Ocean Protocol, an open-source protocol that aims to allow individuals and businesses to exchange and monetize data, has seen a dramatic climb in support in the last number of days. Its token Ocean has gained 27% in 24 hours and is up 39% in the last 7 days. So what is the main driver of…
San Francisco-based Kraken will list Internet Computer on the Kraken and Kraken Pro platforms this Friday. On its debut in May 2021, Internet Computer stormed the market cap rankings, peaking as high as fourth place. It’s rare for newcomers to have such an impact from the off, which triggered massive interest across the board at…
Are we in for a crash like the one hitting the crypto market two years ago? There’s certainly no shortage of storm clouds on the horizon. The uncertainty associated with the many macro- and geopolitical risks has weakened shorter-term on-chain accumulation trends since January, according to on-chain analysts Glassnode. To read the rest of this…
This year has not been favorable to the price actions of neither bitcoin (BTC) nor ether (ETH), the two major cryptocurrencies by market cap. Bitcoin started out this year trading at $47,370 but has since then fallen to $38,945 at press time. Looking at ether, the story is the same, or even worse as the…
Bitcoin prices have traded within a volatile consolidation range this week, opening at a weekly low of $37,333, rallying to a high of $45,039, and then giving back the majority of the gains, trading at $38,900 at press time. According to data analysts Glassnode’s weekly newsletter, as the global macro and geopolitical stage, the war…
As the war in Ukraine moves into its third week, if there still is a demand for bitcoin (BTC) and other cryptocurrencies in the Russian and Ukrainian markets, to try to escape sanctions or as an escape route for people to safeguard their funds, this does not seem to have reflections on market prices of…
All eyes are on the war in Ukraine, including those of crypto traders, and for obvious reasons, of course. Crypto’s volatility over the past week has been expected while many are trying to figure out how to adjust to the geopolitical situation. It’s safe to assume that some of the buying pressure is coming from…
As the war in Ukraine continues, Bitcoin and the rest of the crypto market, including Ethereum, has been highly correlated to the traditional market. With the S&P 500 and Nasdaq opening cautiously upwards, bitcoin has once again spiked and is trading above $41,000. The correlation to traditional markets seems broken, at least for the moment….
In 2021, dozens of promising projects in DeFi, NFT, and GameFi brought more tokens to the market than any one person can follow. Whereas most tracked the price of BTC and ETH, we saw some new tokens buck this trend for the first time, and while many tokens saw astronomical gains, other projects got hacked…
Avalanche reached its all-time high on Thursday, jumping almost 30% in less than 24 hours. And while surges like this aren’t uncommon among high market-cap cryptocurrencies, Avalanche’s rally is unique as the token defied the overall market downfall. Strong on-chain activity and ambitious partnerships are behind Avalanche’s rally Launched in September 2020, Avalanche has had…