Price Watch

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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Development has started on Litecoin privacy features, but crowdfund still needs $57,000 in donations

The development has officially begun on Litecoin’s implementation of Mimblewimble extension blocks, a feature that will bring confidentiality to the sixth-largest cryptocurrency by market capitalization. The news comes nearly a year after Litecoin creator Charlie Lee announced the intention to improve LTC’s fungibility by enabling confidential transactions, and a month after the Litecoin Foundation began...
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As major selling pressure for Bitcoin is absorbed, does it mean a relief rally is near?

According to analysts, selling pressure across major spot exchanges like Coinbase and Binance is getting absorbed. Technical analysts have become increasingly optimistic as Bitcoin may be showing a bottom. Well-known Bitcoin trader Jacob Canfield said that “lots of sells” are being bought up on low time frames, indicating that a relief rally in the short-term...
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This bearish formation spells trouble for XRP; here’s where it may drop to next

Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and...
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Analyst: here’s why Bitcoin is bound to see further bullishness despite $7,700 rejection

Bitcoin’s bulls took a hit today after the cryptocurrency faced a violent rejection at $7,700 that led BTC as low as $7,250 before it found enough support to halt this downwards movement. It is important to note that recent fundamental and technical developments still heavily favor the cryptocurrency’s buyers, which may mean that this latest...
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Cardano (ADA) price drops to yearly low; here are the two main factors behind the decline

Despite seeing a consistent increase in developer activity and progress with its roadmap, Cardano (ADA) slipped to levels unseen since the Bitcoin price dropped to the $3,000s in December 2018. During the second week of December last year, the price of ADA was hovering at around $0.031 on major cryptocurrency exchanges like Kraken. At the...
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The Bitcoin multi-year trendline will break, says renowned analyst

Two of the most prominent analysts in the industry maintain that a multi-year support trendline could contain Bitcoin from a further drop. But, there is one popular chartist who believes that “multi-year straight lines and long term log charts do not mix too well.” The infamous support trendline On Nov. 22, Tuur Demeester, a founding...
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Mickey Mouse vs. Justin Sun: crypto community reacts to recent Tron trademark rejections

The crypto community has been gripped by recent news that popular cryptocurrency company Tron had applications for three trademarks blocked by entertainment giant Disney, predicated on the claim that the trademarks would “damage” their brand. The denial of these trademarks is certainly a blow to the blockchain company, and the crypto community has weighed in...
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Bitcoin price defends key uptrend, though analysts wary of return under $7,000

Bitcoin has seen quite the week, trading at $6,400, $7,400, and everywhere in between over the past seven days. As of the time of writing this, the cryptocurrency’s price has settled at $7,200, flatlining as investors decide in what direction BTC will head next. The thing is, there is no consensus: some say that since...
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IOTA releases a “burner wallet” while its price hits 2017 levels

The IOTA Foundation is launching a new web wallet for users to manage low amounts of funds without compromising their data. Although the Foundation continues to work on the development of IOTA and different tools to push its adoption, this cryptocurrency recently reached price levels not seen since 2017. The new IOTA burner wallet In...
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Ripple secures massive investment pushing XRP up over 5%

Ripple announced a massive funding round that is set to push the development and adoption of its decentralized cryptographic ledger technology. Following the announcement, XRP surged over 5 percent, and multiple technical indicators are signaling a further advance. Ripple raises $200 million In a blog post, Ripple, a San-Francisco based technology company, revealed that it...
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As Bitcoin inches back to $7,000, analysts eye prime long opportunities

Bitcoin (BTC) has had a volatile past couple of days, with bears orchestrating a violent sell-off that sent it as low as $6,400 before buyers stepped up and catalyzed a major relief rally that sent the crypto back up to the $7,000 region. This rally has lost its momentum today, as BTC is currently inching...
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Key indicator shows its time to accumulate Bitcoin, but the bottom is far ahead

Despite the high levels of volatility seen yesterday, Bitcoin stabilized around $7,200. Now, a renowned technical analyst suggests that it is a good time to be “stacking sats” while another estimates a further correction. Bitcoin is fairly “cheap” In a recent tweet, Ecoinometrics points out that Bitcoin is trading at a “cheap” price relative to...
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Bitcoin bulls roar as price surmounts $7,000; shows sign of macro reversal

Bitcoin didn’t start the week off hot. On Monday and Tuesday, the leading cryptocurrency tanked, falling by 10 percent in 48 hours’ time. Altcoins followed suit, with Ethereum’s price performance actually going into the red on the year, accentuating the severity of this strong sell-off. Though, it seems that bulls won’t let the cryptocurrency market...
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MINDOL (MIN) skyrocketed over 28x recently, but what is it?

Over the last two months, MINDOL (MIN), an Ethereum-based token aiming to promote the Japanese “geek culture,” skyrocketed over 28x. The sudden rise in has the crypto community wondering whether this crypto is a legit project or another “pump-and-dump” scheme. What is MINDOL? MINDOL claims to be the new currency for the world of “subculture...
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The head of Monero steps down while XMR trends down

The head of the privacy-centric altcoin Monero is stepping down after leading the project since its inception. The news comes at a time when XMR is down 60 percent after peaking at $121 in June. Fluffypony steps down In a blog post, the Monero Core Team announced that Riccardo Spagni, known as fluffypony in the...
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VeChain scores new partnership while VET tumbles

VeChain is seizing the opportunities presented in China after President Xi Jinping vowed to put the nation at the forefront of blockchain technology. The firm recently scored a partnership to accelerate the development of the tea industry in one of the most populous provinces in the country. Meanwhile, VET is trending downward. Leveraging the VeChain...
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Bitcoin price may collapse below eight-year growth curve; can bulls retake control?

Once again, Bitcoin (BTC) has started to slip. After trading above the key $7,000 support for days on end, the cryptocurrency slipped on Monday, tumbling to $6,800, then $6,700 on Tuesday. Right now, bears still seem to be in full control of the crypto market, having pushed BTC from $14,000 to $7,000 over the past...
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Is Bitcoin bottoming out like it did a year ago?

As Bitcoin approaches the $6,500 support level, some of the most prominent analysts in the industry believe that a market bottom could be near just like it happened over a year ago. History tends to repeat itself After reaching an all-time high of $19,890 on Dec. 17, 2017, Bitcoin went through a steep bear market....
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Most of the market’s IEO returns this year came from Binance

Despite many believing it to be the future of fundraising, initial exchange offerings (IEOs) suffered major losses in 2019. According to the latest report from Blockchain Capital, the overwhelming majority of market returns from IEOs came from just one exchange—Binance. Data shows exchange offerings generated huge losses for investors Following the initial coin offering (ICO)...
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Bitcoin aims for lower lows as the market sentiment turns bearish

Bitcoin is back below $7,000 after plummeting 5.72 percent in the last 21 hours. As the market shivers in “extreme fear” based on the Crypto Fear and Greed Index (CFGI), IntoTheBlock estimates that the feeling around the flagship cryptocurrency is “mostly bearish.” BTC/USD by TradingView The current state of the market On Dec. 16, Bitcoin...
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Bitcoin halving grows ever more pertinent as BTC downtrend continues

Bitcoin’s upcoming mining rewards halving has long been looked upon as the most immediate impetus for the next BTC bull run, and the hopes that have been pinned on this event have only inflated in recent times as the cryptocurrency remains caught within a firm downtrend. If history repeats itself, this event will catalyze the...
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Data shows Bitcoin investors are still hodling firmly despite price slump

According to data from the market intelligence platform Glassnode, most Bitcoin investors are unfazed by the volatile market and Bitcoin’s abrupt 50 percent drop in the past five-month. According to Glassnode: “[The Unspent transaction output] metrics suggest that investors are staying put despite being at a loss.  After Bitcoin’s local top in June, fewer transactions...
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Analysts expect Bitcoin to falter as price fails to break past low-$7,000s

Over the past week, Bitcoin has found itself flatlining, establishing a tight range in the low-$7,000s as volume tapers off. This consolidation has forced the Bollinger Bands, a technical analysis tool often used by traders looking for more information about trading ranges and volatility, for Bitcoin to reach “squeeze” levels, implying that volatility is on...
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OKEx ranks first in terms of YTD returns among all exchange tokens

Despite the massive downturn in the cryptocurrency market, some of the native utility tokens from the top exchanges in the world were able to keep most of the gains they made over the past year. Exchange tokens outperformed the rest of the market During the first half of the year, most of the cryptocurrencies in...
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Tezos (XTZ) made it back to the top 10 cryptos by market cap; what’s next?

Disclaimer: This article contains technical analysis, which is a methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. The content presented in this article is the opinion of the author. None of the information you read on CryptoSlate should be taken as investment advice. Buying and...
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With a 90% YTD loss, Algorand is the worst performer of the year

Algorand (ALGO) is the worst-performing coin of the year, having dropped more than 90 percent since January 2019. The company’s token sales and ambitious decentralization goals drastically reduced the community’s confidence in the project, as many criticized its overvalued market capitalization. Ambitious Algorand soars too high Algorand, a Boston-based blockchain company created to improve blockchain...
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Developer says $340M of collateral in MakerDAO could have been easily wiped out

The Maker Foundation is introducing a new security proposal after a well-known software engineer revealed that a malicious actor with enough Maker (MKR) could steal all of the collateral in MakerDAO, taking with him over $340 million. The art of the heist In a recent Medium post, freelance developer Micah Zoltu revealed that anyone with...
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Big traders on Binance panic tanking Matic’s price by almost 75%

The digital token of Ethereum-based payments company Matic lost almost 75 percent of its value in a matter of minutes after two weeks of massive appreciation. While the matter is still being investigated, both Matic and Binance said that it wasn’t a pump and dump scheme, but a result of a panic cycle caused by...
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