Tag: market analysis

May 19 2022

Recap of LUNA History | All Major Happenings

May 19 2022 Published at CoinStats Blog under tags  market analysis

TerraUSD (UST), the largest Terra-issued algorithmic stablecoin, lost its peg to the U.S. dollar and plummeted far below its $1 peg this week, sending ripples throughout the crypto markets. Terra’s sister token, Luna, also suffered some of its biggest weekly losses in recent months as prices fell 99.7% in a week, data shows. The LUNA price fell 96% in the past 24 hours...

May 16 2022

Chainlink Analysis: Downwards Movement To Follow For LINK

May 16 2022 Published at Coinscreed under tags  market analysis

Chainlink was rejected at $8.00 causing the price to fall back to the $7.00 mark and might fall further downward The bulls ran into opposition at the $8.00 price level, which rejected the recent bull run, leading the price to fall back to the $7.00 mark, according to the Chainlink price research. Chainlink (LINK) Rejected […] The post...

May 06 2022

The Growth of Stablecoins | Sustainability of Their Pegs

May 06 2022 Published at CoinStats Blog under tags  how to guides market analysis

While cryptocurrencies have a viable monetary role as a medium of exchange, they are inherently too volatile to be used as a unit of account or a store of value. The unreliable nature of popular cryptocurrencies like bitcoin is the reason why cryptocurrency still hasn’t made its way to mainstream commerce. Crypto investors can become millionaires overnight and lose all their money weeks...

Apr 22 2022

Best Web 3.0 Crypto Coins to Buy in 2022

Apr 22 2022 Published at CoinStats Blog under tags  market analysis

In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users...

Apr 21 2022

Analysts: Bitcoin short-term sell pressure is absorbed by long-term holders

Apr 21 2022 Published at CryptoSlate under tags  analysis bitcoin btc edge investments

The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back. This uptake is driven by persistent and robust undercurrent demand. According to a blog post...

Apr 14 2022

Bitcoin Rebounds Nearly 6% As the US, UK Report Multi-Year High Inflation

Apr 14 2022 Published at CoinStats Blog under tags  market analysis

The popular penny token Shiba Inu has revealed details of its much-anticipated virtual reality project, “SHIB: The Metaverse.” Ethereum’s native cryptocurrency, Ether, has been set as a land pricing token. The new venture from the famous meme coin will comprise 100,595 plots, some of which will remain private. The sequence of lands will be released in phases. According to Edul Patel, CEO and...

Apr 13 2022

Metaverse Fashion Week 2022

Apr 13 2022 Published at CoinStats Blog under tags  market analysis

With Metaverse’s growing popularity, the digitalization of the fashion industry is inevitable, but for it to gain traction in the mainstream, we still need new technologies and digital breakthroughs. Digital fashion has progressed so far that it already needs its own fashion week, with everything it implies: from runway shows and new collection presentations to public talks and parties with true DJs. The...

Apr 08 2022

Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish

The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of its $9 trillion balance sheet, the general market took a turn downwards, and bitcoin (BTC...

Mar 28 2022

Bitcoin flirting with $48,000 as hodlers kept buying throughout Q1

Mar 28 2022 Published at CryptoSlate under tags  analysis bitcoin btc eth ether

Long-term hodler have kept accumulating Bitcoin during the whole of the first quarter of 2022, and they are a big reason behind the bull run of the past week. According to data from IntoTheBlock, as bitcoin surpasses $48,000 again, the balance held by hodlers, addresses holding bitcoin for more than a year, is...

Mar 24 2022

Ether sees record outflows from exchanges while Bitcoin smashes through $43,000

Mar 24 2022 Published at CryptoSlate under tags  analysis bitcoin btc eth ether

As bitcoin (BTC) soars to $42,000 and beyond, trading above $43,000 at press time, the premier cryptocurrency by market cap saw more than 15,000 BTC in outflows from exchanges earlier this week. It’s the largest outflow from exchanges since the 29th of January, according to data from crypto analysts IntoTheBlock. This constitutes a positive sign for the...

Feb 15 2022

Top-24 Coins According to CoinStats Users in 2021

Feb 15 2022 Published at CoinStats Blog under tags  market analysis research

CoinStats users can invest in, track, and overall manage more than 26,000 different cryptocurrencies so when a big percent of them makes a certain choice, it's a choice to be reckoned with. If you love examining data and drawing your conclusions or if you're a beginner and want to acquaint yourself with the most popular projects and coins of 2021, you will most...

Jan 12 2022

[Updated] The Dogecoin Millionaire Reveals His Next Memecoin Play

Glauber Contessoto — who became known as the “Dogecoin Millionaire” after investing his life savings in the memecoin in February — shared his next big move and why he got into crypto in an exclusive interview with CoinStats. This 33-year-old Dogecoin millionaire with a background in hip hop said, “I worked for a company in Hollywood for the past four years, running their...

Jan 08 2022

Analyst highlights Key Bullish Catalyst for Bitcoin this Year

Bitcoin still has a lot of bullish catalysts in 2022 that will drive up its adoption and prices according to Peter...

Dec 29 2021

15 Biggest Crypto Exchanges by Average Daily Volume 2021

Dec 29 2021 Published at CoinStats Blog under tags  general market analysis

2021 was a defining year for everything crypto and DeFi. We saw the emergence and rapid growth of a great number of projects and exchanges, and ultimately came to see the future of digital currencies in Web3, a blockchain-integrated internet intermeshed with reality. With so many exciting things going on, so many new exchange platforms and users, making a decision about which crypto...

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