When a cryptocurrency makes a name for itself in the market, it is because of the positive price action usually. However, Algorand seems to have defied that narrative. Instead of making the investors optimistic, ALGO has kept them down in losses. On closer inspection, it appears that ALGO’s journey to the south is not over yet.
Projecting similar patterns of development over the past week, AXS and AlGO were most likely to see a further drop in prices while MANA seemed to be a bit more stable than the rest. Axie Infinity (AXS) Source: TradingView, AXS/USD Axie Infinity dropped down from the $65.68 mark during mid-February to gain crucial support at the $42.63 level, which the alt visited back in August last year. Even though the Ukrainian conflict did influence the greater market, the coin recovered quickly and...
Cardano (ADA) price edges higher on weekends with significant gains. The upside faces rejection near $1.01 and retraced 20% to test the lows of $0.81. But ADA price respects the ‘double support’ near $0.80 as the asset is in preparation to move higher in the short term. Cardano (ADA) trades higher on Saturday. Expect more gains toward $1.0 as price finds support near the double bottom. Bullish Divergence in RSI hints at a possible upside turn. If the price sustains the session’s...
With Russia hit by sanctions and being cut from the SWIFT system, many crypto watchers in the past few days have been talking about XRP’s place in the banking world, and the legal tangle of SEC vs Ripple.
Earlier this week, crypto analysis show Coin Bureau talked about his top six proof-of-stake (PoS) cryptoassets for 2022. According to a report by The Daily Hodl published yesterday, here are a few comments by the host of the popular YouTube series about each of his favorite six PoS...
The Russian invasion of Ukraine has brought many problems for the whole world. The US, UK, EU, and other countries have applied measures to curb the Russian economy. After damaging the traditional markets, the Union of different countries is now aiming with sanctions at the Cryptocurrency and NFT markets in Russia. In this bid, Japan’s financial regulator and Virtual and Crypto Assets Exchange Association (JVCEA) have reportedly started working over it.
In crypto, there’s a tendency to focus on market caps and daily price movements. But for a fresh perspective, let’s instead take a look at the cumulative returns for some top assets this week.
Recently, Alex Mashinsky, Co-founder, Chairman, and CEO of lending platform Celsius Network, shared some of his latest thoughts on Bitcoin. During an interview on February 24 with Kitco News anchor David Lin, the Celsius CEO claimed that Bitcoin had found strong support around $30,000, as the price responded to the...
Anchor Protocol (ANC) token price has surged in the past 24 hours, sidestepping a plunge in the crypto market as traders sought exposure to the relatively large yield offered by the Anchor protocol. The token was last trading up 13% at $5.5, hovering around 10-month highs and with a total market capital of $1.4 billion.
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