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Showing posts from August, 2022

Solana price analysis: SOL up tracks to $32.5 as bulls aim for 33.3

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The Solana price analysis shows bullish price movement for today as bulls are trying to continue their lead and have succeeded so far in their efforts as the price has increased today. The past week had been favorable for the bears as the price underwent loss at a considerable rate. From 14 August to 28 August 2022, the price fell from 46.5 to $30.3, which shows the intensity of the bearish trend, but today, the trend is in favor of the bulls, as they are at the leading position. It is anticipated that the price will move higher than $32.5 in the coming hours as well. SOL/USD 1-day price chart: 7.45 percent increase observed in coin’s value The one-day Solana price analysis is predicting an increase in DOT/USD crypto pair’s value as the bulls are now trying to occupy the front position. The successive downtrend has been reversed as now the bulls have been leading the price charts since yesterday. The price underwent a considerable recovery and increased from $30.3 to $32.5 since yest...

Bitcoin Cash Price Prediction 2022-2031: Will BCH Price go up?

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Bitcoin Cash (BCH) is one of the oldest and most well-known digital currencies that trade every crypto exchange. Bitcoin cash began its journey when it was forked from Bitcoin in 2017. You can easily buy Bitcoin Cash. But are you ready for this? It’s time Bitcoin Cash steals the show from Bitcoin, like in 2017. Transactions queued up on most platforms, waiting for confirmation because blocks could not handle the increase in transaction size. In order to battle this, Bitcoin Cash increased the size of blocks to between 8 MB and 32 MB, thereby enabling the processing of more transactions per block. With a less than one penny transaction cost and the potential to process over 100 transactions per second, Bitcoin Cash is a better viable payment platform. Bitcoin Cash can handle around 25,000 transactions per block. In comparison, Bitcoin processes 1,000-1,500 transactions per block.  Bitcoin Cash is also considered a safe investment ...

Cardano price analysis: Bullish momentum accelerates as ADA jumps to $480

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The Cardano price analysis shows a bullish trend. Resistance for ADA is present at $0.498. Support has been raised at $0.459 for the crypto pair. The current Cardano price analysis is showing a relatively greater level of bullish momentum in the updates. There have been moments where bears have taken advantage and have been able to surpass the bulls. Yet, cryptocurrency is hinting at successful bullish endeavors in the future as prices jumped today to $0.480. This has been possible due to the presence of strong support at $0.459. Most of the altcoins and Bitcoin and Ethereum are all under correction today, at least at present. At the same time, Cardano is showing some promising bullish movement which is a hopeful indication for the buyers. ITB Widget Example window.itb_widget=window.itb_widget||{init:t=>{const e=document.createElement(“script”);e.async=!0,e.type=”text/javascript”,e.src=”https://app.intotheblock.com/widget.js”,e.onload=function(){window.itbWidgetInit(t)},docum...

Solana price analysis: Bears pull back SOL to $34.7 as bulls await their turn

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The Solana price analysis shows that bearish momentum is on the go, as the price levels are falling down today. The past few hours have been unsupportive for the bulls, yet the most recent update is notifying about the bearish supremacy as the coin’s value has decreased. The price has decreased to the level of $34.7 , which marks a great difference in the trend. Yet, the price has not reached its critical limits and is still above the support level, which is $34. SOL/USD 1-day price chart: Three percent decrease observed in price value The one-day price chart for Solana price analysis shows cryptocurrency values are going in the bearish direction after slight retraces from the bullish side in the past few days. Today’s trend is on the bearish side, as the price is gradually decreasing and has come down to $34.7, reporting a three percent loss of value over the last 24 hours and an 8.8 percent loss over the past seven days. SOL/USD 1-day price chart. Source:  TradingView The ...

XRP Price Prediction 2022-2031 [After Lawsuit]: Who’s Swimming Naked?

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The controversial CoinMarketCap quiz, which named “XRP as the “impostor coin,” had its naysayers and applauders. According to CoinMarketCap, this is because XRP is “controlled and governed by authorities, hence defeating the purpose of #cryptocurrency. All the other coins in this [list] are decentralized and are basically “people’s crypto.” Some say this description is accurate. The Quiz questioning XRP status has since been removed, but the feeling of being thrown under the bus lingers. Let those with axes grind might as well bury them because this is crypto winter, and any small noise you make as a competitor might also impact you. An avalanche at this time is a mishap for all who have pinned their financial freedom on cryptocurrency projects. CoinMarketCap’s tweet that Ripple’s XRP was not a true cryptocurrency, but an impostor did not go down well with many observers, particularly the Ripple community. CMC had to delete the controversial tweet eventually. But the tweet had been u...

Solana price analysis: SOL bounces back to $36 as consolidation continues

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The Solana price analysis shows an increased chance of an upcoming upswing as the bulls are trying to regain their strength. The bullish momentum is now holding up, as the coin value has been sustained near the current price level for the past few days and has just reached $36 point. This is a relatively positive indication regarding the future market events, as the past few weeks were relatively unfavorable for the cryptocurrency. But now, the bulls struggle to regain their position and take the price even higher. SOL/USD 1-day price chart: 3.27 percent price increase recorded The one-day Solana price analysis supports the bulls, as the coin is in the consolidation phase, and the market is seemingly recovering from the prolonged bearish wave. The situation is changing for the cryptocurrency, as the bulls are trying to make their way to recovery. They have been able to push the price up to $36, which is appreciable progress and has contributed to a 3.27 percent increase in the coin’s...

Ethereum Price Prediction 2022-2031: Will ETH reach $8000 soon?

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Ethereum price predictions are essential for every investor looking to try his luck in the crypto industry. After the recent introduction of the network upgrade, Ethereum experienced a resurgence in demand and price action. Dapps are a growing application movement that uses Ethereum to disrupt business models or invent new ones. But the greater concern is whether the current Ethereum Price Prediction algorithms will hold with the new structure. How will the projected Merge affect $ETH prices? Some of the ETH/USD price surges have been attributed to the general market trend reversal spurred by slowing pace of inflation, but a great deal of outperformance is related to the upcoming Merge. The hottest event mainly affecting the Ethereum network, the so-called Merge in September, will shift Ethereum from a Proof-of-Work consensus mechanism to Proof of Stake by ultimately merging the Ethereum mainnet, the main public network used by everyone, with the Beacon Chain, the Ethereum Proof-of-S...