Bitcoin Price and Ethereum Prediction; Paxful Delists Ethereum
During the Asian session on December 22, Bitcoin price prediction remains bearish below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays. Similarly, Ethereum has also remained mostly unchanged at $1,220. Ethereum (ETH) has been delisted from the peer-to-peer cryptocurrency exchange Paxful on the grounds that it is no different from any other fiat money.
Paxful Delists Ethereum
The New York-based crypto exchange is delisting Ethereum because of what its co-founder, Ray Youssef, considers to be a lack of decentralization caused by the top smart contract platform’s transition to proof-of-stake. Youssef claims that without the second-largest cryptocurrency by market cap, investors are better off. We have banned Ethereum from our store.
Bitcoin company Paxful has delisted Ethereum & their CEO is sending this email to their users: pic.twitter.com/Led1SZaEYj— Altcoin Daily (@AltcoinDailyio) December 21, 2022
Safeguarding the lives of 11.6 million people. Truth over profit. Exactly who is going to go up next?” Youssef explains in greater detail why he is banning ETH from Paxful in the latest business announcement. He claims that Bitcoin’s (BTC) potential is being stifled by Ethereum and the thousands of projects built on top of it.
The current price of a bitcoin is $16,833, and the volume of trades in the last 24 hours is $13 billion. In spite of the fact that the BTC/USD pair has lost less than 0.10% over the past 24 hours, CoinMarketCap is ranked first with a live market cap of $323 billion.
If the BTC/USD pair can break above $17,000, it will likely continue rising toward the $17,500 resistance level. If Bitcoin prices drop below $16,500, the next support level is at $16,320.
Bitcoin is still under pressure from the 50-day moving average, but the RSI and MACD are both in favorable buying territory. Today, $17,000 is likely to be a turning point for Bitcoin, so let’s keep an eye on it.
Ethereum’s current price is $1,211, with a $3.7 billion 24-hour trading volume. In the last 24 hours, Ethereum has gained nearly 0.05%, and CoinMarketCap currently ranks second, with a live market cap of $148 billion.
Ethereum has been struggling below $1,220 on the 4-hour chart, and the closing doji and bearish engulfing candle indicate a possible bearish reversal. Ethereum has short-term supports near $1,180 and $1,150.
If the $1,150 support is broken, the downward trend could continue all the way down to $1,110. When the price of gold rises above $1,220, the bullish trend can continue until the price reaches $1,280 if the price of silver rises above $1,180.
High-Profitability Alternative Coins
The cryptocurrency market as a whole is in the red, but only a handful of coins are making headlines.
FightOut (FGHT) – Presale Launches
With the launch of its presale, FightOut, an M2E fitness app and gym chain that aims to bring the fitness lifestyle to web3, has caught the attention of investors who believe the venture has the potential to disrupt the existing web3 M2E landscape.
FightOut takes a more holistic approach to tracking and paying users for exercise and activity than other M2E apps like StepN, which only count steps and require expensive non-fungible token (NFT) buy-ins to participate.
The FGHT token is the fuel for the FightOut decentralized platform. Investors are encouraged to act quickly to acquire their FGHT tokens at the current price of 60.06 USDT per 1 USDT because the presale raised more than $2.70 million in just a few days.
Dash 2 Trade (D2T) – Final Stage of PreSale
In my opinion, Dash 2 Trade is the most promising cryptocurrency trading platform available today. The new analytics and social trading platform has the potential to revolutionize the cryptocurrency trading industry.
Features include a presale token scoring system, a token listing alert system, a strategy back-testing tool, and social sentiment and on-chain indicators for trading. Users will be required to acquire and hold D2T tokens in order to make use of Dash 2 Trade’s services.
At significantly reduced prices, the Dash 2 Trade token pre-sale has already surpassed $10.4 million in sales. The token sale has begun, and over the next 30 days, you can buy them on several centralized exchanges for $0.0533 each.
Calvaria (RIA) – Final Presale Stage Now
New play-to-earn crypto card battle game RIA is a distinct possibility. The purpose of Calvaria is to widen the audience for cryptocurrencies by creating a connection between the real world and cryptocurrencies through a fun and easy-to-learn crypto game. The RIA token pre-sale by Calvaria could be of interest to investors.
With $2.5 million raised, and only 18% of tokens left, Calvaria’s fundraising campaign is drawing to a close.