Markets

ADA price started a fresh increase after it tested the $1.10 support zone against the US Dollar. The price is still trading well below $1.75 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.400 and $1.350. Cardano price is facing a major barrier near the $1.700...

Ethereum price declined below $2,000 before starting an upside correction against the US Dollar. ETH price is still below $3,500 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,000 on the 4-hours chart (data feed from Coinbase). The pair must clear the main $3,000 resistance to start a fresh increase in the near term. Ethereum price started an upside correction from the $1,750 zone against the US Dollar....

Bitcoin has seen its harshest days recently. The world’s number one digital currency by market cap lost approximately 35 percent of its overall value and has dropped from the mid-$50,000 range, which is where it was in late April and early May, to about $36,000 per unit at press time. Many analysts and financial institutions are beginning to write the currency off as dead or dying, but according to two separate individuals, things are about to become much steadier....

Krool Toys explained that the game is available through an online platform, but only select NFT holders will get the chance to win physical gifts.New York-based multidisciplinary creative studio Krool Toys has unveiled a new video game that depicts market activities around Elon Musk and Dogecoin. According to the firm through a press release, the game referred to as Dogémon is an adaptation of the popular Gameboy video game Pokémon.Notably, Krool Toys partnered with Rarible to actualize the...

Coinbase stock is relatively dependent on the cryptocurrency industry which can explain its volatility.Coinbase Global Inc (NASDAQ: COIN) stock was up approximately 2% on Monday, May 24 at 9.46 am EDT and trading around $228.85 according to market analytics provided by MarketWatch. The rebound coincided with a rebound that happened in the cryptocurrency market during the past 24-hours whereby Bitcoin, Ethereum, and Binance coin were up approximately 11.5%, 22%, and 28% respectively.Coinbase...

Bitcoin’s bull market will endure and resume, pointed out the popular crypto analyst – Willy Woo. He came to this conclusion after indicating that BTC’s network has kept expanding during this crash. Interestingly, further on-chain data support this narrative. BTC Bull Run Intact Ever since bitcoin peaked at $65,000 in mid-April, the cryptocurrency has been on a downfall. After nosediving below $60,000, the situation worsened earlier in May following negative news from Tesla...

After reportedly leading Coinbase’s public offering earlier this year, the giant US investment bank Goldman Sachs predicted a bright future for the exchange’s shares. In a recent report, Goldman has put up a “buy” rating for COIN and predicted a 35% increase by the end of the year. One of the most notable developments coming from the crypto industry so far this year was Coinbase’s plans to go public. The company indeed did so through a direct offering in April, and previous...

As cryptocurrencies continue to experience massive volatility, Barry Silbert, founder, and CEO of Digital Currency Group (DCG), the parent company of Grayscale and other crypto firms, believes that the next move of the asset class will be determined by what happens in the stock market in the coming weeks. “Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks,” Silbert tweeted today. Silbert’s latest statement follows an...

ADA now bagged the fourth spot once again this time, blowing past Binance Coin (BNB) which has endured a horrid week, after losing 47.7% of its value.Cardano (ADA) amidst the current chaos in the crypto market has overthrown Binance Coin (BNB) to grab the fourth spot on the cryptocurrency ladder. The crypto market has been in red for some days now, with most of the biggest digital currency, Bitcoin, slipping as its price has plummeted, touching the $30,000 mark, a 16-week low, and taking most...

The Chia network Version 1.1.6. is expected to solve some of the existing challenges including significant syncing and performance improvements.Chia Network native coin Chia (XCH) was up approximately 3.5% and trading around $765.21 at the time of reporting according to market data provided by CoinMarketCap. The Chia ecosystem has attracted notable cryptocurrency retail traders and also tech enthusiasts since its inception. In a bid to upgrade its system to handle the heightened workload due...