Bitcoin’s latest attempt to climb on the charts has been met by some degree of success, with the world’s largest cryptocurrency, after a long time, managing to hold a level above the psychological resistance of $10,000. At press time, Bitcoin was being traded at $11,736 with a trading volume of $8.3 billion. Source: CoinStats Such...Read More
Disclaimer: The following article attempts to analyze the evolving pattern in Chainlink’s long-term market and its impact on LINK’s price Unlike most cryptocurrencies in the market, Chainlink has been climbing the price ladder for a long time now. Despite the larger market noting staggering periods of depreciation recently, its growing market capitalization has pushed LINK...Read More
Disclaimer: The findings of the following article analyze the present volatility in the market after Bitcoin’s recent breach of $11,500 After perfectly moving in line with the rest of the crypto-market, Bitcoin, the world’s largest cryptocurrency, finally registered a rally of its own after BTC surged over the crucial $11,500-mark. While many expected BTC to...Read More
XRP, IOTA, and even the recently-popular Dogecoin were all facing resistances, at the time of writing, with these cryptos headed down towards their immediate supports on the charts. However, these cryptos are likely to have a brighter future in the near-term, with a surge of at least 10% expected. XRP Source: XRPUSD on TradingView With...Read More
The last few months have been pretty fruitful for Cardano. Not only did its native cryptocurrency, ADA, perform exponentially on the charts, but Cardano also hit a major milestone recently following the much-anticipated Shelley hardfork. In what is more good news, popular crypto-exchange Bitfinex has announced that it will be listing ADA on its platform,...Read More
Bitcoin, the world’s largest cryptocurrency, managed to surge past $11,500 over the past few hours. However, altcoins such as Ethereum, EOS, and Cosmos seemed to have missed the cue as they couldn’t piggy-back on the rally. Ethereum continued to struggle in its attempt to breach the $400 range, whereas EOS registered a minor drop. For...Read More
At the time of writing, Tezos was ranked 13th on the charts with a market cap of $2.32 billion. With XTZ priced at $3.14, the crypto was registering a decline of 1.05% over the last 24 hours. However, when XTZ’s lower time frame charts are observed, it would seem that more of these declines may...Read More
The month of July re-introduced the cryptocurrency market to price volatility, one that resulted in the market’s large-cap cryptos surging and even dumping slightly on the charts. However, this volatile market did contribute to some cryptos gaining significantly. At press time, many of these cryptocurrencies were still undecided over which trend to follow. Litecoin [LTC] ...Read More
The likes of Bitcoin SV, Monero, and BAT token continued to dwell in sideways movement after the depreciation on 1st August. With the consolidation phase extending beyond 48 hours, anticipation looms large on whether the next breakout is going to be bullish or bearish. The aforementioned altcoins have a different perspective over the past 24-hours...Read More
For Bitcoin, its current price position is not typically on unfamiliar grounds. However, the narrative was completely different for Ethereum. The largest altcoin is currently trading at a range last witnessed during mid-2018. So it is fair to say for Ethereum, there is a little more to lose. With the trend outrightly bullish over the...Read More
The cryptocurrency market broke out of the long crypto-winter that restricted the price of most major assets between their immediate resistance and support. However, for the third-largest digital asset, XRP, this sudden boost was much-awaited since February 2020. As XRP bounced between $0.2141 and $0.1701, the market had reached a low point, even as investors’...Read More
The struggle with $9,000 and even the $10,000 levels were taxing on bitcoin but the journey ahead might not be the same. The bull run of 2016-17 blew past the ATH of 2013 bull run. Hence, we can assume that $20,000 will not be a huge level of resistance. As for the important level, the...Read More
The larger coin market is awash in green as Bitcoin held above $11,000 for the second straight day, after its 8 percent hourly drop on the weekend. Top altcoins like Ethereum and XRP have seen massive surges. The highest gaining coin in the top-10, however, is Chainlink with a 10.7 percent 24-hour gain. Caught between...Read More
Within a day (1 August 2020), the collective industry seemed to be back on track as a majority of the top altcoins registered positive gains over the past day. XRP, Chainlink, and Tezos were some of the frontrunners with LINK leading the pack in the charts. XRP 1-hour chart XRP/USD on Trading View After reaching...Read More
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
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
