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12TH JULY LATEST CRYPTO NEWS DIGITAL MAGAZINE

Expectations of an aggressive monetary tightening by the United States have sent the US dollar index (DXY) soaring to a 20-year high above 108. Arthur Hayes, former CEO of derivatives trading platform BitMEX, tweeted on July 11 that the parity between the US dollar and the euro could force the central banks to resort to yield curve control.

That could lead to the disintegration of the currency and trigger a massive rally in Bitcoin. Hayes asked his followers to “be patient” as this could take time. Several analysts believe that Bitcoin will turn around after the Federal Reserve reverses its monetary tightening. And for that to happen, inflation needs to come down. There is a silver lining for the long-term investors as the inflation expectation for the three-year ahead period fell to 3.6% in June from 3.9% a month earlier, according to the New York Fed’s June Survey of Consumer Expectations published on July 11.

Bitcoin rallied above the 20-day exponential moving average on July 7 but the bulls could not build upon this advantage. The bears sold near $22,500 on July 8 and pulled the price back below the 20-day EMA on July 10. The BTC/USD pair is trading inside an ascending channel pattern.

The bears will now attempt to pull the price to the support line, which is likely to attract buyers. If the price rebounds off the support line, the pair could rise to the 20-day EMA and then to the resistance line of the channel. The 20-day EMA is flat but the relative strength index (RSI) in the negative territory indicates a minor advantage to sellers.

If the price breaks below the channel, the bears will try to pull the pair to the strong support zone of $18,603 to $17,567.45. This remains an important zone to keep an eye on because if it cracks, the selling could intensify.

The pair could then plummet to $16,000 and later to $14,000. The bulls will have to push and sustain the price above the 50-day simple moving average (SMA) to indicate a potential trend change.

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

Enjoy the issue!

FEATURING IN THIS WEEKS EDITION

– Solidus AI Tech
– Cardalonia
– AiBook.Art
– LunaOne

– DDC
– Globiance
– Brise Paradise

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bitcoin rallied above the 20-day exponential moving average on July 7 but the bulls could not build upon this advantage. The bears sold near $22,500 on July 8 and pulled the price back below the 20-day EMA on July 10.

The BTC/USD pair is trading inside an ascending channel pattern. The bears will now attempt to pull the price to the support line, which is likely to attract buyers. Read more

ETHEREUM – ETH/GBP

Ether rose above the 20-day EMA on July 7 but the bulls could not clear the overhead resistance at $1,280. This indicates that the bears are defending this level with vigour.

The ETH/USD pair slipped below the 20-day EMA on July 10 and could drop to the strong support at $990. A strong rebound off this level could keep the pair stuck between $990 and $1,280 for a few days.

The 20-day EMA is flattish but the RSI has dropped below 39, suggesting that bears have a slight edge. Read more

RIPPLE – XRP/GBP

XRP is consolidating in a downtrend. The price turned down from the 50-day SMA on July 8 and the bears pulled the price below the 20-day EMA on July 10. The XRP/USD pair could now drop to the strong support at $0.29.

If the price rebounds off this level with strength, it will suggest that the pair may spend some more time inside the range between $0.29 and $0.38. The gradually downsloping moving averages and the RSI in the negative territory suggest that bears have the upper hand. Read more

CARDANO/USD

The bulls repeatedly failed to push and sustain Cardano above the 20-day EMA between July 7 to July 10. This indicates that bears are defending the zone between the 20-day EMA and the 50-day SMA with all their might.

The ADA/USD pair turned down from the 20-day EMA on July 10 and plunged to the strong support at $0.43. If this level cracks, the bears could challenge the critical support at $0.39. Read more

BINANCE – BNB/GBP

Binance Coin rose above the 20-day EMA on July 6 but the bulls could not push the price to the 50-day SMA. This suggests that demand dries up at higher levels. The bears pulled the price back below the 20-day EMA on July 11. The BNB/USD pair could now decline to the crucial support at $211.

This is an important level to keep an eye on because a strong rebound off it will suggest that bulls are attempting to form a floor at $211. The pair could then again attempt a rally to the 50-day SMA. Read more

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

Lunaone – Launching Society On The Blockchain

Web 3.0 and metaverse are currently two of the most popular and trending buzzwords in the tech sector. While both imply decentralization of data and information, the blockchain concept that overlaps between the two is still at a nascent stage. The excitement around both seem unabated, nonetheless. 

Web 3.0 is a blockchain-based digital platform that allows users to create, share and codify information in a decentralized environment. It helps users to create, control and monetise their own content and, so it is called the next generation of the internet, where users have control over their own creations. They can engage with the data using artificial intelligence and machine learning technologies.  Read more

DDC: A Unique NFT Series from a WWII POW

It is believed that more prisoners (POW) were taken during the Second World War (WWII) than in any other conflict. When one of those POW becomes the oldest living NFT artist and creates a 3,000-piece NFT collectible series, it surely sets new world records.

Peace 101 is an art collection by 101-year old NFT artist Robert (Bob) McAdam, a PhD and a former WWII POW in Nazi Germany, a Purple Heart recipient and a lifelong University educator. He is no stranger to world records, as he has twice broken the world record as  a 5K athlete at the ages of 96 and 97 and a lifelong celebrated athlete.

Peace 101 is a profound call for global peace at its most central focal point, and it is a piece of history. The commemorative generative NFT art series collection is a collaboration featuring hand-painted art from McAdam with numerous digital features and overlays generated by the Digital Development Corporation (DDC), which completes the art. Read more

Cardalonia Token Pre-Sale Goes Live

The Cardano Metaverse project, Cardalonia, is happy to announce its pre-sale is live. It has been live from the 5th of July and will be on for 45 days until mid-August, not unless the hard cap is reached. This is a golden chance for fans to access the tokens before they go live on exchanges. Participating in the pre-sale also means users can access the tokens at a discounted price.

To participate in the pre-sale, one needs ADA, which is the main currency of the Cardano blockchain. The tokens can be purchased from the official website. One ADA is the equivalent of 12 Cardalonia tokens.

$LONIA is the native currency of the Cardalonia ecosystem. This is the first community-driven metaverse project on Cardano Read more

Solidus AI Tech NFT Project, Meta Battlebots, Metaverse and Play-2-Earn Gaming Platform Launch

Solidus Ai Tech, an artificial intelligence cryptocurrency company, is launching their Meta Battlebots project. 

As earlier rumoured to drop Meta Battlebots in the month of July is no longer a rumour and it is finally here allowing Metaverse and Play-2-Earn projects to purchase high-performance computing power and Ai services through the company’s native token, AITECH. 

Meta Battlebots, a collection of 10,000 NFTs, have based their attributes on US Military rankings. With the Battlebot’s rarity trait, Battlebot holders will be able to gain early access to the Play2Earn game that is currently under construction in the Metaverse. In addition, participants who participate and win battles, will be able to earn extra tokens for their victory as well as gain an added advantage of receiving discounts on possible upgrades in the game.  Read more

Aibook’s Nft Collection, Based On Quotes From Famous Writers, To Launch In September

AiBook, a decentralized platform built on the Ethereum blockchain network, plans to launch a collection of NFT in September, that will be based on quotes from some of the world’s most prolific and widely-read writers of all time. The collection will have a total of 7,000 NFT, with each priced at US $50 apiece and each quote will be linked to the exact author and exact book. 

The authors, whose quotes will be featured, include some of famous ones of all time such as Charles Dickens, Jane Austen, Mark Twain, Oscar Wilde, Alexander Duma, Lewis Carroll and Jules Verne. Investors in the AiBook NFT collection will get to choose between three quotes from a classic literature author of their own choice. Read more