Adding fuel to the positive trajectory, Stellar has forged a link with the Polkadot ecosystem by utilizing the Pendulum parachain, which is being hailed as the ultimate connector between traditional fiat currencies and decentralized finance (DeFi).
Stellar (XLM) has been exhibiting a bullish trend as a result, and technical indicators suggest that this momentum may continue.
Notably, the 20-day EMA is currently positioned at $0.0937, surpassing both the 50-day EMA ($0.0899) and the 100-day EMA ($0.0896).
This configuration indicates that the short-term trend is bullish, with the 20-day EMA serving as a supportive base.
The fact that the 20-day EMA exceeds the longer-term EMAs also implies that the recent bullish momentum has the potential to persist.
In addition to the EMAs, the RSI is currently registering at 72.50, placing it firmly in overbought territory.
Although this may prompt caution among some traders, it simultaneously signifies robust buying pressure.
Therefore, traders should remain vigilant and monitor the RSI for any indications of a reversal.
However, as it stands, the elevated RSI value bolsters the bullish case.
As for the current market activity, XLM is trading at $0.1092, achieving a gain of 2.63% so far today.
The cryptocurrency is facing immediate resistance within the range of $0.1155 to $0.1167.
Should XLM break above this resistance range, it could signal further upside potential.
Conversely, on the downside, the immediate potential support lies at the psychological level of $0.1.
Traders should keep a close eye on this level, as a break below it could herald a trend reversal.
A new player in the decentralized digital currency arena, DeeLance, is introducing a platform that empowers individuals from all corners of the world to engage in productive collaboration.
Acting as a central point for freelance endeavors and talent discovery, DeeLance harnesses the power of Web3 technology to redefine the relationship between independent workers and their potential clients.
<oembed url=”https://twitter.com/deelance_com/status/1641489211982516225[/embed]A standout feature of DeeLance is its focus on non-fungible tokens (NFTs)—distinct digital assets that are authenticated and protected by blockchain technology.
In the DeeLance ecosystem, NFTs represent a broad array of items, including digital art, subscription services, written materials, music, royalty payments, and more.
The platform implements a pioneering method by transforming freelance initiatives into NFTs, thus allowing secure transfer of ownership entitlements to those who hire.
This strategy effectively addresses common challenges in the online freelancing world, such as copyright violations and deceptive payments, while building confidence between freelancers and their clients.
The DeeLance ecosystem encompasses streamlined business procedures, transparency, timely payments, ownership, secure escrow services, and minimal fees.
VIDEO DeeLance recently began the presale of its own DLANCE token, hosted on the Ethereum blockchain.
The token, with a total issuance of 1 billion, provides utility within the ecosystem and is priced at $0.025 USDT.
The platform’s forward-thinking approach to freelancing, combined with presale opportunities and a $100K giveaway, positions DeeLance as one of the best cryptos to buy now.
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Cardano (ADA) The price of Cardano (ADA) has increased by 7.84% so far today and is currently trading at $0.4056.
The upward price movement has brought ADA within striking distance of the $0.42 psychological resistance level, which may pose challenges for further gains in the short term.
The technical indicators still reflect a positive momentum and buying opportunity for ADA.
The 20-day, 50-day, and 100-day EMAs of ADA are $0.3602, $0.3554, and $0.3549 respectively, all indicating upward-sloping EMAs and potential support for the current price levels.
The RSI of ADA is 64.24, showcasing that the recent price surge has not made ADA overbought in the short term.
There is more room for the RSI to move up before ADA becomes overbought and due for a price correction.
While $0.42 may act as the immediate resistance, potential support for ADA could be found at the $0.35 level, representing a pullback of around 13% from the current price.
As long as key moving averages and support levels hold firm, ADA remains primed for further gains from current levels as the medium-term uptrend remains intact according to the technicals.
ecoterra’s GameFi Approach to Climate Solutions ecoterra has launched a cutting-edge GameFi framework that employs blockchain technology to tackle the issue of climate change.
<oembed url=”https://twitter.com/ecoterra3r/status/1641727215506268160[/embed]The initiative brings forth a unique Recycle-to-Earn (Recycle2Earn) scheme that encourages eco-friendly behavior by granting ecoterra tokens as rewards for recycling activities.
The ecoterra platform consists of four key components: the Recycle2Earn application, a marketplace dedicated to recycled goods, a carbon offset trading platform, and a profile that tracks and documents environmental contributions.
The user-friendly app functions as the primary access point for participants to interact with the ecosystem.
Within the app, users have the opportunity to accumulate ecoterra tokens by engaging in environmentally responsible practices, such as recycling.
Each item eligible for recycling is associated with a specific quantity of ecoterra tokens, which users can ascertain through the app.
The recycled goods marketplace allows both individuals and companies to obtain recycled products, including plastics, glass, and aluminum, by using ecoterra tokens as a means of payment.
Through the Carbon Offset Marketplace, individuals have the capability to counteract their carbon emissions by obtaining officially recognized carbon offsets, subsequently playing a role in decreasing their overall carbon footprint.
The Impact Trackable Profile empowers users to observe and publicize their positive contributions to the environment within the ecosystem, positioning themselves as frontrunners in the battle to mitigate climate change.
ecoterra has simplified the procedure for obtaining rewards via recycling.
Users adhere to three straightforward steps: scanning the barcode of products eligible for recycling to ascertain potential rewards, depositing the items at a nearby Reverse Vending Machine (RVM), and submitting the RVM receipt to claim their rewards.
ecoterra has commenced the presale of its native token, which is designated as the chief currency for transactions and rewards within the ecosystem.
The initial phase of the presale sets the price of the ecoterra token at $0.01, with subsequent phases seeing incremental price hikes.
By incorporating GameFi elements and blockchain technology, the project is well-positioned as one of the best cryptos to buy now as it makes significant contributions to worldwide environmental issues.
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