Ethereum price moves toward $3K, but pro traders choose not to add leverage

[ad_1] Even though Ether (ETH) price bounced over 20% from the $2,300 low on Feb. 22, derivatives data shows that investors are still cautious. To date, Ether’s price is down 24% for the year, and key overhead resistances lay ahead. Ethereum’s most pressing issue has been high network transaction fees and investors are increasingly worried that this will remain an issue even after the network integrates its long-awaited upgrades. For example, the 7-day network average transaction fee is still above $18, while the network value locked in smart contracts (TVL)…

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Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase

[ad_1] Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of.  One project focused on expanding the functionality of NFTs beyond the digital art space is Propy, a protocol focused on the integration of blockchain technology with the real estate sector by automating the closing process of home buying to make the entire process faster, simpler…

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Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization – Bitcoin News

[ad_1] Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti-ETH. “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed. Elon Musk Shares Why He’s Pro Doge Elon Musk’s Doge explanation came as he and dogecoin co-creator Billy Markus joined a Twitter thread about web3 and Ehtereum involving Jack Dorsey. The former Twitter CEO raised concerns this week about web3 being…

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OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

[ad_1] Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It’s often difficult for new cryptocurrency enthusiasts to navigate the complex world of trading and finance. OKEx seeks to bring such sophisticated trading methods to everyday users’ disposal by providing a simple interface. During an exclusive ask me anything (AMA) session with Cointelegraph Markets Pro…

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Pro traders look for this classic pattern to spot Bitcoin price reversals

[ad_1] Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction.  When prices are falling, the sentiment is negative and fear is at extreme levels, but it’s at times like these that the inverse head and shoulders (IHS) pattern can appear. The (IHS) pattern is similar in construction to the regular H&S top pattern, but the formation is inverted. On completion, the (IHS) pattern signals an end of the…

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Bears scattered as Bitcoin hit $40K, but pro traders remain cautious

[ad_1] Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish investors are this time around, let’s take apart the derivatives data and look at the futures contracts premium and options skew. Typically, these indicators reveal how professional traders are pricing the odds of a potential retrace to $36,000. Bitcoin price at Coinbase, in USD. Source: TradingView Even…

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Here’s 2 ways clever pro traders spot crypto and stock price reversals

[ad_1] Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction. While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy when the trend reverses direction from bearish…

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Shiba Inu and Chiliz jump 33% and 26% on Coinbase Pro listings

[ad_1] The token prices of Shiba Inu (SHIB) and Chiliz (CHZ) jumped 33% and 26% respectively on Wednesday, following the announcement of the pair’s listing on Coinbase Pro. Inbound transfers for Shiba Inu and Chiliz were announced alongside Keep Network (KEEP) by Coinbase Pro on Tuesday, June 15. Trading is set to begin on Thursday, June 17, assuming liquidity conditions are met. The trading pairs will launch in three phases: post-only, limit-only and full trading. Shiba Inu burst onto the scene in late April, seemingly as a bi-product of the…

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Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets

[ad_1] Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Tuesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk. Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase Pro, on Monday, sparking a swift revival in the coin’s fortunes. DOGE’s price sank 59% over the course of the previous month, following the wider market crash in early March. On Tuesday, the coin’s price jumped from $0.3137 up to $0.4398 in the hours following the Coinbase…

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Coinbase Pro Dogecoin Deposits Now Open — Trading Begins on June 3 – Bitcoin News

[ad_1] The notorious dogecoin will be open for trading on Thursday, June 3, on the popular trading platform Coinbase Pro. In mid-May, Coinbase CEO Brian Armstrong revealed the meme-inspired crypto asset would be listed in six to eight weeks. It only took 18 days to get dogecoin added to Coinbase Pro but the coin is not yet added to the consumer application Coinbase.com. Coinbase Pro Opens the Dogecoin Gates Crypto traders can start depositing dogecoin (DOGE) to their Coinbase Pro accounts today, according to a blog post published on Tuesday.…

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