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Ripple (XRP) broke and closed above the overhead resistance at $1.24 on Nov. 8, signaling that bulls are attempting a comeback. The bears tried to pull the price back below $1.24 but failed to sustain the lower levels.
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In the last 24 hours, Bitcoin has gained around 3 percent and is trading above $67,000. The crypto has added over 10 percent in the past week.
From the perspective of technical analysis, profit-taking near all-time highs and the need for a retest of lower support levels are normal processes for most cryptocurrencies. In fact, a quick glance over discussions by many analysts and traders on Twitter shows that most expected BTC to revisit lower support levels at $64,000 and below before recapturing bullish momentum and moving higher.
Billed as the main rival to Bitcoin, Ethereum’s rise has been nothing short of spectacular. You’ll find all the Ethereum news and guides you’ll ever need right here…
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"Nevertheless, with central banks likely to begin raising rates and tapering its stimulus package, investors are looking for a store of value that is perhaps less susceptible to these changes.
If an investor believes in the technology-backed digital currency, then cryptocurrency should be his cup of tea. Just a decade-old asset class, it has yielded astronomical returns over the years. Some investors look to use these digitally coded tokens to hedge against inflation. Despite high volatility and speculations, there are multiple reasons that they can become mainstream in the coming future.
Re-imagined NFT Lending Services: Other classes of attractive services offered by the platform are related to NFTs. NFTs represent unique digital assets such as digital artworks, trading cards, image files, video clips, property assets, etc. These digital assets are traded on a unique platform called the NFT marketplace. The EverGrow platform aims to develop one of the largest BSC-based NFT marketplaces in the world. Users will create new NFTs, sell and buy their NFTs securely and economically on this marketplace.
The cryptocurrency’s price began to surge on Sunday night (7 November) as investors pumped the price from $62,319.98 at 8pm to $66,101.46 by 10am on Monday morning.
One of the key principles of smart investing is: Never invest in anything you don't understand.
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Crypto coins use the process of mining and the resulting blockchain as a physical measure of the currency. This is similar to how Reserve Banks used to have gold reserves that backed their fiat currencies.
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Now that you're familiar with the basics of both Binance and Binance.US, let’s cover some specific topics that you’re interested in.
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