Altcoins

Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...

A popular digital asset known as Squid Game token – based on a hit Netflix series – has gone kaput. The currency was trading for well over $2,800 during the weekend, but the currency has since crashed into oblivion and is now worth less than half a cent after executives decided to pull the plug and run off with all the proceeds. Squid Game Token Is Over and Done With The currency gets its name from “Squid Game,” a Netflix series in which players gamble with their lives....

It was a very dynamic week in the cryptocurrency industry, even though it may not seem that way judging by Bitcoin’s price. And yet, we saw a lot of action in the altcoin scene, especially with memecoins and play-to-earn projects, so let’s dive in. Starting off, Bitcoin failed to produce any meaningful gains over the past week and is only up by about 0.6% throughout the period. Yet, it wasn’t exactly a smooth sail as the price dipped to $60K on Monday, only to bounce above...

Bitcoin cash price started a major increase above the $580 zone against the US Dollar. The price is now trading above the $600 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $592 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair is consolidating gains and it could eye more upsides above $615 and $620. Bitcoin cash price is showing positive signs above $595 against the US...

EOS price started a fresh increase above the $4.00 zone against the US Dollar. The price is now trading above $4.50 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $4.60 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could accelerate higher if there is a clear break above $4.90 and $5.00. EOS price is showing positive signs above $4.50 against the US Dollar, similar to bitcoin. The...

Litecoin price started a fresh increase from the $172 support against the US Dollar. LTC price is now trading above $195 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $195 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise as long as it is above the $188 support level. Litecoin price is moving higher and trading near $200 against the US Dollar, similar...

The US Senator Cynthia Lummis does not believe memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE) are “here to stay.” She opined that Bitcoin (BTC) is the only decentralized commodity, while the rest of the crypto assets behave like securities. Memecoins Are Not Like Bitcoin Despite garnering a lot of attention and tapping new all-time highs during 2021, investors should beware when dealing with memecoins like Shiba Inu and Dogecoin, asserted Republican Senator Cynthia...

Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – has hit a record high. At the time of writing, the asset is trading for a whopping $4,400 per unit – its greatest price to date. Ethereum Is At an All-Time High Ethereum has enjoyed a hectic run throughout the year – almost as hectic as its big daddy bitcoin. While that currency has reached a new high of $66,000 per unit in recent weeks, the currency has dropped...

Tron price started a fresh rally above the $0.1000 resistance zone against the US Dollar. TRX price is now trading above $0.1000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1020 on the 4-hours chart (data feed via Bitfinex). The pair is correcting gains, but dips are likely to be limited below $0.1000. TRON price remained well bid above $0.1000 against the US Dollar, similar to bitcoin. TRX price...

Gary Gensler – chairman of the Securities and Exchange Commission (SEC) – recently revealed the US government’s completed stablecoin report. It outlines risks associated with such tokens and provides “prudential” recommendations to congress on how to address them. Stablecoins: Benefits and Risks The POTUS’ Working Group on Financial Markets (PWS) produced the report in collaboration with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the...