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Ethereum Price Prediction: ETH/USD Faces the Higher Side; Price May Head For $2100

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ETH Price Prediction – April 4

The Ethereum steady bullish action is breaking above the $2000 barrier; although, eyes currently glued on $2100.

ETH/USD Market

Key Levels:

Resistance levels: $2300, $2400, $2500

Support levels: $1800, $1700, $1600

ETHUSD – Daily Chart

ETH/USD is seen refreshing to a new high after touching the daily low of $1980 to breaches above $2000 while currently trades at $2075 with a bullish crossover and trend in the intraday. At the time of writing, ETH/USD keeps moving above 9-day and 21-day moving averages. Meanwhile, higher support at $1900 is expected to be a stepping stone for a comeback past $2000 and the majestic rally eyeing a $2100 resistance level.

What to Expect from Ethereum (ETH)

For Ethereum, parallel trade can only take over if the $2000 subsidy is maintained at all costs. Currently, the technical indicator RSI (14) is moving above the 60-level at the moment by sending bullish signals which can finally encourage more buyers to enter the market.

Meanwhile, in as much as the red-line of 9-day MA remains above the green-line of 21-day MA, the coin may continue to do well and the price could hit the resistance levels at $2300, $2400, and $2500 respectively. More so, if the technical indicator decides to make a quick turn back to the lower side, then, there may be a quick bearish drop which may likely roll the market down to the support levels of $1800, $1700, and $1600.

Against BTC, Ethereum is trading above the 9-day and 21-day moving averages as the price is now above the 60-level. For the fact that the market remains in the descending channel, the pair seems to be moving towards the upper boundary of the channel.

ETHBTC – Daily Chart

Meanwhile, if the buyers push the market price above the channel, ETH/BTC may likely reach the resistance levels of 3800 SAT and 4000 SAT. On the other hand, higher selling pressure may likely cancel the bullish pattern and this could attract new sellers coming into the market with the next focus on 3300 SAT and 3100 SAT support levels.

Ethereum Price Prediction: ETH/USD Faces the Higher Side; Price May Head For $2100

Source

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/ethereum-price-prediction-eth-usd-faces-the-higher-side-price-may-head-for-2100/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-price-prediction-eth-usd-faces-the-higher-side-price-may-head-for-2100

Blockchain

Binance to Add Tradable Coinbase Stock Token After the Nasdaq Listing

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With the crypto and perhaps the entire financial world focused on Coinbase’s direct listing scheduled to occur today, Binance announced it will list the stock token after the Nasdaq public listing is complete.

Binance to List COIN/BUSD

CryptoPotato reported the latest initiative from the world’s leading crypto exchange Binance in which the company introduced zero commission tradable stock tokens. The so-called Binance Stock Tokens enable holders to qualify for economic returns on the underlying shares, including potential dividends.

The exchange said the first such token to see the light of day would be Elon Musk’s Tesla. It seems as the initiative has enjoyed a rapid adoption from users as the trading volume has neared $7 million in a matter of days.

Consequently, Binance has decided to expand its portfolio of available stock tokens by introducing a second one, which will also be settled with the exchange’s native stablecoin – BUSD.

“Binance will list the Coinbase Stock Token (COIN) on 2021-04-14 (UTC), during which the COIN/BUSD trading pair will be open. Users will be able to trade fractional Coinbase stock on the Binance website.”

It’s worth noting, though, that the Binance Stock Tokens are not available for everyone. Users based in Mainland China, Turkey, the US, and other restricted jurisdictions are prohibited from trading them.


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Coinbase’s Nasdaq Listing

All eyes are on the largest US-based cryptocurrency exchange today as its direct listing on Nasdaq Global Select Market is scheduled to complete by the end of the working day.

Coinbase averted from using the more traditional IPO process, which requires the usage of intermediaries called underwriters (usually banks) to facilitate the listing. Instead, the company chose the direct listing approach (also known as a direct public offering (DPO)). With it, Coinbase will be able to start selling shares directly to the public without the employment of intermediaries.

The community has outlined numerous potential evaluations ranging from about $90 billion to over $150 billion. The precise number will become known upon the official listing.

Nevertheless, Coinbase going public is highly essential news for the entire cryptocurrency industry as it validates the growth experienced in the past decade or so. Additionally, it opens the door for other firms from the space to follow along, with Kraken, Bakkt, and eToro announcing similar plans.

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Source: https://cryptopotato.com/binance-to-add-tradable-coinbase-stock-token-after-the-nasdaq-listing/

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Blockchain

Coinbase CEO Brian Armstrong Urges for Fair Crypto Regulations

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Ahead of the long-anticipated public listing for his company, Coinbase’s CEO Brian Armstrong asserted that US regulators are wrong in believing cryptocurrencies are primarily used for illicit transactions. He added that the industry wants to be treated on the same playing field as traditional finance when it comes down to legislative frameworks.

Armstrong on Crypto Misconceptions

The belief that digital assets are mainly used for illegal transactions has been going on for years, perhaps since bitcoin’s usage in some dark web marketplaces starting almost a decade ago. Regulators have used it as a good bashing point, and US-based watchdogs have been at the forefront of those attacks.

US Treasury Secretary, Janet Yellen, has repeatedly outlined the alleged massive usage of bitcoin and other cryptocurrencies for terrorist financing, Ponzi schemes, buying illegal goods, and everything in between. Naturally, the Treasury’s FinCEN department proposed quite restrictive legislation, which, however, has been indefinitely postponed.

Brian Armstrong, the CEO of the largest US-based crypto exchange preparing for its direct listing today, touched upon these concerns during a CNBC interview. However, he asserted that cash and even the highly-regulated banking sector are more frequently utilized in illegal transactions than crypto.

He referred to a report published today by the recently launched Crypto Council for Innovation indicating that “less than 1%” of all digital asset transactions have illicit roots. Simultaneously, PwC estimations showed that the percentage is more than 4x higher with the traditional economy, and more specifically cash.


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“The data we have just indicates that crypto is really not uniquely crime written. In fact, the data suggests it’s better than cash in that regard.”

Treat us Equally

Armstrong further outlined the significance of adequate regulation for his company, especially now that it will become public, but also for the entire industry. He suggested that the US should treat the crypto space as other financial sectors.

“We want to be treated on the level playing field with traditional financial services at the very least and not have any kind of punishment for being in the crypto space.”

He also joined Kraken’s CEO, Jesse Powell, saying that the world’s largest country by nominal GDP risks falling further behind other nations, such as China, in terms of crypto and blockchain adoption.

“China has really embraced cryptocurrency and blockchain in a big way – starting from about six years ago. They are substantially far ahead.” – Armstrong added.

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Source: https://cryptopotato.com/coinbase-ceo-brian-armstrong-urges-for-fair-crypto-regulations/

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Blockchain

MakiSwap Raises $1.4M to Build AMM Platform on Huobi Eco Chain

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[Press Release – St, John’s Antigua, Barbuda, 14th April, 2021]

MakiSwap, the number one decentralized exchange on Huobi Eco Chain (Heco), has raised $1.4 million in seed and private funding to build the most robust and feature-rich automated market maker exchange and yield farming platform on Huobi Eco Chain.

The oversubscribed round was led by Inclusion Capital, which incubated and supported MakiSwap in its development efforts. Other participants include Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, AU21 Capital, Xend Finance and others. Jawad Ashraf, Founder of Terra Virtua, also joined the round as an individual investor.

MakiSwap is the leading AMM on Huobi Eco Chain, a high-performance blockchain supporting the Ethereum Virtual Machine. Heco was launched by the Huobi Global exchange and was met with formidable community support in China and the Asia-Pacific region. Heco projects are now shifting their focus to the global market, looking to bring in DeFi users from other regions and other blockchains.

MakiSwap was developed by Unilayer, a cross-chain DEX aggregator and DeFi ecosystem. The exchange offers unique features for an AMM designed with the professional trader in mind, including limit orders, advanced charting tools, analytics, and more. MakiSwap also features lucrative yield farming opportunities designed to incentivize users to make the jump into the new protocol and blockchain.

“We’re extremely excited to launch MakiSwap on Huobi Eco Chain and to the public, we do see a big potential for HECO to capture a lot of market share compared to other blockchains in the near future,” said Geo, Founder of Unilayer and MakiSwap.

“Makiswap is leading a new wave of Defi by empowering Huobi’s ECO chain community with key tools and infrastructure. We are excited to support Makiswap in helping to transform global finance through Defi.” Jehan Chu, Founder and Managing Partner, Kenetic

MakiSwap is powered by the MAKI governance token, which will be airdropped to holders of Unilayer’s LAYER token on Ethereum and Binance Smart Chain.

About MakiSwap

MakiSwap is the leading AMM exchange on Huobi Eco Chain, developed and launched by Unilayer, a cross-chain liquidity aggregator and unified interface for decentralized exchanges. MakiSwap’s governance token is MAKI, distributed fairly to all holders of Unilayer’s LAYER token. MakiSwap includes an advanced set of features like limit orders and advance charting to offer the best experience for professional DeFi traders.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/makiswap-raises-1-4m-to-build-amm-platform-on-huobi-eco-chain/

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