Analysis Crypto by Thebittimes.Com

Source: TradingView The ethereum price has risen by 0.5% in the last 24 hours, slightly exceeding the wider cryptocurrency market's increase over the same period. At $1,215.91, its current price represents a 7.5% drop in a week and 6% gain in a month, with these movements coming at a time of ongoing instability for the market, which continues to be plagued by rising interest rates and fears surrounding the financial health of various trading platforms.  Despite the continued uncertainty, some analysts are confident that ethereum (ETH) will perform strongly when wider market conditions improve. In fact, yesterday saw Bloomberg analyst -- and noted bitcoin bull -- Mike McGlone predict that ETH is likely to out perform BTC during the next bull market, as suggested by its relative out perform ance of the original cryptocurrency since 2021. Ethereum Price Prediction as Bloomberg Analyst Expects ETH to Outperform BTC in the Next Bull Market – Time to Buy? ETH'...

The Filecoin price prediction shows that FIL is likely to cross above the 9-day and 21-day moving averages. Filecoin Prediction Statistics Data: Filecoin price now – $2.99 Filecoin market cap – $1 billion Filecoin circulating supply – 344.4 million Filecoin total supply – 344.4 million Filecoin Coinmarketcap ranking – #36 FIL/USD Market Key Levels: Resistance levels: $4.5, $5.0, $5.5 Support levels: $2.0, $1.5, $1.0 FILUSD – Daily Chart FIL/USD peaks at $3.11 today, after which the coin begins to consolidate within the channel. Meanwhile, the price not staying above $3.0 may ruin the long-term technical picture of the coin. However, Filecoin will have to cross above the 9-day moving average in other to guide against the downward pressure while the closest support expects the coin at $2.5, which could be a daily low. Filecoin Price Prediction: FIL/USD Likely to Hit $3.5 High At the time of writing, the Filecoin price is likely to trend ...

Join Our Telegram channel to stay up to date on breaking news coverage Snowfall Protocol (SNW) Is A Way Better Investment Than Dogecoin (DOGE) and Cardano (ADA) After Their dApp Announcement Has Been Made! It’s no secret that the cryptocurrency market is a volatile one. With prices constantly changing, it can be hard to decide which coins are worth investing in. Recently, Dogecoin (DOGE) and Cardano (ADA) have been struggling while Snowfall Protocol (SNW) has been progressing with their dApp announcements. Snowfall Protocol (SNW) is a much better investment than either of these two coins! This is because Snowfall Protocol (SNW) is the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. Their dApp enables users to swap assets across the most widely used EVM and non-EVM compatible chains quickly, securely, and with low fees. This is like how Santa connects children with their presents, but instead of providing children with their presents, Sn...

Join Our Telegram channel to stay up to date on breaking news coverage BinaryX (BNX) price flips bullishly strong amidst a cryptocurrency market engulfed in strong headwinds. The Metaverse token is up 22% on the day and is trading at $75.10. Trading volume across exchanges jumped by 416% to $41 million, reflecting growing interest among traders and investors. BinaryX ranks as the 110th crypto asset in the market, boasting $211 million in market capitalization. BinaryX Price Rallies on Improving Investor Sentiment Score BinaryX price retreated significantly due to rejection by increased selling pressure at $178 toward the end of November. The token fell like a dead weight in the air with no strong guards to keep bearish advances in check—the demand area at $49.00 allowed bulls to regain composure and fight to prevent further losses. Recovery commenced immediately after support was confirmed. A buy signal from the Moving Average Convergence Divergence (MACD) indicator...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Web3 platform Snapmuse.io recently introduced a novel approach that aims to leverage blockchain’s capabilities of offering “true ownership” to every participant. Snapmuse.io’s initiative lays the foundation for other Web3 startups to contribute towards rebalancing the one-sided ideology of Web2, where true engagement is yet to be defined. The platform uses non-fungible tokens (NFTs) to offer fans the opportunity to own a portion of their favorite creator’s business. It’s a wholesome model that changes the fan-creator relationship, replacing it with a more partnership-oriented approach where communities are forged (and driven) by intrinsic value. But, to understand how Snapmuse.io solves an age-old dilemma, it is essential to first understand the shortcomings of the Web2 model, especially...

Join Our Telegram channel to stay up to date on breaking news coverage During the present bearish market conditions, most crypto coins have not been putting up a good show. Despite the gloomy conditions, a few cryptocurrencies have been performing well. In this article, we will review some of the top cryptocurrencies that have been performing well, such as HedgeUP (HDUP), OKB (OKB), and Toncoin (TON). HedgeUp Provides the First Alternative Investment Platform HedgeUp (HDUP) is a cryptocurrency that aims to bring awareness within the Alternative Investment Market (AIM). HedgeUP is touted to be the first AIM that will provide an array of alternative investment assets. It will allow crypto buyers to invest in alternate goods such as wines, diamonds, gold, fine art, luxury watches, aviation, etc. HedgeUp aims to partner with established and high-end startups to facilitate crypto users. Analysts will negotiate the deals between the vendors and buyers to facilitate better investmen...

Sam Bankman-Fried.Video screenshot, New York Times / YouTube It was just a few days ago that Sam Bankman-Fried, the ex-billionaire CEO of defunct cryptocurrency exchange FTX and hedge fund Alameda, decided to contest a US extradition request for his central role in the FTX meltdown that defrauded thousands of investors. However, after spending a few nights in a Bahamian jail, he has reversed his decision and agreed to be extradited back to the United States. Bankman-Fried is facing charges related to alleged fraud at both FTX and Alameda. The charges include those related to wire fraud on lenders and customers, conspiracy to commit money laundering, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud. The 30-year-old was arrested last Monday in the Bahamas, and his legal team argued that he should remain at home while awaiting a hearing on his extradition. However, Chief Magistrate JoyAnn Ferguson-Pratt rejected the request and remanded...