Tag: technical analysis

The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product.Bitcoin, the world’s most valuable cryptocurrency, recently saw its total transfer volume exceed $15.8 trillion for the first time in less than seven months of this year.This means bitcoin’s total transfer volume currently represents 70% of the...

Flow empowers developers to build thriving crypto- and crypto-enabled businesses. Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is the only layer-one blockchain originally created by a team that has consistently delivered great consumer blockchain...

Helium (HNT) is a blockchain-powered network for Internet of Things (IoT) devices. The network is created by gateways who also double as miners on our network. These gateway operators can earn tokens based on coverage they provide as well as transaction fees gained from machines connecting to their gateway Helium is a new cryptocurrency. Hotspots earn for providing and validating wireless coverage and...

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. AXS is the governance token for the Axie Infinity game. Token holders will be able to shape and vote for the direction of the game universe. This is unlike traditional games where all decisions are made by the game...

Chiliz (CHZ) is the leading digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Fans can purchase & trade branded Fan Tokens as well as having the ability to participate, influence, and vote in club-focused surveys & polls. The company’s vision is to bridge the gap between the active and passive fan. It provides millions...

Reading Time: 2 minutes Bitcoin is lacking strength and looks set to lose the key $30,000 area Bitcoin’s weakness is reflective of a general fear in the markets Concerns over a coronavirus resurgence have caused other markets to drop...

Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average. Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from their 2021 highs....

Chainlink is a decentralized oracle network that brings off-chain data into an on-chain format. It bridges the gap between the isolated blockchain and real- world data. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. The...

Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems. Waves is an all-encompassing gateway blockchain protocol advancing technological frontiers of today for the pioneering developers of tomorrow. Leveraging their practical and powerful Waves protocol, they offer a developer-friendly infrastructure as an experimental...

The largest cryptocurrency by market cap continued its downtrend this week, fueled by both poor technicals and increasingly neutral sentiment for the crypto market as a whole. Bitcoin price continued to fall during the Wednesday session as traders anticipate a bearish few days ahead. The price range continues to be stuck in the $30,000 and $35,000 range....

XDC combines the power of Public & Private blockchains with Interoperable Smart Contracts. XDC Network is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. It is powered by the native coin called XDC. The XDC protocol is designed to support smart contracts, 2000TPS, 2seconds transaction time, KYC to Masternodes (Validator Nodes). XDC Chain (XinFin Digital Contract) uses XinFin...

YFI is the governance token for the Yearn Finance protocol. Its purpose is for voting and to receive cash flows from the fees earned by the protocol. Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various...

A highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy. Recognizing that most scalability efforts by other projects are not sufficient in that the efforts are merely “kicking the can down the road”, Elrond set out to create a blockchain that is capable of 1000x throughput than most existing blockchains. This improvement of transaction...

Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. The Hedera Consensus Service (HCS) acts...

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform. Compound is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets. To...

Synthetix is a decentralized synthetic asset issuance protocol Synthetic assets or Synths are derivatives that provide exposure to real world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the...

SushiSwap is an Automated Market Maker (AMM). AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the DeFi movement. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as...

Decred is a community directed superior store of value. Decred aims to build a community-directed digital currency whose security, adaptability, and sustainability make it a superior long-term store of value. It is achieving this aim by building the world's first truly decentralized autonomous organization. This has led to an increase in...

Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users. Celsius Network is a P2P lending platform allowing users to borrow and lend cryptocurrencies. The system is based on the Celsius Network native token, CEL. By using their cryptocurrencies as collateral, borrowers can easily have access to fiat currencies with a small interest rate without the need to sell their...

Reading Time: 2 minutes A 15-month trendline is acting as a crucial resistance area After falling through two weeks ago, Bitcoin has twice been rejected from reclaiming it Higher highs and higher lows suggest that it hopefully won’t be too long before it is breached...