An XRP move through the $0.5470 resistance level would give the bulls a run at the 200-day and 50-day EMAs. A break above the 50-day EMA would bring the $0.5835 resistance level into play. However, XRP continued to sit below the $0.60 handle, with the SEC v Ripple case leaving XRP trailing BTC and the broader crypto market. This means that merchants can be certain that the payments can’t be reversed unlike in traditional banking. The Flexa projects currently support a wide variety of stable, prominent cryptocurrencies. For instance, the stablecoins DAI, Gemini dollar, USD coin etc. are supported.
- A breakout from the 50-day EMA would bring the $42,968 resistance level into play.
- After all, traditional financial services are known to overcharge their customers and are highly inefficient.
- This could open the door to SHIB price action potentially overtaking the pioneer memecoin.
- On Wednesday, investors must consider crypto-spot ETF-related news and US lawmaker scrutiny.
- Dogecoin miners’ current trading activity could see the price correlation decouple from SHIB in February.
Its closest competitor – the Bitcoin’s Lightning network, in fxc coin comparison, has a TVL of $11.6M in its public channels.
Gold, Silver, Platinum Forecasts – Gold Moves Higher Amid A Broad Rally In Precious Metals Markets
The 4-hourly RSI, with a reading of 61.94, suggests an XRP move to the $0.5470 resistance level before entering overbought territory. The outcome of the SEC v Coinbase case could dictate the direction of the SEC v Ripple case. A Coinbase victory could end SEC plans to appeal the Programmatic Sales of XRP ruling. In July 2023, Judge Torres ruled that programmatic sales of XRP do not satisfy the third prong of the Howey Test. A favorable end to the SEC v Ripple case would be a boon for Ripple and XRP.
Can DYDX price overcome two critical hurdles and rally 25%?
The process is as simple as loading cryptocurrencies on wallets, executing tap and pay, with the Flexa back-end taking care of the rest. The protocol provides mechanisms for payment confirmation and acceptance, as well as wide compatibility and easy integration with digital wallets and other payment systems. The whitepaper specifies that the protocol aims to be compliant, useful, instant, and secure. The Flexa project is a set of decentralized components and protocols, powering a versatile payments network to make cryptocurrencies spendable everywhere. It is designed to facilitate economic activity, act as an intermediary for payment transmission, and create a major use case for the blockchain. A BTC break above the morning high of $40,277 would support a move to the 50-day EMA.
This development needs to be subsequently supported by a weekly candlestick close as well. BTC-spot ETF market updates drove buyer demand for BTC and the broader crypto market. Downward trends in Grayscale Bitcoin Trust (BTC) outflows contributed to the gains. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
Price History Flexacoin
According to analysts from behavior aggregator Santiment, large holders may have something to do with the ADA move north with on-chain metrics to show for it. On the daily chart, Bitcoin price has created the first higher high after nearly two weeks of downtrend. But for BTC to be out of the woods from the high timeframe perspective, it needs to produce a daily candlestick close above $48,222.
And these are done in an instant and highly-secure manner for users and merchants alike. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. Dogecoin (DOGE) price dipped below the $0.08 mark as bearish headwinds swept across the crypto market in January. When Flexacoin was introduced in 2018, instant collateralization for digital asset transactions was a new and novel concept. In the years since, the decentralized finance landscape has evolved dramatically.
However, the risk remains that issuers may need to take legal action to progress ETH-spot ETF applications. Partially reversing a 4.89% slide from Monday, BTC ended the day at $39,940. Significantly, BTC broke below the $39,000 handle for the first time since December 2. Matched to a monthly low of $66.4 million trading volume recorded on Jan 27, SHIB has pulled a mid-point average of $198.2 million. As noted in our previous publication, Bitcoin price’s weekly perspective has improved vastly after a bullish Swing Failure Pattern (SFP) below $39,851.
However, the miners’ $22.6 selling trend analyzed above indicates the bears look set to gain even more ground in the coming weeks. However, Dogecoin miners’ and mining pool’s recent trading disposition could see DOGE price fall behind SHIB in the weeks ahead. Let’s take a look at important altcoins that might trend this week and how Bitcoin price might affect the performance of these cryptocurrencies.
Merchants, on the other hand, can be assured that they will receive payments in non-volatile FIAT. Built on Ethereum, the native Flexacoin is a digital token built for facilitating commerce. By using this technology, customers can pay using cryptocurrency and merchants can receive payments in fiat. Flexa Capacity is https://cryptolisting.org/ a dapp designed to allow any crypto asset to be spent from any wallet, with both custodial and non-custodial support. The system utilizes FXC as collateral to provide assurance for merchants to receive payments for purchases at all times. The native token of the Flexa project is the Flexacoin Collateral Token (FXC).
The 14-day RSI reading, 42.47, indicates an XRP fall through the $0.5042 support level before entering oversold territory. Among all the assets available on CoinStats, these have the most similar market capitalization to Flexacoin. Flexa complements the lending, borrowing, derivative, synthetics, liquidity mining and other DeFi processes by adding a much-needed payments component. The current total value locked for Flexa stands at $86.8M, which gives an idea about the popularity and impact of this powerful technology. The 14-period Daily RSI at 39.63 suggests an ETH fall to the $2,143 support level before entering oversold territory.
Flexacoin is designed to mitigate the friction between customers paying with crypto and merchants accepting fiat. Users scan a QR code at the point of sale, and the Flexa Network Protocol (FNP) trades the crypto spent for fiat which is then returned to the merchant. We also gather additional information from different sources to ensure we cover all necessary data or events. The Flexa project claims to be the “simplest and safest way” to allow retail usage of crypto-currencies today. This DeFi project has acquired its reputation and value by enabling different crypto-assets to be used for payments on its digital wallets.