‘The Magic Line’: Key Support Level At $74,000 Determines Bitcoin Bull Or Bea...
Since January 31, Bitcoin (BTC) has experienced a significant correction, with the leading cryptocurrency plummeting as much as 27.52%. Currently valued around $79,000, Bitcoin’s price is precariously balanced above a crucial support level dubbed as “the magic line,” which is set at $74,000, pivotal in determining the market’s trajectory—bullish or bearish. A Historical Buffer Against Bear Markets In a recent social media post on X (formerly Twitter), market expert Doctor Profit emphasized that “the magic line” placed at $74,000 in his analysis is not just a number....
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On Tuesday, the Solana-based non-fungible token (NFT) marketplace Magic Eden announced the project is airdropping NFT tickets to existing Magic Eden users and plans to form a decentralized autonomous organization (DAO). On February 21, the Magic Eden project airdropped around 4,000 NFTs to active wallets, and the following day the team announced the DAO roadmap.
The Magic Ticket Airdrop and DAO
According to the developers of the Solana-based Magic Eden NFT marketplace, a DAO is in the making and the fundamentals behind the change. The team detailed that it started distributing....
After Dogecoin temporarily fell by more than 22% yesterday amid rumors of a “Black Friday”, the price has since been able to recover at least some of its losses. Nevertheless, DOGE is still down around 11% since the start of the week. This has put the price of Dogecoin in a tricky situation. Dogecoin Forms Bull Div Dogecoin breached a critical ascending support line before quickly recovering, a behavior that crypto analyst Kevin (@Kev_Capital_TA) describes as testing the “lines in the sand” for this ongoing bull market structure. Related Reading: Dogecoin Crashes 20%, But ‘Bull Line’....
NFT strategy game Dragon War has confirmed a partnership with Magic Eden, Solana’s fast-growing NFT marketplace. As part of the deal, the play-to-earn project will make Magic Eden its preferred INO launchpad, with 5,000 non-fungible tokens (NFTs) set to go live on the site on May 16, 2022. For the past several weeks Dragon War […]