Bitcoin and Ethereum at the Center of Discussions 

Investors emphasized Bitcoin’s scarcity and its role as a digital money network. BTC price drew attention by breaking a strong resistance level between $16,500–$16,900. Technical indicators suggest potential breakout above the 100 and 200-day moving averages. According to Santiment, investors also discussed Bitcoin’s value-creating aspects beyond store of value, self-custody, and running nodes. The term “btc” frequently appeared in discussions about liquidity and flash crypto offerings. Related words: money, value, adoption, hedge, gold, store of value. 

For Ethereum, investors discussed multi-wallet support and easy transfers using the term “eth.” The “Shanghai” upgrade, staking, and decreasing supply (deflation) boosted ETH price. Whale and large player movements strengthened market sentiment. Santiment also highlighted Ethereum’s central role in the crypto-finance ecosystem through flash tokens and investment opportunities. Related words: move, disinflation, trading, future, value. 

MicroStrategy, Tether, and Stablecoin Updates 

Dogecoin trended on social media with news of the first U.S. Dogecoin ETF and Thumzup’s purchase of 3,500 devices. Additionally, the first Dogecoin satellite launched via SpaceX Falcon 9 attracted attention. These developments increased community support and institutional interest, bringing DOGE to the forefront on social media. The price remains around $0.21 with modest growth expected. Related words: week, trading, Elon Musk, exchange, Falcon. 

MicroStrategy shares drew investor attention with Bitcoin reserves and potential S&P 500 inclusion. Comparisons with ETFs were highlighted. Discussions focused on the company’s low-performing technical support level and strategic position. Santiment also emphasized MSTR’s volatility and relationship with institutional investors. Related words: Bitcoin, buying, holdings, MSTR, coin. 

Tether increased its gold holdings to over $8.7 billion. Investments span gold mining, refining, trading, and royalties. The CEO referred to gold as “natural bitcoin.” Santiment also noted new token listings on platforms like BitMart, enhancing Tether’s market influence. Large USDT transfers from exchanges to private wallets may signal future price movements. Related words: BTC, gold, fund, trade. 

BUSD faced pressure due to SEC unregistered securities claims and CEO statements. De-pegging and supply concerns negatively affected BUSD social media trends. Related words: supply, wrong, token, custody. 

MultiversX became a discussion topic due to increased token supply and declining use cases. Some projects are migrating to alternative chains like SUI. Santiment highlighted xPortal and xMoney infrastructure initiatives generating community optimism, and potential buyback mechanisms could support the price. 

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The post Santiment: Most Talked About Cryptos and Trends of the Week! appeared first on Coin Engineer.

Bitcoin Daily Key Levels

BTC/USDT has gained 0.18% in the last 24 hours and is currently trading at $104,383. Bitcoin recently rebounded from the $101,000 support level, as previously indicated in analyses, and hit a new all-time high. If the uptrend continues, the resistance level stands at $105,766, while the support levels are at $103,668 and $101,000.

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Ethereum (ETH): The ETH/USDT pair has risen by 1.95% in the last 24 hours and is trading at $3,943. Key resistance levels for Ethereum are at $3,988 and $4,025, while the support levels are at $3,942 and $3,886.

MultiversX (EGLD): EGLD/USDT has dropped 5.54% in the last 24 hours and is trading at $44.5. Resistance levels are at $48 and $49.3, with support zones at $44.3 and, in case of deeper declines, $40.

Fantom (FTM): The FTM/USDT pair surged 9.49% in the last 24 hours and is trading at $1.36. Resistance levels are $1.46 and $1.60, while support levels are at $1.39 and $1.34 for lower zones.

Pyth Network (PYTH): PYTH/USDT gained 6.58% in the last 24 hours and is currently trading at $0.465. Resistance levels for PYTH are $0.475 and $0.50, while support lies at $0.45 and $0.433 if declines deepen.

Trending Coins

In the past 24 hours, the top trending coins include Hyperliquid (HYPE), Ondo (ONDO), and Virtuals Protocol (VIRTUAL). Among the top gainers are Moca Coin (MOCA), Fartcoin (FARTCOIN), and Virtuals Protocol (VIRTUAL). On the other hand, Metars Genesis (MRS), Galxe (GAL), and DeXe (DEXE) lead the losers’ list.

Bitcoin Liquidation Map

A look at Bitcoin’s 12-hour liquidation map reveals notable levels:

• Upper-side liquidation: $44.5 million at $107,292.
• Lower-side liquidation: $58.5 million at $104,106.

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The post The Latest on Bitcoin and Cryptocurrencies: December 16 appeared first on Coin Engineer.

Bitcoin Intraday Key Levels

The BTC/USDT pair has lost 0.37% in value over the last 24 hours and is currently trading at $72,445. If the decline deepens, Bitcoin (BTC) may drop to a lower support level around the $70,200 region. On the other hand, if we see a significant breakout above the $72,600 resistance, we can expect the price to rapidly reach a new all-time high.

Ethereum (ETH): The ETH/USDT pair has gained 2.26% in value over the last 24 hours and is currently trading at $2,673. The resistance levels for ETH are first at $2,690, and then at $2,745. The support levels are at $2,640 and $2,540.

Ethereum Name Service (ENS): The ENS/USDT pair has gained 9.57% in value over the last 24 hours and is currently trading at $18.49. The resistance levels for ENS are $19 and then $20. The support levels are at $17.60, with a deeper decline potentially reaching the $16 support level.

dYdX (DYDX): The DYDX/USDT pair has gained 0.54% in value over the last 24 hours and is currently trading at $1.05. The resistance levels for DYDX are $1.06 and then the $1.21 region. The support levels are at $1.03, with a deeper decline potentially reaching the $0.91 support level.

MultiversX (EGLD): The EGLD/USDT pair has lost 0.14% in value over the last 24 hours and is currently trading at $25.05. The resistance levels for EGLD are $26 and then the $28 region. The support levels are at $24.50, with a deeper decline potentially reaching the $23 support level.

Trending Coins

In the last 24 hours, the trending coins in the cryptocurrency market include Grass (GRASS), Phil (PHIL), and Sui (SUI). Among the top gainers are Mask Network (MASK), Chex Token (CHEX), and Michi ($MICHI). On the list of the biggest losers in the market, we find Nosana (NOS), Virtuals Protocol (VIRTUAL), and Non-Playable Coin (NPC).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the prominent liquidation level at the top is $73,232, with a total of $52 million. On the lower side, the $71,806 level is also notable, with $52 million in liquidations.

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The post Bitcoin and Cryptocurrency Latest Update – October 30 appeared first on Coin Engineer.

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Bitcoin has twice pulled back from the $50,400 level and is currently still consolidating in the $50,000 price band. Bitcoin is at a critical level right now. The price could go from here to $52,000 or we could see a pullback. So it’s a good idea to watch the price action calmly for a while.

Bitcoin and Cryptocurrencies! – February 13

Bitcoin (BTC): The BTC/USDT pair has gained 0.33% in the last 24 hours and is trading at $50,110. The resistance levels for BTC are $50,400 first, then $52,000. The support levels are $46,500 and below that $45,500.

Ethereum (ETH): The ETH/USDT pair has lost 0.35% in the last 24 hours and is trading at $2,651. The first resistance level for ETH is $2,600, followed by $2,700. The support levels are $2,450 first, then $2,400.

Jito (JTO): The JTO/USDT pair has gained 3.72% in the last 24 hours and is trading at $2.14. The first resistance level for JTO is $2.31, followed by $2.69. The support levels are $1.95 first, then $1.83.

MultiversX (EGLD): The EGLD/USDT pair has gained 3.50% in the last 24 hours and is trading at $59.95. The first resistance level for EGLD is $60.10, followed by $64.82. The support levels are $55.65 first, then $51.52.

Solana (SOL): The SOL/USDT pair has gained 2.09% in the last 24 hours and is trading at $114.08. The first resistance level for SOL is $114.65, followed by $123.13. The support levels are $104.82 first, then $100.76.

The post Bitcoin and Cryptocurrencies Update! – February 13 appeared first on Coin Engineer.

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Binance announced that it will temporarily suspend the deposit and withdrawal of MultiversX (EGLD) tokens prior to the update, which will commence on February 13, 2024, at 18:05 local time. The update is expected to be completed around 19:05 the same day.

During this process, MultiversX (EGLD) token trading activities will not be interrupted and will continue smoothly during the update.

Once the update process is successfully completed and the network becomes stable, the token deposit and withdrawal operations will be immediately activated and users can return to their normal trading activities.

What is MultiversX (EGLD) Coin?

The post Binance Supports for This Altcoin’s Network Upgrade! appeared first on Coin Engineer.

The Team and the Power Behind It

Behind MultiversX is a team with a deep vision for blockchain technology. The project, based in Romania, has a large team with offices in many different countries. Elrond, with offices in countries like Switzerland, Singapore, and India, stands out with its technical expertise and experience in blockchain.

The Investors and Partners of MultiversX

Among the investors in MultiversX are well-known names and corporate partnerships. The project’s strength and potential are supported by leading investment funds and blockchain technology companies.

Project Concept and Operation

MultiversX is a blockchain platform that offers low-cost and fast transactions. While EGLD Coin is used for these transactions, it offers incentives to token holders on the network. Participants receive economic incentives based on their performance and contributions to the network.

Road Map and Ecosystem

The MultiversX roadmap focuses on continually increasing the network’s scalability and performance. Additionally, the project has a wide ecosystem that includes different applications and collaborations.

EGLD has shown a rise of approximately 130% since last October. It is currently trading at a level of $44.

EGLD Market Data

• Circulating supply: 26,258,626 EGLD
• Total supply: 26,263,778 EGLD
• Maximum supply: 31,415,926 EGLD

Where to Buy MultiversX (EGLD)?

EGLD Coin is traded on many exchanges such as Binance, OKX, Bybit, MEXC, Kucoin. Also, you can access the reference links by clicking HERE to sign up discounted for exchanges.

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The participation of Google Cloud in the MultiversX network will offer advantages to Web3 ecosystem creators in bringing high performance and scalability to the non-blockchain components of their dApps.

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Web3 EMEA President Daniel Rood stated, “There are exciting opportunities to offer Web3 developers faster construction and scaling capabilities. Our partnership with MultiversX will allow us to expand our strategy and strengthen our innovation leadership in the blockchain world.”

With this collaboration, MultiversX also offers new scalable features for the metaverse– focused xPortal SuperApp. The updated features allow users to easily transact between fiat and cryptocurrencies. By 2024, xPortal users will also be able to access European IBANs, SEPA and SWIFT for peer-to-peer fiat payments.

Additionally, the xWorlds Developer Kit was introduced for content creators with the use of xPortal as a wallet and distribution center. This kit offers unique tools to content creators such as highly realistic artificial intelligence-supported 3D avatars.

The collaboration between Google Cloud and MultiversX emerges as a significant step towards strong leadership in the Web3 world.

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