Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price The digital silver, Litecoin has been stuck under the $50-level for the past few days now, with its immediate resistance on the charts marked at $49.68. While the downward pressure in the...Read More
Stellar Lumens showed signs of beginning an uptrend and combined with Bitcoin’s refusal to dip beneath $10,000, this could be bullish for XLM. Cosmos on the other hand lacked momentum in either direction and appeared to be consolidating at an important retracement level. Crypto.com Coin spiked upward but was yet to show if could continue...Read More
Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial losses as the price of Bitcoin dipped below $10k momentarily. However, in the past few days, altcoins such as XRP, Cardano, and Ethereum Classic seem to be in...Read More
The cryptocurrency market has been lead by the largest digital asset – Bitcoin through a correction phase. As Bitcoin suffered a massive blow, the sentiment among the traders is predominantly fear. However, as the market saw the first wave of sell-offs, the sentiment fell by over 40 points and flipped to “fear”. Source: Alternative.me The...Read More
“To everyone. I F#$%ed up. And I am Sorry”- The anonymous creator of SushiSwap took to Twitter to address the community. Chef Nomi announced on Twitter today that he regretted his earlier actions which involved selling all his SUSHI for ETH which the SUHI community had feared was an exit scam strategy. He further published...Read More
In terms of sheer price action, this week was rather sloppy. Bitcoin was trading at around $10,400 seven days ago, and it’s now indecisive around $10,300. During the week, things did get slightly more tumultuous as BTC dipped below $10K on a few occasions, reaching as low as about $9,800 on Binance. Many thought that...Read More
Bitcoin’s dramatic value depreciation early in September had a profound effect on the rest of the crypto-market, with many of the industry’s altcoins following its lead to fall down on their charts. At press time Bitcoin is being traded for $10,293 and a $46.3 billion 24-hour trading volume. Source: CoinStats While the altcoin market has...Read More
For all the talk about an incoming altseason, the last few weeks have seen Bitcoin’s influence on the crypto-market become more and more apparent. Defying expectations, the world’s largest cryptocurrency fell incredibly on the charts, falling under $10K even.Soon, contrary to decoupling claims, most of the market’s alts followed suit, with many of them registering...Read More
The crypto-market has been going through some tough times lately. While many expected Bitcoin, the world’s largest cryptocurrency, to finally sustain a breach of $12k and climb on the charts, the opposite happened. BTC fell dramatically on the charts, and the rest of the altcoin market followed suit. The likes of Zcash, Binance Coin, and...Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Cryptocurrency exchange, Coinbase Pro announced today that it would list YFI, which is a token of decentralized finance (DeFi) platform, from 14 September onwards. Trading of YFI would begin from-15 September from 9 AM Pacific Time (PT) onwards, according to the release. Per Coinbase Pro’s trading rules, trading on YFI-USD order book is said to...Read More
CEO and founder of leading crypto exchange Binance, Changpeng Zhao (CZ) announced in ‘The World of DeFi’ broadcast that the exchange would offer $100 million worth of seed funding to developers who want to build on its smart contract-based blockchain platform, Binance Smart Chain. The panel discussion said that successful projects would be able to...Read More
With the digital asset market stabilizing on the charts to attain some recovery over the past week, Chainlink has been the one to lead this pack of altcoins. Recovering from a local bottom of $9.10, the crypto-asset has done well to briefly re-test the $13-mark over the past 12-hours. However, the appalling bearish pressure continues...Read More
Leading cryptocurrency exchange Coinbase Pro announced today that the exchange would begin accepting inbound transfers of Ethereum-based token, Loopring (LRC) from 14 September onwards. According to the release, Coinbase Pro users could avail support for the LRC token on all Coinbase’s supported jurisdictions, with the exception of New York State. LRC trading is said to...Read More
What’s the motivation behind purchasing an altcoin? For some, a specific altcoin is an entry into a different facet of the larger cryptocurrency space. While some offer exchange-related on and off-ramps, most altcoin buyers look to these coins with small market caps simply because they can double or even triple within a few days. This...Read More
Stellar Lumens [XLM] was one of the market’s few bullish coins, at the time of writing, with both BAT and DASH exhibiting a bearish bias due to the patterns formed on their charts. In light of the fact that Bitcoin has been tip-toeing the $10,000-level, we can expect many of the market’s cryptocurrencies, especially the...Read More
Tezos’s price and its short-term future were looking bleak, especially after the cryptocurrency’s price dropped below its 200 DMA on the 6-hour chart. In fact, this development pushed the price down from $3.53 to $2.53 over the past week. If this wasn’t enough, more may be on its way for Tezos. Tezos 6-hour chart Source:...Read More
After a month of upward volatility, the cryptocurrency market has been noting waves of corrections since the beginning of September. However, such corrections have also resulted in many prevailing trends in the cryptocurrencies market changing. XRP, the fourth-largest cryptocurrency in terms of market cap, has been shrinking in value. In fact, it recently tested its...Read More
Bitcoin’s price action seemed to have done the trick yet again, at the time of writing, with most of the market’s altcoins registering negative gains after incurring substantial losses over the past week. Bitcoin’s dip into the sub -$10k territory, despite a brief recovery, left its mark on the altcoin market, with cryptocurrencies like Polkadot,...Read More
Binance Coin, Tron, and Cosmos were some of the major altcoins that showed signals of an end to the bearish pressure. Much of the altcoin market continued to see red, as Bitcoin defended $10,000 and Ethereum oscillated between $330 and $360 range. Tron in particular could be swept upward to new highs as Sun Genesis...Read More
U.S blockchain venture capitalist Digital Currency Group (DCG), today announced the acquisition of the U.K-based cryptocurrency exchange and wallet Luno, and that the Group made ‘financial commitments’ to help Luno expand globally. The funds involved in the acquisition, though, were not disclosed according to the release. Luno, which has a customer base of five million...Read More
Bitcoin was able to defend the $10,000 level but the rest of the cryptocurrency market saw red as selling pressure hadn’t been completely exhausted. At press time the king coin was being traded at $10,192 with a 24-hour trading volume of $86.5 billion. Source: CoinStats Bitcoin SV exhibited a bearish pattern and could be poised...Read More
Cardano has been showing a lack of momentum in the market in the past couple of days, and it could continue as price consolidated between important levels of support and resistance. Ontology showed it might be ready to breach and hold the nearest level of resistance. Algorand also showed signs of neutrality as traders opted...Read More
In a recent announcement today, the widely-used stablecoin tether (USDt) will be launched on Solana, a high-speed blockchain network. This would be the first time a stablecoin has been integrated with Solana and this move will now allow tether holders to exchange their USDt stablecoins at speeds greater than 50,000 transactions per second on the...Read More
Leading cryptocurrency exchange Binance announced launch of Binance TR, its new subsidiary in Turkey which will allow fiat-to-crypto and crypto-to-crypto exchange for users in Turkey and allow them to trade crypto pairs like bitcoin (BTC), ether (ETH), tether (USDT), XRP and the exchange’s own Binance coin (BNB) and BUSD stablecoin. Introducing the new local exchange...Read More
Over the past 6-days, the collective digital assets industry has taken somewhat of a breather as the bears seemed to have reduced their pressure on the market. Yet, most of the altcoins are still steadily dropping. The bottom was created for Bitcoin and the rest, on 3rd September itself, however, after rallying back above immediate...Read More
A month after Binance Uganda, which is the Binance cryptocurrency exchange’s African wing, delisted ETH and LTC, it has now announced to delist the parent company’s very own native crypto, the Binance Coin (ticker: BNB). The move came after Binance Uganda periodically reviewed trading volume and liquidity of all its cryptocurrencies during which BNB coin did...Read More
Global financial services company, Mastercard launched a Central Bank Digital Currencies (CBDCs) virtual and custom ‘testing’ platform, for central banks to evaluate use cases of national digital currencies and even simulate a CBDC ecosystem, a release stated today. Moreover, Mastercard has called for global partnerships with central banks, commercial banks, and tech and advisory firms...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
Litecoin had a brief spike before being forced back beneath resistance. It is possible that Litecoin and Ontology will not move upward or downward by a large margin in the coming days as it looked to be in a phase of consolidation. Dash set its next level of resistance as a target, and might be able...Read More
