Category: Price Watch
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This AI-focused cryptocurrency is up 300%, but on-chain fundamentals spell trouble
While the global financial markets were melting down as coronavirus spread throughout the planet, there was one cryptocurrency that managed to weather the storm. Numeraire, an altcoin brought to life to incentivize scientists to predict financial models using encrypted data, was able to enter a parabolic advance that has seen its price skyrocket over 3x…
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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’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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Ethereum just hit $190: 100% of the “Black Thursday” crash has been recovered
Just minutes ago as of the time of this article’s writing, Ethereum shot higher to $190. While it has since retraced a few dollars from these highs, the cryptocurrency trading at $190 meant that since the weekly lows of $147 established on Apr. 16, the cryptocurrency rallied an impressive 29.5 percent, outperforming almost any other…
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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…