Algorand DeFi Is Booming. Here’s Why
$ADA: Yevhen Karpenko Explains ‘Why Cardano Is the Best Cryptocurrency in the World’
admin2022-10-14T11:41:56+00:00On Thursday (October 13), Yevhen Karpenko, Community Manager for DeFi Investing Platform DEFIYIELD, explained why he believes that Cardano ($ADA) is “the best cryptocurrency in the world.” In early February 2022, Kraken Intelligence, the research arm of crypto exchange Kraken, released a 42-page highly impressive research report titled “Cardano:...
Top 7 Cryptocurrency of 2022: Here’s List
admin2022-10-14T10:52:53+00:00Top 7 Cryptocurrency of 2022: Here's ListOctober 13, 2022List of Top 7 Cryptocurrency based on market capitalisationBitcoin - Created in 2009 by Satoshi Nakamoto. Bitcoin is a decentralized digital currency and has a total market cap of $375,705,102,293 USD.Ethereum- It is a decentralized open-source blockchain system that features its own... Read more Source link
Canada’s Central Bank: ‘Bitcoin Ownership Among Canadians Increased Sharply in 2021’
admin2022-10-14T09:45:08+00:00On Wednesday (October 12), Bank of Canada (which is Canada’s central bank), highlighted five findings from a report that studied “the dynamics of Bitcoin awareness and ownership from 2016 to 2021” using its Bitcoin Omnibus Surveys (BTCOS). On October 12, Bank of Canada published a blog post that...
Can Bulls Clear This Key Hurdle? –
admin2022-10-14T05:31:08+00:00Bitcoin cash is attempting a fresh increase from the $102 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $112 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $112 and $115 to continue higher in the near term. Bitcoin cash price is climbing above $110 against the US Dollar, similar to bitcoin....
Bitcoin Shot Covering Pulls the BTC Price Closer to $20,000
admin2022-10-14T04:51:01+00:00On Thursday morning, the U.S. reported its worse-than-expected CPI data for September 2022 leading a major slide in the crypto market. Bitcoin and the border crypto market reacted immediately with the BTC price tanking all the way down to $18,000. However, as on-chain data provider Santiment reported, the BTC price started rising higher as the short vs long ratio on exchanges touched a 3-week high. The data provider noted: Traders shorted #Bitcoin & #altcoins heavily as #inflation news...
Bitcoin ($BTC) Trading Into $BUSD Surges Nearly 80% Over Binance’s Stablecoin Conversion
admin2022-10-14T02:35:00+00:00The cryptocurrency ecosystem endured a market-wide sell-off last month over macroeconomic factors that continued to weigh down risk assets, including equities. The fall was reflected in spot trading volumes, which rose significantly last month. According to CryptoCompare’s latest Exchange Review report, BTC spot trading into BinanceUSD ($BUSD), the...
Bitcoin’s supply distribution metric credits ongoing selling pressure to…
admin2022-10-14T02:30:02+00:00Bitcoin’s [BTC] ranging performance has demonstrated a healthy demand increase every time it approached $19,000. But this time demand has dropped despite retesting the same price. Let’s look at some of the factors that have accompanied this change and what it could mean moving forward. Here’s AMBCrypto’s price prediction for Bitcoin (BTC) Earlier in the week, we observed Bitcoin’s estimated leverage ratio peak to new highs. This was a sign that many traders expected the market to bounce back. Fast forward...
Forecasting Dogecoin’s [DOGE] potential to bounce back from this level
admin2022-10-13T21:30:18+00:00Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Dogecoin strived to bounce back after a rising wedge breakdown, can it find renewed buying pressure? The meme-coin marked a slight uptick in its social dominance. Owing to the broader market fallout, the slip below the $0.173-level in December last year positioned Dogecoin (DOGE) to find fresher lows to date. This phase led the dog-themed crypto to match its yearly lows in...
Whales Move 200 Million XRP Tokens
admin2022-10-13T18:50:46+00:00Ripple’s native token, XRP has shed its price after a good gaining run over the past few weeks. However, the global digital asset market is trading under increased volatility due to increased correlation with the traditional market. The cumulative crypto market cap has dropped to stand at $887 billion.