BitTorrent turned alarmingly overvalued on Monday as its price popped higher by as much as 164 percent quarter-to-date. The BTT/USD exchange rate surged to $0.013, its highest level on record, after rallying seven days in a row. Every sell-off attempt met with an equally aggressive accumulation, prompting more and more traders to buy the Justin…
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New tokens and assets launch daily in the cryptocurrency space. Culling the wheat from the chaff can be difficult, as every new listing is a potential unicorn. Jigstack’s STAK token has potential as it provides passive revenue streams to all token holders. Exploring The Jigstack Ecosystem Whenever a new token launches, it is essential to…
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Ripple started a fresh rally above the $0.6000 resistance zone against the US Dollar. XRP price even broke $0.7000 and it seems like there are high chances of more upsides. Ripple gained strength after it broke the $0.5500 and $0.6000 resistance levels against the US dollar. The price is now trading nicely above $0.6500 and…
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Ethereum traded to a new all-time high at $2,140 before correcting lower against the US Dollar. ETH price is now holding gains above the $2,000 support zone. Ethereum is showing a lot of positive signs above the $2,000 support zone. The price is now well above the $2,000 support and the 100 hourly simple moving…
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Bitcoin price is currently facing resistance near $58,250 and $58,500 against the US Dollar. BTC could dip in the short-term, but the bulls are likely to remain active near $57,000. Bitcoin recovered above $57,500, but it is facing resistance near $58,250. The price is still trading well below $58,500 and the 100 hourly simple moving…
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Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout. Analyst Ali Martinez has shared data from Glassnode to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric…
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Via his Twitter handle, the CEO of subscription-based retail platform Shopify Tobi Lutke revealed that he has started “dabbling” with Ethereum. Specifically, Lutke stated that he has explored the decentralized finance sector and smart contracts on Ethereum for the purpose: Mainly to understand how ERC20 works better. Fascinating world. With approximately 500,000 active “stores”, 1…
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On a Reddit post, Stellar community has discussed the most recent developments on the possible issuance of a central bank digital currency (CBDC) by the European Union. According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year. Lagarde has had an unfavorable…
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Charles Hoskinson teases the Cardano community with more talk of birds, this time in a tweet featuring an image of an exotic bird pictured next to John Hancock. The text accompanying it read: “For some reason, I have this strong desire to tweet these two pictures. Must be the blending of my ornithological endeavors with…
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Bitcoin price is correcting gains from $60,000 against the US Dollar. BTC is likely to start a fresh increase as long as there is no close below $56,500 and $55,250. Bitcoin gained bullish momentum above $58,000, but it failed to settle above $60,000. The price is now trading above the $56,500 support and the 100…
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