Altcoins

Ethereum price extended its increase above the $3,300 resistance against the US Dollar. ETH price is now trading above $3,200 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3,260 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise as long as it is above $3,260 and $3,200. Ethereum price is showing positive signs above $3,200 against the US Dollar. ETH/USD must stay above the $3,200...

It’s been a rather big year for crypto thus far, but what will the future bring? Many analysts are weighing in where bitcoin and its altcoin cousins will be standing in the next five to ten years. Where Will Crypto Be in the Next Few Years? Dave Abner – head of global development at Gemini – said in a statement: There’s tremendous focus and attention being paid to [the crypto industry]. One of the big focuses we have been seeing over the past few months is on regulation....

Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said the decision was prompted by its commitment to increasing transparency and exploring new opportunities to collaborate with the USDC community. It noted...

David Marcus – the head of Facebook’s blockchain department – says that the social media company’s new cryptocurrency wallet Novi is ready to go. David Marcus Is Ready to Unleash Novi Novi has been a long time in the making. The wallet is designed to accompany the firm’s new Diem cryptocurrency, which many fans and anticipators still refer to as “Libra.” That was the name the currency originally traveled under when initially announced in the summer of 2019. As a former...

Stellar lumen price started a decent increase above the $0.3500 resistance against the US Dollar. XLM price is now trading above $0.3700 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.3880 on the 4-hours chart (data feed via Kraken). The pair is likely to continue higher above the $0.3900 and $0.4000 resistance levels. Stellar lumen price is showing positive signs above $0.3700 against the US Dollar,...

Ripple price gained traction and it rallied above $1.20 against the US dollar. The price is now trading well above the $1.20 resistance and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $1.25 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $1.080 support zone. Ripple price is trading in a positive zone above $1.20 against the US...

Following a sharp retracement below $49,000, bitcoin has rallied up and reclaimed that particular level. Most altcoins have stalled since yesterday, except for Cardano. ADA has painted another fresh all-time high above $2.6. ADA’s Latest ATH; Alts Calm The alternative coins were all covered in green yesterday with impressive gains across the charts. Ethereum briefly exceeded $3,300 but has retraced slightly since then and currently sits below that level. Binance Coin, which...

Billionaire investor and entrepreneur Mark Cuban appears eager to clarify some comments he recently made regarding Dogecoin, the world’s fourth largest cryptocurrency. Mark Cuban Seeks to Clear the Air Regarding Doge Just a few days ago, the billionaire stated that he felt Dogecoin was a great “medium of exchange.” He also sang additional praises for the popular meme coin, but he is now taking to social media to clarify some of these statements. On Twitter, he has...

Mobile Coin has added a whopping $66 million to its financial reserves following its latest funding round. Mobile Coin Gets a Lot of Cash in the Bank Mobile Coin has stated that it is looking to instill privacy measures for all who would utilize it. Thus, the platform seeks to reject all advertising and instead relies on peer-to-peer networking for all payments, thereby allowing transactions to remain hidden while still occurring on the blockchain. The firm is open to...

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