Category: Analysis

Crypto investor sentiment hits “extreme greed” levels for first time since 2019

Bitcoin currently appears to be in a somewhat precarious position as it struggles to break above its $12,000 resistance, causing the entire crypto market to see some turbulence. Today, this resistance led the crypto to see a sharp selloff that sent its price reeling down towards $11,300, where bulls eventually stepped up and slowed its…

August 11, 2020
Top VC says that Ethereum and Bitcoin may race each other to $1 trillion valuation

Ethereum has seen extreme growth over recent weeks. According to CryptoSlate data, the cryptocurrency is up by 68.5 percent in the past month, outpacing effectively all other multi-billion-dollar assets in existence. With the recent move higher, ETH now has a market capitalization of $44 billion, making the cryptocurrency the size of a medium-to-large corporation. Recent…

August 11, 2020
Bitcoin options market shows it is “open air” for BTC after $14,000

Bitcoin is currently caught within another bout of sideways trading as its price hovers within the upper-$11,000 region. This trend comes close on the heels of the strong multi-week upswing that allowed it to climb from lows of $9,000 to highs of $12,100 that were set yesterday evening. The lower-$12,000 region has been established as…

August 10, 2020
Binance announces Yearn.finance listing; YFI price rockets to fresh highs

Yearn.finance has been seeing tremendous growth in recent times, with the total value locked (TVL) within the protocol reaching $150m while the YFI token price sees significant organic growth. This growth was further perpetuated overnight after news broke regarding the token garnering a coveted listing on cryptocurrency trading platform Binance. This listing put a firm…

August 10, 2020
Ethereum and other top altcoins could soon surge yet again: here’s why

After consolidating for a number of days as Bitcoin pushed past $10,000 and $11,000 last week, the altcoin boom is back in full swing. A brief glance at CryptoSlate’s market leaderboard shows that many small-cap and medium-cap altcoins are decisively in the green, posting gains of literally dozens of percent. Band Protocol (BAND) is up…

August 10, 2020
Vitalik Buterin highlights the importance of EIP-1559 to Ethereum’s supply

There’s been much controversy over recent days over Ethereum’s supply. As reported by CryptoSlate, Bitcoin proponents criticized how data sites tracking the second-largest cryptocurrency could not come to a consensus on the exact supply of ETH in circulation. After days of discourse, the discussion has since shifted to a criticism of the cryptocurrency’s lack of…

August 8, 2020
This key comparison shows Band Protocol (BAND) has massive room for growth

Band Protocol (BAND) – a decentralized oracle network – has recently become one of the hottest DeFi coins, with news of multiple integrations and a Coinbase Pro listing sending its price to fresh all-time highs earlier this week. The cryptocurrency has been able to hold on to most of these gains and has amassed a…

August 8, 2020
Zeus Capital asserts Chainlink will “dump” despite LINK rallying to $10

While Bitcoin and Ethereum have stagnated at local highs, Chainlink (LINK) has been pressing higher and higher over recent days. This comes after the popular altcoin underwent a 22 percent retracement from the middle of July to early August. Per CryptoSlate market data, the asset trades at $10.61 as of this article’s writing. LINK peaked…

August 8, 2020
“How many Ethereum in circulation?” asks the Bitcoin community

The great Ethereum supply debate is on—and it’s turning fierce. If you don’t follow; the network’s infinite supply has been a point of many discussions since its inception in 2015. That means unlike Bitcoin (and thousands of other cryptos), there’s no “cap” to how many Ethers can exist in the open market — with the…

August 7, 2020
Despite price stagnation under $400, Ethereum fundamentals are still strong

After a 60 percent rally in the span of two weeks, the price of Ethereum is cooling off. Other cryptocurrencies are following suit, printing red price candles as the stock and precious metal markets also take a breather. According to CryptoSlate data, the price of the cryptocurrency trades at $375 as of this article’s writing.…

August 7, 2020