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…
Ethereum
The Beginner Guide to Polygon (MATIC)
This article aims to give you a beginner's guide to Polygon. By the end of this article, you will have a better understanding of the following: What Polygon is? What Polygon offers? The solutions Polygon offers to common blockchain problems. You will also understand how to buy Polygon Matic tokens. Polygon In a Nutshell The idea for Polygon originated from the original Matic network, which acted as an effective scaling solution. Polygon (Matic) network is a highly secured Ethereum-based layer…
4 years ago
BTC Price Momentum is Back in Action, While ETH Reverses Losses
The bulls are back in control of bitcoin’s price action after the leading crypto bounced from a slump to a new weekly low at $44,012. The price has now recovered gains and is trading above $48K, per data from coinmarketcap. The BTC price logged new multi-month highs of $48,630 on Friday, the highest level since the mid-May crash, proving that the bull market cycle is still on. The uptrend that has seen BTC jump nearly 7% over the past 24…
4 years ago
Cryptocurrency Transactions Skyrocketing; Bitcoin Maintains the $46,000 Level
Bitcoin’s price is stuck around $46,000 and has not moved higher even though there is some strong momentum and buying. Over the past few months, Bitcoin has been moving up and down by up to 50%. This week, it managed to cross above the 40,000 marks after being below the level for about two months. The cryptocurrency and blockchain market, in general, has risen to $8.7 billion in just the first half of 2021 compared to $4.3 billion in the…
4 years ago
Ethereum Makes a Bullish Statement Recovering From A Slight Price Plunge
On Friday 13th August, the prices of Ethereum continued with the long bull pattern, increasing to newer heights. ETH could soon go past its ATH if the trend continues. London fork and institutional support of the crypto world are receiving the credits for the continuous price surges. Ethereum's Price Analysis The ETH coin was on a bullish pattern on Friday 13th, after initially losing the prices to below $3k just a day before. On Thursday, Ethereum's price plunged to $2984.…
4 years ago
What are the Critically Acclaimed Cryptocurrencies of 2021?
According to Coinmarketcap, there are over 11 thousand crypto assets. Although the number of crypto assets is increasing rapidly, very few are getting mainstream adoption, and others fail. According to a statistic, as of 2019, over 1000 crypto coins had failed. Generally, one factor that contributes to the failure or success of an asset is the level of popularity. The more popular the asset, the higher the investor's chance to consider it and vice versa are also true. Therefore, the…
4 years ago
Bitcoin Bulls Remain in the Driver’s Seat, While Ether Pushes Upwards
The BTC bulls continued to cement higher support on Aug 10 as the price touched $46K following a slight correction to the $43.5K zone. The strength of the bitcoin comeback was evident after the BTCUSD pair rallied from lows of $42,855 to reclaim the $45K support. The world’s first cryptocurrency extended its gains during the European session and logged an intraday high near $46,500 before losing upward momentum. BTC is currently consolidating gains at its price of $45,450, per data…
4 years ago
Can Bitcoin Reach $100k and Ethereum $20k? Here’s What the Analysts are Saying
Bitcoin is currently the most popular cryptocurrency with the highest market capitalization. Ethereum, the second to bitcoin, has the second-largest market cap and is the second most popular crypto asset. Bitcoin launched in 2009, and Ethereum came much later in 2015. The most exciting thing about the assets is the excellence of their services, with bitcoin being a medium of exchange and Ethereum as a center for decentralized applications. For the past years, the two assets have been the choice…
4 years ago
Ethereum Breaks Past $3k, Shows Signs of Better Times
For the second time in its price history, Ethereum has climbed past $3k and steadily rises. The first time Ethereum surged past $3k was in mid-April when the crypto market, especially Bitcoin and Ethereum, were on a solid bullish pattern. This recent price surge could start the much-predicted price jump that could send Ethereum to $20k very soon. Ethereum Price Analysis Ethereum has been on a continuous market bull run for about three days, with an excellent steady price surge,…
4 years ago
Buterin Counts London Hard Fork Upgrade as Base to the Revolution of Ethereum
Today, the most significant upgrade to the Ethereum network just happened to revolutionize the Ether blockchain. The London hard fork incorporated a fee reduction feature called EIP 1599. According to ultrasound, in just a few hours of running, the fee cut had already gotten rid of $2 million worth of ETH. Money. Vitalik Buterin, the inventor behind the cryptocurrency, stated that the EIP 1559 is the most significant part of the upgrade. Currently, ETH is trading at 2,809.16, up 3.91%…
4 years ago