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Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

September 14, 2020 , , , , , , Eddy 0

Unlike the traditional financial system where almost-zero interest rates are being offered to investors, the exuberant annual percentage yields (APY) offered by many DeFi projects are what brought investors to the yield farming valley. Uniswap is inarguably the pioneer of decentralized exchanges (DEXs) as it caught investors’ attention with high returns for liquidity providers. The […]

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Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

August 31, 2020 , , , , , Eddy 0

The Federal Reserve or Fed has announced an “average inflation targeting” plan to drive the annual inflation rate above the standard 2% mark, which will keep interest rates close to zero. The Fed’s new approach to inflation policies signal that interest rates will be kept near-zero in order to achieve the target. Ultimately, these drastic […]

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Bitcoin Price Analysis: BTC/USD Majestically Propelled Above $12k, Is $13,000 Within Reach?

August 18, 2020 , , , , , Eddy 0

Bitcoin bulls take down the resistance at $12,084 and $12,145 to trade a new yearly high at $12,492. BTC/USD slowed down price action suggests that consolidation will follow ahead of a breakout to $13,000. Bitcoin finally made the last stroke above $12,000 on Monday ascending to a new yearly high at $12,492 (on Coinbase). The […]

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Ripple Price Forecast: XRP/USD Must Reclaim $0.30 To Get The Bullish Mojo Going – Analyst

August 18, 2020 , , , , , Eddy 0

Ripple price consolidates around $0.30 in anticipation of a rally above $0.3250 hurdle. XRP/USD must continue to hold above $0.30 to avert losses while keeping the focus on $0.3250 and $0.35 respectively. Ripple has in the past few days remained lethargic in its price action. These mundane trading activities around $0.30 come after Ripple ascended […]

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Bitcoin Technical Analysis: BTC/USD Unable To Break $12k Resistance But PlanB Believes $20,000 Is Nigh

August 18, 2020 , , , , , Eddy 0

Bitcoin bulls rush to secure the tentative support at $11,800 following another rejection from $12,000. Plan B believes Bitcoin’s next bullish target is 2017’s all-time high. Bitcoin price action has been mundane mainly because it was not been able to overcome the seller congestions at $12,000. There was a brief recovery over the weekend supported […]

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Bitcoin Cash Price Analysis: BCH/USD Clears The Path To $400

Bitcoin Cash Price Analysis: BCH/USD Clears The Path To $400

August 10, 2020 , , , , , Eddy 0

Bitcoin Cash reclaims support above $300 as buyers build the momentum to take down the $400 resistance. BCH/USD faces increasing selling pressure at $310 ahead of the next key hurdle at $320. Bitcoin Cash price hit a wall at $326 in the wake of rallying prices across the cryptocurrency market. A flash drop occurred culminating […]

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Bitcoin Price Forecast: BTC/USD Eyes $14,000 But First $12,000 Must Be Conquered

Bitcoin Price Forecast: BTC/USD Eyes $14,000 But First $12,000 Must Be Conquered

August 10, 2020 , , , , , Eddy 0

Bitcoin price remains in the bullish hands with the path to $14,000 already curved out. BTC/USD potential for gains above $12,000 in the near term mounts with gains supported by most of the technical levels. Bitcoin has had a relatively impressive weekend session. The session was not ballistic like the one before it but it […]

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LINK Conquered $10 Moments Before Bitcoin’s Rally: Chainlink Price Analysis

LINK Conquered $10 Moments Before Bitcoin’s Rally: Chainlink Price Analysis

August 5, 2020 , , , , Eddy 0

Chainlink saw an impressive 32% surge over the past week as the coin edges toward $10. The resistance at $10 is expected to be very strong and will require some significant volume to overcome. Against Bitcoin, LINK is struggling to break 90,000 SAT. LINK/USD: LINK Bulls Spike Toward $10 Before Falling To $9.40 Key Support […]

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