Analysis

Bitcoin, altcoin Futures contracts worth $3 trillion traded in 2019

TokenInsight, a noted data-analytics platform, has released its latest report on derivatives trading markets, with the same analyzing trading activities surrounding Bitcoin and other cryptocurrency Futures contracts in 2019. TokenInsight studied Bitcoin and altcoin Futures trading volumes from nine different exchanges, including the likes of Bybit, Binance, Deribit, and FTX, collecting data for between 1...
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XRP fractal shows possible drop to $0.22 before February

Following the sudden rise in XRP’s value from the $0.184 mark to $0.225 in just three days, beginning from 3 January, the coin has been making steady gains, rising all the way up to $0.25. However, XRP seems to be following a fractal and could be in for a drop in the short-term. At the...
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Litecoin’s next surge may depend on Bitcoin’s market performance

The bearish lows of December 2019 were overcome with the recent collective surge witnessed by the crypto market. Bitcoin silver’s counterpart Litecoin experienced a similar hike over the period as the 7th largest digital asset breached its psychological resistance of $50. Litecoin was valued at $59.60 at press time with a market capitalization of $3.77 billion....
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Bitcoin outperforms Ethereum, litecoin with a higher address profitability

Bitcoin has managed to consolidate higher in the charts after a few consistent surges; other major assets have followed BTC’s path in improving their respective valuations. Despite rising market caps, the address profitability for certain major cryptos has not mirrored their current market performance. Data from intotheblock.com indicated that a majority of the addresses holding...
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Ethereum could rise to $183 before next month

After touching $115 on December 18, ETH grew by nearly 50% in the month that followed. While 2019 was not too favorable for Ethereum, 2020 might push it to greener pastures. Valued at $161 at the time of writing, ETH has a market capitalization of nearly $17.7 billion, with almost $14.6 billion worth of ETH...
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Bitcoin and other assets remain a ‘rare allocation’ in investment portfolios

2017 bull run opened the flood gates for the cryptocurrency ecosystem and many investors have not looked back. Fast forward two years and the debate still arises whether the rate of involvement and widespread utility of digital assets is prominent or not. 2019 witnessed the growth of institutional investors with major market players such as...
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Binance DEX and co. accounted for only 0.01% of 2019’s trading volume

TokenInsight’s latest 2019 Cryptocurrency spot exchange industry annual report evaluated the overall trading performance of centralized and decentralized exchanges across the world. According to the report, the market activity of centralized exchanges was fairly inactive during the first quarter of 2019. However, this was followed by a sharp incline during the second and third quarter...
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XRP might finally rise back up to $0.34

Between June 22 and July 15, XRP dropped by almost 44%, from $0.50 to $0.283. Since then, the coin has been unable to rise above the $0.34 mark, though that may be about to change in the coming months. At the time of writing, XRP was valued at around $0.21, with a market capitalization of...
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Ethereum could repeat recent 10% drop to 0.169 BTC soon

Since mid-July 2019, Ethereum has been unable to cross above 0.0227 BTC, priced at around 0.176 BTC at the time of writing. While the short-term looks like more downward for Ethereum, the long-term looks a little more optimistic, and could push ETH back above 0.02 BTC. At the time of writing, ETH was valued at...
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Bitcoin could breach descending channel to $9800 by next month

January 7 was a momentous day for Bitcoin, having finally crossed the $8000 level for the first time since late-November. With such a great start to 2020, Bitcoin could have more surprising upward price movements in store. BTC was valued at around $8100 at the time of writing, and indicators show the price could move...
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XRP could drop to 2520 sats amid rising Bitcoin dominance

Other than a brief rise to nearly 2900 sats on January 6, XRP has been mostly consolidating between 2550 and 2700 sats since mid-December, 2019. With Bitcoin and its dominance on the rise, XRP could be in for some sharp movements in the short-term. XRP BTC 4-hour chart Source: XRPBTC on TradingView The 4-hour chart...
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Cardano, Monero and other altcoins with mid-market caps register sharp rise in performance

With all eyes fixed on Bitcoin‘s valuation at the moment, the lesser-known assets with medium-range market caps were seen performing better than the large market cap assets. According to Arcane Research, the best performing tokens over the past week has been outside the major altcoins with only Monero and Bitcoin SV making the cut from...
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Bitcoin options trading shows 25% probability of BTC crossing $10k by June 2020

Over the past seven days, Bitcoin’s price has been revived after witnessing a lukewarm period in December 2019. Source: Coinstats Since January 4th, BTC’s valuation has scaled up to 15 percent, and at press time the largest digital asset held strong consolidation above the $8000. It is important to note BTC‘s price was around $6900...
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BTC Futures’ high premium rates on CME highlights bullish sentiment

If the idiom ‘off to a fresh start’ needed an example, Bitcoin will be an ideal candidate at the moment. After starting the year at a price under $6900 on 2nd January, the largest digital asset seemed to break away from its bearish shackles, registering a growth of over 19 percent in the past 9...
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Litecoin takes a page from its past; repeats pre-2019-rally pattern

The silver to Bitcoin’s gold, Litecoin, has had a rather tough time since its halving. The price of Litecoin has reduced by a massive 70% since its last peak in 2019. The coin trades at $45 and has a market cap of $2.82 billion, just below Bitcoin Cash and above, EOS. At press time, however,...
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XRP sets itself up for a short-term 5% to 8% bounce

XRP, the third-largest crypto has had its downs more than ups; things have started to change for XRP, but the future looks slightly less gloomy. Especially with a tiny surge on the horizon. 4-Hour Chart Source: XRP/USD TradingView XRP’price successfully completed a reversal pattern [triple bottom] and surged by 15% reaching $0.22. This pump for...
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Bitcoin’s long-term prospect looks bleak but after a 5% rally

Bitcoin’s recent rally was delayed but it arrived nonetheless; the price shot up by ~16% in 3 days to $8,436. However, the rally has stopped and reversed as the retracement continues. This can mean two things for Bitcoin, a short retracement prior to another pump; exhaustion of the surge. The latter seems more plausible due...
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Bitcoin off to slow start in 2020 as privacy coins impress

Over the past 3 days, Bitcoin has witnessed a surge of 12.3 percent, a development that took its price valuation above the $8000 mark. However, the first week of January was found to be more bullish for altcoins, than the king coin. According to Coinmetrics, major altcoins like Ethereum, XRP, and Litecoin registered negligible growth...
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Bitcoin Mining Power Has Hit Record Highs

Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the network...
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Stellar Lumen’s Inflation Scheme Shows Failures in Token Model

In a January 7, 2020, report from Coinmetrics, analyst Antoine Le Calvez revealed several supply and distribution failures within the Stellar Lumens network. Specifically, who really profited from the monetary inflation process? Failed Tokenomy, but not Scandalous Stellar Lumens was first launched in July 2014 following the second wave of major cryptocurrency projects including Monero,...
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Bitcoin breaches $8,000 mark as altcoins remain in limbo

As tensions between the United States and Iran escalate, safe-haven assets are seeing massive gains. On the back of market uncertainty, Bitcoin broke the $8,000 barrier for the first time since 22 November, while gold continued to climb massive highs. For over a month, the Bitcoin market was stagnant owing to the holidays subduing volatility....
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What Quantum Finance Means for Bitcoin

Quantum computing could allow banks to more accurately quantify their risk, opening additional opportunities to invest in Bitcoin. Some of the biggest names in banking have confirmed they’re targeting research investment into the nascent field of quantum finance. The move comes after Google confirmed last year that it had achieved “quantum supremacy” with its Sycamore...
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XRP Could Retrace Before Continuing the Uptrend

XRP surged over 15 percent in the last 36 hours following a significant consolidation phase that began in mid-December 2019. Now, this cryptocurrency could be signaling a retracement before the continuation of an uptrend. XRP Technical Analysis Since Dec. 17, 2019, XRP was contained within a narrow trading range. This cryptocurrency spent 20 days trading...
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Bitcoin the Answer to Monetary Debasement?

As central bankers around the world get set for a prolonged period of monetary debasement, the 99% could look to Bitcoin for protection. A Decade of Monetary Debasement Looms The European Central Bank issued guidance at the end of last year that it would keep “the key ECB interest rates to remain at their present...
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The Future of DeFi Depends on Ethereum, But for How Long?

As decentralized finance gains steam how much of it will depend on Ethereum? Well, it depends on how long Ethereum 2.0 takes to launch. DeFi’s Dominance  The number two blockchain hosts the largest number of developers, and thus reports the most activity, according to data from August 2019. Of this activity, “smart contracts, infrastructure, and...
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Bitcoin could climb to $8500 in less than a week

Since 10 December, Bitcoin had been struggling to make gains, mostly moving between $7100 and $7500 and dipping as low as $6400 in the middle. Bitcoiners rejoiced today after the original cryptocurrency managed to break above the $7500 mark, possibly signaling a movement to greener pastures. Bitcoin 1-day chart Source: BTC/USD on TradingView The daily...
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Ethereum Technical Analysis Sees ETH Track BTC Higher

Ethereum has a bullish short-term trading bias and a bearish medium-term outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed The daily time frame shows that a breakout above the $140 level could be very bullish for ETH/USD Ethereum is moving higher on Monday, as the second-largest cryptocurrency...
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Low Bitcoin volumes and volatility signal uncertainty behind BTC’s latest rally

Despite a strong rebound in both price and sentiment, the Bitcoin market is grappling with the lowest real trade volumes seen since April last year, as reported by Forbes. Bitcoin posted a convincing bull rally Friday morning, seemingly ending a weeks-long consolidation that had taken BTC down to $6,900. The recovery appears to have been...
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Cardano (ADA) is struggling despite market uptrend: 3 key reasons behind the slump

Despite an uptrend in the crypto market and major technical breakthroughs, Cardano (ADA) is failing to recover. Down by 97 percent from its record high, the price of ADA is struggling more than any other top cryptocurrency. XRP and Stellar (XLM), which had poor performing years in 2018 and 2019, have outperformed Cardano in terms of...
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Bitcoin’s recent price jump has nothing to do with the Middle East crisis, here’s why

The Bitcoin price has increased by more than eight percent from Jan. 3, within a three-day span. Many analysts have attributed the short-term gain to the crisis in the Middle East, but it is likely far-stretched. Prior to the large upside movement last Friday, technical analysts like DonAlt said that a spike in volatility is...
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