Litecoin (LTC) has surged 42 percent in a three-week winning streak. But the rally showed signs of exhaustion upon testing a “huge falling resistance” for a breakout. LTC printed a so-called “bearish engulfing candle,” which, according to financial analyst Vince Prince, spells downside risks for the cryptocurrency. Litecoin is at risk of breaking lower after…
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Participants of the Cardano Incentivized Testnet (ITN) were expecting to receive reward payouts on August 3. A Shelley rollout plan had scheduled the payout days after the Shelley hard fork, on July 29th. While the Shelley mainnet launched without a fuss, the ITN rewards date came and went with no sign of a payout. Source:…
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XRP has been one of the best performing cryptocurrencies of the past two weeks. According to market data from Coin Market Cap, the altcoin has gained literally 50% in that time frame. Analysts still expect the altcoin to move higher in the days and weeks ahead. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can…
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LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in…
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Ethereum has seen an explosive price performance over the past three weeks. In the span of just around 20 days, the asset has surged from $245 to a local high of $415. As of the time of this article’s writing, the leading cryptocurrency trades hands for $394 — just shy of the pivotal $400 resistance.…
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The crypto market is one of the best-performing markets in 2020. Year to date, the market capitalization of all digital assets is up by approximately 80%. Bitcoin alone is up 65%. According to Goldman Sachs’ new head of digital assets, Mathew McDermott, the rally is materializing in a resurgence in institutional interest in crypto. He…
DetailsStimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued. Exactly how much would $1,200 invested in Ethereum have earned savvy investors,…
DetailsThe composition of Bitcoin’s investor base is rapidly shifting, with smaller investors garnering greater dominance over the total circulating BTC supply. This comes as the dominance of so-called crypto whales sees a sharp decline, signaling that the market is currently seeing inflows of smaller retail investors. This shift comes as more investors start turning to…
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XRP has found itself caught within a consolidation phase throughout the past few days as it trades just above $0.30. The cryptocurrency has been unable to surmount the heavy resistance it faces between $0.31 and $0.32, and it appears to be once again forming a strong correlation to Bitcoin and the aggregated cryptocurrency market. That…
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Chainlink (LINK) has been in a strong uptrend once again after a drop into the end of July. Just minutes ago, the asset crossed over the pivotal $10 resistance level for the first time in its history. This comes as Bitcoin and Ethereum have stagnated at their multi-day highs, retracing slightly. As of the time…
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