SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair's upside move pushed its 24-hour adjusted timeframe profits up to 23%, making SUSHI the best-performing DEX token in the given period. For instance, UNI, the token representing the leading DEX Uniswap by market cap, jumped 6.23% against the U.S. dollar in the previous 24 hours. Meanwhile, PancakeSwap (CAKE) rose 2.5%, THORChain (RUNE) climbed circa 13%, and Curve (CRV) inched higher by …

Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.” The move follows a rebound toward the prior high and a failed breakout attempt above the said level. As a result, the price pulls …

Bitcoin's (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Frontier (FRONT), Ren (REN) and Keep Network (KEEP). Frontier's cross-chain app launch excites the community Frontier is a decentralized finance (DeFi) aggregator that focuses on offering support for the Ethereum, Binance Smart Chain and Harmony blockchain. VORTECS™ data from Cointelegraph Markets Pro began to detect a …

The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of non-financial S&P 500 companies hold in their cash coffers, as per data compiled by Bloomberg. Cash spending up among corporations MicroStrategy made buying Bitcoin its official corporate strategy in 2020, with its celebrated CEO, Michael Saylor, calling the move a defense against the U.S. …

Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Rari Governance Token (RGT), Curve (CRV) and Synthetix Network (SNX). RGT holders vote on the project's first DAO proposal The Rari Governance Token is the native token of Rari Capital, a non-custodial decentralized finance (DeFi) protocol …

The minimum cost to buy a CryptoPunks nonfungible token (NFT) from secondary marketplaces dropped below 80 Ether (ETH) on Sept. 14. Larva Labs reported that the so-called "CryptoPunk 1417," a pixelated avatar of one of 3840 women created by digital artists Matt Hall and John Watkinson, is listed for sale at 79.99 ETH (almost $266,168). The floor price of CryptoPunks fell below 80 ETH. pic.twitter.com/aD3Cwbl0IK — Wu Blockchain (@WuBlockchain) September 14, 2021 A quick look into the history of transactions involving #1417 showed that its owner sold it for as low as 0.9 ETH (~$159) in January 2020. The new …

A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern. Dubbed as the "ascending broadening wedge," the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas Bulkowski, these wedges tell less about buying exhaustion and more about sellers' ambition to take control, i.e., buyers tend to lose dominance every time the price touches the upper trendline. XTZ's 250%-plus price rally from its July 2021 low of $2.08 has led to the ascending broadening wedge's formation. On Monday, the cryptocurrency tested the structure's upper trendline …

The price of Cardano (ADA) fell on Monday in line with the other top cryptocurrencies despite the completion of its hard fork upgrade dubbed “Alonzo,” which introduced smart contract functionality. The ADA/USD exchange rate dropped 10.67% to reach its intraday low of $2.30, partly due to profit-taking sentiment among traders following the pair’s 1,200%-plus price rally this year. Additionally, the intraday sell-off also surfaced in the period of an overall crypto market decline, with top tokens Bitcoin (BTC) and Ether (ETH) falling 4% and 6.97%, respectively. Cardano’s drop appeared when its core foundation rolled out a long-awaited smart contracts feature …

Avalanche’s AVAX token looks poised to hit $80, as per a classic technical pattern, after hitting a new high of over $65 on Sept. 12. Dubbed as a “bull flag,” the structure emerges as a brief sideways/downward trend following a strong price move higher. As a result, bull flags tend to look like downward sloping channels, represented by two parallel trendlines that trap the price action. Additionally, a market’s underlying trade volume dries up as prices move lower, indicating weakness in the downtrend. Therefore, bull flags typically resolve following a break above their upper trendlines, with prices pushing as high …

On Sept. 9, bulls made a strong showing as Algorand (ALGO) and Solana (SOL) each steamrolled to new highs even as Bitcoin (BTC) continues to flounder under the $47,000 mark. The strong performance from the altcoins gives further credence to the argument that the market is in an "altseason," a phase that is typically characterized by surging altcoin prices when BTC is range-bound. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Presearch (PRE), Frontier (FRONT) and Algorand (ALGO). Presearch integrates Wyre into its marketplace Presearch, a blockchain-based decentralized search protocol, …

A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high. The SOL/USD exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in history. The pair’s ability to sustain bearish pressure underscored investors’ growing interest in Solana’s blockchain as an emerging rival to Ethereum, a public ledger currently leading the decentralized finance (DeFi) and nonfungible token (NFT) sector boom. “The SOL outperformance in the market recently is more …

A sharp sell-off across the cryptocurrency market on Tuesday — that saw top tokens Bitcoin (BTC), Ether (ETH), Cardano (ADA) and Solana (SOL) fall by double-digital percentages — created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one dollar-peg and offering sufficient liquidity to traders who looked for a safety net during the market decline. Blockchain analytics service CryptoQuant reported dramatic spikes in stablecoin transfers as the cryptocurrency market capitalizati fell from $2.38 trillion to $2.103 trillion on Tuesday. …