Why Ethereum Close above $1,600 Could Stage A Strong Rally

Ethereum started a steady increase above $1,450 and $1,500 against the US Dollar. ETH price is showing positive signs, but it must settle above $1,600 for upside continuation. Ethereum started a decent recovery above the $1,450 resistance zone. The price is now trading well above $1,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now facing a strong resistance near the $1,600 pivot level.…

Matic, xDAI (STAKE) and Loopring (LRC) rally as Ethereum gas fees rise

The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb. 28 to a high of $49,200 during today’s early trading hours.  As traders get excited about positive moves in the market and look to re-enter positions, the increasing use of DeFi continues to drive fees on the Ethereum (ETH) network higher, shining the spotlight on the top layer-2 (L2) protocols that offer working solutions. Three protocols that have emerged as top L2 contenders…

3 reasons why Fantom (FTM) price continues to rally to new all-time highs

Interoperability has emerged as the hot topic in February as platforms like Binance Smart Chain and Polkadot work on building Ethereum network bridges that allow users to escape high transaction costs and network congestion. Fantom (FTM) is the latest project to receive a boost by offering cross-chain functionality with Ethereum, and data from Cointelegraph Markets and TradingView shows a 1,570% increase in FTM price from $0.025 on Jan. 23 to a new high of $0.43 on Feb. 21. FTM/USDT 4-hour chart. Source: TradingView Three fundamental reasons for Fantom’s current rally…

DEX goals diverge as SushiSwap (SUSHI) and Uniswap (UNI) rally to new highs

Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher. Despite a controversial start for SushiSwap, the last few months have seen it catching up to Uniswap in terms of activity on the platform, total value locked, and the price of its SUSHI governance token. A recent report from Delphi Digital took a closer look at the two projects and broke down the fundamental differences in the way that each has diverged in their development since SushiSwap’s vampire…

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar. BTC remains supported and it is likely eyeing a test of $60,000. Bitcoin climbed above the $50,000 resistance and traded to a new all-time high near USD 57,500. The price is trading nicely above the $55,000 level and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $54,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…

Binance Coin becomes the third-largest crypto following parabolic rally

Binance Coin (BNB), a cryptocurrency issued by the world’s largest crypto exchange Binance, has hit a major historical milestone, becoming the third-largest coin by market capitalization for the first time in history. At the time of writing, BNB’s market cap stands at $38 billion, outstripping the biggest stablecoin Tether (USDT) by about $5 billion, according to data from crypto tracking source CoinGecko. Binance Coin is trading at $257, up 47% over the past 24 hours and skyrocketing 107% over the past seven days at publishing time. Source: CoinGecko Alongside propelled…

Riot Blockchain stock plunges 20% following parabolic rally

Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity.  RIOT fell 20.4% to close at $62.03 on Thursday but was moving slightly higher in after-hours trading. At current values, RIOT has a total market capitalization of $4.2 billion, making it one of the largest companies in the blockchain industry. The sharp pullback follows a more than doubling in price between Feb. 10 and Feb. 17. The…

Polkadot’s roadmap for full launch fuels rally to all-time highs

The Polkadot (DOT) project released a detailed roadmap on Monday for the highly-anticipated rollout of parachains and slot auctions, which should mark the full launch of the protocol. The roadmap is divided into three main stages. The current phase is the Rococo testnet environment, where developers can test mechanisms to communicate between various Polkadot parachains, its analog of shards. The platform uses a mechanism called Cross-Chain Message Passing-lite, or XCMP-lite, to allow parachains to send tokens and generalized messages to each other by going through Polkadot’s relay chain, the central coordinator…