Crypto

  OKB (OKB) OKB has been following a symmetrical triangle pattern recently and is now facing a critical juncture according to the latest technical analysis. As its trading volume diminishes along with a price contraction, the market anticipates a decisive break, either from the lower or upper trendline of the triangle. OKB currently trades at $46.56, which represents a slight increase of 0.65% so far today. Interestingly, it is trading within the resistance range of $46.29 to $47.23. This close proximity to the resistance zone, combined with its location within the aforementioned symmetrical triangle pattern, points towards a potentially significant price movement on the horizon. The 20-day EMA and 50-day EMA, valued at $45.871 and $45.836 respectively, are remarkably similar and hover below the current price. This typically suggests a bullish sentiment in the short to mid-term. However, the 100-day EMA stands lower at $43.979, indicating that the longer-term trend may still be bea...

  Best Crypto to Buy Now 26 May – AGIX, AXS, AI,  ECOTERRA, OKB, YPRED, HT As May comes to an end, Bitcoin and Ether are struggling to gain momentum and are at risk of closing out the month lower. Bitcoin has plateaued this week and may post its first monthly loss of 2023. Ether has ticked slightly higher but could also end May down from its open. Given the recent slow movements in the cryptocurrency market, what are the best cryptos to buy now? Investor sentiment is fluctuating in response to uncertainty around the U.S. debt ceiling and rising inflation. Markets are awaiting an agreement between  President Biden  and House Speaker McCarthy to raise the debt ceiling before the June 1 deadline. However, as the Memorial Day weekend began, despite optimism that a deal will be made, no deal had yet been announced. Inflation concerns also intensified following Friday’s Personal Consumption Expenditure report, which showed consumer prices rose 0.4% in April, higher than th...

Binance, Other Crypto Players Shun Multichain as Bridging Rumors Swirl With facts hard to come by, a coterie of crypto players are taking action. . Bridge (Unsplash modified by CoinDe Key players in the crypto ecosystem are shoring up their defenses amid growing concerns over the state of Multichain, a major venue for moving assets between different blockchains. Four days after apparent technical issues started throttling some users’ ability to withdraw tokens from the protocol, wild rumors over Multichain’s safety and the fate of its team are filling the void created by the platform’s silence. A single  tweet  blaming some cross-chain breaks on “force majeure” has only added fuel to the widespread speculation that something is amiss. The light-on-facts landscape is pushing a growing number of entities to mitigate risk now – regardless of Multichain’s true state. Their responses are highlighting how crypto bridges create the potential for a world of hurt that goes well beyond ...

  What Is Cryptocurrency Trading? Cryptocurrency trading means taking a financial position on the price direction of individual  cryptocurrencies against the dollar  (in crypto/dollar pairs) or against another crypto, via crypto to crypto pairs. CFDs (contracts for difference) are a particularly popular way to trade cryptocurrencies as they allow for greater flexibility, the use of leverage and the ability to take short as well as long positions. The Growing Popularity of Cryptocurrency Trading Over the past decade, since the internet debut of Bitcoin in 2009, cryptocurrency trading has become increasingly popular. For example, while in 2013 there were only 66 types of cryptocurrencies, as of February 2022, there are over 10,000 cryptocurrencies available. This staggering growth is a distinct testament to crypto’s growing popularity. Cryptocurrencies are digital coins that are created using blockchain or peer-to-peer technology that uses cryptography. They differ from fia...