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Crypto
ETH
Apollo Crypto DAO(APOLLO)

$4.49e-6

-0.57%

Market Cap
N/A
 

Volume (24h)
229
 

-78.33%

Released on 15 Jan 2022
Crypto
Market Cap
N/A
 

Volume (24h)
21.65k
 

631.46%

Released on 10 Mar 2022
Cointelegraph
Cointelegraph
followers

Bitcoin (BTC) saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment.  BTC/USD 1-day chart. Source: TradingView Bitcoin ETFs bounce back from day of outflows Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around $51,000. Bulls remained caught in a narrow trading zone, in place for more than a week, as concerns surfaced over inflows to the spot Bitcoin exchange-traded funds (ETFs). These slowed considerably in recent days, with Feb. 21 even seeing a net outflow of some $36 million, per data uploaded to X (formerly Twitter) by sources including BitMEX Research. Same data in BTC terms.694 BTC net outflow on 21 Feb 2024 pic.twitter.com/mpqoo44VA2 — BitMEX Research (@BitMEXResearch) February 22, 2024 Feb. 22 saw stronger activity — net inflows of just over a quarter of a million dollars, even accounting for outflows from the Grayscale Bitcoin Trust (GBTC). “Normality resumed a $251M inflow into the Bitcoin ETFs,” James Van Straten, research and data analyst at crypto insights firm CryptoSlate, responded. Continuing on the pace of buying from the ETF operators, Thomas Fahrer, CEO of crypto-focused reviews portal Apollo, predicted that the largest of them, BlackRock’s iShares Bitcoin ETF (IBIT), would in future change BTC supply dynamics. “98% of all the #Bitcoin in existence already costs >100K if you tried to buy it,” he argued alongside a chart of IBIT holdings. “Remember that the current price is just the marginal trade. Blackrock is going to test this theory, so we'll find out soon enough.” Spot Bitcoin ETF holdings (screenshot). Source: Apollo As of Feb. 23, IBIT held 124,535 BTC ($6.35 billion), per data from Apollo’s own ETF tracker. BTC price nears "trend inflection point" Focusing on low-timeframe BTC price analysis, meanwhile, popular trader Skew captured the mood among seasoned market observers. Related: Bitcoin pre-halving ‘pullback’ calls for $45K BTC price support retest The uptrend, he concluded, remained intact, but important support levels were now coming back into play. These were the 88-period and 100-period exponential moving averages (EMAs) on the 4-hour chart at $50,017 and $49,654, respectively, along with the 18-period EMA on the daily chart at $49,645. “Currently price trades around range low & 4H 55EMA which typically is a near term trend inflection point, meaning momentum picks up soon,” part of his latest X analysis read. “Buyers & Sellers likely to fight here for control.” BTC/USD 4-hour chart with EMA data. Source: TradingView This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

6 days ago
Crypto
GLMR
Moonwell(WELL)

$5.24e-3

5.21%

Market Cap
N/A
 

Volume (24h)
382.13k
 

0.47%

Released on 23 Jun 2022
Apollo Canyon Astro
Apollo Canyon Astro
The Art of Claiming Hedera $HBAR Airdrop: Strategies and Insights
10 days ago
Crypto Daily™
Crypto Daily™
followers

The crypto market is buzzing with excitement, fueled by the recent surge in Ethereum price, which tantalizingly approached the $3,000 milestone. The second-largest cryptocurrency reached $2,980 on Monday, February 19, its highest level in 22 months, and reignited speculation about the coming altseason. Apollo Capital's Henrik Andersson shared this sentiment, pointing to Ethereum's impending updates and the mainnet launches of scaling solutions. Amidst this optimistic backdrop, one of Ethereum's most popular scaling solutions, Optimism (OP), soared over 10% in the past week to hit $4.1 before the price started correcting gains. However, not all players are enjoying the same upward trajectory. Competing scalability-focused blockchains like Cosmos (ATOM) and NEAR Protocol (NEAR) are experiencing a downturn, with both tokens showing bearish trends in today's trading session.  In this dynamic and somewhat unpredictable market landscape, the next developments for ScapesMania (MANIA) are drawing attention. Although its presale stage has concluded, the anticipation for its forthcoming Token Generation Event (TGE) and decentralized exchange listing is palpable. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Optimism (OP): Scaling New Heights A favorite among developers, Optimism (OP) scales the Ethereum network while leveraging its security. Following a boost in investor sentiment, partly driven by the introduction of the Bitcoin ETF, OP experienced a bullish wave, further bolstered by recent strategic moves, such as allocating 2 million OP tokens to the DeFi layer-2 (L2) network Mode. Source: TradingView Optimism (OP) recently surpassed the $4 mark, aligning with the overall bullish sentiment surrounding Ethereum. Currently, OP is trading between its support at $3.5 and resistance at $4.3, indicating a critical juncture in its market positioning.  Optimism (OP) Technical Analysis From a technical standpoint, OP's Exponential Moving Averages (EMAs) present a bullish scenario; the 10-day EMA at $3.9, the 50-day EMA at $3.7, and the 200-day EMA at $3.4 all suggest a sustained upward trend. The Relative Strength Index (RSI) at 64.3 leans towards overbought territory but isn't extreme, indicating strong buying interest. The Stochastic %K, at 58.5, supports this, showing momentum without being overextended. The Commodity Channel Index (CCI) at 138.7 and the MACD level at 0.057 also reinforce the bullish sentiment, while the Momentum indicator at 0.236 suggests increasing buying pressure. However, the Average Directional Index (ADX) at a low 22.9 suggests a lack of strong trend strength.  Optimism (OP) Price Prediction In a bullish scenario, if Optimism (OP) maintains its current trajectory and investor interest remains high, we could see OP testing the next resistance level at $4.8. This outlook aligns with the optimistic forecasts projecting Optimism's (OP) growth towards $10 by 2025. However, in a bearish scenario, challenges such as intense competition in the scaling solution space and concerns over market volatility due to limited token circulation could apply downward pressure. If these factors become prominent, OP might retreat towards $3.2, or even lower to $2.7. Cosmos (ATOM): Charting the Recovery Path Cosmos (ATOM) has recently been navigating choppy waters, grappling with persistent bearish sentiment. The token dropped by 14% in January, plummeting below the local high of $12.227. However, recent market trends suggest a potential shift in this narrative. Despite the earlier setbacks, ATOM exhibited resilience, with its weekly price chart reflecting a modest 3% uptick. This upward movement extends into the monthly timeframe, where Cosmos (ATOM) has almost clinched a 6% gain. Source: TradingView This gradual yet steady growth, particularly following the pronounced bearish phase in January, signals a potential reversal in fortunes for the token. Market analysts are now increasingly optimistic, forecasting a possible resurgence for ATOM in the weeks ahead. Now, ATOM is currently navigating a critical phase, trading between its first support level at $9.78 and the first resistance level at $11.03. Cosmos (ATOM) Technical Analysis Cosmos' (ATOM) 10-day EMA at $10.53 is slightly above the current price, indicating a mild bearish pressure. However, the 50-day and 200-day EMAs at $10.29 and $9.93, respectively, suggest underlying support, offering a silver lining for potential bullish momentum. The RSI at 47.16 is hovering near the neutral 50 mark, hinting at a balanced sentiment among traders. The Stochastic %K at 29.18 and the CCI at -17.84 further reinforce this neutral-to-bearish outlook. Meanwhile, the ADX at a low 20.14 indicates a lack of strong trend, and the MACD level of 0.081 coupled with negative Momentum at -0.228 underlines the need for caution. Cosmos (ATOM) Price Prediction In the bullish scenario, if ATOM successfully breaks above $11.03, it could trigger a wave of buying interest, potentially pushing the price towards $11.46 and $12.71 levels. This movement would be supported by a crossover in the EMAs, particularly if the short-term EMA crosses above the longer-term averages.    Conversely, in the bearish case, a failure to sustain above $9.78 could see Cosmos (ATOM) retesting lower support levels at $8.96 and $7.71. This would be accompanied by a further decline in the RSI below 45 and a continuation of the negative trend in the Stochastic and MACD indicators. NEAR Protocol (NEAR): Analyzing the Shift from Bear to Bull NEAR Protocol (NEAR) has recently shown signs of resurgence, breaking away from its bearish trend that dominated most of January. This shift in momentum is evident in its recent market performance, where NEAR has experienced a noteworthy uptick of over 7% in the past week and an impressive 12% increase month-to-date. Source: TradingView Despite this positive trend, NEAR is still trading below its year-to-date high of $4.3, reached on December 27, 2023. Currently positioned between the first support at $3.2 and the first resistance at $3.71, the token is navigating a crucial phase in its price trajectory as it potentially gears up for a continued rally. NEAR Protocol (NEAR) Technical Analysis From a technical analysis standpoint, NEAR Protocol's (NEAR) EMAs provide a bullish signal, with the 10-day EMA at $3.46 slightly above the 50-day EMA $3.34, indicating short-term momentum. However, the 200-day EMA at $3.13 suggests a need for caution, reflecting the longer-term trend. The ADX at 25.52, still below the threshold of 25, hints at a lack of strong trend. The CCI at -17.33 is near the zero line, suggesting a balance between buying and selling pressures. The RSI at 45.79 is near the neutral 50 mark, neither strongly bullish nor bearish. The Stochastic %K is under 40, typically a sign of a potential turnaround. The MACD Level at 0.038 is marginally positive, but the negative Momentum at -0.157 calls for a cautious approach. NEAR Protocol (NEAR) Price Prediction In the bullish scenario, if NEAR manages to break past $3.71, it could be en route to test the second resistance at $3.91. A sustained bullish momentum could even propel NEAR towards the $4.42 mark, aligning with analysts' projections for Q1 of 2024. Conversely, in a bearish scenario, failure to hold above $3.2 might see NEAR Protocol (NEAR) sliding towards the second support level at $2.88. A breach below this could lead to a retest of the third support at $2.37, marking a significant retreat from its current levels. Final Thoughts In today's crypto market, Ethereum's surge is casting a spotlight on its scaling solution, Optimism (OP), which is experiencing a significant rally, while competitors like Cosmos (ATOM) and NEAR Protocol (NEAR) face varied fortunes. But despite recent struggles, ATOM shows signs of a recovery path, with a modest uptick hinting at a possible market sentiment reversal. NEAR, after a period of bearish trends, is also witnessing a resurgence, indicating a potential shift towards a bullish trajectory. Whether you’re dabbling in digital currencies or going all-in, making sure you’re clued-up can make or break your experience. Remember this – you don’t want yesterday’s news guiding today’s decisions! Keep learning and stay flexible; that way, you'll be more likely to ride out any storm and catch those high waves when they come rolling in. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

9 days ago
Cointelegraph
Cointelegraph
followers

The cries are loudening for a potential “altseason” as Ether (ETH) approaches the $3,000 level; however, analysts have cautioned it may not come  so soon. On Feb. 19, Ether prices hit an intraday and 22-month high of $2,980. The last time the asset traded above $3,000 was in April 2022. The price movement has seemingly led many observers to believe an “ETH bull market” is near, while others have declared that “altseason” has already returned to crypto. “I think there are several powerful catalysts coming up that might spark an altcoin rally,” agreed Apollo Capital chief investment officer Henrik Andersson in comments to Cointelegraph These were primarily Ethereum fundamentals such as the Dencun upgrade and mainnet launches for scaling solution Blast and restaking platform EigenLayer, he said before adding: “Ethereum has been underperforming BTC over the past year, it feels like it is due for a catch-up in particular due to the supply sinks and it being deflationary since the move to PoS.” “We’re entering an ETH bull market [which is] beta for altcoins, said Yuga Cohler, a senior engineering manager at Coinbase on X. Meanwhile, economist and trader ‘Mikybull Crypto’ told their 60,000 X followers that March is always bullish for ETH. Hence $3,000 is on the table, before adding, “This cycle of altseason is going to be huge!” Technical analyst and trader ‘Titan of Crypto’ shared a chart of the total market capitalization of altcoins without BTC and ETH revealing a breakout. #Altcoins SURGING !The following chart shows the Crypto Total Market Cap Excluding #BTC and #ETH. 38.2% Fibonacci retracement level was the ceiling.Now it's game on. pic.twitter.com/c41x61ATvk — Titan of Crypto (@Washigorira) February 18, 2024 Not so fast Markus Thielen, head of 10x Research however says there's a lack of evidence suggesting an altcoin season is coming.  “While speculation swirls about the possibility of an altcoin season, the current landscape lacks substantial evidence, with Bitcoin's enduring dominance standing at 51%.” He explained that to kickstart a viable altcoin season, “sustained reductions in Bitcoin dominance below 45% are necessary.” “Unlike the thematic surges observed during the ICO and DeFi summer bull markets, the present upswing lacks a discernible narrative, aside from the influx of Bitcoin ETF investments.” The analyst also pointed out that recent altcoin rallies have quickly fizzled out, indicating a higher risk-adjusted potential favoring Bitcoin investments. Moreover, Ethereum momentum also seems driven by potential ETF approvals in May rather than increased on-chain activity within dApps, he said before concluding: “We anticipate this bull market persisting until 2025, during which altcoins may attempt various rallies.” Related: Is it altseason? Altcoin 30-day performance and total market cap flash bullish On Feb. 20, blockchain analytics firm Santiment reported that since crypto markets began moving in October, the “vast majority” of crypto projects have generated profits for the average wallet on a mid to long-term timescale aside from a few lagging altcoins. However, it cautioned that its model is indicating overbought signals, citing the market value to realized value (MVRV) metric which is “revealing there is a higher risk than average in buying or opening new positions while markets are in the midst of a 4+ month surge.” MVRV is the ratio of the total market cap divided by the realized cap. It is used for spotting local market tops and bottoms. Based on average trading returns, many assets have seen understandably high profits since markets began booming all the way back in mid-October, 2023. Outside of a few lagging #altcoins, the vast majority of #crypto projects have generated profits for the average (Cont) pic.twitter.com/ziKhzmcz1v — Santiment (@santimentfeed) February 20, 2024 Magazine: ‘Crypto is inevitable’ so we went ‘all in’ — Meet Vance Spencer, permabull

9 days ago
APOLLO by Zeus Network
APOLLO by Zeus Network
NFT
FOMO Dog Club
Floor Price
1.19 ETH
Total Volume
2.15k ETH
Minted on 24 Oct 2021
Crypto
ETH,MATIC
Salad(SALD)

$4.99e-3

-1.47%

Market Cap
377.66k
 

-1.47%

Volume (24h)
654.48k
 

-1.34%

Released on 19 Jul 2023
NFT
Apollo by Asaf Slook
Floor Price
0.21 ETH
Total Volume
331.72 ETH
Minted on 13 Dec 2022
CryptoGlobe
CryptoGlobe
followers

The prospect of a smooth transition, or “soft landing” for the U.S. economy seems increasingly unlikely, according to Torsten Sløk, Chief Economist at Apollo Global Management, with his words coming shortly after hotter-than-expected inflation data in the country poured cold water on hopes the Federal Reserve would cut interest rates in March. During an interview, as Business Insider reported, Sløk shared a shift in his outlook, now believing there’s a greater than 50% chance the U.S. will face a “hard landing or no landing” at all, moving away from the previous scenario he believes in, of a gentle economic deceleration. This change in perspective comes as new economic indicators emerge. Despite previously advocating for a soft landing, Sløk’s view has evolved with the latest economic data that indicates financial conditions have shown signs of easing, with a surge in high-yield and investment-grade bond issuance, a rejuvenation in the Initial Public Offering (IPO) market, and an uptick in mergers and acquisitions activity. These factors have contributed to a stronger job market, highlighted by a robust January jobs report that added 353,000 jobs. Moreover, recent data on GDP growth and consumer spending have exceeded expectations, indicating a potentially reinvigorated economy. However, Sløk cautioned against optimism due to the delayed impacts of the Federal Reserve’s interest rate hikes, which have started to cool consumer spending and corporate borrowing, significantly affecting areas like commercial real estate by making loans more expensive. As reported, the cryptocurrency market saw its total capitalization drop by over $60 billion after the  core consumer price index (CPI) in the U.S., which leaves out food and energy prices, rose 0.4% from December, exceeding forecasts and marking the highest increase in eight months, government data showed.  The data has further dampened expectations of an imminent interest rate cut by the Federal Reserve. Any resurgence in inflation could even spark discussions about resuming rate hikes as policymakers have emphasized the need for broader price stability before considering reductions. Bitcoin’s price had recently surpassed $50,000 as the spot Bitcoin exchange-traded funds (ETFs) launched in the US last month keep on attracting inflows. Data shows that these ETFs have, since launch, brought n roughly $3 billion in net flows, even with the Grayscale Bitcoin Trust, which recently converted into a spot ETF, seeing over $6 billion of outflows. As reported, over the past week cryptocurrency investment products attracted $1.11 billion in inflows, with Bitcoin-focused products making up 98% of total inflows at over $1 billion. Products offering exposure to Ethereum ($ETH) and Cardano ($ADA) also stood out. Featured image via Unsplash.

14 days ago
Crypto
Megatech(MGT)

$9.65e-4

-3.08%

Market Cap
N/A
 

Volume (24h)
73.40k
 

691742.26%

Released on 07 Sep 2021
Crypto
Market Cap
N/A
 

Volume (24h)
33.82k
 

-55.72%

Released on 20 Sep 2023
Crypto Airdrop City
Crypto Airdrop City

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