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Month: November 2020

cryptocurrency November 9, 2020

Although Bitcoin has been stealing the spotlight as it hovers above $15,000, Ethereum has been keeping pace and has actually outperformed BTC so far this year. Analysts are calling for another big move up based on developing fundamentals. Advertisements The technical and fundamental outlook for Ethereum continues to strengthen as the asset recovers from a […]

cryptocurrency November 9, 2020

Ethereum climbed higher nicely from the $425 support zone against the US Dollar. ETH price is struggling to clear the $460 resistance and it could revisit $420 in the near term. Advertisements Ethereum is showing a few bearish signs below the key $460 resistance level. The price is trading above the $440 support and the […]

cryptocurrency November 8, 2020

Advertisements Quick take: Ethereum is once again attempting to break away from the market influence of BTC ETH’s correlation to Bitcoin has dropped significantly and is in territory last seen in early 2018 The correlation could continue to drop as staking of the 32 ETH required for ETH2.0 intensifies Ethereum’s value could eventually break $500 […]

cryptocurrency November 7, 2020

Ethereum is currently expressing some immense signs of strength as the cryptocurrency rallies higher while Bitcoin drifts lower. Advertisements This is the first time in weeks that the cryptocurrency has risen while Bitcoin’s price drifts lower. DeFi blue chips have also been rallying higher. The DeFi sector has been one of the biggest beneficiaries of […]

cryptocurrency November 7, 2020

Advertisements Quick take: Ethereum’s daily active addresses have increased significantly in the last few days Such high activity on the Ethereum network is accompanied by ETH gaining significant value ETH has since broken the $420 and $450 resistance zones and could just break $500 in the days to follow The launch of ETH2.0 Phase 0 […]

cryptocurrency November 6, 2020

Key Takeaways This is the first time that the SNX stakers have been liquidated. SCCP-25 reduced the liquidation delay from two weeks to three days. Share this article The recent crash in the DeFi space has liquidated several SNX stakers. Since then, however, the sector has rebounded, suggesting the bottom is in. Advertisements Synthetix Liquidates […]

cryptocurrency November 6, 2020

Ethereum’s price action has been incredibly strong throughout the past day, with bulls posting a sharp overnight upswing that helped end its severe underperformance of BTC seen throughout the past few weeks. Advertisements ETH’s upswing today also rekindled life into many altcoins that had previously been bleeding out, with the DeFi sector, in particular, seeing […]

cryptocurrency November 6, 2020

Advertisements Quick take: The total value locked on Uniswap is on track to break $3 Billion The Uniswap protocol recently celebrated its second anniversary Uniswap (UNI) might have finally bottomed in the crypto markets The Uniswap (UNI) protocol is on track to hit the $3 Billion mark in terms of total value locked on the […]

cryptocurrency November 6, 2020

Advertisements After Bitcoin’s strong breakout above $15,000, analysts are looking toward Ether as the market sentiment around Ethereum strengthens. The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency’s rally, analysts are now looking toward Ether (ETH). The Ethereum blockchain’s native token has seen heightened momentum in the […]

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