Cardano ADA

$0.0617
Market Cap $ 1.599 Bn (#8)
24h Volume $ 68.641 MM
Chg. 24h: -15.66%
Algo. score 4.2/5  (#21)
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Cardano News

Crypto Price Watch: Bitcoin (BTC) Plummets to Annual Low While Other Top Altcoins Also Face Market Heat

The past 24 hours have been rollercoaster of sorts for the crypto market, with the price of the world’s premier digital currency, Bitcoin, dropping by more than 10% late Wednesday afternoon. As a consequence of this, BTC was seen stooping to its 2017 low of $5,312 before gradually recovering (a little) and settling around the 5,742 mark (at press time). It is also worth noting that this fresh plunge comes right after it seemed as though Bitcoin had finally found some long-term market stability, with the digital asset even experiencing its lowest levels of monetary flux in nearly 16 months. After touching a mammoth price point of $20,000 late last year, many experts had predicted that Bitcoin would rise to over $50,000 by the end of 2018. However, as things stand, it appears as though matters are only going to get worse for the alt-coin sector moving forward. Ethereum (ETH) and Other Top Cryptos Also See Red In wake of this latest bear attack, we can see that both XRP and Ethereum are now once again looking to fight for the second spot in terms of overall market capitalization— with Ethereum’s market cap currently pegged around the $18.5 Bln threshold while XRP’s cap lays close to $18.2B. It is also worth noting that since yesterday afternoon, Ether and XRP have lost more than 13%, 10% of their respective values. Some of the other major casualties of this ongoing slump include: Bitcoin Cash (BCH): -18.40% Stellar (XLM): -10.30% EOS: -11.93% Litecoin (LTC): -13.29% Cardano (ADA): -14.64% Monero (XMR): -13.42% Lastly, it is worth mentioning that out of all the top 10 altcoins in the market, Tether (USDT) has been the only currency to stay in the green as well as witness a small gain in its intrinsic value (+0.04%). What’s Causing This Mayhem? While no one reason can be directly attributed to this present market freefall, it is being said that the ongoing ‘crypto civil war’ taking place between the backers of Bitcoin ABC and Bitcoin SV seems to be having an overall negative effect on the alt-asset investment community at large. For those not aware of the ongoing Bitcoin Cash saga, the premier currency is all set to undergo a hard fork— something that has left the BCH community divided, to say the least. Final Take While many had expected to see Ether’s value drop in the coming few days (since it was reported that a whale had recently shipped around 45,000 ETH tokens to a Binance wallet yesterday), this latest plunge has been confounding to say the least. All we can do now is to hope for the best and see how the coming few days and weeks play out for the alt-asset market. The post Crypto Price Watch: Bitcoin (BTC) Plummets to Annual Low While Other Top Altcoins Also Face Market Heat appeared first on NullTX.

2 hours ago

Cardano [ADA/USD] Technical Analysis: Bear is still king of the market

Cardano [ADA], the eighth-largest cryptocurrency by market cap, took the path down the hill along with all the top 10 coins in the market. The coin has bled more than 10% in the past seven days, hitting the list of the biggest losers. According to CoinMarketCap, at press time, Cardano was trading at $0.071, with a market cap of over $1 billion. The coin had a trade volume of $23 million and had plunged by more than 5.30% in the past 24 hours. 1-hour: Cardano [ADA] one-hour price chart | Source: CoinMarketCapIn the one-hour chart, the coin showed a downtrend from $0.0824 to $0.0771 and further plunged to $0.0746. It has an uptrend from $0.0751 to $0.0759. The seventh-biggest cryptocurrency pictured an immediate resistance at $0.0746 and a strong resistance at $0.0776. The chart demonstrates that the coin has a strong support level at $0.0716 Parabolic SAR was on the bear’s side of the table as the dots had aligned above the candlesticks. Bollinger Bands were moving away from each other, making more space in the room, depicting that the market is going to be volatile from here on. The Chaikin Money Flow indicator was also seated next to the bear, as the line was below the 0-mark, showing that the money is out of the market. Nonetheless, it is trying to shift to the bull’s side as the line is slowing going in the upward direction. 1-day: Cardano [ADA] one-day price chart | Source: Trading ViewThe one-day chart depicted a downward trend from $1,727 to $0.0768 and an upward trend from $0.0634 to $0.0700. The cryptocurrency has an immediate resistance at $0.0817. Succeeding which, the bull will have to defeat the strong resistance, which is set at $0.1105, in order to occupy the main seat of the table. The bull will first be supported by $0.0699 price level. It also has a strong support at $0.0634 level. The MACD indicator showed that it could take a seat next to the bear, as the lines were converging with the moving average choosing the downtrend. RSI indicator depicted that the buying pressure and the selling pressure of the cryptocurrency are currently evened out. Klinger Oscillator had made its decision and sat on the bear’s side of the table as the reading line was well below the signal line. Conclusion The cryptocurrency seems to have given the main seat of the table to the bear, as the majority of the indicators chose to support the winter animal. This includes Klinger Oscillator and MACD from the one-day chart and Parabolic SAR and CMF from the one-hour chart. The post Cardano [ADA/USD] Technical Analysis: Bear is still king of the market appeared first on AMBCrypto.

8 hours ago

Queda Bitcoin: Menor preço do ano. Possíveis motivos

Por: Livecoins O Bitcoin caiu para o menor valor do ano nesta quarta-feira (14), rompendo o nível de suporte de US $ 6.000 e causando uma onda de vendas na moeda digital e outras criptomoedas no que tem sido uma queda prolongada no mercado que começou no início deste ano. A principal criptomoeda do mercado já perdeu 12% de valor e atualmente está sendo negociada por US $ 5480,09 de acordo com dados do Coinlib. Bitcoin em queda, 14/09. Imagem: Coinlib A queda do Bitcoin afetou outras criptomoedas. Ethereum, a segunda maior do mercado, caiu para o menor valor dos últimos dois meses: 15%, sendo negociada agora por US $ 172,41. Os principais ativos digitais do mercado como XRP, Stellar, EOS, Litecoin e Cardano estão acumulando baixas de 15% a 18%. O colapso das criptomoedas desta quarta-feira empurrou a capitalização de mercado para menos de US $ 176 bilhões pela primeira vez desde meados de setembro, de acordo com dados do coinlib. Principais criptomoedas em queda, 14/09. Imagem: Coinlib Motivos da queda do Bitcoin Alguns especialistas do mercado sugerem que o hard fork do Bitcoin Cash que acontecerá amanhã, ou, em termos menos técnicos, a divisão do bitcoin cash - outra criptomoeda baseada no bitcoin - em duas criptomoedas diferentes, é um dos motivos que causou a volatilidade. Especialistas do RadarBTC levantaram alguns dados que podem estar causando a queda do Bitcoin, entre elas, a Binance, maior corretora de criptomoedas do mundo ficar fora do ar para manutenção no início do dia, inflação de algumas altcoins e outros motivos. A equipe do RadarBTC ressaltou que “apontar um único motivo é irrelevante.” Análise Radar BTC. Imagem: Reprodução Radar BTC. Clique na imagem para ampliar Outros especialistas acreditam que a queda é motivada pelo vencimento de contratos futuros do Bitcoin que você pode ver aqui. No geral, a maioria dos analistas afirmam que as perspectivas para o bitcoin permanecem incertas, com previsões de longo prazo dependentes da moeda virtual se tornar uma reserva de valor confiável ou um mecanismo de pagamento viável. Aproximadamente US $ 34 bilhões foram eliminados da capitalização total de mercado das criptomoedas. O valor atual de US $176 bilhões é assustador para alguns, mas para outros é uma oportunidade de compra. Há sinais crescentes de maior participação institucional no bitcoin, como o aumento da demanda por um fundo negociado em corretoras e aumento do volume de contratos futuros de bitcoin, disseram analistas. Mas eles observaram que a participação real permanece baixa entre os investidores institucionais e de varejo. Não é primeira vez que o Bitcoin perde tanto valor em um único dia. Em 2014 a moeda perdeu 58% em valor de mercado mas se recuperou em 35% no ano seguinte e mais 1700% nos outros dois anos até 2017. É difícil prever o que vai acontecer de agora em diante, e é possível perceber um efeito de pânico nas pessoas que estão abandonando suas posições e vendendo bitcoin a preço de banana. Se por um lado é ruim, quem estava esperando uma baixa pra comprar está aproveitando e comprando Bitcoin em promoção. Blackfriday antecipado. Com informações da AFR , RadarBTC, CryptoNewsreviews e Nasdaq O artigo Queda Bitcoin: Menor preço do ano. Possíveis motivos apareceu primeiro em Livecoins.

9 hours ago

Bitcoin cai para o menor preço do ano. Possíveis motivos

Por: Livecoins O Bitcoin caiu para o menor valor do ano nesta quarta-feira (14), rompendo o nível de suporte de US $ 6.000 e causando uma onda de vendas na moeda digital e outras criptomoedas no que tem sido uma queda prolongada no mercado que começou no início deste ano. A principal criptomoeda do mercado já perdeu 12% de valor e atualmente está sendo negociada por US $ 5480,09 de acordo com dados da Coinlib. Bitcoin em queda, 14/09. Imagem: Coinlib A queda do Bitcoin afetou outras criptomoedas. Ethereum, a segunda maior do mercado, caiu para o menor valor dos últimos dois meses: 15%, sendo negociada agora por US $ 172,41. Os principais ativos digitais do mercado como XRP, Stellar, EOS, Litecoin e Cardano estão acumulando baixas de 15% a 18%. O colapso das criptomoedas desta quarta-feira empurrou a capitalização de mercado para menos de US $ 176 bilhões pela primeira vez desde meados de setembro, de acordo com dados do coinlib. Principais criptomoedas em queda, 14/09. Imagem: Coinlib Motivos da queda do Bitcoin Alguns especialistas do mercado sugerem que o hard fork do Bitcoin Cash que acontecerá amanhã, ou, em termos menos técnicos, a divisão do bitcoin cash - outra criptomoeda baseada no bitcoin - em duas criptomoedas diferentes, é um dos motivos que causou a volatilidade. Especialistas do RadarBTC levantaram alguns dados que podem estar causando a queda do Bitcoin, entre elas, a Binance, maior corretora de criptomoedas do mundo ficar fora do ar para manutenção no inicio do dia, inflação de algumas altcoins e outros motivos. A equipe do RadarBTC ressaltou que “apontar um único motivo é irrelevante.” Análise Radar BTC. Imagem: Reprodução Radar BTC. Clique na imagem para ampliar Outros especialistas acreditam que a queda é motivada pelo vencimento de contratos futuros do Bitcoin que você pode ver aqui. No geral, a maioria dos analistas afirmam que as perspectivas para o bitcoin permanecem incertas, com previsões de longo prazo dependentes da moeda virtual se tornar uma reserva de valor confiável ou um mecanismo de pagamento viável. Aproximadamente US $ 34 bilhões foram eliminados da capitalização total de mercado das criptomoedas. O valor atual de US $176 bilhões é assustador pra uns, mas pra outros é uma oportunidade de compra. Há sinais crescentes de maior participação institucional no bitcoin, como o aumento da demanda por um fundo negociado em corretoras e aumento do volume de contratos futuros de bitcoin, disseram analistas. Mas eles observaram que a participação real permanece baixa entre os investidores institucionais e de varejo. Não é primeira vez que o Bitcoin perde tanto valor em um único dia. Em 2014 a moeda perdeu 58% em valor de mercado mas se recuperou em 35% no ano seguinte e mais 1700% nos outros dois anos até 2017. É difícil prever o que vai acontecer de agora em diante, e é possível perceber um efeito de pânico nas pessoas que estão abandonando suas posições e vendendo bitcoin a preço de banana. Se por um lado é ruim, quem estava esperando uma baixa pra comprar está aproveitando e comprando Bitcoin em promoção. Blackfriday antecipado. Com informações da AFR , RadarBTC, CryptoNewsreviews e Nasdaq O artigo Bitcoin cai para o menor preço do ano. Possíveis motivos apareceu primeiro em Livecoins.

10 hours ago

Daily Cryptocurrency News - 14th November 2018

Here are the latest cryptocurrency news of 14th November 2018: Bitcoin Reach New Transaction Record For The Past 10 Months & Lighting Network Pass 4,000 Nodes The bear market is still here. However, this doesn’t stop Bitcoin being used more and more on a daily basis. The bitcoin network reached almost 500,000 transaction per day as a record in December 2017, during the bull run. Since then, the transactions per day were steady - mostly below 300,00.On 12th November 2018, the bitcoin network passed the 300,000 mark again. This is the first time the number of transactions exceed 300,000 since January 2018. The increase in transactions can be related to two things: Bitcoin is getting more and more users - The network is getting more and more users. The people that wanted to buy in 2017 but it was too expensive have the opportunity to buy again now. Or, they already bought and they’re testing the network to see what’s the big deal with this decentralized way of payments. The last bull run was a year ago - The latest bull run started in this period in 2017. This might lead a couple of investors that think the history might repeat itself. Moreover, even if the price had a decline over the past days - people are expecting a bullish December - like in 2017. While the transaction level went above 300,000 per day, the fees are relatively low. Yesterday, 18 BTC were paid to the miners for 300,000 transaction. Therefore, the average transaction cost $0.37 USD. For people that are sending $10 worth of BTC - these are not great news as the fees are about 3%. But for people that send bigger amounts, this is fairly good. In addition, the Lighting Network passed 4,000 nodes reaching to an all-time high capacity. On November 13th, the Lighting Network had a total of 4,026 nodes - with 2,910 public ones. The capacity of the mainnet network now reached a 112.5 BTC amount, a small decrease since Tuesday’s 118 BTC. Another interesting factor is the portrait of Hal Finney made of real USD. Someone ripped and glued the bills on a paiting and displayed it on the Paris Crypto art show in Septeber 2018 - called ” Who’s Satoshi?”. The payting was made by @pascalboyart. More details on Reddit Bitcoin.de Cryptocurrency Exchange Purchased 100% Stake in Investment Bank The group behind Bitcoin.de - Bitcoin Group SE - recently acquired 100% of the investment bank Tremmel Wertpapierhandelsbank GmbH. The news were reported by de.Cointelegraph.com on November 13th. Bitcoin Group SE decided to purchase the investment bank to use its banking license in order to increase the offerings for the Germany audience. They mainly plan to increase the ATMs for cryptocurrencies in Germany, as they declared: “issue its own cryptocurrency products, carry out proprietary trading in cryptocurrencies, and operate cryptocurrency ATMs is now available under the securities service provider’s banking license.” The price that Bitcoin Group SE paid was ”in the lower seven-digit euro range”, according to CoinTelegraph. These news can massively help the adoption of cryptocurrency in Germany - as the country recently got its first Bitcoin ATM in a Munich gambling hall. Ethereum Mining With GPUs - No Longer Profitable According to a post by CNBC, mining Ethereum is no longer profitable since 2018, November 1st. The analysis was made by Susquehanna which take into consideration the bear market and the decline in hashrate. Even if the profit in July 2017 reached a peak of $147 profit for GPU miners and the asset was trading around $175, right now its just not worth it. The second reason beside the drop in price is the decline of the Ethereum hasrate. A higher hashrate is better for miners, as the chance of computing the next block and earning ETH is increased. Image Source: CNBC According to the analysis, using Nvidia’s flagship GPU card is no longer profitable - as Nvidia stocks decrease in August due to the cryptocurrency bear market. The analysis also claims that the Nvidia’s crypto-derived revenue is decreasing by $100 million quarter by quarter and would soon be “close to zero” : “We estimate very little revenue from crypto-related GPU sales in the quarter, consistent with management’s prior commentary that they were including no contribution from crypto in their C3Q18 outlook.” The news are not so bad for Ethereum holders, as Vitalik is working to launch the Ethereum 2.0 which will work mostly on a proof-of-stake protocol. The good part is, a 51% attack on the Ethereum network is still pretty costly - as an attacker would need to spend $142,705 per hour to attack the network, according to Crypto51. Ripple’s Next Plans - Overtake the Swift Banking Network If it would have been about another cryptocurrency and not Ripple, we might have taken this as a joke. But, even if we’re talking about a non-mined centralized cryptocurrency that is working with financial institutions, we have to agree that Ripple’s use-case is among the best in the cryptocurrency industr

10 hours ago

Cardano Price Analysis: ADA/USD Could Extend Declines To $0.072

Key Highlights ADA price failed to stay above the $0.0760 support and extended losses against the US Dollar (tethered). There was a break below a key bullish trend line with support at $0.0760 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move down towards the $0.0730 or $0.0720 support. Cardano price is slowly moving lower against the US Dollar and Bitcoin. ADA/USD could accelerate declines towards the $0.0720 support in the near term. Cardano Price Analysis Recently, cardano price settled below the $0.0800 support level against the US Dollar. It resulted in a fresh decline and the ADA/USD pair declined below the $0.0780 support and the 100 hourly simple moving average. During the decline, the price traded below the 50% Fibonacci retracement level of the last major wave from the $0.0703 low to $0.0820 high. More importantly, there was a break below a key bullish trend line with support at $0.0760 on the hourly chart of the ADA/USD pair. The pair settled below the $0.0760 support, which is a short term bearish sign. The next support is near the $0.0730 level. It represents the 76.4% Fibonacci retracement level of the last major wave from the $0.0703 low to $0.0820 high. Below $0.0730, the price will most likely decline towards the $0.0720 support area. If there is an upside correction, the $0.0760 level and the 100 hourly SMA are likely to act as hurdles. Above the $0.0760 resistance, the price may resume its upward move. The chart indicates that ADA price moved into a short term bearish zone below the $0.0760 support and the 100 hourly SMA. If buyers struggle to push the price back above $0.0760 and $0.0762, there could be more losses towards $0.0720. Hourly MACD - The MACD for ADA/USD is placed heavily in the bearish zone. Hourly RSI - The RSI for ADA/USD is currently attempting a recovery from the 30 level. Major Support Level - $0.0720 Major Resistance Level - $0.0762 Cardano Price Analysis: ADA/USD Could Extend Declines To $0.072 was last modified: November 14th, 2018 by Aayush JindalThe post Cardano Price Analysis: ADA/USD Could Extend Declines To $0.072 appeared first on NewsBTC.

11 hours ago

Cardano (ADA) Price Analysis: Currency Could Fall Below $0.07

ADA/USD Price Medium-term Trend: Ranging Supply Zones: $0.078, $0.082, $0.088 Demand Zones: $0.073, $0.069, $0.054 ADA is ranging on the 4-Hour chart. The cryptocurrency reached the high price of $0.082 last week, the bulls lost the pressure and could not push the ADA price to break the supply zone of $0.082. the bears took over the market with the formation of Doji candle at the supply zone followed by bearish candles as a confirmation of bears’ pressure. Further increase of the bears’ pressure broke the last week demand zone of $0.078 downside that led to consolidation. The price has formed a “Descending Triangle “ pattern within the 4-Hour chart. The 21-day EMA and the 50-day EMA are closely interlocked as a confirmation of the ranging market up. ADA price is trading below the 21-day EMA and the 50-day EMA which indicate the bears’ pressure. In case the bears gain enough momentum, the coin will break out of the lower trend line (support level of $0.073) of the triangle, and it will expose the demand level of $0.06. At the same time, should the bulls defend demand zone of $0.073 and break out the upper trend line of the triangle then ADA price will experience an increase that may break the supply level of $0.078 and expose the $0.082 price level. As a recommendation, traders should wait for breaking out before placing a trade. ADA/USD Short-term Trend: Ranging The cryptocurrency is also ranging on the short-term outlook. The formation of the descending triangle pattern is an evidence of consolidation in the ADA market. It is high momentum from the bulls or bears that will bring the ADA price from the triangle and make the market to trend. The price is below the 21-day EMA and 50-day EMA with the MACD below the zero level which connotes the bears’ pressure. The post Cardano (ADA) Price Analysis: Currency Could Fall Below $0.07 appeared first on ZyCrypto.

11 hours ago

Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon?

Are bearish markets real? Do they affect many cryptocurrencies at the same time? Yes. Yesterday, the bearish market was highly pronounced, unexpectedly hitting down all top 28 cryptocurrencies, yes 28. In a straight bearish movement, tokens from Bitcoin downwards closed with significant losses, BAT and Maker managed to dodge the bullets for split seconds and fell right back. Out of all top 100 cryptocurrencies according to data from coinmarketcap, only 18 tokens attained gains for a short while in the last 24hrs. While the bearish market hit the Ethereum for two days, Bitcoin surprised traders yesterday and almost fell below the $6,300 level for the second time in November. Trading volume fell by 0.30%, Market cap totaled at $110.67 B. Ethereum’s trading price struggled to maintain stability, leaving traders highly skeptical as it staggers to strengthen its grip on a $207.56 per Ether but is likely to lose momentum and possibly make a comeback from the $150 to $190 resistance level. Ripple’s outstanding performance yesterday was short lived as the token has now lost over 2.09% and cornered at $0.510597 for a short period of time. As of the time of writing Ripple is still shedding trading price as losses for today have already risen up to 1.71%. Stellar, Litecoin, Cardano, Tron and EOS are not exempted from this crisis, the tokens have pushed and pulled but repeatedly failed to break out of their nearest resistance level. Stellar has descended the most with a loss of 4.07%, following the same suit, Tron has also gone down by 2.32%. Meanwhile, Bitcoin Cash has surprisingly managed to navigate through the bearish market with slight gains ahead of its upcoming hard fork. BCH skyrocketed to an all-time daily high of $532.58, nearly breaking resistance to hold up at $600. As of this writing, BCH has amassed gains of 1.42% with a trading price of $515.31. The post Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon? appeared first on ZyCrypto.

11 hours ago

Crypto Market Bull Run Stymied By Lack Of Momentum

The crypto market is down again today. A sea of red would have once caused much deliberating and worry. Pundits would preach why the market is down. A couple would even toss knuckle-bones in the air to predict the returning bull market. But cryptocurrency has long faced up to the new reality. It no longer points upwards; prices stay where they are. A possible bull breakout failed to materialize last week and the crypto market is back on a downward trajectory. Crypto’s total value fell by approximately $15bn, over the past seven days; taking it from around $220bn to $205bn. The recent correction takes the market back down to the same sort of price levels it started the month at. Bitcoin dominance has steadily started to creep upwards again - up by nearly 2% - suggesting traders are moving back into less-risky assets to preserve value. All coins in the top-ten, excluding Tether (USDT), are down today. Ether (ETH) is down by 3.5%; XRP by 4.5% and 3.3%. Bitcoin (BTC) is down by less just over 1%. Among the coins most affected are Cardano (ADA), with a 5.6% drop, and Bitcoin Cash (BCH), which has seen prices fall by nearly 10% drop in the past 24 hours. This is less surprising, considering both projects have been in the news recently. Michael Parsons has recently resigned as head of the Cardano Foundation, and Bitcoin Cash has the controversial hard fork tomorrow. Market sentiment was already down; added uncertainty caused by recent developments in both projects would only further lead more investors away, at least until the dust has settled. Why is there still no crypto market bull run? So where did anticipated bull breakout go? It simply didn’t arrive - at least, not yet. A source at an institutional trading platform suggested that although the crypto market was poised for a successful bull run last week, there was simply not enough upwards drive for it to gain sufficient momentum. “The bull run seems less likely than it did a week ago. We failed to get the strong upside breakout we were hoping for,” he said. Others suggest the market failed to hold onto its gains because the market lacked utility. James Roy Poulter, CEO of The Reserve, a London-based investment bank, argued prices were fated to come back down because none of the assets properly work yet. “The market remains subdued due to a broad realization that cryptocurrencies still lack real-world use cases and are not ready for mainstream adoption,” he said. For the time being, at least, the crypto market has reverted back to levels traders have become familiar with since the start of September. Crypto Briefing has already suggested that this might constitute an accepted floor price for many of the most popular assets. There are benefits to this. It brings about stability and acts as a guide rail for traders and investors alike to assess the short-term prospects of the asset in question. Both momentum and utility feed into one another. Until projects develop and start becoming experiencing mass-adoption, coins will continue to have little more than a speculative value. Prices will continue to oscillate, but something needs to change if increases are to become permanent. The author is invested in BTC and ETH, which are mentioned in this article. The post Crypto Market Bull Run Stymied By Lack Of Momentum appeared first on Crypto Briefing.

11 hours ago

Bitcoin Bears to Persist Longer, XRP, Stellar, Bitcoin Cash, Cardano & BAT Loses the Most among the Top Altcoins

Down by 1.37%, Bitcoin is trading at $6,273 while crypto analyst Willy Woo says, “timing for a bottom may be around Q2 2019.” Majority of the crypto market is in the red and wiped out about $7 billion from the total market cap. Among the top altcoins, Bitcoin Cash (BCH), XRP, Stellar (XLM), Cardano (ADA), and BAT are losing most of their values. Bitcoin Bears to be in Effect Till Mid of Next Year The majority of the crypto market is in the red right now. The leading cryptocurrency has been trading at $6,273 with the 24-hours loss of 1.34 percent. With a market cap of $109 billion, it has been managing the daily trading volume of $4.5 billion. Source: Coinmarketcap.com Bitcoin is trading below the $6,275 support level against USD. In the near term, BTC faces the risk of more losses below $6,250 support level. Meanwhile, crypto analyst Willy Woo shares on Twitter that Bitcoin will remain bearish till the mid of next year, “Putting together the blockchain view, I suspect the timing for a bottom may be around Q2 2019. After that we start the true accumulation band, only after that, do we start a long grind upwards.” He shared an elaborate thread to discuss this scenario: So 30% think the bottom is in, 40% think more bear, and 30% are undecided. People asked what I think. To me nothing has really changed, apart from some sideways nail biting. I’ll repeat with updates... https://t.co/hhmyWXUoCF — Willy Woo (@woonomic) November 13, 2018 Crypto Market in Red Today The situation of top 5 cryptocurrencies is shown in the below-given graph: Source: Coinarketcap.com When it comes to top altcoins, Bitcoin Cash (BCH) has lost most of its value by almost 9 percent in the past 24-hours at $475. This digital currency saw a huge surge last week on the news of its upcoming hard fork on November 15. XRP is another top altcoin that is losing close to 5 percent while dropping below its crucial $0.50 price level. Despite a number of positive news in the form of Ripple CEO, Brad Garlinghouse talking about taking over SWIFT and that some of the largest banks using SWIFT are working with Ripple, XRP is falling in tandem with the crypto market. After kicking out EOS from the 5th spot, Stellar (XLM) is in the red by 6.21 percent at $0.2485. Meanwhile, Cardano (ADA) is down by 5.80% as the chair of the Foundation resigns, “Michael Parsons, Chairman of the Foundation Council of the Cardano Foundation, has resigned with immediate effect. Pascal Schmid, Council Member, will take over as Chairman of the Foundation Council on an interim basis. The Foundation is working to supplement the Foundation Council with suitable persons as soon as possible.” In the red by 11.15%, Basic Attention Token (BAT) has come down from its high. Meanwhile, the highest losses are borne by WAX at almost 20%. When it comes to gains, Sirin Labs Token (SRN) is registering the highest greens by 12.56%. Tether (USDT) is also in the green by 0.33% but still below $1 at $0.989. This has resulted in the loss of about $7 billion in the total market cap. The post Bitcoin Bears to Persist Longer, XRP, Stellar, Bitcoin Cash, Cardano & BAT Loses the Most among the Top Altcoins appeared first on Coingape.

11 hours ago

Altcoins Tank 10%, Bitcoin 4% in Surprise Rout Amid Stable Period

Cryptocurrency prices have taken a tumble today in what appears to be sudden rout highlighted by an afternoon selloff across the board, surprising traders getting used to weeks of relative stability in prices. As of 5.20 pm GMT on 14 November, Ripple posted the biggest daily loss in the Top 10, shedding 15% of its value to around USD 453.88. Bitcoin itself seemed to have weathered the storm better than others, losing just over 6% and breaching the USD 6,000 for the first time since June 2018. Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin and Cardano fared little better as the other Top 8 ranked, posting 11% - 14% losses. There does not appear to be any primary cause for the sell-off, although some are wondering if the October shocks in traditional stock markets have prompted traders to liquidate cryptocurrency in preparation for what Bank of America warned yesterday was a “Big Low” coming for the stock markets. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Freerangestock The post Altcoins Tank 10%, Bitcoin 4% in Surprise Rout Amid Stable Period appeared first on BitcoinNews.com.

11 hours ago

Cryptocurrency Trading Update: Midweek Lethargy Drops Markets Lower

FOMO Moments Crypto markets still in slow slide; Bitcoin Cash rebounding a little, Stellar, Nem, Zcash falling harder. The slow decline in crypto markets has continued as the week draws on. Falling back below $210 billion total capitalization, cryptocurrency prices keep dropping albeit at a very languid pace. Bitcoin is losing steam and has not been able get back above $6,400 since a little spurt on Monday. BTC is currently trading down again today, though losses are minimal and it is priced at $6,350 right now. The daddy of crypto is still ranging though volume has increased over the past couple of days, a drop below $6,300 could lead to heavier losses. Ethereum is following suit with another 1.5% decline on the day taking it to $206. Red is the dominant colour on the altcoin charts, and it has been since the weekend. In the top ten only one coin is making a gain at the moment and that is Bitcoin Cash which has risen to 2% to $519. The rest are extending losses with Stellar leading the pack dropping 4.5%. EOS and Cardano have both lost 2 - 3 percent on the day. Top twenty losses are even bigger with Nem dumping almost 10% from its big surge yesterday. XEM couldn’t hold on to that billion dollar market cap and has slid back again. Zcash and VeChain are both dropping 4 - 5 percent on the day and Tron losing over 2%. Only Ethereum Classic is in the green in the top twenty with a 1% push to $9.21. A new entry to the top one hundred is making the fomo pump today and that is Etheera. Climbing 11% this Swiss based real estate token has made it to 79th spot. Up even more Sirin Labs Token jumping 18% but these are likely to dump as quick as they have pumped in the next few days. A prime example is yesterday’s pump, Eternal Token, which is now dumping 30% today and dropping out of the top one hundred. Another previous pumper, WAX, is also falling fast with a 15% slide on the day. Total crypto market capitalization has slid back, dropping one percent on the day to just below $210 billion. Nearly $10 billion has been lost since last Wednesday which equates to a 4% market fall. On the three month chart however markets are still consolidating in a channel between $200 and $220 billion. Bitcoin dominance is slowly creeping back up and is currently 52.6% as its losses are not as severe as its brethren’s. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Trading Update: Midweek Lethargy Drops Markets Lower appeared first on NewsBTC.

11 hours ago

Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend

Today is a tough day for cryptocurrencies. A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could be called the crypto bottom level of this year. The monthly perspective also shows a stable recovery from circa $200 billion, according to data available at CoinMarketCap.com. Source: CoinMarketCap.com | Global Crypto Market Cap A rebound at this point largely depends on the individual performances of the top coins. Bitcoin, for instance, today plunged as much as 2.06% across all the exchanges, forming lower lows towards $6,160. But its bear trend becomes weaker everytime it attempts to breach $6,000-support, as noticed by its price action in the previous quarter performances. Bitcoin 1D Chart | Source: TradingView.comAccording to the BitFinex chart above, the Bitcoin price is still capped by a strong falling trendline to its north. At the same time, a riding trendline is providing crucial support against the overall bearish sentiment. Bitcoin can reverse from support as it has before, clearing another opportunity for day traders towards their respective long targets in the north. That said, the entire crypto market can eye a potential upside correction in Bitcoin charts as an indication of a more comprehensive recovery across its space. XRP Weakened despite Strong Fundamentals Ripple’s CEO Brad Garlinghouse in his latest comments lambasted Bitcoin as a technologically deprived cryptocurrency. The blockchain official put XRP above BTC, stating that their token would perform impressively in the third quarter of this year. As a result, XRP posted close to 6 percent gains on Monday. A bearish correction ensued, however, erasing almost half the intraday gains. The XPR price action today simply looked like an extension of its prevailing downtrend, bringing the asset to form lower lows towards $0.50. Ripple (XRP) 4H Chart | Source: TradingView.com The XPR price is now attempting a pullback action while staying in the midst of a strong downtrend. There is strong support lurking at $0.493-level as of now. If it is broken to the downside, then the pressure to revive the bullish sentiment could fall on $0.463. The aggregated daily price drop in XRP market amounts to 4.44 percent at the press time, according to CoinMarketCap.com 24-hour indicator. Ether Continues Triangle Action Ether is trending sideways inside a symmetric triangle since mid-September. The latest price action is repetitive concerning testing the lower trendline of the said triangle. Ether 4H Chart | Source: TradingView.com The coin has reported 3.5 percent losses in the past 24 hours and could extend the bearish sentiment. A pullback action nevertheless would be expected from the lower trendline support. If it doesn’t occur, then the support target could shift to $195.89. Bitcoin Cash Crashing, Down 9% Bitcoin Cash is the only coin among the top ten whose value is reacting organically to fundamental factors. The coin’s underlying blockchain is scheduled for a hard fork tomorrow, which would split its chain into two identical ledgers: Bitcoin ABC and Bitcoin NV. Most of the traders are swapping their BCH holdings for South Korean Won (KRW) and Tether’s USDT, according to volume reports on CoinMarketCap.com, to protect their positions. Bitcoin Cash 1D Chart | Source: TradingView.com Bitcoin Cash is now trading at $490.5, now 8.5 percent lower than the previous high. The price is also treating the rising trendline as its tentative support level, awaiting pullback towards the falling trendline resistance above. The coin can expect recovery after the forking event is through. But until then, any extended bearish action could bring Bitcoin Cash to retest November’s bottom at circa $407. Other top altcoins, including Monero, Stellar, EOS, Litecoin, and Cardano, have posted losses ranging between 2 and 6 percent. Stabelcoin Tether, meanwhile, is 0.2 percent up from its valued noted 24 hours ago, now trading at $0.987. The post Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend appeared first on NewsBTC.

11 hours ago

Litecoin [LTC] and Cardano [ADA] mauled by the bear’s attack: 10% loss over the week

Litecoin [LTC] and Cardano [ADA] are two currencies that have repeatedly weathered the bear’s attacks over the past week, a rough one for any coin in the cryptocurrency market. The latest in this series of drops has pushed the price of Litecoin down by 3.06%, with Cardano losing 5.6% of its value. The bearish week has left its mark on the coin, with 10.3% and 10.1% loss for Litecoin and Cardano respectively. It is also indicative of a broader trend in the cryptocurrency market, with a lack of energy seen in the movement of the coins. The bear has hence taken the opportunity to push the prices down, leading to a downward spiral in price and interest. Litecoin: The ‘silver to Bitcoin’s gold’ has dropped considerably in value since the beginning of this week, and was trading at around $55 at that time. The coin reduced its value down to $53.7 before recovering considerably to $54.4 and moving back down to $53 on November 8th. It then proceeded to see a sharp drop on November 11th to $50.3, followed by a further drop earlier today down to the $49.6 mark. Litecoin then proceeded to recover to $50.2 before dropping down to below the $49.5 mark. It is now trading at $49, with a market cap of $2.8 billion at #7 by overall market cap. Cardano: Cardano has seen a steady decline over the week, starting at close to $0.08, and dropping down to $0.070 the next day. The coin then hiked back to $0.79 on November 8th, retracing an impressive recovery. However, it continued to drop over the next two days, presenting investors with an opportunity to buy at a low price of $0.074 on November 10th. It then saw a slight recovery to the $0.076 mark on November 12th, before beginning a steady decline to $0.73, setting up the atmosphere before the drop today. It is currently trading at $0.071 with a market cap of $1.84 billion. The post Litecoin [LTC] and Cardano [ADA] mauled by the bear’s attack: 10% loss over the week appeared first on AMBCrypto.

11 hours ago

The Crypto Market Loses $3 billion as Leading Digital Currencies Plunge

Over the last 24 hours, the crypto market has lost $3 billion after sliding from $212 billion to $209 billion. This plunge has emanated from the poor performance of top crypto assets like XLM and ADA which have dropped by 3% to 6%. After Coinbase listed BAT on its platform, the anticipation that the exchange would list XLM, ADA, and ZEC next saw the coins surge significantly. For instance, XLM's value rose by 27% to trade at $0.28. However, the value of the above coins begun dwindling resulting in the bleeding of the entire market capitalization. (KE)

21 hours ago

Charles Hoskinson: Cardano Foundation Can Grow After Parsons’ Resignation

The Cardano Foundation has recently announced via its Twitter that Michael Parsons, chairman of the foundation has stepped down willingly from his position. It noted that Pascal Schmid would take over as chairman in the interim while they were looking for suitable persons to fill the vacuum. Charles Hoskinson, the standing CEO of Hong Kong-based Input Output (IOHK), painted a positive picture for the future of ADA and its ecosystem. At the time of this writing, Cardano(ADA) is trading $0.073, down 3.33% in the past 24 hours. (RL)

a day ago

Daily Cryptocurrency News - 13th November 2018

Welcome to the most important cryptocurrency news of November 13th, 2018. Swiss Federal Railway - First Digital Identity Pilot on Ethereum Blockchain This is not the first blockchain related project that Switzerland created. Last year, City of Zug had a government verified citizen ID on a public blockchain. This was created with the help of uPort alongside with ConsenSys. Right now, together with Linum Labs - SBB wanted to create a new blockchain related venture that could bring some real business value. SBB manages over 30,000 employees across Switzerland. And SBB decided to create a solution that could a) Verify the identity of a worker, b) Verify their credentials, c) Record them in a tamper-proof ledger. This project was tested on the public Ethereum testnet - Rinkeby. Connected with uPort, railway workers, supervisors and other authorities can have their own digital identity, linked to their uPort ID. The uPort ID is tied to an identity on the blockchain. The main things that SBB wanted to achieve with this were: A great mobile user interface (UI) and good user experience (UX) - So there could be an adoption of the system. Be useful even for external partners of SBB An open-source system, to achieve network effect and buy-in from the blockchain ecosystem To be in compliance with GDPR and other privacy regulations from Europe or Switzerland The results was amazing, easy-to-use and over-delivered. You can check the UI/UX of the platform as well as many other details in the LinumLabs Medium post Cryptocurrency Thefts - A New All Time High As Hackers Stole Almost $1 Billion The bad news for today are that cryptocurrency thefts reached almost $1 Billion in 2018. CipherTrace , a company that created cryptocurrency anti-money laundering systems, bitcoin forensics and blockchain threat intelligence solutions, claimed that hackers stole $927 million from cryptocurrency exchanges alone.While its almost impossible to trace people that got hacked or scammed from their cryptocurrency, we can estimate the total would surely be above $1 Billion for 2018. The thefts increased by 3.5 times in 2018. This means that not only hackers are finding new ways of hacking exchanges, but also there are some exchanges that doesn’t have a properly made security audit. Without one, an exchange can be hackable and its only a matter of time until hackers will realize. The most notable cryptocurrency exchange hacks of 2018 are: Coincheck - $530 million worth of tokens, mostly NEM; BitGrail - $195 million worth of tokens, mostly NANO; Zaif - $60 million Coinrail - $40 million Bithumb - $30 milion For more details about CipherTrace - you can check Coinbeat’s Article. ConsenSys & Amazon - The Creation Of The First Ethereum Marketplace For Enterprise Blockchain First off, it’s important to note that Amazon won’t be accepting Ethereum as a way of payment. This is not the news is about. Kaleido - a part of Consensys declared they will launch a marketplace of services to help new blockchain projects succeed. Their plan is to bring the business from a proof-of-concept until the working stage. The company will work with Amazon Web Services to create the enterprise blockchain platform. The platform will be a full-stack one, with services that includes native AWS integrations, HD wallets and ID registries. According to Kaleido, they managed to eliminate 80% of the coding work required to build a blockchain project. Besides this, there will also be support and services for: supply chain management,smart contracts, and real-time legal contracts. Kaleido won’t use only Amazon Web Services, but other third-party developers. Though this may sound like a partnership, its important to note that it isn’t one. Its just Kaleido working with Amazon Web Services to help blockchain related idea be brought to life easier and in a more professional way. “The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.” Stellar Lumens Is Now the #5 Cryptocurrency, Moving Ahead of EOS It appears that the ‘EOS craze’ is over, as the cryptocurrency was recent left behind by Stellar Lumens. Most of the cryptocurrency enthusiasts are happy about this, especially after the latest news of EOS not being a blockchain. EOS gained the number five on the cryptocurrency list after a $4 billion ICO results - with many people remaining skeptical about its use-case & TPS claims. At the time of writing the article, Stellar Lumens is in front of EOS with $76 million in market capitalization with a 2.86% decrease for today. But what could be the factors that lead to this? Firstly, there’s the Coinbase listing effect. Recently, two cryptocurrencies from t

a day ago

Stellar ultrapassa EOS no Coinmarketcap

Por: Livecoins Olhando para o top 10 das criptomoedas, em um mercado em que o volume e oscilação anda pequeno nos últimos tempos quase não se vê grandes diferenças, mas nessa segunda-feira, 12 de novembro, a Stellar ultrapassa EOS no Coinmarkecap. A Stellar Lumens, representada pelo símbolo XLM, vêm nos últimos dias se valorizando no mercado cripto, que no momento da escrita desta estava com 5 bilhões de marketcap e a EOS estava com 4.8 bilhões por sua vez. Fonte: https://coinmarketcap.com/ Em relação aos três últimos meses, a XLM chegou próximo ao valor de seu topo nesta data, chegando a ser cotada cada unidade em U$ 0,28, e em relação ao BTC chegou ao valor de 0.00004376 satoshis por unidade. Os fatores positivos que estão sendo levantados em torno desta criptomoeda é que é possível que a mesma seja listada em breve na Coinbase, e todas as criptomoedas com rumores de serem listadas por lá aumentam o volume de interesse de investidores. Outro ponto é que o site Blockchain.com está realizando um grande airdrop da XLM com o apoio da Stellar Foundation, e para isso foi destinado o montante relativo a U$ 125 milhões de criptomoedas para serem distribuídas, de forma a aumentar a adoção dos usuários desta rede. Cada usuário pode ganhar cerca de U$ 25 dólares em tokens. Esse no caso seria o maior airdrop já realizado no mundo das criptomoedas, caso tudo ocorra conforme o planejado. Quanto a listagem na Coinbase, os rumores apontam que seria possível que esse ativo digital apareça na plataforma, que recentemente listou também o token Ethereum BAT. Outras listagens sendo estudadas pela plataforma são Zcash, 0x e Cardano, em um plano de aumentar a quantidade de tokens disponíveis para seus clientes. Isso é grande visto que a Coinbase é regulamentada pelos EUA e possui uma avaliação criteriosa de listagem, dando força para qualquer token digital que entre em seu espaço, além é claro de ser uma das primeiras exchanges do mundo. Quanto a EOS, essa perda de força pode ser indicada pelas recentes críticas a sua plataforma, e talvez até pelo estudo que aponta que a mesma não seria uma blockchain. Seguimos acompanhando o mercado cripto, fique ligado com a gente! O artigo Stellar ultrapassa EOS no Coinmarketcap apareceu primeiro em Livecoins.

a day ago

Market Update Oct.13: Bears Are Back, Year-End Rally Nearby?

After a positive week for the alternative coins, a correction came to remind us of the risks involved with market volatility. However, the sharp declines have already been halted for the moment, getting closer to the dangerous $6000 zone. Ahead of the expected Fork of Bitcoin Cash hard fork, the price of the currency has risen by tens of percent and has attracted considerable interest from traders and investors who are eyeing the market. In light of the upcoming decisions regarding Bitcoin ETFs and other financial instruments related to the crypto markets, a trend has recently been initiated by regulators turning to large-volume crypto exchanges that affect the Bitcoin price and other altcoins in order to try to understand the price discovery mechanism. The end of the year is near, and November began with a positive altcoin trend. The recent price hikes brought a positive sign to the market. But if we put the prices of the coins aside and look at the development of the infrastructure, the number of companies, employees and the partnerships that are being formed, one might expect another bullish wave in the near future. Bitcoin continues to be the dominant and leading currency in the market and begins to show signs of stability with support around $6,200. Bitcoin dominance 52.2% | Market Cap: $211 billion | Trading volume: $10 billion Crypto News & Headlines SEC Charges EtherDelta’s Founder for Operating an Unregistered Exchange. The U.S SEC has heavily fined Zachary Coburn for operating an unregistered platform that allows people to buy and sell tokens that the agency had earlier marked as “securities.” Bitcoin Early Adopter Gave Away BTC Worth $100M: The Endless Dilemma. 15,678 BTC was given out in developer bounties by Jeff Garzik who started writing code for Bitcoin eight years ago. The developer is happy that Bitcoin is still around and doesn’t regret giving away that amount of wealth in the early days. VanEck: A Bitcoin ETF Approval Would Mean An In-Flow Of Billions Of Dollars In Investment. Gabor Gurbacs, VanEck’s Director of Digital Assets Strategy, has reaffirmed that the crypto markets will see an influx of investment in billions of dollars, whenever the long-awaited Bitcoin ETF is approved. Weiss Ratings Updates Cryptocurrency Ratings, Labels XRP, Stellar, Cardano, And EOS As “Buys.” The traditional asset rating company has added cryptocurrencies to their index and even gone a step further by recommending buys into XRP, XLM, ADA, and EOS which are among the top ten largest cryptocurrencies by market cap. BitMEX CEO: “We Don’t Trade Against Our Customers.” Arthur Hayes has seemingly replied to a pseudonymous crypto entity who said that their crypto exchange cares more about money than users. Such a thought is nonsensical according to the CEO. Charts Bitcoin Traded around $6,300 support in this range at $6,200 resistance at $6,400 we declined slightly because resistance at $6,500 was not breached. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'VnJqbSRh'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar traded around $211 support still holds around $200. Resistance at $215 with the next step being built around $225. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '13jn4ya1'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.032BTC support is being built around this resistance at 0.00333BTC after a failed attempt to break up the 0.034BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'TifLS8FI'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash Against the dollar trading around $540 and looking for support around $500 resistance at $650, after a sharp rise the correction has come. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'GCN9pFui'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.084BTC, and resistance in this range around 0.088BTC. The peak was at 0.098BTC, and this week the graph shows there is a change of trend in light of the fork. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'DR6DOIFB'; new TradingView.chart(tradingview_embed_options); OMG Against the dollar, support holds around $3. Is this the floor? Traded around $3.20, resistance in this range $3.70. If we breach this price, we’ll get a confirmation that we have touched the floor. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_opti

a day ago

Cardano [ADA/USD] Technical Analysis: Bulls look ready to push price upwards as coin is set to test bearish pullback

Cardano [ADA] has done well to find support levels in its recent recovery run, regaining the price range in the mid $0.070s. This has resulted in a formation indicative of a bounce upwards, a claim that seems to be backed up by the technical outlook for the coin. 1 hour: An uptrend is seen from $0.0608 - $0.075, demonstrating the sharp upward movement by the price, suggesting a clash with the downtrend from $0.082 - $0.077. Support levels are visible at $0.068 and $0.075, with the latter providing the price with momentum to test the $0.078 resistance. The Aroon indicator shows that a trend reversal is in progress, with the downtrend decreasing in power as the uptrend witnesses a sharp hike. The MACD is set for a bullish crossover. The Klinger Volume Oscillator is demonstrating a bullish crossover with a continued upward movement. 1 day: In the long-term outlook, an uptrend is visible from $0.063 - $0.07 - $0.076, with the dominant downtrend showing price movement from $0.037 - $0.076. A support level is seen at $0.063, with the coin yet to set resistances at $0.089, $0.181 and $0.37. The RSI shows that buying and selling pressure have stabilized in the market. The Relative Vigor Index is demonstrating a bearish crossover. The Parabolic SAR is bullish. Conclusion: The general outlook for Cardano’s price is bullish and might see the coin test the resistance levels it struggled with during its recent hike. The first resistance to be tested will be at $0.078, with further resistances at $0.089 and $0.181. The post Cardano [ADA/USD] Technical Analysis: Bulls look ready to push price upwards as coin is set to test bearish pullback appeared first on AMBCrypto.

a day ago

Cardano Foundation Chair Resigns Under Fire

The civil war within the Cardano community appears to have been resolved peacefully. Michael Parsons, chairman of the Cardano Foundation, has stepped down from his leading role at the head of the Foundation Council, following demands from other community leaders for his resignation. In a terse announcement published moments ago, the Swizerland-based Cardano Foundation announced […]

2 days ago

Yesss!

Finally starting to see real community oriented projects pop up. This engagement will push Cardano to bring in some real talent that will only further the project faster. It's amazing how quickly things have started to pick up now that the Cardano Foundation is out of the way. Imagine how far things would be if they were doing their job all along.. Smh, either way, go Emurgo & IOHK!!

2 days ago

Zcash (ZEC) Among the Few following NEM’s Stellar Performance

With Coincheck reinstating the trading of the 17th largest cryptocurrency by market capitalization - NEM, the coin rocketed upwards with 16.52% gain in the last 24-hours. The re-listing of the digital asset came over 10-months later after one of the biggest crypto-verse hacks in history. More than $0.5 bln worth in NEM tokens were taken from the leading Japanese exchange. Source: coinmarketcap Getting back to Zcash - for starters: Professor in John Hopkins University - Matthew D Green - in 2013 introduced the protocol named Zerocoin. At that point it was representing an extension protocol for Bitcoin’s network to gear up the blockchain privacy game. With it users were able to destroy the coins while returning an equal value of them later. Drastic improvements were made later on with the zk-SNARK or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge protocol introduction which could also present a solution for Ethereum’s scaling as highlighted by Vitalik Buterin. We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/pzCry5OdTr — Bittrex (@BittrexExchange) August 29, 2018 Per time of writing, the privacy oriented virtual currency, is following Ripple’s XRP and NEM’s bullish performance with a break above the monthly declining trend which now is acting as a supportive ground for further increase. Source: coinmarketcap - Since Aug Performance However, despite reaching the level of $132.35 against the US Dollar, ZEC is struggling to overcome the major weekly $136.00 which resulted with slight correction. One rabbit-out-of the hat that could turn to a game changer for ZEC HODLers could turn the crypto-exchange Coinbase listing that is being predicted following ZRX and Basic Attention’s Token announcements. The exchange posted via twitter that it is experimenting with a few of the leading coins and ZCash was among the five chosen. The post Zcash (ZEC) Among the Few following NEM’s Stellar Performance appeared first on Ethereum World News.

2 days ago

Daily Cryptocurrency Markets Update: Monday, November 12

Across the vast majority of digital currencies this morning, markets seemed vanquished as most chart patterns showed red. The downward trend was felt across most of the top cryptos with a small section of coins recording a slow upward surge. Coins such as Stellar (XLM), Cardano (ADA) and ZCash recorded an upward move perhaps owing to the news that they will soon be listed on Coinbase. Stellar was up by 6% to trade at $0.27, Cardano gained up to the $0.077 mark before settling at $0.075. Additionally, the upcoming Bitcoin Cash Hard Fork on November 15 has had the effect of lowering BCH prices. Image Via Coin360 Bitcoin (BTC/USD) Over the last 24 hours, some slight alterations have been witnessed on the charts. For starters, Bitcoin underwent market correction to overcome its recent slight drop. It is currently exchanging at $6396 against the U.S. Dollar up from $6344, representing about 0.2% growth. On one day charts, the 7-day moving average is above the 21-day moving average, an indication that a bullish momentum is in the works. The Relative Strength Indicator (RSI) is stable on the charts, showing that the periods of extended stability for the leading cryptocurrency by market capitalization are on. Experts have indicated that the periods of increased stability and reduced volatility are ‘the calm before the storm’ that will see a major upward surge as the year comes to a close. Bitcoin Cash (BCH/USD) With a scheduled protocol upgrade on November 15, opinions are divided on the future of this digital coin. While one chain wants the coin’s block size increased, another one is opposed to it. Investors have therefore moved to dispose of their BCH holdings. The increased supply of BCH has pushed the prices down. It has lost about 20% of its value over the previous week and is currently trading at $517. Ethereum (ETH/USD) The second largest digital coin by market capitalization was also marked in red as it lost ground from its stellar performance last week. It is currently trading at $210 with its stability intact. This follows news of its hundred times capacity upgrade as announced by Vitalik Buterin. The post Daily Cryptocurrency Markets Update: Monday, November 12 appeared first on ZyCrypto.

2 days ago

Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS

Stellar Lumens or XLM has become the fifth largest cryptocurrency by winning over EOS. It stands with market cap $5,093,506,793 as against $4,915,473,123 of EOS. Factors leading to Stellar’s win over EOS Coinbase has recently announced the listing of several new assets to its exchange which also includes Stellar. It announces the listing of Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (ZRX). Earlier this week, Stellar Development Foundation heads up for the biggest airdrop in crypto history. Interestingly, the total of $125 million worth of Stellar Lumens (XLM) will be released as a give away to its blockchain wallet users. This has definitely risen up the XLM market to interesting highs as more people are showing interest, seeing quite a big fund for giving away. Yet another reason that marks Stellar on top than EOS is “Fake EOS wallet on Google Play”. EOS RIO, EOS developers has been seen warning its users to save from the use of fake version of its App on Google Play, which has negatively affected the volume of EOS cryptocurrency. Since the market is volatile in nature, one cannot definitely state the literal stand of any cryptocurrency. It is however interesting to see whether the price of Stellar is influenced by $125 million airdrops or Coinbase listing announcement or spotlight of Fake EOS wallet on Google Play. Will stellar sustain its position against EOS. Let us know in comments below. The post Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS appeared first on Coingape.

2 days ago

Daily Berminal Brief: Bitcoin Struggles to Stay Above $6,500 and Upbit will Launch Crypto-Exchanges in Indonesia and Thailand

The State of The Market - November 12, 2018 BTC: $6,389.48 (+0.29%) ETH: $210.90 (+0.56%) XRP: $0.5186 (+3.70%) The overall cryptocurrency market continues to trade within a relatively tight range. Bitcoin dropped below $6,500 again and Ethereum pulled back slightly but still trades above $210. XRP is one of the few tokens showing bullish behavior and the altcoin currently trades above $0.51. Currently, the total market cap is $212.7 billion. In other news, South Korean crypto exchange Pure Bit conducted an exit scam after raising 13,000 ETH and Cardano, Stellar Lumens, and Zcash are rallying on the possibility of a Coinbase listing. 1) The number of daily transactions carried out on the Bitcoin (BTC) network continues to grow and has nearly reached a ten-month high of 273,672. Data from Blockchain shows that daily transactions peaked at 500,000 during the December 2017 - January 2018 bull run and during the toughest parts of the 2018 bear market daily transactions fell as low as 135,000. Since then daily transactions have nearly doubled and the cost per transaction has also dropped to a 1-year low of $36. 2) South Korea's crypto exchange Upbit is planning to launch cryptocurrency exchanges in Indonesia and Thailand. This follows the recent launch of another exchange in Singapore. Per their website, the new Upbit exchanges will offer more than 240 trading pairs and 130 coins. The exchange was attracted by the crypto friendly regulations in the two countries. Since the implementation of the new name system, the expansion plans of the exchange in the country have been difficult. Therefore, Upbit exchange is expanding its operations globally as it is waiting for the domestic trading environment to change. 3) On Sunday Bitfinex changed its fee structure for high-frequency wire withdrawals by adding a 3 percent commission on all external wire withdrawal requests that exceed the new criteria. The fee will apply to users who either make more than two fiat withdrawals in any thirty day period or those that make more than $1 million in aggregate fiat withdrawals over a thirty day period. The new fee structure will not affect low-frequency wire withdrawals which Bitfinex says makes up the greater amount of their customers. SalesCalc, a fee calculating service, found that the new fee structure is nearly the same as PayPal's and a user hoping to withdrawal $1 million would have to pay $29,000 in fees. Some users believe the new fee structure is a ploy to raise the value of Tether (USDT) back to $1.00. (RS)

3 days ago

Monero (XMR) topples Tether (USDT), BAT falls further by 6%

Something interesting has been going on in the cryptocurrency market in the last 24hrs. Monero (XMR) as of yesterday was the world’s tenth largest cryptocurrency token, in a twist of events in a 24hr time period, the token has not only squashed its opponent Tether (USDT) to become the ninth largest cryptocurrency bay a large margin but has also attained an impressive price volume while it gathers momentum to overthrow its next competitor. As of Nov 11th, Monero had descended by 2.67% and was trading at a price of $103.36. Right above Monero, Tether’s trading price sat at $0.998064 after attaining slight gains of 0.38%. It didn’t take too long for Monroe to crawl its way up once its trading volume began to swell. The token moved up by a percentage of 2.10, pushing its trading price to $105.80. An upsurge in trading volume kicked Monero’s marketcap from $1.71 billion to $1.75 billion against Tether token whose market cap was at $1.77 billion but has now declined to $1.69 billion. Traders from exchange giants Binance and Bithumb can be credited for the token’s current trading price. Bithumb trading pairs against the South Korean Won (KRW) totaled at $530.49 million, while Binance trading pairs of Monero against Bitcoin rounded up at $4.30 million. Cardano (Ada) which has fallen by 1.61% might be knocked out by Monero as the token continues to skyrocket. Meanwhile, BAT has continued to suffer huge losses since its listing on both CoinbasePro and Coinbase.com. The token has moved from the 29th spot in the last seven days to sit at the 34th position. From a trading price of $0.316637 upon Pro’s listing, BAT now trades at $0.249006 as of this writing. Declining by 4.43% in the last 24hrs, BAT is still struggling to maintain stability. The post Monero (XMR) topples Tether (USDT), BAT falls further by 6% appeared first on ZyCrypto.

3 days ago

‘Coinbase Effect’ in Action: Cardano, Zcash and Stellar Prices Get a Boost Prior to Listing

CoinSpeaker ‘Coinbase Effect’ in Action: Cardano, Zcash and Stellar Prices Get a Boost Prior to Listing Coinase has always tried to increase the number of opportunities for its customers. Recently, the largest US exchange listed Basic Attention Token (BAT) on its trading platform and apps and opened trading for 0x (ZRX), which became the first ERC-20 token listed on the platform. After these annoucements, investors have cheered up and are currently anticipating the exchange’s support for further cryptocurrency integrations. In this regard, prices of some coins have started to surge. In particular, Cardano (ADA), Zcash (ZEC), and Stellar (XLM) are enjoying growth. Cardano Price Movement Cardano (ADA) saw a 3.5% hike on Sunday. The value of ADA jumped from $0.074438 up to $0.077107, then pulled back to the $0.75 range. Later, the price levelled off. Trade volumes were relatively low for ADA, rising from $13-18 million, with Binance’s ADA/BTC pair accounting for over 20% of the action alone. The coin’s current price makes up $0.0754, its market capitalization is $1.9 billion. Zcash Price Movement Zcash (ZEC) is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The privacy-focused cryptocurrency surpassed $140 last week, demonstrating a staggering 21.7 increase in price in a two-week span. Over the last 24 hours, the currency lost 4.14% in value. Currently, its price is $125.62 per coin, market capitalization is $6.5 billion. Stellar Price Movement Stellar (XLM), which has been affected by massive volatility in the forever-lasting bear market, has experienced a 5-percent boost last week due to speculations about upcoming Coinbase listing. The fourth most-traded asset on Binance, just after Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH], Stellar maintained its price steadily at $0.2691 and a market cap of $5.09 billion yesterday. Later, the coin faced a mild bump and the market cap got a push up to $5.14 billion and the price also rose up to $0.2715. Further, the price and the market cap both took a hit and went down to $0.2633 and $4.98 billion accordingly. The 24-hour trade volume rose up by 25.8% during this time period. At the moment of writing, Stellar’s market capitalization makes up $5.17 billion. Its price is $0.2736 per coin. The supply for the asset comes mostly from Binance’s platform (approximately 32%) and Upbit exchange (about 9% of the total volume). What’s in Store for Cardano, Zcash and Stellar? Before the listing, both BAT and 0x nearly doubled in value against both the US dollar and Bitcoin (BTC). However, after the official listing by Coinbase Pro and Coinbase.com, the currencies suffered a drop. BAT decreased by over 32, while ZRX began a steep descent after a 8-percent surge. Such a performance demonstrated that price movements were caused by Coinbase listing. It is not yet clear, whether Cardano, Zcash and Stellar will be integrated into the exchange, but such a probability is quite high. The Coinbase listing is a confirmation that the token is not considered a security by the U.S. Securities and Exchange Commission (SEC). The listing gives a way to other exchanges to accept and integrate assets. Currently, the U.S. SEC is adding demands for tokensto be considered as securities. Recently, SEC charged EtherDelta, Ethereum-based decentralized crypto exchange, for running unregistered securities exchange. ‘Coinbase Effect’ in Action: Cardano, Zcash and Stellar Prices Get a Boost Prior to Listing

3 days ago

Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080

Key Highlights ADA price corrected lower recently and tested the $0.0738 support area against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb higher once again above the $0.0780 resistance in the near term. Cardano price is holding key supports against the US Dollar and Bitcoin. ADA/USD could break the $0.0780 resistance as long as it is above $0.0735. Cardano Price Analysis After trading above $0.0820 level, cardano price started a downside correction against the US Dollar. The ADA/USD pair moved down and broke the $0.0800 support. There was even a break below the $0.0780 support and the 100 hourly simple moving average. However, the price found a decent buying interest around the $0.0735 level and later recovered. It moved above the 23.6% Fibonacci retracement level of the recent decline from the $0.0821 high to $0.0735 low. The price also moved above $0.0770 and the 100 hourly SMA. However, the upward move was capped by the $0.0780 resistance. Buyers also failed to push the price above the 50% Fibonacci retracement level of the recent decline from the $0.0821 high to $0.0735 low. There is also a connecting bearish trend line with resistance at $0.0772 on the hourly chart of the ADA/USD pair. Therefore, a break and close above the trend line and $0.0780 could push the price towards $0.0800. On the downside, there is a major bullish trend line formed with support at $0.0755 on the same chart. The chart indicates that ADA price is approaching the next break either above $0.0780 or below $0.0750. The chances of an upside break are high as long as there is no close below $0.0735. Hourly MACD - The MACD for ADA/USD is slightly placed in the bullish zone. Hourly RSI - The RSI for ADA/USD is moving lower towards the 50 level. Major Support Level - $0.0735 Major Resistance Level - $0.0780 The post Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080 appeared first on NewsBTC.

3 days ago

Cardano, Stellar Lumens, and Zcash Upswing Before Coinbase Listing; Stellar Surges by 27%

Cardano (ADA), Zcash (ZEC), and Stellar (XLM) have made significant gains as the crypto community anticipates additional crypto integrations on Coinbase. This follows the listing of Basic Attention Token (BAT) and 0x (ZRX) on Coinbase. Since Coinbase listed BAT on November 2, XLM has surged by 27% from $0.22 to $0.28. However, analysts fear that ADA, ZEC, and XLM might follow in BAT’s suit as its value increased before the listing only to plummet by 32% after the official listing. (KE)

3 days ago

Cardano, Zcash, Stellar Surge Prior to Coinbase Listing; XLM up 27%

As the anticipation towards additional cryptocurrency integrations builds following the listing of Basic Attention Token (BAT) and 0x (ZRX), the prices of Cardano (ADA), Zcash (ZEC), and Stellar (XLM) have started to surge. Since November 2, the day BAT was officially integrated into Coinbase Pro and Coinbase.com, XLM, the native cryptocurrency of the Stellar blockchain

3 days ago

Cardano [ADA/USD] Technical Analysis: Bear to stay in the market for a longer duration

Cardano [ADA], the eighth-biggest cryptocurrency in the market, has been sparking green on a constant basis in the market, despite the lack of new announcements. However, the coin has failed to show its continuous support to the bull after the race, which took place at the beginning of this month. According to CoinMarketCap, the cryptocurrency was trading at $0.075 with a market cap of more than $1 billion. The coin had a trading volume of more than $20 million and had seen a gain of 4.94% in the past 7 days. 1-hour: Cardano [ADA] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin showed a downward trend from $o.077 to $0.075. It also displayed an upward trend which started at $0.0744 and ended at $0.0748. The coin has a strong resistance at $0.078 and an immediate resistance at $0.0754. Nonetheless, the coin has a strong support at $0.0744 ground and an immediate support at $0.0746. The Chaikin Money Flow showed that the bull could take over the market. Parabolic SAR showed that the dots have started to align below the candlesticks, predicting a bullish run to take place soon. The Bollinger Bands were contracting at the time of writing, displaying a less volatile market. 1-day: Cardano [ADA] one-hour price chart | Source: Trading ViewIn the one-day chart, ADA displayed a downward trend from $0.172 to $0.081 and an upward trend from $0.071 to $0.076. The cryptocurrency showed that there was a tough battle ahead as it had to breach the immediate resistance, which is set at $0.086 and the strong resistance, which is set at $0.107. If the strong resistance is breached, then the next resistance is set at $0.172 The RSI indicator showed that the selling pressure and the buying pressure of the coin are evening out each other. MACD showed that the moving average line was above the signal line. However, the line was converging and showed that it could dive below the signal line, forecasting a bearish weather. The Klinger Oscillator was on the bear’s side, as the reading line was below the signal line. Conclusion The cryptocurrency could rejoin the bear’s group soon as the MACD and Klinger Oscillator are showing their favor to the bear. The post Cardano [ADA/USD] Technical Analysis: Bear to stay in the market for a longer duration appeared first on AMBCrypto.

3 days ago

Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11. Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Digital Assets See Some Slight Losses Over the Last Three Days Cryptocurrency markets have had an interesting week after a long period of boring price action and stability. Last week bitcoin cash markets lead the pack out of all 2000+ digital assets, climbing over 51% in value and touching a high of $638 per coin. Digital asset markets, in general, have all seen some slight losses as the top ten cryptocurrencies are down 1-3% except for stellar, cardano and the stablecoin tether. The entire market valuation of the whole crypto-economy is worth $215.9 billion and there’s been $11.5 billion in global trades over the last 24 hours. The top 10 cryptocurrencies on Nov. 10, 2018, at 10:00 a.m. EST. Bitcoin core (BTC) prices are hovering around $6,406 per coin and there’s around $3.7 billion in global BTC trade volume today. Following the BTC action, ethereum (ETH) prices are around $211 per ETH and the cryptocurrency is down 0.3% this weekend. Ripple (XRP) is down 0.9% today and each XRP is being swapped for $0.50 per token. Lastly, eos (EOS) has been officially bumped out of the fifth largest market capitalization and stellar (XLM) has taken its place. Stellar is currently trading for $0.26 per token and markets are up this Sunday 4.5%. Bitcoin Cash (BCH) Market Action The fourth largest market capitalization held by bitcoin cash (BCH) is down 0.5% over the last 24 hours. Data stemming from the last seven days shows BCH is down 1.7% overall for the week. Currently, BCH is trading at an average of $544 per coin with a market valuation of about $9.4 billion. The last 24 hours of trade volume shows BCH markets swapped $641 million this weekend. The top exchanges swapping the most BCH today include Lbank, Okex, Hitbtc, Binance, and Huobi Pro. The trading pairs today dominating BCH markets include USDT (35.2%), BTC (35%), ETH (10.2%), USD (7.7%), and KRW (3.1%). Bitcoin cash (BCH) daily. Nov. 11, 2018. BCH/USD Technical Indicators Looking at the 4-hour charts for BCH/USD on both Bitfinex and Bitstamp shows BCH bears may be feeling some exhaustion in the short term going forward. Currently, there looks like a trend shift is in the cards as the 100 Simple Moving Average (SMA) has crossed above the long-term 200 SMA. This indication is positive for the bulls as the path towards the least resistance is essentially the upside. The Relative Strength Index (RSI) shows things are meandering in the middle (-44.02) but definitely closer to oversold regions. BCH/USD Bitstamp 4-hour at 10:15 a.m. EST. Nov. 11, 2018. The stochastic oscillator indicates a similar reading and the MACd also shows there’s currently room for improvement going forward. Order books show a similar forecast too as bulls need to muster enough strength past the $566 region to gain a lot more momentum, and there will be another pitstop at the $600 zone. On the backside, there is plenty of foundational support at the time of publication between the current vantage point and $495. BCH/USD Bitfinex 4-hour at 10:00 a.m. EST. Nov. 11, 2018. The Verdict: Traders Assume the Pending Fork Will Affect Markets Before, During, and After the Fork Most traders seem positive that the price of BCH will trend higher as the fork approaches due to the memories of prior forks in the past. The 100-day average shows there is a lot of room for improvement over the next four days. Furthermore, BCH/USD short positions are at an all-time high this weekend which means a good majority of traders are betting against a rise. BCH/USD Shorts on Nov. 11, 2018. However, others believe that these traders are setting themselves up for a “big squeeze” and expect prices to spike unexpectedly. With the fork approaching and especially the contentious nature surrounding it, it will likely drive markets in certain directions before, during, and after the network changes. Per usual in crypto-land, bitcoin traders are expecting the unexpected to take place next week and most are just crossing their fingers hoping they chose their positions correctly. Where do you see the price of bitcoin cash and other coins headed from here? Let us know in the comments section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, and Satoshi Pulse. Want to creat

4 days ago

IOHK Releases Whitepaper On Crypto Interoperability

Charles Hoskinson, the co-founder of Cardano and CEO of IOHK, tweeted the study conducted by his company on Crypto interoperability. Hoskinson called it “a major step forward” for Proof of Work (PoW) blockchains. The research paper offers sidechains as a solution to connect multiple blockchains with each other. However, cryptocurrencies should have two key characteristics for it to work. The first condition is for it to support NIPoPoWs (Non-Interactive Proofs of Proof-of-Work) like Bitcoin, Ethereum, and Litecoin. The second condition is that it should validate proofs using smart contracts. (VS)

4 days ago

Cardano Price Increase Seems Bound to Retrace Quickly

With most of the top cryptocurrencies struggling to remain in the green, speculators are looking well beyond the top 5 to make a quick buck. In the case of Cardano, the current market momentum seems rather promising in this regard. Although it remains unclear how long this trend will last this time around, there is some money to be made. Cardano Price Shows Promising Signs It is not uncommon for different markets to head in completely opposite directions during the weekend. Whereas most currencies seem tied to Bitcoin in one way or another, there is always a chance a breakout might occur. Today, it seems as if Cardano is going for such a breakout, albeit the current uptrend still appears to be on very weak legs first and foremost. Over the past 24 hours, the Cardano price has risen by 1.8% in USD value and 1.85% in BTC value. Both of these trends are relatively promising, although it is not necessarily the trend one is effectively looking for in terms of “major gains”. Combined with a relatively weak volume of just $19m, this uptrend will not necessarily last all that long. Looking at social media, it seems there are a few people hoping for a Cardano breakout. SP is one of those individuals, although it seems the breakout may not necessarily remain in place moving forward. Even so, there is an accumulation zone in place, and it wouldn’t take all that much to break through the first resistance level. $ADA breakout?#cardano #ada #bitcoin #btc #crypto pic.twitter.com/gZLgqRRSiJ — SP (@Pits90) November 11, 2018 While Cardano is not necessarily known for its marketing, that is not necessarily a bad thing by any means. Fluffee sees Cardano, as well as other projects - in a bright spotlight because they mainly focus on progress, rather than marketing stunts. As such, the project is checking a lot of the right boxes for some people, albeit speculators will gladly see things move in a different direction. Marketing is important, but look at #ADA & #OMG - purely focused on work & progress, this makes them undervalued and once they actually switch to full scale marketing campaigns it will be hot around them. — Fluffee (@CryptonianJake) November 11, 2018 In the world of cryptocurrency, chasing profits is always a dangerous game. For Philip King, there may have been some serious disappointments over the past few months. He actively warns people to not get involved with ADA’s price movement right now, primarily because it will probably end up like Basic Attention Token’s fall from grace. Don’t get caught up in the #ADA #XLM pump. It’s gonna dump on you..... Have learned nothing from #bat #zrx #etc#btc #binance #crypto #btfd — Philip King (@PipKing101) November 11, 2018 All of the signs associated with Cardano’s price momentum show there is an interesting day ahead, but the momentum is not necessarily looking all that great just yet. If the trading volume picks up a bit, there may be a push to $0.08 later today. If not, it seems this will be the highest value to be achieved prior to the next correction setting in. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Cardano Price Increase Seems Bound to Retrace Quickly appeared first on NullTX.

4 days ago

Cardano’s Charles Hoskinson and IOHK Present a Breakthrough on Crypto Interoperability

Charles Hoskinson, co-founder of Cardano and CEO of IOHK, the blockchain and cryptocurrency research and development company, has announced…

4 days ago

Charles Hoskinson Announces 'The Cardano Effect' Podcast

Charles Hoskinson, the creator of Cardano, recently posted on his Twitter feed announcing the newest development designed to help keep members of the Cardano community informed: “Cardano's getting its first dedicated podcast. Super excited!!!” The podcast has been named ‘The Cardano Effect,’ and aims to help get members of the community more involved with the Cardano project and informed about the latest developments. Cardano (ADA) is currently trading at $0.075, an increase of 1.48% over the past 24-hours. (JF)

4 days ago

Cardano [ADA/USD] Technical Analysis: Bearish pressure pushing coin to find more support as bulls take a breather

Cardano [ADA] recently took a tumble to the bear’s kingdom as downward pressure began to exert itself on the price. ADA is just one of the tokens suffering from the bear’s wrath as the cryptocurrency market finds itself in the red zone. 1-hour: The short-term outlook for Cardano shows that there are two corresponding uptrends seen from $0.068 - $0.076 and $0.073 - $0.082. The downtrend offering resistance to the price can be seen at $0.082 - $0.079 - $0.076. Support levels are visible at $0.068 and $0.075, with a resistance at $0.078. The RSI is demonstrating a downtrend, as selling pressure has increased since the drop earlier today. The Relative Vigor Index is demonstrating a bearish crossover. The Klinger Volume Oscillator is set for a bearish crossover, as seen by the movement of the graph. 1-day: A short support uptrend is seen $0.063 - $0.074 - $0.076, with the dominant long-term downtrend seen from $0.37 - $0.081. A support is seen from $0.063, with resistances at $0.1, $0.18 and $0.22. The Parabolic SAR is bullish, as seen by the presence of the dots under the candlesticks. The Aroon indicator uptrend is reducing in power, as the downtrend loses a lot of its moving power. The MACD is demonstrating a bullish crossover, with increasing pressure downwards pushing the indicator downwards. Conclusion The price of Cardano seems to be heading closer to the bear’s dimension, with bullish pressure decreasing as the coin sees momentum dying down. Support levels will be tested at $0.068 and $0.075. The post Cardano [ADA/USD] Technical Analysis: Bearish pressure pushing coin to find more support as bulls take a breather appeared first on AMBCrypto.

5 days ago

IOT/USD, EOS/USD, ADA/USD, XLM/USD, LTC/USD Price Analysis

After days of lower lows and dry fundamentals, Stellar Lumens—XLM/USD, Cardano—ADA/USD and IOTA—IOT/USD pairs are trading within a bullish breakout patterns and likely to print higher as the week close. But still, we shall maintain a bullish outlook on EOS/USD and LTC/USD aware that if the latter find support at $50, odds are prices will rise above $60 igniting buy pressure. Let’s have a look at these charts: EOS/USD Price Analysis In the midst of relentless sell pressure, EOS/USD upsides have been clipped. So far, prices are down 2.5 percent in the last day but still clinging on bullish in the weekly chart adding 2.5 percent from last week’s close. Like in our last EOS/USD trade plan, we shall retain a neutral outlook with a bullish skew aware that prices are down +80 percent from 2017 highs. You may find this interesting: Basic Attention Token Nosedives 20% Amidst SEC Crackdown Concerns As such, EOS is likely to recover as prices consolidate inside a $3 range with clear supports at $4 and resistance at $7. If today close lower then odds are EOS/USD will slide towards $4 and in that case aggressive traders can would load at spot with stops at around $6 and first targets at $4 for a 1:1 risk reward ratio. LTC/USD Price Analysis The benefits of moving funds via crypto are there for everyone to see. Hours ago, $62 million worth of crypto was moved for 50 cents but it could be cheaper once Litecoin core 0.17.0 is live. Why #blockchain is the future? $LTC worth 62 Million were just transferred at the cost of 50 cents. https://t.co/RtIdvDHlDI #litecoin #altcoins #crypto — Andreas Schnell (@andreas_schnell) November 9, 2018 Then, Litecoin developers say, network fee will be slashed by a factor of then disadvantaging miners but benefiting users. While the network usage increases, LTC is down two percent in the last day and cents from $50, our main support line and sell trigger line. All in all, we recommend patience as reiterated before aware that any decline below $50 causing a whole bear bar to print below $50 would be inviting for sellers aiming at $30. What about Bitcoin Stability: Bitcoin Falls to $6,300 Region as Altcoins Continue to Decline Concurrently, now that LTC is down and trending around key Fibonacci retracement level from 2017 highs, bulls expect LTC/USD to find support at $50. In case that happen, then we shall recommend a wait and see approach until prices race above $60 or Oct highs. Thereafter, aggressive traders can buy dips with stops at breakout bar lows and first targets at $70. XLM/USD Price Analysis Leading the market is stellar Lumens which is up roughly one percent in the last 24 hours validating our last XLM/USD trade plan. Despite lower lows and consolidation in lower time frames above 25 cents, we were bullish suggesting buys on dips with first targets at 30 cents and later 50 cents. After yesterday’s resurgence, traders can enter at spot with stops at Nov 6 lows and first targets at 30 cents. The only move dismissing this view reverting us back to neutral is if there is rejection of higher highs damping XLM back as gains are reversed hitting our stops. If not and bulls rally past 30 cents in a bullish breakout pattern, then both set of traders can load at spot with first targets at 50 cents and stops just below 30 cents. ADA/USD Price Analysis Though the market is struggling against sellers, the simple fact is that ADA/USD is trading within a bullish breakout pattern. And to reiterate, as long as ADA is above 7.5 cents and inside Nov 4 high low, we recommend buying at spot with stops at 7 cents—our minor support and first targets at 9.5 cents since risk reward ratios allow. Otherwise, conservative traders can stay on the sideline until a high-volume bull bar print triggering buys above 9.5 cents. On the flip side, losses below 7 cents and later 6 cents would be negative to ADA/USD as prices could sink and register new ATLs. IOT/USD Price Analysis Like Cardano, IOT/USD is trading within a bullish breakout pattern following Nov 4 close above the two month resistance trend line. From candlestick arrangement and yesterday’s resistance of lower lows, it seems as if bulls stand a chance. Interesting Developments at Ethereum— Plasma Halted as Ethereum Seeks Alternative Scaling in zk-SNARKs Therefore, we suggest aggressive type of traders to pick at spot with stops at 45 cents or Oct 11. First target will the buy trigger line at 60 cents and thereafter both set of traders can add their longs as they eye 90 cents and later parity. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post IOT/USD, EOS/USD, ADA/USD, XLM/USD, LTC/USD Price Analysis appeared first on NewsBTC.

5 days ago

Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD

After solid gains, altcoins are slowing down but not bearish. From the chart we can see that ADA/USD and XLM/USD pairs are trending higher within a bullish break out pattern. At the same time, LTC/USD is down while EOS/USD is flat despite release of EOSIO 1.4.0. Lets’ have a look at these charts: EOS Price Analysis EOSIO 1.4.3 Releasehttps://t.co/BfKJssq0W4 — Block.one (@block_one_) November 8, 2018 In a bid to make EOSIO more usable, the developer team are launching EOSIO 1.4.3 and EOSIO.CDT Version 1.4.0. The aim here is to improve user experience coming at a time when temporarily fixes like CPU_INCREASE isn’t helping the network grow their user base. CPU is increasingly expensive for developers to build application wearing off appeal for EOSIO. You may also like: EOS Ecosystem Ever Expanding as dApps Rise, but Price Still Sliding The EOSIO.CDT version introduce features as Ricardian contracts for ABI generation for automatic extraction of information needed for creation of Ricardian contracts and generation of clauses needed for smart contract execution. Back to price action and EOS/USD is down two percent in the last day but still up seven percent in the last week. We expect prices to build up momentum because though EOS/USD is down, prices are still trending inside Nov 7 high low. This is bullish but like in our last trade plans we shall maintain a neutral stand until prices break and close above $7 completely reversing loses of Oct 11 and Sep 5. Once this print, a bullish break out pattern would be complete cancelling bears in the process. First targets would be at $9. LTC/USD Price analysis Even with the reversal from the main support trend line and the failure of buyers to drive prices above $55, we still retain a bullish outlook as long as LTC/USD is trading above $50. In our last LTC/USD trade plans we reiterate that $50 is an important, multi-level support line and bulls might found bounce off this zone as they eye $70 and later $110. Also read: Gemini Adds Litecoin with Approval from New York Regulators That is why it is important for prices to edge higher and close above Oct highs at $60 before any set of traders can load up LTC at spot in a breakout trade. XLM/USD Price Analysis Thing is, Stellar Lumens odds of higher highs are elevated thanks to stellar fundamentals supporting prices. Add this to the development in the daily chart and our last XLM/USD trade plans are valid. Without wavering, XLM/USD is bullish above 25 cents and every dip is another opportunity for aggressive traders to load up with stops at around 22 cents and first targets at 30 cents. Meanwhile, conservative type of traders should wait for solid breaks above 30 cents. This move is crucial for XLM because it would signal the beginning of price recovery as traders aim at 50 cents or April highs. TRX/USD Price Analysis Aside from milestone smashing transactions, Tron is dry of fundamentals. Since there is no event to prime price action, our last TRX/USD trade plan is valid as prices are still trading below 3 cents or Sep highs. Needless to say, we retain an upbeat overview of prices expecting the minor support trend line to buoy prices and drive them above 3 cents triggering bulls aiming at 4 cents. On the flip side, drops below the minor support trend line could see TRX/USD back at bearish territory. In that case, first bear targets would be 1.5 cents or August double bottom. ADA/USD Price Analysis With market boosting development and expectations of higher highs, ADA/USD is within a bullish breakout pattern. Though prices are yet to rally past 9.5 cents or Sep highs ushering in buyers, it is highly likely that that will print out today. There is more interesting information here: ADA/USD Price Analysis: Cardano Neutral to Bullish above 7 Cents This is so because of yesterday’s rejection of lower lows. Moving on, we suggest aggressive type of traders to buy at spot with stops at around 7.5 cents and first targets at 9.5 cents and later 12 cents in line with our last ADA/USD trade plan. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD was last modified: November 8th, 2018 by Dalmas NgetichThe post Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD appeared first on NewsBTC.

5 days ago

Daily Cryptocurrency News - 9th November 2018

Welcome to the daily news of 9th November 2018. Here are the most important headlines for today: Bitmain Layout 90,000 Mining Machines & More details about the future Bitcoin Cash Fork The battle of billionaires is starting. Apparently, Roger Ver and Craig Wright couldn’t decide on the future of Bitcoin Cash. Therefore, on November 15th - the BCH will split into two rival chains: Bitcoin Cash ABC - Roger Ver’s side and Bitcoin Cash SV - Created by Craig Wright. This comes as a results of Ver and Wright disagreeing over the BCH’s future.The feud caught the fans attention, and the drama started coming yesterday - when Ray [REDACTED] created a thread with everything you need to know about the future BCH fork. This ‘war’ between billionaires is mostly childish - with each other throwing insults at each other. But Bitmain’s preparing for that war by deploying 90,000 S9 mining machines in Xinjiang. Wu Jihan is one of the latest self-made billionaire thanks to Bitcoin mining. This could have been one of the facts that brought a decrease in the Bitcoin price, as BCH lost around $2 Billions since their top value in November - funds that probably were exchanged directly to USD by BCH investors. These news weren’t appreciated by the traders - as after a 45.91% increase from November 2nd to November 7th, the BCH/USD pair dropped more than 4.8% percent. For more details, you may check the /r/bitcoincash subreddit as well as Cointelegraph’s article. Binance to Create a Research Wing for ‘Institutional-Grade’ Research Reports While others fight for power, Binance is pursuing forward into being the #1 entity in the blockchain & cryptocurrency space by launching a new division of Binance. Binance Research is a service that will create institutional-grade research reports with the main purpose of increasing the transparency & improve the quality of information in the cryptocurrency space. The Binance Research was launched one day ago and may be the pillar that cryptocurrency need for institutional investors to come along. The division already published two reports about LOOM Network (LOOM) and Gochain (GO). This is one of the best initiatives we’ve seen in the crypto space in a long time. The research done by their team is a comprehensive one with details about a cryptocurrency along with its purpose, team, trading data and many others. The future report will be one about Pundi X. We believe this service is among the best ones in the crypto space. With a service like this, people could avoid investing into cryptocurrencies with potential but with a poor team - such as Oyster (PRL). To keep in touch with their latest reports, you may check the Binance Research Twitter. BitTube Could Be The Bridge Between Crypto & FIAT - A user-friendly service According to a post created by Kamillenteo on /r/cryptocurrency, BitTube will have a service that could allow people to purchase cryptocurrency with Paypal. The main issue here from what we’ve understand is that you cannot buy BTC/ETH directly, but only TUBE - that you can use using Bit Tube’s Airtime extension ( More details about that on Youtube). BitTube doesn’t operate this on their own. So the chances of that service to be shut down are few to none. Their main partner is WireCards, which also have a partnership with Paypal, allowing users to buy TUBE tokens using PayPal for a 1-1.5% fee. Of course, the service doesn’t have an ulimited amount of crypto that you can purchase. The maximum that you can do it for now is 100 Euro. However, that’s not what BitTube was created for. BitTube wants to reward content creators in a new way - but a bit similar to Brave Browser’s idea. According to them, you can reward your favorite content creators from any website in the same way that Twitch works - or even with a direct donation. More details on BitTube’s Medium 93% of UK Residents Heard About Bitcoin, only 4% Bought it According to a study created by YouGov, 9 out of 10 Brits have heard about Bitcoin. From those, 4% declared that they understand Bitcoin ‘very well’, 23% stated they know it ‘fairly well’ - while the most % was on ‘Not very well’ or ‘Not at all well’. And the statistics also show that most of the people ‘ know someone that bought bitcoin’ while they personally chose not to invest in something like this. And most of the people that bought Bitcoin are the young aged ones, between 18 to 34 years old. We recommend you to read the full document here. Unfortunately, we don’t know how many people participated in this questionnaire to see how accurate are the details. What can we learn from this? The percentage of people that declared they know bitcoin ‘very well’ is equal to the percentage of people that bought it. Therefore, most of the Brits have problems understanding Bitcoin and his use case. According to the questionnaire, most of the Brits don’t believe in a cryptocurrency controlled by the people using it. This can be for a variety of reasons such as : They didn’t unde

5 days ago

Billions Wiped Out Of Market In Just Days

Since the 7th November, the global crypto market has lost around $6 billion of its valuation as it dropped from $220 billion to $214 billion where Bitcoin seemed to stay relatively stable. The day before this started, November 6th, some of the biggest currencies including Ripple, Ethereum, Bitcoin Cash, Cardano and Stellar were seeing some big gains of up to thirty percent with Bitcoin Cash skyrocketing 40 percent within just a two-day span. After demonstrating a significant increase in value, most of the major cryptocurrencies retraced which were expected amongst the majority of digital currency traders in the community. With the drop of Bitcoin Cash and other smaller market cap tokens to spark the fire, the cryptocurrency market recorded a dip of just under three percent in its valuation. However, on a monthly basis, the market rose by more than $16 billion since the middle of October from $198 billion to $214 billion. Since the 15th October, the crypto market added $22 billion to its valuation, rising by over eleven percent. A minor correction was expected following the massive eleven jumps within a thirty-day span. Despite a 2.7 percent drop in the valuation of the market, the number of major digital currencies still stay quite high. Earlier last month, the daily trading number of Bitcoin was hanging at about $3.2 billion. As of today, 9th November, the trading volume of Bitcoin on a daily basis remains above the $4.5 billion region and is up by 40 percent within the past few weeks. This noticeable jump in trading activity of Bitcoin and other currencies like Ethereum is attributable to the general increase in positivity and optimism towards the mid-term growth trend end of the market. Several traders look at Bitcoin futures market of Bakkt to act as a big catalyst for the next rally of Bitcoin, as unlike other futures trading platforms, Bakkt physically delivers Bitcoin to future contract holders. With this in mind, Institutional investors could impact the price of Bitcoin in a good way. As reported by CCN: “While the general sentiment towards BTC and major cryptocurrencies is positive, the recent crackdown on decentralized crypto exchange EtherDelta has led investors to be more cautious in investments in tokens.” What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Billions Wiped Out Of Market In Just Days appeared first on Crypto Daily™.

5 days ago

Cardano Based Crypto Exchange IronX Releases its Public Sale

The Cardano- (ADA) based virtual currency exchange IronX released its public sale. The hard cap has been set at $50,000,000 dollars. This sale is expected to last a month and… Continue reading "Cardano Based Crypto Exchange IronX Releases its Public Sale"

6 days ago

$6 Billion Wiped Out of Crypto Market in 48 Hours: Where to Next?

Over the last 48 hours, since November 7, the global crypto market has lost $6 billion of its valuation as it dropped from $220 billion to $214 billion, while Bitcoin remained stable. On November 6, major cryptocurrencies including Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Stellar (XLM), and Cardano (ADA) recorded large gains in the

6 days ago

Weiss Ratings Back XRP, ADA, XLM & EOS

The American crypto research firm Weiss Ratings has published the latest update of its popular digital currency ranking which evaluates over 100 tokens out of a total of more than 3000 studied cryptocurrencies. Despite this, only four were rated as ‘strong buys’ by the firm. According to the Ranking, the crypto coins get a rating ranging from grades E- to A+. If a crypto receives a B- or higher then it is considered to be a ‘buy’ when the rating is between C- and C+ it is considered a ‘hold’ whereas if it is lower than a d+ it is seen as a ‘sell’. So only four out of a hundred cryptos are classed as buys. According to the recent study, XRP, Cardano, Stellar and EOS were rated higher than a B which meant that the prestigious risk assessment recommends their purchase and accumulation in the short term. The reasons behind this are based on their potential. “These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.” As it says in the report, XRP and Stellar have as a guarantee, the potential to be useful be useful for traditional industries while Cardano and EOS will have a significant impact at the level of building decentralised communities. “XRP and Stellar are appealing to businesses and other organizations, mainly for speedy financial transfers. In contrast, EOS and Cardano are designed more as virtual communities, with each participant empowered to influence the future direction of the project, spanning a broad range of applications.” As said by Ethereum World News, the team at Weiss had a positive outlook about this small group of cryptos. To show off their enthusiasm, they invited several investors to do an exercise where they translate the current progress made by these blockchains into the near future. “Think about that. They’ve made remarkable progress during a period of massive investor losses, broad reputational damage to the industry, and worse. So imagine what their market performance could be like once the crypto markets firm up and investor interest returns in a big way!” For those who are wondering, the leading cryptocurrency got a rating of a C. The firm says that the crypto has much potential for adoption however it doesn’t have as many tech innovations in comparison to EOS and Cardano. What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Weiss Ratings Back XRP, ADA, XLM & EOS appeared first on Crypto Daily™.

6 days ago

Cardano Price Analysis: ADA/USD Trends of November 09-15, 2018

CoinSpeaker Cardano Price Analysis: ADA/USD Trends of November 09-15, 2018 Key Highlights: Cardano price may still fall; ADA market may resume its uptrend movement; the price is ranging on Long-term outlook. ADA/USD Price Long-term Trend: Ranging Supply Zones: $0.081, $0.088, $0.094 Demand Zones: $0.075, $0.069, $0.064Cardano is ranging on the long-term outlook. Last two weeks, ADA was in a bearish trend but could not break downside the demand zone of $0.069, that was the low reached on October 11. Last week, the coin was bullish within the range; the bullish pin bar formed at the demand zone of $0.069 signaled the return of the bulls that pushed the coin up to the supply zone of $0.081 but could not break up the zone that is the zone it reached on October 17. Cardano price has been ranging within the supply zone of $0.081 and the demand zone of $0.069 since October 7. The coin remains on the ranging phase until the bulls break up the supply zone of $0.081 or the bears break down the demand zone of $0.069. ADA price is between 21-day EMA and the 50-day EMA, while 50-day EMA is above the ADA price which indicates that ADA price is falling. Nevertheless, the MACD with its histogram is above zero level and the signal lines pointing towards the north which indicates that there are possibilities for upward movement if the bulls increase their momentum. ADA/USD Price Medium-term Trend: Bullish On the 4-H chart, Cardano is in the bullish trend. ADA price increased steadily last week as the pin bar formed on the dynamic resistance and support (21-day and 50-day EMA On October 31) which triggers the pressure of the bulls and ADA price was pushed up, broke up the former supply zone of $0.075 and $0.081 before it was interrupted by the bears. The bears pushed ADA price to the demand zone of $0.075. Cardano price is between 21-day EMA and 50-day EMA, while 21-day EMA is above the price and the two EMAs are a distance from each other which indicates uptrend is ongoing. The MACD with its histogram is below zero levels with signal lines point to the south, which indicates a sell signal. In case the demand zone of $0.075 holds, ADA price will resume its uptrend movement which may break the supply zone of $0.081 upside, but in case the bulls lose the pressure the demand zone of $0.075will not hold and the demand zone of $0.069 will be exposed as the target. Cardano Price Analysis: ADA/USD Trends of November 09-15, 2018

6 days ago

Cardano Price Analysis: ADA/USD Trends of November 09–15, 2018

CoinSpeaker Cardano Price Analysis: ADA/USD Trends of November 09–15, 2018 In case the demand zone of $0.075 holds, Cardano price will resume its uptrend movement which may break the supply zone of $0.081 upside Cardano Price Analysis: ADA/USD Trends of November 09–15, 2018

6 days ago

Cardano Price Analysis: ADA/USD Could Correct Towards $0.075

Key Highlights ADA price traded above the $0.0800 resistance before correcting lower against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.0785 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains at a risk of more declines below the $0.0770 and $0.0760 levels in the near term. Cardano price is currently correcting lower against the US Dollar and Bitcoin. ADA/USD could slide towards $0.0750 if sellers remain in action in the coming sessions. Cardano Price Analysis In the last analysis, we discussed that cardano price could climb higher towards the $0.0800 level against the US Dollar. The ADA/USD pair did gain pace and it not only tested the $0.0800 level, but buyers pushed the price towards $0.0820. A high was formed at $0.0821 and settled above the 100 hourly simple moving average. Later, there was a downside correction and the price declined below $0.0800. During the slide, there was a break below a major bullish trend line with support at $0.0785 on the hourly chart of the ADA/USD pair. The price also declined below $0.0790 and the 100 hourly simple moving average. It traded as low as $0.0766 and is currently correcting higher. An initial resistance is 23.6% Fibonacci retracement level of the last decline from the $0.0821 high to $0.0766 low. However, there is also a major bearish trend line with resistance at $0.0780 on the same chart. Therefore, an upside break above $0.0780 may push the price back above the $0.0800 level. The chart indicates that ADA price is at a risk of a downside break towards the $0.0750 support. If sellers remain in action, the price may perhaps slide further towards the $0.0737 support area. Hourly MACD - The MACD for ADA/USD is slowly moving in the bearish zone. Hourly RSI - The RSI for ADA/USD is moving higher and it could settle above the 50 level. Major Support Level - $0.0750 Major Resistance Level - $0.0780 The post Cardano Price Analysis: ADA/USD Could Correct Towards $0.075 appeared first on NewsBTC.

6 days ago

Cardano [ADA] Reddit AMA session clears the air about reward sharing schemes as stake pools impend

The Cardano [ADA] team recently conducted an ‘Ask Me Anything’ session on Reddit regarding the reward schemes in their stake pools. The session was conducted by Aggelos Kiayias, Chief Scientist at IOHK, in conjunction with Lars Brünjes, Elias Koutsoupias and Aikaterini-Panagiota Stouka, the co-authors of the paper to implement the reward schemes. The session was kick-off by user mchapman1989, who asked whether he would be able to stake ADA using a Ledger hardware wallet and Raspberry Pi computer. In response, Kiayias answered to the affirmative, clarifying that staking meant delegating the user’s stake to a pool and receiving rewards from it. User Jonne33 pitched in as well, stating: “Once delegated you can put your ada on Ledger or even on a paper wallet. You don’t need to be online after that (ie you don’t need raspberry pi or something). Raspberry Pi can be used initially for accessing your Ada and delegating it via Linux Daedalus client (still in development) or via different light wallets which are popping up currently.” User Gr3cu enquired about an alternative to economic incentives being a part of the scheme for staking scheme. His alternatives included real-time information or advice by a system observing the pools. He also stated that he would be up for even a separate pool operated by a party such as IOHK that could be trusted with ADA. Gr3cu then proceeded to ask whether the said entity could manage the ADA to increase the performance of the network at the expense of stake rewards. In response, Kiayias stated: “In general, it is hard to get reliable performance metrics / advice that are not attackable or involve a single point of failure. The wallet will provide some input to the stakeholders about what pools are performing as they should using information drawn from the blockchain . In any case IOHK will be like any other entity in the ecosystem without any special role or access.” User nel0_angel0 had a question on the general functioning of Cardano, as it was a worldwide organization. He asked whether this does not hinder work, with the response from Kiayias being: “It is challenging but we take full advantage of all kinds of online communication + regular teleconferencing. In academic research we are used to work like this anyway since many projects are cross institution / organisation and work involves traveling and international coordination on a daily basis.” The post Cardano [ADA] Reddit AMA session clears the air about reward sharing schemes as stake pools impend appeared first on AMBCrypto.

6 days ago

XRP, Stellar, EOS and Cardano Rated as The Best Coins by Weiss Cryptocurrency Ratings

Weiss Ratings published the latest update of its popular cryptocurrency ranking, evaluating 111 tokens out of a total of more than 3000 studied cryptos. Only four cryptocurrencies were rated as strong buys by the firm. According to the Ranking, the crypto coins get a rating ranging from E- to A+. A cryptocurrency is considered as “Buy” when it has a rating higher than B-, if the rating is between C- and C+ it is considered a “hold” whereas if it is lower than D+ it is considered a “Sell.” Only 4 Out of One Hundred Are “Buys” According to the recent study, XRP, XLM, ADA, and EOS were rated higher than “B,” meaning that the prestigious risk assessment firm recommends their purchase and accumulation in the short term. The reasons behind this are based on their potential: “These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.” According to the report, XRP and Stellar have as a guarantee, the potential to be useful for traditional financial industries while EOS and ADA will have a more significant impact at the level of building decentralized communities: “XRP and Stellar are appealing to businesses and other organizations, mainly for speedy financial transfers. In contrast, EOS and Cardano are designed more as virtual communities, with each participant empowered to influence the future direction of the project, spanning a broad range of applications.” Weiss Ratings: Looking at The Future The Weiss team was quite bullish about this small group of cryptos. To convey their enthusiasm, they invited traders to do a mental exercise in which they translate the current progress made by these blockchains into the near future: “Think about that. They’ve made remarkable progress during a period of massive investor losses, broad reputational damage to the industry, and worse. So imagine what their market performance could be like once the crypto markets firm up and investor interest returns in a big way!” Bitcoin got a rating of C. The cryptocurrency has much potential especially in adoption; however, it did not have as many technological innovations as other developments (e.g., ADA and EOS). The team mentions that the rating can go up once Lightning Network becomes a reality, however they are aware that “that could take a lot more time.” The post XRP, Stellar, EOS and Cardano Rated as The Best Coins by Weiss Cryptocurrency Ratings appeared first on Ethereum World News.

6 days ago


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