• Stellar Lumen (XLM) price is facing a major resistance near the $0.090 zone against the US Dollar.
• There is a key contracting triangle forming with resistance near $0.0890 on the 4-hours chart.
• XLM price must stay above the $0.084 support to rise further and clear the $0.0890 and $0.090 resistance levels for more gains towards $0.0932 and beyond.
Stellar Lumen Price Analysis
Stellar lumen price is trading above $0.0820 against the US Dollar, similar to bitcoin.
The bulls pushed the price above the 50% Fib retracement level of the main decline from the $0.0978 swing high to $0.0746 low.
On the upside, the price is facing resistance near the $0.0890 zone which is near 61.8% Fib retracement level of the main decline from swing high to swing low.
The next major resistance is near at around 0$.0900 which if broken could send XLM towards 0$.0932 or even higher.
An initial support on downside lies at around 0$.0865 followed by 0$.084 and most importantly 0$.08004.
Technical Indicators>4 hours MACD –
The MACD for XLM/USD is gaining momentum in bullish zone.
>4 hours RSI –
The RSI for XLM/USD is now above 50 level.
>Key Support Levels –
$0.0840 and$ 0 . 08 00.
>Key Resistance Levels –
$0 . 08 90 ,$ 0 . 09 00..
. Overall,the price could start a decent increase if it clears these levels.
• Novotel Bahrain Al Dana Resort – one of the most luxurious hotel spots in Manama, the capital of Bahrain in the Middle East – has announced it will be accepting crypto payments for items like room stays and other vacation staples.
• The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved.
• Novotel has signed an agreement with crypto firm Eazy Pay to accept digital payments.
Luxury Hotel in Bahrain Accepting Crypto Payments
The Novotel Bahrain Al Dana Resort – one of the most luxurious hotel spots in Manama, the capital of Bahrain in the Middle East – has announced it will be accepting crypto payments for items like room stays and other vacation staples. This move is pushing the goals of bitcoin and its digital counterparts closer to being achieved as a payment tool.
Novotel Signs Agreement with Crypto Firm Eazy Pay
Novotel has signed an agreement with crypto firm Eazy Pay to accept digital payments. The company will offer the luxury resort the technology it needs so that it can say „yes“ to assets like bitcoin, Ethereum, and others. Eazy Pay’s services are also supported by the Binance mobile app.
Crypto Arena Growing Quickly in Bahrain
Despite the terrible crash of 2022,the crypto arena appears to be growing like crazy in Bahrain. In December of last year, telecom operator STC Bahrain announced it would start accepting crypto payments for utilities and similar items. Last November, Carlton Real Estate in Bahrain also revealed they would begin taking crypto assets such as BTC and ETH as payment methods at their properties.
Volatility Makes Companies Reluctant
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices which makes many stores and companies reluctant to say „yes“ when it comes to accepting them as payment options . Consider this scenario; someone walks into a store and buys $50 worth of merchandise with bitcoin but 24 hours later its value has dropped making what was once a $50 purchase now only worth $40 leaving store owners out of pocket from their initial transaction .
Push Towards Making Bitcoin Usable Tool
This is why enterprises like Novotel Bahrain Al Dana Resort are so important because they understand that initially these digital currencies were designed as payment tools not speculative or hedge-like investments as they have become today . With this new acceptance by Novotel , people can use their cryptocurrency assets more easily than ever before helping push towards making bitcoin an everyday usable tool .
• Cardano (ADA) price is trading in a bearish zone below the $0.355 support zone against the US Dollar.
• There are two bearish trend lines forming with resistance near $0.3400 and $0.3580 on the 4-hours chart (data feed via Kraken).
• ADA price could start a recovery wave if it clears the $0.340 and $0.355 resistance levels.
Cardano Price Analysis
Cardano (ADA) price is currently trading in a bearish zone below the $0.355 support zone against the US Dollar. The price has declined below both the $0.355 and $0.350 support levels, as well as below the 55 simple moving average (4-hour). There are two bearish trend lines forming with resistance near $0.3400 and $ 0.3580 on the 4-hours chart (data feed via Kraken). If ADA manages to clear these resistances, it could start a recovery wave towards key resistances at $ 0 .380 and beyond .
On the upside, an immediate resistance is near the $ 0 .345 zone which is close to 50% Fib retracement level of downward move from swing high at$ 0 .3699 to low at$ 0 .3210 . Further above this , there is also another significant resistance formed by two trendlines near$ 0 .3400 and$ 0 .3580 respectively, which have been preventing any further upward movement of ADA price since last few days .
Possible Upside Target
If ADA manages to break above both of these resistances , then it could open up room for more gains towards major resistances at$ 0 .378 and beyond . A clear upside break above$ 0 .3580 would be bullish for Cardano price in short term , signaling that bulls might take over again soon if buyers managed to regain control over market sentiment around this area of supply – demand balance point
< h2 > Immediate Support < / h2 > On downside , there is an immediate support near$ 0 .328 level followed by another major support at$
• Residents of Colorado have been targeted by crypto criminals, resulting in millions of dollars stolen from traders and everyday people.
• The FBI reported that the scams involve stable assets like Tether and USD Coin (USDC).
• Five recent examples were detailed in which victims lost more than $4 million to crypto scams.
Crypto Criminals Targeting Colorado Residents
Residents of Colorado have become major targets for crypto criminals according to a new report issued by the Federal Bureau of Investigation (FBI). Millions of dollars have been stolen from traders and normal, everyday residents in the Centennial State. Many of the scams involve stable assets such as Tether and USD Coin (USDC).
How These Scams Work
The FBI reports that victims are approached on social media, dating apps or discussion forums with a cryptocurrency investment opportunity. Victims are directed to a link or phone number to set up an investment account, however this is controlled by fraudsters who set up fictitious support sites. Once funds are transferred, the fraudster disappears with the money.
Recent Examples From Colorado
The FBI has detailed as many as five recent examples of Colorado residents being targeted. Altogether, they lost more than $4 million to crypto scams involving Tether. This included over $600K from a 52-year-old man living in Aurora; about $1.3 million from a 61-year-old woman in Denver; $350K from a 62-year-old man in Evergreen; and $1.2 million from a pair in their late 40s in Parker.
Typical Scam Tactics
In most cases, scammers come forward posing as investment managers offering brand new investment opportunities that can’t be missed out on. Victims are then directed to phony websites under the control of scammers or hackers where profits appear rising and portfolios look promising at first glance. After investing some money initially, victims find they cannot make withdrawals unless further investments are made – after which point all funds disappear for good.
Advice From The FBI
The FBI has warned those looking to invest in cryptocurrencies to take caution and only use legitimate services when making transactions: “The advice and offers to help you invest in cryptocurrency are nothing but scams” said an official statement “If you send them crypto, or money of any kind – it’ll be gone, and you typically won’t get it back“.
• OKT token has experienced a 23% surge in price over the last 24 hours, taking its current value to $31.58.
• OKT is a decentralized cryptocurrency that operates on the OKEx blockchain and was created to provide fast and efficient transactions.
• The coin’s market cap has been growing steadily, with a circulating supply of 18 million tokens and total market capitalization of $564,288,150.
What is OKT?
OKT is a decentralized cryptocurrency that operates on the OKEx blockchain. It was created to provide a fast and efficient way to make transactions and exchange value without intermediaries. The current supply of OKT is 18 million tokens, with a total market capitalization of $564,288,150.
What Has Been Driving the Price Surge?
OKC investors have seen a significant increase in the value of their holdings in the short term, with the coin’s price experiencing a substantial boost in just the last 24 hours. The coin’s value has steadily appreciated over the past week, suggesting sustained demand from buyers.
OKBChain vs OKExChain
Both OKExChain and OKBChain are separate blockchain projects, and they serve different purposes. OKExChain is more focused on providing a decentralized platform for developers to build and deploy dApps, while OKBChain is more focused on providing business solutions to enterprises—EthereumFair($ETHF) #PeoplePOW (@EthereumFair) February 16th 2023.
The price of OKT has had a massive fall in recent years after hitting its all-time high in May 2021. Generally, the coin has experienced an overall downward trend since then but seems to be recovering now as investors look for new sources of investment opportunities amidst increasing crypto volatility across markets due to global events like Brexit uncertainty.
< h 2 >Can it Achieve New Highs Above $35? h 2 > Overall , it looks like there could be potential gains ahead for those investing in or holding onto their OKC (OKT ) tokens . There ’s no telling how far this latest price surge will take it , but given its limited supply , we could see some further upside if investor sentiment remains positive . However , whether or not it can reach new highs above $35 will depend largely upon broader macroeconomic developments as well as other external factors .
• The global M2E fitness apps market is experiencing a surge in popularity, with the projected value expected to grow at an 18.3% CAGR up to 2030.
• Fight Out stands out as one pioneering innovator looking to solve digital illiteracy, unresolved security issues, data privacy concerns and more.
• Fight Out aims to revolutionize fitness with personal training plans, fitness coin rewards for physical activity and more.
The Global Move-to-Earn Fitness Apps Market
The global move-to-earn (M2E) fitness apps market was valued at $391.7 million in 2021 and is expected to grow at a staggering 18.3% CAGR up to 2030 due to the widespread adoption of smartphones, increasing healthcare spending, rising obesity rates and more athletes using these apps. In addition, machine learning, AI and augmented reality have further fueled the shift towards digital fitness.
Challenges Facing Digital Fitness
Despite the rapid growth of M2E fitness apps, there are still challenges that need addressing such as digital illiteracy, unresolved security issues and concerns over data privacy – all of which were exacerbated by the emergence of COVID-19 pandemic..
Introducing Fight Out
Fight Out is aiming to revolutionize the industry with its Web3 technology powered platform which combines secure blockchain rewards with a dynamic community for a new approach to M2E fitness. The platform offers personal training plans as well as rewards users with “fitness coins” for physical activity – providing motivation for users to maintain their wellness goals from home or even when they can’t make it into the gym due to safety concerns related to COVID-19. The team also has plans in place for 2023 which include launching Web3 powered gyms worldwide and recruiting celebrity ambassadors.
Benefits Of Fight Out
Fight Out brings numerous advantages over traditional gyms including providing accountability through goal setting tools and daily reminders; access to quality content created by experts; gamified elements that engage users; 24/7 customer support; competitive leaderboards; discounts on products/services; cryptocurrency rewards & loyalty points; free trials/discounts on subscription packages; virtual coaching sessions & events; exclusive deals on merchandise & experiences etc.
Fight Out stands out among other move-to-earn platforms thanks its advanced Web3 technology, secure blockchain rewards system and dynamic community features – making it easier than ever before for people around the globe maintain their health & wellness goals from home or even when they can’t make it into the gym due safety concerns associated with COVID-19 pandemic or other barriers such as limited time availability etc
• Magic (MAGIC) has risen by 56.5% in the past seven days.
• The Treasure decentralized video gaming console is powered by MAGIC and it serves as a utility token used for market transactions and providing control over various activities.
• There is an increasing market activity for the token, with a 14.65% increase in trading volume totaling $205,679,730; if this trend continues, Magic (MAGIC) could hit $3 by the end of Q1 2023.
Introduction to MAGIC
Magic (MAGIC) is a native token of the Treasure Metaverse, a decentralized ecosystem for metaverse projects that utilizes non-fungible tokens (NFTs). This unique token serves multiple purposes in the ecosystem, making it the only token used for market transactions and providing control over various activities. By using MAGIC, the Treasure Metaverse offers a streamlined and efficient means of participating in the metaverse economy.
Overview of Treasure & MAGIC
The Treasure decentralized video gaming console unites games and communities through bottom-up driven IP and infrastructure, all powered by $MAGIC, its utility token. As a fair launch token, $MAGIC drives the essential infrastructure and operates as a reserve asset across partner game cartridges. The more $MAGIC is placed in staking or LP positions, the less available tokens remain, creating a virtuous circle for both $MAGIC and real treasures within the ecosystem. Treasure aims to become the hub of decentralization in the NFT ecosystem over time. The DAO will begin by creating decentralized alternatives to existing NFT products and use the revenue to launch new projects and support ongoing ones. MAGIC functions as a flywheel that enables development of crypto-economic primitives that can serve as “real-world” economic assets; thus boosting decentralization in metaverses around world.
Recent Market Activity
In the last 24 hours, price of Magic (MAGIC) has increased by 4.3%, trading at $1.98 at press time with 24 hour trading volume totaling up to $210 million dollars . With circulating supply being 210 million tokens , market capitalization stands at$412 million . The last 24 hours have seen surge activity for Magic(MAGIK ) , with 14 % increase n trading volume totalling up to 205 million dollars .
With upward move , MAGIK can hit 3$ by end of first quarter given increasing market activity . Tokens can be traded on centralized and decentralized exchanges like Binance which is most popular one among them .
Magic (MAGIK ) shows potential growth given current trends , however investors should do their own due diligence before investing .
• Cardano and COTI are partnering to develop DJED, a new age stablecoin that will be deployed on the mainnet for investors.
• DJED uses overcollateralization as a technique of providing stability to its currency.
• Overcollateralization of DJED stands at 400-800%, which is higher than other fiat currencies used in stablecoins.
DJED – A New-Age Stablecoin
Cardano and COTI have been collaborating for the past year towards the development of DJED, an innovative stablecoin. Once the mainnet syncing is complete (a 14-day process), it would be available to investors to purchase using ADA or SHEN tokens.
The Volatility Problem In The Crypto Space
Stablecoins seek to solve the volatility issue plaguing crypto ever since its inception by pegging an asset to an inherently stable one like USD. Terra Luna crash caused many investors to steer clear off these assets as it was pegged to Luna, making USDT unstable just like LUNA.
How Does DJED Work?
DJED utilizes overcollateralization as a technique of providing stability to its currency. It has an over-collateralization ratio of 400-800%. This means that for every DJED, the team will have collateralized assets worth more than what is needed for stabilizing it from market volatility.
Cardano’s Recovery After The FTX Crash
Cardano has shown immense recovery after FTX crash pushed ADA below $0.30 mark, demonstrating its dedication towards promoting innovative projects such as this one.
DJED could be one of the most innovative and secure stablecoins in the market if all goes according to plan with its launch on 1st February 2023 on Cardano’s mainnet.
• Axie Infinity price is currently trading at the $12.53 level and is likely to step above $15.
• Axie Infinity is trading above the 9-day and 21-day moving averages and is supported by resistance levels of $18, $20, and $22.
• If the bulls continue to increase the bullish movement, the digital asset might cross above the channel and touch the resistance levels.
Axie Infinity is currently in the limelight as the digital asset continues to experience a strong recovery from the daily opening price of $12.53. At the time of writing, Axie Infinity is changing hands at $12.55, trading around the upper boundary of the channel. The Axie Infinity price is supported by the 9-day and 21-day moving averages, indicating that the bulls are in control of the market.
The bulls have been able to push the Axie Infinity price above the daily high at the $13.94 resistance level. With the current bullish momentum, the digital asset is likely to cross above the channel and touch the resistance levels of $18, $20, and $22. In other words, any strong selling pressure below the 9-day moving average may drag the price toward the lower boundary of the channel if the bears step back into the market.
Axie Infinity is currently the 41st largest cryptocurrency by market capitalization, with a total market cap of $1.27 billion and a circulating supply of 100.1 million AXS tokens. The digital asset has a total supply of 270 million AXS tokens and is becoming increasingly popular within the crypto space.
Investors should watch out for any developments in Axie Infinity as it may have a positive effect on the price. A successful breakout above the $15 resistance level could trigger further gains in the coming days. Similarly, if the bears manage to break the support levels of $8, $6, and $4, the price could experience a sharp decline. Therefore, investors should closely monitor the market in order to stay ahead of the game.
• Dogecoin (DOGE) has experienced a surge in price following the recent market rally, leading many to speculate that it could rise above the $1 mark.
• On the technical front, DOGE is doing quite well, trading above all its major moving average indicators and showing a positive MACD.
• The Dogecoin Foundation is investing heavily in developers to help strengthen the asset’s future prospects.
Dogecoin (DOGE) has been on a wild ride in the past few weeks, with its price surging along with the broader crypto market. After reaching a low of $0.0061 in mid-December, the meme coin skyrocketed to a peak of $0.086 on January 10th, representing an increase of over 1300%. The rally has seen Dogecoin become one of the top performers of the entire crypto market, and investors are now more excited than ever about the prospect of the asset surpassing the $1 mark.
On the technical front, Dogecoin is doing quite well. The asset trades above all its major moving average (MA) indicators, from the 10-day MA of $0.08366 to the 200-day MA of $0.08378. This is a sign of strong bullish momentum, which could help push the asset even higher in the near future. Additionally, the asset’s moving average convergence divergence (MACD) indicator is in the positive zone, showing that Dogecoin is flashing a buy signal. However, investors should be aware of its relative strength index (RSI), which currently stands at 59.21, indicating that the asset may be approaching the overbought region.
The Dogecoin Foundation is also doing its part to help strengthen the asset’s future prospects. The foundation recently announced that it is investing heavily in developers, with the goal of expanding the asset’s utility and usage. This will not only help secure the asset’s future, but could also help propel the meme coin to the much-coveted $1 mark.
Overall, Dogecoin is on a positive trajectory, with its price surging along with the crypto market. The asset’s technical indicators are looking healthy, while its fundamentals are being bolstered by the Dogecoin Foundation’s commitment to developers. Whether or not the asset can reach the $1 mark remains to be seen, but with the current momentum, it appears that the meme coin is well on its way.