Now that Bitcoin traders are pleased to see their favorite token holding a support level above $50K, the cryptocurrency market has entered an interesting stage of positive sentiment. Market analysts believe that we are in good position to see more adventurous traders setting their sights on altcoins. Based on this…
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Tracking Momentum in Cryptocurrency Markets with Channel Analysis
In the world of technical analysis, trading volume is a classic momentum indicator. Volatility in the cryptocurrency markets causes investors to keep a close eye on momentum, and this is many active traders use channel analysis to avoid getting caught on a long position when sentiment works against them. Channel…
How Secure Is a Smart Contract When Using Crypto Payments?
Until recently, cryptocurrency traders who focus on altcoins more than on major tokens such as Bitcoin and Ethereum were pretty excited with the arrival of non-fungible tokens such as Axie Infinity, which gave them opportunities to profit from speculation. Over the last few weeks, however, there has been a noticeable…
Using Technical Analysis To Pinpoint Your Cryptocurrency Trades
The volatile nature of the cryptocurrency markets prompts active traders to rely on technical analysis to guide their decisions with regard to taking the right positions. Even though many exchange platforms offer various features such as short positions, rolling stops, puts, calls, and hedges, the traditional buying on the dip…
American Cities Vying For Blockchain and Cryptocurrency Dominance
As Miami seems destined to become a new hub for blockchain and cryptocurrency development, other major cities across the United States are vying for the title of being the most accommodating in terms of digital currency circulation. Curtis Sliwa, the former leader of the controversial Guardian Angels, is currently running…
The revolutionary impact of the Polkadot Network on cryptocurrency efficiency
The reality of the current status of the Ethereum network is that it is being weighed down by its own success. Most of the cryptocurrency tokens currently in circulation these days are ERC20 compliant, which means that they run on blockchain layers powered by the Ethereum network. A number of…