July 30, 2020

45% In 10 Days: Ethereum (ETH) Breaks To A New Yearly High

On its 5th anniversary, Ethereum (ETH) is presenting its holders with a solid gift. Just moments ago, the cryptocurrency surged by more than 5%, thus marking a fresh high for the past year. ETH Gains 45% in 10 Days The second-largest cryptocurrency by means of market capitalization surge over 5% less than an hour ago....
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Ethereum 2.0’s complexity will not dent security prospects

Ethereum’s transition to Proof-of-Stake has been a widely speculated and anticipated event for Ethereum. Despite the delays and the lack of a clear deadline for when ETH 2.0 will launch, Ethereum has been doing remarkably well on the price charts, as well as with respect to the users entering the ETH ecosystem. Vitalik Buterin, Co-founder...
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AMPL Completes 75% 3-Day Plunge: What Does Negative Rebase Mean?

Ampleforth (AMPL), is one of the cryptocurrencies that lost the most over the past three days. It plunged by over 75% to reach a low at around $0.65 on some exchanges, putting holders in negative rebase territory. AMPL Plunges 75% in 3 Days Ampleforth is undoubtedly one of the most discussed and trending projects in...
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Chainlink long-term Price Analysis: 30 July

Chainlink, at the time of writing, occupied the 12th spot on CoinMarketCap’s charts with a market capitalization of $2.5 billion. While the cryptocurrency did lose a significant chunk of its value during the 12 March price crash, it has risen consistently since. Right from the start of April, Chainlink’s trading price has been on a...
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EOS long-term Price Analysis: 30 July

Disclaimer: The findings of the following article foresee transition for EOS in under a week While the rest of the digital asset market was registering new highs on its charts, for EOS, it has been more or less the same. A crypto-asset that was once in the top 4 of the cryptocurrency bracket had unceremoniously...
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Bitcoin, where art thou headed?

On 27 July 2020, Bitcoin surged by 11% in a single day, a surge that pushed its price from $9,933 to $11,417. This type of surge was last seen in April 2020, a time when BTC surged from $7,700 to $8,900, a 13% surge. However, since then, the price had been moving along with the...
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5th Birthday: Ethereum Miners Rejoice Over High Network Fees

Ethereum has not only surged to its highest price for over a year, it has tapped milestone highs in other on-chain metrics as well. Today is the network’s 5th anniversary. Hash Rates at 20-Month High ETH 1.0 is still proof of work, which means there are still miners seeking profits by producing more blocks. Mining...
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ETH Struggles To Break $323, Bearish Reversal Incoming? Ethereum Price Analysis

Ethereum saw a small 1% price fall today as it drops to $318. This comes after four days of ETH trying to break resistance at $323. Against Bitcoin, Ethereum fell from 0.0317 BTC as it reached the support at 0.0284 BTC ETH/USD: Bulls Challenged By $323 Resistance Key Support Levels: $306, $300, $287.Key Resistance Levels:...
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Ethereum’s better scalability a ‘short-term necessary reality’

While 2020 has been an eventful year for the crypto-market, it holds special significance for the world’s second-largest cryptocurrency – Ethereum. The year marks not only Ethereum’s 5-year anniversary but also one of the biggest changes in its ecosystem – the transition to Proof-of-Stake consensus protocol slated for this year, despite the delays. During a...
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Augur v2 Is Live: Massive Increase Of Active Addresses During Day One

The launch of the updated Augur v2 betting platform has attracted massive interest from investors. Recent data indicated that the number of active addresses has skyrocketed on the day after the v2 release. Augur V2 Is Live The veteran decentralized betting platform allowing customers to place bets on various cryptocurrency-related outcomes Augur launched the second...
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Elrond Mainnet Goes Live, Introduces Deflationary Model

The popular blockchain project designed for value transfers Elrond has announced that its mainnet is now live. The company also informed that Elrond’s economic model will transform by introducing deflation for its native cryptocurrency. Elrond Mainnet Goes Live According to a press release shared with CryptoPotato, the first application to launch on the Elrond blockchain...
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Bitcoin short-term Price Analysis: 30 July

Disclaimer: The findings of the following analysis should materialize over the next 24-hours  Bitcoin has been brimming with bullish momentum lately, but the world’s largest digital asset could be reaching the end of its rope. Between 21 July 7:00 UTC and 27 July 22:00 UTC, Bitcoin’s price literally spiked within the parabolic curve illustrated below...
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ICONOMI Introduces Crypto Social Trading and Re-invents Portfolio Management

[PRESS RELEASE] The Crypto sector is getting an upgrade, ICONOMI delivers to crypto what a known social trading platform offers for stocks (Copy Strategies). ICONOMI introduces new platform with crypto social trading and re-invents portfolio management Today 30.7.2020, ICONOMI has launched a new version of their platform. ICONOMI 2.0 was completely rewritten and redesigned bottom...
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XRP, IOTA, Digibyte Price Analysis: 30 July

Among XRP, IOTA, and Digibyte, IOTA seemed to be the only cryptocurrency showing the short-term promise of a surge. With Bitcoin climbing above $11,000, the market seemed to have returned to normal. However, that also meant that altcoin dominance was being overshadowed by BTC’s. XRP Source: XRPUSD TradingView The price of XRP, at press time,...
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Diginex’s upcoming listing steals Algorand, Maker’s thunder

No day in the cryptocurrency industry passes without news of any major developments. Whether such developments are price-related, regulatory, or simply listing announcements, such developments underline how active this market is on a day-to-day basis. The launch of new tokens and cryptos almost every other day, followed by their listing on a host of exchange...
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Algorand, Ethereum Classic, Bitcoin SV Price Analysis: 30 July

Bitcoin’s price over the past few days has seen some renewed bullish momentum, enabling the king coin to push past its resistance at around the $10k mark. In the case of altcoins such as Bitcoin SV and Ethereum Classic, their values have fallen over the last few days. However, such a dip in value was...
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Busted: Core Team Behind $5.8 Billion PlusToken Scam Finally Arrested

After perpetuating one of the largest fraudulent projects in the crypto industry, the core team behind the popular PlusToken crypto scam has finally been arrested by the Chinese police, a Thursday report revealed. 27 PlusToken Key Members Arrested Although earlier reports suggest that some of the PlusToken officials were caught months ago, today’s report notes...
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Tezos long-term Price Analysis: 30 July

With Bitcoin’s dominance growing steadily off-late, the altseason seems to have come to a halt. The same can be seen in Tezos’s falling price, an altcoin that has been one of the market’s best-performing cryptos this year. Since 24 July, the price of XTZ has fallen by 17%, with more corrections perhaps on their way....
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Bitcoin Parabolic Surge Starting to Look Weak, Reversal Inbound? BTC Price Analysis

$7 billion has exited from the global crypto market in the last 12 hours, leaving a vast majority of token projects, including Bitcoin, in the red today. Right now, the total market capital stands at around $330 billion, according to Coingecko data. During the early Asian trading session this morning, there was an exodus of...
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World Series of Trading (WSOT) – Monstrous 200 BTC Prize Pool up for Grabs

While movie theaters may be unusually empty this time of the year, a different kind of summer blockbuster is coming soon, one that promises to bring back the exhilaration of competitive crypto trading with up to 200 bitcoins (BTC) prize pool, 20% off trading fees and up to $9,400 in USDT bonuses. A Blockbuster Competitive...
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Decred, Tron, Cardano Price Analysis: 30 July

Bitcoin’s latest attempt to breach its immediate resistances on the charts seems to be successful, with BTC holding above $10,000, at the time of writing. However, while owing to high correlation stats many of the market’s altcoins did follow suit and surge themselves, these alts were soon noting corrections. The examples of Cardano, Tron, and...
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Investment Giant Fidelity: Bitcoin Is a Store Of Value

Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services...
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Bitcoin Cash short-term price analysis: 30 July

The fifth-largest crypto in the market, Bitcoin Cash seems to have suffered the same fate as many altcoins – a drop in price. This drop in price follows the altcoins’ correlation with Bitcoin, the world’s largest cryptocurrency. With BTC’s price surging higher, it would be logical for people to flock towards BTC and away from altcoins...
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Bitcoin Struggles At $11,000: Altcoins Starting To Regain Momentum?

Bitcoin attempted another bullish movement yesterday, but it got rejected when it approached the next resistance line. The majority of the altcoin market is retracing slightly today, following a few days of gains. The S&P 500, Dow Jones, and Nasdaq marked increases yesterday, following an announcement from the Fed pledging to keep the interest rates...
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Bitcoin (BTC) $ 62,081.63 3.00%
Ethereum (ETH) $ 3,170.98 4.46%
Tether (USDT) $ 0.999576 0.02%
BNB (BNB) $ 588.77 1.79%
Solana (SOL) $ 134.55 6.35%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 3,155.66 4.95%
XRP (XRP) $ 0.500349 4.64%
Dogecoin (DOGE) $ 0.14145 5.74%
Toncoin (TON) $ 5.24 4.73%