Ever since Binance’s token BNB has set a new all-time high against BTC in mid-February, it has traded mostly in the range between 0.0040s and 0.0050s. The support level has been gradually moving lower, so Cindicator’s tokenholders voted to ask Hybrid Intelligencec a question about BNB: “The cryptocurrency Binance (BNB/BTC) settled at 0.0045352 BTC at 09:45 AM...
Aave, the native token of Aeve Defi protocol for borrowing and lending, has had a rough month. In BTC terms it peaked in early February and has since then lost over 50%. The current level might look like an attractive entry point in case of a potential reversal — probably that’s why the Cindicator community was interested in learning more about this...
Bitcoin is now again well above $50k and traders set their sights on new all-time high. Our weekly questions to Hybrid Intelligence should help with identifying the wider trend for the whole market: “The cryptocurrency Market Capitalization settled at 1665B USD at 12:00 PM UTC on Wednesday, March 10. Will the Market cap climb above 1789.9B USD (+7.5%) earlier...
The crypto market has rebounded over the past few days. Weekly indicators from Hybrid Intelligence should help with identifying the trend. Here is the usual weekly question: “The cryptocurrency Market Capitalization settled at 1545B USD at 02:00 PM UTC on Wednesday, March 3. Will the Market cap climb above 1660.9B USD (+7.5%) earlier than drop below 1429.1B...
Ripple’s XRP has had a tough year so far. The SEC’s investigation prompted many exchanges to delist XRP. MoneyGram, the widely touted partner, has suspended its relationship with Ripple due to the SEC suit. And so far it doesn’t look like the settlement is in sight. We’ve asked Hybrid Intelligence if the sell-off will continue: “The cryptocurrency XRP...
Maker DAO’s MKR token is one of the oldest DeFi assets. Like many other crypto assets, it posted stellar gains this year. Yet in BTC terms, it’s still well below its all-time high of 0.18 that was observed in 2019. After a surge to above 0.08 BTC (a level also last seen in 2019), MKR was heavily sold throughout February. We’ve asked Hybrid Intelligence the...
The recent sell-off wasn’t unexpected. A correction was due after months of strong growth. But it’s far from clear if it’s over. Our regular questions to Hybrid Intelligence might help. “Bitcoin crypto market share settled at 61.88% at 01:20 PM UTC on Wednesday, February 24. Will Bitcoin's market share climb above 63.12% (+2%) earlier than drop below 60.64%...
This week, Bitcoin finally broke $50k, an important psychological level, gaining about 15% in the past seven days. Often during Bitcoin’s strong rallies alts lag behind. That was the case now. For example, ETH and ADA have gained just about 5% during the same period. We’ve posted the following questions to Hybrid Intelligence to check what’s next for the...
BNB, the Binance coin, had a phenomenal week, setting a USD all-time high of $148. In BTC terms, however, BNB is still behind its April 2019 high of 0.00481340. Back then, Binance has championed the idea of Initial Exchange Offerings and introduced a lot of new functionalities to its BNB token. And now Binance is going at full steam to integrate and lead all...
Bitcoin, ETH, and many other cryptocurrencies have been setting new all-time highs so often that it’s getting a bit boring to even mention. To check if the attention will shift away from Bitcoin to ETH, we’ve posted the following question to Hybrid Intelligence: “The cryptocurrency Ethereum (ETH/BTC) settled at 0.037443 BTC at 07:46 AM UTC at the binance...
Crypto is highly unpredictable. Luckily you don’t need a crystal ball to profit. What you need is to simply win more than you lose: the SuperForecasters strategy on the chart above is an example. This strategy made +72% since May 2020, performing well in bearish, sideways, and bullish markets. There are two parts to that: your win-rate and your risk-reward...
New price records that are set daily give an impression that the growth will never stop. But nothing is permanent. As usual, we’ve checked the weekly Hybrid Intelligence view on BTC dominance: “Bitcoin crypto market share settled at 62.25% at 12:00 PM UTC on Wednesday, February 10. Will Bitcoin's market share climb above 63.5% (+2%) earlier than drop below...
Last week, REN / BTC hit a rough patch after a strong start to the year. REN is used for ‘wrapping’ assets on Ethereum and is pretty popular. REN is needed to create a ‘darknode’, which wraps BTC, BCH, and ZEC, bringing them to the Ethereum network. Darknodes earn fees and with the wrapped BTC (or other asset) holders have it both ways: they keep their Bitcoins...
So far this year, many large-cap altcoins outperformed BTC’s already strong rally. Yet one of the laggers is NEM (ticker: XEM), which was heavily sold in December and struggled to recover. However, over the past few weeks XEM has demonstrated a consistent upward trend. To see if the asset will move even higher, we’ve posted this question to Cindicator’s Hybrid...
Elon Musk has brought Bitcoin back into the spotlight by adding it to his Twitter bio last Friday and sending it to 38k. "In retrospect, it was inevitable," he added in a tweet. Since then the price has gone down over the weekend. But this week Bitcoin is already up +10% amidst relatively low volatility. To check if the rally will continue we’ve asked Hybrid...
This month, Polkadot’s DOT already gained +83%, displacing XRP as the #4 crypto asset by market capitalization. Since the all-time high on January 16, the price wobbled, looking for support — it looks like it was found at around $15. Grayscale, an asset manager with $20 billion AUM, recently incorporated a new trust for Polkadot. At some point they might use...
The GameStop isn’t the only company where greedy short-sellers got punished by WallStreetBets redditors. Sundial Growers Inc. (SNDL) and Nokia Corporation (NOK) are two other companies where traders with short positions got overexposed. Currently, their short interest (i.e. shorts / all shares) are 29% for SNDL and 14% for NOK. That’s not some crazy levels...
Over the past two weeks, ADA made impressive gains vs Bitcoin: +34% last week and +26% the week before. In USD terms, ADA has already made a new all-time high. Yet in BTC terms, it’s still far below the levels seen in the summer 2020 or March 2019 (let’s not even mention 2018…). We decided to check if the rally would continue and asked Cindicator’s Hybrid...