Category: Analysis

The Cardano treasury now holds almost double the funds raised in the 2016 ICO

With over 276.5 million ADA currently sitting in its treasury, it’s safe to say that Cardano has got the back of its community. However, this number becomes even more relevant when considering the fact that the treasury now holds almost double the funds that were raised in the project’s 2016 ICO. The value of Cardano’s…

February 4, 2021
Ethereum (ETH) rockets to a new all-time high at $1,500 as altcoin market cools

After tremendous price surges in decentralized finance coins and many smaller-cap crypto assets, attention is finally returning to Ethereum. The second-largest cryptocurrency by market capitalization is in the midst of shooting higher to new all-time highs as the altcoin market froth starts to cool down. Ethereum currently trades for $1,500 as per CryptoSlate market data,…

February 2, 2021
Ethereum (ETH) rockets to a new all-time high at $1,500 as altcoin market cools

After tremendous price surges in decentralized finance coins and many smaller-cap crypto assets, attention is finally returning to Ethereum. The second-largest cryptocurrency by market capitalization is in the midst of shooting higher to new all-time highs as the altcoin market froth starts to cool down. Ethereum currently trades for $1,500 as per CryptoSlate market data,…

February 2, 2021
Ethereum (ETH) rockets to a new all-time high at $1,500 as altcoin market cools

After tremendous price surges in decentralized finance coins and many smaller-cap crypto assets, attention is finally returning to Ethereum. The second-largest cryptocurrency by market capitalization is in the midst of shooting higher to new all-time highs as the altcoin market froth starts to cool down. Ethereum currently trades for $1,500 as per CryptoSlate market data,…

February 2, 2021
Litecoin’s MimbleWimble privacy upgrade is ready to roll on March 15

The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project. He mentioned improvements to do with stealth addresses, as well as enhancements to the wallet interface. But crucially, Burkett puts a date of March 15 for when he can hand it over to the community for review. January Progress:…

February 2, 2021
Why the Bitcoin price dropped immediately after Musk’s positive comments

The Bitcoin price pumped and fell immediately after Tesla CEO Elon Musk talked about BTC positively on Clubhouse. Musk complimented Bitcoin, stating that it is ready for broader adoption. He said that he is “late to the party,” suggesting that he is now an enthusiast in the dominant cryptocurrency. The 15-minute chart of Bitcoin. Source:…

February 1, 2021
Dogecoin “supporters” turn on DOGE as Reddit-fueled craze ends with 50% correction

For some reason, Dogecoin (DOGE) has been the talk of the town over the past 72 hours. It began shortly after GameStop (GME) peaked this past week. After GameStop hype began to die down largely due to certain trading platforms pausing/restricting GME trading, many on WallStreetBets began to turn to new targets. Due to it…

February 1, 2021
DEX tokens soar as trust in centralized exchanges is eroding

While the past week has been somewhat tumultuous, to put it mildly, for both crypto and stock markets, it looks like digital tokens related to decentralized exchanges (DEXs) are actually having a great time. The sector is in the green across the board as most DEX tokens are up anywhere between 1.3% and 317% over…

January 31, 2021
XRP price spikes as Ripple pushes back against SEC’s $1.3 billion lawsuit

The price of now-embattled cryptocurrency XRP surged by up to 86%—just a day after Ripple Labs filed its response to the U.S. Securities and Exchange Commission’s (SEC) $1.3 billion lawsuit hanging over the company’s head. At press time, XRP was trading at around $0.47 per token, up 55.1% on the day. Simultaneously, the crypto’s price…

January 31, 2021
Analysts say Bitcoin could pop back up after accumulation

The price of Bitcoin fully retraced after surging to around $38,000 in the past 24 hours. BTC initially surged after Tesla CEO Elon Musk put the word “Bitcoin” in his Twitter bio. Since then, BTC has dropped back down to around $33,000, hovering just below $34,000 in the last few hours. Will Bitcoin recover soon?…

January 30, 2021