Bitcoin, the world’s largest cryptocurrency, hiked by a significant degree a few days ago, a hike that came as a relief for many, especially for those who were getting concerned about the stagnancy on the price charts. Owing to its high correlation with the market’s alts, the rest of the market was quick to follow...Read More
Disclaimer: The article attempts to analyze the evolving pattern in the Ethereum’s long-term market and predict the price trend. The second-largest cryptocurrency, Ethereum [ETH] has been preparing for the launch of Ethereum 2.0, meanwhile, the growth of the DeFi platform has been creating a lot of interest in the ecosystem. Given the building momentum, the...Read More
Even with Bitcoin’s mid-week push above $9,500, the larger trend of stability has held strong. Prior to this push the largest cryptocurrency in the market had traded within a $500 margin for over a month, and in the last two months the range only as large as $1,000. While Bitcoin for the past two months...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Binance Coin market and its impact on BNB’s price With Bitcoin going over $9,500 earlier this week, the rest of the coin market saw a substantial boost. Binance Coin, was one of the major beneficiaries of this hike, and at press time,...Read More
The case of Bitcoin’s adoption has been an intriguing one over the years. To a large extent, it has been all over the place in the past few years as narratives for Bitcoin kept changing with respect to its functionality. Many have started to idolize Bitcoin’s appeal as a Store-of-Value with more and more people...Read More
The Ethereum ecosystem is ready to move into the next generation with Ethereum 2.0 and according to Danny Ryan, the platform’s launch coordinator. After the Altona testnet, the developers are now ready for the launch of the official multi-client testnet Medalla on 4 August. It will mark the final steps towards Phase 0 of ETH...Read More
Even though there were doubts about the Bitcoin market reacting to the global economic events, the recent COVID-19 pandemic aligned it more with the global market. However, the crypto market has remained in sync with the affairs in the crypto industry. This was witnessed on 22 July when the news about the US banks offering...Read More
Disclaimer: The following price analysis is witnessing a bearish breakout that should continue over the next 24-hours. In line with the rest of the cryptocurrency industry, Bitcoin SV was able to recapture some of the bullish momentum evident in the past few days. However, the returns were nothing to be excited about as the token...Read More
The cryptocurrency ecosystem has evolved substantially over the past ten years, with increasing regulatory clarity enabling the likes of Bitcoin to gain the trust of a wider audience. The fact that institutional investors are now backing one of the most disruptive technologies of the past decade is a testament to this evolution. However, cybercrime and...Read More
The cryptocurrency market noted a minor resurgence a few days ago after Bitcoin, the world’s largest cryptocurrency, broke from its stagnant price movement to post gains. The altcoin market was quick to follow, with the resurgence coming at a good time for the likes of altcoins such as Bitcoin Cash, Tezos, and STEEM. Bitcoin Cash...Read More
The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However, with stablecoins growing, the distribution and...Read More
Disclaimer: The following article attempts to analyze the evolving trend in the long-term Chainlink market and its impact on LINK’s price The unwillingness of the market’s ninth-largest cryptocurrency, Chainlink, to align with Bitcoin’s price trend has made it one of the industry’s best-grossing assets. While the market rejoiced in the return of little volatility in...Read More
Stablecoins have seen their importance in the crypto-market grow rather dramatically over the past year. For Tether, the world’s most popular stablecoin, the past few months have seen it surge past XRP to occupy the third position in terms of market capitalization. Tether’s growth since its launch in 2014 has enabled even greater adoption for...Read More
Bitcoin and Ethereum are two of the most popular blockchains in the world. While Bitcoin was the first cryptocurrency, there’s not a lot of freedom to do with Bitcoin. However, Ethereum allows users to build contracts and other tokens that help build a whole new ecosystem. Due to its complexity, the Ethereum blockchain needs much...Read More
Bitcoin is on the move again on the charts, with the world’s largest digital asset rising to briefly touch its resistance at $9559. At press time, BTC was trading at $9496 with a 24-hour trading volume of $17.28 million. Source: Coinstats With many of the market’s altcoins joining the bandwagon (Ethereum, for instance, hiked by...Read More
The cryptocurrency industry has been churning out real-time use cases with some regularity to ensure adoption. Ripple is one such company, with the blockchain firm popularizing its on-demand liquidity [ODL] network far and wide. Ripple has had a strong partner in the game in the form of SBI Holdings, a banking conglomerate that has been...Read More
Ethereum, Binance Coin, and Ontology looked bearish at the time of writing, a surprising finding especially since it followed the latest surge in Bitcoin’s price. However, with DeFi and ETH gathering steam, the larger altcoin market seems to be enjoying a rally, and hence, this might be the best time to take advantage of the...Read More
Gold is one of the world’s most precious metals, one often stored in large vaults to ensure its security. Many cryptocurrency users have often drawn parallels between Bitcoin and Gold, going on to term it a Store of Value [SoV]. Despite its stagnated price, however, many of its users are holding on to the digital...Read More
In a previous Tezos analysis, a short position with a risk-to-return ratio of 1.69 was provided. The price not only followed through with short targets, but headed even lower [$2.77], providing total profits of 13.84% if the position stayed open. At the time of writing, Tezos [XTZ] was trading at $3.06, with its price registering...Read More
The latest price movement in the Bitcoin market pushed the price of the cryptocurrency over $9.5k, with the altcoin market also mirroring its gains soon enough. However, compared to the world’s largest digital asset, the altcoin market has been noting some pressure building up, making many alts take the bearish journey going forward. XRP Source:...Read More
It is impossible to keep Ethereum out of the headlines at the moment. The anticipation surrounding Ethereum 2.0 was keeping the largest altcoin omnipresent but currently, the immense growth of DeFi is doing the trick. According to Coinmetrics’ recent State of the Network report, DeFi is currently assisting Ethereum to register new highs with regards...Read More
Bitcoin miners play an important role in securing the network, however, the current year has put quite a few hurdles for miners to stay afloat. As the difficulty in mining increased, the adjustments helped the miners to run operations smoothly after Black Thursday and the halving. However, in June the network saw its biggest difficulty...Read More
Bitcoin is the world’s largest cryptocurrency and its users have in the past decade seen the crypto’s use-cases diversify quite dramatically. As BTC’s price stood at $9,309.19, the financial bandwidth of the network, also known as the economic throughput has been rising. The metric measures the financial bandwidth of Bitcoin by utilizing its transaction count...Read More
Disclaimer: The following price prediction foresees a little bit of volatility as a breakout may occur under a week. After its recent ascend to over $0.193, XRP was able to resist an instant correction below the support, but over the past few days, the asset was hinting towards the possibility of a dip. With the...Read More
Bitcoin has long been touted as an uncorrelated asset among many things. However, this narrative seemed to have been questioned after enduring the brunt of the pandemic. Since then, stocks have risen, fallen, and are hitting new levels but the same cannot be said for Bitcoin. Bitcoin, tech and social media Source: BTCUSD TradingView The...Read More
Disclaimer: The following article attempts to analyze the evolving trends in the Bitcoin Cash market and its impact on the price. Even though the altcoins have been witnessing independent movement from that of Bitcoin’s price action, the king coin’s hard fork Bitcoin Cash [BCH] has been unsuccessful in doing so. The Correlation between BTC and...Read More
The Ethereum derivatives market, like its spot market, was lying low. The last time the Options market witnessed increased activity was on 26 June, wherein a bulk of contract expiry was supposed to take place. According to data provider Skew, the Open Interest [OI] on 26 June was close to $170 million, which shrunk close...Read More
Over the past 24-hours, Bitcoin finally registered a stark price increase in the charts after collapsing on 16th July. Currently, Bitcoin has a trading price of $9353 and a 24-hour trading volume of $6.1 billion and few of the altcoins followed its cue. Source: CoinStats However, the same cannot be said for all the assets,...Read More
After testing the range high at 1446 sats [$0.1337] Cardano seems to be heading south and has already depreciated by 10.48%. However, this dip is not all bad, as a small pump might be on its way. With the formation of a descending channel, ADA’s price is looking at a 4-8% surge, perhaps even 13%...Read More
All these years, Bitcoin has been called different names, it has phased, morphed into being different things; from being an asset used in the dark web to an asset that aids in speculative trading. Between name-calling and morphing, Bitcoin has evolved into an asset that is now being considered as portfolio diversification and even as...Read More
