Altcoins

Ripple price is still consolidating above the $0.2300 and $0.2350 support levels against the US dollar.The price is trading well below the $0.2550 resistance, but it is above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $0.2395 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue higher above $0.2500 as long as there is no close below $0.2300.Ripple price is trading in a range above the $0.2300...

The majority of voters in a recent poll have indicated that they had entered the cryptocurrency space more than three years ago. In contrast, 9.4% said that they had come around in the past three months during the DeFi boom.43% Crypto VeteransAlthough the cryptocurrency community emerged relatively recently with Bitcoin’s creation in 2009, it’s a continuously growing field that attracts new participants with its unique features. A recent poll aimed to shed some light on when the voters had...

On September 12, 2020, CZ, the CEO of Binance, the leading cryptocurrency exchange, shared with his followers an unfortunate accident that led to a client losing $20,000 in the blink of an eye.In a tweet, CZ told the story of a user —whose identity he did not reveal— who sent 800BNB (about $20,000) to the wrong address. The transaction was made on the Binance Smart Chain, so the user, in his desperation, “begged” for Binance for help, considering that the exchange is responsible for...

In terms of sheer price action, this week was rather sloppy. Bitcoin was trading at around $10,400 seven days ago, and it’s now indecisive around $10,300.During the week, things did get slightly more tumultuous as BTC dipped below $10K on a few occasions, reaching as low as about $9,800 on Binance. Many thought that this is when it would close the outstanding CME gap at $9,600, but Bitcoin recovered and remains largely indecisive.It’s worth noting, though, that the primary cryptocurrency is...

YFI took the crypto world by storm last month when it did the unthinkable and surged higher than Bitcoin’s price at the time.Since its launch in mid-August, the DeFi token pumped monumentally to top out at around $39,000. It is a prime example of demand through scarcity as the big draw for this asset is the fact that there are only 30,000 in existence.Since that giddy height, YFI retreated back to around $18,500 on September 5th. The news that Coinbase Pro will be listing the token has given...

Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360.Bitcoin Stopped At $10,500The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even increased towards its previous 2020 high at $10,500 yesterday. However, the bears stopped it before having the chance to conquer it. Ultimately, BTC...

EOS is currently consolidating losses in a range above the $2.665 support against the US Dollar.The price is facing many hurdles near $2.850, $3.000, and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $2.750 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could nosedive if it continues to struggle near the $3.000 resistance zone.EOS price is showing a few recovery signs against the US Dollar, similar...

Litecoin price is currently consolidating losses above the $45.00 and $46.00 support levels against the US Dollar.LTC price is currently testing the $49.20 resistance level and it is well below the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $49.25 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $49.50 and $50.00 resistance levels to move into a positive zone.Litecoin price is currently...

Stablecoins, which make up a huge chunk of those steep fees, could all switch to Layer 2 for some relief, according to one industry expert.Yearn Finance founder, Andre Cronje, has suggested that USDC and USDT will soon be available on Layer 2 as stablecoins make the transition away from Ethereum.USDC and USDT will soon both be available on L2.This will allows non-congested transfers of USDC and USDT.This is great if you do payments in USDC and USDT.From my experience USDT and USDC are trade...

ADA price extended its decline below the $0.1000 support zone against the US Dollar.The price is currently consolidating above the key $0.0850 support, but it is below the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if it clears the $0.0950 and $0.1000 levels in the near term.Cardano price is currently consolidating above $0.0850 against the US...