A common topic of discussion over the past couple of months has been the stalling price of Bitcoin. After its halving in May, the major asset repeatedly failed to breach $10,000, and other than short-term consolidation above the resistance, BTC was unable to sustain a higher position. Source: CryptoCompare London-based data service CryptoCompare revealed in...Read More
Defi is seeing quite a bit of improvement with over 15,000 BTC locked in. Another reason for Defi taking off is the success of the Compound platform’s Comp token. At press time, over 85,560 Comp tokens have been distributed to users. With each token priced at $160, this value comes up to $13.6 million at press...Read More
Disclaimer: The following price prediction should materialize over the next two weeks. When XRP registered a recovery of 103 percent after its price drop on March 13th, many were expecting it to follow into the footsteps of other major assets. The likes of Bitcoin, Ethereum were able to ascend near their early highs of 2020,...Read More
Disclaimer: The following analysis attempt to foresee Bitcoin Cash’s [BCH] price movement in the short-term. The cryptocurrency market has been in a Kangaroo phase, where the asset prices swing up and dive down instantly. Bitcoin Cash [BCH], the fork of Bitcoin has been on a downtrend and recently experienced a 5% drop in an hour’s...Read More
Cryptocurrencies have managed to garner a lot of attention from users worldwide and it has forced regulators to take a closer look at the technology. The United States has been cautious in forming guidelines for the cryptocurrency industry and this has been often led to the question regarding whether the United States is lagging when...Read More
Cardano has seen a spectacular surge in its price action for the past few months but this might end soon. With ADA’s price approaching an important resistance, there might be a chance for price to retrace/pullback. This is on the higher time frame, however, on the lower time frame, the price is preparing for a...Read More
Bitcoin, like the pied piper, has had an overwhelming influence on the market’s altcoins. As the major coin has been restricted between its immediate resistance and support, many altcoins have also been imitating this behavior. However, Chainlink, a new entrant in the CoinMarketCap’s top 10 cryptos, has been proving to be a beneficial investment, when most...Read More
Major altcoins have displayed their individual price action in the crypto market. For Bitcoin, the price continued to remain around $9.2K with a 24-hour trading volume of $4.9 billion. Source: CoinStats Litecoin retained higher consolidation over the past month but failed to record any significant movement. For Cosmos, it was more positive than the rest and...Read More
Bitcoin has been carrying the torch as the largest cryptocurrency in the market and even if it has been down on its luck at the moment, its off-chain performance has been picking up. Projects like Liquid Network, Lightning Network, and DeFi have been proving to drive growth and adoption for the Bitcoin ecosystem. The Bitcoin...Read More
Among Bitcoin, altcoins and shitcoins, something fundamentally changed for the latter. While altcoins soared through the figurative roof, Bitcoin is still strutting with little or no volatility. As for the shitcoins, this mysterious change took place exactly 17 days ago, when altcoins, shitcoins, mid-cap perps [perpetual contract], all started surging. This sudden surge was meteoric...Read More
The world economies are facing a tough time due to the impacts of COVID-19. According to the International Monetary Fund [IMF], the global economy is expected to fall by over 3% in 2020. With the financial crisis crippling countries around the world, global remittances are projected to decline sharply by almost 20% in 2020 by...Read More
The crypto market has been witnessing consecutive spurts of rising and falling prices. As the Bitcoin market noted a similar rise and fall on 12 July, which was imitated by the altcoin market too. Source: CoinStats However, the BTC price once again was pushed down to $9.2k level and registered a 24-hour trading volume of...Read More
Disclaimer: The following price prediction should materialize over the next two weeks. On May 28th, when Ethereum surged by 8.75 percent, the 2nd largest digital asset breached above the resistance of $226. Now over the past five weeks, the asset has been able to maintain consolidation between $227 and $250 albeit a minor decline on...Read More
Cryptocurrency exchange Huobi Global revealed plans to launch Bitcoin Options. The plan for this launch comes at a time when Bitcoin has been coiling-up and in an extended bear market, awaiting a bull run. Huobi Global’s entry into Bitcoin Options isn’t a surprise especially considering how successful its Futures were. At press time Huobi’s 24-hour...Read More
Disclaimer: The following article tries to analyze the short-term price patterns of XRP The cryptocurrency market has been having a tough time in a consolidating phase. However, one major crypto has been stuck at a low level for months now, XRP. The fourth-largest cryptocurrency according to the CoinMarketCap list, XRP has been stuck under $0.30...Read More
Since Bitcoin began entering mainstream finance there was always anticipation around ‘when will the institutions arrive?’ Motivation was merely price-centered, and the logic for the same went something like this, when institutional investors arrive, they will bring in bags of cash waiting to be dumped into the Bitcoin market. This massive dump in the cryptocurrency...Read More
Litecoin is now on the periphery of the top-10. Owing to the massive increase in the price of Cardano and LTC’s relative bearish movement to other competing coins like Binance Coin, it has now slipped to the 9th spot on the coin market, ahead of Crypto.com. Litecoin’s market capitalization is $2.81 billion, which has been...Read More
The digital asset industry is currently nursing a bearish pullback as the total crypto market cap dropped from $272 billion to $264 billion. As a result, the majority of the crypto assets were affected in the space, and the coins continued spiraling downwards at the time of writing. Bitcoin SV [BSV] BSV/USD on Trading View...Read More
Bitcoin SV, the persistent hardfork of a hardfork of Bitcoin has now become a mainstay in the top-10 coins in the cryptocurrency market. Currently placed on the eighth spot with a market capitalization of $3.41 billion, behind its big-brother Bitcoin Cash which has a market capitalization of $4.3 billion. Looking at the price of BSV,...Read More
Bitcoin’s dramatic fall in the month of March elated many who were critical of the king coin’s store-of-value and safe-haven characteristics. In fact, a recent paper highlighted the same, while also suggesting that for investors who choose to have a percentage of their portfolios allocated to Bitcoin, there is an increased downside risk. This is...Read More
Taking a leaf from the Bitcoin playbook, Ethereum, the largest altcoin in the market has been playing stable. Since the end of May, the latter has been trading sideways, going through Q2 2020 riding a massive bullish wave after a disastrous end to Q1. On March 12, as Bitcoin dropped by over 50 percent, Ethereum...Read More
XRP, now the fourth largest altcoin in the market has not had the best few months. In the recently concluded Q2 2020, the altcoin saw a quarterly price gain of less than 2 percent, its market dominance which now stands at 3.16 percent of the total crypto market fell by 1.3 percent between March and...Read More
Over the past decade, Bitcoin’s evolution and perception can be best typified by a revolving door. From being conceptualized as a peer-to-peer electronic cash system, Bitcoin is today seen as a store of value, an asset with safe-haven properties that can be used to hedge against socio-political and economic uncertainty. However, is that the case?...Read More
Cancel Culture – A term that has been doing the rounds lately after the open letter by Harper’s, one signed by the likes of Noam Chomsky, Margaret Atwood, Salman Rushdie, and J.K Rowling went viral. At its simplest, it refers to the withdrawal of popular support after a public figure or entity says or does...Read More
In the global cryptocurrency world, the price of Bitcoin is always measured in dollars. As things stand, Bitcoin is trading at $9,200, and it has been trading around this price range for the better part of three months now. But looking at the larger picture, of a decentralized currency at a time of economic uncertainty...Read More
We’re now into the third month of low volatility in the cryptocurrency markets. Owing in larger, or complete part, to Bitcoin trading in a tight trading zone between $8,800 to $10,000. But it looks like the wait for the largest cryptocurrency in the market, holding over two-thirds of the total market, to turn the tide...Read More
It would be inaccurate to suggest that contrary to popular expectations, all altcoins defied the trend to note gains while Bitcoin struggled to do so on the charts. Not all alts. While the likes of Tezos and Chainlink took the opportunity to appreciate, the movements of others like Bitcoin Cash, Dash, and EOS were more...Read More
Bitcoin, the world’s largest and most-recognized cryptocurrency, continues to trade with low market volatility on the charts, with BTC, at the time of writing yet to breach its longstanding resistances. The crypto’s movements over the last 2 weeks or so have been very contrary to the expectations many had from the king coin, especially since...Read More
The altcoin market has historically been closely linked with the performance of the Bitcoin market, thanks to the high correlation indices these alts share with the king coin. Off late, however, many of these cryptocurrencies seem to be bucking this trend. While Bitcoin continues to stagnate on the charts, the market’s altcoins are rallying. The...Read More
With Bitcoin dominance on the decline, altcoins have surged to new highs thus opening up the possibility of another altseason. To be precise, an alt season is part of the market cycle when excessive surges in the price of altcoins against Bitcoin and the fiat currency are noted. This surge in price takes place after a period...Read More
