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Analysis

cryptocurrency May 31, 2020

While many expected Bitcoin to make a move into five-figures after its halving, it looks like an altcoin is stealing the show. It’s not just any altcoin, but the most valuable one in the market – Ethereum. Advertisements The second-largest cryptocurrency, by market capitalization, has been surging since 27 May, mounting a massive incline in […]

cryptocurrency May 31, 2020

In the beginning of May, Ethereum, Monero, and Dash dropped by more than 10%. However, over the course of the month, all three coins have recorded a significant amount of gains and as per analysis, the coins continue in this trajectory. Advertisements Ethereum Advertisements Source: ETH/USD, TradingView After the 12% drop at the beginning of […]

cryptocurrency May 29, 2020

Over the past 24-hours, the digital asset industry is starting to act lively. The largest altcoin Ethereum registered some movement after consolidating within a $10 +/- of $210 since May 22nd. However, the trend appeared to shift in the charts, as a fairly bullish scenario was observed. Advertisements Ethereum 1-day chart Advertisements ETH/USD on Trading […]

cryptocurrency May 29, 2020

Ethereum has been the center of debate for various crypto narratives in 2020. With its own ETH 2.0 developments keeping the community active, it will be ignorant to take your eyes off the stablecoin situation with respect to its blockchain. Advertisements The momentum built by stablecoins on Ethereum‘s network has benefited the second largest digital […]

cryptocurrency May 28, 2020

Alongside Bitcoin, Tether has managed to remain relevant in the headlines in 2020 as the largest stablecoin asset made another jump in the industry. According to data, Tether is currently the third-largest crypto asset in the industry behind BTC, and ETH as XRP finally lost its long-term position. Advertisements The feat took place right after […]

cryptocurrency May 25, 2020

The cryptocurrency market underwent a decline which drove the collective market cap to $246 billion, at the time of writing. Following this, Bitcoin fell below $9,000-mark while its dominance also took a minor plunge to 65.6%. Advertisements Source: CoinStats At press time, BTC was being traded at $8,797 after a slump of 5.06% over the […]

cryptocurrency May 22, 2020

Following a brief period of sustained losses as Bitcoin continued on its downtrend below $9k, it would now seem that on the back of the king coin’s recovery, much of the market is doing the same. However, the impact of Bitcoin’s steady recovery hasn’t been uniform across all the market’s altcoins as while some like […]

cryptocurrency May 21, 2020

Despite the ongoing retracement in the prices of Bitcoin, Ethereum, and other top cryptocurrencies, investors remain highly optimistic about this market. ETH, especially, has benefited from traders, with data from leading crypto exchange Bitfinex indicating that there are more long positions open for Ethereum than ever before.“What. Is. Happening. 2.2% of all ETH in existence […]