Coins

BNB Forming Massive Bull Penant Looking For Breakout

April 29th, 2021

BNB has been consolidating within a bull pennant for nearly 3 weeks. This pattern is nearing its end in a mere week. BNB has been catching a lot of hype recently due to BSC (Binance Smart Chain). There have been many new projects launching on this platform and have been producing mind-blowing returns. This has…

Dogecoin on threshold for 48 percent rally amid Elon Musk aggressive pumping

April 29th, 2021

Dogecoin led the price action in the cryptocurrency market on Wednesday, breaking away from the slugging crypto assets. The majestic price action happened in the wake of a tweet sent by Elon Musk, the founder of Tesla. DOGE spiked by more than 20%, hitting $0.35 for the first time in more than a week. Musk…

Ripple sluggish recovery could delay upswing to $2, here’s what to watch

April 28th, 2021

Ripple attempted to extend the up leg past $1.5 on Tuesday, but bulls hit a wall at $1.47. A minor correction occurred with the price sliding under the 100 Simple Moving Average (SMA) on the four-hour chart. At the time of writing, XRP trades at $1.39 while bulls battle the immediate moving average resistance. The…

Ethereum Surges Past $2550 As Average Gas Fee Drops to Three-Month Low

April 27th, 2021

The world’s second-largest cryptocurrency Ethereum (ETH) is all set for another rally as it surpasses $2550 levels hitting it’s new all-time high and just short of $300 billion in valuations. At press time, Ethereum (ETH) is trading at a price of $2551 with a market cap of $295 billion. Dropping under $2200 levels last Friday,…

Ethereum pivotal at $2,500 but is $3,000 achievable?

April 27th, 2021

Ethereum tested support at $2,000 during the broad-based declines in the cryptocurrency market last week. Support at the 200 Simple Moving Average (SMA) on the four-hour chart and $2,200 played a crucial role in ensuring that the recovery is steady. On Monday, bulls increased the grip on the price by breaking above the 50 SMA…

China’s E-commerce Giant JD.com Starts Paying Employee Salaries in Digital Yuan

April 27th, 2021

Some of the top Chinese conglomerates have already joined hands with the People’s Bank of China (PBoC) in testing the country’s own CBDC, Digital Yuan. As per the latest CNBC report, Chinese e-commerce giant JD.com has already started paying certain employees in Digital Yuan. This comes as the PBoC looks to extend the scope of…

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

April 25th, 2021

Ripple Labs co-founder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while…

DOGE Revives 70 percent as Crypto Market Continues to Struggle

April 25th, 2021

Doge has had a wild ride in April rising over 400%. The bullish rally has been halted as the cryptocurrency market continues its sell-off. DOGE peaked at nearly $0.45 and sold off 65% at its low. The hype and euphoria surrounding doge only lasted so long. DOGE ended up flopping nearly 25% on anticipated 4/20…

NFT Weekly Roundup: Polygon’s Sustainable Minting, Oscars NFTs, And, Yes, Poop Emoji NFTs

April 23rd, 2021

As another busy week comes to an end, the NFT universe witnessed many new developments. From Polygon teaming up with leading brands to unique new collectibles up for grabs – here are the top NFT news bytes of the week. Polygon to Offer A Sustainable Way of Minting NFTs NFT creation platform Cent will integrate…