5 Best Decentralised Exchanges (DEXs) in 2022 - cyptoranking.com

2024-04-28

Popular crypto exchanges(2023 Update) 2024-04-28
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The two trends outlined above – the ending DXY surge and the potential SPX bounce – have major implications for the cryptocurrency market and Bitcoin. Most notably, despite brief periods of lack of correlation, the BTC price remains positively correlated with the SPX index. Source: TradingViewThe price of Dogecoin (DOGE) has dropped today as the cryptocurrency market continues to weather poor conditions, with the meme token falling by 2% in the past 24 hours.At $0.060220, DOGE is also down by 6% in a week and by 5% in a month, with the original meme coin having fallen by 14% since the beginning of the year.This fall since January contrasts strongly with many other major tokens (e.g. BTC, ETH, XRP), with DOGE looking like it's suffering a long-term decline.However, the Dogecoin community still hoping that X (formerly Twitter) will eventually introduce cryptocurrency payments, DOGE could witness a big comeback eventually.Dogecoin Price Prediction as Hopes for $1 Linger – Is a Bull Market on the Horizon for DOGE?DOGE's chart looks fairly grim at the moment, and it has looked this way for well over a month now, with its indicators showing no immediate signs of recovery.Source: TradingViewIts relative strength index (purple) has remained below 50 since the middle of August, and has actually been below 40 and close to 30 for much of this time, indicating some serious overselling.Reinforcing this concerning picture is the fact that DOGE's 30-day EMA (yellow) has been comfortably below its 200-day average (blue) for much of the year, something which again suggests it's in the middle of a drawn out process of decline.It also looks bad as far as the coin's support level (green), which has been sliding since the middle of August and could easily continue sliding for the foreseeable future.The problem with DOGE is that, caught in the middle of an ongoing bear market, there is nothing fundamental holding it up and protecting it from ongoing falls.It's hard to remember when Dogecoin saw its last significant piece of news or update, with the coin almost exclusively waiting for Elon Musk to tweet some inane reference to meme token in order to prop it up.As far as the longer term picture goes, its community is hoping that DOGE payments eventually come to X, which is certainly moving in a direction that would suggest it intends to introduce digital payments of some kind.Indeed, recent months have seen X receive money transmitter licenses, meaning that it's nearing the point where it will be able to offer financial and/or payment services.Of course, plans to introduce payments doesn't guarantee that such plans will involve DOGE, even if Musk is undeniably a long-term supporter of the meme token.Because of this uncertainty, it's hard to say whether DOGE will enjoy a major recovery in the not-too distant future.Assuming that DOGE payments do come to X, it could easily return $0.10 if not much higher.But if they don't, the meme token could continue its seemingly inexorable decline, falling through one support level after another in the coming months, unless another bull market arrives.Fundamentally Stronger CoinsTraders tired of coins without fundamentals may prefer to look at some of the newer tokens on the market that do boast actual use cases, with some of these currently holding their presales right now.For example, TG.Casino (TGC) is a decentralized casino platform that will combine online betting with social networking.Having begun the presale for its native TGC token a few weeks ago, TG.Casino has already raised in excess of $500,000, a sign that investors are being won over by its fundamentals and roadmap.As a casino platform, TG.Casino offers a wide variety of online games and gambling experiences, with its platform having already launched and having already begun attracting a growing userbase.But what distinguishes the platform from its rivals is the fact that it also operates on Telegram, which it has begun using in order to tap into the large online communities that already exist on the popular social messaging app.This harnessing of Telegram has given TG.Casino a headstart over many of its competitors, with the platform's success in a raising half a million dollars suggesting that the use of the app is already paying off.Its native token, TGC, will have a hard cap of 100 million, with 40% going to its presale, 20% going to staking rewards and 10% to gaming rewards.Such a distribution is likely to motivate greater involvement from its community, increasing the chances that TG.Casino will have a long and fruitful lifespan.New buyers can join the presale by heading over to the official TG.Casino website, where 1 TGC costs $0.125.TGC will remain at this price for the entire presale, yet once it lists on exchanges in the next few weeks it could easily rise much higher.Visit TG.Casino NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Ethereum Price Prediction as $1,800 Level Comes into Play – What Are the Indicators Showing? 5 Best Decentralised Exchanges (DEXs) in 2022The price action for these two bullish altcoins shows similarities to that of Bancor (BNT) before its upward movement. Ellison took the stand Tuesday immediately following testimony from fellow insider Gary Wang, the quiet coder who last week told the court he wrote much of the programming that enabled FTX's fraud.

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Compete: With everything from head-to-head races to grand automotive showcases, Torque Drift 2 offers a whole new level of thrilling competition. — Sunil (FTX Creditor Champion) (@sunil_trades) October 8, 2023 Want to buy an NFT with eToro? Here's howWhat investors should expect regarding XRP in 2024? In order to streamline the trading experience and ensure optimal liquidity, Binance Liquid Swap conducted a comprehensive review of the listed liquidity pools.

The funding was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. Investors Naval Ravikant, Balaji Srinivasan and the founders of streaming platform Twitch also participated, as well as Web3 firms Anchorage Digital, Mercury, Firebase, Zynga and Alchemy. With Ethereum price heading south, investors are growing impatient, evidenced by the growing chatter around the Proof-of-Stake (PoS) token. Best Cryptocurrency App for BeginnersFXS / Tether IS 1D (Source: TradingView) Bitcoin (BTC) is attempting to trade above $27,000 in a positive sign. In the past few days, Bitcoin’s price held above $26,000 in adverse conditions as the U.S. Dollar Index rose sharply and the S&P 500 index was plunging. This suggests that selling dries up at lower levels.The decision by the United States Securities and Exchange Commission to delay the applications for multiple spot Bitcoin exchange-traded funds (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view of Bitcoin. Bloomberg ETF analyst James Seyffart believes that the regulator took an early decision because of the risk of a U.S. government shutdown on Oct. 1.Daily cryptocurrency market performance. Source: Coin360Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery in most major altcoins, which are trying to climb above their respective resistance levels.Could Bitcoin extend its up-move in the near term and will that start a revival in the crypto space? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisAfter struggling for several days, the bulls finally propelled Bitcoin above the moving averages on Sept. 28. The bulls are currently trying to thwart attempts by the bears to yank the price back below the 20-day exponential moving average ($26,534).BTC/USDT daily chart. Source: TradingViewThe moving averages are on the verge of a bullish crossover, and the relative strength index (RSI) is in the positive territory, indicating that the path of least resistance is to the upside. There is a minor resistance at $27,500, but it is likely to be crossed. The BTC/USDT pair could then rally to the overhead resistance at $28,143. This level is again likely to witness a tough battle between the bulls and the bears.On the downside, the $26,000 level is important to watch out for. If this level gives way, the advantage will tilt in favor of the bears. The pair may then nosedive to the formidable support at $24,800.Ether price analysisEther (ETH) climbed and closed above the 20-day EMA ($1,622) on Sept. 28, indicating that the selling pressure is reducing. The buyers continued their purchase and cleared the hurdle at the 50-day simple moving average ($1,660) on Sept. 29.ETH/USDT daily chart. Source: TradingViewThe bulls will try to drive the price to the overhead resistance of $1,746. This is an important level to keep an eye on because if buyers overcome this barrier, the ETH/USDT pair will complete a double bottom pattern. This reversal setup has a target objective of $1,961.On the contrary, if the price turns down from $1,746, it will indicate that the bears remain sellers on rallies. The price could then dip to the 20-day EMA. If the price rebounds off this support, it will enhance the prospects of a rally above $1,746. The bears will be back in the game if they drag the price back below the 20-day EMA.BNB price analysisBNB (BNB) has been trading inside the $220 to $203 range for the past few days. The bulls are trying to nudge the price to the overhead resistance at $220.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flat but the RSI has risen into positive territory, indicating that the momentum is turning in favor of the bulls. If the $220 resistance is surmounted, the BNB/USDT pair could surge to $235.Contrary to this assumption, if the price turns down sharply from $220, it will indicate that the range-bound action may continue for a while longer. The next leg of the downtrend will begin after bears tug the price below $203.XRP price analysisBuyers pushed XRP (XRP) above the 20-day EMA ($0.50) on Sept. 28 and followed that up with a move above the resistance line of the symmetrical triangle pattern on Sept. 29.XRP/USDT daily chart. Source: TradingViewIf the price sustains above the triangle, it will signal that the uncertainty has resolved in favor of the buyers. The XRP/USDT pair could then rally to the overhead resistance at $0.56. This is an important resistance to watch out for because a break above it will clear the path for a potential rally to the pattern target of $0.64.Contrarily, if the price turns down and reenters the triangle, it will indicate that markets have rejected the higher levels. The bears will then try to gain the edge by pulling the price below the uptrend line of the triangle.Cardano price analysisThe bulls are trying to sustain Cardano (ADA) above the 20-day EMA ($0.25) on Sept. 29, which shows that the bears are losing their grip.ADA/USDT daily chart. Source: TradingViewA break and close above the downtrend line will invalidate the bearish descending triangle pattern. Generally, the failure of a bearish pattern results in a sharp up-move as the sellers rush to exit their shorts and the bulls waiting on the sidelines start buying. That could propel the ADA/USDT pair to $0.29 and subsequently to $0.32.Time is running out for the bears. If they want to regain control, they will have to defend the downtrend line and pull the price below $0.24. The next support on the downside is at $0.22.Dogecoin price analysisDogecoin’s (DOGE) range has shrunk in the past few days, increasing the prospect of a range expansion within the next few days.DOGE/USDT daily chart. Source: TradingViewThe 20-day EMA ($0.06) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If buyers kick the price above the 20-day EMA with force, it will signal the start of a recovery. The DOGE/USDT pair could first rise to $0.07 and thereafter to $0.08.If bears want to prevent the upside, they must quickly drag the price below $0.06. If they do that, the pair may plunge to the next critical support at $0.055.Solana price analysisSolana (SOL) remains stuck inside the large range between $27.12 and $14 for the past several days. Trading inside a range can be random and volatile as bulls typically buy at the support and sell near the resistance.SOL/USDT daily chart. Source: TradingViewThe bulls are trying to start a relief rally, which has reached the 50-day SMA ($20.44). This is an important level to watch out for because a break above it will suggest that the bulls are back in the game. The SOL/USDT pair could then rise to $22.30.Instead, if the price turns down from the 50-day SMA, it will indicate that the bears are active at higher levels. Sellers will have to tug the price below $18.50 to open the doors for a retest of $17.33.Related: Why is Ether (ETH) price up today?Toncoin price analysisToncoin (TON) rebounded off the 20-day EMA ($2.13) on Sept. 27, indicating that the sentiment remains positive and traders are buying on dips. TON/USDT daily chart. Source: TradingViewThe long wick on the Sept. 27 and 28 candlestick shows that the bears are selling at the 38.2% Fibonacci retracement level of $2.28. However, a positive sign in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA. Buyers will have to shove the price above the 61.8% Fibonacci retracement level of $2.40 to open the doors for a retest of the stiff overhead resistance at $2.59. This positive view will invalidate if the price turns down and plummets below $2.07.Polkadot price analysisThe failure of the bears to sink Polkadot (DOT) below the $3.91 support indicates that the range-bound action remains intact.DOT/USDT daily chart. Source: TradingViewBuyers will try to drive the price above the 20-day EMA ($4.10) and challenge the overhead resistance at the 50-day SMA ($4.32). If this level is cleared, the DOT/USDT pair could surge to the downtrend line. The bulls will have to overcome this barrier to signal a potential trend change.The important support to watch on the downside is $3.91. A break below this level will suggest the resumption of the downtrend toward $3.58.Polygon price analysisPolygon (MATIC) turned up from $0.50 on Sept. 28 indicating solid buying at lower levels. The price has reached the 20-day EMA ($0.52), which is an important level to keep an eye on.MATIC/USDT daily chart. Source: TradingViewThe positive divergence on the RSI indicates that the selling pressure is reducing. That enhances the prospects of a break above the moving averages. The MATIC/USDT pair could then retest the overhead resistance at $0.60. The bears are expected to protect this level with vigor.If bears want to maintain their control, they will have to yank the price below the strong support at $0.49. If this support gives way, the pair may drop to $0.45.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Joe Lubin: This bear market is partly the result of wave after wave of innovation which drove greater and greater excitement in our space. It was irrational exuberance similar to the dotcom boom and bust [in the late 1990s]. At that time, the whole tech and web space built toward this blow-off-the-top crescendo. It coincided with a global financial collapse. That’s very similar to what we’ve seen in our space. Most of the recent NFT projects are said to be lacking in efficiency. However, Tamadoge (TAMA) is an exception. This meme coin and NFT-based P2E game is power-packed with the best utility as well as scope. It provides real-world utility as well as immersive gaming experiences. With Tamadoge, users can breed and sell puppies in the virtual world. P2P Crypto Exchange, Buy & Sell Bitcoin with your Bank ...“There is a case of reputational risk,” another user named mans9841 commented under the forum post. The “RWA narrative has just started to ride and we cannot let ourselves down after building so much.”Frax Finance unveils documentation for dollar-pegged stablecoin What cryptocurrencies can you mine?

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