While Bitcoin is surging like there’s no tomorrow, altcoins are doing nothing but bleed. Going by the popular adage “Buy when there’s blood on the streets,” let’s look for an investment opportunity in altcoins since they have been dropping since Bitcoin started its rally. For the purpose of the same, let’s determine if the market’s...Read More
DeFi protocol Curve Finance, a decentralized exchange liquidity pool on Ethereum, is in the news today after it announced the introduction of an $ETH/$SETH pool on the platform. Finally we have a $ETH / $SETH pool! Ethereum is so good that you only may want to swap it to Ethereum.https://t.co/2fuCc9biNx pic.twitter.com/poj3NtDLmt — Curve Finance (@CurveFinance)...Read More
Chainlink registered short-term bearishness and was headed towards its level of support at $12.65 once more. Ontology bounced off the $0.54-level of support while Decred was trading in a region where a break to either direction could decide the direction of the next move for the crypto-asset. Chainlink [LINK] Source: LINK/USD on TradingView LINK broke...Read More
Following news of the partnership with Wolfram Alpha, Cardano Founder Charles Hoskinson has revealed that Cardano will be giving developers the freedom to choose and customize their own Oracle solutions soon. The Oracle Access Layer will offer a rich oracle query experience, according to Hoskinson, and it will allow developers to choose from several sources...Read More
Litecoin shot upwards and sailed past the $100-level of resistance while Waves faced strong selling pressure and ceded a level of support to the market’s bears after it lost nearly 18% of its value within a span of five days. Finally, FTX Token exhibited a bearish divergence on the charts and it could see a...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With Bitcoin SV, the trend has been neither bullish nor bearish over the past few weeks. Whenever the market has rallied higher, its range limits have been $200-$220, while a decline would allow the...Read More
Bitcoin’s dominance continued to rise and stood at 67.13%, at the time of writing. While some large-cap altcoins stagnated, others surged on the charts. Bitcoin Cash posted strong gains over the past few days and some consolidation around $374 could be seen too. Cosmos bounced off the $5-level and was likely to bump into the...Read More
Tron dipped as far south as $0.027 two weeks ago, but it has recovered since after posting steady gains as the market’s bulls reclaimed the important $0.03-level from the market’s bears. Aave faced a ceiling around the $94-mark and VeChain formed an ascending triangle pattern that could see a bullish breakout. Tron [TRX] Source: TRX/USDT...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Litecoin supporters still value it, which is the only reason it is still around. Apart from being considered as the silver to Bitcoin’s gold and having cheaper, faster transactions, it doesn’t seem to be...Read More
Monero traded within a range over the past week and while it lacked momentum in the short-term, its long-term outlook remained strongly bullish. Polkadot formed a bullish reversal pattern, one that could break out to see the price move towards $5.8, while Compound treaded water above the $152-support level to denote a phase of consolidation....Read More
Bitcoin SV rocketed past a crucial retracement level, but it recorded some underwhelming trading volume when doing so. Basic Attention Token was on a strong uptrend, one that could take it past the $0.27-resistance level in the coming days, while OKB noted a possible lack of buyers’ conviction, despite its recent gains. Bitcoin SV [BSV]...Read More
Stellar Lumens was in a consolidation phase after its strong performance in November. In the short-term, it lacked any momentum and the $0.172-level of support can be expected to hold. Synthetix’s charts noted a bearish divergence, but the bulls could be back in control after a minor dip. Nano retraced some gains from late-November and...Read More
Earlier today, the Filecoin network was brought to a halt due to a bug, one which led to most nodes being stuck at height 336459 with mismatched state compute errors due to indeterminate behavior. The bug in question was quickly identified, however, with the team able to get the network back and running in just...Read More
The altcoin market did not move as a unit. In fact, while some large-cap coins such as Litecoin saw huge gains and EOS, NEM registered strong performances across the board, Zcash underlined short-term bearishness. EOS Source: EOS/USDT on TradingView EOS formed a falling wedge, one that broke out above the $3-level of resistance, and at the...Read More
The market is hot with cryptos’ prices going through the roof, with hardly any altcoins having a very rough time in the market recently. Chainlink’s native token, LINK, has also boomed with growth, despite its inconsistencies. In fact, LINK was returning 667% to its investors year-to-date. Although the price of the digital asset seemed to...Read More
Ethereum clocked in a new price high for the year on the 17th of December, surging to $676 on the price charts. Soon after the new ATH was attained, however, the CME Group revealed a very important addition to its platform. According to an official announcement, the CME Group will be adding Ether Futures to...Read More
The past week saw Bitcoin come close to $24,000 as it shattered previous resistance levels and registered a new ATH on the charts. Such bullish momentum has translated well for the altcoin market, thanks to its high correlation with the world’s largest and most dominant cryptocurrency. Popular altcoins like Binance Coin, Dash, and Augur all...Read More
With the world of decentralized finance [DeFi] becoming an important part of the crypto-ecosystem, many projects from the field are gaining a lot of attention lately. Chainlink’s decentralized oracle network has been one of the most popular projects in the world of DeFi. Adding to this popularity, Bounce Finance, a decentralized auction protocol, has just...Read More
The cryptocurrency market seemed to rally alongside Bitcoin. However, once the cryptocurrency hit an ATH on the charts, it retraced, and so did the remaining altcoins in the market. Bitcoin’s latest price drop also pushed many into a consolidating zone and as the price moved sideways, the trend appeared to be changing on the charts....Read More
Cardano is in the news today after Founder Charles Hoskinson announced that Cardano has launched an Ethereum Virtual Machine (EVM) developer net. Alright, the EVM DevNet is up: https://t.co/fp4iKJvRnZ start writing smart contracts on Cardano. I want to see what you all come up with. I’ll retweet projects — Charles Hoskinson (@IOHK_Charles) December 17, 2020...Read More
Bitcoin’s recent performance on the price charts had a corresponding effect on the rest of the crypto-market. Many of the market’s alts, including the likes of EOS, Ethereum Classic, and Zcash, surged as BTC climbed to breach one resistance level after another. However, such correlation also had the opposite effect, something evidenced by the fact...Read More
According to a new report, Coinbase has approached investment banking company, Goldman Sachs, to manage its IPO. Just yesterday Coinbase had said that it had “confidentially submitted” a draft registration statement with the United States Securities and Exchange Commission. The crypto company expected the draft of the “Form S-1” to become effective after the SEC...Read More
In a recent interview, Mizuho Securities analyst, Dan Dolev said that nearly 20% of PayPal users have started trading Bitcoin using the payment giant’s latest services. The Japanese investment banking firm surveyed about 400 PayPal users and found that 50% of them reported increased engagement with PayPal’s new bitcoin services. According to this survey, bitcoin...Read More
Alongside Bitcoin reaching a new all-time high above $20k, Ethereum continued to gain a new high valuation for 2020. Ethereum crossed its previous local top at $637, registering a new high at $676. While at press time, it was down to $644, there is a sense of optimism regarding a possible move upwards. Ethereum 4-hour...Read More
Ever since the DeFi craze kicked-off this summer, the ecosystem has only grown in size with more protocols expanding their use cases, and even some interesting mergers aimed to make the space more interoperable. A particularly popular segment of DeFi is its lending protocols that have captured a significant part of the market. However, currently...Read More
Bitcoin’s market dominance was on display over the past 10 days after the larger crypto-market rallied on the back of BTC’s performance on the price charts. Thanks to the high correlation most of the market’s alts share with BTC, the former, by and large, pumped. Despite some degree of corrections setting in, at the time...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The performance of Binance Coin has been impressive for its investors as it was returning around 97% year-to-date. Along with the value of Bitcoin reaching new highs, BNB has been witnessing a sharp rise...Read More
Tornado.Cash announced the launch of a new governance proposal wherein users will gain governance rights through the TORN Token. The Torn token is an ERC-20 compatible token with a fixed supply that governs Tornado.Cash. TORN holders can make proposals and vote to change the protocol via governance. However, the protocol stated that TORN is not...Read More
These are bullish times for the cryptocurrency market. Not only is Bitcoin, the world’s largest cryptocurrency, breaching new ATHs by the day, but the altcoin market is reciprocating as well, with the market’s top alts all recording significant gains on the charts. Cardano, IOTA, and DigiByte were few of the alts to note a price...Read More
Global trade finance bank, Euro Exim is working with Ripple to connect banks, payment providers, and digital asset exchanges via RippleNet. Euro Exim is a class A International Banking Financial institution incorporated under the revised laws of St. Lucia, which authorizes it to conduct business with third parties across industries worldwide. The bank has implemented...Read More
