Market - Optimisus

2 years ago 1 min read

BTC Market Analysis: July 25th, 2022

After several weeks of the market downturn, $BTC has just climbed from lows of $19,000 to highs of $24,000, providing some much-needed relief. The price of Bitcoin is at $21,857 at the time of writing, and I will forecast its next move using technical analysis and some fundamentals. According to the chart, the price of bitcoin will continue to trade in a zigzag pattern in this falling wedge until it reaches the $20,000–21,000 support area. At that point, a strong surge will break the wedge and cause it to rise to roughly the $26,000 region. However, depending on the volatility

2 years ago 2 mins read

Cardano Vasil Hard Fork Analysis

Cardano is the 8th largest cryptocurrency in the world according to Coinmarketcap with a $15.4 billion market cap at the time of asking. It is set up to rival major blockchains like Ethereum and BNB Chain in the coming years. There is an important update coming for the Cardano blockchain also considered to be the most important update in its history, which is expected to have a significant positive impact on the price. Coupled with the current bearish cryptocurrency market, $ADA, the native token of the Cardano ecosystem has dropped more than the major coins and has been in a

2 years ago 1 min read

Ethereum (ETH) Market Analysis: July 25th 2022

Ethereum has moved up the chart significantly in the past weeks, even more than bitcoin and most Altcoins. At the writing time, $ETH is trading at $1,536 after dropping from $1,660 in the past few hours. According to the above chart, $ETH has been in a range since July 18th, 2022, and is expected to remain there until the merge takes place or just before it does. The merger could provide the motivation needed for the price of Ethereum to move out of its trading range. The chart above shows that the range is $1500 to $1600. An upward break

2 years ago 2 mins read

Bitcoin Weekly Price Prediction – May 30, 2022

On the BTC chart, we witnessed the market continue to fall in price and test a long-term support that has been in effect since January 2021. The support region’s price range is about $28,000–$29,00, and the market has been trading in a range for the past few days. The next direction the market will go will be determined by a breakout from this range. BULLISH SCENARIO According to the bullish point of view, the market will respect the support zone and go upwards from there in the coming weeks, as seen in the chart below. A closer examination of the

2 years ago 5 mins read

TRON Price Forecast: Will TRX Reach $0.4 Soon?

This post on TRON (TRX) Price Prediction is solely based on technical analysis. The cryptocurrency sector is still expanding. To stay competitive, several crypto projects strive to develop their technologies. TRON is also still one of the most active protocols in the crypto world. More so, TRON has created significant connections and projects in the crypto industry in recent months. For instance, Alchemy Pay partnered with TRON a few months ago to allow TRX payments. According to reports, TRON is committed to creating a decentralized and borderless internet. Therefore, TRX users may easily access the network’s applications, material, and media

3 years ago 1 min read

Amazon.com Inc Denies Rumored Plans About Accepting Bitcoin Payments

The e-commerce giant, Amazon.com, denies reports of it accepting crypto and Bitcoin payments by the end of the year. According to an Amazon spokesperson, the company won’t accept crypto payments by the end of 2021. But, it is still interested in blockchain technology and the cryptocurrency space. The denial news came on Monday when Amazon.com’s insider took to the media, saying Amazon has no specific plans to onboard digital assets for payments yet. The insider said, “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on

3 years ago 1 min read

Crypto-Based Content Is No Longer Allowed on Tiktok Starting Today

Crypto-based content is no longer allowed on TikTok starting today. According to TikTok, certain types of ads will no longer be permitted on the platform. This includes crypto-based promotional content and some other topics. TikTok announced that on Friday 8 in an article from FT Adviser. The new guidelines on the platform will explicitly restrain users from posting promotional content about financial products, despite the poster’s location. The FT Adviser, Martin Bamford detailed the decision as follow, “TikTok said that branded content policy, the promotion of all financial services and products is now globally prohibited.” TikTok’s decision comes amid Dogecoin

3 years ago 1 min read

Nigeria To Lead Central Bank Digital Currency Soon

The Nigerian Central Bank announced it would start the pilot of its central bank digital currency on October 1. The digital currency runs on the Hyperledger Fabric blockchain. This year, the Central Bank of Nigeria (CBN) appeared in the headlines for its anti-cryptocurrency measures many times. But, the company has raised its investment and research into crypto’s underlying tech, blockchain. Also, it has set a fixed date for the pilot project of its blockchain-powered Central Bank Digital Currency (CBDC). According to CBN, it will reportedly launch a pilot scheme for “GIANT” on October 1 – a CBDC project in progress

3 years ago 1 min read

JPMorgan To Give Retail Wealth Clients Access To Crypto Funds

JPMorgan would reportedly provide retail wealth customers access to crypto funds. JPMorgan Chase & Co. is an American multinational finance bank and business services holding company. The Major U.S. investment bank JPMorgan Chase is reportedly enabling partners to do crypto trades for more of its clients. According to Business Insider, retail wealth customers at JPMorgan now get access to crypto funds. The report says that all JPMorgan clients soliciting investment advice would have the opportunity to invest in crypto. This includes those run by financial advisers, retail investors using its trading app, and clients serviced by the private bank. In