Following the breakout of the $2 mark, Tezos’s price could reach $2.5 in a few days if buyers continue to show interest.Against Bitcoin, an inverse head-and-shoulder pattern could produce a massive rise for Tezos in the short-term.Tezos is the best-gainers over the last 24-hours among the top 20 cryptocurrencies by market cap.XTZ/USD: Massive Gains Ahead for Tezos as Buyers Target Wedge’s ResistanceKey Resistance Levels: $2.2, $2.5. Key Support Levels: $1.8, $1.47Over the past few days,...
Read More »Investment Insights from a Self-Made Billionaire
Can anyone be a billionaire? Maybe. I sat down with Dr. Morgan Shi – who is one of China’s most well-regarded experts in domestic and international investment as well as risk management – and asked about his philosophy, which investments brought him the most return, and what investment vehicles have the most upside. The following transcript has been edited for clarity.Are billionaires, or even millionaires, different in how they approach money and investment?Everyone has the opportunity to...
Read More »Bitcoin Price Is Around $9,300 while Bitcoin Halving Is Just 98 Days Away
It is most likely that Bitcoin will gain from a rapid drop in Asian stock markets due to the coronavirus menace. Crypto analysts believe that the flagship token will gain soon. Apart from that, the halving event is fast-approaching. Bitcoin is less than 99 days away from its halving event. Most of the market commentators are bullish on its impact.Bitcoin price smashed the $9,600 hurdle for the first time since November 2019. Nonetheless, the weekend session was also dominated by significant...
Read More »Businesses in China Turn to Remote Work as Coronavirus Outbreak Forces People Indoors
The coronavirus has had an unignorable effect not just in China but also in the rest of the world. Apart from stock markets that are taking a plunge, just the fear alone is creating major problems. Interestingly, one major effect of the coronavirus outbreak is that many more companies are slowly transitioning, or at least experimenting with remote work. Working from home now seems like the only option for these businesses.Remote Work Effect of the CoronavirusWhen the outbreak initially began...
Read More »Bitcoin Futures Open Interest Exceeds $4 Billion: Over 60% Rise In 2020 Led By BitMEX and OKEx
So far, 2020 has been a remarkably positive year for Bitcoin. Not only has the price of Bitcoin increased by 30%, but the Global Bitcoin Futures market open interest has noted a massive 60% growth as well.In the meantime, BitMEX and OKEx are still the most widely-used Bitcoin margin trading exchanges, with over 50% of the market share.Bitcoin Futures Market 2020 SurgeAccording to the monitoring resource Skew, the global Bitcoin Futures open interest is continuously increasing. In fact, solely...
Read More »The Biggest Problem of Cryptocurrencies Is Mistrust, Says FortuneJack CEO Boris Kiknadze
The crypto industry is actively developing this days which ensures high chances for cryptocurrencies to replace fiat money one day. However, there is still a lot to be done in this direction. In the recent interview, the CEO of FortuneJack Boris Kiknadze has explained the common tendencies in this industry and told a lot about crypto gambling in general and their project in particular.What is your professional background and how/when did you get into crypto?I consider myself to be a...
Read More »Bitcoin Price Positively Reacts to Asia Stocks Crash amid Coronavirus
Most of the cryptos grew on Monday amid terrible trading in Asia. After the extended Chinese New Year shutdown, mainland markets finally opened for trading. However, it was not going as it was expected.Bitcoin price was rising as well. However, at the time of writing, it was falling 0.43% to $9,347.Major stock markets in the Asia-Pacific region tumbled by the most since an equity bubble burst in 2015. They resumed trading Monday, in the first opportunity for many investors in China to react...
Read More »New Bitcoin Treasure Hunt Dubbed SatoshiQuest Is Introduced on Minecraft Platform
Minecraft players can now earn Bitcoin through its new treasure hunt server called the SatoshiQuest. This new Minecraft server puts players on a treasure hunt to search for hidden Bitcoin.Players will have to pay $1 for each new life, the proceeds of which will eventually go to the winner. The developer of the game said that the objective is simple. While signing up to the platform, the players will receive a wallet address wherein they can deposit $1 worth BTC. With this deposited amount,...
Read More »Ripple Price Analysis: After 10% Weekly Gains And New 2020 High, Can XRP Approach The $0.30 Mark?
TL;DRRipple (XRP) saw a tidy 4.5% price increase over the past 24 hours to reach above $0.25.Against Bitcoin, XRP surged 5% but met resistance at a descending trend line.If XRP can break above the 200-days EMA, the 2020 bull-run is likely to continue toward $0.30.Key Support & Resistance LevelsXRP/USDSupport: $0.245, $0.234, $0.227.Resistance: $0.26, $0.274, $0.289.XRP/BTC:Support: 2600 SAT, 2525 SAT, 2455 SAT.Resistance: 2800 SAT, 2900 SAT, 3000 SAT.XRP/USD: XRP Rising Above $0.245 To...
Read More »Stellar Lumen (XLM) Price Rally Could Gain Momentum Above $0.066
Stellar lumen price is rising steadily and it is trading nicely above $0.0620 against the US Dollar.XLM price is currently facing a short term resistance near $0.0660.There is a major ascending channel forming with support near $0.0625 on the 4-hours chart (data feed via Kraken).The pair could rally significantly once there is a clear break above the $0.0660 resistance area.Stellar lumen price is trading in an uptrend against the US Dollar, similar to bitcoin. XLM is likely to continue higher...
Read More »