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Dogecoin will hurt nftBilly Markus, one of the creators of meme coin, DOGE, has revealed why he’s not in support of the idea of the creation of ApeCoin. He expressed his belief that introducing tokens to the NFT space would ignite toxicity to the space. Markus revealed that the speculations around markets involving tokens tend to bring out a lot of negative reactions from people. “sorry, I am not a fan of apecoin, mostly because I think it hurts the NFT space to bring in tokens, as token communities are generally hyper toxic and desperate… as tokens do the hype and crash thing like every token does, often people start to get pretty obnoxious about it all.” Yuga Labs, the creators of the BAYC collection announced ApeCoin on Wednesday. The creators revealed that ApeCoin would be the governing token for the ecosystem. The ApeCoin DAO would manage the asset, and holders of the token would be able to vote and fund projects in the ecosystem. Yesterday, the coin was made available for trading for the first time. Its highest value point per token is about $39.4, with a low of $1.00 on its opening. Currently, it is trading at $14.71 on major exchanges and naturally showing a lot of volatility.
BITTREX:DOGEUSDLong
by phiipreskoca
BCH Trying to Bounce BackBitcoin Cash is struggling along with the rest of the market, as Bitcoin (BTC) also experienced a sharp drop yesterday. That top crypto coin is on the road to recovery as well but down 7.25% over the last 24 hours. Bitcoin’s trade volume is up 76% in that period, and it is still trading with healthy numbers over $37 billion. Bitcoin Cash is having a tough time making much progress back up to where it was yesterday, which is obviously because the global markets are trending down. The reason for that has been attributed to Russian President Vladimir Putin’s declaration to invade Ukraine yesterday, followed by action today that held good on his promise. The global markets are preparing for a state of war, which means the economy will likely suffer for a while as the conflict is engaged. Excess resources normally poured into investments will instead be moved into wartime efforts. That is the fear at the moment, while many countries are preparing sanctions to level at Russia and hoping that war can be avoided by these mildly confrontational sanctions. Investments like cryptocurrency may be put on the back burner for millions of people around the world as they buckle down in their finances and prepare to live more frugally for what could be a coming wartime period. What this means is that unless there’s a major turnaround for President Putin’s plans, the market will continue to see a downturn. Further news that solidifies global wartime efforts will continue to cause steep declines like what we saw yesterday. For investors, that’s bad news, and it would indicate that it’s best for them to hold off for now on investing in crypto. The Bitcoin Cash price is likely to plummet, as the wider cryptocurrency market should see a bearish trend. There’s no telling how far the prices will go down, but investors should be watching news related to the Ukraine invasion to get some idea of their direction.
COINBASE:BCHUSDLong
by scoopnethame
AVAX/USD set to spike higher todayTL;DR Breakdown Avalanche price analysis is bullish today. Support for AVAX/USD is present at $73.2. Resistance for AVAX is found at $81.1. The Avalanche price analysis is bullish today as the coin continues upside after rallying high yesterday. The price action is steadily upwards, and the coin price has broken above the resistance present at $77 level as this was a crucial resistance zone, and as a result, the coin price is touching $78.4 now. As the bullish momentum has been quite steady since yesterday, we expect AVAX/USD to march further high later today and challenge the resistance present at $81.1 as there are imminent chances for bulls to continue their lead.
ALong
by tiosandsalis
GBPUSD: Flag-Power predicted FOMC outcome yesterdayGBPUSD Update Flag-Power: 2 strikes on lower parallel = Hot Sterling stood up well yesterday: the flag was telling us way in advance of the FOMC meeting today. Up from 1.3304-1.3312 entry levels it's up about 100 pips so far out of the 500 pips minimum upside target here, at 1.380 and higher. Look to buy dips here with a near term upside target at 1.3502/the upper parallel and close out on the first strike. Buy back from 40 pips lower down and potentially from 1.3456 at lowest before it rallies again. Once the upper parallel is broken at 1.3500 it should rally very well, to 1.380 minimum and higher still over the medium term. The pattern shows the market hasn't really got a clue what's going to happen here yet. Time, as always, will tell us whether the chart is right over the medium term, or the market.
Long
by sumastardon
BCHUSD Speccy Buy hereBCHUSD This short back to 1178-1123 range was going OK until that horrible spike around 19.30 GMT which stopped us out for rather sad 110 to 160 point profit when there was so much more downside left here. Still, we went long again at 1178-1123 range with a low at 1125 so no stops were hit in the final flush we were looking for. Sadly, have been so caught up in Bitcoin that this call has been left unattended. Bad. That high at 1545 and the pin bar it left at the top was surely the best invitiation even a newbie could get to close out. Please say: Yes! 400 points profit in 5 hours flat if you agreed. Now BCH is coming back to test 1349 support, roughly 50% of the rally. It's back to being a speccy buy again here (1350-1336, with stops under 1330) for small loss if wrong. Hopefully you can afford it now...
BLong
by sumastardon