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Sentiments have been weak all across the board. Tezos, Aave and Dogecoin – all of these altcoins were facing the brunt of selling pressure across the cryptocurrency market. However, coins such as Tezos still had hopes and a small recovery could trigger a further rally in prices.
While in case of Dogecoin, prices were trading below most sustainable support levels, and a rally back to its recent highs looked tough.Tezos (XTZ)
The currency pair XTZ/USD rallied for a month and a half before briefly correcting, down at $5 levels. However, a cup and handle pattern, indicated by the white line, was forming on the charts. A small recovery above $7-$8 regions could result in another rally.
Overall, indicators suggested weakness in the charts, standing at support levels. The Relative Strength Index at the time of writing was at the 42 mark, and hadn’t reached the oversold territory but did not signify bullishness either. MACD too suffered a bearish crossover but was still in the positive territory, above the zero line.
Prices also broke down below the 20-day Moving Average (green). So overall, indications seem bearish but any small recovery could trigger a short covering and result in a good upward move in prices.Aave (AAVE)
The AAVE/USD currency pair, was facing the heat of extreme selling pressure, forming lower tops and a lower bottom pattern, as indicated by the blue channel on the charts. This is a very bearish pattern and unless the prices break over $400 level, and sustain above it, any further rally could be a distant dream.
It must be noted that this coin was currently trading near the lower end of the channel, and any breakdown below this level, would bring forth further selling pressure in the market. The next immediate level of support would be $200 as indicated by the yellow line.
The indicators for AAVE also turned quite bearish. The Relative Strength Index touched 36 mark on the daily time frame. MACD indicator too breached down below the zero line after suffering a bearish crossover. The AAVE/USD currency pair was also trading below the 20-day Moving Average (green) which further confirmed the bearish trend.Dogecoin (DOGE)
Dogecoin, one of the most hyped cryptocurrencies in the market was under severe selling pressure as well. While Musk adopted a new pet, Floki, it sent Shiba Inu skyrocketing, and leaving Dogecoin behind, in the dust. It had rallied till the middle of August, but since then, it did not show any strength whatsoever.
DOGE broke down below the support level of the descending triangle pattern (yellow lines), and this suggested extreme bearishness for the immediate short term. So the short term trend for this altcoin seemed quite bleak with the closest support below current levels around $0.18.
The Relative Strength Index was at 33, almost in the oversold territory and this suggested heavy weakness in the coin for the foreseeable short term. The MACD indicator turned convincingly bearish over the past 8-9 days consecutively.
DOGE/USD prices were also trading below the 20-day Moving Average (green) and it would take a major positive development, to push this currency pair past its recent high and regain any of its past bullishness.
You're reading Tezos, Aave, Dogecoin Price Analysis: 22 September
The high volatility of meme coins paired with the overall bear market has significantly impacted both Shiba Inu (SHIB) and Dogecoin (DOGE), causing uncertainty among investors.
Meanwhile, Tradecurve (TCRV), currently in Stage 2 of its presale, is among the hottest tokens on the market as it promises stable, long-term gains and unmatched access to financial products and trading opportunities.Shiba Inu (SHIB) Price Prediction
Things are not looking too good for Shiba Inu (SHIB) holders. Namely, the meme coin hype caused many to buy Shiba Inu (SHIB) tokens. But the excitement did not last very long, as over 80% of Shiba Inu (SHIB) token holders are currently experiencing losses on their investments.
This comes after the meme coin hype simmering down, causing Shiba Inu (SHIB) to drop 4.1% in value over the last week. Additionally, the Shiba Inu (SHIB) token currently trades at $0.000008692, marking a 0.47% decrease in the previous 24 hours. Moreover, the Shiba Inu (SHIB) trading volume has decreased by 36.13% since yesterday.
All of this has led experts to believe that the Shiba Inu (SHIB) price could drop to $0.000007 soon if the token does not maintain its position above the $0.00008 support level, bringing critical losses for the token and its holders.Where Will the Dogecoin (DOGE) Price Go?
A never-ending sideways trading pattern has been following Dogecoin (DOGE) for most of 2023. And despite the periodic growth Dogecoin (DOGE) experienced when the meme coin hype raged on, it is now back to its previous volatile performance, leaving investors to wonder where the Dogecoin (DOGE) price will go.
Experts believe Dogecoin (DOGE) currently shows a consolidation pattern, with support in the $0.065-$0.070 region. At the moment of writing, the Dogecoin (DOGE) token trades at $0.073, decreasing by 0.10% in the last 24 hours. Additionally, the Dogecoin (DOGE) trading volume has dropped 44.03% since yesterday.
However, experts believe that an upcoming bullish trend for Dogecoin (DOGE) is a likely possibility, as its RSI slope has been rising, meaning there is underlying buying pressure. And if the Dogecoin (DOGE) bulls succeed in gaining momentum, the Dogecoin (DOGE) price could potentially see a 3-5% rally.Tradecurve (TCRV) – Bridging the Gap Between Traditional and Crypto Trading
The upcoming launch of Tradecurve (TCRV) is creating a lot of buzz in the crypto world as investors and experts alike wait to watch history being made in real-time.
Tradecurve will transform the way trading is done by providing the world’s first hybrid trading platform that perfectly combines the best elements of centralized and decentralized exchanges. Namely, users will be able to trade commodities, options, stocks, bonds, forex, ETFs, and crypto all from one account.
Additionally, Tradecurve’s decentralized nature will enable users to trade no matter where they are in the world and remain completely anonymous in the process, as they will not need to meet any KYC requirements.
Tradecurve users will also benefit from many features the platform will introduce, including AI algorithmic trading, high leverage starting from 500:1, and copy-trading (where users can pay a subscription fee to traders with a good success rate and copy their trades).
Moreover, Tradecurve plans to launch its own metaverse training academy, providing users with many educational resources and courses where they can learn about trading strategies and talk with crypto experts.
But that’s not all! TCRV token holders will also receive discounts on trading fees, a passive income from staking, VIP account service, and exclusive deposit and level-up bonuses and perks.
Currently, TCRV is in Stage 2 of its presale and trades at $0.012, providing the perfect opportunity for investors to become a part of this revolutionary project before prices soar. And according to experts, they definitely will, as TCRV is predicted to rise 50x before it launches on tier-1 CEXs, when it will grow by an additional 100x.
And if we take into account that the Binance BNB ICO started at $0.11, with BNB currently trading at $308, there is no telling how far TCRV will actually go.For more information about $TCRV presale tokens:
Cryptocurrencies have witnessed price volatility and intensified competition in the market. To address these challenges, blockchain projects have adopted two approaches: buybacks and token burns. While both serve the purpose of stimulating prices and controlling token supply, they differ in their mechanisms and goals. A crypto buyback involves companies purchasing their tokens from the market and destroying them, reducing the total circulating supply and positively impacting token prices. Token holders benefit from increased token value. The recent Shiba Inu (SHIB) token burn, which caused a 1600% spike, has had ripple effects on other meme coins like Dogecoin (DOGE) and Big Eyes Coin (BIG).Shiba Inu’s Spectacular Spike
The burn rate of Shiba Inu (SHIB) has experienced a significant surge, witnessing a remarkable 1,619% increase compared to the previous day’s unusually low figures. Over the last 24 hours at the time of writing, around 330 million SHIB tokens underwent a permanent removal from circulation through the burning process, leading to a reduction in the total supply. This increase in the burn rate of Shiba Inu has a favourable effect on its price by instilling scarcity through a decrease in the token’s supply. Assuming the demand for SHIB remains steady or grows, there is a high probability that the token’s price will experience an appreciation.
This development aligns with promising price movements for Shiba Inu, currently trading at $0.000008 and successfully reaching the 50 exponential moving average (EMA), a widely used indicator for trend direction determination.
The impressive burn rate and subsequent price response showcase the proactive measures undertaken by the Shiba Inu community to control token supply and indirectly influence its price. The burn strategy aims to create a deflationary effect, countering the inflationary pressure caused by the token’s large initial supply.Dogecoin’s Bullish Breakout Expected
Dogecoin (DOGE) has faced significant challenges in recent weeks, struggling to break higher and experiencing a prolonged downtrend. However, the current price action suggests that DOGE is tightening within a range, creating anticipation among investors for a bullish breakout. A successful breakout above the resistance level would indicate a significant upward movement for Dogecoin. In such a scenario, DOGE could target the liquidity resting above the equal highs at $0.0721.
Continued bullish momentum could potentially drive Dogecoin price towards the next hurdle at $0.0814. This move would represent a gain of 20% from the current position of $0.0673.
Investors who are interested in Dogecoin should also keep a close eye on the support level at $0.0631. In the event of a retracement before attempting a breakout, this support level could present a good buying opportunity for DOGE.Big Eyes Coin Set For The Casino Launch
Experience the groundbreaking world of Big Eyes Coin (BIG), a revolutionary cryptocurrency that has recently made its mark in the market. This unique meme coin stands apart with its mission to shift wealth into the decentralised finance (DeFi) ecosystem while also promoting environmental preservation. Let’s explore its impressive features and the excitement surrounding its upcoming product launch.
Big Eyes Coin has harnessed the potential of non-fungible tokens (NFTs) to create a blockchain ecosystem that fosters rapid growth. This token, driven by a vibrant community, not only generates wealth for its members but also contributes to charitable causes. The endearing tale of Big Eyes, a cat with large eyes embarking on a journey to save the oceans, adds a captivating and relatable touch to the project’s vision.
Mark your calendars for August 29, 2023, as the launch of the highly anticipated Big Eyes Coin Casino draws near. This event promises to captivate the attention of enthusiastic gamblers and crypto aficionados worldwide. With a vast selection of over 4,000 casino games, including a plethora of play-to-earn options, players will be presented with numerous opportunities to win and accumulate $BIG, the network’s preferred currency. The exclusivity of Big Eyes Coin as the sole accepted currency within the casino will undoubtedly boost trading volume and lead to the creation of more Big Eyes Coin Space accounts.
As the play-to-earn trend gains momentum in the crypto space, Big Eyes Coin emerges as a prominent player, providing a platform that combines entertainment and financial opportunities. The ability to earn valuable rewards simply by participating in casino games adds an exciting element to the overall experience. Players can immerse themselves in a world of thrilling gameplay while also reaping the benefits of their skills and involvement.
While the substantial increase in Shiba Inu’s burn rate has generated optimism in the market, Meme Coins like Dogecoin are also coming out of the downward trend and expecting a bullish sentiment soon. The new Big Eyes Coin also seeks to reach its full potential with the launch of the NFTs and Casino. The coming months are going to bring a bullish wave for the meme coins it seems.Big Eyes Coin (BIG)
Telegram: Telegram: Contact @BIGEYESOFFICIAL
Those wondering whether The Walt Disney Company would eventually give up on a traditional theatrical release for “Mulan” now have their answer.
While the coronavirus pandemic prompted Disney to accelerate the streaming release of some movies like Pixar’s “Onward,” and to send certain lower-profile movies like “Artemis Fowl” straight to Disney+ until now the company has chosen to delay its bigger releases like “Mulan” and “Black Widow.” In fact, “Mulan” and Christopher Nolan’s “Tenet” were expected to be the first big movies in theaters whenever they reopened.
Also read: The Top 10 Digital Process Automation (DPA) Tools
And through today’s earnings forecast, Disney CEO Bob Chapek stated that”Mulan” will start on Disney+ on September 4 as a”premiere accessibility” launch in”many Disney+ markets,” such as the USA and Canada, while also being released theatrically at”certain niches.”
It seems just like readers might need to pay an extra $29.99 for your movie, although Chapek did not provide any details regarding how this will operate.
In case”Mulan” is popular, and if it remains dangerous to start theaters in certain geographies, subsequently Disney could possibly follow a similar plan for”Black Widow” and other forthcoming movies.
During the chat, Chapek also said that as of yesterday, Disney+ has grown to more than 60.5 million paid subscribers.
Aave is a lending protocol where people can borrow cryptocurrency in exchange for gas fees and interest. While others can lend their crypto assets to the liquidity pool of the protocol and earn interest. It is based on the Ethereum blockchain. It removes any centralized or third-party intermediaries from the process along with the need for KYC. You can use the Aave anonymously using Metamask or non-custodial wallets.
AAVE started as ETHLend. It was founded by Stani Kulechov in 2023 as a crypto lending platform that used a Pier-to-Pier system to match borrowers with lenders. This was not an automatic system and did not work due to a lack of liquidity. So in 2023, it was renamed Aave and in January 2023, it was released on the Ethereum blockchain as a DeFi lending protocol.
The word Aave means ghost in the Finnish language. This name somewhat represents the anonymous and decentralized nature of the protocol. Let us learn more about how lending and borrowing work in Aave.
In Aave, you take the loan from other lenders instead of banks, but you still have to provide collateral, just like in traditional loans where you put your car or house title as collateral. But in a DeFi loan, you use other crypto assets you own as collateral. You can borrow up to 80% value of your cryptocurrency.
So, for example, if you put 100$ worth of ETH as collateral, then you can borrow 80$ worth of another crypto. This system of paying more collateral than the borrowed amount is called over-collateralization. This type of borrowing also allows for leveraged lending, which is a very high-risk position.
Over-collateralization is necessary due to the volatile nature of cryptocurrency. If your collateral asset’s value goes down, Aave can sell it and pay the lender. But if the value of your collateral asset increases, you can return the borrowed amount and any interest over it to get back your collateral which has now increased in value.
Aave Token: Aave is the native token of the protocol. It is an ERC-20 token and is used as a governance token. Users who hold it can cast their vote on the changes to the platform. It can also be staked or used to get a discount on gas fees as well as people who use the Aave token as collateral can borrow a little more crypto in return. It was previously called LEND.
aToken: People who deposit their crypto assets in Aave are called lenders. They provide liquidity for crypto and earn interest in real-time on their deposit. This interest is tokenized as Aave interest-bearing tokens or aTokens. The value of aToken is equal to the crypto asset. When a user decides to withdraw their tokens from Aave, these aTokens are converted back to the original asset.
Decentralized Finance or DeFi, is a model of digital finance based on blockchain technology that executes transactions with the help of smart contracts. DeFi eliminates any middlemen like Banks or brokers and helps connect a seller with the potential crypto buyer, saving extra brokerage costs.
Interest rates are based on the supply and demand of the cryptocurrency. If there is plenty of liquidity and not enough demand, then the interest rates will be lower, and if there is a lot of demand but not enough liquidity, then the interest will be high.
Rate switching is another feature exclusive to Aave, which allows borrowers to switch to stable or fixed interest or variable or floating interest. This allows them to save money on their interest and get the best possible interest rates saving on overall borrowing costs.
Aave is leading the charge of decentralized finance and continuously improving and adding more to its already amazing features. It is working toward gaming, finance, and other sectors, as well as partnering up with other DeFi platforms. It has also added Polygon support to help save money on gas fees and recently expressed its plans to create a DeFi alternative to Twitter. Aave is an exciting platform, but one must know the risks of borrowing crypto and loans. This is why we recommend you do your due diligence and research before on the topic.
SFM should be around $0.00025.
SafeMoon price prediction 19 Jul 2023: SafeMoon’s price for 19 Jul 2023 according to our analysis should range between $0.00024 to $0.00028 and the average price of SFM should be around $0.00026.
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