With its rapidly increasing trade volume, LINK may be one of the hottest DeFi projects in summer 2021. LINK’s trade volume is up nearly 70%. The altcoin is currently trading at the $36.81 level and the price has dropped nearly 8% in the past 24 hours. Consolidating alongside ETH and most top altcoins, LINK mayContinue reading “Three reasons why Chainlink’s price will head this way”

With ETH’s price back in the $2900 range, there has been a lot of debate on the level of security Layer 2s provide, their long-term ROI, and the sustainability of their price rally. After crossing the $4000 level on May 12, the price dropped, several times and the scaling solutions’ have rallied. Consider the analogy,Continue reading “Matic & Loopring: Why these projects matter to Ethereum’s performance”

The ongoing legal battle between the SEC and Ripple has been somewhat of a rollercoaster for XRP traders and HODLers. There is uncertainty in the price of the altcoin, as a result of this legal debacle. The SEC has argued from the beginning of this enforcement action that XRP is a security. The impact ofContinue reading “What’s next for XRP’s price following these court proceedings”

With MATIC’s price up 33% in the last 24 hours and market capitalization up by nearly the same level, it is MATIC against the bears while top altcoins continue bleeding. Altcoins in the top 25 are bleeding currently, as Bitcoin attempts to make a recovery. The Musk incident had a visibly negative impact on Bitcoin,Continue reading “This differentiating factor for MATIC will affect its price movement”

When the altcoin bloodbath went down over the weekend, following Bitcoin’s plunge, Binance Coin, Litecoin and Bitcoin Cash ended up being the most affected altcoins in the top 20. The prices of these 3 altcoins have plunged by double digits. However, this means that these altcoins have consolidated and are in the buy zone. What’sContinue reading “Binance Coin, Litecoin and Bitcoin Cash: These alts are ideal for this move by traders”

Ethereum’s price has recovered from the weekend blues: the price is up 7%. There is an uptick in exchange inflows after a consistent drop in percent balances across exchanges since the end of April 2020. However, the overall exchange net flow has hit a 1-month low based on data from Glassnode. Ethereum’s market cap hasContinue reading “What’s the prevailing price plot for Ethereum?”

The recent dip in Bitcoin and Ethereum’s price has led to a stagnancy in the ongoing altcoin season. The movement of the assets that were held dormant by HODLers has shifted the trend in the price rally. Currently, the price has dropped, however, the narrative for altcoins is likely to change, looking at the dataContinue reading “This ETH metric has dropped! Here’s how it affects Ethereum’s price”

After hitting new ATH and the trade volume increasing several times over the past few weeks, ADA’s funding rate is still relatively low based on data from the chart of 8-hour funding rate. ADA is not over-leveraged just yet and there is room for vertical growth in price, without a significant risk of liquidations andContinue reading “Cardano’s rally: These significant factors will take the alt down this road”

Is it likely that one of the factors driving Bitcoin’s price plunge is the rotation of investment from Bitcoin to Ethereum? Looking at the following chart with ETH and BTC percent balances across exchanges, it is likely. The rotation from BTC to ETH continues in light of rapidly changing dynamics in the current bull run.Continue reading “Bitcoin to Ethereum rotation is changing ROI on traders’ portfolios: Understand the impact”

MATIC’s growth has been community and developer-driven. Trading at the $1.13 level and registering 27% gain in price in the past 24 hours, MATIC’s rally is an extended one, leading the altcoin season 2.0. However, there is something different this time around, MATIC is currently rallying alongside ETH, more as an ally, than a competitor.Continue reading “There is something different this time around for MATIC and ETH”

The Dogecoin narrative is gaining popularity and interest every day, even as the altcoin continued to trade at the $0.51 level. Though the price has dropped over 20% in the past week, DOGE’s concentration by large HODLers is nearly the same, at 65% based on on-chain data from intotheblock. The increased demand for memecoins withContinue reading “WOOFY, SHIB, ELON, Dogecoin: Memecoins are ideal for traders looking to make this move”

Rising trade volume across spot and derivatives exchanges have supported Cardano’s ongoing price rally over the past few weeks and months. The altcoin, at the time of writing, was trading at the $2.32-level, with the crypto gaining by 20% in 24 hours to touch one ATH after the other. The aforementioned hike in price andContinue reading “Three reasons why Cardano is going on this price trajectory”