Price Analysis
Altcoins have entered a slight correction after Bitcoin's relief rally lost steam and the price dropped below $35,000.
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Cardano News
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
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Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world.
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Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range.
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Bitcoin’s sharp correction may not have broken its uptrend, but several altcoins have signaled that a short-term top could be in place.
36949 - Price Analysis
Altcoins rallied strongly over the past week, but Bitcoin’s current consolidation could be a sign that the trend may reverse soon.
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Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit.
64906 - Altcoin Watch
In the past week, Cardano price surged by more than 100% and overtook Bitcoin Cash to become the sixth-largest cryptocurrency.
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Bitcoin's slow crawl toward $36,000 has given select altcoins the green light to rally higher.
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After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum.
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Altcoins could also see a strong buying interest and may run up vertically if Bitcoin rallies above $30,000.
70078 - Price Analysis
Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices.
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Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up.
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The SEC’s lawsuit against Ripple may be bearish for a few altcoins but could be bullish for Bitcoin.
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Even with today's correction, Bitcoin is still in an uptrend, but most major altcoins have lost momentum and may remain range-bound for the next few days.
31742 - Price Analysis
Large-cap altcoins are attempting to rally higher but first bulls need to flip $24,000 to support.
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