[ad_2][ad_1] Alternative investment analyst Timothy Peterson says he believes XRP is gearing up for a long-awaited breakout that could see the fourth-largest crypto asset outperform Bitcoin. In a series of tweets, Peterson He says the Lowest Price Forward (LPF) metric suggests that the XRP is close to an inflection point. …
Read More »3 reasons why traders expect Ether price to rise above $ 500 in 2020
[ad_2][ad_1] On November 6, the price of Ether (ETH) jumped to $ 447 on Binance while the price of Bitcoin (BTC) returned to the $ 15,500 level after losing around $ 15,900. Based on Ether’s strong momentum, traders expect a broader rally to emerge in the near term. There are …
Read More »Traders are apathetic as Huobi launches two new assets wrapped on Ethereum
[ad_2][ad_1] Following the success of HBTC – the Ethereum tradable wrapped Bitcoin that currently insures nearly $ 70 million in BTC – Huobi Global has released the latest in its “H-token” series: Litecoin and Bitcoin SV. However, traders and developers so far don’t seem interested. First announced in September, the …
Read More »New Ethereum DEX Banks on Liquidity Rewards to Attract Traders
[ad_2][ad_1] In the letter Decentralized exchange Tokenlon is allocating 10 million of its 200 million supply of LON tokens to users over the next 50 days. Tokenlon uses API 0x to combine off-chain and on-chain actions to get the best price to traders while maintaining control of their tokens. Tokenlon …
Read More »The expiration of the $ 750 million pre-Halloween Bitcoin options has started to scare traders
[ad_2][ad_1] While cryptocurrency traders have been exuberant about the price hike, a number of analysts have focused on the big expirations of the bitcoin and ethereum options that are expected to end before Halloween. Data from Skew.com shows that $ 750 million in Bitcoin options are about to expire and …
Read More »If Bitcoin goes above $ 14,000, analysts say traders should be looking at $ 20,000 instead of looking back
[ad_2][ad_1] While bitcoin prices hit all-time highs of 2020 on Tuesday, some analysts say they expect only a few more hurdles to break through the 2017 all-time high (ATH). For example, Etoro’s market analyst David Derhy says he is looking at $ 20,000 instead of $ 12,000. Some famous cryptocurrency …
Read More »Top traders say Bitcoin’s ledger chart points to a 2017-style BTC bull run
[ad_2][ad_1] Peter Brandt, a well-regarded veteran trader, recently stressed the high demand from institutions as a key catalyst for Bitcoin’s strong performance. 1 month BTC / USD chart. Source: TradingView The strong technical structure of BTC, especially the weekly chart, and the strengthening of the fundamentals are supporting the market …
Read More »After a 16% drop, traders are aiming for the $ 250 price of Ethereum – here are 3 reasons
[ad_2][ad_1] The cryptocurrency market saw a significant correction today and the price of Ether (ETH) has not escaped the carnage. Over the past 24 hours, the top altcoin has fallen by 12% as the price has fallen to $ 331. Over the same period, the price of Bitcoin (BTC) fell …
Read More »Market Wrap: Bitcoin bounces to $ 11.8K as Ether options traders go bearish
[ad_2][ad_1] Bitcoin is up on Friday as ether options traders are overwhelmingly bearish. “Crypto has had a good run for about three weeks in a row since late July,” said David Lifchitz, chief investment officer for quantitative trading firm ExoAlpha. “There is a current resistance level of $ 12,500 per …
Read More »If cryptocurrency traders are leaving Litecoin why are investors hoarding LTC?
[ad_2][ad_1] Price-wise, Litecoin (LTC) has had a pretty tough year and currently the altcoin has dropped 51% over the past twelve months. The lack of GitHub activity and planned protocol updates prompted Litecoin co-founder Charlie Lee to admit that 2019 saw an all-time low in the number of developers working …
Read More »