Bitcoin’s potential as an emerging safe-haven alternative to gold raised its demand among institutional players in 2020. But a prominent economist is still skeptical about the cryptocurrency’s growth. David Rosenberg, the chief strategist at Toronto-based Rosenberg Research & Associates, said in an interview with Bloomberg that Bitcoin is a “massive bubble.” He criticized the flagship…
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The term FinTech – short for financial technology is relatively new, popularized by over a decade-old cryptocurrency revolution. The latest development in the blockchain-backed FinTech industry is decentralized finance (DeFi). What makes DeFi special is its potential to provide alternatives to many traditional financial products and services at a fraction of the cost while reducing…
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Ripple’s native token XRP is looking bullish again. Psychology The fourth-largest cryptocurrency by market capitalization was among the best performers Thursday as its price swelled by almost 24 percent in the previous 24 hours. The XRP/USD exchange rate established a new weekly high at $0.585, its gains driven alongside a general upside narrative across the…
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There’s no doubt that DeFi is on a roll in the crypto domain. And it’s all thanks to smart contracts. They extended the crypto usability, and now we can make various transactions without third parties involved. It was about time. Let’s be real here, nobody likes to collaborate with banks today. Their services are way…
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Ripple trimmed its losses after bitcoin’s rally against the US Dollar. XRP price gained 30% and it is now trading well above the $0.5500 resistance level. Ripple started a strong increase from the $0.4350 support zone against the US dollar. The price is now trading well above $0.5200 and the 100 simple moving average (4-hours).…
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Yield farming was the defi craze of summer 2020, taking the nascent industry by storm and ushering in new ways to distribute tokens, engage communities, and strengthen network effects. After peaking in October, when yield farms helped send Ethereum network fees to record highs, the yield farming craze abated slightly due to saturation and diminished…
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Ethereum started a strong surge above $600 and $620 against the US Dollar. ETH price tested the $650 resistance zone and it is currently correcting gains. Ethereum gained bullish momentum after it broke the $600 resistance level. The price is up more than 10% and it is now well above the 100 hourly simple moving…
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Bitcoin price is up over 12% and it broke many hurdles near $20,000 and $22,000 against the US Dollar. BTC is showing strong bullish signs and it could continue to rise in the near term. Bitcoin started a strong surge after it cleared the $19,800 and $20,000 resistance levels. The price is currently well above…
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Bitcoin today blasted above $20,000, but one new naysayer warns that this is now almost double the asset’s fair market value and that the maximum value the cryptocurrency network could reach is only $74,000 long-term. The estimate is substantially lower than what specifically designed Bitcoin valuation models predict, but this is now the second time…
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Bitcoin today smashed above $20,000 and recaptured mainstream media headlines everywhere. FOMO is now full steam, and there’s no telling where the cryptocurrency might stop – unless a fractal forming plays out exactly as it has in past instances of the repeating pattern. Bulls need to fear not, however, as the same fractal suggests that…
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