CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CARDANO News
The Cardano price analysis shows the price is facing bearish resistance once again after the bearish trend returns to the market. The price has receded back to the $0.498 level during the last 24-hours, and it is expected that it will go through a further decline in the coming hours. There have been constant changes in trends as ups and downs can be seen in the price movements over the past two weeks, and today the bears are again in the leading position. The chances are getting dim for the bulls to find recovery.
ADA/USD 1-day price chart: Drop-in price recorded as bears attempt to lead
The 24-hour Cardano price analysis reveals the bears are striving to make a comeback and have brought the price down to the $0.498 level today. The upward trend is being constantly interrupted by bearish strikes, and today the price has gone down once again, as the coin lost nearly 3.21 percent value during the last 24 hours. A further shift in trends can be expected in the upcoming week as the price has constantly been fluctuating. The moving average indicator (MA) in the one-day price chart shows its value at $0.518, which is above the current price.
Bitcoin is down 0.30% in the last 24 hours.
Analysts now question whether the Dollar Index’s negative drop will lead to a BTC rise.
BTC has been unable to hold over $30,800 since May 16, indicating that demand is dwindling. The U.S. equities markets have not stopped decreasing because of uncertainties about how many rate increases would be necessary. Analysts are getting more pessimistic about the future of crypto as the bear market worsens. Analysts at Rekt Capital believe that Bitcoin might decline from $19,000 to $15,500 before it reaches a stable price point.
The Ethereum Classic coin hit the most recent bullish barrier of $25 after being under two weeks.
With reference to the daily price chart, ETC price is trading above the 20-day exponential moving average.
Ethereum Classic coin with bitcoin pair is trading with a gain of 6.2% at 0.000805 satoshis.
Again, the Ethereum Classic coin experienced dramatic price increases, with the crypto reaching the $25 milestone after two weeks. Ethereum Classic (ETC) fell dramatically from $52 on March 29 to $16 on April 1. This symbol has now become a crucial support measure. In the bull market, altcoin is approaching the $23 support level.
Top Reasons to Invest in the Metaverse
The term “Metaverse” is not well defined, but it’s a virtual world that augments the real world by allowing you to interact with the objects around you. This means that, in the future, you could be working from home and using the Metaverse to interact with your co-workers. As such, you should conduct thorough research on the topic before investing in a metaverse. If you’re looking to invest in this new technology, here are some of the top reasons to consider investing in it.
One of the most compelling reasons to get into the Metaverse is the potential for people to interact with virtual objects and experiences. By combining AR and VR, it’s possible to immerse yourself in a virtual world, complete with interactive objects. The technology behind Metaverse is still in its infancy, but technologists predict it’s going to become more popular than virtual reality. With it, users could even host parties and get married through digital avatars.
Facebook recently rebranded its social network to “Meta” to further explore the potential of this new virtual world. Known as the “metaverse,” this emerging technology is the next phase of the internet. It will most likely create trillions of dollars in value as a new computing platform and content medium. It is expected to revolutionize the way we communicate, work, and relax. In the future, the Metaverse will become the gateway to virtually all experiences, and could even be the next great labor platform.
