3 reasons why Ethereum may underperform Bitcoin in the short-term

Ether (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%. Some might say it is a technical adjustment after a strong rally. While this partially explains the move, it excludes some critical factors, including the fast advance of smart-contract network competitors and Bitcoin being adopted as an official currency for…

Can a rising CPI boost Bitcoin? 3 reasons BTC price is rebounding above $36K

Bitcoin (BTC) price reclaimed $36,000 heading into the New York session Wednesday as investors awaited fresh data on inflation in May and El Salvador approved a bill that made cryptocurrencies a legal tender in the country. Bull-market bottom? The benchmark cryptocurrency surged 9.86% to an intraday high of $36,696, wiping off a portion of the losses it incurred in the previous session. In retrospect, the BTC/USD exchange rate had fallen to almost $31,000 on Tuesday over fears that the pair has entered a 2018-like bearish phase after topping out near…

3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week

Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap. There are several big reasons behind the strong uptrend of MATIC, including the growing hype around Polygon, Google BigQuery announcement, and Mark Cuban's investment. MATIC 1-day candle chart (Binance). Source: TradingView.com Growing sentiment and hype around Polygon On Feb. 9, Matic first announced its plans to rebrand to Polygon. At the time, they brought in promising metaverse projects and integrated Matic Plasma Chain.…

3 good reasons why $30,000 is probably the bottom for Bitcoin

After an agonizing 35% loss in the past 24-hours, Bitcoin (BTC) finally bounced at $30,000 earlier today in the May 19 trading session. A total of $3.5 billion in liquidations took place, which might have accelerated the movement, but they can’t really be entirely blamed for the move. However, the weakness in derivatives markets did give some strong signals that panic was instilled, causing unsustainable levels. These can be measured by the price gap between the futures markets and regular spot exchanges, along with the negative funding rate on perpetual…

3 reasons why Bitcoin doesn't care about Elon Musk

Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it's already bouncing back. On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground.  With the drama still spreading, Cointelegraph considers why, on a fundamental level, Bitcoin is ultimately resilient to the actions of a single user — no matter how influential he or she is. Proof-of-Work doesn't care Bitcoin's Proof-of-Work (PoW) algorithm rewards both miners and investors over time because their years of…

2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week

Bull market cycles in the cryptocurrency market can be exhilarating for day traders and long-term investors alike, but the speed at which the prices move can make it a challenge for promising new projects that are looking to catch the momentum before the cycle plays itself out. This reality has led to some projects listed on exchanges in the form of token IOUs so that interested parties can get in on the trading action before the token is officially released. Polkadot (DOT) is one of the most well-known examples of…

Three reasons why EOS price has pumped 100% in three days

The EOS price is in double-digits for the first time since mid-2018 after a parabolic advance that began back in March. According to data from Coingecko, the 20th-ranked crypto by market capitalization is currently sitting above $11.50, delivering close to 100% gains over the last three days. First, the current EOS upward advance is occurring at the intersection of two unique price trends. On the one hand, the EOS/Tether (USDT) trading pair is at the top of the range for 2021 while the token price against Bitcoin (BTC) fell to…

4 Reasons Why Fantom Can $FTM Grew Big in Last Thirty Days

In the last thirty days, the Fantom Foundation has seen one of its most whirlwind months of action since its public release. A new blockchain platform is on the scene, and it’s drawing the eyes of industry leaders across the globe.  Fantom, a blockchain platform ensuring security, scalability and speed, is making waves across the world, with thousands of users flocking to use the platform daily.   The platform prides itself on its high-performance, scalability, and secure smart-contract platform, specially designed to overcome the limitations of previous generation blockchain platforms.  The…

Three reasons why the ‘other Ethereum’ has pumped 130% in the last week

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator Coingecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76. Source: TradingView The first likely reason for this current price action advance is that it is a continuation of ETC’s positive performance since the end of Q1 2021. As previously reported by Cointelegraph, major forks…

3 reasons why Bitcoin is on shaky ground after failing to retake $60K

Bitcoin (BTC) is back testing lower levels after failing to conquer $60,000 resistance — and indicators suggest the downturn is not over. BTC/USD bounced off $55,000 overnight on Monday, hours after hitting local highs of nearly $59,000 in bullish early trading. With sellers still in place closer to all-time highs of $64,500, the largest cryptocurrency has a lot of work to do to exit its current broad trading range. BTC moves back to exchanges One metric which may soon be causing problems for bulls is the overall BTC balance on…