The Bitcoin community has juggled multiple reports and speculations over the past few weeks, all regarding Grayscale’s BTC accumulation, a development that in the minds of many, represents the rise of institutional investors. However, hypnotized by developments such as these, people tend to forget about the market’s reliance on retail investors just a few months...Read More
Ripple has been one of the most prominent and popular entities in the cryptocurrency and blockchain industry for a while now. However, while it has managed to acquire and pocket numerous banks and exchanges to push its services, its biggest deal has been with Japan’s SBI Holdings. SBI Holdings is the largest known shareholder of...Read More
Disclaimer: The findings of this analysis attempt to foresee Bitcoin Cash’s [BCH] price movements over the next 24-hours. Prominent Bitcoin fork, Bitcoin Cash [BCH], may have managed to form a different chain due to differences, but its correlation with Bitcoin has ensured BCH’s price remains stagnant too. Even though Bitcoin Cash has managed to recover...Read More
The onset of the COVID-19 pandemic turned many financial investors’ interest in the cryptocurrency market, with the global economy appearing to be in peril after world markets fell. Off late, even India has seen its citizens’ interest towards crypto grow, with the Supreme Court of India allowing the use of banks for crypto-businesses, right before...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24 hours Since 24 June, XRP’s value has dropped under multiple short-term support levels on the charts, with bearish pressure having taken over the crypto-asset. Here, it should also be noted that of all the top 5 crypto-assets in the ecosystem, XRP continued...Read More
Bitcoin has been seeing a drop in volatility lately, with its price range-bound for a while now. In fact, the extended bear market has also contributed to new entrants emerging less optimistic, and this can be seen clearly when BTC’s maturity charts are observed. Bitcoin’s tussle with $10,000 & accumulation Anything above $10,000, particularly $10,500,...Read More
With every passing week and month, Ripple is moving ahead with its aim to take over the world’s remittance market. Its Global Payments Network, RippleNet, has onboarded many customers from around the world as part of its plans to ease and fasten the payment settlement process. With Ripple’s remittance service, On-Demand Liquidity [ODL], also allowing...Read More
Disclaimer: The findings of the following analysis are split into two. While the findings of the first half are long-term in nature and can be foreseen to take place over the course of the next week, the other findings can be expected to take shape in the next day or two Cardano’s movement since the...Read More
A tepid 24-hour period in the digital asset industry saw little movement among altcoins as the 3rd quarter of 2020 commenced. While the collective market cap of the cryptocurrency industry remained unchanged at $260 billion, Bitcoin continued to hold a dominant share of 64.8 percent in the market. Ethereum Classic [ETC] Source: ETC/USD on TradingView...Read More
After five years of intense research and development, the Cardano ecosystem has achieved a major milestone. Shelley has arrived. Well, at least in code. According to the roadmap shared by IOHK’s Charles Hoskinson in the past, the Shelley era essentially involves critical early steps in Cardano’s journey towards optimizing decentralization. The announcement by IOHK revealed...Read More
COVID-19’s impact on the financial industry has been strong and noticeable. In fact, there are reasons to believe that COVID-19 will have a dynamic and significant impact on the world’s economic landscape, both at present and in the future. Analysts across the globe are now evaluating how COVID-19 will necessitate a large-scale re-examination of research...Read More
Wealth distribution is a tricky subject, primarily because the crisis is real and has been around for such a long time that inequality is now shockingly entrenched. Here’s a wild statistic – A little over 2,000 of the world’s billionaires possess more wealth than 60% of the planet’s population. The consequences of this broken economy...Read More
Disclaimer: The findings of the following analysis should materialize by mid-July June 2020 hasn’t been smooth sailing for XRP, the market’s fourth-largest cryptocurrency. After the dramatic decline in March, XRP peaked on 29 April after touching the price point of $0.23. Since then, however, it has been all downhill for the cryptocurrency. In the month...Read More
Over the past few weeks, Ethereum has undergone several major downside corrections. Along with its peer altcoins, Ethereum too noted a rather flat month, with respect to price action. However, that hasn’t been the case when several other on-chain metrics are taken into consideration. In a recent development for the world’s largest altcoin, Ethereum noted...Read More
After noting a series of pullbacks over the past week after Bitcoin fell, many of the market’s alts, again closely following the king coin’s price movements, appeared to be consolidating, at the time of writing, with the collective market cap rising to $260.3 billion. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin enjoyed a rather flat...Read More
Bitcoin investors have been on an accumulation spree for quite some time now. Leading up to the halving, investors, both retail and institutional, were HODling the world’s largest cryptocurrency. While the third supply cut event did not contribute to any wild swings in the price market, the following month also saw flat movement. Interestingly, during...Read More
Bitcoin has taken the world by storm. It has been more than a decade since the world’s premier cryptocurrency first came into existence and since then the technology around it has substantially advanced and evolved with the rapidly changing world. Over the years there has been a significant increase in the market participants as well....Read More
Bitcoin’s market has recovered well from its fall a few days ago, a fall during which the price of the world’s largest cryptocurrency plunged below its support levels and even below $8900. As is almost always the case, the altcoin market followed suit, with many of them on the path to recovery too, at press...Read More
In what is yet another example of the COVID-19 pandemic taking a toll on not just people, but businesses, including crypto-companies and entities, noted Australian crypto-exchange, Tagz, has announced that it will be ceasing operations by the end of next month. This development comes on the back of a few other crypto-exchanges shutting down this...Read More
Disclaimer: The conclusions of the following article attempt to foresee Ethereum’s price movement, leading up to a potential breakout in the first week of July. Ethereum noted a sharp decline in value over the past week, a decline that followed a brief upswing that saw the token going close to $250. The latest pullback in...Read More
The performance of XRP in the cryptocurrency market has been dull and consolidating for the past couple of days. The price of the fourth-largest digital currency was at $0.1758 and was experiencing terrible selling pressure, at press time. The violent price action in the market, however, did not interfere with the movement of crypto in...Read More
The cryptocurrency world continues to lack regulations that can help it function efficiently and this has been a hurdle not just for transacting in virtual currency but also when it comes to holding it. The United States Internal Revenue Service [IRS] recently announced that it was preparing to make another move towards taxing cryptocurrencies. However,...Read More
Bitcoin and Ethereum are two of the world’s largest cryptocurrencies by market cap and several BTC-backed ERC20 tokens have continued to increase and thrive on Bitcoin’s rival network. Over the past couple of years, the market for Bitcoin on the Ethereum network has grown significantly, and currently, the latter has become one of the most...Read More
A key differentiator between cryptocurrencies like Bitcoin and traditional forms of finance is that the former offers a high degree of self-sovereignty. Bitcoiners are accustomed to the phrase, ‘You are your own bank’ which was the philosophical ideal that gave way to the crypto revolution in the past decade. However, this level of self-sovereignty also...Read More
Ethereum has shed 12% in the last 3 days and it currently stands at $222.91 contending with the daily moving average. The total market cap of ETH stands tall at $24 billion and has a 24-hour volume of $6.3 billion. Ethereum – 1 Day Source: ETHUSD TradingView The daily chart showed the sideways movement of...Read More
Disclaimer: This article attempts to analyze Bitcoin’s price movements over the next month leading up to a potential breakout in the last week of July. For the past several weeks, Bitcoin appeared to be consolidating below $9,500 despite a short-lived upside break. So far, the coin managed to stay afloat above the critical $9,000-support level...Read More
The 2020 Bitcoin bull run might mirror the 2017 bull run. While some know and understand the “Lambo and moon” memes, others have forgotten it, however, there are some that don’t relate to these words; these are the new entrants to the world of bitcoin and cryptocurrencies. These are the people that missed the 2017 bull...Read More
The price of Bitcoin once again dipped under $9k and bounced back a little above $9.1k. This plunge was visible in the altcoin market and a similar recovery was noted at press time. Bitcoin Cash [BCH] Source: BCH/USD on TradingView With the cryptocurrency market noting a shakeup, the fifth-largest coin in the market has been...Read More
Disclaimer: This article attempts to foresee the price movement of Bitcoin SV over a period of the next 24-hours. Bitcoin SV saw a major downward breakdown on the 27th of June. Soon after encountering the bulls, the seventh-largest coin posted minor gains which drove the coin’s price to $158.87, at the time of writing. The...Read More
During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018. Interestingly, this did not occasion with the price movement of the cryptocurrency. Instead, the figures for transaction fees reached a little over a two-year high around mid-May. Shortly after...Read More
