Monero, Ethereum Classic, Dogecoin Price Analysis: 19 January
Despite Bitcoin clawing back to regain the $36,000-mark, altcoins such as Monero, Ethereum Classic, and Dogecoin remained cautious and awaited further cues to make a definitive move on the charts. In fact, a bullish scenario could see XMR topple its present resistance and move towards $162.4. ETC showed bullishness, at the time of writing, but […]
With Ethereum nearing ATH, is $1,600 on the cards too?
Ethereum‘s price is on a parabolic rally right now, and it is very close to hitting a new ATH on the charts after breaching its previous ATH, a level set back in January 2018. In fact, its surge has been quite similar to Bitcoin’s when it was near its 2017-highs. If the same does come […]
Crypto Analyst Nicholas Merten Says Altcoin Cycle Has Arrived, Lists Top Picks Poised to Outpace Bitcoin
Trader and DataDash founder Nicholas Merten is unveiling some of his top crypto picks for this year as a new altcoin season emerges. In a new installment of DataDash, Merten says he’s keeping a close watch on Uniswap against Bitcoin. The trader notes that UNI/BTC is poised to end its downtrend as it prints a […] The post Crypto Analyst Nicholas Merten Says Altcoin Cycle Has Arrived, Lists Top Picks Poised to Outpace Bitcoin appeared first on The Daily Hodl.
Litecoin, Crypto.com Coin, Ethereum Classic Price Analysis: 18 January
The cryptocurrency market had been moving sideways given the lack of momentum in the Bitcoin market. However, on 18 January, the market saw a slight boost, and the prices of most cryptocurrencies suddenly shot up. Major cryptocurrencies like Litecoin [LTC] surged, but the mid-cap and small-cap alts did not see much movement. Litecoin [LTC] The […]
XRP Price Analysis: 18 January
XRP continues to consolidate under the $0.29 level after breaching the $0.30 range during the 2nd-week of January. The asset recently dropped down to 5th position as well, with Polkadot, taking over its 4th place. While the price is currently on a rise since the end of December, there remains a sense of uncertainty about […]
Stellar Lumens, Aave, BAT Price Analysis: 18 January
Stellar Lumens and Basic Attention Token were trading right beside their range highs. However, Stellar Lumens struggled to break past the resistance while BAT already has, and looked to surge higher. Aave made strong gains over the past week, and some levels of support are highlighted if it retraces some of those gains. Stellar Lumens […]
XRP At Risk Of Falling Out Of Crypto Top Five For First Time Since 2013
XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013. However, the legal blow dealt by the United States Securities and […]
Litecoin Price Analysis: 18 January
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Litecoin has performed quite well in December, and at the time of writing, it was trading at $140, which is a 100% increase in comparison to the $70 low it registered the previous month. […]
Binance Coin, Zcash, FTX TokenPrice Analysis: 18 January
As the price broke out due to a surge in the Bitcoin market, many altcoins mirrored its movement and posted gains. Major altcoin, Binance Coin [BNB] has already been providing good returns to the investors, but other crypto assets were unable to break out of the dull market. Binance Coin [BNB] The above chart indicated […]
Bitcoin SV, Maker, Dash Price Analysis: 18 January
Bitcoin SV showed weakly bearish momentum over the past few days, but that might be set to reverse shortly. Maker was in a phase of consolidation, and Dash showed some weak bearish pressure that could gradually push the price toward $116. Bitcoin SV [BSV] Bitcoin SV’s charts resembled Bitcoin’s own price action over the past […]
Are CBDCs considered to be ‘real money’?
As cryptocurrencies cement their position in investor’s portfolios, nations around the world are also showing great interest in digital currencies that are backed by fiat currencies. The idea of a Central Bank Digital Currency [CBDC] has surfaced from the need for secure and faster payments in comparison to physical cash. Currently, China has maintained its […]
Cardano Price Analysis: 18 January
Cardano’s price has surged by a massive 133% in the last 15 days and the rally shows signs of more upward movement. Trading at $0.378 ADA is ranked the sixth-largest cryptocurrency in the world in terms of market cap. The cryptocurrency has witnessed a reduced volatility phase leading to fairly stagnant price movement. Due to […]
Cardano, Synthetix, Dogecoin Price Analysis: 18 January
Cardano could lose the $0.36 support and head towards the next barrier if sellers take control. While Synthetix managed to cut losses at $14.63, and the bulls could help maintain the price above this level and Dogecoin traded within a thin channel and a breakout above the upper ceiling seemed unlikely. Cardano [ADA] After snapping […]
Russian crypto exchange Livecoin to shut shop after December hack
Russia-based, hacked crypto exchange Livecoin has decided to close its operations and has asked all its customers to begin withdrawing their funds according to a new announcement. Through a new domain called Livecoin.news, the firm now stated: There is no way to continue operative business in these conditions, so we take a hard decision to […]
Bitcoin Bull Run Pushes Grayscales AUM to Over $27 Billion
Grayscale CEO, Michael Sonnenshein has taken to Twitter to reveal that the firm raised a massive $700 million on January 15, 2021, a feat that has never been reached previously in a single day by the company. The asset management firm now has $27.1 billion in assets under management, from just an AUM of underRead More
Prominent Analyst Says Three Crypto Assets Will Follow Polkadot’s Raging Rally and Surpass XRP
Popular trader and crypto strategist Michaël van de Poppe is naming three crypto assets that he believes will follow Polkadot’s recent surge and overtake XRP. In a new video, the trader tells his 22,000 subscribers that he expects Bitcoin to continue consolidating before initiating the next leg up. “What is likely to happen at this […] The post Prominent Analyst Says Three Crypto Assets Will Follow Polkadot’s Raging Rally and Surpass XRP appeared first on The Daily Hodl.
Here’s why SUSHI priced at $7 might be undervalued
SushiSwap is a popular DEX in the DeFi ecosystem and the platform has come a long way and shows promise considering the on-going developments in the space, partnerships it has been a part of, etc. However, when comparing SushiSwap to Uniswap, it seems like a flippening is in the works and is inevitable. Volume SushiSwap’s […]
Will DEXs outdo centralized exchanges in 2021?
In 2020, quite a few radical shifts in trend took place in the cryptocurrency industry. While Bitcoin managed to witness another all-time high in December, Q1 of 2020 also saw Bitcoin drop down to the $4000 level. During that time, Bitmex faced an infamous DDoS attack, which led to a significant loss for a group […]
Polkadot, Cosmos, VeChain Price Analysis: 18 January
Polkadot’s bull run might come to an end, and a move above resistance at $18 could depend on a broader market rally. ATOM was also at its tipping point, and a pullback towards $8.12 support seemed likely. VET rose along with the broader market and eyed the upper ceiling at $0.031 Polkadot [DOT] Polkadot usurped […]