Markets

The world of cryptocurrency is going crazy at the time of writing. Many of the biggest assets – including bitcoin, Ethereum, Solana and Ripple’s XRP – have fallen by about seven percent or more, causing the entire industry to lose billions over a 24-hour period. Bitcoin and Other Assets Have Fallen Into Oblivion Traders should be used to this kind of behavior from bitcoin and its altcoins cousins. Sadly, very few are mentally prepared for crashes of this magnitude,...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 XRP’s price is currently consolidating above the key support level at $1. The momentum in the market has reduced, and XRP volatility has been low in the past few days. This is an expected pause after the broad market correction from last week. The key resistance continues to be at $1.2 and might not be tested any time soon since XRP price action shows some indecision on the way forward. Chart by TradingViewTechnical...

LBank Exchange, a global digital asset trading platform, announced that it will list HZM Coin on November 25, 2021. The world’s first Arabic cryptocurrency is taking the global digital asset market by storm, posting record price appreciation since its July launch @ $0.0006. Hazam – Arabic for ‘firmness’ – has attracted the world’s leading asset managers, private equity players and retail investors who are propelling stratospheric returns of the globe’s first ethnically-...

Stellar lumen price started a fresh decline from the $0.4000 resistance against the US Dollar. XLM price is now trading just below $0.3500 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3420 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.3200 support zone in the near term. Stellar lumen price is trading in a bearish zone below $0.3550 against the US...

Ripple price started a fresh decline from the $1.20 resistance against the US dollar. The price is now trading below $1.10 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.06 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is a clear break below $1.00. Ripple price is showing bearish signs below $1.06 against the US Dollar, unlike bitcoin. XRP...

The debate over the feasibility of using Ethereum as the Swiss Army of the crypto-verse is heating up again now that DeFi, gaming, and NFT are enjoying a recent surge in popularity. But the outlook is not very positive considering the current state of affairs. The impact of xcessive fees, long confirmation times, and slow updates is starting to worry retail users, techies, and large investors. Ethereum Developers Should Focus on L1 Faced with the difficulties of delivering a...

The cryptocurrency field has come a long way in the past few years. From a niche market dedicated only to coders, developers, contrarians, and cryptography aficionados, it’s now a trillion-dollar industry that’s making a statement. One of the most definitive testaments to this is the growth of cryptocurrency exchanges and their mainstream adoption. In 2018, TechCrunch reported that the highly-prized domain name “Crypto.com” was bought for $10 million, according to experts,...

Key Support levels: $106 Key Resistance levels: $160 After AVAX turned the previous resistance at $106 into support, the price has not stopped moving higher. The momentum is very strong, and bulls have full control of the market. The next key resistance to consider can be found at $160. Chart by TradingViewTechnical Indicators Trading Volume: The break of resistance happened on good volume. However, the current increase in price appears to happen with a decreasing volume....

Ethereum’s price dropped under $4,000 for a brief period on Thursday before heavily recovering. However, the danger is not over yet, as ETH needs to break above critical key resistance. Key Support levels: $4,000 – $3,850 Key Resistance levels: $4,350 – $4868 (ATH) – $5,075 ETH’s price is currently hovering around the key resistance of $4,350, the level that ETH was unable to close above over the past five days. If failing to do so, ETH is likely to see another drop to retest...

Bitcoin continues its recovery attempts by touching $59,000, while most of the altcoins have remained stagnant since yesterday. Avalanche is once again the most significant gainer. AVAX charted a new all-time high (again) and is close to surpassing Dogecoin in terms of market cap. AVAX on a Roll Most altcoins plummeted in value in the past week or so and tried to bounce off yesterday. Ethereum, for example, went below $4,000 for the first time in over a month shortly after...