Devendra's Podcast

According to a survey, 50% of Africans invest in cryptocurrency to pay for their children's education

The majority of cryptocurrency owners in Nigeria, Kenya, and South Africa do so in order to offer a better future for their children. According to a recent poll, the majority of cryptocurrency investors in Kenya, Nigeria, and South Africa entered the digital asset market with long-term aims in mind, such as ensuring the well-being of their families.

Bitcoin Realized Capitalization Reached an All-Time High

Since the top cryptocurrency witnessed a huge downturn, resulting in a $10K daily loss from the $52,000 level, Bitcoin (BTC) has been in a volatile market. Nonetheless, realized capitalization has been on an increasing trend since reaching a record high. The Bitcoin fear and greed index increased from a fear zone of 20 to a neutral level of 54.

El Salvador Makes First Moves Toward Bitcoin Mining Using Volcanoes

El Salvador's president, Nayib Bukele, recently uploaded a Twitter video demonstrating the country's "initial steps" toward enabling Bitcoin mining using renewable energy. The video gave a glimpse of a new volcanic geothermal Bitcoin mining plant under construction in El Salvador, the first country to adopt Bitcoin as legal cash.

While the United States waits, Canada's Evolve launches the first multi-crypto ETF

When it comes to establishing crypto ETFs in the market, Canada's Evolve Funds Group is taking the necessary steps. Evolve introduced the country's first multi-crypto ETF on September 29. Instead of having a specific crypto-focused ETF, the objective is to diversify exposure to multiple cryptocurrencies.

Polygon momentarily surpasses Ethereum in terms of active addresses after a 330% increase

Polygon(MATIC), a layer two aggregator, has experienced a 330% increase in active addresses over the last three months. According to protocol co-founder Mihailo Bjelic, the number of daily active unique addresses on layer two aggregator Polygon has overtaken those on high-cost layer one Ethereum.

Ethereum Maintains Its Stronghold at $2,750: A Growing Case for Growth

In terms of the US Dollar, Ethereum(ETH) retested the $2,750-2,780 support zone. The price of ETH is recovering, and it needs to break through $3,000 to begin a consistent rise in the short term. After testing the $2,780 level, Ethereum began an upward correction. The price remains below $3,000 and the 100 hourly simple moving average.

For the First Time in History, Polygon (MATIC) Exceeds Ethereum's Daily Active Addresses

Polygon (MATIC), an Ethereum scalability solution and blockchain platform, has reached a significant milestone today. For the first time in history, the total number of daily active addresses on Polygon has topped the total number of daily active addresses on Ethereum.

BTC Holds Above $40,000 as Consolidation Takes Priority

Bitcoin's (BTC) price is solidly in the demand zone above $40,000, bolstered by the 100-day simple moving average. The IOMAP on-chain model reveals massive resistance and support levels, implying that BTC's consolidation will remain longer. The cryptocurrency's flagship appears to be stuck between a rock and a hard place.

Ethereum is at a critical juncture, which is why bulls may struggle

Ethereum(ETH) failed to overcome a significant barrier near $3,165 against the US dollar. The price of ETH is falling, and it is still at risk of falling below $2,800. Above $3,000, Ethereum began an upward correction, but it failed near $3,165. The price is currently trading below $3,000 and below the 100 hourly simple moving average.

JPMorgan CEO admits he is uninterested in Bitcoin but predicts a tenfold increase in the next five years

In a recent interview with the Times of India, Jamie Dimon, the CEO of JPMorgan, said that he is unconcerned about Bitcoin in response to whether the digital currency should be banned or controlled. Dimon stated that he does not understand why there is such a buzz surrounding the main digital currency, adding that people are wasting too much "time and breath" on it.

IOHK has great aspirations for Cardano, including agreements with Dish and Chainlink

Over the weekend, IOHK founder Charles Hoskinson announced a plethora of partnerships and other initiatives for the Cardano(ADA) blockchain during the Cardano Summit. Hoskinson also announced Plutus, Cardano's decentralized applications store that would curate licensed DApps for developers.

RippleX provides a $2 million grant to promote NFT solutions on the XRP Ledger

Ripple(XRP) may not be the most beloved corporation in the crypto-verse, but its resilience and willingness to develop in the face of adversity is admirable. RippleX, Ripple's branch dedicated to accelerating the development of innovations based on the XRP Ledger, has announced its first wave of XRPL grants and is fully immersed in the NFT craze.

With 100 million hodlers, India tops the list of cryptocurrency ownership

Despite recent regulatory issues, India continues to be the country with the most hodlers, with 100 million users, or 7.3% of the population. With $40.3 billion traded in the last 24 hours, the constantly high volume of Bitcoin(BTC/INR) turned over may not come as a surprise to many individuals. Much has been said about cryptocurrency acceptance and how we, as hodlers, will be on the right side of history.

From movie tickets to real estate, Dogecoin is stealing the show in the adoption game

Dogecoin(DOGE) adoption is expected to rise in 2021. The meme coin has seen some big adoptions this year. Dogecoin's use as a payment method is now at the forefront of its attempt to establish itself as a major crypto competitor. According to data, the number of retailers who take Doge as payment has increased by more than 60% in the last eight months. And has increased by more than 150% since 2020.

Despite a stagnant global cryptocurrency market, Cosmos has reached an all-time high

Cosmos (ATOM) blew up 10.74% overnight to set a new price of $39.58, according to crypto data aggregator Nomics, despite the fact that crypto's total global market cap of $2.51 trillion has barely moved in the last twenty-four hours. Cosmos broke the $40 barrier Wednesday, reaching an all-time high of $40.76.

Bitcoin will not experience a 'pity bounce' before exploding to $64,000 and higher

Following the disaster of September 7th, Bitcoin(BTC) has been steadily regaining ground on the price charts. Within two weeks, the king coin's valuation rose from $42.8k to $48k. Surprisingly, at the time of writing, Bitcoin was the only coin with a positive weekly RoI. If there isn't much drama over there in the coming days, Bitcoin's rally to pre-set highs, including $64k, should be very serene

Avalanche raises $230M following the sale of higher than 1500% returning AVAX

Avalanche(AVAX) has recorded tremendous growth, despite the market trend being increasingly bearish. The asset, at press time, was returning 1,589% to investors year-to-date after it rallied to $63.62. AVAX also registered a strong surge of almost 30% in one 24-hour window, a consequence of the latest updates to the ecosystem.

Shiba Inu Token Is Up 25% Following Coinbase Listing

Coinbase has listed Shiba Inu (SHIB) on its main exchange. The coin's price rose by approximately 25% within hours of the listing. It now has a market capitalization of $1.2 billion. SHIB is one of many similar tokens that attempted to capitalize on the success of Dogecoin earlier this year.

Cardano to the moon and beyond

Cardano(ADA) certainly makes a good case for itself. With scores of projects already in development after the Alonzo hard fork, sentiment is likely to be bullish going forward. However, ADA seemed to battle against some selling pressure at press time. ADA needs to hold above a few key areas. This would allow its indicators to take back bullish positions after selling pressure fizzles out.

Ethereum Prints Bullish Breakout, Why Dips Turn Attractive

Ethereum(ETH) was able to extend its rally above the $3,500 resistance zone against the US Dollar. ETH price is gaining pace and it might continue to rise towards the $3,800 level. Ethereum started a steady increase above the $3,500 and $3,550 resistance levels. The pair is correcting gains, but dips could be limited below $3,450 in the near term.

As BTC Surges Past $48,000, Bitcoin Whales Playing Pump and Dump

As per data from Santiment, Bitcoin’s(BTC) millionaire-tier whale addresses holding between 100 to 10K Bitcoin dumped their BTC holdings during September 6-7. As the BTC price tanked nearly 15% under $45,000 followed by retail profit booking, these whales purchased the BTC back again.

Polkadot is en route to a new all-time high even after a 256% rally

The recent 256% recovery by Polkadot (DOT) over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin's $39 billion market capitalization has outperformed Ether (ETH) by 66% over the past thirty days.

The price of Elrond (EGLD) is hitting new daily highs

An expanding ecosystem and the full launch of Elrond’s DeFi capabilities back EGLD’s rally above $300. EGLD's surge includes the full release of the protocol's Maiar exchange, the altcoin's listing on KuCoin, and a string of partnerships and integrations that expand the Elrond ecosystem.

Ethereum Must Clear $3,400 For Hopes of a Fresh Increase

Ethereum(ETH) is facing a major resistance near $3,400 against the US Dollar. ETH price could start afresh decline if it fails to clear the $3,400 resistance zone. Ethereum extended its decline below the $3,250 and $3,200 levels. The price is now trading well below $3,400 and the 100 hourly simple moving average.

El Salvador reportedly grants tax exemptions for Bitcoin (BTC) investors

In a move aimed towards attracting investors, authorities in El Salvador are reportedly set to exempt them from all forms of capital gains and income tax related to Bitcoin. Indications regarding this move began to gain wave following an announcement by one of the country’s Presidential Legal Counsel. 

BTC Upside Remains Highly Vulnerable At $47,000

Bitcoin(BTC) price bounced off a weekly low at $43,437, but the upside potential above $45,000 is shaky. Following a massive crash last week, Bitcoin extended the bearish leg below $46,000 on Monday, whereby a low was traded at $43,437 (data by Coinbase). Shortly after, a minor recovery came into the picture, allowing bulls to regain control during the Asian session on Tuesday.