Tag: Market Update

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CEEK VR gains 100%+ as push toward virtual reality and Metaverse development intensifies

CEEK VR caught investors’ attention after hosting a booth at the Grammy’s, seeing its token listed on major exchanges, and launching new developments in the nascent Metaverse. Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the hottest trending topics in the cryptocurrency ecosystem and each is helping the world slowly move…
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xASTRO staking and upcoming ‘Terra wars’ send Astroport price to new highs

ASTRO price rallied to a new all-time high after the launch of xASTRO staking and traders’ expectation that the Terra ecosystem will soon wage its own version of the “Curve wars.” Projects that launch on up-and-coming blockchain networks can often benefit from a low competition environment that allows them to attract  new users and liquidity…
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Ethereum traders eye the 61.8% Fib level if ETH fails to hold the $3.2K support

ETH sold-off alongside the rest of the crypto market, leading analysts to warn of a drop to $2,900 if the current support at $3,200 fails. The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond…
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Ecosystem expansion and $45M funding round boost Boba Network (BOBA) price by 30%

BOBA price booked a double-digit gain after a $45 million funding round and developer incentive program lured investors back to the network. The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that…
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Bitcoin recovers the $46K level, but several factors could prevent a stronger breakout

Traders say BTC is following the expected trajectory, but several macroeconomic factors and geopolitical tensions remain a threat to Bitcoin hitting a new all-time high. After dropping below $45,000 on March 31, Bitcoin (BTC) surprised investors with a quicker-than-expected recovery to the $46,500 level. Data from Cointelegraph Markets Pro and TradingView shows that bears managed to…
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Analysts debate Bitcoin’s next step after today’s $45.5K retest

BTC finally hit the projected $45,000 support zone, but analysts have mixed views on whether continuation or consolidation will be the next step. The euphoric calls for a return of the bull market may have been a bit early especially after Bitcoin (BTC) bulls failed to push the price over the $46,000 level on March…
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IOST, SKALE Network and CELR gain 30% as traders call for an altseason

CELR, IOST and SKALE secured double-digit gains, thanks to a handful of protocol upgrades and announcements related to cross-chain ability. Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to…
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Aave v3 launch triggers 50% rally from long-term descending channel pattern

AAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space. The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not…
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A retest is expected, but most analysts expect Bitcoin price to extend much higher

Analysts expect Bitcoin price to retest the $45,000 zone as support, after which traders anticipate a stronger move toward a resistance cluster at $54,000. The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH)…
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Analysts say Bitcoin daily close above $48K opens a clear path to a new all-time high

Analysts say Bitcoin’s surge above $48,000 is the clear macro trend change that traders have been waiting for, but are new all-time highs on the way? Cryptocurrency investors are in high spirits on March 28 as the week-long melt-up across the market extended another day with Bitcoin (BTC) rallying to $48,000 and Ether trading above…
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