Chainlink registered short-term bearishness and was headed towards its level of support at $12.65 once more. Ontology bounced off the $0.54-level of support while Decred was trading in a region where a break to either direction could decide the direction of the next move for the crypto-asset. Chainlink [LINK] Source: LINK/USD on TradingView LINK broke...Read More
Following news of the partnership with Wolfram Alpha, Cardano Founder Charles Hoskinson has revealed that Cardano will be giving developers the freedom to choose and customize their own Oracle solutions soon. The Oracle Access Layer will offer a rich oracle query experience, according to Hoskinson, and it will allow developers to choose from several sources...Read More
Litecoin shot upwards and sailed past the $100-level of resistance while Waves faced strong selling pressure and ceded a level of support to the market’s bears after it lost nearly 18% of its value within a span of five days. Finally, FTX Token exhibited a bearish divergence on the charts and it could see a...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With Bitcoin SV, the trend has been neither bullish nor bearish over the past few weeks. Whenever the market has rallied higher, its range limits have been $200-$220, while a decline would allow the...Read More
Bitcoin’s dominance continued to rise and stood at 67.13%, at the time of writing. While some large-cap altcoins stagnated, others surged on the charts. Bitcoin Cash posted strong gains over the past few days and some consolidation around $374 could be seen too. Cosmos bounced off the $5-level and was likely to bump into the...Read More
A database from hardware wallet company Ledger was leaked earlier today. The leaked data, which consists of over 270,000 physical addresses and phone numbers along with a million email addresses, was made publicly available on hacker website Raidforms. According to reports, the data in question was stolen during a hack of Ledger’s e-commerce database back...Read More
MicroStrategy broke the silence when it invested in Bitcoin. It changed how institutions viewed Bitcoin from an investment perspective. From skeptics criticizing [critiquing] Michael Saylor and MicroStrategy’s investment decision to the very same people dipping their toes in Bitcoin investments, things have changed for the better in the last quarter. However, was MicroStrategy’s decision good?...Read More
Bitcoin’s latest bull run has made history, with the cryptocurrency’s price touching never-before-seen levels day after day. In fact, the past 24-hours alone saw BTC surge to breach the $24,000-mark on some crypto-exchanges. Following Bitcoin’s rally, a new all-time high (ATH) for Total Value Locked (TVL) in DeFi was also marked, with the same going...Read More
Bitcoin’s price movements are critical to Bitcoin’s adoption and price trend, especially since many new traders are just entering the market on spot exchanges. While seasoned traders may be looking for a place to park funds, make trades, and identify the right exchange that facilitates such a trade, their trade decisions are based on key metrics...Read More
Tron dipped as far south as $0.027 two weeks ago, but it has recovered since after posting steady gains as the market’s bulls reclaimed the important $0.03-level from the market’s bears. Aave faced a ceiling around the $94-mark and VeChain formed an ascending triangle pattern that could see a bullish breakout. Tron [TRX] Source: TRX/USDT...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Litecoin supporters still value it, which is the only reason it is still around. Apart from being considered as the silver to Bitcoin’s gold and having cheaper, faster transactions, it doesn’t seem to be...Read More
Price discovery beyond $20,000 was a pipe dream for both institutional and retail traders two weeks ago. Now, with Bitcoin trading at $23,511 at the time of writing, there is a lot of anticipation around further price discovery. Interestingly, Bitcoin’s mean transaction volume (2d MA) has fallen significantly in the past 24-hours, with the current...Read More
Monero traded within a range over the past week and while it lacked momentum in the short-term, its long-term outlook remained strongly bullish. Polkadot formed a bullish reversal pattern, one that could break out to see the price move towards $5.8, while Compound treaded water above the $152-support level to denote a phase of consolidation....Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Bitcoin has seen a good surge since September began. In fact, the price surge has been more than a hyperbole since 12 December. Although not surprising, this surge could be something to be wary...Read More
Bitcoin’s decoupling with Gold and its inverse relationship with stocks has been covered widely by mainstream media. The missing link is its impact on U.S Government bonds. Previously considered to be a non-issue, the negative yields on government bonds have got on-chain analysts and investors thinking about this perspective. Preston Pysh is one of them,...Read More
Bitcoin SV rocketed past a crucial retracement level, but it recorded some underwhelming trading volume when doing so. Basic Attention Token was on a strong uptrend, one that could take it past the $0.27-resistance level in the coming days, while OKB noted a possible lack of buyers’ conviction, despite its recent gains. Bitcoin SV [BSV]...Read More
Michael Saylor, CEO of MicroStrategy and the man who put $800 million in Bitcoin this year, is possibly one of the strongest advocates for the bullish narrative around Bitcoin, despite his skepticism about the same a few years ago. Unsurprisingly, today he is of the opinion that more institutions should make allocations to the crypto-asset,...Read More
Stellar Lumens was in a consolidation phase after its strong performance in November. In the short-term, it lacked any momentum and the $0.172-level of support can be expected to hold. Synthetix’s charts noted a bearish divergence, but the bulls could be back in control after a minor dip. Nano retraced some gains from late-November and...Read More
Earlier today, the Filecoin network was brought to a halt due to a bug, one which led to most nodes being stuck at height 336459 with mismatched state compute errors due to indeterminate behavior. The bug in question was quickly identified, however, with the team able to get the network back and running in just...Read More
The altcoin market did not move as a unit. In fact, while some large-cap coins such as Litecoin saw huge gains and EOS, NEM registered strong performances across the board, Zcash underlined short-term bearishness. EOS Source: EOS/USDT on TradingView EOS formed a falling wedge, one that broke out above the $3-level of resistance, and at the...Read More
The market is hot with cryptos’ prices going through the roof, with hardly any altcoins having a very rough time in the market recently. Chainlink’s native token, LINK, has also boomed with growth, despite its inconsistencies. In fact, LINK was returning 667% to its investors year-to-date. Although the price of the digital asset seemed to...Read More
With Bitcoin trading above $23,000 emerging to become the new normal, institutions and Bitcoin whales are driving price discovery into previously unchartered territories on the price charts. This doesn’t come as a shock to maxis and on-chain analysts, however, with Willy Woo recently quoted as saying, “$100,000, I would rate as very conservative, probably overly...Read More
What does Bitcoin’s latest hike tell us about its investors? Bitcoin has been in the news for all the right reasons lately. With 2020 drawing to a close, the coin has managed to do a repeat of the 2017 bull run and in the process, it has managed to create a new ATH by quite...Read More
Ethereum clocked in a new price high for the year on the 17th of December, surging to $676 on the price charts. Soon after the new ATH was attained, however, the CME Group revealed a very important addition to its platform. According to an official announcement, the CME Group will be adding Ether Futures to...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice XRP’s price hasn’t really fared well since the start of December. While the world’s largest cryptocurrency Bitcoin managed to go past key resistance levels, the price of XRP continued to trade within the confines...Read More
The past week saw Bitcoin come close to $24,000 as it shattered previous resistance levels and registered a new ATH on the charts. Such bullish momentum has translated well for the altcoin market, thanks to its high correlation with the world’s largest and most dominant cryptocurrency. Popular altcoins like Binance Coin, Dash, and Augur all...Read More
An interesting observation recently made by Willy Woo on the 18th of December 2020 was that over a period of 11.2 years, $1 invested in Gold appreciated to $1.82 whereas Bitcoin appreciated to $2,98,31,200. Now, there is enough literature associated with how Gold and Bitcoin are correlated and how the correlation drops periodically. However, this...Read More
With the world of decentralized finance [DeFi] becoming an important part of the crypto-ecosystem, many projects from the field are gaining a lot of attention lately. Chainlink’s decentralized oracle network has been one of the most popular projects in the world of DeFi. Adding to this popularity, Bounce Finance, a decentralized auction protocol, has just...Read More
The bulls are here and Bitcoin’s price is once again raging. The market’s top cryptocurrency successfully marked a new all-time high at $23,777 a few days ago. In fact, despite corrections, BTC’s value was continuing to hold above $22k with a press time price of $22,863 and a market cap of $425.68 billion. So, what...Read More
When Bitcoin’s price crossed $23,000, the market volatility dropped. With Bitcoin’s price trading within its newly-discovered price range, it seemed to be closely bound to the $22,500-level. In fact, at the time of writing, Bitcoin was valued at well over $23,000. In such a scenario, $22,300 comes across as the support level, an observation supported...Read More
