Tron price started a fresh decline from well above the $0.1700 zone against the US Dollar. TRX price is now trading below the $0.1500 support and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.1420 on the 4-hours chart (data feed via Bitfinex). The pair could correct higher, but the bulls must gain strength above $0.1500 for more gains. TRON price is holding the $0.1200 support zone against the US Dollar,...
Read More »Dogecoin Has Been Putting Rivals Like BTC to Shame
Bitcoin and its primary rival Ethereum have been spiking like crazy, but in truth, their price jumps can barely hold a candle to those of Dogecoin. Dogecoin Is On the Rise The currency has been something of an enigma over the past few years and has also seen its fair share of controversy. What is it designed for and who should be using it? These are only some of the many questions that both analysts and traders are likely asking themselves, and it is quite clear that...
Read More »DAO Maker Brings Its Token Launch Framework to TRON
DAO Maker, whose token sale launchpad has incubated a wave of heavily oversubscribed IDOs, is bringing its model to the TRON network. A partnership between TRON and DAO Maker will bring the latter’s formula to the blockchain network founded by Justin Sun and now centered around DeFi. Token launchpads have been one of the biggest growth verticals in DeFi this year, with a host of platforms springing up across various networks, including BSC and Ethereum. TRON has been...
Read More »Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.05
ADA price started a strong decline from well above the $1.350 level against the US Dollar. The price is now well below the $1.300 support and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.305 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.100 and $1.050 support levels. Cardano price is declining and trading well below $1.200 against the US Dollar, similar...
Read More »Ethereum Price Analysis: ETH Corrects Lower, $2,000 Holds The Key
Ethereum price started a fresh decline from well above $2,400 against the US Dollar. ETH price is currently trading well below $2,275 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $2,275 on the 4-hours chart (data feed from Coinbase). The pair is likely to find a strong buying interest near the $2,000 and $1,930 levels. Ethereum price is correcting gains below $2,300 against the US Dollar. ETH/USD could...
Read More »Chia Miners Are Already Causing an SSD Shortage Crisis Even Though It’s Not Available for Trading
The hype ahead of the launch of the Chia Network is making waves, and it is already starting to affect non-cryptocurrency-related sectors all around the world, especially from southeast Asia. The project, which uses the storage space as a transaction validator, has grown by leaps and bounds and is already causing a shortage of high-performance SSDs and HDDs. Buy All The SSDs! According to a report from the Hong Kong technology news website HKEPC, investors are buying up as...
Read More »Bitcoin (BTC) Price Tanks to $52K in Brutal Market-wide Correction Yesterday, Trading at $56K Today
While the overall cryptocurrency market lost $300 billion dropping below the $2 trillion valuation, Bitcoin and the altcoin market each contributed a fall of $150 billion. On Sunday, April, the overall cryptocurrency market tanked in a recent correction majorly led by Bitcoin (BTC) and other cryptocurrencies. Nearly $300 billion were wiped out from the crypto market as the overall crypto market cap slipped below $2 trillion.On Sunday, Bitcoin (BTC) dropped to a sudden low of $52,000 after...
Read More »Ripple Price Analysis: Risk of More Losses Below $1.35
Ripple price surged towards the $2.0 level before correcting lower against the US dollar. The price is now trading below the $1.65 support and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its losses below $1.350 as long as it is below the $1.650 zone. Ripple price is struggling to hold gains above $1.350 resistance...
Read More »$10 Billion in Liquidations as the Crypto Market Cap Evaporated $360B in Hours
The enhanced volatility in the past day caused nearly $10 billion in liquidations in less than a day as bitcoin, and all altcoins fell hard. Naturally, over 90% of the liquidated amount came from long positions. CryptoPotato reported earlier today the adverse price developments in the cryptocurrency market. Bitcoin fell by more than $9,000 in hours, Ethereum lost $400, and so on. With most digital assets plummeting by double-digits, the cumulative market cap lost $360...
Read More »Bitcoin Price Dipped Below $52K Amid U.S. Treasury Rumors (Market Watch)
Another wild weekend in the crypto markets as Bitcoin plummeted by about $9,000 in hours amid rumors suggesting the US Treasury Department would charge several financial organizations for laundering money with cryptocurrencies. The altcoin market is also deep in red with double-digit percentages that evaporated more than $350 billion from the crypto market cap. US Treasury FUD Plummeted BTC? As reported yesterday, the primary cryptocurrency had regained over $2,000 of value...
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