Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink’s price has been on the rise since the start of the week. In fact, this has been the trend across the larger crypto-market lately, especially on the heels of Bitcoin’s bull run. Interestingly,...Read More
Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares. The proposal to introduce sTSLA, or SIP110, was put into motion on 10 February, with the proposal passed successfully after a unanimous vote by Synthetix’s The Spartan Council....Read More
Cardano registered a bearish divergence on the charts, but the market sentiment had not shifted to the bearish side, at press time, with a pullback still unlikely for ADA. On the contrary, Waves broke out of its triangle pattern and targeted the $11-mark. Cardano [ADA] Source: ADA/USDT on TradingView The momentum indicator (RSI) made lower...Read More
Tron surged to $0.05 and retraced some of its gains on the charts while Ontology breached the $1-mark, a level it hadn’t visited since February last year. Finally, SUSHI‘s charts registered short-term bearish pressure as it was unable to convincingly assail the $15.8-level of resistance. Tron [TRX] Source: TRX/USDT on TradingView The breakout past the...Read More
Binance Coin surged to $148, following which, it registered a pullback to $120. In fact, it was in a phase of consolidation above the 23.6% retracement level at $121, as was Maker. In the short-term, both coins can be expected to trade sideways. Finally, NEM was moving with bullish strength towards its level of resistance...Read More
In an effort to enter emerging markets, Amazon Inc. appears to be readying to deploy a new payments system involving “Digital and Emerging Payments (DEP)”. The project has yet to be officially announced, but Amazon has hinted at it across a series of recent job posts. “We are looking for a leader to help us...Read More
In a new addition to its perpetual contracts, Bitfinex made news today with the launch of its new contracts for cryptocurrencies paired with Bitcoin such as Litecoin/Bitcoin (LTCF0:BTCF0) and Polkadot/Bitcoin (DOTF0:BTCF0). According to the Bitfinex website, transactions in the perpetual contract and funding payments will be settled exclusively using Bitcoin, as it is typically done...Read More
Binance Coin has been on its most significant bull rally to date since the turn of February 2021. From a base price of ~$43, BNB, at the time of writing, was priced at $126. In fact, for a brief while, BNB was up by 241%, even clocking in a high of $149.76. In the past...Read More
EOS, at press time, had risen to its highest point in nearly a year, but flashed bearish signals on the charts too. AAVE broke above its ascending triangle and awaited confirmation over the next few trading sessions. Finally, Uniswap seemed to be trading at record levels, with the RSI pointing towards a saturated market. EOS...Read More
After recording yet another ATH on the charts, one well beyond $1,800, Ethereum currently has its eyes set on the $2,000-mark. While quite a few of its on-chain metrics are flashing positive signs, other noticeable concerns are creeping up as well. The culprit here, according to many, is a familiar foe (fee*). Source: Coinstats Ethereum...Read More
At the time of writing, XRP was projected to maintain its ascension as buying activity picked up on the charts. On the other hand, Algorand moved lower after a bearish marubozu candlestick formed on its 4-hour chart. Finally, Zcash was tipped to flip the $125.6-resistance on the back of strong bullish signals. XRP Source: XRP/USD,...Read More
SingularityNET, a decentralized platform for AI apps, is in the news today after its most significant democratic vote came to an end, with CEO Dr. Ben Goertzel announcing the results on YouTube. The aforementioned vote took place after a phase two proposal was put forth to the AGI token holding community to determine a number...Read More
Binance, arguably the world’s biggest crypto-exchange, has often made headlines for the host of regular developments in its ecosystem. It is in the news again today after the exchange announced that it has launched staking services for two more tokens, Cardano [ADA] and Cosmos [ATOM]. #Binance Staking Launches $ADA @Cardano and $ATOM @cosmos Staking with...Read More
Monero rose north of the 200-SMA on the price charts and projected a bullish trend, but stronger cues were needed to support a move above its most recent local high. IOTA and DCR flashed bearish signals at the time of writing, with both expected to move lower towards their respective support levels in the short-term....Read More
Litecoin was not too far away from the $200-level, with LTC projected to surge above that mark over the next few trading sessions. Further down the crypto-ladder, Synthetix and VeChain underlined the strength in the broader market as the altcoins traded at record levels, at press time. However, there were chances of a bearish pullback...Read More
Yearn.Finance team has opened a Maker vault with native tokens YFI from the treasury. The team said on 9 February on Twitter that Yearn has also minted 9.7 million DAI tokens from the vault, thus restoring the yDAI vault and allowing the DeFi project to repay victims. In the wake of Yearn.finance’s recent hack, project...Read More
Cardano seemed poised for a correction on the price charts, at press time, with its indicators flashing red signals moving forward. NEO was on track to rise above the $30-mark on the back of a bullish broader market. Finally, DOGE’s indicators pointed to a reversal, but uncertainty clouded its future direction. Cardano [ADA] Source: ADA/USD,...Read More
Tron [TRX] surged to levels last seen in June 2018, with the crypto projected to maintain its trajectory over the next few trading sessions. REP overturned the $24-resistance level, but it was uncertain whether the bulls could hold on to the price level. Finally, ATOM formed a bearish crossover on the MACD and was predicted...Read More
Chairman of French regulator Autorité des Marchés Financiers has proposed that authorities must find a new approach to crypto regulations in order to guarantee a level playing field in the EU. During the 5th Annual Conference on FinTech and Regulation, the official, Robert Ophèle believed that European Securities and Markets Authority (ESMA) would be the...Read More
Binance Coin snapped up another all-time high recently, with the exchange token tipped to continue on its upward trajectory in the short-term. WAVES looked primed to rise above $10 as the bullish momentum looked strong on the charts. Finally, CRO was set to overturn its bearish market, with the price overhauling its 200-SMA. Binance Coin...Read More
Despite market leaders Bitcoin and Ethereum valued at historical levels at the time of writing, altcoins such as NEM and Maker moved on their own accord, while trading in the red zone. On the contrary, BSV rose on the back of bullish cues from the broader market, but it remained uncertain whether it would be...Read More
According to a document dated 4 February, Binance Holdings Limited issued a notice of its “voluntary dismissal” of the suit against Forbes and the journalists, Michael del Castillo and Jason Brett. Last year in November, the leading crypto exchange filed a defamation suit against media company Forbes Media LLC at a District Court in New...Read More
Cardano had shown a bull flag pattern on the shorter timeframes and broken out, but reversed before nearing its projected target. VeChain attempted repeatedly to climb above $0.03, and Algorand was making extraordinary gains. Cardano [ADA] Source: ADA/USDT on TradingView The bull flag projected a target of $0.75 for ADA, with the highlighted region expected...Read More
BCH moved below its 200-SMA once again but the bulls were likely to overturn the bearish market moving forward. XTZ projected an upside at $3.42 after the indicators flashed bullish signals and BAT could rise above its August 2020 levels if the price moves north of $0.427. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin Cash...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum formed an ascending triangle pattern on the charts but faced some resistance at the $1760 mark. While high gas fees are a blow to decentralized exchanges, they could also persuade users to turn...Read More
Chainlink found stubborn resistance in the $24.8-$25.8 region. Aave was forced to pullback at $540 but approached it with bullish momentum once more while Elrond shot upwards on the charts without enduring a price correction. Chainlink [LINK] Source: LINK/USD on TradingView Chainlink faced a region of supply at $24.8-$25.8. LINK briefly move above $26 but...Read More
XRP projected rangebound movement as the dust settled in its market following a period of high volatility. XMR moved within a horizontal channel and the breakout did not seem imminent over the next few sessions. IOTA could depend on a broader market rally to climb above its local high. XRP Source: XRP/USD, TradingView XRP continued...Read More
The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. The situation is vastly different from 2019 as the current bill also includes the possible development of a Central Bank Digital Currency supported by the Reserve Bank of India (RBI). With a...Read More
The CME Group has opened its doors to its much-anticipated Ethereum futures after the ETH futures contract went live at 6 p.m ET on February 8th for its first trade. According to the website, the futures opened at $1604, and the real-time index was currently around $1648. Source: CoinStats The CME futures are cash-settled and...Read More
The bull market is beginning and most altcoins broke past levels of resistance that had countered their rise in the past. Litecoin was trading within a range and looked likely to drop beneath $150, while FTX Token and Decred were bullish on the price charts. Litecoin [LTC] Source: LTC/USD on TradingView The longer-term range for...Read More
