Altcoins

Stellar lumen price is facing a few important hurdles near $0.3400 and $0.3500 against the US Dollar.XLM price is holding gains above the $0.3000 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.3460 on the 4-hours chart (data feed via Kraken).The pair could start a strong upward move if there is a clear break above the $0.3400 and $0.3500 resistance levels.Stellar lumen price is showing positive signs above $0.30000...

Ripple price started a strong increase after forming a base above $0.2500 against the US dollar.The price is now trading well above the $0.5000 resistance and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $0.5050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair traded as high as $0.5806 and it is likely to continue higher.Ripple price is trading in a positive zone above $0.5000 against the US...

Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now.The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good for the industry in general as reliance on one centralized provider for dollar-pegged assets is never a good idea.$USDT market dominance in stablecoins is below 75%...

The price of Dogecoin spiked by more than 80 percent last Thursday following activity on Reddit in which many of the asset’s fans pooled together to discuss the newfound interest Wall Street allegedly has in the currency which initially started out as a joke.The Price of Dogecoin Is Going Up, Up, UpCoinMarketCap.com – which monitors and tracks many of the world’s leading digital assets – says that Dogecoin had jumped by as much as 60 percent just a few days ago, while further jumps came only...

The largest US-based crypto exchange Coinbase has classified bitcoin and several altcoins as institutional assets following the developments in 2020. In its yearly report, the company has confirmed the growing institutional interest, the maturing market, and, somewhat surprisingly, the expanding appetite from corporations towards ETH.2020 Established Bitcoin As An Institutional AssetThe challenging last year saw the emergence of Bitcoin as an asset fit to serve the needs of institutional...

Following the highly volatile few days in which BTC displayed $6,000 price moves in both directions, the cryptocurrency has calmed around $34,000. At the same time, XRP and a few more altcoins have exploded in value and reduced BTC’s dominance to 62.5%. Uniswap’s UNI token even hit $20.XRP’s Massive Surge Reclaims #4th SpotThe past few days have been anything but boring in the cryptocurrency space – from the retail-driven hype for Dogecoin and up to four-digit gains, through the Elon...

Seit vorgestern überschlagen sich die Ereignisse im Markt. Eine Flashmob-Rallye hatte sich im Aktienmarkt ergeben, welche die GameStop-Aktie durch die Decke gehen ließ. Ein ähnliches Phänomen wurde im Cryptomarkt beobachtet – hier war es der Dogecoin, der innerhalb weniger Stunden um 1.100 Prozent anstieg. Bitcoin News: Dogecoin outperformed Bitcoin in intensiver Flashmob-RallyeAuch Bitcoin profitierte und stieg zwischenzeitlich sogar wieder auf 37.500 US-Dollar an. Einige Daytrader nahmen...

At the time of writing, DOGE is in the 10th position with a market cap of $7 billion.It is a wild world on Reddit and Twitter as Dogecoin (DOGE) was targeted as the cryptocurrency befitting to be pumped as the shares of American video game retailer GameStop Corp (NYSE: GME) has been over the past days. As reported by CNBC, a frenzy on the Reddit chatroom dubbed ‘SatoshiStreetBets’ aimed to make Dogecoin the cryptocurrency equivalent of GameStop by pumping the price through mass retail...

Bitcoin cash price declined after it failed to clear the $465 resistance against the US Dollar.The price even spiked below the $400 support and settled well below the 55 simple moving average (4-hours).There is a short-term rising channel forming with support near $390 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could recover above $420, but it might face a strong resistance near the $440 level.Bitcoin cash price is struggling to gain momentum above $400...

There are three altcoins to watch this and next week, as I am expecting high volume injections during weekends, my top picks are ADA/USD, LINK/USD, ZIL/USD.The sell-off ahead of the FOMC meetings has stopped today after claims made by the Chairman Mr. Powell. Mr. Powell has stated that the date of the economic recovery still remains uncertain and strictly dependent on the virus spread and vaccination advances. The US Dollar gained significantly yesterday adding 0.53% to its value hitting the...