Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution
16 Aug

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Edward RichardsonBitcoin, Crypto News, Cryptocurrency, Decentralized Exchange (DEX), Decentralized Finance (DeFi), Ethereum (ETH), Price Analysis, Uniswap (UNI)
Uniswap (UNI) nears a critical junction as the top decentralized exchange faces a gripping condition. The protocol has witnessed a barren run since overtaking Curve in most utilized DEX. For instance, Uniswap registered new lows in July, with trading volume plummeting to $37.8 billion, 2022's lowest mark. Furthermore, July's figures remain far by $24.8B from May's $62.7 billion – the yearly peak. Do Not Leave Yet Surprisingly, Uniswap has stayed busy lately after surging on the charts in market cap. UNI's growth over the week reflects such developments. Nevertheless, the altcoin endured a brief fall as other leading cryptos recorded…
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Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)
13 Aug

Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Edward RichardsonCrypto News, Cryptocurrency, Ethereum (ETH), Ethereum Classic (ETC), Price Analysis
Ethereum Classic arrived in the marketplace as a hardfork outcome of the Ethereum (ETH) split in 2016, and it appears to remain in touch with the dominant alt. ETC climbed to new highs some hours after Ethereum concluded the Goerli testnet. July sessions saw Ethereum Classic hitting a 3-month peak after Ether's previous testnet before the Goerli. Indeed, the Merge looks to be a determiner in ETC's subsequent rallies. While publishing this news ETC changed hands at $43, gaining more than 10% within the past day. Meanwhile, the price levels represented the highest for the alt since March's final week.…
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1INCH: Why Near-Term Bearish Retracement Remains a Possibility
13 Aug

1INCH: Why Near-Term Bearish Retracement Remains a Possibility

Edward RichardsonAltcoins, Crypto News, Cryptocurrency, Decentralized Exchange (DEX), Decentralized Finance (DeFi), Price Analysis
The bearish performance in the overall crypto market during the 2022 first half had 1INCH extending its downsides from its ATH by a staggering 93%. Despite that, the platform maintained impressive development activity. That has been the narrative with most crypto projects targeting long-term growth. However, can that aid recovery in 1INCH? The alternative token shows revival signals despite the massive fall. 1INCH has (so far) gained around 67% from June's lowest price level. Furthermore, 1INCH experienced some selling strength during this publication. That came after the alt encountered resistance at the 23.6% FIB retracement area. The FIB retracement retest…
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Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?
13 Aug

Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Edward RichardsonBlockchain, Crypto News, Cryptocurrency, Ethereum (ETH), Price Analysis
Ethereum's migration into a PoS (proof-of-stake) mechanism continues to dominate debate in the blockchain industry. On August 11, the network's core developers confirmed a possible ETH Merge date. Meanwhile, the platform should complete Paris and Bellatrix upgrades before the ultimate Merge into a PoS blockchain. Meanwhile, developers confirmed completing Bellatrix on September 6, whereas Paris will arrive after the platform's hash rate hits a specific mark – a TTD (Total terminal difficulty) of 5875000000000000000000 – anticipated by September 16. This announcement triggered swift uptrends in ETH prices as the altcoin rallied above $1,900, a level it hasn't touched since May.…
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Bitcoin (BTC) Futures Market Liquidation Presents These Tips for Long-Term Holders
13 Aug

Bitcoin (BTC) Futures Market Liquidation Presents These Tips for Long-Term Holders

Edward RichardsonBitcoin, Crypto News, Cryptocurrency, Price Analysis
Bitcoin's latest actions have met defeat after surpassing the $24K mark. The narrative emerged when the bellwether crypto hit $24.8K on August 11, following a nearly 10% surge from August 10. Bitcoin endured a similar fate on July 30 when investors hoped $250 was inevitable after Bitcoin touched $24.5K. While publishing this content, Bitcoin traded well above $24K, changing hands at $24.6K. Meanwhile, analysts believe the same tale might showcase in the coming sessions. That means investors could have to wait before their expectations emerge. Why? Analysis by CryptoQuant stated that it might be too early for investors to cheer.…
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Tezos (XTZ): What for Investors that Bought the June Bottom?
13 Aug

Tezos (XTZ): What for Investors that Bought the June Bottom?

Edward RichardsonCrypto News, Cryptocurrency, Decentralized Finance (DeFi), NFT (Non-Fungible Token), Price Analysis, Tezos (XTZ)
Tezos (XTZ) holders, specifically those who bought around the June market bottom, are up nearly 60%. Nevertheless, the altcoin just hit its initial massive resistance. That means a significant pullback could emerge this weekend. The altcoin has so far pushed to the $1.94 high this month. That represented a 62% surge from 2022's lowest mark. Its press time price of $1.88 appeared to highlight the massive selling momentum around that value area, catalyzing a brief retracement on the price charts. Meanwhile, the 23.6% FIB level fueled the mentioned selling momentum. What from XTZ Around the Mentioned Level? Prices often move…
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Polygon (MATIC): Closing Beyond This Mark Might Open Path to $1.18
13 Aug

Polygon (MATIC): Closing Beyond This Mark Might Open Path to $1.18

Edward RichardsonCrypto News, Cryptocurrency, Polygon (MATIC), Price Analysis
Polygon's latest bullish surge propelled a break past the Exponential Moving Average ribbons to confirm a massive buying comeback. While the EMAs eventually took a bullish turn, the $1 territory has plateaued a green candles' spree. Meanwhile, breaching the upward channel has suggested buying momentum cooling. A significant jump beneath the present pattern might expose Polygon to a short-term downside within the upcoming sessions. While publishing this post, MATIC traded at $0.9215. Polygon Daily Timeframe The latest ascending channel oscillation aided Polygon bulls to dominate the trends and flip the 20 Exponential Moving Average to support from resistance. Nevertheless, the…
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Chainlink (LINK): Investors Might Leverage This Setup’s Break for Profitability
13 Aug

Chainlink (LINK): Investors Might Leverage This Setup’s Break for Profitability

Edward RichardsonChainlink (LINK), Crypto News, Cryptocurrency, Decentralized Finance (DeFi), Price Analysis
After May's inverse head & shoulder, bears have restricted buying moves around the $9.29 mark for about three months. As the price traversed beneath the 4-month trend-line support (past resistance), sellers kept securing new multi-month lows up to mid-June. However, the previous month confirmed a stable buying comeback as Chainlink kept this trend-line support to retest $9.29. The present pattern might catalyze a near-term drop before buying comebacks. While publishing this blog, LINK changed hands near $9.055. Chainlink Daily Timeframe LINK buyers have remained committed to reclaiming crucial price zones since sweeping 2-year lows on June 13. The previous month…
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