Image source: Getty Images Most investors have been right to focus almost exclusively on growth stocks during this long-standing bull market cycle. Indeed, many top high-growth tech names have outperformed the more boring defensive stocks in the market. But one company I’ve continued to pound the table on in recent years that’s performed as well…
contributor Posted: September 4, 2024 AAVE’s monthly outlook looking amazing, with a potential for a breakout. Aave dominated the DeFi sector as new initiative looked to drive adoption. Aave [AAVE], one of the leading DeFi protocols, continues to demonstrate strong performance, showing resilience and potential for long-term market gains. AAVE’s price chart is impressive on…
Journalist Posted: September 3, 2024 A liquidity run for Bitcoin could spur Solana’s prices higher. The local highs at $160 was a strong magnetic zone. Solana [SOL] was trading in a higher timeframe bear pennant, and analysts believed the prices would consolidate within a tight range over the next 4–6 weeks. This expectation appeared to…
Selling pressure on Ethereum was rising over the past few days. The NVT ratio indicated that Ethereum was overvalued. Ethereum [ETH] investors were having a tough time as the bears continued to dominate the market. In fact, the latest data suggested that it might take even longer for the bulls to regain control. Let’s have…
Toncoin has a strongly bearish short-term bias. Traders need to wait for a deviation beneath the range lows before looking to go long. Toncoin [TON] experienced a tough week. The founder of Telegram, Pavel Durov, was arrested in France and faces a 10-year jail term. This news had a huge negative impact on the Telegram-based…
XRP showed signs of bullish momentum after bouncing off critical support at $0.5557. Metrics signaled a continued bullish rally. XRP has shown signs of a comeback, as it increased by 4% after a successful retest of the critical support of $0.5557. The price action of XRP indicated a recovery from $0.5557, which had acted as…
Bitcoin millionaires surged by 111% in 2024, driven by new ETFs and Bitcoin highs Top crypto hubs like Singapore and Hong Kong benefited from favorable tax policies Despite the recent dip in the cryptocurrency market, a dip accelerated by Bitcoin [BTC] falling below $60k on 28 August, there remains a silver lining. This, thanks to…
TON was down for almost three hours as block production halted reportedly due to congestion. Assessing the impact of the downtime on the network. Toncoin [TON] has no doubt been one of the fastest growing networks and its runtime has been flawless until now. Fresh reports indicate that the network experienced its first downtime incident…
Ethereum worth over $35M moved to exchanges by institutions. Market indicators are still bullish on ETH. Ethereum [ETH], the second most popular cryptocurrency, has experienced significant fluctuations recently, partly due to a large movement of ETH by institutions to exchanges. Over the past 24 hours, major players like Amber Group and Cumberland have deposited large…
Render has an optimistic short-term outlook The boost in trading volume and keen buying pressure are likely to sustain the uptrend Render [RENDER] was trending upward over the past few days. The breach of the $5.2 resistance zone was swift and the buyers have not relented in their pace since then. Another 15% upward move…