Top Copy Trader and Crypto Pundit on Their Market Predictions

There’s a palpable buzz in crypto markets right now. Copy trading is gaining momentum, as it allows investors to emulate the moves of experienced traders. We spoke to Jay Smith, a popular trader on the eToro platform who is otherwise known as Jaynemesis, as well as to Kevin Stanely, the host of the podcast CRYPTO 101. Here, they tell us more about how this feature works, share their predictions for Bitcoin and reveal which altcoins they believe are being badly overlooked right now. 1. Why would an established trader want someone…

Cardano Price Hits 2020 Top Following Network Upgrade – Will the Rally Sustain?

ADA, the native token of Cardano, established a new 2020 top on Wednesday. The eighth-largest cryptocurrency surged to $0.097 for the first time in 13 months. The latest gains came as a part of a broader uptrend that began in March 2020 but received an additional boost from Cardano’s network upgrade news. Cardano is going to the moon before its top crypto competitor Bitcoin. The blockchain platform’s native asset ADA reached its year-to-date high on Wednesday. As of 2300 UTC, the ADA/USD exchange rate topped at $0.097, its highest since…

Bitcoin Has Only Had One Other Rounded Top, And a Major Correction Followed

If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed. Should the first-ever cryptocurrency fail to pump soon and prove this trading range isn’t a top, then another collapse could be next. When Will The Confusing, Sideways Trading Range End and Crypto Break Out? The current Bitcoin…

Compound’s COMP Token Takes DeFi by Storm, Now Has to Hold Top Spot

When Compound launched its governance token, COMP, on June 16, few in the crypto space could have predicted how rapidly it would rise to the top. As Cointelegraph reported at the time, it only took a single day of trading for COMP to become the leader of the decentralized finance rankings. It was a historic moment for any fans of DeFi, marking the first time that Maker (MKR) had been toppled from its throne since the DeFi movement began.  News of a Coinbase Pro listing only pushed the price to…

Bubbling Over the Top? DeFi Sector Heats Up in June, Raising Concerns

Decentralized finance is all about cutting out traditional financial intermediaries such as banks. Through the use of blockchain technology, DeFi platforms allow individuals to generate money against their own assets, becoming their own bank, as it were. As an exciting new business paradigm, the DeFi sector has been warming up for some time. But during this past week, it got downright hot, and the current euphoria has some worried that a financial bubble may be forming reminiscent of the initial coin offering bubble of late 2017. Here are three events…

Top Cryptocurrencies Face Trouble as PlusToken Dumps on the Market

Key Takeaways Investors fear about what the future may hold following a $460 million transaction made by addresses connected to PlusToken. Historical data suggests that every time the individuals behind this scam off-load their stolen tokens, the market tends to crash. If history repeats itself, Bitcoin could plummet to $7,700, Ethereum to $200, XRP to $0.16, and EOS to $2. Share this article Roughly $460 million in Bitcoin, Ethereum, XRP, and EOS have been transferred to different addresses over the past week by the multi-billion dollar PlusToken Ponzi.  PlusToken Ponzi…

Top Fund’s Halving Analysis: Bitcoin Could Rise to $115,000 by Aug. 2021

Bitcoin is far from a full-blown bull market. Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations. Yet a top cryptocurrency fund is still holding a bull bias. The company’s executives wrote in the report that they have a model suggesting Bitcoin could hit $100,000+ in 2021. Related Reading: DeFi Effect: Scaling Debate Begins as Ethereum Fees Reach Two-Year Highs Bitcoin Could Rally Over $100,000 In…

Japan’s Top Idol Just Became the New Face of BitFlyer Crypto Exchange

Japan’s most famous idol just became the face of bitFlyer, one of the largest cryptocurrency exchanges in the country. Asuka Saito is one of the most popular members of Nogizaka 46, a leading idol group in Japan consisting of 46 girls. Debuted in 2011, it started as a sister group of AKB 48, the then-most popular idol unit. They have attracted many fans since then, and in 2017 and 2018 they won the Japan Record Award, the most prestigious award for musicians in the country. Idols are a type of…

Balancer Cements Top DEX Spot with New Governance Token

Key Takeaways Balancer launched its governance token today, which will allow users to vote on the development of the platform Participating users can earn the token by providing liquidity and facilitating token swaps Balancer is currently the 7th largest DeFi platform, and the #1 DEX, in terms of locked value The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article Balancer, a decentralized exchange and portfolio manager, has launched a governance token for its platform. The feature comes just months after the project’s…

Half of Crypto’s Top 10 Assets ‘Absolutely Do Not Deserve’ to Be There

Simon Dedic has beef with crypto rankings. The co-founder of crypto research house Blockfyre specifically suggests that five of the top ten cryptocurrencies by market cap don’t deserve their high-profile spot. In an inflammatory June 21 tweet, Dedic called out XRP, Bitcoin Cash, Bitcoin Satoshi’s Vision, Litecoin and EOS and said he “can’t wait” until other assets replace them. Rather than simply kicking the hornet’s nest on Twitter and running away, Dedic instead stuck around to answer comments. Cointelegraph asked him to expand on his reasoning. “A better Bitcoin” Although …