analyst

Christine Rankin and Viktor Fritzén Join CoinShares as Non-Executive Directors

Europe’s largest digital asset management firm, CoinShares announced the appointment of Christine Rankin, a former partner at PWC, and Viktor Fritzén, former corporate finance analyst at Goldman Sachs, as independent non-executive directors of the company today.The newly appointed independent non-executive directors have extensive experience in the global financial sector. CoinShares aims to expand its operations and services in the future.In her career, Rankin held key positions at some of the leading organizations in the world. Currently, she holds the position of Senior Vice President, Corporate Control of Veoneer, a worldwide

Shiba Inu Leads the Pack — Top Altcoin Gainers of October 2021

October was a very bullish month for cryptocurrencies. Bitcoin (BTC) increased by 32% and reached a new all-time high price on Oct 20 and six altcoins increased by triple digits, led by Shiba Inu (SHIB).Sponsored Sponsored The ten altcoins that increased the most during the month of October were: Shiba Inu (SHIB): 1005%Secret (SCRT): 350%Frax Share Price (FRX): 224%Fantom (FTM): 190%Curve DAO Token (CRV): 120%Harmony (ONE): 100%1Inch (1INCH): 97%Near Protocol (NEAR): 79%Thorchain (RUNE): 75%Axie Infinity (AXS): 67% SHIB SHIB has been moving upwards since the beginning of October. It has

Bitcoin (BTC) Regains Footing, Makes Run Toward New Highs

Bitcoin (BTC) has broken out from a short-term bearish pattern and validated it as support after, suggesting that the ongoing correction is complete.Sponsored Sponsored BTC has been decreasing since Oct 20, when it reached an all-time high price of $67,000. Since then, it has reached a local low of $57,820 on Oct 28.  BTC bounced at the 0.382 Fib retracement support level and has been moving upwards since reaching the lows.Sponsored Sponsored Despite the ongoing increase, technical indicators are not yet bullish. Both the RSI and MACD are decreasing, which

Bitcoin Records Highest Monthly Close Ever, What’s Next for BTC?

Bitcoin closed the month of October at $61,343, which is its highest monthly close ever recorded. As Bitcoin Archive notes on Twitter, all-time high monthly closes are quite often a sign of more strength to come.  Bitcoin’s closing price was roughly 3% away from analyst PlanB’s floor price prediction of $63,000, though that level was already hit earlier in the month. PlanB is now shooting for $98,000 in November, or about a 58% gain over the next 30 days.  Some analysts are looking to previous bull markets to forecast what’s

Bitcoin Below $60K for the First Time in 10 Days – Should You Buy the Dip?

Bitcoin is below $60,000 for the first time in over 10 days after what many crypto investors saw as an anticlimactic break of all-time highs. After spending 6 months below its previous all-time high just short of $65,000, Bitcoin made it all the way back and managed to break $66,000 before losing steam. At the time of writing, BTC is trading just above $59,000.  Aside from a few select altcoins, almost the entire crypto market followed Bitcoin’s lead today by making a downward move. As is often the case, excess

Chainlink has high upside potential, but are there true entry points

With Bitcoin leading the market gains showing close to 16.90% weekly price rise, the rest of the market has stayed rather calm. While on the back of Bitcoin gains, the market seems to be witnessing a steady upward movement, most alts have failed to surprise the market. Chainlink, the 15th ranked alt by market cap, has also had a rather stagnant price action.  Nonetheless, while the alt’s long-term prospects looked appealing the market confidence around the alt seemed to be lacking, so where could LINK go from here? Classic case

Bitcoin (BTC) Reclaims $43,000 After Short-Term Pump

Bitcoin (BTC) increased slightly on Sept 29 but failed to sustain its upward movement. However, it moved above $43,000 on Sept 30 before dropping back slightly.Sponsored Sponsored BTC has broken out from a short-term descending resistance line and is in the process of moving towards the next closest resistance area. BTC attempts to reclaim resistance BTC is currently attempting to move above the $44,000 area, which previously acted as support but has now turned to resistance. Sponsored Sponsored Technical indicators in the daily time frame are showing some bullish signs, such

Five Biggest Altcoin Gainer Showcase — Sept 19-26

BeInCrypto breaks down the five biggest altcoin movers and shakers from the previous week. Will their momentum continue this week?Sponsored Sponsored The five altcoins that increased the most last week were:  Celer Network (CELR) : 96.76%COTI (COTI) : 47.74%XDC Network (XDC) : 40.08%Ren (REN) : 38.10%Terra (LUNA) : 21.34% CELR CELR has been increasing since breaking out from the $0.093 resistance area on Sept 15. While it deviated below the area (red circle) on Sept 21, it resumed its upward movement at an accelerated rate afterward. Sponsored Sponsored This led to an

Bitcoin (BTC) Whales Care A Little About China’s Crypto Ban, Accumulation Increases

Last Friday, September 24, China intensified its crackdown on crypto making all crypto-related transactions illegal in the country. The investors’ reaction was obvious as the crypto market plunged immediately following the news. advertisement But it seems like Bitcoin whales care a little about the recent China ban. As of press time, Bitcoin (BTC) is trading 4.5% up at a price of $44.030 and a market cap of $827 billion. It means strong whale purchases have recovered almost 80% of the last market dip. Citing data from Santiment, crypto analyst Lark

With a ‘ready to go’ ecosystem, does Polkadot have a shot at the $250-$350 range

Polkadot, the 8th largest token has been surging for a while now. Steady development and strong fundamentals significantly contributed to a rally toward a new all-time high ($49.80). Consider this plot- DOT is up 356% YTD. Source: CoinMarketCap Meanwhile, the flagship token witnessed a 256% recovery over the last 56 days, as per Trading View. Although the token, at press time is trading just shy of the $37 mark (down by almost 23% from its ATH)- different analysts remain bullish. For instance, crypto analyst Lark Davis took to Twitter to shed

Supply dynamics suggest Bitcoin can make a run for $100k if… 

Bitcoin’s upward trajectory, after getting interrupted by an 18% dip last week, was met with a lot of consolidation. However, as Bitcoin holders looked reluctant to sell-off at a crucial time amid anticipation of a price rise, on-chain metrics offered an interesting insight into the current market sentiment.  Some interesting divergences in BTC’s supply dynamics posed a complex question – Are they projecting bullish or bearish divergences? Ergo, to gauge bullish/bearish signals, it is imperative to weigh the same against market sentiments to understand the crypto’s price trajectory.  Post-halving blast