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Here Are Five Undervalued Altcoins To Buy in June: Altcoin Daily

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Crypto analyst Austin Arnold of Altcoin Daily is naming five of the most undervalued altcoins that he says are ripe for opportunities this new month.

In a new video for his 818,000 subscribers, Arnold lists five cryptocurrencies that are all within the non-fungible token (NFT) space, starting with ECOMI (OMI).

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ECOMI is the blockchain that powers the digital collectibles marketplace VeVe. According to Arnold, VeVe’s partnership with pop-culture icons could be a bullish catalyst for the nascent digital asset in the future.

“The integration with pop culture for me is really where ECOMI starts to get exciting because while other cryptocurrencies are still only hoping for adoption, are still hoping for awareness, ECOMI’s got it. VeVe has already formed huge partnerships with brands like Warner Brothers, Capcom, and DC Comics.”

Altcoin number two on Arnold’s list is Superfarm (SUPER). Superfarm is a platform for cross-chain NFT farming with no coding skills required. The trader notes he’s bullish on the fact that projects can launch on the platform using a suite of built-in tools, including marketing, fundraising, development, advisory, and more. SUPER is currently trading at $0.77, according to CoinGecko.

Third on the list is MurAll (PAINT), which Arnold believes is “way more of a hidden gem in the cryptocurrency space.”

MurAll is a collaborative digital canvas that artists can contribute to by using the PAINT token. Each PAINT token can draw two pixels, and just like real-life paint, it can only be used to draw once.

“MurAll is definitely an altcoin to watch and, by the way, is doing something very, very different than all of the other altcoins mentioned today.”

At time of writing, PAINT is trading at $0.0004.

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The fourth coin on Arnold’s radar is Origin Protocol (OGN), which provides a platform for building peer-to-peer marketplaces and e-commerce applications. Users also have the ability to earn yields on its stablecoin OUSD and through staking OGN. Arnold notes that Origin has partnered with popular DJ and recording artist Justin Blau. The trader says the partnership is “a green flag for me.”

The last NFT-focused crypto on Arnold’s watchlist for June is RFOX, the native token on virtual marketplace ecosystem RedFOX. The project’s RFOX VALT aims to build an augmented reality (AR) network with virtual shopfronts, billboards, meeting places and more.

According to RFOX, the team will “incorporate VR/AR (virtual reality) and AI (artificial intelligence) in addition to offering digital items, including those issued through blockchain smart contracts and NFTs.”

“The reason they make our list today is because they recently announced RFOX VALT, an out-of-this-world immersive commercial experience. So in the most simplistic terms, think of this potentially as the next Decentraland (MANA).

RFOX is launching a fully immersive virtual ecosystem that offers users a unique experience. This is coupled with the capacity to transition traditional commercial enterprises like merchants into a virtual econosystem built upon unique NFTs that emulate real-world economies.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2021/06/02/here-are-five-undervalued-altcoins-to-buy-in-june-altcoin-daily/

Blockchain

EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead

EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead

Rate this post Elrond is described as a part of the technology ecosystem for the new internet, including, fintech, decentralized finance, and even the Internet of Things. Elrond platform is capable of performing 15,000 transactions per second, with a latency of six seconds. Let us look at the technical analysis of EGLD. Past Performance On September 16, 2021, EGLD started trading at $241.89. As of September 22, 2021, the closing price of EGLD was $230.51. Thus, in the past week, the EGLD price has decreased by roughly 4.90%. And, in the last 24 hours, EGLD has traded between $202.34-$241.99. https://www.tradingview.com/x/iqVxlFYS/ EGLD Technical Analysis The EGLD price is in a regression trend, which is trading in an upward direction. The price takes support from the support line of the trend and bounces back to the mid-range level. Currently, the price is trading near the mid-range and its long-term resistance level. As per the Elrond market behavior, we can expect it to give a breakout from this range.  Let us see what the indicators are indicating: Currently, EGLD is trading at $240.83. The price has increased from the opening price. Thus, we can witness some bullish momentum in the EGLD token. However, on the chart, we can see that the price is trading in an upward direction. A breakout can be on the horizon. On the daily chart, the MACD and Signal lines are in the positive zone. Moreover, by forming a bearish crossover by the MACD line over the Signal line. Thus, the overall market momentum is bearish, and we can expect the EGLD price to fall. However, both the lines are close to the zero lines and may change signs soon. Thus, there may be a trend reversal on the horizon. The RSI indicator is at 57%. It is currently resisting itself to move upward. Thus, the buying pressure can be seen mounting slowly. Hence, we can expect the price to rise again after a few hours. Day-Ahead and Tomorrow The EGLD price has fallen below the Fibonacci pivot point of $250. As some of the oscillators have shown bullish signals, we can expect the price to rise above the Fibonacci pivot level of $249.35 soon. A breakout from this level will highlight the next resistance at $273. The price has tested and fallen below the 23.6% FIB retracement level of $249.37. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. Furthermore, the price can retest the support level at $202.87.

The post EGLD Technical Analysis: Breakout of Price Beyond $240.83 Seen, Bullish Day Ahead appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Elrond is described as a part of the technology ecosystem for the new internet, including, fintech, decentralized finance, and even the Internet of Things. Elrond platform is capable of performing 15,000 transactions per second, with a latency of six seconds. Let us look at the technical analysis of EGLD.

Past Performance

On September 16, 2021, EGLD started trading at $241.89. As of September 22, 2021, the closing price of EGLD was $230.51. Thus, in the past week, the EGLD price has decreased by roughly 4.90%. And, in the last 24 hours, EGLD has traded between $202.34-$241.99.

TradingView Chart

EGLD Technical Analysis

The EGLD price is in a regression trend, which is trading in an upward direction. The price takes support from the support line of the trend and bounces back to the mid-range level. Currently, the price is trading near the mid-range and its long-term resistance level. As per the Elrond market behavior, we can expect it to give a breakout from this range.  Let us see what the indicators are indicating:

Currently, EGLD is trading at $240.83. The price has increased from the opening price. Thus, we can witness some bullish momentum in the EGLD token. However, on the chart, we can see that the price is trading in an upward direction. A breakout can be on the horizon.

On the daily chart, the MACD and Signal lines are in the positive zone. Moreover, by forming a bearish crossover by the MACD line over the Signal line. Thus, the overall market momentum is bearish, and we can expect the EGLD price to fall.

However, both the lines are close to the zero lines and may change signs soon. Thus, there may be a trend reversal on the horizon.

The RSI indicator is at 57%. It is currently resisting itself to move upward. Thus, the buying pressure can be seen mounting slowly. Hence, we can expect the price to rise again after a few hours.

Day-Ahead and Tomorrow

The EGLD price has fallen below the Fibonacci pivot point of $250. As some of the oscillators have shown bullish signals, we can expect the price to rise above the Fibonacci pivot level of $249.35 soon. A breakout from this level will highlight the next resistance at $273.

The price has tested and fallen below the 23.6% FIB retracement level of $249.37. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well. Furthermore, the price can retest the support level at $202.87.

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Source: https://www.cryptoknowmics.com/news/egld-technical-analysis-breakout-of-price-beyond-240-83-seen-bullish-day-ahead/

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Blockchain

Bitcoin, Ether, or XRP – The crypto of choice for terror funding is…

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It has been a tense time for Coinbase. The crypto-exchange recently felt the regulatory squeeze when the United States SEC reportedly threatened to sue if Coinbase launched its high-interest crypto product – Lend.

These developments, however, haven’t stopped the exchange from highlighting its efforts towards compliance. A recently-released Twitter thread is a case in point.

The crypto-exchange yesterday shared statistics about cryptocurrencies’ link to global terrorism, and what it is doing to combat the threat.

Coinbase investigates

Cryptocurrency’s “links” to terrorism are a major reason behind the FUD among international policymakers and regulators.

And yet, a report by Coinbase’s Special Investigations Team found that “illicit activity” made up less than 1% of all activities in the crypto-space in 2020. This was an observation arrived at after looking at the BTC, ETH, LTC, BCH, and XRP blockchains or ledgers.

About terrorism, the report stated,

“Further breaking down illicit activity, we find that transactions associated with terrorist financing (TF) in 2020 made up less than 0.05% of all illicit volume. As such, terror funding in cryptocurrencies remains extremely low in overall terms.”

It’s worth noting, however, that the report identified the Palestinian militant group Hamas as having raised the most funds among terrorist organizations.

Do terrorists have any preferences?

According to the said report, Hamas has collected more than $750,000 in Bitcoin since 2018. After Hamas, the Saudi-led jihadi activist movement has raised more than $250,000 in Bitcoin and altcoins. In third place, came an Al Qaeda-related exchange service.

Source: Coinbase Blog

Bitcoin was the most prominent crypto in terrorism financing, but the report also identified the growing popularity of altcoins such as XRP and Ether.

Bitcoin’s popularity could be due to its status as the biggest crypto and the coin’s relative stability. Meanwhile, XRP’s use case is similar to the cross-border hawala remittance practice common in Middle Eastern and South Asian cultures.

In order to stop terror funding campaigns, Coinbase claimed it would “blocklist” crypto-addresses related to such institutions, use its analytics, and work with agencies like the FBI.

Analyzing Hamas

Put simply, the Palestinian organization aims to destroy Israel. It has two main components – A military force and a social welfare arm.

In 2020, Chainalysis reported how the organization’s Izz ad-Din al-Qassam Brigades (AQB) launched multiple campaigns to raise Bitcoin donations. Their tactics included instructional videos for both basic and experienced tech users, as well as unique payment addresses for every donor.

While crypto-terror funding is a small part of the vast DeFi sector, traders can expect to see more exchanges and companies keeping a watch on organizations classified as terror groups.

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Source: https://ambcrypto.com/bitcoin-ether-or-xrp-the-crypto-of-choice-for-terror-funding-is

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Blockchain

British Bitcoin Miner Argo Reveals IPO Pricing for Nasdaq

Argo IPO Nasdaq

Rate this post British Bitcoin miner Argo Blockchain Plc is gearing up to list its IPO on the Nasdaq Global Select Market at the price of $15 per share. Bitcoin Mining Firm Argo Blockchain Reveals  IPO Pricing for Nasdaq Argo Blockchain, a crypto mining firm registered on the London Stock Exchange, announced the pricing for its initial public offering (IPO) in the US on Wednesday. The firm stated that its 7,500,000 American Depositary Shares (“ADSs”) will be sold for the price of $15.00 per ADS.  The IPO, which will trade under the ticker ARBK from September 23, will be available to investors through the RobinHood IPO access portal. According to a September 22 release, the IPO sale is being managed by banking heavyweights Barclays and Jeffries. The institutions are acting as the offering’s main book-running managers, while Canaccord Genuity and Stifel GMP are acting as co-lead managers. Compass Point, D.A. Davidson & Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd, and Tennyson Securities are serving as the IPO’s co-managers. As a crypto mining business, Argo made £5.6 million in July and £6.8 million in August. It also claims to hold 1,659 Bitcoin and Bitcoin equivalents worth £56,898,756 million as of August 31. Upcoming Projects and Controversies Like many crypto mining businesses, Argo is expanding its operations in North America.  Earlier this month, the company entered into a financial arrangement with Galaxy Digital to develop a 200 watt Bitcoin mining facility in Texas. The resulting complex will provide an additional boost to Argo’s existing facilities which have a total of 21,000 mining rigs that can generate over 1,075 petahash per second. That said, the deal has been criticized by industry experts who believe Argo had overpaid up to 10 times while purchasing the property for the Texas plant. Meanwhile, Argo’s CEO Peter Wall justified the expenses on social media. “We feel like it was a fantastic bargain for the project in Texas since it wasn’t simply a land acquisition, it was a project acquisition,” he stated.

The post British Bitcoin Miner Argo Reveals IPO Pricing for Nasdaq appeared first on Cryptoknowmics-Crypto News and Media Platform.

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British Bitcoin miner Argo Blockchain Plc is gearing up to list its IPO on the Nasdaq Global Select Market at the price of $15 per share.

Bitcoin Mining Firm Argo Blockchain Reveals  IPO Pricing for Nasdaq

Argo Blockchain, a crypto mining firm registered on the London Stock Exchange, announced the pricing for its initial public offering (IPO) in the US on Wednesday.

The firm stated that its 7,500,000 American Depositary Shares (“ADSs”) will be sold for the price of $15.00 per ADS. 

The IPO, which will trade under the ticker ARBK from September 23, will be available to investors through the RobinHood IPO access portal.

According to a September 22 release, the IPO sale is being managed by banking heavyweights Barclays and Jeffries. The institutions are acting as the offering’s main book-running managers, while Canaccord Genuity and Stifel GMP are acting as co-lead managers. Compass Point, D.A. Davidson & Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd, and Tennyson Securities are serving as the IPO’s co-managers.

As a crypto mining business, Argo made £5.6 million in July and £6.8 million in August. It also claims to hold 1,659 Bitcoin and Bitcoin equivalents worth £56,898,756 million as of August 31.

Upcoming Projects and Controversies

Like many crypto mining businesses, Argo is expanding its operations in North America. 

Earlier this month, the company entered into a financial arrangement with Galaxy Digital to develop a 200 watt Bitcoin mining facility in Texas. The resulting complex will provide an additional boost to Argo’s existing facilities which have a total of 21,000 mining rigs that can generate over 1,075 petahash per second.

That said, the deal has been criticized by industry experts who believe Argo had overpaid up to 10 times while purchasing the property for the Texas plant. Meanwhile, Argo’s CEO Peter Wall justified the expenses on social media.

“We feel like it was a fantastic bargain for the project in Texas since it wasn’t simply a land acquisition, it was a project acquisition,” he stated.

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Source: https://www.cryptoknowmics.com/news/british-bitcoin-miner-argo-reveals-ipo-pricing-for-nasdaq/

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