chances

High Volatility for Cardano, 60% Price Move Coming

Altcoin News Two critical price points will determine Cardano’s price movement. To be optimistic, rising above the $1.30 resistance level can take ADA to $2.00. However, if the $1.00 support fails, investors may have to prepare for a 60% crash. In a twisted turn of events, Cardano’s dormant stance could be heavily challenged by it coming closer to the peak of a consolidation pattern. This means that the chances for a groundbreaking price move are high. By this, we just mean that Cardano’s fate, and by extension the fate of

The Bitcoin Family Cashes in on Branding & BTC’s Latest Rally

It’s been roughly four years since the Bitcoin family went all-in on the alpha cryptocurrency. But it’s not just the latest price surge that’s bringing home the bacon. Didi Taihuttu, his wife, and three children spoke with Dutch news from the Algarve in Portugal, the latest stop in his worldwide adventure. The Dutchman accumulated the bulk of his bitcoin in early 2017 around $900, a move that paid off handsomely in retrospect. Despite a two-year lull in prices, the family managed to live off of their profits and even accumulated

Bitcoin ‘Whale Clusters’ Show $14K as Pivotal for BTC Price Bull Run

David Puell, an on-chain analyst, laid out several key data points on Aug. 16 based on the past 4-year cycle of Bitcoin (BTC). Data show that the $14,000 level is a crucial price point for Bitcoin due to whale clusters.According to Puell, whale clusters show many large buyers bought in the $9,000 to $12,000 range. Whales that bought at $9,000 are seeing relatively high profits, and those that bought the top are at a breakeven point.The clusters could result in a volatile price action where buyers and sellers aggressively try

Five Hours to Failure: The ‘Save Yam’ Proposal Is Falling Short

The future of the Yam Finance yield farming protocol hangs in the balance as it awaits token deposits for a governance vote that could save the project.With less than five hours to go, Yam is only a third of the way towards the 160,000 tokens required.A code bug discovered earlier today in one of Yam Finance’s smart contracts sent the hottest thing in DeFi into a tailspin as it scrambles to find a fix through its decentralized governance system.The project posted an update outlining the issues and making a plea to

Bitcoin is Pushing Against a Crucial Level as Chances of an Explosive Rally Grow

Bitcoin and the entire crypto market saw a strong afternoon yesterday. This allowed BTC to push up towards $11,800 The cryptocurrency is now caught within what will likely be a short-term consolidation phase at just under $12,000 Whether or not it can surmount this crucial resistance today will help offer insights into its short-term outlook One analyst explained in a recent tweet that yesterday’s daily close does seem to indicate that a break above this level is imminent The recent uptrend has also allowed Bitcoin to break out of a