Category: Analysis

NVAX Stock Up 13%, Novavax COVID-19 Vaccine Shows Good Results

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Scientists have Novavax’s vaccine results to be impressive and exemplary. If the company gets more leads going ahead, it promises of producing 100 million doses by the start of 2021. On Tuesday, August 4, biotechnology company Novavax Inc (NASDAQ: NVAX) announced that it has found major success in the early-stage clinical trials for its coronavirus vaccine. Novavax said that its COVID-19 vaccine showed stellar immune response during the early-stage trials. The phase one trial saw over 131 healthy participants between a diverse age range of 18 to 59. Of these,…

Binance’s BNB Hits 5-Month High on $3M IEO Announcement; What’s Next?

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BNB, the native token of Binance crypto exchange, extended its rally on Wednesday to hit its five-month high. The latest upside move came after Binance Launchpad announced its support for a $3 million IEO by the Sandbox Game. It flipped BNB above a crucial resistance level, with an analyst predicting a bullish continuation towards an $80 valuation. Binance exchange’s native token BNB reached $23.81 a unit for the first time since February 2020. Traders moved into the world’s ninth-largest cryptocurrency following Binance Launchpad’s announcement to conduct a token sale for…

Tesla’s China Competitor Xpeng Motors Raised $400M Ahead Of U.S. IPO

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Xpeng Motors, a Chinese electric car manufacturer reportedly raised $400 million ahead of an initial public offering (IPO) in the United States adding onto $500 million that it raised in July. Xpeng Motors, a Chinese electric car manufacturer reportedly raised $400 million ahead of an Initial Public Offering (IPO) in the United States. Reliable sources say that the Tesla (NASDAQ: TSLA) rival was in discussions to raise $300 million. However, another investor came on board bringing the total to $400 million. This amount is an add-on to $500 million that…

Kyber Network’s KNC Jumps 16.5% in Two Days, Eyeing a 60% Rally

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KNC, the native token of Kyber Network – an Ethereum-based decentralized exchange, surged by circa 16.5 percent in just two days. The cryptocurrency’s latest jump appeared as Bitcoin rally paused below $12,000. Meanwhile, the KNC/USD exchange rate is trending inside a technical pattern that points to a 60 percent breakout move. DeFi token KNC showed signs of a healthy recovery after plunging by almost 40 percent from its all-time high at $2.05. A 60% KNC Rally Expected The Kyber Network’s asset surged by about 16.25 percent from its session low…

Microsoft Uses Cloud to Bring Netflix for Games Service

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Using the power of cloud computing in a $150 billion industry, Microsoft has unveiled a Netflix-styled Cloud Games to be launched on September 15. With cloud services responsible for driving Microsoft Corporation (NASDAQ: MSFT) fourth-quarter earnings, the tech giant is harnessing its cloud capabilities to launch Netflix-styled subscription games. The cloud gaming service will be integrated with the Xbox Game Pass app from Sept. 15. At launch, subscribers would be able to choose from at least a hundred games including Halo 5, Grounded, Destiny 2 and Gears of War 5…

Stellar (XLM) is About to See “Liftoff” if It’s Able to Hold One Crucial Level

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Stellar (XLM) is trading in a bullish zone above the $0.1000 support zone against the US Dollar. XLM price is likely to accelerate towards $0.1200 or even higher if it stays above the $0.1000 support. There was a sharp downward move from the $0.1168 monthly high against the US dollar. The price found support near the $0.0980 zone and it is currently trading with a bullish angle. There is a major bullish trend line forming with support at $0.1040 on the 4-hours chart of the XLM/USD pair (data source from…

Ethereum 2.0 Final Multi-Client Testnet Medalla Goes Live

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Medalla is the first public testnet for Ethereum 2.0 where validators can participate with any central governance by the developers. This is a closer glimpse to how Ethereum 2.0 will work with multiple clients. As per the earlier schedule, Ethereum 2.0’s “official” multi-client testnet Medalla finally goes live on Tuesday, August 4. This is the final public testnet for Ethereum 2.0 before the launch on its mainnet expected by the year-end. This testnet launch is basically a glimpse into how the Ethereum 2.0 will work in coordination with multiple clients. The…

Ripple (XRP) Struggling Near $0.30: Can Bulls Save the Day?

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Ripple is trading with a minor bearish angle below $0.3020 against the US Dollar. XRP price must stay above $0.2850 to start a fresh increase in the near term. Ripple is declining steadily and it even broke the $0.3000 support zone against the US dollar. The price is currently testing the $0.2980 support zone and the 100 hourly SMA. There is a major bullish trend line forming with support near $0.2840 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could struggle to bounce back…

Bitcoin Topside Bias Vulnerable Unless It Surges Past 100 SMA

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Bitcoin is struggling to gain bullish momentum above $11,300 against the US Dollar. BTC could extend its decline unless it surges past the 100 hourly SMA. Bitcoin is facing a strong resistance near the $11,300 and $11,400 levels. The price is now trading well below the $11,400 level and the 100 hourly simple moving average. There is a short-term declining channel forming with resistance near $11,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to remain well bid near the $11,000 and…

Even Though Chainlink (LINK) Spiked to $9, Dave Portnoy Isn’t Buying It

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It’s been an explosive past few days for Chainlink (LINK), despite the implosion Bitcoin saw on Saturday evening. As reported by NewsBTC, the price of the popular altcoin surmounted $9 for the first time ever on Monday. The asset reached a local high of $9.40 at the time of our report, around 5% above the previous all-time high of $8.94. Blockchain analytics firm Santiment suggested that the surge came on an uptick of trading volume and social sentiment. While Chainlink’s price action is impressive, it isn’t convincing Barstool’s Dave Portnoy…