Last February, Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – announced that while he was a big fan of Dogecoin, there would be a serious problem with it should there only be a small concentration of wallets holding most of the available units. Now it looks like that worry is becoming a reality. Dogecoin Has Grown, and Some May Be Getting Greedy Dogecoin has shot up by more than 12,000 percent in the last year alone,...
Read More »Auch Shiba Inu Coin explodiert und outperformt Bitcoin
Nachdem die Dogecoin Rally ein wenig ins Stocken geraten ist, richtet sich nun die Aufmerksamkeit auf einen DOGE-Clone, der innerhalb der letzten 3 Tage um fast zweitausend Prozent zulegen konnte. Bei diesem Clone handelt es sich um einen Altcoin mit dem Namen Shiba Inu (SHIB), der als besserer Dogecoin vermarktet wird. Crypto News: Auch Shiba Inu Coin explodiert und outperformt BitcoinBeim SHIB handelt es sich um einen Fun-Token, der versucht den Erfolg des DOGE zu kopieren. Und wenn wir uns...
Read More »Cardano (ADA) Price Analysis: Uptrend Intact Above $1.5
ADA price started a fresh rally above the $1.500 resistance zone against the US Dollar. The price is now trading well above $1.500 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.500 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.550 and $1.500. Cardano price is correcting gains from well above $1.800 against the US...
Read More »Ethereum Price Analysis: ETH Trims Gains From $4,220, But Dips Limited
Ethereum price started a fresh rally above the $4,000 resistance against the US Dollar. ETH price is currently trading well above $3,500 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $3,800 on the 4-hours chart (data feed from Coinbase). The pair is correcting gains, but it is likely to find bids near the $3,800 and $3,600 levels. Ethereum price extended its rally above the $4,000 level against the US Dollar....
Read More »If You’re an Influencer Promoting Crypto, Make Sure You’ve Done Your Homework
If you are an influencer on the internet and social media, there is a good chance that a lot of people are listening to what you say and take heed of your words. Therefore, you should always be careful about the promises you make and things you promote. It now looks like crypto is becoming the object of many influencers’ attention, but they may not be doing enough research regarding which assets are solid and which are fly-by-night coins. If You’re an Influencer, Be...
Read More »South Korea to Examine Altcoin Listings on Exchanges Due to High Risks
The significant rise of the altcoins in price and popularity has raised concerns among South Korean officials. The nation’s bank association has advised its members to investigate the rapidly growing number of alternative coins available for trading on crypto exchanges. South Korea Warning for Altcoins Although bitcoin is well in green since the start of the year, 2021 is so far going towards the altcoins. Multiple coins have skyrocketed in value in recent months, leading to...
Read More »Andrew Bailey: Be Prepared to Lose All Your BTC
Andrew Bailey is the governor of the Bank of England, and apparently, he does not like bitcoin very much. Andrew Bailey: Not Bitcoin’s Biggest Fan In a recent interview, Bailey trashed bitcoin and its altcoin cousins, and said that investors should only take the risk of putting their money into digital assets granted they are willing and able to lose it all at a moment’s notice. Discussing cryptocurrencies, he stated: They have no intrinsic value. That does not mean to...
Read More »Data Agnostic Oracle Network ORAO Chooses TRON’s Blockchain Over Ethereum’s
The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks. ORAO to Launch Products on TRON Described as a “blockchain agnostic oracle platform built to support any number of chains,” ORAO operates with protocols working on top of Polkadot, Ethereum,...
Read More »Stellar Lumen (XLM) Price Gaining Momentum, Bulls Aim $0.65
Stellar lumen price started a fresh increase above the $0.5500 resistance zone against the US Dollar. XLM price is now trading well above $0.6000 and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.5800 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6800 and $0.7000 resistance levels. Stellar lumen price is gaining pace above $0.5500 against the US Dollar,...
Read More »Ripple Price Analysis: Approaching Next Key Break, $1.50 Holds The Key
Ripple price started a steady increase and it tested the $1.75 resistance against the US dollar. The price is now consolidating above $1.50 and close to the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.58 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.58 and $1.60. Ripple price is struggling to stay above the $1.50...
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