Ethereum’s Hidden Bull Case: Supply Drain Meets Organic Demand Growth

Ethereum’s price is fortifying at a key level. That is the first signal of a turn to growth. Will the upward trend continue? What needs to happen for a turn to growth? A fortification at key bear level indicates the lack of demand. The bulls are holding the advantage. If this continues and Ethereum’s price starts forming a turn to growth, there will be a high probability of larger scale correction towards the next target of $11.1 - $11.2. If, however, the bulls win the advantage, the $10.2 mark will become a key resistance line. A fortification and formation of a turn at it will most....

Ethereum price is at a stage of forming a hidden reversal of a long-term downward trend. The price is still in the area of high volatility. ETH/USD. Ethereum’s rebound from $10.5 can provoke an increase in volatility. Such a development of the upward trend can indicate a possible hidden reversal. That reversal is taking place at a subwave level when there is a clear advantage of one group of traders over the other. Two possible course of events. Break through $11.7 mark and continuation of growth towards $20. A confirmation of this scenario would be a fortification of Ethereum price above....

Circulating, maximum and total supply are all essential metrics for an investor’s price discovery. Find out here what they are and how they can be used. Total supply vs. maximum and circulating supplyCirculating and maximum supply are equally important in their own use, and understanding their implication vs. the total supply can help assess their impact on the cryptocurrency’s price.How a price may change in the future is a crucial assessment for an investor who could plan a different strategy depending on how each metric performs against the total supply. Total and circulating supply can....

There is an interesting project currently taking place in Argentina. Nubis Bruno, an Argentinean web developer and entrepreneur, has found a way to help local organic farmers sell their products using Bitcoin. In Buenos Aires, organic farmers are struggling to sell their products. However, some farmers have found an alternative. With the help of Bitcoin, these farmers have succeeded in creating an online presence where they can sell their organic vegetables directly to customers with no fees or middlemen getting in the way. Santiago Zaz, a friend of Nubis Bruno, is a member of an organic....

The value and popularity of TerraUSD Classic, or USTC, the algorithmic stablecoin of the Terra Classic (LUNC) ecosystem, have skyrocketed recently. Today, the stablecoin makes a surprise rally, sparking a great deal of interest among investors and cryptocurrency aficionados. The sharp growth in USTC could be an indication of a sharp rise in demand and emphasizes the market’s rising confidence in this stablecoin. Data from crypto market tracker Coingecko shows USTC trading at $0.0186, notching a 24-hour increase in value of 21.4%. In the last seven days, the stablecoin registered an....