Author: CryptoHoppers

Candlestick patterns are a powerful tool in crypto trading. They are highly popular among professional traders active in the crypto market. These patterns were developed back in the 16th century in Japan and so are time-tested and highly valuable. Crypto traders generally use these patterns to analyse market sentiment and price movement dynamics. It is time to get a basic idea about Candlestick patterns. Let’s start!1. What’re CandlesticksImagine candlesticks in crypto trading as a graphic storyteller, revealing the ongoing battle between buyers and sellers each day or each period – each period implies each hour in an hourly chart, each…

  As the digital art and NFT communities buzz with excitement, the Bored Ape Yacht Club (BAYC) is poised to unveil its Miami Clubhouse. While official details are still under wraps, the air is thick with anticipation and speculation. Here’s a glimpse into what we expect from this groundbreaking venture, along with the promise of more thrilling announcements from the BAYC team in the near future. 1. A Miami Clubhouse Beyond Imagination: We anticipate that the Miami Clubhouse will be a dazzling embodiment of the BAYC ethos. While it might not offer a global network of locations, its unique character,…

Crypto whales are buying up the correction in digital assets markets, according to blockchain tracking firm Lookonchain. Lookonchain says that as Ethereum dipped in price, a “smart whale” with a solid track record of profitable trades bought up the dip with over 3,600 ETH. “After the price of ETH dropped [on Friday], this smart whale bought 3,600 ETH ($8.9 million) back at a lower price… This whale is very good at buying ETH at low prices and selling ETH at highs. The profit is ~$25.8 million currently!”  Source: Lookonchain/X At time of writing, ETH is trading at $2,470. Lookonchain also…

OpenAI CEO Sam Altman is actively seeking funding to establish a global chip fabrication plant network. This move underscores the intensifying race among tech giants to secure a foothold in the semiconductor industry, essential for advancing artificial intelligence technologies. OpenAI’s global chip fabrication ambition Altman’s strategy involves raising substantial capital to set up these facilities, known as fabs, across various global locations. This initiative is about expanding OpenAI’s technological capabilities and forging key partnerships in the semiconductor industry. According to a Bloomberg report on January 19, discussions are underway with several potential investors, including Abu Dhabi-based G42 and Japan’s SoftBank…

For hundreds of years, people have been using candlestick patterns to figure out where price might go in the financial markets. Still, people have not yet fully explored the complete potential of these patterns. To really make sense of them, we need to understand the concept more deeply. So, let’s dive in and discover all the important things you should know to unlock the complete potential of Candlestick Patterns.1. What is a Candlestick Pattern Candlestick patterns are like a secret code. When we see certain shapes made by candles on the chart, it is like the market giving us a hint…

Embracing a New Era: The Convergence of AI, Blockchain, and Fashion The fashion industry, a realm traditionally ruled by design and textiles, is standing on the cusp of a revolutionary transformation, thanks to the synergistic fusion of Artificial Intelligence (AI) and Web3 technologies. As we embark on 2024, this blend is not just a trend but a paradigm shift, redefining the very essence of fashion, from creation to ownership. Let’s delve into how this potent combination is setting the stage for a groundbreaking year in the fashion world. The Dawn of Digital Ownership Digital ownership, primarily facilitated by blockchain technology,…

The Commodity Futures Trading Commission charged digital asset platform Debiex with fraud after the agency said it used a romance scam tactic known as “pig butchering” to take $2.3 million from investors. The CFTC charged Debiex and Zhāng Chéng Yáng, who the agency says might have acted as a so-called “money mule” for the platform. The complaint was filed in the U.S. District Court for the District of Arizona this week. Unidentified people involved with Debiex “cultivated friendly or romantic relationships with potential customers” by lying to get their trust and then asked them to open and fund trading accounts with Debiex,…

NEAR Foundation has announced the merging of NEAR DA and Polygon CDK. The technical integration aims to pass on the benefits of cost-effective data availability to rollups, particularly at a time when data publishing costs are at their highest. NEAR DA has been chosen for its efficiency and robust availability of data. Data availability has been specifically crafted to help developers simplify the network structure and reduce overall cost. Polygon CDK, on the other hand, has been chosen for the level of simplicity that it provides to developers who are looking to architect L2 chains with a set of configurations…

Identifying a period of consolidation or indecision in crypto trading is as important as identifying a period of upward or downward momentum. Did you know that candlesticks can help crypto traders identify the possibility of the occurrence of a period of consolidation? This powerful candlestick pattern is called the Inside Bar Candlestick Pattern. Let’s understand this pattern in depth.1. Inside Bar Candlestick Pattern: What You Should Know The Insider Bar Candlestick Pattern is a two-candle formation where the second candle’s high and low (or the insider bar’s high and low) are within the range of the previous candle (the mother candle).…

Bitcoin has recently dropped to its one-month low after the ETF-led enthusiasm has waned. The biggest crypto in the world fluctuated around 40,000 dollars before stopping at 40,843 dollars. BTC gained 157% value in 2023, largely because of the anticipated January 11 launch of the first Bitcoin ETF fund in the US. Traders have also bet on the looser monetary policy in the past several months. However, it appears that the ETF enthusiasm driving BTC has ultimately subsided. The cryptocurrency is trading at 41,358 dollars, down 10.42% in the past seven days. Given its volatile nature, traders closely examine numerous…