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
Dogecoin has been called “people’s crypto” by the “former CEO” of the project, Elon Musk. Tesla’s CEO, Musk was waiting for the launch of Falcon 9, after which he had a glance at his newly found interest in cryptocurrencies. Despite favoring and supporting Bitcoin in front of the community, DOGE has been Musk’s first introduction...Read More
It’s been a good few days for the market’s leading cryptocurrencies. Not only did Bitcoin, the world’s largest cryptocurrency, break out of its previous rangebound pattern, but Ethereum too has been registering new ATHs on the price charts. BTC and ETH’s performances had a ripple effect on the larger altcoin market, with cryptos like Binance...Read More
Months before the commencement of the bull run in December 2020, DeFi was receiving all the attention in the summer. Decentralized applications were building a new financial system on Ethereum, and the demand for block space on ETH was rapidly increasing. Soon, yield farming became a common term and the popularity of DeFi triggered further...Read More
The much-anticipated Mary hard fork will take place today on the Cardano testnet at 20:20:16 UTC, according to an announcement made by IOHK a few hours ago. Via the said announcement, IOHK also confirmed that the Goguen native token upgrade will take place at the next testnet epoch rollover, transforming Cardano into a multi-asset network....Read More
Litecoin steered clear of its 200-SMA, with a broader market rally likely to push the crypto’s price north of its $154.7-resistance level. NEO could move within a fixed channel over the next few sessions, especially since the trading volumes were subdued across the market. Finally, UNI’s consolidation phase could last for a few more sessions...Read More
DeFi’s market cap hit an all-time high in excess of $40 billion earlier today, with TVL in DeFi protocols touching $30 billion. Despite the $40 billion dollar market cap, however, many argue that it is still relatively early days for the DeFi space. The same was recently highlighted by the DeFi Alliance’s Qiao Wang. Kinda...Read More
Tron was trading within an ascending triangle at the time of writing, but the indicators did not favor a breakout over the next few trading sessions. Aave flashed bullish signals and looked to snap newer highs on the charts while COMP was projected to rise above record levels after a bullish divergence formed on the...Read More
If we entertain entities like Robinhood, Coinbase, and SushiSwap in the same bracket, it would hardly make sense to an average listener. After all, these are independent organizations running on their own accord. However, the concept of ripple effect is sound, and currently, something similar might be unraveling in the financial industry. Let us start...Read More
Despite many of the market’s altcoins registering gains on the price charts, cryptos such as Tezos, Ontology, and Verge exhibited some bearishness, at the time of writing. XTZ could shift towards the selling side if the price moves below the 20-SMA (light red). ONT presented the possibility of a southbound breakout, but the bulls could...Read More
Chainlink has been the center of attention lately, with the protocol in the news following a host of recent integrations and collaborations. It is in the news again after an official announcement revealed that Chainlink has officially joined UNESCO’s Global Education Coalition. According to the said announcement, the aim of this partnership is to “increase...Read More
With market leaders Bitcoin and Ethereum rising by 7.6% and 11.9%, respectively, at the time of writing, altcoins such as Bitcoin Cash, NEM, and DASH rode the bullish wave and recorded gains on the charts. However, BCH and NEM formed bearish divergences and were predicted to fall in the short-term, barring a further rally in...Read More
