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As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins). Here is what was happening month-by-month, along with the main takeaways. January 2018Japanese crypto exchange Coincheck was hacked, overtaking the infamous 2014 Mt.Gox collapse — an industry-record-breaking $532 million worth of NEM tokens was stolen this time. Despite the amount of damage, Coincheck has managed to stead..
The entire cryptocurrency market has been on a downtrend for a long time now. In fact, the downtrend intensified during the BCH network upgrade. Bitcoin fell as low at $3500 and a lot of people were worried about the fate of the market. At that time, XRP was trading in green when other cryptocurrencies were trading in red. It was up by over 7% against the USD. Unfortunately, its bullish rally was short-lived. There has been a lot of inconsistency in the cryptocurrency market. The price and market capitalization of XRP is still down thanks to the price correction that was ignited a yesterday after the minor recovery attempt. XRP (XRP) Price Analysis On an hourly basis, the price of XRP is in range between $0.40 and $0.35. There is strong resistance at $0.37 and $0.40. The most crucial support is at $0.33. If the price of XRP falls below this level, it may pave a way for more dip in price toward $0.25. The Aroon Indicator is currently indicating a bearish exhaustion of both the down a..
Crypto markets have seen little volatility on the day, failing to hold a sharp rebound momentum, outlier Bitcoin Gold is up 10 percent. Saturday, Nov. 23: crypto markets have seen some volatility on the day, but failed to hold a sharp rebound attempt. The top 20 cryptocurrencies by market cap are seeing their prices stabilize after another sell-off yesterday, according to CoinMarketCap. As of press time, the major 20 crypto markets are seeing a mix of red and green, with most gains fluctuating around 1-2 percent. Market visualization from Coin360 Bitcoin Gold (BTG), ranked 20th by market cap, has seen the biggest growth on the day, spiking almost 10 percent over the past 24 hours. At press time, the altcoin is trading at around $20.70. In early September this year, Bitcoin Gold was delisted from major crypto exchange Bittrex, following a $18 million hack of the BTG network in May. The “double-spending” hacking vulnerability of Bitcoin Gold reportedly allowed hijackers to take control..
Despite the breakeven cost of Bitcoin mining at nearly $8,000, the demand for mining is increasing. Throughout 2018, the cryptocurrency market experienced the fourth worst correction in its nine-year history, as Bitcoin lost more than 69 percent of the value from its all-time high of $19,500. Despite the substantial decline in the price of Bitcoin (BTC), which heavily affects the earnings of miners, the hash power of the Bitcoin network has continuously increased throughout the past 10 months, from 15 million TH/s to over 50 million TH/s from January to October. As portrayed by the research of blockchain analyst Barclay James, the breakeven cost of mining Bitcoin at 35 million TH/s is around $6,900. The formula employed by James considers the hash power of the Bitcoin network, the hashing power of an ASIC Bitcoin miner, and the efficiency of each miner in producing BTC: # units = global hashing power ÷ unit hashing power ÷ unit efficiency Given the cost of Bitcoin mining, when its ha..
The recent price trend of Tether (USDT) has created great concerns among traders over the past few days. The digital currency has seen a notable decline in its value, one which its traders never expected. Tether claims each of its tokens is backed by one US dollar. The recent declines in the value of the coin have resulted in a very hot debate in the digital currency space. Many traders have been asking if Tether (USDT) is actually telling the truth when it says one USDT is backed by one USD. The answer to this question is rather obvious given that the value of the coin recently declined by about 10 percent. Tether (USDT) has been trading within the $1 range. However, since the coin broke out of its historical tight range, more investors are beginning to lose faith in the digital currency. On the 15th of October, the value of the digital currency tested the $0.90 level on Kraken – a trading platform based in San Francisco. This has left digital currency traders in worry considering t..
This last weekend has been a blast for cryptocurrencies with prices moving higher and higher as the bulls slowly take control of the market. Cardano wasn’t left out from this bullish wave. Just like other cryptocurrencies, Cardano (ADA) got a significant boost in price. The demand zones were at $0.0001, $0.0300, $0.0600, and supply zones were at $0.1600, $0.200, $0.1800. The price of ADA is bullish long-term but the when the bears regained momentum short-term, they pushed the price down toward the $0.07821 level. It later went lower into the $0.06220 which happened to be in the demand area. This was were the bears ran out of steam giving the bulls an opportunity to enter the market. This is according to the price analysis by Azeer M on BitcoinExchangeGuide. Cardano (ADA) Price Today – ADA / USD Name Price24H (%)$0.083616 -9.44% A bullish railroad was formed and the price went above the 10 EMA and trading as high as $0.08434. This marked a price break from the higher part of the desce..
EOS price has been ranging on a sideways trend for some days now. The trend is still on today. The demand areas of the range are at $6.5, $5.5, $6.0 while the supply areas of the range are at $4.0, $4.5, and $5.0. During yesterday’s trading session, the price of EOS got all the way to the $5.35 level before it found resistance. This morning, EOS was moving toward the $5.19 level on the downtrend. If the decline continues, the price will be back into the rang bound zone it traded in previously. SEE ALSO: Here’s Why the Predicted $10 Ripple (XRP) Value Is Still Achievable This Year - Thu Sept 20EOS Price Today – EOS / USD Name Price24H (%)$5.30 5.29% If EOS is able to hold above the $5.00 level, however, it will continue to move sideways in range above it. The signal line and the MACD line are above the zero line while the 12 and 26 day EMAs are below the price showing that the bulls are gaining momentum in the market. Even with these bullish signals, the price is still on a sideways t..
The price of EOS is trading in range against the USD and against Bitcoin. Medium-term, the support zones are at $3.5, $4.5, $4.0 and demand zones at $6.0, $5.5 and $5.0. The price entered into the bullish territory yesterday but the range bound zone acted as resistance around $5.0 and $4.0. After falling as low as $4.72, EOS was able to rise to $5.0. The price has managed to leave the range bound territory it was trading in previously and started approaching a $5.11 high. EOS Price Today – EOS / USD SEE ALSO: 55% of Bitcoin (BTC) Are Stored In Wallets Name Price24H (%)$5.03 2.14% From the price chart, EOS will most likely hover above $5.0 for the rest of today. The signal line and the MACD line are above line zero. This is a clear sell signal. Also, EOS price is below the 26 and the 12 day EMA to show that the price is bearish against the USD and against Bitcoin. The period 15 relative strength index is in level 49. This shows that there is a sideways trend in the market. EOS Short..
The creator of Cardano (ADA) and co-founder of Ethereum (ETH) – Charles Hoskinson recently talked about Ethereum Classic (ETC) at the Ethereum Classic summit that took place in South Korea. The creator of Cardano (ADA) is very bullish on Ethereum Classic (ETC), not just as a digital currency but as a blockchain project. Hoskinson stated that since Ethereum Classic (ETC) was launched, it has taken after the original culture of Bitcoin (BTC), adding that ETC could end up following Bitcoin (BTC)’s path in the future. Why Charles Hoskinson Believes Ethereum Classic Is Following the Path of Bitcoin (BTC) Hoskinson believes that ETC is similar to BTC simply because it’s a project that is maintained by a few numbers of people. Unlike other blockchain projects that depend on an entire community of engineers and developers, Ethereum Classic (ETC) is maintained by a close-knit team, in the way Bitcoin (BTC) was from inception. This, in return, allows for nimble growth and more efficient governa..
In just a couple of days, the once-only thought as a joke cryptocurrency Dogecoin (DOGE) became the main trend and talked about topic in the crypto-verse. The unmatched performance commenced end of August when more words were spread on the connection between Ethereum‘s network and Dogecoin‘s blockchain called Doge-Ethereum Bridge. That was the time when even Bitcoin and other altcoins were attempting to keep up against the bears. But, the pair DOGE/USD was outstanding with daily double digit gains. The above-mentioned bridge is yet being tested and improved and not launched. Since then the same positive and new waves of investors stepped in to grab some while fearing of missing out. It is by no surprise that still even to date it is performing well as when all coins were declining in the negative of above 10%, DOGE/USD was increasing for 11.50% (Sep 9th). Source: coinmarketcap It is much possible that the general violent sell-off going on in the market is not impacting the token’s..