Author: Nancy Lubale

Ethereum (ETH) price has climbed to a 22-month high of $3,496 on Wednesday, Feb. 28. Bitcoin’s rally to $64,000 and the upcoming Dencun upgrade activation on mainnet have the main catalysts behind Ether’s price gains. Ethereum has enjoyed a close correlation with Bitcoin, at 0.92, according to data from TradingView.                                        ETH price vs. BTC price correlation. Source: TradingView The other catalyst is altcoin’s upcoming Dencun upgrade. This is a key upgrade for Ethereum after the altcoin’s Merge – the transition from…

KASPA and Render have risen by 12% and 7% in the last 24 hours – Where next? Select altcoins that have broken above their respective overhead resistance levels in the past few days are likely to witness a continuation of the rally. Render (RNDR) and Kaspa (KAS) are among the top gainers increasing by 12.36% and 7.30% over the last 24 hours respectively. They came in positions 5 and 6 as shown in the photo below. The highest gainers among the top 100 cryptocurrencies by market capitalization are the Graph (GRT), Hedera (HBAR), Beam (BEAM) and Stacks (STX) which have…

A general bearish trend has weighed down the Ripple price after a landmark win by the blockchain company against the US Securities and Exchange Commission last month. This downturn has seen XRP undo all the gains in the rally witnessed after the ruling. According to data from TradingView and Coingecko, the fifth largest cryptocurrency by market capitalization is trading 44% below the July 13c high at $0.9327, nearly losing all the gains after the court’s decision that granted Ripple Labs a partial win. At the time of writing, XRP is trading at XRP price is trading with a bearish bias…

Bitcoin (BTC) price is holding above the $29,000 level as it prepares for a significant move upward. The technical setup reveals the appearance of a bullish chart formation on the daily timeframe as Adam Back joins a growing list of market analysts who are bullish on the price of the big crypto ahead of next year’s halving event. The Blockstream CEO, one of the early pioneers in the crypto industry, is confident Bitcoin will hit new all-time highs getting to over $100,000 before halving in 2024. Back is willing to drop a million wagering on it. Back said this in…

Litecoin price experienced a significant drop to its August low of $81.64 following the block reward halving event, which was contrary to the reaction the crypto community expected as has been with Bitcoin halvings. Although Litecoin and Bitcoin halvings are often regarded as comparable events, LTC’s price plummeted by nearly 13% in response to the mining reward halving. In contrast to Bitcoin’s typical response to BTC halvings, two consecutive Litecoin halvings have exhibited a pattern of ‘buy the rumor, sell the news’ events. This has been a similar case in the recent halving which reduced the block mining rewards to…

Bitcoin’s anticipated bullish surge above $30,000 is currently on hold, as the crypto market faces a shortage of sufficient liquidity to drive a rally. As a result, consolidation is prevailing in the range of $29,000 to $30,000. At the time of writing, Bitcoin price is hovering around $29,007 after briefly trading within the $28,000 zone. The big crypto is down 1.73% over the last 24 hours, reinforcing the bearish sentiment that has underpinned the price since mid-July. Does this mean BTC’s recovery is over? Bitcoin Price Trades Below Key Support Levels After turning away from the $31.875 high hit on…

On July 13, 2023, Judge Analisa Torres of the Southern District Court of New York issued the much-anticipated summary judgment order in the Securities and Exchange Commission’s (SEC) case against Ripple Labs and two senior leaders, Bradley Garlinghouse and Christian Larsen. The ruling was a partial win for Ripple Labs when she declared that XRP was not a security when sold to the public on the crypto exchange. Regrettably, the ruling did not offer clear regulatory guidance on the specific criteria that determine whether a digital asset is considered a security. Judge Torres primarily addressed the third prong of the…

The Litecoin halving event is edging in as investors count 8 days to the August 4 schedule. Halving is a process by which the amount of block rewards paid to miners is reduced by half. In the case of Litecoins, the upcoming halving event will reduce the mining rewards by 50%, decreasing it from 12.5 to 6.25 LTC per block. LTC price experienced a decline in July, dropping from its peak of $114, setting a swing low at $87. Despite this downturn, analysts remain optimistic about Litecoin’s prospects in the long term. This optimistic outlook is primarily based on the…

Dogecoin price has experienced a 10% surge within the last 24 hours, reaching $0.07553, following Twitter’s rebranding to ‘X’. The ‘DOGE Army’ perceives this change as a potential indication that Elon Musk is moving forward with his vision for Twitter, leading some to believe that he may introduce cryptocurrency, including Dogecoin, as a payment option on the platform. As a result of these expectations, DOGE has seen a rapid 10% increase in the 24 hours, along with an 11% rise over the week and a notable 16% jump over the last 30 days. The meme coin rose as much as…

XRP price rose back above the $0.80 psychological level on Wednesday to brush shoulders with $0.85. This was accompanied by a surge in trading volume which now comprises 21% of the total crypto market volume. At the time of writing, the XRP Ledger native token is changing hands at $0.83, up 4.5% over the last 24 hours. The remittance token has rallied 77% over the last seven days and has doubled over the last 6 months. According to data from Kaiko, XRP’s trading volume experienced a significant surge following a federal judge’s ruling in New York, stating that the XRP…