Tag Archives: Altcoin Analysis

Ripple Price Intraday Analysis: XRP/USD Near September High with 23% Leap

Advertisement Ripple price on Tuesday appreciated 23 percent against the US Dollar owing to strong fundamental factors. The XRP/USD has risen from its intraday low near 0.26699-fiat to retest its September 5’s lower high near 0.32994-fiat. The pair yawned through the early Asian trading session, consolidating sideways within a stiff range. The upside momentum began building only when… Read More »

Litecoin a ‘Significantly Overvalued Relic,’ Cryptocurrency Hedge Fund Claims

Advertisement Proponents of litecoin, the seventh-largest cryptocurrency, have long touted it as “silver to bitcoin’s gold,” the medium of exchange to BTC’s store of value. Much like physical silver, though, litecoin currently trades well below its all-time high, having plunged to about $55 from a peak of $358. However, according to cryptocurrency hedge fund Multicoin Capital, even at… Read More »

Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher

Advertisement Much has been made in recent days about how Gemini dollar (GUSD), a USD-pegged stablecoin created by the Winklevoss-founded Gemini cryptocurrency exchange, can help regularize cryptocurrency as a mainstream asset class. However, decentralization hardliners may be dismayed by the details of this grand bargain. GUSD Smart Contract Gives Gemini Broad Control Writing on tech publication Good Audience,… Read More »

Mike Novogratz Says the Cryptocurrency Market Has Found a Bottom

Advertisement For the past nine months, the cryptocurrency market has seen steady declines, forcing most altcoin prices down 80 percent or more from their all-time highs. Even bitcoin, “digital gold,” has shed 68 percent from its mid-December peak. However, the wind, says billionaire Galaxy Digital founder Mike Novogratz, is about to shift. Writing on Twitter, Novogratz, a former… Read More »

Bitcoin Will Rebound, But Altcoins are ‘Never Coming Back’: BitPay Exec.

Advertisement A top executive at one of the oldest and largest cryptocurrency payment processors said that he firmly expects bitcoin to rebound within the next year but that altcoin prices may never again see their early-2018 peaks. Sonny Singh, chief commercial officer at BitPay, said during an interview with Bloomberg that his firm has “never been more bullish”… Read More »

Throwback Thursday: ConsenSys Exec. Predicted Ethereum Price Would Hit $2,000 in 2018

Advertisement The unfortunate side effect of making specific predictions about future events is that you eventually have to measure your claims against reality. For cryptocurrency bulls who made 2018 price targets in December and early January, that reckoning is rapidly approaching, and one such price prediction has been making the rounds on social media this week. Revisiting One… Read More »

Ethereum, Monero Lead Crypto Market Recovery with 17% Gains, Each

Advertisement The cryptocurrency market capitalization on Thursday recovered by almost 6.8 percent after establishing its yearly low just yesterday. All the top coins recorded decent bullish corrections, with Ethereum and Monero leading the charts with maximum gains. of 17 percent each. Dash, Cardano, IOTA, Tron, and Litecoin closely followed with a double-digit percentage rise in their respective values.… Read More »

Dead Cat Bounce? Ethereum Surges 9% Amidst Crypto Market Recovery

Advertisement The crypto market has demonstrated a short-term corrective rally in the past 24 hours, after major assets like Ethereum showed strong oversold conditions. ETH, the native cryptocurrency of the Ethereum blockchain network, has been on an intensified downtrend since June, performing especially poorly against Bitcoin. On September 13, ETH has shown resilience in the sub-$200 region, rebounding… Read More »

Cryptocurrency Market Slump Sees $642 Billion Dumped So Far in 2018

Advertisement The cryptocurrency market capitalization on September 12 established a new yearly low near circa $187 billion. The drop amounts to a total of $642 billion that has vanished from the market since its all-time high near $829.96 billion. Almost all the leading coins, including Bitcoin, Ethereum, Litecoin, and Ripple, are in the process of forming new bottoms.… Read More »

Bitcoin Flexes its Muscles as Cryptocurrency Market Tumbles to 2018 Low

Advertisement The cryptocurrency market crossed an unwelcome milestone on Wednesday, as it not only fell to a year-to-date low but also surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline in the throes of the dotcom bubble that kicked off the new millennium. Cryptocurrency Decline Now Worse Than Dotcom Bubble Following a fresh rout this week, the cryptocurrency… Read More »