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    Cryptonaire Weekly Magazine 235th Edition Is Out Now, May 26, 2022 at 9:21 AM
  1. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 235TH EDITION IS OUT NOW
    The #1 CRYPTO TRADING MAGAZINE

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    ❖ Latest Crypto News Digital Magazine

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    Fears of a recession, supply chain issues, a China lockdown, and tightening monetary conditions led investors to trim exposure to risky assets last week. The Dow Jones
    Industrial Average recorded its firstever eighth-straight weekly loss since 1923. Identically, Bitcoin also made history by closing in the red for the eighth consecutive week.

    Although the US equities markets made a strong comeback on May 23, Bitcoin continues to struggle above $30,000. One of the reasons could be that after the collapse of
    TerraUSD and LUNA, institutional investors are likely to tread cautiously as the crypto space could come under regulatory scrutiny.

    Galaxy Investment Partners CEO Michael Novogratz warned his Twitter followers that in 2018, altcoins had fallen more than 95%. Currently, altcoins are down about
    80%. This implies that if history repeats, altcoins could fall another 70% from here. Hence, instead of picking bottoms, Novogratz suggests investors “scale in slowly.”

    Bitcoin’s recovery attempts repeatedly turned down from the downtrend line in the past few days. This suggests that bears are defending the level with vigour.

    The bears will now attempt to pull the price below the strong support at $28,800. If they manage to do that, it will open the doors for a possible drop to $25,338.53. This is an important level to keep an eye on because if it gives way, the selling could accelerate and the BTC/USD pair could drop to the psychological level of
    $20,000.

    On the contrary, if the price rebounds off the current level, it will suggest that bulls are accumulating on dips to $28,800. The buyers will then make another attempt to push the pair above the downtrend line.

    If they succeed, the pair could rise to the 20-day exponential moving average (EMA). If the price turns down from this level, it will suggest that bears continue to sell at higher levels. The bears will then again try to sink the pair below $28,800.

    Alternatively, if bulls thrust the price above the 20-day EMA, it will suggest that the downtrend is weakening. The pair will then attempt a rally to the 50-day simple moving average (SMA).

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - LunaOne

    - Inddais

    - Bancambios

    - Smartchem (SMAC)

    - PlutusFi

    - Faith Tribe

    - AppZaloot

    - Hubble Protocol

    - CleanCarbon

    - ZiberBugs


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Binance took just 5 minutes to get over loss of $1.6B in LUNA

    Bitcoin Unable to Hold $30K, Altcoins Mixed

    G7 Leaders Urge for Swift Regulation of Crypto Assets in Latest Meeting

    FTX Token Becomes Second-Largest Holdings Among Ethereum Whales

    LunaOne Announces a 25% Bonus for its XLN Tokens

    Faith Tribe Provides Independent Creators an Entry into the Metaverse

    The Rise Of Inddais, A Link Between Crypto And Mining

    Hubble: A Decentralised Platform That Makes Use Of USDH Stable Coins

    Hubble Platform: Censorship-Resistant and Decentralised

    CleanCarbon – An Eco-friendly Business Model for a Pollution-free World


  2. Cryptonaire Weekly Magazine 234th Edition Is Out Now, May 19, 2022
  3. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 234TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Crypto’s sharp fall in tandem with the stocks puts into question the narrative of digital assets being an uncorrelated asset. The three-month correlation between Bitcoin, Ether and the major US stock indexes reached between 0.67 and 0.78 last week, according to Dow Jones Market Data.

    Miller Value Partners Chairman Bill Miller in an interview with CNBC said that he had held on to a large portion of his Bitcoin holdings but had to sell some to satisfy margin calls. However, he remains bullish on Bitcoin. He said: "I’ve been through at least three declines of over 80%. I own it as an insurance policy against financial catastrophe. ... I haven’t heard a good argument yet why anybody shouldn’t put at least 1% of their liquid net worth in bitcoin," CoinDesk reported.

    The big question worrying investors is whether to buy now or to wait for a further decline before purchasing. Arthur Hayes, former CEO of Bitmex, said in a blog post that “crypto capital markets must be allowed time to heal after the blood letting concludes.” He expects to become a buyer in Bitcoin near $20,000 and Ether at $1,300.

    We had mentioned in our previous analysis that bulls will attempt to aggressively defend the zone between $30,000 and $28,800 and that is what happened. Although Bitcoin dipped to $25,338.53 on May 12, the long tail on the day’s candlestick shows strong buying at lower levels.

    That started a rebound in the BTC/USD pair which is facing resistance near $31,500. The bears tried to sink the price back below $28,800 on May 16 but the bulls held their ground. The buyers will now make another attempt to push the price to the 20-day exponential moving average (EMA).

    If the price turns down from this level, it will suggest that the sentiment remains negative and traders are selling on rallies. That could increase the possibility of a break below $28,800.

    If that happens, the pair may drop to $25,338.53. A break and close below this support could open the doors for a possible drop to $20,000.

    This negative view could invalidate in the short term if bulls propel the price above the 20-day EMA. Such a move will suggest that demand exceeds supply and the pair could then rise to the overhead resistance at $37,000.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Maxxer

    - LunaOne

    - PlayPoint

    - Smartchem (SMAC)

    - Bancambios

    - AppZaloot

    - Solidray

    - ZiberBugs

    - CleanCarbon

    - PlutusFi


    Read More
    CRYPTO TRADE OPPORTUNITIES

    The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for Crypto

    The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

    Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF

    Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products

    SmartChem ICO: Green Chemistry Blockchain Project

    AppZaloot: A Social Media Platform For Community Engagement

    Solidray ICO Offers Platform Participation at Discounted Price

    LunaOne Announces a 25% Bonus for its XLN Tokens

    Maxxer: The New Standard of Crypto Exchanges!

    ZiberBugs: Discover the Gaming System of the New Era

    CleanCarbon: A DeFi Solution to World Pollution

  4. Cryptonaire Weekly Magazine 233rd Edition Is Out Now, May 12, 2022
  5. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 233RD EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    TerraUSD (UST) the algorithmic stablecoin of the Terra blockchain lost its peg to the US dollar and dropped to a low of $0.67 on May 10. Terra’s LUNA token, which is used to back UST has also been in a tailspin plunging more than 52% on May 9.

    Analysts fear that if the Luna Foundation Guard, tasked to defend the peg of the UST to USD, is forced to liquidate its Bitcoin holdings, that could create more panic and result in further liquidations.

    On-chain market intelligence firm Glassnode highlighted in a recent report that Bitcoin had declined between 77.2% to 85.5% from the all-time high during the bear markets of 2015, 2018 and 2020. Network profitability has also declined to the precapitulation levels seen during 2018, late 2019 bear and March 2020. Glassnode warned that “further downside remains a risk, and would be within the realm of historical cycle performance."

    Bitcoin turned down from the 20-day exponential moving average (EMA) on May 5 and plunged below the $37,000 support. This aggravated selling and the BTC/USD pair plummeted to $32,933 as we had projected in our previous analysis.

    The sharp fall of the past few days has pulled the relative strength index (RSI) into the oversold zone, indicating that the selling may have been overdone in the short term. This points to a possible consolidation or a relief rally in the near term.

    The bulls are likely to defend the zone between $30,000 and $28,800 with all their might but the recovery is likely to face stiff resistance in the zone between $33,670 and $34,886.

    If the price turns down from this zone aggressively, it will suggest that the sentiment remains negative and traders are selling at higher levels. That could increase the possibility of a break below $28,800. If that happens, the pair may enter a capitulation phase and drop to $25,000 and later to $20,000.

    On the upside, the 20-day EMA is the key level to keep an eye on. If the price rises and maintains above this level, it will suggest that bears may be losing their grip. The pair could then rally to $37,000.

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

    Enjoy the issue!

    Featuring in this week's Edition:

    - Bancambios

    - Playpoint

    - Smartchem (SMAC)

    - AppZaloot

    - Artex

    - Ernest in Disguise

    - Yieldchain

    - CleanCarbon

    - World Mobile Token

    - PlutusFi

    - ZiberBugs

    - Faith Tribe

    - Solidray

    - Loop Ventures


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Bitcoin Recovers to $32K After Dipping Below $30K to 10-Month Low

    Three new crypto ETFs to begin trading in Australia this week

    Crypto presents golden opportunity for UK to take back financial crown post-Brexit

    Terra Stablecoin Peg Slips Below $0.70—Despite Loan From Bitcoin Reserves

    Artex: Bring Art Investment to the Next Level!

    Ernest Comics Nexus: Welcome to our Launch Presentation

    Bancambios Announces the Launch of its First ESG-driven DeFi INDEX

    CleanCarbon Opens up Second Token Pre-Sale for All, Launch Set on May 08

    WMT token listed on Eight Exchanges: KuCoin,ZB, Bitrue, BItmart, MuesliSwop, SundaeSwop, Minswop and MEXC Global

    Faith Tribe: An Inclusive Platform For Fashion NFTs!

    Solidray: A Safe Space for the Blockchain Community

  6. Cryptonaire Weekly Magazine 232nd Edition Is Out Now, May 5, 2022
  7. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 232ND EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

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    ❖ 232nd Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Bitcoin ended April on a sombre note with a decline of more than 17%. Bitcoin was not the only asset class that faced drubbing in April, the Nasdaq Composite plunged
    13.3% recording its worst monthly performance since October 2008. The S&P 500 had its worst performance since March 2020 as it fell 8.8%.

    During Berkshire Hathway’s annual shareholders’ meeting, Warren Buffet and Charlie Munger doubled down on their criticism of Bitcoin. Buffet said he would not buy all the Bitcoin in the world even if it was offered to him for $25 because according to him, it does not “produce anything” unlike rental property or farmland. Munger went a step ahead and said that Bitcoin is “still likely to go to zero.”

    We had suggested in our previous analysis that the 20-day exponential moving average (EMA) will act as a resistance and that is what happened. Bitcoin turned down from the 20-day EMA on April 28 and dropped near the strong support at $37,000 on May 1.

    The bulls bought the dip but the recovery continues to face selling near the 20-day EMA. If bulls fail to clear this hurdle quickly, the possibility of a drop below $37,000 increases. If that happens, the selling could pick up momentum and the BTC/USD pair could plummet to $34,322 and later to $32,933.

    While the downsloping 20-day EMA signals advantage to bears, the positive divergence on the relative strength index (RSI) suggests that the bearish momentum may be losing steam.

    The first sign of strength will be a break and close above the 20-day EMA. If that happens, the pair could rally to the 50-day simple moving average (SMA) where the bears may again pose a stiff challenge. The bulls will have to clear this hurdle to indicate that the selling pressure has reduced.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Mine Netoork

    - SmartChem (SMAC)

    - AppZaloot

    - Yieldchain

    - Nunu Spirits

    - Loop Ventures

    - Ernest in Disguise

    - PlutusFi

    - ZiberBugs

    - CleanCarbon

    - Have NFT


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Coinbase CEO Predicts One Billion Crypto Users Within a Decade

    EU commissioner calls for global coordination on crypto regulation

    Germany is the number one tax haven for crypto investors with 0% tax rates

    VeChain (VET) Now Accepted As Payment in 2,000,000 Stores Worldwide Thanks to New Partnership

    SMAC Token – Fundamental & Technical Analysis

    MINE Network Introduces Its P2E Mining Game MINEverse

    Yieldchain – Just Opened Their Pre-seed Sale

    Nunu Introduces Nunu Sanctuary, Players’ Home Base

    Loop Ventures Revolutionizes Blockchain Innovation: Loop Ventures Incubator Open for Applications

    Ernest Comics Nexus: Welcome to our Launch Presentation

    PlutusFi Goes Live: Set to Empower Crypto Businesses, Influencers and Enthusiasts

    ZiberBugs: An Innovative PvP Autobattler Model Powered by Blockchain Technology

    CleanCarbon: Innovative Waste-to-Energy Project Based on Blockchain

  8. Cryptonaire Weekly Magazine 226th Edition Is Out Now, Mar 23, 2022
  9. crypto expert


    CRYPTONAIRE WEEKLY MAGAZINE 226TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

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    226th Latest Crypto News Digital Magazine | 22nd March 2022 - Platinum Crypto Academy

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Institutional interest is also showing signs of a pick up in the crypto space. Coindesk said its sources revealed that Bridgewater Associates, the world’s largest hedge fund, is planning to invest in a crypto fund. However, the crypto investment, when compared to Bridgewater’s assets under management, is very small.

    Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg that Bitcoin is unlikely to rally in the current environment, with the Fed tightening and the war in Ukraine. However, Novogratz remains bullish in the long term. He said that Bitcoin should reach $500,000 in five years, else his theory of the Bitcoin
    adoption cycle would prove to be wrong.

    We said in our previous analysis that traders may turn positive on a break above the 50-day simple moving average (SMA) and that proved to be the right strategy to adopt. Bitcoin broke and closed above the downtrend line of the descending triangle on March 16, which invalidated the bearish setup.

    Although the bears tried to pull the price back below the 50-day SMA, the bulls held their ground, indicating buying on dips. The relative strength index (RSI) has jumped into the positive territory, suggesting that bulls have the upper hand.

    Strong buying today has pushed the price above the minor resistance at $42,600. If bulls sustain the price above this level, the BTC/USD pair could rally to $45,855. This level is again likely to act as a stiff resistance.

    If the price turns down from this resistance, the bears will attempt to pull the pair to the 50-day SMA and extend the stay inside the range for a few more days. Conversely, a rally above $45,855 could propel the pair to the 200-day SMA.

    The bullish view will invalidate in the short term if the price turns down and breaks below the 50-day SMA.

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

    Enjoy the issue!

    Featuring in this week's Edition:

    - Ninja Fantasy Trader

    - Bashoswap

    - Jimizz

    - Faith Tribe

    - Digital Arms

    - Onino

    - Smartchem (SMAC)

    - ERNEST IN DISGUISE

    - bitcci

    - Nunu Spirits

    - Asimi

    - Artex

    - Xmetafans

    - Reefer Token

    - Maxxer


    Read More:
    CRYPTO TRADE OPPORTUNITIES

    Bitcoin faces new ‘milestone’ in 2022 as the new forecast predicts BTC price ‘in the millions’

    FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments

    Goldman Sachs Makes Over-The-Counter Bitcoin Trade—First By Major Wall Street Bank

    Bitcoin a Starting Point for Developing Central Bank Digital Currency, Says Big Four Firm Deloitte

    Platinum Crypto Academy’s Collaboration with Bashoswap

    Jimizz ICO has just ended and it’s a success!

    Faith Tribe – A DAO Project Based on Blockchain Technology

    $HNTR Token Whitelist sold out & What’s In-store in 2022 for Digital Arms

    ONINO Farm Making Milestones in the Crypto Sphere: Boosting Liquidity and Launching on Hotbit

    SMAC Token and Its Amazing Features

    Ninja Fantasy Trader – This startup is gamifying crypto trading with a metaverse experience

    bitcci: Enhance the Lives of Sex Workers!

    Nunu Spirits: NFT gaming ecosystem helps to promote greenery in real life!

    REEFER Token: Using Blockchain to Transform the Cannabis Industry!

  10. Smac Token And Its Amazing Features, Mar 21, 2022
  11. crypto expert

    SMAC Token and Its Amazing Features

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    Intelligent Fluids® GmbH, a German DeepTech company offering Green Chemistry , launched their own cryptocurrency: SMAC Token. Intelligent Fluids (Smartchem) provides fast, environmentally friendly and safe industrial cleaning without using toxic chemicals. Through the creation of SMAC tokens, users can easily support and participate in environmental friendly projects.

    Smartchem SMACToken SMAC IntelligentFluids cryptocurrencies CryptonaireWeekly platinumcryptoacademy

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  12. Cryptonaire Weekly Magazine 221st Edition Is Out Now, Feb 16, 2022
  13. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 221ST EDITION IS OUT NOW

    [​IMG]

    The #1 CRYPTO TRADING MAGAZINE

    221st Latest Crypto News Digital Magazine

    Although crypto investors believe that Bitcoin is an uncorrelated asset and a store of value similar to gold, its recent price action has been closely correlated to the US tech stocks. According to data compiled by Bloomberg, Bitcoin’s 40-day correlation coefficient with the Nasdaq 100 is close to its all-time highs, indicating that Bitcoin is behaving as a large tech company.

    However, MicroStrategy CEO Michael Saylor is unfazed by the fall in Bitcoin. In a recent interview on Irish economist David McWilliams' podcast, Saylor said that if investors are not prepared to hold Bitcoin for a decade, then they should not hold it even for ten minutes.

    SoFi CEO Anthony Noto told CNBC that he and his family own Bitcoin, Ethereum and a few other cryptocurrencies but added that it was a “very small part” of their overall portfolio as “it’s an unproven asset and highly volatile.” Noto warned companies that “if you don't innovate, and you don't use cryptocurrency as a technology platform, you'll get left behind."

    We had mentioned in our previous analysis that Bitcoin is likely to face stiff resistance in the zone between £32,382.23 and £34,031.76 and that is what happened.

    The BTC/GBP pair dropped to the 20-day exponential moving average on February 14, which has acted as strong support. This suggests a change in sentiment from sell on
    rallies to buy on dips.

    The bulls will again attempt to drive the price above the overhead zone. If they manage to do that, the pair could start a rally to £36,000 and then to the stiff overhead resistance at £39,299.

    However, the bears are unlikely to give up easily. They will try to defend the overhead zone aggressively. If the price turns down from the zone, the bears will try to pull the pair below the 20-day EMA. If they succeed, the pair could drop to the strong support at £29,000.

    Short-term traders may look for buying opportunities on dips as long as the price remains above the 20-day EMA.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Deepsquare

    - Jimizz

    - BOUJEE LEOPARDS CLUB

    - Bitshiba

    - Smartchem (SMAC)

    - bitcci

    - Chosen Ones

    - Faith Tribe

    - Candao

    - Mine Network

    - Onino

    - Hubble Protocol


    Read More
    CRYPTO TRADE OPPORTUNITIES

    The Russian government and the central bank agree to treat Bitcoin as a currency

    Crypto Twitter Reacts to FTX, Coinbase, and Other Bitcoin Ads at the Super Bowl

    Coinbase Plans 2K-Employee Hiring Spree This Year

    Drake Pockets $381,000 From Super Bowl Bitcoin Bets

    Boujee Leopard Club NFT to offer both tangible and virtual benefits

    bitcci, Blockchain platform redefining the sex industry, has on ongoing ICO

    Integrating networks and technologies to enhance the crypto community!

    ONINO – The Multi-Purpose Cross-Chain Metadata Registry


  14. Smac: Awarded The Imagine Chemistry, Global Green Product & Champion Accelerator, Feb 14, 2022
  15. crypto expert

    SMAC: Awarded the Imagine Chemistry, Global Green Product & Champion Accelerator

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    The German SME, Intelligent Fluids GmbH (IFC), located in Leipzig, is ready to bring on companies to support its green chemistry product line. The company has thus launched its project called Smartchem, which aims to create an eco-friendly environment. This project addresses the issue of environmental pollution by implementing safe, solvent-free cleaning and stripping methods.


    Smartchem IFC Atex Uniswap Pancakeswap SMAC CryptonaireWeekly platinumcryptoacademy

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  16. Cryptonaire Weekly Magazine 214th Edition Is Out Now, Dec 30, 2021
  17. crypto expert


    CRYPTONAIRE WEEKLY MAGAZINE 214TH EDITION IS OUT NOW


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    The #1 CRYPTO TRADING MAGAZINE

    The US equity markets are witnessing a Santa rally but Bitcoin has been left behind as it has been trading near the $50,000 level for the past few days. As the year comes to an end, the focus shifts to what Bitcoin could achieve in 2022.

    Mexico’s third-richest person Ricardo Salinas Pliego in his Twitter message called out fiat currencies, the Dollar, the Euro, or the Yen as “fake money made of paper lies.” He told investors to “steer clear of fiat money” and “invest in Bitcoin.”

    Bitcoin broke and closed above the downtrend line on December 23 but the bulls could not sustain the momentum and push the price above the overhead resistance at £39,299.

    This suggests that bears have not yet given up and are selling on rallies. The BTC/GBP pair has turned down from the overhead resistance and could now drop to the 200-day simple moving average.

    The downsloping 50-day SMA and the relative strength index (RSI) in the negative zone indicate that bears are in control. If bears pull the price below £34,000, the
    selling could intensify and the pair could extend its downtrend. Alternatively, if the price rebounds off the 200-day SMA or the support at £34,000, it will suggest that bulls are aggressively buying at lower levels. The pair could then remain range-bound between £39,299 and £34,000 for the next few days.

    A break and close above £39,299 and the 50-day SMA will indicate that the downtrend could be over. The pair could then rally to £45,000 and later retest the all-time high at £51,000. We will wait for the price to break and sustain above £39,299 before recommending a trade in it.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Xanto

    - Bitshiba

    - bitcci

    - World Mobile Token

    - Smartchem (SMAC)

    - DeGethal

    - Deepsquare

    - Mirai Labs

    - Candao

    - Solidus

    - Fren


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Binance Sets Sights on Crypto License in Bahrain

    DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

    Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira

    Nearly 50% of the blockchain industry’s usage comes from games

    bitcci – Revolutionising The Sex Industry

    Intelligent Fluids: The chemical industry embraces blockchain!

    The Importance of DeGethal and DTM Tokens

    Mirai: A sustainable ecosystem based on DeFi, NFTs and GameFi

    XAN – Xanto Biotech Firm Launches Native Token XAN

  18. Cryptonaire Weekly Magazine 209th Edition Is Out Now, Nov 25, 2021
  19. crypto expert


    CRYPTONAIRE WEEKLY MAGAZINE 209TH EDITION IS OUT NOW

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    The #1 CRYPTO TRADING MAGAZINE

    Despite the slight downturn, the institutional adoption of Bitcoin continues to increase. Filings with the United States Securities and Exchange Commission show that four wealth management firms have bought shares in Grayscale’s Bitcoin Investment Trust.

    A survey of about 42,000 people in 27 countries by product comparison website Finder showed a high adoption rate in Asia. Among the countries polled, Vietnam had the highest adoption rate at 41%, while India and Indonesia had a 30% adoption rate.

    Bitcoin’s rally has stalled in the past few days but select altcoins such as Z-Cash, Avalanche and Crypto.com coin CRO have risen sharply. This suggests that traders are focusing on coin-specific stories while Bitcoin takes a breather.

    Bitcoin plunged below the 50-day simple moving average (SMA) on November 18 but the bulls successfully defended the critical support of £41,931 on November 19.

    However, the subsequent rebound fizzled out just above the 50-day SMA, indicating that bears are selling on rallies. The BTC/GBP pair turned down on November 21 and the price has dipped back to the support at £41,931.

    The moving averages are about to complete a bearish crossover and the relative strength index (RSI) is in the negative zone, indicating that the path of least resistance is to the downside.

    If the pair breaks and closes below £41,931, the selling could intensify and the decline could extend to £38,000.

    Contrary to this assumption, if the price rebounds off the current level, it will suggest strong accumulation on dips. The bulls will have to push and sustain the price above the moving averages to indicate that the selling pressure has reduced. The pair could then rise to the overhead resistance at £48,426.53.

    We do not find any reliable setups, hence we are not recommending any trade in it.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - QuiverX

    - $Fren

    - Mirai

    - Feedcoin

    - Mimir

    - Beatbind

    - Smartchem

    - Degethal

    - 99 Defi Network

    - Giving to Service

    - Bitcci

    - Funganomics



    Read More
    CRYPTO TRADE OPPORTUNITIES

    Elrond Announces 1.29 Billion Dollars Liquidity Incentive Program For The Maiar DEX Launch On 19th November

    Just buy it: Nike wants to bring sneakerheads into the Metaverse

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    Mirai announced mission6: “We are ready to accelerate sustainability through crypto!”

    bitcci: Adopting Blockchain For The Sex Industry

    The Advantages of BBND for Fans, Artists, and Event Organisers