cryptonews

Solana’s (SOL) price recovery has been very unsuccessful. Despite the efforts of bulls, SOL has continued to form lower lows and even lower highs which just shines more light on its persistent downtrend. There might be some light at the end of the tunnel for SOL as it seems like the crypto is consolidating between two barriers, attempting to break out.

At the moment, it seems like SOL is stuck between $41.25 to $37.37. This comes after Solana’s price moved from consolidating between the $41.25 support level and the 55.97% resistance level. This move is very clearly bearish, but it does seem like the lows are stabilizing around the $37.37 foothold.

Investors should be very cautious about a move above the $41.25 level as it could create a false sense of hope. If the price moves to over $45, however, it is much more possible to see an uptrend.

Another thing that investors need to take into consideration is the fact that SOL has been on a downtrend since May 16. It has also been producing lower lows since the May 12 crash and the subsequent swing high at $59,31. But luckily, it now seems like SOL is somewhat stabilizing around $37.37, which means a turnaround for the Ethereum-killer is a definite possibility.

On the other hand, if it were to happen that the sellers take control again and flip the $37.37 support level into a resistance barrier on the four-hour chart, it could cancel out the bullish thesis for SOL.

According to CoinMarketCap, SOL is now worth $38.97 after a 0.19% drop in price over the last 24 hours.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Crypto influencer, Dan Gambardello, posted in a tweet on June 8 why he is waiting for a Cardano (ADA) breakthrough.

One of the first things he mentioned was that the ADA’s Vasil Hard Fork is just around the corner. In addition to this, Gambardello also noticed an ascending triangle pattern on ADA’s chart.

The triangle is starting to reach its apex, but the most significant thing about this for Gambardello is that the apex is “basically wrapping around the Vasil Hard Fork” at the end of June.

Gambardello also mentioned the fact that ADA is busy testing the $0.647 resistance and is closing daily candles above the 20-day moving average.

Another significant aspect for the influencer is that the interest in Cardano is on the increase. The crypto space seems to have a bullish sentiment towards the crypto and a number of whales have also been stocking up on ADA.

Gambardello concluded by acknowledging that anything can still happen, but that he thinks that the crypto market and even traditional markets are positioned for a rally if everything falls right.

He also stated that he is not trying to make a prediction about ADA, but rather referring to the consistent data that ADA has produced throughout its past.

According to CoinMarketCap, Cardano is currently worth $0.6393 after a 9.28% increase in price over the last 24 hours and a 4.76% price increase over the last seven days.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Binance CEO Changpeng Zhao is in the Philippines to talk about the cryptocurrency exchange’s plans to expand in the country.

The CEO said the company is looking to invest in Philippine traditional financial institutions such as banks and payments service providers. “We want to help bring those businesses [into] the blockchain world.”

“Regulation helps adoption, not the other way around,” Zhao said when mentioning that he has met with a few Philippine officials in hopes of getting licenses for Binance. Such permits include the Virtual Asset Service Providers (VASP) and Electronic Money Issuer.

Interestingly, Binance trying to get VASP has been hinted at before by Filipino journalist Michelle Ong in a live TV interview over two months ago. As per the Philippine central bank, Binance has yet to have one.

Zhao then revealed that Binance is hoping to expand its operations in the Philippines, especially once regulatory and banking support is in place.

[The] Philippines is very important. It’s actually super important for us.

More details about Zhao’s South East Asian tour to woo the region’s governments have yet to surface, but it is apparent that the CEO is adamant about establishing Binance in this part of the globe.

Earlier this week, Binance Malaysia inked a partnership with Malaysian exchanges to expedite crypto adoption in the country. Currently, the nation is focusing on its local digital asset sector.

When looking at the Philippines’ blockchain and crypto climate, it appears that Binance would not get into much trouble in procuring these licenses as the country is seemingly sympathetic toward the technology.

CQ earlier reported that the Philippines will launch the pilot program for its CBDC. The country’s central bank announced that it is pushing for continued research and development in the CBDC space.

Notably, the Philippines ranks 15th in the global cryptocurrency adoption list published by Business World late last year. And just this March, the country’s Science and Technology department made it known that the government will push for adoption, starting with encouraging blockchain courses in universities.

Cardano (ADA) is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Ethereum are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.

According to the GB Market Analysis Software, the price of ADA will rise in the next 48 hours (2022-06-08, 02:00:00 GMT + 2 – 2022-06-10, 02:00:00 GMT + 2). A confirmation of the signal playing out will be when the price of ADA hits $0.657600. This is also the identified price entry for the trade.

The current support levels for ADA/USDT are $0.575400 (first support level), $0.536700 (second support level), and $0.501900 (third support level). Meanwhile, the current resistance levels for ADA/USDT are $0.648900 (first resistance level), $0.683700 (second resistance level), and $0.722400 (third resistance level).

Cardano (ADA) Price: Current Market Standing

Cardano (ADA) is ranked number 6 in terms of the biggest cryptocurrency by market cap, according to CoinMarketCap. ADA experienced a 24-hour gain of 9.20% to take its price up to $0.6387. This also puts its total market cap at $21,691,331,309.

Whales have been accumulating ADA in anticipation of the upcoming Vasil Hard Fork. This may be a sign of good things to come for the coin. Furthermore, Grayscale has also increased its portfolio allocation for ADA recently.

Cardano (ADA) Price: Technical Overview

Looking at the technicals for ADA/USDT, the price of ADA has maintained its position above the 9 and 20 EMA. These lines have been resistance levels for ADA in the bear market. The last five days have also been a mini-rally for ADA with the candle today being the biggest gain for ADA in the rally.

Another key thing to note is that the 9 EMA has crossed above the 20 EMA. This indicates that ADA has entered into a short-term bull cycle. The RSI is also still sloped positively well above the RSI SMA line. This is a good bullish flag.

ADA looks to challenge the first resistance level identified by the GB Market Analysis software at $0.648900. Investors can look to enter into a trade now. However, it may be best to enter a trade once the resistance level is breached. It really depends on individual risk appetite.

Taking into account the signal given by the GB Market Analysis Software, as well as several other factors such as the 9 EMA crossing above the 20 EMA and the RSI sloped positively above the RSI SMA line, we could see ADA continue this rally in the next 48 hours.

Once again, the signal confirmation will be the price of ADA hitting $0.657600 – a level between the first and second resistance levels identified by the software.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

The blockchain gaming division of Myria — Myria Studios, announced that the platform is rewarding its community members with its inaugural NFT drop — the Alliance Sigil NFT. The new and existing Myria community members can claim the exclusive NFT free for a limited period.

In-depth, the Alliance Sigil NFT is a significant part of ‘Myriaverse’, the metaverse platform of Myria. This NFT will indicate that each holder chooses to stand in the forefront to fight against ‘The Rift’, a powerful force that consumes real worlds and mutates them into digital ones. Moreover, the Sigil NFT will also grant the holders additional access and utility. The details of this attribute will be revealed later.

Importantly, participants in the NFT drop must complete basic missions to claim their chosen Alliance Sigil NFT, such as joining and introducing themselves to the Myria Discord community. They can also select this NFT to complete further missions, and thereby claim additional rewards.

Members of the community can select from three Alliances: Federation, which seeks to combat the Rift’s expansion on all fronts; Vector Prime, which claims humanity is due for evolution and will stop at nothing to accelerate the Rift’s expansion; and finally Equinox, which favors balance and co-existence.

Myria is an Ethereum Layer 2 scaling solution built for gaming. The platform makes digital assets trading and blockchain gaming easy with the all-in-one feature. This includes the Myria NFT marketplace, Myria Wallet, Myria Game Platform, and a decentralized exchange.

Meanwhile, Myria Studios showcases many free-to-play AAA games spanning an entire interconnected ecosystem. The games mostly range from light-hearted multiplayer obstacle course games to action-packed battle-royale shooter games.

Ripple is a technology that has both a cryptocurrency (XRP) and a digital payment network for financial transactions. Co-founders Chris Larsen and Jed McCaleb first released it in 2012. Ripple’s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.

The token used for the cryptocurrency is pre-mined and utilizes the ticker symbol XRP. Ripple is the name of the company and the network, and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks – as a sort of temporary settlement layer.

According to the GB Market Analysis Software, it will be best not to place an XRP trade in the next 48 hours in the date range (2022-06-08, 02:00:00 GMT + 2 – 2022-06-10, 02:00:00 GMT + 2).

XRP Price: Current Market Standing

Ripple (XRP) is ranked number 7 in terms of the biggest cryptocurrency by market cap, according to CoinMarketCap, and experienced a 24-hour gain of 2.27% to take its price up to $0.3993. This also puts its total market cap at $19,303,381,556.

Ripple has been in an ongoing lawsuit with the Securities and Exchange Commission (SEC) that seems to have turned in favor of Ripple. The final verdict for the lawsuit is expected to be delivered towards the end of this year.

In addition, the CEO of Ripple – Brad Garlinghouse, has hinted at future expansions for the project. It is believed that the expansion drive will include a number of strategic acquisitions and mergers.

XRP Price: Technical Overview

Looking at the daily chart for XRP/USDT, the price of XRP attempted to retest the 9 EMA line, which is one of the levels that have acted as a resistance for XRP. The other level is the 20 EMA line.

The previous break above the 9 EMA line only lasted two to three days for XRP as its price was brought back down below the level towards the start of this month. With the current break above the 9 EMA line, the price of XRP is slightly over and between the 9 EMA and 20 EMA.

The only reason that the price of XRP is so close to breaching the 20 EMA is that there is an EMA squeeze with the 9 and 20 EMA lines.

Another indicator to take note of is the Relative Strength Index (RSI) and its position relative to the RSI SMA line. The RSI line has risen above the RSI SMA line but now seems to be sloping downwards towards the RSI SMA line. This may be a bearish flag.

However, the RSI line is still positioned above the RSI SMA line. This means that there is still a chance for a bullish flag to show up with the RSI indicator.

Taking into account the signal given by the GB Market Analysis Software, as well as the fact that the price of XRP has not confidently established whether or not it may stay above the 9 EMA line, and the RSI being negatively sloped, it may be best to not enter into an XRP trade in the next 48 hours.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

This Shiba Inu (SHIB) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SHIB price analysis and prediction.

Shiba Inu is one of the most talked-about digital assets in the crypto world lately since it turned some investors into millionaires. Regarding crypto technology, SHIB is an experimental meme token that is called the “Doge Killer”. It was launched on the Ethereum blockchain but is also present in other blockchains like Binance Smart Chain (BSC). It complies with the rules set by the respective blockchains it is integrated into to ensure its security. On the other hand, SHIB can take advantage of the technology that ETH possesses along with its other crypto partners.

In this SHIB price analysis and price prediction, we take a look at the performance of SHIB if it will reach $0.000030. But before that, let us learn more about what Shiba Inu (SHIB) is and its current position in the crypto market.

What Is Shiba Inu Token?

Shiba Inu is a cryptocurrency meme token mostly known as the Dogecoin Killer. The name was due to its exponential bullish run that has yielded over 158,000 times to its investors in the past one year while Dogecoin (Doge) is yielding only 15.58 times in the same duration according to Coingecko data. Truly, this is an aggressive achievement that SHIB should be proud of.

What Is Shiba Inu Token? 22

As of today, SHIB is still a new project compared to the other digital assets in the crypto market. However, SHIB continues to develop its technology with its team of developers and independent holders are burning the token to reduce its volume in circulation. In fact, the network is currently working with its other flagship tokens such as $LEASH and $BONES.

Furthermore, SHIB is on its way to developing its own decentralized exchange: ShibaSwap. Once launched, ShibaSwap seeks to provide a safe place for crypto traders to trade valuable cryptocurrencies.

For now, traders and investors that are interested in SHIB can check the availability of the crypto at different decentralized exchanges Binance, Huobi Global, and OKEx to name a few.

Shiba Inu (SHIB) Market Position

So far, SHIB is one of the most aggressive digital assets in the crypto market this year. For this reason, the crypto was able to place itself among the top 20 cryptos on CoinMarketCap. Indeed, this is a good market standing favored by global investors.

In terms of market position, SHIB market capitalization amounts to almost $6,556,463,295 as of the time of writing. Today, SHIB has a 24-hour trading volume amounting to over $500,682,884 with a circulating supply of almost 549,063.28B SHIB. It is trading at $0.00001194 and has increased by 11.67% in the past 24-hour.

Now that you already have an idea about what SHIB cryptocurrency is, do you think SHIB is a good investment this year? If you are already excited to know, come, and together let us check this SHIB price analysis and price prediction article.

Shiba Inu (SHIB) Price Analysis 2022

Currently, Shiba Inu (SHIB) is in the 16^th position in CoinMarketCap. But, with the continuous token burn and its active community of investors, the year could hold good surprises for its supporters. Let’s proceed to the charts in this SHIB price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for SHIB/USDT, we can deduce that the price of Shiba Inu might get bullish in some days since the price had a breakout at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 68.75.  This shows that SHIB is showing an overbought trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are within the recently formed candlesticks, the price of the SHIB might maintain the present bullish run for some days.

Shiba Inu (SHIB) Price Prediction 2022

The chart below shows that Shiba Inu (SHIB) price has reduced in the past few days. Moreover, the price of Shiba Inu (SHIB) has increased by 11.67% in the last 24 hours. If this trend continues, SHIB might run along with the bulls, thereby hitting the $0.00001288 resistance1 level, and move higher to $0.000022 resistance5 level, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Shiba Inu from its uptrend position. In simpler terms, the price of SHIB might plummet to almost $0.000010, a bearish signal.

Meanwhile, our long-term Shiba Inu (SHIB) price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.00008845 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, Shiba Inu (SHIB) will reach $0.000022 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.000017. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.000030 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Shiba Inu (SHIB) Price Prediction 2023

If Shiba Inu (SHIB) holds the support level around 100-MA, the long-term moving average of 100 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.000050.

Shiba Inu (SHIB) Price Prediction 2024

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.000080.

Shiba Inu (SHIB) Price Prediction 2025

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2025. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.000100.

Shiba Inu (SHIB) Price Prediction 2026

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2026. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.000250.

Shiba Inu (SHIB) Price Prediction 2027

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2074. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.000400.

Shiba Inu (SHIB) Price Prediction 2028

In the next seven years, Shiba Inu (SHIB) prices could race up to $0.000600. However, reaching this level could not be so difficult for Shiba Inu as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SHIB has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.

Shiba Inu (SHIB) Price Prediction 2029

In the next eight years, Shiba Inu (SHIB) prices could race up to $0.000800. However, reaching this level could not be so difficult for Shiba Inu as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SHIB has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Shiba Inu (SHIB) Price Prediction 2030

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.0010.

Conclusion

SHIB has a bright future ahead of it in 2022. With the ongoing developments happening within the SHIB ecosystem, as well as in the overall crypto market, we may see SHIB reach new heights.

Bullish SHIB price prediction 2022 is between $0.000017 to $0.000022. As said above, it may even reach $0.000030 if investors have decided that SHIB is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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