Category: Price Watch

Tezos “Delphi” upgrade goes live with faster transactions and lower fees

The fourth upgrade to the Tezos network went live earlier today at block 1,212,417, as per a tweet by its foundation and code maintainer. The Tezos blockchain was first announced in 2017 and was one of the biggest initial coin offerings at the time. Its mainnet has been active since mid-2018 and has not faced…

November 12, 2020
4 reasons Bitcoin’s climb to $16k is such a volatile rollercoaster

The price of Bitcoin hit $16,000 on November 12 and it is exhibiting extreme volatility. After BTC achieved $16,150, it fell to as low as $15,600 within two hours. There appear to be four major factors behind this volatility. The potential catalysts are a miners’ sell-off, whales taking profit, the significance of the $16,000 resistance…

November 12, 2020
Analyst: Hash rate signal that preceded Bitcoin’s recent 100% rally will soon appear

The Bitcoin hash rate dove strongly in late October. The metric, which tracks how much computational power is being used to mine BTC, fell from approximately 170 exahashes to a low near 90 exahashes per second. Bitcoin transactions subsequently became slow as block times naturally increased. Worrying some investors, the “Hash Ribbons,” a custom indicator…

November 11, 2020
Bitcoin enters “extreme greed” zone as BTC price nears $16k

According to various on-chain metrics, Bitcoin (BTC) is entering the greed zone as price nears $16,000. Alternative’s Fear & Greed Index shows Bitcoin is now hovering in the “extreme greed” area. The metric shows out of 100, the greed level in the Bitcoin market has hit 86. In comparison, in the month of October, Bitcoin’s…

November 11, 2020
Ethereum accidentally “hard forks” after Infura outrage

The decentralized world computer was hit by the reality of having a single point of failure earlier today after an Ethereum client failed to update its software version. Infura, an Ethereum service provider run and maintained by ConsenSys, suffered a service outage this morning causing other services and companies to be temporarily blocked from seeing…

November 11, 2020
One of the biggest crypto funds just bought another $2m of Yearn.finance (YFI)

The DeFi market has undergone a strong surge since it seemingly bottomed late last week. As reported by CryptoSlate previously, top DeFi coins have surged over 100 percent from their lows, becoming the best-performing altcoins of this past week. Market data of the top 15 DeFi coins from CryptoSlate On-chain data suggests that this recovery…

November 11, 2020
3 reasons Bitcoin spot volume reaching new yearly peak is highly optimistic

According to the data from Arcane Research, the spot volume of Bitcoin has reached a new yearly high. This figure is particularly optimistic for the short to medium term trend of BTC because it reflects the growth of real and verifiable trading volume. Since late October of this year, the spot volume of Bitcoin rose…

November 10, 2020
This on-chain indicator confirms the Bitcoin bull market is just getting started

Bitcoin has entered what appears to be a consolidation phase following its latest bout of volatility. Yesterday, the cryptocurrency rallied as high as $15,800 before it lost its strength and reeled all the way down to lows of $14,800. From this point on, its price has been hovering within the lower-$15,000 region, with buyers and…

November 10, 2020
This analyst thinks EIP-1559 could send Ethereum past $1,000 in 2021

Ethereum has been seeing immense underlying strength as of late due to the progress towards the ETH 2.0 network upgrade, which is expected to help drive further development activity and usage to the platform. Investors are already in the process of gearing up for the transition to 2.0, with tens of thousands of tokens already…

November 10, 2020
Polkadot could become an Ethereum killer—but one analyst is skeptical

According to analysts, Polkadot has emerged as a major competitor to Ethereum in 2020. Following the explosive decentralized finance (DeFi) cycle from July to September, the demand for high-capacity smart contracts protocols has increased. Naturally, discussions on which blockchain networks could realistically compete against Ethereum over the long run started to emerge. The price of…

November 10, 2020