Will altcoins like XRP, Monero, Zcash see a comeback to pre-2018 levels?
Bitcoin’s dominance is currently at 64.8% in comparison to 2017 in which its dominance was over 68%. The current crypto market cap is well distributed among top altcoins and stablecoins. After the price rallies in the current market cycle, nearly 100% of crypto wallet addresses are profitable. However, the same doesn’t hold true for altcoins […]
Litecoin, Dash, FTX Token Price Analysis: 21 January
Litecoin was under short-term bearish pressure and was likely to head toward the $135 level of support over the next few hours. Dash was on the verge of losing $113 as a level of support as it saw a wave of selling pressure rise and FTX Token showed a dip in buying volume, even as […]
Battle for DeFi: Upcoming upgrade to help Kyber Network take on Uniswap
On-chain liquidity protocol, Kyber Network announced a host of improvements to its architecture primarily due to a proposed upgrade to Kyber 3.0, which will transition “Kyber from a single protocol into a hub of purpose-driven liquidity protocols.” According to a blog post, Kyber’s architecture change will be implemented in two phases dubbed Katana and Kaizen, […]
Germany: IOTA and Ethereum-Based Solution Used to Issue Coronavirus Digital Certificates
The German district of Altötting is piloting a digital proof of vaccination project using technology offered by a Cologne-based firm, UBIRCH, becoming the first in the country, news sources on Jan 21 reveals. UBIRCH‘s IOTA and Ethereum-based Solution Used in Altötting Beginning this week, the district allows people who have been vaccinated against the zoonoticRead More
Tron, Polkadot, VeChain Price Analysis: 21 January
Thanks to its overwhelming dominance and market share, Bitcoin’s performance on the charts is bound to affect the performance of the market’s altcoins. At press time, the king coin was trading at $34,811 with a trading volume of 40.5 billion. BTC’s insistence on consolidating below the $37,000-mark for most of the week pinched most of […]
Coinbase Bump Alert: US Exchange Announces Support for Crypto Asset on Custody Platform
A new Ethereum-based token is receiving a big boost from Coinbase. The top US exchange just announced that it is now supporting deposits and withdrawals of Rally (RLY). Coinbase is an investor in Rally, which is an incentivization platform designed to allow people to easily create their own branded cryptocurrency on the Ethereum blockchain. The […] The post Coinbase Bump Alert: US Exchange Announces Support for Crypto Asset on Custody Platform appeared first on The Daily Hodl.
Binance Coin Price Analysis: 21 January
Binance Coin like every other altcoin is undergoing a correction that has caused a drop of 14% in 48 hours. By the looks of it, this drop will continue, at least until Bitcoin stops crashing. However, Bitcoin whales are depositing their holdings on exchanges suggesting that the whales might not stop anytime soon. Hence, BNB […]
DeFi on Cardano will enable users to earn yield on staked ADA
Once Cardano’s Goguen era is launched, users will be able to earn additional yield on their ADA without having to unstake their funds. The post DeFi on Cardano will enable users to earn yield on staked ADA appeared first on CryptoSlate.
Where is Ethereum’s price rally headed?
Is Ethereum recovering from the correction post the new ATH or approaching a sell-off? This is a burning question for many retail traders as the bloodbath across the altcoin market continues. Ethereum was ranking #1 in terms of transaction volume, though the asset beat Bitcoin to it, the top driving factor was the social volume […]
More Tether (USDT) is Now Being Routed To Tron than Ethereum
There is a spike of USDT transactions in Tron, a dPoS network, based on data from Coin Metrics, a blockchain analytics firm, a CoinDesk report on Jan 21 shows. USDT Transaction Count Explodes at Tron Data reveals that there was a considerable spike in Tron’s USDT transactions in the last three weeks. The surge meansRead More
Tezos, BAT, Zcash Price Analysis: 21 January
After weeks of bullish movement, it would seem that Bitcoin is finally consolidating on the price charts. Interestingly, due to the high correlation most of the market’s altcoins share with the world’s largest cryptocurrency – BTC, altcoins such as Tezos, BAT, and Zcash mirrored its movement. However, these cryptos didn’t do so equally, especially since […]
Bitcoin and Ether Market Update January 21, 2021
Total crypto market cap erased $52.4 billion from its value for the period since Monday morning and now stands at $938 billion. The top ten coins are mostly in red for the last 24 hours with PolkaDot (DOT) and Cardano (ADA) registering an 8.9 and 1.4 percent increase respectively while Bitcoin Cash (BCH) lost 5.6Read More
XRP, EOS, IOTA Price Analysis: 21 January
XRP tested the $0.3 level of resistance repeatedly, and flipping this level of resistance to support would be a significant development for the bulls. EOS showed neutral short-term momentum as it traded above a level of support. IOTA climbed past $0.45 and targeted the $0.54 level of resistance. XRP XRP has made a series of […]
Cardano Price Analysis: 21 January
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The past week has seen Cardano trade between the $0.32 and $0.385 price range. Levels of importance within this range are highlighted and the short-term outlook for the coin appeared to take a turn […]
Crypto Trader Says Two Altcoins No One’s Talking About Are Set To Explode in 2021
Analyst and trader Tyler Swope has his eye on two altcoins that he believes could explode when they hit the market. Swope tells his 173,000 YouTube subscribers that a decentralized finance (DeFi) asset and a data privacy project are flying under the radar. The first project is Centrifuge and its Radical Token (RAD). Centrifuge is […] The post Crypto Trader Says Two Altcoins No One’s Talking About Are Set To Explode in 2021 appeared first on The Daily Hodl.
Ethereum, Monero, Dogecoin Price Analysis: 21 January
Ethereum reached its two-year highs at $1440 but was unable to push past. Climbing above $1450 would set $1625 as a target for bulls while falling beneath $1290 could see ETH revisit the $1150 support level. On the other hand, Monero showed bearish momentum and was trading just above a crucial level of support while […]
Ethereum Could Touch $10,500 After Crypto Rises to Record High: Fundstrat Global
Fundstrat Global Advisors strategist David Grider predicts that the price of ethereum could rally to $10,500 per unit after the cryptocurrency set a new all-time high on Tuesday. The estimate implies a near 700% upside on the current ether price hanging above the $1,300 range. According to Grider, ether (ETH) – the second largest digital […]
83% of cryptocurrencies that peaked in 2018 are still down by 90%
Data compiled by Messari indicates that the 157 crypto assets that posted record highs in 2018 are still bumbling along at prices more than 90% down from their ATHs. Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by th
Top Trader Says He’s Heavily Investing in New Crypto Asset – Here’s the Scoop on Akash Network
A popular crypto analyst and trader says he’s accumulating a new crypto asset in large numbers. The pseudonymous crypto strategist, known in the industry as Altcoin Psycho, explains to his 83,700 Twitter followers why he’s bullish on Akash Network (AKT). “I’ve got my new favorite altcoin. AKT – Akash Network 1) Live main net w/ […] The post Top Trader Says He’s Heavily Investing in New Crypto Asset – Here’s the Scoop on Akash Network appeared first on The Daily Hodl.
Cardano wants to incentivize running sidechains with inflation, says Hoskinson
Since the launch of Shelley in July 2020, implementing Goguen, the next era of the Cardano blockchain, has been the focus of the Cardano Foundation. However, the much-anticipated launch is still yet to be scheduled – something that may come down to the technical difficulties associated with executing it. The subject was touched upon by […]