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The Algorand price prediction shows that ALGO faces the north as the technical indicator Relative Strength Index (14) moves to the upside. Algorand Market Price Statistic: Algorand price now: $0.17 Algorand market cap: $1.23 billion Algorand circulating supply: $7.1 billion Algorand total supply: $7.3 billion Algorand coin market ranking: #32 ALGO/USD Market Key Levels: Resistance levels: $0.30, $0.32, $0.34 Support levels: $0.09, $0.07, $0.05 ALGOUSD – Daily Chart ALGO/USD is currently trading around $0.17 and once it manages to cross above the 9-day and 21-day moving averages, the next target could be located at $0.20 which is the crucial level for the coin. However, a push from here could send the price straight to around $0.0.25 while the daily low could be spotted at the $0.15 support level. Meanwhile, if the current level fails to hold strong, the Algorand (ALGO) could slip below the 9-lower boundary of the channel. Algorand Price Prediction: Would Algorand Sp...

An indicator tracking transactions in profit and loss is yet to repeat its traditional bear market bottom sequence, says CryptoQuant. Bitcoin (BTC) may not be good value enough for a macro price bottom, according to Analysis from CryptoQuant. In a blog post on Dec. 29, a contributor to the on-chain analytics platform flagged one BTC price indicator with further to fall. Profitability indicator lacks key cross At nearly 80% below all-time highs, BTC/USD is nearing the zone in which it bottomed during previous bear markets. As CryptoQuant's MAC_D notes, there is no shortage of instruments pointing to the 2022 bear market bottom already forming. Despite this, however, the signs are not yet unanimous, and pointing to transactions in profit and loss, he warns that cheaper BTC prices may still enter. CryptoQuant's unspent transaction outputs (UTXOs) in profit and loss indicator currently shows around 30% of transactions performed at a loss.  "When the UTXOs in Profit and Los...

A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such assets. National Marketplace to Support Trading of Digital Collectibles and Copyrights in China Chinese authorities are preparing to launch a state-controlled platform allowing the trading of non-fungible tokens (NFTs) and other digital assets, local media announced. The initiative is a joint project between government organizations and a private company. The “China Digital Asset Trading Platform,” built in partnership by the China Technology Exchange, China Cultural Relics Exchange Center, and Huaban Digital Copyright Service Center Co. Limited, will launch on Jan. 1, 2023, the report by Sina Finance detailed on Wednesday. The marketplace will operate under the license of the China Digital Exc...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Toronto, Canada, 28th December, 2022, Chainwire Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention.  Conflux is already in the process of registering related entities for the entry into Hong Kong, solidifying its role as foundational infrastructure for Web3. This follows October’s announcement of the  “Policy Declaration on the Development of Hong Kong Virtual Assets” which has paved the way for a more hospitable blockchain environment in Hong Kong. Dr. Ming Wu, Co-Founder of Conflux Network ,  was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux ...

Crypto mining firm Canaan expects its annual RMB-denominated revenue to drop less than 15% despite the crypto market cap plummeting 70% in 2022. Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis. Canaan’s total revenue for the first nine months of 2022 was roughly 4 billion Chinese yuan (RMB), or about $573 million, a spokesperson for Canaan told Cointelegraph. As the firm expects to generate another 310 million RMB ($46 million) in Q4, the total annual revenues is expected to amount to 4.3 billion RMB ($619 million). The amount is down around 14% from Canaan’s RMB-denominated revenue of 4.9 billion RMB last year. In USD, the total revenues were down about 21% from $783 million in 2021. Canaan’s 2022 annual revenues would still be significantly bigger than in previous years, surging nearly 90% from 448 million RMB ($64 million) in 2020. In 2019, Canaan’s annual revenue amounted to 1.4 billion R...

Learning financial skills can offer children many advantages for the rest of their lives and doing it through crypto could be the way to go. Being financially literate means understanding how skills like money management, budgeting, and investing can be used to make effective financial decisions. The sooner these skills are adopted in life, the greater the number of opportunities for accruing wealth. Unfortunately, the education system severely lacks teaching the financial literacy and application skills we need to succeed, and we are still learning how this affects economics on a larger scale. Changing service providers and deciding on the best mortgage rates – these are the kind of decisions that most people will come across. But not fully understanding how it all works can cost a significant amount of money, according to recent research. The National Financial Educators Council (NFEC) found that, on average, American adults estimated they lost $1,634 in 2020 due to a lack of money ...

Join Our Telegram channel to stay up to date on breaking news coverage The global crypto market has started showing some signs of recovery towards the end of this year. The two most commonly used cryptocurrency coins, Bitcoin (BTC) and Ethereum (ETH) managed to stay steady on Friday around the $16,000 and $1,200 price ranges, respectively. Similarly, many other cryptocurrencies, like Lido DAO and Terra Classic displayed huge green spikes on their price charts. The list of top cryptocurrencies for today is provided below, which can assist you in choosing the top cryptocurrencies for trading right now. 1. Lido DAO (LDO) Lido DAO has experienced decent growth in price today and is one of the top gainers in the past 24 hours when considering the top cryptocurrencies. As one of the best staking solutions for Ethereum, Lido DAO has been increasing in terms of price in the last couple of days already. This increased even further today, as the token seems to have risen by more than...