Chainlink has the entire cryptocurrency standing at attention and taking note as the asset enters price discovery mode and sets new high after high. Along the way, the superstar altcoin has stolen the limelight from Bitcoin, dominating most top cryptocurrency exchanges in trading volume. Chainlink Goes Parabolic, Price Discovery Mode Sets New ATH Each Day…
DetailsEleven years on from the launch of Bitcoin, and crypto remains as taxing as ever for noobies. The sad thing is, without the intuitive UIs and smooth interoperability, it will continue to repel the masses. And that’s even before considering the challenges from its overly technical reputation, not least the scams that proliferate the space.…
Details
Bitcoin has been caught within an unrelenting trading range since the start of May. This range has primarily been established between $9,000 and $10,000, although the crypto has broken through both of these levels on a few brief occasions. Because bouts of volatility this low are typically followed by massive movements, it does appear that…
Details
Ethereum entered a consolidation period over the past week that has led to the formation of a descending triangle on its 4-hour chart. A horizontal trendline developed along with the swing lows while a descending trendline formed along with the swing highs. The continuation pattern estimates that a spike in demand for Ether that allows…
Details
Matic Network, the Layer 2 scaling solution for Ethereum, revealed the results of their Counter Stake testnet stress testing. Over an uninterrupted two month period, the team claims the network achieved speeds of up to 7,200 transactions per second (TPS). What’s more, this occurred under decentralized conditions. “During stress testing, 122 validators were active and…
Details
Chainlink’s native token LINK slipped about 10 percent a day after establishing its all-time high at $8.53. The downside correction, nevertheless, failed to dismiss the prevailing bullish sentiment as LINK rose by more than 10 percent in the last 24 hours. Santiment’s latest research shows that the token may continue its uptrend based on favorable…
Details
A dollar invested in KNC crypto token at the beginning of 2020 is now worth $6. The supersonic price rally appeared amid an escalating craze around decentralized finance projects. KNC, a DeFi crypto itself, powers Kyber, one of the most active decentralized exchanges by volume. Meanwhile, the token is also at the center of a…
DetailsIt was an interesting week for the cryptoasset markets, where we saw some price movements after a few weeks with not a lot of action. Whilst traditional equity markets also saw moderate growth, namely the S&P 500 rising from 3,155 to 3,188 by the end of the week, a number of cryptoassets took off. Interestingly,…
Details
Bitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent price action is signaling a potential “distribution” pattern: “A couple more clues developing that lend themselves to HTF distribution. 1. Rising Demand on the…
Details
Ethereum is stuck in a range below the $242 and $245 resistance levels against the US Dollar. ETH may soon either rally above the $245 resistance or decline sharply below the $235 support. Ethereum is currently consolidating in a range above the $235 support zone. The price is facing a couple of important hurdles near…
Details
