Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’s Why

Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason. In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market. Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason. How have major…

Ethereum to See Biggest Upgrade Ever Says Investment Fund, And Future is “Bright”

Ethereum, the second most valuable blockchain network in the global market, will see its biggest upgrade ever soon. Chromatic Capital managing director Grant Hummer says if successfully implemented, it will create major improvements that would make the so-called “ETH 2.0” significantly better than the current version. For many years, the Ethereum developer community has tried to implement second-layer solutions and make a big pivot to the proof-of-stake (PoS) consensus algorithm. Unlike the proof-of-work (PoW) algorithm, which requires miners to mine blocks to process transactions like with bitcoin and Ethereum’s current…

Bitcoin Crucially Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch

Bitcoin rallied more than 5% and broke key hurdles near $8,250 and $8,500 against the US Dollar. BTC price might continue to rise towards $8,780 and $8,800 in the near term. Bitcoin price is gaining bullish momentum above the $8,400 resistance against the US Dollar. There was a crucial upside break above the range resistance near $8,200. Yesterday’s highlighted important bearish trend line was breached with resistance near $8,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct in the short term, but…

Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bounce Grows

Ripple is facing hurdles near the $0.2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0.2080 and $0.2070. Ripple price is correcting lower after it failed to surpass the $0.2200 resistance against the US dollar. The price remains well supported on the downside near the $0.2080 and $0.2070 levels. Recently, there was a break below a connecting bullish trend line with support at $0.2125 on the hourly chart of the XRP/USD pair (data source from Kraken). The…

Bitcoin SV (BSV) Explodes 29% on “Tulip Trust” Fears Ease

The price of Bitcoin SV (BSV) surged by a massive 28 percent on Friday as traders assessed a key development in the ongoing legal dispute involving founder Craig Wright. The self-proclaimed Bitcoin creator submitted a total of 428 documents to the plaintiffs, one of them allegedly including details of a trust that holds billions of dollars worth of bitcoin. Mr. Wright’s legal counselors marked the paper “Tulip Trust III” as confidential. The decision raised suspicions that their client – indeed – was involved in the mining of first batch of…

Bitcoin Is In Steep Downtrend, But This Variable Can Trigger A New Rally

Bitcoin price followed a bearish path after it failed to surpass the $8,500 resistance against the US Dollar. BTC is now approaching a crucial support near $7,750 and $7,600. Bitcoin is trading near a significant buy zone at $7,600-$7,750 against the US Dollar. The bulls are likely to gain control if they are able to protect $7,600. There is a short term declining channel forming with resistance near $7,880 support near $7,930 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either bounce sharply…

QuadrigaCX Creditors’ Claims Attract an Investor

QuadrigaCX creditors’ claims have caught the eye of Argo partners. Argo Partners is a New York investment firm whose niche includes creditor’s claims, bankruptcies, insurance liquidations among others. Sources indicate that the investment firm is already communicating with impatient creditors. Ernst & Young that is the court-appointed bankruptcy trustee is still sorting things out. The death of Gerald Cotten in India has complicated things further. Zeeshan Aziz who is the co-manager for Argo’s trading desk indicated: “Typically when Argo is buying claims – as an example Toys ’R’ Us –…

Changpeng Zhao Makes Super Bullish Case for Binance Coin

Those who missed the 2019’s Binance Coin (BNB) price rally can still stage profits off the cryptocurrency in 2020, hints its supreme backer Changpeng Zhao. The Binance exchange CEO theorized a potential positive correlation between BNB and its top rival Bitcoin. He noted that the current upside sentiment in the bitcoin market could increase the number of trades on Binance. And traders use BNB to pay for trading fees, it would overall boost the coin’s demand. What happens when $btc goes up? More trading volume. What happens when there is…

Ethereum is Currently Undervalued Based on This Key Fundamental Metric

Based on the number of unique addresses created daily, which indicates the rate of growth of Ethereum, the network is demonstrating mid-2019 levels. Yet, the price of ETH is down by nearly two-fold since then. In June 2019, the price of Ethereum was hovering at around $300. And at the time, its network growth was ranging from 100,000 to 150,000 unique addresses daily. Fast forward seven months, ETH is at $140 and the network is growing at just over 100,000 addresses per day. Ethereum’s network growth is on an upward…

Ripple (XRP) Price & Time: Downside Thrust Before Fresh Increase

Ripple was rejected near the $0.2250 resistance area against the US Dollar, similar to bitcoin near $8,450. As a result, there was a downside correction in XRP below $0.2150 and $0.2100. Ripple price is down more than 10% and it is now trading below $0.2100 against the US dollar. The price even failed to stay above the key $0.2080 support area. There is a major bearish trend line forming with resistance near $0.2105 on the hourly chart of the XRP/USD pair (data source from Kraken). There are chances of more…