XRP’s recent rally has taken a pause, leaving crypto investors scratching their heads wondering which way the altcoin will turn next. Will it fall deeper into the throes of the bear market, or will the asset finally repeat the performance that took it to over $3.50 per token? If a strength measuring tool is any…
Bitcoin has broken out from downtrend resistance and appears to be poised for a new uptrend. Market conditions change dramatically when a switch from bear to bull occurs, and a “buy the dip” strategy is often the most effective. For investors and traders unsure of how to do that, history shows that one specific level…
Matic Network (MATIC), a popular altcoin, has surged 9% in the past 24 hours. The asset’s strong price performance comes in spite of Bitcoin and Ethereum stagnating, giving altcoins the opportunity to break higher. While the ongoing move is nascent, analysts are optimistic about MATIC’s long-term price prospects. These analysts cite technical factors and the…
Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains. Tron price is gaining bullish momentum above the $0.0220 resistance against the US dollar. The price traded to a new weekly high at…
Chainlink (LINK) is ripping higher once again, despite a stagnation in the price of Bitcoin and other top cryptocurrencies. The altcoin is up 20% in the past 24 hours, surging as high as $18.40, a new all-time high price. LINK has since seen a slight retracement to $18 as there are some that are selling…
The dollar has been on a steady decline since the pandemic first struck. Weakness in the global reserve currency has allowed gold, Bitcoin, and other assets to shine. However, either a major rebound is beginning, or the dollar is about to experience another massive drop. The asset is clearly at a ‘do or die’ moment,…
Numeraire (NMR), the native token of Numerai – a blockchain-based hedge fund, rose exponentially over the last 24 hours. The NMRUSD exchange rate established a year-to-date high at $20.28 after rallying by close to 190 percent on Wednesday. The pair’s massive upside move came days after the announcement of Coinbase Pro–a US-regulated crypto firm– to…
Ethereum Classic Labs are exploring ways to protect the network and move forward following the 51% attack two weeks ago. Initial discussion on what to do are taking place today. Attendees include IOHK CEO Charles Hoskinson, as well as other stakeholders. Source: twitter.com Previously, Hoskinson said Ethereum Classic needs to innovate, to which the implementation…
A mad overnight rally in the Compound (COMP) market resulted in a vast correction this Thursday. The popular decentralized finance token plunged by more than 25 percent from its year-to-date high at $268.63. The massive intraday plunge appeared majorly because of profit-taking behavior among daytraders. The Compound chart on TradingView.com shows COMPUSD plunging 15% in…
Chainlink (LINK) rallied over 30% and it traded close to the $17.000 level against the US Dollar. It dethroned bitcoin cash and moved to the 5th spot in terms of the market cap. Chainlink token price is gaining momentum and it broke the $16.500 resistance against the US dollar. The market cap jumped sharply and…