Analysis Crypto by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Crypto staking can be a complex and time-consuming process, and this deters many potential users from adopting it. Making staking more user-friendly would encourage more people to get involved, which would, in turn, benefit the whole cryptocurrency community. The Oryen Network has reportedly teamed up with Shiba Inu developers to make staking more accessible and simple for users. ORY is an auto-staking platform that provides users with instant rewards. It is currently in the fifth phase of its presale, and the network has raised over $1 million so far. What is the Oryen Network? Oryen is a decentralized network that allows anyone to earn rewards for holding and staking their ORY token. The network is built on the Binance Smart Chain. It is reportedly set to launch its own lottery and an NFT system to increase its utility further and make it more accessible among crypto enthusiasts. ORY has one of the fa...

Join Our Telegram channel to stay up to date on breaking news coverage The demise of FTX has affected not only the retail traders and the investors on the exchange but also other crypto companies. BlockFi recently filed for Chapter 11 bankruptcy, saying that exposure to FTX had caused a liquidity crisis. However, the CEO of OpenSea, believes that FTX’s bankruptcy is an opportunity to build trust and focus on decentralization. OpenSea CEO says there is an opportunity in FTX’s demise The CEO of the largest non-fungible token (NFT) marketplace, Devin Finzer, has said that FTX’s demise was a “tragic event” and a major setback for the crypto industry. However, OpenSea did not have exposure to either FTX or Alameda. Finzer sees the downfall of what was once one of the largest exchanges as an opportunity for the crypto industry to rebuild by focusing on trust and supporting decentralization. “I think for the broader crypto ecosystem, and NFTs in pa...

Join Our Telegram channel to stay up to date on breaking news coverage Despite the ongoing crisis in the cryptocurrency market, the ETH price prediction remains bullish as the token managed to recover slightly on the day. This was witnessed after the world’s most valuable cryptocurrency, Bitcoin (BTC), managed to stay above $16,600 early Wednesday morning. The global crypto market cap stood at $826.96 billion, registering a 24-hour gain of over 2%. Therefore, the upbeat crypto market was a key factor that helped the ETH prices stay bid. The current price of Ethereum is $1,268, with a 24-hour trading volume of $8 billion In the previous 24 hours, Ethereum has gained 5.5%. Ethereum is now ranked second in the market, with a live market cap of $155 billion. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.   On the negative node, the increase in COVID-19 cases in China has resulted in tight lockdown regulations in certain areas of the countr...

Join Our Telegram channel to stay up to date on breaking news coverage Lucky Block is the latest entrant in the online gambling industry. Backed by its native token LBLOCK, the platform is entering the space just at the right time when the football frenzy is at its height. The online betting industry was valued at $58 billion in 2021 and is only expected to grow from here as the metaverse explores various ways for sports fans to interact with their favorite sports. With Lucky Block already gaining a lot of traction in its initial months after its launch, the Casino and Sportsbook can be a game-changer for the platform which has already secured sponsorships from boxers like Dillian Whyte, Florian Marku, and Savannah Marshall. The Lucky Block Casino & Sportsbook The crypto-powered LBLOCK casino and sportsbook launches today. This comes amidst an exciting time as the crypto world is ripe with the right experiences and gaming is one of the most important aspects spearheading...

Top Cryptocurrency News today includes Huobi's HT token price jump, Justin Sun's involvement in the first nation-backed cryptocurrecy, and a slight rally in the cryptocurrency markets. At the same time as the wider markets rally, some crypto presales are gaining huge attention from investors as well, raising millions of dollars even in overall tepid market conditions. More on this below. The HT token price has increased by 15% over the last day due to Huobi's announcement that they will be airdropping the Dominica coin (DMC). This new digital token will be issued by the Caribbean island nation of Dominica and can be used to complete identity verification on Huobi with Dominica digital identification documents. Meanwhile, the cryptocurrency markets recovered slightly from Monday's mild downturn, with BTC trading up 1.4% to $16,466 on the day, ETH gaining 4.1% to $1,219, and most other crypto assets also in the green. The global crypto market cap sits...

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC is having a bullish day as the king coin moves to cross above the moving averages. Bitcoin Prediction Statistics Data: Bitcoin price now – $16,480 Bitcoin market cap – $316.49 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $20,000, $22,000, $24,000 Support Levels: $13,000, $11,000, $9,000 BTC/USD bulls are trying to push the coin above the resistance level of $16,500 as the pair could start a decent increase if it clears the $16,500 resistance zone. However, the Bitcoin price could move with strong bullish momentum after a sustainable break above an important resistance level. Bitcoin Price Prediction: Bitcoin (BTC) Would Move to the Upside According to the daily chart, the...

The Dogecoin bulls regained control on Tuesday, sending DOGE/USD back above the cents level. The world’s most popular meme-inspired cryptocurrency was last trading higher by a little over 5.5% on the day, according to TradingView, unwinding all of Monday’s 3.5% loss. Tuesday’s turnaround comes as Dogecoin is lifted by broad cryptocurrency market upside, which comes despite further losses in stock markets on the day. Dogecoin is now trading more than 35% higher versus its levels one week ahead not far above $0.07. Indeed, Dogecoin price predictions have become more bullish in light of the cryptocurrency finding support at its 100- and 200-Day Moving Averages (currently both around $0.073) for a second time in November. A surge in Dogecoin in early November amid hype that Elon Musk might integrate the cryptocurrency into a future Twitter payments system has seen DOGE/USD break decisively and lastingly above its 200DMA for the first time since Septembe...