EOS rallied in May after Block.one, a blockchain software firm, announced a $10-billion funding round to build an EOS-based crypto exchange platform called Bullish. The EOSIO development company revealed that it had raised capital from Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon. In light of the “bullish” news, the recent $6 local top stands 60% below the $15 high reached on May 12, and this leaves investors with little reason to celebrate. At the moment, retail traders are not comfortable using leverage for bullish positions, and professional traders have been neutral-to-optimistic …

Binance Coin (BNB) rallied 30% in two weeks, but the fourth-largest cryptocurrency by market capitalization seems to be struggling to break the $450 resistance. Coincidently, this is the same top from June 3, which was followed by a 48% correction down to $225. Given the similarity of the situation when compared with previous instances, investors have reasons to doubt the recent performance, especially as Solana (SOL), a competing smart contract platform, reached an all-time high on Aug. 18. The move was partially attributed to a recent $70-million crowdfund to support Solana's decentralized exchange (DEX), Mango Markets, and the launch of …

Layer-one blockchain networks like Bitcoin (BTC) and Ethereum (ETH) form the foundation of the cryptocurrency ecosystem and enable smart contract functionality that has allowed the creation of new industries like decentralized finance (DeFi) and nonfungible tokens (NFT). Avalanche (AVAX) is a relatively new layer-one solution that has recently seen a significant increase in price and adoption as the dominant smart-contract platform, Ethereum, continues to struggle with high transaction costs and slower processing times compared with its competitors. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $12.24 on Aug. 3, the price of AVAX rallied …

Bulls officially made their claim clear today as Bitcoin (BTC) price rallied 4.18% to $49,163 and captured the attention of investors who've been waiting for BTC to reclaim the $50,000 mark. The uptick in bullish momentum translated into a wave of green candles from altcoins and the majority of the tokens in the top 200 registered gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Syscoin (SYS), TrustSwap (SWAP) and PARSIQ (PRQ). Syscoin celebrates its seventh birthday The best performing coin over the past 24-hours has been Syscoin, a platform that …

A recent price rally in the market of Polygon's native MATIC token pushed its prices above $1.56 for the first time in more than two months. The MATIC/USDT exchange rate rose 20.65% in just two days to reclaim its June 17 high. Traders raised their bids for the pair after Polygon announced that it would create a decentralized autonomous organization (DAO) for its community members while focusing specifically on the booming decentralized finance (DeFi) space. Polygon, which offers layer-two scaling solutions for Ethereum projects, allocated $100 million for the DAO creation — and also to bring DeFi projects into its …

Cardano’s native token, ADA, ignored a serious price crash warning to rally to a new all-time high. The ADA/USD exchange rate reached $2.56 for the first time on Friday, following a 154.54% price boom that started on July 20. In doing so, the pair also ignored veteran trader Peter Brandt’s 60%–90% price crash warning, which was based on a classic bearish pattern called the head and shoulders. I remember being scoffed at unmercifully when I identified this top in $LTCUSD back in mid 2018 Hey Cardano trolls $ADAUSD , take aim... pic.twitter.com/3gytNHW4cR — Peter Brandt (@PeterLBrandt) July 30, 2021 But …

Smart contracts have been a revolutionary force in the blockchain industry because they have enabled the creation of decentralized finance protocols, nonfungible tokens and a new form of carrying out transactions without the need for an intermediary. Cardano is one of the many projects that has been gaining momentum throughout 2021 and now that the project’s long-awaited smart contract capabilities are on the verge of becoming reality, the token is on the precipice of setting a new all-time high. Data from Cointelegraph Markets Pro and TradingView shows that after bottoming at a low of $1.02 on July 20, the price …

The cryptocurrency market got off to a slow start on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put pressure on global financial markets, but momentum within the crypto market picked up in the afternoon session as Bitcoin (BTC) bulls finally managed to break above the $46,000 level. While most altcoins were slow to warm up on Thursday, several altcoins led the way with gains in excess of 20% due to major protocol upgrades and exchange listings. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Voyager Token (VGX), …

The Avalanche blockchain platform's native asset, AVAX, fell on Aug. 19 as traders decided to secure their profits from its 100% upside move. The AVAX/USD exchange rate plunged more than 16% after hitting a three-month high of $36.64, putting the brakes on a seven-day upside boom that saw its price rise by 111%. It appears that traders felt uneasy about entering AVAX markets near $36 because of its historical reference as a sell-off level, capping AVAX's previous recovery attempts from March to May. Overvaluation risks AVAX also dropped on interim overvaluation fears. The daily relative strength index (RSI) of Avalanche's …

The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%. One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused on increasing engagement and advertising revenues for video publishers. Data from Cointelegraph Markets Pro and TradingView shows that after declining from a high at $0.0558 on April 17 to a low of $0.0073 on July 20, the price of Verasity's VRA token has …

The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities and provided traders with lower-fee Ethereum network alternatives. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quant (QNT), Arweave (AR) and Avalanche (AVAX). AR continues its hot streak Arweave's AR token has been one of the …

In financial markets, the uneven distribution of information comes hand in hand with the uneven distribution of economic power. The cryptocurrency market is no exception, and oftentimes, those with insider knowledge or access to industry-grade data intelligence tools can put their digital assets to work in ways the everyday retail investor can’t. Still, regular traders can profitably leverage publicly available, market-moving news if they are lucky enough to get to it before the rest of the pack. Research suggests that certain types of news announcements — such as those related to staking, listings and partnerships — have the greatest potential …