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ANKR/CRV/STORJ Price Analysis – March 24,2021

ANKR, CRV, and STORJ are included in the Coinbase Pro list and have increased by 42.57%, 23.73% and 102.00% respectively within the last 24 hours.

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On March 23, the top US cryptocurrency exchange Coinbase announced that ANKR, CRV, and STORJ will be made available for trading on Coinbase Pro accounts.

Except for Curve Dao Token (CRV) in New York State, all Coinbase-supported jurisdictions will provide support for ANKR, CRV, and STORJ. If the liquidity conditions are met, trading will start on or after 9 a.m. Pacific Time (PT) March 25.

But currently, these three tokens ANKR, CRV, and STORJ cannot be traded on Coinbase.com and Coinbase mobile apps.

But being included in the Coinbase Pro list will undoubtedly have a positive stimulus effect on the prices of the three coins. ANKR, CRV, and STORJ have performed very strongly in the past 24 hours, increasing by 42.57%, 23.73%, and 102.00% respectively.

Ankr (ANKR) price Analysis

Source: ANKR/USD Daily via TradingView

ANKR is a blockchain cloud infrastructure platform based on the Ethereum token Web 3, which aims to lower the threshold for individuals, enterprises, and developers to participate in the blockchain ecology.

Since the beginning of February, its price has soared 1000% from the low of $0.011 on February 1 and reached its all-time high(ATH) of $0.12 yesterday. The current price has retraced, is trading at $0.096.

The MACD index is still in the bullish zone and will face resistance at an all-time high of $0.12 in the future. The Stochastic RSI index declined from the overbought zone and has slowed down, which means that a bullish crossover may form again in the short term and the price may continue to rise accordingly.

Curve DAO Token (CRV) Price Analysis

Source: CRV/USD Daily via TradingView

Curve DAO token(CRV) is created based on the Aragon framework of Ethereum (ETH) decentralized autonomous platform. There will be a staking mechanism. Its CRV token is mainly used for governance and value appreciation. It is an automatic market maker agreement with the purpose of enhancing the liquidity of the market and facilitating the exchange of specific assets based on Ethereum.

Curve DAO Token (CRV) has risen 19.88% in the past 24 hours, reaching a maximum of $3.277. The current price has retraced. At the time of writing, CRV is trading at $2.91.

Yesterday’s long green candlestick made CRV’s price firmly stand on the Exponential Moving Average ribbon. But the long shadow line of the candlestick indicates that there was a large number of selling orders once it reached over $3.00, and the bulls failed to push the price higher than $3.277. The first resistance level for CRV rise will be $3.277. If CRV breakthroughs this pressure level from the current price, the next pressure level will be $3.6.

The MACD index shows the bullish signal. Stochastic RSI has retraced from the 80 overbought zones and formed a bullish crossover, which means that in the short term, IOTA’s price is likely going to surge higher.

Storj(STORJ) Price Analysis

Source: STORJ/USDT Daily via TradingView

STORJ is an Ethereum-based token that provides users with a blockchain-based end-to-end distributed cloud storage platform. Users use private keys to manage data and achieve secure file storage without trusting centralized data centres, such as Amazon Web Services or Google Cloud.

The price of STORJ rose by 93.5% to $1.76 on March 23, reaching a new all-time high of $2.01. However, there are currently a large number of sell orders, and $2 will be an important resistance level. However, the MACD index is still in a bullish range, and it is possible that in the short term STORJ will create a new all-time high.

Stochastic RSI is retracing from the 80 overbought zones.

Image source: Shutterstock

The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of Blockchain.News. No information in this article should be interpreted as investment advice. Blockchain.News encourages all users to do their own research before investing in cryptocurrencies.

Source: https://blockchain.news/analysis/ankr-crv-storj-price-analysis-march-24-2021

ankr/crv/storj-price-analysis-–-march-24,2021

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Global Financial Indexes Provider MSCI Plans to Launch Crypto Indexes

Global securities index publisher MSCI is considering launching cryptocurrency indexes. Yet, Henry Fernandez, CEO of the MSCI did not disclose what assets any index would focus on nor any timeline

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Global securities index publisher MSCI is considering launching cryptocurrency indexes, Reuters report Thursday.

Henry Fernandez, CEO of MSCI- a global securities index issuer, stated that MSCI is considering launching cryptocurrency asset indexes, which will be another step towards mainstream companies accepting digital currencies and related transactions.

The crypto indicators are considered an important step in leading new research and models to accept emerging markets. Yet, Fernandez did not disclose which specific cryptocurrencies will be added and the specific time plan for the introduction. MSCI also declines to elaborate on Fernandez’s comments.

With many commercial giants such as MasterCard, Paypal, Square, Goldman Sachs, etc., supporting cryptocurrencies, it seems that cryptocurrency has become an inventable trend as an emerging investment service to join investors’ portfolios.

Goldman Sachs, the second-largest US investment bank, has stated in April that it will offer Bitcoin and other crypto products to its private wealth clients within the next few months.

In December last year, The S&P Dow Jones Indices, a global leader in providing investable and benchmark indices to the financial markets, announced that it would be launching index funds for cryptocurrencies in May 2021, including S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index.

These three indexes successfully brought cryptocurrency trading into the Wall Street investment bank predators. Investment institutions can measure the performance of related digital assets through these three indexes and make investment decisions based on this informative data.

Not only the United States own a cryptocurrency index, but also the Singapore Exchange (SGX) has also joined the cryptocurrency index following the trend of the emerging field of cryptocurrency. As early as September last year, Singapore Exchange (SGX) will launch crypto indices—the iEdge Bitcoin Index and iEdge Ethereum Index—in collaboration with UK-based cryptocurrency market data provider CryptoCompare.

Image source: Shutterstock

The crypto indicators are considered an important step in leading new research and models to accept emerging markets. Yet, Fernandez did not disclose which specific cryptocurrencies will be added and the specific time plan for the introduction. MSCI also declines to elaborate on Fernandez’s comments.

Source: https://blockchain.news/news/global-financial-indexes-provider-msci-plans-to-launch-crypto-indexes

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US Space Force Makes its Foray into the NFT Metaverse

The United States Space Force is launching an NFT series named after Neil Armstrong.

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The United States Space Force (USSF) has announced the launch of its Non-Fungible Token (NFT) series dubbed “Armstrong Satellite NFT Launch with Space Force.” The NFT series is named after Neil Armstrong, the first American and human to land on the moon, which is under production in partnership with Ethernity Chain and Star Atlas.

According to the official announcement, the NFT series will feature a limited edition digital twin NFT of the GPS III SV05 “ARMSTRONG” satellite and 3D NFTs depicting 30-plus satellites currently in orbit forming a GPS constellation around the Earth, among others. The Armstrong Satellite, named after the historic feat of Neil Armstrong, has its inherent significance in that it will provide “accurate global positioning and navigation systems to military and civilian users.”

The foray of a notable US agency into the NFT metaverse signals that the industry’s potential is fast approaching maturity with a broader public acceptance. The Ethernity Chain team particularly considers the partnership with USSF as a win for blockchain immutability.

“This is a historic opportunity for the NFT and blockchain space to push the medium forward and commemorate a moment both technologically and futuristically,” said Ethernity Chain CEO Nick Rose as a part of the announcement. “We can now put this launch and Neil Armstrong’s historic achievements on the immutable ledger and memorialise and tokenise it on an NFT that the public can participate in.”

American agencies are known to be huge supporters and investors in blockchain technologies. The move into NFTs is a testament to the trust in the potential of the tech to recreate experiences for users and keep pieces of history. While NASA is funding a blockchain-based space communication project, the agency’s dive into blockchain has been attached to the probable launch of a cryptocurrency as the agency was once in search of a data scientist.

Image source: Shutterstock

Source: https://blockchain.news/news/us-space-force-makes-its-foray-the-nft-metaverse

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Long-Term Bitcoin Holders Keep Stacking While Short-Term Holders Keep Selling

On-chain analyst William Clemente III revealed that long-term holders keep on stacking as short-term holders keep on selling.

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Bitcoin (BTC) has spent the last two months ranging between $30,000 and $40,000.

It, therefore, shows that bulls and bears have been embroidered in a tussle, and William Clemente III acknowledged this fact. The on-chain analyst explained:

“Long Term Holders keep stacking: +20,969 BTC to their holdings today, +145,021 BTC to their holdings in the last week, and +397,487 BTC to their holdings in the last month.”

He added:

“Short Term Holders keep selling: -15,085 BTC from their holdings today, -112,950 BTC from their holdings in the last week, and -428,749 BTC from their holdings in the last month.”

These statistics show that as long-term holders continue buying more Bitcoin, their short-term counterparts are offloading their holdings.

Crypto data provider Dilution-proof recently disclosed that short-term holders were selling at a net loss since May 13.

Total fees paid on the Bitcoin network hit an 11-month low

According to on-chain metrics provider Glassnode, the BTC total fees reached an 11-month low of 1.488 BTC.

This is related to recent the market crash, which drove Bitcoin price from an all-time high (ATH) of $64.8k to lows of $30k on May 19.

Google searches for legal tender reached an ATH. Lucas Outumuro, a senior analyst at IntoTheBlock, acknowledged that google searches for “legal tender” had gone through the roof. He stated:

“The World is paying attention. Google searches for “legal tender” hit a new high following El Salvador’s Bitcoin Law.”

El Salvador recently became the first country to adopt Bitcoin as legal tender. This move is expected to generate jobs in a nation where 70% of the population works in the informal economy and does not hold a bank account.

Furthermore, it is anticipated to be a way that offers access to investment, savings, credit, and secure transactions.

Image source: Shutterstock

Source: https://blockchain.news/analysis/long-term-bitcoin-holders-keep-stacking-while-short-term-holders-keep-selling

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