For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, the past 24-hours’ price action hasn’t been...Read More
Disclaimer: The following article attempts to analyze the evolving trends in the Bitcoin Cash market and its impact on the price. Bitcoin Cash’s spot market has been moving with great vigor as the asset tried to rise higher. Over the past few days, the consolidating price of Bitcoin Cash [BCH] began marching upwards, which resulted...Read More
Bitcoin has finally been able to go past the daunting $10,000 mark after months of speculation and anticipation. In the past 24-hours, many of the altcoins have seen their coin’s price appreciate. Bitcoin SV, Dash, and Ethereum Classic have all registered up to 13 percent in the past day’s time. Bitcoin SV [BSV] Source: BSV/USD,...Read More
Disclaimer: The following price prediction does not foresee a clear price position as of now due to the lack of a price pattern. Ethereum’s price movement over the past week has been astonishing. Witnessing a massive 40 percent hike since the 26th of July, the largest altcoin has brushed past key resistance, while registering a...Read More
The Bitcoin market witnessed a boost in its price on 27 July. The price of the largest crypto jumped 13% in a day, as the price escalated from $9,933 t0 $11,263. The major alts in the market also followed the coin in its upwards journey, especially its hard fork, Bitcoin Cash. Bitcoin Cash [BCH] Source:...Read More
Disclaimer: The following article attempts to analyze the evolving pattern in the XRP short-term market and its impact on the price. The price of the largest cryptocurrency Bitcoin [BTC] escalated on 28 July causing the major alts to witness a brief period of volatility in the market. The fourth-largest cryptocurrency, XRP which had been under...Read More
The digital asset industry has collectively surged by 18.34 percent over the past couple of days. The total market cap had increased from $283 billion to $335 billion, however at the time of writing it was down to $316 billion. At press time Bitcoin was being traded at $10830 with a 24-hour trading volume of...Read More
Litecoin, the 8th most valuable cryptocurrency in the market is having an unexpected bullish swing. Even with Bitcoin noting a market rise, few predicted digital silver to be leading the top-10 in price action, but at press time, LTC’s 9 percent 24-hour increase is the highest among the top cryptocurrencies in the market. Amassing a...Read More
It’s safe to say that Bitcoin’s dull days are behind the asset as it continued its bullish run to reach $11,000. Despite gaining against the dollar, most altcoins are trailing compared to Bitcoin, questioning the state of the altseason. Bitcoin Goes Into Uncharted 2020 Territory After finally breaking above $10,000, the question remained if BTC...Read More
Alternative cryptocurrencies felt today’s pressure as Bitcoin finally poked its head. The major cryptocurrency is on the rise today, and as it’s almost always the case, this took its toll on altcoins. Bitcoin managed to regain almost 1.5% of its market dominance over the past 24 hours alone, leaving other cryptocurrencies in despair. Altcoins Down...Read More
According to Ethereum foundation’s official blog, Ethereum 2.0 validator launchpad testnet version officially went live on 27th July 2020. The development and research with regard to Ethereum 2.0 network have been ongoing for many months now and alongside Consensys and DeepWork Studio, the eth2 research team revealed that validators would be able to keep track...Read More
Disclaimer: The findings of the following analysis should materialize within the next 24-48 hours With Bitcoin and Ethereum leading the price rally over the past few years, it was fairly obvious that major altcoins in the top 10 would take some part in the rally as well. The narrative was the same for Bitcoin SV,...Read More
Altcoins may have driven the crypto-market over the past few months. However, Bitcoin was again in the driver’s seat this week after the world’s largest cryptocurrency hikes considerably, going on to break all its immediate resistance levels. The effect on the rest of the market was instant, with the likes of Cardano gaining exponentially. However,...Read More
While the story of the day is Bitcoin’s move and consolidation above $10,000, the altcoins with momentum already in the bag are surging. Chief among the altcoins in market capitalization is Ethereum, with the second-largest cryptocurrency in the market shooting through the roof. Buoyed by the Bitcoin breakout, Ether has mounted a market capitalization of ...Read More
Crypto asset markets have been on fire over the weekend with a surge of $17 billion, or just under 6%, since Saturday morning. The move has lifted total market capitalization to its highest level since mid-February, and the first time it has been over $300 billion for five months. Cryptocurrency Market Capitalization YTD. Source: CoinMarketCap...Read More
The latest hike in Bitcoin’s price came at a good time for the rest of the altcoin market. While many were under the impression that the same had exhausted all its momentum, Bitcoin’s performance gave fresh impetus to altcoins to rise again. This was the case for alts such as Litecoin and Tron. However, others...Read More
Cardano has been the most dominant altcoin in the market since it recouped 100 percent of its lost price in June. At press time, it is posting a double-digit 24-hour price gain, the highest among the top-10 and occupies the 6th spot on the coin ladder, with a market capitalization of $3.83 billion, ahead of...Read More
Disclaimer: The findings of the following article attempt to analyze the short-term trends forming in the Litecoin market and its impact on the price. Litecoin’s price rise has been nothing short of expected and unexpected. Expected because being digital silver to digital gold, the cryptocurrency was bound to see an anchor-effect of a Bitcoin rise....Read More
The last few days have seen the crypto-market note a trend reversal of sorts. While most large-cap cryptos like Bitcoin and XRP finally saw some price movement that pushed these cryptos up the charts, few of the past few months’ best-performing cryptos like Chainlink and Tezos registered corrections. The latter’s movement was especially interesting since...Read More
EOS and Ethereum Classic were among the altcoins to profit from the appreciation in Bitcoin’s price a few days ago, a development that came on the heels of U.S regulators giving the green-light to national banks with respect to crypto-custody services. However, not all alts followed the lead, with some like Basic Attention Token refusing...Read More
It appears to be obvious that the boring days of Bitcoin trading are over. The cryptocurrency went on a spree over the past week, gaining more than 10% and breaking the coveted $10,000 mark for the first time since June. Bitcoin Price Does it Again: Over $10,000 The past couple of weeks were fairly boring...Read More
Despite more and more people predicting that an altseason might be on the horizon, Bitcoin continues to be the market’s most dominant cryptocurrency with a share of over 60%. In fact, Bitcoin catalyzed the crypto-market over the last few days by noting a significant hike after the OCC announced that nationally chartered banks in the...Read More
The cryptocurrency market has been stuck in a rut for quite some time now, with most of its major cryptos choosing to consolidate their positions. In fact, Bitcoin, the world’s largest cryptocurrency, has been noting a kangaroo market of sorts, one wherein it has been jumping between its immediate resistance and support. This trend in...Read More
Disclaimer: The findings of the following article attempt to analyze the long-term trends forming in the Litecoin market and its impact on the price The cryptocurrency market has been struggling under a lot of pressure lately, a development that has inhibited its growth. Such downward pressure was shared by many of the market’s cryptos like...Read More
The space of Decentralized Finance (DeFi) is undoubtedly where all eyes are right now. The value locked in lending protocol continues to surge, and it shows absolutely no signs of slowing down. Every day is riddled with exciting events. Today, one of the recently launched DeFi tokens, YFI, brings returns upwards of 35,000% to those...Read More
Stablecoins have become the “staple food” of the cryptocurrency industry as they make the on/off-ramp easier and faster. Hence, stablecoins play a vital role in understanding the health of the cryptocurrency ecosystem. This article takes a look at the stablecoin market over the last 5 months and tries to understand the changes, be it an...Read More
According to many in the crypto-market, the altseason may be soon upon us. That may be the case, however, the fortunes of these altcoins continue to be tied at the hip with that of Bitcoin. The latest price hike in the latter’s value was a case in point, with cryptocurrencies like Tron and Zcash climbing....Read More
Despite the fact that the market’s altcoins have done well lately, the fact of the matter is that Bitcoin, the world’s largest cryptocurrency, continues to hold a market share of over 60%, a share owing to which it has high correlation indices with the rest of the market. However, the effect of BTC’s movement, especially...Read More
The altcoins market’s recent price movement may lead many people to believe that an altseason is indeed on its way. However, despite such hopes, the effect of Bitcoin’s price fortunes continues to be profound. The last few days were a reflection of that, with the rest of the market taking Bitcoin’s lead to record significant...Read More
The appreciation in Bitcoin’s price a few days ago had a profound effect on the value of the crypto-market’s altcoins. This was to be expected since despite many expecting an altseason in the near-term, the world’s largest cryptocurrency remains highly correlated to the rest of the market. At price time, Bitcoin’s price stood at $9510...Read More
