The Future Coin

Bitcoin

$32,413.07

BTC -7.31%

Ethereum

$1,224.07

ETH -8.14%

XRP

$0.28

XRP -5.31%

Litecoin

$134.44

LTC -8.29%

EOS

$2.63

EOS -4.76%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Ethereum News

Ethereum, BNB, Algorand keep steady as Bitcoin consolidates under $10K

by The Future Coin
May 14, 2020
in Ethereum News
0
Ethereum, BNB, Algorand keep steady as Bitcoin consolidates under $10K
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Bitcoin, the world’s largest cryptocurrency, has consolidated its position under $10k, consolidation that followed the king coin halting a downtrend that took over the market in the days right before the much-anticipated block reward halving on 11 May. Many of the market’s altcoins have taken confidence in such movement, with some of them recording significant gains.

Ethereum [ETH]

Source: ETH/USD on TradingView

The world’s largest altcoin, Ethereum, was significantly affected by the aforementioned downtrend in the Bitcoin market, with ETH falling well below the $200-mark. However, it has since recovered, with ETH hiking by almost 5% over the last 24-hours. While the press time trading price of $199.13 was still well below its price over 9-10th May, it is likely that with the impending roll-out of ETH 2.0, it will recover.

ETH’s technical indicators highlighted the bullishness in the market as while the Parabolic SAR’s dotted markers were observed to be below the price candles, the Relative Strength Index remained firmly in balance between the oversold and overbought zones.

While optimism around the launch of ETH 2.0 is high, some metrics may just spoil the party as recent data from Glassnode revealed that the number of unique addresses holding 10,000 Ethers or more fell to its lowest level since January 2019, suggesting that despite positive uptrends, whales may be fleeing to other cryptos like Bitcoin.

Binance Coin [BNB]

Source: BNB/USD on TradingView

BNB, the native token of one of the world’s largest crypto-exchanges, like Ethereum before it, was hit by the dip in Bitcoin’s price. Like ETH again, BNB was on its way upwards, with the token gaining by over 3% in 24-hours to go close to the price levels set before the aforementioned market dip. The present movement seems to be a continuation of Binance Coin’s steady consolidation in the months of April and May.

The volatility in the BNB market was underlined by the wide mouth of the Bollinger Bands. Further, the MACD charts saw the MACD line surging over and above the signal line, suggesting significant bullishness in the market.

While the token itself hasn’t exactly been setting the newspapers on fire, its parent exchange continues to make headlines every other day. Just recently, the CZ-led exchange announced that it will now support direct transactions in South African rand.

Algorand [ALGO]

Source: ALGO/USD on TradingView

The 48th-ranked cryptocurrency on CoinMarketCap’s charts saw its steady uptrend interrupted by the market downtrend of 10th May. Since then, while ALGO has posted gains, its trading price of $0.20, at press time, remained some way from the token’s resistance at $0.22.

The token’s technical indicators were a tad more positive than its price charts as while the Chaikin Money Flow highlighted a steady stream of capital inflows into the Algorand market, the Awesome Oscillator suggested some bullish momentum on the charts.

The Algorand Foundation was in the news a few weeks back after it announced a 250M ALGO Grants program to foster and encourage innovation in the Algorand ecosystem.

Source link

EDITOR’S CHOICE

Blockchain Testing Service Market Size and Share 2020

Executive orders on immigration welcomed by Apple and Google

Bitcoin Price Falls as Some Holders Are ‘Starting to Move It’

10 Reasons To Buy Theta Network (THETA) – Altcoin Projects

Argo Blockchain ‘built solid foundation over last 3 years to seize upon current opportunity’

BlackRock has joined the bitcoin business – the world’s largest asset manager has said two of its funds can now invest in the cryptocurrency | Currency News | Financial and Business News

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 32,407.00
ethereum
Ethereum (ETH) $ 1,227.22
tether
Tether (USDT) $ 1.00
polkadot
Polkadot (DOT) $ 16.42
ripple
XRP (XRP) $ 0.277373
cardano
Cardano (ADA) $ 0.338325
litecoin
Litecoin (LTC) $ 134.28
bitcoin-cash
Bitcoin Cash (BCH) $ 443.57
chainlink
Chainlink (LINK) $ 19.91
binancecoin
Binance Coin (BNB) $ 40.65
stellar
Stellar (XLM) $ 0.271837
usd-coin
USD Coin (USDC) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 32,449.00
bitcoin-cash-sv
Bitcoin SV (BSV) $ 184.52
eos
EOS (EOS) $ 2.63
monero
Monero (XMR) $ 139.25
aave
Aave (AAVE) $ 176.11
tron
TRON (TRX) $ 0.028874
vechain
VeChain (VET) $ 0.030993
tezos
Tezos (XTZ) $ 2.64
nem
NEM (XEM) $ 0.221461
havven
Synthetix Network Token (SNX) $ 13.61
cosmos
Cosmos (ATOM) $ 7.94
theta-token
Theta Network (THETA) $ 1.87
uniswap
Uniswap (UNI) $ 8.20
neo
NEO (NEO) $ 24.22
crypto-com-chain
Crypto.com Coin (CRO) $ 0.074627
okb
OKB (OKB) $ 6.15
celsius-degree-token
Celsius Network (CEL) $ 4.10
compound-usd-coin
cUSDC (CUSDC) $ 0.021739
compound-ether
cETH (CETH) $ 24.56
dai
Dai (DAI) $ 1.00
leo-token
LEO Token (LEO) $ 1.39
iota
IOTA (MIOTA) $ 0.452393
maker
Maker (MKR) $ 1,251.92
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.008573
dash
Dash (DASH) $ 108.09
huobi-token
Huobi Token (HT) $ 5.29
filecoin
Filecoin (FIL) $ 21.94
zcash
Zcash (ZEC) $ 89.09
avalanche-2
Avalanche (AVAX) $ 11.97
yearn-finance
yearn.finance (YFI) $ 30,375.00
kusama
Kusama (KSM) $ 99.66
ethereum-classic
Ethereum Classic (ETC) $ 7.52
solana
Solana (SOL) $ 3.31
cdai
cDAI (CDAI) $ 0.021084
ftx-token
FTX Token (FTT) $ 9.48
sushi
Sushi (SUSHI) $ 6.36
compound-governance-token
Compound (COMP) $ 189.24