Markets

Ethereum price is eyeing an upside break above the $2,400 resistance against the US Dollar. ETH price is now trading above $2,300 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $2,280 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,340 support zone. Ethereum price is consolidating above the $2,350 level against the US Dollar. ETH/USD could rise...

Despite India’s controversial crypto policy and lack of clarity in several aspects, the country emerges as the top market. According to a new report by crypto exchange CoinDCX, 28 Indian entities became ‘FIU-Registered Reporting Entity.’ India emerged as a global crypto adoption leader, reflecting sustained interest and robust demand for digital assets. India Defies Crypto Skepticism CoinDCX’s year-end report for 2023 shared with CryptoPotato revealed that 60% of the user...

What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came down hard on key players in the market, one of the biggest and most influential CEOs pleaded guilty to a criminal charge, and the hype around a spot Bitcoin...

TL;DR Bitcoin’s Bullish Forecasts: Enthusiasts and experts, including Adam Back, envision Bitcoin surpassing gold’s market cap, with potential peaks reaching as high as $700,000 per coin. Bearish Perspectives and Risks: Contrarily, figures like Peter Schiff express skepticism, cautioning about a potential bubble and decline in Bitcoin’s value, especially with the launch of a spot Bitcoin ETF. Bitcoin’s Strong Performance in 2023: Despite challenges, including banking crises...

Meme coins displayed high profitability in 2020, leading to what many refer to as the meme craze. The cryptocurrencies have lost their appeal since then, causing many investors to remove them from their portfolios. However, recent events in the meme sector indicate they’re one of the top altcoins to buy in preparation for 2024. What’s more surprising is that some analysts look more optimistic about new and innovative meme coins like $BONK and $GFOX. TRON could introduce a new...

Cardano (ADA) is undergoing a bullish run as its value increased 56% in December, getting the attention of major crypto analysts. Polygon (MATIC) is also heading in a green direction and could soon rise even further. However, Meme Moguls (MGLS) also attracts attention as the project promises can completely change how traders engage with meme-inspired assets. Cardano (ADA) Projected to Spike in Value According to Dan Gambardello Cardano (ADA) saw a major upswing of 56% in the...

TL;DR Ripple had several partial legal victories against the SEC in 2023, including a ruling favoring its XRP sales and the clearing of its executives from allegations. The court’s decisions led to positive market reactions for XRP, with major cryptocurrency exchanges re-listing the token. The final trial in the Ripple-SEC lawsuit is set for April 2024, with outcomes eagerly awaited by the cryptocurrency sector, as they could significantly influence the market and regulatory...

Stellar lumen price started a downside correction from the $0.1380 zone against the US Dollar. XLM price is now trading near $0.1300 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1280 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1315 and $0.1355 resistance levels. Stellar lumen price is trading above $0.125 against the US Dollar, like bitcoin....

XRP price started a fresh decline from the $0.658 resistance against the US dollar. The price is now trading below $0.625 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.619 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.584 support zone. XRP price is struggling below $0.650 against the US Dollar, unlike Bitcoin. The price could...

The widely anticipated approval of over a dozen spot Bitcoin exchange-traded funds (ETFs) in the United States could be a sell-the-news event that would cause the price of BTC to move in the opposite direction. According to the latest weekly report from market analytics platform CryptoQuant, the prediction is substantiated by market participants sitting on high unrealized profits from BTC’s recent ascent. A Sell-the-news Event Applicants for the spot Bitcoin ETFs have been in...