October 31, 2020

Crypto.com Coin, Maker, Ethereum Classic Price Analysis: 31 October

Bitcoin surged to $13,950 at the time of writing. There was no overhead resistance for Bitcoin past $14k, till ATH near $20k. While this euphoric development, there is a possibility that BTC experiences a correction in the coming days. Source: CoinStats Ethereum Classic was trending lower in the short-term but still exhibited good interest from...
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Only 8% Of All Examined Decentralized Exchanges Are Safe: Report

Decentralized finance exploded in popularity this year and especially during and after the summer. Apart from numerous DeFi-oriented protocols, the cryptocurrency space saw the emergence of multiple new decentralized exchanges. The sharp increase in demand led to rapid project developments and impressive volume growth. However, the speed compromised user security on some occasions. Consequently, the...
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DAI’s growth is crucial to DeFi, here’s why

The stablecoins sector has been working behind the scenes and has been witnessing great growth in 2020. Even though Tether was at the top spot in terms of its supply, DAI and USDC were catching up. DAI, a community-driven experiment has acquired a similar share of transaction count as its counterpart, USDC. USDC, a regulated...
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Ethereum, Stellar Lumens, Basic Attention Token Price Analysis: 31 October

On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains. While the price recovery in Ethereum...
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Institutions are Bitcoin’s latest hodlers, here’s why

The crypto market has seen an uptick in Institutional Investment of late and following the announcement of these large purchases by more firms, the market has rallied as anticipated. There is much speculation as to which firm will be the next to buy Bitcoin, but the real question is how many institutions are now accumulating...
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Litecoin, Zcash, BitTorrent Price Analysis: 31 October

After a hint of price stabilization along its key support levels on the price charts, all three alts – Litecoin, Zcash, and BitTorrent, at the time of writing, were once again starting to record noticeable gains. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin’s prices were noting a strong buying momentum as it rose above its...
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Bitcoin Cash, Tezos, Dogecoin Price Analysis: 31 October

At the time of writing, Bitcoin Cash witnessed a rise in its selling pressure as the digital asset’s bearishness hinted towards a downward price action for the short-term period. Dogecoin too, was bearish on its trading chart and could break into a horizontal price movement once again as the day progresses. While the Tezos market...
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Can Bitcoin sway gold’s investors in its favor?

Bitcoin’s recent move above $13.5k has flipped the “Bitcoin Gold Narrative”. From Bitcoin as a store of value, the narrative has moved to Bitcoin as a safe haven. The primary reason why gold is the preferred alternative investment globally is it has been around for a few thousand years and it helps investors in reducing...
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EOS, Aave, Synthetix Network Price Analysis: 31 October

Crypto Fear and Greed Index showed greedy market sentiment with a value of 73 even as many altcoins posted losses. Bitcoin surged to $13,700 at the time of writing. EOS broke strongly southward while Aave also faced strong rejection at a level of resistance. Both assets could be poised for further losses in the coming...
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Chainlink, Monero, Digibyte Price Analysis: 31 October

The overall bullishness in the crypto-market seemed to be picking up once again, with the rest of the digital assets mirroring Bitcoin’s recent gains over the last 24 hours. Chainlink and Monero, were up by 3% percent since yesterday, with Chainlink maintaining a bullish momentum at press time, while technical indicators for Monero remained neutral....
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Bitcoin and DeFi Rally Led Crypto Hedge Funds To Log More Than 100% Gains in 2020

Owning to the Bitcoin and the aggregated cryptocurrency market’s recent roaring rally, BTC, and crypto hedge funds have reportedly registered profits upwards of the 100 percent mark. This comes amid the rising sentiment of sidestepping banks to avail quick loans through digital assets. What does this say about the cryptocurrency industry? Bitcoin And Cryptocurrency Hedge...
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Why we can’t rule out Bitmex from the Bitcoin game just yet

For BitMEX, it hasn’t been the best of years from a popularity perspective. First, it faced massive criticism during the March 13th crash, when traders lost money due to an alleged DDOS attack, and recently Arthur Hayes, CEO of the exchange faced charges over violation of anti-money laundering policies. It hasn’t been smooth sailing and...
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When you buy Bitcoin, what should you look at? (Part 1)

When should you buy Bitcoin? The default answer to that should be every day, irrespective of the price, as the simple dollar-cost average (DCA) strategy goes. But, lets be honest, nobody really does that? Why? Because its too simple. Instead, people look at a host of different technical, on-chain and macro-economic indicators. Bitcoin, due to...
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Orbit to use Ethereum blockchain to buy and sell solar power

Orbit, a new commercialized renewable energy company, announced that it will use the Ethereum blockchain to allow everyday people to get involved in buying and selling solar power. According to reports, special ORBT tokens will be distributed and used to make these purchases and sales. Given the fact that the transactions will take place utilizing...
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Bitcoin Price Hits New 1000-Day High, New Bull Cycle Inbound?

Bitcoin price has broken over $14,100 for the first time since January 15, 2018 – a staggering 1,020 days ago. The move has coincided with the 12-year anniversary of the first release of the Bitcoin whitepaper and $7 billion flooding back into the market during the start of the US trading session. Is this the...
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Cardano, Algorand, Compound Price Analysis: 31 October

Ethereum, the biggest of the altcoins, dropped beneath $400 and could signal further, marketwide losses while Bitcoin stayed well above $13,000. Cardano exhibited a bullish divergence, however, bearish momentum held sway and only a bounce can be expected before a move to the downside. Algorand was in a short-term rally that was likely to fade...
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Is the rise in Bitcoin TXN fee by 540% a cause for concern?

Bitcoin fees are soaring again, reaching a level of $12.71 as of yesterday. The recent spike in fees has been particularly steep over the past few days, with the current level reflecting a 540.3% increase. Source: Ycharts Average fees can spike when there is congestion in the network, which currently seems to be the case. Unconfirmed...
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Crypto Market Cap Gains $15 Billion as Bitcoin Price Touches $14,100 (Market Watch)

Bitcoin’s roller-coaster continued in the past 24 hours with significant fluctuations resulting in a few $500 moves and it finally breaking the previous 2019 high. The altcoins have taken a breather with some green charted, and the market capitalization has increased by around $15 billion. Bitcoin Goes On A Wild 24H Ride It’s safe to...
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Bitcoin SV, Filecoin, Ontology Price Analysis: 31 October

Bitcoin defended $13,200 and was trading at $13,486 at the time of writing. The situation for altcoins was decidedly less bullish as most of the rest of the market saw losses and could have further downward to go. Bitcoin SV did not drop below $160 and could hint at recovery if it continued to hold...
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Shopping.io: Bringing Crypto-Shopping experience on Popular E-commerce sites!

Cryptocurrencies such as Bitcoin and others are compared to the traditional asset class to such an extent, that many tend to forget its functionality as digital currencies. While a customer will not be able to order anything on an e-commerce site using Gold or a Tesla stock, Bitcoin and other digital assets can be utilized...
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BREAKING: Bitcoin Just Broke To Its Highest Price Since Jan-2018

Bitcoin is having a good year despite the coronavirus panics and the nervousness of the markets. After reaching an annual high of about $13863 on Oct. 28, the world’s largest cryptocurrency by market capitalization underwent a sharp correction of almost $1000 before rebounding and stabilizing at $13281. From that point on, it began a stable...
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XRP short-term Price Analysis: 31 October

Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the XRP short-term market and its impact on the price. As the Bitcoin market moved between some tough resistances and support over the past few days and given the strong correlations with the altcoins, XRP, the third-largest crypto has been noting...
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Polkadot, Tron, FTX Token Price Analysis: 31 October

Bitcoin Dominance rose to 63.7% and Bitcoin was trading at $13,501 at press time. The altcoin market saw losses, with giants such as Ethereum also registering losses as it closed beneath $400. This could be explained by interest shifting from altcoins to Bitcoin, causing sell pressure on altcoins and buy pressure on BTC. Polkadot and...
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Bitcoin (BTC) $ 97,959.25 4.54%
Ethereum (ETH) $ 3,145.16 1.14%
Tether (USDT) $ 1.00 0.20%
Solana (SOL) $ 241.19 1.32%
BNB (BNB) $ 609.14 0.90%
XRP (XRP) $ 1.11 1.57%
Dogecoin (DOGE) $ 0.382562 2.04%
USDC (USDC) $ 0.999889 0.14%
Lido Staked Ether (STETH) $ 3,147.87 1.35%
Cardano (ADA) $ 0.787312 5.07%