Bitcoin Dominance rose toward 64.3% after posting another higher low at 62.44% for the past week and stood at 63.66% at the time of writing. Bitcoin is currently being traded at $19072 with a 24-hour trading volume of $19.6 billion. Source: CoinStats Some altcoins showed a bullish breakout, such as Bitcoin SV and NEM. Compound...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The XRP market has once again been moving higher up the price ladder and given the momentum witnessed in the Bitcoin market, the price could witness a boost. At press time, the XRP price...Read More
Bitcoin’s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from...Read More
After hitting its latest ATH on the price charts, Bitcoin has fallen. However, optimism remains high, especially since at the time of writing, BTC was still trading at a level right above $19,000. With the world’s largest cryptocurrency consolidating on the charts, many of the market’s altcoins have chosen differing price trajectories. The likes of...Read More
The Crypto Fear and Greed Index showed extreme greed with a reading of 93 for the day and has stayed above 80 since early November. MicroStrategy purchased another $50 million worth of BTC averaged to $19,474 per coin, while Grayscale added another $140 million to its Bitcoin holdings in the past 24 hours. Tron had...Read More
Stellar Lumens was rising to test the level at $0.18 at resistance before retracing more gains from the previous month, where XLM made gains of nearly 200%. Decred was also moving lower on the charts, and it is expected to see a bounce upward at $24.3 support. Waves had a bullish outlook and traded within...Read More
Cryptocurrency regulation has been a widely discussed topic around the world. On the one hand, many nations are trying to find a balance between regulations and innovation, while on the other, there have been steps to stifle the growth and progress of crypto. Recently, the Michigan Democrat Rashida Tlaib with Congressmen Jesus García and Stephen...Read More
Injective Protocol announced the launch of their first synthetic commodity market on the Solistice Testnet. According to the announcement, users can now trade gold perpetual markets with up to 20x leverage. The price oracles utilized will enable real-time feeds which further allows traders to trade gold 24/7 on Injective. “We have chosen to begin with the introduction...Read More
China is leading the world in the development, implementation, and testing of its CBDC with the DCEP project, adding yet another city to the list of test runs. According to reports, Suzhou will give away 20 million Yuan worth $3 million in the new central bank digital currency. Similar to the pilot in Shenzhen, citizens...Read More
Bitcoin saw a dip from $19,500 to $18,500 in the past couple of days and was trading at $18,919 at the time of writing. Bitcoin Cash had a few days of calm sideways trading but could be headed lower in the coming hours. Ontology indicated a breakout was imminent, with the direction not yet confirmed....Read More
CEO of major cryptocurrency exchange Binance, Changpeng Zhao, or CZ, expects the exchange to make profits between $800 million and $1 billion this year. According to Zhao, Binance’s expected profits for this year are up from about $570 million – or almost double – of what it recorded last year. CZ revealed the figures to...Read More
Ordinarily, Bitcoin’s price movements would have a uniform effect on the rest of the altcoin market. However, that wasn’t the case over the previous week since many of the market’s alts found alternate trajectories. While the likes of XRP and Polkadot surged on the charts on the back of their bullish movements, DigiByte failed to...Read More
Bitcoin’s recent surge that saw it climb to a new ATH on a few exchanges had a profound effect on the rest of the crypto-market. At press time BTC was being traded at $19,403 with a trading volume of $17.5 billion. Source: CoinStats Thanks to BTC’s high correlation with the rest of the market, many...Read More
The past few days have been understandably bullish for the crypto-market. Not only did Bitcoin, the world’s largest cryptocurrency, climb to a new ATH on certain exchanges, but the past week also saw the launch of Ethereum 2.0’s beacon chain with its genesis block. The rest of the market’s altcoins, as expected, reciprocated, with many...Read More
Elysia, a tokenized real estate ownership protocol, has announced an upcoming integration with oracle solution Chainlink to price properties and calculate token distributions. Elysia’s decentralized real estate marketplace allows users to buy tokens representing property ownership and distributes rewards to token holders when the underlying properties generate income. The Elysia app will leverage Chainlink Price Feeds to...Read More
Polkastarter, a Polkadot-based DEX built for cross-chain token pools and auctions, has partnered with Moonbeam, an Ethereum compatible parachain, to enable cross-chain interoperability. In an announcement, Polkastarter stated that the partnership would allow for easy integration between the Ethereum and Polkadot ecosystems. Moonbeam is able to transpile Solidity and other Ethereum-native logic & code to...Read More
Chainlink and C.R.E.A.M. Finance have been at the head of quite a few developments lately. Now, with the latter announcing a new integration associated with its oracle services, the two are bound to be in the headlines even more so. According to the said announcement, C.R.E.A.M. Finance has chosen Chainlink as its primary price oracle...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash, like EOS, has enjoyed a lousy YTD performance in the year 2020. In fact, BCH was up by only 33% at press time, while ADA was up 10x with respect to BCH....Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice EOS has been one of the year’s least-performing cryptocurrencies so far, with the crypto registering 7.82% in YTD returns while the likes of ADA saw YTD surges of 331% [When compared to BTC, ADA,...Read More
While the larger cryptocurrency market has been going through a consolidation phase, one trend seems to be overpowering the other in the altcoin market. Out of the market’s many altcoins, the likes of Monero, Waves, and Zcash have been reporting YTD returns of greater than 100%. In fact, according to Messari, Monero [XMR] and Zcash...Read More
Bitcoin’s price was quick to record a minor correction after having registered a new ATH a few days ago. Since then, some of the market’s most popular altcoins have had to endure a brief period of price consolidation on the charts. Since the start of December, cryptocurrencies like Litecoin, Cosmos, and Dogecoin have remained stuck...Read More
According to a recent announcement by the Ampleforth Foundation, AMPL is now expanding beyond the Ethereum blockchain by integrating with 3 new blockchains, namely, Tron, Acala (Polkadot), and NEAR. In a statement celebrating Ampleforth going multichain, the protocol said, “As decentralized finance moves across chains, so too will the core monetary assets. We’ve seen this...Read More
IOHK has been working on the token locking functionalities before the Hard Fork Combinator [HFC] event which has been scheduled for the first week of December. The team has been continuing with its Goguen rollout, which has been an important milestone after Shelley. In a recent update, Dimitris Poulopoulos, Goguen Project Manager, and Volodymyr Hulchenko,...Read More
Ethereum rose to $600 once more, and the altcoin market responded positively to ETH’s rise in the past few hours. Binance Coin and Tezos registered gains, however, Tezos lacked trading volume. Basic Attention Token stalled beneath a level of resistance at $0.24, also on low trading volume. Bitcoin was likely to have a strong influence...Read More
While Ethereum exhibited a massive drop below $500 on the 26th of November, a sharp recovery has brought back the asset above $600. While the price is currently hovering under the range, the short-term analysis indicated a rather uncertain trend. Ethereum 1-hour chart Source: ETH/USD on Trading View On 24th November, Ethereum’s value topped at...Read More
Bitcoin rose above $19,000 once more but its recent volatility resulted in weakened bullish momentum for altcoins. At press time the king coin was being traded at $18,523 with a 24-hour trading volume of $71.3 billion. Source: CoinStats Chainlink closed outside an ascending channel and could see $12.6 support revisited in the coming days. Dash...Read More
Over the past week, the bullish sentiment of the collective crypto market has slowed down. Bears had made their presence felt and Polkadot continued to be aware of this impact. After briefly registering a local top at $6.45 on 24th November, DOT has managed to cross the $6 mark again. Its recent rally pushed the...Read More
Bitcoin Dominance rose to 63.28, and the Crypto Fear and Greed Index showed 92 to denote extreme greed in the market. And how else would it be, with Bitcoin so close to its ATH that 99% or more Bitcoin ever bought, if held without selling, would be in a profit at the time of writing....Read More
The store of value and digital gold narrative has taken markets across spot exchanges by storm. Imagine moving ahead from the store of value narrative, as Bitcoin continues to trade above $18000 and consider the fact that $1000 of Bitcoin purchased a decade ago would be worth approximately $100,000,000 today. When @danheld tweeted about this,...Read More
Cardano’s rise during the bitcoin rally was parabolic but unlike the king coin, it wasn’t sustainable. The retracement pushed ADA down by a whopping 35% and since then, the coin has been consolidating. For now, we can expect ADA to keep continuing its consolidation until it reaches a boiling point. Post which, we can see...Read More
