Market Analysis news

Cardano ADA/USD is a proof-of-stake blockchain platform and open-source project founded back in 2017 that has climbed up the ladder and is currently ranked as the third-largest cryptocurrency token in market capitalization. As such, it is no wonder that it has numerous developments set to occur in the near…

Wall Street’s three main indexes ended higher last week after the U.S. central bank reported on Wednesday it could begin reducing its monthly bond purchases by as soon as November 2021. Fed Chair Jerome Powell said that interest rates could rise quicker than expected, and though monetary tightening is usually…

Enjin ENJ/USD has weakened from $1.77 to $1.18 in less than several days, and the current price stands around $1.33. Fundamental analysis: Millions of people already use Enjin’s products Enjin Network was established by Witek Radomski and Maxim Blagov in the 2009 year. At first, it was a community…

General Mills, Inc. (NYSE: GIS) shares have advanced again above $60 resistance after the company reported better than expected first fiscal quarter results last week, while the company’s management remains very optimistic about the upcoming quarters in terms of growth. Fundamental analysis: Evercore ISI assigned a $65 price target…

The cryptocurrency market continues to be under pressure, Bitcoin has stabilized above $42000, but the risk of another decline is still not over. This situation also negatively influences the price of Filecoin FIL/USD, Tezos XTZ/USD, and Cosmos ATOM/USD, and traders should be very careful when opening their…

Silver extended its correction from the recent highs above $24, and we could see even lower prices in the weeks ahead if the U.S. dollar remains strong. The demand for the dollar continues to grow, although it remained below its weekly high of 0.86 compared to the euro. Fundamental analysis:…

Chevron Corporation (NYSE: CVX) shares have advanced more than  5% in the last five days and closed the week above $100. Chevron continues to improve its position in the market, but J.P. Morgan downgraded CVX shares recently and assigned a neutral rating. Fundamental analysis: Chevron will invest more than…

Cummins Inc (NYSE: CMI) shares didn’t perform well last several weeks as the company continues to face significant constraints in the supply chain. Fundamental analysis: Cummins continues to face significant constraints in the supply chain Cummins is an American multinational corporation that manufactures and distributes engines, filtration, and power…

CELO/USD continues to trade above $7 support, but probably it is not the best moment to buy this cryptocurrency. The cryptocurrency market remains under pressure this Friday, and if Bitcoin falls again below the $40000 support, it would add further pressure to the whole cryptocurrency market. Fundamental analysis: Celo dedicates…

The Solana protocol SOL/USD has been specifically designed to facilitate decentralized application (dApp) creation. It aims to improve scalability through the introduction of a proof-of-history (PoH) consensus combined with underlying Proof-of-Stake (PoS). Solana Developments as a catalyst for growth  On September 22, the Solana-Powered decentralized finance (DeFi) platform…

PancakeSwap CAKE/USD has weakened from $24 below $18 since the beginning of September 2021, and the current price stands around $20. The fundamentals of this cryptocurrency continue to improve; still, PancakeSwap has decided to delay the “Pancake Squad project” by several days. Fundamental analysis: PancakeSwap has much lower transaction…

Internet Computer ICP/USD  is a blockchain-based decentralized network developed to provide a solid environment for smart contracts and other decentralized applications to run at web speed, launched by the Swiss-based cryptography foundation DFINITY. The Bitcoin Smart Contract implementation as a catalyst for growth On September 16, DFINITY Foundation…

Polkadex PDEX/USD is a fully decentralized peer-to-peer order book-based cryptocurrency exchange for the decentralized finance (DeFi) ecosystem.  It is known for providing a high level of security, lightning-fast speed, advanced features such as high-frequency trading and trading bots, zero gas fees, and decentralized KYC. The Polkadex mainnet launch as…

Starbucks Corporation (NASDAQ: SBUX) shares have weakened from their record highs above $126, registered in July 2021, and the current price stands around $113. Starbucks reported better than expected third-quarter results, but the company currently faces potential risks mainly due to inflation and covid concerns. Fundamental analysis: J.P.Morgan sees…

FTX Token FTT/USD is the native cryptocurrency token used by the crypto derivatives trading platform FTX, which originally launched on May 8 of 2019. The expansion in two new jurisdictions as a catalyst for growth On September 6, FTX announced the launch of its NFT marketplace. On…

Tron TRX/USD is a blockchain founded by Justin Sun in 2017. CoinPayments is the global crypto payment gateway company, which has just added an upgrade to this system. The TRC-20 token support as a catalyst for growth On August 31, Justin Sun Tweeted that he bought Tpunk #3442…

Ethereum ETH/USD is and has been the second-largest cryptocurrency token in terms of market cap. However, it has built an entire ecosystem around it due to its smart contract functionalities, where numerous developers have built decentralized applications (dApps) as well as Layer-2 Scaling solutions on top of Ethereum. The…

Ariva ARV/USD was produced for active use in global and local tourism and travel network, and is a worldwide B2C travel and tourism network that allows members to meet with global and local tourism services based on the experiences of the previous travelers. Troy Trade TROY/USD is a…

The cryptocurrency market has shed billions of dollars this Monday, Bitcoin went below $43000 for a moment, and the risk of further declines is still not over. This situation also negatively influences the price of Thorchain RUNE/USD, and in less than several hours, this crypto has weakened from $10…

Bitcoin BTC/USD has been the go-to cryptocurrency for many people because it was, is, and for the foreseeable future, will remain on the #1 spot. It introduced the world to cryptocurrencies and paved the way for other altcoins. Increased Bitcoin adoption by the mainstream as a catalyst for growth…

Wall Street’s three main indexes ended sharply lower on Friday as investors have started to behave nervously amid concerns around tax hikes and possible shifts in the U.S. Federal Reserve’s timeline for tapering asset purchases. Democrats want to raise the tax rate on corporations to 26.5% from the current 21%,…

Kellogg Company (NYSE: K) shares continue to trade above strong support that stands at $60 while the company’s management sees potential risks for the upcoming quarters mainly due to inflation together with covid concerns. Fundamental analysis: Kellogg Company announced a plan to reorganize its supply chain network Kellogg Company…