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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. Ziberbugs: Discover The Gaming System Of The New Era, May 19, 2022
  3. crypto expert

    ZiberBugs: Discover the Gaming System of the New Era

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    As more and more people sought means of recreation, entertainment and pleasure within the confinements of their homes, demand for video games spiralled over the past couple of years. This silent metamorphosis in people’s behaviour helped the global video games grow to over US 180 billion in market capitalisation.

    Ziberbugs $PHERO Blockchain PVP Crypto Ecosystem NFT DEX PVE Cryptocurrency CryptonaireWeekly platinumcryptoacademy

    [​IMG]
  4. Cryptonaire Weekly Magazine 234th Edition Is Out Now, May 19, 2022
  5. 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

  6. Cryptonaire Weekly Magazine 233rd Edition Is Out Now, May 12, 2022
  7. 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

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

    CRYPTONAIRE WEEKLY MAGAZINE 232ND EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    ❖ 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

  10. Plutusfi Goes Live: Set To Empower Crypto Businesses, Influencers And Enthusiasts, May 4, 2022
  11. crypto expert

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

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    True to their vision (See further, react faster), PlutusFi has gone live some days ago, bringing in a new dawn for crypto companies and investors.
    Since its SocialFi environment, PlutusFi is the perfect fusion of Web 3.0, finance, and social mechanisms within a blockchain ecosystem.

    PlutusFi PLUFI Crypto Web3.0 Blockchain Ecosystem DAO SaaS NFT Cryptocurrency CryptonaireWeekly platinumcryptoacademy

    [​IMG]
  12. Cryptonaire Weekly Magazine 231st Edition Is Out Now, Apr 27, 2022
  13. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 231ST EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    This could be a cause for concern to the crypto investors because some equity analysts anticipate Nasdaq to correct sharply. Veteran trader Peter Brandt tweeted a chart of the Nasdaq 100 index and highlighted similarities between the current chart structure and the one that formed just before the dotcom crash.

    The weak performance of cryptocurrencies in 2022 and their tight correlation with US equity markets has resulted in sharp withdrawal from crypto exchange-traded funds.
    According to UBS analysis, crypto-ETFs witnessed outflows of $417 million in April, the largest on record.

    Google Trends data has shown that worldwide searches for Bitcoin have fallen off the cliff compared to May 2021 readings. This suggests that the retail interest in Bitcoin may be waning.

    We had suggested in our previous analysis that bulls will aggressively defend the strong support at $37,000 and that is what happened on April 25. Strong buying at lower levels lead to a sharp recovery in Bitcoin from $38,210.

    The BTC/USD pair has reached the 20-day exponential moving average (EMA), which is likely to act as a resistance. If the price turns down sharply from the current level, it will increase the possibility of a drop to $37,000.

    This is an important level to watch out for because a break and close below it could intensify selling and the pair may plummet to $32,933.

    Contrary to this assumption, if buyers drive the price above the 50-day simple moving average (SMA), the bullish momentum could pick up and the pair may rally to the overhead resistance zone between $45,855 and $48,240. The bears are likely to mount a strong defence in this zone.

    Until Bitcoin breaks above $48,240 or plummets below $32,933, volatile random range-bound action is likely to continue.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Loop Ventures

    - ZiberBugs

    - Artex

    - Have NFT

    - Charity Token

    - Maxxer

    - 3QualiTy

    - CleanCarbon

    - Solidray


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Dogecoin Surges Nearly 9% Amid Reports That Twitter Will Accept Musk's Takeover Offer

    Kraken awarded a crypto trading license in the United Arab Emirates

    SEC Adds 'Misleading' Crypto Firms to Public Alert List

    Institutional Investors Scoop Up Discounts on Avalanche (AVAX), Solana (SOL), and Two More Altcoins

    ARTEX: Venture into Artex CEX to Match Art Buyers and Sellers

    What are the investment benefits of HAVE NFT for the veterans?

    CHARITY TOKEN SALE: Crypto with a Cause to Better the World

    Maxxer Beta Announcement & Their Latest Partnerships

    Loop Ventures: The First Unified Investment Platform on Terra

    Charity Token: The perfect token to bring charitable giving to the next level

  14. Cryptonaire Weekly Magazine 230th Edition Is Out Now, Apr 21, 2022
  15. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 230TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    Latest Crypto News Digital Magazine


    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    Bitcoin and Nasdaq 100 have been clobbered in 2022 as both are down about 15% but in the same period, gold has risen about 10%. This shows that in a high inflation, rising rate environment, investors have shunned assets perceived as risky and are sticking to gold, which is a proven inflation hedge.

    Another positive sign has been that Bitcoin balances on the crypto exchanges have continued to decline. Data from on-chain analytics firm CryptoQuant shows that the cumulative balance of Bitcoin at 21 major exchanges has declined to its lowest level since July 2018. This suggests that investors have been withdrawing their Bitcoin to HODL for the long term.

    The buyers attempted to push Bitcoin back above the 50-day simple moving average (SMA) on April 13 and 14 but the bears did not relent. This suggests that bears are trying to flip the 50-day SMA into resistance.

    The bears tried to extend the correction on April 18 but the long tail on the day’s candlestick shows strong buying at lower levels. The recovery is likely to face strong resistance at the moving averages.

    The downsloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in the negative territory suggest that bears have a slight edge.

    If the price turns down from the moving averages, the possibility of a drop to $37,000 increases. The buyers are expected to defend this level aggressively.

    If the price rebounds off $37,000 with strength, it will suggest that the BTC/USD pair could remain range-bound for a few more days.

    If the price turns up from the current level and rises above the 50-day SMA, the short-term momentum may shift in favour of buyers.

    The pair could then rally to $44,000 and later to $45,855.

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

    Enjoy the issue!

    Featuring in this week's Edition:

    - ZiberBugs

    - Solidray

    - Charity Token

    - Loop Vantures

    - Faith Tribe

    - 3QuiliTy

    - Maxxer

    - Ernest in Disguise

    - Hubble Protocol

    - CleanCarbon

    - Have NFT

    - The Assembly

    - bitcci

    - Ninja Fantasy Trader


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Terra’s UST is now the third most valuable stablecoin

    Ripple claims ‘a very big win’ in SEC case

    US Government Warns of North Korean Crypto Attacks After Tying Nation to $625M Hack

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    3QualiTy: Earn FREE Rewards Through Their Platform

    SolidRay: Ecosystem Revamp & Token Sale Updates

    ZiberBugs opens up seed round to its Discord and Telegram communities.

    The Assembly NFT blends gaming and DeFi for real utility and long-term value

    Trade Crypto Together On a Community-Driven Exchange!

    How USDH is the next big thing

    Faith Tribe: Bringing Revolution to the Fashion Industry with Community Token!

  16. Cryptonaire Weekly Magazine 229th Edition Is Out Now, Apr 13, 2022
  17. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 229TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    Latest Crypto News Digital Magazine

    ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

    BitMEX CEO Arthur Hayes said in a blog post that the 10-day correlation between Bitcoin and the Nasdaq 100 Index (NDX) remains high. That means if the Nasdaq enters a meltdown, falling 30% to 50%, then the crypto markets are unlikely to be spared. He expects Bitcoin to plummet to $30,000 and Ether to drop to $2,500 by June of this year.

    Although the near-term price action favours the bears, whales remain bullish for the long term. At the recently concluded Bitcoin 2022 conference in Miami, ARK Invest CEO Cathie Wood reiterated her call for Bitcoin to reach $1 million by 2030. She expects about two and a half percent of institutional assets to be allocated to Bitcoin in the next eight years.

    We cautioned traders in our previous analysis that a break below $44,000 could sink Bitcoin to the 50-day simple moving average (SMA) and that is what happened. The BTC/USD pair turned down sharply on April 6 and reached the 50-day SMA on April 8.

    Although the bulls defended the 50-day SMA from April 8 to April 10, the failure to achieve a strong bounce off it attracted further selling by the bears. The pair plunged below the 50-day SMA on April 11 and broke the psychological support at $40,000.

    If the price sustains below $40,000, the next stop could be the strong support at $37,000. The buyers are likely to defend this level aggressively. If they succeed, the pair could remain stuck inside a large range between $37,000 and the 200-day SMA for a few days.

    Alternatively, if the price turns up from the current level, the buyers will try to push the pair above the 50-day SMA. If that happens, it could signal the formation of a higher low, which may be a bullish sign.

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

    Enjoy the issue!

    Featuring in this week's Edition:

    - CleanCarbon

    - Charity Token

    - Ernest in Disguise

    - Faith Tribe

    - Bashoswap

    - Hubble Protocol

    - loop Ventures

    - DeepSquare

    - bitcci

    - Artex

    - Solidus

    - Have NFT

    - 3QualiTy

    - Ninja Fantasy Trader

    Read More
    CRYPTO TRADE OPPORTUNITIES

    Crypto Market Melts Down as Bitcoin Drops 15%, Ethereum Loses 14%

    More Than $323 Million In Crypto Futures Liquidate Over the Past Day

    Tesla Ventures Into 100% Solar-Powered Bitcoin (BTC) Mining with Jack Dorsey’s Block

    Animoca Acquires Eden Games to Make Crypto Racing Games After F1 Shutdown

    Ernest Comics: Introducing the World’s Best Comic NFTs!

    Faith Tribe Marked Milestones in Early 2022

    Bashoswap Private Sale is Ongoing

    Hubble Protocol stablecoins, USDH and HBB, Capture Value for your Investment

    CleanCarbon: Accelerate the reduction of the carbon footprint from the environment!

    3QualiTy: The platform simplifies charitable giving!

    Solidus AI Tech: Our Intelligence is more than Artificial

    Artex: Bringing Art to the Masses

    Mintable to return NFT stolen in OpenSea exploit

  18. Cryptonaire Weekly Magazine 228th Edition Is Out Now, Apr 6, 2022
  19. crypto expert

    CRYPTONAIRE WEEKLY MAGAZINE 228TH EDITION IS OUT NOW

    The #1 CRYPTO TRADING MAGAZINE

    [​IMG]

    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 week's Edition:

    - Ernest in Disguise

    - 3QualiTy

    - CleanCarbon

    - DeepSquare

    - Loop

    - Bashoswap

    - bitcci

    - Ninja Fantasy Trader

    - Chosen Ones

    - Have NFT

    - Artex


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Just 2 million Bitcoin left to mine: Bitcoin hits the 19 million milestone

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

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