ADA price started a strong rise from the $0.0450 support area against the US Dollar.The price is currently gaining momentum above $0.0500 and it could continue to rise in the near term.There is a strong support forming near $0.0475 and a bullish trend line on the 4-hours chart (data feed via Kraken).The price is likely to rally sharply if it breaks the $0.0525 and $0.0530 resistance levels.Cardano price is gaining bullish momentum against the US Dollar and bitcoin. ADA price could continue to...
Read More »Tron (TRX) Price Analysis: Bulls Eyeing Recovery Above $0.0165
Tron price is currently recovering and is trading above the $0.0150 resistance against the US Dollar.TRX price is facing a few key hurdles near the $0.0162 and $0.0165 levels.There was a break above a crucial bearish trend line with resistance near $0.0156 on the 4-hours chart (data feed via Bitfinex).The price is likely to gain bullish momentum once it surpasses the $0.0162 and $0.0165 resistance levels.TRON price is showing positive signs against the US Dollar and bitcoin. TRX price could...
Read More »Ethereum Price Analysis: ETH Upsurge Could Extend Above $200
Ethereum price started a strong upward move and broke the $185 resistance against the US Dollar.ETH price is trading near the $200 level and it might continue to rise in the near term.There was a break above a crucial bearish trend line with resistance near $175 on the 4-hours chart (data feed from Coinbase).The price is showing positive signs and it could even break the $200 and $202 resistance levels.Ethereum price is trading with a positive bias above $190 against the US Dollar. ETH price...
Read More »Ethereum Price Has Been Booming Since Friday
At press time, Ethereum – the second-largest cryptocurrency by market cap and the number one competitor to bitcoin – has been exploding in price and is expected to shoot past $200 within the next few days.Ethereum Is Growing SuddenlyEthereum has been experiencing great difficulty as of late and is entering “bitcoin status” in that it is now an “old” coin when compared to competitors like EOS and TRON. Even that is something of an understatement considering BTC has experienced solid growth...
Read More »New Phone Comes Equipped with Bitcoin Cash Wallet
A new blockchain phone is being released by HTC and Bitcoin.com. What’s special about it? It has a bitcoin cash (BCH) wallet built into it to potentially inspire its customers to get into cryptocurrency usage and trade options. Bitcoin Cash Is Taking OverThe fact that it has a bitcoin cash wallet and not one designed for its parent currency bitcoin makes more sense than one might think. Roger Ver, who owns Bitcoin.com, recently did a 360 when it came to cryptocurrency and, despite several...
Read More »Stellar Lumen (XLM) Price Could Start Decent Recovery Above $0.0600
Stellar lumen price declined steadily after it broke the $0.0625 support against the US Dollar.XLM price tested the $0.0575 zone and it is currently correcting higher.There is a major bearish trend line forming with resistance near $0.0590 on the 4-hours chart (data feed via Kraken).The pair could start a decent recovery if it breaks the $0.0590 and $0.0600 resistance levels.Stellar lumen price is in a bearish zone below $0.0600 against the US Dollar. XLM price might correct higher in the...
Read More »Ripple Price Analysis: XRP Could Surge If It Breaks $0.2650
Ripple price is facing a strong resistance near the $0.2650 level against the US dollar.The price is currently consolidating and is trading above the $0.2580 support area.There was a break above a crucial bearish trend line with resistance near $0.2585 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price could sharply climb higher if there is a daily close above the key $0.2650 resistance area.Ripple price is trading in a broad range below $0.2650 against the US...
Read More »Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services
Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: Shutterstock The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. According to Decrypt, Bank of...
Read More »Ripple Co-Founder Keeps Getting More and More XRP
Hey, Ripple: if you want to continue to anger your fans and customers, just keep doing what you’re doing! The company has now moved more than $26 million USD in XRP units to a wallet held by one of the company’s founders, Jed McCaleb, the same man who co-founded Stellar and the now defunct Mt. Gox exchange in Japan in 2011.Ripple Keeps Making Questionable MovesMt. Gox is one of the most notorious platforms in cryptocurrency history. The company lost more than $400 million USD in BTC units in...
Read More »Is China Finally Easing Up on Cryptocurrencies?
It looks like some people (or entities) can change their minds after all. Despite a mixed relationship with cryptocurrency in the past, the People’s Bank of China (PBC) appears to finally be easing up to it. Is China Becoming “Friendlier?”As China’s central bank, the financial institution is looking to release its own digital currency in the future. This is not the same digital currency that China had initially announced weeks ago as a means of combating Libra. This would be an entirely...
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