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“# Algorand (ALGO) price strengthens as institutional investors back the project ” Consolidation periods tend to follow strong rallies but they also present a good opportunity to survey the field and evaluate projects that have strong fundamentals. One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO),…
“# Price analysis 6/14: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” Bitcoin (BTC) has risen above the psychological resistance at $40,000 following a series of positive news flow over the past week. The first bit of bullish news that impacted the price of Bitcoin was a tweet from Tesla CEO Elon…
“# South Africa to revise national policy position on cryptocurrency ” South Africa’s financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents a reversal of the largely hands-off approach taken for the past seven years and has been driven by increasingly high levels of retail interest in…
“# Top 5 cryptocurrencies to watch this week: BTC, AAVE, KSM, ALGO, TFUEL ” Bitcoin’s (BTC) price continues to be range-bound between $30,000 and $40,000 level for the past few days, which is not necessarily a bearish sign. Generally, after a sharp fall, the price tends to consolidate as the asset transfers from weaker hands…
“# Here’s how Bitcoin’s impending death cross could be a contrarian buy signal ” Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to…
“# Ethereum’s $1.5B options expiry on June 25 will be a make-or-break moment ” On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March’s 26 expiry, which took place as Ether price plunged 17% in…
“# VORTECS Report: When this indicator lights up, LUNA, MATIC and EGLD usually gain 10% ” Consistency is not generally a hallmark of crypto asset price movements. In a market characterized by volatility, outliers often become the norm — while even macro analysis of large cap assets such as Bitcoin and Ether is often wide…
“# GME and AMC stock surge may impact crypto meme coins, BTC not so much? ” This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” Starting in late January and driven…
“# Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat ” Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and dump their holdings for any price offered. While these…
“# An NFT of the photo that inspired Dogecoin just sold for $4M ” Dogecoin has seen significant attention in 2021 in tandem with its dramatic price rise. Capitalizing on this rise in attention, someone sold a non-fungible token (NFT) of the picture on which the Dogecoin (DOGE) cryptocurrency was based. “The original image that…