Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent … Read more
According to a recent CNBC analysis, eight of the highest-ranked politicians in the US or their immediate family have traded crypto over the past year–with bets spanning from $1,000 to $100,000. Altogether seven Republicans disclosed buying or selling crypto, including Senator Pat Toomey of Pennsylvania. Meanwhile, only one Democrat reported a trade–Representative Marie Newman of … Read more
As the broader sentiment deteriorated in the last 24 hours, Chainlink fell toward the $15.6-mark. Moreover, the king coin’s movement would be critical to ETH’s trajectory. Should the bulls dwindle, a test of $2,340 would not be of a surprise. On the other hand, MANA saw a bullish divergence with its 4-hour RSI. Ether (ETH) … Read more
While the broader market struggled to ramp up a convincing rally to alter the bearish trend, Solana continued to show range-bound oscillation tendencies. Ethereum, however, crossed the $3,766-mark but still could not gather enough volumes. On the Other hand, Chainlink’s near-term SMA crossed its 50-200 SMA, indicating a strong bullish vigor. Ethereum (ETH) TradingView, ETH/USD … Read more
The last week marked a reasonable recovery while Ethereum and Chainlink poked their two-week highs on 24 December. Ethereum seemed to hold the $4,000 mark and now strove to test its immediate resistance. SAND touched its three-week high on 26 December after forming a rising wedge (reversal) pattern. Ethereum (ETH) TradingView, ETH/USD Over the past … Read more
While the market refrained from high volatility over the last day, Ethereum and Chainlink technicals hinted at a slight bullish bias. Ethereum managed to breach the 61.8% hurdle while Chainlink struggled to cross the golden Fibonacci level after forming a reversal pattern. On the other hand, VeChain continued its bearish movement. Ethereum (ETH) Source: TradingView, … Read more
The broader crypto-market remained soaked in red, until yesterday. However, things managed to flip around a few hours back after Ethereum waved its magic wand. At the time of writing, the market looked quite lively, with 96 out of the top 100 cryptos trading in the green. The ‘alt season’ is back The altcoin season … Read more
While the broader market refrained from being highly volatile, OMG lost over one-third of its value. Though its near-term technicals visibly preferred the sellers, it hinted at a possible revival. Altcoins like Ethereum and Chainlink registered a daily loss while flashing mixed near-term signs. Ethereum (ETH) Source: TradingView, ETH/USDT Ether escalated in an ascent between … Read more
After positive performance by a majority of altcoins over the past week, Ethereum touched its ATH. Moreover, coins like Chainlink and Chiliz also projected bullish tendencies over the week. Over the past day, however, the near-term technicals for the aforementioned alts insinuate decreasing bullish momentum. Ethereum (ETH) Source: TradingView, ETH/USDT The largest altcoin oscillated in … Read more
For the first time in three months, Bitcoin’s valuation crossed the $50k threshold on Sunday. Past precedents, to a fair extent, suggest the correlation of price movements and Bitcoin’s influence on other coins. For instance, almost all the coins hit their highs in the April-May period, and then stepped into the correction phase in conjunction. … Read more
