Ethereum Ethereum rose by 5.93% on Thursday. Partially reversing a 7.06% slide from Wednesday, Ethereum ended the day at $2,081.29. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,949.34 before making a move. Steering clear of the first major support level at $1,886, Ethereum rallied to a late intraday high $2,084.54. Coming in range of the first major resistance level at $2,086, Ethereum eased back to end the day at $2,081 levels. At the time of writing, Ethereum… Source link

Bitcoin has soared so far this year, climbing to a price of around $60,000 and helping the broader cryptocurrency market hit an eye-watering $2 trillion. The bitcoin price has soared by around 400% since its latest bull run began as long-awaited institutional adoption started to materialize and Tesla billionaire Elon Musk whipped the crypto market into a frenzy. Now, with many bitcoin and crypto analysts trying to call where the market top will be, a Bloomberg analyst has predicted the… Source link

Riccardo Spagni, also known by his Twitter handle “fluffypony,” who is the lead maintainer of Monero, recently shared his opinion on Mobilecoin (MOB) project. Taking to Twitter, Spagni claimed that MobileCoin was actually based on Monero and not CryptoNote, as the project “claims.” Stating that he was “disappointed” that there was no credit given to Monero devs for the project; he wrote:  Very, very disappointing. MobileCoin claims to be based on CryptoNote, but it’s not. It’s… Source link

Key Takeaways Riccardo Spagni of Monero has accused MobileCoin of using the former coin’s code without acknowledging its origins. Others have criticized MobileCoin for being overly centralized. The coin became more notable this week when Signal decided to adopt it as a means of payment. Share this article MobileCoin is facing criticism around the origin of its features, following accusations from a lead developer behind Monero. Did MobileCoin Borrow from Monero? MobileCoin combines Ring… Source link

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market cap, reached an all-time high of $2,151 earlier this week but has struggled to find support above $2,000. What Happened: According to a market intel report from Chainalysis, the cryptocurrency’s cost curve suggests that Ethereum’s peak price has a narrower base of support than Bitcoin (CRYPTO: BTC)’s peak price. The strongest level of observed demand for Ethereum (ETH) was at… Source link

Popular trader Nicholas Merten says Litecoin (LTC) is poised to significantly outperform Ethereum over the course of the next month. In a new DataDash video, Merten notes that LTC appears to be bottoming out against Ethereum. The trader reveals that he allocated a significant chunk of his portfolio into the Bitcoin fork as he believes it may rise significantly in its ETH pair. “At this range here, Litecoin historically did a 5x against Ethereum… That’s… Source link

“Conventional” Wisdom? Not Around Here… The chart you’ve just seen from EWI’s Crypto Pro Service is exactly what we mean when we say: “Analysis & forecasts you won’t see or read elsewhere.” Unique charts and analysis are a daily (and intraday) feature of our work in Crypto Pro Service, where we cover 7 major cryptos — including Bitcoin, Ethereum, Litecoin and Monero — 24 hours per day. Follow the link below for more. Source link

Ethereum, Bitcoin and other cryptocurrencies continue to trade well, with most up massively on the year.  In fact, many are fresh off new all-time highs or are just below those highs made earlier this year. It’s prompting many to ask what’s next for this asset group. For Ethereum, the cryptocurrency has a more recent catalyst catalyst: NFT. The market for NFTs – or non-fungible tokens – has taken off. We’ve seen athletes like Eli and Peyton Manning, artists, musicians, producers and… Source link

Diagonal chain made of zeros and ones. Cryptocurrency and mining. Bitcoin has been around for over a decade now and offered investors a major opportunity for the last few years. After its massive selloff in 2018, though, it wasn’t until 2020 when Bitcoin and the entire cryptocurrency industry began to see rapid gains once again. There are several reasons why Bitcoin is worth an investment today. So, it’s no surprise to see the digital currency rallying as fast as it has. There are other… Source link

The debate around the value of cryptocurrencies, and bitcoin in particular, continues in financial markets as leading institutional investors debate its role in portfolios. One strategist with an optimistic take on bitcoin’s value is Dhaval Joshi, chief strategist for BCA Research’s Counterpoint product. He shared questions from one of his skeptical clients and answered them. Joshi’s major argument is that bitcoin BTCUSD, +0.60% will… Source link