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Qtum Trades Below $3 with a Complete Bearish Crossover
15.9.2020
Qtum—the Proof of Stake based smart contract platform is built on Bitcoin’s UTXO transaction and the native token is currently trading at $2.585 against the greenback. It was earlier in the year when the price crashed and hit an All Time Low around $0.70. In a period of 5 months, QTUM/USD...
TrueUSD (TUSD) Trades in Bearish Mode Below $1
15.9.2020
TrueUSD is a US Dollar pegged stable coin and ranked amongst the top 50 cryptos of the market, holding a price movement around $1 with few intermittent candlewicks rise. TrueUSD is a provision of the TrustToken Platform, which has its partnerships with registered fiduciaries and banks that hold...
Steem Extends Towards Bullish Crossover; Yet Trades Below $0.20
14.9.2020
STEEM, at the time of penning down this analysis, was seen trading at $0.182 against the greenback. STEEM price declined after a notable price consolidation until the beginning of the previous month when it reclaimed a 3-month height briefly. However, the currency lost all the farfetched gains...
Komodo Retrieves Gradually in the Intraday; Trades at $0.65
12.9.2020
Komodo, at the press time, was trading at $0.658 after testing supports as low as $0.55 in the previous week against the US Dollar. The hybrid currency, including Proof of Work and Proof of Stake, marked a YTD high $1.0, while the current momentum shows a negative bias in the market. After...
THETA Regains the Lost Momentum; Trades Close to $0.50
10.9.2020
THETA was seen trading with a positive move against the US Dollar and is currently trading at $0.492, slightly below the major resistance marked at $0.50. The token has definitely drawn a positive crossover in comparison to the previous week’s bearish movement around $0.40 after the steep...
ICON Extends the Bearish Run; Trades Below $0.45
10.9.2020
ICON extends its negative bias in the market since the previous week, and alongside, as we end the first ten days of the ongoing month, the bearish crossover lingers. ICX, after having breached the 22-month resistance at $0.80, has gradually pulled back by over 45%. And with the downside correction...
Cosmos Trades Below $5.5 with Lack of Short-Term Support
10.9.2020
Cosmos, one of the most lucrative platforms amongst the top 25 projects in the global crypto market that solves issues about scalability, usability, interoperability, and the most customizable blockchains. However, due to loss of momentum, the coin has hit supports as low as $4.5 in 2 weeks from...
Decred Dips Over 40% In 15 Days; Trades Below $15
9.9.2020
Decred—one amongst the top 100 coins of the cryptocurrency market, is a hybrid of Proof of Work and Proof of Stake to make it a secure, adaptable, and sustainable medium of exchange. Decred aims at becoming a Decentralized Autonomous Organization aiming to extend complete security and privacy....
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
8.9.2020
According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin...
Holo Pulls Back Due to Lack of Traction; Trades at $0.000683
3.9.2020
Holo—one of the decentralized blockchain platforms ranked amongst the top contenders of the market that uses peer-to-peer networking for consensus mechanism between users and processing agent-centric agreement. HOT token’s native platform aims to ease the file-sharing process on a decentralized...
Loopring (LRC) Trades Bullishly & Breaches 2-Year Resistance
2.9.2020
Loopring is open-sourced protocol to give a high-level throughput. It powers highly scalable DEXs by batch-processing thousands of off-chain requests with completely correct executions through ZKPs. The native token of the decentralized exchange is one of the lucrative DeFi supporting cryptos...
0x (ZRX) After a Slight Decline Trades Bullishly Above $0.60
1.9.2020
ZRX—a decentralized powering exchange is an open protocol that sanctions peer-to-peer exchange of assets on the Ethereum blockchain, built on 0x API holding $75 million of total volume with 713k transactions. 0x has been active with enticing lucrative projects, and with this, it has 22-month...
Compound (COMP) Draws a Parabola Growth Curve; Trades at $270
1.9.2020
Compound, an algorithmic, autonomous interest rate protocol built for empowering the governance of its community, will lead to a mass upgrade of the protocol by the ecosystem built. The change in the dynamism of the protocol is done by COMP token holders, and then their delegates debate, propose...
Elrond Draws a Gradual Downtrend and Trades Below $0.020
31.8.2020
Elrond—a tremendously modular, quick, and firm blockchain platform for distributed apps, enterprise use cases, and for the new internet economy records mainnet bootstrapping progress at stupefying speed. This advancement will lead to staking and delegation before the mainnet launch and functioning...
Ontology (ONT) Tests Major Support as it Trades at $0.85
27.8.2020
Ontology, after breaching the 6-month resistance with constant strengthening after the major market crash in March, is currently trading at $0.857. ONT has been one of the stupefying altcoins and has been a gainer just at the onset of the year when the price rose above $1, as high as $1.09. On...
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...
Ethereum Trades Above $400 With Complete Bullishness
24.8.2020
Ethereum—the foremost and massive altcoin by market capitalization, ranked right after the king of cryptocurrency—Bitcoin is currently trading above $400. ETH coin with a complete bullish crossover on the daily chart rose as high as $469 in the ongoing month and is currently trading with a...
Monero Experiences Intraday Boom; Trades Above $100
21.8.2020
Monero (XMR), at the time of penning down this analysis, had breached yearly high above $100 and $105 at $106. After drawing a declining trend in the 2nd half of the previous year, XMR coin strengthened at the onset of the year as it gained over 100% in 6 weeks from trading below $50 at …
New Crypto Market AI Prediction System Wants To Automate Crypto Trades
20.8.2020
U.S. financial services business Capital One has developed a new system to predict crypto market trends with the use of artificial intelligence (AI), contributing to the company’s trading activities. To safeguard the intellectual property of the solution designed to make crypto trades more rooted...
Chainlink (LINK) Appears Bearish Yet Trades Above $15
19.8.2020
Chainlink has been the most talked-about crypto of the year as it experiences an escalating price momentum after trading laterally until now. Moreover, it has been in this year itself that Chainlink has lured many strategic partnerships until now and its native token—LINK is fetching all...