Domino Effect On Stablecoins Leads To Reversal Of Growth Trend
The crypto bear market of 2022 has spared no digital asset in the space, and stablecoins have been no different. The assets which have always served as a safe haven for investors when it comes to the high volatility of the crypto market had seen a drawdown coming into the new year. As a result of this, for the first time, these stablecoins are now seeing a reversal of their otherwise bullish growth trend over the last couple of years. Stablecoins See Market Cap Plummet Stablecoins had grown tremendously throughout the bull market of 2021. By the end of the year, the year-over-year growth....
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PRESS RELEASE. Global blockchain technology organization ABBC Foundation announced a new crypto trading hub through its next-generation decentralized exchange (DEX) – DOMINO. Target launching of the DEX is on July 18, 2022.
ABBC Foundation declared that DOMINO will boast enhanced security protocols to facilitate a safe and efficient trading environment.
DOMINO DEX will allow its users to have the freedom to take advantage of low trading costs, no additional fees, and no minimum requirements needed. DOMINO DEX will only charge minimal fees; however, the fees can....
Ethereum price is at a stage of forming a hidden reversal of a long-term downward trend. The price is still in the area of high volatility. ETH/USD. Ethereum’s rebound from $10.5 can provoke an increase in volatility. Such a development of the upward trend can indicate a possible hidden reversal. That reversal is taking place at a subwave level when there is a clear advantage of one group of traders over the other. Two possible course of events. Break through $11.7 mark and continuation of growth towards $20. A confirmation of this scenario would be a fortification of Ethereum price above....
Ethereum price has reached psychological resistance. If it breaks through that line, the next stop is likely to occur at the $20 point. Another increase in volatility can provoke the launch of a new Blockchain consortium, which Microsoft will join. ETH/USD. The growth scenario continues. The hidden reversal structure is still intact. The price has failed to form a reversal at the key level of $12.7; it has led to a new upward impulse. When a hidden reversal takes place, the majority of traders usually open their deals at the nearest key lines. The rebounds, in that case, tend to be....