The digital asset industry is currently nursing a bearish pullback as the total crypto market cap dropped from $272 billion to $264 billion. As a result, the majority of the crypto assets were affected in the space, and the coins continued spiraling downwards at the time of writing. Bitcoin SV [BSV] BSV/USD on Trading View...Read More
Bitcoin SV, the persistent hardfork of a hardfork of Bitcoin has now become a mainstay in the top-10 coins in the cryptocurrency market. Currently placed on the eighth spot with a market capitalization of $3.41 billion, behind its big-brother Bitcoin Cash which has a market capitalization of $4.3 billion. Looking at the price of BSV,...Read More
Taking a leaf from the Bitcoin playbook, Ethereum, the largest altcoin in the market has been playing stable. Since the end of May, the latter has been trading sideways, going through Q2 2020 riding a massive bullish wave after a disastrous end to Q1. On March 12, as Bitcoin dropped by over 50 percent, Ethereum...Read More
XRP, now the fourth largest altcoin in the market has not had the best few months. In the recently concluded Q2 2020, the altcoin saw a quarterly price gain of less than 2 percent, its market dominance which now stands at 3.16 percent of the total crypto market fell by 1.3 percent between March and...Read More
It would be inaccurate to suggest that contrary to popular expectations, all altcoins defied the trend to note gains while Bitcoin struggled to do so on the charts. Not all alts. While the likes of Tezos and Chainlink took the opportunity to appreciate, the movements of others like Bitcoin Cash, Dash, and EOS were more...Read More
Bitcoin, the world’s largest and most-recognized cryptocurrency, continues to trade with low market volatility on the charts, with BTC, at the time of writing yet to breach its longstanding resistances. The crypto’s movements over the last 2 weeks or so have been very contrary to the expectations many had from the king coin, especially since...Read More
The altcoin market has historically been closely linked with the performance of the Bitcoin market, thanks to the high correlation indices these alts share with the king coin. Off late, however, many of these cryptocurrencies seem to be bucking this trend. While Bitcoin continues to stagnate on the charts, the market’s altcoins are rallying. The...Read More
For Cardano, it looks like the highs are continuing. Now occupying the 8th spot on the coin rankings, ahead of major cryptocurrencies like Litecoin and Binance Coin, ADA has a market capitalization of $3.2 billion, less than two weeks ago its market cap was below $2 billion. Looking at the daily-price chart of ADA, there...Read More
Litecoin may have slipped below Cardano on the price charts, but digital silver is still pushing higher, at least for now. Taking the 8th spot on the coin ladder, LTC has a market capitalisation of over $2.92 billion ahead of Binance Coin and the new entrant, with its own Twitter emoji, Crypto.com. The short-term 4-hour...Read More
As it consolidates for almost 40 days, bitcoin stands at $9,271 with a market cap of $170 billion. The top cryptocurrency has seen a 0.35% surge in the last 24 hours and has a 24-hour trading volume of $3.37 billion, making it the second-largest traded asset in the entirety of the crypto ecosystem. Bitcoin 4-hour...Read More
Among Ethereum Classic, Tezos, and Monero, only the last coin looks confidently bullish while the other two have been met with resistance. With altcoins surging in the past week or two, there is hope for all the coins to surge higher. Ethereum Classic From the above chart, it is clear that ETC is still respecting...Read More
Bitcoin, the world’s premier cryptocurrency, is yet to meet the price expectations many in the community had from it after it underwent its much-anticipated halving in May. While fundamental metrics like the no. of active addresses remain strong, BTC’s price movement has lagged behind. Consider this – over the last two weeks, the cryptocurrency’s value...Read More
Disclaimer: The findings of the following analysis attempt to analyze BSV’s price movements The cryptocurrency market seems to have lost a lot of its sheen over the past couple of weeks, with the same especially true for Bitcoin’s forks. Bitcoin SV, Bitcoin Cash’s fork, has historically been highly correlated with Bitcoin [BTC]. However, it has...Read More
Disclaimer: The findings of the following analysis aim to analyze the prevalent trend in the Litecoin market and its subsequent impact Despite little fluctuation in the price of Bitcoin, the world’s largest cryptocurrency, the overall state of the cryptocurrency market remains dull. The new eighth-largest coin in the market, Litecoin [LTC], also referred to as...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movements over the next 24 hours XRP’s price action over the past month has left much to be desired. In fact, XRP recently lost out to Tether in terms of market capitalization, dropping to fourth place on CoinMarketCap’s list. Since the Black Thursday...Read More
Over the past few weeks, while Bitcoin, the world’s largest cryptocurrency, has dithered and struggled to breach past its immediate resistances, altcoins have rallied, with the performance of many like Cardano giving fuel to expectations of an altseason once again. Like Cardano, cryptos such as IOTA and VeChain weren’t far behind on the charts either....Read More
Bitcoin – Correlated at the hip? Proponents of Bitcoin, the world’s premier cryptocurrency, have long claimed that the king coin is far from correlated with traditional financial markets, especially the S&P500. However, this claim has lost a lot of its footing over the past few months, with the COVID-19 pandemic affecting each and every market....Read More
Bitcoin, the world’s largest cryptocurrency, continues to dictate the price movements of most of the altcoin market. However, it would seem that its effect on the rest might just be waning. While Bitcoin did rise briefly before falling over the last few days, many such as Bitcoin Cash, Monero, and Dogecoin seemed to resist, which...Read More
Bitcoin fell. Not by a lot, but Bitcoin fell over the past 24-hours. At press time Bitcoin was being traded at $9171 with a 24-hour trading volume of $5.7 billion. Source: CoinStats And the effects of Bitcoin’s fall, owing to the high rates of correlation between the king coin and the alts, were felt by...Read More
Can Ethereum lead the altseason? Another day, and another altcoin that can supposedly lead the altcoin season. Ethereum is in the news again after noted trader and analyst Peter Brandt claimed that ETH is in a great position to do so after he observed a breakout on the ETH-BTC charts. “Most alts should gain on...Read More
Bitcoin’s brief foray above its immediate resistance failed. Again. As always, the king coin’s movement down the charts had a ripple effect across the altcoin market, with other cryptos like Litecoin, EOS, and Brave’s Basic Attention Token feeling the heat too. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin, now the eighth-largest cryptocurrency in the market,...Read More
Whenever a new technology or concept comes on the scene there are always those who will rush to study its ins and outs, as well as those who ignore the small print and dive straight in. Cryptocurrencies and blockchain technology are no different, with apps like Coinbase kidding many folks into thinking they have become...Read More
Disclaimer: The findings of the following analysis attempt to foresee Chainlink’s price movements until the last week of July Chainlink was launched only in June 2019. However, a few weeks since its 1-year anniversary, the coin’s price on the charts seems to be unstoppable. LINK’s recent movements have been an extension of the recovery it...Read More
Disclaimer: The findings of the following analysis try to analyze the short-term impact of the price movement in Tezos’s market. The fourteenth-largest coin on CoinMarketCap’s list, Tezos [XTZ] was reporting a market cap of $1.93 billion while being traded at $2.62, at press time. With a YTD of 96%, XTZ’s market has already exhibited its...Read More
The cryptocurrency market, for many traders, is now proving to be a good investment. Despite Bitcoin being stuck in a sideways motion for a long time, the same hasn’t been reciprocated by the altcoin market, with many of these alts showing signs of decoupling from the world’s largest cryptocurrency. XRP Source: XRP/USD on TradingView XRP,...Read More
Many of the market’s altcoins, including Cardano, Cosmos, and Digibyte, are hinting at a retracement after a healthy, exponential pump on the charts. While some of these didn’t have many developments to speak of, others like Cardano showed promise, especially in light of the upcoming hardfork for the implementation of Shelley. Cardano [ADA] Cardano’s price...Read More
Despite Bitcoin’s lackluster performance in the past week, the month of July seems to have provided significant momentum for the altcoin market to surge in terms of its trading price. Popular altcoins like Bitcoin Cash, Monero and FTX Token registered up to 11 percent in terms of a price hike since the start of the...Read More
While Dash and ETH are seemingly bullish, BAT is eying for a retracement to its immediate support. This comes at a time when altcoins are surging while Bitcoin heads down. Ethereum [ETH] Ethereum has seen a small pump leading to the breach of the resistance at $234.43. A retest of this seems plausible but the...Read More
For many of the altcoins, the past few days have been very promising. While Bitcoin continues to remain below $9500, many popular altcoins like Litecoin and Ethereum Classic have registered significant gains in the past 48-hours. Source: Coinstats The king coin, however, at press time was trading at $9287 with a 24-hour trading volume of...Read More
The DeFi Conference 2020 hosted by Bitcoin Events, is a feature-packed free event for anyone to attend and learn about the opportunities that decentralized finance offers to individuals and organizations alike. Decentralized finance (more commonly known as ‘DeFi’) is growing rapidly, spawning investment and attention from many corners of the finance world. The world of...Read More
