The year 2020 was perhaps the best for Bitcoin ever,not only because of the price action but also for the massive increase in institutional interest. Currently, Bitcoin market capitalization is $382 billion after the digital asset hit $20,700 for the first time ever.
XRP price shows a consolidation in play that could lead to a new yearly high. The recent recovery from the dip into the demand zone suggests the presence of strong buyers.
SafeMoon price shows a massive rally that pushed it to the recent local top. However, the inability of the buyers to propel it past this crucial level might lead to a pullback.
Dogecoin price is facing a stiff resistance wall that could result in a minor correction. A confluence of on-chain indicators adds credibility to this potential bearish move.
Special Yearly Forecast
Describing 2020 remains a daunting task for many people across the globe. From the worldwide COVID-19 pandemic, black lives matter riots/protests in the US, the dramatic US presidential elections, Brexit in the UK and the cryptocurrency market crash...
Ethereum is one of the world's largest cryptocurrency platforms, second only to Bitcoin both in terms of market capitalization and popularity among the industry players. Launched in 2015, the project has evolved into a fundamental pillar and a citadel...
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.
BEST CRYPTO BROKERS/EXCHANGES
If you’re interested in using virtual coins like Bitcoin, Ethereum, Litecoin or any other out the over 1,500 coins and tokens currently available on the market, you’re going to need a wallet. If you are new to cryptos, this guide is your shortcut to understanding what a cryptocurrency wallet is, how they work and which one suits you best.
27 min Beginners Beginners
So you've heard a lot about cryptocurrencies and wanted to give it a try. Most likely, you are overwhelmed with the sea of unknowns, and your mind is blowing from endless questions: Where to start? How to proceed? What are the best practices? How to escape pitfalls and not to fall victim to fraudsters?
16 min Beginners Beginners
The volatility of cryptocurrencies prices
The cryptocurrencies prices are highly volatile compared with the traditional currency pairs and assets in the foreign exchange market due to fluctuations in the interest of the public. This factor is associated with the user and we must add the absence of current regulation and its constant pressure from governments. These factors make the volatility of the digital currencies constant, modifying the Cryptocurrencies Market Prices and affecting values of such cryptocurrencies as Bitcoin, Ethereum, Ripple or Litecoin, among others.
To begin trading in this volatile market it is necessary to be well aware of the market prices of cryptocurrencies. The cryptocurrency investor has to differentiate between Bitcoin and the wide variety of existing Altcoins and should be well informed about their graphs and quotes, as well as the latest news related to these digital currencies.