The rising selling pressure teases a fallout to $3 in the THETA coin price with the crashing crypto market. Is it time to exit? Theta was co-founded by Mitch Liu and Jieyi Long in 2018. Liu has a long-standing history in the video and gaming industries. He co-founded the video advertising company Tapjoy, as well as the mobile social gaming company Gameview Studios and THETA.tv. It is the live streaming platform that’s the DApp which became the initial one to be developed using Theta protocol. Theta’s primary business idea is decentralizing data streaming, video streaming, and edge computing to make it more cost-effective, efficient, and fair to all participants in the industry. Let us move ahead to read about Theta Network’s technical analysis. Past Performance of THETA THETA coin price fell more than 30% in the past 72 hours resulting in the fallout of $4. Moreover, the falling prices break below the descending triangle mentioned in our previous article. The pattern fallout drives the prices lower to the $3 mark that may soon collapse under the extreme selling pressure. Therefore, traders can shortly find a selling opportunity. THETA/USD Daily Chart THETA Technical Analysis With a downfall of more than 20% in the past 24 hours, the THETA coin price heads lower to break the $3 mark. Moreover, the consecutive bearish candles formation indicates a rise in trend momentum and forms three black crows formations.  The falling crucial Simple Moving Averages (20, 50, 100, and 200) in the daily chart maintain a bearish alignment. The price descends under the bearish SMAs with the 20 and 50-day SMA providing dynamic resistance.  The MACD indicator shows a bearish takeover as the fast line crosses below the slow line in the daily chart. The histograms are yet to give significant movement, but the lines below the zero line suggest a bearish trend in action. The Momentum indicator at -1.16 shows an extremely bearish trend as the slope spikes below the zero line in the daily chart. The next possible support for the slope is at -1.75, which can push the slope higher.  In a nutshell, the technical indicators showcase a boom in the underlying selling pressure as the clouds darken over the crypto-verse.  Upcoming Trend The falling THETA coin price under extreme selling pressure may shortly break below the $3 mark. The breakout will bring an excellent selling spot for traders as the market takes a bearish route.  The price action shows the support levels present at $2.5 and $2 present below the $3 mark. However, if the bulls manage to find some momentum, the resistance at 20 and 50-day SMA will be hard to break above. At the time of writing, the technical analysis widget by TradingView gives a “STRONG SELL” for the THETA coin. Technical Analysis for THETAUSD by TradingView

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The fallout of $2 increases selling pressure in the MATIC coin price. Will the 200-day SMA stand strong or succumb under bearish power? Polygon’s new features are built on the technology that has been proven to increase the capacity to meet the diverse requirements of the developer-based ecosystem. It continues to improve its core technology to ensure that it is able to scale to accommodate a wider ecosystem. Polygon boasts the ability to process up to 65,000 transactions every second in one side chain and a solid block confirmation speed of fewer than 2 seconds. Polygon also permits the creation of global decentralized financial apps using a single blockchain. Let us move ahead to read about Polygon technical analysis. Past Performance of MATIC MATIC coin price action shows a fall of almost 30% in the past week due to the increased selling pressure all over the market. The breakout of the head-and-shoulders pattern, mentioned in our previous article, is below the $2 support. The fallout results in a downfall of almost 15% within 24 hours, resulting in the formation of a bearish engulfing candlestick.  MATIC/USD Daily Chart MATIC Technical Analysis The MATIC coin price shows a rise in bearish trend momentum and selling pressure. It is evident by the pattern breakout and a 20% jump in trading volume. Moreover, the price falls below the $1.70 mark as it heads lower to the $1.5 mark. The falling 20-day SMA breaks below the 50-day SMA as it heads lower to the 100-day SMA to give another bearish crossover. Moreover, the price breaks below all the SMAs except the 200-day line as it struggles to find support near it.  The MACD indicator shows the MACD and signal lines cracking below the zero line in the daily chart. With the increasing trend of falling histograms and increasing gap between the fast and slow lines, the rise in selling pressure is crystal clear.  The Momentum indicator shows a downfall in the slope below the zero line in the daily chart. The slope at -0.72 shows a sudden jump in the underlying bearish momentum. Therefore, the technical indicators suggest a growth in bearish power as the price breaks below the $2 mark. Moreover, the 200-day SMA breakout seems imminent. Upcoming Trend The MATIC coin price action shows growth in underlying selling pressure after the fallout of the rising channel and the support level at $2. The increased bearish trend momentum may shortly break below the 200-day SMA to reach the $.5 or $1.2 mark. However, if the prices find support near the 200-day SMA, the resistance levels are at $2 and $2.15. At press time, the technical Analysis by TradingView gives a “SELL” signal for the MATIC coin. Technical Analysis for MATICUSD by TradingView

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Well, the broader cryptocurrency has entered the second consecutive day of massive correction with Bitcoin bleeding deep red. Although Bitcoin has corrected a staggering 47% from its all-time high of $69,000, here’s why we think one should still wait and not jump in straight away to buy the dips. Despite Bitcoin correcting heavily over the

The post Here’s Why You Should NOT Yet Buy the Bitcoin Dip, Miner Capitulation Ahead? appeared first on CoinGape.

Like many airlines worldwide, LATAM Airlines Group was worried about the deployment of 5G network in the United…

New ideas have often found resistance, something that certainly isn’t new to bitcoin and its entrance into the mainstream.

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be […]

Singapore is telling all crypto companies within its borders to cease advertising their products and services to members of the public. This rule also applies to any banks or traditional institutions that offer crypto. They are not allowed to produce any advertisements and they cannot show these ads in public areas like on buses or...

The post Singapore Looks to Place a Limit on Crypto Advertising appeared first on Live Bitcoin News.

LocoMeta aspires to be the most creative Metaverse game on the blockchain. It allows its users to enjoy being a part of an infinite universe, the thrill of strategic gameplay, and the opportunity to earn LOCO tokens.

Mint to Earn

According to the website, LocoMeta is a game that involves a train that goes around the Metaverse Universe to the end of the world. The team plans to complete this in the years 2024 to 2025.

In the LocoMeta universe, NFT tokens are incredibly dynamic, practical, and functional. Unlike many NFTs in the crypto space today, strictly collectibles or "artwork," the NFTs in the LocoMetaNFT Framework have multiple uses.

NFT tokens can be transferred out of the game universe and sold or exchanged on third-party sites. The LOCO NFTs, on the other hand, serve practical purposes in the LocoMeta Universe.

LocoMeta NFTs

While the NFTs in LocoMeta are cool to look at, they are also fully functional and beneficial to your character in-game. 

Each NFT has a distinct level and feature. The wagon NFT comes with a multiplier value. It determines the number of tickets printed, the time it takes to produce each seat, and the time for the machinist to distribute them.

Your daily production amount is indicated by the ticket NFT. Purchasing a ticket will allow you to start production on your wagon. Seats NFT, on the other hand, show your distribution day. In this case, your distribution day begins at 60 days if you are not a seat owner. In addition, you can reduce your distribution time by purchasing a seat.

Finally, the machinist NFT is the most vital component of a train. LocoMeta wanted to give the machinist's NFT a nice meaning here. The faster you go, the better your machinist. It allows you to cut the number of days and produce LOCO more quickly.

The LocoMeta Token

The LocoMeta token is connected to and synchronized with the Binance Smart Chain. Therefore, one wallet can quickly, easily, and cheaply send funds to another on the network. Users can also send it into and out of the LocoMeta.

In-game and outside the game world, players will use the LocoMeta token to buy and trade NFTs. The team sees it as one of the token's primary applications. Players will list their NFTs for sale and exchange them for the LocoMeta token via the in-game auction houses. They can also fix the damage, buy items, and buy fuel, among other things.

Furthermore, the LocoMeta token can be staked and used for farming outside of the game universe. Users will get rewarded when they stake or use the token to farm.

About LocoMeta

LocoMeta is a blockchain-based business Metaverse game focused on staking, farming, NFTs, and other features. LocoMeta aims to become the most creative Metaverse game on the blockchain. Hence, the mint-to-earn game provides users with a fun experience by purchasing NFTs to earn LOCO tokens. 

The NFTs are earning models, but they will prioritize making the first avatar in the in-game universe and participating in the beta version, which they expect to be completed by 2025. Notably, the game is deployed on the Binance Smart Chain and is compatible with Web3 wallets.

The LocoMeta project will slowly adopt more DAO-like features, giving the community the ability to decide on certain aspects of the project's growth.

Token Information

Token Name: LocoMeta 

Token Symbol: LOCO

Token Type: BEP-20

Total Supply: 150,000,000 

Smart Contract Address: 0x458a55951D7974ADE50c2A53827E9144c7fe804b

Initial Circulation Supply (Quantity of unlocked at TGE): 1,300,000

Initial Circulation Supply Percentage: 0.86

Initial Market Cap: 156,000 USD

TGE (Token Generate Event) Time: Instantly

About the Campaign

Various campaigns are being held to celebrate the announcement of LocoMeta.

Private Sale

Anybody can book a place and be one of the first to step into the LocoMeta Universe.

Visit the Private Sale page to see and research all the attractive offers.

Whitelist

Starting January 28th, LocoMeta is running a $40,000 Whitelist Campaign, and if you enter by February 12th, you will be entitled to purchase up to $200 worth of token at private sale price. Join LocoMeta whitelist campaign.

Social Media Handles:

Website

Twitter

Github

Telegram

Medium

Reports on Friday evening indicate that the Securities and Exchange Commission is pushing back on MicroStrategy's approach to bitcoin accounting.

The post SEC rebuffs MicroStrategy’s non-GAAP bitcoin accounting approach: report appeared first on The Block.

Cardano is one of the most widely used types of cryptocurrency, a type of digital currency that can only be used online. Cardano was founded in 2015 and first traded publicly in October 2017 for a few pennies per token. The currency is now worth more than $1.20 in January 2022, after having peaked at more than $3 in the previous 52 weeks. It is one of the top ten most valuable cryptocurrencies in total value. Cardano was established by Charles Hoskinson, a co-founder of Ethereum, another renowned cryptocurrency, and it uses blockchain technology to run on a decentralized public ledger. Like an unending receipt, Blockchain administers and monitors the cryptocurrency, documenting, and arranging every transaction that occurs with it. This decentralized mechanism validates transactions, checks their integrity, and aids in the system’s overall stability and error-free operation. In addition, Cardano has a “proof-of-stake” method, in which currency owners are entrusted with verifying transactions in exchange for a reward. This “staking” incentive might be a fun way to get money. What Is the Origin of Third Generation Crypto Cardano Coins? According to CoinMarketCap, there were approximately 33.5 billion ADA in circulation as of January 2022. Therefore, the entire supply of coins is limited to 45 billion. Cardano is similar to Bitcoin in that it has a fixed quantity of 21 million units. And it’s in contrast to Ethereum, which has an endless supply but a limited annual issuance. The proof of stake approach in Cardano lets those who hold the cryptocurrency have an interest in the system’s integrity – validate transactions on the Blockchain. Then, these validators get compensated (in a crypto coin). Stakers, on the other hand, may lose money if validators approve invalid transactions. You can stake your coins with a validator and receive commensurate compensation as a cryptocurrency owner. However, there is usually a cost for this service. What Is the Function of the Cardano Cardano’s platform supports several different features: Cardano is a cryptocurrency that may be sent and received, as well as transferred in exchange for products and services, using a cryptocurrency wallet. Cardano supports smart contracts, which autonomously self-execute when the contract’s criteria are met. Cardano enables people to interact directly and without authorization with other persons or companies, bypassing middlemen such as banks and other financial institutions. Cardano can enable lending, trading, asset management, insurance, and other common financial activities decentralized finance. Cardano RoadMap The Cardano roadmap is a timeline of the cryptocurrency’s evolution, divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire. Each era is defined by features that will be delivered over several code releases. While the Cardano eras will be delivered in order, the work for each era is done in parallel, with research, prototyping, and development happening simultaneously across the many development streams. Each era’s work is collected and exhibited on its page, signifying years of effort. Here you’ll find a summary of the era’s goals, as well as descriptions of the key functional components, connections to related academic research, status updates, and even real-time code changes. Phases of Cardano Development Cardano is being developed in five stages to be decentralized applications (DApps) development platform with a multi-asset ledger and verified smart contracts. Each of the five phases is referred to as an era and is named after a significant historical figure. The five eras, or phases, are as follows: Foundation (Byron era) Cardano is a third-generation blockchain built from the ground up with research, peer review, and a strict formal development strategy in mind. The tale began in 2015 to address the three major strategic difficulties that all blockchain networks face: scalability, interoperability, and long-term viability. Finally, after two years, thousands of GitHub commits, and hundreds of hours of research, Cardano’s first version was released in September 2017, ushering in the Byron era. Decentralization (Shelley era) Following the Byron era, Cardano’s Shelley era is a period of expansion and development for the network. However, unlike the Byron era, which began when the mainnet was established, the transfer to Shelley is intended to be a seamless, low-risk shift with no service interruptions. The Shelley period covers Cardano’s crucial early moves toward decentralization — which, like any initial step, will be modest but substantial. Smart Contracts (Goguen era) With the addition of smart contracts, the Goguen period marks a significant advancement in Cardano’s capabilities. Whereas the Shelley period decentralizes the system’s core, Goguen builds on Cardano’s robust foundation of peer-reviewed research and high-assurance development to allow users to create decentralized applications (DApps). Scaling (Basho era) The Cardano Basho period is one of optimization, with the network’s scalability and interoperability being improved. Whereas past development eras focused on decentralization and new functionality, Basho is all about enhancing the Cardano network’s actual performance to facilitate growth and acceptance for high-volume applications. … Continued

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Critical comparison among the most prominent computer-aided design tools for PCB design with particular attention to applications related to power devices.

The post A Comparative Analysis of Computer-Aided Design Tools for Complex Power Electronics Systems appeared first on Semiconductor Engineering.