Cryptocurrency Analysis and News Portal
Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long aggregate crypto futures contracts that were liquidated over the
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Bitcoin (BTC) bears will probably be too "stoneless" to keep prices down much longer, fresh BTC price analysis argues.In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin's recent 39% correction.Sheep in bear's clothingA combination of macro factors and smart action from big
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While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact
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Bitcoin made a new all-time high early this morning, peaking at $68,500. Analysts are suggesting that a lack of supply is a major factor behind the peak, as some reports show that 85% of existing supply has pretty much remained inactive for the past 3 months. According to CoinGecko, which tracks
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Bolu said what’s most concerning is that Coinbase appears to be “lagging on almost every crypto innovation (including altcoins, derivatives, NFTs).” If this trend continues, he said, the crypto exchange could rapidly lose relevance similar to what happened to Netscape in the early internet era. Source
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While originally spruiked as a futuristic city inspired by the Marvel movie Black Panther that would emerge as a “beacon of innovation and human development” and bolster the West African and Senegalese economies by Akon in 2018, there are few signs of the city’s development beyond a ceremonial stone that
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Conservative Australian senator, Andrew Bragg, has asserted that Australia must introduce better regulations for crypto assets if the country is to “stay ahead of the game” and foster innovation.Appearing on Sky News, the member of the ruling Liberal Party — who is chairing a senate inquiry into Bitcoin and other
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Bitcoin price along with the rest of the crypto market plummeted today in a shakeout of epic proportions. The highly speculative asset class dropped by as much as 50% from highs, some plunging that much today alone due to the market extreme volatility. The top cryptocurrency by market cap is now
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Polkadot’s parachain auctions will mark the most significant milestone on its roadmap since the mainnet launch in 2020. Currently in the testnet on the Rococo network, the next stage of the launch will involve the rollout of parachains on Polkadot’s crazy cousin, the “canary network” Kusama. The rollout of Polkadot
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We’re obsessed with wanting to draw rational relationships between the price of crypto tokens and the value behind them. There is no shortage of viewpoints from analysts, entrepreneurs, developers, pundits or investors on this question. Just google “crypto tokens valuation metrics” and you will see the variety of what has
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