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Ethereum and Dogecoin Primed for Breakouts As Crypto Markets Gear Up for Bullish December, According to Analyst Justin Bennett

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Posted on November 29, 2021

Crypto analyst Justin Bennett says that December could bring rallies to the digital asset markets, with Ethereum (ETH) and Dogecoin (DOGE) potentially at the forefront. The analyst tells his 91,000 Twitter followers that the dollar index (DXY), which compares the USD to a basket of other fiat currencies, is flashing a bullish signal for the

Will Litecoin Repeat Its 2017 Bull Cycle? Crypto Exchange Kraken Says LTC Seeing Unprecedented Demand and Network Activity

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Posted on November 29, 2021

Digital asset exchange Kraken is looking at the on-chain metrics of Litecoin to determine whether the peer-to-peer payments network can duplicate its 2017 bull market performance. In a new report, Kraken highlights that in December 2017, Litecoin (LTC) surged 638% in just 30 days from $50 to $369. According to Kraken, LTC is flashing on-chain

Former Wall Street Banker Partners With Ethereum Competitor for New $1,500,000,000 Crypto Fund

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Posted on November 29, 2021

A former Citigroup executive is shaking up the crypto investment space with a $1.5 billion venture, partnering with a leading layer 1 altcoin project. Hivemind Capital Partners is an investment firm founded by Matt Zhang, a 14-year Citigroup Inc veteran. In a press release, Zhang announces Hivemind’s mission to provide solutions to early blockchain entrepreneurs through

Shiba Inu Whales Gobble Up Billions Worth of SHIB Following Announcement of New Gaming Partnership

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Posted on November 29, 2021

Crypto whales are loading up on more Shiba Inu (SHIB) following news of the altcoin project’s potential expansion into the metaverse. Whale-tracking platform WhaleStats reports that of the top 100 Ethereum wallets holding SHIB, the average balance increased by a whopping 42.7% to 2.523 billion in the past 24 hours alone. The quick accumulation puts

Key data points suggest the crypto market’s short-term correction is over

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Posted on November 29, 2021

The performance of cryptocurrencies in the past 7 days might have seemed slightly unexciting, especially since the total market capitalization increased by “only” 1.8% to reach $2.7 trillion. However, even with the muted price action, some altcoins managed a decent rally. Bitcoin (BTC), on the other hand, was down 6% until Nov. 28, but it

Bitcoin, Ethereum and Two Smart Contract Competitors Are the Winners Among Institutional Investors, According to Crypto Asset Manager CoinShares

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Posted on November 29, 2021

Leading digital asset manager CoinShares says institutional investors have a strong appetite for Bitcoin (BTC) and three leading smart contract platforms. According to the firm, the overall crypto market correction has left investors hungry for more. “Digital asset investment products saw inflows of US$306m last week suggesting [a] continued appetite for digital assets.” As usual,

Long-Term Holders Liquidate their Supply as Bitcoin Slips to a 6-Week Low

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Posted on November 29, 2021

Bitcoin (BTC) experienced its largest correction since setting a new all-time high (ATH) of $69K by hitting a 6-week low of $54,000. This was partly caused by long-term Bitcoin holders offloading their supply. On-chain analyst Dylan LeClair explained: “With asset classes selling off on fears of a new coronavirus variant, we can see the

BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB

By - admin
Posted on November 29, 2021

The crypto markets and the global equity markets staged a strong recovery on Nov. 29 in spite of the uncertainty from the newly discovered Omicron variant of COVID-19. Long-term investors seem to view the recent dip as a prime buying opportunity. A recent filing by MicroStrategy showed that the firm purchased 7,002 Bitcoin (BTC) at

Ethereum Supply on Exchanges Diminish to 12%, Signifying a Holding Culture

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Posted on November 29, 2021

Despite retracing from an all-time high (ATH) price of $4,860 recorded earlier this month, Ethereum supply on exchanges continues to nosedive. On-chain analyst Matthew Hyland confirmed: “The amount of Ethereum supply on exchanges is crashing further down. Only 12% of the Ethereum supply is now left on exchanges.” Whenever coins leave crypto

Cardano Developers Introduce New Upgrade As Network Moves Into Next Phase of Roadmap

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Posted on November 29, 2021

The technology company responsible for building Cardano (ADA) is upgrading the network as it pushes for the next phase of the blockchain’s development. In a new blog post, Input Output Hong Kong (IOHK) says that Cardano is seeing a significant increase in users and transactions after it deployed smart contract capability for the network with

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