Bitcoin, for the most part, has been rather bullish during the start of the new year, but there’s one cryptocurrency – Chain Link – that some sources say is doing much better.Chain Link Is Doing Quite WellBitcoin initially began the year over $7,000. It later fell back into the $6,000 range (albeit briefly) before a military drone strike in Iran by U.S. forces led bitcoin into what is considered the first bull rally the coin has experienced in roughly two months. It has been jumping by...
Read More »New York Is Looking to Release Its Own Blockchain Payment System
Here’s an interesting “reversal of attitude.” The state of New York – which up to this point, has been relatively anti-crypto – is suddenly announcing plans to launch its own cryptocurrency payment system in the coming years.Does New York Suddenly Love Crypto?This is strange given that New York has widely been criticized for stifling cryptocurrency and blockchain innovation within its borders. The state issued the dreaded BitLicense approximately five years ago.Many saw this document as a...
Read More »Bitcoin Cash Analysis: Downside Thrust In BCH Before Reversal?
Bitcoin cash price currently correcting gains from the $255 resistance area against the US Dollar.The price is approaching a couple of key supports near $227 and $225.There is a major contracting triangle forming with support near $232 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could dip towards the $225-$227 support area before it starts a fresh increase.Bitcoin cash price is slowly declining losing momentum below $240 against the US Dollar. BCH/USD could...
Read More »EOS Price Analysis: Trading Near Make-or-Break Levels
EOS price surged above the $2.700 and $2.850 resistance levels against the US Dollar.The price is currently correcting lower from the $2.976 swing high.There is a key contracting triangle forming with support near $2.720 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to bounce back as long as it is above the $2.600 support area.EOS price is correcting gains from the $3.000 hurdle against the US Dollar, just like bitcoin. However, the bulls are likely to...
Read More »Litecoin (LTC) Price Analysis: Dips Remain Well Supported
Litecoin price rallied above the $44.00 and $46.20 resistance levels against the US Dollar.LTC price is currently correcting lower and it traded below the $46.20 level.There was a break below a key bullish trend line with support near $45.40 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to find a strong buying interest near the $44.00 support area.Litecoin price is correcting gains from the $48.62 high against the US Dollar, similar to bitcoin. LTC...
Read More »Ethereum Experiences Several Positive Changes Over the Past Month
We’ve been making quite the stir about bitcoin lately, but the world’s second largest cryptocurrency by market cap – Ethereum (ETH) – has done rather well for itself, too.Ethereum Is Number Two… And GainingWhile ETH is nowhere near the price of bitcoin (and probably never will be), it’s easy to focus all of one’s attention of the globe’s primary digital asset while pushing all others to the side. At the time of writing, Ethereum is up to roughly $143 – a price spike of nearly four percent...
Read More »Cardano (ADA) Price Analysis: Rally To $0.05 Seems Imminent
ADA price is trading with a positive bias above the $0.0350 resistance against the US Dollar.The price is gaining traction and it is likely to accelerate above the $0.0385 resistance.There is a major bullish trend line forming with support near $0.0365 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but it is likely to accelerate above the $0.040 resistance area.Cardano price is trading nicely in an uptrend against the US Dollar, similar to bitcoin. ADA price...
Read More »Ripple Is Firing on All Cylinders; Spikes Nearly 11 Percent
Bitcoin may be experiencing a bullish reversal at the time of writing, but the currency that’s really putting all its peers to shame is Ripple (XRP).Ripple Is Moving Faster Than Other CoinsRipple is the third-largest cryptocurrency in the world. Recently valued at over $10 billion thanks to a new $200 million funding round, Ripple has set the stage for remittance payments, and claims it can move money faster than both bitcoin and payment platforms like SWIFT.At press time, the currency has...
Read More »Tron (TRX) Price Analysis: Bulls Eyeing Crucial Upside Break
Tron price is rising and trading above the $0.0140 resistance level against the US Dollar.TRX price is currently trading near a key resistance area at $0.0148.There is an ascending channel in place with resistance support near $0.0141 on the 4-hours chart (data feed via Bitfinex).The bulls are likely eyeing a clear break above the $0.0148 and $0.0150 resistance levels.TRON price is showing a lot of positive signs against the US Dollar, similar to bitcoin. TRX price must climb above $0.0150 to...
Read More »Ethereum Price Analysis: ETH Gaining Traction, Dips Supported
Ethereum price is gaining bullish momentum above the $140 resistance against the US Dollar.ETH price is likely to continue higher towards the $150, $152 and $155 levels.There was a break above a key contracting triangle with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but dips remain well supported in the near term.Ethereum price is trading in a bullish zone against the US Dollar. ETH/USD is likely to accelerate further if it breaks the...
Read More »