XRP’s price has been consolidating for quite a while now. Even with the Swell conference and major announcements made during the XRP Japan Meetup, the price seems to be dead in the water. Daily Chart At press time, the price of XRP was $0.279, with the price coiling in the $0.31 to $0.22 range forContinue reading “XRP’s fractal coiling at an end; profitable prospects in near-term”

Litecoin, the famously named “silver to Bitcoin’s gold,” underwent its halving on 8 August 2019, following which the mining reward dropped from 25 LTC to 12.5 LTC. The price surge of PoW coins around their halving is a common perception. The same was seen for Litecoin before its halving, with the coin surging by aContinue reading “Litecoin’s halving: More of a curse than a blessing for miners, hodlers”

World Computer aka Ethereum’s rapid descent in price seems to be slowing down as it has been consolidating for over two months now. The price of ETH hovers at $184 with a market cap of $20 billion making it the second-largest cryptocurrency in the world. As the price has breached a longterm bullish pattern, longsContinue reading “Ethereum’s 120-day pattern breached: Longs to be ecstatic soon”

According to BBC’s Sounds podcast, Georgia is one of the top Bitcoin miners in the world considering its annual revenue of $0.5 billion. The electricity consumption of Bitfury for Bitcoin mining is in 389.7 million kilowatt-hours. This figure excludes other miners and is already taking a big piece of the pie. The country has beenContinue reading “Bitcoin and cryptocurrencies are guzzling Georgia’s hydro power”

FOMO surrounding Bitcoin, especially after the drop on October 25 seems to be going away as Skew’s recent tweet indicated that institutions are long on Bitcoin. The tweet showed that institutions are going long on Bitcoin and have reached a month-high of $1,500 BTC, which, at press time was worth $13.8 million. The institutional longsContinue reading “Bitcoin: CME Longs climb up the ladder, reach one-month high”

Bakkt was supposed to be a haven for institutions or perhaps a gateway for institutions to get their hands on Bitcoin. However, the prodigal son’s performance didn’t seem to meet expectations; on the launch day, the price of Bitcoin declined rapidly. This put a negative spin on Bakkt’s launch. However, Bakkt has come a longContinue reading “Bakkt’s Open Interest cross a million; ICE CEO optimistic about BTC”

Bitcoin’s entered 2019 with bears dragging the price in the dirt. The sentiment was extremely negative due to the previous year, a bear market. However, after hitting the figurative rock bottom in December 2018, the price did more than just pick itself up in the second quarter of 2019. The drastic increase in the priceContinue reading “Bitcoin’s 2019 return overshadows traditional assets even with a looming Death Cross”

Binance Coin is very close to testing a support that has been valid for over 700 days now, and falling below this could highlight a drastic drop in BNB’s price for the near future. The Support The support was a major factor during the bull run of 2017. Back in 2019, the support helped BNBContinue reading “Binance Coin to retest 2+ year-old support; drop below could result in catastrophic fall in prices”

Bitcoin suffered a fatal fall of 20% recently, shedding quite a lot of its market cap instantly. It is however, recovering from this fall. As BTC moves steadfastly on the road to price recovery, its SegWit adoption has received a generous boost recently. The interesting fact is that the number of transactions that Bitcoin blockchainContinue reading “Bitcoin’s SegWit adoption skyrockets; fees still low as txns go close to equaling 2017 peak”

Bitcoin was brought to life so that the general public or any person could opt to transact by not relying on intermediaries or the government, or at least that’s what we think Satoshi Nakamoto intended when he invented Bitcoin. Nonetheless, it was a very critical innovation that led to the development of an industry thatContinue reading “Bitcoin’s centralization is dangerous and deadly, claims Meltem Demirors as she addresses the question of intermediaries”

Bitcoin Cash, the fork from the mother chain [BTC], seems to have fumbled along its way, but it is still holding up quite nicely when compared to its fork, Bitcoin SV. BCH is currently the fifth-largest cryptocurrency in the world with a market cap of $4 billion. Descending Channel The short-term prospects for Bitcoin CashContinue reading “Bitcoin Cash to witness some bulls in the horizon after a prolonged bear run”

Binance’s BNB seems to be finding its support after a very long time. The price of BNB is consolidating in a bullish pattern that will yield good results for BNB after a long and weary downtrend. At press time, the price of BNB was hovering at $15.60 with a market cap of $2.4 billion. ItContinue reading “Binance Coin’s bearish narrative to flip soon; slow but sure gains ahead for BNB”