Stellar lumen price started a fresh decline from the $0.3600 resistance against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.2900 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.3000. Stellar lumen price is trading in a bearish zone below $0.3000 against the US Dollar, similar to...
Read More »Ripple Price Analysis: Recovery Could Be Limited Above $0.88
Ripple price started a fresh decline from the $1.05 resistance against the US dollar. The price is now trading below $0.90 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.8800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is no recovery wave above $0.90. Ripple price is showing bearish signs below $0.90 against the US Dollar, unlike bitcoin....
Read More »Cryptocurrency Allegedly Based On JRR Tolkien Is Swiftly Shut Down
The journey of a new digital token potentially based on the works of British author J.R.R. Tolkien – known predominantly for “The Hobbit” and “The Lord of the Rings” novels – has come to a sudden halt thanks to the author’s estate. Tolkien Crypto Comes to a Short Stop The cryptocurrency was launched last August accompanied by the tagline “The One Token That Rules Them All.” Promoting the asset was a new video hosted by Billy Boyd, famous for playing the role of Pippin in...
Read More »Bitcoin Rejected at $60K Amid Fears of New COVID Variant: This Week’s Recap
The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and...
Read More »Bitcoin Cash Analysis: Bulls Struggle Below $600
Bitcoin cash price started a fresh decline from $640 against the US Dollar. The price is now trading below the $600 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $570 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $600 for a fresh increase in the near term. Bitcoin cash price is showing bearish signs below $600 against the US Dollar, similar to bitcoin....
Read More »EOS Price Analysis: Bears In Action Below $4
EOS price started a fresh decline from the $4.15 resistance against the US Dollar. The price is now trading below $4.00 and the 55 simple moving average (4-hours). Earlier, there was a break above a major bearish trend line with resistance near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down below the $3.85 and $3.80 support levels. EOS price is showing bearish signs below $4.00 against the US Dollar, similar...
Read More »Litecoin (LTC) Price Analysis: Risk of Fresh Decline Below $200
Litecoin price is facing resistance near the $220 zone against the US Dollar. LTC price is now trading near $205 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $211 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $200 support. Litecoin price is consolidating above $200 against the US Dollar, similar to bitcoin. LTC...
Read More »Bank of America: The Metaverse Is a Massive Opportunity for The Crypto Industry
Haim Israel – a strategist at Bank of America – believes the metaverse will create huge opportunities for blockchain technology. It will also cause digital assets to start being employed widely for financial transactions. Nonetheless, private tokens are too volatile, and stablecoins like Tether (USDT) and USD Coin (USDC) are more likely to prevail, he opined. The Metaverse Is The Future In a recent interview, the Managing Director and Global Strategist at Bank of America –...
Read More »Here Are The 10 Best Performing Cryptocurrencies in November
November was a month full of ups and downs. The total cryptocurrency market capitalization remained flat at around $2.65 trillion, but Bitcoin’s price is down a little more than 6% throughout the same period. This means that altcoins stepped up, which can also be confirmed by the declining BTC dominance. Bitcoin’s share relative to that of the entire market is down about 3% in a month. With this in mind, we’ve decided to take a look at the top 10 best-performing...
Read More »Ethereum will hohe Gas-Preise in Angriff nehmen
Der Erfolg ist irgendwie auch zum Problem von Ethereum geworden. Der aktuell zweitwertvollste Cryptocoin des Marktes hat weiterhin Probleme mit den Transaktionsgebühren – die auch als ETH-Gas bezeichnet werden. Aufgrund der hohen Network-Nutzung sind diese Gebühren weiterhin zu hoch für die langfristigen Ziele des Projekts. Ethereum News: Ethereum will hohe Gas-Preise in Angriff nehmenDem Kurs des ETH haben die hohen Gebühren allerdings nicht geschadet. Ethereum ist weiter im Aufwind und...
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