At press time, Tezos ranked 12th on CMC with a market cap of $1.7 billion. Priced at $2.34, it saw a 2.60% surge in the last day and from the looks of technical indicators, more is yet to come. Tezos Four-Hour Chart XTZUSD TradingView From the above chart, it can be seen that XTZ has been...Read More
Most altcoins do not have two legs to stand on. Non-specialized altcoins rarely brush the limelight with isolated pumps and dumps, while others rely on the price movement of Bitcoin. And when the king coin volatility runs dry, investors dilute their alt-bags. Such is the case for most altcoins, but not for the largest one...Read More
Bitcoin SV, at press time, stood just below Bitcoin Cash, at the sixth position. While Bitcoin Cash, its competitor, holds the position at 5th, BSV’s market cap is half of BCH at $2.85 billion. The coin has seen a 0.55% drop in the last 24 hours and by the looks of it, more is yet...Read More
During a quarter that began with Bitcoin recovering from its biggest single-day drop in seven years, punctuated with the halving and ended with a two-month stable run, one would think that altcoins would have a leg up. Well, that wasn’t the case. At least not for all the altcoins, but the biggest one of the...Read More
Plus Token, Bitconnect, OneCoin, had one thing in common – an investment deal that sounded too good to be true and when something’s is too good to be true, it usually is. With One Coin Ponzi, Ruja Ignatova was the leader who managed to ‘enchant’ thousands, if not millions, of her followers into investing in...Read More
Among Bitcoin Cash, Dogecoin, and Dash, Dogecoin seems to be the most bullish coin. Bitcoin Cash BCHUSD TradingView The fork of Bitcoin and a competitor of Bitcoin SV, has seen a good surge of 4.74% in the last 12 hours, with the price trading at $228.37. The coin has a total market cap of $4.1...Read More
With the start of a new quarter, slowly but surely some altcoins are moving out of Bitcoin‘s shadow. As the $9,000 mark does not look to budge for the king coin, some alts, led by the top two Ethereum and XRP are seeing wayward movement, but all of them are looking up. Source: BTCUSD via...Read More
For an altcoin market largely tethered to Bitcoin, the stability of the latter is not proving helpful. Since early May, even before the 2020 halving, the king coin’s price has been stuck around the $9,000 range, and owing to the same, altcoins have been trading flat. But that does not mean short terms spurts have...Read More
With Bitcoin still trading just above $9,000 at press time, altcoins have not felt any ripple effects. For the larger part, the altcoin market moves in cohesion with the king coin, which still has a 64 percent dominance on the collective cryptocurrency market capitalization. Cardano, unlike the rest of the altcoin market, has been surging...Read More
Bitcoin has had a slew of crimes related to it in the past few years, that’s the price you pay for using a censorship-resistant universal cryptocurrency. But looking at the facets of what makes a criminal gravitate towards a particular form of payment, one can say that among cryptocurrencies, Bitcoin does not have all the...Read More
Cardano, now the eighth-largest cryptocurrency in the market, has been one of 2020’s best-performing cryptocurrencies, with its price-performance putting the likes of Bitcoin in the shade. In fact, since hitting its price bottom for the year in March, ADA has surged exponentially, outperforming Bitcoin by 200% and the rest of the altcoin market by 250%....Read More
Ravencoin is the latest altcoin project to suffer an inflation bug, after discovering an attack that saw rogue actors mint 315 million counterfeit RVN tokens. Ravencoin Suffers Inflation Bug The Ravecoin network announced the news of the attack via a Medium blog post on Thursday (July 2, 2020). According to the post, the CryptoScope team...Read More
Bitcoin’s efforts to breach its immediate resistance on the charts and head towards $10,000 continue to be in vain, with BTC falling on the charts again over the past 24-hours. While the world’s largest cryptocurrency didn’t fall by a huge or a very significant margin, its effects were felt by the market and its altcoins,...Read More
The meme coin is the only coin with a bullish outlook in the near term while Chainlink and XRP are both hinting at a downtrend. Even if Dogecoin doesn’t see price appreciation, it will witness a sideways movement; Link and XRP have a clear negative bias. Chainlink Chainlink ranks 13 with a market cap of...Read More
Disclaimer: The following analysis attempts to foresee Litecoin’s price movement in the long term, despite its presently stagnated price The cryptocurrency market hasn’t been noting an upward trend lately, with most major cryptos choosing instead to consolidate over the past couple of weeks. However, such price movements haven’t necessarily painted a bearish picture for many...Read More
If you’ve been in the cryptocurrency space for a while, you’ll know that the second most important coin in the market is Tether. While the categorization of the stablecoin under the tag “cryptocurrency,” much less “decentralized currency,” can be debated, its significance in the market cannot be understated. As things stand, Tether [USDT], is the...Read More
Altcoins, without any organic developments of their own, often find it very hard to move away from the influence Bitcoin’s price has on their own fortunes. While some like Cardano off-late have done so with a slew of major announcements, others haven’t been so lucky, with the likes of Ethereum, EOS, and DASH still far...Read More
What would Vitalik Biterin do differently? With Ethereum 2.0 and the phased transition to Proof of Stake looming, many in the community are hyped for what they expect will be critical to the future of Ethereum. However, ETH 2.0 will follow months of project delays, something that was acknowledged by Ethereum Co-founder Vitalik Buterin on...Read More
For the most part, Bitcoin has struggled to go past its psychological resistance at $10,000 in the year 2020. Just like traditional financial markets, crypto-markets also took a significant blow as soon as the scale of the COVID-19 pandemic came to the fore. However, with half of 2020 now gone, Bitcoin’s fortunes may not necessarily...Read More
Most of the cryptocurrency market’s altcoins often follow Bitcoin, the world’s largest cryptocurrency by market cap, owing to the market share it holds. This means that as is often the case, when BTC rises, so do alts, and vice versa. The past few days have seen similar behaviour from the market’s altcoins. However, one alt,...Read More
Kyber Network’s native token KNC has extended the aggressive rally that started to accelerate at the end of June. On Friday alone, the token has gained over 27% against the US dollar. The surge comes several days ahead of Kyber Network’s next protocol update planned for July 7. KNC Hits Highest Level in 2 Years...Read More
Owing to Bitcoin’s dominance in the cryptocurrency market, both with respect to market cap and volume, many altcoins’ prices are defined by BTC’s fortunes. When Bitcoin falls, so do they, and when Bitcoin rises, they follow its lead. And while that may be changing over the past few weeks and months, BTC still dictates the...Read More
Disclaimer: The findings of the following analysis attempt to foresee BSV’s movements up to the last week of July Over the past two months, Bitcoin SV has been struggling to touch the price range it was trading within in early-2020. Unfortunately, Bitcoin SV’s price trends didn’t seem any likely to note a reversal either, at...Read More
The world of finance was shaken on March 12 when the markets started to realize the impact of COVID-19. Before the Black Swan event that engulfed most profits in the market, the cryptocurrency market had been rallying. Bitcoin, the largest digital asset that shares a strong correlation with most cryptocurrencies in the market. When the...Read More
Will ‘Project Catalyst’ catalyze Cardano? The 2020 edition of the Cardano Virtual Summit was expected by many to have in store many major announcements for the ecosystem. And it didn’t disappoint. Among a slew of other announcements, perhaps the most crucial one was the launch of Project Catalyst, “an experimental fund and toolset designed ultimately...Read More
Despite reports suggesting that many of the market’s altcoins may be decoupling from Bitcoin, the valuations of these alts, by and large, remain dependent on the fortunes of BTC, the world’s largest cryptocurrency. This can be established by the fact that much of the market is still to recover from the cryptocurrency’s fall on the...Read More
Disclaimer: The following analysis traces Tezos’s [XTZ] price movements that led to the price breakout, while also identifying its important support points The fate of most cryptocurrencies is intertwined with that of Bitcoin [BTC], the world’s premier cryptocurrency, due to its high correlation with the market’s altcoins. However, with Bitcoin’s market consolidating over the past...Read More
Among XRP, Cosmos, and Dogecoin, the meme coin [Dogecoin] seemed to note the best YTD performance, at press time. Odd, isn’t it? The coin was up 14.61%, while Cosmos was down 8% and XRP by a whopping 38%. The takeaway from this is that even though altcoins are all correlated, this difference is what makes...Read More
As Bitcoin’s price continued to struggle below the coveted $10k mark, the altcoin market was also one to endure significant losses and bearishness. Over the past week, popular altcoins like Bitcoin SV, Monero, and Basic Attention Token have seen their prices drop by up to 17 percent on the charts. Bitcoin SV [BSV] Source: BSV/USD,...Read More
Many of the market’s altcoins have been noting steady and marked growth on the charts over the past few days. However, such a price appreciation, unusually, was not led by Bitcoin, with the king coin moving sideways lately while facing a lot of bearish pressure. Cardano [ADA] Source: ADA/USD on TradingView The sharpest performer among...Read More
