Until a few weeks ago, VeChain’s price, amid anticipation for POA 2.0 Phase 1, seemed to register an independent rally. On 16 November, as VeChain’s first phase of the Proof of Authority (PoA) 2.0 SURFACE consensus algorithm went live, the market expected a similar upswing in price. However, exposed by the broader market’s weakness, VETContinue reading “VeChain subverts market expectations, but what does it mean”

Bitcoin’s losses triggered a market-wide sell-off, pulling down the total crypto-market cap by almost 13% in just two days. Most of the top twenty altcoins noted sharp red candles, while some even presented double-digit daily losses. Meanwhile, the 12th ranked altcoin, Avalanche (AVAX), made another all-time high above $100, charting 11.75% daily and 9.36% weeklyContinue reading “Assessing whether AVAX’s impressive price run can really go on”

BTC has dipped by close to 10% over the last 24 hours, dropping below $60k for the first time in three weeks. This Bitcoin-led market crash pulled down the global cryptocurrency market cap to $2.55 trillion, down by over 10% in just a few days.   While this move has affected Bitcoin’s charts and ledContinue reading “Bitcoin: Gauging what the market top is as the rally weakens”

The DeFi space has accelerated at a pretty good pace of late, despite some setbacks in the first half of the year. In 2021 alone, the ecosystem reported a growth rate of over 20x. A lot of upcoming protocols like Abracadabra have made star entries recently too. Even so, platforms like Maker, Aave, and Compound areContinue reading “COMP’s incentive crisis and what lies ahead for alt’s price”

As Bitcoin took a dip under the $61K zone, Ethereum too couldn’t hold its ground strong for long. On the daily time frame, ETH traded at $4,177, noting an 11.54% daily price fall and 13.10% price loss on the weekly.  So, soon after Ethereum saw its highest weekly closing price of $4643 (vs USD onContinue reading “What’s contributing to Ethereum’s short-term price action; is it tied to Bitcoin”

The last week has been nothing short of a roller-coaster ride for Bitcoin marking yet another ATH, peaking close to $69,000. However, with the market currently consolidating, the majority of participants seem to be holding on to the gains as BTC finds new lower support.  Nonetheless, with the activation of the Bitcoin Taproot upgrade, theContinue reading “As Bitcoin oscillates close to $60K, here’s a lowdown on market conditions right now”

Partnerships and collaborations in the crypto-space have often acted in favor of assets’ prices. Last year saw a number of high-profile partnerships between cryptocurrency platforms and major sports leagues, teams, as well as players amid the NFT fever. This, in turn, pumped certain altcoins’ prices. One of the most recent instances of the same wasContinue reading “Partnerships to CHZ, BNB’s rescue, but here’s what’s next”

While most top altcoins hit new all-time highs as Bitcoin led the market, Polygon (MATIC) merely teased its investors with hopes of an ATH. It did so by testing the $2.2-mark. MATIC, on 3 November, climbed to $2.15. At the time of writing, it was since down by over 17%.  Even so, the 21st rankedContinue reading “A correlation with Bitcoin and what it means for MATIC”

Bitcoin, after facing a rather dramatic week, registered a quick comeback on the charts and was trading at $65,909, at press time. Over the past year, the crypto has recorded 311.43% ROI v. USD for its HODLers. In fact, despite the price consolidation, bearish months, and many FUDs, BTC’s narrative as an inflation hedge seemsContinue reading “Bitcoin still needs ‘this’ to strengthen its inflation hedge narrative”

Polkadot, after hitting an ATH of $55 on 4 November, has fallen considerably since, with the crypto trading at $45 at press time. In fact, the eighth-ranked altcoin was down 13.18% over the past week. However, with optimism around another ATH seemingly fading away, there were also some signs of relief for DOT HODLers.  MutedContinue reading “The key to Polkadot renewing its price rally on the charts is…”

After Bitcoin’s ATH of $69k on 10 November, not just the top coin, but the larger market has been somewhat mellow. However, even with the top two coins consolidating, there seemed to be some altcoins that presented double-digit gains as they rallied. Interestingly, the lending protocol landscape was one that seemed to be making theContinue reading “Lending protocols lead market recovery as Maker paves way for gains”

After hitting an all-time high of $69k on 10 November, Bitcoin has been seeing a lot of consolidation, moving within the $61.5k to $65.7k range. However, price consolidations after an ATH aren’t something the market naturally worries about. Even so, in the case of BTC, there seems to be considerable pessimism.  Nonetheless, the Bitcoin networkContinue reading “Bitcoin: How a possible market reset could pan out”