Crypto’s Dominance Across Africa Shows No Signs Of Slowing
Despite the prevailing market conditions, cryptocurrency adoption, primarily across emerging economies, continues to grow unabated. This reality, in turn, is driving investor interest in these potential markets. For instance, the African blockchain landscape is currently attracting significant funding from prominent venture capital firms as well as angel investors. Recently, the Central African Republic (CAR), following […]
Related News
BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. BTC dominance simply shows how much demand there is for bitcoin compared to altcoins. The more BTC dominance rises, the lower the demand for altcoins. This means that for altcoins to rally up further, bitcoin demand has to go down. Related Reading | Ethereum Breaks 200,000....
Bitcoin has regained dominance over the market in recent times. The digital asset has seen price recover towards previous highs, with less than 1% left for it to surpass its previous all-time high. This has so far renewed faith in the asset and the market and has seen sentiment move into the positive in the broader crypto market. Bitcoin has not shown any signs of slowing down since then. On the index side, bitcoin has not taken any prisoners in its market domination. The digital asset has crushed every single index in the market and has outperformed indexes from small to mid-size, bar the....
Yearn.finance’s YFI token is once again going parabolic, with investors pouring massive capital into it as its price rockets towards $30,000. This marks a massive rise from its recent lows of $7,500 set just a few days ago, with buyers taking full control of the cryptocurrency as they aim to send its price rocketing towards […]
XRP has surprisingly been one of the best performing major altcoins throughout the past few days, seeing parabolic gains as bulls take full control of its price action. Its rally shows few signs of slowing down either, with bulls setting their sights on the cryptocurrency seeing even further upside as it plows past multiple key […]
Bitcoin has been showing immense signs of strength throughout the past few weeks, and its uptrend is showing no signs of slowing down as bulls work to flip $16,000 into a support level. This price level has long been strong resistance for the cryptocurrency, but it has been able to post what appears to be […]