Chainlink was caught in a retracement that could extend further. After setting ATH recently, this is to be expected of Chainlink, especially when we consider well-known personalities such as Dave Portnoy tweeting about Chainlink and Bitcoin, and the FOMO he could have induced in the past weeks. BAT and ATOM maintained bullish momentum but showed...Read More
After a couple of days of bearish pullback, the collective crypto industry breathed a sigh of relief as major altcoins registered a minor uptick to keep pace with its overall bullish trend. Although bearish signals were still evident in the markets, the past 24-hours have highlighted a sea of green signals all across the board....Read More
A slowly sliding Bitcoin dominance is once again paving the way for altcoins to make gains in the medium to long-term timeframe. At the time of writing, Ethereum was trading at $406 after a drop over the weekend. Zcash experienced a 15% surge before falling to support. Stellar showed mixed signals on the short-term, and...Read More
Chainlink aka Link’s run from March to August has been good, especially in terms of its price appreciation. The cryptocurrency went from being valued at less than $2 in March to being overvalued at $20. This exponential rise came at a time when defi was soaring. In part, the defi craze has to be the...Read More
Ethereum’s recent decline seems to be in recovery considering the coin’s 5.3% surge in the last 24 hours. This surge comes as the price breaks out of a bullish pattern. This has larger implications of a potential surge ranging between 9% and 11%. Ethereum four-hour chart ETHUSD TradingView The chart showed ethereum’s descending parallel channel...Read More
Since its mysterious inception to being a well-known asset, bitcoin has come a long way. The bitcoin community, however, has moved from doubt to amusement to where it stands now, a fan, follower, etc. People have come into the community and stayed while others haven’t. The point is that the community has retained a few...Read More
Decred, Monero and Cosmos all registered big gains in the past few days. Monero could not hold on to levels it briefly claimed. Decred showed likelihood of testing support levels before a continuation of the previous uptrend. ATOM was ripe for a minor correction, and the next few days will reveal the strength of its...Read More
After consolidating for a good three weeks above $200, Bitcoin SV finally dropped below long-term support on 21 August. The depreciation seemed inevitable over the past week, as a consistent array of price drops led to BSV’s new price range. With a market cap of $3.67 billion, the asset is currently in close proximity with...Read More
After Bitcoin’s dip to $11,400, the crypto market saw red for many coins over the weekend. At press time, Bitcoin was staging a possible recovery upward priced at $11,760. Large-cap altcoins also saw modest price gains and some indicated that their pullback was complete, and the previous uptrend might continue. Litecoin was holding on to...Read More
Bitcoin Cash and Doge have spent August bouncing from support to resistance. At press time, both coins lacked momentum to force a big move up or down. The direction they are heading towards might be better gauged in the next few days. Ethereum Classic was able to defend support but did not offer anything else....Read More
Bitcoin dominance climbed from a recent low at 60.22 to 61.59 at the time of writing. The recent Bitcoin dip to $11,400 did major altcoins no favors, with a lot of red across the board. Some coins with excellent recent gains also dropped, such as TRON. Binance Coin might have also embarked on a short-term...Read More
Cardano enjoyed a bull run before other altcoins by surging ~890% in less than 5 months. Eventually, all altcoins joined the rally. While some surged more than others, LINK surged from less than $2 to $20 in the same time period. Like Link many defi projects and their tokens have done the same. Perhaps, the...Read More
Bitcoin was trading between $11,400 and $11,600 over the weekend. A lack of momentum in Bitcoin can sometimes make alts register big gains. and this might play out in the coming days in the case of Decred. Bitcoin SV has steadily been giving in to selling pressure throughout August, and more red could be in...Read More
Consider this – Exactly three months ago, the TVL locked in DeFi was well under $1 billion. At the time of writing, the same figure was closing in on $7 billion, with DeFi’s market cap north of $14.5 billion. The differential over the three months is just one of the metrics that tell us how...Read More
Ethereum was sorting some issues with network congestion, while DeFi boom was seen driving demand for Ether. Ethereum might begin another rally as on-chain metrics become more sustainable. An Ethereum bullrun heralds good fortune for the altcoin market as well. At press time, Zcash struggled against selling pressure while Steem appeared to be on the...Read More
Altcoins were the talk of the town over the past few months, with the exponential growth noted by alts like Crypto.com Coin and Cardano stoking calls for an alt season. However, this sentiment seemed to have mellowed down at the time of writing as many of these altcoins were again noting strong correlation stats with...Read More
Bitcoin as an asset performed well under unforeseen market conditions. Most cryptos followed Bitcoin’s trend but not at the same pace. Bitcoin Cash spent months dithering before surging in late July to make up for its losses in March. VeChain, last month, saw wild returns before settling down to gather steam. Crypto.com had been marching...Read More
Times have been very confusing for Ethereum and its community members. As the second-largest cryptocurrency was recognized for its persistent growth despite a brief crypto winter. The growth was majorly contributed by DeFi tokens and stablecoins. Gas fees has been a major cause of concern for people transacting on the blockchain. Even though there have...Read More
The Crypto Fear & Greed Index has been above 70 for the entirety of August, with the same showing an “extreme greed” reading of 78, despite the latest dip in Bitcoin’s price. Simply put, the crypto-market continues to remain bullish. This was the case with respect to many of the market’s altcoins as well as...Read More
The latest dip in Bitcoin’s price has knocked back the gains of many of the market’s altcoins. Binance Coin and Tezos were just some of the alts to note such corrections. However, these price drops do not point to any reversal in trend yet and should be treated as healthy corrections in a bull market....Read More
As one of the largest organizations managing crypto-investment trust funds for accredited and retail investors, Grayscale recently crossed the $6 billion-mark with respect to Assets under Management (AUM). That’s not all, however, as over the past few years, besides catering to institutional investors, Grayscale has also seen increasing retail demand for crypto-exposure through 401k savings....Read More
Disclaimer: The findings of the following article attempt to analyze the patterns emerging in the short-term Litecoin market and its impact on the crypto’s price Litecoin’s price has been trending lower and lower on the charts, ever since it registered a surge between 13 and 17 August. In fact, LTC’s price peaked at $69.15 on...Read More
Chainlink’s growth recently, especially in the month of August, has largely been parabolic, with many in the community under the belief that it may replicate Ethereum’s incredible price appreciation from 2017. It’s not hard to see why these people have these expectations as following its most recent surge, LINK shocked everyone after it climbed as...Read More
At the time of writing, Bitcoin’s dominance stood at 59.5%, with the same having fallen significantly over the past few months despite the fact that the world’s largest cryptocurrency climbed to new heights in 2020. This has been the case because many of the market’s altcoins have surged on the charts too. However, when Bitcoin...Read More
The last few months have seen the market’s altcoins perform exponentially, with many of them noting significant rallies on the charts, in direct opposition to the correlation they once shared with Bitcoin, the world’s largest cryptocurrency. The last few days, however, saw these alts moving in line with Bitcoin, with the latter’s move over $12,000...Read More
Bitcoin may have a market dominance of over 55%, however, the effects of its movements aren’t always equal among the rest of the market’s altcoins. In fact, an argument can be made that lately, many of these alts have been taking an independent trajectory owing to falling correlation stats, one where their values aren’t defined...Read More
July 27 was the last time Bitcoin SV registered a position below $200 and hence the most part of August can be considered positive, even though highly volatile. The volatility cannot be blamed since it has been prevalent throughout the industry but over the past few days, Bitcoin SV finally seems to have gone into...Read More
Digital assets are not taken lightly any longer. Many businesses are forming around it and the use of blockchain and crypto is developing every year. Now Bitcoin and Ethereum are the flag bearers but a majority of the public still fails to distinguish between Ethereum and Ether with clarity. Yes, the general crypto public is...Read More
Until the previous year, most major nations were up in arms about the launch of the social media giant, Facebook’s stablecoin, Libra. However, after a year we have noted an uptick in the attention paid to not only cryptocurrencies but also to stablecoins. The stablecoin supply has reached 10.116 billion coins, among which Tether [USDT]...Read More
Bitcoin, the world’s premier cryptocurrency, despite its most recent failure to sustain a breach of the $12k level, was continuing to consolidate and strengthen its position on the charts. At press time Bitcoin was being traded at $11,840 with a 24-hour trading volume of $8.3 billion. Source: CoinStats BTC’s movement, however, didn’t have a uniform...Read More
