With the meme-inspired cryptocurrency Dogecoin ($DOGE) trading around $0.14, far below its $0.73 all-time high seen in May of 2021, nearly 60% of DOGE holders are currently “in the money.” According to data from cryptocurrency analytics startup IntoTheBlock, 58% of Dogecoin holders are currently “in the money” even with...
Ethereum and Bitcoin have been locked in a stiff competition for dominance in the market. Chainalysis reports that while cryptocurrency gains across the industry skyrocketed, Ether (ETH) edged Bitcoin (BTC) out of the first position in realized gains earned by investors.
Data shows much of the Bitcoin market distribution is the same since January of 2022, when the crypto hit the $33k bottom.
LUNA’s price continues to extend gains after slipping below a crucial support level on February 17. However, the price faces strong resistance near $97.90. Still, the underlying bullish sentiment could keep up the pace of gains intact in the asset. LUNA price edges higher challenging the upside resistance barrier near $99.0. Investors can expect LUNA to continue with the gains and retest the all-time highs near $120. However, a breakdown of the $90.0 support level will ignore the bullish theory. As of writing,...
TRON price edges higher following the previous sessions of consolidation. The price opened lower but quickly retraced back to the day’s high which is also the weekly high. Investors expect more gains on a daily close above $0.071. TRON price prints impressive gains on Thursday with more than 15% gains. A strong green candlestick indicates more gains if the price pierced the 200-EMA. The momentum oscillator tilt in the favour of bulls.
In a wide-ranging report leading cryptocurrency market data and index provider CryptoCompare has suggested that in the short to medium term it sees a recession in global financial markets, although geopolitical tailwinds have “strengthened the long-term value proposition” of crypto. In its Outlook 2022 report, CryptoCompare details that...
BTC price trades higher on Thursday as the bulls are back in action. A green candlestick suggests the presence of the underlying bullish undercurrent. The price is near the highs of April 11, thus forming a double top formation. However, the above-average volume indicates that the price might ignore any bearish sentiment as of now. Bitcoin price continues to print gains for the third straight session in a row. Expect a run-up to tag the swing highs of $48,000 after clearing...
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