The Monero price has been in recovery mode recently after it dropped by 40% in February to a low of $171. Today, the XMR price is trading at $265, which is 54% above the February  23 low. Its market cap has risen back to $4.65 billion but its ranking has dropped to 28. What happened: Monero is a popular cryptocurrency that is known for its strong encryption and privacy. Unlike Bitcoin whose transactions can be tracked, Monero transactions can never be… Source link

The strong Ethereum (ETH) price rally has recently hit a wall. This week, ETH price surged to its all-time high of $2,145 and then erased some of those gains. Yesterday, it dropped to $1,925, which was the lowest level since April 1. Its market cap now stands at $233 billion, according to data compiled by CoinMarketCap. What happened: Ethereum has been on a strong rally in the past year, helped by low interest rates and the overall interest in digital… Source link

Ethereum Ethereum slid by 7.06% on Wednesday. Reversing a 0.26% gain from Tuesday, Ethereum ended the day at $1,964.23. A bullish start to the day saw Ethereum rise to an early morning intraday high $2,128.99 before hitting reverse. Falling short of the first major resistance level at $2,161, Ethereum fell to a mid-day intraday low $1,929.69. The sell-off saw Ethereum fall through the first major support level at $2,056 and the second major support level at $1,998. A choppy 2nd half of the day… Source link

Litecoin price pulling back slightly after nearing February high. Symmetrical triangle continuation pattern remains live. Weekly Relative Strength Index (RSI) no longer overbought. Litecoin price broke above the upper trend line of the symmetrical triangle on April 3 and has followed through this week, with price coming up just short of the February high at $247.00. The mild pullback near the February high is not unusual and should not be a reason to call the end of… Source link

Gradually, then suddenly. It is the way that Hemingway penned the process of going bankrupt: first comes a series of incremental steps which bring you closer to bankruptcy, until reality hits you and a sudden realization of what has occurred dawns upon you. This process can be thought of as a universal one: it applies to many things in life, like achieving success, declining health or the once-in-a-lifetime emergence of a brand-new asset class. Across the “gradually, then suddenly”… Source link

Litecoin price formed a ‘W’ pattern, also known as a double bottom on the 12-hour chart. Several on-chain metrics give LTC the upper hand as there is weak resistance on the way up. LTC must conquer a key resistance level for a potential breakout towards $300. Litecoin (LTC) has been trading in a 12-hour uptrend since March 25 but suffered a 12% correction in the past 24 hours as the entire crypto market plummeted. The digital asset is poised for yet another leg up… Source link

Monero showed bullish behavior as it approached the crucial resistance level of $282.9. Algorand awaited more signals to break away from its range, while Hedera Hashgraph was tipped to lose out on its $0.308-support. Finally, Enjin Coin projected a subdued market if the price falls below its long-term moving average line. Monero [XMR] Source: XMR/USD, TradingView Monero’s market bulls ignored bearish divergences mentioned in a previous analysis and continued to push north on the 4-hour… 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: What Is a Non-Fungible Token and Why Are They… Source link

Over the last couple of years, more and more publicly traded companies have entered the cryptocurrency sector in some form or another. Some have opted to add new products and services catering to the nascent market, while others have put Bitcoin directly on their balance sheet.  This means that a public company’s association with Bitcoin or cryptocurrency doesn’t necessarily mean purchasing the stock will offer exposure to price movements within the asset class itself. Below, we review five… Source link

Mark J. Rebilas/Getty Images Billionaire investor Mark Cuban has praised the controversial upgrades to the Ethereum network, saying they should make it more eco-friendly and help the system’s applications “dwarf” bitcoin. Speaking on the Unchained podcast, Dallas Mavericks owner Cuban said the move to a more efficient system will mean “the holdback of the impact on the environment will change immediately.” “That is going to give some people a reason to use Ethereum as a store of value… Source link