Before July 19, the company recommended customers remove their cash.
CoinPayments blamed it on new Anti-Money Laundering (AML) legislation.
Shortly after several firms went down, the crypto sector was hit with a lengthy bear market. As a result of the recent increase in market volatility, the crypto ecosystem is also under regulatory scrutiny. Market leaders are fleeing areas with more stringent regulations as a result.
Another Crypto Firm Shuts Door
CoinPayments, a worldwide crypto payment gateway, has also joined the exodus. Before July 19, the company recommended customers remove their cash before it shuts down operations in the United States through private emails. CoinPayments attempted to justify the abrupt shutdown by blaming it on new Anti-Money Laundering (AML) legislation in the United States and ongoing industry shifts.
A CoinPayments spokesperson stated:
“Unfortunately, due to recent AML regulations and changes, we are no longer able to provide services to the United States. The [U.S.-based accounts have] been flagged and will be closed on the date that is mentioned in the email that they have recently received”.
Exit scams occur when a company, whether old or new, steals money from investors by stating they have lost access to cash or assets due to hacking, seizure by the government, or other difficulties. Businesses claim they have no means of reimbursing the users in these situations and finally give up on the project.
The NFT industry’s definition of an exit scam is comparable to that of a rug pull because of their similarities. Rugpulls are more likely to occur when a cryptocurrency project has a detailed long-term strategy and promises its members substantial profits at launch.
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Bullish HOT price prediction is $0.002991 to $0.007273.
Holo (HOT) price might also reach $0.01 soon.
Bearish HOT price prediction for 2022 is $0.001808.
In Holo (HOT) price prediction 2022, we use statistics, price patterns, ADX, and much other information about HOT to analyze the future movement of the cryptocurrency.
What is Holo (HOT)?
Holo (HOT) is an Ethereum token that is used to power Holo, a decentralzsed peer-to-peer hosting platform for Holochain apps (hApps). HOT tokens can be earned by users who host hApps on their personal computers.
The Holochain was created with the goal of shifting the paradigm of energy-intensive data-centric blockchains to a much more efficient agent-centric system. A truly global consensus is not maintained in the Holochain network. Rather than a global consensus, each agent in the public blockchain maintains their own private fork, which is managed and stored on the Holochain using a distributed hash table.
Holo (HOT) Current Market Status
According to CoinGecko, the price of Holo (HOT) is $0.00259286 with a 24-hour trading volume of $28,472,165 at the time of writing. However, HOT has decreased by nearly 3.6% in the last 24 hours.
Moreover, Holo (HOT) has a circulating supply of 177,619,433,541 HOT. Currently, Holo (HOT) trades in cryptocurrency exchanges such as Binance, FMFW.io, DigiFinex, MEXC,Gate.io.
Holo (HOT) Price Prediction 2022
Holo (HOT) holds the 104th position on CoinGecko right now. HOT price prediction 2022 is explained below with a daily time frame.
The above chart of Holo (HOT) laid out a Rounding Bottom. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
Currently, Holo (HOT) is in the range of $0.002757 If the pattern continues, the price of HOT might reach the resistance levels of $0.003133 and $0.004538 .If the trend reverses, then the price of HOT may fall to $0.002361.
Holo (HOT) Support and Resistance Level
The below chart shows the support and resistance level of Holo (HOT).
From the above chart, it is observed that the following are the resistance and support level of HOT.
Resistance Level 1
Resistance Level 2
Resistance Level 3
Resistance Level 4
HOT /USDT Support and Resistance Levels
The charts show that Holo (HOT) has performed a bullish trend over the past month. If this trend continues, HOT might run along with the bulls overtaking its resistance level at $0.007273.
Accordingly, if the investors turn against crypto, the price of Holo (HOT) might plummet to almost $0.001808, a bearish signal.
Holo (HOT) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Holo (HOT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HOT lies above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of Holo (HOT) is shown in the chart above. Notably, Holo (HOT) price lies above 50 MA (short-term), so it is in an uptrend. Currently, HOT has entered a bullish state. Therefore, there is a possibility of a reversal trend of HOT at any time.
Meanwhile, the relative strength index (RSI) of the HOT is 60.45. This means that Holo (HOT) is in an overbought state. However, this means a major price reversal of HOT may occur in the upcoming days. So, traders need to trade carefully.
Holo (HOT) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Holo (HOT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Holo (HOT). Currently, the ADX of HOT lies in the range of 37.032341 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Holo (HOT). RVI measures the constant deviation of price changes over a period of time. The RVI of HOT lies above 50, indicating high volatility. In fact, the RSI of Holo (HOT) is at 60.45 thus confirming a potential sell signal.
Comparison of HOT with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Holo (HOT).
From the above chart, we can interpret the price changes HOT moving similar to ETH. This indicates that when the price of ETH increases or decreases, the price of HOT also increases or decreases respectively.
Holo (HOT) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Holo (HOT)might probably attain $0.02 by 2023.
Holo (HOT) Price Prediction 2024
With several upgrades in the network, Holo (HOT) might enter a bullish trajectory. If the coin grabs the attention of major investors, HOT might rally to hit $0.03 by 2024.
Holo (HOT) Price Prediction 2025
If Holo (HOT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, HOT would rally to hit $0.04.
Holo (HOT) Price Prediction 2026
If Holo (HOT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HOT would rally to hit $0.05.
Holo (HOT) Price Prediction 2027
If Holo (HOT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HOT would rally to hit $0.06
Holo (HOT) Price Prediction 2028
If Holo (HOT) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HOT would hit $0.07 in 2028.
Holo (HOT) Price Prediction 2029
If investors flock in and continue to place their bets on Holo (HOT), it would witness major spikes. HOT might hit $0.08 by 2029.
Holo (HOT) Price Prediction 2030
With greater advancements in the Holo ecosystem, the crypto community might continue to invest in HOT for the next 8 years and drive significant price rallies for the token. Hence, Holo (HOT) might hit $0.09 by 2030.
With continuous improvements in the Holo network, we can say that 2022 is a good year for HOT. For this reason, the bullish price prediction of Holo (HOT) in 2022 is $0.007273. On the other hand, the bearish price prediction of Holo (HOT) price prediction for 2022 is $0.001808.
Furthermore, with the advancements and upgrades to the Holo ecosystem, the performance of HOT would help to reach above its current all-time high (ATH) of $0.03126682 very soon. But, it might also reach $0.01 if the investors believe that HOT is a good investment in 2022.
1. What is Holo (HOT)?
Holo (HOT) is an Ethereum token that is used to power Holo, a decentralzsed peer-to-peer hosting platform for Holochain apps (hApps). HOT tokens can be earned by users who host hApps on their personal computers.
2. Where can you purchase Holo (HOT)?
Holo(HOT) (HOT) has been listed on many crypto exchanges which include Binance, FMFW.io, DigiFinex, MEXC,Gate.io.
3. Will Holo (HOT) reach a new ATH soon?
With the ongoing developments and upgrades within the Holo platform, HOT has a high possibility of reaching its ATH soon
4. What is the current all-time high (ATH) of Holo (HOT)?
On April 05, 2021 Holo (HOT) reached its new all-time high (ATH) of $0.03126682.
5.Is Holo (HOT) a good investment in 2022?
Holo (HOT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Holo in the past few months, HOT is considered a good investment in 2022.
6. Can Holo (HOT) reach $0.01?
Holo (HOT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Holo (HOT) will hit $0.01 soon.
7. What will be Holo (HOT) price by 2023?
Holo (HOT) price is expected to reach $0.02 by 2023.
8. What will be Holo (HOT) price by 2024?
Holo (HOT)price is expected to reach $0.03 by 2024.
9. What will be Holo (HOT) price by 2025?
Holo (HOT) price is expected to reach $0.04 by 2025.
10. What will be Holo (HOT) price by 2026?
Holo (HOT) price is expected to reach $0.05 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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The crypto market has extended its losses over the past week, as it continues to gain downside momentum. Main cryptocurrencies in the top 10 by market cap are trading in the red with very few preserving some of their gains from last week.
At the time of writing, the crypto total market cap stands at $1.09 trillion with a 2% loss in the 4-hour chart. The sector was rejected at the $1.2 trillion resistance and seems on track to slate more losses in the short term.
Analyst Justin Bennett believes the sector could trend lower if it breaks below support at $760 billion. As seen below, the crypto total market cap has been moving in a channel for over 4 years.
Every time the total market cap touches the top of this channel, cryptocurrencies trend lower. At the time of writing, the sector is a major crossroads and could attempt to re-test support at around $300 billion if downside pressure extends. The analyst said:
Is another 65% drop in the cards for crypto? Don’t rule it out. $760B will continue to be significant for TOTAL. But if that breaks, a retest of this multi-year channel at $370B seems likely.
There are several factors that could contribute to selling pressure across multiple timeframes. Today, the U.S. Federal Reserve (Fed) will speak about the current macro-economic outlook. Depending on the statements from the financial institution’s official, digital assets could experience some relief.
Last week, the U.S. published its Consumer Price Index (CPI) print for July, a metric used to measure inflation in the U.S. dollar. The metric has been trending down and could provide some room for the Fed to ease up on its monetary policy.
Today should provide more clues on the direction the financial took might adopt. At the same time, the crypto market could see an increase in volatility.
What Could Push Crypto Lower
In addition, Bennett noted that the S&P 500 Index is “mimicking” its 2008 crash. At that time, one of the worst crises in recent history pushed the legacy financial system to the brink of collapse.
Bennett believes equities might be moving similarly to 2008 which hints at further losses for risk-on assets, such as cryptocurrencies. As seen below, the S&P 500 might record some gains before moving into its 2008 lows.
In that sense, Bennett said that the bottom “is not if for stock or crypto” while he contemplates the possibility of a “devasting crash” in the nascent asset class. The analyst added:
And if that doesn’t seem possible, know that the S&P dropped 50% during the 2000 crash and 57% in 2008. The Fed was also in a MUCH better position to step in and save markets during both of those crashes.
Still, larger cryptocurrencies such as Bitcoin and Ethereum have been able to sustain key support levels despite macroeconomic conditions. The latter might pull back on its negative effects on digital assets if the Fed pivots its approach to combat inflation with a less aggressive strategy.
Vitalik Buterin was one of the founders of the Ethereum blockchain.
Vitalik wrote Ethereum’s white paper at the age of 19.
Vitalik Buterin is not an unfamiliar name in the global crypto scenario. He is one of the masters behind the open-source blockchain technology, Ethereum. The massive adoption of the platform’s native cryptocurrency, ETH, created the name ‘Vitalik’ popular in the crypto world. Currently, Ethereum (ETH) is the most prominent coin and leader in the market following Bitcoin (BTC).
Vitalik Buterin is commonly known as Ethereum’s co-founder. But there are numerous interesting facts about the young crypto billionaire that may be unknown to most people.
Know the Man Behind Ethereum
Vitalik was born in Russia in January 1994. When he was six years old, his parents left Russia and migrated to Canada, in search of better job possibilities. During his school days, he developed an interest in mathematics, programming, and economics. Vitalik immediately understood that his unique abilities and skills made him somewhat of an outcast among his friends and even teachers while in the program.
At the age of 17, Buterin learned about Bitcoin from his father, that was the turning point in his life. His Bitcoin obsession and purpose of BTC earning forced him to attend numerous crypto projects. Buterin started writing for a publication named ‘Bitcoin Weekly’ in 2011, to earn the coin. In the same year, he co-founded the publication named ‘Bitcoin Magazine’, which started printing in 2012.
The concept for Ethereum was born after meeting some Bitcoin developers on his travels and learning about the currency’s numerous restrictions. Before the project’s launch, the introductory paper was published by Buterin in 2013. He wrote a white paper for Ethereum, at the age of 19.
Vitalik got the name Ethereum from the word, ‘Ether’ after browsing Wikipedia, T scientists believed ether was a substance that is transparent, weightless, frictionless, undetectable chemically or physically, spreading through all matter and space.
Ethereum is currently underway for a new upgrade called Ethereum 2.0 to increase transactions per second.
Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue.
Chainlink price outlines bearish strides
LINK/USD pair key support spotted at $8.54
Pair resistance seen at $9.26
The LINK/USD pair price slips on a downtrend as seen overnight which has been predictable overall.
More so, the market also suffers a loss of 4.80% as seen in the past 24 hours and currently faces key resistance at $9.26. For now, LINK price appears to be extremely bearish with key support seen at $8.54.
LINK Price Sheds 1.83%
The daily chart reveals that the LINK/USD pair has suffered a massive decline as seen in the past 24hours. The plunge of LINK has been consistent with its bearish stance.
According toCoinMarketCap, LINK price has been down by 1.83% or trading at $8.51 as of this writing. It seems to have fallen from its support line of $8.54.
The current trading volume is down by 24.51% or at $363,041,655 with the market cap at $4 billion. Apparently, LINK price has been circling the $8 mark as seen since Sunday.
Judging by the daily price chart, the LINK/USD pair is seen to be immensely bearish for the past few hours with the MACD lingering in the bearish zone.
RSI for LINK is spotted at 42.09 and is stepping into the oversold zone which signals that market could go down further.
To date, the 50-day moving average is present at $10.48 while the 200-day moving average is hovering at $12.19 signaling that the market is having a marked decline.
Chart from TradingView.com
Chainlink MACD Line Hints At Further Retreat
The 4-hour price analysis is showing a bearish flag pattern signaling that the market is deflating further.
The LINK/USD pair is seen trading from $8.54 to $9.26, facing key resistance at $9.26 as seen in the past few hours.
The MACD line hovers above the signal line which indicates that the market could plunge further. Current RSI is below the 50 range which signifies a bearish trend.
More so, the 50-day and 200-day moving average are both falling flat and going under the current market price hinting that the market is suffering a massive downshift.
Chainlink price is showing an overall bearish momentum in the short term but would most likely nosedive with the key resistance stick at $9.26.
The market may expect some upward trend if the bulls can break past the key resistance level.
LINK total market cap at $3.8 billion on the daily chart | Source: TradingView.com
Featured image from Medium, Chart from TradingView.com
The World’s Largest Blockchain & Crypto Conferences network, Blockchain Economy Summit has just closed the previous chapter in Istanbul – Türkiye with more than 3,000 utterly satisfied participants from 82 countries all over the world. KuCoin, Gate.io, Bitget, BitMex, XT.com, OKX, Uphold were just some of the sponsors of this phenomenal blockchain event. Turkish pop-star Emre Aydın, Microstrategy’s Michael Saylor, Ukrainian Deputy Minister of Digital Transformation Alex Bornyakov, famous Turkish film and television star Engin Altan Düzyatan, famous entrepreneur and investor Carl Runefelt, aka the Moon, Davinci Jeremie and many more have shared their thoughts on Main stage for 2 days of Blockchain Economy Istanbul Summit.
Next edition of the World’s flagship blockchain & crypto event is scheduled for October 4-5, 2022 in Dubai, UAE. The excitement of this Exclusive Summit began to be heard by its fans already. It’s completely normal while this event is great for those who want to learn more about the crypto industry, seek new perspectives in business networks. The event will take place in Le Meridien Dubai Hotel & Conference Centre in Dubai. “Dubai has a great potential in terms of regulating crypto platforms, crypto assets and its usage. This is precisely why we want to attract global players and new startups to Dubai.” says Event’s Project Manager Servi Aman. Statistics show that Dubai is now gearing up to become a global hub for this promising crypto market. Big crypto exchanges like FTX, last valued at $32 billion, are setting up an office in Dubai.
The top topics of the upcoming Blockchain Economy Dubai Summit seem to be Bitcoin, Web 3, NFTs, Metaverse, De-Fi, mining, regulation of cryptocurrencies,investing and trading on cryptocurrencies, the implementation of blockchain technology in businesses and government, and much more. The expected attendance for the 5-th edition of Blockchain Economy Summit is 3,000 from more than 60 countries. Further information is available on the summit website: https://beconomydubai.com/
Name: Blockchain Economy Dubai Summit
Date: October 4-5, 2022
Venue: Le Meridien Dubai Hotel & Conference Centre, Dubai, UAE
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion of the industry. Then came the float of several decentralized protocols, NFT projects, applications, exchanges, and other products that distinguish the space.
As the crypto space makes more advancements through impressive innovative technologies, more people are trooping into the space. While the high volatility of the assets may be a disadvantage to many participants, not everyone is backing out because of it.
The growth and attraction of the crypto space are getting more intense despite its bearish market. The extreme crypto winter in 2022 gave a devastating blow to many companies that some had to reduce their employees’ strength. But such incidents are not discouraging finance executives from plunging into a crypto career.
A recent report indicates that 21Shares, a European crypto exchange-traded fund provider, is hiring new staff. The firm announced on Wednesday that its three primary recruitment is to support its expansion vision in different countries. It plans to establish offices in Germany, the United Arab Emirates, and France.
21Shares hired Marina Baudéan as its new head of France, Belgium, and Luxembourg. Baudéan had worked at Barclays, a British universal bank, for over 15 years. Her new position in 21shares marks her debut in the crypto career.
While expressing her confidence in digital assets, Baudéan maintained that cryptocurrency gives a representation of the technology for the next generation. Furthermore, she mentioned that crypto assets will always survive despite market volatility and other factors.
Baudéan reflected on the numerous technological advancements and transformations she witnessed in her career. Hence, she stated cryptocurrency at this stage has no connection with the digital trading pattern in the early times.
Also, Oliver Schäfer is now the new head of Germany for 21Shares. Schäfer has a solid background in traditional finance, having gathered long-time experience working in several financial firms.
Also, Schäfer had worked at JPMorgan, an American investment bank, for over 15 years. His last position at the bank was as the former executive director.
Newly Hired Executive Highlights Long-Term Crypto Opportunity As The Focus
Reacting to his new position at 21Shares, Schäfer said that crypto is more attractive with increasing growth in the space.
So, he expressed his excitement in joining the crypto career while mentioning his focus is more on long-term opportunities. Schäfer disclosed that 2020 marked his first cryptocurrency investment. However, his interest is growing due to the increasing technology and developments in the industry.
Additional, the former head of asset management of Al Mai Asset Management, Sheriff El-Haddad, is now with 12Shares. El-Haddad is currently working as head of the Middle East for 21Shares.
The new hiring by 21Shares indicates that crypto jobs are still attractive despite its recently bearish trend. Similar recruitment moves were made by Binance and FTX crypto firms during the bearish market trend.
Featured Image From Pixabay and chart from TradingView.com