1. Bitcoin's purpose
With all of the new developments in the crypto space over the recent past, including things like decentralized finance (DeFi) protocols and non-fungible tokens (NFTs), the picture can get cloudy on what exactly Bitcoin's actual purpose really is. Ethereum has become the top destination for these new use cases, and as a result, it is dubbed...
Billionaire Elon Musk is one of the most vocal supporters of Dogecoin. Using his platform and notoriety, Musk had been one of the major factors behind the run-up to $0.70 for DOGE in early 2021 before it began to decline. Nevertheless, the billionaire has not faltered in his support for Dogecoin and continues to be very open about his position on it. Recently, the...
Ethereum (ETH), the largest altcoin in terms of market cap, was one of the cryptos that got hit the hardest by the latest bear market.
This is evident when looking at Ethereum’s chart. At the moment, ETH’s price is closer to a bottom than a new high. This might be an opportunity in disguise as investors could utilize this as a chance to profit on ETH in the...
All manner of green bitcoin mining projects are being initiated in a bid to reduce the number one cryptocurrency’s energy consumption. However, the current crypto bear market also appears to be helping greatly in this respect.
The current crypto bear market may have drastically reduced the portfolio holdings of those invested in the sector, but at the same time...
The Cardano price analysis is displaying bullish progress today. After yesterday’s sluggish bullish price movement, bulls got some momentum today as the price break-out was upwards, and bulls uplifted the price significantly to $0.519 in a swift move. Overall market sentiment is in favor of ADA/USD today, and a further increase in price is also expected if the...
Over the last day, ETH whales purchased over 150 billion SHIB.
Another positive for SHIB is that nearly 62 billion SHIB tokens were burned over the last day and moved to a dead address. This means that these tokens have been removed from the circulating supply which could lead to an appreciation in the value of SHIB.
According to Shibburn, the burning of these...
BTCUSD = The summer rebound that will mark the definitive end by December 2022 of the coin Created for illicit trafficking from the sick Old World of the Deep State ... everything is in the hands of the White Hats, for a new period and a new age of gold , that will control the financial system and inflation through real safe haven assets, GOLD and SILVER , there...
Price is back within triangular pattern with resistance holding between 1150 critical and prior low (dashed).
Another bearish breakout could send us down to the aforementioned 750 range, while a hold may set us up for first signs of proper recovery.
We can note that upper long-term trendline will eventually intersect upper pattern trendline which should provide...
The buyers that used the 20K supportive region to buy got liquidated, subconsciously they will now use this previous support as resistance.
I think the market will take advantage of this thought process to liquidate buyers who turned sellers all over again.
We have created a minor head and shoulders pattern, when we break out of this and lure more sellers into...
The week has been so rough with bitcoin going at a bottom of $17000 followed altcoins and Ethereum also respected bitcoins massive move
and had a bottom at 880..The bulls quickly came into action and are trying to push the overall market upward...
2017 has nearly repeated itself should we see bitcoin at $10,000 price range.
With this being said, ETH formed a...
A model that estimates how much Bitcoin's market cap moves per dollar invested. The metric indicates that the price is entering a zone that has always been great for buying bitcoin in the long term.
After briefly looking over BTC, We're obviously in a Bearish Market. And trying to locate some type of bottom to end this off, I've found an area of anywhere between 19k-20k. I've highlighted many areas throughout the charts to show where exactly these were. But If price acts as support here we could possibly take the price back to anywhere between 27.5k-30K. And...
Bitcoin Monthly is about to close below support trendline which means, it will fall towards one of these support zones.
Only time will tell, which one of these will be able to hold the falling knife and start another bull run.
Let me know in the comments what do you think about this idea.
According to LunarCrush, Solana has consistently clocked about 200 million social engagements per day this week. The cryptocurrency is one of the few to be trading in the green on the week. With SOL/USD currently changing hands around $31.50, it stands to gain just over 3.0% on the week and is near the middle of this week’s approximate $26-36ish range.
However,...
Litecoin was trading at $50.510 by 22:02 (02:02 GMT) on the Investing.com Index on Thursday, up 10.36% on the day. It was the largest one-day percentage gain since February 28.
The move upwards pushed Litecoin's market cap up to $3.570B, or 0.37% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.
Litecoin had traded in a...
The Cardano price analysis suggests a strong bullish trend for today as the price has improved significantly in the last 24 hours as the bulls are continuing to rule the market. The price is currently trading at $0.5061 and the price has increased by 9.52 percent. The bulls are trying to push the prices higher but are struggling to break through the resistance....
Over 131.34 Million Shiba Inu (SHIB) burnt within the Past 24 Hours and 1.04 Billion in the Past 7 Days. 1,055 Bone ShibaSwap (BONE) has also been destroyed by one of the Community-led Burning Projects.
Despite these positive developments, Shiba Inu was unable to retain its critical support level located at $0.00000908 on the 4-hours chart and dipped towards the...
Bitcoin Cash has been subjected to heavy sell-offs in the last six weeks post an up-channel (yellow) breakdown on 30 April. The price has been hovering near the lower band of the Bollinger Bands (BB) for the most part ever since.
A convincing close below the two-month trendline support (yellow, dashed) would open doorways for an extended retracement. Any close...
