Bitcoin’s impressive performance has shut the mouths of several skeptics who have had to acknowledge that -at least since the last few years- there is some merit in investing in this cryptocurrency. Jamie Dimon, CEO of JPMorgan Chase, is NOT in this group. The well-known businessman has again doubled down on his views on Bitcoin, asserting that from his perspective, the cryptocurrency lacks any intrinsic value, and he does not advise taking it as a serious investment. The CEO...
Read More »Market Analyst Shares Insights on SoFi Inc’s Long-Term Growth Prospects
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Read More »Bitcoin Has Boomed By Another $4,000
The bitcoin and cryptocurrency spaces are really starting to pick up speed. At the time of writing, the world’s primary digital currency by market cap is trading for just over $54,000, which is about $4,000 higher than where it was just a few weeks ago. Bitcoin Continues to Make Its Mark On the World The currency typically experiences bearish activity in September. In 2020, for example, the currency fell to about $10,000 per unit from $12,000 during the previous month....
Read More »Stellar Lumen (XLM) Price Eyes Fresh Rally Above $0.36
Stellar lumen price started a steady increase above $0.3000 against the US Dollar. XLM price is now trading above $0.3200 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken). The pair could start a fresh rally if there is a clear break above the $0.3600 resistance zone. Stellar lumen price is trading well above $0.3000 against the US Dollar, similar to bitcoin. XLM...
Read More »The Importance of Market Insights to Crypto Investors
If you are one of the investors who look at statistics before venturing into any trade, odds are you would have come across some mind-boggling information in your time. One such interesting statistic is the number of successful cryptocurrency traders. According to studies, only about 5% of all crypto traders are successful in the long term. So, why is crypto trading “hard” for the average investor? How can the Dohrnii Foundation change this? Market insights are crucial...
Read More »Ripple Price Analysis: Bulls In Control Above $1.10
Ripple price started a steady increase above the $1.00 resistance against the US dollar. The price is now trading above $1.10 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.120 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue higher as long as it is above the $1.10 support zone. Ripple price is showing positive signs above $1.10 against the US Dollar, similar to...
Read More »Bitcoin Skyrockets to 5-Month High: Dominance Soars as Altcoins Lose Value Against BTC (Market Watch)
The price of bitcoin went on another run in the past 24 hours and briefly exceeded $57,000 for the first time in five months. Most alternative coins seem left behind as BTC’s dominance continues to increase. Bitcoin Touched $57K It’s safe to say that BTC has returned to its bullish trajectory after it recovered from its sub-$41,000 dips two weeks ago. In the days that followed, the cryptocurrency added a significant chunk of value, broke above $50,000 for the first time in a...
Read More »Surpassing S&P500, Apple, Google, Gold and Silver: Bitcoin is Up 90% Year to Date
Bitcoin stands at $55,000 today, as of writing these lines. This means it’s about 90% up since the beginning of 2021. While that’s impressive on its own, what’s even more notable is BTC’s performance compared to other well-known investment tools such as some of the most popular stock market indexes, the world’s largest companies, and precious metals like gold and silver. BTC vs. all others – YTD 2021. Source: TradingViewS&P500 and Nasdaq Left Behind The primary...
Read More »Analysis: The Distinction Between Bitcoin’s Market Cycles in 2017 and 2021
This analysis takes a closer look at some of Bitcoin’s structural market metrics and compares the current cycle to that of 2017. The following is compiled by on-chain analyst CryptoVizArt for CryptoPotato. Bitcoin’s NVT NVT estimates the values of the network using its on-chain investor volume. As crypto analyst Willy Woo initially introduced this model, NVT Price is calculated by multiplying on-chain volume by the 2-year median value of NVT-Ratio (Market cap / Total on-chain...
Read More »Bitcoin Dominance on the Rise as BTC Eyes $56K (Market Watch)
Following yesterday’s price slide below $54,000, bitcoin has started increasing in value once more and has neared $56,000. Although some altcoins like XRP and DOT have charted notable gains in the past 24 hours, BTC’s dominance has also risen. Bitcoin Aims at $56K The primary cryptocurrency exploded above $50,000 on October 5th and hasn’t looked back since. Just the opposite, it has been mainly on the offensive, which resulted in tapping $56,000 a few days ago for the first...
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