Markets

Decentralized finance tokens have outperformed their crypto brethren over the past month, with some hitting two-year highs. As the nascent industry keeps growing, which ones will be next?DeFi has been the darling of the crypto industry over the past month, doubling in total value locked (TVL) in just a few weeks. A new all-time high of $2.12 billion has just been reached, according to Defipulse.com. This represents the dollar equivalent value of all the crypto collateral locked in smart...

ADA is now trading above 2019’s high following a 58% growth in 7 days.The price is now approaching the 1500 SAT level with strong bullish momentum.ADA/USD: Cardano Surges 28% After Crossing $0.1 Key Resistance Levels: $0.16, $0.2Key Support Levels: $0.11, $0.094ADA/USD. Source: TradingViewThe second half of the year is again looking promising for Cardano as it starts a new increase above the $0.094 level. In fact, the price is now trading above 2019’s high following a 58% growth in 7...

Numerous alternative coins are booming during the past 24 hours, while Bitcoin remains stable. Consequently, this has raised the question of whether or not the cryptocurrency market is entering another altcoin season.Altcoins PumpingThe majority of the market is well in the green today, with some impressive gains from altcoins. Yet, none has increased its value from the top 100 coins by market cap more than Dogecoin (DOGE).Its surge of over 50% means that DOGE is now trading at $0.0043 and 46...

ADA price is up over 20% and it broke the key $0.1000 resistance area against the US Dollar.The price traded close to the $0.1400 level and it is currently consolidating gains.There is a major bullish trend line forming with support near $0.1100 on the 4-hours chart (data feed via Kraken).The price could correct a few points, but dips remain well supported on the downside at $0.1200.Cardano price is gaining bullish momentum against the US Dollar and bitcoin. ADA price surged more than 20% and...

Bitcoin price is rising steadily above $9,200 and the 55 simple moving average (4-hours).It is currently facing a heavy resistance area near the $9,350 level.There was a break above a major bearish trend line with resistance near $9,090 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must settle above the $9,350 resistance level to start a sustained upward move.Bitcoin price is trading in a bullish zone above $9,150 against the US Dollar. BTC must gain bullish...

Kenya’s local cryptocurrencies are helping communities survive the coronavirus crisis. One example is the recently-launched Sarafu, which is used alongside the Kenyan Shilling to make payments locally.Crypto Industry is Not Only About SpeculationThe cryptocurrency market is normally discussed from the perspective of investment opportunities. However, many coins and tokens have a real utility that may change lives.The global financial crisis triggered by the COVID-19 pandemic has hit African...

HitBTC, one of the leading digital asset exchanges in terms of market liquidity and trading pairs,  has rolled out margin trading for its main platform. This new feature allows users to open positions of a larger size with a smaller initial deposit by using additional funds that are provided by a margin lender.The platform has also released a mobile version of its trading platform for iOS devices. Available in the App Store, HitBTC for iOS joins the exchange’s Android application among its...

Binance is expanding its portfolio of acquisitions with Swipe. The deal is expected to further help the adoption of cryptocurrencies in different markets.As a leader in the blockchain industry Binance has once again shown its crypto market dominance after it announced a new strategic acquisition. According to a news update published on its official webpage, Binance has completed the acquisition of Swipe, a platform that enables users to buy, sell, convert and also utilize their crypto assets....

Microsoft (MSFT) stock price is moving higher pushing its way to new records. Will 2020 be a good year for the Redmond Washington software giant?Microsoft Corporation (NASDAQ: MSFT) stock price is up now after a slight fall in the pre-market. This is occurring at a time when the software giant is growing by leaps and bounds. The COVID-19 pandemic has proven to boost Microsoft (MSFT) stock price. The reason for this is significant increases in several Microsoft business units.At the time of...

The Palantir IPO is expected to take place after the SEC completes its review process which can take up to 16 weeks.Data analytics company Palantir Technologies has confidently filed for listing with the Securities and Exchange Commission (SEC) relating to its Class A common stock following a report that the company is in the league to raise over $1 billion about a week ago. Palantir is riding on the tide of the growing economic indices to push forward its IPO.The Palantir IPO according to...