In the last 20 days, Bitcoin (BTC) has lost four percentage points of its cryptocurrency market dominance, fueling an altseason. A dominance loss means key cryptocurrencies are outperforming the leader, absorbing capital. Notably, these events are also known as altcoins’ rallies, or ‘altseasons’, if they overextend for a larger time frame. Cryptocurrency traders usually migrate part of their gains to ...
With 2023 almost over and 2024 creeping closer, XRP (XRP) is looking green on all its charts, trading around the important price level at $0.63 and leaving cryptocurrency traders and investors to wonder at which price range(s) it could end up in the year to come. As it happens, the XRP token is showing signs of recovery despite its price ...
Ripple, one of the major XRP sellers, uses its monthly unlocked reserves to fund its operations and team members. By December 21, the company had already dumped 240 million XRP ($148.8 million). This was 40 million tokens more than this month’s unlocked and held amount, suggesting Ripple is liquidating its reserves. Notably, the remittance network’s sell-off continues as the company ...
With many assets in the cryptocurrency market starting to slow down the gains from previous weeks, and some still going strong, others are advancing in a not-so-obvious way – the significant activity of their development teams on growing their related ecosystems – some more intensely than others. Specifically, Cardano (ADA) has reclaimed the top spot among all cryptocurrencies, leading in ...
Despite facing challenges in surpassing the psychological barrier of $2,500, Ethereum (ETH) might witness a similar outlook by the end of the year. This is suggested by BlockchainCenter’s Ethereum rainbow price chart, reflecting momentum in the broader cryptocurrency market. In particular, specific cryptocurrency traders and investors leverage Ethereum’s rainbow chart to analyze the historical trends of the second-largest cryptocurrency by ...
The Artificial Intelligence (AI) run has propelled competition among developers and businesses in 2023. OpenAI’s flagship product, ChatGPT, and Google’s (NASDAQ: GOOGL) Bard are competing examples. Within AI’s popularity rise through this ending year, Finbold has been testing these tools’ capacities to make accurate crypto predictions. In this context, we published multiple stories with price insights and forecasts about some ...
The decentralized finance (DeFi) ecosystem is a living laboratory for a financial revolution less dependent on trusted intermediaries. It is also a thriving market that has already surpassed some relevant economies’ and countries’ GDPs. However, DeFi is still mostly experimental, with dozens of projects surging every day trying to solve similar problems differently. In this context, smart money constantly looks ...
As 2023 is near its conclusion, it is time to look back at the portfolio of one of the most well-known and somewhat controversial figures in the finance space – the seasoned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki. Indeed, in 2023, Kiyosaki has been firmly against fiat money, calling it “trash,” ...
The cryptocurrency market is experimenting with a retracement on December 26, with Bitcoin (BTC) triggering the drop. This correction comes amid rumors of Mt. Gox finally paying its 10-year creditors from the exchange collapse in 2014. As the bearish sentiment intensifies, Bitcoin short-sellers are monetarily rewarded with meaningful profits. Therefore, other speculators have increased their short positions, which can further ...
Much like 2022 and its numerous calamities that shook the crypto industry brought no shortage of bears and doomsayers, 2023 brought recovery and renewed enthusiasm for investors. Indeed, many cryptocurrencies rose to highs not seen in well over a year, such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), while others, like Polygon (MATIC), while benefiting from the rally, are ...
