Markets

Cardano is the blockchain of the future, there’s no doubt about it. Nevertheless, to foster that future we have to build the infrastructure around it. Cardano-exclusive decentralized exchanges (DEXs) are thus critical for the future of decentralized finance. That’s why we’re immensely proud that Do.Exchange (DOEX), a Cardano-based DEX with an Automatic Market Making protocol, has chosen KICK.IO launchpad for its public sale. By making use of self-enforcing smart...

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins. Yet, Charlie Munger – Warren Buffett’s right-hand man – reiterated his skepticism once again recently by indicating that the hype around them is “crazier...

Bitcoin cash price started a fresh decline from $640 against the US Dollar. The price is now trading below the $600 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $570 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $600 for a fresh increase in the near term. Bitcoin cash price is showing bearish signs below $600 against the US Dollar, similar to bitcoin....

2TM Participacoes, the parent company of Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has recently raised $50 million from investors to further its expansion project. Crypto Service Expansion in LatAm According to a Tuesday report by Bloomberg, the company will use the funds to increase its product offering and expand its services to other Latin American markets, including Chile, Argentina, Mexico, and Colombia. 2TM’s funding round received support from several...

Key Support levels: $1.5 Key Resistance level: $1.9 ADA found good support on the $1.5 level, and today, bulls moved the price closer to the key resistance at $1.9. If they can sustain this momentum, then ADA has a good chance to break above it and start a new rally. This price action is also a significant sign of strength, particularly when most of the market is in red today. Chart by TradingViewTechnical Indicators Trading Volume: Today, the volume was good from the bulls,...

At the stage of the 2021 Global ETP Conference, Sohn Byung-doo stated that the digital asset industry is not very different from capital markets. The exec emphasized the need for investor protection and transaction stability support. The KRX Chief Wants To Study Crypto So far, Bitcoin and cryptocurrencies remain outside the domestic regulatory scope that covers the traditional financial sector. On that note, Byung-doo highlighted the growing number of crypto investors in...

Key Support levels: $0.89 Key Resistance level: $1 The bulls did not have enough strength to keep XRP above $1 despite a worthy attempt two days ago. Price only spent a day above $1 before losing this level. Since then, the cryptocurrency has been falling towards the support at $0.89, and $1 remains the key resistance. This shows that bears continue to control the price action. Until bulls reclaim and hold prices above $1, XRP is unlikely to draw much attention from the...

EOS price started a fresh decline from the $4.15 resistance against the US Dollar. The price is now trading below $4.00 and the 55 simple moving average (4-hours). Earlier, there was a break above a major bearish trend line with resistance near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down below the $3.85 and $3.80 support levels. EOS price is showing bearish signs below $4.00 against the US Dollar, similar...

Litecoin price is facing resistance near the $220 zone against the US Dollar. LTC price is now trading near $205 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $211 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $200 support. Litecoin price is consolidating above $200 against the US Dollar, similar to bitcoin. LTC...

November was a month full of ups and downs. The total cryptocurrency market capitalization remained flat at around $2.65 trillion, but Bitcoin’s price is down a little more than 6% throughout the same period. This means that altcoins stepped up, which can also be confirmed by the declining BTC dominance. Bitcoin’s share relative to that of the entire market is down about 3% in a month. With this in mind, we’ve decided to take a look at the top 10 best-performing...