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Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders: Source: Twitter. Adams was referring to a recent Messari report, which summarized the token distribution for some of the most popular Ethereum (ETH) alternatives launched in the last couple of years. There are four main distribution categories: public presale, community allocations, insiders, and each project’s respective foundations. Source: Source link

The price of Bitcoin (BTC) has surpassed $13,745 and is now en-route to the next major resistance level. Traders have suggested that $13,875 is the nex key short-term area for BTC for two major reasons. First, Bitcoin peaked at $13,970 on Jun. 26, 2019. Technically, the previous peak achieved more than a year ago still serves as an important area for sellers. Second, technical analysts say that the weekly candle chart of Bitcoin shows $13,875 as the next “logical resistance.” The major… Source link

Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Litecoi long-term market and its impact on the price. The ball has been set in motion for an altcoin rally as Bitcoin sees a renewed interest in the market. Although many altcoins were devoid of much volatility in the past, this rally has provided a chance to break out of the consolidation and move higher. Litecoin [LTC] has been reaping benefits of this Bitcoin-driven growth and has been trading… Source link

Bitcoin (BTC) price has been showing impressive strength in the previous weeks and today the price made a new 2020 high at $13,666. This momentum was made alongside weakness in the U.S. dollar and many analysts believe that as long as the dollar remains weak, Bitcoin and other safe-haven assets will do well. However, as Bitcoin shows strength, altcoins are failing to follow suit and most altcoins are selling off against BTC. Bitcoin’s dominance rate has been rising in the previous weeks and… Source link

Bitcoin (BTC) hit new highs of $13,480 on Oct. 27 as fresh news that a bank was entering the cryptocurrency space fuelled already bullish markets. Cryptocurrency market daily overview from Coin360 Bank news drives BTC price to $13,480 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD climbing once again during Tuesday trading, adding 2% in just over an hour. The move followed an as yet unconfirmed news that Singapore bank DBS had decided to build a cryptocurrency exchange… Source link

Bitcoin (BTC) might be in the early phase of a major new bull cycle, a key on-chain metric suggests on Oct. 27. The dominant cryptocurrency has entered the “belief zone,” which historically marked the start of explosive rallies. According to Glassnode, the last time the Net Unrealized Profit/Loss (NUPL) reached the belief zone was in June 2019. In the month that followed, Bitcoin rose from around $7,500 to $13,868 by over 80%. The NUPL of Bitcoin on top of its historical daily chart…. Source link

Bitcoin (BTC) may be down less from its all-time highs than any other cryptocurrency, but 2020 has so far been the year of Chainlink (LINK). In the latest edition of its Weekly Insights report on Oct. 26, The TIE noted that Chainlink has outperformed every other cryptocurrency with year-to-date returns of over 600%. Bitcoin down least vs. all-time highs Comparing altcoin performance, the report also highlighted Cardano (ADA) with 224% returns, Ether (ETH) on 217% and Monero (XMR) on 182%. The… Source link

Source:https://cdn.pixabay.com/photo/2017/12/17/14/12/bitcoin-3024279__340.jpg Banking giant JPMorgan states in a new analysis that the Bitcoin price may double or triple if the current trend continues. According to the analysts, Bitcoin can take decisive market shares from gold and serve as a future store of value. The Bitcoin price bounced back again yesterday at the $13,240 mark and fell to $12,765. After a short time, new buyers entered the market and Bitcoin was able to recover at the… Source link

Bitcoin (BTC) stayed above $13,000 on Oct. 27, but one analyst is warning that the largest cryptocurrency is due for a major correction. In a tweet on Tuesday, on-chain analyst Cole Garner forecast that BTC/USD could soon end its bull run and suddenly move lower in a “Hell’s candle” event on the daily chart. Garner to traders: “Watch your ass” Garner eyed Brave New Coin’s Bitcoin’s liquid coin index (BLX), a price calculator designed to assess at which price points liquidity… Source link

According to various on-chain data, Ethereum miners are selling across cryptocurrency exchanges. The trend has been evident in the price of the ETH, which has noticeably stagnated against Bitcoin. The price of Ethereum struggles against Bitcoin, but there are potentially positive catalysts for … [+] ETH in the medium term. Getty Images On October 20, Forbes Crypto reported that the cryptocurrency market is portraying unusual market dynamics. Ethereum has… Source link