Tag: Altcoins

Ethereum competitor Solana DeFi name roughly translates to sunshine. And, boy, is the blockchain heating up right now. The Solana network passed $2 billion in total value locked for the first time today, according to stat tracker DeFi Llama. Total value locked, or TVL, refers to how many crypto assets are tied up in decentralized […]

Bitcoin price analysis indicates bearish price action to follow over the following 24 hours as further upside couldn’t be reached after another test of the $47,000 resistance. We expect BTC/USD to drop later today and move back to the $42,00 support line. The cryptocurrency market trades with a small increase over the last 24 hours. […]

Crypto Taxes Infrastructure Bill The controversial crypto taxes introduced with the $1 trillion infrastructure bill have resulted in a last-minute frenzy keeping the entire crypto community on the edge of their seats. As per the latest tweets from pro-crypto Senator Cynthia Lummis, the final voting on the amendments will happen at 9 AM, August 9. […]

Cardano (ADA) has finally acquired regulatory approval to be listed on Japanese crypto exchanges. It just became one of the rare tokens that succeeded to be listed on crypto exchanges in Japan. Big boost to Cardano’s legitimacy According to Sebastien Guillemot, CTO of dcSpark, a blockchain company that builds software products on Cardano, Japan has […]

Aave Price hits two-month High on Wall Street’s DeFi adoption hopes. Bids for the lending platform token surged dramatically after Bitwise Investments announced an Aave-focused fund for institutional investors. Demand for Aave has boomed dramatically in the previous 24 hours as traders assessed its involvement in Bitwise Investment’s upcoming institutionally focused investment vehicle. The San […]

Veteran analyst and trader Peter Brandt is issuing a warning to Cardano holders, saying that the fifth-largest cryptocurrency could be on the brink of following Litecoin’s 2018 price trajectory. The popular crypto strategist tells his 549,300 Twitter followers that Cardano could be at the top of the price range and facing a potential downtrend, similar […]

Ethereum’s EIP-1559 upgrade is fast approaching, but derivatives data shows traders are less than optimistic about ETH’s short-term prospects to Ethereum Price. Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s […]

sentiment data for $XRP, Cardano’s ADA, Ethereum, and Polkadot (DOT) has started flashing a buy signal, according to cryptocurrency insights firm Santime In a tweet, the firm revealed that cryptocurrency traders have, on social media, started taking a bearish stance on these four altcoins, at a time in which the price of bitcoin started testing […]

Etheruem Price Analysis:  ETH continues to struggle with a 10% price drop over the past week. Against BTC, ETH dropped as low as 0.0628 BTC this weekend but has since rebounded as it battles to remain above the 50-day moving average line. ETH/USD – Market Falls Beneath 100-day MA Key Support Levels: $2330, $2250, $2200. […]

Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation. The crypto market is becoming increasingly mainstream. Between the entrance en masse of traditional financial institutions — from investment funds to banks, to insurance companies — to the multitrillion-dollar market capitalization, crypto is truly unignorable.  […]

Price Analysis 6/7 Bitcoin and altcoins are likely to remain under pressure for a few days but lower levels could attract buying as per price analysis. United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest massive spending package while speaking to Bloomberg. Yellen said it would be “a plus” for society even if […]

Bitcoin price is facing many hurdles, starting with USD 36,500. Ethereum is trading well below USD 2,500, XRP is consolidating above USD 0.82. LEO, ENJ, DCR, and GRT are up 8%-11%. Bitcoin price failed to remain stable above the USD 36,500 support zone. BTC extended its decline below the USD 35,000 support level. It is […]

The team at IOHK has announced the launch of the first Testnet of the Alonzo Upgrade Cardano’s Alonzo testnet will first be available to a small group of SPOs, partners and Plutus Pioneers New users will be onboarded with time as the team integrates new features on the Cardano (ADA) testnet Once complete, the Alonzo […]

Price Analysis The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for Price analysis. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right […]

Crypto Market Review – Bitcoin is witnessing aggressive selling but if key support levels hold, ETH, ADA, SOL, and MATIC may lead the market higher. During strong uptrends, every correction is aggressively purchased as the sentiment is positive and traders expect higher levels in the future. Therefore, corrections during a bull phase are shallow and […]

Ethereum’s DeFi ecosystem underwent a severe stress test on Wednesday after a crash in ETH’s price led to extreme network congestion. Ethereum miners earned $110 million during Wednesday’s crash, the largest daily revenue in the network’s history. Average transaction fees spiked to $300 for an ETH transfer. Liquidation on Ethereum’s DeFi platforms totaled $320 million […]

Ethereum declined heavily and it even tested the $2,000 support zone against the US Dollar. ETH price is attempting a recovery and it must clear $2,800 for a steady rise. Ethereum is down over 40% in a week and it even tested the $2,000 support zone. The price is now well below the $3,000 level […]

Cardano price undergoes bullish reversal that pushes it above the 50-day SMA. Apart from ADA, the majority of coins are struggling to overpower the 200-day SMA.  Cardano breaks into a head and shoulder pattern on the 4-hour chart Cardano Price Prediction: General price overview Cardano(ADA) posted a remarkable recovery on the 24-hours daily chart after an […]