Markets

The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get their transactions through.Binance Chain to The Rescue?In a tweet on Tuesday, September 1, Binance CEO Changpeng Zhao hinted at a solution without giving...

Investment has been pouring back into the global crypto market and Bitcoin consistently now since August 27, from a low of $348 billion to its current peak at $387 billion – according to data from Coinmarketcap.This influx of capital has helped the leading crypto’s price climb over $800 from it’s monthly low at $11,115, just four days ago, and is now driving BTC back up towards that all-important $12,000 level.Today, BTC has successfully broken out of the tight Fibonacci range it was trapped...

With a massive success for the company despite the COVID-19 economic crisis, the Tesla CEO has added a whopping $87 billion to his personal wealth in 2020. Elon Musk’s net worth currently stands at around $115 billion.Wall Street investors continue to rush and purchase Tesla Inc (NASDAQ: TSLA). On Monday, August 31st, the Tesla (TSLA) stock surged a whopping 12.57%, on the first day of the stock split. The investor-craze around Tesla is so high that the stock continued to surge over 3% in the...

ADA price formed a decent support base above $0.1000 and currently rising against the US Dollar.The price is currently trading above the $0.1180 resistance and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $0.1140 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher above $0.1280 and $0.1350 in the near term.Cardano price is slowly moving higher towards $0.1300 against the US Dollar, similar to...

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...

Ethereum price is rising and it is trading well above the $430 level against the US Dollar.ETH price is likely to accelerate higher above the $448 and $450 levels.There was a break above a major bearish trend line with resistance near $394 on the 4-hours chart (data feed from Coinbase).The pair is currently trading with a positive angle above $440 and the 55 simple moving average (4-hours).Ethereum price is gaining bullish momentum above $440 against the US Dollar. It seems like ETH/USD is...

The leading American exchange Coinbase announced today a renewal of its board of directors, incorporating two prominent experts from the technology industry.In an official announcement posted on Coinbase’s blog, Brian Armstrong, the company’s CEO and co-founder explained that they had made two significant replacements to their board of directors.The Hello’sFirst on the list is Marc Andreessen, co-founder of the venture capitalist firm Andreessen Horowitz, one of the most importnat players in...

The bullish call on SPCE stock comes despite the Virgin Galactic’s operations having been severely affected by the ongoing coronavirus pandemicVirgin Galactic Holdings Inc (NYSE: SPCE) stock was trading 2% up, around $17 during Monday’s premarket. Now it is 1.26% up, at $17.68. Although not a huge spike as observed previously in the stock market, SPCE stocks are set to continue rising and probably reach their all-time high if the market conditions prevail.According to Cowen’s analyst Oliver...

The proposed stock splits of Apple (AAPL) and Tesla (TSLA) could drive future growth up to about 33%.The proposed stock splits of Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) billed to take effect this Monday (August 31) could drive future growth up to about 33% as eToro survey revealed. As reported by Yahoo Finance, the bullish claims made by the trading platform (eToro) is based on a careful trend observation of companies who have effected a stock split in the past. Many of whom...

YFI has undoubtedly been the best performing cryptocurrency of the past month in terms of pricing.The governance token of Yearn Finance was announced on July 17th by Andre Cronje and has since taken off in a way no one probably expected.What started as a “0 value” token is currently trading at around $36,000 and has become the first altcoin since 2016 to flip Bitcoin’s dollar value. Now, the world’s leading cryptocurrency exchange, Binance, has launched YFI futures contracts, allowing traders...