Category: Analysis
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Ethereum shows strong outperformance of ERC-20 tokens as many fade to darkness
ERC-20 tokens have become a large component of the Ethereum ecosystem, but many of them have seen unprecedented losses throughout the past year, with only a handful being able to outperform ETH. Recently released data from a popular analyst highlights the mixed performance seen by this digital asset class, showing that the vast majority of…
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Analyst claims XRP may never recapture $1.00 as its underlying health degrades
In the time following the insane crypto market bull run in 2017, XRP has consistently been one of the worst-performing assets, seeing a notable 40 percent decline in 2019 while failing to track the full extent of the aggregated market’s uptrend throughout 2020. Analysts are now noting that the cryptocurrency could be positioned to see…
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Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”
To most, Bitcoin’s rally from literal irrelevance to becoming one of the most valuable assets in the world is hard to explain. The critics say that the value of the cryptocurrency is entirely based on speculation by foolish retail investors willing to buy into what they think is a Ponzi scheme. Thus, when a quantitative…
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Bitcoin reclaims key logarithmic growth curve as the case for upside grows
Bitcoin’s intense uptrend seen in the time following its mid-March meltdown has allowed it to put some significant distance between its current price and its recent lows, nearly erasing all of the losses that were incurred in the time following its late-February downturn. The latest push higher has allowed BTC to reclaim its position within…
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Ripple reveals only $1.75 million in OTC institutional sales but massive XRP trade volumes in 2020
Ripple Lab’s Q1 Markets Report for 2020, a quarterly publication detailing XRP’s growth, revealed a massive 90 percent drop in institutional token sales compared to the last quarter of 2019. On the plus side, however, the firm saw a significant uptick in trading volume and a successful cross-border project. Fading institutional interest? Published on April…
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Bitcoin fully recovers to pre-crash levels, but signs of a pullback are still on the horizon
Bitcoin has managed to fully recover as optimism grows around the upcoming halving, but a renowned analyst suggests that a correction could be underway. Bitcoin is back above $9,000 The bullish impulse behind Bitcoin seen over the past three days allowed it to recover the gains lost during the March market meltdown. The flagship cryptocurrency…
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Here’s why Ethereum’s “hodlers” could ultimately fuel an explosive uptrend
Ethereum has seen notable volatility in recent times, primarily stemming from that seen by Bitcoin and many of its other peers. This has allowed the ETH to rally to fresh post-February highs of $230 overnight, although its push up to this level proved to be highly unsustainable and resulted in it declining back into the…