Post the accelerated price rally, even at the current price level, above $4000 and at a market capitalization of $478 Billion, Ethereum continues to be undervalued. The total market capitalization of Global cloud computing is anticipated to cross $1 Trillion by 2026 and owing to network effects, ETH is expected to capture over 80% ofContinue reading “Ethereum’s rally means this downside for DeFi tokens like CHZ, ENJ, MANA, FLOW, SUSHI”

Ethereum’s price rally may have stunted the growth of most other altcoins, however, Polygon MATIC is now pretty much wiped off the exchanges. While in early January 2021, there was 1.24 Billion MATIC on spot exchanges and now in May 2021, in over 4 months, only 88.49 Million MATIC remains. On-chain sentiment suggests that retailContinue reading “Matic is nearly wiped off of exchanges! What is the effect on the price?”

With over 10% daily gain in Ethereum’s price, the altcoin is headed to price discovery beyond the latest ATH of $3955. The price crossed $3200 on May 3, and within less than a week, the price is in discovery mode. The altcoin’s MVRV-Z score, which is the ratio between market cap and realized cap, andContinue reading “It’s likely that Ethereum will hit this price level by end of 2021”

The current altcoin season which kicked off with Dogecoin’s price rally may have slowed down for now. Altcoins like ADA, BCH, LTC, ETH, LINK and VET are currently offering double-digit gains when compared to last week’s prices. The growing interest in altcoins across exchanges is the key factor driving the prices. The other factor isContinue reading “Cardano, BCH, LTC, ETH, Chainlink and VET: Watch out for this sign when it comes to alts”

At $87 Billion, the total market cap of Dogecoin is now higher than 408 companies in the S&P 500. The DOGE party has continued to the $0.61 level, despite a 60% drop in trade volume across exchanges. Is this the first in a series of events that end in the DOGE party coming to aContinue reading “Is this the first in a series of events that takes Dogecoin’s price down this road?”

Altcoins are rallying to the extent that Bitcoin’s dominance remains below 50% and the asset is rangebound below $64000. It is likely that the rallying altcoins in the top 25 may be behind the selling pressure on Bitcoin, and the investment outflow from Bitcoin and into altcoins. Retail traders are looking for the next altcoinContinue reading “CAKE, STX, MANA, MATIC: what signals traders need to set their sights on”

LINK’s price has consistently increased over the past 2 weeks. The price was at the $47.40 level, after a 33% gain in the past week. Despite dropping to the twelfth position in terms of market capitalization, LINK’s framework development and maturation of the ecosystem signal a bullish sentiment. There have been several individual use-cases fuelledContinue reading “Chainlink’s price action: here’s what the alt is poised for in the coming weeks?”

While altcoins in the top 10 are rallying, following ETH’s new ATH and Dogecoin’s rally to 50 cents, NFT marketplace tokens are consolidating. THETA, BAKE, FLOW and CHZ are currently consolidating. In the current alt season, these altcoins have consolidated several times, hitting previous levels every few weeks. So is this ideal for retail tradersContinue reading “THETA, BAKE, FLOW, CHZ: Which of these alts are in the buy zone now?”

Projects that were rangebound earlier are now rallying. Sushiswap emerged as a food/meme coin that happens to be a DeFi token which got listed across top exchanges. Traders who lost the opportunity to book unrealized profits in previous rallies have another opportunity with Sushiswap. On crypto Twitter, Sushi has emerged as the next Doge. ThereContinue reading “Another key metric has this to forecast about Sushiswap’s price”

With trade volume up over 400%, Dogecoin is currently trading at $0.56 level. When DOGE crossed 50 cents, the increase in market capitalization helped DOGE flip XRP. Why is DOGE different? In case institutions and retail traders aren’t taking memecoins seriously, DOGE has led a new rally, a memecoin rally. A new cultural phenomenon thatContinue reading “Dogecoin and memecoins: The when, how, and why behind their buy signals”

While Ethereum’s price is leading the current rally of altcoins this season, it is likely that the easy part of DeFi will be over soon. New farming projects’ TVL has surged up to $100 Million and several projects have launched improved forks that were expected to take days to months. This has brought DeFi toContinue reading “What’s underway for DeFi tokens like UNI, LINK, SUSHI, WBTC, LUNA, CAKE and AAVE?”

When was the last time Altcoin Market Cap turned its old 2014 highs into support? With ETH’s price rally above $3200 level, altcoins have started rallying again. Though investors continue their hunt for the next Ethereum-like asset to place their bet on, the overall altcoin market continues rallying. It rallied over 27000% in over aContinue reading “Here’s the Bitcoin and Ethereum link that is likely to offer higher returns on these alts “