13TH SEPTEMBER LATEST CRYPTO NEWS DIGITAL MAGAZINE
The United States dollar index (DXY) which has been in a strong uptrend for the past several weeks is showing signs of topping out. This bodes well for risky assets as they move in inverse correlation to the DXY. Investors seem to believe that inflation may have peaked and the Federal Reserve may slow down its aggressive pace of rate hikes after the September meeting.
Credit Suisse chief US equity strategist Jonathan Golub said while speaking to CNBC that inflation is likely to “collapse” over the next 12 to 18 months. Reduced gas prices at the gas station and a decline in food prices are showing early signs that inflation may be headed southward. If that happens, Golub expects the Fed to signal a pause with their rate hikes over the next four to six months, triggering a strong market rally
Bitcoin behaved the way we had projected in the previous analysis. It broke below $19,500 on September 6 and reached the $18,600 to $17,567.45 support zone on September 7. This zone attracted strong buying as we had expected and the BTC/USD pair turned up from $18,527 on September 7.
The bulls pushed the price above the overhead resistance of $20,715 on September 9 and propelled the pair to the 50-day simple moving average (SMA). The 20-day exponential moving average (EMA) has started to turn up and the relative strength index (RSI) has jumped into positive territory. This suggests that bulls have the upper hand. If buyers sustain the price above the 50-day SMA for two more days, the possibility of a rally to the overhead resistance at $25,000 increases.
The bulls will have to clear this hurdle to signal the start of a new uptrend. To invalidate this positive view, the bears will have to sink the price back below the moving averages. If they succeed, the pair could again drop to the $18,600 to $17,567.45 support zone
Lastly please check out the advancement’s happening in the cryptocurrency world.
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FEATURING IN THIS WEEKS EDITION
– XRPayNet
– Manilla Finance
– Gauss
– Medabots
– MetaFrames
– Cardalonia
– Age of Zalmoxis
– indu4.0
CRYPTO TRADE OPPORTUNITIES
BITCOIN – BTC/GBP
Bitcoin behaved the way we had projected in the previous analysis. It broke below $19,500 on September 6 and reached the $18,600 to $17,567.45 support zone on September 7. This zone attracted strong buying as we had expected and the BTC/USD pair turned up from $18,527 on September 7. The bulls pushed the price above the overhead resistance of $20,715 on September 9 Read more
ETHEREUM – ETH/GBP
Ether climbed above the $1,700 resistance on September 9 but the bulls could not continue the up-move as bears mounted a strong defense near $1,800. The price turned down and dropped below $1,700 on September 13 which is an important level to keep an eye on. Read more
RIPPLE – XRP/GBP
XRP has been in a bottoming formation for the past many weeks. Both moving averages have been crisscrossing each other and the RSI is just above the midpoint, indicating a balance between supply and demand. Read more
CARDANO/USD
Cardano rose above the 50-day SMA on September 4 and we expected the rally to continue toward the stiff overhead resistance at $0.60 but that did not happen. The bears pulled the price back below the moving Read more
BINANCE – BNB/GBP
Binance Coin plummeted below the strong support of $276 on September 6 but the bears could not capitalize on this weakness. The bulls bought the dip aggressively and pushed the price back above $276 on September 7. Read more
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Medabots: Earn money while playing the first AAA crypto game!
The video gaming industry has seen exponential growth in the last few years, especially during the pandemic, when people were stuck at home for weeks and months. Another factor that has significantly drove the global gaming market is the integration of blockchain technology in gaming.
Blockchain, as we all know, is a decentralized and distributed ledger that enables secure transactions and maintains all the records. These features have opened up new opportunities for businesses that want to create decentralized gaming apps and is widely believed to be the next big thing in the gaming industry. Read more
A KID called Beast: Fundamentals and price movements
The hype surrounding non-fungible tokens or NFT have, in recent times, attracted the interests of some of the major global brands, which are experimenting with the technology to connect with their customers, fans and improve their relationship with them. The total number of NFT transactions globally is likely to rise from 24 million in 2022 to 40 million by 2027, according to some industry estimates. Moreover, metaverse-linked NFT will be the fastest-growing NFT segment over the next five years and will increase from 600,000 transactions in 2022 to 9.8 million transactions by 2027. Read more
XRPAYNET-The World’s Most Versatile Payment Network
XRPayNet will revolutionize the online transfer of money. When clients pay using crypto, XRPayNet helps the merchant get the cash in whichever fiat currency they accept. Using their card and smartphone application will make the transition from cryptocurrency to fiat currency smooth for both consumers and merchants.
The people holding crypto are around 300 million. However, there are no places they can spend it. Many businesses are afraid to accept cryptos due to their volatility. Very few companies take the risk of accepting crypto payments. Read more
NFT Market Summary September 13, 2022
Man proposes. God disposes. This seems to have happened with a NFT project that was launched only two months ago and which was dedicated to Britain’s Queen Elizabeth II. The plan of the NFT project was to release commemorative artworks consistently for the remainder of the Queen’s reign.
However, little did the team behind the NFT project imagine that the lifespan of the project would be limited to just two months, although secondary sales of those NFT have increased significantly since the demise of the Queen. Read more
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Platinum Crypto Academy provides training to all individuals who wish to take advantage of the phenomenal opportunities that this digital currency revolution presents. Platinum has been providing trading education for over 5 years and is perfectly poised to support you in your quest to becoming a Cryptonaire.
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