Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November.
Shiba inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session.
SHIB/USD surged to an high of $0.000009593 earlier in the day, which comes less than 24 hours after trading at a low of $0.000008603.
As a result of this latest surge in price, shiba inu climbed to its highest point since December 5.
From the chart, it appears as though today’s rally came following an upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the 14-day relative strength index (RSI) has risen above a recent ceiling at 65.50.
Currently, the index is tracking at 67.50, with the next visible ceiling at the 73.00 zone.
Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day.
Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day.
The move pushed apecoin to its highest level since November 5, and came following a breakout of a price ceiling at $4.60.
As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record, with a reading of 79.09.
This means that prices are now deep in overbought territory, which could mean that bears are preparing for reentry.
Despite this potential reversal, bulls are seemingly still targeting a ceiling at $5.30, which hasn’t been hit since October 11.
Register your email here to get weekly price analysis updates sent to your inbox:
Could apecoin rally to hit $5.30 during the month of January? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November.
Shiba inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session.
SHIB/USD surged to an high of $0.000009593 earlier in the day, which comes less than 24 hours after trading at a low of $0.000008603.
As a result of this latest surge in price, shiba inu climbed to its highest point since December 5.
From the chart, it appears as though today’s rally came following an upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the 14-day relative strength index (RSI) has risen above a recent ceiling at 65.50.
Currently, the index is tracking at 67.50, with the next visible ceiling at the 73.00 zone.
Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day.
Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day.
The move pushed apecoin to its highest level since November 5, and came following a breakout of a price ceiling at $4.60.
As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record, with a reading of 79.09.
This means that prices are now deep in overbought territory, which could mean that bears are preparing for reentry.
Despite this potential reversal, bulls are seemingly still targeting a ceiling at $5.30, which hasn’t been hit since October 11.
Register your email here to get weekly price analysis updates sent to your inbox:
Could apecoin rally to hit $5.30 during the month of January? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format changes, or EOF, was removed from Shanghai to ensure that the focus remains on staked withdrawals.
During the first week of December 2022, Bitcoin.com News reported on the 151st Ethereum developers meeting, and the programmers recently finished the 152nd meeting on Jan. 5, 2023. The meeting mostly focused on the removal of EOF implementation from Shanghai, and developers decided not to review any Ethereum Improvement Proposals (EIPs) related to EOF until the Shanghai hard fork has completed.
Both Galaxy Digital’s research associate Christine Kim and Ethereum core developer Tim Beiko summarized the ACD meeting. “On the Shanghai front, a first devnet was set up with all client combinations right before Christmas,” Beiko said after the meeting. “While they are all running, some pairs have more issues than others.”
Galaxy’s research associate explained that Devops programmer Barnabus Busa updated the team on the testing of staked ETH withdrawals. “He said that the current developer test network for Shanghai, which was launched just before Christmas, has already progressed to block 4,000,” Kim said. “All EL and CL client combinations are currently running on this testnet. A few client combinations such as Teku-Erigon and Lighthouse-Erigon are experiencing issues.”
Withdrawing staked ether has been a major concern for the community, and many want to know when it will happen. The Ethereum developers suggested that a new testnet will be deployed next month, with the Shanghai hard fork tentatively scheduled to go live by March.
At the time of writing, there is 15.96 million ether locked into the Beacon deposit contract. Additionally, the network is just days away from reaching 500,000 validators. The Shanghai fork will be the next major upgrade for the Ethereum development team since The Merge.
What do you think about the latest Ethereum developer meeting and discussions revolving around the upcoming Shanghai fork? Let us know your thoughts about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format changes, or EOF, was removed from Shanghai to ensure that the focus remains on staked withdrawals.
During the first week of December 2022, Bitcoin.com News reported on the 151st Ethereum developers meeting, and the programmers recently finished the 152nd meeting on Jan. 5, 2023. The meeting mostly focused on the removal of EOF implementation from Shanghai, and developers decided not to review any Ethereum Improvement Proposals (EIPs) related to EOF until the Shanghai hard fork has completed.
Both Galaxy Digital’s research associate Christine Kim and Ethereum core developer Tim Beiko summarized the ACD meeting. “On the Shanghai front, a first devnet was set up with all client combinations right before Christmas,” Beiko said after the meeting. “While they are all running, some pairs have more issues than others.”
Galaxy’s research associate explained that Devops programmer Barnabus Busa updated the team on the testing of staked ETH withdrawals. “He said that the current developer test network for Shanghai, which was launched just before Christmas, has already progressed to block 4,000,” Kim said. “All EL and CL client combinations are currently running on this testnet. A few client combinations such as Teku-Erigon and Lighthouse-Erigon are experiencing issues.”
Withdrawing staked ether has been a major concern for the community, and many want to know when it will happen. The Ethereum developers suggested that a new testnet will be deployed next month, with the Shanghai hard fork tentatively scheduled to go live by March.
At the time of writing, there is 15.96 million ether locked into the Beacon deposit contract. Additionally, the network is just days away from reaching 500,000 validators. The Shanghai fork will be the next major upgrade for the Ethereum development team since The Merge.
What do you think about the latest Ethereum developer meeting and discussions revolving around the upcoming Shanghai fork? Let us know your thoughts about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Blockchain based climate tech company – YES WORLD Climate Tech Pte Ltd launches world’s first Energy Efficient Windows Solution for home and commercial buildings. This new product line of specialised glass is part of company SAVE EARTH MISSION to reduce the carbon footprint from the atmosphere.
The specialised glass solution includes double pane glass and sandwich glass which has a layer of patented material that reflects the 85% solar radiant heat as well as blocks 92% of UV rays from entering the building. The energy efficient glass is a see-through windows solution that blocks the majority of solar heat from entering the building and significantly reduces the energy consumption in terms of HVAC load.
The energy efficient glass product line by YES WORLD not only reduces the radiant heat, thereby reducing the greenhouse effect in the building, but also reflects 92% of the damaging UV rays back out through the window, reducing fading and sun damage. It also provides daytime privacy through its unique one way vision design, as well as control glare issues for sensitive eyes.
As a climate tech company, YES WORLD is on the world’s biggest mission to SAVE EARTH, working towards a solution for the biggest problem faced by mankind – Global Warming. YES WORLD is among a very few companies that have tangible offerings towards the solution of the global warming crisis. In addition to the energy efficient windows solution, YES WORLD is also working on Carbon emission data analytics as well as tokenisation service for carbon offsets.
YES WORLD TOKEN is the native token for YES WORLD’s Save Earth mission. YES WORLD has taken a community driven approach to generate awareness around climate change and global warming and YES is a powerful mechanism to create a strong community working towards meaningful carbon emission reduction activities while getting advantages of holding best in class utility Token in the form of $YES.
Launched in April 2022, YES WORLD Token is getting a lot of interest from global crypto audiences and buying interest seen across all exchanges. Based on CoinMarketCap data, it has already generated three digit returns for early adopters. YES WORLD announced launch of global utilities portal which is available in 80 countries worldwide
YES is a leading utility token with token usability available across several verticals – Gaming, Travel, NFT Marketplace, Health & Fitness, Financial services as well as wide acceptance among e-commerce and brick-and-mortar stores. YES WORLD plans to onboard 10 million merchants worldwide by the global launch event scheduled in April 2024.
YES WORLD Token offers several utility services to investors and enables them to not just hold a token for price appreciation, but also to use it for various usability and utility services available in their countries. Users can make the payment by scanning the bar-code presented at the checkout on the POS Terminal using the token.
YES WORLD Token is trading on several leading centralised exchanges including XT.com and Coinsbit.io, as well as on decentralised exchange – PancakeSwap. YES WORLD plans to be listed on over 50 leading crypto exchanges before its global launch.
Just last week YES WORLD announced that it crossed an important milestone of 1.5 million transactions and 100k holders on explorer – BSCScan.
YES WORLD was conceptualised and is promoted by Save Earth activist Dr Sandeep Choudhary, who has constantly been working to generate awareness of global warming and climate change impacts. Under Dr. Choudhary’s vision and leadership, YES WORLD has championed a noble cause of reducing carbon footprint and bringing forth the issue of global warming and climate change.
Important links:
Twitter – https://twitter.com/yesworld24
CMC – https://coinmarketcap.com/currencies/yes-world-token/
Website – www.yesworld.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
PRESS RELEASE. Blockchain based climate tech company – YES WORLD Climate Tech Pte Ltd launches world’s first Energy Efficient Windows Solution for home and commercial buildings. This new product line of specialised glass is part of company SAVE EARTH MISSION to reduce the carbon footprint from the atmosphere.
The specialised glass solution includes double pane glass and sandwich glass which has a layer of patented material that reflects the 85% solar radiant heat as well as blocks 92% of UV rays from entering the building. The energy efficient glass is a see-through windows solution that blocks the majority of solar heat from entering the building and significantly reduces the energy consumption in terms of HVAC load.
The energy efficient glass product line by YES WORLD not only reduces the radiant heat, thereby reducing the greenhouse effect in the building, but also reflects 92% of the damaging UV rays back out through the window, reducing fading and sun damage. It also provides daytime privacy through its unique one way vision design, as well as control glare issues for sensitive eyes.
As a climate tech company, YES WORLD is on the world’s biggest mission to SAVE EARTH, working towards a solution for the biggest problem faced by mankind – Global Warming. YES WORLD is among a very few companies that have tangible offerings towards the solution of the global warming crisis. In addition to the energy efficient windows solution, YES WORLD is also working on Carbon emission data analytics as well as tokenisation service for carbon offsets.
YES WORLD TOKEN is the native token for YES WORLD’s Save Earth mission. YES WORLD has taken a community driven approach to generate awareness around climate change and global warming and YES is a powerful mechanism to create a strong community working towards meaningful carbon emission reduction activities while getting advantages of holding best in class utility Token in the form of $YES.
Launched in April 2022, YES WORLD Token is getting a lot of interest from global crypto audiences and buying interest seen across all exchanges. Based on CoinMarketCap data, it has already generated three digit returns for early adopters. YES WORLD announced launch of global utilities portal which is available in 80 countries worldwide
YES is a leading utility token with token usability available across several verticals – Gaming, Travel, NFT Marketplace, Health & Fitness, Financial services as well as wide acceptance among e-commerce and brick-and-mortar stores. YES WORLD plans to onboard 10 million merchants worldwide by the global launch event scheduled in April 2024.
YES WORLD Token offers several utility services to investors and enables them to not just hold a token for price appreciation, but also to use it for various usability and utility services available in their countries. Users can make the payment by scanning the bar-code presented at the checkout on the POS Terminal using the token.
YES WORLD Token is trading on several leading centralised exchanges including XT.com and Coinsbit.io, as well as on decentralised exchange – PancakeSwap. YES WORLD plans to be listed on over 50 leading crypto exchanges before its global launch.
Just last week YES WORLD announced that it crossed an important milestone of 1.5 million transactions and 100k holders on explorer – BSCScan.
YES WORLD was conceptualised and is promoted by Save Earth activist Dr Sandeep Choudhary, who has constantly been working to generate awareness of global warming and climate change impacts. Under Dr. Choudhary’s vision and leadership, YES WORLD has championed a noble cause of reducing carbon footprint and bringing forth the issue of global warming and climate change.
Important links:
Twitter – https://twitter.com/yesworld24
CMC – https://coinmarketcap.com/currencies/yes-world-token/
Website – www.yesworld.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.
PRESS RELEASE. London, United Kingdom, Jan 10th, 2023, Chainwire. Metacade has exceeded expectations as investors flocked to its presale to purchase MCADE tokens, raising over $2 million for the GameFi project.
The beta stage of the presale saw $1 million pour in over a matter of weeks and momentum has continued despite the 25% increase in token price. There is now only $690k remaining of the token at $0.01 before the price rises 20% in the next round.
$MCADE is available to buy on the official Metacade website.
Metacade is the world’s first community-run play-to-earn (P2E) arcade built on blockchain. The Ethereum-backed metaverse project will offer a thriving GameFi hub for gamers and crypto enthusiasts alike. It will be a place to earn, learn and connect with like-minded individuals while playing some of the hottest P2E games that GameFi space has to offer.
Built to last, the Metacade roadmap showcases the project’s ambition and longevity. Beyond its stellar blockchain game offering, the platform will host leaderboards, trending games, GameFi alpha, and much more to keep the community engaged. To further show its support to the gaming community the platform will launch a jobs board to help people new roles in Web3 and a Metagrants initiative to support game developers keen to build on the platform.
MCADE, the platform’s native token, will power activity and transactions on Metacade. Players will use it to access pay-to-play games and be rewarded for their gaming efforts in MCADE. There will be further earning opportunities through competitions and tournaments, sharing gaming alpha, and writing reviews. Staking will also be an option for MCADE holders wanting to top up their income.
MCADE has a fixed token supply of 2 billion tokens, with seventy percent of these being made available during the presale. The other thirty percent of these tokens have been reserved for development, liquidity provisions, competition pool funding, and exchange listings.
MCADE will soon be listed on Bitmart, one of the world’s largest cryptocurrency exchanges, which is ranked 21st in the CoinMarketCap exchange rankings. Metacade signed the terms with the Singapore-based digital asset exchange in December 2022 and shared the news on its Twitter account. This is just the beginning for the MCADE token as the team has revealed they are in talks with other crypto exchanges and have a top 10 exchange listing announcement coming soon.
Head of Product for Metacade Russell Bennett said: “The Bitmart listing will give millions of people easy access to the MCADE token in a secure and safe trading environment. The public listing will propel awareness of Metacade and help the project gain further traction and following. With another popular exchange announcement soon to be revealed, we’re thrilled by the spectacular welcome Metacade has received from the GameFi space.”
The P2E GameFi platform has the stamp of approval from leading blockchain auditing firm Certik. Metacade joins the ranks among Polygon, ApeCoin, and BNB Chain as a trusted platform in the crypto space. Certik employs cutting-edge technology and mathematics to analyze and evaluate the specification and code of blockchain projects. The auditors also carried out a full KYC of the Metacade team to ensure they are genuine and provide further transparency of the project. The full audit results are available on the Certik website.
The Metacade presale has now sold over $2 million worth of tokens in under 7 weeks and at the time of publishing has under 25% remaining.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community.
Leading investing site Invezz has called Metacade: “A place where GameFi and the Metaverse intersect, with the potential to be one of the biggest names in its space, and potentially the industry overall”.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow.
Links
Website | Whitepaper | Socials | CertiK Audit
Contact
Head of Product
Russell Bennett
Metacade
pr@metacade.co
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
Source From : News