@FXEmpire
@FXEmpire
The Crypto Market is Alive and Well. 10,000% Returns Remain a Reality for Want to be Billionaires **Following the impressive runs across the crypto majors over the last 2-years, investors will be looking for the next big move.** **NFTs** have certainly grabbed plenty of headlines. Cryptos remain an investor favorite, however, with volatility continuing to lure investors away from more mature asset classes.…
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Polkadot on Blue Flames, Breaks Record High **Polkadot has had a good season, not just in terms of coin price but also in terms of network performance.** Polkadot’s native coin, DOT, broke above $50, before settling at $48.8 on Tuesday morning in London. Thus, it surpassed the $49.4 high set in May, reaching an all-time high of $50.9. https://www.fxempire.com/crypto/dot Polkadot has had a good season, not just in terms of coin price but also in terms of network performance.…
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What Are Upgradable NFTs and How Can They Benefit Artists, Brands, and Metaverses? **It was only recently that the world caught on to yet another craze, this time in the form of a new type of blockchain-based assets called non-fungible tokens, or NFTs. Since then, the interest for all things NFT has kept growing at neck breaking speed, spurring countless digital art pieces (some more bizarre than others), and grabbing headlines for their multi-million-dollar valuations.**…
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Ether Sets New ATH Above $4,600, Could Soon Move Above $5,000 **Ether, the leading altcoin, has reached a new all-time high above $4,600 and looks primed to break past the $5,000 resistance level over the coming days or weeks.** Ether has set a new all-time high for the third time in the past month and could look to reach the $5,000 mark over the coming days or weeks. ETH Sets a New All-Time High at $4,634 Ether, the second-largest cryptocurrency by market cap and the native…
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Solana Flips Cardano and Sets a New All-Time High. Will it Rally Higher? **Solana’s price has reached a new all-time after rallying by more than 11%, surpassing Cardano in the process to become the fifth-largest cryptocurrency by market cap.** Solana has overtaken Cardano in terms of market cap, setting a new all-time high in the process and could be primed to surge higher in the coming days. Solana Overtakes Cardano Solana has overtaken Cardano to become the fifth-largest…
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Ether (ETH) Stays Bullish Above $4,490 As Layer 2 Gathers Momentum **Also, a whale moved almost $1.8 billion worth of Ethereum’s coin over the last 24 hours.** Ethereum’s (ETH) price action has been quite bullish from a broad perspective, as the second’s largest cryptocurrency by market capitalization is on track to refresh its all-time highs above $4,700. https://www.fxempire.com/crypto/eth However, the sustained move can have different explanations, given to the current…
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Whale Acquires $3.6M Worth of FLOKI Token, Price Stands at $0.00028 **The anonymous BSC wallet split the transaction to buy the tokens, initially acquiring just 218,000 FLOKI coins.** Shiba Inu (SHIB) and Floki Inu had have stolen the show in the last few weeks due to its growing popularity as meme coins across the **cryptocurrency** sphere. Now, eyes are on the FLOKI token, which had seen some interesting moves aside from recent Elon Musk’s tweet that boosted its prices to…
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Dogecoin (DOGE) to Look For Buyers Around 200-SMA at $0.25 **The co-founder of the project behind the meme coin had distanced itself from the SHIB coin.** The “meme coin” mania remains alive and on fire among the crypto sphere, with Shiba Inu (SHIB) and Floki Inu (FLOKI) as the trending topics. Still, both are directly tied to Dogecoin (DOGE), and discussions arose about it. https://www.fxempire.com/crypto/shib https://www.fxempire.com/crypto/doge Elon Musk, the eccentric…
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Bitcoin’s Dominance Level Drops to 42% as Altcoins Rally **Bitcoin’s market dominance level has dropped below the 42% level as altcoins such as Ether continue to eat into the leading cryptocurrency’s dominance level.** Bitcoin remains the leading cryptocurrency in the world, but its market dominance has been decreasing in recent months. Bitcoin’s Dominance Level Now Below 43% Bitcoin is the number one cryptocurrency in the world. It has been that way since it was launched in…
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Filecoin (FIL) Mainnet Celebrates First Anniversary, Price Stands at $62 **But the celebration was in some way watered down by a Chinese police action against a major Filecoin community.** The Filecoin (FIL) team is celebrating the first anniversary of its mainnet, whose major product runs 13 EiB of file storage nowadays. https://www.fxempire.com/crypto/fil The project operates a distributed data storage ecosystem, but its celebrations were overshadowed in some way after a…
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Bitcoin (BTC) Bears Are Reluctant To Crack Below $60,000 **A billionaire Canadian asset management firm is also set to launch crypto offerings.** At the end of the business week, Bitcoin (BTC) remains trapped in a consolidation phase of around $61,200 while it looks for bids in the midst of the optimistic stance despite the pullbacks. https://www.fxempire.com/crypto/btc The week’s main headline for the world’s largest cryptocurrency by market capitalization is none other…
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Bitcoin and Ethereum – Weekly Technical Analysis – November 8th, 2021 Bitcoin Bitcoin, BTC to USD, rose by 3.16% in the week ending 7th November. Following a 0.82% gain from the week prior, Bitcoin ended the week at $63,263.0. https://www.fxempire.com/crypto/btc A bearish start to the week saw Bitcoin fall to a Monday intraweek low $59,522.0 before making a move. Steering clear of the first major support level at $58,069, Bitcoin rose to a Tuesday intraweek high $64,291.0.…
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Analysts: Crypto Bull Run Likely Far From Over for BTC and ETH **With the broader cryptocurrency market cap now barreling toward $3 trillion, the bulls are clearly in control.** The cryptocurrency markets are back in record territory. Bitcoin has crossed $66,000, while Ethereum is trading above $4,700. Not surprisingly, price predictions are back. And with the broader cryptocurrency market cap now barreling toward $3 trillion, the bulls are clearly in control.…
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Crypto Bull-Run: Did The Market Cap Hit The $3 Trillion Figure? **Mixed readings from specialized websites suggest that the crypto market cap didn’t test yet the $3 trillion milestone.** As the cryptocurrency market is enjoying a profitable day due to the bull-run seen across most majors, especially in Bitcoin (**BTC**), its total market capitalization seemed to have tested the $3 trillion threshold. https://www.fxempire.com/crypto/btc/ At least that’s what Coingecko noted…
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Bitcoin Eclipses $68K, Biggest Upgrade In 4 Years Takes Spotlight **The biggest upgrade to bitcoin in four years will happen next week. It is called Taproot** During the most recent wave of buying pressures at the ever-evolving market, Bitcoin’s price jumped 68k– surpassing a previous record set in late October The biggest upgrade to bitcoin in four years will happen next week. It is called Taproot. Enhanced privacy and efficiency will result from this – and it will unlock…
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Cardano (ADA) Strongly Bullish After Major Breakout, Eyeing $2.40 **The cryptocurrency is following the bull-run seen on its counterparts which are printing new ATHs.** After a relatively overextended stagnation period, Cardano (ADA) managed to make a definite breakout upwards, and now it’s hovering around the $2.30 neighborhood. https://www.fxempire.com/crypto/ada Bulls now are taking control of the price action following a strong selling pressure concentrated at the $2.10…
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Veteran Trader Says Litecoin (LTC) Set to Rally Towards $400 **Peter Brandt noted that one of the largest cryptocurrencies by market cap already broke a critical resistance area.** Litecoin’s (LTC) price had been pumped over 40% in the last few days amid a renewed buying interest surrounding the cryptocurrency, now exchanging hands at $287.48. The coin managed to refresh its 6-month highs after breaking a critical resistance formed around $232.21, which helped cap LTC gains…
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ETH: The Low-Risk Buying Opportunity Came and Went. $7K Next?! **I see no reason to turn bearish until the price breaks below the 10-w SMA ($3830 and rising) for starters.** Last month, see my most recent article **here**, using the Elliott Wave Principle (EWP) I was looking for Ethereum (ETH) to https://www.fxempire.com/forecasts/article/ethereum-last-chance-for-a-low-risk-buying-opportunity-should-be-around-the-corner-790008 http://fxempire.com/crypto/eth “*ideally top*…
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Elon Musk Sells $1.1B Worth In Tesla Shares, Will He Buy Cryptos? **Tesla’s CEO hasn’t disclosed yet how he’ll use the funds obtained from the billionaire transaction.** Will Elon Musk buy more cryptocurrencies soon? That’s the question that had arisen after the eccentric billionaire sold over 934,000 shares of Tesla, where he’s the CEO. So far, Musk owns 43,200 Bitcoin (BTC), which is worth $2.79 billion as of press time. https://www.fxempire.com/crypto/btc The shares’…
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Shiba Inu on Move Again Following Recent Correction **Shiba Inu is up by more than 9% today as it starts to recover from its recent dip and could rally towards the $0.00007 level in the coming hours and days if it maintains the momentum.** Shiba Inu is recovering from recent losses and is currently up by more than 8% over the past 24 hours. SHIB Rallies by More Than 9% **Shiba Inu is one of the leading meme coins** in the world and has recorded massive profits since the…
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Cardano (ADA) Inside Stagnation Zone Above $2, Still Targets $2.40 **Although the price remains trapped in a consolidation zone, ADA remains poised to crack higher.** Cardano (ADA) has been again into a rangebound stage that doesn’t look clear at all from a short-term perspective. https://www.fxempire.com/crypto/ada The price rallied early this week to hit a high around $2.37 and then strongly pulled back to consolidate below the 200-period simple moving average at the H4…