Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Crypto
CFD Trading: What Is It and Its Use in Cryptocurrency
The key to making big with cryptos lies in trading them, with a $1T value in market cap value being in the hands of people worldwide. However, the terminologies during trade can be a nightmare for neophyte traders. One such example is Contracts For Difference (CFD) trading. It is beautiful to all types of crypto traders thanks to its lucrative, profitable opportunities. However, the ability to make impressive gains lies in the trader's familiarity with the fundamental concepts behind CFD. A Brief Description…
4 years ago
How the Infrastructure Bill Will Affect Cryptocurrency
It is scarce for governance itself to affect cryptocurrencies. For many years, crypto insides have asked for crypto regulations and transparent rules for the industry. While the infrastructure bill won't do that, it will affect the crypto space nonetheless. Currently, the infrastructure bill is in the U.S. House. The piece of legislation carries a great deal of importance to the Biden administration. But, what does it mean for crypto? A Background to the Infrastructure Bill On August 10, 2021, the…
4 years ago
TA: Indicators Showing that SOL Has Reached a Top Margin
SOL has been one of the standout performers in the crypto industry for the past few weeks. The coin gave many investors a haven, especially when the market started to go sideways. Most coin prices were taking a beating, but SOL stood firm. There is no doubt that the SOL resurgence has been impressive. The coin’s performance over the past few weeks has been incredibly inspiring. But, unfortunately, you often see a large-cap coin standing firm even when the entire market is…
4 years ago
Factors Driving the Price of a Crypto Project to Skyrocket
Cryptocurrencies continue to showcase outstanding crypto performance since the launch of Bitcoin in 2009. As a result, global investors are looking forward to establishing financial stability with digital assets. Due to the growing interest, crypto prices are drastically shifting to the top. Still, in some scenarios, the market trend keeps decreasing for specific periods. A coin's bearish momentum creates fear and panic for users who believe in the future of the asset. The opposite is a bullish market that records skyrocketing prices…
4 years ago
Vivid Indicators of a Bull Run in the Crypto Market (Bull Market)
A bull market is one whereby the prices are expected to rise significantly or are rising. Due to the volatile nature of crypto, the term “bull market” is reserved for extended periods characterized by the rise of a large portion of the prices. To be categorized as a rise, the price must be up 20% after two declines of 20% each. There is optimism, expectations of solid results, and investor confidence in a bull market, among others. The most notable…
4 years ago
Exchange Listings That Sparked a Bull Run of a Coin
Crypto exchange listings and Initial Coin Offerings (ICO) link a blockchain project and the investors' markets for its consolidation and eventual growth. Blockchain projects find it improbable to seek funds through traditional means such as bank loans. The primary reasons include unfavorable government policies and government-issued fiat money during transactions. The exchange listings have been so crucial in enabling crypto-investor interactions that they've sparked strong bull runs. Read on to find out which coins enjoyed explosive growth after exchange listings! A Brief on Bull-Runs A…
4 years ago
Would People Still Rely on Governments if Crypto and Blockchain Adoption Goes Mainstream
Disruptive technology is the type of tech that radically changes the way consumers, businesses, and entire industries operate. Blockchain technology is one of the most disruptive technologies of the 21st century. It has completely revolutionized banking by eliminating 3rd party intermediaries like banks and money transfer firms with its peer-to-peer transaction support. No one would have thought of a day when banks aren't needed in the financial world. Consequently, customers have taken note, with adoption rates rapidly picking up. Yet…
4 years ago
Why Cryptocurrencies Could be the Salvation for Immigrants
A 2019 statistic showed that a total of 44.9 million immigrants resided in the U.S alone, making up 13.7% of the nation's population at that time. Ideally, immigrants move from one country to another for better job opportunities, improved living standards, family reunification, or even escaping violence. However, whatever the reason could be for their movement, immigrants encounter significant challenges acquiring basic needs such as financial services. Moreover, lack of proper documentation makes immigrants ineligible for acquiring such services as…
4 years ago
What Backs Bitcoin? Is Crypto better than Fiat Currency?
Every jurisdiction operates using fiat currencies because everyone highly accepts it as a store of value and a means of payment. However, people accept Bitcoin as a means of payment, but only in some parts of the world. The fact that the government backs fiat currencies poses some concerns and limitations to its users. They include inflation, deflation, theft, to name a few. On the other hand, Bitcoin is backed by blockchain technology. The technology creates room for the network…
4 years ago