Cryptoeconomics has been defined by some as a discipline that studies rules that regulate the production, dispersion, and consumption of products in a decentralized digital economy. The fundamental principles governing Cryptoeconomics are cryptography and economics. Simply put, the combination of these two concepts is what forms Cryptoeconomics. Cryptography Cryptography is the method used in securing […]
Key Resistance levels: $4, $5, $6 Key Support Levels: $3, $2, $1 EOS/USD Price Long-term Trend: Bearish EOS traded below the resistance at $3.60. The market is heading southward as the bulls fail to trade above the $3.60 price level. The market is approaching the previous low at $2.60. There is a possibility of a […]
Explained below are a few reasons why Bitcoin is believed to be valuable. It is Recognized as a Good Store of Value (SoV) There is a rule in economics which states that an asset is valuable if it exhibits two qualities; scarcity and utility. Scarcity implies that there is a finite supply of that asset, […]
The apex bank of the US is evaluating potential risks as well as the advantages of creating a central bank digital currency. As reported by a financial correspondent on the 20th of November, Fed Chairman, Jerome Powell, has responded to a previous letter addressed to the Fed Chair by US Reps French Hill and Bill […]
Key Resistance levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Expectedly, XRP has traded to the bottom of the chart. In the previous analysis, we have indicated that the price will reach a low of $0.24. At that support, the bearish pressure may continue to the low of $0.22. […]
The Store of Value thesis purports that an item that is presently valuable will continue to be valuable in the future. SoV represents the ability of an item that isn’t a commodity of currency to sustain and even increase in value over a given period. Is Bitcoin a good SoV? Listed below are a few […]
Key Resistance levels: $220, $240, $260 Key Support Levels: $160, $140,$120 BSV/USD Long-term Trend: Bearish Bitcoin SV was in a bearish trend until the market fell to a low of $80. The price consolidated above the support at $80 for a month before the price corrected upward. The upward movement was interrupted as the bulls […]
Key Resistance levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Bearish Early in November, the bulls were making impressive moves. Firstly, the bulls broke the downtrend line to resume a bullish movement. The second impressive move was inconclusive as the bulls fail to break the resistance at $0.08. The price tested […]
The United Kingdom has joined other territories in classifying cryptocurrencies as ‘property’. This new development was reported by the Times which stated that a legal committee led by the Chancellor of the High Court, Sir Geoffrey Vos, came to an agreement that poses considerable implications for the legitimacy of cryptocurrencies and assets in the country. […]
