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Nevertheless, a decisive four-hour candlestick close below the $3,922 level could lead to a steeper correction. Ethereum could then dive to look for support around the 100 four-hour moving average at $3,700 or even test the 200 four-hour moving average at $3,400.
It hasn't yet been recognised by the major cryptocurrency sites such as Coinbase but why did it get so popular?
A cryptocurrency transaction is usually a rapid and straightforward process. Bitcoin, for example, can be exchanged between digital wallets using only a smartphone or computer. Public and private keys and various incentive schemes such as proof-of-work and proof-of-stake are used to safeguard these transfers. Payments in cryptocurrencies are growing more popular among large corporations and in industries such as fashion and pharmaceuticals.
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In other cryptocurrency news, Mastercard has a new partnership to expand its cryptocurrency offerings for banks, merchants, and financial technology companies in the U.S.
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Users can use the crytocurrency’s native token, $ZOO, and wETH to purchase “NFT eggs” needed for breeding new animals, which would be considered the NFts.
“Expect very high volatility in crypto over the next few months,” he tweeted on Oct. 21.
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Cardano founder sets the record straight over talk of an ADA burn Samuel Wan · 3 days ago · 2 min read
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‘NYC is going to be the center of the cryptocurrency industry,’ Eric Adams said on Twitter on Thursday.