Chainlink (Ticker: LINK) rebounded from its short-term corrective downtrend on Wednesday as its price surged 9 percent on a 24-hour timeframe. The LINKUSD exchange rate established an intraday high near $14.11 on Binance exchange, up 21.95 percent from its week-to-date low. The pair’s gains appeared despite a broader sell-off in the cryptocurrency market, wherein the…
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After peaking at $12,000 this weekend, Bitcoin dove off a cliff, plunging to $11,300 as of this article’s writing. The cryptocurrency followed the price of gold lower, which is down around 7% in the past 24 hours. Bitcoin is still holding above the pivotal $10,500 level but analysts say that the asset is in a…
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COMP, the native token of Ethereum-based lending platform Compound, blasted through the roof on increasing bids for decentralized finance (DeFi) assets. The latest wave of buying sentiment in the DeFi market followed the launch of Yam Finance. The so-called “yield farming” project surfaced with the promise of offering an elastic supply crypto-asset called YAM as…
DetailsThe leading crypto exchange and trading platform, OKEx has extended support to the popular DeFi platform, Aave by listing its LEND tokens. According to yesterday’s announcement, LEND spot trading against BTC, ETH and USDT went live on OKEx at 9:00 AM UTC, August 12, 2020 – a day after LEND deposits were allowed on the…
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Bitcoin struggled to clear the $12,000 resistance zone and corrected lower against the US Dollar. BTC’s daily chart suggests the price could extend its decline towards the $10,500 support. Bitcoin topped near the $12,080 level and it is currently correcting gains. The price is trading below the $11,500 support and approaching the next major support.…
DetailsSome of the best cryptocurrencies to prospect on are also some of the best values. What if we were to tell you three altcoins — currently priced in the low cents — are all potential sleepers? In the case of XRP (Ripple), XLM (Stellar), and ADA (Cardano), all three altcoins have unique growth potential…
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Ripple failed to clear the $0.3000 barrier and started a strong decline against the US Dollar. XRP price is down over 8% and it seems like the bears are aiming a test of the $0.2500 support. Ripple is declining and it is now trading well below the $0.3000 level against the US dollar. The price…
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It’s been a tough past few days for the crypto market. Bitcoin and Ethereum are both down by approximately 5% in the past 24 hours, plunging as gold and the U.S. equities market drop in a fashion not seen in many weeks. There are some cryptocurrencies that are holding strong, though. One of these is…
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Following Bitcoin’s big breakout weeks ago, its never been easier to make money across the crypto market. The same is being said by JP Morgan analysts about the stock market, based on one key strategy. Could the same strategy the investment firm advocates for stocks also work well in the cryptocurrency space? JP Morgan: It’s…
DetailsBitcoin has become a popular investment vehicle amongst retail and institutional investors, but it is also becoming a reserve asset for some companies. Per an announcement from earlier today, a Nasdaq-listed business intelligence company is now turning to the benchmark cryptocurrency to store their capital reserves, calling it an asset that can be “superior to…
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