We are currently in the age of DeFi with blockchain technology driving innovation at a rapid pace. These new developments are limited to certain sectors and accessible by a portion of the population due to its exclusive nature. However, the true potential of DeFi lies in its capability of providing financial services to all in…
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Ripple is trading in a contracting range above $0.6000 against the US Dollar. XRP price is setting up for a major break either above $0.6200 or below $0.5800. Ripple is showing a few positive signs above $0.6000 and $0.5800 against the US dollar. The price is stuck above $0.6000 and the 100 simple moving average…
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Markets enjoyed another buoyant week as newsflow around vaccines was positive, with the S&P finishing the week on 3,693. In the UK, the Medicines and Healthcare Regulatory Agency (MHRA) approved the BioNTech/Pfizer vaccine, with rollout set to start this week. The FTSE All Share rose from 3,542 on Tuesday morning to finish the week at…
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Ethereum is trading in a range below the $600 and $602 resistance levels against the US Dollar. ETH price could start a strong surge if there is a successful close above $600. Ethereum is facing a strong resistance near the $600 and $602 levels. The price is consolidating above the $585 support and below the…
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Bitcoin price is still trading in a broad range below the $19,500 resistance against the US Dollar. BTC must gain strength above $19,500 to start a fresh rally in the near term. Bitcoin is facing a strong resistance near the $19,500 and $19,580 levels. The price is currently trading above the $19,000 support and the…
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Yearn.finance’s native token, YFI, has been on a tear over the past few weeks. Ever since bottoming in October, the cryptocurrency has been in a steep ascent marked by strong fundamental and on-chain trends. First and foremost, the cryptocurrency is being accumulated by top funds in the crypto-asset space. Polychain Capital, for instance, owns nearly…
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Bitcoin price is consolidating just below $20,000. As the last confrontation with $10,000 has shown, consolidation below resistance is typically a bullish event. However, with such strong resistance above, the uncertainty surrounding the pandemic, the coming vaccine, and the change of power happening in the United States, there’s a recipe for rejection as well. And…
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Chainlink’s price is sliding lower today as the entire crypto market shows some signs of weakness. Its ongoing descent comes as BTC breaks below $19,000 and as other cryptocurrencies like ETH also turn lower. So far, the decline seen by LINK has been tempered, but it is rapidly approaching a crucial support level that has…
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Bitcoin has set a new all-time high in 2020, and could potentially be close to breaking above $20,000 for the first time in its history. Along the way, since the creation of the first-ever cryptocurrency, the United States dollar has lost more than 99% of its value against BTC. It is a scenario that is…
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XRP has seen some wild price action over the past few days and weeks, with investors sending the previously embattled token rocketing by over 300% following its break above the long-held trading range between $0.20 and $0.30. The selling pressure in the mid-$0.60 region has proven to be quite intense in the past and may…
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