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…
Investors
Chainlink (LINK) and Ethereum (ETH) Investors See Kelexo (KLXO) as a Major Contender in the Crypto Lending Arena
The crypto lending industry is built on the dedication to recreating traditional financial markets on the blockchain with the purpose of making them easier to access. Kelexo (KLXO) is a new entrant into this market, offering a Web 3 marketplace for lenders and borrowers to interact without needing a middle man. As a new entrant into this market, Kelexo (KLXO) is yet to make a name for itself as a prime crypto lending platform. However, it is designed with the…
1 year ago
Amid Ethereum (ETH) $3.3k Correction, Analysts Suggest DeeStream (DST) Presale Could Hit 100X, Drawing Dogecoin (DOGE) & Polkadot (DOT) Investors
As Ethereum (ETH) corrects around $3.3K, many cryptocurrency enthusiasts are watching DeeStream (DST) as speculation of 100x seems likely. This unheard potential has lured interest from investors seeking alternatives to Dogecoin (DOGE) and Polkadot (DOT). While Dogecoin (DOGE) continues its remarkable performance, Polkadot's staking interface update further elevates its appeal. All these conditions, together, form a ground on which the appearance of DeeStream (DST) as a super fresh streaming service on the market is based. Let's find out what makes…
1 year ago
Litecoin And Monero Investors Shift To Algotech Presale As Prices Stay Suppressed
Despite the recent bull run that has seen many digital currencies soar to new heights, Litecoin (LTC) and Monero (XMR) have remained relatively stagnant. This lack of significant price movement has left investors searching for more lucrative opportunities, leading many to turn their attention to the emerging project, Algotech (ALGT), especially as it enters its presale phase. Litecoin's Underwhelming Performance Amid Crypto Bull Run Over the past year, while many cryptocurrencies have seen their prices go up a lot, Litecoin(LTC)…
1 year ago
Investors Are Withdrawing Their Bitcoins (BTC) From Exchanges: Why Is This A Good Sign?
The number of bitcoins (BTC) stored on the exchange platforms is at its lowest. That's pretty good news for the rest of the bull run if Glassnode is to be believed. Investors withdraw their bitcoins (BTC) from exchanges Figures from the Glassnode data aggregator show that bitcoins stored on exchanges have hit a shallow threshold. The numbers have not hit this level since October 2018, more than two years ago. It is this analysis by Glassnode that indicates the current…
5 years ago
Factors to Consider when Investing in Cryptocurrencies
Before investing in any cryptocurrency, he should evaluate his understanding of the particular currency. Since it is risky, anyone intending to invest must consider the digital asset before starting it. An interested investor must pay serious attention to various aspects before buying cryptocurrencies. Such vital points include only investing in an amount you can lose, studying the subject keenly beforehand, understanding the inter-exchange transfer rates of various cryptos, analyzing the market size cap, and watching out carefully for scams surrounding crypto.…
5 years ago
The Difference between Investors and Traders in the Crypto Market
Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing yourself with the difference will save you from massive loss. The worst thing you could do when entering crypto markets is an investor who thinks like a trader or vice versa. People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolios, or buy and sell cryptocurrencies to profit from short-term price movements. These participants use…
5 years ago
Canaan, a Bitcoin Mining Rig Manufacturer, Sued by An Investor
Recently, an investor filed a lawsuit against Canaan, a Bitcoin mining company, for allegedly breaking U.S securities laws during its IPO. Canaan filed its Initial Public Offering with the SEC last November and targeted to raise over $400 million. Nevertheless, Canaan raised only $90 million after listing on the Nasdaq Global Marketplace. Phillippe Lemieux, an investor in Canaan, filed a class-action lawsuit claiming that the company violated the Securities Act of 1933. More Details on Why the Investor Sued Canaan…
5 years ago
What are Cryptocurrency Pumps and Dumps?
Pump and dump schemes are typical in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making a quick profit, they are risky. Unfortunately, new crypto investors don't know much about these schemes and often fall prey to the scams. Trading in cryptos is risky; therefore, it helps to know what to avoid and how. This article will delve into the details of the cryptocurrency pump-and-dump schemes. What…
5 years ago