Although not by a lot, both Binance coin [BNB] and Ethereum Classic [ETC] were showing small bullish potential, at the time of writing. However, it was too late for VeChain due to the formation of a bearish divergence. Binance Coin [BNB] Source: BNBUSD on TradingView Binance’s native coin on its native blockchain has had a...Read More
Disclaimer: The findings of the following article attempt to analyze the evolving patterns in Chainlink’s long-term market and its impact on the price At the time of writing, the crypto-market had begun correcting, with many of the market’s major cryptos dropping in value over the past couple of days. Chainlink [LINK], while it managed to...Read More
Tezos is being given a lot of attention lately by a specific few traders, most of whom expect huge returns, very much like LINK. In fact, this optimism is not misplaced, but is backed by XTZ and LINK’s lack of correlation with Bitcoin, the world’s most dominant cryptocurrency. Regardless, XTZ does have some potential for...Read More
The price volatility that emerged in the market towards late-July seemed to have paved the way for a variation of an altseason. While the market’s small-cap crypto assets were outperforming everyone else, mid-cap assets were not far behind on the charts. Tron [TRX] Source: TRX/USD on TradingView The Tron Foundation recently released its decentralized swap...Read More
As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, the price of yEarn. Finance’s native token YFI has gone parabolic, surpassing Bitcoin’s by almost $1,000. This makes YFI the most expensive crypto asset in the market. 1 YFI = 1.15 BTC According to data on Binance, the DeFi token is trading...Read More
The past few days have seen the price of Bitcoin undergo yet another correction on the charts, one resulting in the world’s largest cryptocurrency’s value dropping by over 7 percent. While Bitcoin continues to stay afloat over its $11k resistance, the altcoin market has not been immune to the former’s price movement. During the past...Read More
Ethereum has been on a wild ride over the past couple of weeks and has been outperforming the largest cryptocurrency, Bitcoin. After an extended period of consolidation, ETH has witnessed a stellar rally of around 88% rising from $236.97 to $445.4 within a month. These gains have been often linked with its correlation with Bitcoin,...Read More
Bitcoin SV lost recent gains after Bitcoin dipped to $11,600 from $12,500. However, Bitcoin SV might be able to sustain a move upward. ATOM showed signs of weakness in the market as bearish momentum seemed to gain traction. Synthetix was trading just above its support and endure some short-term price loss before resuming its prior...Read More
XRP and ONT both moved significantly in response to Bitcoin dipping to $11,600. FTX Token had already been experiencing appreciable price fluctuation. XRP looked precariously perched, trading near a significant level but seemed poised to drop. The longer XRP failed to reclaim its nearest support, the stronger the case became for XRP bears. Ontology had...Read More
There was a time when a pump in the Bitcoin market would translate into growth for other cryptocurrencies. However, recently, there have been signs of an inverse correlation between Bitcoin and many other altcoins, especially small-cap assets. The previous week’s market movement put major crypto-asset, Ethereum [ETH] in a top spot for incurred gains as...Read More
Google trends data reveals that the number of “buy crypto” searches has exploded worldwide in the past few weeks to a two-year high. Simultaneously, the “buy Bitcoin” searches, which jumped prior to the 2020 halving and decreased immediately after, have increased since late July. Buy Crypto Searches To A Two-Year High According to Google trends,...Read More
Litecoin, IOTA, and Dogecoin followed the market-wide setback after the recent dip Bitcoin experienced. Litecoin and IOTA look strong enough to hold without further descent. DOGE could be showing early signs of a possible downtrend. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin saw a pullback after encountering resistance at $66. It was trading at $63...Read More
It’s safe to say that yesterday’s wick down to $0.1277 will be the last one in a while for Cardano. Both on the higher time frame, as mentioned earlier, and the lower time frame, Cardano is bullish. Still, in the 8th rank, ADA is currently trading at $0.1328 with the 24-hour price change showing a...Read More
After Bitcoin touched $12,500, Crypto Fear & Greed Index stood at 82 for the day and 80 for the week. It can be argued that some signs of a coming drop were in the making over the past couple of days. Bitcoin’s subsequent drop to $11,600 took with it the entire market, including recent stalwart...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. After the surge witnessed in the market on 17 August worth, Bitcoin Cash tested the resistance at $324.43 and began its descent. Due to the sudden sell-off, the price of BCH slipped back...Read More
Binance Coin continued its uptrend, after a pullback in early August. BNB had important support levels to fall back to if faced with sell pressure. In the case of the market’s altcoins like IOTA and Zcash, both coins faced significant resistance near its current price level. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin...Read More
The cryptocurrency market appeared to be in its bullish phase as the price of the largest crypto, Bitcoin has been rallying higher. A boost of 5% in the BTC market on Monday, triggered other altcoins to sprint at as escalated pace and establish a bullish run under the influence of the largest crypto. Source: CoinStats...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the Litecoin short-term market and its impact on price. Litecoin, at press time, was being shoved between important resistance and support, despite an overall bullish market. The price of cryptocurrencies was witnessing great bullish bursts on Monday, however, Tuesday looked like there was a...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the sole opinion of the writer. The price movement should be foreseeable in the next few hours. Since closing in on $0.32, XRP’s price has remained at a higher range between $0.272 and $0.323 in the chart over the month...Read More
The market is once again expressing bullish features, as the price of Bitcoin [BTC] pumped above $12k on 17 August. The price of the largest crypto asset spiked by 5.68% within two hours on Monday, enabling BTC to breach its resistance and report a yearly high of $12,473. This rally also helped push the trading...Read More
Market Volatility is at a new high for all digital assets. For the altcoins, the market has been rather turbulent as a correlation with Bitcoin maintains minimal levels. Over the past 24-hours, while assets such as Algorand suffered significantly, Ethereum maintained its consolidation above the price of $425 while Dash indicated a minor rise. Ethereum...Read More
With a vast majority of altcoins pumping, this feels like the beginning of a bull run. XRP, however, seems to be a little behind on the price pump and is undervalued. Undervalued, in the sense that, the price needs to accurately reflect the developments seen around the token itself and Ripple. Ripple Addressing the “skeptics”,...Read More
Stellar Lumens had a stellar week in the market while Bitcoin Cash and continued to trade beneath its immediate resistance. Interestingly BAT has broken out of a consolidation zone and is likely lead to further interest from traders and investors, and may push prices further upward. Bitcoin Cash [BCH] Source: BCH/USD on TradingView Bitcoin Cash...Read More
DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year. One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to...Read More
Chainlink’s price dipped alarmingly, registering close to 20% loss within an hour. This action happened hours after Bitcoin reached a local high of $12,499. Ethereum Classic, on the other hand, saw registered a recovery while Dogecoin failed to carry a lot of momentum and looked likely to slip further down in price. Chainlink [LINK] Source:...Read More
Less than a week ago, the influential legacy markets day trader Dave Portnoy, had a meeting with Cameron and Tyler Winklevoss – the founders of Gemini and well-known Bitcoin proponents. Even though he supposedly bought Bitcoin during their meeting, his enthusiasm for the primary cryptocurrency was shortlived. Now, Portnoy openly solicits cryptocurrency pump and dump...Read More
The crypto-market remains largely bullish, especially since yield farming and the success of DeFi tokens have been appealing to many investors. With Ethereum priced at above $400, at the time of writing, the world’s largest altcoin can, in the medium term, signal more bullish sentiment for itself and the rest of the altcoin market. Source:...Read More
Litecoin, Synthetix, and Dash were trading above or at historically significant levels, at the time of writing. In fact, Litecoin was showing vigor in the market as it resumed its recovery from its lows near $40. Further, DASH had an eye on its immediate resistance on the charts while Synthetix looked likely to continue its...Read More
Disclaimer: The findings of the following analysis should not be taken as investment advice and the same should materialize over the next few hours Bitcoin SV, at the time of writing, was jostling for room and moving under the key price line of $218, a level that has acted as immediate resistance and support multiple...Read More
Bitcoin [BTC] was holding the support level at $11,800 with an eye on a possible breakout over $12,000, at the time of writing. However, BTC’s movement has been relatively recent as, over the last few months, many of the market’s altcoins have noted good rallies, especially when Bitcoin’s own price was relatively stagnant. At press...Read More
