The host of popular crypto analytics and market commentary show Coin Bureau says that Polygon ($MATIC) is positioned to benefit from Ethereum’s transition to a proof-of-stake network. Polygon is “a protocol and a framework for building and connecting Ethereum-compatible blockchain networks”; it aggregates “scalable solutions on Ethereum supporting a...
XRP price consolidates in a very tight range with very limited price action. The price attempted to breach the critical resistance barrier but failed to do so. Investors await a break out of the short-term trading range of $0.80 and $0.90 to set the new directional bias. XRP price trades in a very tight range with no meaningful action. A decisive close above $0.90 will pave for the next upside target at $1.0. Further, the price remains pressured below the 200-day EMA. As...
While the broader market has been picturing some slow signs of recovery, some coins have been going against that trend. XRP, Zilliqa, and Dogecoin seemed ready for a price correction going forward, at press time. On the contrary, Polkadot seems to be following the general market trend and is making steady progress north.
The Zilliqa(ZIL) technical chart shows multiple higher price rejection candles at $0.211 resistance. This constant rejection from above may trigger a bearish reversal and plunge the altcoin to the $0.136 mark. Is its safe to hold during the correction?
In an interesting turn of events, the NEAR protocol token has shot up by 15.06% over the last day to take Litecoin’s #19 position.
Ripple Co-Founder (as well as its former CEO) Chris Larsen, who is currently Executive Chairman of Ripple’s board of directors, is backing a new campaign to transition Bitcoin from proof-of-work (PoW) network to proof-of-stake. According to a report by Bloomberg, Larsen, alongside several climate activist groups including Greenpeace,...
Different headwinds across the globe have seriously affected digital assets directly or indirectly. These includes everything from inflation concerns, EU anti-crypto amendments to government bans. Whatever the reason be, investors want to reduce their exposure to risky assets.
Ethereum price remains on the front foot in the recent price action. ETH makes impressive gains over the week and looks promising to produce further gains. The price is witnessing consolidation after printing three-month highs above $3,500. Ethereum price continues to print gains on Saturday. A leap toward $4,000 looks possible as the price remains firm above 200-day EMA. ETH tested $3,500 for the first time since January 6. As of press time, ETH/USD trades at $3,485.12, up 0.82% for the day. The...
On Thursday (March 31), Arthur Hayes, Co-Founder and former CEO of crypto derivatives exchange BitMEX, talked about Bitcoin and Ethereum, and more specifically about the portions of his crypto portfolio allocated to these two cryptoassets. In his blog post, Hayes explained why he is currently more bullish on...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The past 24 hours saw a transaction volume amounting to $140 million on the Algorand network the previous day, according to data on Messari.io. While this figure has been rising in the past few days, it was also stark in contrast to the $11.3 billion worth of transactions on Ethereum and ETH. Coinglass data showed that ALGO has seen a...
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