Coins

Binance Launches Ethereum and XRP Options Contracts, More Volatility in Prices?

May 25th, 2020

World’s largest cryptocurrency exchange, Binance, announces addition of options contracts for Ethereum and XRP. It becomes the first exchange to add support XRP options.  Options are financial derivatives with leverage which allows the buyer of the contracts to buy (call option) or sell (put option) the underlying asset at a specified price on expiry. #Binance…

Ripple Price Analysis: XRP/USD Nosedive Under $0.20 The Beginning Of A Gruesome Journey To $0.1750

May 22nd, 2020

Ripple price renews bearish sentiments after failing to break above $0.21 resistance and hold above $0.20. XRP/USD symmetrical triangle support breakdown hints further losses towards $0.1750. The last 48 hours have particularly been hard on Ripple bulls as well as the rest of the buyers in the cryptocurrency industry. The downtrend happens to follow Bitcoin…

USDT (Tether) Flips XRP on CoinMarketCap after a $11 Billion Crypto Dump

May 22nd, 2020

The total market capitalization of USDT overcomes that of XRP becoming the third-largest cryptocurrency on CMC. Moreover, the combined market capitalization of USD stablecoin has risen over $10.3 billion. The sell-off in the cryptocurrency markets. yesterday, caused a rush to USD as the demand for stablecoins rose considerably. The total USDT on crypto exchanges has…

Tezos Price Analysis: XTZ/USD Double-Top Pattern In Play; Why Breakdown To $2.4 Imminent?

May 21st, 2020

Tezos facing the impact of a double-top pattern puts pressure on short term support levels at $2.70 and $2.60. XTZ/USD technical picture hints towards further breakdown especially if the trendline support is broken. Tezos is one of the most active cryptocurrencies in the market at the moment. It is believed that it is offering investors…

Tezos Price Reaches Bullish Break-Out Levels with 8% Gains – Analysts

May 20th, 2020

Tezos [XTZ] records 8.04% gain in the last 24 hours w.r.t. USD as the price moves up to $2.87. Technically, the price has at a critical break-out level with the push received by positive adoption news.  Banco BTG Pactual, the largest investment bank in Latin America issued real estate tokens on the Tezos blockchain. Last…

Wazirx Price Analysis: WRX/USD Consolidating Ahead Of Triangle Breakout To $0.20

May 20th, 2020

Wazirx recovery from March lows at $0.05 stalls under $0.15. A triangle support breakout is in the offing as WRX/USD consolidates under $0.15. Wazirx (WRX), a relatively new coin in the market but one that is growing at a steady pace. In the short period, it has traded on exchanges in 2020, Wazirx continues to…

Ripple Price In Consolidation Above $0.20: Symmetrical Triangle Bullish and Bearish Scenarios

May 19th, 2020

Ripple holds above $0.20 amid the strengthening bearish grip. XRP/USD could dive to $0.1750 and $0.1500 if the triangle support is broken. Ripple is settling in for consolidation above $0.20. This follows a negative price action from the seller congestion zone at $0.21. The support has been instrumental to the stability in the last couple…

Ethereum Price Analysis: ETH/USD On The Journey Of Breaking Barriers, All Eyes On $220

May 18th, 2020

Ethereum sustains gains within an ascending channel after a recent breakdown to $175 support. The ongoing bullish pressure has encountered resistance at the 61.8% Fibo which must be broken for gains towards $220. Ethereum has embarked on the grand journey of breaking key barriers. Following the freefall to the support at $175 two weeks ago,…

BitMEX CEO Shares a Bullish Tell from the Bitcoin Futures Market? Analyst Points

May 18th, 2020

The futures traders biases are flipping long on Bitcoin [BTC] with conviction at the moment. The funding rate and BTC basis across major crypto exchanges is positive. Arthur Hayes, the CEO of BitMEX derivatives exchanges tweeted on the state of contango in the futures markets as September contracts trades above $10,000. He tweeted, A gunslinger…

Facebook’s Crypto Project, Libra, Adds Singapore Govt. Backed Firm, Temasek

May 15th, 2020

Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm…