Dogecoin has a superfan in Elon Musk, Ripple premined 1 billion XRP coins and Tether is a bridge between traditional money and digital currencies. Image: GettyImages/Yuriko Nakao If you’ve put off learning about digital currencies, now is the time to get up to… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

Ethereum Ethereum rose by 0.27% on Thursday. Following on from a 3.14% gain on Wednesday, Ethereum ended the day at $2,758.92. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,672.00 before making a move. Steering clear of the first major support level at $2,614, Ethereum rallied to a mid-day intraday high and a new swing hi $2,800.00. Falling short of the first major resistance level at $2,826, Ethereum fell back to sub-$2,700 levels and into the red. Finding late… Source link

The problem with investing in bitcoin is that it instinctively feels too good to be true. The largest cryptocurrency by volume is worth 600 per cent more today than a year ago, soaring from about $7,000 per bitcoin to $54,000 this week, along the way becoming one of the best performing financial assets of 2020. Despite including some extreme price swings, the year-long rally has so far defied fears of a repeat of bitcoin’s spectacular price crash of 2018. Eye-popping returns are making… Source link

The altcoin market has been able to hold on to its bullish momentum, taking into consideration the volatility present in the Ethereum market. XRP has been one such alt that witnessed 46% growth in the past three days. Meanwhile, Bitcoin’s bearish volatility has forced other alts to consolidate. XRP Source: XRPUSD on TradingView The XRP chart showed the asset’s run from $0.9414 to $1.44 over the course of two days. However, $1.44 was a tough resistance to crack and XRP began… Source link

Ethereum (CRYPTO:ETH) continues to power higher, hitting a new all-time high Thursday. Ethereum peaked at $2,800 and continues to have the second-highest market cap of cryptocurrencies behind Bitcoin (CRYPTO:BTC). The continued rise may be due to the potential in staking rewards for Ethereum 2.0. Below is a technical analysis of the crypto’s chart. Ethereum Daily Chart Analysis Ethereum broke out of an ascending triangle pattern and was able to retest the… Source link

Traders and analysts continue to talk up ether and alternative cryptocurrencies as bitcoin struggles to regain the $64,000 record price level attained weeks ago. Bitcoin (BTC) trading around $52,964 as of 21:00 UTC (4 p.m. ET). Slipping 3.6% over the previous 24 hours. Bitcoin’s 24-hour range: $52,622-$55,851 (CoinDesk 20) BTC below the 10-hour and the 50-hour moving averages on the hourly chart, a bearish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp since April… Source link

VeChain Foundation unveiled a massive grant program to further its real-world adoption and impact. VET price has recently tapped a demand zone and looks ready for blast-off.   XRP price is consolidating after a recent swing to the upside and indicates more gains are yet to arrive due to the formation of a potentially bullish setup. Litecoin price has been trading sideways for the past 24 hours after a breakout from a key pattern formed on the 4-hour chart…. Source link

In this episode of the BeInCrypto video news show, host Jessica Walker looks at the picks for May’s Top 5 Altcoins. We will look at relevant news and recent price movements. Dogecoin (DOGE) What else could be the number one on our list of top altcoins for May 2021 but dogecoin (DOGE)? Its price surged 20% yesterday after Elon Musk referenced the coin and his upcoming appearance on Saturday Night Live. Mark Cuban was also talking about dogecoin on the… Source link

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