The price of Dogecoin has been rallying in tandem with the bullish news of Elon Musk purchasing Twitter. It continues to maintain such high values even in a bear market due to the expectations that Musk, who has publicly expressed support for the meme coin in the past, would incorporate the crypto into the social…
LINK rallies with high volume as the price breaks above its range channel of $8 after a while as bulls eyes $12. LINK’s price continues to trend higher with strong volume as the market looks promising for many altcoins. LINK’s price remains strong on the daily timeframes as the price trades above the 50 Exponential…
Algorand, the pure proof-of-stake protocol continues to keep gains from seven days prior. The blockchain’s native token ALGO has retained over 21% of profits, joining top performers like Doge and BNB. In the past several weeks, the price of Algorand has been making a positive recovery. This coincides with a general resurgence in the value…
Bitcoin has today broken past $21k in a sharp surge as on-chain data suggests signs of accumulation from the investors. Bitcoin UTXO Value Bands Show Multiple Groups Have Been Buying Recently As pointed out by an analyst in a CryptoQuant post, the value bands who took profit around ten days ago are now accumulating again.…
BNB rallies with high volume as price breaks above $335 after a while as bulls eyes $450. BNB’s price continues to trend higher with strong volume as the market looks promising for many altcoins, including BNB. BNB’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving…
The debate of which is the better investment between Bitcoin and Ethereum continues to wax strong between communities. This time around, it is being put to the test using MicroStrategy’s crypto investments over the years. Microstrategy is currently seeing a loss on the 130,000 BTC that it had purchased over the years, making it the…
On-chain data shows Bitcoin funding rates have turned positive, suggesting there have been some fresh long openings on derivative exchanges. Bitcoin Funding Rate Turns Green After Derivative Exchange Inflows Spike Up As pointed out by an analyst in a CryptoQuant post, the new long positions can drive the price up in the short term. There…
Traders and investors in SushiSwap face a unique conundrum as optimistic and bearish signals battle for control of the market. The recent inclusion of SushiSwap on Boba Network may account for the increased number of whale sightings on the site. Even while this points to a strengthening bullish market for SushiSwap, the TVL numbers act…
The Bitcoin price is regaining bullish momentum over today’s trading session, retracing the losses seen early in the week. Once again, the cryptocurrency is under the influence of macroeconomic forces working in its favor for the first time in months. At the time of writing, the Bitcoin price trades at $21,000 with a 4% profit…
Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. Cardano trending to the downside. Source: TradingView However, IOG CEO Charles Hoskinson might have given ADA…
