For Cardano, it looks like the highs are continuing. Now occupying the 8th spot on the coin rankings, ahead of major cryptocurrencies like Litecoin and Binance Coin, ADA has a market capitalization of $3.2 billion, less than two weeks ago its market cap was below $2 billion. Looking at the daily-price chart of ADA, there...Read More
Binance Coin least profitable exchange token, OKB most for Q2 Now, it seems like every exchange has issued its own token. From Binance Coin to FTX token, the top-coins on Coinmarketcap are littered with several exchange tokens, many of which have been issued in the past 12-months. As far as their recent performance goes, they...Read More
Litecoin may have slipped below Cardano on the price charts, but digital silver is still pushing higher, at least for now. Taking the 8th spot on the coin ladder, LTC has a market capitalisation of over $2.92 billion ahead of Binance Coin and the new entrant, with its own Twitter emoji, Crypto.com. The short-term 4-hour...Read More
Being the first to do something often counts for a lot. Whether it is Armstrong being the first to step on the moon or Karl Benz manufacturing the first automobile… public memory and perception usually fall back on the first movers. This is the case in the cryptocurrency market as well, an industry where entities...Read More
As it consolidates for almost 40 days, bitcoin stands at $9,271 with a market cap of $170 billion. The top cryptocurrency has seen a 0.35% surge in the last 24 hours and has a 24-hour trading volume of $3.37 billion, making it the second-largest traded asset in the entirety of the crypto ecosystem. Bitcoin 4-hour...Read More
Attention matters, and in a world of social media and online business, attention matters even more. If you can entice more people to visit your website, chances are you can grow faster. But in this era of massive scaling, there is a difference between fast growth and fake growth, a difference that many cryptocurrency exchanges...Read More
Among Ethereum Classic, Tezos, and Monero, only the last coin looks confidently bullish while the other two have been met with resistance. With altcoins surging in the past week or two, there is hope for all the coins to surge higher. Ethereum Classic From the above chart, it is clear that ETC is still respecting...Read More
Bitcoin, the world’s premier cryptocurrency, is yet to meet the price expectations many in the community had from it after it underwent its much-anticipated halving in May. While fundamental metrics like the no. of active addresses remain strong, BTC’s price movement has lagged behind. Consider this – over the last two weeks, the cryptocurrency’s value...Read More
The crypto market has noted unexpected price action in the past week. While Bitcoin continues to struggle to go close to $10K, many altcoins saw their price surge independent of the king coin. Ethereum too reported a strong market sentiment, as its ecosystem saw a lot of growth with a surge in active addresses. However,...Read More
The cryptocurrency market and its ecosystem have noted tremendous growth over the past few years. Increased adoption rates and the fact that there is more regulatory clarity around digital assets today have further helped crypto’s growth. Bitcoin, today, represents a robust store of value and a hedge that can diversify traditional investment portfolios. However, as...Read More
Disclaimer: The findings of the following analysis attempt to analyze BSV’s price movements The cryptocurrency market seems to have lost a lot of its sheen over the past couple of weeks, with the same especially true for Bitcoin’s forks. Bitcoin SV, Bitcoin Cash’s fork, has historically been highly correlated with Bitcoin [BTC]. However, it has...Read More
With a market as volatile as cryptocurrencies and a community as sensitive as the online Bitcoin world, one would expect #WheresThePump, #BitcoinToTheMoon2020, or #CovidCantStopBitcoin to be trending with a price increase. Alas, neither has happened. Over the past two months, Bitcoin has been eerily stable, trading within a tight $8,500 to $10,000 range without budging...Read More
Disclaimer: The findings of the following analysis aim to analyze the prevalent trend in the Litecoin market and its subsequent impact Despite little fluctuation in the price of Bitcoin, the world’s largest cryptocurrency, the overall state of the cryptocurrency market remains dull. The new eighth-largest coin in the market, Litecoin [LTC], also referred to as...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movements over the next 24 hours XRP’s price action over the past month has left much to be desired. In fact, XRP recently lost out to Tether in terms of market capitalization, dropping to fourth place on CoinMarketCap’s list. Since the Black Thursday...Read More
For those who expected Bitcoin’s price to surge exponentially any minute, the month of July has been disappointing. Since 1 July, Bitcoin‘s price has gained by just 0.2%, with the same moving from $9,300 to $9,318.92 on the charts. This is perhaps the best evidence of the low volatility in the market. However, that’s not...Read More
In Q2 of 2020, Bitcoin rose from $5,500 to over $9,500, with brief skirmishes over $10,000. And yet, trading volume on cryptocurrency exchanges saw a net quarterly decrease. On looking at the high-stakes nature of Bitcoin’s Q2 beginning, the price-to-volume difference looks bleak. According to the latest quarterly report by CoinGecko, the world’s top cryptocurrency...Read More
Over the past few weeks, while Bitcoin, the world’s largest cryptocurrency, has dithered and struggled to breach past its immediate resistances, altcoins have rallied, with the performance of many like Cardano giving fuel to expectations of an altseason once again. Like Cardano, cryptos such as IOTA and VeChain weren’t far behind on the charts either....Read More
Bitcoin – Correlated at the hip? Proponents of Bitcoin, the world’s premier cryptocurrency, have long claimed that the king coin is far from correlated with traditional financial markets, especially the S&P500. However, this claim has lost a lot of its footing over the past few months, with the COVID-19 pandemic affecting each and every market....Read More
Bitcoin, the world’s largest cryptocurrency, continues to dictate the price movements of most of the altcoin market. However, it would seem that its effect on the rest might just be waning. While Bitcoin did rise briefly before falling over the last few days, many such as Bitcoin Cash, Monero, and Dogecoin seemed to resist, which...Read More
Many of the market’s cryptocurrencies noted a splendid start to the year, with many of them surging exponentially. However, this soon changed as the Coronavirus pandemic took effect and crippled markets worldwide. This was true of the crypto-market as well, with the exception being that it was quick to bounce back. This is the reason...Read More
From the outside, there’s just one cryptocurrency worth any mention, Bitcoin. The king coin holding over 62 percent of the market capitalization of the entire coin market will take some beating, and according to its opposers, the coin that has the best shot at dethroning the king is Ethereum. The second-largest cryptocurrency in the market,...Read More
The Bitcoin market lacked any momentum in June, and this resulted in its annualized volatility to dip to a 6-month low of 51% and a drop of 31% MoM in trading volumes. This period of stagnation caused the BTC’s correlation with the S&P 500 and gold to flip from 0.13 to 0.52 and from 0.50...Read More
Bitcoin fell. Not by a lot, but Bitcoin fell over the past 24-hours. At press time Bitcoin was being traded at $9171 with a 24-hour trading volume of $5.7 billion. Source: CoinStats And the effects of Bitcoin’s fall, owing to the high rates of correlation between the king coin and the alts, were felt by...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24 hours The top cryptocurrencies have been following the price trends in the Bitcoin market, however, with a price consolidation taking place in the BTC market, other alts have also been witnessing a reduced movement. The price of Ethereum recently saw a sudden...Read More
Even with Bitcoin trading in a tight range for the past two months, expectations of a Bitcoin push over $10,000 are bleak in comparison to the drop from this point forward. Going by the pricing of futures and options contracts from now till the end of 2020, the cryptocurrency is not seen in the best...Read More
Stablecoins have played a very crucial part in the cryptocurrency ecosystem over the past few years, with the altcoins acting as significant drivers in terms of crypto-adoption. In fact, Tether, the market’s most dominant stablecoin, recently moved up CoinMarketCap’s list to become the third-largest cryptocurrency in the world – cementing its significance in the crypto-market....Read More
While it’s still not alt-season yet, many altcoins are stealing the shine away from Bitcoin. Looking down the coin ladder several alts catch the eye, and few outdo Binance Coin with its exchange-tethered used cases. The exchange-token of arguably the biggest cryptocurrency exchange in the market, BNB had a bittersweet 2019, While the first half...Read More
Can Ethereum lead the altseason? Another day, and another altcoin that can supposedly lead the altcoin season. Ethereum is in the news again after noted trader and analyst Peter Brandt claimed that ETH is in a great position to do so after he observed a breakout on the ETH-BTC charts. “Most alts should gain on...Read More
Bitcoin’s brief foray above its immediate resistance failed. Again. As always, the king coin’s movement down the charts had a ripple effect across the altcoin market, with other cryptos like Litecoin, EOS, and Brave’s Basic Attention Token feeling the heat too. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin, now the eighth-largest cryptocurrency in the market,...Read More
The cryptocurrency world has moved past the largest crypto, Bitcoin, and has been recently paying attention to other important projects. Ethereum has been witnessing strong growth in its ecosystem despite a stalled price. The value of Ether at press time was $244.83, but the anticipation of ETH 2.0 has brought an increased interest in the ecosystem....Read More
