Bitcoin kick-started the week by popping above $12,000 as the dollar dropped as the Asian market opened. This sudden rally reflects the cryptocurrency’s fresh appeal as a safe haven asset. Bitcoin has caught bids alongside gold in recent weeks as the greenback has sunk in a record-breaking losing streak. Within the cryptocurrency market however, Bitcoin…
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SXP, the native token of Swipe, a crypto-focused payment network, debit card, and mobile wallet service, jumped 25 percent in the last 24 hours. The gains followed a string of uplifting market news. Traders expressed their bullish convictions over Swipe’s new whitepaper launch, as well as the start of several new products. Their upside sentiment…
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Compound (COMP) has been embroiled in a strong uptrend over the past day as decentralized finance continues to gain steam. According to Coin Market Cap data, the cryptocurrency has gained 15% against the U.S. dollar in the past 24 hours. For context, both Bitcoin and Ethereum have both gained approximately 2.5% over that same time…
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Bitcoin bounced back sharply after testing the $11,500 support zone against the US Dollar. BTC is likely to accelerate higher above $12,000 as long as it is above the 100 hourly SMA. Bitcoin is trading well above the $11,800 and $11,500 support levels. The price is facing a couple of hurdles near the $12,000 and…
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Ripple is forming a strong support base above the $0.2800 level against the US Dollar. XRP price is showing positive signs and it seems like it could rally above the $0.3100 and $0.3200 levels. Ripple is rising again after forming a major support base above $0.2800 against the US dollar. The price is currently trading…
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Tezos (XTZ) has been one of the best-performing cryptocurrencies of the past few days. The cryptocurrency surged approximately 15% this weekend once it cracked the pivotal $3.40 resistance. XTZ now trades for $3.75 — up 7% in the past 24 hours. This is a performance better than that of Bitcoin and Ethereum, which are both…
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Bitcoin price is on fire again, after spending three full months trading sideways. After busting through resistance at $10,000 and out of its downtrend, the asset quickly rocketed to over $12,000. Still, one economist says that this is just the “super early days” of Bitcoin’s next uptrend. And the monthly crypto chart shows that this…
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While Bitcoin and Ethereum have stalled over the past 24 hours, Matic Network (MATIC) has broken out. The prominent altcoin, currently the 96th largest by market capitalization, is up 15% in the past 24 hours alone. This means the asset is outpacing BTC by 13.9% and ETH by 13.7%. Analysts expect more upside for the…
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BAND – the token associated with Band Protocol’s decentralized oracle network – has been one of the best performing digital assets in recent weeks, surging by 32x since the start of the year. A good portion of these gains have come about over the past few days, with the token’s uptrend turning parabolic after news…
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Despite stagnation in the value of ETH, demand for Ethereum transactions continues to increase day after day. This is largely due to the growth seen in what is known as decentralized finance — or “DeFi.” Coins and protocols pertaining to this space are largely based on Ethereum, meaning that the network has racked up countless…
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