August 16, 2020

Bitcoin Cash, Tezos, Ethereum Classic price analysis: 16 August

With all the buzz around Chainlink’s and Bitcoin’s rapid rise and consolidation, respectively, other resurgent and dampened altcoins have been left out of the limelight. Bitcoin Cash, the hardfork of Bitcoin, for instance, has been replaced on the 5th spot of the coin market by the aforementioned Chainlink. Tezos despite a bullish rise has been...
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Bitcoin: 4 reasons why we are in the early bull-run stage

How do we know we are in a bull run? Early 2017 did not show signs of what could occur by the end of 2017. However, bitcoin and the crypto ecosystem seems to be already in the bull run. Bitcoin has, briefly, breached the $12,000 level, however, failed to sustain it. Regardless, the bullish feeling...
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Tron, Decred, Bitcoin SV Price Analysis: 16 August

TRON and Decred were subject to strong upward moves over the past few days. Both coins indicated that it is likely they continue on their trajectory. Bitcoin SV stagnated and showed no sign of upward price movement. TRON [TRX] Source: TRX/USDT on TradingView TRX had a market cap of $1.76 billion, and held the 15th...
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Cardano long term price analysis: August 16

Cardano has seen reduced momentum in the past month. The price has been range-bound [between $0.156 to $0.262] for over a month. With the mainnet launched, total ADA staked has now hit 12.49 billion aka $1.74 billion with 31,000 delegators. The fundamentals of ADA look strong with the successful launch of the mainnet. Cardano 1...
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Litecoin short-term price analysis: 16 August

Even as Chainlink and Bitcoin steal the limelight, one cannot forget Litecoin. The world’s first altcoin is currently in the 8th spot on the coin market, ahead of resurgent coins like Cardano and Binance Coin, trending with a daily gain of 7.13 percent, second only to Chainlink. Litecoin’s market cap was a strong $4.03 billion...
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Bitcoin short-term price analysis: August 16

Bitcoin was trading at $11,800 and showed signs of heading lower due to the formation of a bearish pattern. While some altcoins have seen a good surge in the last 24 hours, some haven’t been so lucky. BTC falls under the latter category with a 0.68% decline. Bitcoin 4-hour chart BTCUSD TradingView From the above...
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Ex-Prudential CEO Does a U-Turn: It Is Time to Buy Bitcoin

It’s no secret that as time goes, more and more professionals from the world of traditional finance are making headway into Bitcoin. Or at least, showing support for investing in the New Gold. The latest amongst the growing list of mainstream supporters is George Ball, ex-CEO of the insurance giant Prudential. The Former Hater Is...
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Bitcoin: Buy and hodl vs buy and trade asap… which strategy works for whom?

The case of the ‘hodling of Bitcoin’ is a curious one. At first, it would seem that those who would be more inclined to hodl the cryptocurrency would be average everyday people who heard about it before the 2017 bull-run, and not the corner-office institutions who jumped in only after 2018, but reality is quite...
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Bitcoin investors’ ‘Now or Never’ attitude replaced by ‘Now and Always’

How does one identify if a market is healthy or not? Well, that is a question with no right or even one answer. What can be expanded upon here, however, is the nature and attitude of the investor class – a crucial characteristic of a healthy market. How has that changed over the years and...
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Bitcoin and the crypto-market have what DeFi doesn’t!

If one were to take a survey, chances are that most would agree that the last few weeks and months have been pretty good for the cryptocurrency market. Bitcoin, and with it, the rest of the crypto-market, seem to be on the up, with the memories of Black Thursday well behind it. However, that’s not...
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Algorand, Dogecoin, XRP price analysis: 16 August

The crypto-market, at the time of writing, was going through a tricky phase. Bitcoin, the world’s largest cryptocurrency, was continuing to trade sideways on the charts, with BTC looking to strengthen and consolidate its position around the present price level, before it attempts to breach its psychological resistance of $12,000. Source: Coinstats This, however, has...
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Ethereum Is Sliding Down: Will $400 Get Retested As Support Soon? (ETH Price Analysis)

Ethereum is slowly losing momentum after recording a 2-year high at $445 earlier this week. Will $400 get confirmed as support before the bulls will continue? Against Bitcoin, Ethereum managed to reach as high as 0.0371 BTC before rolling over to the current 0.0356 BTC level. ETH/USD – Will $400 Get Tested As Support? Key...
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Stellar Lumens, BAT, EOS price analysis: 16 August

The overall investor confidence could propel Stellar and BAT to breach stiff resistance facing them. EOS saw strong gains in the past week and is ready to target the next resistance. Stellar Lumens [XLM] Source: XLM/USDT on TradingView Stellar Lumens held rank 14 with a market cap of $2.2 billion. XLM was perched on the...
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ZCash, Monero, Ethereum price analysis: 16 August

Ethereum was headed to a weekly close that would interest long term investors, with a good potential to post further gains in the coming weeks. Monero found its momentum waning, while Zcash showed some initial signs of strength. Ethereum [ETH] Source: ETH/USD on TradingView ETH traded with below-average volume over the weekend. This could have...
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Max Keiser: Warren Buffett Will Start Panic-buying Bitcoin at $50,000, Just like Peter Schiff

Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks. Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he...
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Market Watch: LINK Records $20 ATH While Bitcoin Stuck Below The $12K Resistance

After some minor fluctuations from $11,750 to nearly $12,000, Bitcoin lowered its volatility level and trading around $11,900. Is BTC getting ready to conquer $12K? We will see. At the same time, most altcoins continue to be volatile again with some massive gains from EOS, Yearn Finance (YFI), and Kava and another all-time high from...
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Tezos has been an underdog in the value-driven market

The spirit of the current market has been reminiscent of a healthy bull market. However, this time the focus has been majorly on altcoins. Altcoins like Chainlink [LINK] and Tezos [XTZ] have been marching to the beat of their own drums and have proven to be among the handful of resilient altcoins. LINK reported gains...
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Bitcoin (BTC) $ 63,695.07 1.14%
Ethereum (ETH) $ 3,311.99 6.34%
Tether (USDT) $ 0.999623 0.01%
BNB (BNB) $ 599.96 1.06%
Solana (SOL) $ 142.79 4.93%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 3,310.40 6.37%
XRP (XRP) $ 0.521459 1.27%
Dogecoin (DOGE) $ 0.149325 2.84%
Toncoin (TON) $ 5.53 4.51%