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After Cardano surged to become sixth-biggest cryptocurrency by market cap last week, Messari co-founder and CEO Ryan Selkis still believes traders could buy and stake more of the altcoin. In his newsletter, Seliks said lower staking rates for Cardano (ADA) could mean a higher reward payout for investors who are “wondering if they’re late to the party.” The Messari co-founder says one of the catalysts for the token’s recent surge — up 85% as of July 8 — is Shelley, an upcoming possible hardfork upgrading its ecosystem. “The potential discrepancy…
Chainlink (LINK) rallied more than 40% and traded to a new all-time high at $8.530 against the US Dollar. It is currently correcting lower, but dips are likely to find support near $7.200. Chainlink token price extended its rally above the $7.500 and $8.000 resistance levels against the US dollar. The price traded to a new all-time high at $8.530 and it is currently correcting lower. There is a major bullish trend line forming with support at $7.000 on the 4-hours chart of the LINK/USD pair (data source from Kraken).…
Investors in Japan increased their crypto holdings during the early stages of the pandemic before the government issued economic relief payments. According to a July 13 report from Japanese news outlet Nikkei, the Bank of Japan revealed that the supply of M3 in the country — a measure of various money stock in circulation — increased 5.9% in June to $13.5 trillion. The amount of liquid assets available to residents of Japan has increased following the government issuing 100,000 yen — roughly $936 — stimulus payments to individuals, 300,000 yen…
Bitcoin is holding the $9,120 and $9,200 support levels against the US Dollar. However, BTC is facing a confluence of resistance near $9,400, above which it could start a strong rally. Bitcoin is slowly rising and trading above the $9,200 support zone. The price is trading well below the $9,400 resistance, but above the 100 hourly simple moving average. There are two bearish trend lines forming with resistance near $9,320 and $9,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must settle above both…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Signals indicate that Bitcoin is repeating history and may in fact rally like it did in 2017. John McAfee lied about bitcoin hitting 1 million. USDC back on the table. All the top cryptocurrency news everyday. Reference articles Article 1 – Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC Article 2 – THE LAST TIME THIS ON-CHAIN SIGNAL WAS SEEN, BITCOIN RALLIED 2,000% Article 3 – John McAfee Calls His Own $1M Bitcoin Price Prediction…
There’s been talk about Bitcoin’s “Hash Ribbons” over recent days. The Hash Ribbons is an indicator that derives signals from crosses in the short-term and long-term moving averages of the hash rate of the Bitcoin network. Crypto investors have begun to discuss it because they said it was on the verge of printing a bullish signal of macro importance. According to the creator of the indicator, the signal in question was just confirmed three hours ago (as of this article’s publishing). Bitcoin Just Confirmed a Bullish Signal of Macro Importance…
Today the price of Chainlink (LINK) soared by more than 34% to reach a new all-time high at $8.48 and also notch a market capitalization of $2.5 billion. Three key factors that likely pushed the price of LINK to a new record high were: high-profile partnerships, price discovery, and the strong momentum that currently drives the altcoin market. Crypto market weekly price chart. Source: Coin360 Price discovery drives LINK price higher On July 6, the price of LINK surpassed its previous record high at $5.31 and officially entered a price…
Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia. As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes are expected to begin in October, presumably at the G20 Finance Ministerial and Deputies Meetings in Washington DC and before the next summit in Riyadh in November. According to the Japanese news outlet, G20 officials enacted the policy change…
Shocking many traders, Chainlink (LINK) continued to rocket higher after our last update on the cryptocurrency. Published about two hours ago, the altcoin had passed above $7.00 for the first time ever. Now, LINK is trading at $8.21 — touching $8.50 just minutes ago as the asset has truly gone parabolic. Chart of LINK’s price action over the past two days from TradingView.com This means that over the past 24 hours, the asset is up by more than 35%. And over the past two days alone, it is up by…