Altcoins

Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then.In the four short days since the halving, Bitcoin increased from $8,550 to where it currently trades at around $9,380. This marks an increase of about 11%. As a matter of fact, BTC tested...

Omisego remains among the best-performing cryptocurrency this week following a massive 35% surge in a few days.The bulls regained control of the market after a week downward correction.After touching $1 mark today, the price is now facing crucial resistance levels.OMG/USD: Omisego Touched $1 After Huge BreakoutKey Resistance Levels: $1.14, $1.372Key Support Levels: $0.945, $0.81OMG/USD. Source: TradingViewThe latest surge in Omisego’s price was characterized by a strong bullish candle (from...

Bitcoin cash price started a fresh decline after it failed near the $280 resistance against the US Dollar.The price declined below the key $250 and $245 support levels.There is a key ascending channel forming with support near $235 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either break the $245 resistance to continue higher or decline further towards $215.Bitcoin cash price is correcting losses from the $217 low against the US Dollar. BCH/USD must stay...

Here’s something you don’t see every day. A standard financial institution is backing crypto. J.P. Morgan – arguably one of America’s biggest banking firms – has announced its support for cryptocurrency exchanges like Coinbase and Gemini in New York.J.P. Morgan Is A Huge AdvocateThis is a major step forward in the right direction, and sure to make cryptocurrency far more mainstream and legitimate. It also represents a huge change for the CEO of the bank Jamie Dimon, who in the past, has often...

Bitcoin buyers on Coinbase tend to go on to experiment with altcoins, and BTC could be acting as a gateway drug.That’s according to new research by Coinbase, which showed that among customers with at least five purchases, those who bought Bitcoin first were more likely to spread out into the altcoin market too.The blog post made clear Bitcoin’s sustained dominance among Coinbase customers, but also noted a growing interest in alternative assets. The post notes:“The data bears this out. Among...

EOS price started a sharp decline after it failed to stay above $3.00 against the US Dollar.The price broke the key $2.600 support and traded as low as $2.169There is a major bearish trend line forming with resistance near $2.600 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair must climb above the $2.600 resistance zone to move into a positive zone.EOS price is currently correcting higher above $2.400 against the US Dollar, while bitcoin is rising. The price must...

Litecoin price declined heavily after it failed to clear the $50.00 resistance against the US Dollar.LTC price traded as low as $39.40 and it is currently correcting higher.There was a break above a short term contracting triangle with resistance near $42.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could spike towards the $44.00 and $45.00 resistance levels in the near term.Litecoin price is showing sign of a decent upward move against the US Dollar and...

Token developers are beginning to tokenize themselves on the Ethereum blockchain.Ethereum Is Getting A Load of Additional CoinsThe developers add their names to specific coins that they mint or create which individuals can then use to garner services from the developer in question. These tokens can access content they’ve created, be used to garner advice, or utilize their time for projects. The purpose is to garner additional funds for developers’ services, but it’s receiving a lot of...

Ethereum continued to trade in a range between $190 and $200.Against Bitcoin, the price may dip lower if the 0.021 BTC support fails to provide a rebound.The trend remains in a downward range on the 4-hours chart.ETH/USD: Ethereum Pushes Toward $200Key Resistance Levels:  $200, $215, $226Key Support Levels: $175, $166, $152.6, $141ETH/USD. Source: TradingViewThe recent crash in Bitcoin’s price from $10000 to $8150 pulled major altcoins in a downward spiral, including Ethereum, which is now...

ADA price is trading in a positive zone above the $0.0450 support against the US Dollar.The price is likely to surpass the $0.0520 and $0.0540 resistance levels.There is a key contracting triangle forming with resistance near $0.0520 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but it is likely to remain well bid above the $0.0450 support.Cardano price is showing a few positive signs above $0.0480 against the US Dollar, similar to bitcoin. ADA price must climb...