Category: Analysis
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Data shows the community of Chainlink “marines” is growing exponentially
Chainlink stole the cryptocurrency market spotlight after the wild price action it has gone through so far this year. The decentralized oracle token surged nearly 200 percent since the beginning of 2020 to hit a new all-time high of $5 in early-March. But, as the global financial meltdown unraveled, LINK’s price plummeted to $1.5, which…
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After burning 10% of its supply, here’s where Binance Coin could be headed next
Binance recently announced that it conducted its 11th quarterly token burn totaling $52.5 million worth of its native crypto, Binance Coin. The world’s largest cryptocurrency exchange by trading volume reported that nearly 3.4 million tokens were taken out of circulation. This staggering amount represents the biggest BNB burn ever recorded. Changpeng Zhao, Binance’s CEO, affirmed…
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Bitcoin ATMs grow by 70% adding over 3,100 machines worldwide
The number of Bitcoin ATMs around the globe have grown substantially over the past year suggesting growing interest from consumers. BTMs popularity is on the rise Bitcoin ATMs, also known as BTMs, are popping everywhere in the world as demand for a convenient onramp to this so-called safe haven asset continues increasing. Data from Coin…
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Bitcoin whale: only this sole fundamental factor would trigger sustainable rally
The Bitcoin price has been stagnant since April 2, rejecting the $7,300 to $7,400 resistance area three times in a span of 18 days. Joe007, arguably the biggest whale on Bitfinex, is holding a large short position, and is anticipating BTC to see a near-term correction. When asked if a 50 percent price increase from…
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Bitcoin’s active address count hits 9-month highs, but BTC may still be “toast”
Bitcoin has seen some incredible fundamental growth in recent times, with network activity rocketing throughout the year while the crypto sees relatively strong price action in the face of immense global economic turbulence. Another fundamental factor that has shown significant signs of growth throughout 2019 is BTC’s active address count, which just recently set fresh…
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Tezos sees growing utility as analysts remain overwhelmingly bullish
Tezos has been the rising star of the crypto market in 2019 and 2020, with its insane uptrend in recent months only being rivaled by that seen by Chainlink – which was also able to set fresh all-time highs earlier this year. The intensity of this uptrend is showing no signs of slowing down either,…
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Bitcoin spot volume is telling a bullish tale as analysts eye macro bottom
Bitcoin’s overnight break above the resistance it was previously facing at $7,200 has allowed the crypto to significantly extend the momentum that was first incurred when BTC dipped below the support it has established at $6,600 earlier this week. This rally is further confirming that the cryptocurrency’s early-March lows could mark a long-term bottom, as…
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Chainlink is “taking a shot” at another breakout as community growth skyrockets
The aggregated crypto market has seen another notable upswing today, and Chainlink is once again leading the way. Today’s bullish LINK performance comes as the crypto attempts what analysts are describing as another breakout rally that could allow it to begin its journey back up to its early-2020 highs. This momentum may be driven in…