Disclaimer: The findings of the following article will attempt to analyze the impact of emerging patterns in the long-term Litecoin market The volatility in the market has been pushing the price of most cryptocurrencies around and at present, this trend is forming lower. In fact, Litecoin [LTC] has been one of them, having broken out...Read More
Lumens, Steem, and Decred have been flashing strong signals recently, after being held back by their resistance levels for weeks. The mid-cap coins, DCR and STEEM, in particular, might witness a major surge in price, especially when compared to their performances over the past few weeks. Stellar Lumens [XLM] Source: XLM/USDT on TradingView XLM has...Read More
With Bitcoin once again inching closer and closer to $12,000, some are hopeful of the rise while others are fearful of a fall. Depending on which side of this equation you’re on, you’re either a hodler or a seller. Each side has an equal tug on the market as while hodlers are hodling on expecting...Read More
Ethereum has been enjoying one of its most active days in the market, with the crypto-asset’s price spiking on the charts after some time. Despite an active spot and derivatives market, however, the crypto-community on social media seemed to be besotted by one question only – Ethereum’s circulating supply. According to Ethereum’s founder Vitalik Buterin,...Read More
Owing to Bitcoin’s market dominance, the impact of its price performance on the rest of the market is often overwhelming. Since breaching its previous resistance level, Bitcoin’s charts seem to have plateaued, with BTC holding firm under the $12,000-mark for a few days now. However, Bitcoin’s consolidation meant that the rest of the market was...Read More
DeFi’s ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well to climb to $5.77 billion, at the time of writing. In the eyes of many, DeFi is the hot property of...Read More
Ethereum, Synthetix, and Zcash seem to be going into the weekend hopeful of upward price movement since, at the time of writing, these three cryptocurrencies were showing signs of potential. The weekly close of Ethereum for last week can be great news for what could be in store ahead. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
Bitcoin Cash‘s price movement since the beginning of the month has been stuck between the $290 – $320 price level. While the coin did manage to stay above the $300-level for a while, the past week saw BCH slump even further on the charts. At the time of writing, Bitcoin Cash was being traded at...Read More
It feels like just a few weeks ago we were talking about Bitcoin’s $10,000 breakout, and now the cryptocurrency is positioned to go past $12,000. This wouldn’t be the first time Bitcoin has broken over this level in the past few days, but if it manages to stay above the same for at least a...Read More
Over the last few months, it would seem that much of the altcoin market has been driven by its own momentum and the organic developments in its own ecosystem. This is a good thing as such movement has given credence to those who believe that one day, these alts may, to a great extent, move...Read More
After doing well to surge past its previous resistance on the charts, Bitcoin, at the time of writing, seemed to be gaining strength. While it did so, most of the market’s altcoins were reacting differently to the same. Many of these alts seemed to lack momentum on the charts, which is why many of them,...Read More
Ethereum has been indicating strong signs of bullish momentum in the cryptocurrency market. The second-largest digital asset has been on an upwards journey since mid-July and witnessed another boost in terms of its price on 13 August. As the price of Ether surged by 18.55% within a day, the value of ETH peaked at $432.94....Read More
Leaving aside the fact that Bitcoin has been a strong ‘buy’ for a number of years [except 2015 and 2018, if we’re being picky] short-term traders get very anxious looking at the immediate price movement of Bitcoin. In times like these, it is better to be a hodler than a trader, but what if there...Read More
Apart from the value of the second-largest asset, another feature driving people’s attention towards it was the spike in its gas price. The amount of fees being spent on the Ethereum network has reached an all-time high. Data from Glassnode suggested that over 17,500 ETH [USD $6.8 million] were currently being spent on fees daily...Read More
Disclaimer: The following article attempts to analyze the short-term impact of emerging patterns in the Ethereum market along with its price. On late 13 August, the Ethereum market rallied by at least 10% within 5 hours, as the price of the second-largest digital asset surged from $391 to a peak of $432. The sudden boost...Read More
With 2020 proving to be a year quite unlike any, there is a lot of debate around how cryptocurrencies can emerge quite successfully amidst the extreme uncertainty that has taken over the economy. For Bitcoin, the world’s largest cryptocurrency, 2020 was important as it underwent its third block reward halving, an event that reinforced its...Read More
Binance Coin now finds itself on the fringes of the top-10, occupying the 10th spot owing to the consolidating movement of the new entrant Chainlink following its recent surge. With a market capitalization of $3.15 billion, the exchange token is only a few million ahead of Crypto.com in eleventh with a market cap of $3.11...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a break at the time of writing, with BTC consolidating its position on the charts, rather than attempting to breach its psychological resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours. Source: CoinStats...Read More
As the largest cryptocurrency in the market, Bitcoin has been an important asset for traders. As soon as the coin broke out of its dormant stage, the BTC market saw interest flooding into the market. However, Bitcoin’s spot market has been losing a lot of volume over the past week, largely owing to the fact...Read More
Bitcoin has been around for over a decade now and one of its key features that solved the double-spend problem was its consensus algorithm – Proof of Work. Since then, however, PoW has come under increased scrutiny from many camps and with the likes of Ethereum transitioning towards Proof of Stake, there are many who...Read More
Although the journey for many altcoins in the market has been rough and volatile lately, Chainlink has continued to register high returns across the market. Given its weak correlation with the world’s largest digital asset, Bitcoin, LINK has been spiking more than any other major asset in the market. In fact, LINK was recording gains...Read More
There is a lot happening within the Ethereum ecosystem. Although Ether’s value has struggled to break above $400, at the moment, the network is witnessing astonishing levels of activity. However, the balance in the Ethereum space did not seem completely right as while a few metrics flashed warning signs, others were noting new highs. Source:...Read More
The beginning of the week saw many of the market’s cryptos struggle under pressure. While most of these cryptos followed Bitcoin’s trend of falling prices, other small altcoins acted independently and registered price surges of their own. The changing tide in the crypto-market once again highlighted the weak correlation between Bitcoin and small-cap assets since...Read More
Disclaimer: The findings of the following article should materialize over the next few hours. Also, the following information should not be considered as investment advice Bitcoin’s decline down to $11,133 on 11 August damaged its consolidation above its previous support line at $11,618. The downtrend was significant, dropping down from a high of $18,410, all...Read More
Bitcoin’s steady consolidation above the $11,000-mark has come as a relief for many who were waiting on their heels for the world’s largest cryptocurrency to finally post some gains on the charts. However, BTC’s fortunes weren’t exactly shared by the market’s altcoins as soon after hitting their respective local tops, many of them fell, including...Read More
Tezos came very close to hitting an all-time high after XTZ’s price surged by over 13 percent in just 24 hours. Since the start of July, the price action has been very promising for Tezos and this has since almost doubled. While XTZ’s price has seen a few ups and downs lately, strong bullish momentum...Read More
Two of the market’s top cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH], have been witnessing a strong surge in their values over the past few weeks. This week, however, the BTC and ETH markets appeared to be taking a break as the overall percentage change in the value of the top two crypto-assets was just 5%...Read More
Bitcoin’s price, at the time of writing, was facing strong resistance around the $12k mark. Bitcoin’s inability to brush past this resistance also seemed to stunt the growth of many of the market’s altcoins, with fork coin Bitcoin Cash losing close to 12 percent of its trading value in the past week, along with a...Read More
Litecoin, VeChain and Algorand have all tested important short-term supports. VeChain looked poised for more gains. Algorand looked likely to move upward, while Litecoin broke below support and would look to maintain the psychological $50 level as well. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin had a 24-hour trading volume of $2.6 billion. Ranked 8...Read More
The cryptocurrency market has been seeing decentralized finance [DeFi] driving growth in the crypto-verse. Recently, on 9 August, the total market cap peaked at $11 billion, however, at press time was back to $9.275 billion, as per data provider DeFi Market Cap. As the market cap moves higher, the total value locked in DeFi was...Read More
