Most of the market’s top coins witnessed a decent rally over the past week. Two of the most prominent alts, Litecoin and Chainlink, were able to fetch their HODLers 14.3% and 8.28% in the weekly time window. In fact, their press time valuation stood at $175.65 and $26.83, respectively. A lot was happening on both these networks of late. For starters, just a couple of days back, Chainlink Oracles went live on Arbitrum One, an ETH L2 scaling solution. The integration would now enable… Source link

Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance. Although Ether is not yet a fully deflationary asset, the upgrade paved the way for Eth2, and the network is expected to abandon traditional mining and enter the Source link

2021 has been an incredible year for bitcoin, ethereum, and a great number of the world’s most popular digital assets. While bitcoin has gained around 300% during the last 12 months and ethereum has risen by 630%, a large swathe of crypto assets saw much larger gains. 12-Month Stats Show a Slew of Relatively Unknown Tokens Outperformed the Top Ten Crypto Assets by Market Cap After the March 12, 2020 market crash that wreaked havoc on nearly every… Source link

Bitcoin (BTC) bounced at $46,000 support on Aug. 14 after an attempt to crack major resistance ended in rejection. BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Bitcoin rejects at $48,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to tackle a giant sell wall during Saturday, only to reverse downwards to Friday’s levels. As Cointelegraph reported, the area of seller pressure from $47,000 and upwards had been a formidable feature on the daily chart… Source link

Even though Bitcoin controls almost half of the entire crypto market, altcoins play a very important role in uplifting the market as well. Looking at the recent performance of some major altcoins, it appears that they have the potential to take the altcoin market cap (Altcap) to higher major levels.  Are altcoins worth it? They very much are. Recently, many altcoins made significant gains in the last couple of days. The altcap has been rising steadily over the previous 2 weeks standing at… Source link

Bitcoin (BTC) at $47,000 is turning heads but is in fact only the “worst-case scenario” for one of its most popular analysts. In a tweet on Aug. 13, PlanB, creator of the stock-to-flow family of Bitcoin price models, reiterated that $47,000 should be just the beginning for BTC/USD. Bitcoin price no longer in its “worst case scenario” Following the May miner rout from China and accompanying BTC price crash, long-established price models based on the stock-to-flow principle saw a major test of… Source link

Ethereum Ethereum rallied by 9.10% on Friday. Reversing a 3.64% fall from Thursday, Ethereum ended the day at $3,324.51. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,034.52 before making a move. Steering clear of the first major support level at $2,938, Ethereum rallied to a late intraday high $3,330.00. Ethereum broke through the first major resistance level at $3,198 to end the day at $3,300 levels. At the time of writing, Ethereum was down by 0.26% to… Source link

Ethereum price is primed for a 15% climb after ETH consolidates within the price range. A slice above the upper boundary of the governing technical pattern could put $3,800 on the radar. Should Ethereum price witness its uptrend retreat, there appears to be ample support for ETH above $3,000. Ethereum price is ready for a 15% bounce as ETH continues to set higher highs and higher lows. The bulls are aiming for a rally toward $3,800 next should it be able to conquer a critical level of… Source link

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Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day.  The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June.  A key threshold is the 200-day moving average of the price, currently around $45,000.  “The 200-day moving average is pivotal in the day trader’s mind,” Matt Blom, head of trading for the… Source link