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So far Support Team has created 327 blog entries.

July 2020

Chainlink (LINK) Becomes the ‘Tesla’ of Cryptocurrency — What’s Next?

2020-07-13T16:19:00+00:00 July 13th, 2020|Crypto News|

As Bitcoin's (BTC) price continues to trade in a tightening range, the altcoin market has been pushing higher each week, and the most recent surge has come from Chainlink (LINK).After breaking above the $5 level, LINK's price surged nearly 100% in a matter of days and ended by making a new all-time high at $8.40. Through this massive push, LINK surpassed EOS and Crypto.com (CRO) to [...]

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Which Way Bitcoin Price? Current ‘Stablecoin’ Period Mimics Early 2017

2020-07-12T08:51:00+00:00 July 12th, 2020|Crypto News|

“What’s the price of those Bitcoin’s you keep talking about?” a friend asks me. I look at my phone and it’s still averaging around $9,200. “About the same as last month mate,” I replied. Bitcoin (BTC) price has hardly moved an inch in the last six weeks, barely moving 2% in either direction from its average price. Therefore, I’m starting to think it’s a stablecoin now. Bitcoin’s [...]

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Bitcoin Price Ready for $10K Retest as Algorand, Tezos Continue Surge

2020-07-11T18:10:00+00:00 July 11th, 2020|Crypto News|

The price of Bitcoin (BTC) has been showing weakness throughout the week. However, the key support level is holding up, and this triggered the continuation of many altcoins such as Tezos (XTZ) and Algorand (ALGO), which are soaring on July 11, gaining over 9% and 17%, respectively. The massive surges in altcoin price usually occur when Bitcoin remains calm and this is what we have seen [...]

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How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?

2020-07-10T16:41:00+00:00 July 10th, 2020|Crypto News|

According to recent research from blockchain analytics firm Flipside Crypto, Brave’s Basic Attention Token (BAT) became the most used ERC-20 token in the decentralized finance (DeFi) sector from June 19 to July 2. According to Dapp.com, “there was a transaction volume of $931 million generated from BAT token, more than the combined volume of Ether and Dai”.BAT is the token used to incentivize and reward [...]

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If Crypto Traders Abandoned Litecoin Why Are Investors Hoarding LTC?

2020-07-09T00:19:00+00:00 July 9th, 2020|Crypto News|

Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee to admit 2019 saw a historic low in the number of developers working on Litecoin Core, the software behind network nodes.The beginning of 2020 was no different and Charlie [...]

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Bitcoin Options Data Shows Investors Betting on $50K BTC Price in 2021

2020-07-07T20:26:00+00:00 July 7th, 2020|Crypto News|

Over the past three weeks, $150,000 worth of Bitcoin (BTC) $50K call options for June and December 2021 strikes have been traded. LedgerX derivatives exchange has been intermediating these ultra bullish trades, but what could be the rationale behind them?There are some good reasons for buying options with such small odds, but paying $1,000 for the privilege of purchasing Bitcoin 440% above the current price [...]

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Chainlink Price Hits A New All-Time High — Will Tezos (XTZ) Follow?

2020-07-07T15:06:00+00:00 July 7th, 2020|Crypto News|

Altcoins have been taking the spotlight as massive surges are seen across the board. Some have been making 1,000% moves or more as Aave (LEND) and Zilliqa (ZIL), for example. Others are slowly waking up out of the ashes, and some are printing new all-time highs. One of those recent all-time highs is Chainlink (LINK), as Chainlink’s price broke above $5 for the first time ever. [...]

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Bitcoin Is the ‘New’ Apple — How BTC Price Could Reach $60,000 by 2023

2020-07-06T02:52:00+00:00 July 6th, 2020|Crypto News|

In 1962 sociologist Everett Rogers published the well-known book Diffusion of Innovations in which he classified consumers in the following five groups: Innovators, Early Adopters, Early Majority, Late Majority, and Laggards.Adoption Curve. Source: Business-to-youSince its creation, the above chart has become widely used among many industries, although new technologies have better synthesized such research. The graphic flawlessly describes how each group's psychological profile reflects on [...]

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Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020

2020-07-05T13:58:00+00:00 July 5th, 2020|Crypto News|

The price of Bitcoin (BTC) dropped below $9,000 for a total of eight times in the past two months. Yet, it has recovered with strength after every pullback.According to a pseudonymous crypto analyst, Bitcoin could sustain its uptrend if it reclaims the 200-day displaced moving average (DMA). The analyst, known as CryptoKea, said:“BTC broke the lower band of the bullish channel a few days ago. [...]

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Bitcoin Price Consolidating But What Happens if $9K Support Is Lost?

2020-07-05T12:40:00+00:00 July 5th, 2020|Crypto News|

Bitcoin (BTC) has failed to challenge the multi-year resistance of $10,500 since the beginning of June 2020. This extended period of chop will ultimately result in one of two inevitable outcomes.  Either a massive green candle to catch bears off guard or a period of profit-taking that will see the leading digital crypto-asset fall to sub $8K levels in the coming weeks.  But what signs can we [...]

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Bored With Bitcoin? This BTC Price Level Is Key for a Big Breakout

2020-07-04T14:50:00+00:00 July 4th, 2020|Crypto News|

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been ranging between $8,600 and $10,500 since the halving. During the two-months’ sideways action, the market started to heat up and altcoins entered the spotlight.Additionally, traders and investors are constantly debating whether BTC price is still in bull or bear territory. Let’s take a closer look at the charts to where Bitcoin may [...]

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Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange

2020-07-04T13:16:51+00:00 July 4th, 2020|Crypto News|

Helicopter parents. They never let their kids out of sight. They fret at the possibility of any potential danger, striving to protect their snowflake charges from harm, reassuring the child so they know just how special, precious and helpless they are… and that they can never, ever fail.Of course, this backfires horrendously, resulting in what we see today: leaders who are entitled silver-spoon-fed adolescents conditioned [...]

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Set Your Alarms: Most Bitcoin Is Now Traded During These Hours

2020-07-03T11:02:00+00:00 July 3rd, 2020|Crypto News|

Bitcoin (BTC) traders are changing their habits in 2020 — but volatility is still dominated by the start of New York stock market trading.According to data currently circulating on social media, volatility for the largest cryptocurrency by market capitalization is highly correlated with the opening of United States markets.US stock markets spike BTC volatilityBy comparison, London and Asia stock market opens have considerably less of [...]

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XRP Price Can Outperform Bitcoin in the Short Term — Here’s Why

2020-07-01T15:18:00+00:00 July 1st, 2020|Crypto News|

Bitcoin (BTC) price sidewards action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms. Without decent swings, any asset can become boring.But let’s not forget BTC isn’t the only cryptocurrency out there as several altcoins are currently staging somewhat of a comeback. However, there’s one coin that doesn’t seem to be having a good time lately, [...]

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Who’s Buying Bitcoin? Retail Demand Expected to Double by 2024 Halving

2020-07-01T08:25:00+00:00 July 1st, 2020|Crypto News|

The latest research from ZUBR derivatives exchange published June 29 found that participation from retail investors is increasing despite the longstanding narrative that institutional adoption would be required to propel crypto prices higher. With the recent halving being nothing more than a distant memory and Bitcoin (BTC) price lingering in the $9,100 range, the current price action is far from the post-halving surge that many retail [...]

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Bitcoin Price Stalls Below $9.2K but Data Shows Investors Are Bullish

2020-07-01T01:09:00+00:00 July 1st, 2020|Crypto News|

Earlier today Cointelegraph reported that “Bitcoin (BTC) price recorded its strongest second quarter performance in history” despite a startling crash to $3,750 on March 13. Data from Skew also shows that Bitcoin currently has a quarter-to-date return of 42.39% and the digital asset remains the top-performer for 2020 with a 27.31% return.  Macro assets year-to-date returns %. Source: SkewData from on-chain analytics provider glassnode also showed [...]

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June 2020

3 Reasons Why Bitcoin Price Recorded Its Third Best Q2 Performance Ever

2020-06-30T19:17:00+00:00 June 30th, 2020|Crypto News|

The price of Bitcoin (BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months.Researchers at Skew said:“Bitcoin is having today its third best quarterly close in its young history.”Quarterly performances of Bitcoin throughout the past 6 years. Source: SkewThree key catalysts that fueled the [...]

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Billions and Billions: How Brands Take Blockchain From Niche to Normal

2020-06-30T17:16:23+00:00 June 30th, 2020|Crypto News|

Dapper Labs – the company behind CryptoKitties – has a simple mission. They want to introduce a billion people to blockchain.“The reason we decided to go for entertainment — specifically games — is because we felt that it’s just a much easier way to introduce folks to decentralization,” explains co-founder Mik Naayem. “Gamers are the perfect target market as they already understand virtual currencies and [...]

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Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish

2020-06-29T21:29:00+00:00 June 29th, 2020|Crypto News|

Ether (ETH) options implied volatility, a measure of the expected price swings as per the options markets premium, has dropped below Bitcoin’s (BTC) for the first time ever. This could signal that investors have given up expectations of a price decoupling, or they simply expect ETH price moves to mirror Bitcoin. In the case of potential catalysts for significant price moves, implied volatility tends to move up [...]

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Investing in Blockchain Gaming: Why VCs Are Betting Big

2020-06-29T16:32:46+00:00 June 29th, 2020|Crypto News|

How healthy is the gaming industry? Fortnite thoughtfully provided a concise answer to that question on June 16th.In advance of the much-anticipated unveiling of The Device, a live event slated to occur on the game platform, slots were full half an hour early as eager gamers logged in to witness Epic’s latest twist in its flagship game.The number at which participation was capped? Twelve million [...]

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Beyond In-Game Assets: Blockchain Gaming, DAOs, Guilds, and Ragequitting

2020-06-28T16:08:07+00:00 June 28th, 2020|Crypto News|

Many of the builders and investors in the blockchain space believe that the most compelling route to attracting users to the burgeoning crypto-economy is not upending the global financial order but something with significantly lesser stakes: gaming.And this reasoning makes sense. Both video games and cryptocurrencies feature virtual economies running on a shared set of rules, with a user base that tends to be technically-savvy.In [...]

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Play2Earn: How Blockchain Can Power a Paradigm Shift in Building Game Economies

2020-06-27T16:26:54+00:00 June 27th, 2020|Crypto News|

For the past decade, the dominant business model in the gaming industry has been Free2Play. This model entails giving the game’s base experience away for free and then monetizing the player base through ads and in-app purchases, referred to as “microtransactions”. These transactions are a combination of purchasing game content, loot boxes, and currency packages. Over time, this model has become increasingly adversarial towards players, employing [...]

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Gen Z and the NFT: Redefining Ownership for Digital Natives

2020-06-26T15:53:40+00:00 June 26th, 2020|Crypto News|

Many of them, at least in the Western world, learned to swipe a screen before they learned to talk. They’ve seen their parents get rekt on the stock market, maybe more than once, and they don’t trust ‘traditional’ anything much anyway. By 2026 there will be more of them around than any other cohort — so it’s time we started paying attention to what Generation Z [...]

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Even $7.9K Bitcoin Price Won’t Help Bears Ahead of $1B Options Expiry

2020-06-25T21:35:00+00:00 June 25th, 2020|Crypto News|

This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days. There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as the market dropped below $9,000 on Wednesday night.Bitcoin (USD) versus S&P [...]

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Why Animism Gives Japanese Characters a NiFTy Head Start on the Blockchain

2020-06-25T18:29:45+00:00 June 25th, 2020|Crypto News|

Anime is for kids? Think again.As you grew older, perhaps you felt the need to “put away childish things”, as the verse from Corinthians admonishes us to do. You graduated from picture books to literature, from nursery rhymes to Nirvana, from the simple to the complex. It’s the adult thing to do.Yet anime, the cartoon-ish art form sometimes known as Japanimation, is not childish in either [...]

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