Bitcoin’s dominance was below 50% and this was unique to the current bull run. Though Ethereum’s market capitalization was above 15%, top altcoins, which rank in top 50, experienced a price surge, leading to an increase in the market cap. This drop in Bitcoin’s dominance was key to the boost in price of SOL, COMP,Continue reading “Watch out for these signs with these alts – Solana, Compound, Dent, Maker and Sushiswap”

Ethereum’s run to $2752 is fast, consistent and offering double-digit gains to HODLers. Ethereum is leading another bullish recovery for altcoins post the dip. After Ethereum hit a new ATH in the past 24 hours, the statistics put traders’ bullish sentiment in perspective. Statistics like Ethereum’s fixed supply show there will never be more thanContinue reading “There was another first for Ethereum this week; here’s why it matters”

In the ongoing altcoin rally, the top gainers have emerged from the top 100 altcoins. Unlike ETH, XRP, LTC and ADA that led the price rally, the current rally is being led by lesser-known altcoins like Helium, Zilliqa, Dogecoin and AAVE. The 24 hour gain is double-digit; however, it is likely that DeFi tokens leadContinue reading “What kind of profits can traders book (this week) with Dogecoin, AAVE, Helium and Zilliqa”

MATIC’s trade volume was up 35% in the last 24 hours. With the increasing trade volume and market capitalization, it is likely that MATIC’s rally is only getting started. The debate on how effective and scalable sidechains are has recently emerged as trivial. MATIC is currently the most accessible liquid token that represents Ethereum’s currentContinue reading “What are MATIC’s chances of heading to $2 this week?”

A $100 invested in Ethereum 100 days ago would be worth $186 at the current price level of $2536. Based on data from Coinmetric’s latest report, Ethereum has averaged 610.74K daily active addresses over the last 100 days. The top altcoin’s velocity has increased by about 31% since the start of the year, growing fromContinue reading “What you should know about Ethereum’s chances of hitting $3000 by Friday”

The most recent bloodbath was a result of increasing liquidity across exchanges and a week ago, the 17th of April had the highest amount of BTC perpetual futures long liquidations so far in 2021. This was a key to Bitcoin’s price drop. Cascading sell-off has not yet hit, since the price has recovered to theContinue reading “What to expect from top alts like Ethereum, XRP, LTC, ADA, LINK and DOT during BTC’s dip”

The age-old debate, the dilemma of buying vs HODLing, and the recent price correction were one of the many dips in the extended bull run of 2020. Elevatetrading’s founder Nebraskan Gooner recently tweeted about the dip. His point being, over 90% of crypto Twitter asking traders if they bought the dip are likely the sameContinue reading “Bitcoin and Ethereum, are traders buying the dip?”

With news of Eminem dropping his first NFT collection this weekend, it may be an ideal time for traders to take a look at top NFT marketplace tokens that are now consolidating. Tokens that are less popular that rank below the top 500 are rallying right now. VEE, SHROOM, CHR, DRT, GAME have rallied inContinue reading “Theta, Enjin, DGB, MANA: Are these tokens in the buy zone?”

Dogecoin is not the only altcoin that has rallied offering double-digit gains, nearing a 100% in the current alt season. Top DeFi tokens have offered double-digit gains in the past two days. LUNA and CAKE have offered 16% and 13% gains respectively. The price for top DeFi tokens has increased consistently despite several price corrections.Continue reading “CAKE, Maker, Compound: Why top DeFi tokens have offered double digit gains in the past two days”

At the time of writing, the altcoin market was recovering somewhat from the bloodbath that hit exchanges two days ago. While recovery has started, top NFT marketplace tokens, especially, have been making a comeback too. In fact, the aforementioned dip was ideal for accumulation, with the recoveries of most altcoins like THETA, CHZ, MANA, andContinue reading “What you need to know this week about THETA, Chiliz, MANA, and Enjin”

Despite the bloodbath in the wider altcoin market, Ethereum HODLers are persevering through the price drop. In fact, at the time of writing, the concentration by large HODLers was found to be at 41%, with the same suggesting that there is the likelihood that the price may soon rally higher to previous ATH levels. DuringContinue reading “What you need to know about Ethereum’s chances of hitting $2600 again”

The altcoin rally has come to a brief standstill. However, among other trends in the current altcoin rally, the one that has emerged due to high ROI and popularity is the Yield Farming project craze. Staking or lending other crypto-assets has helped traders earn high returns in yield farming assets. Though many have criticized theseContinue reading “What yield farming projects AAVE, Balancer [BAL], Yearn.Finance [YFI] can offer traders”