analysis

XRP, Litecoin, EOS Price Analysis: 19 November

Market dominators Bitcoin and Ethereum noted double-digit weekly losses, at press time. Consequently, altcoins like XRP, Litecoin, and EOS corresponded by registering over 24% retracements in nine days. All these coins struck their weekly or monthly milestones on 10 November. After which all of them were in the correction phase and now showed signs of a possible recovery.  XRP Source: TradingView, XRP/USDT Since mid-October, XRP has followed a dynamic trajectory. After moving sideways for nearly two weeks, it oscillated within the ascending parallel channel (white). During this phase, XRP rallied

Several Altcoins Reach New All-Time Highs – Biggest Weekly Gainers

BeInCrypto takes a look at the seven altcoins that increased the most during last week, specifically from Nov 12-19.Sponsored Sponsored These altcoins are: WAX (WAXP) : 67.30% The Sandbox (SAND) : 62.80% Crypto.com Coin (CRO) : 49.40% Avalanche (AVAX) : 28.60% Decentraland (MANA) : 26.78% IoTeX (IOTX) : 16.45% Enjin Coin (ENJ) : 6.73% WAXP WAXP has been moving upwards at an accelerated rate since November 11, when it bounced at the previous all-time high resistance at $0.48. In a span of only six days, WAXP increased by 106%. This

Avalanche’s AVAX Token Surges to All-Time High

Avalanche has grown steadily this year and competes with Ethereum by developing its DeFi ecosystem. It is the fastest-growing smart contracts platform in the blockchain industry. It can be used to solve various problems in enterprises, institutions, and governments, including debt financing and asset insurance.  Avalanche was launched by Ava labs, which was founded by Emin Gun Sirer, a Cornel University Professor. It has integrated various Defi projects like Reef, bZx, SushiSwap, and Securitise. It is also collaborating with the Ethereum network, which will allow transfers of assets between two

Ethereum, Shiba Inu, VeChain Price Analysis: 18 November

After a bullish rally in October and early November, last week saw a significant correction for most cryptos. Ethereum and Vechain registered double-digit losses over the past week. On the other hand, Shiba Inu has been on a steady downtrend for the past three weeks. Accordingly, near-term technicals for all the aforestated cryptos undeniably reflect a bearish bias. Ethereum (ETH) Source: TradingView, ETH/USDT Ether heightened in a slope between two parallel channels over the past seven weeks. The largest altcoin performed well after registering a 61% ROI from 22 September

Bitcoin Cash Falls above Historical Price Level May Hold Above $572 Support

Nov 18, 2021 at 10:03 // News The price of Bitcoin Cash (BCH) is in a downward correction as the price falls below the moving averages. Today, the cryptocurrency fell from the high of $720 to the low of $572. Currently, altcoin is moving above the current support of $572, which is a historical price level from October 11. In previous price action, BCH consolidated above current support to resume upward momentum. If BCH holds above current support, the market will also rise above the moving averages before retesting the

Reddit user discovers 61.3 million LRC moved to Loopring Exchange

Investors and market observers are speculating that a recent Loopring transaction is linked to a GameStop (GME) float.  On Tuesday, a deposit of 61.3 million LRC ($164.8 million) was made on the Loopring Exchange. In addition, the assets were transferred from layer 1 to layer 2. This transaction was discovered by a Reddit user u/Prof Dankmemes, who claimed that the address that initiated the transfer had “connections.”  The connection in question is said to have previously been linked to Loopring’s Chief Executive Officer and founder, Daniel Wang. This might be

Cardano Hovers above $1.80 Support as ADA Reaches Oversold Region

Nov 17, 2021 at 12:00 // News The price of Cardano (ADA) has fallen below its moving averages, indicating further downside for the cryptocurrency. At the time of writing, Cardano is trading at $1.82. Today, ADA/USD is falling to the downside. If the price breaks below the support of $1.80 and the downward momentum continues, the market will fall to a low of $1.40. If current support holds against it, ADA will oscillate between the $1.80 and $2.40 price levels. The overriding resistance at $2.40 has not been breached since

The Sandbox (SAND) Reaches New All-Time High — Multi-Coin Analysis

BeInCrypto takes a look at the price movement for seven different cryptocurrencies, including The Sandbox (SAND). Despite the token reaching a new all-time high price, it has fallen back to an important support/resistance level.Sponsored Sponsored Bitcoin (BTC) BTC has been trading inside an ascending parallel channel since Oct 20. It was recently rejected by its resistance line on Nov 10 and began its current downward move. On Nov 16, it reached the support line of the channel and the $59,700 support area. It had previously deviated below this area on

Weekly Cryptocurrency Market Analysis: Altcoins Fail to Sustain Recent Rallies, Lose Strength on Bear Market

Nov 17, 2021 at 11:00 // News Cryptocurrencies failed to continue recent rallies as altcoins fell back to their previous lows. OMG Network lost all of October's bullish gains and became the biggest loser of the last 7 days. OMG Network Since October 4, OMG Network (OMG) has been trading below the overhead resistance of $18. On November 4, buyers pushed the altcoin to retest the overhead resistance. The cryptocurrency formed a bearish double top that led to a downside move. The selling pressure erased the bullish gains from October.

Finixio Launches Two Cryptocurrency Betting Websites fo the Nordic Market

[PRESS RELEASE – Please Read Disclaimer] The growth of the cryptocurrency space, which showed the world that the underlying technology – blockchain – can transform different industries, led to the emergence of many legacy businesses that want to take a sip from that revolution. The casino and betting niches are among those, with numerous cryptocurrency-related projects opening their doors for customers. The growing competition, though, pushed many new protocols to come up with incentives for users, which is the case with the recently launched betting sites for the Nordic market

Bitcoin (BTC) Slumps Below $60,000 As Selling Pressure Intensifies

Bitcoin (BTC) decreased considerably on Nov 16 and is in process of breaking down from a short-term corrective pattern, which could further intensify the downward movement.Sponsored Sponsored BTC has been falling since Nov 10 after it reached an all-time high price of $69,000. The downward move was preceded by bearish divergence in both the MACD and RSI. This is a bearish sign that often kicks off bearish trend reversals. BTC has already touched the first support area at $57,850. This is the short-term 0.382 Fib retracement support level. Sponsored Sponsored However,

Loopring CEO Moves 61.3 Million LRC, Triggering GameStop NFT Speculation

On Nov 16, a transaction of 61.3 million LRC being moved to layer 2 occurred on the Loopring network. The Crypto community speculates that this could be a move to support a forthcoming GameStop NFT marketplace.Sponsored Sponsored Investors and market speculators are having a field day after a recent Loopring transaction has them thinking that it could be related to a GameStop (GME) float. On Nov 16, a deposit of 61.3 million LRC, worth $164.8 million, on the Loopring Exchange occurred. The assets were also moved from layer 1 to