The Monero price rally continued this week as part of the overall cryptocurrencies rally. It is trading at $450, which is slightly below the all-time high of $515. XMR has a market cap of more than $8.2 billion and is the 25th biggest digital currency in the world. What happened: For starters, Monero is a digital currency that was started by Nicolas van Saberhagen in 2014. He was inspired by the success of Bitcoin. In fact, his goal was the same as that of Satoshi… Source link

Litecoin price shows an increase in short-term bearish momentum that has led to a 4% decline. A breakdown of the immediate demand zone extending from $352.16 to $365.26 will result in a 7% drop. Investors can expect buyers to scoop up LTC at a discount, catapulting it upward by 25% to $413. Litecoin price shows a bearish bias that could result in a sell-off to a pivotal support barrier. A bounce from this level seems likely to push LTC to retest its recent swing… Source link

Widely-followed crypto trader Kaleo has sky-high expectations for Litecoin (LTC), Binance Coin (BNB), and one untapped altcoin. In a new tweet, Kaleo shows a chart indicating a massive price target for Litecoin at $2,000. “This is why I am buying spot Litecoin every day it’s under $500.” Source: Kaleo/Twitter As for Binance Coin (BNB), Kaleo sees the red-hot exchange token going on an explosive rally to the $1,000 level after it takes out resistance… Source link

The most recent Bitcoin mining subsidy halving occurred officially one year ago today, on May 11, 2020. In recognition of the event, let’s take a look back at what has transpired in the Bitcoin market over the last year and a look forward to what it could have in store. The Importance Of The Halving’s Quantitative Tightening Following the record plunge across all asset classes during the global liquidity crises at the beginning of March 2020, record monetary and fiscal stimulus had bitcoin… Source link

Getty Images SOPA Images/LightRocket via Getty Images I’ll make this one quick, because it’s pretty straightforward. If bitcoin doesn’t rally if and when stocks are under pressure due to inflationary worries (i.e., now), it will likely set off an excruciating downtrend as king crypto’s mythos unravels and people come to terms with what it’s likely been about all along: selling to the next guy. A lot of people have infamously written “bitcoin is dead” articles…. Source link

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Ethereum Ethereum rose by 0.54% on Monday. Following on from a 0.29% gain on Sunday, Ethereum ended the day at $3,949.45. A mixed start to the day saw Ethereum fall to an early morning low $3,893.01 before making a move. Steering clear of the first major support level at $3,775, Ethereum rallied to a late afternoon intraday high and a new swing hi $4,213.85. Ethereum broke through the first major resistance level at $4,033 and the second major resistance level at $4,137. Coming up short of $4,300… Source link

Bitcoin, after surging at the beginning of the year, has plateaued over the last couple of months. The bitcoin price nudged $65,000 per bitcoin in April before falling back slightly—with other, surprising cryptocurrencies stealing the limelight. Now, the chief investment officer of hedge fund Morgan Creek Capital Management has predicted the bitcoin price could soar to $250,000 within five years, arguing bitcoin “is going to become the base layer protocol for the internet of value.” … Source link

Ethereum, the second-largest cryptocurrency after bitcoin, has soared over recent months. The ethereum price, after beginning the year at under $1,000 per ether token, has smashed through $4,000—climbing alongside bitcoin and most other major cryptocurrencies. Now, an expert panel has predicted ethereum is set to soar to almost $20,000 by 2025, an increase of 400% from its current price, with “major upgrades” to the ethereum network potentially pushing it higher. MORE FROM FORBES

Topline Though the price of bitcoin has fallen over the past week, the cryptocurrency market is still soaring to new highs as investors plow into a booming crop of altcoins, or bitcoin alternatives, minting massive gains and echoing the crypto mania that led to a massive 80% market correction less than four years ago. Bitcoin’s down 1% over the past week, but a slew of other top tokens are up as much as 41%. Getty Images Key Facts The cryptocurrency market hit a… Source link