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The charts below show the weekly time frames of both BTCUSD and ETHUSD. Each has charted a higher trough, but a higher peak is needed to fulfill an uptrend's requirements. To this end, we do note that each stochastic has turned up from below 20 (black ellipses). The bullish momentum may be mounting if they continue upwards and cross over their respective 50 levels.
Ethereum and Avalanche are two highly popular blockchain platforms. While many blockchains support smart contracts and decentralised applications (DApps), few have earned the respect as being serious DApp platforms. The most popular of which is Ethereum, a long-time frontrunner in the blockchain decentralised finance (DeFi) ecosystem. However, Avalanche has attracted a passionate following within the past couple of years as well. This article will explain the differences between Ethereum and…
Solana and Polkadot are highly visible blockchain technology projects that have drawn substantial interest from both investors and developers. While they do have some similarities, they are different in many ways, especially when looking at their fundamental purpose or use case. This article will look at both networks, providing an overview and explaining how they are alike, and how they are dissimilar. Solana Explained Solana is a blockchain network that…
Investors are jittery and they monitor the situation in Ukraine, while the country’s Minister of Digital Transformation asks exchanges to freeze Russian and Belarusian accounts
Major cryptocurrencies drop as Russia undertakes military operation in Ukraine, amidst broader risk aversion
Ethereum reached its all-time high of $4,864.40 on 10 November last year. Since then, its price has deteriorated by 47.9% as of trade today, which is an enormous erosion of capital. During an interview with Bloomberg, Vitalik Buterin, co-founder of Ethereum blockchain, said, "The people who are deep into crypto, and especially building things, a lot of them welcome a bear market. [This is] because when there are these long…
BTC/USD is cautious today and extends this week’s losses, amidst broader risk-aversion in financial markets
Weekly Below is the weekly bitcoin chart. We have added a triple moving average to gauge the longer-term trend. In this regard, the first crack has appeared. The fast green moving average has crossed below the slow red moving average (aqua ellipse). If the medium-paced orange moving average follows suit and crosses below the red moving average, the weekly chart's moving averages would be lined up in a bearish formation.…
Since Bitcoin (BTC) broke onto the scene in 2009, the growth of blockchain technology has been exponential. From facilitating the trade of traditional cryptocurrency products, to NFTs and ICOs, the blockchain has gone mainstream. As a result, the term decentralised finance (DeFi) has become a buzzword not only in the crypto space, but within the broader commercial landscape. What Is Decentralised Finance (DeFi)? Decentralised finance, commonly referred to as "DeFi,"…
The evolution of information systems technology has given rise to many industries that impact the global financial landscape. Among the most prominent are remote securities trading, the exchange of cryptocurrency assets and the fledgling decentralised finance (DeFi) sector. The latter two arenas are inherently connected to the blockchain. The blockchain is a digital system for recording data sets that is extremely difficult to alter. Essentially, it is a decentralised public…
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