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Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Bitcoin Regains $50,000 Price Level for the First Time in 13 Weeks

Bitcoin bulls are back with a significant price rally. BTC’s retail and institutional demand are on the rise again as the world’s largest cryptocurrency crossed the price level of $50,000 for the first time since May 2021.The latest data published by Coinmarketcap shows that the total market cap of Bitcoin now stands at around $950 billion, compared to $550 billion in May 2021. BTC’s current crypto market dominance stands at around 43.8%.Apart from Bitcoin, several other cryptocurrency assets also saw substantial gains in the last 24 hours. The most prominent

Cardano Reaches All-Time High As Rally Reaches New Heights

The price of Cardano (ADA) has reached an all-time high of $2.64 this morning, breaking the previous record of $2.54 set on Friday. ADA now trades for $2.58, up 4.5% from yesterday, according to data from crypto metrics site CoinGecko.Cardano​​ is the native token of the eponymous blockchain project helmed by Ethereum co-founder Charles Hoskinson. The altcoin overtook stablecoin Tether on August 13 as the third-largest cryptocurrency, with a market cap of $82 billion. ADA’s up 17% over the past week and 116% in the past month. Cardano’s price surge

Hadapi Inflasi Tinggi, Presiden Argentina Putuskan Adopsi Cryptocurrency

Kanalcoin.com – Presiden Argentina, Alberto Fernandez, akan mengadopsi kripto sebagai legal tender. Hal ini ia kemukakan dalam sebuah interview televisi. Fernandez menyatakan akan mengadopsi kripto sebagai legal tender. Ia mengungkapkannya saat diwawancarai Julio Leiva dalam acara Black Box. Meskipun aset digital ini masih menjadi perdebatan besar tidak hanya di Argentina  namun juga di seluruh dunia, tetapi tidak ada alasan untuk tidak menerima kripto. Dalam interview tersebut Leiva juga menanyakan apakah kemungkinan adopsi kripto ini akan meniru El Salvador dan kemudian mengadopsi kripto sebagai pemberi pinjaman yang sah serta pertimbangan dalam

Bitcoin Cash, Cardano, Stellar Lumens Price Analysis: 8 September

Bitcoin Cash had some positive news on the adoption side of business. Technical analysis also showed Bitcoin Cash might be in a consolidation phase in the short term. The selling pressure on Cardano over the past few days appeared to have weakened. Stellar Lumens bears also appeared to be exhausted in the short term.Bitcoin Cash [BCH]Source: BCH/USD on TradingViewBitcoin Cash price seemed to have halted its drop at the support level $219. Bollinger bands had begun to tighten around the price, indicating lessening volatility.If BCH consolidates above price for a

Algorand, Dash, Cardano Price Analysis: 07 September

Cardano exhibited bearishness in its short and long-term outlook. In fact, it is likely that the crypto-asset will see another drop of close to 20% in September. Further down the cryptocurrency ladder, Algorand‘s price bounced a bit, but could be headed down south once more. Dash was trading above an important level of support on the charts and it could fall into a chasm too if the support level was to fail. However, the downward slide for altcoins might be coming to an end, with reports suggesting that Bitcoin has

Cardano long term price analysis: 6 September

Cardano has been dropping quickly in value and currently stands at $0.0880 with a market cap of $2.7 billion, which has also seen a drop from $3.16 billion in the last 24 hours. No longer in the top-10 ranks, ADA’s journey south does not seems to be over yet.Cardano 1-day chartADAUSD TradingViewThe one-day chart for Cardano showed that the price had breached 0.5 Fibonacci level at $0.09449. The subsequent drop to 0.618 Fibonacci level at $0.07622 seems likely, however, a further drop can be possible considering bitcoin’s trading at the

Altseason or not, Ethereum, Chainlink & Polkadot are here to stay

Over the past few weeks, the hype around a supposed altseason seems to have died down. I mean, sure, DeFi is still what one would characterize a “booming space.” But, many of the market’s altcoins have fallen on the charts lately, especially since Bitcoin dipped under $11,000 a few days ago. Thus, the question arises – Is it too soon to say that the altseason has come to a grinding halt?Of course, it is. After all, it is just a pullback and it’s not like the market’s alts have crashed

Binance launches LINK, ADA Coin-margined contracts with eye on BitMEX

Binance may have entered the derivatives space late, but within no time, it has established its place in the market and among users. The reason behind its success was the variety of altcoins offered by the exchange along with the major coins. 2020, has been the year of DeFi and Binance realized this and added DeFi tokens to enable interested users to trade on its platform. Just the previous month, Binance Futures launched a new line of products called the perpetual futures COIN-margin and as per their announcement on Friday,