Cardano Fails to Make a Breakout; Will ADA Sustain Consolidation?


Cardano blockchain remains under consolidation despite outperforming its competitors. Buyers losing strength near $0.55 creates a scenario for dumping ADA tokens and making a quick buck. Even the moving averages have failed to incite buyers into testing the resistance. Since launching the smart...

Polkadot (DOT) Registers Tiff Between Buyers-Sellers!


Polkadot ranks #10 in terms of market capitalization that is cumulatively worth a little below $10 billion, courtesy of the 4% profit booking witnessed on August 9, 2022. Despite holding stronger bearings, technicals have failed to incite buyers into taking action. The prolonged consolidation...

Reddit Community Points Ready for the Ethereum Mainnet Move


Offchain Labs, the developer behind the Arbitrum Ethereum (ETH) scaling solution, says it will help the social media platform Reddit move its community points system onto Ethereum’s mainnet. The firm was selected as the winner of the Great Reddit Scaling Bake-Off event earlier this year.... Read...

XRP Seems Bullish for the Short-Term: Will It Cross $0.5?


Ryan Fugger conceived Ripple to make banking transactions easier, and now it is managed by a US private company, Ripple Labs. XRP is the native cryptocurrency of Ripple, and financial companies like banks and AMCs use it to make faster transactions possible. Each transaction runs and validates...

Bitcoin and Ethereum Correct Gains, Altcoins Turn Red Too


Bitcoin price failed to gain pace for a move above the USD 24,000 level and started a downside correction below USD 23,500. It is currently (12:01 UTC) trading near USD 23,300 and is down almost 4% in a day and is unchanged in a week. Similarly, most major altcoins are also moving lower. ETH is...

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