Hi guys,
I come your way once again to present to you news from the crypto currency world.
This is the 5th edition and as such, I am glad to say that things are going on well with this initiative.
Let me remind users what the news in cryptocurrency will entail.
We will be looking at the prices of the dominating cryptocurrencies.
I will look to give advice on crypto currencies that people can invest in a short term to make profits.
I will also be looking at some of the dominating news that is surrounding the world of cryptocurrency.
Finally there will be some editions of the publication where I will look to hand out prizes to steemians who will get the correct answer to questions I will ask in some of the publications.
For the first news of the day
Australia to list first BTC-ETF
In reports, it has been stated that Australia is about to list its first BTC-ETF by next week. An ETF is not like the normal cryptocurrency exchanges we know rather they are a more traditional way of trading.
It is also speculated that as soon as the Etf is launched a 1 billion dollars capital will be put into the project. What will be done is that on Wednesday customers will be sent messages via email. Trading is expected to begin by the 27th of this month.
United Arab Emirates(UAE) has announced that it plans to enter into the metaverse.
The popular airline company has announced that it plans to enter into the metaverse space. Its main aim is to enter the NFT space.
The airline announced its move after the kingdom announced that it has legalized crypto currency.
In an announcement on its official Twitter and other official pages they announced that they will be debuting its first nft and metaverse projects in the coming months.
UAE has always expressed that they are a custodian of new technologies and they are always open to new ideas and technologies. So this comes as no surprise as they are entering into the space.
FBI has confirmed from multiple sources that North Korean Hackers are responsible for the ronin network theft.
Last month a hacker was able to pass the security of the ronin network and stole assets worth 625 dollars.
After a month-long investigation, it has been concluded that the hack was perpetrated by a North Korean hacker. This findings has been reported by the FBI. It was stated that the hackers used hacked private keys to forge withdrawals. The hack happened on the 23rd of March but the breach was not discovered until some days. This was because a user tried to withdraw about 5000 in eth but was unable to.
UST (Terras Stablecoin) becomes the third-largest stable coin.
Before tera Lunas Ust became the third-largest stable coin, binances BUSD occupied that position with the coin having the 3rd largest market cap.
This happens as we have seen that over the last week luna is making huge gains as more money Is being invested into it. It is reported that it has over 17 billion dollars in the market.
In market cap, Tether is the leading stable coin with 82 billion dollars with USD coin following with an amount of 49 billion dollars.
Prices of the top cryptocurrencies
For the past 24 hours, we have seen a dip in the prices of coins as the price of BTC continues to fall. Let us look at the prices of the top 10 cryptos according to coin market cap rankings.
| Bitcoin(BTC) | $41,461.54 |
|---|---|
| Ethereum | $3,117.04 |
| Binance coin | $420.24 |
| Ripple | $0.7747 |
| Solana | $106.49 |
| Terra Luna | $94.06 |
| Cardano | $0.9473 |
| Avalanche | $80.30 |
| Dogecoin | $0.143 |
| Polkadot | $18.65 |
The price of steem as at the time of writing this post is $0.3483
Note- I've skipped some of the coins in the top 10 as they are stable coins
Now the top coin to Invest in for me
The Sandbox.
coinmarketcap.com
The sandbox is one of the gaming projects and is bullish on this project. When you check the token in the last 24 hours it has risen about 13%. From a 2.6 dollar value to a 2.96 value
Earlier today the price of the sandbox was 3.4 dollars but now it seems to be taking a fall.
I've added some indicators to help in our analysis. For beginners, I've added the parabolic SAR, 200 EMA, and the median indicator.
trading view.com
The EMA indicator is to be below the candlesticks which depict a bullish market.
For a short while, the median indicator has turned to red depicting a bearish market. The parabolic sar's dots are also seen to be above the candlestick, further depicting a short bullish cycle.
I've added 3 indicators for the sake of second opinions in our readings. As the market us volatile we need so much confirmation before we execute our trades which is why we have added up to 3 indicators. Even after making my technical analysis I will still use sentimental analysis and go for the buy order.
As usual this trading advice is for scalpers and day traders.
The sandbox is a promising project but for now, long term traders shouldn't enter the market.
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