3 hours ago
As altcoins continued to suffer losses amid the ongoing correction, CRV saw another 15% drop overnight to reach its lowest level in three weeks. It may appear weak, but its short-term bullish trajectory is still intact. The first and second weeks of December saw CRV’s price through a consolidation phase after failing to push above $1.34 earlier this month. Breaking down from that phase, it lost the key $1 level on Wednesday and closed with an engulfing bar. This triggered more sell-offs yesterday and the price further fell off the $0.8 level to a low of $0.735 today. There are no signs of recovery yet as supply becomes heavy in intraday trading. The bears are now targeting the $0.7 level. If this price level holds, we can expect a small relief in the selling pressure. If not, it may enter the $0.5 range before bouncing back stronger. Looking at the last three days of trading, which marked CRV’s biggest drops since the crypto started to correct lower, it seemed to have reached an oversold condition in the hourly timeframe, though there’s still room for selling in the daily timeframe. So far, the overall market condition has been horrible following a 40% loss in the past week. Nonetheless, there’s still hope for the long-term bulls. A drop below $0.2 could trigger a serious bearish sentiment. CRV’s Key Levels To Watch Source: Tradingview The next target support for the bears right now is $0.577. If it breaks, the key support level to watch next would be $0.47. A broader correction could bring us back to $0.367 before initiating a fresh increase. A recovery from the current daily low could bring a retest at the flipped $0.88 and $105 levels. The higher resistance level for a break-up is $1.34. Key Resistance Levels: $0.88, $1.05, $1.34 Key Support Levels: $0.577, $0.47, $0.367 Spot Price: $0.736 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: karnoff/ 123RF // Image Effects by Colorcinch
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Qubetics Hits $7.3M Milestone with 363M Tokens Sold as Ethereum Logs 350K Smart Contracts and Stellar Drives Billions in Payments
The crypto space has been buzzing this December with exciting updates. Ethereum (ETH) remains the top choice for developers, with its network recording over 350,000 smart contract deployments this month alone. Meanwhile, Stellar (XLM) is breaking barriers with its crypto-based bulk payment platform, facilitating transactions worth billions of dollars annually. These innovations firmly establish Ethereum and Stellar as two of the best cryptos to buy in December 2024. Amid these developments, Qubetics ($TICS) is carving out its niche. With 363 million tokens sold and $7.3 million raised in its presale, Qubetics is emerging as a frontrunner in usability-focused crypto solutions. Its approach to solving real-world payment challenges makes it a project to watch. Qubetics: Simplifying Crypto for Everyday Use Crypto transactions can feel overwhelming for the average person, but Qubetics is rewriting the rules. Its non-custodial multi-chain wallet seamlessly integrates with Apple Pay and Google Pay, making crypto payments as intuitive as using a debit card. Imagine a small business owner who wants to accept crypto but fears market volatility. Qubetics has their back with its smart contract conversion mechanism , which automatically converts crypto into fiat at the point of sale. It’s secure, hassle-free, and ideal for entrepreneurs exploring digital payments. Freelancers will also find value in Qubetics, as it allows them to accept crypto payments and spend them instantly without complicated manual conversions. And for casual crypto users, the wallet’s easy-to-navigate interface and multi-chain support are game-changers. In its 13th presale stage, Qubetics has attracted 10,900 holders, with tokens priced at $0.0342 each. Prices are set to rise by 10% in the next stage, making this the perfect time to get involved. If you’re scouting for the best cryptos to buy in December 2024, Qubetics offers both innovation and investment potential. Ethereum: Leading in Developer Activity Ethereum (ETH) is no stranger to crypto enthusiasts, but December has been particularly noteworthy. The network has recorded over 350,000 smart contract deployments, a testament to its status as the go-to blockchain for decentralized applications (dApps). From DeFi projects to NFTs, Ethereum’s ecosystem continues to thrive. Ethereum’s scalability and staking upgrades are also drawing more investors. With staking rewards reaching an average annual yield of 5-6%, ETH is proving to be a lucrative option for those looking to earn passive income while holding their assets. As blockchain technology becomes more mainstream, Ethereum’s role as a foundational layer will only grow stronger. For investors eyeing long-term potential, Ethereum is undoubtedly one of the best cryptos to buy in December 2024. Stellar: Transforming Cross-Border Payments Stellar (XLM) is revolutionizing global financial transactions with its bulk payment platform. This innovation enables businesses and institutions to execute thousands of payments in seconds, making Stellar a favorite for cross-border remittances. With partnerships like MoneyGram, Stellar has facilitated billions of dollars in transactions, cementing its role in financial technology. Market projections for Stellar are promising, with analysts predicting a steady rise in XLM’s value over the coming years. As blockchain adoption grows in the financial sector, Stellar’s innovative solutions position it as a leader in global payments. For those seeking reliability and innovation in their investments, Stellar is a clear choice among the best cryptos to buy in December 2024. Wrapping It Up Qubetics is redefining crypto usability with its user-friendly wallet, Ethereum is driving blockchain innovation with its developer-friendly ecosystem, and Stellar is leading the charge in cross-border financial technology. Each of these projects offers unique strengths, making them indispensable in the crypto landscape. If you’re searching for the best cryptos to buy in December 2024 , Qubetics ($TICS), Ethereum (ETH), and Stellar (XLM) are excellent picks. Whether it’s usability, innovation, or scalability, these cryptos are setting the bar for success. Based on the latest research, we recommend Qubetics ($TICS), Ethereum (ETH), and Stellar (XLM). For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics The post Qubetics Hits $7.3M Milestone with 363M Tokens Sold as Ethereum Logs 350K Smart Contracts and Stellar Drives Billions in Payments appeared first on TheCoinrise.com . NullTx
SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD
The SEC accused Tai Mo Shan of misleading investors about Terra USD`s stability. Tai Mo Shan agreed to pay significant fines to compensate for unlawful earnings. Continue Reading: SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD The post SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD appeared first on COINTURK NEWS . NullTx
