One of the major criticisms which digital assets face has to do with their speculative nature which makes it difficult to determine the true value of a coin. This is made more difficult by the variety and differences of technological setups in each cryptocurrency.
Crypto markets operators and the industry’s analysts have developed a range of metrics which are used to keep track of the value of altcoins. These metrics are used to determine how a crypto asset’s price will develop over time.
On-chain activity is one of the metrics which is used to assign a market value to a cryptocurrency. This metric looks at all the transaction activity around a cryptocurrency’s [...]
Wednesday, July 17— The number one cryptocurrency Bitcoin (BTC) is seeing slight gains on the day as major altcoins (ETH) and Ripple (XRP) rally.
Market visualization. Source: Coin360
Bitcoin has been trending down this week. Bitcoin retook $13,000 on July 9 before sinking all the way down to under $10,000 by July 16. At press time, BTC is trading just over $9,800 with a 2.64% gain on the day.
On July 4, analysts at SFOX conjectured that Bitcoin could rally in light of the American national holiday Independence Day, arguing that holidays in the midst of a bull market tend to spark FOMO. However, Bitcoin did not see any [...]
While watching the price of Bitcoin can be exciting, the days of huge percentage moves seem to be in the past. Instead, altcoins are what cryptocurrency traders look for when they want massive gains. “Alt-season” is the term used when practically every single altcoin sees major percentage moves. But what causes an altcoin rally?Bitcoin price
A key factor for an altcoin price rally is the price of Bitcoin. When Bitcoin is doing well, altcoins tend to follow that price movement. The same goes for when Bitcoin is falling – the [...]
Binance Coin (BNB) has emerged as one of the top gaining crypto assets in recent times. The coin that runs through the veins of cryptocurrency exchange giant Binance currently trades at roughly $15, according to CoinMarketCap crypto table.BNB’s Recent Price Action
The cryptocurrency market still seems under the bearish territory, especially since November 2018 when Bitcoin tumbled from mid $6,000 range to late $3,000 range. Currently, the premier cryptocurrency trades at $3,922.