Privacy coin attacked for "dumping on investors". Ethereum creator Vitalik Buterin - also an advisor for Zcash (ZEC) - says coin is exploring uncharted terrain. Market cap - but not coin price - up 40,000% since launch. Ethereum founder Vitalik Buterin leapt to the defence of privacy coin Zcash (ZEC) after a prominent crypto influencer branded it a “failure.” Zcash wields a market cap of over $250 million, and is the second highest capped privacy coin at time of writing, behind Monero...
Read More »HEX: Crypto ‘Designed for 10,000x Returns’ is Destined for Failure
New cryptocurrency “Designed for 10,000x Returns” draws crypto community ire. Critics say the coin’s creator will hold 45% of the entire coin supply after the first year. Not a Ponzi, not a pyramid – a new breed of scam coin. A new cryptocurrency is attempting to pick up where BitConnect and OneCoin left off – enter HEX (formerly BitcoinHEX). According to the HEX.win website, HEX has been “designed for 10,000x returns”. While you ponder why your own favorite cryptocurrency wasn’t designed...
Read More »Ethereum’s 96% Google Search Interest Plunge Has This Crucial Silver Lining
Ethereum’s search decline is slightly worse than Bitcoin’s. Roughly 96% of search interest originating from the United States has disappeared. A glance at ETH’s developer count reveals a silver lining for Ethereum. Nearly two years on from Ethereum’s all-time high, Google search interest for the No.1 altcoin has plunged 96%. Ethereum Popularity Nosedives Along with the ETH Price Search interest for the most well-known alternative to Bitcoin peaked during January 2018’s bull-run. The price...
Read More »Cardano (ADA) Price Analysis: Signs of Bearish Continuation
ADA price declined steadily after it failed to surpass the $0.0400 resistance against the US Dollar.The price is slowly approaching the key $0.0355 support area.Earlier, there was a break below a key contracting triangle with support near $0.0382 on the 4-hours chart (data feed via Kraken).The price is under pressure and it seems like it could even struggle to hold the $0.0355 support.Cardano price is showing a lot of bearish signs against the US Dollar and bitcoin. ADA price is likely to...
Read More »Aurus Will Issue a New Stable Coin Supported by Gold
Another gold-backed cryptocurrency is making its way onto the trading market. This time, the issuing company is Aurus, a digital currency startup that says it’s looking to “bridge the gap” between gold and crypto owners.Aurus: The Latest Gold Stablecoin MasterGold is widely considered a stable asset. Much like USD or other forms of fiat, gold is not known to go down in price or value during times of financial or economic strife. Thus, this new token – being that it’s backed by gold – would be...
Read More »Tron (TRX) Price Analysis: Bears In Control, More Losses Likely
Tron price is currently trading well below the $0.0150 and $0.0155 resistances against the US Dollar.TRX price is struggling to stay above the main $0.0142 support area.There is a major bearish trend line forming with resistance near $0.0152 on the 4-hours chart (data feed via Bitfinex).The price remains at a risk of more losses towards the $0.0131 and $0.0130 support levels.TRON price is showing a few bearish signs against the US Dollar and bitcoin. TRX price could decline further towards...
Read More »Ethereum Price Analysis: ETH Is At Major Crossroads
Ethereum price is facing a significant resistance near $152 and $158 against the US Dollar.ETH price is currently trading just above the $145 and $143 support levels.There is a major contracting triangle forming with resistance near $151 on the 4-hours chart (data feed from Coinbase).The price could start a strong upward move once it breaks $151 and $152.Ethereum price is trading in a contracting range against the US Dollar. ETH/USD needs to gain strength above $152 to start a solid upward...
Read More »Stellar Lumen (XLM) Price Could Dive Before Fresh Increase
Stellar lumen price is struggling to climb above the $0.0565 and $0.0580 resistances against the US Dollar.XLM price is currently trading in a range above the main $0.0535 support area.There is a major bearish trend line forming with resistance near $0.0562 on the 4-hours chart (data feed via Kraken).The pair could dive towards $0.0520 before it starts a fresh increase towards $0.0620 and $0.0650.Stellar lumen price is showing bearish signs against the US Dollar and bitcoin. XLM price must...
Read More »Ripple Price Analysis: XRP Approaching Next Significant Break
Ripple price is rising and it is trading near the $0.2315 resistance area against the US dollar.The price is likely to surge if it breaks the $0.2315 and $0.2325 resistance levels.There is a major breakout pattern forming with support near $0.2270 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A downside break below $0.2270 and $0.2250 might negate the possibility of an upside break.Ripple price is approaching the next key break against the US Dollar. XRP price could...
Read More »BNB Is Making BTC Look Rather Small, Says New Report
According to a new report, BNB – the official cryptocurrency of digital exchange Binance – is outperforming bitcoin as of late.BNB – The Industry’s Strongest Coin?Bitcoin has been on something of a weak roll over the past few months. Things ultimately took a nasty turn for the currency in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – opened its doors to rather lackluster reception. Following 12 months of hype...
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