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Dogecoin. Source: Adobe Dogecoin (DOGE), the cryptocurrency that powers the dog meme-inspired Dogecoin crypto payments blockchain, cratered on Thursday and price predictions have subsequently worsened. Having broken out of an uptrend that started in late-December 2022 earlier this week, things went from bad to worse for the internet’s favorite meme coin on Thursday amid a broad crypto sell-off triggered by a mix of Fed tightening fear induced downside and concerns about the SEC’s crackdown on US-based crypto staking services. DOGE/USD has stabilized just above its 50-Day Simple Moving Average (SMA) near the $0.08 level on Friday, down more than 10% on the week and close to 18% versus last Saturday’s highs at $0.10. The bears hit their short-term target of a test of the resistance-turned-support $0.079 level, meaning that some stabilization in the Dogecoin market is now likely, for a few days at least. Price Prediction – Where Next for Dogecoin...

Source: TradingView The terra luna classic price has dropped by 4.5% in the past 24 hours, amid a day of losses for the cryptocurrency market as a whole. At $0.00017485, it has gained by 2% in a week and by 3% in the last 30 days, held back from further gains by delays to LUNC burning and in-fighting within the Terra Luna Classic community. However, with 24-hour trading volume remaining at around $100 million, there's enough liquidity in the LUNC market right now to cause additional significant movements in the coming days. Terra Luna Classic Price Prediction as $100 Million Trading Volume Comes In – Are Whales Buying? LUNC's indicators suggest that it's currently witnessing a little selloff that may continue for the next couple of days. Its 30-day moving average (red) is about to fall below its 200-day (blue), something which may signal further losses. Source: TradingView At the same time, its relative strength index (purple) has risen up to 35 after sl...

Bitcoin's recent uptrend has sparked discussions among investors and traders about the future of the world's largest cryptocurrency by market capitalization. After recording a 5-day streak of negative closes, Bitcoin rebounded with a 2.14% increase in value yesterday. This surge in price is largely due to favorable macroeconomic conditions. In this investment climate, what are the best cryptos to buy today? Federal Reserve Chair Jerome Powell's recent statement about the ongoing process of reducing inflation has further fueled the optimism surrounding risk assets like Bitcoin. In a question and answer session at the Economic Club of Washington, D.C. , Powell stated that although the process has started, we still have a long way to go, and inflation may not reach the target 2% until 2024. This has led many to believe that 2023 could mark the start of a potential shift in the cryptocurrency market's bearish trend. The crypto market is currently in a st...

Shiba Inu has seen a sensational weekend following a protracted battle to breakout. A huge 11% candle-wick saw SHIB price hammer up. Re-igniting what many had began to fear was a stalling rally. 2023 has now seen Shiba Inu climb 97% in just one month, with the 200 Day MA as steadfast iron support. The veracity for volatility showcased by the seismic Bollinger band movements. This breakout has produced the widest signature since November - this isn't an ordinary move. With an intra-day high of $0.00001576, price is currently trading at $0.00001442. This follows a minor rejection from the first key area of resistance at $0.000015. TradingView/SHIBUSDT But how far can SHIB rally go? Last week, when I predicted this move - I identified a likely rally 'top zone' - where chart structure may see fatigue. On October 29 2022 (our most recent historic rally) SHIB saw a top at $0.000015. Before that, on August 14 2022 SHIB posted an impressive rally to $0.000018. $...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Ever scale , a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry. Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment will be in stages, based on the progress and cooperation indicators. Ever scale has been diligently working on expanding its reach and integrating its technology solutions in Asian countries over the past two years, while also building a strong community. Its dynamic sharding technology enables it to efficiently adapt to varyi...

Image Source: Shutterstock New York-based crypto currency exchange Gemini is letting go of 10% of its workforce amid the ongoing bear market that has seen around $2 trillion wiped out of the crypto market.  This marks the third round of layoffs at the crypto exchange in the past eight months, the Information reported on Monday, citing an internal message from Gemini co-founder and CEO Cameron Winklevoss. He reportedly said: “It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us with no other choice but to revise our outlook and further reduce headcount.” Data by PitchBook shows that Gemini had 1,000 employees as of November 2022, implying around 100 people lost their jobs. TechCrunch reported that Gemini had previously trimmed its headcount by 7% in July 2022, following a 10% staff a month earli...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Upcoming crypto gaming project Meta Masters Guild had another strong day of investment as more than $65k was raised in the last 24 hours. The MEMAG token presale now stands at around $735k at the time of writing, just over a week since it was launched and is our top pick for the next crypto to explode. Buyers are rushing in to secure tokens because the price will increase through seven presale stages - with the seventh and final stage costing 130% more than today's price. Furthermore, there are now just nine days remaining before the presale moves from stage 2 into stage 3, which will trigger a 30% increase from $0.010 to $0.013. Visit MEMAG Presale Now Investors Excited by Mobile Gaming Platform As well as its high-potential crypto presale, Meta Masters Guild is also building the world's first dedicated Web3 mobil...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Buyers continue to rush into the Meta Masters Guild presale with more than $100,000 invested in the last 24 hours - taking the total to $670,000. Purchases are continuing at a rapid pace with buyers keen to secure MEMAG tokens in the earliest stages, with each new presale round bringing an increase in price. There are now just 10 days remaining before the presale moves into stage 3 and triggers a price increase of 30% from $0.010 to $0.013. By the seventh and final round, MEMAG tokens will cost $0.023, a 130% increase from today’s price and 228% more than the price in stage 1 ($0.07). Investors are not just attracted to Meta Masters Guild (MMG) because of MEMAG, however, but because the high potential of the mobile gaming project. Visit MEMAG Presale Now World's First Dedicated Web3 Mobile Gaming Platform MMG is curre...

Dogecoin price continues to outperform its peers as it inches closer to obliterating one zero. In just 14 days, DOGE’s value has grown by 22.2% to trade at $0.088 at the time of writing. The largest meme coin will probably close the week above $0.1 as the bulls eye a return to $0.1586. Meme coins have generally gained traction since the New Year, with their total market capitalization growing to $19 billion. Dogecoin accounts for the largest chunk of the meme coins’ market share at $11.8 billion. Shiba Inu, which surged by 15.4% in 24 hours, is the second-largest dog-themed token with $7.1 billion in market cap. Other best-performing meme coins include Dogelon Mars up 15.7% in seven days, FLOKI up 27%, Kishu Inu up 28.2%, Shiba Predator, up 20% and Hoge Finance, up 31% in the same period. It is worth mentioning BONK, which despite being a new token, has gained a huge following for being the first Solana blockchain meme coin. Needless to say, Tamadoge (TAM...

STEPN's bull run continues as the price of GMT tokens has just gone up 8% to $0.471 in the last 24 hours. This marks another significant milestone for the digital currency, which has seen its value increase exponentially in recent months.  With increasing investor confidence and a growing user base, it looks like GMT is set to continue its upward trajectory and become a major player in the cryptocurrency market. Most of the uptrend in GMT is driven by the optimization in the cryptocurrency market.  FTX: Crypto Giant Recovers Over $5 Billion in Assets An attorney for FTX, the collapsed cryptocurrency exchange, has reported that they were able to identify more than $5 billion worth of assets. On Wednesday, the US bankruptcy court was informed that the exact amount of losses suffered by customers is still uncertain. Sam Bankman-Fried, the former CEO of FTX, is facing accusations of masterminding a massive fraud, with potential losses for investors, customers, ...

The play to earn gaming space is one of the most significant in the entirety of the cryptocurrency industry, and has been exploding in popularity recently.  One of the main reasons for this is the fact that the play to earn sector has a wider appeal for retail users, who may not usually be so inclined to participate in the crypto industry thanks to the relatively high barrier to entry.  Calvaria is changing the play to earn space for the better  Calvaria is a project that is focused on making battle card games in Web3, and doing so in such a way that they are enjoyable as possible. As a multi-chain project, those who are using the Calvaria ecosystem can rely on the benefits of various chains. This means that many gamers won't even realise that they are using blockchains thanks to the seamless nature of the game.  Users are able to make use of the security of the Ethereum blockchain, whilst also taking advantage of the speed and low fees of the Pol...

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. New York, United States, 10th January, 2023, Chainwire The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens. The Web3 space is growing rapidly and new startup s are emerging daily, with investment into Web3 projects skyrocketing to $30 billion in 2021 and around $36 billion in 2022. While many Web3 founders have great ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Founded in 2013, Cointelegraph has grown to become a world leader in the digital assets, metaverse and emerging technologies media space, with over 20 million readers worldwide.  The company is now looking to help other rising stars reach their full poten...