Bitcoin, Binance Coin, Axie Infinity, and Flow Daily Price Analyses – 7 May Roundup
The performance of the global crypto market has taken another weird turn as it hasn’t been able to stay stable at a specific point. The changes in its value have been disconcerting for the investors because of the continuing bearishness as seen in case of Bitcoin and Binance Coin. The only difference is short-lasting bullish […]
Avalanche price analysis: AVAX/USD pair dips below $65
Today’s Avalanche price analysis shows a bearish trend gaining momentum with strong bearish possibilities. AVAX/USD is currently trading at $65, down 6.19% in the past 24 hours, with a trading volume of $607,256,088. The market capped yesterday in a crashing momentum and is opening today with hopeful bullish signs adding to yesterday’s crash below the […]
Axie Infinity Price Analysis: AXS/USD to spike to $150 next
TL;DR Breakdown AXS/USD value is now at $142.26. Axie Infinity price analysis is bullish today. Support is sufficient at $121.92. The price is swiftly increasing, as seen by the one-day and four-hour Axie Infinity price analysis. The bullish momentum appears to be gaining strength, and a sufficient increase in AXS/USD value can already be noticed. […]
Ripple price analysis: XRP trades below $0.60, more downside overnight?
Ripple price analysis is bearish today as we expect another drop lower to follow after consolidation below the $0.60 resistance. Likely XRP/USD will push towards the next support at $0.57 later in the weekend. The market has traded in the red over the last 24 hours. The leader, Bitcoin, lost 0.46 percent, while Ethereum 0.29 […]
Nvidia is willing to settle the charges with SEC
Nvidia was recently accused by the top US regulator, the SEC, of hiding the number of graphics cards sold for crypto-mining. According to reports, the company must pay around $5,500,000 to settle the charges. Since last weekend, the SEC would be launching these charges, but today they boomed in the virtual market. Nvidia has been […]
Bitcoin price analysis: BTC fails to move lower, push higher next?
Bitcoin price analysis is bullish today as we expect the current consolidation to end with a retracement. Likely BTC/USD will look to retest previous support as resistance at the $37,500 mark. The market has turned bearish over the last 24 hours. The leader, Bitcoin, lost 0.83 percent, while Ethereum 0.76 percent. Meanwhile, Terra (LUNA) is […]
Bitcoin, Ethereum, THORChain RUNE, and EOS Daily Price Analyses – 7 May Morning Price Prediction
The enhancement of the global crypto market is gradually realized as the gains for it have improved in value. Bitcoin has been especially successful in turning bullish as it has entered the bullish club. In contrast, Ethereum has been able to reduce its losses but hasn’t been able to turn bullish. It might take time […]
Solana price analysis: SOL prices rebound as the market sentiment turns positive at $81.34
The Solana price analysis for today shows a mixed market sentiment. The crypto surged to a high of $83 but found it difficult to break past this level. Prices have retraced to $81 but the market looks positive as bulls seek to push prices back up. The prices seem to be alternating between the $81 […]
Ethereum price analysis: ETH continues to consolidate above $2,650, slow retracement incoming?
Ethereum price analysis is bullish today as we expect the second retest of $2,650 to offer enough support for a reversal to follow. Therefore, ETH/USD should head higher and retrace some of the previous losses. The market has seen slight bearish momentum over the last 24 hours. The leader, Bitcoin, lost 0.08 percent, while Ethereum […]
Polygon price analysis: VET trade in a sideways channel as prices consolidate around $1.05
Polygon price analysis reveals MATIC prices opened today’s trading session trading at lows of 1.0215 before the prices surged to highs of 1.0752 in the early hours of the session prices have corrected lower and are currently trading at around 1.052 as bulls and bear battle for control of the market. Polygon prices have sought […]
WJXN price analysis: Just launched Wrapped Jaxnet token all set to breach $1.8 resistance zone
Tl;DR Breakdown WJXN price analysis reveals a minimal movement and a tight range. Wrapped Jaxnet Token is performing as expected with minor volatility. $1.7500 is emerging as a strong support zone. WJXN, or wrapped Jaxnet token, of the Jaxnet network, is up to a good start since the launch. The pair is trading in a […]
Imposing crypto ban not a solution to controlling criminal activities
TL;DR Breakdown The stance of many governments regarding cryptocurrencies remains unclear. Countries like China are starting to impose a crypto ban and cease mining farms. According to successful entrepreneurs, banning crypto to stop crime doesn’t make sense. Cryptocurrencies are being used in many countries for illicit activities. But, this doesn’t mean that every government should […]
Filecoin Price Analysis: FIL spikes to $70 overnight, ready to rally higher?
TL;DR Breakdown Filecoin price analysis is bullish for today. FIL/USD made another spike lower overnight. The $70 major support still holds. Filecoin price analysis is bullish today as another rejection for further downside was seen overnight, and the market has increased since then. Therefore, we expect FIL/USD to reach further upside later today. The overall […]
Uniswap price analysis: UNI/USD pair testing the previous support line at $7.2
Uniswap price analysis for today reveals Uniswap (UNI) has seen a slight pullback from its all-time highs set earlier this week, with the token currently trading around $7.50.Uniswap prices are likely to test the $6.96 support level in the near term before potentially resuming their uptrend. The immediate support for UNI/USD pair is seen at […]
Blender.io sanctioned in connection to Axie Infinity hack
Blender.io, a platform focused on providing mixing services in the crypto market, has been sanctioned by the US Treasury. According to the regulatory body, the Blender platform played a vital role in the successful hack of Ronin bridge and Axie Infinity some weeks ago. The hack, credited to be the handiwork of the famous group, […]
Neo price analysis: NEO dips further to lows of $16.50
Neo price analysis recently shows the price is continuing to dip further after a slight uptick on the charts yesterday. The market today has been pretty much in the red, with only a handful of cryptos in the green. At press time, NEO was trading at $16.45, after having dipped to lows of $16.50 earlier […]
Tezos price analysis: XTZ trade in a sideways direction with a slight bullish bias
Tezos price analysis reveals over the past few days Tezos prices have been relatively uneventful as the digital asset remains locked in a sideways range. The XTZ/USD pair is currently trading at the $2.50 level, which is around the middle of the range. The digital asset has found some short-term support at the $2.40 level, […]
Avalanche price analysis: AVAX prices head towards the $54 level as the market downtrend continues
Avalanche price analysis reveals that AVAX closed yesterday’s trading session trading at $56.12 which is a slight dip of 0.69% from its opening price of $56.52.The cryptocurrency entered the week trading at $57.18 and hit its weekly high at $61.01 before it started to experience some sell-offs that led it to where it is now.AVAX […]
Bitcoin, Ethereum, Tezos, and Pancake Swap Daily Price Analyses – 6 May Roundup
The performance of the global crypto market has begun to improve as the new gains for it have helped it strengthen its value. The new changes helped relieve the ongoing bearish situation as Bitcoin and some others have gradually reduced their losses. Others like Binance Coin have turned bullish, thus paving the way for the […]
Sushiswap price analysis: Sushiswap breaks $6.50, swift move to $5 ahead?
TL;DR Breakdown SUSHI moved sideways over the past 24 hours. Support around $6.5 broke after several retests. Next target at the $5 mark. Sushiswap price analysis is bearish for the next 24 hours as the market broke below the $6.5 support earlier today. Therefore, we can expect SUSHI/USD to move towards the $5 mark over […]
Bitcoin, Ethereum, Litecoin, and Chainlink Daily Price Analyses – 6 May Morning Price Prediction
The global crypto market underwent a sharp decline in value over the last 24 hours. The change in value was discouraging for various coins because of its impact on their value. An example is Bitcoin which was readying itself for $40k, but instead, it has been brought much lower. Some of the bearish coins have […]
Bitcoin price analysis: BTC retests $35,500, ready to retrace over the weekend?
Bitcoin price analysis is bullish today as we have seen another quick spike lower faced with a reaction higher at the $35,500. Therefore, BTC/USD has likely exhausted its bearish pressure, and a retracement is due to follow over the weekend. The market has seen strong selling continue over the last 24 hours. The leader, Bitcoin, […]
Ethereum price analysis: ETH swiftly drops further, reacts at $2,640
Ethereum price analysis is bearish today as we have seen more downside tested over the last 24 hours. ETH/USD has reached the $2,040 mark, from which reversal could soon happen. The market has traded in the red over the last 24 hours. The leader, Bitcoin, declined by almost 10 percent, while Ethereum followed with a […]
VeChain Price Analysis: VET consolidates around $0.13, set to break higher?
TL;DR Breakdown VeChain price analysis is bullish for today. VET/USD consolidates in an increasingly tighter range. VET is ready to spike to $0.15. VeChain price analysis is bullish for today as the market has established another higher low yesterday and currently build momentum for a spike above the $0.14 mark. Therefore, we expect VET/USD to […]
De Beers debuts first blockchain-backed diamond source platform
The De Beers Group is using the TracrTM blockchain platform to process diamond production in its company.TracrTM is the first distributed diamond blockchain that begins at the source and delivers tamper-proof source proof at scale, allowing Sightholders to keep track of a diamond’s history, and jewelry shops to have faith in the diamonds they buy. […]
Bitcoin Price Analysis: BTC spikes to $42,000, prepares for a slow retracement to $40,000 next?
TL;DR Breakdown BTC established another higher low overnight. Bitcoin rallied to $42,000 overnight. Market ready for a reversal. Bitcoin price analysis indicates bearish momentum to follow over the next 24 hours as a rapid spike higher was seen overnight, and the $42,000 price mark was reached. Therefore, we assume bulls are exhausted as of now, […]
US court orders BitMEX co-founders to pay a $30M fine for their illegal operations
On 5th May 2022, the CFTC reported that a New York court fined BitMEX co-founders $30M for operating a crypto exchange in contravention of the law. The fines are a resolution of February 2022 court proceedings of February where the three agreed that they ran BitMEX against US laws. During the time, the three were […]
Active BTC addresses hit a 12-month all-time low
TL;DR Breakdown Active Bitcoin addresses drop by 900,000 for the first time in 12 months. Massive asset sell-offs are responsible for the drop. The uncertainty in the market price of BTC lingers. In recent times, activities on the Bitcoin network have plunged significantly due to the asset’s price volatility. On Tuesday, the price of BTC […]
Polygon Price Analysis: MATIC drops further, finds support above $1.55
TL;DR Breakdown Polygon price analysis is bullish today. MATIC/USD saw another selloff overnight. Support at $1.55 still holds. Polygon price analysis is bullish today as we expect recovery to follow after another drop lower. Since support was found at $1.55 again, MATIC/USD should regain some of the loss over the next 24 hours. The cryptocurrency […]
Chainlink price analysis: LINK/USD bearish as price slips to $10.82
The Chainlink price analysis shows a bearish trend as the market is losing steam. The LINK/USD market has been on a downtrend for the last24 hours and is currently trading at $10.82. The market has lost over 8 percent in value in the last 24 hours and is currently facing resistance at $12.04.At the moment, […]
Polkadot Price Analysis: DOT spikes to $10.5, break lower today?
TL;DR Breakdown DOT moved lower yesterday. Bearish momentum continued overnight. Next support ar $10.5 reached. Polkadot price analysis indicates bearish price action to follow later today as bears have rapidly pushed the market towards the $10.5 support. Therefore, we can expect DOT/USD to break below $10.5 later today and continue its way towards further lows. […]
NFT collectors cash inflow equals 2021 record
NFT collectors have been responsible for the inflow of cash of more than $37 billion on several NFT marketplaces. According to the report, the figure recorded at the beginning of this month has equaled the total inflow for last year. In a previous report released by on-chain analysis firm, Chainalysis, NFT collectors were responsible for […]
Bitcoin, Binance Coin, Chainlink, and Stellar XLM Daily Price Analyses – 5 May Roundup
The global crypto market has surprised the investors as the new changes took place. The sudden reversal of losses proved more astonishing for the investors. The changes in Bitcoin value are most evident as it suffered a considerable reversal in value, which led to changes in the following coins. As the market continues forward, it […]
South Korea set to remove ban on ICO, new govt to improve crypto regulation
South Korea has become the latest country to unveil plans to improve cryptocurrency regulation and remove the ban on Initial Coin Offerings (ICOs). Yoon Suk-yeol, South Korean President-elect, is behind the u-turn on harsh cryptocurrency laws in the Asian country as he promised these are one of the many things his government would improve. Improving […]
Bitcoin, Ethereum, Elrond, and Decentraland MANA Daily Price Analyses – 5 May Morning Price Prediction
The global crypto market remains in gain as the situation remains favorable for most coins. The mentioned change has brought stability to affected coins like Bitcoin and others, thus helping them improve in value. Other tokens that haven’t had an increase in value are in a stable phase, thus helping the investors keep their capital. […]
Bitcoin price analysis: BTC breaks $37,500 previous low, finds support at $36,500
Bitcoin price analysis is bullish today as we have seen a strong drop below the previous low and support found at $36,500. Therefore, BTC/USD will likely soon reverse and retrace some of the loss. The market has seen bullish momentum over the last 24 hours. Bitcoin still trades with a slight gain, while Ethereum with […]
Tezos price analysis: Bearish trend persists as XTZ price trades below $2.5 the previous key support
Tezos price analysis reveals that the bearish trend in XTZ prices continues, as the cryptocurrency trades below the previous support level. The path of least resistance is to the downside and it seems like the XTZ/USD pair might head towards $2.2 if it breaks below $2,45.The key support level in the XTZ market is at […]
Neo price analysis: NEO shows signs of recovery at $38.43 after considerable debasement
TL;DR Breakdown The latest Neo price analysis is indicating bullish signals. Price has increased as it is now at $38.43. Support is sufficiently strong at $33.6 level. The most recent Neo price analysis is hinting at the rise in price as the bulls are trying to make a comeback. The past week has been highly […]
Cardano price analysis: ADA plummets to lows of $0.7917
The Cardano price analysis for today shows Cardano (ADA) has taken a sharp dive in the market after a prolonged consolidation, shedding more than 4.5% of its value and trading at $0.7917. Cardano is set to decline further after setting a declining trendline during the day. The market sentiment is bearish, and ADA is expected […]
TRON DAO promises to renew the user experience with the USDD project
Recently, TRON creator Justin Sun announced the development of the USDD coin within the TRON DAO platform. According to reports, not only will the technology firm be involved with the token, but also wallets such as Ellipsis, SunSwap, and PancakeSwap, among others. Crypto trading will have a new expansion among its tokens to offer greater […]
