Author: CryptoHoppers

Crypto traders often wonder if using Fibonacci retracement levels can be beneficial. Many believe that Fibonacci works well when used rightly. Actually, success largely depends on how traders employ them. A powerful approach is combining Fibonacci with price action levels. This method enhances effectiveness and is widely considered advantageous in the crypto trading community.1. Fibonacci: What You Should Know Fibonacci is a famous sequence of numbers where each number is the sum of the two preceding ones.For example: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55……The key concept you should learn related to Fibonacci is ‘Golden Ratio’, that…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. There has been a decisive shift in the meme coin market, as holders of Pepe (PEPE) are now migrating to new contender Sponge V2 (SPONGEV2). Sponge V2 is the next iteration of the popular Sponge (SPONGE) meme coin and has seen more than 5 billion tokens staked since it was announced in December. The Sponge V2 innovation The original SPONGE surged by almost 1,000% after launching on Uniswap in May. At its peak, SPONGE hit a market cap of…

NFTs repsrent a recent economic trend, showcasing blockchain’s potential to reshape industries. NFT marketplaces – the fusion of technology and creativity – play a key role in this transformation. They are online spaces where creators sell unique digital items, and collectors buy these special assets. In simple words, they are hubs connecting artists and buyers in the digital world. NFTs introduce new ways of valusing digital content, with marketplaces acting as bridges for these transactions.Highlights Non-Fungible Tokens are unique digital assets.NFTs enable creators to share and monetise their work, while collectors can truly own a piece of the world of digital…

Riding the Shift from Ethereum to Solana in the NFT World In the dynamic realm of NFTs, artists are often confronted with the challenge of finding the right platform to showcase their work. While Ethereum (ETH) has long been a dominant force in the NFT space, recent trends indicate a shift in energy and excitement towards alternative blockchains like Solana. This shift underscores a crucial message for artists: adaptability is key, and venturing into new territories can be a game-changer. The Rise of Solana: A Beacon for NFT Artists The past few months have seen a substantial increase in collector…

In the midst of Bitcoin’s recent price struggle, CryptoQuant head of research has revealed the level Bitcoin can potentially sink down to. Bitcoin Might Go Down To As Low As Realized Price Of 1 To 3 Months Old Hands In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how low the BTC price can go following the latest correction. “To evaluate this I like to look at the realized price of 1 to 3 month-old holders,” explains Moreno. The “realized price” refers to an indicator that basically tells us about the average price at which…

A recent investigation by blockchain sleuth Mr. Huber has shed light on Ripple’s strong support for implementing an Automated Market Maker (AMM) on the XRP Ledger (XRPL). The discovery, stemming from a document in the ongoing Ripple vs. Zakinov case, reveals that Ripple’s On-Demand Liquidity (ODL) service, which utilizes XRP for cross-border payments, faces high liquidity costs. This document, marked as “highly confidential” in 2021, indicates that Ripple incurs significant expenses in paying fees to market makers who supply liquidity for ODL transactions, particularly in markets with low XRP liquidity. Mr. Huber’s analysis suggests that the AMM feature, currently under…

At the core of successful crypto trading lies the understanding of price action. If a crypto trader comprehends how a cryptocurrency’s price moves over time, achieving success becomes more achievable. Price action offers several intriguing concepts that are valuable for traders seeking assured success. Among these, breakout pullbacks stand out as particularly effective. Let’s dive into the world of breakout pullbacks and explore how they can enhance your trading strategy. Ready to ride the waves of crypto success?1. Breakouts and Pullbacks in Price Action Defined Breakouts in price action trading happens when a crypto’s price surpasses a key level, indicating a…

In the ever-evolving world of NFTs and blockchain gaming, PixelVault stands out with its latest venture, the BattlePlan launch. As the NFT community gears up for this event, there’s a mix of exhilaration and skepticism, especially regarding the $150 BattlePass. Here’s a breakdown of why this development is a game-changer, quite literally. The Freedom of Choice: The BattlePass is optional. PixelVault respects player autonomy, offering an avenue for those who want to invest more in their gaming experience without imposing it on everyone. Incentivizing Gamers with Free Rewards: PixelVault goes a step further by offering a free rewards track, ensuring…

  OpenSea, the renowned NFT marketplace, is pioneering a new, user-friendly pathway into the world of NFTs. Simplifying the NFT Journey: A Leap Forward by OpenSea In the ever-evolving world of Non-Fungible Tokens (NFTs), accessibility has often been a hurdle for newcomers. Traditionally, the process of getting started in the NFT space involved a series of complex steps: downloading a wallet extension, setting up the wallet, navigating the intricacies of seed phrases, and funding the wallet with cryptocurrency. This complexity could be daunting for those new to the world of digital art and blockchain technology. Recognizing this barrier, OpenSea has…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.Polygon is down -5.73% today against the US DollarPolygon is currently trading 15.01% below our prediction on Jan 18, 2024Polygon dropped -1.42% in the last month and is down -3.96% since 1 year agoPolygon price$ 0.875536Polygon prediction $ 1.03 (18.11%)Sentiment BullishFear & Greed index 64 (Greed)Key support levels$ 0.825056,…