Cardano, a decentralized third-generation blockchain platform, hosts the ADA crypto. It stands out as the pioneering platform to emerge from a scientific approach, prioritizing research. Built meticulously and validated by top engineers and academic authorities in blockchain and cryptography, Cardano emphasizes sustainability, scalability, and transparency. As a fully open-source initiative, its mission is to provide an equitable and robust infrastructure for global financial and social applications. A key objective is to extend dependable financial services to underserved populations. This ar ..read more

Ethereum (ETH) has shown promising signs of a potential rally, despite Ethereum Exchange-Traded Products (ETPs) witnessing outflows. The recent uptick in price can be attributed to several factors, including the aftermath of the fourth Bitcoin halving and reports of a significant ETH purchase from a wallet linked to Justin Sun. In the last 24 hours, Ethereum’s price has climbed by 1.39%, reaching $3,214.11. This uptrend aligns with a favourable trajectory for the week, with a 2.16% increase, although it reflects an 8.40% decline over the month. These fluctuations indicate potential volatility ..read more

When Bitcoin began attracting attention, it earned various names. “Digital gold” became one of its most popular titles. However, is it fair to compare this innovative crypto to precious metals beloved by cautious investors? To decide, consider both assets’ unique traits. Beyond being safe havens, precious metals like gold excel at hedging against inflation and preserving wealth. With currencies like the US dollar experiencing inflation and losing value, protecting one’s fortune from inflation is crucial. Though precious metals have kept wealth secure historically, some views are emerging with ..read more

Introduction: The Federal Reserve, commonly referred to as the Fed, serves as the linchpin of the United States financial system. Among its crucial roles is the management of the nation’s interest rates, wielding influence over the cost of borrowing. Lowering interest rates makes borrowing more affordable, fostering economic fluidity by encouraging consumer spending and investment. Conversely, hiking interest rates dissuade borrowing, curtails the circulation of money within the economy, and aims to temper inflationary pressures. The oscillations of asset prices, spanning stocks, bonds, and ev ..read more

Over recent years, crypto has emerged as a highly sought-after digital asset. Despite their increasing popularity, cryptos retain their characteristic volatility, rendering them ideal for trading purposes. Chart patterns serve as valuable tools for refining your crypto trading strategies. This guide aims to enhance your comprehension of prominent chart patterns relevant to crypto trading.  Understanding Chart Patterns Charts give traders information on what buyers and sellers are doing. They show how many want to buy and how many want to sell in a picture. These pictures help e­xperts kno ..read more

Trading crypto during the day involves rapidly starting and ending positions before the day’s end. Day traders hope to gain from market ups and downs by analyzing price moves, buying low, then selling high, or selling high to cover lower costs. The aim is to earn income from price shifts throughout the trading day. What are Intraday Indicators? Traders use top indicators for intraday trading strategies. These tools help analyze trends, find entry and exit points, and manage risks. Many factors determine the best indicators for day trading. Moving averages spot trends and reversals. RSI and sto ..read more

The Fibonacci retracement tool is based on mathematical ratios from the Fibonacci sequence. It uses percentage lines as support and resistance markers. These help identify trend reversals and key price levels for crypto traders. Retracements show how much of a prior price move has been retracted. They’re calculated from the preceding move. Common levels are 23.6%, 38.2%, 61.8%, and 78.6%. The tool can be used between any two significant price points, like highs and lows. We’ll explore how it works, its pros and cons, calculate retracement levels and apply them to crypto trading.  How Does ..read more

On April 13th, Ether breached the critical support level of $3,056; however, the bears failed to capitalize on this breakdown. The bulls swiftly regained control, propelling the price back above $3,056 on April 14th. In USD terms, Ethereum’s price has more than doubled since transitioning to proof-of-stake in September 2022, reflecting significant growth and confidence in the network’s sustainability and scalability. However, when viewed in Bitcoin terms, the ETH/BTC pair tells a different story, indicating a decline of approximately 33% since the Merge. This discrepancy underscores the import ..read more

A head-and-shoulders pattern is a tool utilized in technical analysis within the crypto market. A crypto upward trend eventually turns downward. This is usually signalled by the head and shoulder patterns. It has three peaks rising from a baseline. The other two peaks are similar in height. However, the middle peak is the tallest. When you see this pattern, it signals that the upward trend is ending. A bearish trend will likely take over from bullishness soon. Now, let’s explore this concept further. Basics of Head and Shoulder Patterns Imagine a figure portraying the silhouette of a person’s ..read more

Following a period of consolidation throughout the week, Bitcoin experienced a significant decline on both April 12 and April 13. This downturn led to approximately $2.5 billion in crypto liquidations, predominantly affecting long positions rather than short ones. The impact of this drop has been particularly harsh on short-term leveraged long positions, which anticipated a sustained rally, especially surrounding the Bitcoin halving event. Despite the anxiety among short-term traders triggered by Bitcoin’s downturn, there’s a silver lining in the fact that the price has yet to breach the criti ..read more