If the crypto market was looking a little red before, at press time it was closer to the blood-gushing elevator scene from The Shining. With Bitcoin trading at $31,720.36 and Ether changing hands at $...
Tag: Decoding
Half a billion SHIB locked in dead wallets- Decoding what it means for investors
In April Shiba Inu introduced a burning portal allowing holders to permanently destroy their tokens. This was aimed at reducing the circulating supply while also enabling users to receive passive inco...
Decoding the performance of Azuki’s latest NFT collection ‘BEANZ’
With NFTs becoming the most sought-after thing of late, a number of investors are turning their attention toward buying, trading, and selling NFTs. With BAYC, MAYC, Doodles, and many such popular NFTs...
Decoding what Bitcoin ETF data signifies for the flagship token’s future
There is a cloud of uncertainty currently looming over Bitcoin especially ahead of Wednesday’s critical announcements. The charts may not provide any clarity over what to expect but a look at on-chai...
Decoding why MATIC is yet to deliver a strong bounce back
MATIC delivered a heavily bearish performance in April but it looks like the bears are running out of momentum. Although the selling pressure seems to be tapering out, the price demonstrated some side...
Decoding factors detrimental to Filecoin’s [FIL] short-term recovery
Filecoin (FIL) has lost most of its value in the last year since its April 2021 highs. In the last month, bulls finally managed to flip the six-month trendline resistance (white, dashed) to immediate ...
SEC vs Ripple: Decoding SEC’s latest attempt to avoid submitting evidence in court
Judge Analisa Torres brought forward the SEC v Ripple calendar to expedite proceedings. The SEC has made several extensions to address one key issue that continues to weaken its case against Ripple. A...
Decoding the effects of 1M DOGE tip to Dogecoin Foundation
Out of all the meme coins, Dogecoin holds a special place for investors. And, further supporting the meme coin is DOGE-father Elon Musk, whose acquisition of Twitter initiated an almost 30% rally. Dog...
Decoding the reason behind meteoric rise in floor prices of these top NFT collections
Yuga Labs announced its Otherside metaverse project with a teaser video about a month ago, shortly after ApeCoin debuted. In a tweet at the time, Yuga Labs hinted that the metaverse project could laun...
Decoding The Truth Behind Microstrategy Selling Bitcoin! Here’s What’s Going On – Coinpedia – Fintech & Cryptocurreny News Media
MicroStrategy, a Bitcoin-accumulating business intelligence software company, is known to have 129,218 Bitcoin in its possession. This is estimated to be worth $6 billion (at the current price). Micro...
Tron: Decoding why news of its native stablecoin pushed TRX up by 16%
TRX has emerged as the top performing cryptocurrencies in the last 24 hours at the time of writing, after rallying by more than 16%. It owes its impressive run to the announcement that the Tron blockc...
Decoding BTC’s value zone concentrated between the $35k to $42k range
After three consecutive weeks of a downtrend, Bitcoin began this week on a positive note with intraday prices testing the $40k mark. Indeed, BTC was able to surpass this level successfully as it trade...
APE: Volume, whales, sentiment- Decoding rug pull theory’s authenticity
As the market turned green, many coins and tokens saw a gentle 24-hour recovery – nothing too dramatic or drastic. However, one token shot to high heaven even as those watching scratched their heads a...
Decoding how PFP NFT’s have become the latest rage as market value crosses $10B
Since the onset of social media, profile pictures have been key in defining our identities. Perhaps a professional photo on LinkedIn profile, a solo portrait or one with other half, and the list goes ...
BAYC, ApeCoin, Coinbase- Decoding the NFT mania
Bored Ape Yacht Club, a community of 10,000 NFT Apes with distinct characteristics, has seen a roller-coaster ride since its inception. Not so long ago, the said community launched its ERC-20 utility ...
Decoding what ‘increase in stablecoin’s whale transactions’ means for BTC & alts
You have to admit, stablecoins aren’t the most exciting part of the crypto industry, especially when there are NFTs and TVLs to gawk at. However, stablecoins are important indicators for Bitcoin or al...
Decoding whether Filecoin is ranging, compressing, or pulling back
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Is it a range or is it a consolidation? Was the Filecoin short-ter...
ETH: Decoding take-profit levels and a potential for future rally
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A recent report highlighted how Ethereum was entering the “Belief”...
Decoding what ’19 million BTC in circulation’ means for investors
Bitcoin is known for its deflationary nature. Its supply has a hard limit of 21 million coins. Therefore, the creation of a new Bitcoin is unlikely after the year 2140. Notably, since its inception in...
XLM or XRP- Decoding LatAm’s crypto cross-border remittance preference
Cross border remittances are a matter of life and death as the Russia-Ukraine war and Afghanistan’s frozen funds have shown us. However, there are plenty of high-stakes use cases for crypto investors ...
Decoding the tale of LRC sustaining a 31% rally amidst 11% unprecedented fall
Loopring took the lead amongst other cryptocurrencies during the broader market correction on 20 March. Well, in this context, it can be noted that an interesting pattern can be observed in the behavi...
1,217,116 USDT worth of ETH bought; decoding what that means for investors
The largest altcoin and the second-largest cryptocurrency, Ethereum climbed up the price chart. It registered a 6% hike over the last 24 hours. At the time of this analysis, ETH stood at the $2,677 ma...
Decoding Dogecoin’s hopium-led 9.5% rally and what it means for the investors
Dogecoin was a relatively unknown coin until Elon Musk discovered it. Every time the ‘Doge-father’ has spoken in its favor, the token goes for a walk-up high on the price chart. The man who initiated ...
Decoding what BTC leaving crypto-exchanges means for turtles, pigs, wolves
After leaping over $40,000 and just brushing $45,000 with its fingertips, Bitcoin fell back below $40,000. Adding to that, the king coin was revisiting the prices it passed in late February. Even at p...
Decoding MakerDAO’s performance and what investors can do
While many investors are busy looking at crypto-assets like coins or tokens, we also need to keep an eye on DAOs. In particular, MakerDAO – the project behind MKR tokens and DAI – has been seeing some...