Cardano (ADA) may rally by nearly 30% in the coming days as it forms a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. This means triple bottoms indicate sellers’ inability to break below a specific support level on three back-to-back attempts, which ultimately paves the way for buyers to take over. In a perfect scenario, the return of buyers to the market allows the instrument to retrace sharply toward a higher level, called the “neckline,” that connects the highs of the previous two rebounds. The move follows up with another breakout, this time taking the price higher by as much as the distance between the pattern’s bottom...
Ethereum’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase). Ethereum addresses with balances less than or equal to 0.01. Source: Glassnode Meanwhile, the number of Ethereum wallets with balances of at least 0.1 ETH also kept climbing despite Ether’s correction from $4,867 to $3,575, eventually hitting a new all-time high of 6.37 million...
Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators. ETH price rising wedge First, Ether appears to have been breaking out of “rising wedge,” a bearish reversal pattern that emerges when the price trends upward inside a range defined by two ascending — but converging — trendlines. Simply put, as the Ether price nears the Wedge’s apex point, it risks breaking below the pattern’s lower trendline, a move that many technical chartists see as a cue for more losses ahead. In doing so, t...
Don Diablo‘s latest groundbreaking NFT venture comes with a spaceship-like physical structure, the largest to ever be attached to a tokenized collectible sale. The NFT, dubbed “HΞXHIBIT III,” was recently sold to a museum collection that houses original works by the likes of Andy Warhol, Keith Haring, Jean-Michel Basquiat and Banksy. Auctioned off by Sotheby’s for $1.2 million, the project marks a milestone for Diablo and further legitimizes the digital art world in which the EDM producer is an unquestioned pioneer. Don Diablo’s “HΞXHIBIT III” physical NFT. c/o Press Also making history is the scale of “HΞXHIBIT III,” which comes paired with one of the largest physical art pieces to ever be attached to an NFT. ...
One of Ethereum’s original co-founders is working on a collaborative album with dance music legend Paul Oakenfold. Charles Hoskinson, a prominent figure in Ethereum’s history and founder of Cardano, is now working closely alongside Oakenfold to bring a full length album to the blockchain. According to BlockTribune, every element of the album, including the cover art, tracks, and sleeve notes, will live on the Cardano blockchain. The LP hasn’t yet been given a release date, but it has been endowed with an intriguing title: Zombie Lobster. The meeting of these respective titans from the worlds of technology and entertainment feels like the making of a watershed moment for electronic music. Reflecting on his participation in developing the album, Ho...
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KnownOrigin, a metaverse-based NFT marketplace where creators can showcase and sell digital art, is powering the first virtual reality music and arts festival based on the Ethereum network. The festival is fittingly called To The Moon and electronic music artists Autograf, Fred Thurst, Ookay, Win and Woo, and SNBRN will be doing the honors of performing at the meteoric, first-of-its-kind event. The venue for the event will be the KnownOrigin Gallery, the project’s digital HQ located within Decentraland. Decentraland’s 3D digital landscape allows players to navigate and socialize with others by way of a virtual avatar, allowing for a totally immersive experience. Decentraland of course supports entry into the metaverse through the use of a virtual reality headset, but it ca...
Global EDM superstar David Guetta is reportedly selling his multimillion-dollar Miami condominium—and for 38 Bitcoin, it can be yours. View from the bedroom of David Guetta’s $14 million Miami condo, which is available to purchase using cryptocurrency like Bitcoin and Ethereum. Freud Group According to a report published by Mansion Global, Guetta paid $9.5 million for the 2,521-square foot, three-bathroom condo in 2018 and has now listed it with the help of Miami-based broker Freud Group at a price of $14 million. That sum can be paid in cash or cryptocurrencies like Ethereum or Bitcoin, according to Freud Group’s property listing. Guetta’s property comes with comes with access to the amenities of the Setai Hotel, including three oceanfront swimming pools, ...