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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Mar / 27
- Arbitrum: Bullish Outlook or Temporary Hype?
- Mar 27, 2024 at 07:44 am
- Arbitrum (ARB) earns a bullish rating from InvestorsObserver on Wednesday, despite a 2.79% price decline to $1.69 amidst a 0.88% market downturn. The Sentiment Score, based on recent volume and price movement, indicates positive short-term performance, suitable for investors seeking momentum or entry at a lower point. Arbitrum currently trades near its midpoint, with support at $1.69 and ample room for growth before reaching resistance at $1.77. However, low trading volume may pose limitations for some investors.
- Scholarship Coin: A Safe Haven Amidst Crypto Volatility
- Mar 27, 2024 at 07:39 am
- Scholarship Coin (SCHO) has been relatively stable compared to the crypto market, exhibiting low volatility and a well-protected price from manipulation. Its current price position is favorable, with support at $0.000649557784524494 and resistance at $0.000650160815891558, providing room for price growth.
- Injective Ionic Upgrade Unlocks Interoperability for Layer-1 Blockchain
- Mar 27, 2024 at 07:38 am
- Injective's Ionic Upgrade enhances the Injective Bridge, fostering advanced interoperability between Ethereum, Solana, and Cosmos blockchains. This upgrade enables seamless asset bridging with minimal fees, allowing users to easily transfer core assets between multiple networks. With this latest update, Injective solidifies its position as a leading interoperable blockchain, driving innovation and expanding its L2 ecosystem.
- ENS Maintains Neutral Rating Despite Market Decline
- Mar 27, 2024 at 07:38 am
- Ethereum Name Service (ENS) received a Neutral rating from InvestorsObserver on Wednesday. The token has dropped 3.38% to $22.31, while the broader crypto market has declined by 1.17%. Over the past five days, ENS has earned a Neutral rating on the InvestorsObserver Sentiment Score, which gauges its performance through volume and price movement.
- Graviocoin: Trending Downward or an Undervalued Opportunity?
- Mar 27, 2024 at 07:38 am
- Graviocoin's weak short-term technical score of 1 indicates bearish sentiment among traders due to a significant price drop of -99.67% from its monthly high and trading below its average price. This suggests traders are cautious and may anticipate further decline in the short term.
- TON's Weekly Price Surge: Bullish Rally or Pullback on the Horizon?
- Mar 27, 2024 at 07:35 am
- TON's price has surged by 50% within a week, fueled by anticipation of the Ton Foundation's latest initiatives. However, technical indicators such as RSI at 77 suggest potential for a corrective phase due to overbought conditions and resistance at $5.69. Fibonacci retracement levels at $5.00, $4.47, and $4.09 may provide support should a pullback occur.
- InvestorsObserver Rates SynchroBitcoin as High Risk
- Mar 27, 2024 at 07:32 am
- InvestorsObserver's analysis assigns SynchroBitcoin a high-risk rating due to recent price volatility relative to trading volume. Using a proprietary scoring system that evaluates funds needed to move the price over 24 hours, the platform calculates manipulability risk, with low scores indicating high risk and high scores indicating low risk on a scale of 0 to 100. SNB's current risk score suggests it is a relatively high-risk investment.
- SEC Seeks $2 Billion Penalty in Ripple XRP Suit
- Mar 27, 2024 at 07:32 am
- The SEC implores Judge Analisa Torres to impose fines exceeding US$2 billion on Ripple Labs for allegedly contravening securities laws through the sale of XRP tokens to institutional investors. Despite facing legal action, the SEC claims that Ripple has escalated XRP sales, evaded liability, and disregarded legal counsel against promoting it as an investment. The agency maintains that substantial sanctions are necessary to deter Ripple's noncompliance with securities laws and recover ill-gotten gains.
- Nigeria's Filecoin Orbit Workshop Unlocks the Power of Decentralized Data Storage
- Mar 27, 2024 at 07:31 am
- Filecoin Orbit Nigeria hosted a workshop and hackathon session themed "Building dApps on FVM" on March 23, 2024, at NITDA Hub, University of Lagos. The event brought together developers, entrepreneurs, and tech innovators to explore opportunities in decentralized data storage and build applications on the Filecoin Virtual Machine (FVM). The session included presentations on Filecoin and FVM, as well as a hands-on workshop on building dApps using FVM.
- Robinhood's Crypto Expansion Gathers Steam with Android Wallet Launch
- Mar 27, 2024 at 07:30 am
- Robinhood, the popular trading platform, has launched its Android version of its self-custody crypto wallet, expanding its cryptocurrency services to the 70% of users who rely on the Android operating system. The wallet supports popular cryptocurrencies like Bitcoin, Ethereum, and Shiba Inu, allowing users to directly store, send, and receive their crypto assets while maintaining full control over their private keys.
- Tether Embraces AI, Joining Tech Convergence with Blockchain
- Mar 27, 2024 at 07:30 am
- Tether, renowned for its USDT stablecoin, has pivoted towards AI, establishing a new division dedicated to open-source AI development and fostering decentralized networks. This move underscores the increasing convergence of AI and blockchain technology, with blockchain's potential to address the challenges of data opacity and centralized AI models.
- Ondo Finance Revolutionizes DeFi with Decentralized Solutions, Sending ONDO Token Soaring
- Mar 27, 2024 at 07:28 am
- Understanding Ondo Finance: Embracing Decentralization and Innovation, Ondo Finance leverages blockchain technology to bridge traditional finance and the crypto world. With a comprehensive suite of decentralized financial products and services, Ondo Finance empowers users to unlock the full potential of DeFi. Recent weeks have witnessed a dramatic surge in the price of its native token, ONDO, driven by a combination of strong fundamentals, positive market sentiment, and unprecedented investor enthusiasm. This surge is further fueled by an increase in the total number of ONDO addresses, whale activity, and a flurry of trading activity. Technical analysis reveals bullish momentum, as evidenced by moving averages and RSI, suggesting potential for continued growth. The role of whale activity is significant, as their substantial holdings and market influence can impact price dynamics.
- Tidal Investments and Hashdex Rebrand Bitcoin Futures ETF to Spot Exposure
- Mar 27, 2024 at 07:26 am
- Tidal Investments LLC and Hashdex Asset Management Ltd. announced the rebranding of the Hashdex Bitcoin Futures ETF to the Hashdex Bitcoin ETF (DEFI), effective March 27, 2024. This change coincides with the conversion to direct investment in spot bitcoin holdings, tracking the Nasdaq Bitcoin Reference Price-Settlement (NQBTCS) as its new benchmark index.
- Gas Rated Low Risk by InvestorsObserver, Signaling Investment Stability
- Mar 27, 2024 at 07:25 am
- Gas has been rated as a low-risk investment by InvestorsObserver's proprietary scoring system, which evaluates price volatility, volume, and market capitalization to determine the cryptocurrency's susceptibility to manipulation. The score ranges from 0 to 100, with low scores indicating high risk and high values equating to low risk.
- Cat Token Earns 'Very Bullish' Rating from InvestorsObserver
- Mar 27, 2024 at 07:24 am
- Cat Token (CAT) has received a "Very Bullish" rating from InvestorsObserver Wednesday. Amidst a wider crypto market decline of 1.33%, CAT has surged 39.07% to $0.2385337452. Its strong five-day performance, including a recent surge to a five-day high of $0.238533745170094, has earned it this bullish rating.
- UNUS SED LEO: Strong Long-Term Technical Standing
- Mar 27, 2024 at 07:20 am
- UNUS SED LEO garners a robust long-term technical score of 94, indicating favorable buy-and-hold prospects. This metric considers historical price movements, support/resistance levels, and long-term averages to identify potential bottoming-out points and optimal entry opportunities for investors seeking steady growth.
- Aptos (APT) Deemed Low Risk Investment by InvestorsObserver
- Mar 27, 2024 at 07:20 am
- Aptos (APT) scores low on the risk assessment scale assigned by InvestorsObserver, a proprietary system that evaluates the coin's price movements relative to trading volume and market cap. The score ranges from 0 to 100, and a low score indicates a low risk investment. APT's price movements over the past day of trading have earned it a score signaling low risk for investors.
- Uniswap: Steady Performer or Wild Ride? Moderate Volatility, Low Risk Offer a Haven
- Mar 27, 2024 at 07:20 am
- Is Uniswap a Wild Ride or a Safe Haven? Uniswap (UNI) has been a steady Eddie in the crypto world, with less volatility than many of its peers. As of Wednesday, DeFi's darling has dipped 1.67% to ...
- Is Internet Computer a Solid Bet for Long-Term Investors?
- Mar 27, 2024 at 07:20 am
- Internet Computer (ICP) has a strong long-term technical score of 93, according to InvestorsObserver analysis. This score is based on the token's consistency, volatility, and where it is relative to long-term averages over the past several months to a year. ICP currently has a buy-and-hold investment opportunity with a long-term technical score that is higher than 93% of crytpocurrencies.
- Hashdex Enters Spot Bitcoin ETF Race: Can It Triumph as the Latecomer?
- Mar 27, 2024 at 07:19 am
- Asset manager Hashdex has officially converted its futures ETF to hold spot Bitcoin, making it the eleventh spot Bitcoin ETF in the United States. Effective March 27, 2024, Hashdex Bitcoin Futures ETF will be renamed to Hashdex Bitcoin ETF with the ticker "DEFI." The fund will invest 95% of its assets into spot Bitcoin, with the option of allocating 5% into CME-traded Bitcoin futures contracts, cash, and cash equivalents.