Bitcoin’s price had crossed $35,000 at press time (On the back of Elon Musk’s Twitter update), amid high volatility on the stock and crypto-market as the likes of GameStop Corp and Dogecoin pumped across the board over the last 24 hours. According to many on-chain analysts and market watchers, this surge in trade activity is...Read More
Social media personality Mia Khalifa of OnlyFans fame has publicly endorsed Dogecoin. On 29 January, the celebrity took to Twitter to state that she invested in the popular “memecoin” and said: Okay I caved and bought the dog stocks lmaoooooo — Mia K. (@miakhalifa) January 29, 2021 When Khalifa published the Tweet, Dogecoin was trading...Read More
Ethereum’s price, at press time, was hovering around the $1,300-level, with the altcoin under a lot of selling pressure since hitting the $1,472-level. At the time, the altcoin was 11.6% below its ATH, with the market capitalization dropping to under $150 billion. Curiously, according to some, the drop in Ethereum’s price might be blamed on...Read More
As GameStop GME stocks surged from $19.79 to a high of $380, in the past week, Hedge fund Melvin Capital and Citron Research lost billions due to the WSB short squeeze. However, this week has been about the Reddit community of day traders, WallStreetBets or WSB that undoubtedly, for better or for worse, made its...Read More
After recording a peak of $42k earlier in the month, Bitcoin‘s price fell on the charts, with its bullish momentum giving way to a period of corrections and consolidation, until Elon Musk inadvertently intervened with a Twitter bio update. On the contrary, Chainlink has surged lately, with the altcoin registering its ATH just a few...Read More
With Ethereum working towards transitioning to a complete PoS Layer 2 network, many in the community are concerned about when mass adoption may be incoming. This question was recently answered by Anthony Sassano, Founder of The Daily Gwei, during a recent interview when he said that it will be “soon incoming.” In an interview with...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The cryptocurrency market is bleeding once again, with the value of Bitcoin steadily depreciating over the last few trading sessions, at press time. Meanwhile, the closely-linked altcoin market has also been highlighting the change...Read More
Bitcoin Cash was trading within a descending channel as the market’s bears slowly forced the prices lower. STEEM saw a surge of about 34%, but retraced most of it within a matter of minutes, while Maker was in a phase of consolidation. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin Cash was trading within a...Read More
Ripple has successfully completed an investment in Money Tap, according to a notice released by Japan-based SBI Holdings earlier today. Following the said investment, Ripple has now become the largest external shareholder of Money Tap with a 33% ownership stake in the company. Ripple first announced its plans to invest in Money Tap back in...Read More
Elon Musk, popular tech entrepreneur and Tesla CEO, is making waves yet again after he changed his Twitter bio to include “Bitcoin.” Right now, the said bio shares a distinct similarity with the one owned by Twitter CEO Jack Dorsey, who himself is a Bitcoin proponent. What is even more newsworthy, however, is the fact...Read More
Stellar Lumens approached the upper boundary of its range with bullish momentum, but was rejected, and would need to rise above $0.33 to achieve a breakout. Augur formed a triangle pattern and could retest the $17.3-level once more before embarking on a strong move. Finally, VeChain appeared likely to lose a level of support at...Read More
Flare Networks is in the news today after it announced that it will integrate Dogecoin (DOGE) prior to the launch of its Mainnet. This development will allow Dogecoin to be used on Flare, along with scalable EVM-based smart contracts. Interestingly, Flare’s decision to integrate DOGE was based on the results of a community poll held...Read More
Bitcoin is undergoing yet another volatile phase amid FUD and anticipation of the Chinese New Year’s influence on markets. The asset’s price even slipped as low as under $30,000 from its earlier range of $34,000 and more. Recently, Eric Peters, CEO of Connecticut-based OneRiver Asset Management seemed to assure investors and traders that the volatility...Read More
Historically, the Chinese Lunar New Year or Spring Festival has influenced the Bitcoin market. Most often, the asset’s prices dip in the days leading to the event, over the years. Analyst at Singapore-based Stack Funds shed more light on Bitcoin’s performance with regard to the upcoming holidays. Head of research Lennard Neo expected market selling...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Earlier this month, Bitcoin Cash soared to as high as $600 with a candlewick as far north as $629. Subsequent retracements tested the $400-region, but on the longer timeframe, the $400 and the $460-levels...Read More
With the Mary hard fork around the corner, the Cardano blockchain will soon see some significant updates. These include token forging and a multi-asset ledger, both of which will pave the way for decentralized applications (DApps), native tokens, and DeFi use cases. This was the roadmap highlighted by the Cardano Foundation’s Elliot Hill in a...Read More
The crypto-market’s altcoins tend to follow Bitcoin and when the king coin registers price corrections, it is common to see altcoins also take a slight hit. Such has been the case of late as in the last 24 hours alone, cryptos such as Tezos, BAT, and Decred have endured spells of sideways movement on the...Read More
Coinbase has officially announced its plan to go public by way of a direct listing, according to a blog post on Thursday. The post stated: Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to...Read More
Bitcoin’s price endured quite a few price corrections after it touched its most-recent ATH around the $42,000-mark. Corrections would be an understatement, perhaps, since Bitcoin’s price has fallen by over 15 percent in the last three days alone, with the cryptocurrency trading at $31,181 at press time. Understandably, BTC’s performance has fueled speculations that the...Read More
Bitcoin‘s recent all-time highs definitely grabbed the attention of global market watchdogs. Although the crypto-market may be going through a period of corrections, its potential has alerted Central Banks across the world. In fact, while the attention it received brought a lot of support, regulators have also increasingly been taking note of the legal functioning...Read More
Binance’s new blockchain, Binance Smart Chain [BSC], has been a recent addition to the crypto-exchange’s ecosystem. The BSC already features over 100 projects, with the team now planning to develop the Decentralized Finance [DeFi] infrastructure. In fact, according to a recent blog highlighting the BSC’s roadmap and vision for the year 2021, BSC was able...Read More
DeFi has seen a lot of growth and hype over the past year. 2020, in retrospect, had a lasting impact on the cryptocurrency ecosystem. It saw both historic lows and highs with regard to Bitcoin’s valuation, along with gargantuan growth for the DeFi space. In fact, according to data from DeFiPulse, DeFi’s total value locked...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP was trading at $0.255 with a market cap of $11.6 billion, at press time. After the SEC’s lawsuit, the crypto’s price has remained more grounded than usual. Being unresponsive to this bull run...Read More
GameStop took over the Internet and stock market alike, as shares of the video game retailer surged over 400% this week and nearly 1,750% this year. Meanwhile, shares of AMC Entertainment ballooned 300% over the week. However, reports state that brokers have paused trading activity for GameStop, AMC Entertainment, BlackBerry, and Koss on 28 January....Read More
Ethereum registered a lot of bullish momentum on the charts as 2020 came to a close. On the back of Bitcoin’s bull run, 2021 has also been very promising for the cryptocurrency. In fact, even as Bitcoin struggled to maintain the $32,000-price level, Ethereum ended up securing its latest ATH. However, since then, the situation...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano‘s price seemed bullish over the medium to longer timeframes. However, switching to a lower timeframe of 1-hour highlighted the opposite. Although ADA was stuck inside a bearish pattern, a bullish breakout can be...Read More
Tron seemed to be trading within a range and could prove to have some short-term bullish momentum if it rises above $0.0296. Algorand defended a region of demand from the market’s sellers, while Compound saw the strength of its uptrend wobble. Tron [TRX] Source: TRX/USDT on TradingView TRX has traded within the range of $0.0272...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The crypto-market has been in a state of consolidation for a while and many altcoin traders are moving to sell their digital assets across the board. Stellar Lumens [XLM] has been in a long,...Read More
EOS found strong support around $2.44, but this level was weakened due to multiple retests and could break over the coming days. Waves registered a short-term downtrend and faced resistance at $6.6, and support at $6. Finally, DASH defended the $94-zone over the past few days as selling pressure continued. EOS Source: EOS/USDT on TradingView...Read More
Popular social media platform Reddit is in the news today after it announced a partnership with the Ethereum Foundation, with the development establishing Reddit’s first-ever blockchain partnership. The goal behind the same is to accelerate the scaling process and resources for the Ethereum ecosystem and bring the value of blockchain technology to Reddit’s community of...Read More
