Ethereum

The $175 barrier mark was tested by the ETH/USD pair just before a subsequent minor correction. While the pair dropped below $170 as a result, it still was over $168. The latest high attained by the pair was close to $173 and it is now consolidating gains. Powerful support is however being formed at around $170. The hourly chart shows the formation of a key contracting triangle with the barrier near the $174 mark. If the ETH/USD pair can surge…

Chainlink will be pivotal to bringing data to smart contracts. That is, according to  Humphries, a former NBA star.  In a recent tweet, Mr. Humphries suggested that smart contracts will be crucial to human interactions.  He averred that Chainlink was the only solution capable of bringing data to smart contracts securely and trustlessly. "The world increasingly relies on data. Smart contracts will be no different. Chainlink is the only solution to bring data into smart contacts in a decentralized, secure…

BTC/USD Pair Price Analysis The BTC/USD pair was able to secure traction yesterday thereby surging above two barrier levels ($6,980 and $7k). Currently, the pair is trading well over $6.5k and $7k barrier levels. A look at the pair’s hourly chart shows that a remarkable barrier waits close to $8k and 100-day SMA on the way to the upside. Likewise, on the same chart, there is the formation of a major declining trend line with barrier close to $7,880. The…

Major corporations globally use smart contracts running on the Ethereum blockchain. That implies that the second largest cryptocurrency is performing as intended. However, the blockchain is experiencing some challenges requiring urgent redress. The Ethereum blockchain is experiencing an imbalance regarding its decentralization, security, and scalability. Vitalik Buterin calls this  “trilemma of blockchain.” In this situation, the attains a maximum of two out of the three features. All blockchains struggle to achieve all of the three. Plans are afoot to update …

Recently, the ETH/USD pair has tried to stabilize above the $145 barrier. However, it couldn't achieve that. It initially formed a swing high near the $ 146 level only to dip below $ 142. That notwithstanding both the Support at  $140 support and 100 hourly SMA protected decline. Currently, the pair is experiencing an upside and is over $142. Curtailed Gains Examining the pair's hourly chart indicates a surge over a crucial selling trend line with a barrier near $142.…

The BTC/USD pair gained some traction yesterday surging over two barrier levels ($6,980 and $7k). At the moment, the pair is trading above the  $6.5k and $7k barrier levels. Medium-Term Uptrend The pair’s hourly chart shows that a robust barrier towards the upside awaits near the $8k level and 100-day SMA. Again,  the chart indicates the formation of a key declining trend line whose barrier is close to $7,880. A medium-term uptrend could emerge depending on the buyers' ability to…

Decentralized Finance, more commonly known as DeFi, is the newest trend in the cryptocurrency sector. After "Colored Coins," Smart Contracts, and ICOs, DeFi has taken the limelight. It has opened the door to a whole new branch of decentralized technologies. Among the hundreds of projects focusing on bringing Decentralize Finance to the masses, none has been as successful as the MakerDAO Network. The Need for MakerDAO The MakerDAO is a decentralized smart contract platform on Ethereum. It is one of…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $173 billion. Bitcoin gains 10% in dollar value and trades safely above the $6,500 mark. Ethereum traded steadily between $135 and $140 XRP rises to $0.19 but drops by 3% on the weekend The Trump Administration announces a $2 trillion economic stimulus. The equity market also increases by 10% Covid-19 has now spread to…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $169 billion. Bitcoin recovers from the Covid-19 blow and ends the week trading above $6,000 Ethereum restarts its ascent towards the $135 resistance level. XRP ends a rough week to trade again at around $0.15 on Sunday Governments everywhere announce economic stimulants to prevent entire industries from a complete shutdown. Covid-19 spreads further and…