Crypto News Updates

After a prolonged dip since November 25, the price of CryptoPlanes (CPAN) has started rising once again. The coin has raised by more than $0.55 with a period of two days. At the time of writing, its price was at $2.56 with a 7.09% increment within the last 24 hours. But why is the price CPAN price rising, especially at such a time when the majority of cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) are dropping? Below is a detailed explanation as to why the CPAN price is rising. What Is CryptoPlanes (CPAN)? Before delving into why the CPAN price is skyrocketing, it is important to first understand what CryptoPlanes (CPAN) is. CryptoPlanes is a blockchain-based game built on the Binance smart chain featuring a metaverse with NFT planes like the CryptoCity metaverse. In their whitepaper: “As a player in CryptoPlanes, your mission is to win the fighting (Training, PvC, PvP, Planes vs Cars battle) to get Exp and earn token. When you gain enough experience points, you c...

LUNA Coin has been showing a very decent uptrend in the last few days on its chart, even though broader sentiment in crypto appears to be waning. Although the coin did pull back from its support level of $54, a mini-rally looks like it could sustain its nearest resistance level, which is around $63. But there are also a few indicators that you should know about: The trading volume stands at $2.01 billion, more or less the same despite headwinds in the broader market A steady rally appears feasible from the chart and could charge towards all-time highs of $78 LUNA has also flourished even though most coins have had severe corrections in recent weeks. Data Source: Tradingview.com   LUNA Coin – Price Prediction Several technical indicators may suggest that LUNA is actually on the up. First, the crucial Exponential Moving Averages (20, 50, 100, 200) appear to have a bullish alignment albeit the current price finds support around the 50-day Exponential Moving Average. W...

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The volatility in the crypto market in recent weeks has been quite concerning for Bitcoin (BTC) bulls. Although the recent FOMC meeting by the US Fed led to a decent bump in BTC prices, overall, the trend has been quite bearish. We don’t expect this to change; in fact, 2021 could end on a choppy note, backing a bear trend that we have seen for nearly the whole of Q4. Here is why this will happen: Pandemic fears are still ripe with the massive spread of Omicron The supply chain crisis and inflation in the US and Europe remains high, which could threaten global economic recovery There is talk of potential regulation in many countries Data Source: Tradingview.com Bitcoin Price Analysis and Prediction BTC saw a massive pullback this week. At the time of writing this post, the mega-cap coin was trading slightly above $45 000. It is nearly 30% down from its all-time high of slightly above $ 70 000. Also, the technical charts don’t offer a lot of promise, at least not until t...

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Yearn Finance (YFI)  is set to end the week as one of the best performers in crypto. The coin, at the time of writing this article, was trading at around $29, 100, its two-week all-time high. The price also came after a rally of nearly 46%, occasioned largely by a Yearn Finance buyback that was valued at around USD 7.5 million. Here is what we know: YFI has been on a 4-day bull run over the past week and could still grow further Yearn Finance had been buying back YFI in droves since November Yearn Finance also said it has $45 million in-store to buy back YFI in the future Data Source: Tradingview.com   YFI Price Breakdown: How Far can It Go There is no doubt the upside for growth as far as YFI goes is huge. This is already a very successful coin with a decent track record in the market. But an aggressive buyback program from Yearn Finance could easily put the coin into huge values.  In fact, analysts note that Yearn Finance on average, makes USD 100 mill...

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