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Dogecoin Competitor Shiba Inu Erupts, Hitting $10,000,000,000 Market Cap As Bitcoin and Ethereum Tap Resistance

Capital in the crypto markets is shifting to meme coins as a new week kicks off. The Ethereum-based dog-themed crypto asset Shiba Inu (SHIB) soared 40% in the last 24-hours, briefly shattering a $10,000,000,000 market cap. The Dogecoin (DOGE) rival’s rise from $0.00001259 to as high as $0.00001762 comes just after Bitcoin and Ethereum tapped […]

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Altcoins Bitcoin

Solana, Avalanche, and Polygon Breaking Out as One DeFi Altcoin Carves Bear Market Bottom: Top Crypto Analyst

The crypto analyst who accurately called the 2018 bear market bottom for Bitcoin (BTC) says a trio of altcoins is in the midst of a breakout. The pseudonymous analyst known in the industry as Smart Contracter tells his 210,500 Twitter followers that Ethereum (ETH) challenger Solana (SOL) has taken out the resistance of its symmetrical […]

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Former Goldman Sachs Executive Makes High Conviction Call for Crypto Bottom Amid Shifting Macro Backdrop

Macro guru Raoul Pal says he believes with a high degree of certainty that the bottom for the crypto markets is in. In a new interview with asset management firm Arca, the former Goldman Sachs executive says that the macroeconomic environment that has kept the crypto market bearish for most of the year is beginning […]

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Crypto Strategist Says One Ethereum Rival Is Preparing for Liftoff, With Bitcoin (BTC) Bottom Likely In

A closely followed crypto analyst is predicting a surge for a popular Ethereum (ETH) challenger while saying that Bitcoin (BTC) may have already printed this cycle’s low. Pseudonymous analyst Cantering Clark tells his 142,300 Twitter followers that smart contract platform Solana (SOL) is gearing up for a move that could trigger a strong rally from […]

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Altcoins Ethereum

Coinbase Warns Polygon (MATIC) and Other Scaling Solutions Pose a Threat to Ethereum (ETH) Price – Here’s Why

Crypto exchange Coinbase is analyzing the impact that scaling solutions could have on the Ethereum (ETH) blockchain. In a research report, Coinbase says that layer-2 scaling solutions (L2s) could cannibalize Ethereum’s revenue. “The future of L2s could very well be a zero-sum game, as whichever L2 houses the majority of decentralized applications could one day […]

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Altcoins Bitcoin Ethereum

Anthony Scaramucci Warns Against Emotional Trading, Predicts Massive Gains for Bitcoin in Coming Years

SkyBridge Capital founder Anthony Scaramucci tells crypto investors to avoid knee-jerk reactions as he predicts a huge price tag for Bitcoin (BTC) in the coming years. In a new interview with CNBC, the hedge fund veteran cautions investors to “see through the current environment” and resist emotion-based trading. “You’re getting better-than-expected inflation data… I was […]

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Altcoins

Founder of Crypto Exchange Giant Huobi in Talks To Sell His Shares for Over $1,000,000,000: Report

The founder of crypto exchange platform Huobi is reportedly looking to sell his shares of the Seychelles-based firm for a over billion dollars. According to a new report by Bloomberg, Huobi founder Leon Li is in talks with investors to sell about 60% of his stake in the company that’s seeking a valuation of $3 […]

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Here’s What’s Next for Bitcoin, Ethereum, Solana and One Gaming Altcoin, According to Top Crypto Trader

Widely followed analyst Justin Bennett is weighing in on several top crypto assets as the markets finish the week on a high note. In the latest edition of the trader’s Cryptocademy newsletter, Bennett identifies $24,200 as being a crucial make-or-break level for Bitcoin (BTC). “Bitcoin is struggling to close above the $24,200 area that I’ve […]

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Altcoins

Under-the-Radar Altcoin Soars After Surprise Coinbase Roadmap Listing

A low-cap, decentralized finance (DeFi) altcoin is surging after top US-based crypto exchange Coinbase added it to its listing roadmap. Coinbase announced OOKI, the native asset of the Ooki Protocol, was added to the roadmap on Friday. The roadmap consists of crypto projects currently under consideration to be included on the exchange’s growing list of […]

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Ethereum Price Broke Past $1,800 Despite Higher Demand At Lower Levels

Ethereum price flashed recovery over the last 24 hours after it witnessed consolidation at the $1,800 price mark. Over the last week, ETH logged 20% appreciation. It has been a bullish week for the king altcoin. The last time the altcoin traded around this price level was almost two months ago. It had failed to topple over the $1,900 zone and had retraced shortly after that. The robust support line for Ethereum price was at $1,600. Ethereum price could possibly witness a sharp change once the Ethereum Merge goes live next month. The Merge is the transition from proof-of-work to proof-of-stake has been a highly anticipated event for the Ethereum community. This shift from proof-of-work shall diminish the altcoin’s power consumption by almost 99.5%. If the price of Ethereum manages to stay above the $1,900 mark for a substantial period of time, the coin will manage to touch the $2,000 mark price ceiling. Ethereum Price Analysis: Four Hour Chart ETH was trading at $1,918 at the time of writing. The coin had finally managed to move past the $1,800 price region. Ethereum price has to maintain momentum over the $1,900 mark in order to touch the $2,000 price mark. Overhead resistance for the coin was at $1,970. Local support level for the coin was at $1,700 and then at $1,600 respectively. Incase ETH loses vigour and falls to the $1,600 mark, the inability to sustain at that price level can push the coin to $1,300. The amount of Ethereum traded in the last session was falling which meant that selling pressure was declining at the time of writing. Technical Analysis The altcoin’s technical outlook depicted bullishness on the four hour chart. Buying strength for Ethereum also increased as Ethereum price travelled upwards on its chart. The Relative Strength Index was parked above the 60-mark indicating that buyers dominated the market at press time. If demand for ETH continues to rise, the altcoin might be overvalued leading to a possible price pullback. Ethereum price was above the 20-SMA line, which meant that buyers were driving the price momentum. The altcoin was also above the 50-SMA line which points towards the rising price of the asset. Related Reading: TA – Ethereum Price Faces Resistance As Merge Date Is Announced ETH’s other important indicators also depicted positive price action. Moving Average Convergence Divergence is supposed to display that price momentum and reversals in the same. MACD witnessed a bullish crossover and flashed green signal bars above the half-line registering buy signal for the asset. Directional Movement Index is responsible in determining the price direction of Ethereum. DMI was positive as the +DI line was above the -DI line. Average Directional Index (Red) was bordering the 40-mark which meant that the current price direction was gaining strength. Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Featured image from UnSplash, chart from TradingView.com

Altcoins

California Financial Regulator Slaps Crypto Lender Celsius With ‘Desist and Refrain’ Order Amid Bankruptcy

California’s financial services regulator is issuing a desist and refrain order to embattled crypto lender Celsius Network for violating state laws. The Department of Financial Protection and Innovation of California (DFPI) is ordering Celsius and its CEO, Alexander Mashinsky, to stop selling and marketing securities in the Golden State over claims that the company violated the […]

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Altcoins

Digital Assets Exchange Crypto.com Adds New Support for Surging, Under-the-Radar Altcoin

Singapore-based digital asset exchange Crypto.com is continuing its listing spree and rolling out support for another red-hot altcoin. On Thursday, the exchange listed the native asset of Gnosis (GNO), a protocol built on Ethereum (ETH) that’s designed as a decentralized prediction market. GNO, which is used for transferring value and validating transactions on the Gnosis […]

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