The nodes of the blockchain were subjected to more than 135 million RPC requests.

Li stressed that the assault was extremely aggressive and timed.

In the midst of a successful token listing on various exchanges, Layer-2 blockchain driven by zero-knowledge proof Manta Network was hit by a distributed denial-of-service (DDoS) assault. 

According to Kenny Li, co-founder of P0xeidon Labs—the cryptographic team of developers behind Manta Network—the nodes of the blockchain were subjected to more than 135 million remote procedure call (RPC) requests on January 18th.

Extremely Aggressive and Timed

Although “the blockchain is running safely” and “funds are safe,” Li stressed that the assault was extremely aggressive and timed. Li further warned that there is currently a significant limitation on communication between applications and the blockchain.

Several exchanges, including KuCoin, Binance, and Bithumb, started trading Manta tokens on the same day. The Manta token is now trading at $2.16, down 4.56% in the last 24 hours as per data from CoinMarketCap.

Manta Pacific’s total value locked (TVL) increased 70 times in the last quarter, reaching $858 million, according to a Manta Network representative. Additionally, earlier this month, supporters and users of the ecosystem were informed about an airdrop that would provide them with 5% of Manta’s entire supply, which is worth around $112 million.A $25 million Series A investment round was reportedly completed by P0xeidon Labs earlier. Additionally, on September 12, 2023, the company launched Manta Pacific, the testnet for its layer-2 infrastructure. More than 3.5 million transactions and 150,000 wallets were created during the testnet debut in July 2023.

Highlighted Crypto News Today:

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AVAX's movements over the next 48 hours will be interesting to see because of a host of reasons.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Power Ledger is up 32.69% today against the US Dollar

POWR/BTC increased by 31.78% today

POWR/ETH increased by 32.06% today

Power Ledger is currently trading 1.99% below our prediction on Jan 11, 2024

Power Ledger gained 216.14% in the last month and is up 684.34% since 1 year ago

Power Ledger price $ 0.990277 Power Ledger prediction $ 0.970921 (13.83%) Sentiment Bullish Fear & Greed index 70 (Greed) Key support levels $ 0.615205, $ 0.494955, $ 0.423402 Key resistance levels $ 0.807007, $ 0.878561, $ 0.998810

POWR price is expected to rise by 13.83% in the next 5 days according to our Power Ledger price prediction

Power Ledger price today is trading at $ 0.990277 after gaining 32.69% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 47.21% in the same time period. POWR performed well against BTC today and recorded a 31.78% gain against the world’s largest cryptocurrency.

According to our Power Ledger price prediction, POWR is expected to reach a price of $ 0.970921 by Jan 11, 2024. This would represent a 13.83% price increase for POWR in the next 5 days.

POWR Price Prediction Chart

Buy/Sell Power Ledger

What has been going on with Power Ledger in the last 30 days

Power Ledger has been displaying a positive trend recently, as the coin gained 216.14% in the last 30-days. The medium-term trend for Power Ledger has been bullish, with POWR increasing by 527.75% in the last 3 months. The long-term picture for Power Ledger has been positive, as POWR is currently displaying a 684.34% 1-year price change. On this day last year, POWR was trading at $ 0.126257.

Power Ledger reached its all-time high price on Jan 04, 2018, when the price of POWR peaked at $ 2.16. The current POWR cycle high is $ 1.04, while the cycle low is at $ 0.031397. POWR has been displaying high volatility recently – the 1-month volatility of the coin is at 17.29. Power Ledger recorded 21 green days in the last 30 days.

Power Ledger technical analysis for today - Jan 06, 2024

The sentiment in the Power Ledger markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.615205, $ 0.494955 and $ 0.423402, while $ 0.807007, $ 0.878561 and $ 0.998810 are the key resistance levels.

Bullish sentiment for Power Ledger

29 indicators are currently signaling a bullish prediction for Power Ledger, while 5 indicators are showing a bearish forecast. With 85% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Power Ledger.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 70 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Power Ledger moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Power Ledger is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 0.513478 (BUY) $ 0.408260 (BUY) - - MA5 $ 0.453941 (BUY) $ 0.385121 (BUY) - - MA10 $ 0.414725 (BUY) $ 0.352435 (BUY) - - MA21 $ 0.395815 (BUY) $ 0.318397 (BUY) -$ 0.23 (BUY) $ 0.251565 (BUY) MA50 $ 0.343429 (BUY) $ 0.275561 (BUY) -$ 0.17 (BUY) $ 0.217850 (BUY) MA100 $ 0.272689 (BUY) $ 0.236666 (BUY) -$ 0.08 (BUY) $ 0.223698 (BUY) MA200 $ 0.208714 (BUY) $ 0.206648 (BUY) $ 0.056822 (BUY) $ 0.175263 (BUY)

Period Value Action RSI (14) 87.07 SELL Stoch RSI (14) 100.00 SELL Stochastic Fast (14) 94.62 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 47.02 BUY Awesome Oscillator (5, 34) 0.10 NEUTRAL Momentum (10) 0.34 NEUTRAL MACD (12, 26) 0.03 NEUTRAL Williams Percent Range (14) -5.38 SELL Ultimate Oscillator (7, 14, 28) 74.21 SELL VWMA (10) 0.64 BUY Hull Moving Average (9) 0.62 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 0.55 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Power Ledger is at 87.07, suggesting that POWR is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Power Ledger over the last 50 days. Currently, Power Ledger is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the POWR closing price for the last 200 days. POWR is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Power Ledger prediction

After considering the above factors, we can conclude that the current forecast for Power Ledger price prediction is Bullish. POWR would have to increase by 13.83% to hit our $ 0.970921 target within the next five days. Moving forward, it will be important to monitor the POWR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Power Ledger price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.