Bitcoin recorded a massive dip yesterday after its price crashed from a local peak of $52k to a valuation of $42.8k on some exchanges. The scale of these corrections was highly unanticipated, given the massive amount of leveraged trading going on in the derivatives market. In hindsight, a simple correction ended up taking the formContinue reading “Bitcoin: Is the latest dip indicative of a trend reversal”

Apart from being a store of value and a medium of exchange, cryptocurrencies today have a host of other use cases. Thanks to the ever-developing blockchain technology, these use-cases are not general as such, but are instead specific. Some actually cater to the needs of a particular company, function, or industry. Right from transparency toContinue reading “Will corrections play spoilsport for BAT after 122% hike”

People from the crypto-space have been pouring millions of dollars into pixelated images, alluring apes, and static rocks. The latest project to get significant traction of late, however, has managed to go one step further. ‘Loot’ offers images that encapsulate plain text on a black background as NFTs. The aforementioned Ethereum-based project has already baggedContinue reading “A primer to the ‘LOOT’ effect on Ethereum’s network you didn’t know about”

The early hours of Tuesday saw the broader crypto market witness an unanticipated dip. The lower-timeframe charts of most top coins were characterized by long-red candles. The 24-hour gains of most of the alts were wiped off. In fact, at the time of writing, nearly all the top coins were trading in the red. Curiously,Continue reading “The reason why Solana, Serum look ready for a sustained surge right now”

Throughout last week, Bitcoin’s price was struggling to hold above the $50k benchmark. However, the market’s king-coin has been trading well above the aforementioned threshold over the past day. In fact, BTC was valued at $51.7k at press time. Amid the renewed buying-interest, a certain category of stakeholders, has been booking their profits and cashingContinue reading “The recent sell-off by miners may have this impact on Bitcoin’s price”

The past few days have been pretty decent for most alts. Despite the inadequate support received from Bitcoin, they’ve been able to carry forth their respective rallies. Take the market’s 12th largest crypto, Chainlink, for instance. The aforementioned alt’s market value has appreciated by over 119% in the past six weeks and has managed toContinue reading “Chainlink in a ‘relatively good’ position to benefit from upcoming Bitcoin rally”

DeFi tokens have not witnessed any massive price change over the past few week. For instance, the likes of Uniswap, Marker and PancakeSwap rallied by only 10%, 8% and 2.3% respectively, in the aforementioned time window. However, tokens such AAVE and YFI, managed to appreciate slightly higher [17% each], successfully demonstrating their strength. However, theContinue reading “AAVE, YFI may not pump ‘unreasonably’ any time soon”

The Ethereum network has consistently been undergoing developments, over the years. All the upgrades and updates, by and large, intend to make the network more scalable, sustainable and secure. Presently, Ethereum is set to change its consensus mechanism from Proof-of-Work to Proof-of-Stake through a series of upgrades that will be marked by its transition toContinue reading “Ethereum can expect prices to hike when this happens”

Of late, people have started looking at tokens of decentralized protocols, as viable long-term investment options. In the crypto-industry, the term decentralization is usually tossed around as an absolute. However, that isn’t exactly the case. Decentralization, can be considered a spectrum, and a few protocols such as those built on Ethereum are way more decentralizedContinue reading “What makes Filecoin, Graph viable for long-term investment, along with Ethereum”

Bitcoin’s movement on the price charts has been quite restrictive of late. Even though the market’s king coin visited $50k for brief periods over the past three days in succession, it hasn’t been able to jump above the same. In fact, BTC was trading at $49.8k at the time of writing. The market’s mood swingsContinue reading “Assessing what Bitcoin’s price will look like in the coming days”

After registering a couple of long green candles on the 30-minute chart, Ethereum’s price momentarily breached $4k on Friday. In fact, the market’s largest alt evidently fared better when compared to Bitcoin, over the past week. The former managed to appreciate by over 21% while the latter’s value witnessed a mere 2% uptick in theContinue reading “Assessing Ethereum’s likelihood of surging to $4500 soon”

The XRP v. U.S. Securities and Exchange Commission lawsuit has been unfolding for almost 9-months now. With new developments occurring frequently, the case shows no signs of concluding anytime soon. And now, the largest decentralized exchange, Uniswap and its developers, are now under the SEC’s radar. As highlighted in an earlier report, the SEC isContinue reading “Does the SEC investigation spell trouble for Uniswap investors”