Author: Dren.H

SHIB Technical Analysis – October 2021 Monthly Analysis In the last 30 days, SHIB initially increased by around 80%. Then, the price slowly declined by around 30% and was in consolidation after that. Then, SHIB started increasing at extreme rates, where an increase of around 400% occurred. As of now, SHIB is extremely bullish. Weekly Analysis  In just the last 7 days, SHIB has increased by 390%. The price is still moving upwards and it may soon test the all-time high resistance at $0.00004.  Daily Analysis In the intraday chart, SHIB has been bullish as well. With such high volatility,…

BCH Technical Analysis – October 2021 Monthly Analysis Over the last 30 days, BCH decreased by around 41%, making BCH quite bearish for the majority of September. However, a rounding bottom pattern emerged, and the price of BCH started increasing again. If BCH manages to break the resistance structured at the neckline of the pattern, then we could see BCH become even more bullish. Weekly Analysis  In the last 7 days, BCH has been on an uptrend. The price has increased by around 33% in just the last 7 days, making BCH bullish in the short term. Daily Analysis In…

RUNE Technical Analysis – October 2021 Monthly Analysis Over the last 30 days, RUNE decreased by around 47%. This decrease was then supported at $6.4 twice in a period of 7 days. After that, the price of RUNE started increasing and the trend reversed. Weekly Analysis  In the last 7 days, RUNE has increased by around 47%. This increase faced resistance at $9.3. After that, the price pulled back, but it was recently supported at $8.1. Daily Analysis In the intraday chart, RUNE has been highly volatile. The trend is bullish and the price could keep increasing in the coming…

In a recent blog post by Kraken’s Security Labs team, it was reported that the General Bytes BATMTwo ATMs have vulnerabilities. The QR codes have never been changed by the administration, making a huge amount of BTC vulnerable. Attack vectors were found in those QR codes, in the ATM management system, in the hardware case, as well as the Android OS. Good hackers could misuse the administrative code for their own benefit if they manage to get a hand at it. Such vulnerabilities must not be allowed in BATMTwo ATMS because large funds are at stake. General Bytes immediately warned…

Twitter, one of the world’s leading social media platforms, has recently showcased a tool that can allow users to have their NFTs as a profile picture. This feature was visually displayed by Mada Aflak, a software engineer at Twitter. The video shows how users can connect their profile with a cryptocurrency wallet, and then they can integrate their NFTs in OpenSea as an avatar for the profile picture. To display that the profile picture is an NFT and that it is authentic, people will have a unique badge that verifies that NFT. So if you own an expensive NFT such…

People, businesses, and governments are becoming more dependent on cryptocurrencies. Their popularity has soared in recent years and many countries have adopted cryptocurrencies.  Its adoption was recently noticed in Switzerland as well, as the first cryptocurrency fund has been approved by Swiss financial authorities. The Swiss Financial Market Supervisory Authority (FINMA) has recently approved the first-ever crypto fund there, known as the Market Index Fund. Crypto Finance, the Swiss asset manager, launched the fund through PvB Pernet von Ballmoos AG, an investment management firm. SEBA Bank AG is the custodian of this regulation. However, only qualified investors can have access…

DOGE Technical Analysis – September 2021 Monthly Analysis In the last 30 days, DOGE initially increased by 18%. This increase was then followed by a huge dip in the price as it declined by almost 40%. The trend is now facing downward and the price of DOGE could keep decreasing in the coming days, other things equal. Weekly Analysis  In the last 7 days, DOGE has decreased by 15%. The price recently found support at $0.19. It is likely that this support structure is going to be retested in the coming days. Daily Analysis In the last few hours of…

The world’s second-biggest Ethereum mining pool has been suspended due to the recent Chinese decision related to cryptocurrencies. Sparkpool launched in China back in 2018. It has the second-highest hash rate behind Ethermine, specifically 22%. It has become one of the biggest and one of the best mining pools for ETH. Ethermine has a share of 24%, meaning that the difference between the two is not that big. The mining pool recently announced that new users can no longer access the pool in China. This occurred after China’s new regulations regarding cryptocurrencies. Sparkpool is continually shutting down its services for…

Recently, China further increased its anti-crypto measures by making all crypto-related transactions illegal. This has made Chinese cryptocurrency traders move to derivatives DEX dYdX. The latter has experienced huge activity after China made its announcement. This has caused a larger volume for DEX dYdX than Coinbase’s spot markets. It is worthy to note that this is the first time this has happened. dYdX Protocol recently had $4.3 billion worth of trades in a 24-hour time period, while Coinbase, one of the world’s biggest cryptocurrencies in the world, had a volume of $3.7 billion in the same timespan. Below is a…

AXS Technical Analysis – September 2021 Monthly Analysis In the last 30 days, AXS initially increased by40%, reaching a high of $94.5. However, its price was followed by a price decrease of 40%. The price was in consolidation after that, but it then had another decrease of 32%. After that, the price has been attempting a rebound, but it found resistance at $71.4 recently.  Weekly Analysis  In the last 7 days, AXS increased by 48%. This increase faced resistance at $71, where it was also previously tested. The double top was respected, as the price declined by 18% in the…