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Here Are Critical Levels To Watch for Cardano, Ethereum and Binance Coin, According to Trader Jason Pizzino

Crypto analyst Jason Pizzino says that Cardano (ADA), Ethereum (ETH) and Binance Coin (BNB) must take out key levels in order to sustain their bullish momentum. In a new video, Pizzino tells his 181,000 YouTube subscribers that while Cardano is showing strong signs of recovery, it must breach its immediate resistance to trigger the next […]

The post Here Are Critical Levels To Watch for Cardano, Ethereum and Binance Coin, According to Trader Jason Pizzino appeared first on The Daily Hodl.

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Crypto analyst Jason Pizzino says that Cardano (ADA), Ethereum (ETH) and Binance Coin (BNB) must take out key levels in order to sustain their bullish momentum.

In a new video, Pizzino tells his 181,000 YouTube subscribers that while Cardano is showing strong signs of recovery, it must breach its immediate resistance to trigger the next leg up.

“I want to get back above this price here, $2.04, around the $2.05, $2.06, $2.10. Give it a few cents just to make sure. That’s pretty much the point there and we’re getting very much closer to it. However, volume is dropping.”

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At time of writing, Cardano is trading at $1.68, up 0.40%, according to CoinMarketCap.

Looking at Ethereum, the crypto strategist says the leading smart contract platform appears relatively strong, but it is approaching a critical price point that is currently acting as a strong resistance level on multiple timeframes.

“We’re getting higher highs. It’s looking good. We definitely want to get this breakout above $3,000… It’s really starting to get rejected at this point… This is a very critical point for Ethereum. So if you can get above that point, around the $3,100 [area] and hold, a few closes, I’m much more bullish on it. That’s what I’m waiting for – for a more bullish momentum continuation for ETH.”

As for Binance’s native asset BNB, Pizzino says it must reclaim a crucial level above $500 for bullish continuation.

“That’s the big breakdown, 19th of May, 10 AM. [The] high on that day is at $516. We’re climbing our way back slowly, just like we are on all the other charts. This is another critical level for Binance [Coin] as well.”  

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Source: https://dailyhodl.com/2021/06/07/here-are-critical-levels-to-watch-for-cardano-ethereum-and-binance-coin-according-to-trader-jason-pizzino/

Blockchain

The Future of Blockchain Gaming

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blockchain gaming

Blockchain is a fundamental aspect of the future of financial technology. The incorruptible ledger system is gaining attention beyond the realm of cryptocurrency discussions. Though fundamental for hosting a decentralized banking system, blockchain can also be used by developers looking to incorporate detailed public records.

Unsurprisingly, some of blockchain’s most lucrative and popular iterations involve gaming. Though typically associated with Bitcoin and Ethereum, blockchain is now the backbone of the NFT trade. One of its key applications is in creating digital assets and facilitating their trade and collection.

Reuters’ latest report on the first half of 2021 tallied the global NFT market worth to be $2.5 billion—that’s up from $13.7 million in the first half of 2020. Now that NFTs have entered the market, more companies are looking to expand blockchain gaming enterprises.

Already, blockchain has been used to track in-game items, such as weapons, skins, and experience points. That way, these assets can’t be hacked and altered. Currently, most of these assets only have value in the game but could one day be bought and sold in an external marketplace like an NFT.

Another realm set for a blockchain overhaul is online gaming. PR News Wire reports that the market will reach a worth of over $72 billion by the end of the year. With big money and a growing incentive based on public demand, blockchain looks likely to become a standard feature among online gambling promotions from various sites in the future.

In addition to interest from gamers, casinos themselves would benefit from blockchain. Gaming companies are required to provide detailed reports to local regulatory and financial authorities. An incorruptible ledger would simplify this process, while also adding extra safeguards related to sensitive information of users and companies alike.

Building on CryptoKitties Success

One of the biggest players in blockchain gaming is Dapper Labs. The NFT company has helped produce some of the most successful blockchain enterprises, including CryptoKitties and the NBA’s Top Shot NFT business.

Back in 2017, Dapper Labs was new to the scene. The premise of the online game is simple: users spend Ethereum to purchase NFT cartoon cats. Each cat is unique and can be bred with other characters to create new, unique cats.

What began as a cult hit amongst Ethereum holders transformed into solid proof that NFTs were the future of digital collectibles. One of the first major NFT sales came from CryptoKitties, when a user shelled out $170,000, leaving Dapper Labs to collect a small cut related to transaction fees.

In February of this year, Dapp Radar reports that CryptoKitties had raked in $1.2 million in transaction volume since the year began.

Credits: unsplash.com

Creating Organic Value from Blockchain

NFTs are sure to be a major player in the future of blockchain gaming. However, NFTs are largely collectible items; CryptoKitties require minimal attention from gamers—and not everyone found the experience of raising and breeding CryptoKitties to be enjoyable.

The value blockchain brings to gaming revolves around creating a micro-economy within the game itself. This economy is driven by player interest. In other words, the value of a skin or a weapon is based on demand from other users, not what game creators have assigned.

The future of blockchain gaming will rely heavily on this internal economy. However, the precise implications of these economies aren’t yet clear—will it provide more power amongst gamers to influence how and why the game is played? Will creators spend more time integrating collectibles into games, and at what point do they evolve from a standard NFT collectible?

For now, it’s likely video game developers will avoid blockchain. Not only are most studios conservative in approach, but recent concerns about blockchain’s environmental effects have stalled many groups’ interest in the technology.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.fintechnews.org/the-future-of-blockchain-gaming/

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Blockchain

The Future of Blockchain Gaming

Published

on

blockchain gaming

Blockchain is a fundamental aspect of the future of financial technology. The incorruptible ledger system is gaining attention beyond the realm of cryptocurrency discussions. Though fundamental for hosting a decentralized banking system, blockchain can also be used by developers looking to incorporate detailed public records.

Unsurprisingly, some of blockchain’s most lucrative and popular iterations involve gaming. Though typically associated with Bitcoin and Ethereum, blockchain is now the backbone of the NFT trade. One of its key applications is in creating digital assets and facilitating their trade and collection.

Reuters’ latest report on the first half of 2021 tallied the global NFT market worth to be $2.5 billion—that’s up from $13.7 million in the first half of 2020. Now that NFTs have entered the market, more companies are looking to expand blockchain gaming enterprises.

Already, blockchain has been used to track in-game items, such as weapons, skins, and experience points. That way, these assets can’t be hacked and altered. Currently, most of these assets only have value in the game but could one day be bought and sold in an external marketplace like an NFT.

Another realm set for a blockchain overhaul is online gaming. PR News Wire reports that the market will reach a worth of over $72 billion by the end of the year. With big money and a growing incentive based on public demand, blockchain looks likely to become a standard feature among online gambling promotions from various sites in the future.

In addition to interest from gamers, casinos themselves would benefit from blockchain. Gaming companies are required to provide detailed reports to local regulatory and financial authorities. An incorruptible ledger would simplify this process, while also adding extra safeguards related to sensitive information of users and companies alike.

Building on CryptoKitties Success

One of the biggest players in blockchain gaming is Dapper Labs. The NFT company has helped produce some of the most successful blockchain enterprises, including CryptoKitties and the NBA’s Top Shot NFT business.

Back in 2017, Dapper Labs was new to the scene. The premise of the online game is simple: users spend Ethereum to purchase NFT cartoon cats. Each cat is unique and can be bred with other characters to create new, unique cats.

What began as a cult hit amongst Ethereum holders transformed into solid proof that NFTs were the future of digital collectibles. One of the first major NFT sales came from CryptoKitties, when a user shelled out $170,000, leaving Dapper Labs to collect a small cut related to transaction fees.

In February of this year, Dapp Radar reports that CryptoKitties had raked in $1.2 million in transaction volume since the year began.

Credits: unsplash.com

Creating Organic Value from Blockchain

NFTs are sure to be a major player in the future of blockchain gaming. However, NFTs are largely collectible items; CryptoKitties require minimal attention from gamers—and not everyone found the experience of raising and breeding CryptoKitties to be enjoyable.

The value blockchain brings to gaming revolves around creating a micro-economy within the game itself. This economy is driven by player interest. In other words, the value of a skin or a weapon is based on demand from other users, not what game creators have assigned.

The future of blockchain gaming will rely heavily on this internal economy. However, the precise implications of these economies aren’t yet clear—will it provide more power amongst gamers to influence how and why the game is played? Will creators spend more time integrating collectibles into games, and at what point do they evolve from a standard NFT collectible?

For now, it’s likely video game developers will avoid blockchain. Not only are most studios conservative in approach, but recent concerns about blockchain’s environmental effects have stalled many groups’ interest in the technology.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.fintechnews.org/the-future-of-blockchain-gaming/

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Blockchain

Industries Currently Being Transformed by Cryptocurrencies

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H.G Wells famously wrote about the need to “adapt or perish”. It’s a saying that makes perfect sense when it comes to cryptocurrencies because when it comes to the blockchain, companies either need to get on board or risk complete destruction.

Some industries are already being threatened with extinction if cryptos continue to rise, but others are embracing the changes and creating an almost symbiotic relationship with the world’s biggest digital coins.

Here are a few of the industries that are benefiting the most from the implementation of blockchain technology.

Online Casinos and Sportsbooks

For most people, their first experience of the internet was dodging banners and popup ads for online casinos and poker rooms. The chaos was caused by affiliates and not by the casinos themselves, but it still gave them a somewhat negative reputation. Over the years, Google has made that worse by penalizing sites that associate with gambling companies.

But times have changed. Not only is online gambling more widespread than ever before—embraced by most countries around the world—but it’s also driving some massive technological innovations, including cryptocurrencies.

A huge number of online casinos and sportsbooks now accept Bitcoin, Ethereum, Litecoin and Cardano, to name just a few. It means that they are helping to facilitate the transfer of millions of digital assets every single day. 

There are still many gambling sites that don’t accept these currencies, but developers and white label providers are steadily taking note and most sites will accept them before long. 

Take a look at this list of Coinbuzz casinos for an insight into how online gambling is supporting cryptocurrencies.

Banks and Financial Institutions

The whole point of cryptocurrencies was to create something that didn’t rely on banks and centralized exchanges. If they continue to grow and become part of our daily lives, the future of major banks will be in jeopardy. 

Not only is that bad news for investors everywhere, but it puts many major economies at risk, as well. The good news is that they’re not rejecting cryptocurrencies outright and hoping that they will go away.

Many major banks are experimenting in introducing cryptos, including Credit Suisse, who partnered with massive blockchain firm Paxos.

JP Morgan has its own alt coin and Citigroup and Goldman Sachs have also dipped their toes into the crypto sector. Banks will certainly be disrupted by cryptocurrencies, but it seems that they are ready to ride the wave and profit from the growth of the blockchain.

Insurance Companies

The insurance sector may seem like an odd one to embrace the blockchain, but these companies rely on data and efficiency, and if investing in blockchain technology means that they can reduce costs and increase speed, it’s a perfect fit.

Major insurance companies are already investing in the blockchain to improve payout speeds and the efficiency of incoming payments. It could also help them to develop additional products and services, such as insurance policies related to digital assets.

The Hospitality Industry

The hospitality sector is looking to blockchain technology as a way of reducing commissions and ensuring that more of the customer’s money actually goes to the hotel.

Most customers go through third-party booking sites when they book rooms. These sites charge a hefty commission, and it’s one that’s often much larger for independent establishments.

It means that they are forced to increase their prices, putting an additional financial burden onto the customers.

By utilizing blockchain technology, they can skip the middleman and keep all the money for themselves. They still need networks that perform these roles, but blockchain platforms are already springing up to provide cheaper commissions and faster booking.

Online Retailers

Every time you purchase an item online, you will be directed through a third-party payment processor. The network will take your payment details, process the payment, and handle everything on behalf of the website. It means that the retailer doesn’t need to deal with all the financial aspects and can provide their customers with a safe and secure way to pay.

But those merchants aren’t free, and they often charge a fee of between 1% and 5%, depending on the type of service they provide. That might not sound like much, but it all adds up, and for retailers processing millions of dollars a day, it’s a pretty hefty sum.

The blockchain could help these customers to process payments quickly and cheaply, allowing them to avoid the middleman, cut out the costs, and keep more of the profits for themselves.

The result is that retailers will have more cash and more freedom, and that could potentially lead to cheaper products and services.

 

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Blockchain

A Golden Cross is Underway for Bitcoin Price! Here’s when it’s set to happen

bitcoin

The post A Golden Cross is Underway for Bitcoin Price! Here’s when it’s set to happen appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin’s price action this week has been highly volatile, it has swung in the fairly large range of  $34K to $40K multiple times. Hodlers are split on whether this is a beginning of a bullish breakout or a fakeout due to the high volatility.  Popular Analyst Micheal Van De Poppe, in his recent video has …

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Bitcoin’s price action this week has been highly volatile, it has swung in the fairly large range of  $34K to $40K multiple times. Hodlers are split on whether this is a beginning of a bullish breakout or a fakeout due to the high volatility. 

Popular Analyst Micheal Van De Poppe, in his recent video has weighed in on BTCs price trajectory moving forward and the possibility of a Golden Cross formation.

He says the flagship crypto is still acting in resistance. As the price has made a steep surge, breaking above resistance instantly is not possible. Hence a consolidation before continuation is inevitable. 

With regards to Golden Cross, Poppe recalls the timeline of the death cross Bitcoin faced around $35K and prevented a major fall to $20K levels as predicted highly. This is where the road to Golden Cross begins.

Historically after every death cross, a golden cross has followed suit. Be it 2019, 2020 the pattern is a staple, – the price starts dipping, a death cross happens, price consolidates, and a new golden cross forms.

Hence, a Golden Cross should be underway now. Now that BTC has surged, the 50day MA will start moving upwards and the 200 days MA will follow and make a Golden Cross formation tentatively during August or September. 

He further adds that The Golden Cross will most likely happen after Bitcoin finishes this run. 

But First, 

While the Golden Cross is in the near future, BTC now needs to start forming higher lows to catapult to higher highs as it maintains a bullish uptrend. Says the analyst. 

According to him, BTC is set to retreat and form a high in the $34.5K – $36K range, perhaps at the $32.6K level. If this plays out as predicted, a continuation to the upside will follow and higher highs will be formed at the $48K to $51K levels.

Making a similar case is another popular analyst Crypto Capo. In his recent tweet, he says that he is looking at the $35K – 36K levels for a higher low.

He predicts that BTC price will retest the $41K level and when it consolidates above the range high, 100K plus for Bitcoin will be a clear possibility. 

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coinpedia.org/bitcoin/bitcoin-golden-cross/

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