Cardano Social Volume Witnesses Surge As Shelley Mainnet Is Underway

June 2nd, 2020

Altcoin, Cardano [ADA] seems to be witnessing an array of advances as the social volume of the network and the price of the coin were seen surging. The coin was trading at $0.08022 with a 24-hour price change of 3.04%, at the time of writing. Cardano [ADA] Price Improves, All Thanks To The Shelley Mainnet!…

“OMG Is Not Ethereum Killer” Vitalik On Tether’s [USDT] Migration To OMG Network

June 1st, 2020

Hong Kong-based cryptocurrency trading platform, Bitfinex revealed that stablecoin Tether [USDT] has been integrated into the OMG Network. Tether Finds Shelter at OMG Network Bitfinex’s latest move was put into action in order to diminish confirmation times while making sure that users engage in faster payments with more economical transaction costs. The platform assures all…

Bitcoin Price Analysis: BTC/USD Balances Above $9,500 As Analyst Predicts Rally To $100,000

June 1st, 2020

Bitcoin price is slightly in the green after adjusting from the short term support at $9,400. On the upside, BTC/USD was rejected at $9,700 during the weekend session. The price is currently above $9,500 but buyers have eyes on the first key hurdle at $9,700 and later the grand prize of trading above the coveted…

Coinbase Effect Hits Again As Maker Soars Over 50% In A Day

May 30th, 2020

Maker (MKR) became the latest cryptocurrency to soar on a Coinbase announcement after soaring over 500% in the past 24 hours, crossing the psychological resistance at $500. The Coinbase effect*, a phenomenon coined back in the 2017 bull market, is returning to the market giving an alt-season feel. However, tokens that have experienced the “Coinbase…

Tezos Chart Analysis: XRZ/USD Focused On Breaking Range Resistance As $3.0 Draws Nigh

May 29th, 2020

Tezos targets the range resistance at $3.00 after bouncing upwards from $2.50. Tezos could follow Bitcoin’s surge to $10,000 in order to bring down resistances at $3.00 and $3.50. Tezos is among the best-performing cryptocurrencies in the market on Friday. However, it still trails Cardano (ADA) with its over 17% growth in the last 24…

Ethereum Price Analysis: Can This Moving Average Hold After ETH/USD Bounce From $210?

May 28th, 2020

ETH/USD hit a snag short of $210 after extending gains from $200 on Wednesday. ETH/USD could easily fall into the hands of the bears if the 100 SMA support is broken. Ethereum is trying hard to hold above the 100 Simple Moving Average ($204.24) support after retreating from intraday highs around $209. From Monday this…

Tether Founder Shares How Goldman Sachs Shrugged off USDT Back in 2015

May 28th, 2020

Tether founder, Craig Sellars, shares an interesting story of a billion-dollar opportunity missed by Goldman Sachs. In the aftermath of the Goldman Sachs report on Bitcoin and Gold, Crypto Twitter goes gaga over what was intended to be criticism. Leading Bitcoiners slammed their view and the general consensus was that the multi-national bank was attempting to mislead….

TD Ameritrade Backed Exchange Introduces OTC Crypto Spot And Futures Platform

May 27th, 2020

TD Ameritrade backed crypto exchange, ErisX announced the launch of big blocks trading (over the counter, OTC) in its markets. The move is set to increase private transactions of big game traders on the platform on a large variety of crypto spot and future pairs. In a press release on Tuesday, ErisX released the plans…

Is Ethereum Undervalued? Analyst Warns Against Misleading On-Chain Metrics

May 27th, 2020

Ethereum [ETH] adoption via stablecoin and DeFi has been driving the bullish sentiments. Moreover, the on-chain is also in an uptrend which further strengthens its fundamental value. However, analyst and founding partner at Primitive Crypto, Dovey Wan, points out that in reality the demand could be inflated.  Ironically enough, a lot of the inflated on-chain…

S&P 500 Moves Above $3000 Defying Naysayers, Bitcoin and Altcoins to Follow?

May 26th, 2020

The S&P 500 index moves above $3000 in less than three months from the COVID-19 crash in mid-march. With the weak economic projection and fundamental, this might come as a surprise to many. Nevertheless, the price action seems to be dominated by Fed-induced market liquidity. Thomas Lee, partner at Fundstrat tweeted, – analysts are mostly…