Shiba Inu fetches a new ATH — 3 reasons why SHIB keeps jumping higher

Meme coins burst onto the scene in early 2021 and helped kickstart the bull market after Dogecoin (DOGE) rallied above $0.01 to new highs while being shilled by the likes of Elon Musk and Mark Cuban. Shortly afterwards, Dogecoin clones and other canine-themed tokens popped up to catch the wave of bullish momentum and Shiba Inu (SHIB) was one of the projects that quickly caught wind and sailed higher.  Now that Bitcoin (BTC) has hit a new all-time high again, it appears that the meme tokens are ready to continue…

3 reasons why Harmony (ONE) rallied to a new all-time high

Ecosystem development funds have become one of the latest market-moving trends in the crypto sector and protocols with large treasuries have discovered that  reward and incentive programs are one of the best ways to attract new users and protocols to a project.  One protocol that has recently seen its token price rally following the release of an ecosystem development grant is Harmony (ONE), a blockchain protocol focused on improving scalability between networks. The project uses cross-sharded contracts and a cross-chain infrastructure between multiple blockchains including Bitcoin (BTC), Ethereum (ETH), Polkadot…

Solana reclaims $200 — 3 reasons why SOL price is up 35% in seven days

Solana's (SOL) price edged up on Monday in the wake of a market-wide price rally led by Bitcoin (BTC), its total volume locked (TVL) hitting record highs and a promising technical setup.  Bitcoin triggers market-wide rally SOL climbed by more than 6% to hit an intraday high of around $214. The SOL is now up a little over 35% over the past week, pushing it closer to its record high of about $222 set in early September. Bitcoin's run-up to its new record high of $67,000 last week resulted in the total…

3 reasons why Terra (LUNA) price hit a new all-time high

Protocol upgrades are one of the biggest drivers of momentum because they show developers' dedication to fixing bugs, incorporating user requests and adding new features that make the protocol competitive and shore up the token's value. One project that has seen its token price rally to a new all-time high following the launch of a highly anticipated upgrade is Terra (LUNA), a blockchain protocol that uses fiat-pegged stablecoins like TerrUSD (UST) to create a global payments system. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low…

5 Reasons Why Bitcoin Remains Below $50,000 — CoinDesk

On Sept. 24, the People’s Bank of China (PBoC) issued a new statement regarding the illegality of cryptocurrency transactions and mining, adding that now crypto-to-crypto, as well as crypto-to-fiat transactions, are banned. This means virtually all crypto trading-related activities are prohibited in the country for the first time ever, including buying, selling or trading virtual currencies like bitcoin, ether and tether. Original

3 reasons why REN price is up 340% from its July swing low

Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase. Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has started gaining traction over the past month and a half as activity in the decentralized finance (DeFi) sector has been on the rise. Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low…

3 reasons why Elrond (EGLD) price is hitting new daily highs

DeFi-focused protocols are seeing a sustained upward move and the the momentum appaers to be picking up pace now that the NFT sector has cooled off over the past two weeks.   Since the beginning of August, Elrond (EGLD), a scalable and secure blockchain platform designed for distributed apps and enterprise-level businesses has been in a strong rally. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $52 on June 22, the price of EGLD has charged 437% higher to a new all-time high at $302.14…

3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

The recent 256% Polkadot (DOT) recovery over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin's $39 billion market capitalization has outperformed the Ether (ETH) by 66% over the past thirty days. Polkadot/USDT. Source: Bybt.com Polkadot is a blockchain network designed to support various interconnected, application-specific parallel chains, known as parachains. This scalability-focused project breaks up transactions into many shards and processes them in parallel, similar to what ETH 2.0 aims to achieve.…

3 reasons why BNB is soaring

Binance Coin (BNB), the native cryptocurrency of Binance Chain and top digital asset exchange Binance, is starting to close in on Ether (ETH) in market capitalization.  As of Monday, BNB is valued at $87 billion at the price of just under $600. The valuation of Ether is hovering at around $246 billion, which is 2.8 times larger than that of Binance Coin. $BNB volume > $BTC volume. Congrats @Binance @cz_binance pic.twitter.com/vLkdGBnnIt — Joe Grech (@JoeBGrech) April 12, 2021 The technical momentum of BNB has been so strong that it briefly…

3 reasons Enjin Coin price surged by over 30% in a single day

The price of Enjin, the native token of the blockchain gaming and NFT-focused project, has surged by more than 30% in the last 24 hours. There are three major factors behind ENJ's strong short-term uptrend, namely the Coinbase listing, technical momentum, and the interest around JumpNet. ENJ price chart since December 2020. Source: TradingView.com Coinbase listing intensifies interest in Enji The price of ENJ has been on a gradual uptrend throughout the past month ever since the project announced the release of Efinity and JumpNet. ENJ started to see a…