Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Monero market like most altcoin markets remained largely unaffected by Bitcoin’s price activity yesterday, and despite a small drop it remained above its crucial support. Although there has been a development of a...Read More
The consolidating Bitcoin market was shaken out with one mention from Elon Musk on Friday. However, shortly after the 20% appreciation, the price turned around and fell almost to the pre-pump level. Despite the wild market movement, the on-chain metrics of BTC held strong. The Bitcoin network has been active and processing the second-largest transaction...Read More
Thanks to Bitcoin’s dominance and overwhelming market share, most altcoin movements are correlated to the fortunes of the world’s largest cryptocurrency. At press time Bitcoin was trading at $33,739 with a 24-hour trading volume of $82.8 billion. Source: CoinStats However, such correlations aren’t uniform or consistent, with the previous week providing evidence of the same....Read More
Chainlink traded close to the $22.24 support mark and flashed bearish signals at the time of writing. CRO moved below $0.06 support and the indicators suggested that it could topple yet another support level over the coming sessions. On the flip side, IOTA noted some bullish activity and looked to break above $0.51 resistance. Chainlink...Read More
Cardano’s price may have been weakened by capital outflows as the price moved southbound and close to $0.339 support while Dogecoin witnessed strong selling pressure as the price tumbled by over 40% in the past 24 hours. However, VeChain could move within its fixed channel if momentum fails to sway in either direction. Cardano [ADA]...Read More
Bitwise added AAVE and UNI to the Bitwise 10 Large Cap Crypto Index (BITX) that tracks the total return of the 10 largest crypto-assets, as measured and weighted by free-float market capitalization. These assets were added as part of Bitwise’s January month-end rebalance, in response to the growing demand for decentralized services. Bitwise CEO Hunter...Read More
The Chainlink network has been growing at a drastic speed and these developments have caused the price of its digital token, LINK to rise. The asset’s value had been marching higher and hit an all-time high in January 2021 at $27.64. The usability of the Chainlink network will add to the momentum in the market....Read More
The last 7 days have been very interesting, to say the least, for the crypto-market. While for most of the week the market seemed destined for more consolidation, Bitcoin bucked the trend after the Musk-driven hike yesterday. While the world’s largest cryptocurrency was back at square one at press time, it should be noted, however,...Read More
Chainlink recovered from the bearish divergence it exhibited a few days ago and rose back above a zone that was one of supply a week ago. Neo struggled to replicate this feat even though it had strong buyer interest behind it. Finally, Enjin retraced some gains from the past month. Chainlink [LINK] Source: LINK/USD on...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Tezos has been largely dormant in the markets since the month of September. While Etheruem’s surge past $1,000 in early January sparked some life into Tezos, it was still not enough for XTZ to...Read More
With Bitcoin continuing to consolidate between the $33,000 and $35,000 price levels at press time, there was a slight lack of bullish momentum in the crypto-market, when compared to previous weeks. However, the trend has not always been uniform across the altcoin market. In fact, over the past 24-hours, popular altcoins like Monero, SNX registered...Read More
Following US Securities Exchange Commission’s (SEC’s) allegations against Ripple Lab, the San Francisco-based firm has filed its answer to the Commission’s lawsuit in federal court. The response from Ripple and its executives Brad Garlinghouse and Chris Larsen called into question the complaint filed by SEC. Ripple and the co-founders claimed the allegations were an “unprecedented...Read More
Bitcoin’s price, over the past 24 hours, has been on a very topsy-turvy journey, with its sideways movement punctuated only by an unexpected Elon Musk-triggered hike on the charts. On the contrary, most of the market’s altcoins continue to trade in narrow channels. For coins like Tron, Aave, and Crypto.com Coin, such has been the...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin‘s price was forming lower highs on the charts, suggesting the end of an uptrend in the medium-to-long term. However, in this lower high set up, the price formed a bullish pattern. A bounce/close...Read More
Social media personality Mia Khalifa of OnlyFans fame has publicly endorsed Dogecoin. On 29 January, the celebrity took to Twitter to state that she invested in the popular “memecoin” and said: Okay I caved and bought the dog stocks lmaoooooo — Mia K. (@miakhalifa) January 29, 2021 When Khalifa published the Tweet, Dogecoin was trading...Read More
As GameStop GME stocks surged from $19.79 to a high of $380, in the past week, Hedge fund Melvin Capital and Citron Research lost billions due to the WSB short squeeze. However, this week has been about the Reddit community of day traders, WallStreetBets or WSB that undoubtedly, for better or for worse, made its...Read More
After recording a peak of $42k earlier in the month, Bitcoin‘s price fell on the charts, with its bullish momentum giving way to a period of corrections and consolidation, until Elon Musk inadvertently intervened with a Twitter bio update. On the contrary, Chainlink has surged lately, with the altcoin registering its ATH just a few...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The cryptocurrency market is bleeding once again, with the value of Bitcoin steadily depreciating over the last few trading sessions, at press time. Meanwhile, the closely-linked altcoin market has also been highlighting the change...Read More
Bitcoin Cash was trading within a descending channel as the market’s bears slowly forced the prices lower. STEEM saw a surge of about 34%, but retraced most of it within a matter of minutes, while Maker was in a phase of consolidation. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin Cash was trading within a...Read More
Stellar Lumens approached the upper boundary of its range with bullish momentum, but was rejected, and would need to rise above $0.33 to achieve a breakout. Augur formed a triangle pattern and could retest the $17.3-level once more before embarking on a strong move. Finally, VeChain appeared likely to lose a level of support at...Read More
Flare Networks is in the news today after it announced that it will integrate Dogecoin (DOGE) prior to the launch of its Mainnet. This development will allow Dogecoin to be used on Flare, along with scalable EVM-based smart contracts. Interestingly, Flare’s decision to integrate DOGE was based on the results of a community poll held...Read More
With the Mary hard fork around the corner, the Cardano blockchain will soon see some significant updates. These include token forging and a multi-asset ledger, both of which will pave the way for decentralized applications (DApps), native tokens, and DeFi use cases. This was the roadmap highlighted by the Cardano Foundation’s Elliot Hill in a...Read More
The crypto-market’s altcoins tend to follow Bitcoin and when the king coin registers price corrections, it is common to see altcoins also take a slight hit. Such has been the case of late as in the last 24 hours alone, cryptos such as Tezos, BAT, and Decred have endured spells of sideways movement on the...Read More
DeFi has seen a lot of growth and hype over the past year. 2020, in retrospect, had a lasting impact on the cryptocurrency ecosystem. It saw both historic lows and highs with regard to Bitcoin’s valuation, along with gargantuan growth for the DeFi space. In fact, according to data from DeFiPulse, DeFi’s total value locked...Read More
GameStop took over the Internet and stock market alike, as shares of the video game retailer surged over 400% this week and nearly 1,750% this year. Meanwhile, shares of AMC Entertainment ballooned 300% over the week. However, reports state that brokers have paused trading activity for GameStop, AMC Entertainment, BlackBerry, and Koss on 28 January....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano‘s price seemed bullish over the medium to longer timeframes. However, switching to a lower timeframe of 1-hour highlighted the opposite. Although ADA was stuck inside a bearish pattern, a bullish breakout can be...Read More
Tron seemed to be trading within a range and could prove to have some short-term bullish momentum if it rises above $0.0296. Algorand defended a region of demand from the market’s sellers, while Compound saw the strength of its uptrend wobble. Tron [TRX] Source: TRX/USDT on TradingView TRX has traded within the range of $0.0272...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The crypto-market has been in a state of consolidation for a while and many altcoin traders are moving to sell their digital assets across the board. Stellar Lumens [XLM] has been in a long,...Read More
EOS found strong support around $2.44, but this level was weakened due to multiple retests and could break over the coming days. Waves registered a short-term downtrend and faced resistance at $6.6, and support at $6. Finally, DASH defended the $94-zone over the past few days as selling pressure continued. EOS Source: EOS/USDT on TradingView...Read More
The Reddit community WallStreetBets’ drama with main street hedge funds has now permeated the cryptocurrency sector with Dogecoin’s price pumping by 90% in a matter of hours. This surge has contributed to DOGE nearing its old ATH on the charts. Dogecoin has been in mainstream media due to a host of reasons, some of which...Read More
