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
Disclaimer: The findings of the following analysis attempt to foresee how the price will unfold over the course of a few days to weeks. Chainlink’s journey has been nothing short of amazing. From a price point of $0.19 per token, the coin has managed to hit $4 in less than 3 years. In fact, at...Read More
The e-money payment platform has announced some core changes in its managing board. The leadership shift came up with a new CEO and Chief Financial Officer (CFO). Change of Places Though not so much of a significant change in the manner of adding new people to its company’s leading positions, TenX has made an important...Read More
Disclaimer: The findings of the following analysis are split into two. While the findings of the first half are long-term in nature and can be foreseen to take place over the course of the next week, the other findings can be expected to take shape in the next day or two Cardano’s movement since the...Read More
A tepid 24-hour period in the digital asset industry saw little movement among altcoins as the 3rd quarter of 2020 commenced. While the collective market cap of the cryptocurrency industry remained unchanged at $260 billion, Bitcoin continued to hold a dominant share of 64.8 percent in the market. Ethereum Classic [ETC] Source: ETC/USD on TradingView...Read More
After five years of intense research and development, the Cardano ecosystem has achieved a major milestone. Shelley has arrived. Well, at least in code. According to the roadmap shared by IOHK’s Charles Hoskinson in the past, the Shelley era essentially involves critical early steps in Cardano’s journey towards optimizing decentralization. The announcement by IOHK revealed...Read More
After noting a series of pullbacks over the past week after Bitcoin fell, many of the market’s alts, again closely following the king coin’s price movements, appeared to be consolidating, at the time of writing, with the collective market cap rising to $260.3 billion. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin enjoyed a rather flat...Read More
Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. WDI plunged to a bit over 1 EUR and jumped to above 9 EUR earlier today following positive news from the UK’s regulator. Wirecard AG’s Stock Price Roller-Coster The company’s drama...Read More
Bitcoin’s market has recovered well from its fall a few days ago, a fall during which the price of the world’s largest cryptocurrency plunged below its support levels and even below $8900. As is almost always the case, the altcoin market followed suit, with many of them on the path to recovery too, at press...Read More
After witnessing a five-days correction, SNX recovered almost 6% over the last 48-hours trading. Sellers may resume pressure if the price fails to increase above the previous resistance. The trend is still looking bullish in the short-term despite the five-day selling. SNX/USD: It Maintains Lower High Lower High Pattern Key Resistance Levels: $1.83, $1.92, $1.964...Read More
The price of Bitcoin once again dipped under $9k and bounced back a little above $9.1k. This plunge was visible in the altcoin market and a similar recovery was noted at press time. Bitcoin Cash [BCH] Source: BCH/USD on TradingView With the cryptocurrency market noting a shakeup, the fifth-largest coin in the market has been...Read More
Disclaimer: This article attempts to foresee the price movement of Bitcoin SV over a period of the next 24-hours. Bitcoin SV saw a major downward breakdown on the 27th of June. Soon after encountering the bulls, the seventh-largest coin posted minor gains which drove the coin’s price to $158.87, at the time of writing. The...Read More
This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday. Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the...Read More
At the time of writing, Cardano recorded YTD gains of 134.84%. While many smart-contract coins have witnessed notable upticks, it was ADA that posted an impressive rally, outperforming its contemporaries over the past couple of weeks. As the release of Cardano Shelley code on 30th of June remains on schedule, the price of the native...Read More
Following the latest market dip, Litecoin’s value lost momentum and fell close to its previous support level. At the time of writing, LTC was being traded at $41.14. The seventh-largest cryptocurrency had noted a minor uptick over the past couple of weeks which coincided with rising on-chain metrics. However, the abrupt fall further dragged the...Read More
With Bitcoin edging below $9,000, you can be sure of an effect on altcoins. Ethereum, the largest altcoin is leading the charge and is moving down deviating out of its long-held patters, and following suit are Tezos and Chainlink. Ethereum Source: ETHUSD via Trading View Since reaching a high of $250, Ethereum managed to hold...Read More
For the crypto market, the price action of Bitcoin is extremely crucial. Most altcoins tend to follow Bitcoin’s price movement rather closely. In the past 24-hours, Bitcoin’s price dipped by over 2 percent taking the king coin’s price to $8974 with a 24-hour trading volume of $7.2 billion. Source: CoinStats As Bitcoin fell below the...Read More
