A Bitcoin Golden Cross Confirmed – What The Indicators Say About A Potential Bull Run
Bitcoin is up ~39.1% year-to-date. The bulls have been on parade buoyed by softer macroeconomic data and strong network fundamentals.
The Golden Cross for Litecoin is confirmed – Is LTC heading into a bullish period?
Litecoin has hit a Golden Cross — the holy grail of bullish technical analysis indicators. This has happened as the rest of the market struggles following the collapse of FTX. But even with a Golden Cross, can traders count on a Litecoin bullrun?
Zcash Price Analysis – BTC pair pushes all-time lows despite November block reward halving
On-chain statistics indicate a pickup in non-shielded active addresses over the past few weeks but a decline in shielded active address activity. Technicals for both ZEC/USD and ZEC/BTC show a bearish trend emerging for the pairs.
EOS Price Analysis – Bearish trend metrics
Technicals for both EOS/USD and EOS/BTC reveal bearish trend metrics, with spot prices below both the 200-day EMA and the daily Cloud.
Decred Price Analysis – Active addresses hit all-time highs as trend metrics flip bullish
Active and unique addresses are important to consider when determining the fundamental value of the network using Metcalfe's law. A sudden and continuous increase in active addresses paints a bullish picture as this typically indicates a sharp increase in on-chain use or interest.
0x Price Analysis – Record trading volume this quarter
Thus far, the final quarter of 2020 has seen a combined US$3 billion in trade volume.
Basic Attention Token Price Analysis – Brave Browser reports 22 million active users
Brave Browser reported 22.2 million active users over the past week. The Brave platform reportedly has over 950,000 registered publishers listed to collect funds from Brave users on YouTube, Twitch, Twitter, Reddit, Vimeo, Github, SoundCloud, and other websites.
Yearn Finance Price Analysis – New services released as DeFi yields cool
Yearn Finance has quickly expanded its services over the past 120 days, just as DeFi yields have begun to cool across the board. With many copycat protocols quickly being spun up in recent days, the project will likely maintain a first-mover advantage in the months to come.
0x Price Analysis – DEX trading volumes reach nearly US$1.4 billion in October
Relayer trades and trade volumes have increased substantially over the past few months, while on-chain data suggests very little continuous day-to-day token use.
Monero Price Analysis – On-chain metrics and technicals hold firmly bullish
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
Ethereum Price Analysis – Technical indicators are bullish
Technicals are bullish for the ETH/USD pair based on current trend metrics, as the spot price is currently above both the 200-day EMA and the daily Cloud.
Maker Price Analysis – Range bound
Throughout 2019 and 2020, MKR has made modest gains in USD, BTC, and ETH markets, but all pairs remain largely range-bound based on historic price action.
Zcash Price Analysis – Key indicators for on-chain economic activity now in overbought territory
On-chain statistics show a rise in transactions per day and active addresses over the past few weeks, while key technical indicators for on-chain economic activity now sit in overbought territory.
Ethereum Classic Price Analysis – A second 51% attack
Ethereum Classic has experienced two 51% attacks in the past two years, suggesting low overall network security. As the network hash rate continues to decline, future 51% attacks become a greater possibility as the cost for an attack also continues to decline.
Dogecoin Price Analysis – TikTok breakout fails to sustain
In July, DOGE was mentioned as a buying opportunity by several TikTok influencers, quickly propelling price over 100% over three days.
Stellar Price Analysis – Bullish momentum
Technicals for the XLM/USD pair continue to suggest bullish trend metrics. With the current spot price above both the 200-day exponential moving average and daily Ichimoku Cloud, bullish momentum should continue to propel the pair higher over the next few weeks.
