TechnicalAnalysis Archives - Page 119 of 139

May 04, 2022

Chainlink Traders Lose Confidence as Bearish Streak Persists

Chainlink (LINK) has been one of the favorite crypto projects by investors, thanks to the services it renders. LINK fans also lauded the project even when its price performed poorly. Due to its dominance in the DeFi space, many expect the token to eventually recover after a crash. However, the past...

#Chainlink #CRYPTOCURRENCY #LINK #NEWS #TechnicalAnalysis

May 03, 2022

Bitcoin Mining Revenue Drops in April as Price Struggle Persists

As Bitcoin (BTC) continues to falter, the latest on-chain reports compiled by blockchain-focused platform The Block Research shows that mining revenue for the benchmark cryptocurrency dropped in April. The report showed that BTC miners realized only $1.16 billion in April 2022, a 4.3% drop from the...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

May 02, 2022

Ethereum Records Boom in Revenue, Daily Active Addresses, and NFT Volume: Bankless Report

Latest reports from Bankless, Ethereum (ETH) has recorded a revenue spike of 46%, from $1.6 billion to $2.4 billion in Q1 2022. The report detailed that about 87% (or $2.1 billion) of the realized revenue got siphoned out of Ethereum’s existing supply through the controversial burning mechanism. Th...

#CRYPTOCURRENCY #ETH #Ethereum #NEWS #TechnicalAnalysis

May 01, 2022

Bitcoin to Go Obsolete if It Fails to Pivot to PoS System: Anatoly Yakovenko

One of Solana’s co-founders, Anatoly Yakovenko, has explained how the proof-of-work (PoW) consensus mechanism of Bitcoin (BTC) could affect the benchmark cryptocurrency in the future. Yakovenko boasted, in a recent interview with CNBC, that one of the advantages Solana holds over Bitcoin is the ene...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

April 29, 2022

Dogecoin Becomes one of the Most Preferred Smart Contracts Payments Tool by BSC Whales

Recent data from WhaleStats suggests that Dogecoin (DOGE) has become one of the most used cryptocurrencies for smart contract payments by the top 500 BSC whales. Naturally, the meme token’s trading volume has surged significantly amid the increased use by whales. Also, Dogecoin currently ranks amon...

#CRYPTOCURRENCY #DOGE #DOGECOIN #NEWS #TechnicalAnalysis

April 28, 2022

Bitcoin Records Lifetime Mining Difficulty as BTC Slumps

After recording its 733,824th mined block, Bitcoin (BTC) has now hit its most difficult mining level in its history. At press time, and for the next two weeks, the network difficulty will be 29.79 trillion until its next difficulty adjustment, 5.56% higher than the last difficulty level. Bitcoin’s ...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

April 27, 2022

Cardano Stumbles as Ledger Releases Upgrade to Accommodate Smart Contract for ADA Holders

Prominent crypto hardware storage provider, Ledger, has announced an upgrade for the Cardano (ADA) app to accommodate the latest additions to the ADA ecosystem. The Ledger Cardano app has seen an upgrade to version 4.0.0, which would allow for smart contract functionalities. The official Ledger Twi...

#ADA #Cardano #CRYPTOCURRENCY #NEWS #TechnicalAnalysis

April 25, 2022

Shiba Inu Launches Token Burning Platform for Holders, Promises Reward for Burning

A new addition to the Shiba Inu (SHIB) network now allows holders to earn rewards for burning their SHIB tokens, as the cryptocurrency project’s development team launched the Shibaswap burn portal to incentivize token-burning culture. Though some entities on the SHIB network have been burning token...

#CRYPTOCURRENCY #NEWS #SHIB #Shiba Inu #TechnicalAnalysis

April 24, 2022

Bitcoin Breaches $40K Support as MicroStrategy Denies Offloading Rumours

Rumors hit the market this week that Nasdaq-listed software company MicroStrategy was silently offloading its Bitcoin (BTC) holding. However, MicroStrategy CEO Michael Saylor took to Twitter on Friday to dismiss the allegations, asserting that his company, under the requirement of SEC regulation, i...

#BITCOIN #BTC #CRYPTOCURRENCY #NEWS #TechnicalAnalysis