Etheruem is attempting to rebound from support at $220 as the previous price decline stalls.The cryptocurrency is supported by the .5 Fib Retracement at $220.Against Bitcoin, Ethereum bounced higher after reaching the 0.025 BTC support.Key Support & Resistance LevelsETH/USD:Support: $220, $210, $205.Resistance: $225, $240, $250.ETH/BTC:Support: 0.0256 BTC, 0.025 BTC, 0.0242 BTC.Resistance: 0.027 BTC, 0.0278 BTC, 0.0288 BTC.ETH/USD: Bulls Continue Battle To Defend $220.Since our last...
Read More »Ripple’s David Schwartz Says Third-Party Cryptos Could Launch on XRP Ledger
According to Ripple CTO, the new exciting features are coming from the Ripple developers. They will allow third-party tokens to work on top of the system. Also, XRP Ledger will soon have the ability to eliminate accounts of possible network spammers.Ripple’s XRP price falls together with other markets. But David Schwartz doesn’t care as the Ripple Ledger, XRP and the longtime holders will soon receive a significant boost. A company presents a new type of transactions for externally created...
Read More »Vitalik Buterin Roasts Bitcoin Price Predictions: S2F is ‘Bullshit’
Ethereum creator Vitalik Buterin shared his thoughts regarding Bitcoin price mocements. He claims the Stock to Flow model doesn’t work for Bitcoin or any other crypto asset.Vitalik Buterin says that you shouldn’t make financial decisions solely after reading the news. The classic Stock to Flow (S2F) model is not working with Bitcoin. Major news announcements, as well as world disasters such as coronavirus, do not affect the crypto market. Buterin says that there are 95% of the articles on the...
Read More »Crypto Price Analysis & Overview February 28th: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Chainlink
Bitcoin dropped by a total of 11% over the past week as the cryptocurrency broke beneath previous support at $9,550 and plummetted beneath support at $9,000. It continued to decline until reaching the current support at the 200-days EMA, which is bolstered by the .5 Fib Retracement at around $8,600. The momentum is certainly on the bearish side, and we should continue to expect further declines this week within the market. Once the rising trend line is broken, support is found at the downside...
Read More »Ethereum Price Fell to $212 as Its Community Comes Out Against Controversial ProgPoW
The Ethereum community doesn’t want to accept the planned hard fork on ProgPoW. The Ethereum price fell to $212 but has already started to grow again.Ethereum, one of the top-rated crypto assets by market capitalization, fell to $212 during the early trading hours of the European session. However, using the ETH derivative with the U.S. dollar, it has broken the downtrend in the 1-hour time frame. The analysts believe that the drop of Ethereum may be related to the fact that the community...
Read More »PrimeXBT Exchange Nabs Three Forex Awards, Including Best Crypto Trading Platform
PrimeXBT is proud to announce that it received three prizes at Forex Awards as the Best Crypto Trading Platform, the Best Crypto and Forex Broker, and the Best Crypto Trading App.The 2019 edition of the Forex Rewards has revealed that Bitcoin-based margin trading platform PrimeXBT made a clean sweep of the awards in the cryptocurrency categories. In the category of Best Cryptocurrency Trading Platform; Best Cryptocurrency and Forex Broker, and Best Crypto Trading App, PrimeXBT walked away...
Read More »Litecoin (LTC) Price Analysis: Nosedives Below $60, $50 Next?
Litecoin price declined heavily and broke a few key supports near $68.00 against the US Dollar.LTC price struggled to stay above $65.00 and even declined below $60.00.There was a break below an important bullish trend line with support at $72.80 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is now in a bearish zone and it could even decline below the $58.00 support.Litecoin price is down more than 20% from highs against the US Dollar, similar to bitcoin. LTC...
Read More »Crypto Price Analysis February 26: BTC, ETH, LTC, XRP, BCH
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The bulls have failed to break the important resistance levels out. Most probably, we should expect a good correction on the crypto market to begin. For example, on...
Read More »Ethereum Price Analysis: ETH Plunges To $235 As Bears Take Control, How Low Will It Go?
Etheruem dropped by a total of 9% over the past 24 hours of trading as it falls to the $235 level.This retracement was expected after Ethereum double-topped at $285, causing it to roll over and start the decline.ETH also decreased against Bitcoin as it broke beneath support at the 0.026 BTC level; however, relative to other cryptocurrencies, it is holding strong.Key Support & Resistance LevelsETH/USD:Support: $235, $225, $220.Resistance: $250, $255, $270.ETH/BTC:Support: 0.0256 BTC, 0.025...
Read More »Coinbase Wallet Allows Customized Addresses to Facilitate Process of Sending Crypto
Coinbase Wallet, Ethereum Domain Service and mainwallet sync – one of the biggest companies in the industry just rolled out a significant update to its mobile app. Users are allowed to purchase ENS domains via in-app Dapp browser.When Coinbase established its own cryptocurrency wallet, its aim was to offer a possibility to send payments to the ETH-based domain names. But users of Ethereum wallets tend to send payments not only to the long, inconvenient to remember addresses. They also like...
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