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29TH MARCH LATEST CRYPTO NEWS DIGITAL MAGAZINE

Bitcoin’s strong rally in the past two days has erased the losses for 2022. This has pushed the Crypto Fear and Greed Index into the “greed” territory. Interestingly, just a week back, the index was languishing in the “fear” zone. This shows how a few bullish days could change the investor sentiment quickly. On-chain analytics firm IntoTheBlock recently tweeted that “the balance held by hodlers - addresses holding >1year, is currently at ath (all-time high). Hodlers increased their positions by 17% since late November.

These addresses remained unfazed and accumulated throughout Q1 of 2022.” Along with increased institutional interest, the purchase by the Luna Foundation may also have boosted sentiment. Do Kwon, the co-founder and chief executive officer of the firm behind the Terra blockchain, said to Bloomberg that it had purchased more than $1 billion in Bitcoin, with the latest purchase of about $135 million done on Monday

We said in our previous analysis that $45,855 may act as resistance but if bulls push the price above it, the rally could reach the 200-day simple moving average (SMA) and that is how it happened.

The long wick on March 28 candlestick shows that bears are attempting to stall the rally at the 200-day SMA. If the price turns down from this level but does not drop below $45,855, it will suggest that the previous resistance has turned into support. This increases the possibility of a break above the 200-day SMA.

If that happens, the BTC/USD pair could start its rally to $52,000 where the bears may again mount a strong defence. If the price turns down from the 200-day SMA and plummets below $45,855, it will suggest that the short-term traders who may have purchased at lower levels are closing their positions.

That could open the doors for a possible drop to $42,500. If that happens, the pair may remain rangebound between the moving averages for a few days

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!


– HAVE NFT
– MetFX
– XMetaFans
– Ernest in Disguise
– 3QualiTy
– Nunu Spirits

– Ninja Fantasy Trader
– Artex
– Bashoswap
– bitcci
– Faith Tribe
– Maxxer

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

We said in our previous analysis that $45,855 may act as resistance but if bulls push the price above it, the rally could reach the 200-day simple moving average (SMA) and that is how it happened.

The long wick on March 28 candlestick shows that bears are attempting to stall the rally at the 200-day SMA. If the price turns down from this level but does not drop below $45,855, it will suggest that the previous resistance has turned into support. This increases the possibility of a break above the 200-day SMA  Read more

ETHEREUM – ETH/GBP

We projected Ether to reach the 200-day SMA in our previous analysis and that happened on March 28. The long wick on the day’s candlestick suggests that bears are trying to defend this level.

If the price turns down from the 200-day SMA, the ETH/USD pair could drop to the strong support at $3,045. If the price rebounds off this level, the bulls will again try to push the pair above the overhead resistance.  Read more

RIPPLE – XRP/GBP

We said in our previous analysis that XRP is likely to face strong resistance at the 200-day SMA and that is what happened on March 28. The long wick on the day’s candlestick indicates that bears are defending the level with vigour.

However, if bulls do not allow the price to slip below the breakout level, it will suggest that traders are buying on dips. That will enhance the prospects of a break above the 200-day SMA. Read more

LUNA/USD

Terra’s LUNA token bounced off the uptrend line on March 26 and the RSI broke above the downtrend line, indicating that the bulls are back in the game.

Although the long wick on the March 28 candlestick indicates selling near the all-time high, the bulls did not waste time and resumed their purchase today. The buyers have pushed the price above the previous all-time high at $104.73.  Read more

BINANCE – BNB/GBP

We suggested traders turn positive on a breakout from the triangle and that proved to be the right thing to do.

Binance Coin broke and closed above the resistance line of the triangle on March 23 and has continued to move up since then. The BNB/USD pair formed a shooting star candlestick pattern on March 28, indicating that bears are attempting to stall the recovery.  Read more

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NFT MARKET SUMMARY

Speed is the essence of the crypto and NFT space. Developments within the space are taking place at breakneck speed. Considering the very nature of the digital world, some of the developments are quite expected. There is a huge amount of venture capital money that is pouring into this sector, with new funds being launched every few days. This is fueling certain astoundingly fast developments in the fledgling space. One such development is consolidation, where relatively big players acquire smaller players with great future potential, thereby strengthening their share and grip in the market. Such developments are usually seen in more mature industries and spaces but that trend has already caught the NFT space, even when the space itself is still evolving. Yuga Labs, creators of some of the most popular NFT collections, has acquired the intellectual property of two NFT collections from Larva Labs. Read on to find more.

Bashoswap: Best Multi-Protocol Decentralised Exchange

The cryptocurrency landscape is currently expanding at a rapid pace in both products and users. Uniswap, which is an Ethereum-based  decentralised exchange, is one of the most important and massively used tools. However, it is difficult for the majority of people to trade tokens on the Uniswap DEX because of the high cost of gas, slow transactions, and overlapping of liquidity. Many automated market makers (AMMs) have this similar problem of overlapping liquidity on the Ethereum blockchain. However, Bashoswap, a decentralised exchange (DEX) based on Cardano, will be developing an accelerator platform that will allow shared liquidity. It will also have some other advanced new features that will be added to the platform at a later stage. Read more

Artex: Tokenising the Art Industry

Almost everyone has heard of NFTs, cryptocurrencies, digital art, and a bunch of other jargon. Tokenising art has likely been the subject of a lot of discussion over the last months. Essentially, you are turning your work into an NFT (non-fungible token), which enables verification of the piece’s authenticity and, ultimately, access to a vast new market. Blockchain allows the trade of digital assets and non-bankable assets such as real estate and art. Artex is a project of this kind that is aimed at providing maximum value to its investors. In this article, we will learn more about the Artex platform. Read more

How HAVE NFT empowers veterans to thrive in the decentralized economy

Introduction to HAVE NFT

We are, by now, familiar with the various ways in which new technologies have or are benefiting Wall Street traders and Big Tech investors. Eventually, some of the benefits also trickle down to retail investors and certain segments of society. Read more

Faith Tribe: World’s Best Ecosystem for Creators & Designers!

Aspiring designers from different walks of life often struggle to make their mark in the fashion industry. Even though the sector generates a massive economic revenue of $3 trillion, independent designers with the finest skills, experience and talent find themselves trapped within a never-ending battle of building their reputation in the industry. 

And, as the fashion industry moves into the gaming environment, metaverse and Web3, are independent designers getting their fair chance? 

Nunu Spirits Announces IDO and TGE

Nunu Spirits – a 3D game world built on a play-to-earn ecosystem where every Nunu NFT has the chance to become a real tree, planted in the real world – has announced their Token Generation Event (TGE) will take place on March 30th and their hosting a bonus IDO today, March 28th!

The bonus IDO will begin at 10 AM UTC on the DAOLaunch IDO launchpad. For more information on how to participate, check out DAOLaunch’s recent article about the Nunu Spirits IDO

The Nunu Spirits TGE will follow just a few days after on March 30th with the launch of their token – NNT – on PancakeSwap and Trader Joe, two of the most popular decentralized exchanges (DEX). The Nunu Spirits team has stated they’re in talks with several centralized exchanges (CEX) as well. Read more

Charitable Giving Gets a Boost with New Cryptocurrency 3QualiTY

Newly launched fintech firm, 3QualiTy, provides a bridge between cryptocurrencies and charitable giving. While on a mission to offer relief to numerous communities in need, the company is also creating a platform where donors who give access multiple streams of revenue. 

With a #Give2Earn mission, 3QualiTy , a New York-based company founded in January 2022, exists “to help those who really need help no matter the person’s color, class or belief system without bias by securing the interface between charity and decentralized ledger technology.

XmetaFans Launches an Immersive Virtual Reality Technology for the Adult Entertainment Industry

XmetaFans has adopted virtual reality technology to establish an enthusiastic content streaming platform for its users in the entertainment industry in a decentralised finance ecosystem.

XmetaFans is a Binance Smart Chain based platform, committed to creating a secure and alternative income source for the online entertainment industry by monetising content and live performances in Full HD, 3D, 4K and VR formats in its ecosystem. The platform will provide a safe community for its users, including content creators, by providing a DeFi network. Thus, eliminating third parties and keeping the users anonymous.

Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner

A high-ranking Russian official says that the nation is considering accepting Bitcoin (BTC) as payment for its fuel exports. According to a new report by the BBC, Zavalny, who is the Chairman of Russia’s Energy Committee, says that nations that are considered “friendly” toward Russia can pay for oil and gas using their own currencies

Bank Of England Collaborates With MIT To Research On CBDC

T he Bank of England has decided to collaborate with MIT regarding the development of a CBDC. The Bank of England is the latest bank that has expressed interest in exploring the scope of a CBDC. This latest partnership is with MIT’s Media Lab’s Digital Currency Initiative, through which BoE seeks to inspect and understand potential challenges, risks, and opportunities associated with developing a central bank digital currency. It would be a Twelve-month long research project as mentioned by the BoE.

Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered

T he Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some questions regarding the taxation of cryptocurrency exchanges Monday in Lok Sabha, the lower house of parliament.