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This Is Why Ethereum (ETH) Risks Falling Below $3,000
Ethereum (ETH) is currently facing significant downward pressure, with its price declining by 3% over the past 24 hours. This bearish trend could push ETH’s price below the critical $3,000 price level. This analysis examines the factors contributing to this likelihood. Ethereum Sellers Re-Emerge An assessment of the ETH/USD one-day chart has revealed that the coin’s moving average convergence divergence (MACD) indicator is forming a potential death cross. As of this writing, the coin’s MACD line (blue) is attempting to fall below its signal line (orange). This indicator measures an asset’s price trends and momentum and identifies its potential buy...
Why Elon Musk Thinks Cryptocurrency is the Future
Elon Musk, the CEO of Tesla, SpaceX, and X, recently shared his thoughts on cryptocurrency after a long break from talking about it. Musk, who has been a big fan of crypto in the past, had stayed quiet about it for some time, but now he’s back with some interesting ideas on why he thinks cryptocurrency is so important. During a town hall discussion in Pittsburgh, Elon Musk spoke about the role of cryptocurrency in society. He wasn’t just talking about a specific type of crypto, like Bitcoin or XRP, but rather the overall idea of cryptocurrency. Musk believes that...
Rethinking Tax Reform Bills Be By Sanusi Maikudi
TAX By Sanusi Maikudi Premium Times’ editorial advocating for the tax reform bills demonstrates a commendable commitment to fiscal restructuring and economic sustainability. However, while the editorial raises valid points on the urgency of reforming Nigeria’s tax system, it does so with an oversimplified view of the contentious issues and the regional dynamics at play. A nuanced, balanced perspective is essential to adequately address the concerns raised by opposing stakeholders. Mischaracterizing Northern Resistance The editorial frames the opposition from Northern governors and lawmakers as primarily political and unfounded, dismissing their concerns as a reluctance to embrace progress. This oversimplification ignores...
