December 31, 2020

Monero Price Analysis: 31 December

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero [XMR] may not be among the top 10 cryptocurrencies, but it has been moving in sync with the largest digital asset, Bitcoin. At the time of writing, the price of XMR has been...
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Cardano Price Analysis: 31 December

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice The short-term market for most altcoins has been noting a wave-like movement. While Cardano has been moving forward on the developmental front, its price movement has been mostly sideways. The cryptocurrency’s price has been...
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Polkadot, NEM, VeChain Price Analysis: 31 December

The world’s largest cryptocurrency Bitcoin climbed on the charts and headed towards the $29,000 mark and the broader altcoin market followed suit and registered a surge in price. Polkadot was one such example, climbing nearly 12% in the past 24 hours. On the other hand, altcoins VeChain and NEM struggled to maintain positive returns and...
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EOS, Waves, Dogecoin Price Analysis: 31 December

December has been crucial for Bitcoin. During the month, the world’s largest cryptocurrency zoomed past its previous all-time high of $20,000 and is still looking to break more records every single day, and is currently heading towards $29,000. Needless to say, the broader altcoin market has benefitted from Bitcoin’s achievement over the course of the...
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Did Tether dominate the stablecoin market again? Here’s the stablecoin report for 2020

Despite a tumultuous 2020, stablecoins not only managed to stay ahead, but showed considerable growth and industry penetration. From a COVID-induced black swan event to an explosion in DeFi to Bitcoin’s stark price surge, 2020 has been a defining year. Stablecoins, in particular, saw major developments, both in terms of adoption and regulations. Major Stablecoin...
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Cardano’s on-chain governance meant to restrict exchange participation

Cardano Founder Charles Hoskinson took to YouTube recently to share his thoughts on what 2021 holds for Cardano’s governance, calling it “the most exciting year in the history of the project.” After gathering enormous amounts of data and training over 1000 Stake Pool Operators (SPOs), Cardano launched Shelley in July, a development which Hoskinson described...
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Litecoin Price Analysis: 31 December

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin’s market has been devoid of significant volatility, with its charts seeing very dull price movement. Despite its strong bond with Bitcoin, Litecoin has been consolidating on the charts, with LTC yet to see...
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Bitcoin being ‘favorite’ of criminals: Gauging impact of guilt by association

2020 has been a monumental year for the cryptocurrency market. For the world’s largest cryptocurrency, Bitcoin, the year saw drastic dips in price as well as a new ATH set during the December 2020 bull run. The larger crypto-space has not only seen increased adoption and greater use cases, but 2020 was also the year...
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Ripple, XRP, BitMEX, OKEx: Why 2020 saw cryptocurrency litigation become a defining trend

2020 has been a year of great progress for cryptocurrencies. However, the same cannot be said for crypto-businesses, with these entities facing certain roadblocks this year. A recent example of the same would have to be the lawsuit filed by the United States Securities and Exchange Commission [SEC] against Ripple. Ripple The status of XRP,...
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Chainlink Price Analysis: 31 December

Even though most altcoins have been seeing a price correction taking place, Chainlink has felt the brunt of this correction. The value of LINK has been slipping and has been seen increased pressure from the sellers. After peaking at $12.97 on 27 December, the altcoin has fallen to $11.43, at the time of writing. LINK...
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Bitcoin hindsight 20/20 & what to expect in 2021

2020 was surprising, chaotic, and exhilarating, and so was Bitcoin. With the year at an end, it is time to whip out those glasses for a perfect 20/20 vision, not to look back, but to peer into the future. The year so far… To sum the year up would be impossible, especially considering the plethora...
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Ethereum Classic, Algorand, Verge Price Analysis: 31 December

Most of the market’s altcoins have registered price corrections on their charts over the past few days. While the past week did see many coins post double-digit gains, the trend may be changing, as evidenced by the past 48 hours. Such was the case for altcoins like ETC, Algorand, and Verge.  Ethereum Classic [ETC] Source:...
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Tezos Price Analysis: 31 December

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The price of most altcoins has been mirroring the price movement of the Bitcoin market. Tezos [XTZ], for the past few days, was noting a downward trend as the price tried to stabilize after...
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Tron, Synthetix, DigiByte Price Analysis: 31 December

After a few weeks of substantial price movement on the charts, many of the market’s altcoins are now seeing their values stabilize. In the past 24-hours, altcoins like Tron and Synthetix saw their prices settle down, while Digibyte fell by over 8 percent.  Tron [TRX] Source: TRX/USD, TradingView Tron, at the time of writing, occupied...
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Matic Partners with Sapien to Bring Gasless Transactions

The Ethereum-based social network Sapien has partnered with Matic Network, Biconomy, and Torus Labs to enhance mainstream adoption of Web3 social media. The collaboration between the projects will enable gasless transactions and the automatic creation of non-custodial Ethereum wallets on the social platform. Gasless Fees On Sapien’s Ethereum Network The blockchain-based social platform describes itself...
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Why 2020 was the year govts. finally took note of Bitcoin, other cryptocurrencies

From January to December 2020 – How have crypto-regulations evolved this year? 2020 will always be known as the year the COVID-19 pandemic reshaped the way we as humans function and interact with the world. For most in the crypto-community, however, this was also the year the world realized the true potential of cryptocurrencies. With...
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‘I do not consider Ethereum Classic my child,’ says Cardano’s Hoskinson

“I do not consider ETC my child and I have no expectations from the project,” IOHK’s Charles Hoskinson said during a recent AMA, remarks that were greeted with surprise by some since he was one of the co-founders of Ethereum back in 2013. While conducting a special New Year’s Eve AMA, the Cardano Founder went...
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IOTA, Cosmos, Zcash Price Analysis: 31 December

Thanks to Bitcoin’s price rally in the month of December, many of the market’s altcoins have seen their prices shoot up on the charts. However, the last few days have seen bullish momentum for altcoins like IOTA and Zcash fall, with their prices starting to consolidate on the charts.  IOTA  Source: IOTA/USD, TradingView IOTA’s price...
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Bitcoin SV, BAT, Enjin Price Analysis: 31 December

Bitcoin’s price action often dictates the overall sentiment of the larger crypto-market, and with the king coin going past resistances at $27k and $28k, many of the market’s altcoins have also followed suit. However, in the last 48 hours, the momentum for altcoins like Bitcoin SV, BAT, and Enjin Coin has slowed, with these alts...
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Binance Coin, Ontology, FTX Price Analysis: 31 December

Bitcoin’s price has continued to register tremendous bullish momentum on the charts, something that has, in turn, had a positive effect on the altcoin market. However, there were a few exceptions such as Binance Coin and Ontology, both cryptos that seem to be now enduring a spell of consolidation, while coins like FTX Token were...
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Coinbase Sued for Receiving Commissions on Illegal XRP Sale

While Ripple is dealing with allegations from the U.S. Securities and Exchange Commission (SEC) concerning its XRP token, major U.S. cryptocurrency exchange Coinbase seems to be getting its own share of legal saga, as the company faces a class-action lawsuit for receiving commissions gotten from the sale of XRP tokens. Coinbase Slammed With Class Action...
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Bitcoin’s liquidity crisis? Why it’s getting harder to buy Bitcoin

New research indicates 78% of the circulating Bitcoin supply, which is 14.5 million BTC, as being illiquid. According to analysts Kilian Heeg and Rafael Schultze-Kraft at Glassnode, increased perception of Bitcoin as a store of value and hodling activity is reducing liquid bitcoin.  Illiquid Bitcoin has been increasing this year, which means there will be...
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