Coins

Dogecoin, Polkadot Price Analysis

June 21st, 2021

The cryptocurrency market is like a sea of bloody waters after losses ensued during the weekend session. Stability has been ousted from the market, hinting at continued widespread retracements. Bitcoin is heading back to the support at $33,000 while Dogecoin (DOGE) and Polkadot (DOT) are the worst hit in the top ten. Dogecoin:- Dogecoin lost…

OpenSea to Permit NFT Creators to Decentralize their Metadata Using IPFS

June 18th, 2021

Decentralized Non-Fungible Token (NFT) marketplace, OpenSea has announced the boost to its provisions for its creators to store their NFT Metadata using the Interplanetary File System (IPFS) and Filecoin when creating on the platform. The blockchain and crypto ecosystem is agog with the obvious potentials of NFTs. These tokens, which largely represent one of the…

Bitdao Collects $230 Million in Private Capital From Investors

June 17th, 2021

As the decentralized finance movement proves it’s staying power and resilience, one of the world’s largest decentralized autonomous organizations, Bitdao, has concluded a private fundraising round to promote mass adoption of open finance. DAO to Allocate Capital Towards Improving Defi R&D, Funding, & Liquidity As decentralized finance (defi) slowly regains its footing following the May…

Ethereum Non-Exchange Whale Holdings Hit A 5-Year High, Michael Saylor Praises ETH

June 17th, 2021

For the last week and more, the world’s second-largest cryptocurrency Ethereum (ETH) has been trading under pressure with its price falling to hold above the $2500 support levels. However, ETH whales seem to be making the most of this price correction and have started accumulating in big numbers. As per the recent data from the…

Polkadot, Shiba Inu Price Analysis: June 17, 2021

June 17th, 2021

Several crypto assets extended the bullish action from June’s crucial support at $20 despite the sluggish price action in the market. Bitcoin stepped above $40,000 but failed to sustain the jump. Meanwhile, most crypto assets are in the red as the week’s trading enters its last mile. Polkadot:- The smart contract token, Polkadot (DOT), swung…

Bitcoin, Dogecoin Price Analysis: June 16, 2021

June 16th, 2021

The cryptocurrency market is back in red, with coins posting minor losses across the board. Bitcoin hit a barrier slightly above $41,000, curtailing the bid for gains toward $50,000. Meanwhile, Ethereum failed to break the hurdle at $2,650, settling for the short-term support at $2,500. On the other hand, Ripple is stuck in the range…

Why Ripple Price Holding Above $0.8 Fails To Excite Investors?

June 16th, 2021

Ripple dealt with massive bearish calls last week amid the drop from levels slightly above $1. Many analysts believed that the cross-border money transfer token headed for a significant dive to the support in May at $0.65 and perhaps extend the down leg to $0.5. However, XRP eagerly embraced support at $0.8, allowing bulls to…

After Debt Security and Cash, MicroStrategy set to Sell $1B in Stocks for BTC Purchase

June 15th, 2021

MicroStrategy, the Fortune 500 software giant, that is seen as the pioneer for Bitcoin adoption among institutions is taking things forward by a notch. The firm closed another $500 million security debt offering yesterday for which it received offers exceeding over a billion dollars. The firm plans to buy more Bitcoin on top of its…

Dogecoin, Uniswap Price Analysis

June 14th, 2021

Bitcoin has been able to sustain the uptrend from lows around $31,000 last week. The bellwether cryptocurrency had pulled the entire market into a dip, but the recovery toward the end of last week saw altcoins gasping for air. It is believed that the massive buy orders could be triggered in the cryptocurrency market as…

Indian Crypto Exchange WazirX Issues Statement on Financial Watchdog Notice

June 11th, 2021

Nischal Shetty, the CEO of top crypto Indian exchange WazirX took to Twitter to clarify the ongoing media reports about a show-cause notice in a $38M money-laundering investigation. Shetty said they are yet to receive any formal notice from the Indian financial watchdog, the Enforcement Directorate (ED).  He also claimed that Wazirx is in full…