English economist John Keynes’ description of capitalism is rather interesting. “Capitalism is a rather astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone,” he said. This description somewhat resonates with another nascent space, that of cryptocurrencies, which among other things, has been targetedContinue reading “Assessing the good and bad of Dogecoin Co-creator’s crypto-criticism”

Accumulation in the Bitcoin market has become a frequently discussed topic within the crypto-community. With the previously subtle re-accumulation pattern expanding, coins have been shifting from weak hands to strong hands. That is, short-term participants are being seen bartering their new coins to long-term holders. That, coupled with the return of miners to the sceneContinue reading “This is what everyone got wrong about Bitcoin’s corrections “

Bitcoin, after sustaining itself above the $32.5k-level with a steady sideways movement for most of July, saw a surprise hit below this support on 14 July. This swift drop towards the crucial $30k level raised alarm among bulls and bears alike as the larger market saw a shift from weak hands to strong hands.  AnotherContinue reading “This ‘never seen before’ Bitcoin trend can lead to ‘further downside’”

Bitcoin has been humbly oscillating above the $32,500 support level since the beginning of this month. However, BTC’s value slumped by almost 5% in two days and was soon testing the said level again at press time. While BTC’s spot market is still more or less dormant amid the Binance conundrum and other factors, derivativesContinue reading “This might be a good sign for Bitcoin’s mid-term trajectory”

While the larger crypto-market sentiment seems to have taken a fall, DeFi adoption is keeping the flag up with an exponential growth pattern. The DeFi ecosystem is showing no sign of slacking off as it achieved a new milestone recently with its total number of unique addresses finally hitting the 3 million mark on 13Continue reading “What this means for DeFi’s ‘blue chips’”

It might not be a thumb rule but lately, it has been observed that Decentralized Finance [DeFi] often gains momentum whenever the larger cryptocurrency market gets stuck in the rut. Many DeFi applications have been the perfect showstoppers amid recent market corrections, but Uniswap [UNI] truly stole the show with its recent all-time-high social dominance. Continue reading “With Uniswap at a crossroads, here’s what to expect”

Yet another week followed by yet another incessant range-bound movement and seemingly tougher highs and lows for Bitcoin that sharply impacted the king coin’s social data. While there is no denying that several positive factors such as the increase in net growth users, whale holding, and accumulation by traders indicate a healthy long-term trajectory forContinue reading “How a drop in this Bitcoin metric can work in its favor”

The Cardano ecosystem has garnered some major headlines for itself amid the easing bearish cycle. Without a doubt, the altcoin is at a rather interesting crossroads now since the blockchain is on the verge of becoming smart contract compatible with the Alonzo upgrade scheduled for next month. Earlier this week, cryptocurrency asset manager Grayscale InvestmentsContinue reading “This potential Cardano catalyst could push its price to $5 by 2022”

More often than not, Bitcoin whales make more headlines than institutions and retail traders, and for all the right reasons. When it comes to directional markets, especially when it is Bitcoin’s, it becomes important to track the movements of large wallets. While concentrated institutional holdings of Bitcoin pose a risk of volatility and price manipulation,Continue reading “Analyst on Bitcoin: Why ‘you don’t want to be counter trading’ these guys”

As most altcoins cashed in on Bitcoin’s positive momentum and made gains, some alts rose more than others on the charts. One such alt that quickly shed its bearish momentum and noted a northbound rally was AAVE. In fact, at the time of writing, the Defi token was up by almost 45% on the weeklyContinue reading “AAVE: ‘Behold the power of the death cross’”

MKR prices have risen more than 40% since June 26 resulting in its price rising above the resistance mark at $2500. As the coin stood close to this critical resistance after testing it on June 30, speculations as to whether the coin would see a further rise were more prominent.  A recent report highlighted that MKR’sContinue reading “AAVE, MKR, UNISWAP, COMP: What this metric means for ‘DeFi’s blue chips’?”

LINK had a decent rally towards the end of last month and at press time it was trading a little above the $18 level. The alt’s price was up 6% in 24 hours and 13.65% in the past 7 days as it held a strong position at number 15 among the top 20 cryptocurrencies inContinue reading “Why this is ‘undeniable’ about Chainlink?”