What to expect from Ethereum, Cardano and Dogecoin’s recovery phase?
Recovery from the most recent crash is what most traders are looking forward to. Billions of dollars were wiped out of the crypto market capitalization. Among altcoins that are recovering from the price drop, ETH, ADA, and DOGE’s recovery are the most notable. At the time of writing 86% ETH addresses, 39% ADA addresses, and […]
You need to know about rug pulls and its effect on Ethereum and DeFi
Among hacks and malicious maneuvers plaguing the DeFi ecosystem, rug pull is currently top of the list. With several recorded instances in the past six months, rug pulls have thrived on DEXes. The top 3 DEXes have over $5 Billion in USD locked on based on data from DeFiPulse. Rug pulls have thrived on DEXes […]
What do these metrics mean for Bitcoin?
The crypto fear and greed index showed extreme fear as Bitcoin traded below $35000. In the past two days, the index has gone from fear to extreme fear and this shift came at a time when Bitcoin’s price was recovering. Retail traders across exchanges seemed to disagree with the bullish narrative. Based on the average […]
Betting on an Ethereum recovery? Here’s what you need to know
ETH‘s price was around the $2000 level based on data from coinmarketcap.com. Exchange inflows have increased consistently over the past weeks, till the crash; however, it is no longer at the same level as that of Bitcoin. It is anticipated that selling pressure is, therefore, less and the top 10 exchange whale holdings have started […]
This Chainlink trend can affect its price movement
In the current market crash, with a drop in the price of several altcoins, LINK’s price was at the $18.91 level. Based on the price trend and charts, LINK does an 18-month cycle and repeats again but within a new price discovery range. This has been observed on the price chart and on-chain metrics like […]
$715 Million worth of Bitcoin shorts closed on Bitfinex: Why does this matter?
The latest crash in cryptocurrency prices led to a drop to the $30000 level for Bitcoin. Following the flash crash of May 19, this crash led to the liquidation of several longs across derivatives exchanges, following several new short positions that were opened. The highlight was the closing of 22500 BTC shorts, worth a total […]
Breaking down the 2 sides of the Ethereum price argument
The crypto market has continued bleeding, Ethereum’s price has dropped to the $2000 level based on data from coinmarketcap.com. Ethereum’s price has dropped over 20% in the past week and this may be a result of the increased selling pressure. The trade volume was up over 50% in the past 24 hours and this was […]
What are the chances of Bitcoin dropping to $25000?
Bitcoin’s price has remained rangebound above the $30000 this week. Despite the crash, it is now closer to $35000 than it was two days ago. The asset has suffered a drop of nearly 20% in price in the past week, however, this has not deterred traders from buying, and accumulation continues. What’s more, even at […]
Bitcoin: Historically, this is considered the ideal time to make this move
Bitcoin’s price has dropped below the $33000 level a few times this week. Besides, Bitcoin’s social sentiment is at its lowest since the beginning of the bull run in 2020. Historically, this has been considered the ideal time to buy the dip, accumulate, when the crowd has turned against Bitcoin. Based on the social volume, […]
Chainlink, AAVE, Sushi: What’s the deciding factor for these alts?
As ETH fell over this weekend crash, several DeFi projects follow suit. Ethereum’s price action is instrumental to DeFi’s rally. In the past month, ETH’s price has dropped below $2000 on a few occasions. On these occasions, there has been a bearish impact on the overall DeFi TVL and the TVL of several DeFi projects. […]
What is the worst-case scenario of buying Ethereum right now?
There may be more traders shorting Ethereum at the time of writing, than accumulating. In the current bloodbath, Ethereum’s price is 11% below last week’s price level. The market capitalization has held steady at $243 Billion and the trade volume has dropped signaling an accumulation. However, what does this mean for traders buying at the […]
Why this growth of SUSHI on MATIC should matter to traders
SUSHI was trading at the same level as last week, however, there are metrics that suggest the sentiment and ROI have changed. At the $7.91 level, SUSHI’s trading volume was up 83%. This increase in trading volume is not indicative of the dip; it represents the selling pressure that SUSHI has resisted over the past […]
Ethereum: When can you expect a rally based on this metric?
Top altcoin ETH was trading at the $2200 level and below $3000, ETH is undervalued. However, the current ETH fees have dropped to their lowest level in 2021. It has hit December 2020 level, based on the following data from Santiment. Average ETH fees have not been seen at this level since the peak it […]
Every quad witching, this Chainlink price trend can be observed
LINK-powered projects have garnered support from several influencers since the last price rally. Trading at $21.39 level, the market capitalization was at $21.9 Billion level based on data from coinmarketcap.com. Based on previous instances, following quad witching, options expiration, LINK’s price rallies consistently every instance. Based on the above chart from Coinmetrics, LINK’s price is […]
Ethereum, MATIC and OMG: What ROI can you expect, buying at the current price level?
Despite yesterday’s drop, MATIC’s price was 13% above the price level from last week. MATIC was trading at the $1.39 level based on data from coinmarketcap.com. The altcoin has rallied after the launch of multi implementation scaling solution. Among other factors, this has driven the demand for MATIC’s rally and increased the trade volume across […]
What you should know about the impact of Ethereum’s scalability
On the back of a brief market crash on 18 June, Ethereum’s price was attempting to recover somewhat after trading around the $2200-level. This is the second time Ethereum has recovered from a significant drop in this range and it is important for the altcoin to remain steady above the psychologically important price level of […]
Three reasons why traders can expect this with AAVE in their portfolios
AAVE, at the time of writing, was consolidating in the buy zone at a price level of $268.31, based on CoinMarketCap. What’s more, AAVE’s market capitalization was $4.2 billion, with the altcoin among the market’s top 30 too. At 80% of its circulating supply, AAVE had over 25% profitable HODLers at the said price level. […]
Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?
One of the market’s top institutional investors, Grayscale, has updated its list of investments in cryptocurrencies, adding 13 new altcoins to its portfolio. From Solana [SOL] to Polygon [MATIC] and KAVA, Grayscale’s new investments have introduced an inflow to several altcoins that have rallied since the beginning of 2021. Though their addition to Grayscale’s portfolio […]
AAVE & Sushiswap: How will these alts affect your portfolio?
Among other DeFi projects, AAVE, Sushiswap and Quickswap have emerged as the projects with the highest on-chain activity. In DeFi it is critical to have social volume, demand, and volatility for investment inflow to increase, and the project to rally. These altcoins have a steady investment inflow and have offered high ROI to traders in […]
What can be expected from Solana’s price this month?
Solana’s comeback from the drop to the $23 level is largely attributed to its latest listings on exchanges. The broader market swings fuelled the current volatility and price rally for SOL. The fact that SOL is scalable without relying on L2 and sharding makes it lucrative for traders. It has contributed to the increasing demand […]