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…

Ethereum Price Loses Steam At $200: A Massive Selloff In The Offing as ETH Longs Surge On Bitfinex

May 14th, 2020

Ethereum retreats slightly from the intraday high at $201 to seek a high support. Applied technical indicators send positive signals but low volume hampers price action. Ethereum price followed in Bitcoin’s footsteps stepping above $200. Bitcoin surged to highs close to $9,400 but Ethereum bullish momentum fizzled out at $201. The recovery is happening after…

Cybervein Price Analysis: CVTUSD On Verge Of A Falling Triangle Breakout

May 13th, 2020

Crybervein consolidates above under $0.25 after recovery from last week’s low at $0.01942. The formation of a falling triangle pattern suggests that a breakout is in the offing. Cybervein (CVT) is showing incredible strength against the US dollar. Towards the end of April, the digital asset rallied to $0.0320. However, the bullish momentum remained unsupported,…

Bitcoin VS. Altcoins: Spot Volume and Social Media Sentiments Eclipses the Latter

May 12th, 2020

The spot volume and social media sentiments on Bitcoin are witnessing All-Time High average levels surpassing the interest in altcoins altogether. Bitcoin halving was celebrated yesterday with much vigor across the entire industry. There was considerable volatility in price as well. Mati Greenspan, leading financial and crypto analyst and founder of Quantum Economics, tweeted on the…

Why Bitcoin Halving Can be Good News for the Forks – Bcash and BSV?

May 11th, 2020

Bitcoin [BTC] halving is less than 15 hours away, the run-up to the event in the last couple of weeks have been quite exciting. Reportedly, more than 30% of the BTC mining ecosystem presently employs the S9 miners. Currently, the percentage of total mining hash-rate of BCH and BSV is around 1% of the total…

Top Cryptocurrency Gainers and Bullish Threshold for Ethereum

May 9th, 2020

The rise in Bitcoin [BTC] dominance is now beginning to show signs of reversal with strong rise in a few mid-cap altcoins. The top gainers in the top 50 altcoins with double digit gains have been NEO, IOTA, BAT, Zcash, Ox, and Augur. Moreover, popular crypto trader, Benjamin Blunts (alias) is beginning to see bullish…

Is Ethereum Price Heading To $220 Following Triangle Pattern Breakout?

May 8th, 2020

Ethereum breaks out of triangle resistance but hits a snag at $216. ETH/USD could settle in consolidation around $212 ahead of another attack on the resistance at $220. Ethereum bulls have been keen on sustaining gains above $200 since the breakout in the previous month. ETH/USD hit highs around $227 but immediately plunged to $195….

Ethereum Surging 4% Higher Ahead Forming Falling Wedge Pattern Breakout To $240

May 7th, 2020

Ethereum stalls under $210 resistance despite the 4% gain on the day. A forming falling wedge pattern coupled with the correlation to the Bitcoin price is a key factor to ETH/USD surge to $240. Ethereum has been struggling to stay afloat the critical level at $200. Following April surprise move to $227, bears crept back…

Tezos Price Analysis: XTZ/USD Stalls Under $3.00 But Can This Bullish Interest Push To $4.00?

May 6th, 2020

Tezos price correction from the hurdle at $3.00 finds support above the 50% Fibonacci level. XTZ/USD settles in a sideways action between the 61.8% Fibo resistance and the 50% Fibo support. Tezos price action has been lethargic in the last few days after the bulls hit a snag at $3.00. On the downside, the bearish…

Ethereum Breaks Below Critical Support at $200 with Bitcoin’s DeFi Inclusion

May 4th, 2020

Ethereum [ETH] based DeFi, MakerDAO, adds support for Bitcoin [BTC] as a collateral to issue the DAI stablecoin. WBTC (Wrapped Bitcoin), issued on Ethereum, will now be used in addition to ETH, BAT, and USDC to open Maker Vaults in order to generate Dai.  Maker developers noted in the update yesterday, Bitcoin holders can now turn…