Category: Crypto News

EGLD
Crypto News

Elrond (EGLD) and its Technical Analysis

Current Price Movement The coin had created its All Time High in September 2021 and reached a price of almost $303.03 before rejecting down to a price of almost $246 by losing some percentage of its value. At the time of writing this article EGLD is being traded at a price of $246.23 with an increase of 9.40% in the last 24 hours. A good pump before the start of Q4. The price has been continuously printing green candles for the past 3 months and has shown gains of 17.30%, 24.21%, 94.78% respectively. Since the reversal, the price has shown

Crypto News

Turkey and Crackdown on the Cryptocurrency Market

China and India might be popular for their crackdowns on the crypto markets but they aren’t the only one. Turkey has come into the same category and imposed strict restrictions on the crypto market. Shutdown of Exchanges Coinzo is a popular trading exchange in Turkey and boasts huge trading volume. They are shutting down their services for digital asset trading services (crypto). Coinzo said that the platform and the website will be online for the next six months so that people can withdraw their money into other wallets or into Fiat. On their website the company published “We have decided

Bitcoin
Crypto News

JP Morgan CEO calls Bitcoin as “Worthless”

The past few weeks have been extremely bullish for the whole crypto market. The price of BTC has rallied upwards to an extreme run and reached very near to its all time high i.e. $64.3K. People became bullish and started seeing the price from another perspective “The price is closer to $100,000 than it is to $0”. Traders who have been already actively participating in the market know that the market always move in waves and no matter how much a parabolic movement comes, it eventually has to come down because people book profits. This results in the fall of

IFBD Stock
Crypto News

Rise of Crypto Cards

When the banking sector started the use if cheques came, receipts were use to show the documentation of transactions. Soon everything became digital and debit and credit cards came into existence. This allowed for easy transactions to the customers. Debit and credit cards soon took over and made a lot of things obsolete. VISA and MASTERCARD took over the market that allowed the customers to use their cards anywhere around the world making it easy for the users to carry out transactions. Now with the launch of new payment and currencies, it seemed reasonable that debit and credit cards for

Crypto News

Kusama (KSM) coin Price Action

As having almost the same codebase as Polkadot, Kusama (KSM) coin is considered as the wild cousin of Polkadot. Dr Gavin Wood who as the founder of Polkadot also founded this project. This and some worthy things makes this coin ranking all the way up to 52 according to the record and database of coinmarketcap. This coin is currently being traded at the rate of $322.63 with a decrease of around 3.28% within the last 24 hours. The recent low was around $307.02 and the high was around $333.91. Price Movement The price made its All time High on 18th

Crypto News

Nem (XEM) – Is it Bearish on Higher Timeframes?

Price Movement Nem (XEM) being ranked at number 71 according to coinmarketcap data is being traded at around $0.17 at the moment. The coin has a decrease of almost 3.67% within the last 24 hours. The high within this the price reached was $0.18 and the low was marked at $0.1674. XEM is a native currency of NEM’s NIS1 public blockchain. The coin has a trading volume of around $81,098,033 with a decrease of almost 36% in the last 24hours. The Circulating supply is now equal to the max supply which is 9.00B XEM Xem reached its all time high

Crypto News

dYdX Price Action and Analysis

dYdX Technical analysis: The price action of dydx is quite brilliant and it is showing huge potential in its early stages. Just within the current and previous months, an enormous increase of more than 100% has been observed. The market without any deeper pullback has been rallying to the upside which usually is not healthy. The price has extended quite much and a need for a retest or correction is a must in order for the price to continue rallying like this. The price along its way towards upside left inefficiency within the price which may drive the price lower

BitTorrent (BTT) Technical Analysis

BTT Technical Analysis: Talking about overall direction of BTT, the weekly and monthly time frame clearly shows that the market is in a corrective phase of the move which resulted in the all time high of this coin. The higher time frame aligns with the lower time frame which gives a good probability of shorts setups. Firstly talking about the past, the market has been in range and was consolidating between $0.005033 to $0.003773. This was an accumulation phase after that expansion which started from $0.002208 and lasted till $0.005033. The market before falling from this range took out both

Perp
Crypto News

KuCoin native token KCS Technical Analysis

KCS Technical Analysis: The directional bias of KCS is not too visible at the moment as the coin is in the middle of range from where it has potential to go both towards upside and downside but will be jumping on the confluences on each side that which things can cause and drive the price to either direction. The price after making its All Time High started doing correction of the bullish wave which created the All Time High. Observing the price on a higher time frame i.e. Weekly or Monthly the price seems to be now in a consolidation

ZIL coin
Crypto News

Polygon (Matic) – The solution to Ethereum’s Problems

Ethereum is one of the most widely used blockchain networks in the world. It boasts a huge number of dApps and  is much more secure. Even though it is widely used it does have some problems in it. First, it gets hugely congested due to the user demand and it doesn’t go well with other platforms. Another problem that the users face is the high transaction fee. This is where Matic comes in. Matic is working to create an “Ethereum Internet of Blockchain”. It is to create an ecosystem with multiple chains where users can create their own Ethereum compatible