Litecoin LTC

$61.09
Market Cap $ 3.727 Bn (#4)
24h Volume $ 1.926 Bn
Chg. 24h: 2.23%
Algo. score 3.4/5  (#118)
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Litecoin News

New Crypto Ratings Index Lauds EOS, TRX, and ETH; Shuns BTC and LTC

China's Center for Information and Industry Development (CCID) recently released its latest crypto ratings index. The government-sponsored index ranks digital currencies based on the performance of their technology, applicability, and creativity. The index continues to praise smart contract platforms with EOS, TRX, and ETH taking the top-three positions once again. CCID placed BTC, XRP, and LTC at the bottom of the list, showing its distaste for pure cryptocurrencies. BTC took the 15th spot while XRP took the 18th position. CCID placed LTC at the 32nd slot. (VK)

2 hours ago

Google Adds Six More Cryptocurrencies to Its Blockchain Analysis Suite

After the advent of data sets, crypto-coders developed that perform a range of activities including analyzing wealth distribution and predicting prices. The launch of Google's suite of blockchain analysis tools helped in boosting these activities. The toolset went live last week, and it comes with datasets of six new cryptocurrencies. They are BCH, DASH, DOGE, ETC, LTC, and ZEC. These altcoins will join BTC and ETH in Google's cloud list. Traders can analyze the datasets with Google's analytics platform dubbed 'BigQuery,' which conducts searches on transaction histories to find out what happens in the blockchains of the listed cryptocurrencies. (VK)

6 hours ago

Bitcoin’s Massive Returns in 10 Days – Plus Ripple and XRP, Tron, Ethereum, Litecoin, Stellar, Cardano

From Bitcoin’s 10-day phenomenon to a new partnership at Litecoin, here’s a look at some of the stories breaking in the world of crypto. Bitcoin Fundstrat co-founder and head of research Tom Lee says one of the most important aspects of investing in Bitcoin is simply owning the digital asset during its best 10-day streak […]

6 hours ago

The Tor Project Now Accepts Donations in 9 Different Cryptos

The digital anonymity-focused nonprofit Tor Project recently announced that it is now accepting donations via cryptocurrencies directly, currently supporting ten of the top cryptos. The project has been accepting Bitcoin donations for several years, but a switch from BitPay to a partnership with Kraken has enabled an expansion of the accepted cryptos. The donation page for the Tor Project now lists Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Monero, Stellar Lumens, Zcash, and Augur’s REP tokens. (JF)

15 hours ago

LTC Price Set to Continue Rising After Triggering Crypto Spring

Litecoin (LTC), the fourth most significant cryptocurrency by market capitalization has doubled in value in Q1 2019. As at the time of writing, 7:53 AM UTC, LTC is trading at $59.05. Dubbed 'silver to Bitcoin's gold,' LTC has made some significant strides towards the crypto spiring. LTC spurred the crypto spring, which has seen the prices of cryptocurrencies surge once again indicating a rally is imminent. According to experts, the reasons behind this surge include LTC's mainstream adoption, fast transaction speeds, low costs, high privacy, and its impending halving. (VK)

a day ago

Lisk (LSK) Becomes the First Blockchain Project to Integrate a Corporate Account with WEG Bank AG

The team at Lisk (LSK) recently posted the following on their Twitter feed: “#Lisk is the first #blockchain project integrated as a corporate account with #WEGBank, run by @MatthiasHauff. This sets the path for the rollout of new financial services for the Foundation, such as new ways to buy #LSK as well as seamless #LSK-fiat payments in the near future.” WEG Bank gained attention last year when The Litecoin Foundation and TokenPay purchased a stake in the bank in an effort to offer the crypto sphere a reliable banking integration. (JF)

a day ago

Litecoin Price Prediction | LTC/USD Forecast: Up to $110?

🦄📋💰Currently occupying the number 4 spot in market cap rankings, with a circulating supply valued at $3,694,007,591, Litecoin is one of the oldest cryptocurrencies🧓

2 days ago

How Litecoin Differs From Bitcoin

So here’s a question for you, are Bitcoin and Litecoin the same? An interesting concept but both Bitcoin and Litecoin, superficially share a lot of the same features and ideas. With state fiat currencies like the US dollar and the Euro depending on political and legitimate structures for esteem and authenticity, computerised monetary standards depend on the cryptographic trustworthiness of the system itself. Even so, both of these cryptocurrencies have vastly different outlooks and there are still some significant differences between the two protocols. Supply One of the big differences between the two cryptocurrencies is the the supply of them. There is a big contrast in the overall volume of coins that they can both deliver to the public. With Litecoin, the system can oblige up to 84 million coins but when it comes to Bitcoin, the system will never be able to supply more than 21 million coins. This huge difference is just one piece of evidence that the two are not the same. Market Cap In terms of market cap, the two digital assets have huge differences. In late 2018, Bitcoin’s market cap was around $109 billion. Whether this is a high or low figure depends on how you see it, on your verifiable viewpoint. In mid-2010, the Bitcoin market cap was around $40,000 which if you think about it, it is a MASSIVE difference to what the market cap is sitting at today. So even though, Bitcoin is still the most profitable player in the crypto space, there are others such Ripple, Ethereum and of course, Litecoin that are making some ground. Speed On both of the systems, an exchange will happen almost instantly but even so, time is required for said exchange to be affirmed by other system members. According to information from Blockchain.info, Bitcoin system’s long haul normal exchange affirmation time is a little over ten minutes for every exchange but even so, this could fluctuate when traffic makes gains. The equal figure for Litecoin is just under three minutes. Essentially, this kind of level of distinction in affirmation time could make Litecoin considerably more appealing for the dealers. Underlying Algorithms One of the biggest and most central differences between the leading cryptocurrency and Litecoin is the underlying algorithms and cryptographic calculations that they both use. The longstanding new SHA-256 calculation which is used by Bitcoin. Litecoin, on the other hand, utilises a relatively new calculation which is known as Scrypt. The distinctive differences in the calculations are very important in their effect on the way new coins are mined. Both Bitcoin and Litecoin have affirming exchanges which require a decent amount of generous registering power. As reported by Hackernoon, “a few individuals from the system apportion their figuring assets toward affirming the exchanges of different clients”. In return for this, these individuals are given square rewards by gaining units of the cash which they have mined. Litecoin’s Doubling In terms of performance, Litecoin is doing really well. Where there have been a lot of cryptocurrencies which have been suffering during this ‘crypto winter’ LTC seems to be doing quite well. So far in 2019, Litecoin has made some significant gains and the prime dealer SFOX has tried to explain what has caused said gains in an industry report and pointed out several main factors that could be behind this. The report claims that when it was initially created, the idea of Litecoin was to be “frictionless, borderless, peer-to-peer electronic cash”. With this, anything that helps the digital currency fulfil this purpose can potentially boost its price. Over the years that followed since the launch of Litecoin, the number of companies that started to accept it has increased quite significantly. The mobile app, Spend announced that it was going to be offering a Litecoin function in an upcoming update in February which was a big breakthrough for the digital currency. The update would mean that people could use Litecoin as a payment method for over 40 million merchants on an international level. The transaction fees have been decreasing and they have also been getting a lot faster. Litecoin has been making progress in decreasing its transaction time which is something that is vital in helping LTC serve as a viable medium of exchange. Over the past year, the fees have gone down too which has made it a lot easier for users which also helps the crypto serve as a medium of exchange too. These are just a few of the great things happening over at Litecoin, let’s talk about Bitcoin... well, to be honest, there isn’t much to say. BTC recently made the jump above $4,000 but aside from that, there isn’t much to report on as it is as an asset. This just shows that the two aren’t the same. Sure, they have similarities but they aren’t the same. This is something that is important to clarify.

2 days ago

Top Cryptocurrencies on the Verge of Breaking out Following an Exciting Weekly Performance

Months of waiting seem to be getting to an end as the cryptocurrency market gradually shows positive sign of bouncing back. The last seven days has been an interesting one. Almost all the top cryptocurrencies are showing a positive growth rate with Bitcoin getting back to the $4000. Bitcoin was trading at $3,905 on 13 March 2019 but recorded a 3.5% price increase to trade at $4,070 in seven days. Ethereum, the second highest ranked coin in Market Cap made an impressive price surge from $133 on 13 March 2019 to $139 today (20 March 2019.). It recorded a percentage rise of 4.1%. XRP trading at $0.316 on 13 March 2019 made a little price surge to trade at $0.319 today. It recorded a 1.17% rise in the price curve. Litecoin unsurprisingly repeated its good run to trade at $60. Litecoin was somewhere around the $30 mark at the beginning of the year, but for some time now has made good progress to double its price. Litecoin moved by 7% to record $60 from its $56 price point on 13 March 2019. EOS coin surged by 2.7% to trade at $3.7 from its $3.6 price mark in the last seven days. Bitcoin Cash is the coin of the week in the last seven days. BCH surged in price by 23%. On 13 March 2019, it was trading at $129. In just seven days, it took a high jump to record $158. Stellar Lumens pulled an impressive performance to make a difference in its price by recording a 6% price increase. On 13 March 2019, it was trading at $0.103 but currently trading at $0.111. The 6% price growth made a little impact on its market price due to the size of its available supply. Tron surged in price by 1.77%. Cardano also made another impressive run having recorded a percentage increase of 13% in the last seven days. It was trading at $0.04 on 13 March 2019 but currently trading at $0.05. Monero which is ranked in the first 20 of Coinmarketcap rankings rose in price by 7% in the last seven days. Another cryptocurrency that deserves recognition is Ontology. Ontology surged in price by 23% in the last seven days. It is interesting to note that after the market stabilized for a while, there has not been any massive fall. The cryptocurrencies have been climbing the price curve slowly, and this is a good sign for the market and for those who have some coins in their wallet waiting for the bull run. The post Top Cryptocurrencies on the Verge of Breaking out Following an Exciting Weekly Performance appeared first on ZyCrypto.

2 days ago

Ontology (ONT) Surges 25%, Overtakes ETC and NEO In Market Cap

Ontology price rallied recently by more than 25% and broke the $1.40 resistance against the US Dollar. ONT surpassed the market cap of ETC and NEO to climb at 17th position in the market cap. There is a major bullish trend line in place with support at $1.200 on the 4-hours chart of the ONT/USD pair (data feed from Binance). The price traded as high as $1.4417 recently and it may correct lower in the near term. Ontology (ONT) rallied recently above $1.30 and $1.40 against the US dollar. ONT surpassed the market cap of ETC and NEO to climb to 17th spot, with a strong bullish momentum. Ontology (ONT) Price Analysis Yet another solid week for ontology (ONT) as its price rallied above the $1.20 barrier against the US dollar. Recently, there were positive moves in bitcoin, Ethereum, ripple, litecoin and EOS, helping ONT in gaining traction. After struggling near the $1.08 resistance for some time, buyers finally gained momentum. The price surged above the $1.10 and $1.20 resistance levels to start a solid uptrend. It rallied above the $1.40 resistance and traded to a new yearly high at $1.4417. At the moment, the price is retreating from the $1.4417 high and it may correct lower in the near term. An initial support is $1.365 and the 23.6% Fib retracement level of the last wave from the $1.105 low to $1.441 high. If there is a downside extension, the price may test the $1.275 support. It represents the 50% Fib retracement level of the last wave from the $1.105 low to $1.441 high. Besides, there is a major bullish trend line in place with support at $1.200 on the 4-hours chart of the ONT/USD pair. The trend line support is near the 61.8% Fib retracement level of the last wave from the $1.105 low to $1.441 high. Moreover, the price is well supported above the $1.20 pivot level and the 55 simple moving average (4-hours). Therefore, if there is a downside correction, the price is likely to find a lot of buyers near the $1.27 and $1.20 level. On the upside, an initial resistance is near $1.441, above which the price could trade towards $1.50. Looking at the chart, ONT price is clearly surging higher, with a strong bullish angle above $1.30. Dips remain supported and there are high chances of more gains above $1.45 and $1.50. Technical indicators 4 hours MACD - The MACD for ONT/USD is currently placed heavily into the bullish zone, with a positive bias. 4 hours RSI (Relative Strength Index) - The RSI climbed higher sharply and it is currently above the 70 level. Major Support Levels - $1.3500 and $1.2750. Major Resistance Levels - $1.4400 and $1.5000. The post Ontology (ONT) Surges 25%, Overtakes ETC and NEO In Market Cap appeared first on Live Bitcoin News.

2 days ago

Litecoin (LTC) Price Primed For More Upsides Toward $65

Litecoin price remained in an uptrend and traded above the $60.00 resistance area against the US Dollar. LTC price corrected lower, but it found support near the $57.00 area. There is a key bullish trend line formed with support at $57.40 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is currently consolidating above supports and it may climb towards the $65.00 resistance area. Litecoin price is placed nicely above key supports against the US Dollar and bitcoin. LTC could trade in a range before a fresh upward move above $62.00 and $64.00. Litecoin Price Analysis In the past few days, there was a steady rise in litecoin price from the $52.00 swing low against the US Dollar. The LTC/USD pair traded above the $55.00 and $58.00 resistance levels to move into a positive zone. The recent upward move was strong as the price even broke the $60.00 barrier. A new monthly high was formed at $62.28 and the price settled well above the 55 simple moving average (4-hours). Recently, there was a downside correction in bitcoin, Ethereum, ripple, Litecoin, EOS, ADA, TRX and other cryptocurrencies. LTC price corrected lower and traded below the $60.00 support. There was a break below the 23.6% Fib retracement level of the last wave from the $52.37 low to $62.28 high. However, the decline was protected near the $57.00 level and the 55 simple moving average (4-hours). Moreover, the 50% Fib retracement level of the last wave from the $52.37 low to $62.28 high acted as a support. Besides, there is a key bullish trend line formed with support at $57.40 on the 4-hours chart of the LTC/USD pair. The price recovered and moved above the $58.00 and $59.00 levels. However, it seems like the price is struggling to gain momentum above the $60.00 level. The current price action suggests that there could be range moves above $57.00 before a fresh upward move. A successful break above $60.00 and $62.00 may perhaps open the doors for more gains. Looking at the chart, litecoin price is clearly placed nicely in a positive zone above the $57.00 level. If there is a downside break, the next key support is near the $55.00 level. On the upside, buyers seem to be targeting a break above the $62.00 resistance level. The next main resistance is near the $65.00 level, where sellers may emerge. Technical indicators 4 hours MACD - The MACD for LTC/USD is slowly reducing its bullish slope, but with no major bearish sign. 4 hours RSI (Relative Strength Index) - The RSI for LTC/USD is still placed well above the 50 level. Key Support Levels - $57.00 and $55.00. Key Resistance Levels - $60.00 and $62.00. The post Litecoin (LTC) Price Primed For More Upsides Toward $65 appeared first on Live Bitcoin News.

2 days ago

BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

Cryptocurrency ATM operator Värdex Suisse has introduced BCH support to its devices. The company is a financially regulated entity that provides access to digital assets through its teller machines, POS services and partnerships with retailers in Switzerland and abroad. Also read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments Bitcoin Cash Available on All Värdex ATMs “Bitcoin cash (BCH) is online and available now on all our ATMs!” Värdex Suisse announced in a tweet on Tuesday. The company claims it maintains the largest crypto ATM network in the Alpine nation. Its website shows 26 ATM locations in major Swiss cities such as Bern, Zurich, Geneva, Basel, Lucern, and Lausanne. The company’s devices support the purchase and sale of three other leading cryptocurrencies as well: bitcoin core (BTC), ethereum (ETH) and litecoin (LTC). Värdex Suisse AG, originally founded as Bitcoin Suisse AG, has been operating independently since 2017 in order to meet the high demand in the retail sector for the kind of services it offers. The company is a member of the Financial Services Standards Association (VQF) and part of the Crypto Valley Zug Community. Värdex also says its mission is to make buying and selling digital currencies “as seamless and easy as a regular visit to a bank ATM.” It is doing that through a number of partnerships, a recent example being the recently announced crypto exchange service offered by Liechtenstein’s post office with the help of the Swiss company. 350 ATMs Across Europe Support BCH Switzerland is one of several countries in Europe that have made efforts to create favorable conditions for crypto companies and blockchain businesses. Its Crypto Valley, centered in the Canton of Zug, has expanded significantly over the last couple of years. It currently numbers about 750 companies including those based in neighboring Liechtenstein. The business-friendly conditions and regulations have catalyzed the growth of the crypto-related services offered in the country. They include payment and teller services providing secure access to digital coins and increasing their mainstream adoption. According to data compiled by tracker website Coinatmradar, there are currently 52 bitcoin ATMs and crypto tellers across Switzerland. Around half of them now support purchases and sales of bitcoin cash. The number of BCH trading devices has been growing in Europe as well, reaching around 350 across the region. However, the Old Continent is still lagging behind the U.S. where almost 1,200 ATMs offer bitcoin cash. Is the number of ATMs supporting BCH growing in your region? Let us know in the comments section below. Images courtesy of Shutterstock, Värdex Suisse. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post BCH Is Now Supported by a Large Crypto ATM Network in Switzerland appeared first on Bitcoin News.

2 days ago

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com. Also read: Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions Lending Cryptocurrencies Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB. The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. CEO Sumit Gupta told news.Bitcoin.com that BTC has the highest interest rate “because our traders mostly do margin trading in BTC markets (hence high demand for BTC lenders).” The exchange detailed that there are “three lending term lengths: 7 days, 15 days, and 30 days. The interest rate varies dynamically and goes up to a maximum of 2%, according to market dynamics — demand and supply.” Furthermore, its website states that “the cryptocurrencies lent through Dcxlend will be used to provide leverage to users on Dcxmargin,” another service the exchange offers. Gupta shared with news.Bitcoin.com that during the beta testing period with just BTC and USDT, “we had roughly 120 lenders which led to a circulation of 170 BTC on a daily basis.” Claiming that the program has recently garnered more attention from lenders, he remarked, “Hence we’re scaling it up and will keep on adding more coins.” The CEO explained that his exchange has an internal settlement and liquidation mechanism for margin trading which does not have “a dedicated funding wallet,” elaborating: Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin. Similar Programs Worldwide In the U.S., Blockfi recently introduced a savings account that enables customers to earn 6.2 percent annually on their BTC and ETH. Meanwhile, regulated bitcoin derivatives exchange and clearinghouse Ledgerx has a program called Ledgersavings which allows clients to earn an implied rate of around 16 percent annually. In Japan, regulated exchange GMO Coin launched a lending program for BTC, BCH, ETH, LTC, and XRP last year. However, at the time of this writing, the exchange is only borrowing BTC but customers can lend between 10 and 500 BTC over 181 days and earn up to an annual rate of 5 percent. Recently-licensed Japanese exchange Coincheck, which was hacked in January last year, also has a lending program for BTC with a maximum annual rate of 5 percent. Prior to the hack, this service supported 12 cryptocurrencies. Bitbank, another regulated Japanese exchange, also offers up to 5 percent interest annually for users lending between 1 and 25 BTC. Besides BTC, the exchange plans to extend the offer to BCH, ETH, LTC, XRP, and MONA. Would you lend your cryptocurrencies to an exchange? Let us know in the comments section below. Images courtesy of Shutterstock. Disclaimer: Bitcoin.com does not endorse or support claims made by any parties in this article. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Need to calculate your bitcoin holdings? Check our tools section. The post Indian Exchange Launches Lending Program for 5 Cryptocurrencies appeared first on Bitcoin News.

2 days ago

Sally Ho's Technical Analysis 21st March

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) continued its move higher and printed at its Highest level since 24 February 2019, with Stops triggered above the 4026.62 level, representing the 76.4% retracement of the move from 4239.37 to 3337.87. During the pair’s climb to 4044.82, Stops were also elected above the 4037.47 level, representing the High from 16 March. The 4013.59 level provided some intraday technical Support during the Asian session, representing the 76.4% retracement of the recent 4037.47 - 3936.30 range. Technical Support is expected around 3938.66/ 3877.79/ 3763.33/ 3684.13/ 3620.14 with Stops expected below. Technical Resistance is expected around 4062.82/ 4111.39/ 4188.79/ 4239.37 with Stops expected above. Upside price objectives remain around the 4163/ 4358/ 4673 levels. On 240-minute chart, Price activity remains significantly above the 50-bar MA (3939.52). SlowD Bearishly crossed above SlowK while MACD Bullishly remains above MACDAverage. On 60-minute chart, Price activity remains above the 50-bar MA (3992.49). SlowD is Bearishly above SlowK and MACD and MACDAverage are Bearishly converging. ETH/USD (Ethereum/ US dollar) Ethereum (ETH/USD) gained positive ground during today’s Asian session with the pair climbing to the 139.33 area after Stops were elected above the 139.13 level, representing the 38.2% retracement of the 165.62 - 122.75 range. The 139.13 level then became short-term Resistance during the Asian session, with Bids later emerging around the 137.45 level, representing the 61.8% retracement of the 160.62 - 100.15 range. Technical Support is expected around the 134.91/ 132.10/ 130.05 levels with Stops expected below. Technical Resistance is expected around the 143.05/ 144.19/ 147.22 levels with Stops expected above. Downside price objectives remain around the 119.57 level. On 240-minute chart, Price activity is nearest the 200-bar MA (136.50). SlowK Bullishly remains above SlowD while MACD and MACDAverage have converged. On 60-minute chart, Price activity is nearest the 100-bar MA (137.67). SlowK and SlowD have Bearishly converged while MACD remains Bullishly above MACDAverage. LTC/USD (Litecoin/ US dollar) Litecoin (LTC/USD) has traded very technically through today’s Asian session as the pair tested the 60.91 level, right around the 76.4% retracement of the recent 62.22 - 56.80 range. Bids thereafter emerged around the 59.51 level, representing the 50% retracement of the same range. Bears are eyeing the 58.87 and 58.08 levels on a further pullback. Technical Support is expected around the 57.54/ 54.48/ 48.33 levels with Stops expected below. Technical Resistance is expected around the 66.80/ 72.16/ 75.06 levels with Stops expected above. Upside price objectives remain 74 level. On 240-minute chart, Price activity is nearest the 50-bar MA (58.41). SlowD has Bearishly crossed above SlowK while MACD and MACDAverage have Bearishly converged. On 60-minute chart, Price activity is trading just above the 100-bar MA (59.47). SlowD remains Bearishly above SlowK while MACDAverage has Bearishly crossed above MACD. BCH/USD (Bitcoin Cash/ US dollar) extended recent gains as traders pushed the pair higher to the 158.90 level. Significant Bids emerged yesterday after traders tested the 152.50 level, just above the 23.6% retracement of the 104.80 - 166.80 range. Technicians are now waiting to see if the 155.87 level can hold as short-term technical Support. Otherwise, a breach could portend a test of the 149.06 level, representing the 38.2% retracement of the move from 120.36 to 166.80. Technical Support is expected around the 150.87/ 145.95/ 143.58 levels with Stops below. Technical Resistance is expected around the 171.41/ 186.47/ 194.60 levels with Stops above. Downside price objectives remain the 110 and 82 levels. On 240-minute chart, Price activity is nearest the 50-bar MA (147.52). SlowK remains Bullishly above SlowD while MACDAverage is Bearishly above MACD. On 60-minute chart, Price activity continues to orbit the 50-bar MA (157.39). SlowD is Bearishly above SlowK while MACD remains Bullishly above MACDAverage.

2 days ago

Crypto Market Rally Inevitable: ONT Surges, Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap is about to break the $136.0B resistance level for the next bullish wave. Bitcoin cash price is back above the $160 level and it may continue to rise towards $165. EOS price is slowly moving higher towards the key $3.80 resistance area. Stellar (XLM) price is currently consolidating above $0.1110 and it could move towards $0.1200. Tron (TRX) could recover and test the $0.0230 resistance level. The crypto market seems to be positioned for an upside break, with solid gains in ONT and XTZ. Bitcoin (BTC), Ethereum (ETH), stellar (XLM), BCH, EOS, ripple and tron (TRX) are eyeing more gains. Bitcoin Cash Price Analysis Recently, bitcoin cash price corrected lower from the $165 resistance against the US Dollar. The BCH/USD pair tested the $158 level where buyers appeared. The price moved higher once again and broke the $160 resistance level. The current price action is positive and it seems like there could be more gains towards the $162 or $165 level. If bitcoin accelerates higher above $4,100, it could help BCH in clearing the $165 and $170 resistances. Stellar (XLM), EOS and Tron (TRX) Price Analysis EOS price corrected lower recently, but the $3.65 level acted as a decent support. The price climbed higher once again and traded above $3.70 and $3.75. The next key resistance is at $3.80, above which there is a risk of more gains towards the $4.00 level. Stellar price performed really well this week as it gained traction above the $0.1100 level. XLM price is currently consolidating gains and it seems to be setting up for more upsides above the $0.1150 and $0.1160 in the coming sessions. Tron price is back above the $0.0220 support, but upsides might be limited. TRX price may correct higher towards $0.0230, where sellers are likely to emerge. On the downside, a break below the $0.0220 support could open the doors for a break towards $0.0200. Ontology (ONT) price rallied recently by more than 16% and broke the $1.20 and $1.30 resistance levels. The next stop for ONT buyers seem to be near $1.50. Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady rise from the $130.0B support level. The market cap followed a nice uptrend and it recently moved above the $132.0B and $134.0B resistance levels. However, the $136.0B level is currently acting as a strong resistance. The current technical formation is solid and suggests that the market cap could climb above the $136.0B and $137.0B resistance levels in the near term. Therefore, there are high chances of a decent bullish wave in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, ONT, XTZ, and other altcoins in the near term. The post Crypto Market Rally Inevitable: ONT Surges, Bitcoin Cash, XLM, EOS, TRX Analysis appeared first on NewsBTC.

2 days ago

Vitalik Buterin: “Inevitable” That Ethereum Loses Some of its Lead in Crypto

Ethereum co-founder Vitalik Buterin admitted that Ethereum is losing its lead in the cryptocurrency market. Speaking on the Unchained podcast, Buterin said that losing a chunk of market share was “inevitable and unavoidable” for both the crypto projects. The 25-year old developer referred to new blockchain projects that were taking different approaches to reach the same goal as that of Ethereum, thereby taking away some part of its community. He told host Laura Shin that: “It [Ethereum] has lost some of its lead to some extent. It’s kind of inevitable and unavoidable. Ethereum really was the first general purpose smart contract thing. Bitcoin was, for example, the first cryptocurrency and originally, it had 100 percent of the market share. Then, it went to 90 and now it’s at 55.” How is Crypto Market Share Calculated? Market share refers to the percentage of one asset’s market capitalization against the total valuation of the asset’s industry. The first cryptocurrency bitcoin gained a natural lead over other crypto projects. It continues to hold the first rank of biggest cryptocurrency by market cap. Nevertheless, the rise of competing projects, starting with Litecoin, Dash, and followed by Dogecoin, XRP, Ethereum, Bitcoin Cash, amongst many others kept sneaking away little portions off bitcoin’s once-100% market share. .@laurashin asks @VitalikButerin, "Would you be upset if another blockchain took the lead [ahead of ethereum]?" Buterin jokingly responded, "It depends which blockchain ... If #TRON takes over ethereum, I'll have lost a certain amount of hope for humanity, not nearly all." — Christine Kim (@christine_dkim) March 21, 2019 However, losing market share does not mean that bitcoin is shrinking. The cryptocurrency market capitalization, on a whole, was just $1.59 billion on April 23, 2013. And now, its valuation is well above $141 billion. Similarly, Bitcoin’s market capitalization on April 28, 2013, was $1.50 billion. And now, it has surged to $71.95 billion. Of course, bitcoin’s market share is now 48-percent less than what it used to be in 2013. But it does not mean its individual valuation has gone down. As a standalone project, bitcoin is ballooning as it was all those years. Is Bitcoin Losing Market Lead? From an investor’s point of view, the market now has more crypto projects than ever. Traders have more options to spread their portfolio and distribute their risks across multiple crypto-assets. It might have to do with an asset’s long-term potential, but it can also be about hedging near-term - to make profits from intraday price volatility. But the crypto market is not just a few traders anymore. According to a study published by the University of Cambridge last December, the number of cryptocurrency users almost doubled in the first three fiscal quarters of 2018. Excerpts from the report: “Combining public data and survey findings, we estimate that the total number of user accounts at service providers amounts to at least 139 million in late 2018. Using a combination of verified user data and the average share of ID-verified accounts described above, we also estimate there are currently at least 35 million ID-verified users globally.” Source: University of Cambridge An increase in user-base means that more fiat assets flew into the crypto market, benefitting bitcoin as well as rest of the cryptocurrency market. The only difference remained that investors now had more assets to invest other than bitcoin, which is why the leading crypto asset lost some part of its market share. Again, it doesn’t mean that it lost the lead. Buterin rightly said that it was a win-win situation for everybody and no one blockchain plan was competing with the other. “I want to see an environment where different approaches to things can thrive and prosper. Ethereum can win and other projects that do interesting things can win too.” [Disclaimer: The author is holding long positions in Bitcoin and Ethereum markets.] The post Vitalik Buterin: “Inevitable” That Ethereum Loses Some of its Lead in Crypto appeared first on NewsBTC.

2 days ago

Bitcoin Cash (BCH) Bulls Must First Clear $170 Before Rallying to $230

Latest Bitcoin Cash News It’s got to be pretty exciting to be a Bitcoin Cash holder. Hours after Avnet announced their partnership with BitPay, one of the world’s largest crypto processor, allowing their clients to settle with Bitcoin Cash and Bitcoin, Vardex Suisse—the Switzerland based blockchain and Point of Sale operator which is also a regulated firm which provides access to digital assets including Bitcoin and Litecoin in all of their ATMs, now supports Bitcoin Cash. Read: CoinMarketCap Indices Listed on Bloomberg, Nasdaq “When a customer elects to make a purchase with Bitcoin (BTC) or Bitcoin Cash (BCH), Avnet will work with BitPay to verify the funds, process the order and complete the transaction. Avnet and BitPay will also have the ability to manage and process cryptocurrency requests outside the US on a country-by-country basis” Vardex Suisse has been working independently since 2017 and with an express objective of meeting customers’ demand through a reliable and easily accessible network, the provider is a member of the Financial Services Standards Association (VQF) as well as Crypto Valley Train Community. Bitcoin Cash (BCH) is online and available now on all our ATMs!@generalbytes @bitcoinschweiz @BTCTN Find all our ATMs here: https://t.co/07llizqW3Y pic.twitter.com/zTDecK78Yn— Värdex Suisse AG (@vaerdex) March 19, 2019 Because they are keen on making crypto purchases as seamless as possible, Vardex has partnered with Post von Liechtenstein and taking advantage of favorable regulations in the country that has seen crypto businesses flourish. Interested users can buy Bitcoin Cash using fiat, wallets or credit cards. Also Read: Crypto Scores Big-Name Backer in Chicago’s Mayor: “Alternative Currencies Will Happen” BCH/USD Price Analysis Bitcoin Cash (BCH) is a top performer in the top 10 adding 24 percent in the last week. Even though BCH buyers are in charge, there is strong sell pressure at $160, our immediate resistance level. All the same, bulls are firm and have satisfactorily reversed losses of Feb 24, an important reference bar in the last month. Despite our optimism and expectation of higher highs towards $230, our ultimate target marking Dec 2018 highs, we shall adopt a wait and see approach aware that failure of buyers to build momentum and close above $170 is bearish for BCH. Trend and Candlestick Formation: Bullish, Bear Breakout From a top down approach, sellers are in control and yet to recover from the losses of mid-Nov 2018. That means, BCH/USD is trading within a bear breakout pattern. However, from a second look, price action is trending within Dec 16-20 bull bars and the failure of sellers to close below $70 means buyers have a chance in the short-term. It has been affirmed by bulls finding support and bouncing off the 78.6 percent Fibonacci retracement level based on Dec 2018 high low. If anything, this is bullish in the short-term and albeit the deep correction, BCH could rally to $230 but that is largely dependent on whether bulls clear our minor resistance level at $170 marked by the 38.2 percent Fibonacci retracement level of Dec 2018 high-low. Volumes: Bearish Although BCH buys have an upper hand, sustaining their momentum are low volumes. Four weeks later and bulls have managed to recover losses but accompanying volumes are low. On Feb 24, volumes stood at 85k but Mar 16 bull bar was pumped by low volumes at 78k. What we need, for our bullish stance to hold true, is for prices to break above $170 with high participation exceeding 90k. That will confirm bulls of Feb 18 and might be the necessary impetus for a possible BCH rally. All charts courtesy of Trading View—CoinBase This is not investment advice. Do you research. The post Bitcoin Cash (BCH) Bulls Must First Clear $170 Before Rallying to $230 appeared first on Ethereum World News.

2 days ago

Bitcoin Price & Technical Analysis: BTC Trying to Continue Rising

Coinspeaker Bitcoin Price & Technical Analysis: BTC Trying to Continue RisingBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.Paper shops in Australia start selling BTCNovogratz thinks Bitcoin is likely to rise soonInvestors get more interested in altcoinsOver the last week, there were no major news in the crypto world.Among the curious things, one may pay attention to the Australian paper shops starting selling BTC. This is based on the Binance’s Lite Australia platform. Currently, there are at least 1,300 selling points. Other cryptos are likely to be added soon. The transaction fee is 5%, and one has to go through the verification process in order to use the service.This is another step towards integrating cryptos into the everyday life, and a good idea to attract casual users to Bitcoin.Mike Novogratz, the Galaxy Digital CEO, thinks the BTC is nearly ready to get back to a sustainable growth. He mentioned this while commenting on the survey run by Changpeng Zhao, the Binance director. The survey was run through Twitter, and 64% of the participants opted for a bearish outlook for the major crypto.Meanwhile, people get more interested in altcoins, which may take the BTC away from its otherwise quite fixed first place. The Bitcoin market share is already 50.90%, with 51% in December. This is mostly due to the altcoins, including Litecoin and Binance Coin, being quite active over the last few months.On W1, the BTC is trading sideways in a narrow range after a long downtrend; the upper boundary is near $4,700. The MACD is meanwhile headed down, which signals the downtrend is not over yet. The Stochastic has entered the oversold territory but it still giving a sell signal. A golden cross may change the current signal, though.Photo: Roboforex / TradingViewOn D1, the Bitcoin is showing an ascending correction channel in detail. The correction is against the latest downward impulse, with the potential targets lying at 38.20% ($4,428) and 50% ($4,835) Fibo. The MACD is confirming the rising trend, while the support is at $3,542.Photo: Roboforex / TradingViewOn H1, the price is trying to hit the upper short term channel boundary at $4,122. The local support is meanwhile at $3,888. The Stochastic is diverging, thus signaling a potential pullback after the local target has been reached.Photo: Roboforex / TradingViewBitcoin Price & Technical Analysis: BTC Trying to Continue Rising

2 days ago

BuySellHodl: Next-gen crypto price prediction, ratings app made for beginners and experts alike

The inception of cryptocurrencies over a decade ago was the beginning of a revolution in the financial sector. Cryptocurrencies threatened the very existence of traditional financial systems as the decentralized model was hailed as the future of the economy. A decade ago, only a handful of people believed in Satoshi Nakamoto’s idea of a decentralized and public currency based on a technology almost unheard of - blockchain. Fast forward 10 years, cryptocurrencies have now gained widespread adoption, with over 2,000 cryptocurrencies currently live in the market, boasting a cumulative market cap of over $130 billion. The industry has seen it all, the non-adoption phase, the gradual rise in prices, the price pinnacle, and the great fall. The crypto bull run that happened towards the end of 2017 was one of the biggest bull runs in the history of finance. The huge surge in prices made quite a few of the early investors millionaires almost overnight and made headlines across the globe. However, just like any other asset class, risk plays a major role in the cryptocurrency sphere as well. The market correction that ensued after the bull run proved that the volatility of cryptocurrencies is yet to be regulated as most of the top coins lost a major portion of their value. Bitcoin, the largest cryptocurrency in the market, saw an 80% dip in its price in 2018 and Ethereum, the second largest coin, lost over 90% of its value in the market correction, which was followed by a radically bearish market. Though this presents a grim picture, the bear market also offers a new beginning for investors and the crypto markets. The last time prices were so low, almost all cryptocurrencies saw a massive bull run soon after. If history is any indication, a major rise in prices awaits the market sometime in the immediate future. Considering the extreme volatility of the market, identifying the right coins and the correct trends could just be the difference between becoming a millionaire or losing all your money. As crypto-markets and price movements are relatively unpredictable and need a lot of analysis to decipher, an easy way to understand the market was absent, until now. What is the BuySellHodl Crypto App and how is it unique? A new chapter for cryptocurrencies is upon with the launch of the BuySellHodl crypto app. The newly launched Android and iPhone app lays the foundation for exploring one of the most uncharted territories of the cryptosphere; cryptocurrency price predictions and user sentiment. The app queries its users for their opinions on the overall state of the cryptocurrency market, Bitcoin, and the value associated with the top cryptocurrencies in order to create this unique content. This data is then used as part of a proprietary formula to generate real-time 2020 price predictions, crypto ratings, and coin rankings. What makes the BuySellHodl app unique is its method of generating real-time crypto ratings, rankings, and price prediction data. By leveraging user opinions, the app is able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data. This removes the shortcomings and biases of other ratings and predictions sites, and acts as an invaluable analysis tool for beginners and experts alike. Furthermore, the live crypto ratings and price predictions are available on the BuySellHodl website, iPhone and Android Cryptocurrency App. A game-changer The app is a game-changer as it has several unique features tailor-made for users interested in crypto, be it an expert or a beginner. The most unique feature of the app is its 2020 bitcoin price prediction, rankings, and ratings for the top cryptocurrencies. Bitcoin, the kingpin of cryptocurrencies, is the #1 ranked coin on BuySellHodl with 71% of users saying to buy Bitcoin. The app has a separate card for each coin wherein the Rating, Price Prediction, and Top Pick data are dislayed. The card also has three other specific sections. The first one, Users Consensus, shows the breakdown of how many users said to buy, hodl, or sell that coin. Currently, it signals ‘Buy’ for Bitcoin as the collective cryptocurrency market is at a low compared to the beginning of the year. This will help users understand the market sentiment and trends regarding the price predictions for the overall cryptocurrency market and the top coins. This feature also covers other currencies, including Ethereum and Litecoin price predictions. The second feature is the Forecast for the coin. This reveals the 2020 price predictions for each coin. The 2020 Bitcoin price prediction is $8,842. This is a very bullish prediction as it would be a 122% rise from its current value if the predicted price point materializes. The third feature elucidates how many users actually voted the particular coin as the top pick, ie, it helps users understand the market better by understanding which currency investors think is going to outperform. The app then ranks the coins as to the best cr

2 days ago

Litecoin Price Analysis - LTC Getting Sold

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The LTC is declining Thursday, trading at $59.60. After making new local lows, the crypto has been going down for the third day in a row. On H4, the Litecoin is inside an ascending channel that looks quite stable. The MACD, however, is forming a black cross after divergence, which means the price may soon start going down. The LTC is already testing the local support, and in case it’s broken out, the next target will be at $52.65, and then the projection support at $40.70. The same situation may be confirmed with H1, where the LTC already started declining after the Stochastic had formed a black cross. In the short term, the local support will get tested and probably broken out. The financial sector is still unable to determine whether cryptos are good or bad. Citigroup opted for not issuing its own crypto; they believe that the existing techs are better than those based on blockchain. Citi had been studying this since 2015, but finally decided to stick to traditional technologies. Indeed, SWIFT is well enough to support all the necessary functions, while the systems being tested proved to be quite mediocre. Conversely, VISA may well start developing the crypto techs. The company is looking for people knowledgeable in cryptography, digital money, and blockchain. As for the LTC, there are news on Huobi including the Litecoin into their Huobi OTC platform. The crypto is available there starting today, and one may buy it with no commission. Huobi is number 19 in the exchange rating according to the trading volume, so this is quite good for the Litecoin. Disclaimer Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. Image(s): Shutterstock.com The post Litecoin Price Analysis - LTC Getting Sold appeared first on NullTX.

2 days ago

Litecoin Price Prediction: Is LTC Going To Make Another High, or Is This the Top?

Long-Term Outlook [caption id="attachment_35584" align="aligncenter" width="1285"] Litecoin Weekly Chart - Source Tradingview.com[/caption] A look at the Weekly chart for Litecoin shows that the price is trading below the minor resistance area near $80. It is trading above the 21 and 200-period moving average but below the 50 and the negative Ichimoku cloud. It is facing very close resistance...

2 days ago

A positive week for Bitcoin, Ethereum and Litecoin after a surge on Sunday

Bitcoin, Ethereum, and Litecoin have been holding a positive week since the tokens saw a price spike over the weekend. In this, we explore.

2 days ago

5 Altcoins Surge Above the Crypto Pack – Bitcoin, Ethereum, XRP Price Analysis

So far this year, five cryptocurrencies are stand-outs among the top 50 coins by market cap. • EOS +42%, from $2.62 to $3.74 • Maker +58%, from $448.26 to $710.03 • Litecoin +96%, from $30.87 to $60.58 • Ontology +133%, from $0.59 to $1.38 • Binance Coin +151%, from $6.07 to $15.25 Right now the […]

2 days ago

Switzerland’s Biggest Online Retailer Starts Accepting Payments in Bitcoin (BTC) and Altcoins

Digitec Galaxus AG, the biggest online retailer in Switzerland, has decided to enter the crypto space and has done so through the main door. In an official press release published on its website a few hours ago, the e-commerce giant announced that as of today, customers will be able to pay for their purchases with Bitcoin (BTC) and a significant number of altcoins: “As one of the first online shops in Switzerland, Digitec Galaxus now accepts cryptocurrencies: customers of the two online shops digitec and Galaxus can now use Bitcoin, Bitcoin Cash ABC, Bitcoin Cash SV, Ethereum, Ripple (XRP), Binance Coin, Litecoin, TRON, NEO or OmiseGO to pay for all purchases with a total of over CHF 200.- or more”. The firm was able to implement this new payment method thanks to a strategic alliance with the Swiss e-payments company Datatrans AG. This fintech, for its part, works together with Coinify (a crypto payment provider) to guarantee the instant conversion of crypto into traditional fiat currency. Crypto Payments: Innovation is Always Good For Business Despite not being wholly convinced of the advantages of blockchain technologies, Oliver Herren, Chief Innovation Officer at Digitec said that the company was willing to take that step a long time ago, but had to wait for the ecosystem to develop a bit to ensure a safe and innovative implementation: “We’ve been wanting to do this for ages, but the effort it would have required has just always been too big. Now we’ve found a simple solution with Datatrans and Coinify. Thanks to our very own engineering team Spectre, the implementation has been a relatively effortless and straightforward matter”. However, Claudio Schaad, leader of Team Spectre showed greater enthusiasm, explaining that the development team was really optimistic about the use of cryptocurrencies to expand their services: The question of the hour was: what was the coolest, most impactful project they could come up with? They found their answer in a half-attempted but finally abandoned agile initiative: cryptocurrencies. The mystery-mongers at Spectre laughed and said: this fits us like a glove” Mr. Herren explains that Digitec Galaxus AG would not be directly involved in the handling of cryptocurrencies. At the time of payment, customers send tokens that are immediately exchanged by Coinify into fiat, which is immediately transferred to the retailer. The process has a 15-minute payment window to minimize the risk associated with the volatility of the cryptocurrencies. The payment option is enabled for all the 2.7 million products available for purchase on both Digitec’s website - geared towards consumer electronics - and Galaxus - an online warehouse for the general public. The post Switzerland’s Biggest Online Retailer Starts Accepting Payments in Bitcoin (BTC) and Altcoins appeared first on Ethereum World News.

3 days ago

Litecoin (LTC) Price Breaks $60, Can There Be More Upsides?

Litecoin price finally broke the key $60.00 resistance area against the US dollar. LTC is currently consolidating above $60.00 and it could continue to move higher. Key Talking Points Litecoin price climbed higher and broke the $58.00 and $60.00 resistances (Data feed of Kraken) against the US Dollar.There was a break above a major contracting triangle with resistance at $60.55 on the hourly chart.LTC price remains supported on dips near $60.00 and it may rise above the $62.00 level. Litecoin Price Analysis (LTC) In the past few analysis, we discussed the chances of an upside break above $60.00 in litecoin price against the US Dollar. The LTC/USD pair did gain traction along with bitcoin, Ethereum, EOS and ripple to clear the $58.00 and $60.00 resistance levels. Looking at the chart, LTC price even broke the $61.00 level and settled well above the 100 hourly simple moving average. A new monthly high was formed near $62.04 and later the price corrected lower. It declined below the $61.00 level to start a short term correction. There was a break below the 23.6% Fib retracement level of the last wave from the $55.73 low to $62.04 high. However, the $59.00 level (the previous resistance) acted as a support and protected more losses. The price also found support near the 50% Fib retracement level of the last wave from the $55.73 low to $62.04 high. Finally, there was a fresh upside break above the $60.00 and $60.50 levels. There was also a break above a major contracting triangle with resistance at $60.55 on the hourly chart. It opened the doors for more gains, but the price once again failed near the $62.00 level. In the short term, there could be a few swing moves above $60.00 before the price makes the next move. Litecoin price will most likely extend gains above the $62.00 level. The next key resistance levels are $64.00 and $65.00. However, if there is a downside break below $60.00, LTC price may revisit the $58.50 support and the 100 hourly SMA. The market data is provided by TradingView. The post Litecoin (LTC) Price Breaks $60, Can There Be More Upsides? appeared first on Ethereum World News.

3 days ago

Bitcoin Price Could Sink to $1,850 Despite Bullish Crypto Momentum

In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U.S. dollar with solid volume across major markets in the likes of the U.S. and Japan. Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level. The stability of Bitcoin has led many tokens and alternative cryptocurrencies to record large gains against both BTC and the USD, with assets Litecoin, Enjin Coin, and Kyber Network surging by 50 to 100 percent in short time frames. However, speaking to CCN The post Bitcoin Price Could Sink to $1,850 Despite Bullish Crypto Momentum appeared first on CCN

3 days ago

Ethereum Price Analysis: ETH Temporary Liquidation at $140

Latest Ethereum (ETH) News To quantify, there are more than 1.2 million dApps based on the most-on demand and secure crypto smart contracting platform, Ethereum. With smart contracts executing orders off an immutable and public network, security is a top priority. Read:Report: Ethereum (ETH) Has Twice the Monthly Core Dev Support as Bitcoin (BTC) Emerging records indicate that the creators of each of these 1.2 million dApps successfully used an efficient tool that could pick out 13 common smart contract flaws and later rating and notifying the creator before execution. The tool that also improves transparency within the Ethereum ecosystem was launched by AmberData helps coders pick out common vulnerabilities plaguing Ethereum based dApps helping them control and even avert possible losses that can run into millions of dollars. And it is not a service locked to coders and dApp developers alone. Members of the public can use the tool to audit with their favorite Ethereum dApps thereby introducing the much-sought after transparency between end users and developers. Also Read:Ethereum (ETH) Co-Founder Predicts Blockchain Will Dominate Economy in 10 Years Meanwhile, customers of the hacked New Zealand exchange are set to get a haircut for their losses as the exchange struggles to par losses and resume normal service. Even so, users are disappointed because latest updates indicate that the exchange is yet to secure or recover stolen Ether (ETH). As a result, users will have to stomach losses as the haircut will be 100 percent. Now we know that #Cryptopia users who held BTC, LTC and ETH will receive 'haircuts'. BTC - 14% ; LTC - 43% ; ETH - 100%. All other coins they have secured so far seem unaffected, but there are still many more to gohttps://t.co/fl82np44Yp pic.twitter.com/wovQontAVq— SpectreCat (@CatSpectre) March 18, 2019 ETH/USD Price Analysis Prices are stable—as it has been in the last couple of days. At the time of writing, ETH is up 3.8 percent in the last week as prices consolidate within tight trade range. Even though buyers are in control and trading within a bullish breakout pattern after prices closed above $135 with decent volumes late on Mar 5, the lack of upward momentum reversing losses of Feb 24 is negative for bulls. Trend and Candlestick Formation: short-term bullish, Bullish breakout As aforementioned, buyers have a chance in the short-term and trading within a bullish breakout pattern after bulls of Mar 5. All the same and from our last ETH/USD iterations, it is only after there is a conclusive close above $170 that bulls can be authoritatively be in control as they would have successfully nullified the bear breakout pattern of mid-Nov 2018. Before then, aggressive traders should take advantage of dips in lower time frames, load up and aim for $170 with tight stops at Mar 5 lows or $135. However, should there be a slide and prices collapse below $135, then traders should exit their longs as it is likely that prices will drop back to $110 or $70—Dec 2018 lows. Volumes: Bearish From the chart, participation is shrinking. Despite our optimism and expectation of higher highs, records indicate that bulls are sustained by low and dropping volumes. By Mar 5, volumes stood at 296k with that dropping to 171k on Mar 17. By all accounts, this pales in comparison with those of Feb 24 whose average stood at 415k with record volumes of 880k. Therefore, unless otherwise there are strong gains above $170 with equally high volumes—ideally above 1 million, ETH will be under pressure and could cave, shattering our optimism. Any form of high volume close above $170 would, nonetheless, open doors for $250 or higher in days ahead. All charts courtesy of Trading View—BitFinex This is not investment advice. Do your research. The post Ethereum Price Analysis: ETH Temporary Liquidation at $140 appeared first on Ethereum World News.

3 days ago

EOS Price Primed For More Upsides Versus USD, BTC and ETH

EOS price climbed higher after forming support near the $3.25 level against the US Dollar. EOS is currently placed nicely in a positive zone and it could extend upsides versus USD, BTC and ETH. Key Talking Points EOS price traded higher and broke the $3.60 resistance level (Data feed of Kraken) against the US Dollar.There is a crucial bullish trend line in place with support at $3.62 on the 4-hours chart.The price remains supported on dips and it could climb higher towards $3.82 and $4.00. EOS Price Analysis Recently, there were strong bullish moves in bitcoin, ripple, EOS, litecoin, binance coin and other cryptocurrencies against the US Dollar. Later, most of them corrected lower and EOS price too corrected a few points from the $3.80 resistance, but it remains supported on dips. The chart above indicates that EOS price formed a solid support near the $3.25 level and later started a strong upward move. It broke the $3.50 and $3.60 resistance levels to move into a positive zone. There was also a break above a key bearish trend line with resistance at $3.60 on the 4-hours chart. It opened the doors for more gains above $3.70 and the price settled above 100 simple moving average (4-hours). The price climbed towards the $3.82-.3.85 resistance area, where sellers appeared. A high was formed near the $3.81 level before the price started a downside correction. It declined below the 23.6% Fib retracement level of the recent wave from the $3.284 low to $3.881 high. However, there are many supports on the downside above the $3.60 level. There is also a crucial bullish trend line in place with support at $3.62 on the same chart. Besides, the 100 SMA is positioned near the $3.60 level. If EOS price breaks the $3.60 support, it could test $3.55 and the 50% Fib retracement level of the recent wave from the $3.284 low to $3.881 high. The overall price structure is positive and it seems like there could be more gains above $3.75. $3.80 and $3.85 as long as the price stays above the $3.50 pivot level. The market data is provided by TradingView. The post EOS Price Primed For More Upsides Versus USD, BTC and ETH appeared first on Ethereum World News.

3 days ago

Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Can the Bitcoin Rally Continue? According to cryptocurrency technical analyst Mayne, on the technical side, the price trend of bitcoin is not overly bearish as long The post Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue? appeared first on CCN

3 days ago

Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin and 28 Cryptocurrencies Described in Four Words or Less

Cryptocurrencies existed long before the first digital coin was invented. Its theoretical construct has shared the goal of applying computer science principles and cutting edge mathematical to solve the political and practical shortcomings of traditional currencies. Its technical foundations dated back to the early 1980s when David Chaum, an American cryptographer, invented an algorithm called The post Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin and 28 Cryptocurrencies Described in Four Words or Less appeared first on The Daily Hodl.

3 days ago

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.70 support level. Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances. Tron (TRX) is currently flat near the $0.0230 support level. The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX) remain supported on dips. Bitcoin Cash Price Analysis Bitcoin cash price climbed higher recently and settled above the $150 and $160 resistances against the US Dollar. The BCH/USD pair tested the $165 resistance and later started a downside correction. The price tested the $162 level and it seems like it could test the $160 support in the near term. If there is a downside break below the $160 support, the price may decline towards the $150 swing support. On the upside, the $165 level is a strong resistance, above which the price may test the $170 level. Stellar (XLM), EOS and Tron (TRX) Price Analysis EOS price failed to stay above the $3.80 pivot level and corrected lower recently. It traded below the $3.78 level and tested the $3.75 support. If there are additional downside, the price could revisit the key $3.70 support level before another increase. Stellar price was one of the best performers as it gained traction above the $0.1110 resistance level. XLM price broke the $0.1120 and $0.1140 resistance levels to move into a positive zone. It is currently up around 4% and it may continue to climb towards the $0.1160 and $0.1180 levels. Tron price extended range moves below the $0.0240 resistance level. TRX price recovered recently and moved above the $0.0230 level. At the moment, it is trading in a tight range, with an immediate resistance at $0.0232. The main resistances are near the $0.0235 and $0.0240 levels. Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $137.0B swing high. The market cap declined below the $135.0B support level. However, the $132.0B support and the 100 hourly simple moving average acted as strong supports. Besides, there is a key connecting bullish trend line in place with current support at $133.0B on the same chart. If there is a downside break below $133.0B and $132.0B, the crypto market could gain bearish momentum. On the upside, a break above the $135.0B and $137.0B resistance levels is must for a fresh upward move in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term. Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis was last modified: March 19th, 2019 by Aayush JindalThe post Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis appeared first on NewsBTC.

3 days ago

Market Data Could Be The Next Crypto Arms Race

How long is one millisecond? It takes half a second - 500 milliseconds - for the human nervous system to turn a thought into speech. It’s too short to notice in daily life, but for institutional traders, a millisecond can be the difference between securing a key advantage and losing millions of dollars. Over the past three decades, computers and algorithms have gradually replaced humans as the main operators in the financial markets. A well-programmed algorithm can do what no human can: work around the clock, scan reams of market data in an instant, and find the smallest disparities or signals to exploit for (potentially) considerable gain. IPC Systems, a market data and trading solutions provider, will now include the cryptocurrency data feed from Intercontinental Exchanges (ICE) - the company which owns the New York Stock Exchange - into its Connexus Cloud. Real-time data from major cryptocurrencies, like Bitcoin (BTC), EOS and Litecoin (LTC) will be provided through a cloud solution which connects more than 6,000 market participants from around the globe. IPC works in the background, providing market data for some of the largest financial institutions in the world. Although few lay people know what it does, or have even heard of it, IPC underpins the trading operations which make institutions billions every year. Mike Smith, Director of Global Exchange Relations Management at IPC, said Connexus Cloud’s “completely unique” offering gave institutional investors an advantage in the cryptocurrency market. In an email to Crypto Briefing, Smith explained that data speed and reliability allow institutions to compete in a fast and complex trading environment. “Institutional investors rely on trading partners around the world, handling massive amounts of data, so [they] cannot afford to have connectivity or accuracy issues,” he said. IPC’s market data is updated 200 million times every day, or once every four milliseconds. For comparison, CoinMarketCap updates its data every minute. This makes market data on IPC’s Connexus Cloud 15,000 times faster than the most popular price aggregator. Market data is crucial for institutions Electronic trading is an arms race. For financial institutions, faster computers and more accurate data mean higher profit margins. As Bloomberg reported last year, many of the largest Wall Street banks are jockeying for position, looking to gain the slightest advantage over an equities industry worth nearly $60bn. A report published by the Tabb Group, a research and consultation firm, found that brokers could lose millions from even a fractional delay in market data. The researchers calculated that a firm could lose upwards of $4M per millisecond, if its data feeds were five milliseconds slower than their competitors. “If a broker is 100 milliseconds slower than the fastest broker, it may as well shut down its FIX engine and become a floor broker,” the report concluded. Institutional investors have made their presence felt in cryptocurrency. Crypto Briefing has already reported on how ‘bots’ - shorthand for algorithmic trading - have come to dominate the cryptocurrency market. Whereas a once-a-minute update to market data would be barely noticeable to retail investors, it would be laughably slow for institutions. Simply put, a trading firm wouldn’t stand a chance if it used this data. With IPC adopting ICE’s cryptocurrency data feed, the market is laying the foundations for greater institutional involvement. As has already happened in the traditional world, market data may become crypto’s next big battleground. The author is invested in digital assets, including BTC which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Market Data Could Be The Next Crypto Arms Race appeared first on Crypto Briefing.

3 days ago

Litecoin Short-Term Price Forecast: Expect a $60-70 LTC Price Soon. Ascension Continues!

💡👀Read Litecoin short-term price predictions from TradingView users. Find out when LTC price might stop growing, and how to trade LTC while it’s on the rise.

3 days ago

Cryptocurrencies With a 100%+ Surge Potential in 2019

2018 was a bad year for the cryptocurrency market. The year started with negative signs for most altcoins. This came after the market enjoyed an all-time high in 2017 and many hoped the prospects would continue into 2018. Now with 2019, the bear market appears to be coming to an end and some cryptocurrencies are showing signs of recovering fully. For cryptocurrency investors, the following digital assets are showing signs of consolidating their position in the market this year. Bitcoin As the pioneer cryptocurrency, Bitcoin always sets the pace for the entire digital currency market. Various reports and experts have indicated that Bitcoin will reassert its dominance over the cryptocurrency market in 2019. Management consultancy firm A.T. Kearney is among major institutions that have predicted Bitcoin’s market dominance in 2019. According to a report by the firm, come December, Bitcoin will reclaim nearly two-thirds of the crypto-market capitalization. Bitcoin is set to be the go-to crypto considering that altcoins are considered a risk among crypto investors. Over the years, Bitcoin dominance has also been cut down due to regulations. However, in 2019, more people are expected to invest in the cryptocurrency considering that regulators are becoming friendlier to the asset. In 2018, the regulation challenges made it impossible for Bitcoin to thrive. However, regulation won’t happen on a global scale, but we already have signs of Bitcoin resurgence. The maiden digital asset was hard hit by the bear market in 2018, but its value has stabilized setting a foundation for a resurgence. Binance Coin Binance Coin is a token by leading cryptocurrency exchange Binance. BNB is an ERC 20 token under the Ethereum blockchain platform. Upon launching the asset in 2017, BNB benefited from Binance exchange massive trading volume. BNB offers a handy coin for the trading platform and its loyalty program. The massive trading volume of the exchange caused a lot of positive BNB price predictions which were proven right shortly after its launch. BNB will also close the year in a bullish mode. Numerous industry experts don’t consider the possibility of Binance Coin price dropping. If the coin manages to keep its market share, it will surely become the prominent gainer from the market growth. Compared to other assets, Binance Coin is a highly liquid asset, one of the most useful coins in the industry. Furthermore, if the recent developments at Binance exchange are to go by, then 2019 should be BNB’s year. Binance launched its Decentralized Exchange Testnet and the new blockchain called Binance Chain to power the platform. The BNB coin will be a major asset of the Binance DEX. After a testing period, the coin will be hosted by the newly developed network from Ethereum blockchain. Ripple The XRP crypto is a product of Ripple Labs. Its main goal is to source liquidity for cross border payments. The platform targets banks and payment service providers through RippleNet technology. In 2019, XRP is set to rise considering that more financial institutions are finding its product attractive. Already, we can see success under Ripple, and this is a major indicator that global financial institutions will come on board. To date, more than 100 financial institutions have partnered with Ripple and are in the process benefiting from the many blockchain solutions around. After XRP’s system update, the network can process up to 50,000 transactions per second. These figures make Ripple the fastest transaction processing platform in the world compared to platforms like Visa. With the corporate subscription to the platform, XRP’s value may surge upwards to new heights. Ethereum Ethereum is the pioneer of altcoins. Apart from being a secure means of payment, Ethereum is the future of the internet. Experts believe that investing in Ethereum now will bring about lucrative returns. Ethereum is among assets that experienced a turbulent 2018. However, towards the end of 2019, Ethereum should be among the most valued cryptocurrencies based on a number of factors. Applications are taking over the internet. Considering that Ethereum’s platform is for setting up applications, we should see its value appreciate soon. The more the platform is used, the more the value appreciates. Additionally, more companies are adopting decentralized cloud-based applications. This adoption contributes to enhancing trust in the Ethereum network. Lastly, we have the increased usage of smart contracts by various platforms means good tidings for Ethereum generally. More firms are looking for transparency, speed, accuracy, security, and efficiency. All these features are available in smart contracts, pioneered by Ethereum. Litecoin Litecoin is an older altcoin that was designed to be Bitcoin’s alternative. The developers intended to have a product that is cheaper and lighter. Notably, Litecoin is underrated as it is more accessible to people than Bitcoin. Despite being around s

3 days ago

Market Update: Bitcoin Clearly Headed Up, All Signs Point To A Rally

The day began with a few altcoins turning green, one as such as we reported was Stellar (XLM) which at the time of press has extended its gains by over 5%. The movement from the few coins early on in the day has now seen the rest of the market begin moving up. Now, at the time of press, nearly all top cryptocurrencies are in the green zone and looking poised for a big move in the next couple of hours. The total market cap which had slipped below $140 billion has now returned back above it with the bulls eyeing $145 billion in the hours to come. Across the market, most coins are yet to record a 1% gain with BTC, ETH and XRP recording a 0.91%, 0.71% and 0.79% gain respectively at the time of press. Other coins with the potential to set trends like LTC, TRX, and BCH are also around or just below 1%. In the next couple of hours, led by BTC, all these coins are expected to be recording more significant gains. Bitcoin (BTC) Price Update At the time of press, BTC is exchanging for $4,056. The next couple of hours should see the leader retest the $4,080 position which it failed to break during the weekend. Given the recent price stability and how well the coin has resisted going below $4,000, the coin has signaled a strong bullish intent and hence the next rally should be strong. The coin after getting over $4,080 and rallying above $4,100, the next key target will be above $4,200. Getting above $4,200 will be key and as we have reported will signal the end of the bearish winter that has lasted for over 18 months. Earlier, we reported that one of the most crucial positions that will be key to the long-term success of BTC was $5,000. According to some analysts, this will be a test of whether BTC can hit $10,000 and possibly hit its all-time high of $20,000 by the end of the year. The trend from the last couple of days would suggest that the bears have been pushed out of the market, with much of their attempts being rejected by the bulls. The coming days could see the bulls tighten their grip and establish a higher resistance (likely $4,500) and support position ($4,200). The post Market Update: Bitcoin Clearly Headed Up, All Signs Point To A Rally appeared first on ZyCrypto.

3 days ago

Biggest Online Retailer In Switzerland with a Revenue of Almost $1 Billion, Now Accepting Payments in BTC, ETH, XRP, TRX, BCH, LTC, BNB

The largest online retailer in Switzerland Digitec announced it is going to start accepting digital assets for payment on its platform. The company stated that they will be receiving payment for all their 2.7 million products in cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, XRP, Binance Coin (BNB), Litecoin, Tron, OmiseGo, NEO and Bitcoin SV. These cryptos would be used as payment for its numerous products which ranges from beverages to gaming accessories at a minimum amount of 200 CHF. As one of the first online shops in Switzerland, Digitec Galaxus now accepts cryptocurrencies: customers of the two online shops digitec and Galaxus can now use Bitcoin Cash ABC, Bitcoin Cash SV, Ethereum, Ripple, Binance Coin, Litecoin, TRON, NEO or OmiseGO to pay for all purchases with a total of over CHF 200.- or more. According to the report, this initiative was developed in conjunction with a Swiss payment processor, Datatrans and a Danish payment processing startup Coinify. The system allows customers 15 minutes of processing as payment is made and converted to fiat at a fee of 1.5 percent to avoid a violation. The process of making payment with cryptocurrency on the eCommerce store is as simple as a customer choosing cryptocurrency as a payment option while checking out. The customer will be redirected to the Coinify website to select preferred payment crypto, he will receive a conversion rate with payment details in a text or RD code for 15 minutes. After completion of the transaction with the information received, Coinify will confirm payment within few minutes before Digital Galaxus processes customer’s order. According to a report, Digitec Galxus choose to adopt cryptocurrency in an effort to reach a greater customer base which is the younger generation. And also update their business level and improve public assessment. Oliver Herren, CIO, and co-founder of Digitec Galaxus Said, Cryptocurrencies are fascinating and likely to become a relevant means of payment in e-commerce - we want to support this development, The post Biggest Online Retailer In Switzerland with a Revenue of Almost $1 Billion, Now Accepting Payments in BTC, ETH, XRP, TRX, BCH, LTC, BNB appeared first on ZyCrypto.

3 days ago

Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin, ETH, Ripple, BCH, Litecoin, BNB and Even OMG

Whatever crypto you have, we’ll take, seems to be the message of Switzerland’s biggest online retailer with yearly revenue of circa $1 billion, Digitec Galaxus. They receive Swiss Francs at... The post Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin, ETH, Ripple, BCH, Litecoin, BNB and Even OMG appeared first on Trustnodes.

3 days ago

Switzerland’s Biggest E-Commerce Retailer Accepting Bitcoin Payment for 2.7 Million Products

As crypto awareness widens across the globe, major market players began accepting it as a means of payment. Switzerland’s largest online retailer, Digitec Galaxus has announced to accept the Bitcoin and other cryptocurrencies for about 2.7 million products. Crypto Payment on Rising Digitec Galaxus AG is reportedly a big believer in emerging technology - thereby kick-started with accepting other cryptocurrencies beside Bitcoin. Per the announcement, the platform is enabling its customers to use Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Binance Coin (BNB), NEO (NEO), TRON (TRX), OmiseGo (OMG) when buying any product from its store. The announcement is a result of the new payment system recently developed by its software team called Team Specter. Consequently, all transactions will be made via Coinify, a Danish crypto payment processor - in conjunction with Datatrans AG, a Swiss e-payment specialist. It is, however, a pilot project by the team. “Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development,” says Oliver Herren, Digitec co-founder, and Chief Innovation Officer. “We wanted to do that for a long time, but the effort was too long for a long time.” Switzerland’s quick consent to crypto and tech emerging trends made it as the ‘new crypto hub’. According to the reports, the system of the payment will remain open only for 15 minute time which completes all the payment with 1.5 percent fee - resulting in the stable exchange rate within this 15 minute time window. Means that the checkout page of crypto payment will be redirected to Coinify website which helps you pay via cryptocurrency for the products purchased from Digitec Galaxus. With the budding interest in online shopping among web users, E-commerce or online shopping stores are increasing at a rapid pace. Acceptance of cryptocurrency payment among these platforms will eventually increase the awareness of decentralized payment across the globe and subsequently enable users to access a new way of payment beyond bank transfer. Addressing the reason behind company’s quick acceptance of crypto, Oliver Herren explains that; Because you have some and you want to use them. Or because you cannot turn them into real money because your bank does not accept it. Or maybe just because you can and like to try new things. As noted, the initiative is a pilot project and will be available only to the residents of Switzerland or the Swiss customers at the initial stage. Upon the successful implementation, Digitec Galaxus is aiming to extend crypto adoption across Germany as well. The post Switzerland’s Biggest E-Commerce Retailer Accepting Bitcoin Payment for 2.7 Million Products appeared first on Coingape.

3 days ago

TRON - Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs

TRON (TRX) keeps on rolling with the newest adoption across various trading platforms. Announced on March 19, ADAX, Dubai based digital asset exchange-listed TRX against three trading pairs - namely, USDT, BTC, and ETH. Powered by Arabtizor Holding Inc., as an online portal, ADAX or Arab Digital Asset Exchange is an online crypto exchange in the Arab world. The exchange supports minimum cryptocurrencies on its platform - Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEO (NEO), XRP, Qtum (QTUM) and Ethereum Classic (ETC). Per the recent announcement, ADAX users can now access to 10th largest cryptocurrency, TRX with pairs of USDT, BTC, and ETH. We are delighted to announce $TRX @Tronfoundation @TRON_AR as one of the leading digital assets listed over ADAX Bitcoin Exchange against 3 pairs: TRX/USDT, TRX/BTC and TRX/ETH pic.twitter.com/Sz4g73s1n9 — ADAX (@ADAXarabia) March 19, 2019 Justin Sun’s TRX is on the booming era of adoption - as such, Coingape recently reported ABCC exchange was the latest to add TRX on its platform. Following ABCC partnership with Tron foundation, TRX is now available of ABCC exchange as a base trading currency. Thank you @CoinGapeMedia for covering the latest developments in the ABCC and @Tronfoundation partnership! #TRX has been added as a base trading currency, with more TRON projects expected to come onboard ABCC! Read the article for morehttps://t.co/YfR4BnMyZb — ABCC Exchange (@ABCC_Exchange) March 19, 2019 With the continuous listing announcement by platforms like ABCC, ADAX and NovaDAX South American exchange, TRX at the moment sits at the 10th spot, gaining 0.26 percent over the past 24 hours. As such the value of one TRX crypto counts $0.02 and the average market cap valued $1,534,562,066. Image source - coinmarketcap.com So readers, what do you think of TRX being listed on ADAX exchange? share your thoughts with us. The post TRON - Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs appeared first on Coingape.

3 days ago

Monero [XMR] Records 5% Higher With Tor Project Preferred Donation in XMR

Monero is on a quick race to record new volume - at the moment, Monero or XMR token surged 5% higher within 24 hours. The increasing volume can directly connect to its latest adoption by a non-profit organization called Tor Project. Monero (XMR) Available for Donation As per the reports, XMR cryptocurrency is added to the Tor project to accept the donation in the form of XMR token. Being a non-profit organization, the Tor project develops technologies for open-source privacy and anonymity. Per the reports, the project is already supporting other cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), ZCash (ZEC), Augur (REP), Dash (DASH), Stellar Lumens (XLM), Litecoin (LTC). Upon XMR listing, the Tor project now supports nine cryptocurrencies in total. You can now donate various cryptocurrencies to support @torproject! #bitcoin #litecoin #DASH #Ethereum #augur #Zcash #xmr #StellarLumens https://t.co/AQn7choEIt — Sarah Stevenson (@elkakai) March 18, 2019 Since XMR is famously known as privacy coin, its demand across the industry that requires discretion is booming. As such a redditor stated that; “If you are going to donate to privacy oriented projects then you should do it with Monero unless you want to end up on yet another list.” Reports further shared Tor Project’s insights of leaving Bitpay, a crypto payment platform and launching their own private wallets. Parting from Bitpay for its donation process, the firm is reportedly reviewing lightning network as well. Now that we have the direct wallets, we’ll phase out Bitpay if people aren’t using it. — Sarah Stevenson (@elkakai) March 18, 2019 XMR Records 5% Gain Following the move, XMR has quickly jumped to $56 value against the US dollar and sits comfortably on the 13th spot. Consequently, it holds a gain of 5.03% within a couple of hours and enjoys the average market cap of $949,582,938. Founded in the year 2014, Monero is often considered as a privacy-centric project. In similar regards, Weiss rating’s recent poll revealed Monero is the preferred privacy coin in comparison to Zcash and Dash. On March 18, Weiss ratings’ poll result revealed Monero grabbed first preference as privacy coin with 54% votes, Zcash with 27% and Dash with 19%. #Monero is making encouraging price moves, which #privacycoin do you favor?Pick one, or add yours in the comment section below!#Zcash #Dash #ZEC #XMR — Weiss Ratings (@WeissRatings) March 18, 2019 So-called, PrivacyCoin is hugely used among confidential transactions - subsequently, Monero’s increased awareness can be spotted in the Porn industry as a means of payment. This is due to the fact that privacy Coin’s transactions cannot be traced and as a result of increased demand, many porn websites have started accepting XMR as a payment to many subscribers on their sites. What do you think about XMR’s increasing adoption? share your thoughts with us. The post Monero [XMR] Records 5% Higher With Tor Project Preferred Donation in XMR appeared first on Coingape.

3 days ago

Coindirect announces the launch of a Euro Wallet, offering simple Euro-to-crypto payments

Coindirect, one of Africa’s leading cryptocurrency exchanges, has announced that customers can now buy and sell cryptocurrencies on its platform using Euros. The exchange now allows customers using Euro to deposit their cash into their Coindirect Euro Wallet. Using the Euro Wallet, users can withdraw funds into their Single Euro Payments Area (SEPA) bank account and can buy and sell their cryptocurrency for Euro. Coindirect stated that users of the platform from “Austria, Belgium, Cyprus, Germany, Estonia, Spain, Finland, France, Greece, Ireland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Portugal, Slovenia, Slovakia and Denmark will automatically get a Euro Wallet.” The new feature boasts easy, smooth transactions between 43 leading cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin and the Euro currency. When logging into their Coindirect account, European customers will see that a Euro Wallet will automatically generate, meaning that users from the SEPA regions do not need to worry about doing anything to acquire their Euro Wallet. Before the launch of this feature, European users could only buy via peer-to-peer marketplace which saw inflated prices. Now, with the Euro Wallet, the process of cryptocurrency-to-Euro transactions is smoother and more reasonably priced. The post Coindirect announces the launch of a Euro Wallet, offering simple Euro-to-crypto payments appeared first on Coin Insider.

3 days ago

Litecoin is looking great despite a quiet week in the markets

Over the last week, there hasn’t been a lot of interest going on. We’ve been trading in the “dumb zone” and there hasn’t been a lot of speculation for Bitcoin price, but there’s always something to look out for in the market. Litecoin, however, has been trading beautifully in an ascending channel. We want to see Bitcoin break out of the $4000 and then $4140 zone; then it will be breaking through the resistance. Over the next couple of months, we want to see Bitcoin test $4400. For now, however, we really want to see the support stay at $3920, which is the resistance that Bitcoin just broke through. If it could hold this as support for now and we trade sideways, then this is huge and we’re be looking at the next short explosive spike. For a short-term bullish price recovery, we want to see Bitcoin do this: Break through the resistance, trade sideways for a bit, then break through the next zone. If this happens, it will be a lot more difficult for the bears to break Bitcoin down. Right now, it’s just a matter of being patient and slowly climbing the Fibonacci ladder. Combine this with fundamental trading, and big money coming in later this year, we’ve got some exciting things ahead. Until Ethereum breaks from the $140 and holds that as support, then there’s nothing to trade. There’s currently not a lot going on from the trading front, but it’s sitting in the dumb zone now. If there’s a further breakdown in Ethereum, I want to see it hold at $125 as support. Anything less is really dangerous. One thing worth noting with altcoins is that their movements are a lot more dramatic, so we need to see more confirmation before making trades compared to Bitcoin. Litecoin at the moment is bullish, as you can see, it is trading in this ascending channel and has not been rejected since the 10th of February. We want to see between $44 and $50 hold as Litecoin support. Click here to get a more in-depth analysis for Bitcoin, Ethereum, Litecoin and XRP price. As always, my advice is trade safely and try and keep your emotions out of it. Trading emotionally is treading dangerously. The post Litecoin is looking great despite a quiet week in the markets appeared first on Coin Insider.

3 days ago

Will the markets turn bullish as Bitcoin breaks $4000 again?

Over the past 24 hours, the cryptocurrency market has seen a shift to the green side of life as Bitcoin has broken through the $4000 mark once more. Taking data from Coin360.com, it’s clear that the market is facing an overall positive end to the week with Bitcoin and the leading altcoins showing increases in market cap and prices. Bitcoin has been hovering around figures of $3800 and $3900 but hasn’t topped $4000 since last month until now. The positive increase has affected Ethereum which, at the time of writing, is boasting 6.2% increases in pricing. Ripple’s XRP has also gained on the positive trend with a 2.25% increase and the market cap has overtaken the price increase. Litecoin, which one held a lower ranking than Bitcoin Cash, has overtaken to take the fourth positioned cryptocurrency in terms of market cap. At the time of writing, LTC has seen an 8.14% increase and is showing no signs of slowing down its increasing price. This time 24 hours ago, eToro’s Mati Greenspan pointed out that altseason is “zooming” with the markets prices shooting up. #ALTSEASON continues!$XLM & $TRX are pulling back slightly but the rest of the market is zooming today! 🚀🚀🚀 pic.twitter.com/K9OuQTNb2Q — Mati Greenspan (@MatiGreenspan) March 15, 2019 If the weekend can maintain the positive trajectory in price, this time next week, we could be looking at a very different market. The post Will the markets turn bullish as Bitcoin breaks $4000 again? appeared first on Coin Insider.

3 days ago

The cryptocurrency exchange winners of the ADVFN International Financial Awards 2019

ADVFN International Financial Awards 2019 ADVFN, a financial services provider focused on offering online data and services to private investors, has announced the winners of the International Financial Awards for this year. The awards given are to showcase the outstanding performers within the cryptocurrency industry and stand to give a stage to the upcoming field of innovative financial technology. Clem Chambers, CEO of ADVFN, commented on the awards saying: “[T]he 2019 awards truly reflect the dynamism, diverse offerings and scope within the financial industry right now. It gives us great pleasure to honour the eminent and emerging players that have stood out in the global financial sector over the last 12 months”. The winners of the ADVFN International Financial Awards 2019 have just been announced. The #awards recognise and celebrate the best of breed products and services from across the financial industry. Check out the 58 winners here: https://t.co/yCLQCx2bZ8 ... #ADVFNAwards — ADVFN (@advfn) March 20, 2019 The cryptocurrency winners of International Financial Awards 2019 are: The Best Cryptocurrency Exchange Global Binance With headquarters in Hong Kong and headed up by prolific cryptocurrency figure Changpeng “CZ” Zhao, Binance stands as the leading cryptocurrency platforms, offering over 100 crypto tokens for trading. According to CoinMarketCap, Binance is the second largest exchange in terms of trading volume. The Best Cryptocurrency Exchange in Africa Coindirect Coindirect - which has offices in the UK and Cape Town, South Africa - has been stirring the African cryptocurrency scene since launching in October 2017. Coindirect has made its mark as one of the leadest exchanges by its offer of the widest variety of tokens in the South African crypto market. The Best Cryptocurrency Exchange in Asia Liquid Founded in 2014, Liquid is aiming to bridge the gap between centralised currency and the world of digital tender. The company boasts a team of over 300 employees and snags a position in the top 100 exchanges in terms of market cap. The Best Cryptocurrency Exchange in Europe Bittrex International Co-founded and led by former Amazon security engineer manager Bill Shihara, Bittrex is the 53rd ranked cryptocurrency exchange in terms of market cap. Bittrex offers an innovative method of listing assets while offering trading, storage and a focus on security. The Best Cryptocurrency Exchange in North America Coinbase Coinbase has been proving trading and storage services since the early days of cryptocurrency in 2012. The exchange is based in San Francisco and offers its platform to over 40 countries. The exchange has backing from prestigious companies such as Andreessen Horowitz and ICE NYSE and focuses on making Bitcoin, Ethereum, and Litecoin easy to transact. The Best Cryptocurrency Exchange in South America SouthXChange Based in Argentina, SouthXchange aims to offer a simple service in an industry which is connotated with complexity. The South American exchange has built and operated by PRO-Systems. The post The cryptocurrency exchange winners of the ADVFN International Financial Awards 2019 appeared first on Coin Insider.

3 days ago

Litecoin [LTC] & Dash Technical Analysis - Is Litecoin Set for a Reversal With a Triple Bearish Divergence?

Litecoin USD Weekly Chart - Source: Tradingview.com The odds of a significant reversal in Litecoin are increasing as a rarely seen triple bearish divergence forms between price and RSI. A bearish divergence is a bearish trend reversal pattern that forms when price forms higher highs while the RSI forms lower highs. This pattern shows price continuing to increase despite falling buying pressure. The triple divergence formed after the price created a series of higher highs while the RSI formed a series of lower highs. Litecoin versus bitcoin weekly Chart - Source: Tradingview.com Litecoin has been leading the strong performance seen recently in cryptocurrencies versus the USD. Litecoin has been outperforming most major altcoins and has been outperforming the market leader Bitcoin. Adding further strength to the argument that Litecoin could be due a reversal is the level that Litecoin is approaching on the Litecoin versus Bitcoin chart. Litecoin is approaching 0.0156 Bitcoin which was an area of significant support during price drops taking place in the first half of 2018. Litecon versus bitcoin 4-hour Chart - Source: Tradingview.com Price has already tested this point as resistance and has failed to retest. It seems unlikely that price will break above this level with less buying pressure being recorded on the 4-hour chart by both the MACD and the RSI. Litecoin USD 4-hour Chart - Source: Tradingview.com The price of Litecoin in USD has fallen back to the level where it broke down in October at $57.49. Price had met resistance at this level last week but managed to overcome it after numerous tests given the high amounts of buying pressure. However, with lower amounts of buying pressure, the price is likely to test this level as support. Dash USD Daily Chart - Source: Tradingview.com Dash had a strong start to last week but failed to overcome a former level at $95 which has acted as both support and resistance. Price tested the level during yesterdays price action but has since started to retrace. Dash 4-Hour Chart - Source: Tradingview.com Below price lies a level at $88 which has also acted as both support and resistance in prior price action. A bearish divergence formed between price and RSI on the 4-hour chart before the price began falling from yesterdays high. Key takeaways: Litecoin likely to reverse after forming a triple bearish divergence on the USD chart and reaching a key level on the Litecoin versus Bitcoin chart. Dash recorded a strong performance at the start of last week and now trades between support at $88 and resistance at $95. A bearish divergence from on the Dash 4-hour chart preceded its price drop from yesterdays high. Latest Litecoin & Dash News: Litecoin [LTC] & Dash Price Action: Double Divergence Setting Litecoin up for a Drop? Litecoin Price Prediction: Did LTC Make a Top? 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. Litecoin [LTC] & Dash Technical Analysis - Is Litecoin Set for a Reversal With a Triple Bearish Divergence? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

3 days ago

Bitcoin Accepted as Payment Option by Major US Electronics Company

Avnet has become the latest major enterprise to begin accepting payment in bitcoin and other cryptocurrency. On March 19, 2019, the company announced that it will allow customers to pay for goods and services using bitcoin and bitcoin cash. Crypto payment processor BitPay will facilitate the transactions.Founded in 1921, Avnet is one of the oldest major American electronics companies. With more than 15,000 employees and net income north of $250 million, it’s also one of the country’s larger technology firms. Today, its business centers around helping to design and manufacturer electronics for other companies.On Tuesday, Avnet announced that the companies it works with can now pay for their goods and services using bitcoin and bitcoin cash.The new payment options are available immediately, Sunny Trinh, the company’s vice president of demand creation, told Bitcoin Magazine in an email. He added that the company has already “closed several multi-million-dollar transactions” using cryptocurrency.“Our customers have been asking to pay in cryptocurrency, and we listened,” Trinh said. “Bitcoin gives our customers added flexibility, and we are excited to offer our customers the option to pay with bitcoin or bitcoin cash.”Avnet’s decision to begin accepting bitcoin and bitcoin cash reflects an effort to make it easier for businesses to purchase goods and services from the company by giving clients one less challenge to worry about during the difficult work of bringing new products to market.“We recognized that cryptocurrency would help our customers overcome the competition and challenges they face every day in taking their ideas from design to production,” Trinh said. “And we listened to our customers who said they would like the option to pay for our products and services with cryptocurrency.”“Cryptocurrency is one more way we help our customers bring their products to market faster,” he added.Sonny Singh, chief commercial officer at BitPay, expressed a similar sentiment. He wrote in a statement, “I predict Avnet will attract many new blockchain-focused customers from around the world that want to take advantage of paying with bitcoin.”The idea that accepting bitcoin is important for generating new business is notable, especially coming from a century-old, blue-chip enterprise. So far, most of the companies that have taken the step of accepting payment in bitcoin have been younger and smaller.This trend has found its way to Switzerland, as well. Digitec and Galaxus, an online retailer akin to Amazon, has also started accepting cryptocurrency as payments. Coinify will act as a payment processor for the website, accepting bitcoin, bitcoin cash, ether, litecoin and other notable altcoins and immediately converting these funds into Swiss francs for the retailer. This article originally appeared on Bitcoin Magazine.

3 days ago

Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies

The largest Swiss online retailer, Digitec Galaxus, has started accepting crypto payments at its two stores. Customers can choose from 10 cryptocurrencies to pay with including BTC, BCH, BNB, ETH, TRX, OMG, and XRP. One of the stores specializes in consumer electronics while the other focuses on everyday needs. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Digitec Galaxus Accepts Crypto Payments Digitec Galaxus AG announced Tuesday that customers can now pay for their purchases with cryptocurrencies at its two online shops: Digitec and Galaxus. Ten cryptocurrencies are supported — BTC, BCH, BSV, BNB, ETH, LTC, NEO, OMG, TRX, and XRP. Checkout page on galaxus.ch. Claudio Schaad, leader of Team Spectre, one of the teams that make up the engineering department at Digitec Galaxus AG, discussed the new payment option in a blog post on his company’s website. “We’ve been looking into cryptocurrencies for a while now,” he revealed. The post explains that “instead of creating an own wallet or even cryptocurrency, digicon or the such, Spectre chose [to] work with a company called Coinify,” adding: In simpler terms: while shopping, if your purchase price exceeds 200 francs, you have the option to pay with cryptocurrencies. What arrives on digitec’s end are Swiss francs. Digitec specializes in IT, consumer electronics and telecommunications goods while Galaxus claims to be the largest online department store in Switzerland with a growing range of products for everyday needs. The two stores form Digitec Galaxus AG, its website describes. According to Oliver Herren, co-founder and CIO of Digitec Galaxus, the company currently has around 2.7 million items for sale, from shoehorns to wheat beer to gaming PCs. He was quoted as saying: Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce — we want to support this development. Paying With Cryptocurrencies A blog post on Galaxus’ website details that “The new payment option was created as part of a pilot project together with the Swiss e-payment specialist Datatrans AG,” which works with Danish crypto payment provider Coinify. Customers shopping on digitec or Galaxus can choose to pay with cryptocurrency at checkout. They will be redirected to a page on Coinify which displays the amount due in BTC with a QR code. Customers can choose among the 10 supported cryptocurrencies and complete the checkout process. Prices are locked in for 15 minutes. When choosing a cryptocurrency other than BTC, customers are asked to provide an address so that funds can be returned should an error occur. Furthermore, the company warns of a processing delay when paying with other coins. The blog post further notes that “Normally, the payment confirmation by Coinify takes place within a few minutes,” adding: Digitec Galaxus does not charge any fees for cryptocurrency payments. Coinify charges a conversion fee of 1.5% of the purchase amount. Other, but small, transaction fees will be charged depending on the currency, as well as how fast the transaction is to be confirmed. What do you think of Digitec Galaxus accepting 10 cryptocurrencies? Let us know in the comments section below. Images courtesy of Shutterstock, Coinify, and Digitec Galaxus AG. Need to calculate your bitcoin holdings? Check our tools section. The post Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies appeared first on Bitcoin News.

3 days ago

Litecoin (LTC) Unlikely To Break Past $65 As Price Runs Into Trend Line Resistance

Litecoin (LTC) has been on a roll for the past few weeks and it has now broken past the 61.8% Fibonacci retracement level and is eyeing the 1.272% Fib level to finish this rally. We saw LTC/USD run into the top of the ascending channel soon after it broke past the 61.8% Fib level but it did not decline sharply. Instead, the price started to rise again after a minor pullback and ran into the trend line resistance once again. The price is expected to do the same once more after a small retracement short term. This next rally would most likely result in a test of the 1.272% Fib level at the top of the ascending channel. That is expected to be the final move to the upside before the next major decline sets in. The halvening FOMO had a big impact on the price of Litecoin (LTC) and we saw the price rise aggressively when the mainstream media started talking about Litecoin (LTC)’s next halvening in August, 2019. We are still a long way from August but considering that Litecoin (LTC) is not a big enough cryptocurrency to be a bought on OTC markets, most of the buying and selling is done on exchanges and when some traders started to see the whales accumulating large amounts of Litecoin (LTC) they followed. This led to the herd following both the whales and the professional traders and the price of Litecoin (LTC) shot up until it topped out on most time frames. Please note that whenever the whales want something so bad, they want to create a negative experience. Chart for LTC/BTC (1W) The way this works is that you prop up the price of an asset prior to an expected development and then you crush its price well before that development (halvening). They have been doing it with stocks, commodities and a plethora of other financial assets for years. Let’s say a company had good earnings and Wall Street wants the stock really bad. So, they crush the price so the retail investor would feel bad about the price going down on positive news. We saw the same happen with Ripple (XRP) when the price kept declining sharply during its Swell Conference in 2017. A lot of people took this as a sign of weakness but the professionals knew what was going on so they bought the dips. In the weeks after, Ripple (XRP) rose to a new all-time high. Litecoin (LTC) is having a good run now but when the market starts to decline, a lot of people are going to give up and Litecoin (LTC) is most likely going to get crushed one of the hardest because it has already rallied so aggressively. This will once again result in a lot of people giving up on Litecoin (LTC) but the smart money as always will know when to buy for long term. Litecoin (LTC) is down more than 83% from its all-time high and we expect it to go down further. However, let us not forget that the price cannot just decline 100%. No matter where the bottom is, there is no doubt that it is very close. So, if anything this is the time to be accumulating, not selling.

3 days ago

Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers

Many critics of Bitcoin often argue that its four occasionally five-figure price point is entirely unjustified based on the lack of BTC use in retail. However, over the years, plenty of companies have attempted to nurture the gradual adoption of cryptocurrency by offering to accept payment for goods and services in different digital assets. Two of the latest names on this ever-growing list are the multi-award-winning Swiss online retailer Digitec Galaxus AG and Phoenix-based electronic components supplier, Avnet. Those unimpressed by a possible lack of instant recognition of either company can take comfort in the fact that the pair’s combined annual revenue last year was over $18.39 billion. Greater Bitcoin Acceptance Means Greater Bitcoin Utility The latest two major companies to declare support for Bitcoin and other cryptocurrencies for products or services announced the addition of the revolutionary payment methods earlier today. Avnet proudly displayed a link to a short article detailing their decision to go crypto on the home page of its website. To facilitate the service, the US electronics supplier will be working with cryptocurrency payment service provider BitPay. For now, the cryptos accepted will be just Bitcoin (BTC) and Bitcoin Cash (BCH). Also today, Swiss retail giant Digitec Galaxus AG, owner of both the Digitec and Galaxus online marketplaces, announced that it too would be accepting cryptocurrency payments. Instead of using BitPay as a payment processor, the firm will be working with Coinify. Users of either the Digitec or Galaxus marketplaces can now shop using a fairly comprehensive list of cryptocurrencies, consisting of Bitcoin, both brands of Bitcoin Cash, Ether (ETH), XRP, Binance Coin (BNB), Litecoin (LTC), Tron (TRX), OmiseGo, and NEO (NEO). The expansion of payment methods across the two platforms was announced via Digitec’s Twitter account and accompanying media post: Mehr Informationen zu diesem Thema findest du in unserer Medienmitteilung: https://t.co/A2RhWEFCMn — digitec (@digitec_de) March 19, 2019 According to a report in FXStreet, Oliver Herren, the CIO and co-founder of Digitec, had the following to say about today’s Bitcoin acceptance announcement: “Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development.” Cryptocurrency Acceptance Continues to Grow Around the World As previously reported, cryptocurrency acceptance is surging around the world. Since 2013, the number of businesses accepting Bitcoin or other cryptos has grown by 702%. However, in the parts of the world for which Bitcoin and other cryptos hold the most promise, acceptance amongst retailers continues to remain low. By far the lion’s share of instances of companies accepting cryptocurrency are from the so-called “developed world”. However, those with access to a plethora of established and relatively trustworthy banking services are much less in need of the permissionless, non-governmental value-transfer-networks offered by Bitcoin and other cryptos than those living in places where banking resources are rare. Although large online retailers accepting digital currency is certainly positive for the space, previous examples, like that of OverStock.com, highlight that it takes more than big retailers accepting crypto to get folks to actually use it. Related Reading: Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage Featured Image from Shutterstock. The post Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers appeared first on NewsBTC.

3 days ago

Stellar (XLM) Remains Strong, Eyes Further Gains Before The Next Decline

Stellar (XLM) is holding strong above the 61.8% Fib retracement level. This level used that used to be a resistance has now turned into a strong support. The 4H chart for XLM/USD shows that the price has enough room to rally from here in the days ahead. Stellar (XLM) has seen the momentum shift in its favor after the recent Coinbase listing. It was well deserved for a cryptocurrency like Stellar (XLM) which is in many ways a superior technology to Ripple (XRP), the third largest coin by market cap. Stellar (XLM)’s alliance with IBM has enabled it to gain a lot of traction recently. The cryptocurrency is already making waves in the financial industry with its state of the art blockchain and low cost, speedy transactions. Stellar (XLM) has a higher probability of being more readily accepted by the crypto community compared to Ripple (XRP) as the former focuses on empowering the masses whereas the latter focuses on empowering the banks. The entire cryptocurrency movement is about cutting dependence on the financial system that has enslaved generations after generations. If we can reduce reliance on post with email, why can’t we do the same with money? Bitcoin (BTC) transactions may not be cheaper and faster but then again Bitcoin (BTC) was not created for that purpose. The purpose of Bitcoin (BTC) was to cut the double spending problem and to produce a form of money that is immune to inflation. When people realized that blockchain technology can be used for a lot more, they came up with cryptocurrencies like Ripple (XRP) and Stellar (XLM). Jed McCaleb, the CEO of Stellar (XLM) was the CTO of Ripple before he created Stellar. So, Stellar (XLM) and Ripple (XRP) are direct competitors as both are fighting for the same thing but in different ways. It is clear that Bitcoin Cash (BCH) and Litecoin (LTC) are better choices for online spending compared to Bitcoin (BTC). This is why most people pay with these cryptocurrencies instead of Bitcoin (BTC) to save on transaction fees and time. However, Ripple (XRP) and Stellar (XLM) are certainly a lot better than Bitcoin Cash (BCH) and Litecoin (LTC) in this regard. A lot of merchants that accept Bitcoin Cash (BCH) and Litecoin (LTC) might not have any problem accepting Stellar (XLM) even though they may have some problem with accepting Ripple (XRP) as it is seen as a bank coin or a centralized coin by a large number of people in this industry. The daily chart for XLM/BTC shows that Stellar (XLM) still has to break past the 38.2% Fib retracement level if it is to rally further. The probability of a golden cross remains low as XLM/BTC does not seem likely to break above the 200 day moving average. That being said, it might continue to trade sideways for a while as the rest of the market catches up to it before the next decline sets in.

3 days ago


News courtesy of berminal.com
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