NAGAX Weekly Recap 11 July - 15 July
Several high-profile crypto events took place in the last week, including a phishing attack on Uniswap, the announcement of the French digital currency, and more. Here you will find the latest cryptocurrency news, updates, values, prices, and more related to Bitcoin, Altcoins, DeFi, and NFTs. 👇
Bitcoin price recovers above $20,000
The BTC price is now trading above the $20,000 level and testing the 100 hourly simple moving average. It seems to be facing resistance near the $20,350 level. On the upside, the price could resist near the $20,600 level. The next key resistance is near the $20,700 zone.
The 50% Fibonacci Retracement level of the downward move from the $22,499 swing high to $18,916 low is also near the $20,700 level. A close above the $20,700 resistance zone could set the pace for a decent increase 📈
The Banque de France 🇫🇷 has announced that it plans to create a wholesale digital asset by 2023
According to the Governor of the Banque de France, François Villeroy de Galhau, the French central bank wants a functioning wholesale central bank digital currency (CBDC) available to use as early as 2023. Tuesday saw Galhau announce that the bank had begun the second stage of its experimentation of a wholesale CBDC, which could be used to speed up domestic and international banking operations.
$ADA: number of smart contracts deployed on Cardano nears new milestone
The number of smart contracts deployed on the Cardano ($ADA) network is nearing a new milestone, as developers are increasingly working on the cryptocurrency as its ecosystem develops and its decentralized finance (DeFi) space grows.
According to data from Cardano Blockchain Insights, first reported on by Finbold, there are now a total of 2,90 Plutus-based smart contracts deployed to the cryptocurrency’s network, placing it within 100 smart contracts of the 3,000 milestone.
Axie Infinity shows new signs of life, despite still-falling NFT sales
The crypto-powered play-to-earn (P2E) game Axie Infinity (AXS) is again showing signs of life, after being hit hard by a price collapse in the NFT and P2E sectors in crypto. However, sales of NFTs for the game have still fallen significantly in May and June.
One sign that the worst might be over for the game is the price of the game’s AXS token, which recovered about 10% from its low of USD 11.80 on June 18. Since then, the token reached as high as USD 18.50 on June 25, before once again sliding in recent weeks.
Thanks for reading! Have a great weekend — more news next week! 😉