, ETMarkets.com| 24 Aug 2021, 10:30 AM IST 1/8 Unworthy Candidates It might be time to remind the millennials that all that glitters is not gold. At least some cryptocurrencies — the new-age investment asset class — are on the verge of extinction. After all, not all tokens are created equal. Here are some cryptocurrencies that may be unworthy of a slot in your investment portfolio: iStock 2/8 1. Shiba Inu Holders of the meme tokens are not giggling anymore. Shiba Inu promised to deliver a whole… Source link

Prominent crypto strategist and trader Michaël van de Poppe is keeping a close watch on XRP, Litecoin and two other altcoins that he says are close to waking up. In a new strategy session, the analyst tells his 116,000 YouTube subscribers that XRP is poised to rally and print a new all-time high.   “When you look at the USDT values of XRP, you can actually derive Fibonacci extension to make the next target zone. So when we do that by Fibonacci retracement, and we do it like… Source link

Bitcoin stalled after approaching the $50,000 resistance level on Monday. The cryptocurrency was trading at about $49,500 at press time and is up about 8% over the past week. Analysts expect a period of consolidation ahead of Friday’s option expiration date and news from the Federal Reserve’s annual economic policy symposium in Jackson Hole, Wyo.  “The trend is bullish; however, caution is to be exercised at these levels due to the decline in volume as well as resistance from April and… Source link

Bullish investors in bitcoin are cheering the virtual asset’s reclamation of a perch above $50,000 over the weekend, but the rally back above that threshold only served to renew bold predictions that the world’s No. 1 crypto will end the year at or above $100,000 a coin. “Bitcoin has recaptured $50,000; a big psychological victory for the cryptocurrency that will no doubt get people talking about how long it will be until we’re back in record… Source link

While bitcoin and a slew of other crypto assets have seen significant gains during the last month, a number of privacy-centric crypto assets have jumped in value as well. Monero has gained 19.4% over the last week, the token horizen jumped 6.8%, and zcash has spiked over 7% during the last seven days. Privacy-Centric Coins See Double-Digit Gains Over the Last Month Six of the most popular privacy coins are seeing… Source link

As of 10:30 a.m. EDT Monday, Monero (CRYPTO:XMR) coins were changing hands at $321.35 apiece — up 14.55% over the prior 24 hours on very heavy trading volume. The token’s rally was part of a broader cryptocurrency upswing, and also propelled by growing concerns about Bitcoin‘s (CRYPTO:BTC) non-fungibility problem. Monero is the largest privacy cryptocurrency in the world, with a market cap of $5.76 billion.   Image source: Getty Images. So what 

Pompliano Investments founder weighs in on investing in cryptocurrency and government regulation of the businesses on ‘The Claman Countdown’ The price of Bitcoin surged to a three-month high of $50,000 per coin on Monday. Bitcoin has surged to a three-month-high of $50,000 per coin on Monday (Photo courtesy of Coindesk) Meanwhile, rivals Ethereum and Dogecoin are trading at around $3,300 per coin and 32 cents per coin, respectively, according to real-time price tracking by Coindesk. 

What happened Bitcoin (CRYPTO:BTC) is back (baby). After months languishing in a $30,000 to $40,000 price channel, the granddaddy of cryptocurrencies surged past $50,000 per coin on Monday. What may surprise you, though, is that other cryptocurrencies are doing even better. Here’s how prices have changed over the past 24 hours (as of 10 a.m. EDT) for several of the biggest names in cryptocurrency, according to the price trackers at Coindesk:… Source link

Litecoin has been on the backburner for a while now. Despite being one of the oldest cryptos in the market, LTC has been overshadowed by Bitcoin and Ethereum. However, as the top 2 rallied, Litecoin too was able to surge on the charts. In fact, the crypto was able to breach the $180-level. Now the question is – Is it an equally strong investment too? Litecoin is looking up On the daily chart, trading at $188 at press time, Litecoin registered a hike of 75% in one month. At the time of… Source link

ETH/USD – Facing Bearish .618 Fib Resistance Key Support Levels: $3200, $3150, $2950. Key Resistance Levels: $3350, $3540, $3700. Ethereum is currently facing the same resistance it struggled with over the past 10 days, at $3350, provided by a bearish .618 Fib. This resistance already led to a retracement during the week as ETH sank to the support levels at $2960, provided by a .236 Fib and the 20-day MA. Earlier today, ETH recorded its highest price since May 19th:… Source link