While Bitcoin and Ethereum have stagnated over recent days, multiple altcoins are pressing higher and higher. Zcash, for instance, has gained dozens of percent in the past week alone as its technical and fundamental case strengthens. The coin of the day, though, seems to be Balancer (BAL). The Ethereum-based altcoin, which is a governance token…
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XRP investors are eager to see their altcoin of choice get back a lot closer to all-time high valuations. The crypto market underperformer recently regained its number three rank thanks to an over 45% one-week rally. However, things have since cooled down. Why is momentum currently waning, and what does this mean for an extended…
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The crypto market is booming again, with each passing day a new token is doing another ’10x’ and making early investors rich. The latest coins in the limelight, all happen to be Binance IEOs: Kava (KAVA), Elrond (ERD), and Band Protocol (BAND). Why are Binance IEOs suddenly outperforming the rest of the market? Also, will…
DetailsChainlink has been flashing signs of immense strength throughout the past few days, with the cryptocurrency currently consolidating around its all-time highs. Despite being unable to break into the double-digit price region, the strong market structure established as a result of its recent push higher is likely to allow for further upside in the near-term.…
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The Ethereum Foundation recently launched the Medalla testnet. This is set to be the final testnet before Ethereum 2.0 goes live into mainnet by the end of the year. The goal is to test key features in a real working environment to examine its scalability and efficiency. The news seems to have brought a lot…
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The dollar is in sharp decline, and it has allowed other currencies to gain the upper hand. It has also let Bitcoin, gold, altcoins, and other hard assets shine. But will a coming dead cat bounce in the dollar devastate recent crypto market returns and cause a temporary pullback? Or is this the start of…
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The amount of Bitcoin tokens held across all cryptocurrency exchanges dropped dramatically earlier this week. Traders withdrew over 110,000 BTC on August 3 – a day after the BTC/USD rate plunged from $12,000 to as low as $10,500. On-chain analyst Cole Garner theorized the outflow as a sign of whales buying the Sunday sell-off. A…
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DeFi token KAVA has caught investors’ attention following its 170 percent rally in the third quarter. Luke Martin, a cryptocurrency analyst, listed two reasons why KAVA/USD should continue its bullish momentum in the coming sessions. One of them is its potential listing on US-based crypto trading platform Coinbase Pro. KAVA is trading 170 percent higher…
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Bitcoin is currently growing incredibly strong from a technical and fundamental perspective. One indicator of the digital asset’s fundamental strength is the massive exchange outflows seen throughout the past several weeks. The trend has been picking up steam as of late, and just a couple of days ago, the balance of BTC within exchange wallets…
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Last week, all eyes were on Bitcoin: the leading cryptocurrency had just cracked past $10,500 for the first time since February and had entered a steep uptrend. But over the past few days, BTC has stagnated. This lack of volatility has made some focus back on altcoins, hence why coins like Band and Zcash are…
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