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Join Our Telegram channel to stay up to date on breaking news coverage Defi Coin Price Forecast: DEFCUSD is Recovering (November 1) There is a possibility that DEFCUSD might finish the bearish movement and start reversing soon. This will be attained, if there is an interruption by buyers, the bullish correction pattern may increase the coin price to retest the $0. 08257 previous high which might possibly hit the $0.4000 supply trend line. Key Levels: Resistance Levels: $0.08500, $0.08600, $0.08700 Support Levels: $0.07800, $0.07700, $0.07600 DEFCUSD Long-term Trend: Bullish (4H Chart) Defi Coin price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook. The coin price finds support at the $0.08031 value above the EMA-50 but below the EMA-9 as the 4-hourly session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price acti...

Bitcoin Holds above $20.4K as It Tries Once More to Cross the $21K Barrier – October 31, 2022 BTC/USD is holding above $20,400 as it tries once more to cross the $21K barrier. The price movement has been stable with the appearance of a small body indecisive candlestick called Doji. Bitcoin is confined between the moving average lines. This explains a possible range-bound move for a few days. Bitcoin Price Statistics Data: •Bitcoin price now – $20,509.87 •Bitcoin market cap – $393,667,721,280 •Bitcoin circulating supply – 19,194,950.00 BTC •Bitcoin total supply – $429,958,739,471 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Bitcoin’s (BTC) price is consolidating above the $20,400 support and below the $21,000 resistance zone. On October 26 and 29, buyers were unable to keep the price above the $21,000 high. Each time the resistance zon...

During the European session, Bitcoin price is trading choppy near $20,350, struggling below the 61.8% Fibonacci retracement level of $21,000. The buyer-seller tug of war continues ahead of the FOMC and Fed Fund rate decision on November 2. As a result, it keeps volatility in check. Fed Rate Hike On The Way  The US inflation is still running at its strongest pace in nearly 40 years, so the Federal Reserve is expected to hike interest rates for the sixth straight week this week. Since March, the Federal Reserve has raised its benchmark short-term rate a total of 3 percentage points, with the most recent rise being 0.75 percentage points. As the debate over when to turn to smaller interest rate hikes to prevent plunging the world's largest economy into a tailspin heats up, central bankers in the United States are poised to keep their inflation war in high gear this week. The Federal Reserve's preferred measure of inflation is currently running at more than th...

Approximately 14 years ago today, on Halloween, Satoshi Nakamoto introduced Bitcoin to the world by sharing the renowned white paper. Satoshi’s invention, shared on metzdowd.com’s Cryptography Mailing List, not only solved a problem that had plagued computer scientists for years, but the invention also redefined how people look at money. Furthermore, as a side effect, Satoshi’s creation spawned a new digital economy with more than 13,000 cryptocurrency assets, worth just over $1 trillion today. Celebrating the 14th Anniversary of Satoshi’s Bitcoin White Paper Presently, cryptocurrency and Bitcoin supporters are celebrating the 14th anniversary of Satoshi Nakamoto’s Bitcoin white paper. Bitcoin’s mysterious creator first introduced the white paper on metzdowd.com’s Cryptography Mailing List on Oct. 31, 2008, at approximately 2:10 p.m. (ET). The date marks the first time Satoshi shared the inventor’s vision and the first sentence B...

Join Our Telegram channel to stay up to date on breaking news coverage After Elon Musk completed his Twitter purchase, Shiba Inu made a bold uptrend last week following a meme coin trading frenzy. SHIB is still up by 26% over the past week, while during the past 24 hours, it has gained by 3.6% to trade at $0.00001280 at the time of writing. Shiba Inu price analysis Shiba Inu is bullish today after the slight gains recorded over the past 24 hours. The meme coin currently ranks as the 14 th largest cryptocurrency, with a market cap of $7.37 billion. The meme coin’s trading volumes have dropped by over 60% in the last 24 hours to around $913 million. SHIB is showing low volatility, having traded between $0.00001172 and $0.00001285 over the past day. If the current gains can be sustained, we could see SHIB replicating last week’s rally, and the meme coin could head to $0.000-14 in the short term. As the second-largest meme coin continues to rally, the Relative Stre...

Join Our Telegram channel to stay up to date on breaking news coverage Since MANA’s all -time high of $5.91 in May of 2021, it has been steadily declining inside a parallel downward trend line. In May of 2022.2, the price of MANA fell below $0.62 before recovering, creating a long lower wick. These wicks are seen as a sign of strong buyer interest. At the time, this was seen as a highly good development since it stopped a potential breach and confirmed the $.75 support area and the channel’s support line . More on Decentraland The Argentine team of Ariel Meilich, Esteban Ordano and CEO James Ashton created the rapidly expanding virtual environment Decentraland in 2016. Six prominent users have contributed $25.5 million to Decentraland’s financing round. The framework of Decentraland was built with great care and minimalism on the part of the game’s creators. There are already new initiatives and collaborations in the cryptocurrency market under way t...

Join Our Telegram channel to stay up to date on breaking news coverage Game of Silks, a P2E game designed around the concept of thoroughbred horse racing in the metaverse, has listed its last batch of NFT on the OpenSea marketplace. For users who want to enter their metaverse and win exciting rewards and prices, owning their Silks Avatar NFTs is needed, which, however, are selling out quickly. Game of Silks metaverse allows players to own racehorses and horse farms and get rewarded by investing in its ecosystem through USDT and ETH. This Ethereum-based gaming platform incorporates a real-world betting system in the metaverse, using technologies such as NFTs. Its ecosystem involves horses, lands, stables, and racing silk s in the form of NFTs, all of which have different use cases that optimize the in -game risks and reward systems. It has a derivative gaming ecosystem that bridges real-world thoroughbred horse racing games with the virtual world . In other words, even though...

Little over a year ago, on the 28th of October, 2021, social media giant, Facebook, rebranded itself into Meta. The announcement was made at the Facebook Connect conference. The rebranding reflected the company’s attempt at growing beyond social media, delving into web3. Regardless of the fall in Meta stock prices, the firm has sure been busy in the year since the rebrand. What Meta achieved Meta’s ambitions are high. And the same reflects in the projects that the company has undertaken. In December 2021, the company unveiled its virtual reality social networking project called Horizon Worlds. Additionally, it made more cryptocurrency ads on Facebook possible. Fast forward to April 2022, there were reports about the company designing a digital currency to be used within the metaverse. However, there is no official update on this matter. The company submitted five trademark applications in May for Meta Pay, a platform for processing payments that supports crypto...

Join Our Telegram channel to stay up to date on breaking news coverage SOL/USD price activity has moved up significantly, breaking some notable resistance. Yet price action still looks poised for more upward gyration . At the same time, the SOL/BTC market as well is showing more upside promises. Therefore, this price prediction will further look into this market, to get more useful information. SOL Analysis Statistics Data: SOL value now: $32.58 Solana market cap: $11.61 billion SOL moving supply: 358.77 million The Total supply of Solana: 511.62 million SOL Coinmarketcap ranking: #10 Major Price Levels: Top Levels: $32.58, $34.50, $36.00 Base Levels: $31.00, $30.00, $28.00 Solana Price Prediction Today, October 31, 2022: SOL/USD Advances Higher The SOL/USD price action has broken the 78.60 Fibonacci level to the upside. However, it looks like some selling has started in this market, and this has pulled down price action a bit. Even at that, price activity is sti...

During the Asian session, the Bitcoin price is trading near $20,480, struggling below the 61.8% Fibonacci retracement level of $21,000. Similarly, Ethereum has plunged over 2% to $1,579. Early on October 31, major cryptocurrencies were trading in the red. However, the global crypto market cap is still above $1 trillion, with a trading volume of $72 billion, down from $91 billion. This week, investors' major focus will stay on the US Federal Reserve  monetary policy , which is coming out on November 3.  Top Altcoin Gainers and Losers The top performers in the last 24 hours were Chiliz (CHZ), Algorand (ALGO), and The Sandbox (SAND). The price of CHZ has increased by more than 15% to $0.2298, while the price of The Sandbox (SAND) has increased by nearly 10% to $0.89. At the same time, ALGO has increased by more than 7% to $0.36. Top Altcoin Gainers and Losers - Source: Coin360  Shiba Inu (SHIB) fell more than 7% this we...