Disclaimer: The findings of the following article are the observations of the writer alone and should not be taken as investment advice As is more or less a tradition in the crypto-market, Bitcoin’s positive price action on the charts ended up benefitting many of the market’s altcoins. The previous week wasn’t any different as altcoins like...Read More
Many of the market’s large-cap altcoins followed Ethereum’s lead as they posted gains on their own price charts. In fact, ETH’s breach of $500 could catalyze a quick surge for the alts strongly correlated with the world’s largest altcoin. Augur, on the contrary, was trading underneath an important level of resistance, one it has tried...Read More
Cardano Founder and IOHK’s Charles Hoskinson recently shared a few brief updates with the community, a few days after IOHK introduced the ‘Smash’ metadata server for the Cardano ecosystem. While the said development was received well by most in the community, Hoskinson implied that there are some good announcements he is saving for the end...Read More
Bitcoin’s market cap was continuing to hit new ATHs, with the same climbing to $344 billion, at the time of writing. In fact, the same had even surpassed the previous ATH of $328 billion achieved back in late-2017. Some of the market’s altcoins saw surges corresponding to the positive sentiment in the market. For instance,...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price Litecoin’s market has been peaking lately, like most of the altcoin market. In fact, the price of the digital asset rose close to the resistance at $85.10, with the same also re-visiting...Read More
Bitcoin showed no signs of stopping its northbound run as it skirted the $19,000-mark over the last few hours. Further down the crypto-ladder, Binance Coin could be set to trade within a range over the next few days while DigiByte formed a rectangle pattern on the charts. Finally, Waves neared its two-year high on the...Read More
The altcoin market was stuck in a consolidation phase, however, at the time of writing the market has shown an increase in volatility. With Ethereum’s price shooting above $500, most altcoins mirrored its momentum and was trying to move higher on the price ladder. Chainlink had become the fifth-largest cryptocurrency, according to CoinMarketCap, and was...Read More
While many altcoins saw their price appreciate dramatically in the past week, the surge has not been uniform across the market’s altcoins. Popular altcoins like XRP, Cosmos, and VeChain saw short-term spikes in their trading price, but have been confined to mostly sideways movement in the past few days. XRP Source: XRP/USD, TradingView XRP price...Read More
There has been a lot of discussion around regulation in the crypto space, and perhaps more so now than ever before. This has also led to countries around the world beginning to better understand and regulate this emerging industry of digital assets. Switzerland, in particular, has implemented the Swiss Rule which states that financial institutions...Read More
Bitcoin’s price crossed the critical $18000 level recently and the weekly gain now stands at 11.44%. However, Bitcoin’s dominance is still at 66%. Since the price crossed $17000 without further resistance, the top 10 altcoins based on market capitalization have rallied. The weekly returns show gains in 9/10. Litecoin is leading the rally with 30%...Read More
The past week saw Bitcoin scale new heights with the coin going past its $18K resistance in a bid to recreate the historic 2017 rally. At press time Bitcoin was being traded at $18,242 with a trading volume of $23.1 billion. Source: CoinStats On the back of the Bitcoin bull run, many altcoins have noted...Read More
The founder of OKEx group, Mingxing Xu was rumored to have been investigated by the Chinese authorities, however, the exchange had not confirmed this news. Today, Xu posted on private social media feed a letter from the Hangzhou police in China expressing gratitude. Colin Wu posted the pictures underneath and noted that it was a...Read More
“You are only as good as your last race”, the famous line is also quite applicable to the crypto-verse. After its stunning rise during mid-year, DeFi tokens have somewhat lost their shine due to a series of misfortunes over the past few weeks. Certain projects underwent massive depreciation and others exhibited rug-pulls, to the joy...Read More
Earlier this month, SNX witnessed its largest drop and lowest TVL to date at $420 million as the DeFi crash led to several SNX stakers being liquidated. Source: DeFi Pulse However, since then, the TVL has risen to $800 million at the time of writing, and the price of the SNX token has risen by...Read More
Bitcoin has continued its price rally to $18100 after crossing key resistance levels and this puts the year-to-date ROI of Bitcoin over 135% against the dollar. Six months post the halving of May 2020, the price is up 88%. As Bitcoin continues to rally, institutional investors and on-chain analysts are eyeing the all-time high price...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Ethereum’s short-term market and its impact on the price The altcoin market has entered a consolidation phase after marching side by side with Bitcoin. Ethereum, the second-largest cryptocurrency has also been following a similar path as the price of the digital...Read More
The United States Securities and Exchange Commission [SEC] has been coming down hard on crypto exchanges when it comes to compliance. BitMEX is still trying to deal with a double lawsuit by the US prosecutors. However, SEC has now approved Grayscale’s Ethereum Trust [ETHE] as the first public quoted ETH investment product in the United...Read More
The price of Ethereum has surged past its resistance close to $500 and was currently valued at $505.37. This not only marked an annual high for ETH but also was a price level unseen since July 2018. Source: ETH/USD on TradingView This run-up in the market could be contributed by the news of the United...Read More
Crypto derivatives exchange, FTX has added nine more tokenized stocks, available for spot and futures trading to the exchange. The newly added tokenized stock listings on FTX are Square, PayPal, MicroStrategy, Moderna, Zoom, Nio, Twitter, Uber, and NVIDIA. Users will also be able to get the actual shares transferred to them when applied for, as confirmed...Read More
Bitcoin has managed to turn many into ‘crypto-believers’ in 2020. As the year turned into a series of unbelievable events, the Bitcoin price has affirmed that the king coin is here to stay. But Bitcoin had already reached $18k or rather close to $20k in the past, so why is this surge so important? “…this...Read More
Tezos, IOTA, and BAT have all shown negative returns from October to date; Tezos [XTZ] has the least negative return in comparison with a -7.99% return as of this writing. Following Tezos is IOTA with a -11% return and BAT has a -18% return for the same time period. The altcoins have been brutally beaten...Read More
Deposits to the ETH 2.0’s deposit contract have grown considerably over the past few days, which witnessed the most growth since the contract launch recently. Source: Dune Analytics Over 102k ETH has now been sent to the ETH 2.0 deposit contract, however, despite this, considering the current pace of staking, many remain uncertain that the...Read More
The impact of the world’s largest cryptocurrency’s price movement was evident this week after many of the crypto-market’s alts followed BTC’s lead to record gains of their own on their charts. Interestingly, while Bitcoin was continuing to consolidate after failing to sustain a breach of the much-anticipated $18K-mark, most alts were already starting to see...Read More
Polkadot has competitors that claim the same thing as DOT – throughput that achieves scalability, lower fees, security, and the ability to build a defi ecosystem on its chain. However, only a few actually deliver these things and are yet to gain adoption. The adoption isn’t here yet due to the fact that Ethereum is...Read More
The root cause of IOTA’S mainnet incident that took place last week was identified to be related to the infrastructure and deployed software which was unable to process all the transactions into the network. In a Github report published by Jakub Cech, the Director of Engineering at the IOTA foundation, the incident was addressed as...Read More
For all the talk about an incoming altseason, Bitcoin’s movement is the one that catches the imagination of most in the crypto-market. Owing to its market share and the high correlation stats it shares with most altcoins, BTC’s hikes and falls usually determine the direction of the general market movement. The same was evident when...Read More
The decentralized finance [DeFi] ecosystem has been booming. Its total market capitalization has reached $17.662 billion, while Ethereum’s market cap has been close to $53.994 billion, at press time. DeFi market cap is over 30% that of Ethereum and it does not seem to stop here. Many projects have contributed to the growth of DeFi...Read More
Everyone looks at Bitcoin and Etherum differently. To the ardent followers of one, the other is either too little or too much. To unfamiliar traders, they are just different ways of referring to cryptocurrencies. To crypto-folk, one is a currency, the other a utility. Whichever way you look at them, one thing is certain –...Read More
Bitcoin’s price performance over the past week seemed to have a uniform effect across most of the crypto-market after altcoins like EOS, Zcash, and Tron rallied across the board. At press time BTC was being traded at $17,675 with a trading volume of $26.7 billion. Source: CoinStats While corrections had already started setting in at...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Carano’s short-term market and its impact on the price The price of Bitcoin has been re-visiting old highs and has also ended up carrying many altcoins with it. Cardano [ADA] has been one of the major alts that has been moving...Read More
