Altcoins

Many projects introduce a deflationary mechanism in their tokenomics. For a large part, this is usually done through a so-called token burn. Binance is undoubtedly the most famous industry participant in removing chunks of its native cryptocurrency (Binance Coin – BNB), and the way they do it has changed throughout the five years of its existence. So far, the exchange has burned billions of dollars worth of BNB, pursuing its goal of reducing the token’s total supply by 50%....

Stellar lumen price started a fresh increase above the $0.1250 resistance zone against the US Dollar. XLM price is now trading above $0.1250 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.1260 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1250 and $0.1220 support levels. Stellar lumen price is trading above $0.1250 against the US Dollar, similar to...

Ripple price gained pace and cleared the $0.3650 resistance against the US dollar. The price is now trading above $0.365 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3740 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise steadily if it stays above the $0.3720 and $0.3650 support levels. Ripple price is recovering above $0.3750 against the US Dollar, similar to bitcoin....

The United Nations Conference on Trade and Development (UNCTAD) believes the impact of cryptocurrencies should be limited in developing nations. According to the agency, digital assets are unstable financial products that could cause further issues to already shattered economies. Amid the global monetary crisis, numerous residents of emerging countries chose to convert their depreciating fiat currencies into stablecoins. However, the UNCTAD warned that such tokens also pose...

After a brief dip, bitcoin went on the offensive once more and tapped $25,000 for the first time since mid-June. The altcoins are calmer today, but Shiba Inu has stolen the show with a massive double-digit surge. Bitcoin Touched $25K Whether it’s indeed on hype regarding the upcoming Merge, as JPM claimed, the crypto market has been on an uptrend in the past week or so, evident from BTC’s price movements. The most impressive surge came on August 10 when the asset jumped from...

Unlike the previous weekend, this one starts with impressive gains from BTC and most altcoins. Bitcoin, for one, jumped to just under $25,000. With the hype surrounding the upcoming Merge, ETH soared to a multi-month high of its own, above $2,000. ETH Spikes Above $2K The Merge, a move that will see Ethereum transition from PoW to PoS, is arguably the most anticipated event of the year in the cryptocurrency space. The latest reports on the matter suggested that it could...

Bitcoin cash price started a fresh increase from the $130 zone against the US Dollar. The price is now trading above the $140 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $136 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $146 and $150 to continue higher in the near term. Bitcoin cash price is climbing above $140 against the US Dollar, similar to bitcoin. BCH/USD...

Federation – a psy-punk music project – has unveiled a new limited edition non-fungible token (NFT) album it’s calling “F.” The album is only available on RCRDSHP, an NFT platform that features a wide variety of collectibles all purchasable by cryptocurrencies such as bitcoin. Federation NFT Album “F” Now Available to Buy The NFT space has gotten huge in just the last two years alone. While NFTs have technically been around since 2017, they expanded heavily in 2020 –...

Die Meme-Coins haben der Reputation des Marktes nicht unbedingt geholfen. Mehrfach kam es hier zu Pump & Dump Rallys, die den Markt zu einer Lotterie machten. Dennoch haben diese Cryptocoins auch etwas Gutes: Sie brachten neues Kapital in den Markt. Crypto News: Markt ist auf der Suche nach dem nächsten DogecoinIn der aktuellen Bärenphase ist es jedoch auch ruhig um die Meme-Coins geworden – Shiba Inu und Dogecoin zeigten keine sprunghaften Kursbewegungen. In dieser allgemeinen Marktruhe...

Der Bitcoin hat sich im Laufe der letzten Woche kaum bewegt – die Kryptoassets Ethereum und Avalanche sahen einstweilen Preisanstiege von 4,9 und 21,31 Prozent – im Falle von Avalanche dürfte die Listung auf der Trading-App Robinhood (neben Stellar) eine Rolle dafür gespielt haben. Es gab noch einige weitere «positive Ausreisser» am Kryptohimmel, darunter Chainlink und Polkadot, die um 19,7 bzw. 16,27 Prozent wuchsen, und die Binance Coin, die um 14 Prozent zulegte. Im folgenden Bericht...