Cardano ADA jumps 5% as crypto attention grows
Cardano’s recent run of good fortune continued on Friday, as the multi-asset chain protocol emerged as one of the market’s top performers. The public blockchain project has been riding a wave of positive momentum thanks to an active developer community and optimism concerning the evolution of Internet 3.0.
ADA Approaches Two-Week High
The value of ADA rose 5.3% on Sunday to reach $0.0473, its highest since Christmas Eve. The coin that powers the decentralized platform has returned 9.3% over the past seven days, placing it among the top performers for the week. by comparison, bitcoin traded flat for the week while XRP lost nearly 3%.
At current values, the Cardano blockchain is worth $1.2 billion, placing it 11th among active projects. Six months ago, the cryptocurrency was worth nearly $5 billion and was ranked eighth by market cap. Over that stretch, ADA has dropped more than 70%.
The latest run of good fortune has been accompanied by a notable rise in trading volume. Since last Tuesday, ADA trades have increased by 200%, according to CoinMarketCap. Nearly $44 million worth of ADA was transacted on virtual currency exchanges in the last 24 hours. ZBG and Binance each...
Bitcoin Оver $3,850 as top Cryptocurrencies see mixed trading signals
Sunday, Jan. 6 — most of the top 20 cryptocurrencies are seeing a mix of moderate gains and losses on the day to press time. Bitcoin’s (BTC) price is currently hovering over $3,850 again, according to Coin360 data.
At press time, Bitcoin is up just a fraction of a percent on the day, trading at around $3,870. Looking at its weekly chart, the current price has come full circle from $3,867 on Dec. 30. The current price is lower than the intra-week high of $3,946 on Jan. 2, and notably higher than the low of $3,710 reported on Jan. 1.
Ethereum (ETH) remains the second-largest cryptocurrency by market cap. The divide between ETH and Ripple (XRP) — the third-largest crypto by market cap — is increasing. Ethereum’s market cap is currently $15.9 billion, while Ripple’s market cap is $14.5 billion.
Ethereum has seen its value decrease by nearly 3 percent...
TRON Showing Bullish Trading Signs
TRON Symbol TRX | Decentralize The Web
The TRON Protocol, one of the largest blockchain based operating systems in the world, offers ... TRX consistently handles 2,000 transactions per second, 24x7.
TRON (TRX/USD) closed 2018 with strength relative to the last couple of months. It is currently trading around $0.0208. At this price level, the market is up more than 90% from its 2018 low of $0.0111 on November 25.
This huge surge in less than one month is more than enough reason for many traders to be bullish on TRON. However, one must also consider that when the market bottomed out, it lost close to 90% of its value from the 2018 peak of $0.10041. Thus, it would also make sense to say that the recent bounce is nothing more than a relief rally.
That is why it is important to examine the market closely to see whether TRON has more upside potential. We did that for you and what we saw was promising. In this article, we reveal how TRON is showing bullish signs.
Structure Resembles Market Leader
In any asset class, whether it be equities or cryptocurrencies, there are some instances when a market leader emerges and then everyone else follows its direction. For example, Apple Inc. was down big yesterday, January 3. Notice how many tech stocks followed suit.
As for cryptocurrencies, the clear market leader right now is Ethereum (ETH/USD). It is currently trading around $160 to put the market up by over 95% from its 2018 low of $83. More importantly, Ethereum has taken out firm resistance of $145. This triggered the breakout from the cup and handle pattern.
ETH/USD daily chart
TRON appears to be following the same pattern. It established...
Bitcoin Bounces But Bears Still in Control: $BTC Price Analysis
Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next?
Bitcoin Price: Market Overview
Bitcoin price $3645.85 +0.59% dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the show for BTC and the SEC’s final postponement of a Bitcoin exchange-traded fund decision didn’t seem to help.
Crypto-fanatics will now need to wait until January 24th for the launch of Bakkt and February 26th for a final approval or denial of a Bitcoin ETF from the SEC. If the cryptocurrency markets’ trend reversal is dependent upon either of these events then we’ve got a long way to drop waiting on the unpredictable outcomes of each of these events.
4-HR Chart
Bitcoin $3645.85 +0.59% broke below the $3,550 and $3,400 supports and the cryptocurrency will likely mean that $3,700 will post a stiff resistance to overcome. However, at press time, BTC price has managed to break above the $3,600 mark and now looks poised to test $3,700.
The bounce from $3,210 to $3,615 was...
Crypto Market Update : Bears are Back, year-end rally nearby?
After a positive week for the alternative coins, a correction came to remind us of the risks involved with market volatility. However, the sharp declines have already been halted for the moment, getting closer to the dangerous $6000 zone.
Ahead of the expected Fork of Bitcoin Cash hard fork, the price of the currency has risen by tens of percent and has attracted considerable interest from traders and investors who are eyeing the market.
In light of the upcoming decisions regarding Bitcoin ETFs and other financial instruments related to the crypto markets, a trend has recently been initiated by regulators turning to large-volume crypto exchanges that affect the Bitcoin price and other altcoins in order to try to understand the price discovery mechanism.
The end of the year is near, and November began with a positive altcoin trend. The recent price hikes brought a positive sign to the market. But if we put the prices of the coins aside and look at the development of the infrastructure, the number of companies, employees and the partnerships that are being formed, one might expect another bullish wave in the near future.
Bitcoin continues to be the dominant and leading currency in the market and begins to show signs of stability with support around $6,200.
Bitcoin dominance 52.2% | Market Cap: $211 billion | Trading volume: $10 billion
Crypto News & Headlines
SEC Charges EtherDelta’s Founder for Operating an Unregistered Exchange. The U.S SEC has heavily fined Zachary Coburn for operating an unregistered platform that allows people to buy and sell tokens that the agency had earlier...
NEO Cypto trade recommendation $NEO #NEO
On our August 29, 2018 trade recommendation, we anticipated NEO/Bitcoin (NEO/BTC) to breakout from the large falling wedge on the daily chart. We emphasized the importance of buying only after the pair generates volume of 1 million NEO units. Without heavy volume, the breakout would not look convincing to breakout traders and trend followers. Hence, there wouldn’t be enough momentum to ignite a massive rally.
Though NEO/BTC broke out from the falling wedge as expected on August 31, the volume it printed was way below our requirements. As a result, the breakout rally was short-lived since bottom fishers saw the low volume breakout as an opportunity to take profits. The selling drove the market down. Nevertheless, this gives us a chance to buy the bottom before NEO/BTC takes off.
Technical analysis shows that NEO/BTC is respecting the historical support of 0.00245. This view comes after the pair successfully completed the retest when it dropped to as low as 0.00239 on October 15 but bulls came to the rescue and lifted the market above the support. We watched NEO/BTC from that point to see if the support will hold. The confirmation came on October 18 when volume suddenly surged. This was a signal that participants are comfortable accumulating at this level.
More importantly, the daily RSI appears to have printed a new higher low at 32.6. This is an encouraging sign as it shows that participants are no longer waiting for extreme oversold readings before entering long positions.
The strategy is to buy as close to 0.00245 support as possible. As long as the market remains above this level, it has a very good chance to rally to our initial target of 0.0034 and then 0.0046.
The process may...
The Faircoin price of $0.22 can be worth millions
Faircoin, this asset is worth only $0.22. Something so small can’t even register on the global financial radar. Even in crypto exchanges, if we look at daily trading volume it’s nothing more than a slight glitch.
Ranked at 1134 on CoinMarketCap, this little asset presents a very reliable lifeline for its users. According to Sporos, a crypto enthusiast based in Athens, faircoin can be found everywhere in the world. He says he hasn’t relied on banking services for no less than 8 years thanks to this asset. If we look at the events from the last decade or so, Sporos’ definitely did well to stay away from banks.
Located in an anarchist stronghold in Athens, Sporos runs a faircoin information center. There are over a few hundred similar centers located all around the world. The centers are stocked with many homemade products like honey, soap, perfume, olive oil, tea and even jewelry. Of course all the products vary depending on the location on the center, but they all have one thing in common. They can all be purchased with faircoin.
If the provided information is accurate, we’re looking at over 620 centers all around the world. Sporos refers to them as the ecosystem of faircoin. This ecosystem includes a transportation sharing app combined with an AirBnB alternative and faircoin-based financial institution. The institution is called the Bank of Commons and is completely tax-free.
Faircoin redefines being human
In this global network, nodes aren’t exactly nodes. Usually, nodes are the computers, but...
Bitcoin Price Analysis: #BTC/USD Goes Haywire with USDT Decline
Bitcoin on Monday pursued a fake upside action across several exchanges, mainly BitFinex, after stablecoin Tether (USDT) started falling.
The BTC/USD responded to the upside action witnessed in the BTC/USDT market. USDT traders started exiting their positions amidst growing concerns about BitFinex’s insolvency and its impact on the coin’s liquidity. The more traders swapped USDT for other coins, the larger it dropped, eventually founding support near 85 cents. By that time, Bitcoin had established its upside just shy of $8,000 on BitFinex only – so as other top coins which recorded massive gains.
So far, Bitcoin has corrected towards $6,346. But indeed, the latest price action has messed up the technical outlook.
BTC/USD Technical Analysis
The Coinbase chart indicates that BTC/USD is struggling to find support near its 50H moving average for a potential reversal. If it drops below the pink curve, the pair will enter into a near-term bearish bias, which is further supported by the RSI indicator, which is on the verge of inflection, and the Stochastic oscillator which could continue its drop into...
EVENT: Join @BlLife_Forum for #BlockchainLife 2018 International Forum November 7-8
The biggest international forum on blockchain, cryptocurrency, and mining in Russia and Eastern Europe.
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The two-day forum/conference at the Europe’s leading venue Expoforum gathers more than 5,000 participants from more than 70 countries. Сrypto traders, the owners of ICO projects, leading private investors and crypto funds, entrepreneurs and blockchain experts, developers on the blockchain, the owners and representatives of global exchanges, and miners, – the event brings together industry professionals and those who are just starting their way in the crypto industry.
Attending blockchain community members and experts are attending across all industry segments.
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TransferGo is The Worlds First Remittance Service to Add Crypto Trading
UK-based service TransferGo has reportedly become the world’s first remittance operator to offer crypto trading, Bloomberg reported July 27.
TransferGo now lets customers buy and sell five major cryptocurrencies –– Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).
According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was launched “in response to demand from our user base”:
“With over 4,000 users signing up in the first few hours we can see there is a strong demand in...