Connect with us
[crypto-donation-box]

Blockchain

XRP short-term Price Analysis: 8 September

Disclaimer: The following price prediction should not be taken as investment advice. The prediction should materialize in the next couple of days. Just like the rest of the altcoins, XRP has strugg

The post XRP short-term Price Analysis: 8 September appeared first on AMBCrypto.

Republished by Plato

Published

on

Disclaimer: The following price prediction should not be taken as investment advice. The prediction should materialize in the next couple of days.

Just like the rest of the altcoins, XRP has struggled to break away from its immediate support at the moment. After the decline stopped at $0.230, XRP’s movement has been rather sideways in the charts with respect to the market, and currently, it might be hitting another low over the next couple of days. At press time XRP was valued at $0.232 with a market cap of $10.5 billion.

XRP 1-hour chart

Source: XRP/USD on Trading View

The 1-hour chart of XRP indicated a particular restriction just at $0.244 where the price has tested the top thrice in the past couple of days. Its inability to breach past this range suggested that the bearish pressure is still strong in the current trend. The price briefly moved above the 50-Moving Average but strong corrections contained the rising valuation and the price got pushed back under the indicator.

Now, considering XRP re-tests the neckline at $0.230, the double top pattern will be completed which might have severe bearish implications in the short-term. The price is currently holding by a thread above $0.230 and completion of the pattern would possibly lead to further retracement down, to support at $0.222.

Relative Strength Index or RSI suggested a strong presence in terms of selling pressure as well.

XRP 30-min chart

Source: XRP/USD on Trading View

Finally, if the bearish trend proceeds, it opens up a shorting opportunity for the token as an entry point can be placed at $0.232. With a steep exit at $0.241 as a stop loss, traders can take their profits at $0.222, aiming at a risk/reward ratio of 2.8x. Currently, the Awesome Oscillator suggested momentum is strong at the bear’s side, which meant that price is most likely looking at drop down to 0.222.

Conclusion

XRP’s price will re-test a new bottom at $0.222 over the next 48-hours.

Source: https://eng.ambcrypto.com/xrp-short-term-price-analysis-8-september

Blockchain

FootballCoin Launches Euro 2020 Fantasy Game with Collectable NFTs and XFC Prizes

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

11th June 2021, Dubai, UAE — Pioneering Football Fantasy Blockchain platform  FootballCoin has launched the new version of its game for EURO 2020. The announcement comes with increased prizes for all daily contests and a 100.000 XFC prize for the top managers in the game.

EURO 2020 Fantasy Football

For anyone who is either getting ready to watch the Euro 2020 matches, enjoys fantasy football or is passionate about cryptocurrency and the exciting world of NFTs; there could be no better entertainment than FootballCoin this summer.

Euro 2020 Fantasy is a free-to-play game with NFT Player cards, and includes every match from the tournament in the FootballCoin daily contests. Players can register and play for free for the chance to win prizes in the platform’s native XFC coin, or convert those prizes into fiat currency.

NFT Player Cards & XFC Coin

NFTs player packs containing NFT player (and stadium) cards can be purchased in the game for as little as $12.00 USD. NFT Cards can be bought, sold and even loaned (just like real players) on the vibrant FootballCoin marketplace. All fantasy cards are visible and registered on the blockchain, giving FootballCoin NFTs a real utility to earn more XFC coins.

XFC, is the game’s native cryptocurrency but is also tradable against fiat on crypto trading platforms, with most of the XFC trading volume taking place on centralized exchange Whitebit. XFC can also be purchased safely on the FootballCoin platform with a credit card.

How To Play FootballCoin

Interested parties can enter the fantasy football contests by registering for free on the FootballCoin signup page. After signup, users simply select a contest to compete in, and then create a draft of 11 players + 5 subs from a roster of real footballers.

XFC winnings are determined on how well the players perform in their real games. This is determined by real data to score player performances. Each Euro 2020 game gives users the opportunity to select a new draft composed of players taking part in the competition. Choose the ultimate fantasy football draft and win.

FootballCoin: Changing the NFT game

2021 has seen a rise in sports-related NFT and blockchain projects. NBA Top Shot, and other football NFT sports projects have taken off, and FootballCoin is set to be the next NFT sports platform to explode in the space.

While NBA Top Shot focuses on collectibility in typical sports card fashion, FootballCoin allows users to not only build their sports card collection but become ‘managers’ and use their cards to compete each day for rewards and prizes in real football fantasy contests.

Other fantasy football games using cryptocurrency to buy NFTs sometimes charge hundreds or thousands of dollars, and also have other limiting aspects to the fantasy game experience.

By contrast, FootballCoin has been using NFTs as the central pillar of the concept for over four years, with player card NFTs starting at a price of around $3, and no additional fees for selling, trading or Leasing.

Interested parties can sign up for free at FootballCoin and start collecting NFT cards for the EURO 2020 Fantasy game.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/footballcoin-launches-euro-2020-fantasy-game-with-collectable-nfts-and-xfc-prizes/

Continue Reading

Blockchain

JPMorgan Implies that El Salvador’s Bitcoin Move Has no Economic Benefits 

Republished by Plato

Published

on

Following El Salvador’s move to adopt bitcoin as a legal tender in the country, Wall Street giant JPMorgan seems not to be impressed by such a monumental decision from the Central American nation.

JPMorgan Comments on El Salvador’s Bitcoin Move

In a recent note to investors, as tweeted by Financial Times correspondent Robin Wigglesworth, JPMorgan commented that the recent move made by El Salvador to make bitcoin legal tender was growth-oriented. However, the American investment bank seemed to imply that the decision by the country had no economic benefit, adding that it could hinder its negotiations with the International Monetary Fund (IMF)

According to a statement from JPMorgan:

“It is difficult to see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender and it may imperil negotiations with the IMF.”

Indeed, the IMF made comments about El Salvador’s move to legalize bitcoin, Gery Rice,  spokesperson for the IMF, stating that there were economic and legal concerns regarding the country’s decision. According to Rice:

“Adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis. We are following developments closely, and we’ll continue our consultations with the authorities.”

El Salvador became the first country to make bitcoin a legal tender alongside the dollar, following a supermajority decision from the country’s Congress. President Nayib Bukele also stated that the government would give citizenship to individuals who invest bitcoin in the country’s economy. Lately, Bukele announced plans to use energy from its volcanoes for bitcoin mining activities.


ADVERTISEMENT

BIS Joins El Salvador’s Skeptics

JPMorgan further said that El Salvador’s decision could affect the way bitcoin is treated in bigger countries.

“The question remains whether the designation of bitcoin as legal tender by a widely-recognized sovereign nation has mechanical implications for its treatment in much larger economies under the tax law, banking and financial regulations, and other areas.”

While El Salvador’s move to legalize bitcoin has seen tremendous support from the cryptocurrency community, the move continues to receive skepticism. In addition to JPMorgan and the IMF, the Bank for International Settlements (BIS) has also weighed in on the matter.

Benoit Coeure, the BIS head of the innovation hub, called El Salvador’s decision to adopt bitcoin as a legal tender an “interesting experiment.” However, he said that bitcoin is a speculative asset, adding that the BIS believes that BTC does not qualify as a payment method.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/jpmorgan-implies-that-el-salvadors-bitcoin-move-has-no-economic-benefits/

Continue Reading

Blockchain

Bitcoin Taproot upgrade finally achieves activation lock-in!

Republished by Plato

Published

on

The much-anticipated Bitcoin Taproot upgrade passed the Speedy Trial, which was a signaling period which gauged support for the upgrade from bitcoin’s mining sector. Since SegWit, Taproot has been touted as the next significant upgrade for Bitcoin.

Data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, released an interesting yet hilarious video to announce the completion of the lock-in stage.

On the official page, it read:

“This period has reached 1815 Taproot signaling blocks, which are required for lock-in.”

Different mining pools tweeted their support for the upgrade on their respective platforms with Slush Pool being the first to do so.

AntPool also supported the upgrade.

What’s next?

Bitcoin core developer Pieter Wuille further elaborated on the path leading to the full activation step for Taproot in a series of tweets. He stated:

“As of block 687284, Taproot signalling has reached 1815 blocks this period, guaranteeing that absent very deep reorgs, it is guaranteed to lock in. Following that, it will activate at block 709632, probably around mid-November 2021.”

He also addressed that ‘there is a lot of work left of course’, which included:

a) PSBT extensions to communicate Taproot keys/scripts/signatures,

b) MuSig2 standardization so the software can cooperate in signing,

c) Output descriptors,

Why is it so important?

Fred Thiel, CEO of Marathon Digital Holdings stated:

“With this upgrade, you’ll see Bitcoin to be the settlement network. Funds are transferred from one institution to another, say one bank to another.”

He added,

“The update would lower the data size of smart contracts, in turn lowering transaction costs. Taproot is also expected to enhance smart contract functionality and efficiency.”

Jeremy Rubin, a Bitcoin Core contributor and founder of Judica projected a similar optimistic narrative,

“With taproot, you get optimization of Bitcoin, much different from how people know Bitcoin today- little too inefficient or reveal too much information about what you’re trying to do. Taproot helps to be private and efficient.”


Subscribe to our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-taproot-upgrade-finally-achieves-activation-lock-in

Continue Reading
Blockchain5 days ago

World Economic Forum Seeks to Offer Clear Policy Landscape For DeFi

Blockchain4 days ago

The Colombian President’s Advisor to Peter Schiff: Stop Talking and Short Bitcoin

Blockchain5 days ago

World Economic Forum Releases a DeFi Policy Toolkit for Fair and Executable Regulations

4 days ago

Pokemon GO: How to Get Alolan Slowpoke

Blockchain4 days ago

1,100 people arrested by Chinese Police on crypto-related money laundering charges

Blockchain4 days ago

Axie Infinity Price Prediction 2021-2025: AXS Token Can Hit $40 by 2025

Uncategorized4 days ago

Battlefield 2042 officially revealed

Blockchain4 days ago

How Does Bitcoin Mining Work? Is It Profitable in 2021?

Blockchain5 days ago

XRP lawsuit: Is the SEC ‘triply wrong’ about its latest filing?

Blockchain2 days ago

MT5 Will Phase Out MT4, but It Will Take Time

Blockchain2 days ago

Trouble Looms For Bitcoin As U.S Looks to Bar Holders From Converting Crypto To USD

Blockchain4 days ago

XRP lawsuit: What’s the ‘existential threat’ Ripple is facing?

Uncategorized4 days ago

The UNICEF is investing in five crypto startups via Ethereum (ETH)

Blockchain3 days ago

TrustDice Review: Features & Promotions

Blockchain2 days ago

LegendsOfCrypto Performance Update

Featured4 days ago

Revolut App Launches Dogecoin Trading To Its Platform

Blockchain3 days ago

Third-Party Results of Credits’ Blockchain Speed Test

Uncategorized4 days ago

Skins of soccer superstars Marco Reus and Harry Kane to arrive in Fortnite this week, according to data miner

Blockchain4 days ago

Leading Blockchain Game Splinterlands Completes Digital Land Sale of 150k Plots

4 days ago

Pokemon GO: A Very Slow Discovery Challenge Explained

Trending