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
With a market capitalization of $2.713 billion, Monero has been pushed to the 21st rank on the CoinMarketCap list. However, the privacy-centric token has been witnessing its price moving like a wave hitting $146 and $158 price levels in the short-term. At the time of writing, XMR was valued at $152.16 and was looking like...Read More
Binance Coin reversed its dip and looked set on retesting $75.5 once more. Cosmos showed the beginning of a bearish divergence as it climbed toward its target of $15.84, and Dogecoin showed a buy signal as it rose toward $0.08 once more. Binance Coin [BNB] Source: BNB/USDT on TradingView On the 1-hour chart, BNB formed...Read More
ADA countered bearish predictions over the past 24=hours and climbed to the fourth position in the crypto rankings on the back of buying pressure. Tezos might need an external boost to surpass its $3.5 local high while DOGE climbed to another record level. Cardano [ADA] Source: ADA/USD, TradingView Cardano invalidated any bearish indications to its...Read More
Amid an extremely bullish crypto market, Binance coin [BNB] has hit a new all-time high at $77.9 according to the price charts. The cryptocurrency has been seeing its value spike since the beginning of the year. BNB was in the uncharted territory like many other altcoins, however, rising selling pressure could push it to the...Read More
LINK moved within a descending channel and the direction of a potential breakout was not clear at the time of writing. ATOM projected more upside moving forward as the indicators flashed bullish signals while ZEC moved within a fixed channel and awaited further cues from the broader market. Chainlink [LINK] Source: LINK/USD, TradingView Chainlink lost...Read More
With a market cap of $18.29 billion, Polkadot was inching closer to flip XRP in terms of market cap. XRP has already slipped to the fifth position in the crypto market as Cardano [ADA] overtook its market cap, and it appeared that Polkadot could be the next project to push through XRP’s market cap. Meanwhile,...Read More
The explosive growth of DeFi assets was for all to witness back in Summer 2020, and the narrative is picking traction yet again. Back in 2020, Yearn Finance or YFI was leading the rally but now other assets are picking up popularity points as well. However, the trend might be shifting towards a collective exposure...Read More
Litecoin’s price recovered after a minor correction but a break above $158 was doubtful as trading volumes were on the lower side. FTT moved southbound from its all-time high but flashed bullish signals that could see the price rise to record levels once again. ALGO moved above $0.84 resistance but some additional bullish impetus would...Read More
Who would have thought that DOGE would see the hike we witnessed in the past seven days? The joke coin meant to make fun of the crypto economy was trading at $0.04 with a 4.7% hike in the last hour. The surge could be due to Elon Musk shilling DOGE today. Doge — Elon Musk...Read More
Open source DeFi Protocol’s Aave token (AAVE) reached a new all-time high of $520 with a 45.5% surge in price in the past 24 hours. In the last seven days, the DeFi token saw a 76% spike in price. Source: Trading View AAVE, which is the 15th largest coin by market cap, increased to the...Read More
Thanks to the correlation it shares with Bitcoin and Ethereum, most of the altcoin market surged on the charts this week. Monero, Ethereum Classic, and VeChain were among the cryptos to hike, with the general performance of the market fueling more expectations of an altcoin rally. Monero [XMR] Source: XMR/USD on TradingView Monero, the market’s...Read More
Scammers are targeting Discord users on crypto-focused servers, through private messages that appear to come from fake exchanges that are giving away Bitcoin and Ether. A new report from Kaspersky stated that the perpetrators even went to great lengths to make the fake site appear as convincing as possible. The message contains a link that...Read More
Polkadot broke out past a range it was trading in over the past few weeks and targeted the $23.6 mark. Synthetix dipped to find support at $16.6 and climbed higher, while Uniswap showed a bearish divergence across multiple timeframes after its strong performance since November. Polkadot [DOT] Source: DOT/USDT on TradingView Polkadot was trading within...Read More
To best understand the crypto-space, it is also important to understand the notion of competition that drives it. Like the emergence of “Ethereum Killers” over the past few years, the DeFi space too is seeing protocols and projects going head to head, trying to one-up each other. Uniswap, one of the pioneers of the Automated...Read More
The collective crypto narrative is bullish at the moment. Ethereum registered a new all-time high above $1600 over the past 24-hours, and Bitcoin surged above $38,000 again. While Chainlink attested a high of $26 as well, it registered a floor price of $22.74 within the next 24-hours. While present valuation was solid at the moment,...Read More
Ethereum surged past the $1450 level of resistance that held it back over the past few weeks and looked strongly bullish on the charts. Elrond regained some steam to push onward and climb higher while Dash sought to defend an important level of support from short-term selling pressure. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum...Read More
On the back of Bitcoin and Ethereum’s performances since the 28th of January, the altcoin market has surged. Bitcoin is currently trading at $37,641 with a 24-hour trading volume of $43 billion. Source: CoinStats For the markets altcoins, the surge was not uniform in any way, the likes of Chainlink, Cosmos, and Zcash have all...Read More
Although Bitcoin’s volatility fluctuates, the altcoin market has been witnessing its individual rally. Cardano [ADA] has been one such altcoin witnessing its price rise almost throughout January 2021. At the time of writing, ADA was being traded at $0.4322, while its market capitalization remained high at $3.64 billion, as per CoinMarketCap’s list. Cardano 1-day chart...Read More
With over $32 billion of total value now locked into DeFi protocols, it is a well-established fact that 2020 has been the year of DeFi and this trajectory is only expected to continue into 2021. Maker accounts for 18% of this TVL and still remains the most actively developed DeFi protocol. However, those numbers are...Read More
