Solana (SOL/USD) Price Is in Confines, Attempting a Trial Rebound
The resistance line of $200 has been seen as the major barrier that bulls have gained points against the valuation of the US Dollar to peak, given that the crypto-economic price is in confines, attempting a trial rebound.
If additional lowering forces are required, the market would be facing the zone indicated by the horizontal line drawn beneath the lower Bollinger Band. That trade line has proven to be supportive.
You can read more here:
https://cryptosignals.org/crypto/solana-sol-usd-price-is-in-confines-attempting-a-trial-rebound/
Top Trending Coins for Today: W, EGO, ENA, STRUMP, and BTC
In the preceding 24 hours, the coin that has garnered the most attention on the CoinMarketCap platform is Wormhole (W), positioned at the zenith of the list, with subsequent cryptocurrencies trailing behind. Notably, certain markets, such as EGO and Super Trump, have coincidentally retained their rankings from the analysis conducted on March 30th. Without delay, let us proceed to delve into the analysis for today.
The Wormhole market debuted on the chart on April 3rd, sparking considerable excitement characterized by speculation and hype. This fervor led to a significant surge in prices, escalating from $0.25 to a peak of $1.80 before stabilizing around $1.00. Early adopters, enticed by the market’s potential, eagerly embraced its emergence, positioning themselves as its inaugural stakeholders. Currently, the market appears to be consolidating above the $1.00 threshold, following a dip below $1.12.
You can read more here: https://cryptosignals.org/blockchain/top-trending-coins-for-today-april-6-w-ego-ena-strump-and-btc/
I’m doing the same thing with two of my $ENJ sell positions from March 20 and 27, waking away with +3,450 pips ❇️❇️
or +6.9%
and +5,720 pips ❇️❇️❇️
or +11%
…respectively!
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What is DRC-20 in the Crypto World?
DRC-20, shorthand for "Dogecoin Request for Comment 20," stands as a pivotal token standard within the Dogecoin ecosystem. It serves as the bedrock for creating a diverse array of digital assets, empowering developers and users alike to forge interchangeable tokens within the vibrant realm of Dogecoin.
Much like Ethereum's renowned ERC-20 standard, DRC-20 provides a framework that facilitates the seamless creation, management, and utilization of tokens, fostering innovation and interoperability across the Dogecoin network.
How does it Operate?
Utilizing smart contracts on the Dogecoin network, DRC-20 tokens are crafted, offering interoperability across various tokens and services. The creation process incurs a minimal fee of approximately 0.1 DOGE per token, fostering innovation. These tokens unlock opportunities for diverse dApps spanning multiple industries due to their distinctive tokenization capabilities.
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ApeCoin (APEUSD) Bulls Fail to Kickstart The Rally
Market Analysis – Buyers Lack Depth to Pull Through
ApeCoin bulls fail to kickstart the rally. The cryptocurrency has experienced a setback as the bulls failed to kickstart a rally. The price of the crypto is heading down towards the significant level of 1.8230 following a change in price direction.
Last week, the buyers faced resistance at the 2.150 significant level, leading to their failure.
You can read more here: https://cryptosignals.org/ape-usd/apecoin-apeusd-bulls-fail-to-kickstart-the-rally/
Chiliz (CHZUSD) Looses Edge Against Dollar Market
Market Analysis – Chiliz Struggles Against USD
Chiliz (CHZUSD) loses an edge against the dollar market. This crypto market has been making waves.
However, recent developments in the US dollar market have had a significant impact on Chiliz’s performance.
You can read more here: https://cryptosignals.org/technical-analysis/chiliz-chzusd-looses-edge-against-dollar-market/
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📖 The Best Cryptocurrency Exchanges Catering to American Investors
📈 At the core of the cryptocurrency realm lie crypto exchanges, pivotal hubs shaping the market landscape. However, U.S. investors face a unique challenge: navigating through stringent regulations as the U.S. maintains one of the tightest grips on crypto activities globally.
While pinpointing the ultimate “best” exchange remains elusive, there exists a plethora of commendable U.S.-based platforms, each tailored to distinct needs and preferences. Some platforms cater to seasoned traders, while…
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Evolving the Realm of Digital Assets via ARC-20 on the Bitcoin Blockchain
ARC-20 emerges as a catalyst for revolutionizing the landscape of digital asset management, acting as a cornerstone for streamlining not only the creation, transfer, and maintenance but also the authentication and tracking of digital entities. Its advent marks a significant leap forward in blockchain technology, introducing a paradigm akin to Non-Fungible Tokens (NFTs) while simultaneously enhancing the efficiency and accessibility of digital asset transactions.
A notable advancement, Atomicals heralds a new era in the discourse surrounding Ordinals, which garnered significant attention in 2023. This groundbreaking innovation not only adds a fresh perspective but also introduces a methodical framework that redefines the landscape of managing digital assets within the Bitcoin ecosystem.
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Cryptosignals.org Daily Crypto Overview
Bitcoin: $67,921.48 (⬆️ 3.67%)
Ethereum: $3,311.28 (⬆️ 1.37%)
Bitcoin Fear and Greed Index: 79 Greed 🙂
Major bias for Bitcoin in the past 7 days: 🐻 Bearish
Trending Coins (Top gainers & losers)
OGN: 1.81% ⬆️
BCH: 7.40% ⬆️
JTO: -8.34% ⬇️
BICO: -5.20% ⬇️
Today's highlights
Paraguay floats temp crypto mining ban as illegal ‘farms’ cripple grid
- Cointelegraph
EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not
- Coindesk
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Origin Protocol (OGN/USD) on the Rise: Can It Reach Its 2024 Peak?
The Origin Protocol market has been on an upward trajectory since last year, characterized by subtle yet consistent progress. However, upon reaching significant resistance levels, the market experienced heightened volatility, leading to a period of sideways price movement as bearish forces responded to the encroaching bullish sentiment.
Nevertheless, following these periods of consolidation, the market has consistently broken out into new upward zones. This pattern has repeated itself approximately four times since the inception of the market’s upward journey.
You can read more here: https://cryptosignals.org/technical-analysis/origin-protocol-ogn-usd-on-the-rise-can-it-reach-its-2024-peak/
