‘Once $ADA Cracks $5, People Will Magically Start to FOMO In’, Says Crypto Analyst
On Monday (August 23), as the price of Cardano(ADA) token broke above the $2.95 level to set a new all-time high, crypto analyst Tai Zen, who believes that $ADA can get as high as $20, said that the “magic” number is $5. According to data by TradingView, on crypto exchange Kraken, the $ADA price broke the $2.95 level for the first time.
Visa’s CryptoPunk Purchase Sparked Over 300 Sales
VISA revealed that it had purchased a CryptoPunks token today. The announcement spurred interest in the non-fungible token series from other investors as sales volumes surged. CryptoPunks also gained mainstream attention this year. The series is notable for being one of the first NFTs or “crypto-collectibles” on Ethereum(ETH), dating back to 2017.
Bitcoin Breakout Beyond $50K Brings Bull Market Fractal Back In View
Bitcoin’s (BTC) price is back above $50,000 and its return to the key resistance level has brought a potential bull market fractal back into focus. The bullish fractal in question suggests that another leg up in the crypto bull cycle is coming, matching the epic 2013 rally grand finale. Bitcoin price is back retesting $50,000 and while the level itself might be a clear phycological barrier.
Over 85,000 Merchants in Switzerland Now Accept Crypto Payments
A new collaboration between Worldline and Bitcoin Suisse enables crypto payments for over 85,000 across Switzerland. For now, payments are limited to bitcoin and ether. Worldline is a French payment and transactional service provider and Bitcoin Suisse is a crypto-financial services firm. Over 85,000 merchants in Switzerland now accept crypto payments. Switzerland is long understood as a haven for the crypto industry.
SafeMoon Holders Await SafeMoonWallet Launch Despite Lagging Token Price
SafeMoon is already a household name amongst Binance Smart Chain enthusiasts. Since its inception, the project has achieved a lot of things in the Decentralized Finance (DeFi) space. The latest is the imminent launch of the SafeMoonWallet. The protocol’s incoming innovation has seen a lot of hype despite the bearish state of its native SAFEMOON token.