Technology

Bitcoin crashed to a weary low of $35,000 yesterday before stabilizing and moving sideways. It is a worrying time to be Bitcoin HODLers but, 2022 has been a turbulent year for them. Beginning with tightening fiscal policies, and then subdued by geopolitical headwinds, the worries are evident. But is there any hopeful news around theContinue reading “The Bitcoin conundrum: Metrics depict conflicting views for BTC”

Polygon recently commissioned a report to study the Layer 2 scaling solutions and create a framework for comparison. It uses the example of the Ethereum for studying layer-1 ecosystem challenges and throws light on ETH layer-2 scaling solutions. Notably, the Ethereum market cap increased multifold from its previous high of $125 billion to approximately $500Continue reading “Ethereum: Can this new trend become a cause of concern ahead of the ‘Merge’”

Bitcoin and altcoins just concluded a bearish month in April and are currently waiting on the next catalyst. Although the markets are due for some bullish correction, investors remain cautious especially with the upcoming Federal Open Market Committee (FOMC) conference. Bitcoin and most of the top altcoins have been experiencing significant sideways action in theContinue reading “How today’s FOMC conference can affect your Bitcoin and altcoin holdings”

Cardano’s native cryptocurrency ADA extended its bearish performance for another week after breaking through its support line. However, the cryptocurrency is now showing signs of a potential trend reversal that might pave way for a bullish uptick. ADA traded at $0.78 at the time of writing, which is roughly 36% below its $1.24 peak inContinue reading “Cardano [ADA]: As April ends on a bearish note, what does May have in store”

Crypto Compare released their monthly report recently. The report focuses on development and adoption of various product types by analyzing AUMs, trading volume and price performance. April was a difficult month for the crypto industry with the flagship tokens largely faltering. Data up to 27 April says that BTC fell by 16.3% and ETH droppedContinue reading “With April seeing largest average outflows of 2022, is recovery a distant dream”

AVAX recently broke through its support during the bearish market conditions that prevailed over the last few days. It has been trading within its support and resistance range since January, but its breakout might be short-lived. AVAX saw sustained selling pressure near its support level during the weekend, resulting in more downside below support. ThisContinue reading “What AVAX’s breach of its support means for a possible reversal”

Litecoin has been trading at a discount from its previous ATH just like many other cryptocurrencies. However, LTC’s latest performance puts it in oversold territory especially now that it has dipped its toes below $100 once again. Litecoin traded at $389 at its peak in May 2021 and has not managed to rally back toContinue reading “Litecoin: Amid heavy selling pressures, indications point at a possible 60% rally”

Bitcoin has hovered around its ascending support line since mid-April after failing to secure enough buying volume to trigger a healthy bounce-back. Its performance over the last 5 days confirmed that as it finally broke through the support line for the first time this year. Bitcoin has been trading within an ascending support and resistanceContinue reading “Bitcoin [BTC]: This may be a sign of what’s coming next”

Algorand remains one of the top blockchain networks thanks to its focus on innovation and sustainability. However, its native cryptocurrency ALGO has had better days and is currently trading in a critical price point. ALGO traded at $0.70 at the time of writing and has been on a bearish performance since the start of April,Continue reading “Here’s why ALGO is a great long-term pick at its current price range”