The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.Ethereum has set a new record against…
Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 for hopes of a fresh increase.Ethereum is correcting lower and trading near the $235 support zone.The price is now trading below the $242 pivot level and the 100 hourly simple…
Ripple traded to a new monthly high at $0.2118 against the US Dollar. XRP price is currently correcting lower, but dips remain well supported near $0.1980 and the 100 hourly SMA.Ripple started a downside correction after trading as high as $0.2118 against the US dollar.The price is currently testing the $0.2000 support and it is…
Bitcoin started a downside correction after it was rejected near $9,500 against the US Dollar. BTC is now trading near the main $9,200 support and it could either start a fresh increase or dive to $9,000.Bitcoin is correcting lower and approaching the $9,200 and $9,180 support levels.The price is currently trading below the $9,280 pivot…
Bitcoin price is once again flirting with resistance above $10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high.Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new lower low. It could also…
After expressing some signs of strength throughout the early part of the week, Bitcoin has now faced a grim rejection that sent its price reeling down to a crucial support level.Following an extended bout of trading between $9,000 and $9,300, the benchmark cryptocurrency was able to break out of this trading range this week, subsequently…
Chainlink’s LINK token is amid a “full-blown parabolic advance,” according to forex analyst Cole Garner.The on-chain data investigator mentioned a string of technical and fundamental indicators that hint further gains for the altcoin.The analogy appeared as LINK climbed to its lifetime high against Bitcoin on Wednesday.LINK, an altcoin powering the Chainlink’s decentralized oracle network, is…
Calling Chainlink’s (LINK) recent price performance impressive would almost be an understatement.The cryptocurrency has been on a tear over the past three days. After printing a topping pattern near $4.70, the altcoin rocketed higher by around 50%, reaching a high of $6.60 on Wednesday.Despite the pullback to $6.30, LINK is still up by over 300%…
It isn’t only Cardano, Chainlink, and DeFi coins that are rallying at the moment. VeChain (VET), one of the hottest crypto properties of the last bubble, is up 20% in the past hour alone.Stepping back slightly, the asset’s performance is even more impressive. As depicted in the chart below, VET is up by more than…
Chainlink (LINK) is once again entering another parabolic uptrend, with this one coming about in tandem with the surge seen across the aggregated crypto market.The cryptocurrency’s intense uptrend has allowed it to set fresh all-time highs and comes as many other tokens also flash signs of strength.LINK now appears to be entering what analysts are…