The altcoins market’s recent price movement may lead many people to believe that an altseason is indeed on its way. However, despite such hopes, the effect of Bitcoin’s price fortunes continues to be profound. The last few days were a reflection of that, with the rest of the market taking Bitcoin’s lead to record significant...Read More
The appreciation in Bitcoin’s price a few days ago had a profound effect on the value of the crypto-market’s altcoins. This was to be expected since despite many expecting an altseason in the near-term, the world’s largest cryptocurrency remains highly correlated to the rest of the market. At price time, Bitcoin’s price stood at $9510...Read More
Bitcoin, the world’s largest cryptocurrency, hiked by a significant degree a few days ago, a hike that came as a relief for many, especially for those who were getting concerned about the stagnancy on the price charts. Owing to its high correlation with the market’s alts, the rest of the market was quick to follow...Read More
Disclaimer: The article attempts to analyze the evolving pattern in the Ethereum’s long-term market and predict the price trend. The second-largest cryptocurrency, Ethereum [ETH] has been preparing for the launch of Ethereum 2.0, meanwhile, the growth of the DeFi platform has been creating a lot of interest in the ecosystem. Given the building momentum, the...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Binance Coin market and its impact on BNB’s price With Bitcoin going over $9,500 earlier this week, the rest of the coin market saw a substantial boost. Binance Coin, was one of the major beneficiaries of this hike, and at press time,...Read More
Disclaimer: The following price analysis is witnessing a bearish breakout that should continue over the next 24-hours. In line with the rest of the cryptocurrency industry, Bitcoin SV was able to recapture some of the bullish momentum evident in the past few days. However, the returns were nothing to be excited about as the token...Read More
The cryptocurrency market noted a minor resurgence a few days ago after Bitcoin, the world’s largest cryptocurrency, broke from its stagnant price movement to post gains. The altcoin market was quick to follow, with the resurgence coming at a good time for the likes of altcoins such as Bitcoin Cash, Tezos, and STEEM. Bitcoin Cash...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Chainlink market and its impact on LINK’s price The unwillingness of the market’s ninth-largest cryptocurrency, Chainlink, to align with Bitcoin’s price trend has made it one of the industry’s best-grossing assets. While the market rejoiced in the return of little volatility in...Read More
Disclaimer: The findings of the following analysis should materialize by the end of July After 6 weeks of steady consolidation and reduced volatility, Bitcoin is finally registering some movement on the price charts as it breezed past multiple resistances. After the crypto-asset’s exploits on 21 July, Bitcoin consolidated above $9333 for 24-hours, following which another...Read More
Bitcoin is on the move again on the charts, with the world’s largest digital asset rising to briefly touch its resistance at $9559. At press time, BTC was trading at $9496 with a 24-hour trading volume of $17.28 million. Source: Coinstats With many of the market’s altcoins joining the bandwagon (Ethereum, for instance, hiked by...Read More
Ethereum, Binance Coin, and Ontology looked bearish at the time of writing, a surprising finding especially since it followed the latest surge in Bitcoin’s price. However, with DeFi and ETH gathering steam, the larger altcoin market seems to be enjoying a rally, and hence, this might be the best time to take advantage of the...Read More
In a previous Tezos analysis, a short position with a risk-to-return ratio of 1.69 was provided. The price not only followed through with short targets, but headed even lower [$2.77], providing total profits of 13.84% if the position stayed open. At the time of writing, Tezos [XTZ] was trading at $3.06, with its price registering...Read More
The latest price movement in the Bitcoin market pushed the price of the cryptocurrency over $9.5k, with the altcoin market also mirroring its gains soon enough. However, compared to the world’s largest digital asset, the altcoin market has been noting some pressure building up, making many alts take the bearish journey going forward. XRP Source:...Read More
Disclaimer: The following price prediction foresees a little bit of volatility as a breakout may occur under a week. After its recent ascend to over $0.193, XRP was able to resist an instant correction below the support, but over the past few days, the asset was hinting towards the possibility of a dip. With the...Read More
Disclaimer: The following article attempts to analyze the evolving trends in the Bitcoin Cash market and its impact on the price. Even though the altcoins have been witnessing independent movement from that of Bitcoin’s price action, the king coin’s hard fork Bitcoin Cash [BCH] has been unsuccessful in doing so. The Correlation between BTC and...Read More
Over the past 24-hours, Bitcoin finally registered a stark price increase in the charts after collapsing on 16th July. Currently, Bitcoin has a trading price of $9353 and a 24-hour trading volume of $6.1 billion and few of the altcoins followed its cue. Source: CoinStats However, the same cannot be said for all the assets,...Read More
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
Disclaimer: The following price prediction should materialize in the next 7-days or less. Ethereum’s sideways movement below the upper resistance of $250 and consistent movement above and below $233-$227-$216 has been fairly evident since the start of June 2020. The last significant rally was witnessed during the end of May and since then, similar to...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
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
With Bitcoin’s volatility drying up, the other side of the grass does look greener; the other side being “DeFi.” With yield farming caching on, Bitcoin volumes are recording a stark decline on the charts. Between Bitfinex, Bitstamp, Gemini, and Kraken, the total average weekly volume has gone from being a little below 1.3 million BTC...Read More
Disclaimer: The findings of the following analysis attempt to study the price trend evolving in the Ethereum market Ethereum, the world’s largest altcoin, was priced at $238 at the time of writing, with ETH testing the $240 level, but with no luck. Trading in a strong sideways channel since May, the top altcoin followed in...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
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
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
