Altcoins

Stellar lumen price is trading nicely above the $0.3500 and $0.3600 support levels against the US Dollar.XLM price is holding gains above the $0.3600 support and the 55 simple moving average (4-hours).There is a key rising channel forming with support near $0.3590 on the 4-hours chart (data feed via Kraken).The pair could start a strong upward move as long as there is no downside break below $0.3590.Stellar lumen price is showing positive signs above $0.30000 against the US Dollar, similar to...

Ripple price remained stable above the $0.3500 and $0.3650 support levels against the US dollar.The price is now trading near the $0.4300 zone and the 55 simple moving average (4-hours).There is a key declining channel forming with resistance near $0.4300 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could start a steady increase if it clears the $0.4300 and $0.4400 resistance levels.Ripple price is trading in a positive zone above $0.3500 against the US Dollar....

Elon Musk is back at it again. This time around, he’s back to his old habits of pushing Dogecoin, calling it “the people’s coin” in a recent tweet and pledging enough support for the asset that it has risen by about 75 percent in the last 24 hours alone.Elon Musk Calls Dogecoin the “People’s Coin”Musk is one of the most confusing figures in the cryptocurrency arena. As the CEO of both Tesla and SpaceX, no doubt the South African entrepreneur has a good handle on technology, but he seems to go...

The crypto market is heating up again. After trading whipsaw for over a week, Bitcoin and altcoins are showing signs of rallying. Bitcoin is up 5.5% to $38,288 while ETH gained over 8% to $1,695. ETH performed better than Bitcoin since 2020, increasing over 724% for the year.Although Bitcoin is in the spotlight, many analysts shared that ETH could outperform BTC in 2021. For one thing, according to Grayscale, the proposed EIP-1559 fee and burn mechanism of ETH could be a bull catalyst that...

After another increase that took BTC to $41,000, the cryptocurrency has retraced beneath the coveted $40,000 level. The crypto market cap reached ATH above $1.2t but has retraced as most altcoins have also corrected slightly. Cardano is the main exception, with a massive 20% surge to a new 3-year high.Bitcoin Touched $41K But RetracedThe primary cryptocurrency was gradually increasing in value since Monday’s dip until it broke above $37,000 a few days back. However, the bulls pulled it...

Once again, it appears the news has been working hard to ensure bitcoin is covered in all its crypto-related headlines while turning its back on all the smaller, competing altcoins that have seemingly been doing better at press time.Bitcoin Is Outshining Many Stronger CoinsNo doubt that bitcoin appears to be getting back on track as of late. After a heavy drop that saw the currency lose roughly $10,000 off the $42,000 high it attained in early January, the currency is back on track to hitting...

After losing a substantial share of its market dominance lately, bitcoin has recovered some of the losses by nearing $40,000. This comes even after some altcoins have gained value, including yet another record for Binance Coin above $70.BTC Eyes $40K, Recovers Some Lost DominanceDespite gaining a few thousand dollars since Monday’s dip to $32,000 to about $37,000, bitcoin remained in the shadows while some alternative coins took the main stage. Consequently, they reduced BTC’s dominance over...

Visa – one of the largest credit card companies in the world – has announced plans to roll out cryptocurrency-buying services soon.Visa Is Working to Make Crypto the Future of MoneyOver the years, the credit card firm has become one of bitcoin’s biggest supporters despite not thinking much of digital assets for a time. Since then, however, it has forged relationships with approximately 35 separate bitcoin and cryptocurrency-related firms and hopes to make it so that digital currency can take...

The finance minister of India Nirmala Sitharaman is putting a lot of people’s fears to rest given that her recent budget speech left out cryptocurrencies completely. While this may seem like the wrong move to make, it has seemingly calmed many viewers given that India has long been debating whether it should potentially instill a full ban on all crypto-related activity.India Is Moving in Another Direction with CryptoIndia first instilled a ban on all business partnerships between crypto firms...

This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day.Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days, dipping below $33,000 on a few occasions. However, it was on Tuesday when the price started going up, reaching a weekly high at just shy of $39,000 before settling to where it’s currently...