After testing the range high at 1446 sats [$0.1337] Cardano seems to be heading south and has already depreciated by 10.48%. However, this dip is not all bad, as a small pump might be on its way. With the formation of a descending channel, ADA’s price is looking at a 4-8% surge, perhaps even 13%...Read More
Major altcoins in the digital asset industry are currently having quite a ball over the course of the past week. Prices are entering a period of volatility and assets are following their individual trend in the market. Cardano and Stellar continued to ascend in their respective markets whereas ALGO tokens are facing a minor depreciation...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the short-term XRP market and its impact on the price. XRP has moved down the CoinMarketCap list to the fourth position, while Tether [USDT] takes its place. This was possible due to a booming USDT ecosystem and a dormant XRP market cap. As the...Read More
The altcoin market has been witnessing a consolidation phase along with major crypto assets. Despite the slow pace in price movement, many other small-cap assets have witnessed great volatility in the past couple of days, whereas major cryptocurrencies bounced around its immediate resistance and support. Bitcoin Cash [BCH] Source: BCH/USD on TradingView The Bitcoin Cash...Read More
Litecoin, owing to the misfortune of the other altcoins in the market seems to have climbed up the ladder. Currently occupying the 8th spot, LTC has moved past Binance Coin and Chainlink, which have both seen over 3 percent price declines in the past 24-hours. Litecoin’s market cap of $2.74 billion is only marginally ahead...Read More
The DeFi ecosystem has come a long way since 13 March. After tumbling all the way down to $571 million in Total Value Locked (TVL) from a high of $1.28 billion on 15 February, all hope for its future seemed lost. This was one of the reasons why no one could foresee the explosive growth...Read More
Disclaimer: The findings of the following analysis foresee a change on the charts over the next week Bitcoin SV’s steady decline since the start of June has come back to haunt the crypto-asset, with the high-performing Cardano having overtaken the Bitcoin fork to take the 6th place on the charts. While Bitcoin SV did register...Read More
The narrative of an “altcoin season” is spreading like wildfire, and rightly so. Since the start of June, Bitcoin has been extremely stagnant with respect to its price-performance. However, while it is doing so, other digital assets in the market have been lifting their game. In the past, Bitcoin would command a greater dominance on...Read More
The major pump the altcoin market was on seemed to be taking a break, at the time of writing, with Litecoin, BAT, and Zcash all heading towards a resistance zone. However, each altcoin’s near-term future is likely to be different considering the setup. Litecoin [LTC] Source: LTCUSD on TradingView At press time, Litecoin stood at...Read More
Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market. In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now. CZ Suggests An Altcoin Season During the past several weeks, the altcoin market has boomed...Read More
Cardano, Cosmos, and Dash registered contrasting price movements over the past 24-hours, with many of the market’s altcoins continuing to note high trading volumes on their charts. In fact, owing to such a performance, a strong case for an ‘altcoin season’ was being made in the industry. However, there was not much to choose from...Read More
Altcoins continue gaining traction, while Bitcoin remains calm. This decreases BTC’s dominance over the cryptocurrency market down to 62%, which is the lowest point in five months. Altcoin Market Rises To The Occasion The past 24 hours come as another example that the altcoin market is fluctuating massively lately. This is especially evident among lower-cap...Read More
Bitcoin might be trending on Twitter, but on its charts, it’s more of the same. Since hitting the $9,000 mark over two months ago, and despite numerous seismic events, including the halving, a massive derivatives expiry, and a Twitter hack, Bitcoin is still trading in the same range. Looking at the short-term chart of the...Read More
Bitcoin Cash, the hardfork of Bitcoin, is in the category of altcoins that have sunk post the events of ‘Black Thursday.’ Following the market collapse in March, some altcoins surged even higher than their Q1 2020 prices, others failed to recover. Bitcoin Cash, evidently, is in the latter category. Looking at the long-term price of...Read More
Litecoin is divided in the altcoin market-space. While coins above, like Chainlink and Cardano, are surging beyond expectations, others like Bitcoin Cash and XRP are going through slumps. On the other hand, digital silver is just hanging in there. Now on the 10th spot in the market, with a market capitalization of $2.7 billion, Litecoin...Read More
Owing to the relative youth of the cryptocurrency market, it is often accused of lacking in maturity. Even with institutional investors rushing in, there are grounds for arguing that the Bitcoin-led market is not completely mature. A reason why such doubts exist is due to the inherent volatility of the market, one where a cryptocurrency...Read More
Ordinarily, Bitcoin’s price performance on the charts will be mirrored by the many altcoins in the market. However, off-late, that hasn’t been the case. Despite many alts noting corrections over the past few days, not every alt got the memo, with the likes of XRP and Dogecoin climbing, while LINK continues to correct. XRP Source:...Read More
Much of the altcoin market has reverted to the norm of following Bitcoin’s lack of movement on the charts; many of these alts registered corrections of their own. However, while the likes of Bitcoin Cash and IOTA noted significant losses over the past week, Decred’s case was slightly different, with the crypto gaining slightly instead....Read More
After what seemed like a brief spell where the market’s altcoins noted movement independent of that of the world’s largest cryptocurrency, at press time, it seemed like these cryptos had reverted to taking Bitcoin’s lead. Over the last 7 days, Bitcoin fell by just over 1.5% on the charts. Source: Coinstats While the magnitude of...Read More
While Bitcoin’s price action hasn’t been very inspiring since the start of July, many of the altcoins have registered stunning uptrends. Altcoins such as Cosmos and Algorand have both come very close to doubling their coin’s value in the past two weeks, while a more conservative uptrend was noticed with EOS. EOS Source: EOS/USD, TradingView...Read More
Disclaimer: The following analysis attempts to study the price trend evolving in the Litecoin market. The cryptocurrency market has been going through one of its longest periods of consolidation and along with the price, the volatility has also been building up. Litecoin [LTC], the ninth-largest coin in the market has been restricted within its immediate...Read More
Despite Bitcoin’s price being stuck well below $9500 mark, altcoins seem to be registering quite a lot of varied price action. While Bitcoin Cash and Dash saw a minor drop in their trading price in the last week, Tezos has benefitted quite substantially with its price surging by close to 30 percent. Bitcoin Cash [BCH]...Read More
Cardano has been the pick of the altcoins since Bitcoin crashed in March. The now seventh-largest cryptocurrency in the market has amassed market capitalization of $3.1 billion, ahead of another rapidly surging altcoin Chainlink, market cap $2.74 billion. ADA trails Bitcoin Cash and its hardfork Bitcoin SV, in fifth and sixth positions respectively, but given...Read More
Disclaimer: The findings of the following analysis attempt to evaluate the evolving price trends in the Chainlink’s market The consolidating price of major altcoins has not restricted the growth of smaller alts like Chainlink [LINK]. Chainlink’s market had been marching up, while the largest digital asset Bitcoin [BTC] was bouncing around the same price levels....Read More
The cryptocurrency market has been noting varying price action across the spectrum of coins in the past few weeks. Bitcoin – the world’s largest cryptocurrency continues to be stuck in a sideways movement with a trading price of $9136 and a 24-hour trading volume of $4.1 billion. Source: CoinStats For altcoin’s like VeChain and Dogecoin,...Read More
XRP, the fourth largest cryptocurrency in the market has not had the best of years. Beginning the year in good spirit with some optimistic price action, it was soon overshadowed by Ethereum and later Bitcoin and its erratic movement. Even with the king coin losing 50 percent of its value, and beginning the second quarter...Read More
A lot has been said about Ethereum 2.0 over the past few months, and with the growing anticipation, its functionality and economics have been under scrutiny but a concrete evaluation hasn’t been conducted yet, until now. After receiving significant funding from MolockDAO, Consensys’s Tanner Hoban and Tom Borgers have combined their effort to review the...Read More
Disclaimer: The following price prediction foresees the stability of Bitcoin Cash at a lower range for the next few days. 5th ranked Bitcoin Cash registered a minor incline of 0.39 percent in over the last 24-hours as the token barely maintained its position above its long-term support at $220. At the time of writing, the...Read More
With Ethereum’s imminent move to Ethereum 2.0, the process of staking will be introduced by the blockchain network, and the $26 billion worth of Ethereum will all be convertible into yield-bearing assets. Now, Stefan Coolican, President of Ether Capital recently explained that the eventual shift to staking would potentially transform Ethereum into a digital bond,...Read More
At the time of writing, to a certain extent, normal order seems to have been restored in the cryptocurrency market. On the heels of Bitcoin stagnating on the charts, many of the market’s altcoins registered losses of their own. At press time Bitcoin was being traded at $9155 with a 24-hour trading volume of $4.5...Read More
