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Ethereum Surges 15%, Why ETH Could Climb Above $1,700

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Ethereum started a strong increase above the $1,600 level against the US Dollar. ETH is up over 15% and might even clear the $1,700 resistance zone.

  • Ethereum started a major increase above the $1,550 and $1,600 levels.
  • The price is now trading above $1,600 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $1,450 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to rise if there is a clear move above the $1,675 level.

Ethereum Price Jumps Above $1,600

Ethereum formed a base above the $1,400 level and started a major increase. ETH was able to clear a few key hurdles near the $1,500 and $1,550 levels.

The price jumped over 15% and even surpassed the $1,600 level. There was a break above a key bearish trend line with resistance near $1,450 on the hourly chart of ETH/USD. The pair climbed sharply and surpassed the 76.4% Fib retracement level of the downward move from the $1,663 swing high to $1,357 low.

It even broke the $1,650 level and now trading near the $1,660 zone. Ether price is now trading above $1,600 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,675 level. The first major resistance is near the $1,700 zone.

Source: ETHUSD on

The main resistance is now forming near the $1,735 zone. It is near the 1.236 Fib extension level of the downward move from the $1,663 swing high to $1,357 low. A clear move above the $1,735 level could push the price further higher. In the stated case, the price may perhaps rise towards the $1,800 resistance zone.

Dips Supported in ETH?

If ethereum fails to rise above the $1,675 resistance, it could start a downside correction. An initial support on the downside is near the $1,620 zone.

A clear move below the $1,620 support might spark a move towards the $1,580 level. Any more losses might even push the price to the $1,510 support or even the 100 hourly simple moving average in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now in the overbought zone.

Major Support Level – $1,620

Major Resistance Level – $1,675



Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time

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Bitcoin NUPL data suggests that the crypto’s cycles are getting less sharper with time as profit tops and loss bottoms aren’t following a horizontal line.

Bitcoin NUPL Didn’t Exceed The 0.75 “Greed” Mark During This Cycle

As explained by an analyst in a CryptoQuant post, the BTC profit and loss cycles shouldn’t be treated with horizontal lines.

The “Net Unrealized Profit and Loss” (or the NUPL in brief) is an indicator that tells us whether the market as a whole is holding a net profit or a net loss right now.

The metric’s value is calculated by taking the difference between the market cap and the realized cap, and dividing it by the market cap.

NUPL = (Market Cap – Realized Cap) ÷ Market Cap

When the value of this indicator is greater than zero, it means the average investor is currently holding some profits.

On the other hand, negative NUPL values imply the overall market is holding a net amount of unrealized loss at the moment.

Now, here is a chart that shows the trend in the Bitcoin NUPL over the course of the history of the crypto:

Looks like the value of the metric has surged up and turned positive again recently | Source: CryptoQuant

As you can see in the above graph, the quant has marked the relevant zones of trend for the Bitcoin NUPL indicator.

In the past, many traders used to believe that cycle tops form whenever the metric’s value surges above 0.75, entering into the “greed” zone.

Similarly, bottoms were thought to take place when the indicator went below the -0.4 mark, reaching into the “fear” region.

However, the analyst from the post argues that horizontal lines like these shouldn’t be used to mark these cycle tops and bottoms.

During the previous two cycles, the top that came after was lower than the one before. In the current cycle, the metric never crossed into the greed zone and topped out just around the 0.75 level. This could mean that tops are getting lower and lower with each cycle.

Similarly, the last two bottoms also had descending loss amounts. Just a while ago, the NUPL’s value sharply dropped off into negative and subsequently rebounded back up into positive values after forming a potential bottom. However, this low was far from the conventional 0.4 mark.

If this low was truly the bottom for this cycle, then it would add further credence to the idea that profit and loss fluctuations in the market are getting less drastic with time.

BTC Price

At the time of writing, Bitcoin’s price floats around $24.4k, up 5% in the past week.

Bitcoin Price Chart

The value of the crypto seems to have been moving sideways recently | Source: BTCUSD on TradingView
Featured image from Kanchanara on, charts from,
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Present Scenario of Cryptocurrency and Blockchain in the Region of Africa

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Establishment Of Bitdao’s Layer 1 (L1) Proposed By Bitdao Development Team Headed By Bybit

When it comes to digital currency, Africa is still the biggest region to conquer. Even if there is a great deal of uncertainty around cryptocurrency and its technology, the area still has a financial imbalance. Though the task is far from done, Jelurida Africa has laid the groundwork for a more positive story to emerge from the continent.

The Beginning

It may seem simple on paper for cryptocurrencies to explode in popularity throughout Africa. It’s a game-changer because it prevents inflation, sidesteps regulations, and gives people unprecedented authority over their own financial futures. Things aren’t quite as basic as you make them out to be. To introduce cryptocurrency to the people of Africa, substantial effort must be done, beginning with addressing the regulatory element.

In 2019, Jelurida Africa was established as a bridge between the government and private sector in Nigeria. The goal of this organization is to disseminate information and provide advice on blockchain-based solutions. Bitcoin’s popularity in Nigeria has made the nation an intriguing market for cryptocurrencies. That’s why it made sense to launch a continent-wide educational initiative from that part of Africa.

Now that it’s been around for a while, the project has gained traction and spread to other nations, and blockchain technology has become more popular. There are a variety of potential uses for the technology behind bitcoin and other cryptocurrencies, from government officials to fintech developers. This involves putting an emphasis on education to provide practical experience with this cutting-edge technology via hackathons, media-coordinated events, and other activities.

The Significance of East Africa

East Africa is a key region for Jelurida Africa as blockchain and cryptocurrency education continues to grow in popularity. They may try to expand further in Africa, but for the time being, West Africa has just Nigeria as a “stronghold.” Jelurida has also been introduced to Rwanda, Ghana, Kenya, and Tanzania as a result of the company’s growth into East Africa. Establishing strong communities and aiding in regulatory frameworks is a continuing task, and all of these nations play a crucial part in the development of crypto and blockchain on the African continent.

The East Africa Blockchain Expedition in October 2021 helped solidify the company’s foothold in the region. The group spread awareness of blockchain technology and the advantages of crypto among local authorities and lawmakers. Ethiopia, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, and Zimbabwe were all covered during the 2021 Expedition.

Adebayo Adebajo, the Managing Director of Jelurida Africa, stated:

“Some countries operate a closed system such as Ethiopia, and some are xenophobic such as South Africa. Some countries are also fully against Cryptocurrency and all related activities, such as Zimbabwe among others. The challenges are related to acceptance from the government and also ease of entry into most of these countries even as a fellow African.”

It may seem that Jelurida Africa is the sole big player exploring humanity’s birthplace, but that’s not really the case. Emurgo Africa is an ongoing investment initiative established by Emurgo. Given that Africa is now home to a slew of successful fintech innovators and cutting-edge financial innovations, it only seems sensible to showcase the potential of distributed ledgers.

Keeping Going With the Critical Mission

Bringing blockchain and cryptocurrencies to Africa still requires a lot of prep work. There is surprisingly a shortage of developers throughout the continent, but that might be fixed by bringing in professionals from outside. The major focus is on achieving the project’s objectives and milestones, and the success of these endeavors will definitely encourage more people to start developing and using these tools.

The Central African Republic’s recent decision to recognize bitcoin as legal cash is still quite fascinating. It sets an example that other nations may follow, and Mr. Adebajo is certain that other governments are already contemplating this course of action. This doesn’t rule out the possibility of them issuing their own cryptocurrency similar to the Sango Coin in the Central African Republic, but it’s more probable that they’ll focus on Bitcoin at first.

Before the end of 2022, Jelurida Africa will participate in a Pan African Hackathon and introduce prototype solutions designed specifically for the continent’s residents.

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Polygon Team Reports Apps On The Network Surge By 400%

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Polygon Team Reports Apps On The Network Surge By 400%

While the crypto market remains in its winter, some other sectors in the industry are experiencing a steady rise, one of the prominent examples of these sectors is the operational teams in the Polygon network.

As of March this year, its total monthly active teams were around 8,000. However, recent data shows that the current monthly active teams for the network as of last month are about 11,800.

Meanwhile, the DApps (decentralized applications) on Polygon, the Ethereum scaling platform, has also attained a new high. Based on recent data, the total number of decentralized applications on the blockchain is now 37,000. This figure projects a 400% increase from the beginning of this year.

The blockchain team revealed this through a blog post on Wednesday. Sources stated that the information originated from Alchemy, a partnered web3 development company. The data provides the total number of applications the blockchain has launched on the mainnet and testnet.

According to the information, the number of active teams on the blockchain has hit 11,800. This figure shows a 47.5% increase in the last four weeks, dating from the end of July.

Reports On Polygon DApps

Reports from the project team cited an interruption regarding decentralized applications. The integrated teams on the polygon blockchain alone were 74%. On the other hand, those deployed on the blockchain and Ethereum were 26%.

Furthermore, the proof-of-stake blockchain is renowned for hosting decentralized applications from several notable projects.

These projects include Decentraland, The Sandbox of the Metaverse platform, and NFT marketplace OpenSea. Others include Animoca Brands, an NFT venture gaming/fund company, and Aave, a DeFi lending platform.

The reports indicate that the blockchain carries out its hosting tasks through its EVM (Ethereum Virtual Machine).

Moreover, over 142 million addresses are attached to the decentralized applications used on the Polygon blockchain. These are more pieces of information drawn from the blog post.

According to the post, these unique user addresses contain up to $5 billion worth of assets secured on the network. Additionally, about 1.6 billion transactions are already carried out on the blockchain.

Ryan Wyatt, the CEO of Polygon, has expressed how excited he is about the growth. He revealed this on a Twitter post, noting that the team is experiencing a good year at the company.

MATIC’s price trends downwards on the chart. Source: MATICUSDT Tradingview

The Polygon team announced the primary cause of the growth of the decentralized applications earlier this year. They acknowledged that their partnership with the web3 development platform, Alchemy was what facilitated the growth of the DApps.

They added that the partnership made it easy for the Polygon developers to build decentralized applications.

Featured image from Forbes, Chart from

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Accelerator Program For Dapps Creation on its AI Layer 1 Ecosystem Announced by Oraichain

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Accelerator Program For Dapps Creation On Its Ai Layer 1 Ecosystem Announced By Oraichain

The “Oraichain for DApps Accelerator Program” was recently introduced by Oraichain, the first global AI Layer 1 for Data Economy and Oracle Services, with the stated goal of facilitating rapid growth inside the network’s cutting-edge AI Layer 1 infrastructure. Oraichain Mainnet 2.0 (also known as AI Layer 1) is the target of this initiative, which is designed to help ambitious developers create decentralized apps that make use of the network’s extensive data and AI modular library.

The recent Oraichain Hackathon 2022’s overwhelming success demonstrated that Oraichain’s infrastructure is ready to handle a wide variety of dApps looking to make use of its blockchain-based AI technology. This has led to the creation of the Oraichain for DApps Accelerator Program, which aims to help startups and developers create AI-powered DApps on top of Oraichain’s high-throughput, interoperable, and secure AI Layer 1.

Those projects who are selected for the program will have a great opportunity to get access to Oraichain’s talent pool and technical experience, as well as other forms of assistance. In the meanwhile, the Oraichain advisory board will provide advice on improving technological aspects, creating effective business models, and planning future moves. In addition, Oraichain will connect chosen DApp developers to its vast ecosystem of relevant partners, where they may discover chances for development assistance.

Any AI or blockchain development team that wants to leverage Oraichain’s infrastructure and ecosystem, or enhance it with new modules, is welcome to apply to the program. Applicants should work on boosting Oraichain’s reputation as a leader in the decentralized application (dApp) space and improving the infrastructure ecosystem’s overall usefulness.

There will be three stages of vetting for the applicants. The first stage, lasting about a month, is dedicated to analyzing and evaluating the viability of their proposals, as well as their potential for significant positive social effect. In phase two, project supporters will meet in person with Oraichain’s advisory board to present and fine-tune their implementation strategy. Phase three, for those who make the cut, is all about carrying out the plan, and it might span anywhere from a month to three years. Teams will now undertake the rigorous process of bringing their dApps to existence. Oraichain will keep a careful eye on the project’s growth and progress throughout this time.

As of this writing, Oraichain has accepted four projects into its Oraichain for DApps Accelerator Program. This includes three of the finalists from the Oraichain Hackathon 2022 plus another team from the United States. Oraichain’s AI infrastructure will be used by a Cosmos-based financing platform, a healthcare data platform with a focus on privacy, and an asset tokenization platform.

The Oraichain for DApps Accelerator Program welcomes developers to submit applications using this form. Their written proposal should include the project’s goals and value, its planned usage of the Oraichain ecosystem, the resources it needs from the Oraichain network, and its projected timeline.

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Here’s A List of Trusted Non-GamStop Casinos In The UK

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Here’s A List Of Trusted Non-Gamstop Casinos In The Uk

The idea of GamStop was borne out of the need to help people who have trouble controlling their gambling impulses. It has a self-exclusion policy that gamblers can sign into that prevents them from using registered casinos and gambling sites to aid in kicking the habit. However, when it comes to GamStop, the problem starts when users wish to begin better again but circumventing GamStop can prove to be a hassle due to how long it takes to gamble.

Given this, the need for registered and reputable casinos in the UK which are not registered for GamStop has grown. These casinos allow a user to continue to place bets while waiting for GamStop to remove the block after they ask for it. The GamStop block runs indefinitely until this block is requested and removed. So having other options to place wagers even with a self-exclusion block has become important.

Non-GamStop Casinos

There are top casinos in the UK that offer the same quality of online games that users have grown to love, but they do not appear under GamStop. These sites are usually very easy to access, and depositing funds into them is a smooth process. Casinos that do not appear under the not-for-profit GamStop will let you access your account even after applying for self-exclusion, while casinos under GamStop will not allow you to do so.

These non-GamStop casinos are not worse in any way, nor do they provide lower-quality games. The games are just as good and even better in most cases for non-GamStop casinos. So here is a list of the top casinos in the UK that are non-GamStop to enjoy the betting experience.


MyStake is an online casino that allows you to place wagers across a variety of games. These range from the beloved classic slots to e-sports betting; MyStake has it all. Every single online game that allows a user to play a wager is available on the platform.

MyStake is a registered and reputable casino that has a gaming license from Curacao and operates from Cyprus. There are over 4,500 games to wager on, with hundreds of game titles available. MyStake has grown in popularity among gamblers as being a reliable, non-GamStop casino.


Another good online casino not on GamStop is BetNow. This platform gives users a low rollover on their bonuses with a number of daily contests and bonuses to keep users engaged and entertained on the site. It carries very competitive odds for popular and lesser-known game titles, as well as slot games and futures betting.

Another standout thing about BetNow is how it brings the casino table game experience to the online world. There is Blackjack, craps, roulette, and even Hoo Hey How, which caters to a variety of palettes. Card lovers will feel right at home with BetNow.

Mr. Sloty

Another reputable non-GamStop casino is the famous Mr. Sloty. It has grown in popularity among casino players due to its fast and accurate payouts. There are sports betting, modern slots, and other fun casino games available to place wagers on.

Its user interface has also received a lot of praise from users, as it makes the process of getting higher deposit limits as easy as can be. Registration on Mr. Sloty is easy and straight to the point. They also offer a large number of deposit options, although it is worth noting that deposit limits are based on the method of deposits chosen.


BetFlip is a non-GamStop casino that draws a large user base of gamblers due to its high withdrawal limits. Unlike other casinos that usually limit users to the amount they can withdraw, BetFlip offers much higher withdrawal limits which are especially attractive for users who place large bets.

The platform offers game titles from oldies to modern and popular. Users can easily move from playing Blackjack to the slot machines and then on to playing for a big win at its jackpot games. It also offers welcome bonuses to new users, such as free slot spins. It boasts more than 15 payment methods available for users.

Tiger Gaming

Tiger Gaming enters the list as a veteran in the space. It has been in operation for more than two decades, and it is one of the oldest non-GamStop casinos still in operation in the UK. It has a Curacao gaming license and boasts a much higher approval rating compared to most on this list.

For many, it is a mystery how Tiger Gaming has remained relevant after all these years, but the platform looks to have user retention down to a science. It does this by allowing all users to be able to participate in bonuses, offering such a wide range of bonuses that even a full-time user would not be able to use all of the bonuses.

It offers wagers on sports and virtual games. These range from in-play and live gaming options. Its daily, weekly, and monthly options allow players to easily curate their experience on the platform for an entertaining time all around.


These are just some of the casinos not on GamStop in the UK. The services that these casinos offer to users have been shown to be necessary, and the experiences have left users wanting even more.

However, one thing to note is that cryptocurrencies have played a big role in the operations of these non-GamStop casinos. Since cryptocurrency transactions cannot be essentially stopped, a good number of these platforms have pivoted to crypto payments to provide faster and easier methods of deposits for their users.

One thing to note is that when using such platforms, paying attention to detail is essential. This comes down to knowing the terms and conditions of all platforms before interacting with them. Last but not least, exercise extreme caution when depositing money into online casinos.

Image by Thorsten Frenzel from Pixabay
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DeFi Protocol Acala Network Hacked of 1.2B AUSD Stablecoin

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Cybersecurity Specialist Robs $576,000 Worth Of Crypto From Client'S Wallet