Chainlink’s LINK price is showing strength above $16.50. A break out of the $17.50 resistance area could lead the price to continue rising. Chainlink price is showing bullish signs and we expect further gains above $17.00 against the US dollar. The price is trading near the $16.50 level and above the 100-hour simple moving average. On the hourly chart of the LINK/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $16.50. A break out of the $17.50 resistance area could push the price higher again. Chainlink Price Eyes Rises Further Over the…
Author: Crypto Flexs
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Key Takeaways Bitcoin had a sluggish start to the week, falling below $68,000. Bitbot is developing a staking feature after raising more than $4 million in a pre-sale. Bitcoin may fail to break the $72,000 resistance level and fall. Bitcoin, the leading cryptocurrency by market capitalization, has underperformed over the past few days. It has lost nearly 3% in value over the last 24 hours and is currently trading for over $67,000 per coin. This poor performance comes as the spot Bitcoin ETF recorded an outflow of $64 million on Monday. This is the first time that the US-based spot…
Bitcoin traded below $68,000 during the Asian trading session on June 11 as analysis predicted further BTC price declines.BTC/USD 1-hour chart. Source: TradingViewBTC price weakness meets lack of “heavy” bid support.Bitcoin (BTC) fell 3% to a low of $67,320 on Bitstamp after the daily close, according to data from Cointelegraph Markets Pro and TradingView.Lacking support at the key $69,000 level, Bitcoin bulls were unable to stem the decline through thin exchange order book liquidity.A day earlier, Keith Alan, co-founder of trading resource Material Indicators, warned that a lack of bids could be a warning sign for BTC price strength.”Of course…
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Share this article Shares of Metaplanet, a public company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, surged 9.88% after the company announced its third Bitcoin acquisition, according to data from Google Finance.Shares soar after Metaplanet’s third Bitcoin purchase.Metaplanet said on Monday it had added 23.351 bitcoins (BTC), worth about 250 million yen ($1.58 million), to its holdings. With this acquisition, the company now holds over 141 BTC worth approximately $9.54 million.The new move, which was approved by the company’s board of directors, is also the third Bitcoin acquisition in two months. The company previously made purchases…
There have been a lot of very interesting developments in the crypto space over the past few years. Satoshi’s blockchain notwithstanding, perhaps the first major innovation since blind zero-knowledge proof is: Fully homomorphic encryption, a technology that allows you to upload data to a server in an encrypted format, and then the server can perform calculations and send back the results without you having any idea what the data is. In 2013, we saw the beginning. Concise computational integrity and privacy (SCIP) is a toolkit pioneered by Israel’s Eli ben Sasson that allows you to cryptographically prove that you performed…
Binance Labs, the $10 billion venture capital and incubation arm of cryptocurrency exchange Binance, invested an undisclosed amount in Zircuit. Ethereum ETH -3.69% Layer 2 network developer.Zircuit is a zero-knowledge rollup with “AI-enabled sequencer-level security,” Binance Labs said on Tuesday. The company added that this investment will help Zircuit grow and advance its network.Binance Labs’ investment in Zircuit comes ahead of the network’s mainnet launch this summer. Both companies declined to disclose the size of their investment and other terms of the deal. According to X’s bio, Zircuit is backed by Pantera Capital and Dragonfly.What is Zirkit?Zircuit is an Ethereum…
Are you looking to maximize the potential of your Ethereum holdings? Stake Ethereum using OK Coin Take advantage of the benefits of decentralized finance (DeFi). OkCoin provides a seamless platform for Ethereum staking, allowing you to earn rewards while contributing to the security and efficiency of the blockchain network.By staking your Ethereum through OkCoin, you can participate in the growing trend of earning passive income in the cryptocurrency space. Whether you are a seasoned investor or new to the world of cryptocurrency, staking your Ethereum on OKCoin gives you the opportunity to grow your holdings while supporting the broader blockchain…
Cryptocurrency analyst Nick The Cheeky Crypto YouTube channel provided a very optimistic prediction. Cardano (ADA). The analyst also explained what factors he believes could push Cardano’s price that high. Cardano could rise to $38 at some point. In a recent video on the Cheeky Crypto YouTube channel, Nick stated: Cardano It could rise to $38 at some point in the future, although he admitted it won’t happen anytime soon. He highlighted Cardano. technological advancement This is one factor that could propel cryptocurrency tokens to such heights. Related Reading The cryptocurrency analyst further claimed: Criticism of CardanoThe network is well-positioned to…
ZKSync announced that it will distribute 17.5% of the ZK token supply through airdrop. This is a pivotal step in engaging the community in the further development of the protocol. ZKSync, an Ethereum layer 2 scaling solution, uses zero-knowledge (ZK) proofs to improve scalability and reduce transaction costs. Users complain that they are not eligible for ZK airdrops. ZK tokens facilitate payment of network fees and allow community voting on protocol upgrades. It also allows token holders to participate directly in the ZKsync governance system. This system is very important as it allows for protocol enhancements such as staking and…