On 10 August, Solana was trading at around $40. A month down the lane, however, the cryptocurrency is now valued at close to $200. The alt’s <480% growth is something of a wonder, but not all that surprising. Here’s why – Investors galore Investment inflows into altcoins have always acted as catalysts for growth. OneContinue reading “Here’s the takeaway from Solana’s attempts to dodge market FUD”

During turbulent markets, some traders look to different options for steady gains on cryptocurrencies. Of late, for the same reason, yield farming has gained popularity as staking/ lending cryptocurrency for earning rewards through farming may offer higher returns than trading assets on cryptocurrency exchanges. Additionally, DeFi offers profits through a share in the liquidity poolContinue reading “Assessing the risk-free returns potential of Algorand, Avalanche, AAVE, COMP”

The 7 September flash crash came at an unfortunate time, just as Ethereum was challenging the $4k price ceiling. At the time of writing, the king altcoin had closed in the red for three days running. Here, the timing is especially interesting since it followed a rally of over 1.5 months. That being said, wasContinue reading “This Ethereum ‘safety net’ might have come to ETH’s aid during market corrections”

Bitcoin gaining momentum has been a good time for alts to rally. Over the past week, as the altcoin market cap broke out for an 18% move to the upside, there were speculations of a potentially stronger rally going forward. Amid this gala time, it was predictable that alts would see high sentiment scores andContinue reading “Stellar, Binance Coin can’t compete like Solana unless this happens”

Altcoins have rallied pretty well in response to Bitcoin’s recovery, several times in a row this season. At the time of writing, for instance, as Bitcoin stood above $51.8K, most alts were trading in the green on their one-day price charts. On the other hand, some alts were less affected in comparison. One such coinContinue reading “Polkadot reaching ‘escape velocity’ has this impact on Kusama”

The popular belief is that no news is good news. In case of Dogecoin, a similar notion could be observed in the market, as the 8th ranked alt faced strong psychological resistance at $0.305, but held well above the $0.27 mark.  Dogecoin has shown no to low gains of late, and while the market anticipationContinue reading “These could be hidden signs of an upcoming rally for Dogecoin”

Even after a nearly 75% jump over the last month, the king coin still seemed to be in the undervalued zone. Now, it is true that a section of experts have always found BTC to be undervalued. However, analyst Willy Woo recently noted that his “conservative” price estimate for Bitcoin according to a metric measuringContinue reading “This is why Bitcoin’s value should be $55,000 right now”

Over the last four months, XRP’s price action has been a rather interesting rollercoaster ride. The alt made a shooting move from $1.9 to $0.5. Now, with XRP back above $1.2, the market seems to be eyeing higher levels of  $1.35 followed by $2.44 and eventually a bounce above $6.39. However, are these mere speculations orContinue reading “XRP can make it to $6, provided these conditions are met”

Top altcoin, Ethereum was trading at $3800 after an exponential rally amid which it tested the $4,000 psychological level on September 3. It has managed to stay strong, keeping well above $3750. It it manages to recover above $3,860, a retest of the all-time high would be next on ETH’s cards.  So, how far canContinue reading “This could pave Ethereum’s path to $4300”

Bitcoin’s price dropped more than 50%, following the recent May-June price dip. Even though the market looked grim at the time, the chants of “buy the dip” didn’t fade away. In fact, many traders and analysts asserted that Bitcoin at $30K would be a steal deal. Then, as a fairly good recovery began on JulyContinue reading “Bitcoin: Those who bought the dip are making profits and how”

During the recent rally, while the top coins, Bitcoin and Ethereum rose significantly, there were other altcoins that performed well in terms of both, network growth and price. Notably, some top alts such as Cardano and XRP offer a low investment option to market players. This is unlike other bigger players, Bitcoin and Ethereum andContinue reading “Are Cardano, XRP, Litecoin, Binance Coin the ‘low-investment, high-return’ alts you need in your portfolio”

The ongoing rally has been particularly exciting for the market, especially for altcoins such as Cardano, Solana, and LUNA that made new ATHs. On the other hand, alts like Chainlink made surprising gains at press time after facing some consolidation.  The last week was quite bullish for Chainlink. In fact, as per its recent TwitterContinue reading “This may halt Chainlink’s rally to $35”