Major altcoins in the digital asset industry are currently having quite a ball over the course of the past week. Prices are entering a period of volatility and assets are following their individual trend in the market. Cardano and Stellar continued to ascend in their respective markets whereas ALGO tokens are facing a minor depreciation...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the short-term XRP market and its impact on the price. XRP has moved down the CoinMarketCap list to the fourth position, while Tether [USDT] takes its place. This was possible due to a booming USDT ecosystem and a dormant XRP market cap. As the...Read More
The altcoin market has been witnessing a consolidation phase along with major crypto assets. Despite the slow pace in price movement, many other small-cap assets have witnessed great volatility in the past couple of days, whereas major cryptocurrencies bounced around its immediate resistance and support. Bitcoin Cash [BCH] Source: BCH/USD on TradingView The Bitcoin Cash...Read More
The DeFi ecosystem has come a long way since 13 March. After tumbling all the way down to $571 million in Total Value Locked (TVL) from a high of $1.28 billion on 15 February, all hope for its future seemed lost. This was one of the reasons why no one could foresee the explosive growth...Read More
Disclaimer: The findings of the following analysis foresee a change on the charts over the next week Bitcoin SV’s steady decline since the start of June has come back to haunt the crypto-asset, with the high-performing Cardano having overtaken the Bitcoin fork to take the 6th place on the charts. While Bitcoin SV did register...Read More
The narrative of an “altcoin season” is spreading like wildfire, and rightly so. Since the start of June, Bitcoin has been extremely stagnant with respect to its price-performance. However, while it is doing so, other digital assets in the market have been lifting their game. In the past, Bitcoin would command a greater dominance on...Read More
The recently concluded quarter, Q2 of 2020, was a tale of two halves. In the first half, Bitcoin noted massive recovery after its worst crash in 7 years in March, while in the second half, the cryptocurrency saw unnerving consolidation, which has continued till today. What is peculiar during this phase was while the price...Read More
With Bitcoin’s volatility drying up, the other side of the grass does look greener; the other side being “DeFi.” With yield farming caching on, Bitcoin volumes are recording a stark decline on the charts. Between Bitfinex, Bitstamp, Gemini, and Kraken, the total average weekly volume has gone from being a little below 1.3 million BTC...Read More
Disclaimer: The findings of the following analysis attempt to study the price trend evolving in the Ethereum market Ethereum, the world’s largest altcoin, was priced at $238 at the time of writing, with ETH testing the $240 level, but with no luck. Trading in a strong sideways channel since May, the top altcoin followed in...Read More
The major pump the altcoin market was on seemed to be taking a break, at the time of writing, with Litecoin, BAT, and Zcash all heading towards a resistance zone. However, each altcoin’s near-term future is likely to be different considering the setup. Litecoin [LTC] Source: LTCUSD on TradingView At press time, Litecoin stood at...Read More
Cardano, Cosmos, and Dash registered contrasting price movements over the past 24-hours, with many of the market’s altcoins continuing to note high trading volumes on their charts. In fact, owing to such a performance, a strong case for an ‘altcoin season’ was being made in the industry. However, there was not much to choose from...Read More
Bitcoin might be trending on Twitter, but on its charts, it’s more of the same. Since hitting the $9,000 mark over two months ago, and despite numerous seismic events, including the halving, a massive derivatives expiry, and a Twitter hack, Bitcoin is still trading in the same range. Looking at the short-term chart of the...Read More
Bitcoin Cash, the hardfork of Bitcoin, is in the category of altcoins that have sunk post the events of ‘Black Thursday.’ Following the market collapse in March, some altcoins surged even higher than their Q1 2020 prices, others failed to recover. Bitcoin Cash, evidently, is in the latter category. Looking at the long-term price of...Read More
Litecoin is divided in the altcoin market-space. While coins above, like Chainlink and Cardano, are surging beyond expectations, others like Bitcoin Cash and XRP are going through slumps. On the other hand, digital silver is just hanging in there. Now on the 10th spot in the market, with a market capitalization of $2.7 billion, Litecoin...Read More
Owing to the relative youth of the cryptocurrency market, it is often accused of lacking in maturity. Even with institutional investors rushing in, there are grounds for arguing that the Bitcoin-led market is not completely mature. A reason why such doubts exist is due to the inherent volatility of the market, one where a cryptocurrency...Read More
Darknet transactions are so intrinsic to the Bitcoin ecosystem that to think of Bitcoin without such transactions would be to violate the core features of what makes the cryptocurrency truly decentralized. Even though it has been many years since the infamous Silk Road, Bitcoin’s first prominent e-commerce use-case, darknet transactions using the cryptocurrency have only...Read More
On July 15 several prominent Twitter accounts were hacked and a fraudulent Bitcoin campaign and address propped up as part of a coordinated attack. Among the celebrities targeted were Elon Musk, Jeff Bezos and Barack Obama. This high-profile scam saw the hackers make 12.86 BTC or $118,000. While this grabbed headlines in crypto and traditional...Read More
Defining Bitcoin and cryptocurrencies in mainstream terms has never been easy. After all, how can it ever be? Cryptocurrencies are revolutionary, they were never meant to be confined to the traditional definition of concepts. The example of how difficult it has been to define cryptocurrencies in legal terms is a case in point. However, whenever...Read More
Twitter, the social media platform that substitutes for Presidential proclamations these days, was hacked a few days ago, with a host of accounts hijacked to promote a Bitcoin giveaway scam of sorts. This wasn’t the first time someone has hacked into a Twitter account. However, what caught the eye of news media across the world...Read More
Ordinarily, Bitcoin’s price performance on the charts will be mirrored by the many altcoins in the market. However, off-late, that hasn’t been the case. Despite many alts noting corrections over the past few days, not every alt got the memo, with the likes of XRP and Dogecoin climbing, while LINK continues to correct. XRP Source:...Read More
Much of the altcoin market has reverted to the norm of following Bitcoin’s lack of movement on the charts; many of these alts registered corrections of their own. However, while the likes of Bitcoin Cash and IOTA noted significant losses over the past week, Decred’s case was slightly different, with the crypto gaining slightly instead....Read More
After what seemed like a brief spell where the market’s altcoins noted movement independent of that of the world’s largest cryptocurrency, at press time, it seemed like these cryptos had reverted to taking Bitcoin’s lead. Over the last 7 days, Bitcoin fell by just over 1.5% on the charts. Source: Coinstats While the magnitude of...Read More
The Ethereum network has been among one of the few major projects flourishing in the time of a dull market. Even though the price has been unreactive, the ecosystem has been noticing a faster-moving network, due to an increase in the gas limit. According to the data, the Ethereum gas limit has reached a new...Read More
While Bitcoin’s price action hasn’t been very inspiring since the start of July, many of the altcoins have registered stunning uptrends. Altcoins such as Cosmos and Algorand have both come very close to doubling their coin’s value in the past two weeks, while a more conservative uptrend was noticed with EOS. EOS Source: EOS/USD, TradingView...Read More
Disclaimer: The following analysis attempts to study the price trend evolving in the Litecoin market. The cryptocurrency market has been going through one of its longest periods of consolidation and along with the price, the volatility has also been building up. Litecoin [LTC], the ninth-largest coin in the market has been restricted within its immediate...Read More
Bitcoin is not acting like a cryptocurrency when its volatility is sinking and it’s highly correlated with the stock market. And right now, both those things are happening. Since the beginning of May, the cryptocurrency which lost 50 percent of its value in a 15-hour window earlier in the year, is trading in a surprisingly...Read More
Despite Bitcoin’s price being stuck well below $9500 mark, altcoins seem to be registering quite a lot of varied price action. While Bitcoin Cash and Dash saw a minor drop in their trading price in the last week, Tezos has benefitted quite substantially with its price surging by close to 30 percent. Bitcoin Cash [BCH]...Read More
Cardano has been the pick of the altcoins since Bitcoin crashed in March. The now seventh-largest cryptocurrency in the market has amassed market capitalization of $3.1 billion, ahead of another rapidly surging altcoin Chainlink, market cap $2.74 billion. ADA trails Bitcoin Cash and its hardfork Bitcoin SV, in fifth and sixth positions respectively, but given...Read More
The twitter hack sure garnered a lot of attention to the largest crypto asset, Bitcoin. However, the incident did not manage to shake it out of its price slump. Even though the price dipped by a little and reached its immediate support at $9k, the BTC market continued its stagnated journey. This noted the 24th...Read More
Disclaimer: The findings of the following analysis attempt to evaluate the evolving price trends in the Chainlink’s market The consolidating price of major altcoins has not restricted the growth of smaller alts like Chainlink [LINK]. Chainlink’s market had been marching up, while the largest digital asset Bitcoin [BTC] was bouncing around the same price levels....Read More
