Connect with us

Blockchain

Top 3 Trending Searches on CoinGecko Today as per CryptoDep

Published

on

Top 3 Price Gainer Cryptocurrencies in the Last Hour
  • The APE price would rise to $18 if the post-retest rally were successful.
  • Dogelon Mars has been up 31.57% in the last 24 hours.

Let us look at the top 3 trending searches on CoinGecko today as per CryptoDep.

ApeCoin (APE)

NFT-ApeCoin, the native token of Bored Ape, has surged in recent days, up 56% from its low of $10.93 on April 18th. Whale buildup and a fresh launch announcement by creator Yuga Labs for its future metaverse-‘Otherside’ were behind this exponential surge. Because of this, the price of APE jumped by 22% throughout the day and hit a new record high of $17.35. The APE price would rise to $18 if the post-retest rally were successful.

According to CMC, the ApeCoin price today is $16.14 USD with a 24-hour trading volume of $2,730,907,795 USD. ApeCoin has been up 23.88% in the last 24 hours.

STEPN (GMT)

As of March, the STEPN (GMT) token, which uses the Solana (SOL) blockchain, has a market capitalization of over $1 billion. It took only 41 days for GMT’s price to soar from a low of $0.01 to a record high of $3.45 – a 34,000 percent increase in value (data from Binance). In particular, the buzz surrounding decentralized finance (DeFi) initiatives, which reward users with tokens for being active, seems to have contributed significantly to the market’s meteoric rise.

According to CMC, the STEPN price today is $3.52 USD, with a 24-hour trading volume of $4,617,398,965 USD. STEPN is up 0.90% in the last 24 hours.

Dogelon Mars (ELON)

Intraday gains of 45 percent to $0.000001103 for Dogelon Mars cryptocurrency, a blend of Dogecoin and Tesla CEO Elon Musk. It’s not obvious what’s behind the token’s recent surge, but Tesla CEO Elon Musk’s latest cryptic Twitter tender offer suggestion puts him back in the limelight. Dogelon Mars is an Ethereum and Polygon meme currency with dogs as the theme. Dogecoin, Shiba Inu, and Floki Inu have all been popular dog-themed cryptocurrencies in the past, and this one is no exception.

According to CMC, the Dogelon Mars price today is $0.000001 USD with a 24-hour trading volume of $173,835,011 USD. Dogelon Mars has been up 31.57% in the last 24 hours.

Advertisement

Blockchain

Registration For The Upcoming VERSE Token By Bitcoin.com Is Now Open

Published

on

Registration For The Upcoming VERSE Token By Bitcoin.com Is Now Open

Miami, Florida, 23rd May, 2022, Chainwire

Registrations are now open for the VERSE token sale, which will begin in the later part of June 2022. Interested parties who register can participate in the token sale immediately upon launch. 

VERSE is the rewards and utility token distributed to holders who participate in the Bitcoin.com ecosystem. Bitcoin.com is a global leader in introducing newcomers to cryptocurrency and is the go-to platform for educational resources, news, and more. Bitcoin.com’s ecosystem includes  30 million wallets and more than five million monthly active users across various products and services.

The VERSE token will reward users who engage in buying, selling, spending, swapping, and staying informed about cryptocurrency. Rewards will be allocated by interacting with the Verse DEX, staking VERSE, cashback paid in VERSE, and using VERSE as collateral in various lending pools. Additionally, token holders will receive access to exclusive products and services. 

VERSE is a cross-chain token using the ERC-20 token standard on the Ethereum blockchain. The Verse team will actively explore opportunities to expand the token into low-fee Ethereum Virtual Machine-compatible networks to provide an optimal user experience. 

The VERSE supply is fixed at 210 billion tokens, distributed over seven years through a block-to-block approach. A further breakdown looks as follows:

  • 10% sold during Sale A (completed in May 2022)
  • 6% being sold during Sale B (coming in June 2022)
  • 15% allocated to the team
  • 35% set aside for ecosystem incentives
  • 34% will be used for funding future development of Verse and its ecosystem

The first token sale raised $33.6 million last month from notable market participants such as Blockchain.com, KuCoin, and Digital Strategies along with thought leaders like Roger Ver, Jihan Wu, and David Wachsman.

“We were honored to see such outspoken support during our first token sale round. Furthermore, we could not be more excited about bringing our second token sale to the public and providing more people with access to VERSE. This new utility token marks a crucial milestone for the Bitcoin.com ecosystem. It will enable us to enhance the mainstream appeal of cryptocurrency and blockchain through our buy/sell services, news coverage, and educational tools” said Dennis Jarvis, CEO Bitcoin.com.

To participate in the upcoming VERSE token sale, interested parties need to register on the Verse website. They will be the first to know when the VERSE token sale is live. 

Registrants need an Ethereum wallet – such as the Bitcoin.com Wallet – to receive the VERSE tokens. Payment for the token sale is possible with Bitcoin, Bitcoin Cash, Ethereum, USDT, and USDC. 

The Verse community already counts over twenty-five thousand participants combined across Telegram and Discord. VERSE tokens will be minted following the conclusion of the Verse public sale in July. 

The VERSE token sale is not available to U.S. purchasers.
 

Contacts
Continue Reading

Blockchain

Why Bitcoin Price Could Explode Above $30.6K In Near-term

Published

on

Bitcoin

Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC could rally if there is a clear move above the $30,600 resistance zone.

  • Bitcoin formed a double bottom pattern near $28,500 and climbed higher.
  • The price is now trading above the $30,000 level and the 100 hourly simple moving average.
  • There is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could gain bullish momentum if there is a clear move above $30,600.

Bitcoin Price Could Soon Rally

Bitcoin price remained well bid above the $28,500 support zone. It seems like there was a double bottom pattern formed above $28,500 before the price started a fresh increase.

There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average. The price even climbed above the $30,000 resistance zone. However, the bears are still active near the $30,600 resistance zone.

The price traded as high as $30,500 and is currently correcting lower. There was a move below the 23.6% Fib retracement level of the upward move from the $29,225 swing low to $30,500 high.

On the downside, there is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair. It is now trading above the $30,000 level and the 100 hourly simple moving average. An immediate resistance is near the $30,450 level. The next major resistance is near the $30,600 level.

Source: BTCUSD on TradingView.com

A clear move above the $30,450 and $30,600 resistance levels might start a strong rally in the near term. The next key resistance could be near the $31,500 level, above which the price might rise to $32,500.

Fresh Decline in BTC?

If bitcoin fails to clear the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $30,000 level. The first major support is near the $29,850 level and the trend line.

The trend line is near the 50% Fib retracement level of the upward move from the $29,225 swing low to $30,500 high. A clear move below the trend line might send the price towards the $28,500 support.

Technical indicators:

Hourly MACD – The MACD is now slowly losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $29,850, followed by $29,600.

Major Resistance Levels – $30,600, $31,200 and $31,500.

Continue Reading

Blockchain

Avalanche (AVAX) Shows Optimism But Is This A Price Reversal?

Published

on

Avalanche

Avalanche (AVAX) has displayed recovery on its chart. Over the last 24 hours, the altcoin brought home 4.8% gain. Although, there has been a considerable daily gain, AVAX is trading underneath its long-standing price floor.

It is difficult for investors to look at just the daily gain as a good enough reason to buy the coin at the moment. Technical for the coin hasn’t suggested strong bullishness which might suggest that AVAX could be a good buy at the time of writing.

Avalanche (AVAX) has lost 8% of its market value in the last week. This forced many investors to liquidate the asset and leave. Since, AVAX broke below its long term support area, this could act as an important red flag for the investors.

The next solid area of support for AVAX was at $20. The coin traded around the current price level previously in the month of August, a year ago.

Avalanche Price Analysis: One Day Chart

Avalanche was trading at $31 on the one day chart | Source: AVAXUSD on TradingView

Avalanche (AVAX) was exchanging hands at $31 at the time of writing. The altcoin has been laterally trading at that price mark for nearly a week now. It revisited this price mark last year, however, back then the coin was on an uptrend.

Immediate resistance for the coin stood at $40 as established previously. A fall below the current price level could send AVAX near the $20 support mark. Failing to settle near the $20 mark could bring AVAX anywhere between the $12 and $9 support level.

Technical Analysis

Avalanche
Avalanche depicts low buying strength on the one day chart | Source: AVAXUSD on TradingView

The altcoin continues to depict weakness on its chart. The technical outlook seems bearish because buyers are nowhere to be seen in the market. As the coin revisited the August, last year’s price level, AVAX remained under the grasps of the sellers in the market.

According to the Relative Strength Index, the indicator was bordering the oversold mark. Until and unless, RSI manages to move above the half-line, it is too early to call this price action a reversal.

Going by the Directional Movement Index that reads the price direction, bears are in control. The -DI line was above the +DI mark signifying bearishness. The Average Directional Index line (red) was near the 50-mark, this reading meant that price action was strong with less signs of a reversal.

Suggested Reading | Avalanche Crumbles More Than 16% As Crypto Landslide Continues

Avalanche
Avalanche might be flashing buy signal on the one day chart | Source: AVAXUSD on TradingView

On the one day chart, AVAX’s technical pointed towards a possible change in price direction at the time of writing. Moving Average Convergence Diverge aka MACD, displayed a green signal bar above the half-line.

A green signal bar above the half-line might mean a buy signal, if continued buy signals are witnessed it may mean a change in price momentum.

Parabolic SAR also depicted a dot beneath the price candles, this means a change in price direction. If more dots are seen beneath the candlesticks over the upcoming trading sessions then AVAX might stage a recovery on its chart.

Suggested Reading | Cardano (ADA) Grapples At $0.524; Bullish Trajectory Coming

Continue Reading

Trending