Analysis Crypto by Thebittimes.Com

The popular Ethereum (ETH)-focused crypto wallet MetaMask is announcing plans to launch its very own stablecoin. In a new thread on X, MetaMask announces that, in collaboration with the payments platform Stripe and the stablecoin minter M0, it will launch MetaMask USD (mUSD) sometime later this year, although a specific date was not provided. This marks the first time a crypto wallet has rolled out its own dollar-pegged crypto asset. “Today, we’re announcing MetaMask USD (mUSD) – MetaMask’s native stablecoin. MetaMask is the first self custodial wallet to launch a stablecoin, and we have big plans for it. Built with Bridge, a Stripe company, and M0, a stablecoin platform, MetaMask USD will be a very important part of MetaMask. MetaMask USD will support on-ramps, swaps, and bridging, offer a dollar-denominated experience for holding, spending, and transacting, and soon be spendable via the MetaMask card at millions of Mastercard merchants.”...

Join Our Telegram channel to stay up to date on breaking news coverage It is not unusual for cryptocurrency investors to come across projects that give massive returns. This had exactly been what a majority of them experienced during the 2021 bull run. But since the crash, things have not been as great for the investors, or the projects themselves. While cryptocurrencies surely plunged in value, another major blockchain category that was affected largely was the NFT industry. NFTs or Non-Fungible Tokens have been a critical topic among investors and major financial institutions. While the potential of these assets cannot be predicted accurately yet, it is evident that the industry has been thriving once again, despite the current crypto winter. Surely, a huge number of projects haven’t been able to sustain their operations and had to close shop. However, some projects have been using this opportunity to launch their newest collections and build powerful infrastructure for...

Join Our Telegram channel to stay up to date on breaking news coverage The bearish market season is still ongoing. Nevertheless, some coins have been outperforming others well, while certain coins are also displaying indications of a shift in the market’s downward trend . This demonstrates that as they increase their orders in demand zones, the majority of bulls are starting to feel more optimistic. Among the coins with potential profits are Loopring and Axie Infinity. As the SMA indicator signaled bullish, LRC/USD engulfed more than twenty daily bearish candlesticks in just one day. This reveals the intention of the bulls to squeeze the bears out of the market. Axie Infinity now recuperates from the oversold region. The liquidity void appears to be the first exit for the bull. Loopring (LRC/USD) The market’s overall trend has been bearish since April 2022. Amidst the bears’ dominance, the bulls strived to drive the market upward within an ascending chan...

Join Our Telegram channel to stay up to date on breaking news coverage FTX token price prediction  remains bearish as FTT could not break its previous session’s losing streak. FTT drew some additional offers around the $24 mark due to the numerous negative news stories negatively impacting investors’ moods, causing many cryptocurrencies to suffer. The FTX coin had been performing well in recent sessions, aided by an upbeat crypto market . FTT, the native token for the FTX exchange, had gained 2.5% yesterday and was trading at the $26.19 level. FTT was up 15% over the past week. Although the gains were short-lived or temporary as the prices of FTT, the native token for the FTX exchange dropped from the $26 to $25 level. However, the reason for its current bearish rally could be attributed to the recent US Fed rate hike, which left a negative impact on the entire crypto market. FTX Token Price Prediction & Tokenomics The current live FTX Token price is $25....

Join Our Telegram channel to stay up to date on breaking news coverage API3 (API3) Price Prediction – November 3 As of the moment of writing these analytics, the API3 trade activity tempts mooning versus the purchasing power of the US Dollar. Buying and selling in the crypto trade have high and low-value lines between $2.41 and $1.86 at an average rate of 13.69 percent positive. API3/USD Market Key Levels: Resistance levels: $2.50, $3, $3.50 Support levels: $1.50, $1, $0.50 API3/USD – Daily Chart The API3/USD daily chart showcases the crypto trade tempts mooning after breaking past the trend lines of the SMAs recently. The horizontal line is drawn beneath the trading indicators, marking a point around the $1.42 level to showcase the spot from which the price has kept upward over time. The 14-day SMA indicator is around $1.7327, below the $1.8062 value line of the 50-day SMA indicator. The Stochastic Oscillators are trying to cross back northbound against t...

Join Our Telegram channel to stay up to date on breaking news coverage As market sentiment turns bullish, fan tokens have been rallying with the FIFA World Cup edging near. Chiliz (CHZ), the native token behind the Socios platform, has rallied by more than 15% over the past week amid growing demand for the token. The trading volumes for these fan tokens have also increased. Fan token volumes surge A market report by Kaiko said that the trading volumes for the five largest fan tokens by market capitalization had increased significantly. These volumes are now significantly high than the summer lows. One of the reasons these fan tokens have increased in volumes is because of the start of the regular season for most teams. Fan tokens have become quite popular in the web 3.0 & crypto sector as they help boost interaction between fans and their favorite teams. The holders of these tokens get access to explosive benefits such as votes and prizes. In August, fan tokens report...

Join Our Telegram channel to stay up to date on breaking news coverage Whilst the bear market season hasn’t ended, some coins have been performing well for weeks now. Some coins are also showing signs of change in the market trend to the upside. This shows that most bulls are beginning to have their hopes raised as they build up orders in demand zones. Dogecoin has had a quick rally in the past few days, with over 100% returns made in less than one week. Dogecoin continues to rally as it keeps breaking market structure to the upside. Following the bullish divergence on Waves’ daily chart, the bulls stormed the market and never ceased to open more long positions. Dogecoin (DOGE/USD) The market&rsquo ;s downtrend ended in June 2022 when prices hit the $0.050 demand zone. Following the rebuff at the $0.090 supply zone, DOGE/USD fell, but only to consolidate within a range. The Relative Strength Index (RSI) indicator reveals that the market is currently in an overbo...