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“# 3 reasons why Constellation (DAG) price outperformed most altcoins this week ” The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention. One…
“# Key altcoin price metric flashed bullish ahead of Axie Infinity’s parabolic rally ” Axie Infinity (AXS) has had a rough week: On July 1, it was trading at just above $5. One week later and following two consecutive two-day rallies, the price was charging past $19. AXS price has since dropped between $18 and $19,…
“# Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS ” Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24…
“# Price analysis 7/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL ” Earlier this week, Fan Yifei, the deputy governor of the People’s Bank of China has warned that stablecoins like Tether (USDT) pose “risks and challenges to the international monetary system, and payments and settlement system”. Fan did not even spare Bitcoin…
“# Dogecoin gains 8% after Elon Musk says DOGE payments compete with Bitcoin, Ethereum ” Dogecoin (DOGE) may need a new marketing strategy after the latest publicity stunt from Elon Musk moved its price by less than 8%. In a tweet on July 8, “Dogefather” Musk argued that Dogecoin could do a better job at…
“# Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K ” Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price flips $33,000 support Data from Cointelegraph Markets Pro…
“# Is Bitcoin overbought or oversold? Use Bollinger Bands to find out! ” Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation. One…
“# 3 reasons why Ethereum exchange reserves are falling to new lows ” Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held…
“# Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use ” The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to…
“# FLOW faces 20% crash risk after intraday pump-and-dump ” FLOW prices slipped on Thursday as traders unwind their bullish bets from the lately bullish digital assets. The FLOW/USDT exchange rate lost up to 15.22% New York morning, a sharp reversal from Wednesday when the pair closed at a one-month high of $16.99 following a…