LAST WEEK IN CRYPTO DOGE makes TOP 5 by Market Cap

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2 years ago

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➤ Coinbase Listing Triggers Bitcoin to All-Time High
➤ FUN Token Price Analysis
➤ ETH to Hit $5,000, DOGE Goes Up Another Level, and More
➤ Court Ruling Catapults XRP to Three-Year high
➤ Crypto News Weekly Roundup

It has been a massive week for crypto with surprising new

developments, milestones being reached, and innovations being

made. Let's take a look at what happened Last Week in Crypto.

As Coinbase made history by being the first crypto-exchange to

go public, investor demand for all things crypto surged, pushing

Bitcoin to a new all-time high at $64,890. Coinbase's listing is

seen as crypto long-anticipated push into the mainstream which

would expose the industry to a plethora of potential buyers and

investors. The crypto space is currently valued at $2 trillion as it

enjoys its biggest bull run since 2017 and we could see that figure rise even higher.

FUN Token Price Analysis

The FUN Token has just shown signs of reversal at a major support. On the daily chart, there's a clear uptrend, with the price taking support on the trend line for the last 4 months. Furthermore, the price touched the 78.6% Fibonacci Retracement of the rally from $0.033 to $0.068. A confluence of supports could signal another uptick for the token.

At the time of writing, FUN Token trades at $0.043. The next resistance lies at $0.047 while the next support lies at the 50MA, at $0.038. A move above $0.048 may see buyers coming in with substantial volume.

Adriaan Brink, CEO of FUN Token, recently announced an AMA to be held on Thursday, 22nd April, at 2 PM BST on their official Telegram channel. That could be the push FUN Token needs to break the resistance.

Another legal victory pushed XRP to a three-year high last week. In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that its sale of XRP was an unregistered securities offering worth over US$1.38 billion.

On Friday, U.S. Magistrate Judge Sarah Netburn struck down a subpoena from SEC demanding up to eight years of personal financial information of Chris Larsen, Ripple's co-founder and executive chairman, and Brad Garlinghouse, Ripple's chief executive officer. This ruling sparked positive interest in XRP, propelling it to $1.96.

The Turkish Central Bank banned the use of cryptocurrency as a payment method from April 30. A lack of regulation, supervision mechanisms or central regulatory authority, combined with the potential for criminal activity and the high volatility of their market value, mean digital tokens entail ''significant risks,'' said a statement on the central bank's website. The ban also prohibits companies that handle fund transfers from facilitating transactions involving crypto platforms.

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Avatar for abde878
2 years ago