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5TH APRIL LATEST CRYPTO NEWS DIGITAL MAGAZINE

Another milestone of importance was that the 19th millionth Bitcoin was mined on April 1, leaving only 2 million more Bitcoin to be mined. It is expected that the last Bitcoin will be mined in the year 2140. This is likely to shift investors’ focus on the scarcity of the leading cryptocurrency. While Bitcoin remains the leading cryptocurrency, some analysts are projecting greater value in Ether. Arthur Hayes, the former BitMEX CEO, recently highlighted in a blog post that Ether’s upgrade to proof-of-stake could increase its institutional appeal as it will act as an infinite duration bond. This makes Hayes more bullish on Ether than Bitcoin.

He expects Ether to rally above $10,000 by the end of the year. “My crypto portfolio at the beginning of 2022 was 50% Bitcoin and 50% Ether. I have conviction in the cheapness of ETH relative to the rest of the crypto firmament. Therefore, my target allocation is 25% Bitcoin and 75% Ether”, Hayes added.

Bitcoin turned down from the 200-day simple moving average (SMA) on March 29, indicating that bears continue to defend the level aggressively. The sellers tried to sink and sustain the price below the breakout level of $45,855 but the bulls had other plans.

 They purchased the dip on April 1 as seen from the long tail on the day’s candlestick. The buyers have managed to keep the BTC/ USD pair above the critical level of $45,855 but have not been able to push the price above the 200-day SMA.

This indicates that the pair may spend some more time inside a tight range between $44,250 and $48,250. Contrary to this assumption, if buyers propel the price above the 200-day SMA, the upmove could resume.

The pair could then rally to $52,100 where the bears are expected to mount a strong defence. Aggressive traders may consider long positions on a close above the 200-day SMA. On the downside, a break and close below $44,000 could attract profit-booking by the short-term traders. That may pull the price to the 50-day SMA. 

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

Enjoy the issue!


FEATURING IN THIS WEEKS EDITION

– Ernest in Disguise
– 3QualiTy
– CleanCarbon
– DeepSquare
– Loop
– Bashoswap

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bitcoin turned down from the 200-day simple moving average (SMA) on March 29, indicating that bears continue to defend the level aggressively.

The sellers tried to sink and sustain the price below the breakout level of $45,855 but the bulls had other plans. They purchased the dip on April 1 as seen from the long tail on the day’s candlestick.  Read more

ETHEREUM – ETH/GBP

Ether turned down from the 200-day SMA on March 29 but the bulls did not allow the price to sustain below the breakout level of $3,284.75. The strong rebound on April 1 indicates that bulls are actively buying the dips.

The ETH/USD pair broke and closed above the 200-day SMA on April 3 but the bulls have not been able to build upon this momentum. This suggests that bears are trying to pull the price back below the 200-day SMA and trap the aggressive buyers.  Read more

RIPPLE – XRP/GBP

XRP turned down from the 200-day SMA on March 28 and dropped to the 50-day SMA on March 31. The bulls purchased this dip but the rebound lacks conviction. This suggests that the XRP/USD pair may remain stuck between the moving averages.

The relative strength index (RSI) has dropped to the midpoint, which also suggests a consolidation in the near term. Read more

LUNA/USD

We mentioned in our previous analysis that the path of least resistance on Terra’s LUNA token was to the upside and a rally to $115 and then to $125 was possible.

The LUNA/USD pair turned down from $111.50 on March 30 but the bears could not sustain the price below the breakout level at $103.50. The bulls purchased the dip on April 1 and pushed the price above $111.50 on April 2..  Read more

BINANCE – BNB/GBP

Binance Coin turned down from the overhead resistance at $450 on March 31 but the bulls aggressively purchased the dip, resulting in a sharp rebound on April 1.

The buyers will now try to push the price to the 200-day SMA, where they are likely to encounter strong resistance from the bears. However, if bulls do not cede ground to the bears, it will enhance the prospects of a break above the 200-day SMA.  Read more

Subscribe to the latest crypto news digital magazine for the latest updates about profit and loss in cryptocurrency.

Chosen Ones: The future of Play-to-Earn gaming

Online gaming has become a phenomenon that cannot be ignored. There are millions of gamers worldwide, some of whom play professionally, others casually. Despite being a niche industry a year ago, gaming has become the norm for many young people today.

When gamers used to spend the entire day playing games on their computers, they were accused of “wasting their time”. Despite the disadvantages of spending endless hours playing games, this hobby has evolved into one of the most lucrative careers in the world. Today, gaming has become a synonym for fun and a way to make some serious money. 

Bashoswap: An Algorithmic AMM DEX on Cardano

Trading in high-potential DeFi projects will be easy. This follows the launch of Bashoswap on Cardano, plus the on-going plans to include a scalable IDO Launchpad on the same network. Already, a private sale of Bashoswap native token ($BASH) is already in progress.

The launch of Bashoswap is a notable breakthrough in the blockchain space. For one, several DEX platforms have tried integrating their services with Cardano but failed. For instance, Sandaeswap was accused of not being transparent. Read more

bitcci: An Innovation in The Escort Industry Based on Cryptocurrency!

The advent of technology and the increased usage of the internet among people has led to the transformation in the working of various industries. This transformation has also affected the sex industry to a huge extent. The sex industry is assumed to be exciting, full of desires, and glamorous, however, nobody knows the complete picture and is unaware of the various hardships faced by the sex workers working over there.

Sex workers are the centre of the sex industry, even though they are undervalued and their needs are not paid much attention to. They have to cope with differences and challenges in the industry. They often struggle to find solutions to their grievances. Even so, the escort industry tends to function in this manner exclusively, and numerous issues involving the sector go unnoticed. Read more

CleanCarbon: The DeFi Response to World Pollution

CleanCarbon is the first asset-backed, community-driven blockchain project that cleans our planet with its top-notch UHTG technology and dedicated team that works hard to make change happen locally first before it sets sail for global markets. 

The business model offers a unique combination of state-of-the-art DeFi tokenomics, physical token utilities, and Waste-to-Energy installations to solve the waste problem in places worldwide that need it the most. CleanCarbon produces very clean syngas with a very high hydrogen content (between 40-75%) included depending on the input material. The hydrogen is easily separated from the syngas produced using standard techniques and can be recycled.  Read more

ASIMI Token: Universal Online Business Solution for Advertisers and Crypto Enthusiasts

ASIMI, an ads minting platform designed for mass adoption, is delivering a decentralised economy targeting online businesses for better online visibility and earning opportunity. This gesture not only boosts business performance but it also allows individuals to run businesses on their own terms. 

ASIMI can be used as a source of income as well as a source for generating traffic for ads. 

Earn free ASIMI tokens from successful completion of tasks online, watching suggested ads, playing games, and/or completing surveys. In terms of generating traffic, you will be able to access online marketing tools that will provide access to a large database of individuals with similar interests.  Read more

Gensler Wants SEC and CFTC to Regulate Crypto Exchanges Together

S EC Chair Gary Gensler asked staff to coordinate with the CFTC on ways to regulate crypto exchanges that feature both securities and nonsecurities. Crypto exchanges have long asked for clearer guidelines about what coins and tokens they can list. They may be about to get a double dose