Disclaimer: The following price prediction should not be taken as investment advice as it is the sole opinion of the writer. The prediction should materialize in the next 24-hours. Just like the rest of the industry, XRP was able to take advantage of the bullish comeback for the major altcoins. Dropping down below $0.26 on...Read More
Ethereum has been a hotbed for emerging crypto projects like DeFi and yield farming. However, Vitalik Buterin seems to think that forking Maker is the best idea going forward. Maker was one of its kind when launched during the mania of 2017 and turned the game sideways. Maker’s governance protocols allowed people to vote to...Read More
The cryptocurrency market rallied for the better part of August but began to move sideways as the month came to an end. This resulted in the price of many altcoins stabilizing and even shrinking a little. Bitcoin, the largest cryptocurrency has been also witnessing a similar trend and at press time, was valued at $11,799....Read More
Bitcoin Dominance dipped to 59.7 as Ethereum surged to $444. Bitcoin Cash showed signs of continued bearishness. Zcash could be gearing up to flip a resistance to support. Algorand was trading at a level that buyers and sellers were evenly matched at. Bitcoin Cash [BCH] Source: BCH/USD on TradingView BCH showed continued bearishness. It has...Read More
Canaan Inc, a leading Chinese Bitcoin mining hardware manufacturer published its unaudited second quarter (2020) financial results. As per the report, the company’s gross profit increased year over year and quarter over quarter, but Canaan still suffered a net loss. However, the firm’s gross margin expanded significantly last year as well as in the first...Read More
Daemon Technologies, a firm based in Hong Kong, will now drive the adoption of Stacks technology to support cryptocurrency mining communities in Asia according to its launch tweet. Excited to announce my next chapter in the @blockstack and #stacks ecosystem! https://t.co/JRdZPeDwhi — Xan Ditkoff (@XanDitkoff) August 31, 2020 The firm stated that Asian mining communities were...Read More
For the longest time, trust has always been missing from the digital asset industry. 2017’s ICO boom, during which innumerable altcoins and shitcoins were shilled, did little to reverse this sentiment in the minds of many. In fact, now, there is a common consensus that suggests that the industry has put the crypto-demons of 2017...Read More
XRP recorded a huge spike in buying interest recently, with the price noting significant gains over the same period. However, there are still important resistance zones for XRP to conquer before it can look above $0.45, a level it has traded under for over a year now. Further down the cryptocurrency ladder, Ontology was trading...Read More
Yes, Tron’s Justin Sun just named a meme coin after himself CEO of Tron Foundation, Justin Sun announced the launch of $SUN, Tron Network’s first meme coin that will be mined to fund Sun Genesis Mining, a community-driven decentralized (DeFi) potential of TRON that runs on open-source smart contracts. (1/5) I am glad to announce...Read More
The cryptocurrency portfolio manager and exchange, Coinbase has announced that Marc Andreessen, co-founder and operating partner at Andreessen Horowitz, one of the world’s leading venture capital firms has joined the Coinbase Board. Marc is followed by Gokul Rajaram, an executive at DoorDash who along with Andreessen will be Coinbase’s new Board members. We’re excited to...Read More
Cardano and Decred were noting bearishness in the near-term. A case for Cardano being able to reverse its downtrend can be made if it were to reclaim the significant resistance level it recently lost. At the time of writing, NEM was registering a retracement after its most recent surge. Decred could be headed further south...Read More
CoinMarketCap Chief Executive Officer Carylyne Chan and Vice President Spencer Yang have departed from the leading cryptocurrency price tracking company. In an open letter on her blog, Chan bid adieu to CoinMarketCap community after working with them for 2.5 years. Chan hinted that she could soon begin a new venture of her own as she...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize over the next 24-48 hours After a bullish return on the charts, Chainlink seemed destined to reclaim a position above $18 after going past $17.50 over the last 24-hours. However, the last resistance before the $18-mark...Read More
Ethereum Classic’s price charts reflected the tumultuous time its network has been facing lately following the third 51% attack in the month of August. On the contrary, IOTA bounced strongly off its support and the direction of its movement over the next couple of weeks can dictate its long-term performance. However, Maker was unable to...Read More
Bitcoin was trading at $11,620, at press time, with the cryptocurrency showing signs reminiscent of the beginning of a bull run like the one in 2017. However, crypto-exchanges continue to perform woefully during times of volatility that are characteristic of the crypto-market. A surging Bitcoin could drag the value of the market’s altcoins too, most...Read More
Disclaimer: The findings of the following article attempts to analyze the emerging patterns in Bitcoin SV’s market and its impact on the price Bitcoin SV’s price has been consistently noting bearish pressure, just like the rest of the market. The crypto-asset’s recent stint below $200 felt like the last straw had been drawn, with some...Read More
Bitcoin Cash, at the time of writing, was showing signs of bullishness, with the asset attempting to reverse the downtrend of the past few days. However, a confirmation of the same could still take a few days on the charts. On the contrary, DigiByte was struggling under strong bearish momentum. Further, Cosmos noted excellent gains...Read More
Many major altcoins showed signs of reversing their recent downtrend. Binance Coin appeared to be caught in a range and consolidating. Tezos has been steadily dropping since hitting an ATH. Enjin approached a region of confluence and any break-out from this region can be expected to be a strong move. Binance Coin [BNB] Source: BNB/USDT...Read More
BAT lacked a significant trend in the short-term as it retraced to important levels after a recent surge. EOS could be flipping from bearish to bullish momentum. Litecoin continued to show bearishness. Basic Attention Token [BAT] Source: BAT/USD on TradingView BAT was trading at the 38.2% retracement level, after its spike to $0.443. It briefly...Read More
XRP was trading near an important zone, above which is possible safety. Failure to close above this level could mean XRP might be in store for a significant drop. Chainlink showed strong bullish momentum that could propel it towards ATH once more. Dogecoin lacked notable momentum but could reclaim a resistance as support in the...Read More
Cardano’s descent has been quick and steep but the coin looks primed for a reversal. At press time, the coin needed to drop to immediate support before it can actually reverse the downtrend. Dropping from the 8th rank, ADA had a market cap of 3.58 billion and had seen an 8.1% decline in the past week...Read More
Yield farming has been quite the rage lately, with some going as far as calling it the “rocket fuel” that DeFi needs. The hyperbole is well and good, but the question remains – Is Yield Farming the real deal? Or is it yet another one of those brief fancies that often catches the eye of...Read More
Cryptocurrencies and their proponents take a lot of pride in the former’s decentralized nature. In fact, if you ever hear someone pitching Bitcoin to someone else, you can be pretty sure that decentralization and a lack of central authority will be one of the first features he/she will highlight. A pitch like that is well...Read More
Bitcoin dipped to $11,200 zone after reaching $12,500 in the past two weeks. This downward move caused losses across the market, with some coins seeing much of their recent gains wiped out. As Bitcoin regained strength, so did many of the major altcoins. Bitcoin Dominance was at 61.03 at the time of writing and trending...Read More
Bitcoin SV had been on a downtrend for the better part of August; Algorand showed signs of lowered volatility and pointed toward consolidation. Steem registered large moves both upward and downward, and indicated where good trading opportunities were. Algorand [ALGO] Source: ALGO/USDT on TradingView ALGO set a local high at $0.75, but was forced back....Read More
At the time of writing, Bitcoin seemed to have briefly reclaimed the $11,500-mark, before dipping into the mid-$11,400’s, again. The world’s largest cryptocurrency showed some bullish signals on the charts, however, and could reclaim $11,800 if buyers seize control. Similarly, IOTA appeared to have broken out of its downtrend and looked ready to initiate an...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price Litecoin’s price had been consolidating between $40 and $50 for a long time, post the Black Thursday crash in March. Despite being the 7th largest cryptocurrency by market cap, the coin did, however, note quite...Read More
At the time of writing, Ethereum was trading just beneath a level that could be pivotal for setting an uptrend. Failure to breach this resistance might consign Ethereum to testing lower ranges on the charts for a while. Further, Algorand and Decred were noting very little momentum in the market, with traders watching from the...Read More
Binance Coin regained most of the losses following its most recent pullback, with BNB prepping for another upward move on the charts. At the time of writing, VeChain was showing strong bearish signals, while also exhibiting signs of a potential reversal that could play out in the coming days. EOS was another cryptocurrency that was...Read More
Tezos and Monero seemed to be caught in a downtrend from mid-August. However, while Tezos showed signs of continuing bearish momentum at press time, Monero might just have turned a corner by showing signals of bullishness. Dogecoin remains the Internet’s favorite memecoin, but traders and investors seem to have lost their interest in the asset....Read More
