As volatility returned to the cryptocurrency market, altcoins have witnessed a change in price trend. Bitcoin’s fall from $12k to $10k on 2 August, also triggered negative sentiment in the market; however, as the coin set back on an uptrend, the altcoins also followed its lead. The altcoin market reflected great trade activity over the...Read More
With the cryptocurrency’s price recovering from yesterday’s crash, Bitcoin finds itself in a pickle with an important resistance preventing its march higher on the charts. With over a billion dollars in positions liquidated, the Open Interest and the volatility have all dried up. While BTC’s price has been slowly trying to head higher, despite it...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-48 hours Bitcoin SV, just like the rest of the market, was in a state of conflict at the time of writing after depreciating significantly on the 2nd of August. With BSV trading at a price point as low as $196 yesterday, the...Read More
The collective digital asset market suffered a major blowout at the top after Bitcoin and Ethereum noted massive sell-offs. The development had a ripple effect on the rest of the altcoin market too, with Litecoin, Tron, and VeChain registering bearish movements. With these cryptocurrencies’ prices seemingly consolidating over the past 24-hours, another wave of price...Read More
On 2 August, Bitcoin crossed the $12,000 mark and triggered a wave of sell orders. This selling spree downed the cryptocurrency’s price by 8 percent in an hour, with BTC dropping to below $11,000 between 0400 to 0500 UTC. With Bitcoin holding 60 percent of the entire coin market, a drop in its price caused...Read More
The recent activity in the cryptocurrency market has had a profound effect on the market’s altcoins. While Cardano [ADA] and Basic Attention Token [BAT] showed a retracement in the near-future, Cosmos’s [ATOM] charts seemed promising, with a surge expected very soon. Cardano [ADA] Source: ADAUSD on TradingView Following the recent crash in Bitcoin‘s price, altcoins...Read More
Cardano currently stands at 8th rank with a market cap of $3.46 billion. With the coin trading at $0.1329, the coin is stuck moving sideways with no proper destination in sight. Cardano 1-day chart Source: ADAUSD TradingView The price has 3 possible directions to move, up, down, or sideways. However, discerning which direction is largely...Read More
Digital silver’s golden run has hit a major bump thanks to digital gold. Litecoin, the seventh-largest cryptocurrency in the market with a market capitalization of $3.8 billion saw its price shoot up over the past week, as Bitcoin surged over $10,000 and above. However, with the recent backtrack in the latter’s price, losing 7 percent...Read More
After hitting levels [$12,100] last seen a year ago, bitcoin witnessed a crash that dumped the price to $10,559. Not only did this cause liquidation of positions worth a billion-dollar but also reset market sentiment from extremely greedy to greedy. Trading just above $11,000, there seems to be a visible fear among bulls as the...Read More
Altcoins traders are fickle, most go by one indicator, and it’s not related to altcoins at all. With Bitcoin holding 65 percent market dominance, traders look to the king coin as an indication of altcoin trends, in the reverse direction albeit i.e. when Bitcoin trends down, buy alts, and vice versa. This theory was put...Read More
Bitcoin’s push over $10,000 and above have divided the altcoins into two categories, those that go along with the king coin, and those that do not. Among the thousands of altcoins in the market XRP, the second-largest altcoin in the market represents the former, Chainlink, one of the best performing alts in the market over...Read More
The king coin with $219 billion in market capitalization holds nearly 65 percent of the entire dominance of the cryptocurrency market, and its massive 25 percent price increase has indeed anchored an altcoin upswing, particularly in the Ethereum Classic, Tezos and Monero markets. Source: BTCUSD via CoinStats Ethereum Classic [ETC] Source: ETCUSD via Trading View...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movement over the next 24 hours Towards the end of July, XRP’s price action seemed to come across strong bullish momentum on the charts. While the second quarter of 2020 wasn’t very promising for XRP, something evidenced by the crypto dropping a place...Read More
Disclaimer: The findings of the following article attempt to analyze the evolving trends in the long-term Litecoin market and its impact on the crypto’s price Litecoin has been noting significant gains on the charts recently, with LTC’s market cap boasting strong growth as well. In fact, according to CoinMarketCap, Litecoin’s market cap of $3.89 billion...Read More
As is often the case, Bitcoin’s latest price hike had a profound effect on the rest of the crypto-market, with many altcoins following BTC’s lead and recording gains of their own. At press time, BTC was priced at $11,639 with a 24-hour trading volume of $25.4 billion. Source: Coinstats However, the impact of the world’s...Read More
After months of apprehension, the crypto-market finally seems to be taking flight after Bitcoin surged over the past week, a surge that was replicated by most of the market’s altcoins. Owing to the world’s largest cryptocurrency correlation stats, the rest of the market profited off its gains. However, not all altcoins shared in this joy...Read More
Disclaimer: The findings of the following analysis attempt to foresee Bitcoin Cash’s price movements until the second week of August Bitcoin Cash’s price has registered significant gains over the last 7 days. In fact, the fork coin has seen its trading price appreciate by over 33 percent since 25 July. This was an interesting development...Read More
Over the past 10 days, Bitcoin, the world’s largest cryptocurrency, seems to have reasserted its dominance on the market again. Not only did Bitcoin maintain its price level above its previous resistance, but its surge had a corresponding effect on the prices of the market’s altcoins. While not all altcoins appreciated on the back of...Read More
Disclaimer: The following price prediction should face a transition over the next week. With the collective market extremely bullish, it was unlikely for the top altcoins to not join in the rally. The overall market for Bitcoin SV was positive with the asset registering a spike of 2.42 percent over the past day. However, for...Read More
Bitcoin’s market dominance was on display over the previous week after an appreciation in the cryptocurrency’s value pushed the altcoin market north. Many of the market’s cryptos like Bitcoin Cash and Zcash profited off this surge in value. However, its effect wasn’t uniform or universal, with other cryptos like Cosmos continuing to correct themselves. Bitcoin...Read More
A few weeks after the crypto-community vocally predicted an incoming altseason, many of the same people are now highlighting Bitcoin’s overwhelming market dominance, thanks to the world’s largest cryptocurrency’s latest price surge. However, like is always the case, not all altcoins reciprocated the appreciation in BTC’s value, and some like Basic Attention Token continued to...Read More
After Ethereum felt short of $335 during the rally at the start of the week, many expected that the asset would not rise any further. However, after a period of consolidation, the altcoin is up by 7.75 percent over the past day, registering a new high for 2020. Ethereum is currently valued at $343 and...Read More
Binance Coin is, like the rest of the altcoin market, a beneficiary of Bitcoin’s pump over $11,000. The exchange token sits on the edge of the top-10 coins in the market with a market capitalisation of $2.89 billion, behind Crypto.com Coin. With a 25-hour gain of just 0.75 percent at press time, while alts above...Read More
Over the past few days, Bitcoin’s impact on the rest of the crypto-market couldn’t be more apparent. With the world’s largest cryptocurrency finally finding its feet, the rest of the market followed suit, with many of its altcoins recording substantial gains. For many of these alts, Bitcoin’s hike came at a good time since a...Read More
Chainlink, at the time of writing, occupied the 12th spot on CoinMarketCap’s charts with a market capitalization of $2.5 billion. While the cryptocurrency did lose a significant chunk of its value during the 12 March price crash, it has risen consistently since. Right from the start of April, Chainlink’s trading price has been on a...Read More
Disclaimer: The findings of the following article foresee transition for EOS in under a week While the rest of the digital asset market was registering new highs on its charts, for EOS, it has been more or less the same. A crypto-asset that was once in the top 4 of the cryptocurrency bracket had unceremoniously...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-hours Bitcoin has been brimming with bullish momentum lately, but the world’s largest digital asset could be reaching the end of its rope. Between 21 July 7:00 UTC and 27 July 22:00 UTC, Bitcoin’s price literally spiked within the parabolic curve illustrated below...Read More
Among XRP, IOTA, and Digibyte, IOTA seemed to be the only cryptocurrency showing the short-term promise of a surge. With Bitcoin climbing above $11,000, the market seemed to have returned to normal. However, that also meant that altcoin dominance was being overshadowed by BTC’s. XRP Source: XRPUSD TradingView The price of XRP, at press time,...Read More
Bitcoin’s price over the past few days has seen some renewed bullish momentum, enabling the king coin to push past its resistance at around the $10k mark. In the case of altcoins such as Bitcoin SV and Ethereum Classic, their values have fallen over the last few days. However, such a dip in value was...Read More
With Bitcoin’s dominance growing steadily off-late, the altseason seems to have come to a halt. The same can be seen in Tezos’s falling price, an altcoin that has been one of the market’s best-performing cryptos this year. Since 24 July, the price of XTZ has fallen by 17%, with more corrections perhaps on their way....Read More
