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…
ETH
What Fate Do Altcoins Hold in 2020?
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…
5 years ago
The Ultimate Guide to Cryptocurrency Token Standards
New technologies become successful when it finds a perfect balance between traditional systems' values and the advantages of new technology. Blockchain has mastered this art, and people are gradually accepting the changes this developing technology brings. One of the changes is accountability in the financial system, which contributed to the creation of tokens. Tokens are digital assets, also known as value contracts. A token standard is stored in a smart contract to help manage balances in the wallet. Today, we…
5 years ago
The Forthcoming Launch of Agharta Hard Fork
An Ethereum Classic Network hard fork, known as Agharta, is forthcoming. This hard fork will consist of Ethereum Constantinople fork features. Similarly, the hard fork intends to achieve complete compatibility between ETC and ETH. As per the 26th of December press release, ETC labs confirmed its agenda to achieve complete compatibility. According to Terry Culver, Ethereum Classic Labs is one of the first incubators to support innovative projects on the Ethereum Classic Blockchain. The compatibility between the ETC network and…
5 years ago
Tension as Vitalik Buterin Plans a Massive Ethereum Sale
On the 25th of December, crypto market participants focused on Vitalik Buterin to fear his plans to sell Ethereum worth 25 million USD. As per Etherscan on the 25th of December, an aggregate of 92k of Ethereum, currently equivalent to 11.5 million USD, moved from one wallet to the United States exchange Kraken. ViewBase tweeted about the wallet containing more than 300k ETH before the transaction. Similarly, the same wallet received the majority of its content from Buterin for many…
5 years ago
XRP and Fiat Pairs Now Available on Binance Exchange
Recently, Binance Exchange confirmed the addition of new XRP and ETH fiat pairs to its platform. The exchange will support three fiat pairs with Turkish Lara (TRY) that feature ETH, XRP, and USDT. Additionally, Binance users can now trade USDT against the Russian Ruble (RUB). In December of 2018, Binance added XRP as a base currency and renamed its ETH market to ALTS markets. Last month, the Turkish Lara got added to the crypto exchange, and Binance only allowed its…
5 years ago
Ethereum May Plunge Under $125
The ETH/USD price is showing some declining signs. A break under $ 125 and $ 120 could make ethereum's price move to the downside. Yesterday, the price started dropping from the hurdles at $ 135. The price later settled under the support at $ 130 and the 100 hourly SMA. Further, the price declined to under $ 128. Analyzing the ETH/USD Hourly Chart The ETH/USD hourly chart shows a break under a contracting triangle with support close to $ 127.…
5 years ago
Will the Upsurge of ETH Locked in DeFi Affect Its Price Positively?
The price of Ethereum experienced certain remarkable upward momentum today. It follows a long time of trading on the sideways, caused by the decline in its price to lows of $120 in the previous week. This time, the price is consolidating, and it seems to be leading to a move on the upside. In turn, the trend may support the idea that the lows of ETH in recent times will highlight a long-term bottom. Suppose the further momentum keeps holding…
5 years ago
Is Ethereum Headed for New Lows?
ETH/BTC Weekly 1 ETH/BTC Daily 1 From a higher time perspective, it appeared that ETH/BTC was accumulating between 0.0188 and 0.0222 BTC before breaking the range low. Now, if the price finds support at 0.01778 BTC and consolidates within this range, it would suggest that the accumulation phase has further extended between 0.01778 and 0.0222 BTC. For the last four days, Ether has been falling like a knife. ETH/BTC failed to trend higher – dropping 11% from 0.02 BTC –…
5 years ago
BCH/USD Surges As Price Of Other Cryptocurrency Pairs Drop
Recently, the aggregate cryptocurrency market is maintaining significant support. Major cryptocurrencies, including ETH, TRX, XLM, EOS, XLP, LTC, and BCH, are having a hard time increasing in price. BCH/USD, on the other hand, is surging following a move to $170. Its price increased to over $180, and as we speak, it is into consolidation close to $185. The upside shows two critical resistances close to $192 and $195; a move over them may take the price towards $ 215. The…
5 years ago