Category: Analysis

Cardano is still the most heavily developed blockchain on GitHub

The latest data from crypto data aggregator Santiment has shown that Cardano is still the number one blockchain by average daily development on GitHub. With an average of 403 daily commits, Cardano has surpassed Ethereum with 369, Polkadot with 322, and Gnosis with 270. And with heavy work currently being done on Goguen and Voltaire,…

December 9, 2020
MicroStrategy shares drop 8% after announcement of $400m debt raise to buy Bitcoin

MicroStrategy has quickly become one of Bitcoin’s biggest supporters in the world of traditional firms and institutions. The business services and analytics company, based in the Eastern U.S., shocked the world when it invested $250 million from its balance sheet into BTC. This took many by surprise for three reasons: This was the first time…

December 8, 2020
Professor: Ethereum could “eat” Wall Street in 5 to 10 years for 3 reasons

Aaron Wright, a professor at Cardozo School of Law, believes Ethereum could “eat” Wall Street in the next 10 years. The professor outlined three key reasons why Ethereum could compete against the traditional financial sector. They are decentralized autonomous organizations (DAOs), non-fungible tokens (NFTs), and personal tokens. Why Ethereum could rapidly evolve in the upcoming…

December 8, 2020
The average DeFi coin is up 50% sice end of October, outperforming Bitcoin’s 38% rally

All eyes have been on Bitcoin over the past few weeks. Just last week, the coin set a new all-time high on most top exchanges, reaching $19,950 on spot platforms and even surmounting $20,000 in the CME’s Bitcoin futures market. Further, the coin has seen an influx of institutional support from some of Wall Street’s…

December 7, 2020
Financial analyst thinks Bitcoin could hit $100,000 in the next nine months

Bitcoin has undergone an extremely strong rally since the March low of $3,500. At the recent all-time highs of $19,950, the coin was up around 470 percent from its March lows. It is the best-performing macro asset since mid-March, unless you count Ethereum. Still, analysts think that Bitcoin has further to rally in the months…

December 7, 2020
CoinGecko challenges CoinMarketCap’s dominance as a crypto market resource

“CoinGecko is locked in a David and Goliath battle to be the site record for crypto financial information.”

December 7, 2020
Here’s why options investors may be bearish on Bitcoin

Investors in the Bitcoin options market could be turning slightly bearish in the near term, order books show. In the options market, the value of call options rises when the price of an asset appreciates. In contrast, the value of put options increases when the price of an asset falls. Essentially, a call option is…

December 7, 2020
Why Bitcoin analysts are expecting weeks of consolidation or correction

The price of Bitcoin is still hovering over $19,000, but on-chain analysts expect weeks of consolidation or a correction to occur. Bitcoin has shown resilience in recent weeks, yet has struggled to break past the all-time high at $20,000 with strength. With many sell orders stacked up between $19,500 and $20,000, analysts expect consolidation to…

December 7, 2020
Bearish on-chain trend seen at Bitcoin’s 2019 peak of $14,000 returns

After falling as low as $16,000 last week and retesting $19,900 yet again, Bitcoin has begun to consolidate in the range around $19,000. Intraday volatility has dropped massively as investors are divided over what comes next for the leading crypto asset. Altcoins have been enjoying this consolidation, with certain names in the decentralized finance space…

December 6, 2020
CEO of $10 billion fund expects Ethereum to gain Wall Street traction this year

Crypto adoption on Wall Street is booming. Well, Bitcoin adoption anyway. These past few months have marked a resurgence in the number of Wall Street investors and prominent firms taking a close look at the leading cryptocurrency and related blockchain technologies. Paul Tudor Jones, a billionaire investor known for outperforming the markets in the 1970s…

December 6, 2020