Tezos has faced a massive influx of selling pressure today that has sent it reeling lower, making it one of the worst-performing major altcoins at the moment. This weakness has come about as the aggregated market shows some signs of being in a precarious position, with Ethereum plunging towards $400 overnight while most other altcoins…
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Bitcoin has been caught in the throes of an intense bout of sideways trading for the past few weeks, with attempts to break above or below the upper-$11,000 region proving to be highly fleeting. Earlier this week, the benchmark cryptocurrency rallied as high as $12,400 before it lost its momentum, with its price subsequently plunging…
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Yearn.finance (YFI) has embarked on a parabolic run-up over the past few days. The Ethereum-based asset traded at $4,200 one week ago, and yesterday, it reached $16,500. This is a gain of almost 300% in around seven days. The asset is beginning to reverse, though. YFI is down 20% in the past 24 hours as…
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Chainlink has expressed some signs of overt weakness throughout the past few hours, with its price reeling down towards its bedrock support at $14.00. This sharp downturn has come about as the entire crypto market shows some signs of weakness, which may be, in part, rooted in Ethereum’s plunge towards $400. ETH’s price action has…
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Not content to rest on its laurels, Cardano continues to enhance network infrastructure by improving its native Daedalus wallet. Daedalus Flight is a test wallet where volunteer users can assess changes within a live environment using real ADA transactions. “Daedalus Flight is a new ‘pre-release’ version of the Daedalus wallet. Specially created for ada holders…
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Since the highs that were seen in July, Cardano (ADA) has seen a strong retracement against Bitcoin. The altcoin has collapsed by dozens of percent against the leading cryptocurrency, crushed despite a rally in many other crypto assets. Cardano may soon be able to outpace Bitcoin, though, according to a popular technical indicator that predicts…
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OMG Network’s native token OMISEGO (OMG) logged a milestone price rally in the running week. The 25th largest cryptocurrency surged by up to 252 percent in the days leading to its integration into the world’s leading stablecoin project, Tether. As of Friday, the OMG/USD exchange rate had established a year-to-date high at $9.86 before correcting…
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Ethereum spiked below the $400 support before recovering higher against the US Dollar. ETH price must surpass the $420 resistance and the 100 hourly SMA to start a fresh increase. Ethereum is currently holding the $405 and $400 support levels. The price is facing a major barrier near the $420 level and the 100 hourly…
DetailsWhile the global economy struggles with the fallout of Covid-19, financial markets are showing signs of recovery and this means there are opportunities for investors. So, for those with an optimistic outlook, we are taking a look at what is driving the S&P 500, NIO and XRP. S&P 500 The S&P 500, the index tracking…
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Ripple is holding a couple of important supports near $0.2800 against the US Dollar. XRP price is currently testing a crucial resistance near $0.2980, above which it could rally significantly. Ripple is trading above the $0.2800 and $0.2850 support levels against the US dollar. The price is showing positive signs, but it is facing a…
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