Cardano ADA

$0.0461
Market Cap $ 1.195 Bn (#11)
24h Volume $ 22.984 MM
Chg. 24h: 4.44%
Algo. score 4.3/5  (#16)
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Cardano News

XLM, ADA, and DGB Set to Take the Crypto Space by a Storm

Cryptocurrencies like BTC, XRP, and TRX have remained dominant in the crypto sphere since the 2017 rally that saw the entire market post significant gains. However, some altcoins have been making substantial progress behind the scenes and are set to disrupt the crypto market. These are XLM, ADA, and DGB. XLM is preparing to launch a cross-border remittance system, while DGB boasts incredible security. On the other hand, ADA has an impressive infrastructure. Due to these facts, these digital currencies are poised for greatness as their use cases will be on the rise in 2019. (VK)

5 hours ago

Cryptocurrency Price Prediction 2019: Stellar [XLM], Cardano [ADA], XRP to See High Gains while Tron [TRX] Expected to Lose

According to the latest cryptocurrency price prediction 2019 report by Finder, the six panelists discussed the upcoming fate of the 8 top cryptocurrencies by market cap. Bitcoin (BTC): Bearish in 2019 The leading cryptocurrency has the highest prediction for February at $4,800 by Digital Capital Management COO Ben Ritchie while Bitcoin developer Jimmy Song predicts the lowest value at $2,103 as he says, “They’re more or less random numbers. Hard to predict without knowing what news comes out between now and then.” As for 2019 end, the prices are predicted by the panelists to be around either $6,500 or $8k, however, Fred Schebesta of Finder itself is extremely bearish on Bitcoin at $2,760. Stellar (XLM): The Money Maker of 2019 The 6th largest cryptocurrency is expected to rule 2019 as it is picked to see the highest growth in the market. For February 1, the biggest number for XLM is $0.67 and the lowest at $0.01 as it has “broken from a strong base, now looks a bit weak on the charts.” By the year-end, a 260% increase is predicted for XLM which is “in growth mode, working on a scalable blockchain, looking for projects that can take off. This could be the year.” Ben Ritchie says, “Stellar Lumens has gained a large amount of respect in 2018, as it continues to build a public blockchain that solves problems. “ Cardano, Ether, XRP, and EOS: Good Growth Expected ADA is predicted to have a good year with over 90% growth by 2019 end as Joseph Raczynski says, “Another great project still looking to bake more projects in search for the killer app.” The second largest cryptocurrency XRP is predicted to hit losses this month but a rise of 44% to $0.52 at the year’s end. Ben Ritchie believes in XRP as “They have announced some infrastructure tech in 2018 and it “has one of the largest and most coordinated groups of developers of all cryptocurrencies in Ripple Labs.” He also says, “almost a certainty is that XRP will follow its traditional pattern and undergo another pump and dump in 2019.” EOS is “Yet another project where people are looking for formal use cases that work. This one, though more centralized, has potential,” says Joseph Raczynski. With 77% yearly growth, EOS holds promise but the monthly prediction is not positive. By December 31, 2019, Ether is predicted to rise above $200 with 55% growth, however, losses are predicted by this month end. “The great altcoin winter is here,” summarized Jimmy Song. Tron (TRX): Gonna Lose in “Altcoin Winter” Tron is expected to lose the highest in January with over 52 percent loss predicted to $0.0093. However, this year end will see it with only a slight decrease of 0.32% to $0.0192. However, Joseph Raczynski believes TRON will be valued at $0.022 by February 1st and $0.05 by December 31st as he explains, “The latest news coming out of the TRON game is transaction speed, which is what most projects are trying to figure out. If they indeed have passed a milestone in speed, this will pick up.” Let us know what you feel about this cryptocurrency Price prediction 2019? The post Cryptocurrency Price Prediction 2019: Stellar [XLM], Cardano [ADA], XRP to See High Gains while Tron [TRX] Expected to Lose appeared first on Coingape.

a day ago

Can Bitcoin’s price increase drive the market forward?

Although the cryptocurrency market is showing green at the present, it is in a state of recovery from a recent dip in price and trading volume. At the time of writing, Bitcoin and the leading altcoins are increasing at a slow pace, which could either continue at a gradual incline, spike suddenly or dip further. As pointed out by eToro Senior Market Analyst Mati Greenspan, cryptocurrency often follows its own trend, regardless of what the stocks, gold, and the US dollar are doing: Crypto just DGAF! Correlation between bitcoin and gold, USD, and the stock market has moved to zero this year. Whatever turmoil is hitting the global financial markets crypto don’t care. pic.twitter.com/7Z1qqFCYpR — Mati Greenspan (@MatiGreenspan) January 17, 2019 Data taken from Coin360.com shows the green flush across the board, with hints of red from the altcoins such as Cardano, Monero, and Tether. The major movers are pushing marginal green, with Tron, EOS, and Binance Coin moving up steadily. Over the past week, Bitcoin has been hovering around the $3.600 USD - including the moderate dip and subsequent reverse upward trend - and is gaining incrementally. The chart taken from CoinMarketCap shows the movement of the price of Bitcoin price over the week. At the time of writing, Bitcoin is trading for $3,669.69 USD, which is a 0.90% increase in day-on-day trading. If the token goes into the weekend with increasing value, it might see an upsurge before the new week kicks off. Comparing Bitcoin’s price movements to other altcoins, such as Tron’s, the altcoin is imitating Bitcoin and is rising and falling in trend. The market charts blatantly show the swings that the tokens are following. Looking at Cardano which is currently in the red, the cryptocurrency’s movement is similarly modelled by Bitcoin. If the major token can spike, the rest of the market’s trajectory will follow in kind. The post Can Bitcoin’s price increase drive the market forward? appeared first on Coin Insider.

a day ago

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

The total crypto market cap broke a major resistance near the $117.00B level. EOS price broke the $2.50 resistance and it may rise towards the $2.62 level. Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance. Tron (TRX) price is up more than 3% and it seems like it could test $0.0262. IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level. The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple, and altcoins like IOTA, TRX and ADA may climb higher. Bitcoin Cash Price Analysis Bitcoin cash price found a decent support near the $125 level and later started a fresh upward move. BCH/USD recently broke the $130 resistance to move into a positive zone. The price may continue to climb higher and it could test the $135 and $136 resistance levels in the near term. On the downside, an immediate support is at $130, below which the price could retest the $128 and $126 support levels. EOS, Tron (TRX) and IOTA Price Analysis EOS price is trading with a positive tone and it recently broke the $2.45 and $2.50 resistance levels. The next stop for buyers could be $2.62, above which buyers are likely to push the price towards the $2.80 level. Tron started a fresh upward move and gained around 3%. TRX is trading nicely above the $0.0250 level and it may continue to grind towards the $0.0260 and $0.0265 resistance levels. IOTA (MIOTA) performed really well recently and traded up by more than 7%. The price is cleared the $0.3050 and $0.3100 resistance levels, opening the doors for a run towards the $0.3250 and $0.3300 resistances. Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move after a test of the $115.00B support level. The market cap gained traction and it recently surpassed a crucial bearish trend line with resistance at $117.20B on the hourly chart. It has opened the doors for more gains towards the $120.00B and $124.00B level. Hence, there are chances of a decent recovery in bitcoin, ETH, tron, litecoin, EOS, ripple, XLM, ICX and other altcoins in the near term. The post Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis appeared first on NewsBTC.

a day ago

Bold Price Predictions For Stellar (XLM) and Cardano (ADA) in 2019

Crypto predictions are always taken with a pinch of salt. They are essentially just guesswork based on a few fundamentals and snapshots of the market at any given time. There is no doubt though that predictions for future prices of crypto assets are incredibly popular, and the latest from Finder have made some bold assertions. Stellar and Cardano up, Litecoin and Neo down Using a panel of industry insiders Finder has set out to publish an updated list of insights for various cryptocurrencies each month. For this, their first month, the panel of six have analyzed and will predict movements of eleven crypto assets with a predicted change in price between now and the end of the month and one for the end of 2019. Panelists include Ben Ritchie COO of Digital Capital Management, Fred Schebesta, CEO and Cofounder, of Finder.com, and technologist Joseph Raczynski. In the short term most altcoins are predicted to drop further by the end of January with the exception of Stellar and Cardano which they expect to climb by 84% and 43% respectively by February 1st. The caveat, however, is that there is no fundamental reasoning to back up these bold predictions, the article just posts the figures. All of the other altcoins examined are predicted to fall in the next two weeks with Tron predicted to dump the most at 52%. This one is bizarre considering TRX has been one of the better recovering crypto assets during the bear market. Over the past month alone it has recovered 78%. The inclusion of Dogecoin is also a little strange as is the exclusion of IOTA or DASH but it is there and has been predicted to lose 47% by February first. The longer term predictions are more interesting with dollar and percentage gains guessed for the end of December 2019. According to the panelists Stellar Lumens is expected to surge 260% ending the year at $0.41. Big gains have also been predicted for Cardano which will end the year at $0.08, 91% higher. Bitcoin will end the year up 84% at $6,947 according to the team and EOS up 77% to $4.68. Ethereum is only expected to make 55% back by the end of 2019 taking it over $200 again but only just with a market capitalization of just over $20 billion. XRP is not expected to do that well either in 2019 with a 44% gain to $0.52 predicted. A few altcoins have been predicted to end the year even lower than they are now, with DOGE losing the most dumping a prophesied 75%. According to the panel 2019 will be a bad year for Litecoin and NEO also with losses of 23% and 26% respectively. Price predictions are just that, a stab in the dark. It would be interested to see how many of these panelists have put their money where their predictions are. XLM would be the prime bet for all of them it seems. The post Bold Price Predictions For Stellar (XLM) and Cardano (ADA) in 2019 appeared first on NewsBTC.

a day ago

Cardano Price Analysis: ADA/USD Trends of January 18-24, 2019

CoinSpeaker Cardano Price Analysis: ADA/USD Trends of January 18-24, 2019 Key Highlights: Cardano price resume another consolidation mode; the breakout to the south may bottom the coin at previous low; ADA price may have its target at $0.058 in case it breaks out to the north. ADA/USD Price Long-term Trend: Ranging Supply Zones: $0.050, $0.058, $0.068 Demand Zones: $0.042, $0.032, $0.021ADA commences a ranging trend on the long-term outlook. Cardano price fell to the demand zone of $0.042 from the high of $0.058 with the aid of a bearish engulfing candle. Three days after, the coin broke the demand zone of $0.042 downside, the bearish momentum was lost and the bullish bottom tweezer candle formed which pushed up ADA price above the $0.042 price level where it started moving sideways. The ADA price is currently ranging within the range of $0.042 and $0.050 price level. The two EMAs are already closed to each other with Cardano price trading directly on the 21-day EMA and the 50-day EMA which indicates that consolidation is ongoing. However, the Stochastic Oscillator period 14 is above 30 levels with the signal lines pointing upward which connotes buy signal. In case the bulls gather momentum and break up the supply zone of $0.050 the coin will resume its uptrend and may have its target at $0.058 supply zone. ADA/USD Price Medium-term Trend: Bullish ADA/USD is bullish on the medium-term outlook. Immediately the coin bottomed at $0.042 demand zone on January 10 it started consolidation till January 13 when a bearish momentum rolled down the coin towards the demand zone of $0.032 after broken down the demand zone of $0.042. At that point the bulls rejected the price declination, bullish engulfing candle formed which reversed the trend, the two dynamic resistances was penetrated to the north and the price is placed above the $0.042 price level. Cardano price is consolidating on the 21-day EMA and 50-day EMA. The Stochastic Oscillator period 14 is above 60 levels with signal lines interlocked not yet showing any direction indicates that consolidation is ongoing in which it will soon break out. The breakout to the south may place the coin at its previous low of $0.032. Cardano Price Analysis: ADA/USD Trends of January 18-24, 2019

a day ago

BTC will rise 80%, XLM 260%, ADA +99% and ETH 55%. DOGE will dump -77% by Dec 31, 2019. TRX -52% this Month, Panel of Experts Predicts

A group of experts in the field of crypto/blockchain and fintech leaders from around the world predicted that 2019 will be a good year for the crypto ecosystem, with significant price growth - albeit well below the figures recorded during 2017. According to a report published by Finder.com, a monthly survey made to a group of 6 experts concluded that most of them have a bullish vision for 2018. However, the forecast for the next 30 days does not seem to be very optimistic. The surveyed experts were Craig Cobb (trader and founder of tradercobb.com), Fred Schebesta (CEO of finder.com and hiveex.com), Jimmy Song (Venture partner at BLOCKCHAIN CAPITAL LLC & instructor at PROGRAMMING BLOCKCHAIN, author of the book Programming Bitcoin: Learn How to Program Bitcoin from Scratch), Alisa Gus (CEO of Wishknish), Ben Ritchie (COO of Digital Capital Management and CEO of Bitcoin Advisors) and Joseph Raczynski of joetechnologist.com. For the month’s survey, panelists opined on a set of 11 cryptocurrencies. Among them are eight from the top 10 cryptos by total market cap (except BCH and BSV) and three cryptos of special popularity in the community: XMR, NEO, and Dogecoin. The group of panelists expects a bullish yearly performance (imagine a candle that represents the price fluctuation during a year) in 8 of the 11 consulted cryptos; however, their expectations for February are quite bearish in practically all cryptocurrencies, except for Stellar Lumens and Cardano. Stellar Lumens (XLM) The case of Stellar Lumens (XLM) is curious because although there is no information or event that generates such high expectations, all panelists except for Jimmy Song (who is bearish in everything but BTC) and Craig Cobb were quite optimistic about the price performance of Ripple’s direct competitor. Bitcoin (BTC) Regarding Bitcoin, all analysts were optimistic about the price in the coming months, with the exception of Jimmy Song who talks about values close to 2103 USD by the end of February and Fred Schebesta who predicted a price of 2160 USD. Within a year, they were all bullish except Mr. Schebesta. Ether (ETH) As for Ether (ETH), 4 of the six panelists showed a bearish view for the next month with an average prediction of a 17% decline over the next 30 days; however, all but Jimmy Song and Fred Schebesta were bullish over one year with an average prediction of 55% growth (218 USD per ETH). Dogecoin (DOGE) Dogecoin seems to be doomed according to the panelist. Only two experts shared their opinions about this altcoin. The average prediction for the next 30 days is bearish: -47% and they expect the altcoin dips 75% by the end of the year going from $0.00237 to $0.0006 Tron (TRX) Tron is another crypto that experts seem to be hyped right now. The panelists expect a price correction that will last this whole year. Of the 3 that participated in the answers, Jimmy and Schebesta were bearish whereas Joseph Raczynski was a little bullish. The average prediction for the next 30 days is of $0.0093 which represents a decline of 52% compared to current prices. The average prediction by Dec 31, 2019; is of $0.0192 which is relatively stable, with a drop of only -0.32% Investment and Hodling Regarding their blockfolio, the experts said they hold the following tokens: Craig Cobb: BTC, ADA, ETH, XLM. Alisa Gus: BTC, ETH, Knish. Fred Schebesta: ETH, EOS. Joseph Raczynski: At one point I have owned some of the top 10. Jimmy Song: BTC. The post BTC will rise 80%, XLM 260%, ADA +99% and ETH 55%. DOGE will dump -77% by Dec 31, 2019. TRX -52% this Month, Panel of Experts Predicts appeared first on Ethereum World News.

2 days ago

Stellar [XLM] Price Prediction: Price Broke Out of the Descending Wedge, What Is Next?

Long-Term Outlook Stellar Weekly Logarithmic Chart - Source: Tradingview.com A look at the Weekly chart for Stellar in logarithmic form shows that price broke the long-standing support line at $0.2 in mid-November and is now close to the first major support area in $0.07-0.09. Price is facing resistance from the 7,21, and 50-period Moving Averages and the Ichimoku cloud. Medium-Term Outlook Stellar 3-Day Chart - Source: Tradingview.com A look at the 3-day chart gives similar information. Price is facing resistance from all the moving averages, and multiple bearish crosses have occurred. However, the MACD has made a bullish cross and is heading upward. Finally, the RSI is at 35, almost indicating oversold conditions. Stellar Daily Chart - Source: Tradingview.com A look at the Daily chart provides a more positive outlook. There is a significant bullish divergence in the RSI and the 7 and 21 period moving averages and close to making a bullish cross. However, the price is below all the moving averages and the Ichimoku cloud. Short-Term Outlook and Price Prediction Stellar 12-Hour Chart - Source: Tradingview.com Finally, a look at the 12-hour chart gives us a structure in which price is trading in. Price broke out of the descending wedge on December 17th and is currently close to the mini support area at $0.09-0.1. Furthermore, there is significant bullish divergence developing in the RSI. Price Prediction: Therefore, I believe that in the short-term price is heading for $0.014 (the recent high) and in the medium-term, it will make a run for $0.018 (top of the wedge). Conclusions: Price is close to the support area at $0.07-0.09. There is some bullish divergence developing. Price recently broke out of a descending wedge. Latest Stellar News: Price Analysis: Bitcoin, Ethereum, XRP, Stellar, Litecoin, Cardano, EOS, IOTA, Tron, and Dogecoin DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Stellar [XLM] Price Prediction: Price Broke Out of the Descending Wedge, What Is Next? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2 days ago

Altcoins Daily Preview: Monero (XMR) and Cardano (ADA) Headwinds, Sellers Firm

Latest Cardano News Cardano’s objectives are not far-fetched. By taking a slow and measured approach in dealing with a “machine” that will in the future handle financial transactions as well as comply with regulators requirement demands diligence. Read: Five More 2019 Crypto Predictions From Industry Executives There should be a high level of conscientiousness and thoroughness. Without a doubt, this is the reason why Cardano and Charles Hoskinson decided to path find, open up new avenues, allow researchers to cross check and certify code while holding supervisors accountable in a strict quality assurance move. It is solely because of these checks that the project is lagging. Notwithstanding, they simultaneously researched and published a side chain, proof of concept white paper meant for Proof of Stake system that they. For their innovation, the team made up of Kiayias Zindros, Peter Gazi and Dionysis Zindros—were invited at the Oakland Cybersecurity Conference. Also Read: Bittrex Has Launched a Cryptocurrency Over-the-Counter (OTC) Trading Desk At this pace and despite the delay, commentators are arguing that perhaps ADA and Cardano may in the long term outperform platforms as Ethereum. Founding their stand is the fact that Cardano is striking milestones and as a project funded solely by the community, their motivation is to create a working platform, benefit initial investors before thinking of profit. Cardano (ADA/USD) Price Analysis By adding 2.6 percent in the last day, ADA is back to the top 10. Although sellers are in pole position to drive prices lower—ADA/USD is after all trading within a bear breakout pattern set in motion by Nov 29 losses, bulls appear to be in charge rising as ADA expand in a retest phase. Note that unless otherwise there are sharp spikes above 6 cents, conservative traders should stay in the sidelines. On the other hand, aggressive traders can initiate longs at spot rates with stops at Dec 28 lows of 3.6 cents. First targets will be 9.5 cents and we expect momentum to pick up more so when prices rally above Jan 10 highs. Monero (XMR/USD) Price Analysis Like most coins, XMR is range bound as prices are held within Jan 14 high low. What’s more, Monero found support at $40 or Dec 28 lows which means the bull flag pattern of late Dec and early Jan is valid. Besides, when we paste a Fibonacci retracement tool between Dec 2018 high low then it is clear that XMR is bouncing off the 78.6 percent Fibonacci level, a key reaction level where we expect prices to rally towards $60, a bull trigger line. After all, prices are accumulating and from an effort versus result perspective, bulls have an upper hand. However, conservative traders should wait for clear breaks above $60 with first targets at $75. All charts courtesy of Trading View—BitFinex This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: Monero (XMR) and Cardano (ADA) Headwinds, Sellers Firm appeared first on Ethereum World News.

2 days ago

Cardano (ADA) Remains Bullish, Could Revisit $0.0500

ADA price corrected lower and found support near the $0.0400 level against the US Dollar. There is a major bullish trend line formed with support at $0.0415 on the 4-hours chart (data feed via Kraken). The price is trading with a positive bias and it may continue to grind towards $0.0480 or $0.0500. Cardano price is placed nicely in an uptrend against the US Dollar and Bitcoin. ADA could gain bullish momentum towards $0.0500 if there is a clear break above $0.0465. Cardano Price Analysis After a massive rally above the $0.0550 level, cardano price started a downside correction against the US Dollar. The ADA/USD pair declined below the $0.0500 and $0.0465 support levels to trim most its gains. It even traded below the $0.0420 support before buyers emerged near the $0.0400 support. A swing low was formed near $0.0391 before the price started an upward move. Buyers gained strength recently and pushed the price above $0.0420. The price even traded above the 23.6% Fibonacci retracement level of the recent decline from the $0.0546 swing high to $0.0391 low. Currently, the 55 simple moving average (4-hours) is acting as a resistance near the $0.0450 level. The next key resistance is near the $0.0465 and $0.0466 levels. Besides, the 50% Fibonacci retracement level of the recent decline from the $0.0546 swing high to $0.0391 low is near $0.0469. Therefore, a proper break above the $0.0465 and $0.0469 levels may clear the path for more gains. The next stop for buyers could be $0.0500 or $0.0515. An intermediate resistance is $0.0487 and the 61.8% Fibonacci retracement level of the recent decline. On the flip side, if there is a downside correction, the $0.0435 and $0.0420 levels may act as support. The chart indicates that ADA price remains well supported on the downside above $0.0400. There is also a major bullish trend line formed with support at $0.0415. Therefore, there are high chances of more gains above $0.0465 and $0.0480. Technical Indicators 4-hours MACD - The MACD for ADA/USD is moving nicely in the bullish zone. 4-hours RSI - The RSI for ADA/USD is well above the 50 level, with a bullish angle. Key Support Level - $0.0420 Key Resistance Level - $0.0465 The post Cardano (ADA) Remains Bullish, Could Revisit $0.0500 appeared first on Live Bitcoin News.

2 days ago

Crypto Market Wrap: Binance Coin Buoyed By New Fiat Exchange

Market Wrap Crypto markets haven’t done much over the past 24 hours, the top ten is flat, Cardano and Binance Coin gaining slightly. There has been very little movement in crypto markets over the past 24 hours. No further dumps have been initiated which has kept total market capitalization just above $120 billion for another day. Bitcoin has held above $3,600 support but only just. It reached an intraday high of $3,685 before pulling back again, currently down a third of a percent on the day. This time last week Bitcoin was still over $4,000 but since the big dump it has remained flat, consolidating in this tight range for now. There has been still no movement in the Ethereum camp which is lulling around $120, exactly where it was this time yesterday. XRP has fallen back a little reducing the market cap gap between second and third places to $600 million. The top ten is completely flat with no altcoins moving more than a percent in either direction. EOS is the only token in the green but gains are negligible and Bitcoin Cash is dropping the most as usual. There are a couple of coins making moves in the top twenty but gains are only 3% or so. Cardano, Binance Coin and Maker are the only ones gaining, BNB buoyed 4% by the news of a new Binance fiat exchange launch in Jersey. The rest are totally flat or falling back a fraction of a percent. Official Launch of #Binance's EUR/GBP Fiat Exchange - https://t.co/FW7TuvT7pohttps://t.co/BG7cKD5Ukg pic.twitter.com/36R626Rxle — Binance (@binance) January 16, 2019 Two altcoins are getting the big dose of fomo during the Asian trading session today. Augur and Loopring are both pumping 45% at the time of writing. Power Ledger is also flying with 32% added on the day and Status has made 25%. Getting dumped are Buggyra Coin shedding 16%, followed by Aurora and Dentacoin dumping 12% each. Total crypto market capitalization is exactly where it was this time yesterday, $121 billion. Markets did gain $2 billion over the past 24 hours but lost it again equally as fast. Daily volume has remained steady at $16 billion. This time last week the big dump started but since then markets have been trading sideways. Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Binance Coin Buoyed By New Fiat Exchange appeared first on NewsBTC.

2 days ago

Cardano [ADA] Prices Soars As Ethereum’s Delayed Hard Fork Causes Uncertainty

Cardano ADA has been performing exceptionally well for the last couple of hours in what has been a fairly bearish market. At the time of press, Cardano has soared by over 3% and is now trading for a little over $0.044. Cardano’s bullish charge comes in the wake of a milestone achievement from the network. On Jan 09, Charles Hoskinson announced that Cardano’s sidechain paper had been accepted on the Oakland cybersecurity conference. This is a major conference that will see Cardano receive great exposure. Cardano is also expecting a major boost in the coming days with its Shelley phase expected to launch in Q1 2019. This phase will see the Cardano blockchain move from its current Byron phase and become fully decentralized. In the coming days, Cardano should continue being largely bullish as more positive news emerge and the network continues to expand on its adoption. The wider market is today recording marginal drops with no major movements from top tier cryptocurrencies. Bitcoin BTC is at the time of press trading around $3,670 after a slight drop from $3,700. XRP, on the other hand, is trading a little over $0.33, recording a marginal gain of 0.30%. Ethereum ETH Response To Constantinople Hard Fork Delay The upgrade on the Ethereum network has been anxiously awaited with “cautious optimism”. While everyone was looking forward to the improvements that would be born out of it, there was no telling what was going to go wrong during or after the upgrade. On Jan 15, hours away from the upgrade, the Ethereum team canceled the upgrade- temporarily at least. The delay on the upgrade came after a red flag was raised on a potential loophole that could allow hackers to attack the network. Now, a new date for the upgrade is expected to be issued on the 18th of January during the next development meeting. The delay doesn’t seem to have affected Ethereum ETH prices by much. At the time of press, Ethereum is recording marginal losses and is trading for $126. Ethereum was on a bullish run for the better half of yesterday but following the announcement, Ethereum dropped from $129 to a little over $120. A price correction has seen Ethereum make a recovery and close on to yesterday’s highs. The vulnerability, which was flagged off by ChainSecurity, although well timed will see more investors get cold feet in regards to the upgrade. The post Cardano [ADA] Prices Soars As Ethereum’s Delayed Hard Fork Causes Uncertainty appeared first on ZyCrypto.

3 days ago

Tron Fundamentals Continue to Strengthen With New Exchange Partnerships

There are very few crypto assets that have strong enough fundamentals at the moment to keep the bears away but Tron is one of them. Almost daily announcements from the team are keeping TRX buoyed while those around it continue to sink. Two More Tron Exchange Partners Added Several new developments and partnerships have kept Tron in the top ten while the likes of Bitcoin SV and Cardano have been floundering. This week a number of new partnerships have been announced by Justin Sun and his marketing machine which could keep the momentum going. Coingate, which started out in 2014, has recently listed Tron and TRX payments for merchants. According to the company blog Lithuanian based Coingate is more of a payments gateway rather than a crypto exchange; “By facilitating payments between TRX shoppers and online vendors, we aim to become a significant part of the TRON ecosystem and contribute to further growth of the community.” In addition to Coingate, the ABCC exchange has just partnered with the Tron team to become the first exchange to list TRC-10 tokens; We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens - We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn — ABCC Exchange (@ABCC_Exchange) January 15, 2019 TRC-10 is a technical token standard supported by the TRON blockchain natively without the Tron Virtual Machine according to the developer docs whereas TRC-20 uses the TVM and is ERC-20 compatible. The TRC-10 tokens have a thousand times lower transaction fee with an easier developer learning curve and accessibility via API. Singapore based ABCC, like Coingate may not be one of the biggest exchanges on the planet but it is all good news for Tron adoption and expansion. In addition to these new outlets for Tron and its tokens is the upcoming niTROn summit that is due to start tomorrow in San Francisco. T-2 days left for #niTROnSummit 2019 in San Francisco, see you there on Jan 17th - 18th. More information, please visit https://t.co/l4yRe5JUvh #TRON #TRX $TRX #niTROn2019 pic.twitter.com/TWvXez8DOp — TRON Foundation (@Tronfoundation) January 16, 2019 In addition to Justin Sun, speakers at the conference include former pro basketball star Kobe Bryant, Head of Binance Labs, Ella Zhang, former US Securities and Exchange Commission Officer, David Lahbart, and Tim Byun, CEO of OKCoin USA among others. The summit will be a showcase for all things Tron and is expected to attract thousands of attendees. TRX has actually dropped back a little today and is posting a 4% decline during Asian trading to an ominous 666 satoshis or $0.024. Over the week it is down 7% but most other altcoins have fallen a lot further. The monthly view is much more promising with gains of over 85% for TRX which also hit a five month high last week and exceeded $2 billion market cap. Image from Shutterstock The post Tron Fundamentals Continue to Strengthen With New Exchange Partnerships appeared first on NewsBTC.

3 days ago

Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentum

Despite being just over two months old, Bitcoin SV has made its mark on the collective market. From being backed and lauded by Craig Wright as the true Bitcoin Cash to even overtaking BCH on the global coin ladder, for a brief spell albeit, BSV now caps off the top-10 and is ahead of major coins like Cardano [ADA], IOTA [MIOTA] and Monero [XMR]. Bitcoin SV is currently trading at $77.29 with a market cap of $1.35 billion at press time, leading Cardano by over $200 million. The cryptocurrency is best represented, in terms of trading volume on Bit-Z, accounting for $6.86 million or 11.48 percent of trading volume in the BCHSV/BTC trading pair. 1-hour Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentumTwo prominent downtrends are observed in the one-hour BSV price chart, the first extending from $89.24 to $76.18 and the second one from $85.96 to $78.62, which occurred at the beginning of the week. Between the two downtrends, the coin experienced an uptrend from $75.77 to $85.48. The immediate key support level for the coin is placed at $76.18, which the coin is inching towards. The key resistance level of the coin was $87.71 and has since dipped to $82.57. The Chaikin Money Flow indicates that the coin is trading in a bearish market as the CMF line is below 0, showing that investors are withdrawing their money from BSV. The MACD Line indicates that the coin moved into a bearish territory at 1200 UTC on 15th January. The Bollinger Band indicates that the volatility of Bitcoin SV is decreasing as the price movement begins to decrease. The Moving Average line points to a bearish trend. 1-day Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentumAfter the initial few weeks of the Bitcoin Cash hardfork, Bitcoin SV was on a steep downtrend extending from $210.35 to $86.52. From the close of November to mid-December, the coin enjoyed an uptrend from $41.43 to $67.81. The immediate key support level of the coin is placed at $75.44, which the coin is nearing, while previous support levels were recorded at $69.09 and $49.92. The immediate key resistance level of the coin was recorded at $114.67, which the coin breached in December. The Relative Strength Index shows a declining trend as investors are selling off their BSV coins, with the RSI pegged at 39.99. The Parabolic SAR indicates a bearish market as the dotted lines are aligned below the coin’s trend line. The Awesome Oscillator points to a bullish market as the AO lines have turned green. Conclusion Bitcoin SV has been on a declining trend since the coin began trading post the hardfork in November 2018. Despite a few brief uptrends in late-December and early-January, the coin’s price has been falling. All the major indicators are now pointing to a bearish spree, with coin closing in on its support level. The post Bitcoin SV [BSV] Technical Analysis: BSV remains in the top-10 but fails to find momentum appeared first on AMBCrypto.

3 days ago

Charles Hoskinson: Is The Cowboy Academic Riding Off Into The Sunset?

As the public face of Cardano (ADA) and the CEO of IOHK, Charles Hoskinson is a well-known figure within the cryptocurrency industry. Hoskinson is a recognized authority; striding atop the world adorned with circular spectacles and familiar brown leather jacket; providing guidance and direction, not just to Cardano, but the sector as a whole. I was […]

3 days ago

Altcoins Daily Preview: IOTA Bullish, Cardano’s ADA out of Top 10

Latest IOTA News Harm van den Brink together with fellows from ElaadNL and Enexis now have a proof of concept system demonstrating that it is actually possible to build an autonomous self-balancing smart grid network powered by IOTA. In this new machine to machine, smart self balancing grid, the IOTA network allows for secure exchange of data. Additionally, connecting devices can make choices on their own on whether they can or not join the grid. The grid in this case refers to all devices and transformer to one part of the master grid and messages are exchanged via the Tangle in JSON format. All code is based on JavaScript. Read: Marshall Island Hires Malta’s Strategic Advisor to Assist in the Issue of an Official Cryptocurrency Note that this is not the first time Brink is leveraging on IOTA demonstrating different use cases of the network. In 2015, he was part of the team behind Electric Vehicle Charge Station where IOTA handled payment and communication and by the look of things, this Proof of Concept vividly demonstrates that IOTA’s application is near infinite in a world gravitating towards the internet of things. Also Read: Hacker Responsible for 51% Attack Against Ethereum Classic Returns Part of the Stolen Funds Meanwhile, reports have it that VW is stepping up, creating a network of charging stations in China. While there is no mention of IOTA, the IOTA Foundation and VW have been working on several projects in the past few months. Imagine every MaaS electric self-driving vehicle as entrepreneur with its own identity, wallet, autonomous pricing and payments for parking, charging, cleaning, maintenance, etc. I am a big believer in Distributed Ledger Technology and Decentralized Computing, esp. Tangle #IOTA https://t.co/wRLqAjo33S — Johann Jungwirth (@JohannJungwirth) February 22, 2018 The CDO of VW, Johann Jungwirth even explained about employing IOTA in a new market, the MaaS—mobility as a service where the network can use to distribute updates securely in a car connected system. Johann was a member of the IOTA’s supervisory board. IOT/USD Price Analysis Like Bitcoin and the rest of the market, IOTA is bleeding and down a massive 24.4 percent in the last week. However, we strongly believe that this drop is but another buying opportunity for aggressive traders. Note that from the chart, IOT is trading within a bull breakout pattern against the USD after prices shot above the four month resistance trend line on Dec 22 and rejected further lows on Dec 28. Because of this, it is likely that IOTA will find support at the main support trend line previous resistance at around 25 cents. If not, then bears may press forward and prices could drop below Dec 2018 lows of 20 cents by end week. ADA/USD Price Analysis As we expect Shelly and decentralization, ADA is out of the top 10. In line with our previous ADA/USD price analysis, bulls will only be in charge if and only if there are solid breaks above 6 cents or if there is resurgence of higher highs clearing Jan 10 losses. If not, then we expect the third phase of a classic bear breakout pattern to resume as we classify the upswings of late Dec 2018 and early 2019 as the second phase, the retest, paving ways for sellers to enter at better prices once prices drop below 3.6 cents. After all, we now have a double bar bear reversal pattern backed by above average volumes spearheading this drain. Potential support may be found at 3.6 cents and later 2.8 cents or Dec 2018 lows. All charts courtesy of Trading View This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: IOTA Bullish, Cardano’s ADA out of Top 10 appeared first on Ethereum World News.

4 days ago

Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap found support near $112.00B and recovered above $120.00B. EOS price is up more than 8% and it may extend gains above the $2.50 resistance. Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances. Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance. Cardano (ADA) price found support above $0.0400 and recovered above $0.0430. EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like XLM and Cardano (ADA) may extend gains. Bitcoin Cash Price Analysis Bitcoin cash price found support near the $120 level and later started a decent recovery against the US Dollar. BCH/USD gained around 5% and broke the $130 resistance level. It seems like the price may continue to grind higher and it could test the $135 and $138 resistances. If there is a downside correction, the $130 and $128 levels may act as supports, below which the price may move back in a bearish zone. EOS, Tron (TRX) and ADA Price Analysis EOS price surged more than 7% recently and broke the $2.35 and $2.40 resistances. The current price action is positive and it seems like the price may extend gains above the $2.50 resistance. Tron once again gained bullish momentum and rallied close to 10%. TRX price cleared the $0.0240 and $0.0250 resistance levels to move back in a positive zone. On the upside, the next resistances are at $0.0265 and $0.0280. Cardano price found support near the $0.0400 level and it recently recovered nearly 6%. ADA price is currently trading above the $0.0425 resistance, with a bullish angle. If buyers break $0.0440, the price may climb above $0.0450 and $0.0460. Looking at the total cryptocurrency market cap hourly chart, the $112.00B level acted as a strong support and produced a sharp upward move. The market cap broke the $118.00B resistance and a bearish trend line. At the outset, the cap is consolidating near $120.00B, and a break above $122.00B might open the doors for a push towards $125.00B and $127.5B. Therefore, there are chances of more upsides in BTC, ETH, tron, litecoin, EOS, ripple, NEO, XLM and other altcoins in the near term. Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis was last modified: January 15th, 2019 by Aayush JindalThe post Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis appeared first on NewsBTC.

4 days ago

Wyoming, The Home of Cardano

The United States of America may be divided in their opinion on cryptocurrency. However, one state which has promoted its positive stance towards cryptocurrency is Wyoming. The 33rd Governor of Wyoming Mark Gordon highlighted several blockchain startups in his inauguration speech. These startups included BeefChain, SheepChain and the more popular Cardano. Unlike most of the blockchain and cryptocurrency companies, Charles Hoskinson, the founder of Cardano preferred a place nearer to his home town of Colorado instead of the more popular destinations such as Malta. Hence choosing Wyoming as the headquarters of the cryptocurrency company. Beyond just the governor’s positive attitude, is bills being discussed and implemented to support the technological revolution for Wyoming. Zerocrypted Opinion Wyoming’s low startup costs, business-friendly tax system, and lawmakers supporting the growth of fintech has led it to become blockchain heaven in USA. The state has even gone to the extent of groups such as the Wyoming Blockchain Coalition. Wyoming Blockchain Coalition is helping Wyoming citizens to educate themselves about Blockchain to cut costs, streamline administrative processes and spur new businesses in Wyoming. There have been several social media posts applauding Wyoming’s efforts to bring in a blockchain culture. For example, The former president of Symbiont.io, who is also a 22 year old Wall Street veteran, tweeted about Wyoming’s new bill supporting blockchain. The bill allows banks to keep records on a blockchain. The overwhelming 5 to 0 support showcases the progressive thinking of the lawmakers in the state. IT BEGINS! The first of 6 #Wyoming #blockchain bills passed Senate committee 5-0 today. This bill allows banks to keep books/records on blockchain. I’ll publish a post about the bills soon! Here’s Banking Commish Forkner testifying @Tyler_Lindholm @SenatorDriskill @asset_trade pic.twitter.com/Q1VpAFJm3l — Caitlin Long [Jan/3➞₿🔑∎] (@CaitlinLong_) January 9, 2019 America should be opening its doors to blockchain and crypto given it’s revolutionary technology. Switzerland for example has five times more crypto startups per 100,000 people as compared to the United States. These are opportunities being lost by the US given that the USA has forty times the population of Switzerland. Image Source - The Christian Science Monitor The post Wyoming, The Home of Cardano appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

4 days ago

Sidechain Paper by Cardano to be Highlighted at Cybersecurity Security Conference

IOHK, the development team of Cardano’s sidechain paper has achieved a great feat by being accepted on the leading Oakland cybersecurity conference. The conference called “IEEE Symposium on Security and Privacy” is to be held in May 2019, in San Francisco, California. The conference is known for the presentation of high-quality academic research and developments in computer security and electronic privacy. Cardano’s founder, Charles Hoskinson, expressed his delight on Twitter congratulating the authors of the paper. Cardano's Sidechains is going to Oakland https://t.co/5wbjHrj1L1 this is a major conference and one of the most rigorous. Congratulations to the authors and I can't wait for more! — Charles Hoskinson (@IOHK_Charles) January 9, 2019 Thus Cardano’s paper being accepted brings forth the value it brings to the overall computer security market. The sidechain paper was written by Kiayias Zindros, Dionysis Zindros and Peter Gazi. It focuses on the importance of a sidechain system, and how assets can safely be moved between blockchains. Zerocrypted Opinion The sidechain paper by IOHK is bound to help the current scalability issues on blockchains to help bring a more efficient interoperability between the protocols. It even includes a firewall to limit the impact of a sidechain failure that may occur on the blockchain. Another blockchain paper approved for the conference is the paper titled ‘Redactable Blockchain in the Permissionless Setting’ by Dominic Deuber, Bernardo Magri and Sri Aravinda Krishnan Thyagarajan. Hence, it shows that blockchain’s security is becoming an important issue showcasing the need for a secure blockchain in today’s world. IOHK’s Chief Scientist, Aggelos Kiayias, had highlighted the importance of sidechains especially to functions such as smart contracts. Cardano’s native token at the time of writing is ranked 11th with a market capitalization of $1,143,647,815 and a price at $0.044110. Image Source - Wikimedia The post Sidechain Paper by Cardano to be Highlighted at Cybersecurity Security Conference appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

4 days ago

Upgrade Shade: Cardano Founder Appears To Taunt Ethereum

As the Ethereum community prepares for a network-wide upgrade tomorrow night, not everyone is celebrating. Charles Hoskinson, CEO of IOHK and the public face of the Cardano community, seems to have taken the fork as an opportunity to flaunt something the larger dApp platform has not yet been able to achieve: a workable implementation of proof-of-stake (PoS) consensus. The point was made in a tweet this morning, which included the abstract of an IOHK paper on staking, titled “Cryptocurrency Egalitarianism: A Qualitative Approach.” It appears to be a targeted barb at Cardano’s critics, who have suggested that staking systems promote wealth inequality among node operators. You like apples? We got them for you pic.twitter.com/NvLHkCqslb — Charles Hoskinson (@IOHK_Charles) January 14, 2019 “A core criticism of proof-of-stake....revolves around it being less egalitarian by making the rich richer,” according to the paper’s abstract, which was co-authored by academics from the universities of Athens and Edinburgh. “We show that stake-based cryptocurrencies....can be perfectly egalitarian, perhaps contradicting folklore belief.” If the meaning of these lines were not clear enough, Hoskinson elaborated in a later tweet: “PoS > PoW.” This isn’t the first time the IOHK founder has made subtle jabs at the Ethereum protocol and its zigzag journey away from Proof-of-Work (PoW). Tomorrow’s Constantinople fork introduces a new ASIC-resistant mining algorithm and increases Ethereum’s efficiency. It may lay the foundations for the transition to PoS, but the Casper protocol will not be fully implemented until sometime in 2020. But Hoskinson may be throwing his stones from a glass house. ADA, the cryptocurrency of the Cardano blockchain, has a market capitalization smaller than one-twelfth that of Ethereum, and the blockchain is still heavily centralized. In fact, Cardano’s goal of becoming a fully decentralized network is still far away. The Shelley protocol, which aims to fully decentralize the blockchain, is not fully complete. According to the roadmap, the Shelley testnet is around 20% complete. This means the network only really exists on a few trusted nodes, making it potentially vulnerable to malicious attacks. Cardano Shows Off Its Degrees Schoolyard taunts aside, IOHK has been burnishing its academic credentials. Unlike most other blockchain systems, Cardano leans heavily on scholarship and peer review to justify the foundations of its blockchain protocol. That commitment appears to be paying off, and IOHK’s research appears to provide formal proofs for the assumptions underlying the Cardano blockchain. IOHK has been “publishing paper after paper,” as Hoskinson recently told CryptoSlate. A recent paper on sidechains, a crucial element for inter-blockchain protocols, has been accepted to the IEEE Symposium on Security and Privacy, thereby placing IOHK research on a world academic stage. ADA prices rose 1.34% in the 24 hours prior to publication, only slightly less than Ethereum’s rise in the run-up to the oncoming hard fork. The author has investments in digital assets, including Ethereum and ADA, which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Upgrade Shade: Cardano Founder Appears To Taunt Ethereum appeared first on Crypto Briefing.

4 days ago

Price Update: Bitcoin Facing Serious Risk of Crashing to $3K while Ethereum, Bitcoin Cash & Litecoin Down Over 6%

Bitcoin is down to $3,520 facing the real risk of crashing to $3k with bears being in full control. The entire crypto market is seeing red with market cap hitting $118 and the top cryptos losing between 5 to 8 percent except for Tron (TRX) which is still in the green. Bitcoin Drops to $3,520 Bitcoin saw minimal activity on the weekend as the crypto market traded in the red. It’s been three days that the market has been falling. After dropping to $3,475 level on the weekend, Bitcoin is facing the risk of going back to the December low of $3,100 and further touching the $3k mark. Just last week, Bitcoin dropped about 10 percent and looks like bears are pushing it even lower. At the time of writing, Bitcoin has been registering the 24-hours loss of more than 2 percent. According to the data provided by TradingView, Bitcoin is trading near $3,520 on Coinbase, Bittrex, Bitstamp, and Gemini. While on Bitfinex, Bitcoin is changing hands at $3,610. Source: TradingView Analysts are predicting further losses where $3k is a real possibility for Bitcoin to hit bottom. Some are even expecting $1,750 as the lowest mark for the leading cryptocurrency this year. Bitcoin could test $3,266 moving forward and if weekly close stays below $3,250, a drop below $3,000 can become a reality. Altcoins Crashing Hard Bears have yet again taken the control of the market as the entire crypto market sees deep red with Litecoin, Bitcoin Cash, Cardano, and IOTA losing more than 6 percent of their value in just about 24-hours. XRP is losing by about 3 percent just like Monero, Dash, and NEM. Ethereum, the 3rd largest cryptocurrency is getting hit hard just days before its much-awaited hard fork Constantinople. ETH is inching towards $100 yet again and past performance is not at all encouraging. Meanwhile, Ethereum classic has lost 5 percent of its value on the day. Source Coin360.com This has the total market capitalization losing about 4 billion of its value at $118 billion. However, the market cap has gained $2 billion during the day. Whereas, the trading volume of crypto is seeing a rise to $16.4 billion. Source: Coinmarketcap The only top cryptocurrency showing greens is Tron which surged over 10 percent at one point and now is up by about 4 percent. Right now, the chances of recovery are looking slim and the only way seems to be down. The post Price Update: Bitcoin Facing Serious Risk of Crashing to $3K while Ethereum, Bitcoin Cash & Litecoin Down Over 6% appeared first on Coingape.

4 days ago

The Crypto Market Bleeds, Drops Another 4%

Within an hour, the crypto market dumped $4 B causing the market valuation to fall from $122B to $118B on late Sunday night. The crypto market decline saw major cryptos declining significantly to below their key support levels. Bitcoin fell below $3600 to hit a low at $3545. ETH, LTC, BSV, ADA, IOTA, ETC, and BCH dropped more than 5%. XRP lost 1.7% to trade at $0.317. Tron, which is trading at $0.023, lost its 7th position and is back to the 9th place by market capitalization. The bleeding in the crypto market has seen its valuation drop by another 4%. Currently, the market has ticked slightly and is valued at $119. B. (KE)

5 days ago

Cardano (ADA) Set to Reach Next Milestone in Q1 2019

Cardano (ADA), the 11th most significant cryptocurrency regarding market capitalization is set to enter the ‘Shelley’ phase in Q1 2019. This news comes after the project recently concluded the ‘Byron’ phase. The Shelley stage seeks to attract more developers towards the platform by increasing stability and incorporating more features. Shelley would also enhance the decentralization of the Cardano network. On January 8, Charles Hoskinson, Cardano’s co-founder, tweeted that the Open Ouroboros Delegation is nearing completion to show that the Shelley phase would commence soon. (KE)

7 days ago

Finder Report: Stellar Lumens Price to Increase by 260% This Year

According to a Finder report, Stellar Lumens will post stellar performance in January and throughout the year. According to the report, XLM will surge by 84% in January to $0.21 and will record a 260% increase by the year-end to $0.41. Additionally, Cardano is expected to gain 43% before the start of February. Ethereum and EOS are also expected to gain 55% and 77% this year. The report shows bearish predictions for Tron, Litecoin, and Dogecoin. Based on the predictions, TRX, LTC, and DOGE would plunge by 52%, 35%, and 47% respectively. XRP will post a 44% increase by the year-end but will lose 10% this month, per the forecast. Six individuals from the crypto sector including Bitcoin developer Jimmy Song prepared the Finder report. (KE)

7 days ago

Daily Berminal Brief: China To Regulate Blockchain Firms And US Congressman Recommends Light Touch Crypto Regulations

The State of The Market - January 11, 2019 BTC: $3,685.32 (-3.53%) XRP: $0.332450 (-3.85%) ETH: $125.80 (-5.94%) The crypto market experienced its biggest single-day loss since November after more than $16 Billion was wiped off. It was led by Bitcoin, which failed to hold on to its support at $4,000 and $3,800. Also, XRP has once again overtaken Ethereum to become the second largest cryptocurrency and the difference in their market caps has widened to $500 Million as Ethereum continues to fall below $150. Most major coins are down by 3–6% and there are no signs of a bounce-back yet. In other news, Charles Hoskinson, the creator of Cardano revealed that IOHK is leaving Hong Kong for Wyoming. IOHK is a for-profit company to build on Cardano ecosystem. Wyoming's new governor Mark Gordon is a fan of Blockchain technology and Cardano's move to Wyoming is a huge win for him. Just this week, Wyoming passed a bill that allows banks to keep books on the blockchain. Also, Bitrefill hopes to simplify lightning network with its new service called Thor. Users can buy channel openings and download a compatible wallet to get started with Lightning payments. Bitrefill takes care of running the node and keeping it live. 1) On Thursday the Cyberspace Administration of China (CAC) released a new set of regulations aimed at monitoring China-based blockchain service providers. The "Regulation for Managing Blockchain Information Services" framework defines service providers as "entities or nodes" that provide information services to the public by using blockchain technology. The rules officially go into effect on February 15 and will require blockchain service providers to register with the CAC within 10 business days of when they begin offering services to the public. The CAC also requires all companies to register their names, service type, the sector of operation and server address. Any startups failing to comply with the new rules will be issued a warning and further violations will result in a fine ranging from $737 to $4,422. 2) Darren Soto, a US congressman from the 9th District of Florida, recently stated that he believes cryptos should be overseen by the Commodities and Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) rather than by the heavy-handed Securities Exchange Commission (SEC). According to Soto, applying securities laws to cryptos "can be very intense and hurt the market unless it is truly a security." He further advocated for "saving the SEC for true securities," and emphasized that the CFTC and FTC's lighter touch are more appropriate for the majority of cryptocurrency transactions. 3) Dash is one of the largest cryptocurrency platforms but its size does not completely shield it from being the target of a 51% attack. In fact, NiceHash, a Slovenia-based cloud mining platform, currently maintains 1,000 Terahashes TH/s across its network of more than 25,000 miners. A detailed analysis conducted by Reddit user /taipalag found that three of the top four Dash addresses are in the control of a single entity. /taipalag wrote, "These three alone gather 53% and more. You can also see this started 6 months ago / around September last year." /taipalag also suggested that the fourth top address could also possibly belong to the same entity and just separated on the blockchain. /taipalag then provided the addresses belonging to this entity and the redditor concluded that these addresses mined more than 26,665 Dash ($2.126 million). Businesses that rent hashpower could pose a threat to cryptocurrency platforms as a customer could theoretically rent enough hashpower to launch a 51% attack against vulnerable networks. (VS)

8 days ago

Cardano Price Analysis: ADA/USD Trends of January 11–17, 2019

CoinSpeaker Cardano Price Analysis: ADA/USD Trends of January 11–17, 2019 Should the bears break the demand zone of $0.042 with a daily bearish candle, closed below the zone, Cardano price may find its low at $0.032 - $0.021 price level. Cardano Price Analysis: ADA/USD Trends of January 11–17, 2019

8 days ago

Crypto Markets Shed 11% in a Day

The past 24 hours have seen the crypto markets plunge 11% to break the recovery trend from the December lows. As a result, the entire digital currency market has lost $15 billion of its valuation. BTC slumped to reach $3,850 then slid to $3,660. A further dive below the $3,600 support level could see BTC revisit its mid-December low of $3,200. Per data from CoinMarketCap, ETH has shed 13%, and XRP has dumped 11.5%. The most significant losers are BCH, EOS, Tron, and ADA with each nosediving 16% on the day. (VK)

8 days ago

Cryptocurrency Markets Plunge 11% in a Single Day

Just when things were looking positive for 2019, and cryptocurrency markets were making a slow recovery from their December lows, the bears came out in force and smashed them to bits over the past 24 hours. Over $15 billion has been lost from crypto assets since the same time yesterday resulting in a daily crash of over 11%. There were two separate dumps each occurring over about an hour as the tsunami of bears beat the hell out of Bitcoin and its brethren. Bitcoin has been facing stiff resistance at the $4,000 level as all indicators suggest that it will not be easy breaking through. Those were proved right yesterday as Bitcoin swiftly plunged back to $3,850, a previous level of support. The pain did not stop there as eight hours later another digital avalanche commenced sending Bitcoin back to $3,660. Any further losses below $3,600, another strong support zone, could see BTC back to its mid-December low of $3,200. As seen on countless occasions the entire crypto market is hopelessly tied to the movements of Bitcoin. The big purge has hurt Ethereum even more which is currently showing a 13% loss on the day according to Coinmarketcap.com. Ethereum’s pain has been XRP’s gain as it retakes second spot with a slim market cap margin of just $100 million. The Ripple token also dumped 11.5% but it was just enough to edge out Ethereum again. The entire market bled so much that Tether is climbing back up the chart and challenging Litecoin for seventh spot. The biggest losers at the time of writing are Bitcoin Cash, EOS, Tron and Cardano all plummeting over 16% on the day. Tron is still up over the week though as a series of positive fundamentals have kept TRX buoyant. There is only one survivor at the moment and that is Verge which has actually made a gain while all those around it have crumbled. XVG is actually showing a 7.5% increase on the day. There are a few updates to wallets and software but not a lot else appears to be driving momentum so it is likely to dump those gains very shortly. Verge has been considered by some as a deadcoin but it still seems to be kicking at the moment. Despite the latest purge crypto markets appear to be consolidating in a range bound channel between $120 and $140 billion. If a third dump happens things could easily go south very quickly and new lows could be made. As it stands now markets are at their lowest level for 2019. The post Cryptocurrency Markets Plunge 11% in a Single Day appeared first on Ethereum World News.

9 days ago

Crypto Market Turned Bearish: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

The total crypto market cap tumbled and declined more than $20.00B in the past 2 hours. Stellar (XLM) price is down more than 15% and tested the $0.1000 support. Bitcoin cash price tumbled 20% and broke the $150 and $140 support levels. Tron (TRX) trimmed most its recent gains and traded below the $0.0280 level. Cardano (ADA) price is down around 20% and traded below the $0.0450 support level. The crypto market turned bearish recently and lost more than $20.00B. Bitcoin, BCH, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano (ADA) moved into the red zone. Bitcoin Cash Price Analysis The past three sessions saw a solid rise in selling interest, resulting in a sharp decline in bitcoin cash from well above the $150 support. BCH/USD is down around 20% and it broke the $150 and $140 support levels. The price is currently trading near the $130 level, with an immediate support at $124. On the upside, an initial resistance is near the $135 level, above which the $140 level may act as a solid resistance for buyers. Stellar (XLM), Tron (TRX) and ADA Price Analysis Stellar price started a downside move from well above the $0.1200 level. XLM broke the key $0.1150 and $0.1100 support levels. The price is currently consolidating above the $0.1000 level, and it may correct a few points. Tron price rallied recently and broke the $0.0300 barrier. However, the recent downturn in bitcoin resulted in a drop in TRX below the $0.0300 support. The price is down around 15% and it may soon test the $0.0240 support. Cardano price retreated after testing the $0.0540 and $0.0550 resistance levels. ADA is down 20% and it is currently trading below the $0.0450 support. The next key support is at $0.0420 and resistance is at $0.0450. Looking at the total cryptocurrency market cap hourly chart, there was a strong downward move from the $135.70B swing high. The market cap declined below many key supports such as $130.00B and $125.00B. It tested the $116.00B level and remains at a risk of more losses. Therefore, bitcoin, Ethereum, EOS, stellar, litecoin, ripple, icon, TRX and other altcoins may extend losses in the near term. The post Crypto Market Turned Bearish: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.

9 days ago

Sidechain Research Conducted by IOHK Accepted to IEEE Symposium on Security and Privacy

IOHK, the blockchain research and development company behind Cardano (ADA), recently announced that its new research paper on sidechain protocols has been accepted by the IEEE Symposium on Security and Privacy, which focuses on the presentation of high caliber academic research and developments in computer security and electronic privacy. The paper provides the first formal definition of a sidechain system, demonstrating how assets can be moved securely between blockchains, and lays out a sidechain construction suitable for proof-of-stake blockchains. (JF)

9 days ago

IOHK research on sidechains accepted to IEEE Symposium on Security and Privacy

CryptoNinjas IOHK, the blockchain research and development company behind top 10 cryptocurrency Cardano, has announced that its recent paper on sidechain protocols has been accepted to the leading Oakland cybersecurity conference. The paper provides the... IOHK research on sidechains accepted to IEEE Symposium on Security and Privacy

9 days ago

Bitcoin Price Drops by 10% as the Crypto-Market Sharply Corrects

On Thursday Bitcoin price dropped by more than 10 percent and this led the cryptocurrency to erase nearly all of the gains accrued over the past three weeks. Bitcoin’s current price represents a $325 drop over the past 24-hours. The wider market followed Bitcoin’s descent and data from Coindesk’s Crypto-Economic Explorer shows that a number of top cryptocurrencies are showing double-digit losses as high as 15 percent. At the moment, Cardano is the worst performer, with an 18 percent loss. The total cryptocurrency market capitalization has also dropped 10.2 percent to $122 billion. (RS)

9 days ago

Cardano (ADA) Price Remains In Uptrend, Dips Are Attractive

ADA price surged higher recently and broke the $0.0500 resistance against the US Dollar. There is a crucial bullish trend line in place with support at $0.0475 on the 4-hours chart (data feed via Kraken). The price remains supported near $0.0475 and $0.0450 and it could soon resume bullish moves. Cardano price is gaining bullish momentum and rallied recently against the US Dollar and Bitcoin. ADA remains buy on dips as long as there is no close below $0.0450. Cardano Price Analysis This week, there were heavy bullish moves from the $0.0420 support in cardano price against the US Dollar. The ADA/USD pair started a solid upward move and broke the $0.0450 and $0.0475 resistance levels. Buyers gained traction and pushed the price above the $0.0500 barrier and the 55 simple moving average (4-hours). The price spiked on a couple of occasions above the $0.0530 level and a swing high was formed at $0.0531. Later, the price started a downside correction and traded below $0.0510. There was a break below the 23.6% Fibonacci retracement level of the last wave from the $0.0421 low to $0.0531 high. However, there are many supports on the downside near the $0.0480 and $0.0475 levels. Besides, the 50% Fibonacci retracement level of the last wave from the $0.0421 low to $0.0531 high is at $0.0476. More importantly, there is a crucial bullish trend line in place with support at $0.0475 on the 4-hours chart. Therefore, dips towards the $0.0475 level are likely to find a strong buying interest in the near term. If there is a break below $0.0475, the next key support is at $0.0450 and the 76.4% Fibonacci retracement level of the last wave. The chart indicates that ADA price retreated from well above the $0.0530 resistance. However, there are many key supports near the $0.0475 and $0.0450 levels. On the upside, an initial resistance is at $0.0505 followed by $0.0520. Technical Indicators 4-hours MACD - The MACD for ADA/USD is gaining pace in the bearish zone, with a negative bias. 4-hours RSI - The RSI for ADA/USD dipped sharply towards the 50 level, with a bearish angle. Key Support Level - $0.0475 Key Resistance Level - $0.0505 The post Cardano (ADA) Price Remains In Uptrend, Dips Are Attractive appeared first on Live Bitcoin News.

9 days ago

Tron Breaks $2 Billion, Takes 8th Place Reaching 5 Month High

Cryptocurrency markets have been somewhat sideways for the last three weeks or so. Only a couple of cryptos have seen good enough gains to propel them up the market capitalization chart and Tron is one of them as it breaks the $2 billion barrier. Tron Forging On, 60% Gains in a Week At the time of writing Tron’s TRX token is the best performing crypto asset in the top one hundred. With a 23% gain on the day it is surging up the market cap charts and has just taken eighth spot. Yesterday TRX daily volume doubled as it increased the gap away from the flailing Bitcoin SV. Today that volume has doubled again from $200 to $400 million. A few hours ago Tron has just exceeded $2 billion market cap which makes it the eighth largest cryptocurrency in the world. Tron is currently trading at a five month high of $0.0320, a price not visited since the end of July last year. TRX is at its highest satoshi level since May 2018, currently trading at 790 sats. This increased market cap has placed TRX above Tether which has a fixed cap of $1.92 billion. Tron is currently on $2.13 billion at the time of writing and chasing down Litecoin just above it on $2.35 billion. The gap between Tron’s current position and one in the top four is just $700 million. Naturally Justin Sun had to gloat on twitter, but in all fairness his token is outperforming every other crypto in the top one hundred during the day’s Asian trading session; Who’s next? #TRON $TRX $BTT pic.twitter.com/6cn3lUOnDz — Justin Sun (@justinsuntron) January 9, 2019 Momentum is coming from a number of positive fundamentals including the progression of Project Atlas, BitTorrent’s BTT token launch, increased gaming dApp usage as TronGoo takes top spot, OKEx launching TRX margin trading, and the hiring of a former United States SEC supervisory attorney as its first chief compliance officer. This is all good gravy for Tron which has made an impressive 60% since the same time last Thursday, and 135% over the past month. Elsewhere in the top ten the gap between second and third is diminishing again as Ethereum fails to hold gains allowing XRP to catch up. At the time of writing the two were only $450 million apart in terms of market cap. Cardano has also made good progress over the past week and is rapidly closing on Bitcoin SV which appears to have run out of steam and is about to exit the top ten. Image from Shutterstock The post Tron Breaks $2 Billion, Takes 8th Place Reaching 5 Month High appeared first on NewsBTC.

9 days ago

Cardano Moving To Wyoming As New Governor Praises Blockchain

Mark Gordon, incoming 33rd Governor of Wyoming gave a shout out to the local Blockchain industry during his inauguration speech. He highlighted the approach of startups like BeefChain and SheepChain as an example of how Wyoming leads the nation while already attracting other businesses to the state such as IOHK’s Cardano. We Can Do More... In Wyoming Governor Gordon’s speech covered the regulation thank-yous, big-ups, challenges ahead, and positivity. But of particular note was a section praising Wyoming industries for becoming leaders and doing more: In just this last year, Wyoming has become the envy of the nation for its innovative approach to Blockchain with new startups like BeefChain and SheepChain. We can do more. BeefChain launched a blockchain-based initiative for tracking and verifying the provenance of product in the meat industry. This enables a provable supply-chain link from a cut of meat, right back to the animal it came from and how that animal was treated. The western state is also starting to attract other businesses with its friendly legislation. One such company is IOHK, the company behind Cardano (ADA) 00. Its founder, Charles Hoskinson, confirmed the move when asked if he would consider moving his businesses to Malta, another blockchain-friendly destination. Well actually [IOHK is] leaving Hong Kong. We’re moving to Wyoming next to Colorado in the United States. I live in Colorado. So we’re now a US company.” Meat... Chicken... Fish The livestock industry has been one of the more forward-thinking, having already implementing several blockchain supply-chain solutions. Aside from Wyoming’s blockchain for Beef (and one assumes also one for Sheep), there are international source-traceable solutions, which also cover chicken and fish. French supermarket giant, Carrefour, uses the commercial version of IBM blockchain to track its products. QR codes on, for example, chicken packaging, provide details of where the chick hatched, lived, what it ate, and its age at slaughter. And a Fijian supply chain company, uses the Viant platform on the public Ethereum blockchain, to ensure traceability for fish from capture to sale. The Equality State Wyoming has positioned itself as unashamedly pro-cryptocurrency over the past year, adding a raft of bills to support blockchain and crypto-startups. Just a week ago, the state almost unanimously passed a bill allowing institutions to offer financial services using bitcoin and other blockchain-based assets. This was despite heavy opposition from the banking industry. IT BEGINS! The first of 6 #Wyoming #blockchain bills passed Senate committee 5-0 today. This bill allows banks to keep books/records on blockchain. I’ll publish a post about the bills soon! Here’s Banking Commish Forkner testifying @Tyler_Lindholm @SenatorDriskill @asset_trade pic.twitter.com/Q1VpAFJm3l — Caitlin Long [Jan/3➞₿∎] (@CaitlinLong_) January 9, 2019 It’s gratifying to know that the incoming governor appreciates just what blockchain can achieve. Will other states follow in Wyoming’s footsteps? Share your thoughts below! Images courtesy of Shutterstock The post Cardano Moving To Wyoming As New Governor Praises Blockchain appeared first on Bitcoinist.com.

9 days ago

Cardano Is Moving To Wyoming For Its Blockchain-Friendly Regulations

Charles Hoskinson, the creator of Cardano revealed that IOHK is leaving Hong Kong for Wyoming. IOHK is a for-profit company to build on Cardano ecosystem. Wyoming's new governor Mark Gordon is a fan of Blockchain technology. He recently gave a shoutout to local blockchain companies such as BeefChain and SheepChain for leading the industry. Gordon said Wyoming is the envy of the nation for its innovative approach to Blockchain, and they can do more. Cardano's move to Wyoming is a huge win for him. Just this week, Wyoming passed a bill that allows banks to keep books on the blockchain. (VS)

9 days ago

Will the Descending Triangle for Dogecoin [DOGE] Precede a Range Reentry?

Dogecoin Daily Chart - Source: Tradingview.com Dogecoin looks likely to reenter an important range after forming a descending triangle over the past three to four weeks. A descending triangle is a bearish trend continuation pattern that increases the likelihood that price will break below the pattern. With Dogecoin already trading at the bottom of this pattern, we are likely to see price reenter an important range for Dogecoin between $0.002 and $0.0023. Price has already dropped into this range on the past five consecutive days but risen back above each time. However, the longer price trades here, the more likely it become that price will reenter the range. The range is an important one for Dogecoin. It was the point where Doge found support prior to undergoing a price spike in September. Price also traded within this range for three weeks between mid-November and mid-December despite the rest of the market recording bearish drops. Dogecoin 4-Hour Chart - Source: Tradingview.com The four-hour chart shows in closer detail how the price action of Dogecoin has been respecting the descending triangle pattern. With the pattern approaching its end, it is highly likely that Doge will reenter its range over the coming days. Key Takeaways: Dogecoin is trading within a descending triangle pattern which is a bearish continuation pattern. The pattern is currently approaching its end making it likely that price will break below over the next few days. Price has already dropped below on the past five days but has risen back above on each occasion. A break below would result in Doge reentering an important range between $0.002 to $0.0023. Doge spent three weeks inside this range between mid-November and mid-December despite bearish movements taking place across the rest of the market. Latest Dogecoin News: Price Analysis: Bitcoin, Ethereum, XRP, Stellar, Litecoin, Cardano, EOS, IOTA, Tron, and Dogecoin DogePal Releases New Version With More Features for Optimized Dogecoin [DOGE] Payments DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Will the Descending Triangle for Dogecoin [DOGE] Precede a Range Reentry? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

10 days ago

Ripple’s XRP Price Remains in a Descending Triangle as Cryptocurrencies Consolidate

XRP Daily Chart - Source: Tradingview.com Most major cryptocurrencies are consolidating today. However, some exceptions include Tron and Cardano which are both showing strong price performances. Ripple’s XRP - the third largest cryptocurrency by market cap - is also consolidating and continues to trade within a descending triangle pattern which has been forming since the end of December. A descending triangle pattern is a bearish trend continuation pattern. It makes it more likely that the next significant move for XRP will be a break below this pattern. XRP is currently forming its third consecutive daily Doji candle evident of the price consolidation which has been taking place near the top of the descending triangle pattern. A Doji candle is a candle where the open and close are around the same point. It is characteristic of the current consolidation and typically precedes a significant move. XRP 4-Hour Chart - Source: Tradingview.com The four-hour chart shows in closer detail how price action is reacting to the descending triangle pattern. Price has tested the trendline of the triangle on five occasions as indicated by the black arrows. The most recent candle is showing the price starting to depreciate from this point. If price can break above the descending triangle, resistance is expected to come into play in the $0.39 to $0.4 area. This has been an important area of liquidity in the past for XRP and has acted as a point of resistance on numerous occasions as illustrated by the daily chart. Ripple Labs, who hold a large percentage of XRP and offer services that utilize the token, recently surpassed 200 customers while XRP also received its first endorsement from a bank. London-Based Bank Endorses XRP as Ripple Announces New Customers https://t.co/C4idd3JGeP #cryptocurrency #ripple — [blokt] - Bitcoin, Blockchain & Cryptocurrency (@bloktcrypto) January 9, 2019 Key Takeaways: XRP continues to trade in a descending triangle pattern as most major cryptocurrencies consolidate today. The descending triangle pattern makes it more likely that the next significant move in XRP will be to the downside. In the event that the next significant move is to the upside in XRP, $0.39 to $0.40 is expected to act as an area of seller liquidity and resistance. Latest Ripple News: Descending Triangle Continues for Ripple’s XRP London-Based Bank Endorses XRP as Ripple Announces New Customers DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Ripple’s XRP Price Remains in a Descending Triangle as Cryptocurrencies Consolidate was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

10 days ago

NEO Price Gains 12% Despite Malcolm Lerider Departure

All of the top cryptocurrency markets are undergoing some positive developments in the price department. How long this momentum will be sustained, is always difficult to predict. In the case of NEO, the current uptrend is quite steep, even though no one knows why that is exactly. Reaching a value of $10 might be a stretch too far, but staying above $9 shouldn’t pose major problems. NEO Price Surge Intensifies A lot of cryptocurrency speculators and enthusiasts have high hopes for a major market recovery in 2019. Now that the first week of January is finally over, it seems that optimism is still not necessarily warranted. There has been some positive momentum which was promptly turned into a bearish trend. It now seems another uptrend is trying to take shape, although there is a lot of market resistance everywhere. Over the past 24 hours, the NEO price has risen by 11.5% in USD value and 10.7% in BTC value. Because of these developments, one NEO is currently valued at $9.5 or 0.002344 BTC. Both of these gains show there is some positive momentum brewing for this altcoin, even though no one can pinpoint the exact reason for it. The only tangible NEO-related development in recent days comes in the form of Malcolm Lerider. This individual was heavily involved in the development of NEO, although he has left the project in search of greener pastures. As such, his focus will lie on building the smart economy through a business-centric approach, rather than focusing on cryptocurrencies. I owe the community an apology for being quiet the last two months as I have been in the process of leaving #NEO. People have different opinions and this was my only choice in the end. I will build #SmartEconomy through a business centric approach instead, #TechAgnostic. — Malcolm Lerider (@MalcolmLerider) January 8, 2019 When looking at the current NEO price chart from a technical perspective, it seems there is still room for further gains in the NEO/USD department. One has to keep in mind the current uptrend will get people excited, although that doesn”t necessarily mean it can be sustained for very long. Keeping all options on the table is always the best course of action. #NEO $NEO #neousd pic.twitter.com/H8tCcAR1GE — Osman Altıntaş - BTC (@AltintasBTC) January 9, 2019 Every cryptocurrency or token needs a good meme now and then to help alleviate some stress. It doesn’t happen all that often a NEO-oriented meme is shared, although Adam Medo has managed to sneak one in there. He expects NEO, alongside Cardano and VeChain, to be added to the Trust Wallet in the near future. An interesting sentiment, although there are a lot of other coins which could easily be added before those three. #ADA#NEO#VET@cz_binance @officialmcafee @SatoshiLite pic.twitter.com/uD6umrAIxi — Adam Medo (@AddiMedo) January 9, 2019 As is always the case where cryptocurrencies are concerned, sustaining uptrends has proven to be extremely difficult first and foremost. The year 2018 has made that all too clear and it would appear early 2019 will bring more of the same. That doesn’t mean the NEOprice will not rise further in the coming days, but for now, it is important to keep one’s expectations in check first and foremost. 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. Image(s): Shutterstock.com The post NEO Price Gains 12% Despite Malcolm Lerider Departure appeared first on NullTX.

10 days ago

Crypto Market Wrap: NEO Jumps Two Places With 13% Gain

Market Wrap Crypto markets recovering again; NEO on a Roll, Tron and Binance Coin gaining momentum. Another small bounce has taken crypto markets back to Monday’s levels indicating that things are still sideways for the time being. Total market capitalization is back over $135 billion but has failed to go any higher over the past week. Bitcoin pushed back over $4,000 and is currently up a percent or so on the day trading at $4,050 at the time of writing. BTC jumped to an intraday high of $4,100 but the bears came rushing out preventing it from breaking that wall of resistance it faces at this level. On the week Bitcoin is showing a 6.5% gain but it seems to be consolidating here along with the entire market. Ethereum is back over $150 with a 2% rise over the past 24 hours. It too does not seem to have the momentum to make further gains and pulled back twice after hitting $153. The top ten is mostly green during the Asian trading session today, only Bitcoin SV is showing a loss as it slides down the charts. Tron has made the biggest gain of over 6% on the day as it extends its lead over BSV and chases down Tether and that $2 billion market cap. The rest have made between 1 and 2 percent on the day at the time of writing. The top twenty is also mostly green and NEO is running away with it gaining 13.5% on the day. Rumors of ties between the project and the Russian government, and top global blockchain rankings from China’s Center for Information and Industry Development has boosted momentum for NEO. It has now flipped both Ethereum Classic and NEM and risen to 16th spot by market cap which is currently $620 million. Trade volume has doubled in a day from $100 to over $200 million as NEO wakes up. Binance Coin is also performing strongly with an 8% gain and Cardano has made 4.6% on the day. The rest are up 1 to 3 percent aside from Dash and NEM which have not moved. Today’s dose of fomo goes to Holo which has pumped 48% on the back of a positive Nasdaq article. Pundi X has also had a good day with gains approaching 20% at the time of writing. There are no big losers today but those topping the red end of the top one hundred are MaidSafeCoin and Dentacoin dumping 7% each. Total crypto market capitalization has crept back up to $137 billion 1.5% back up since yesterday’s pullback. The daily volume chart shows an unnatural step from $15 to $25 billion two hours ago some more moves could be imminent. On the week crypto markets are 6% higher but they still cannot break out of their range bound channel. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: NEO Jumps Two Places With 13% Gain appeared first on NewsBTC.

10 days ago

Crypto Market Watch: Bitcoin (BTC), Cardano (ADA), and IOTA (MIOTA)

2019 has breathed optimism to cryptocurrency investors following a bearish 2018. Over the last few weeks, the Bulls took over the markets, which saw attempts at market correction. The Bears saw a protracted dip in prices of most Altcoins, the magnitude of which was felt across the board. Previous price zones were tested and breached. Bitcoin, for instance, slumped from the $6500 mark to $3000. This was the largest drop since 2013 when the Bears had engulfed the markets. The markets are looking promising, however, as the Bulls have put up an upward rally for most coins In the top twenty brackets. BTC/USD Bitcoin is up by 1.11% over the last 24 hours after an upward rally pushed prices to the $4000 mark. At the moment, Bitcoin is selling at $4075 with the 7 days Moving average (marked C) dominantly above the 21-day moving average (marked B). This signals an upward rally in the short term. Since BTC went below the $4000 mark, there have been numerous attempts at market correction. Market activity has supported those efforts as was seen in the last few days. The Relative Strength Index (marked A) - (RSI) drifted into the ‘undersold area’ (above 70) severally signaling positive investor sentiments. Both the 21 days and the 7 days EMA is currently upwards, which indicates that the Bull Run might be here for long. ADA/USD Like Bitcoin, Cardano (ADA) has been going through a market correction after a tumultuous fourth quarter of 2018. ADA is up by 1.32% over the last 24 hours with the Bullish momentum looking to continue in the short term. The 21-day moving average (B) is currently acting as price support at the $0.49 mark. This indicates an upward rally that may push prices above the psychological price zone of $0.5. In terms of market activity, Cardano sold $32 Million and is currently at $1.2 Billion in market capitalization and the RSI (marked A) is at 60 near the undersold area (70) which shows little willingness by investors to dispose of their holdings. IOTA/USD Unlike BTC and ADA which saw upward rallies over the last 24 hours, IOTA suffered a slow dip. It began off selling at $0.3870 against the current rate of $0.3788 at which it is exchanging against the dollar. This represents a 4.62% loss in its value. The bearish trend was also experienced in the RSI (Marked A). It hit a low point of 37 threatening to cross into the ‘oversold’ area. This represents slumped investor sentiments. Also, the 21 days EMA (C) has been dominantly above the 7 days EMA (B) and is currently acting like the price support. Unless the Bulls can up their momentum, the bearish trend might be here for long. The post Crypto Market Watch: Bitcoin (BTC), Cardano (ADA), and IOTA (MIOTA) appeared first on ZyCrypto.

11 days ago

Will the Bullish Cardano Price Sentiment be Justified This Week?

Investing in any cryptocurrency is always a risk. That same risk applies to investing in any traditional asset or stock offering as well. With cryptocurrencies, however, the potential risk/reward ratio is a lot more enticing. In the case of Cardano’s short-term price predictions, some interesting changes appear to be on the horizon. Identifying key Support and Resistance Levels Whenever one looks at a cryptocurrency price chart, it is crucial to identify the current momentum and potential levels of either support or resistance. In the case of Cardano, the price currently sits near the $0.05 mark, where it has been for quite some time now. The lowest level in recent times is $0.0322, although it doesn’t appear as if a drop is imminent. According to the chart by Jordanbyron7, that doesn’t necessarily mean there will be an uptrend either. Some resistance can be found near $0.062, with steeper levels at $0.078 and $0.11. As such, it would appear the current Cardano price status quo might be maintained for some time to come. If Bitcoin were to turn bearish in a significant manner, it can easily drag down ADA with it. The next few days will be rather crucial for this altcoin, by the look of things. Is That a Bearish Wedge I See? As is usually the case when one zooms in on a price chart, it becomes apparent the formation looks different compared to looking at a much bigger time frame. Botje11 often favors the latter approach, as the Cardano price over the past two weeks tells quite an interesting tale. However, when zooming out to the past month and a half, a slightly different pattern appears to be emerging. More specifically, this trader has discovered the ADA/USD price chart is seemingly subject to a bearish wedge. It may equally be an inverted head-and-shoulder pattern, butt hat can only be determined in a few days from now. Regardless of which pattern one sticks with, there will be some telling Cardano price action in the coming days. Whether that will be positive or negative price action, is a different matter altogether. The Impending Breakout Pattern Emerges There is never a shortage of people who are bullish on a specific cryptocurrency. For Cardano, that user seemingly comes in the form of Harhsmonty9, who is currently very bullish on the ADA/BTC market. This user expects Cardano to hit 1,240 Satoshi in the coming days, and potentially even 1,368 Satoshi after the market dropped a bit. A more than plausible scenario, assuming this bullish pattern effectively holds true. One thing most people tend to forget is how altcoins follow Bitcoin’s price pattern first and foremost. If the world’s leading cryptocurrency were to turn bearish all of a sudden, it will drag Cardano and other altcoins with it in the process. However, no imminent big drop seems on the horizon, thus ADA may very well continue to gain on Bitcoin over the coming days. It is still advised to put one’s stop-loss near the 1,119 Satoshi mark, just to err on the side of caution. 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. Image(s): Shutterstock.com The post Will the Bullish Cardano Price Sentiment be Justified This Week? appeared first on NullTX.

11 days ago

Is Litecoin [LTC] Leading the Market Again?

Litecoin Daily Chart - Source: Tradingview.com Litecoin led the market on Sunday when it increased over 10% against the USD with other major cryptocurrencies following suit later that day. The same may be taking place today as Litecoin continues its surge despite other major cryptocurrencies not following. The initial surge took place after an inverse head and shoulders formed on the daily chart. Litecoin broke through resistance at the neckline of the inverse head and shoulders and also managed to overcome the 50 EMA which had long acted as a resistance point. Yesterday’s price action showed some consolidation before the surge continued today. Price action is now approaching $41.50 where resistance is expected to come into play. Between $41.50 and $44 was an area of liquidity during mid-November’s bearish drop where price consolidated before continuing to drop to the downside. Litecoin 4-Hour Chart - Source: Tradingview.com The 4-hour shows price action starting to reverse after approaching the $41.50 level. There is still a strong possibility that price will continue to increase and enter the $41.50 to $44 territory. Even if the price does not continue to increase, it is already after appreciating around 7% over the past 24 hours and may catalyze other major cryptocurrencies to rise later today. Key Takeaways: Litecoin continues to surge after a brief consolidation yesterday. The surge from Litecoin on Sunday resulted in a surge in other major cryptocurrencies. Litecoin could be leading the market once again today. Resistance is currently being met at $41.50. $41.50 to $44 is highly likely to be an area of seller liquidity. Latest Litecoin News: Litecoin Leads the Market After Inverse Head & Shoulders Breakout Price Analysis: Bitcoin, Ethereum, XRP, Stellar, Litecoin, Cardano, EOS, IOTA, Tron, and Dogecoin DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Is Litecoin [LTC] Leading the Market Again? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

11 days ago

Altcoins Daily Preview: Tron (TRX) Shoots 34 Percent, Cardano Cut Above Competitors

Latest Cardano News The only way of competing with Cardano is to emulate their engineering where quality steps are thorough and supervising companies held responsible for their misgivings, Charles Hoskinson, the head of IOHK, has said. Cardano promise to rival Ethereum and work is underway to unveil the world’s first smart contracting platform that could process billions if not trillions of data via well researched and peer reviewed tech. Read: Tron (TRX) Edges out Bitcoin SV (BSV) from the Number 9 Spot According to Market Cap Aside from their plans, they are trailblazing and contributing immensely to the growing sector. Just recently, they announced the release of an official Proof of Stake white paper, a guide from where other developers can refer to when developing side chains. That’s not all. Verified data from Coincodecap shows that Cardano is where developers worked overtime, contributing to code. With 46,000 commits at its GitHub repository, Cardano dislodged Ethereum from the activity mantle—at fourth with 15,617 commits by the end of 2018. Therefore, it is mind-boggling that ADA prices continue to wobble at the periphery constantly battling for 10th with the likes of TRX and sometimes Monero. Also Read: CoinBase: Ethereum Classic Chain Attacked, $450k+ In Crypto Double Spent As a cryptocurrency and a digital, open source platform, the number of commits points to interest. It is this interest and activity that draws value and at this pace—now that we are waiting for Byron, that we expect ADA prices to expand northwards, cementing its spot in the top 10. Cardano (ADA) Price Analysis Fundamentals are solid but technical candlestick formation hints of underlying weakness even though ADA bulls appear to be in control. Statistics indicate that ADA is up 18.1 percent from last week’s close at spot prices. It is also up 1.8 percent against the USD reaffirming our optimism. Regardless, conservative traders would be urged to stay on the sidelines until there are definite gains above 6 cents. This level is the breakout level of Nov 2018 declines and any rally above 6 cents backed by volumes usurping those of Dec 21 bull bar—343 million versus 129 million, would trigger long-term buys aiming at 9.5 cents and 12 cents in the next few weeks. Meanwhile, aggressive traders can buy at prevailing rates with stops at 4.1 cents with conservative targets at 6 cents Our short to medium-term ADA/USD trade plan will be as follows: Buy: 6 cents, spot Stop: 5 cents, 4.1 cents Target: 9.5 cents, 12 cents, 6 cents Tron (TRX) Price Analysis After Asian session upswings, TRX bulls are in control with eyes set for 4 cents. TRX is one of the top performers adding 34 percent in the last week and a massive 18 percent in the last day. Pumping this expansion is average trading volumes though we shall discern actual figures after today’s close. As reiterated in previous TRX/USD trade plans, both set of traders can buy at spot prices. Alternatively, aggressive traders can drop a level deeper and buy on dips with first targets at 4 cents. Safe stop will be at 2 cents. Our TRX/USD trade plan will be as follows: Buy: Spot Stop: 2 cents Target 4 cents All charts courtesy of Trading View—BitFinex data streams This is not investment advice. Do your research. The post Altcoins Daily Preview: Tron (TRX) Shoots 34 Percent, Cardano Cut Above Competitors appeared first on Ethereum World News.

11 days ago

January Cryptocurrency Predictions Report: Nearly all coins expected to fall, with the exception of Stellar and Cardano

Price comparison site finder.com releases January Cryptocurrency Predictions Survey including forecasts for the end of 2019, 11 coins forecast Nearly all coins expected to fall by February 1, 2019 TRON (TRX), Dogecoin (DOGE) and Litecoin (LTC) to experience biggest drops Stellar (XLM) and Cardano (ADA) are the only coins predicted to increase this month Bitcoin (BTC), Cardano (ADA), and Stellar (XLM) top coins picked for 2019 The experts on personal finance comparison site finder.com’s latest monthly Cryptocurrency Predictions Survey have shared their 2019 forecasts for eight of the top 10 coins by market cap, as well as the top three trending coins, Monero, Dogecoin and NEO. Nearly all coins are expected to fall over the next month, with the exception of Cardano and Stellar, which are expected to increase by 43 percent and 84 percent, respectively. TRON, Dogecoin, and Litecoin are set to experience the greatest drops by February 1, 2019, with forecasted falls of 52 percent, 47 percent, and 35 percent, respectively. While nearly all coins are predicted to decrease over the next month, five of these falling coins are anticipated to recover over the next year. This means that over the course of the year a total of seven coins are predicted to increase in value. The coins predicted to see the greatest growth in 2019 are Stellar, Cardano, and bitcoin, with forecasted growth of 260 percent, 91 percent, and 84 percent, respectively. Bitcoin is splitting opinion among the panellists, with a predicted decrease in value of seven percent this month. However, the panellists expect the coin to recover to US$6,947 by years-end. Alisa Gul, CEO of WishKnish, believes the fact that “the bearish pressure on the global stock market doesn’t seem to have a lasting effect [on price], as does the easing of the difficulty of the validating algorithm” means that “it’s hard right now to see much of a light at the end of this tunnel.” However, Joe Raczynski of JoeTechnologist gives some cause for optimism. While he notes that “Many of the institutional players have said they are done with this experiment (publicly)”, this could be a temporary stance because “if there are any dramatic shifts with the economy (the expectation is slightly more likely than not), bitcoin will be a safe haven”. The six panellists in the December Cryptocurrency Predictions Report include: Craig Cobb: Founder of TraderCobb.com, designed to educate people on crypto trading in a way that is simple, easy and logical Alisa Gus: CEO of WishKnish, a blockchain gamified social market network aimed at helping communities grow, and founding member of the DC Digital Economy Hub Fred Schebesta: Co-founder of global comparison site finder.com and OTC cryptocurrency trading platform HiveEx.com Jimmy Song: Bitcoin core developer, educator and entrepreneur. He is venture partner at Blockchain Capital LLC and teaches bitcoin and blockchain programming at Programming Blockchain Ben Ritchie: COO of Digital Capital Management, a premium digital asset fund. He is also CEO of consulting service Bitcoin Advisors Joseph Raczynski: Experienced technology consultant and manager specialising in blockchain technology, he specialises in AI, cybersecurity and legal technology. The full details of the survey, complete with comments from the panellists, can be found here: https://www.finder.com/uk/cryptocurrency-predictions Jon Ostler, UK CEO at finder.com says, “December surprised quite a few people, with a lot of coins rising fairly consistently. This has continued to be the case so far in January, although our panellists don’t expect this trend to last for all coins. Past experience in this sector also reminds us that a month of gradual price movements can change in a matter of hours. “It is important that people are aware of the volatile nature of cryptocurrencies. When considering the purchase of cryptocurrency, people should always be prepared to do their own research and decide what’s right based on their personal financial circumstances.” For more information on finder’s cryptocurrency predictions, please visit https://www.finder.com/uk/cryptocurrency-predictions. Image(s): Martha Kraft/Shutterstock.com The post January Cryptocurrency Predictions Report: Nearly all coins expected to fall, with the exception of Stellar and Cardano appeared first on NullTX.

11 days ago

Crypto Market Wrap: Another Day Another Pullback

Market Wrap Crypto markets pulling back again; Ethereum, Bitcoin Cash and Cardano sliding, Tron going strong. A predictable pump and dump cycle appears to be forming in consolidating crypto markets. After Monday’s pump comes Tuesday’s dump as total market capitalization retreats back below $135 billion and recent gains are wiped out again. Bitcoin is a shade under $4,000 as it drops 1.7% on the day and trade volume falls back below $5 billion. An intraday high of $4,080 was made before it hit resistance once again and fell back to a level it appears to be holding for now. Since last Tuesday BTC is still up 7%. Ethereum is also pulling back though heavier losses of 5% have dropped it below $150 again. On the week ETH is still up 10% but the steam appears to be running out of the rally and the gap to XRP in third is getting smaller again. The top ten altcoins are all in the red aside from one. Tron has made over 3.5% at the time of writing and has flipped Bitcoin SV for ninth spot with a market cap of just below $1.6 billion. Stellar has remained static which has allowed it to take sixth back from Litecoin which has lost 1.5%. The rest are down 2 - 4 percent with Bitcoin Cash dumping the most again at over 5%. The top twenty is a deeper shade of red as losses accumulate. Following the 51% attack Ethereum Classic dumped almost 8% back below $5. Cardano and Maker are also getting hit with losses of over 6% during the day’s Asian trading session. Aside from Monero and Binance Coin, the rest are down 3 - 5 percent on the day. The fomo of the day is still going to REPO which is the only coin in the top one hundred making double digits at 15%. Steem is making moves also with a 6% gain on the day. There are no big dumps occurring at the moment but the worst performing altcoins are Waves, Waltonchain and Aurora all dropping over 8%. Total crypto market capitalization has slid a couple of percent back to $134 billion as daily volume drops back below $15 billion. Around $3 billion of yesterday’s $7 billion pump has been lost today. The range bound channel is still intact though on the week markets are up 6%. A breakout is going to be a while coming yet and things may remain this way for some time. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Another Day Another Pullback appeared first on NewsBTC.

11 days ago

Price Analysis: Bitcoin, Ethereum, XRP, Stellar, Litecoin, Cardano, EOS, IOTA, Tron, and Dogecoin

Bitcoin [BTC] Price Analysis: Bitcoin / USD Daily Chart A look at the Daily chart for Bitcoin shows that price is currently trading at the $4100 level. Price is trying to make a reverse head and shoulders pattern with a neckline at $4440, coinciding with the 0.382 fib level of the entire drop from $6400. Furthermore, this pattern has similarities with the previous reverse head and shoulders that occurred in June-August 2018. If price repeats the same movement, we should have a price increase of up to $5200 (the 0.618 fib level) before a reversal occurs. A look at the indicators shows that there was a significant bullish divergence in the RSI before the original move up to $4400, before the formation of the right shoulder. Furthermore, the Chaikin Oscillator is trying to move past 0, a positive sign. The MACD has just turned positive, but it is losing steam. In regards to the moving averages, the price has moved past the 7 and 21 period MAs, which have made a bullish cross. Price is facing resistance from the Ichimoku cloud and the 50/200 period MAs. Even though my outlook for the market is still bearish overall, I believe that this recent upward move has not yet ended, and we should test the $4800-5200 area soon. Ethereum [ETH] Price Analysis: Ethereum / USD Daily Chart A look at the Daily chart for Ethereum shows that price is trading at the $150 level. We can see that there was a significant bullish divergence in the RSI and the MACD during the lows of December, after which a reversal of almost 100% from 80 to 160 occurred. Price has started to develop bearish divergence in both the RSI and the MACD; however, the amount is quite small compared to the one that preceded the increase in price. As for the moving averages, the price has moved past the 7 and 21 period MAs, which in turn have made a bullish cross. Furthermore, the price is at a critical point trying to break out of the cloud and facing resistance from the 50-period MA. The next area of resistance is in the $170-190 area and the one after at the $250 area, coinciding with the 200-period MA. The closest support area is at the $120 level, followed by the recent bottom at $80. XRP Price Analysis: XRP / USD Daily Chart A look at the Daily chart shows that XRP is moving within a symmetrical triangle and trading at the $0.37 level. The RSI is close to 50, indicating neither overbought nor oversold conditions. The Chaikin Oscillator is close to moving past 0, a positive sign. The MACD is stuck between doing a bullish/bearish cross, with almost 0 volume. As for the moving averages, the 7 and 21 MAs are undecided on whether to make or reject a bullish cross and price is facing resistance from the Ichimoku Cloud and the 200 period MA. While XRP had an increase of close to 200% in October, it seems that the market is tepid at this point, and I would expect it to move within the confines of the symmetrical triangle in January at least. Stellar Lumens [XLM] Price Analysis: Stellar [XLM] / USD Daily ChartA look at the Daily chart for Stellar shows that price is currently trading at the $0.12 level, which is within the $11-13 area of support. The RSI is at 50, indicating neither overbought nor oversold conditions in the market. The MACD is slowly moving up but is not positive yet. As for the moving averages, the price has moved past the 7-period moving average, which is trying to make a bullish cross. However, the price is facing resistance from the 21,50 and 200 period moving averages and the Ichimoku cloud. The next significant area of resistance is at $0.18 which coincides with the edge of the Ichimoku cloud. The market has not shown its hand yet, and it is not clear whether the bulls or bears are in power. However, price does not face any significant resistance until the $0.18 level. Litecoin [LTC] Price Analysis: Litecoin / USD Daily Chart A look at the Daily Chart for Litecoin shows that price is currently trading at the $38 level. Price seems to be moving in an ascending wedge (bearish pattern) and trying to break out of the Ichimoku cloud. The next significant area of resistance is at the $50 level, coinciding with the end of the wedge pattern in late January. The beginning of the wedge coincided with a long period of significant bullish divergence in the RSI, preceding the whole upward move. Right now the MACD is developing bearish divergence, but at a small amount relative to the preceding bullish divergence in the RSI. As for the moving averages, the price has moved past the 7 and 21 period MAs which are making a bullish cross. However, the price is facing resistance from the 50-period MA and the edge of the cloud. In my opinion, price continues to move within the confines of the ascending wedge, before ultimately breaking down and testing the $30 level of support again. Cardano [ADA] Price Analysis: Cardano [ADA] / USD Daily ChartA look at the Daily chart for ADA shows that price is currently trading at the $0.48 level and within the confines of th

12 days ago

Price Analysis: Bitcoin [BTC], Ethereum [ETH], XRP, Stellar [XLM], Litecoin [LTC], Cardano [ADA], EOS, IOTA, Tron [TRX], and Dogecoin [DOGE]

Bitcoin [BTC] Price Analysis: Bitcoin / USD Daily Chart A look at the Daily chart for Bitcoin shows that price is currently trading at the $4100 level. Price is trying to make a reverse head and shoulders pattern with a neckline at $4440, coinciding with the 0.382 fib level of the entire drop from $6400. Furthermore, this pattern has similarities with the previous reverse head and shoulders that occurred in June-August 2018. If price repeats the same movement, we should have a price increase of up to $5200 (the 0.618 fib level) before a reversal occurs. A look at the indicators shows that there was a significant bullish divergence in the RSI before the original move up to $4400, before the formation of the right shoulder. Furthermore, the Chaikin Oscillator is trying to move past 0, a positive sign. The MACD has just turned positive, but it is losing steam. In regards to the moving averages, the price has moved past the 7 and 21 period MAs, which have made a bullish cross. Price is facing resistance from the Ichimoku cloud and the 50/200 period MAs. Even though my outlook for the market is still bearish overall, I believe that this recent upward move has not yet ended, and we should test the $4800-5200 area soon. Ethereum [ETH] Price Analysis: Ethereum / USD Daily Chart A look at the Daily chart for Ethereum shows that price is trading at the $150 level. We can see that there was a significant bullish divergence in the RSI and the MACD during the lows of December, after which a reversal of almost 100% from 80 to 160 occurred. Price has started to develop bearish divergence in both the RSI and the MACD; however, the amount is quite small compared to the one that preceded the increase in price. As for the moving averages, the price has moved past the 7 and 21 period MAs, which in turn have made a bullish cross. Furthermore, the price is at a critical point trying to break out of the cloud and facing resistance from the 50-period MA. The next area of resistance is in the $170-190 area and the one after at the $250 area, coinciding with the 200-period MA. The closest support area is at the $120 level, followed by the recent bottom at $80. XRP Price Analysis: XRP / USD Daily Chart A look at the Daily chart shows that XRP is moving within a symmetrical triangle and trading at the $0.37 level. The RSI is close to 50, indicating neither overbought nor oversold conditions. The Chaikin Oscillator is close to moving past 0, a positive sign. The MACD is stuck between doing a bullish/bearish cross, with almost 0 volume. As for the moving averages, the 7 and 21 MAs are undecided on whether to make or reject a bullish cross and price is facing resistance from the Ichimoku Cloud and the 200 period MA. While XRP had an increase of close to 200% in October, it seems that the market is tepid at this point, and I would expect it to move within the confines of the symmetrical triangle in January at least. Stellar Lumens [XLM] Price Analysis: Stellar [XLM] / USD Daily ChartA look at the Daily chart for Stellar shows that price is currently trading at the $0.12 level, which is within the $11-13 area of support. The RSI is at 50, indicating neither overbought nor oversold conditions in the market. The MACD is slowly moving up but is not positive yet. As for the moving averages, the price has moved past the 7-period moving average, which is trying to make a bullish cross. However, the price is facing resistance from the 21,50 and 200 period moving averages and the Ichimoku cloud. The next significant area of resistance is at $0.18 which coincides with the edge of the Ichimoku cloud. The market has not shown its hand yet, and it is not clear whether the bulls or bears are in power. However, price does not face any significant resistance until the $0.18 level. Litecoin [LTC] Price Analysis: Litecoin / USD Daily Chart A look at the Daily Chart for Litecoin shows that price is currently trading at the $38 level. Price seems to be moving in an ascending wedge (bearish pattern) and trying to break out of the Ichimoku cloud. The next significant area of resistance is at the $50 level, coinciding with the end of the wedge pattern in late January. The beginning of the wedge coincided with a long period of significant bullish divergence in the RSI, preceding the whole upward move. Right now the MACD is developing bearish divergence, but at a small amount relative to the preceding bullish divergence in the RSI. As for the moving averages, the price has moved past the 7 and 21 period MAs which are making a bullish cross. However, the price is facing resistance from the 50-period MA and the edge of the cloud. In my opinion, price continues to move within the confines of the ascending wedge, before ultimately breaking down and testing the $30 level of support again. Cardano [ADA] Price Analysis: Cardano [ADA] / USD Daily ChartA look at the Daily chart for ADA shows that price is currently trading at the $0.48 level and within the confines of th

12 days ago

XRP, Litecoin, Cardano added to the first exchange to bridge cryptocurrency and bluechip stocks

DX.Exchange made a huge splash recently when it announced that it was tokenizing securities and stocks of companies like Tesla, Amazon, Facebook etc., but now, it has announced that users can now trade XRP with Bitcoin [BTC] and other cryptocurrencies like Ethereum [ETH], Litecoin [LTC]. DX.Exchange is a community-based exchange regulated by Estonia’s Financial Intelligence Unit [FIU]. Moreover, the exchange is said to be using Nasdaq’s Matching Engine technology. As per their tweet on January 6, 2019, the exchange had made it possible to trade cryptocurrencies like XRP, Ethereum [ETH], Bitcoin [BTC] and even Litecoin [LTC]. However, the articulation of their tweet raised a lot of questions and caused confusion whether XRP was being used as a base pair or not. The tweet also mentioned that registered members would be able to trade without any commission fees. Furthermore, the tweet even mentions options for users to trade via Euro [EUR], Japanese Yen [JPY] and U.S. Dollar [USD]. In a separate post, on the same day, the exchange stated: “Trade @litecoin #LTC with #BTC, #ETH & #USD on http://DX.Exchange from the get go! #exchangeyourway” The Chief Operating Officer at DX.Exchange, Amedeo Moscato clarified a user’s question and said that they will be adding Tron [TRX] to their list of trading pairs. A user @FinesseDLT commented: “The way this is worded insinuates XRP quote pairings like NFLX/XRP, AMZN/XRP in addition to XRP/EUR, XRP/JPY, etc. Damn, I hope this is the case. #xrpthestandard” However, the exchange clarified in the subsequent comments that XRP was not a base pair on the exchange. A Twitter user @Alex commented: “You really should add XRP as a base pair to the stocks. The XRP community is massive and listing that will get a lot of business your way.” The exchange became the first exchange to tokenize securities that could be purchased using cryptocurrencies, this news made a huge splash in the cryptocurrency world as many people were excited about this new development. However, the news also received a lot of critiques who questioned the legal framework of the exchange. The exchange’s tokenized stocks will be going live today and will include cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], XRP, Cardano [ADA], OmiseGo [OMG], Enigma, ShareToken as well as Digibyte [DGB]. The post XRP, Litecoin, Cardano added to the first exchange to bridge cryptocurrency and bluechip stocks appeared first on AMBCrypto.

12 days ago

Tron Price Analysis: TRX up 18.5 Percent, Breakout Likely

Tron Price is up 18.5 percent in the last week. EtherGoo migrates to Tron weeks after Tron Arcade launch Main resistance level and buy trigger is at 2.5 cents At spot prices, Tron (TRX) is up 18.5 percent in the last week and poised for more gains thanks to favorable fundamentals and technical candlestick formations. Any surge above 2.5 cents would trigger bulls aiming at 4 cents or higher. Tron Price Analysis It may appear so near, yet it is technically too far. TRX prices, despite the Tron Foundation partnering and welcoming defecting dApps from Ethereum, is struggling to break above 2.5 cents. From previous TRX/USD trade plan, this is the main resistance level and round number meaning should traders muster enough momentum—spurred by technical or fundamental factors, then the resultant wave of higher high could propel TRX prices towards 4 cents as bulls begin recouping 2018 losses. In the meantime, TRX is up 3.1 percent in the last day and a massive 18.5 percent in the previous week at the time of press. Fundamental Factors Days after BitGuild defected to the Tron platform, EtherGoo is has followed its footstep to become yet another Ethereum gaming dApp to switch camps in less than two months. New idle game launched on TRONhttps://t.co/SAoLxEvWbA TronGoo is built through a partnership between the creators of TRON Shrimp & EtherGoo, which was the 1st competitive idle game on the blockchain Many #ETH DApps are working w/ @TRONArcade to deploy more games on #TRON pic.twitter.com/lI1h93f2ft — Misha Lederman (@mishalederman) January 5, 2019 EtherGoo will now change names to TronGoo and considering its significance in the Ethereum network; we might see Tron platform transaction spike as the game was popular in the Ethereum ecosystem. By switching sides, TronGoo will undergo a facelift and aside from the improvement in the gaming balance and interface, it shall be compatible with mobile. However, these developments came as no surprise. Justin Sun’s overall objective is to see Tron evolve into this excellent platform attracting gamers from all over the globe. As a multi-billion industry, dominance will mean value and consequently TRX will inevitable surge—even to 10 cents. Technical Factors So far, TRX is up one spot to 10th flipping Cardano (ADA). With a market cap of $1.52 billion, we expect a resurgent crypto market to lift TRX prices above 2.5 cents. From candlestick arrangement, this is likely to print out in the coming days because not only are transaction volumes increasing, and prices are edging higher confirming the double bar bull reversal pattern of Dec 2018. Besides, after a brief correction early this month, prices reversed printing higher right off the 38.2 percent Fibonacci retracement level. As such we expect TRX bulls to rally above 2.5 cents and because of this we recommend traders to buy at spot prices with stops at 2 cents. Technical Indicators After peaking on Dec 21, TRX volumes are picking up, and Jan 4-5 higher highs at the back of above average volumes is a stamp of approval hinting of underlying bull momentum. Up-thrusts above 2.5 cents will signal trend continuation and a break above 2.5 cents—a minor resistance level. The post Tron Price Analysis: TRX up 18.5 Percent, Breakout Likely appeared first on NewsBTC.

12 days ago


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