Ethereum Price Analysis: ETH/USD Leaves Altcoins In Dust As It Joins Bitcoin’s Rally, Eyes On $280

July 23rd, 2020

Ethereum trading remained mundane for several weeks in spite of strong fundamentals within its network. While other altcoins rallied, Ethereum persisted in a range that was broken at some point last week pushing ETH/USD to find support at $228. Following that, recovery from the dip was steady and gradual until a massive breakout came into…

After MasterCard, VISA Announces Plans Around Crypto Development

July 22nd, 2020

After MasterCard’s recent announcement on expanding support to cryptocurrencies, VISA has laid out a similar press release willing to keep up with the competition. VISA is planning to make it quicker and easier to spend digital currency worldwide.  According to their announcement, around the world, more than 25 digital currency wallets have linked their services…

Ethereum Price Heads For $280 If This Symmetrical Triangle Resistance Is Shattered

July 22nd, 2020

Ethereum price again proved its correlation to Bitcoin price has grown stronger. The largest altcoin remained motionless even when smaller altcoins were rallying in the first two weeks of July. Ether ignored a possible rally even though its fundamentals were extremely strong. Instead, the price first consolidated around $240 before breaking down to $228 support….

Ripple Price Analysis: XRP/USD Signals A Massive Spike On This Bullish Flag Pattern Formation

July 21st, 2020

Ripple price is attempting to change the narrative that has dominated its market since it hit a hurdle at $0.21 in the first week of July. XRP rallied impressively from lows under $0.17 in tandem with the spike witnessed in various altcoins. Unfortunately, the fourth-largest cryptocurrency failed to contain the gains above $0.20. The price…

Kyber Network [KNC] Price Surges Post Binance.US Listing

July 18th, 2020

Cryptocurrency exchange, Binance recently underwent its 12th quarterly burn which is considered to be its largest to date. While its price continues to hover at $17, the exhcnage seems to have fueled the price of other currencies by extending support.  KNC And WAVES Find Shelter At Binance.US Prominent cryptocurrency exchange, Binance has a spot fixed…

Stablecoins Vs. CBDC: Will it Effect Crypto Markets a Year from Now?

July 18th, 2020

USD backed Stablecoins have overtaken the transaction volume of Bitcoin and Ethereum. Moreover, analysts are also witnessing a wind of change towards Central Bank Digital Currencies (CBDC). As FIAT money begins to compete with crypto directly, there is massive uncertainty on its effect on Bitcoin.  The stablecoins are leaving begin crypto in trading volumes and…

Ethereum Price Clings On 50-day EMA As $240 Beckons Profusely

July 17th, 2020

Ethereum plunge on Thursday followed the return of some volatility in the market that was mainly attributed to top Twitter accounts being hacked. For a period of more than a week, Ether had remained pivotal at $240. Before that, ETH/USD has blasted north, testing the resistance at $245. Unfortunately, the drab action across the cryptocurrency…

Ripple Price Forecast: Why XRP/USD Freefall To $0.19 Imminent?

July 16th, 2020

Ripple, for a couple of days this week was at its tipping point ($0.20). This followed a reversal from an incredible rally that hit a wall marginally above $0.21. However, with the price action currently extending far below $0.20, it seems the direction XRP will be following in the coming sessions has already been decided….

Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey

July 15th, 2020

Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time frame of when the…

Is DeFi Sustainable In The Long Term: Ethereum Price Stuck In Consolidation

July 15th, 2020

It is clear that projects within the Ethereum network and especially decentralized finance (DeFi) projects are doing extremely well. The DeFi ecosystem last week hit an all-time high above $2 billion with projects such as Compound and Coin increase market dominance. The price action for Ethereum has little that’s there to talk about. For…