Altcoins

People continue to debate mass adoption of cryptocurrencies. A few days ago, Weiss Crypto Ratings noted that Cardano is still among the leading coins when it comes to technology and adoption. This is expected because Cardano has attained several milestones within its domain in the first quarter and people expect more in the coming months. Part of the expectation is the most-awaited Shelley-migration. IOHK CEO and Co-founder, Charles Hoskinson featured in a livestream, noting that part of the efforts of Cardano team is complete…

Digital currencies pegged to traditional assets such as fiat are known as stablecoins. Based on their design, they are capable of holding a steady value and provide cryptocurrency traders an easy means of escaping the high volatility of the cryptocurrency markets. On April 17, the CEO of blockchain database startup Messari tweeted about the value of stablecoins on exchanges. Ryan Selkis said the massive sum of cryptocurrency capital are on the sidelines but ready to move into BTC, ETH, XRP and…

Despite being around for a long time now, numerous individuals still consider cryptocurrencies to be undergoing experimentation. However, Bitcoin has been able to gain some form of importance in the financial domain. This is such that governments and central banks worldwide are planning towards the regulation and introduction of their own digital currencies. We have numerous cryptocurrencies in the market but Bitcoin remains the leader despite its remarkable shortcomings. At press time, the dominance of Bitcoin was 62.97 percent, while its…

Over a decade ago, the first cryptocurrency to permit secure transactions (bitcoin) changed the fintech world. It is based on cheap peer-to-peer transactions and is designed to be completely decentralized.  This digital evolution was set up to eliminate the centralized model of managing finances that monopolized the industry. However, a virtual currency based on blockchain technology has remained in the speculative emerging finance growth category over the years. That means we are still heavily reliant on the traditional financial systems…

Currently, Bitcoin’s price seems to be trading within the $ 7000 range. Further, the performance of altcoins is quite bearish in the previous few weeks. Some of the altcoins are moving towards the support levels attained in November 2018 before reversal. As for the performance of XRP, its price is under $ 0.2, which is a two-year low. The price was 92% lower than its high in December 2017. Meanwhile, ETH, LTC, and BCH are close to last year’s November…