Ethereum Price Update
The Ethereum price dropped 4% in the last 24 hours, trading at $2,612 as of 3:40 a.m. EST. Trading volume increased by 5% to $15.9 billion during this period.
MetaMask and Mastercard Partnership
In a significant development, MetaMask, a popular decentralized finance wallet, has partnered with Mastercard and digital payments firm Baanx to launch a self-custody debit card pilot program. This program will initially be available to select users in the UK and EU.
If successful, the card will be rolled out to other regions over time. The card’s primary benefit is that it allows users to self-custody their funds until transactions are processed. During processing, digital assets will be converted into fiat for payments at retail outlets, online shopping, and more.
Lorenzo Santos, Senior Product Manager at ConsenSys, noted that users will need to hold their cryptocurrencies on the Linea network and use Linea to set spending limits on the card. Despite this innovation, the news did not prevent Ethereum’s price from declining, as the bearish trend continues in the crypto sector.
Ethereum Price Prediction
Ethereum’s price fell from over $2,750 to a support level at $2,600 in the last 24 hours, marking a loss of over $150. However, some technical indicators suggest that the situation might improve soon.
- Bollinger Bands: Ethereum’s Bollinger Bands are widening, and the price has returned to a neutral position between the upper and lower bands after a period of decline.
- Relative Strength Index (RSI): The RSI value has started to rise after reaching the oversold zone, indicating that the bearish trend might be ending and buying interest is increasing. If this trend continues, ETH could see the beginning of a new rally.
The RSI is approaching the neutral zone, and if bullish momentum strengthens, it could lead to a price surge. Thus, now might be a good time to consider buying ETH as it could be on the verge of a recovery.
Promising Alternatives to Ethereum
For traders wary of high volatility, alternatives like Mega Dice (DICE) present promising opportunities. Mega Dice is a new GameFi token on Solana’s network currently in presale and thus insulated from market volatility.
Launched by the Mega Dice crypto casino, this token aims to become the top GameFi token on Solana. The DICE token offers benefits such as:
- Daily rewards based on the casino’s performance
- Access to limited edition NFTs
- Early bird bonuses for ICO participants
The presale has already raised over $1.71 million, and the ICO remains open to investors. With a community of over 50,000 registered users and more than 10,000 monthly active users, demand for the token is expected to be high once it launches. Currently priced at $0.105266 per token, DICE can be purchased with SOL, ETH, or BNB. Crypto expert TodayTrader has even speculated that DICE could have 100x potential.
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