Daemon Technologies, a firm based in Hong Kong, will now drive the adoption of Stacks technology to support cryptocurrency mining communities in Asia according to its launch tweet. Excited to announce my next chapter in the @blockstack and #stacks ecosystem! https://t.co/JRdZPeDwhi — Xan Ditkoff (@XanDitkoff) August 31, 2020 The firm stated that Asian mining communities were...Read More
XRP recorded a huge spike in buying interest recently, with the price noting significant gains over the same period. However, there are still important resistance zones for XRP to conquer before it can look above $0.45, a level it has traded under for over a year now. Further down the cryptocurrency ladder, Ontology was trading...Read More
Like Bitcoin, Ethereum didn’t show a lot of strength among buyers or bulls, at the time of writing. In fact, ETH’s price looked toppy. After tapping the $420 level 6-7 times in less than two weeks, ETH might go under it once again. On the daily time frame, ETH’s price was showing signs of what...Read More
Cardano and Decred were noting bearishness in the near-term. A case for Cardano being able to reverse its downtrend can be made if it were to reclaim the significant resistance level it recently lost. At the time of writing, NEM was registering a retracement after its most recent surge. Decred could be headed further south...Read More
Off-late, Bitcoin has been moving sideways on the charts and hasn’t exactly been the center of attraction either. Today, DeFi, yield farming, and liquidity pools are the hype. While DeFi has temporarily stolen the spotlight, altcoins seem to be enjoying Bitcoin’s respite. One thing to note here is that despite Bitcoin’s almost-dormant price action, the...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the same should materialize over the next 24-48 hours After a bullish return on the charts, Chainlink seemed destined to reclaim a position above $18 after going past $17.50 over the last 24-hours. However, the last resistance before the $18-mark...Read More
Ethereum Classic’s price charts reflected the tumultuous time its network has been facing lately following the third 51% attack in the month of August. On the contrary, IOTA bounced strongly off its support and the direction of its movement over the next couple of weeks can dictate its long-term performance. However, Maker was unable to...Read More
Bitcoin was trading at $11,620, at press time, with the cryptocurrency showing signs reminiscent of the beginning of a bull run like the one in 2017. However, crypto-exchanges continue to perform woefully during times of volatility that are characteristic of the crypto-market. A surging Bitcoin could drag the value of the market’s altcoins too, most...Read More
Disclaimer: The findings of the following article attempts to analyze the emerging patterns in Bitcoin SV’s market and its impact on the price Bitcoin SV’s price has been consistently noting bearish pressure, just like the rest of the market. The crypto-asset’s recent stint below $200 felt like the last straw had been drawn, with some...Read More
Bitcoin Cash, at the time of writing, was showing signs of bullishness, with the asset attempting to reverse the downtrend of the past few days. However, a confirmation of the same could still take a few days on the charts. On the contrary, DigiByte was struggling under strong bearish momentum. Further, Cosmos noted excellent gains...Read More
Many major altcoins showed signs of reversing their recent downtrend. Binance Coin appeared to be caught in a range and consolidating. Tezos has been steadily dropping since hitting an ATH. Enjin approached a region of confluence and any break-out from this region can be expected to be a strong move. Binance Coin [BNB] Source: BNB/USDT...Read More
BAT lacked a significant trend in the short-term as it retraced to important levels after a recent surge. EOS could be flipping from bearish to bullish momentum. Litecoin continued to show bearishness. Basic Attention Token [BAT] Source: BAT/USD on TradingView BAT was trading at the 38.2% retracement level, after its spike to $0.443. It briefly...Read More
XRP was trading near an important zone, above which is possible safety. Failure to close above this level could mean XRP might be in store for a significant drop. Chainlink showed strong bullish momentum that could propel it towards ATH once more. Dogecoin lacked notable momentum but could reclaim a resistance as support in the...Read More
Bitcoin has hit $12,400 and $11,100 within the last two weeks but still, the price is range-bound. The range being $12,500 to $10,850. Since bitcoin’s tap at the $11,500 low on August 5, the price has managed to form a bearish pattern – rising wedge. Hence, in the short-term bitcoin has a bearish outlook. Bitcoin...Read More
Cardano’s descent has been quick and steep but the coin looks primed for a reversal. At press time, the coin needed to drop to immediate support before it can actually reverse the downtrend. Dropping from the 8th rank, ADA had a market cap of 3.58 billion and had seen an 8.1% decline in the past week...Read More
Bitcoin dipped to $11,200 zone after reaching $12,500 in the past two weeks. This downward move caused losses across the market, with some coins seeing much of their recent gains wiped out. As Bitcoin regained strength, so did many of the major altcoins. Bitcoin Dominance was at 61.03 at the time of writing and trending...Read More
Bitcoin SV had been on a downtrend for the better part of August; Algorand showed signs of lowered volatility and pointed toward consolidation. Steem registered large moves both upward and downward, and indicated where good trading opportunities were. Algorand [ALGO] Source: ALGO/USDT on TradingView ALGO set a local high at $0.75, but was forced back....Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Bitcoin Cash’s long-term market and its impact on the price While the Bitcoin Cash upgrade has been scheduled for 15 November, there has been a longstanding debate about the fork coin’s difficulty adjustment algorithm [DAA]. Despite the many controversies BCH seems to be embroiled...Read More
At the time of writing, Bitcoin seemed to have briefly reclaimed the $11,500-mark, before dipping into the mid-$11,400’s, again. The world’s largest cryptocurrency showed some bullish signals on the charts, however, and could reclaim $11,800 if buyers seize control. Similarly, IOTA appeared to have broken out of its downtrend and looked ready to initiate an...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price Litecoin’s price had been consolidating between $40 and $50 for a long time, post the Black Thursday crash in March. Despite being the 7th largest cryptocurrency by market cap, the coin did, however, note quite...Read More
At the time of writing, Ethereum was trading just beneath a level that could be pivotal for setting an uptrend. Failure to breach this resistance might consign Ethereum to testing lower ranges on the charts for a while. Further, Algorand and Decred were noting very little momentum in the market, with traders watching from the...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in XRP’s long-term market and its impact on the price Despite being the market’s third-largest cryptocurrency, the price of XRP has failed to sustain the growth it registered during its most recent market rally. XRP’s yearly peak was observed back in February, a time when...Read More
Binance Coin regained most of the losses following its most recent pullback, with BNB prepping for another upward move on the charts. At the time of writing, VeChain was showing strong bearish signals, while also exhibiting signs of a potential reversal that could play out in the coming days. EOS was another cryptocurrency that was...Read More
Tezos and Monero seemed to be caught in a downtrend from mid-August. However, while Tezos showed signs of continuing bearish momentum at press time, Monero might just have turned a corner by showing signals of bullishness. Dogecoin remains the Internet’s favorite memecoin, but traders and investors seem to have lost their interest in the asset....Read More
Disclaimer: The following article expands on what might be expected from Bitcoin SV’s price movement over the next few weeks Bitcoin SV’s downtrend started the day it registered its high of $260 on the 2nd of this month. While the forked asset managed to recover from $197 mid-month, over the last week, the bearish pressure...Read More
2017 was a breakthrough year for cryptocurrencies. With Bitcoin reaching $20,000, a lot of attention was garnered on the digital asset ecosystem. However, with investors taking a serious interest in other crypto projects as well, the ICO boom was born, which left a black mark on the industry. ICO scams became a major issue as...Read More
Bityard has recently launched a new “innovation zone”, and will stay committed to providing users with more diverse trading options and services. As the world’s leading cryptocurrency contract exchange, Bityard always values the users and will continue to optimize its products in order to provide users with better cryptocurrency trading services. There are eight crypto...Read More
Decentralized Finance, frequently shortened to DeFi, is a new type of electronic banking system that has been generating buzz within the crypto community and beyond. To date, the DeFi space accounts for more than 4 billion in crypto-assets and is shaping the future of digital finance. What is DeFi and What Sets It Apart within...Read More
A persistent market downtrend has been the norm over the past few days, with Bitcoin’s price fortunes having a ripple effect on the rest of the market’s altcoins. This was the case with Chainlink, Zcash, and Ethereum Classic as well, and it is likely that these altcoins will continue to note significant corrections on the...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the long-term Ethereum market and its impact on the price Etheruem has gotten off its rallying horse, with the cryptocurrency noting a significant dip in value over the past week. There have also been issues related to the gas price due to congestion on...Read More
