Crypto Push

2023-01-20 22:00:06 Unlock your crypto’s full potential
Spend crypto directly from wallet with no conversion.

Special conditions for Whitelist members only:

 Free order, Free delivery, Free from hidden fees.
 Crypto card connected to WEB3 with WalletConnect.
 More than 800 crypto’s supported at the start.
 Up to 4% cashback & Higher limits to cover all your needs.
 Instant payments with Apple or Google or Samsung Pay.
 Enjoy with higher staking rewards 6% per whole period.
 Exclusive access to special Lotteries on Discord.
 Early access to the token public sale.
 Airdrop & Partnership program’s bonuses.
 Early access to ecosystem upcoming products.

 Be the first to join the CryptoWallet Card Whitelist

Join our community NOW
https://discord.gg/cryptowallet Open / Comment

2023-01-20 21:30:00 ​BNB can witness increase in selling pressure, thanks to these factors

Binance Coin’s [BNB] performance of late has been in the buyers’ favor, like most of the other cryptos. However, Santiment’s data revealed that BNB was overvalued as per its MVRV Z-Score. The metric identifies overvalued and undervalued assets based on short and long-term returns.

Besides, according to CryptoQuant, BNB’s Relative Strength Index (RSI) was in an overbought position. The RSI, when coupled with BNB’s MVRV Z-Score, suggested that it was likely that we would witness an increase in selling pressure, leading to a price plummet.

At the time of writing, BNB registered over 2% weekly gains and was trading at $290.88 with a market capitalization of more than $45.9 billion.

Here is the scenario
Apart from the aforementioned metrics, a few of the others also did not look quite optimistic for BNB. For instance, BNB’s daily active addresses registered a decline over the last week, which was a negative signal.

Moreover, BNB’s velocity also went down sharply. And, the token’s price volatility went up considerably. This further increased the chances of a price decline. Despite the possibility of a downtrend, BNB managed to remain popular in the market as its social volume was consistently up during the last few days.

Can BNB beat the odds?
BNB’s daily chart also gave a bearish notion, as most of the market indicators were supporting the sellers. The Money Flow Index (MFI) registered a downtick and was heading toward the neutral mark, which can cause price declines.

Though the Chaikin Money Flow (CMF) was above the neutral position, it also went down slightly, further increasing the chances of a downtrend in the coming days.

However, the Exponential Moving Average (EMA) Ribbon suggested that the bulls were leading the market as the 20-day EMA was above the 55-day EMA. Open / Comment

2023-01-17 19:00:06 ​Polkadot development surges, but revenue decline concerns investors, as…

Polkadot [DOT]‘s development activity soared over the past few months, Token Terminal reported on 16 January. This spike in activity could be attributed to the growing number of projects and developments within the Polkadot ecosystem.

Parachains such as Moonbeam Network and the Astar Network were just a few examples of projects that were showing signs of progress and improvements. These developments also attracted a significant number of developers to the ecosystem, further driving its growth.

More than meets the eye
Despite this growth in development activity, the revenue collected by Polkadot decreased from 21.76 million to 10.74 million between 9 – 15 January, according to Twitter account Polkadot Insider.

This decline in the number of transfers had a direct impact on the revenue generated by Polkadot, which fell by 36.4% in the last month. This declining revenue could be a cause for concern for investors.

Polkadot echoes the people
One reason for the declining revenue could be Polkadot’s decreasing activity on the social front. Based on data provided by LunarCrush, it was observed that the number of social mentions for Polkadot declined by 46.9%, while the number of social engagements decreased by 64.4% in the last three months. This could indicate a lack of interest or engagement from the community, which could have a direct impact on the platform’s growth and revenue.

Moreover, the sentiment towards Polkadot remained negative as well, according to Santiment. Thus, the crypto community’s outlook towards Polkadot remained negative, which could have a further impact on the platform’s improvement and adoption.

However, notwithstanding these factors, stakers on Polkadot’s network remained undeterred as they grew by 6.6% over the last 30 days. This could be due to the popularity of Polkadot’s nomination pools, which allowed users to stake even with just pne DOT.

This feature has made it more accessible for users to participate in the network and earn rewards, which could have contributed to the growth in stakers.

It remains to be seen how the Polkadot’s token DOT will respond to these developments. As its volatility declined by 47% over the last week, investors could use this opportunity to buy DOT at a relatively stable price. Open / Comment

2023-01-14 22:00:06 ​SOL can move sideways in the short term unless these players gain influence over…

Solana [SOL] broke above its recent trading range of $15.29 – $17.45. However, at press time, it was facing a hurdle at $24.45. It was trading at $23.65 and flickered red, indicating that bears were on site at the time of writing.

Bitcoin [BTC] also faced a short-term price rejection at $20,995 during the same period. Therefore, SOL could oscillate in a new trading range and attempt a retest at the $23.45 level.

SOL’s next short-term trading range
At press time, SOL’s Relative Strength Index (RSI) and Money Flow Index (MFI) were flat on the three-hour chart. It implies that buying pressure stagnated and could face a reversal if bears gained more influence.

At the same time, the RSI and MFI were in the overbought zone, indicating that the bullish momentum was still relatively strong at press time. Therefore, SOL could retest the $24.45 level and oscillate between $21.72 – $24.45 in the next few hours.

SOL bulls may only attempt a break above this range if BTC overcomes the $20,995 short-term resistance.

Alternatively, bears could push SOL below $21.72 if selling pressure intensifies. However, such a downtrend could find steady support on the 61.8% Fib level of $20.95 and invalidate the bullish bias described above.

SOL’s trading volume surged, but sentiment and development activity declined
According to Santiment, SOL’s development activity declined slightly after witnessing massive growth over the past few days. Similarly, its total weighted sentiment retreated from the positive side and was hanging below the neutral line, the negative side.

This showed that investors’ confidence in the asset dropped slightly after the decline in development activity.

However, SOL’s trading volume and prices surged alongside an increasing demand in the derivatives market, as evidenced by Binance Funding Rate moving into the positive zone.

These two positive metrics show a possible uptrend momentum, while a decline in development activity and sentiment could cancel out the momentum. Thus, BTC performance could offer a much more accurate direction for SOL’s next price action. Open / Comment

2023-01-11 23:41:00 ​All doesn’t seem well with MATIC despite Polygon’s latest accomplishment

Polygon [MATIC] recently reached a new milestone in terms of decentralized exchange (DEX) volume. It crossed $50 billion in DEX volume over the last 12 months, according to a tweet on 11 January.

However, despite reaching this watershed number, DEX volume on Polygon declined over the last few months, according to data from Dune Analytics. This decline in volume could be due to a variety of factors, such as increased competition from other platforms or a general decline in trading activity in the crypto market.

This decline in volume suggested that even though Polygon reached a new milestone, in terms of DEX volume, the growth of Polygon in this area decelerated.

Not all hope is lost for Polygon
The declining DEX activity, however, did not affect Polygon’s NFT market.

Polygon’s growing NFT marketplaces showed positivity, with a spike in NFT volume as reported by Dune Analytics data. One likely reason for this spike would be the recent launch of the Donald Trump NFT collection.

Furthermore, Polygon’s recent collaboration with social media giants such as Reddit and Instagram could also be factored in. These collaborations have helped bring more attention and exposure to the Polygon ecosystem.

Talking about MATIC
Moving on to the MATIC token – simply put, the network growth and velocity for the token declined, along with daily active addresses. The latter is evidence of fewer active users on the network.

This aforementioned decline impacted MATIC holders’ profitability as well, which was showcased by the MVRV ratio, which declined over the past month.

This suggested that most MATIC holders would lose money if they sold their holdings at press time. Moreover, the positive long/short difference implied a majority of long-term holders were experiencing losses at press time.

Despite these short-term setbacks, Polygon continued to push forward with its ongoing developments in zk-EVM, which aims to make it easier to build and deploy zk-rollup dApps on the platform. The platform’s focus on scalability and performance is expected to help attract more developers and users in the long run.

At press time, the price of the MATIC token was $0.859, but it grew by 1.41% in the last 24 hours, according to CoinMarketCap. Open / Comment

2023-01-08 20:30:00 ​SAND could see an extended rally unless these holders change course

The metaverse and NFT projects may experience renewed interest in 2023 and hence the need to look into their potential. One such project is The Sandbox which recently made a major development-related update.

But more importantly, its native token SAND kicked off this month on an optimistic note.

A recent WhaleStats alert revealed that SAND concluded the week by joining the list of top 10 most purchased tokens by ETH whales. This was observed in the last 24 hours at press time and it highlighted the existing demand that has propelled SAND in the last few days.

The surge in ETH whale demand is quite an interesting observation considering SAND’s latest performance. The token pulled off a 24% rally in the first week of January.

The demand from ETH whales increased the chances of SAND extending its bullish momentum into another week. But this prospect might be dampened by potential profit-taking as the price approaches profit-taking zones.

Playing in the SAND
SAND traded at $0.45 at press time and an extended upside may push SAND towards the $0.50 range. The latter could be taken as an important price zone for the token because it will come into contact with the 50-day Moving Average.

The price will also be within the 50% Relative Strength Index (RSI) level if not above. This retest is more likely to boost the likelihood of short-term profit-taking, and thus the possibility of a bearish retracement.

The buying pressure from ETH whales may boost investor sentiment and support an extended rally. In addition, The Sandbox recently announced its upcoming launch of a new metaverse game called Game Maker 0.8. This announcement may have also contributed to a favorable investor sentiment.

Can SAND sustain its bullish momentum?
SAND’s ability to continue rallying ultimately depends on whether it can garner enough demand. Its supply distribution metric reveals that most of the top address categories are still contributing to bullish pressure.

This observation supported the expectation of a continued bullish momentum.

There are other signs supporting the same outcome. For example, the supply held by top addresses recently registered a sizable uptick, confirming that whales have been buying. Also, The Sandbox kicked off January with a surge in development activity.

These observations may further strengthen investor sentiment in favor of the bulls. Nevertheless, investors should keep an eye out on the aforementioned take-profit zones. Open / Comment

2023-01-06 15:00:07 Join Cheelee, grab CHEEL tokens and fly to the Moon


New GameFi short video platform Cheelee is running a mind blowing Community Drop until January 10th. Everyone who becomes a part of the community will receive a drop of CHEEL tokens. 1,250,000 tokens are to be dropped to the lucky ones in two stages. 50% of them - now and another 50% - in February after the app launch.

Cheelee is the world’s first-time idea to implement GameFi mechanics in a short video platform. Now you can monetize your time just by watching the feed.

The project has every reason to change the crypto market. Firstly, Cheelee has a stable financial model.
Cheelee's potential audience is huge. Everyone who has a smartphone. And what is extremely rare in such projects is absolutely free admission.

Free NFT glasses to all users makes it a great incentive from the get go - all of these guys become crypto owners automatically, and there will be millions of them to make $CHEEL token jump to the moon!

https://tinyurl.com/yxcet2ka Open / Comment

2023-01-05 19:15:00 ​Lido Finance [LDO] can push higher on the charts if these conditions are met

Tether Dominance receded slightly in the past few days to show that the buyers were willing to trade their Tether [USDT] for crypto assets. This could be a bull trap, as the buying pressure was not strong, and the higher timeframe bias for most altcoins remained bearish.

Bitcoin [BTC] has not yet breached the $17k mark, but Lido’s native token has already rocketed higher. More gains can follow if an important level of resistance is beaten over the next day or two.

The fair value gap from early November has been filled, and LDO can push higher
During the price crash of November 2022, LDO fell from $1.85 to $0.93. The Fibonacci retracement levels were plotted based on this move. The token spent the majority of the past two months beneath the $1.18 level, but this changed over the past week. The start of January saw LDO consolidate at the $0.95 area, and had seen very little volatility toward the end of December.

In early January, trading volume saw a massive rise and there was intense buying pressure, as evidenced by the OBV. The RSI also shot above the neutral 50 mark to indicate bullish momentum. At press time, it was just beneath the overbought territory. Therefore, upward momentum was still powerful.

LDO posted gains of 53.7% from the swing low on 1 January to the swing high at $1.45 on 4 January. The rally has reached a fair value gap left on the charts during the nosedive the price saw in November.

Once this inefficiency is filled, the prices will likely see a bearish lower timeframe reversal. The 61.8% Fibonacci retracement level also posed an additional layer of resistance.

Open Interest soars higher to confirm capital entering the market
Coinglass data showed that Open Interest had been dormant toward the end of December. Market participants entered the fray in great numbers once the price spiked above $1 and continued higher.

The OI has climbed higher in the past two days. A signal that the bears are taking the upper hand would be a slump in the OI and a move below $1.24 for LDO. Instead, if the token can breach the $1.47 level, it is likely to climb to $1.64, the 78.6% retracement level, which sat beneath a bearish order block. Open / Comment

2023-01-02 11:00:06 ​Solana’s latest update could do wonders for SOL but not with this obstacle around

Things might be about to get a lot more interesting for Solana [SOL] and its NFTs. This is thanks to a recent announcement from its NFT platform Metaplex. The latter announced a new upgrade that will enable the enforcement of royalties.

The Metaplex announcement means Solana might become more appealing to NFT creators in 2023 and here’s why. NFT creators can earn a share of the profits every time an NFT created finds a new buyer. Metaplex plans on introducing the same feature for Solana NFTs.

According to the announcement, NFT creators can implement the upgrade from 6 January. Doing this will allow them to implement royalties and even implement optional rule sets for their royalties.

One of the potential benefits of this move is that it will allow creators to earn more from their NFTs. This move may also encourage more creators to adopt the Solana blockchain as their go-to network for deploying their NFTs.

If the above happens, then we might witness an increase in NFT trade volumes in 2023. Solana’s NFT trade volumes were severely affected by the bearish market conditions.

Zooming in at its performance in December reveals a bit of an uptick in the last five days of December.

It remains to be seen whether this move will actually have a positive impact on Solana NFT trades volumes but it should in theory.

The same goes for the impact on SOL’s demand. Speaking of, SOL delivered an unenthusiastic performance for the last six weeks. We have seen a drop in price volatility but what can investors expect in 2023?

SOL flirts with the bulls
Solana experienced a surge in social volume towards the end of December. This means SOL might be exposed to more visibility as social volume surges.

Also worth noting is the timing of this social volume surge. It occurred at around the same time that SOL dipped into oversold territory.

SOL’s price action has so far struggled to exit oversold territory, meaning the existing demand was not enough to support a substantial pivot.

We do see a surge in money inflow as indicated by the Money Flow Index (MFI). Perhaps this accumulation has curtailed the previously existing bearish momentum. We may see a bit of an uptick if SOL can attract significant bullish volumes in the next few days.

Fortunately, there are already signs that SOL’s demand is recovering. Both the Binance and DYDX funding rates experienced their sharpest dip at the end of December.

Nevertheless, a sharp uptick was witnessed in the last 24 hours.

Furthermore, the above chart indicated that demand in the derivatives market was recovering as investors could be seen taking advantage of the discount.

SOL investors should keep an eye out for metrics that may indicate a resurgence in spot demand and bullish volumes. Open / Comment

2022-12-30 20:00:12 ​FTX’s Liquid Japan to start returning customer assets in 2023

Liquid Japan, a Japanese crypto exchange owned by FTX, has revealed its plans to return customer assets next year. The bankrupt exchange’s Japanese subsidiary has released a statement that outlined the timeline and the roadmap for the proposed returns.

Returns to begin in mid-February
According to the statement released by Liquid Japan, the firm is currently undergoing a system development. Following this, FTX Japan and Liquid Japan customers will be able to withdraw their assets through Liquid Japan’s web version.

The exchange’s statement read:

“Specifically, you will be able to check your FTX Japan balance from the Liquid Japan web version, and then you will be able to withdraw/take out. Customers using the Liquid Japan platform will be able to withdraw as usual.”

As for the roadmap and the timeline of the returns, the firm has stated that eligible customers will first have to open an account with Liquid. Following this, they will be able to view their balance and transfer their assets from FTX Japan into Liquid Japan. All withdrawals will be processed on the Japanese subsidiary’s website. Further updates regarding this process will be available from January 2023.

Withdrawals suspended since November
This decision marks a rather unique event wherein the firm has made an effort to put its customers first. Thousands of people having accounts with various exchanges and lenders have been left stranded this crypto winter, following FTX’s collapse.

The announcement to return customer assets came over a month after Liquid Japan suspended withdrawals on its platform. The decision was made on 15 November, in light of the liquidity issues induced by parent firm FTX, which is currently undergoing Chapter 11 bankruptcy proceedings.

FTX Japan had revealed on 1 December that due to Japanese regulations, the exchange’s customer assets would not be included in FTX Japan’s estate. Subsequently, the subsidiary announced that it would draft a plan to return said customer assets.

Meanwhile, there has been a development regarding the customer assets of the parent firm, FTX. According to a press release by the Securities Commission of The Bahamas, Bahamian regulators hold FTX deposits worth more than $3.5 billion. Open / Comment