Category: Market Analysis

New milestone reached as 100 cryptocurrencies reach a $1B market cap

April 5, 2021

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In the last two months, the number of cryptocurrencies with a $1 billion market cap has doubled since the last time Cointelegraph reported on the milestone. As things currently stand, there are 100 projects that have reached a $1 billion market capitalization. Unicorns are typically privately held startup companies valued at more than $1 billion, […]

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Blockchain-based renewable energy marketplaces gain traction in 2021

April 3, 2021

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Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class.  While environmental concerns and the cost […]

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Bubble or a drop in the ocean? Putting Bitcoin’s $1 trillion milestone into perspective

April 3, 2021

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On Feb. 19, Bitcoin’s (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors, it also concerned investors that the asset is in a bubble. Although a handful of listed companies ever achieved this feat, unlike gold, silver, and Bitcoin, stocks potentially generate earnings, which in turn […]

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Bitcoin network’s computing power: Is it an accurate predictor of BTC price?

March 21, 2021

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Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. As reported by Cointelegraph, more power suggests greater network security and interest in the profitability potential of mining Bitcoin. Hash rate a function of Bitcoin’s value A hash rate increase is often associated with the expectation of BTC […]

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Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’

March 13, 2021

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Bitcoin (BTC) bulls finally mustered enough strength to push the top-ranked cryptocurrency through the $60,000 level and citing key on-chain metrics, analysts believe the bull run has a ways to go before reaching any considerable resistance. Since pushing back above $50,000 on March 9, every dip in Bitcoin price has been quickly purchased by institutional […]

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What Ethereum killer? On-chain data shows competitor networks are still behind

March 6, 2021

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Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which is causing median fees to surpass $10, the network effect of its large user and developer base seems to be enough to […]

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No, Goldman Sachs isn’t a bearish indicator for Bitcoin

March 2, 2021

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Peter Brandt, a popular veteran trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on Goldman Sachs potentially restarting its cryptocurrency desk. Us old-timers have learned that whenever @GoldmanSachs enters a market niche it is time to guard your money. $BTC pic.twitter.com/tHfRkS4igb — Peter Brandt (@PeterLBrandt) March 1, 2021 On Dec. […]

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Dogecoin hasn’t always been a ‘fun meme coin’

February 28, 2021

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Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE’s early days. […]

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This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

February 27, 2021

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Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in a way that is not […]

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Grayscale’s Bitcoin premium has dropped to record lows below zero

February 27, 2021

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Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. 19195 Total views 35 Total shares Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds […]

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