During the past seven days, Bitcoin failed to surprise us with anything in terms of price action. It appears that the cryptocurrency continues with its somewhat dormant state as it remained stagnant and rangebound between $9,000 and $9,200. Yesterday, BTC’s price dropped from slightly above $9,200 to around $9,040, sparking worries that things might take...Read More
Disclaimer: The following price prediction foresees a declining period for the next few days, with the asset possibly breaking out by the end of July. Bitcoin SV registered one of the largest daily surges among its crypto counterparts on 6th July with a growth of 26 percent. The asset continued to maintain its position in...Read More
As the world’s largest cryptocurrency, Bitcoin is bound to have an overwhelming impact on the price fortunes of the market’s altcoins. This was the case at the time of writing as well, with the performances of alts such as Litecoin and Decred bucking speculations that the market’s cryptos are decoupling from Bitcoin. Monero’s price movements,...Read More
Binance Coin, the token of cryptocurrency exchange Binance is faltering in its price-pushes with every passing day. Currently occupying 10th spot on CoinMarketCap’s list, behind Chainlink and Litecoin, BNB amasses a market capitalization of $2.68 billion at press time. But with Crypto.com Coin just behind at $2.57 market cap and the token losing value, an...Read More
Disclaimer: The findings of the following analysis attempt to evaluate the evolving price trends in the Chainlink’s market and its impact At the time of writing, the larger crypto-market seemed to be on its way down. In fact, the price of Bitcoin went down by 1.72%, with the world’s largest cryptocurrency depreciating from $9,198.56 to...Read More
Binance Coin, Tron, and Digibyte, all of these alts recorded a notable fall in their price over the last few hours, perhaps due to a similar drop in Bitcoin’s price. Regardless, these altcoins, at press time, were nearing strong supports on their charts, from which a bounce can be expected. Binance Coin [BNB] Source: BNBUSD...Read More
The cryptocurrency community was taken by surprise after a giveaway scam perpetrated by hackers took Twitter by storm. However, at the time of writing, the market was yet to register any consequence of note. While many are still speculating over what may have been the intent behind such a stunt, many of the market’s altcoins...Read More
Many of the market’s altcoins shared a brief period of correction on the charts, with Ethereum, IOTA, and Dash all noting a minor decline in price over the past 24-hours. While the latest crypto-giveaway scam on Twitter, one involving Bitcoin and a host of famous personalities, brought a little bit of attention to cryptocurrencies, it...Read More
Tezos, the 13th largest cryptocurrency in the market, is the latest altcoin to note amazing returns, with XTZ surging by 46% in less than 2 weeks. At press time, XTZ’s market cap stood at $2.36 billion, with the crypto positioned right below EOS on the charts. Tezos weekly price chart With the price of altcoins...Read More
A common topic of discussion over the past couple of months has been the stalling price of Bitcoin. After its halving in May, the major asset repeatedly failed to breach $10,000, and other than short-term consolidation above the resistance, BTC was unable to sustain a higher position. Source: CryptoCompare London-based data service CryptoCompare revealed in...Read More
Defi is seeing quite a bit of improvement with over 15,000 BTC locked in. Another reason for Defi taking off is the success of the Compound platform’s Comp token. At press time, over 85,560 Comp tokens have been distributed to users. With each token priced at $160, this value comes up to $13.6 million at press...Read More
Disclaimer: The following price prediction should materialize over the next two weeks. When XRP registered a recovery of 103 percent after its price drop on March 13th, many were expecting it to follow into the footsteps of other major assets. The likes of Bitcoin, Ethereum were able to ascend near their early highs of 2020,...Read More
Bitcoin’s price has been trading in a very tight range for a while now. The cryptocurrency seems unable to break out in any directions, while in the meantime, altcoins are popping massively. This has led to a 3% decrease in Bitcoin’s dominance, which measures the share of BTC relative to the entire market capitalization. However,...Read More
Cardano has seen a spectacular surge in its price action for the past few months but this might end soon. With ADA’s price approaching an important resistance, there might be a chance for price to retrace/pullback. This is on the higher time frame, however, on the lower time frame, the price is preparing for a...Read More
Bitcoin, like the pied piper, has had an overwhelming influence on the market’s altcoins. As the major coin has been restricted between its immediate resistance and support, many altcoins have also been imitating this behavior. However, Chainlink, a new entrant in the CoinMarketCap’s top 10 cryptos, has been proving to be a beneficial investment, when most...Read More
Major altcoins have displayed their individual price action in the crypto market. For Bitcoin, the price continued to remain around $9.2K with a 24-hour trading volume of $4.9 billion. Source: CoinStats Litecoin retained higher consolidation over the past month but failed to record any significant movement. For Cosmos, it was more positive than the rest and...Read More
The first signs of decoupling became evident during yesterday’s trading session as the most prominent US indexes market 1-2% gains, while Bitcoin refused to follow and remained firmly in its $9,100 – $9,300 range. On the other hand, the altcoin market sees lots of double-digit price increases and has reduced BTC’s dominance to 62.3%. News...Read More
Among Bitcoin, altcoins and shitcoins, something fundamentally changed for the latter. While altcoins soared through the figurative roof, Bitcoin is still strutting with little or no volatility. As for the shitcoins, this mysterious change took place exactly 17 days ago, when altcoins, shitcoins, mid-cap perps [perpetual contract], all started surging. This sudden surge was meteoric...Read More
The crypto market has been witnessing consecutive spurts of rising and falling prices. As the Bitcoin market noted a similar rise and fall on 12 July, which was imitated by the altcoin market too. Source: CoinStats However, the BTC price once again was pushed down to $9.2k level and registered a 24-hour trading volume of...Read More
Disclaimer: The following price prediction should materialize over the next two weeks. On May 28th, when Ethereum surged by 8.75 percent, the 2nd largest digital asset breached above the resistance of $226. Now over the past five weeks, the asset has been able to maintain consolidation between $227 and $250 albeit a minor decline on...Read More
Disclaimer: The following article tries to analyze the short-term price patterns of XRP The cryptocurrency market has been having a tough time in a consolidating phase. However, one major crypto has been stuck at a low level for months now, XRP. The fourth-largest cryptocurrency according to the CoinMarketCap list, XRP has been stuck under $0.30...Read More
It is becoming increasingly difficult to justify an imminent bull run for Bitcoin based on market analysis. The largest digital asset has hardly budged from its consistent price of $9500-$8800 over the past couple of months but its fundamental metrics continued to remains bullish on its future. Source: Glassnode According to Glassnode’s recent weekly insights...Read More
Following the announcement that BZRX token, the native cryptocurrency of DeFi project bZx, will be listed for trading on UniSwap decentralized exchange, reports suggest that a trader made more than half a million dollar within 30 minutes of trading the token. How It Happened On Monday evening, Security engineer Roman Storm took it to Twitter...Read More
Litecoin is now on the periphery of the top-10. Owing to the massive increase in the price of Cardano and LTC’s relative bearish movement to other competing coins like Binance Coin, it has now slipped to the 9th spot on the coin market, ahead of Crypto.com. Litecoin’s market capitalization is $2.81 billion, which has been...Read More
Ethereum-based cryptocurrency lending system, Compound (COMP), is on the verge of touching the $1 billion mark in crypto loans. This comes amidst total USD funds locked in Defi surpassing $2 billion. DeFi’s Most Popular Lending Token Hits the Billion Dollar Mark According to the official Compound website, the total valuation of borrowed crypto assets under...Read More
The digital asset industry is currently nursing a bearish pullback as the total crypto market cap dropped from $272 billion to $264 billion. As a result, the majority of the crypto assets were affected in the space, and the coins continued spiraling downwards at the time of writing. Bitcoin SV [BSV] BSV/USD on Trading View...Read More
Bitcoin SV, the persistent hardfork of a hardfork of Bitcoin has now become a mainstay in the top-10 coins in the cryptocurrency market. Currently placed on the eighth spot with a market capitalization of $3.41 billion, behind its big-brother Bitcoin Cash which has a market capitalization of $4.3 billion. Looking at the price of BSV,...Read More
Taking a leaf from the Bitcoin playbook, Ethereum, the largest altcoin in the market has been playing stable. Since the end of May, the latter has been trading sideways, going through Q2 2020 riding a massive bullish wave after a disastrous end to Q1. On March 12, as Bitcoin dropped by over 50 percent, Ethereum...Read More
India saw a rapid increase in cryptocurrency trading amid the lockdown period, and after the Supreme Court overturned the Reserve Bank of India’s decision to ban crypto businesses, the Hindu reports. India’s Crypto Trading Volume May Be Up to $30M Per Day The strict social distancing rules, which were adopted at the end of March,...Read More
XRP, now the fourth largest altcoin in the market has not had the best few months. In the recently concluded Q2 2020, the altcoin saw a quarterly price gain of less than 2 percent, its market dominance which now stands at 3.16 percent of the total crypto market fell by 1.3 percent between March and...Read More
