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Analysts: Defi Is the Element Behind the Massive Growth of Ethereum

Recently, Live Bitcoin News put out a story talking about how strong Ethereum has been over the past few weeks. While BTC has largely been hogging the spotlight and traders and crypto fans everywhere have been talking about how strong it’s been, Ethereum – in many ways – has outdone the jumps and price swings of bitcoin, gaining roughly 300 percent in value in just the last few months alone.Ethereum Has Surged Like There’s No TomorrowNow, the currency is trading at its highest point in...

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EOS Price Analysis: Bulls Likely Eyeing Fresh Rally Above $3

EOS remained in a range below the $2.950 and $3.000 resistance levels against the US Dollar.The price is currently trading near the $2.720 support and the 55 simple moving average (4-hours).There is a major ascending channel forming with support near $2.700 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the $2.950 and $3.000 resistance levels.EOS price is trading in a key range below the $3.000 resistance against the US...

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Litecoin (LTC) Price Analysis: Holding Uptrend Support at $140

Litecoin price struggled to clear the $165 resistance and corrected lower against the US Dollar.LTC price is trading close to the $140 support zone and the 55 simple moving average (4-hours).There is a major rising channel forming with support near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could either start a fresh increase towards $165 or decline heavily below $140 in the near term.Litecoin price is struggling to gain bullish momentum above $150...

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Ethereum Price Can Skyrocket to $10,500 According to Fundstrat

The second-largest cryptocurrency might reach even higher summits, according to strategists from Fundstrat Global Advisors. They envision a bright future for Ethereum by predicting a five-digit price tag.A Possible Price Surge Up To $10,500 For ETH?According to a recent Bloomberg report citing Fundstrat Global Advisors LLC, the largest altcoin could multiply its value seven times.Analysts at Fundstrat consider this week’s rise of ETH as a sign that it may even jump to the five-digit scale....

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Tron (TRX) Price Analysis: Risk of Downside Break Below $0.030

Tron price topped near the $0.0325 level and started a fresh decline against the US Dollar.TRX price is now trading well below $0.0312, but it is near the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.0291 on the 4-hours chart (data feed via Bitfinex).The pair could decline heavily if there is a clear close below $0.0290 and $0.0285 in the near term.TRON price is showing bearish signs below $0.0320 and $0.0325 against the US Dollar,...

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Over 31% of People in Latin America Want to Invest in Bitcoin

Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies.A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic instability.The study, commissioned by Sherlock Communications, includes a survey of more than 2,200 people in Argentina, Brazil, Colombia, and Mexico to...

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Ethereum (ETH) Price Pops Over 13% in Past 24 Hours to Hit ATH

The Ethereum ecosystem has significantly benefited from the booming decentralized finance industry.Ethereum (ETH) market price has jumped over 13% in the past 24 hours to hit its all-time high (ATH) set back during the 2017/2018 bull run. Ethereum market price rallied to slightly above $1435 but had retraced to trade around $1,406.55 at the time of writing according to metrics provided by CoinGecko.Consequently, Ethereum’s market capitalization had topped $161.57 billion with a trading volume...

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Cardano (ADA) Price Analysis: Dips Supported Near $0.32

ADA price rallied above the $0.3000 and $0.3500 resistance levels against the US Dollar.The price is now correcting gains from $0.3982 and it is well above the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $0.3220 on the 4-hours chart (data feed via Kraken).The price is likely to continue higher as long as it is above the $0.3200 support in the near term.Cardano price is correcting gains from the $0.4000 zone against the US Dollar, while...

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Ethereum Price Analysis: ETH Breaks Key Hurdle, Aims New ATH

Ethereum price gained bullish momentum and cleared the $1,250 resistance against the US Dollar.ETH price is currently trading well above $1,300 and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $1,250 on the 4-hours chart (data feed from Coinbase).The pair is eyeing an upside break above the $1,380 and $1,400 resistance levels.Ethereum price is trading in a bullish zone above $1,250 against the US Dollar. ETH/USD is likely to...

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Defi Tokens Are Continuously Outshining Bitcoin

Bitcoin is trading for just over $36,000. Despite a recent $4,000 drop, the asset is still considered to be doing well by analysts and industry experts alike. However, the cryptocurrency is once again being outdone by several smaller coins, particularly those in the decentralized finance (Defi) space.Defi Is Seriously Outdoing the Ranks of BitcoinBitcoin has added roughly 300 percent to its price over the past year. It is the largest and most popular cryptocurrency by market cap, and has thus...

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