Three reasons why the ‘other Ethereum’ has pumped 130% in the last week
Ethereum Classic has almost matched Dogecoin’s massive pump in the last seven days. Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March.Data from crypto market aggregator Coingecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing.Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76.Source: TradingViewThe first likely reason for this current price action advance is that it is a continuation of ETC’s positive performance since the end of Q1 2021. As....
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Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54. DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54. DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over the past few days. Today, DOT/USD is trying to test the $9.87 key resistance level which is pretty strong. However, if the bulls continue to push further then DOT will have no problem breaching this critical resistance zone. Related Reading:....
Following the significant Bitcoin price growth to nearly $500 last week, it went down sharply on November 10-11. Just a few days ago, the Bitcoin price faced the first wave of decline to the $370 - $390 level. During the last 24 hours, the price lost almost 20% on all major cryptocurrency exchanges and dropped to as low as $308 on some of them. One of the reasons for this downward trend could be a significant reduction of Bitcoin trading volume on the market. On the other hand, there are theories about speculation on some of the Chinese exchanges and information that the recent Bitcoin....
Ether recently broke above $1,400 for the first time in two years. Here are three events that could push the price even higher.
A hard fork that split Ethereum’s chain in two was activated on purpose, calling into question Ethereum’s client coordination.
Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why. Looking at the past seven days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin's (BTC) price retraced 8.3% to $58,425.Top winners and losers from the sector's top 80 coins. Source: NomicsThe only connection between this week's top gainers seems to be the metaverse and gaming sector, which has been on a bull....