You can visit our Buy Bitcoin page to get bitcoin right now if you can’t get to Dublin to use the alternative Northside ATM, or read about the new (in May 2019) Southside ATM as well as the Cork ATM. So here at BitcoinsInIreland.com we always try to cover bitcoin news around the country. A little while ago, we noted that Dublin’s second bitcoin ATM was in installed this year, giving people a simple way to walk up, put in money, and get bitcoin Source: https://bitcoinsinireland.com/buying-bitcoin-at-dublins-southside-atm/
UNI Token Price Stable Above $5.50 As Negative Funding Rates Rise
The UNI token price remains stable above the $5.50 level after seeing a massive inflow of investments in the past day. The biggest buy-side order outweighed the relative small sell orders from the users that got the 400 tokens after the airdrop as we reported in the altcoin news previously.
The uptrend was further perpetuated by other exchange listings such as Coinbase listing the UNI token, and binance listing the token within a day of the launch. This also gave the retail investors unprecedented access to the token which seems to be helping to offset the instant sell-side pressure which came as a result of the airdrop. It’s also important to note that the funding for the UNI token is giving bulls more fuel to push it higher with the rates sitting at more than $280,000 per year. The huge negative funding rates are also incentivizing traders to open the long positions on the cryptocurrency. The nature of the short positions will reduce the selling pressure that comes from the people that are trading UNI perpetual swaps.
At the time of writing, the UNI token price is sitting at $5.80 which marks a new all-time high for the cryptocurrency that has been climbing slowly higher over the past few days. it’s also important to know that this marks a huge rise from the $1.00 lows that were set shortly after the listing. The lows came above because of the intensity of the initial selling pressure from the users that sold the tokens that were initially airdropped to them.
After the launch, the token garnered listing on a few exchanges including Binance, Coinbase, and FTX. This led to a huge inflow of buying pressure from investors and helped fuel the upswing. The cryptocurrency is trading around the all-time high as the bears are having a hard time making an impact. another factor that could influence the uptrend of the token is the massive negative funding rates for the perpetual swaps of the token. One trader also spoke about this explaining that about 0.1% of the users are paying each other to short the token which is making a strong bull case for the asset:
“At -0.75% every 8 hours, or -0.0994% every hour, you are being paid 2.2% – 2.4% a day to be long UNI via perps.”
Assuming that this trend will surround the perpetual futures, UNI could rally higher in the upcoming days and weeks.
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Balkan cryptocurrency realm ready to replace ageing Dinar payment systems
The Balkan cryptocurrency realm is heating up. Various Balkan states are exploring cryptocurrencies in anticipation of bringing a huge financial revolution in the region. The daring few working in the Balkan cryptocurrency realm may very well reap huge benefits if they can successfully transform the region’s economic scenario. The consistent rise of digital payments is […]
The Balkan cryptocurrency realm is heating up. Various Balkan states are exploring cryptocurrencies in anticipation of bringing a huge financial revolution in the region. The daring few working in the Balkan cryptocurrency realm may very well reap huge benefits if they can successfully transform the region’s economic scenario.
The consistent rise of digital payments is a step in the right direction. The growth of alternate payment mechanisms is building a fertile ground for cryptocurrencies. For example, former Yugoslavian countries have bad memories of the 1990s hyperinflation era and therefore citizens lack trust in government agencies and central banks. Such an environment is apt for cryptocurrency promotion.
A lot is going on in the Balkan cryptocurrency sector
Censorship resistant cryptocurrencies offer numerous benefits over traditional financial systems. Arvin Kamberi of the Bitcoin Association of Serbia is confident that virtual payments will grow tremendously especially during the pandemic months. The region already has a decent crypto mining industry thanks to low electricity cost. Lately, the Balkan cryptocurrency realm has progressed on the digital asset and crypto payments front as well.
Serbia is exploring crypto law enactments to ensure optimum growth of the decentralized financial technologies. The nation wants to build a robust crypto trading sector. Slovenia is also working out the modalities of crypto legislations. It boasts of a vibrant crypto-friendly shopping and retail points.
Laying the foundation for Balkan cryptocurrency
Colibra, a crypto startup based in Bulgaria, offers Bitcoin compensation to tourists for airline delays. The town of Sveta Nedelja in Croatia has recently unveiled a payment system where shoppers can pay in cryptocurrencies. Telos, a popular blockchain platform, has partnered with Croatia’s Katalyo dApp platform, for real estate tokenization.
Douglas Horn of Telos Blockchain says that real-estate tokenization helps reap big dividend benefits and aids in rental revenue. He adds that Telos is creating solutions that help developers and builders leverage from fee-less, instant, and transparent tokenized systems. It is working towards decentralized economy systems and data storage solutions to add more value to the economy.
Industry experts are optimistic that Balkan cryptocurrency potential is just starting to unravel. Both the blockchain and cryptocurrency technologies have the potential to transform the region’s financial ecosystem and bring the region at par with neighbour European nations.
Ethereum price rise after Uniswap decision, will $400 stand?
The Ethereum price found tailwinds after the launch of UNI by Uniswap. A chess move by the leading DEX, it now dominate DeFi locking the most ETH.
- Uniswap launches UNI
- Ethereum daily transactions at new highs
- Transaction fees rise
- ETH bulls aim at $400
- Immediate support at September lows
The Ethereum price remains resilient. At the time of writing, the ETH price was trading at $380, gaining versus the greenback but trailing BTC.
Even so, the trading community remains upbeat.
Propping their optimism is the level of demand in the pioneer smart contracting network.
According to Etherscan, Ethereum usage exceeds 95 percent. And it has been consequential to other promising sectors of the network. Ironically, despite the existence of competing platforms with better scalability and lower transaction fees, Ethereum is the leading Launchpad for most DeFi protocols.
One of them is Uniswap.
On Sep 16, its developers launched a governance token called UNI after facing an existential threat from one of its fork, Sushiswap.
Technically, the token will be “worthless”, at least in the eyes of Hayden and the founding team. Uniswap will distribute 100 billion UNI tokens to the team, investors, and liquidity providers.
Hours after launching, it was supported by Coinbase. Binance also launched UNI futures, immediately pumping its price to over $5 as its airdrops promoted some early adopters to the millionaires’ club. With demand, came the high transaction fees which rose to over $1 million as noted by GlassNode.
On the heels of this news, the number of Ethereum on-chain daily transactions soared to new highs, even exceeding those registered during the greater ICO-pump of late 2017 and early 2018.
This, as aforementioned, notwithstanding the high Gas fees–which is forcing Coinbase to pass to their clients as per a notification on Sep 18.
Starting today, Coinbase Pro will pass along network fees directly to our customers. These fees (sometimes referred to as “gas fees” on the Eth blockchain) are paid directly to crypto miners that process transactions and secure the respective network.
Ethereum price analysis
The Ethereum price remains in consolidation despite traders’ confidence. The coin is bullish versus the USD but under-performs BTC in the last week of trading.
In the daily chart, price action is tepid with shrinking trading volumes. With caps at $400—the immediate resistance level, and Sep 6 highs, bulls appear exhausted though the main trend is northwards.
After reacting from the 61.8 percent Fibonacci retracement level with increasing volumes, ETH bulls should technically aim for $400. However, this is largely dependent on the degree of participation of overcoming sellers of Sep 5. From volume analysis, a satisfactory confirmation of Sep 17 bulls and reversal of Sep 5 losses will spark a demand that may lift the Ethereum price back to $480 or better.
Conversely, a sharp drop below $350 could see ETH prices pullback to September lows of around $320, or worse.
Disclaimer. The information provided is not a trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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