Tag: Bullish

Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern

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Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend.   As a result, falling wedges typically provide an ideal springboard for an upside break once the price closes above the structure’s upper trendline. On Thursday, SHIB showed signs of following a similar topside break. SHIB/USDT daily price chart…

Small cap altcoins flash bullish signals even as Bitcoin revisits $42.5K

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The cryptocurrency market faced another day of erratic price movements on Jan. 13 after Bitcoin (BTC) bulls were soundly rejected in their bid to push the price above $44,000. This led to an abrupt sell-off that has thrust the price back into the high $42,000 range.  Despite the mid-day struggle faced by Bitcoin and many of the other large market-cap cryptocurrencies, several small-cap altcoins managed to eke out notable gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView…

‘Most bullish macro backdrop in 75 years’ — 5 things to watch in Bitcoin this week

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Bitcoin (BTC) starts a new week in a strange place — one which is eerily similar to where it was this time last year. After what various sources have described as an entire twelve months of “consolidation,” BTC/USD is around $42,000 — almost exactly where it was in week two of January 2021. The ups and downs in between have been significant, but essentially, Bitcoin remains in the midst of a now familiar range. The outlook varies depending on the perspective — some believe that new all-time highs are more…

Cardano Ecosystem Explodes, Why ADA Could Resume Bullish Trend

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Cardano (ADA) has followed the general trend in the market and records losses across the board. The seventh crypto by market cap trades at $1.22 with a 2.2% and 10% loss in the past 24 hours and 7 days, respectively. Related Reading | What’s Beef? Reviewing The Historic Battle Of Ethereum vs. Cardano ADA on a downtrend in the 4-hour chart. Source: ADAUSDT Tradingview However, Cardano continues to be one of the most active ecosystems in the crypto industry. This won it the title for most active project on GitHub…

Oracle tokens turn bullish as blockchain projects focus on interoperability

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2022 looks to be a transformative year for the cryptocurrency ecosystem as the focus on interoperability between siloed blockchain networks comes to the forefront and a multitude of projects announce plans to interconnect their platforms with other protocols.  One sector of the crypto ecosystem that will play a vital role in ensuring smooth communication and interaction between networks are oracles projects like Chainlink (LINK) and Band Protocol (BAND). Top 8 oracle projects by market capitalization. Source: Messari Oracles relay data in a consistent, secure and decentralized manner and this is…

Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypto Offers – Finance Bitcoin News

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Moneygram has completed an investment in cryptocurrency ATM operator Coinme. “At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency,” said the CEO. Moneygram Invests in Crypto Company Coinme Moneygram International Inc. (NASDAQ: MGI) announced Wednesday that the company “has completed a strategic minority investment in Coinme, a leading cryptocurrency cash exchange in the U.S.” This venture gives Moneygram an approximate 4% ownership stake in Coinme. Alex Holmes, Moneygram chairman and CEO, commented: At Moneygram, we continue to be bullish on…

Altcoins turn bullish even as Bitcoin price slips below $46K again

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The mood across the cryptocurrency is one of growing anticipation as the price of Bitcoin (BTC) continues to trade just below $47,000. The sideways price action has analysts warning that an “explosive volatility period” is rapidly approaching but few have been willing to predict the direction of the breakout.  While Bitcoin price compresses, the altcoin market has come alive and multiple tokens are posting notable gains, especially in the DeFi cohort. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and…

Real Vision CEO Raoul Pal Takes Bullish Stand On Ethereum

Raoul Pal, CEO, and co-founder of Real Vision has taken a bullish stance on Ethereum. Staying true to past statements, Pal reiterated support for Ethereum, which he sees growing exponentially in the coming years. For Pal, the growth of Ethereum in comparison to Bitcoin is the greatest argument for its long-term success. This has led the CEO to stand behind the leading smart contracts platform in the crypto space. Ethereum Vs. Bitcoin Anyone in the crypto space now knows that there is a clear line when it comes to outperformance…

JPMorgan Analysts Put Ethereum Fair Value At $1,500, With Bullish Outlook For Bitcoin

Ethereum’s value has hit a recent all-time high above $4,600. However, not everyone agrees that the altcoin is fairly priced. Analysts at JPMorgan fall into this category. Although the altcoin has made great strides in utility recently, the analysts do not believe that the coin is fairly valued. They believed that the fair price of the digital asset is in fact much lower than its current value. Ethereum has been one of the most successful digital assets in the market. This has been due to the growth of use cases…