Cardano price analysis: ADA/USD bearish as bears eye $ 0.6821
Cardano price analysis shows a bearish trend. There is strong support for the ADA/USD pair at $0.5907 and resistance at $0.6985.Cardano’s (ADA) price has been on a downtrend over the past few days. The cryptocurrency has lost over 8% of its value in the past 7 days and is currently trading at $0.6821.The trading volume […]
IoTeX price analysis: IOTX rallies high to ATH at $0.25, gaining 111 percent overnight
TL;DR Breakdown IoTeX price analysis is highly bullish today. The IOTX/USD is at an all-time high of $0.25. IoTeX has emerged as a winner of the IoT blockchain race. The IoTeX price analysis reveals the IOTX/USD is strongly bullish at the moment, and the recent uptrend started on 28th October. But IOTX skyrocketed yesterday when […]
Binance halts UST and LUNA token withdrawals
The price of the Terra (LUNA) cryptocurrency fell 60%, under $25 for the first time since September 2021, as of press time. Following these developments, crypto exchange Binance announced that it was temporarily halting the withdrawal of LUNA and UST, algorithmic US dollar stablecoin. Binance blames network congestion In a statement today, Binance explained: On […]
UST falls to $0.65: Luna’s market capitalization plummets 44%
In less than 48 hours, the USD stablecoin TerraUSD (UST) has lost its dollar peg for the second time. The market price for TerraUSD fell to as low as $0.65 on Monday, losing $0.35. The price of LUNA, its sister token, has fallen by 44% in the past 24 hours, ending at $35. The UST, […]
Nigeria to boosts CBDC as cryptocurrency limitations stifle the fintech industry
The Central Bank of Nigeria (CBN) is working on plans to upgrade the country’s central bank digital currency (CBDC) so that it may be used on a wider range of items and services. In addition, it is continuing to impose onerous crypto regulations that stifle the country’s financial technology sector. Central Bank of Nigeria (CBN) […]
The Sandbox price analysis: SAND continues higher, set to discover $3 today?
TL;DR Breakdown The Sandbox price analysis is strongly bullish today. The Sand continues to discover new highs. The support for SAND is found at $2.1. The Sandbox price analysis report is in bullish color again as the token continues to move higher every day. SAND bulls have covered a good upwards range from $2.12, the […]
Meta plans to test NFTs on Instagram
Meta, through its top executive, Mark Zuckerberg, has announced the test of NFTs on Instagram before the end of this week. In his statement, the CEO mentioned that users on the platforms might witness the integration of the collectibles before this week runs out. This move is pointing toward the direction of Instagram having an […]
Solana price analysis: SOL prices bleed to $70.10.More downside to follow?
The Solana price analysis reveals SOL prices are currently testing the lowest price level this year 2022 as it hits the $70.06 mark. The bears have been in control of the market since the beginning of this month as they push prices down from the $109 high. The bulls have been trying to defend the […]
Binance Coin price analysis: Bulls find support as BNB recovers $325
The Binance Coin price analysis shows that the bulls found strong support at the $300 mark to initiate a trend reversal. Currently, the price has recovered to $325, with the bullish movement expected to continue across the short term. The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most […]
Polkadot price analysis: DOT price suffers further downtrend at $11.57
Polkadot price analysis reveals a prevailing decline of DOT prices over the last few days, with prices bleeding to $11.57. The prices are down by a whopping 11.13 percent, registering the weekly low at $11.09 on May 10, 2022. The market capitalization of DOT has fallen to $11.2 billion, and the 24-hour trading volume is […]
Bitcoin, Binance Coin, Zcash, and Waves Daily Price Analyses – 9 May Roundup
The global crypto market is going through the worst recession of the year as Bitcoin value has regressed to the lowest, i.e., $30K. The decline continues unaffected by any positive change as the bearish pull has strengthened with time. Though there were hopes that the market would revive after suffering losses for a while, it […]
Crypto enthusiast, Colin Platt, predicts NFTs’ future, plans to create his own versions
TL;DR Breakdown The non-fungible token industry has drawn more audience. The co-funder of Unifty, Colin Platt, concludes that he is building the future of non-fungible tokens. As the NFT industry has become a popular multi-billion dollar industry, Colin Platt predicted his own version of the future of NFTs. The popularity of NFTs has resonated through […]
Bitcoin price analysis: BTC spikes to $31,000, swift retracement incoming?
Bitcoin price analysis is bullish today as we have seen a substantial drop until the $31,000 mark, where rejection is currently seen. Therefore, BTC/USD will likely regain some of the loss over the next days and look to set a lower high. The market has traded in the red over the last 24 hours. The […]
Mike Novogratz considers Cardano a ‘mystery,’ slams the currency.
TL;DR Breakdown Mike Novogratz, one of the most successful and well-known hedge fund managers, has spoken against Cardano. The hedge fund manager has maintained a negative stance on Cardano for a long time and stated that he considers it a ‘mystery.’ After Mike Novogratz tweeted this, people on Twitter asked the manager to search on […]
Litecoin price analysis: Bears strike back below $85.43 as LTC/USD resumes the downtrend
Litecoin price analysis shows a bearish trend for LTC prices after bearish pressure sent prices below the $85.43 support level. The LTC/USD pair is now trading at $85.22 and is facing strong resistance at the $85.58 level. The next support level for Litecoin prices is at $85.40, which is likely to be tested in the […]
Ethereum price analysis: ETH continues to decline, $2,400 support broken
Ethereum price analysis is bearish today as we have seen a further decline over the last 24 hours, leading below the $2,400 mark over the last hours. Likely the bearish momentum will continue even further, with the next major target at $2,300. The market has seen a lot more downside continued to be tested over […]
Bitcoin, Ethereum, Tron, and Near Protocol Daily Price Analyses – 9 May Morning Price Prediction
The performance of the global crypto market has seen no improvement as the downward journey continues. The freefall situation has affected all the major coins of the market, including Bitcoin, Ethereum, and other significant names. The sweeping change has affected these coins without providing any chance to improve. The consistent negative changes have affected the […]
Traders’ sentiment goes severely negative as Bitcoin tanks below $33k
The cryptocurrency market now seems to be in turmoil following the extended decline in the price of the largest cryptoasset, Bitcoin (BTC), below the $33,000 price area. This market condition has also severely impacted traders’ sentiment toward Bitcoin, according to a report from Santiment, a crypto on-chain and social metrics platform. Bitcoin down 32% in […]
The Central African Republic chastised for adopting Bitcoin
The governor of the Bank of Central African States (BEAC) has penned a scathing letter to the Central African Republic (CAR) regarding its decision to embrace bitcoin and other cryptocurrencies. The Governor of the BEAC, Abbas Mahamat Tolli, wrote a letter to CAR Finance Minister Hervé Ndoba, saying that the “devastating” economic effects of the […]
Binance initiates legal actions against fake ads promoters in Turkey
It’s no news that Turkey sees a notable increase in interest in digital currencies. However, this has also drawn the attention of scammers to the local market. Scammers in Turkey have been found to launch numerous billboards advertising fake Binance-themed offerings in an attempt to profit off the exchange’s reputation in the country and at […]
NFTs suffers decline as weekly volume dips
NFTs have experienced a shocking awakening in the last 24 hours after recording a massive decline in the market. Just days ago, there was news about a crash in the general market of about 92% in cumulative value. The fairytale NFT market is presently on the road to normalcy, following the massive hype last year. […]
Polkadot price analysis: DOT breaks down as bulls fail to hold the $13.00 support level
The Polkadot price analysis shows that the asset’s price action was rejected at the $14.50 mark and is headed back towards the $12.50 support level as the bears take over. The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include […]
Bankless crypto channel cheery after restoration from Youtube ban
The Bankless crypto channel on youtube was restored after being banned for a short time without any explanation. Bankless, which boasted 150,000 YouTube followers for its Ethereum-focused newsletter and podcast, said it had been suspended from the network without warning or explanation. The channel, which has over 10,000 hours of material and included people, including […]
Bitcoin, Binance Coin, Theta Fuel, and Icon Daily Price Analyses – 8 May Roundup
The performance of the global crypto market hasn’t been impressive over the last 24 hours as the losses for it have increased in value. Though the losses had begun to decrease, the process has reversed, and it is again facing a difficult situation. The dilemma for Bitcoin hasn’t changed as it is at the forefront […]
Ripple price analysis: XRP rejects downside at $0.56, sharp retracement incoming?
Ripple price analysis is bullish today as we expect the several-day decline to have ended after a slowdown and rejection for further downside at $0.56. XRP/USD is likely ready to reverse and retrace some of the loss early next week. The market has traded in the red over the last 24 hours. The leader, Bitcoin, […]
DOGE’s weak situation: Breaking its 100-days moving average
TL;DR Breakdown Dogecoin has decrease by half of its value in the month of June alone. There is hardly any green candle in the charts and Bitcoin is barely holding it together. The coin has broken its 100-day moving average and moving towards 200-day MA. The Crypto market has been in a very confusing condition […]
Fantom price analysis: FTM/USD to break below the $1.903 support
TL;DR Breakdown The price has been lowered to $2.038. Fantom price analysis favors the bears. Support is still stable at $1.903. The latest Fantom price analysis indicates that the day is becoming a bearish trend, as more selling activity has been observed for several days. Despite the fact that the bull’s attempt to come back […]
Vietnam has the highest number of crypto holders – Finder poll
TL;DR Breakdown A recent survey was conducted by Finder, a website that compares various products in over 27 nations. The aim was to find out the nation that had the highest number of crypto holders. The poll shows that Vietnam tops the list as the nation with the highest number of crypto holders. The survey engaged […]
Bitcoin, Ethereum, Algorand, and Uniswap Daily Price Analyses – 8 May Morning Price Prediction
The situation for the global crypto market hasn’t seen improvement in the recent hours as metrics tell the same story. Though the performance of some minor coins has improved, indicating an increase in the value of the global market cap, the remaining market remains bearish. An indication of the continuing bearish trend is the performance […]
Stellar price analysis: Bullish momentum pushes XLM past $0.37 barrier
TL;DR Breakdown Green candlesticks are dominating the charts in today’s analysis. Stellar price analysis shows a resistance of $0.38. Considerable amount of support is detected at $0.317. As per the latest Stellar price analysis, the bullish uptrend is ruling the market, with a greater number of green candlesticks seen on the chart. Although the past […]
Ethereum Classic (ETC) shields important support levels
TL;DR Breakdown The entire crypto market is down as Bitcoin rebounds to $34k. Ethereum Classic started to rise today, trying to reach higher. ETC volumes were at all-time low when the price movement went higher. While the majority of the crypto market is breached their crucial support levels, Ethereum Classic has started an uphill battle […]
Bitcoin price analysis: BTC swiftly spikes to $34,500, retracement next?
Bitcoin price analysis is bullish today as we expect recovery to follow after another spike lower overnight leading to the next support at $34,500. Therefore, bears should be exhausted, and BTC/USD move for a significant retracement. The market has dropped even further over the last day. The leader, Bitcoin, lost 4.03 percent, while Ethereum a […]
Ethereum price analysis: ETH breaks down further, ready to break past $2,500?
Ethereum price analysis is bearish today as we saw a strong drop lower again after consolidation yesterday. Therefore, more downside could follow past the $2,500 next support as selling pressure is still strong. The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 4.2 percent, while Ethereum 5.95 percent. […]
Portugal accepts payments in BTC for real estate purchases
As one of the most cultural countries in Europe, Portugal promotes cryptocurrencies. According to reports, the purchase of an apartment in Braga, north of the city, was completed for 3 BTC. Portugal relaxed its laws toward cryptocurrencies and promoted payments with tokens. This is not the first time real estate has been sold with cryptos […]
VeChain price analysis: VET rejected at $0.04600, downwards movement to follow
The VeChain price analysis shows that the asset’s price action was rejected at the $0.04600 mark and is headed back towards the $0.04500 support level as the bears take over. The broader cryptocurrency market has observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include […]
Conti: US government announces bounty on hackers
The United States has announced a $15 million bounty on information that will lead to the apprehension of the Conti ransomware group. According to the report, the government of the US has set aside two distinct rewards that will go out to help the cause. In the information provided, any individual that aids in locating […]
Binance suspends derivatives services in Spain
Binance has announced that it has suspended its derivatives services across Spain following an order by regulatory authorities. The exchange has become one of the most hardworking exchanges in recent months regarding regulatory approval. This is why it has continued to bag licenses upon licenses of operations in countries worldwide since the start of the […]
Filecoin price analysis: FIL holds above $13 amid a bearish run
Filecoin price analysis shows that the price of FIL/USD has followed a clear downtrend since hitting a high of $21.68 on April 19th. The cryptocurrency has lost over 50% of its value since then and is currently trading at $13.65. The digital asset is down by 3.76 percent in the last 24 hours as prices […]
Algorand price analysis: ALGO soars as bulls aim for the $0.75 handle
The Algorand price analysis is bullish for today as the price has increased by 4.43 percent as prices soar to $0.7126 after a correction from the lows of $0.6893. The market is currently trading between two important levels, $0.6796 and $0.7723, which are acting as resistance and support respectively. The Algorand price is currently facing […]
Chainlink price analysis: LINK loses value at $10.06
Chainlink price analysis shows a strong bearish market sentiment as prices lose value to touch $10.06. There is a lot of selling pressure in the market as LINK prices are down by 4.97 percent in the last 24 hours. The market seems to be losing steam and a further downtrend can be expected in the […]
