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Altcoins

Cardano (ADA) Price Analysis: Bulls Aim Upside Break To $0.5

ADA price seems to be forming a support base above the $0.435 level against the US Dollar. The price is now trading above $0.45 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.468 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.468 and $0.480 levels. Cardano price is showing positive signs above $0.450 against the US Dollar, similar to bitcoin. ADA...

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Ethereum Price Analysis: Recovery Could Gather Pace Above $1,400

Ethereum price started a decent increase above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,310 on the 4-hours chart (data feed from Coinbase). The pair could rally further if it clears the $1,400 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it...

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Alcala Resumes Operations After Printing Over $3 Billion in Stablecoins by Mistake

Some blockchain projects have to deal with hackers, and others, like Alcala, have to deal with their own developers. A “human error” a few weeks ago almost killed the whole project. Still, thanks to the mutual effort of the community and the developers, the problem has been solved —kind of. On September 26, Acala network announced the reactivation of its operations after having recovered $2.970 million in aUSD of the $3.022 million its teammistakenly printed in August. The...

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Analysts Think Bitcoin Is Going to Fall Even More

Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation. Bitcoin Ain’t Doing So Hot This, of course, means people can potentially look forward to further rate hikes, which have not done well for bitcoin. Every time rates go up, bitcoin’s price goes down along with the...

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