May 3, 2020

Ethereum Gearing For Another Lift-Off to $250: Rally Isn’t Over Yet

May 3, 2020 boss

Ethereum is following a strong bullish path above the $200 support against the US Dollar, similar to bitcoin. ETH price is likely to continue higher towards the $240 and $250 levels. ETH price corrected lower from the $227 high, but found support near $202 against the US Dollar. It is currently rising and trading with a positive angle above the $212 level. There is a crucial bullish trend line forming with support near $212 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate…

Compound Implements HIstoric Community-Driven Governance Proposals

May 3, 2020 boss

Decentralized finance, or DeFi, protocol, Compound, has implemented its first two community-driven governance proposals in the past week. The proposals come ahead of the launch of Compound’s Governance token (COMP) — which will be used to facilitate community-driven protocol upgrades and development. Compound implements community upgrades The first proposal asked the community whether the Compound protocol should introduce support for Tether (USDT), inspired by a September 2019 poll that saw Tether and Maker (MKR) rank as the top two most-requested crypto assets for Compound. The vote saw over 90% of…

Bitcoin Highly Bullish Despite Correction; Here’s What Could Propel it to $10,000

May 3, 2020 boss

Bitcoin is trading in a solid uptrend above the $8,400 and $8,800 support levels against the US Dollar. BTC is rising and it looks set for a larger rally above $9,500 and $9,800. Bitcoin corrected lower from the $9,480 swing high and tested the $8,400 support zone. It is likely to continue higher and it could rally above the $9,500 resistance. There is a major bullish trend line forming with support near $8,950 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct a…

Bull Flag Breakout Brings Bitcoin Price to $9,200 — Altcoins Follow Suit

May 3, 2020 boss

Bitcoin (BTC) price has risen over the $9K mark for the second time in 24-hours. On Saturday the day bulls managed to push the price of the top listed crypto-asset on CoinMarketCap to $9,010 but the price quickly rejected at the top of the bull pennant and pulled back to the $8,800 support before making a successful second attempt at breaking out. Crypto market daily price chart. Source: Coin360 The breakout brought the price to $9,200 and at the time of writing Bitcoin price has pulled back to the $9,100…

Stock-to-Flow Creator Says Bitcoin is ’Not a Toy Anymore’

May 3, 2020 boss

Crypto analyst and Twitter personality, PlanB, recently said Bitcoin is serious business as he recapped the asset’s journey over the last decade. “This thing is not a toy anymore,” PlanB told Peter McCormack in a May 1 podcast episode. “It’s maybe not an asset anymore as well,” he said, adding, “It is going to be much bigger than that.” PlanB created a concept for Bitcoin’s growth compared with its supply PlanB is known around the crypto space for his stock-to-flow model. The model takes into account Bitcoin’s block reward, or…

Stock-to-Flow Creator Says Bitcoin is ’Not a Toy Anymore’

May 3, 2020 boss

Here’s Why Analysts Think More Upside Is Imminent

May 3, 2020 boss

After trading below $9,000 ever since the blow-off top on Wednesday, Bitcoin has been subject to a strong recovery over the past couple of days, culminating in a breakout seen this past hour. The cryptocurrency, as of the time of this article’s writing, is trading for $9,150 — more than 9% higher than the post-rally lows of $8,400 and up approximately 4% in the past 24 hours. Yet BTC is still a few hundred dollars shy of the $9,500 top. Chart from TradingView.com Bitcoin’s breakout comes in spite of a…

Here’s Why Analysts Think More Upside Is Imminent

May 3, 2020 boss