With the market trading in red today pretty much all coins including Bitcoin and Ethereum are falling. However, there are some coins that made excellent gains in the last 2 months which are now facing huge price falls as well. Which alts though? Solana, Polkadot, and Algorand were three altcoins that successfully rallied between July …
Solana, Polkadot, Algorand: What is the Bitcoin effect on these altcoins Read More »
September 10, 2021, 3:03AM EDT • 16 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding As the cryptocurrency market continues to recover from its lows earlier this year, DeFi …
Another day, another attack from the market’s bears. The prices of most cryptocurrencies dropped after Bitcoin rejected the resistance at $35,000. The price dropped by over 6% and went as low as $32,799. Needless to say, the altcoins were quick to follow suit. Bitcoin Cash [BCH], for instance, along with Polkadot [DOT] and Ethereum Classic …
Bitcoin Cash, Polkadot, Ethereum Classic: 08 July Read More »
Many of the market’s cryptocurrencies were unable to hold on to the price gains seen over the last few days. For Ethereum, for instance, it has been a particularly mixed week of trading, with ETH finally moving past the $2300 resistance level, before dipping below it once again. At press time, however, the coin had …
Ethereum, Polkadot, Chainlink Price Analysis: 06 July Read More »
Despite an optimistic market, Bitcoin fell by 8.4% over the last 24 hours. The effects of this fall were observed on the market’s altcoins as well, with the likes of Dogecoin, Polkadot, and Uniswap noting some corrections. Uniswap made some headlines earlier today by becoming the first exchange to be supported by CoinMarketCap’s newly launched …
Volatility across alts such as MATIC, Polkadot and Ethereum Classic remained low as Bitcoin traded below $38,000. However, these alts held on to key support marks and prepared for their next leg upward. MATIC Source: MATIC/USD, TradingView MATIC largely traded at the helm of $1.95 resistance over the past few sessions. ADX’s downtrend suggested that …
MATIC, Polkadot, Ethereum Classic Price Analysis: 31 May Read More »
After Bitcoin’s recovery over the weekend, the altcoin market has also been showing strong progress. In the long-term, most altcoins were, however, seeing a sideways movement. Polkadot was among the alts that saw a long period of growth, but it ended up in a tight price range. At the time of writing, Polkadot, with a …
Bitcoin’s fall from over $57,000 to under $54,000 on the 22nd of March had a corresponding effect on the altcoin market, a market that shares a strong correlation with the performance of the world’s largest cryptocurrency. The price actions of alts such as Polkadot, Dash, and Dogecoin provided evidence of the same, with the larger …
Polkadot, Dash, Dogecoin Price Analysis: 24 March Read More »
Polkadot’s growth has been massive in 2021. With a single-digit start to the year, the asset’s value has hit $39.38 and has been rising. At the time of press, Polkadot was heading towards a bullish journey with a market capitalization of $35.93 billion. Polkadot four-hour chart Source: DOTUSD on TradingView The above chart of Polkadot …
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Polkadot‘s market has grown significantly over the past few months, both in terms of value and fundamentals. In fact, DOT’s growth can be evidenced by the fact that Open Interest in Polkadot’s Futures …