Markets

Dogecoin leveraged on the crypto bull run of earlier this year as its price-performance pushed it into the top 10 ranking of crypto assets by market cap and its price peaked at new all-time highs.Dogecoin (DOGE) might have been in the news lately for its incredible price performance and the new level of publicity it is enjoying amongst crypto enthusiasts, however, emerging new details of the features appear to show that the developers of the coin are working towards making the hype...

PlanB, the creator of the well-known Stock-to-Flow (S2F) Bitcoin model, took it to Twitter to provide an update on how the cryptocurrency is performing following the latest developments in the market.BTC continues to follow the S2F cross-asset (S2FX) model “like clockwork,” despite the most recent correction and is still on track to reach $288,000 by 2024.What is the S2FX?First things first, the stock-to-flow cross-asset model takes a new approach compared to the stock-to-flow model. It...

XRP/USD – Bulls Find Support At .618 FibKey Support Levels: $0.4, $0.35, $0.327.Key Resistance Levels: $0.45, $0.5, $0.556.At the start of last week, XRP was looking promising, reaching as high as $0.685 (1.272 Fib Extension). However, things changed quickly as soon enough the coin had dropped to around $0.56.From there, XRP started to head lower throughout the week as the overall market saw a downturn. It quickly collapsed beneath $0.5 and continued until the market found support at $0.4,...

Stellar lumen price started a sharp decline from well above $0.5000 against the US Dollar. XLM price is now consolidating well below $0.4500 and the 55 simple moving average (4-hours). There is a major triangle forming with resistance near $0.4490 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase if there is a clear break above the $0.4500 resistance zone. Stellar lumen price is correcting losing from $0.3400 against the US Dollar,...

Ripple price failed to stay above $0.5000 and declined sharply against the US dollar. The price is now trading well below the $0.450 zone and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $0.4320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue lower towards the $0.3500 support zone in the near term. Ripple price is started a fresh decline below $0.5000 and $0.4500...

At the time of writing, bitcoin – the world’s number one digital currency by market cap – isn’t doing so hot. The currency has fallen to about $46,000 per unit at press time, meaning it is now about $10,000 lower than where it stood during the early portion of last week. Things are not looking good for the asset, but how much of this is just part of a healthy correction? Bitcoin Has Taken an Ugly Dip As it turns out, things may be a little more extreme than normal. While...

Bitcoin has taken a turn for the worse, but while the move may not look great on paper, it turns out things are going quite well for some of the institutional traders that have yet to step into the cryptocurrency arena. Many institutions are using the recent bitcoin price dip as an opportunity to buy at a lesser price and get their fingers on an asset that many companies have been going crazy over for the past six months. Bitcoin Has Taken an Ugly Stumble Things really...

Coinbase is known for storing cryptocurrency and allowing its many customers to trade digital assets. However, what we didn’t know was that the company also did its own investing in crypto as well. We’re Learning a Lot About Coinbase As it turns out, the company has become of the first major cryptocurrency exchanges to file for a public listing. In doing so, a lot of information has come out about the firm that many traders were unaware of prior, a big one being that...

Bitcoin seems to be going from bad to worse, with another 7% price drop today.BTC decreased by a total of $3,300 today as it dropped below $47,750 and also beneath the important support at $44k.The cryptocurrency continued to spike downward, reaching as low as $43,000 before a slight rebound, as of now.Looking at the short-term 4-hour charts, Bitcoin dropped off the support at the 200 EMA today as it broke beneath $44,750.However, there might be some hope for the bulls. BTC might be forming a...

ETH/USD – Market Returns To January 2018 Previous ATHKey Support Levels: $1400, $1291, $1250, $1200.Key Resistance Levels: $1400, $1465, $1500, $1600.Ethereum is now down by a total of 30% over the past seven days of trading. The cryptocurrency had spiked above $2000 only last week as it hit the upper boundary of the following marked ascending price channel. From there, the coin retraced, broke down the price channel and lost over $600 of its value.It happened on Monday, that ETH price closed...