Data shows Polkadot’s (DOT) price action is working as a predictor of Ethereum price moves for the past few weeks, what’s behind the trend? Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors. Anyone who’s been in the game since 2017 will recall the heated discussions revolving […]
Continue Reading
Polkadot snatches yet another oracle provider from a different blockchain. Distributed storage project Bluzelle will be collaborating with the Web3 Foundation to bring its oracle system for use in the Polkadot decentralized finance ecosystem. The project formally announced on Sept. 15 that it would integrate its services with the Polkadot network, specifically its price oracle […]
Continue Reading
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum. Most retail traders find it difficult to go against the herd and buy when the market is down. They generally wait for the price to recover and for improvements in sentiment before jumping in. […]
Continue Reading
DeFi’s meme coins are causing a stir within the crypto community, as some call foul, others see the upside. In recent weeks, talk of hotdogs, sushi and yams has infiltrated the crypto industry. Such references, however, are not as they seem and actually relate to assets in the decentralized finance sector of crypto. Over the […]
Continue Reading
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels. The President of the European Central Bank (ECB) Christine Lagarde said that the coronavirus pandemic has acted as a catalyst in boosting the adoption of digital payments in the European Union. Lagarde expects the […]
Continue Reading
Some are concerned the proposal could set a dangerous precedent. Polkadot (DOT) validator Web3Italy has been “slashed” and “chilled” after going offline for 14 hours on Aug. 10 and 11. This means that the validator has lost their staked tokens and been temporarily kicked from the network, respectively. Web3Italy went offline at the same time […]
Continue Reading
Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable? Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there’s an argument that the […]
Continue Reading
If the bulls can find momentum from the current bounce in Bitcoin and altcoins a short-term bottom may be in place. The short-term gyrations in crypto and stock prices are usually based on sentiment and technicals, while the long-term trends generally follow stronger underlying fundamentals. Therefore, if the fundamentals do not weaken, smart investors view […]
Continue Reading
Ethereum 2.0 will lose the first-mover advantage its first iteration had. How does it stack up against the extensive competition in 2020? After several years in development, Ethereum 2.0 is now more tantalizingly close than ever before. Despite a shaky start with the Medalla testnet, it seems that development is still on track. Prysmatic Labs […]
Continue Reading
Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move. Corrections are healthy for the strength of an uptrend because they shake out the excess exuberance and provide an opportunity to the traders who missed the bus earlier to make an entry at lower levels. About […]
Continue Reading