Category: Economy

FRP price trades just below the $75 mark after rising 1.73% in the past 24 hours. The slight gain was a reflection of what was going on in the wider crypto market as some coins traded in the green while others flashed red. However, the changes were not so pronounced, pointing to consolidation of prices across the board.

Fame Rewards Plus Price Coils Up As Bulls Eye $105 

FRP trades 15% below the $88 all-time high (ATH) reached on February 3 with no directional bias. This points to decreasing price volatility as traders wait to see the direction this metaverse token would take. 

This was validated by the horizontal movement of the Fame Rwards Plus price and the flattening 50-day Simple Moving Average (SMA). In addition, the position of the Relative Strength Index (RSI) at 46 close to the midline attested to the indecision. Moreover, the Moving Average Convergence Divergence … Read more

Over the past week, OP has been on an upward trend, with its price increasing from $2.5 to $2.9. This represents a significant gain of 13.1%, which is impressive considering the cryptocurrency market’s volatility. Additionally, the trading volume for OP has also increased, indicating that there is renewed interest in cryptocurrency.

Optimism Partners With Coinbase as a Core Developer for the Open-source Op Stack

Coinbase, a well-known cryptocurrency exchange, revealed that it had built a foundation L2 network utilizing Optimism’s OP Stack. Coinbase recently partnered with Optimism as a core developer for the open-source OP Stack, a developer toolkit created for the Optimism network. 

However, Coinbase’s involvement in the project isn’t limited to Ethereum alone. The company intends to offer users secure and convenient entry to L2 networks like Optimism and other blockchain ecosystems, including Solana.

Today, we welcome a new entrant to our ecosystem: @Coinbase.

They are launching

Gifto (GFT) currently has a market capitalization of $115,463,053 based on its circulating supply of 1 billion GFT tokens. At the time of writing GFT is trading at $0.115386, with a 24-hour trading volume of $114,697,643. The token’s price has increased by 0.60% in the past 24 hours but has declined by -5.50% over the past 7 days.

GFT/USD Technical Analysis 

The price of Gifto has been in a bearish move since reaching its all-time high of $0.96 in July 2018. The price has experienced a series of bearish moves escalated by the fall of the FTX crypto exchange headed by Sam Bank Fried.

Since the crash of FTX, the price of GFT has been consolidated, trading along the 200-day moving average. The trading volumes are strongly bearish, indicating the price to move further south.

Should the crossing of the moving averages take place, the price of GFT must break … Read more

DeFi is becoming popular, and science-backed cryptocurrencies are leading the blockchain world. Neo stands out with its unique features. The NEO token has been making strides in the crypto sphere, attracting the attention of investors and traders. The token surged 39.4% in January, nearly hitting $10. 

NEO Price Analysis & Pattern

The value of all digital currencies added up to more than $970 billion at the beginning of the year. Among them, NEO was worth $529.7 million and went up by 3.24% that day. Sadly, the drop of FTX caused serious harm to those who bought it and hit its lowest point in a year at $5.94 on December 30, 2022. But the good news is that the crypto market is bouncing back after the recent dip.

Source: NEO/USDT by Tradingview 

Basically, the stock price of NEO has been going up and seems to be supported around $5.9 to $6.0. … Read more

The FIL token has seen an impressive surge in popularity over the past few months as its utility has increased in the decentralized finance space. The price of Filecoin (FIL) has risen by 27.4% in the past week and is currently standing at $5.45 at press time. As more investors enter the DeFi space, the potential of FIL token price prediction has become an important consideration.

Filecoin (FIL) Network Overview

The decentralized storage network Filecoin utilizes the Interplanetary File Storage (IPFS) protocol to convert unused storage globally into an efficient storage market. Customers pay for low-cost storage with Filecoin (FIL), and nodes that provide storage to the network earn Filecoin as payment for their service. 

This contrasts with centralized cloud storage solutions like Amazon Web Services, Google Cloud, or Dropbox, where data is stored on servers owned by private corporations. The objective of Filecoin is to ensure permanent and … Read more