Day: June 24, 2019

Crypto Market Holding Key Support: Bitcoin Cash, EOS, TRX, ADA Analysis

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The total crypto market cap surged higher and tested the $325.0B level before correcting lower. Bitcoin price spiked above the $11,000 resistance level and it is currently consolidating gains. EOS price is back below the $7.200 level and it might test the $7.050 or $7.000 support. BCH price rallied significantly in the past few days and it is currently trading near $475. Tron (TRX) price broke the key $0.0350 resistance and it is currently near $0.0370. Cardano (ADA) price is slowly climbing higher towards the key $0.1000 resistance area. The…

Ripple Price (XRP/USD) Trimmed Gains But Testing Crucial Support

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Ripple price rallied significantly above the $0.4500 and $0.5000 resistances against the US dollar. The price traded as high as $0.5087 before it started a sharp downside correction. There was a break below a key bullish trend line with support near $0.4650 on the hourly chart of the XRP/USD pair (data source from Kraken). Both Ethereum and bitcoin also corrected lower and are trading in a range. Ripple price trimmed most its recent gains against the US Dollar and bitcoin. XRP price is now trading near an important support and…

Ethereum (ETH) Price Struggling Below $320: Range Moves Before Higher?

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ETH price climbed sharply above $300, but it struggled to clear the $315-320 resistance against the US Dollar. The price corrected lower, declined below the $300 level, and found support near the $295 level. There was a break below a major bullish trend line with support near $310 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher, but there are chances of more ranges moves below $320. Ethereum price is currently consolidating gains in a broad range versus the US Dollar, just like…

$10,000 is a Fair Value For Bitcoin (BTC), Here’s Why

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A Bitcoin History Lesson The first time Bitcoin (BTC) passed $10,000 was in late-2017. At the time, investors across the board, most of which were your average mom & pop consumers, were juiced with the fear of missing out. Thus, they siphoned money into the cryptocurrency space day in, day out. Rumors suggest that some took out loans to finance their foray into this asset class. What’s more, the words “cryptocurrency” and “blockchain” occupied the computer monitors (or phone screens) of nearly every breathing human in the Western world. Mainstream…

A Blockchain System for Azerbaijan’s Digital Economy

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Azerbaijan has been a hotbed for a series of ambitious fintech-related announcements over the past several months, as the nation’s authorities were apparently moving to implement a series of innovative technological solutions in banking and e-government systems. Repeated statements by government representatives suggested that at least part of the program relied on blockchain infrastructure. Most recently, as Cointelegraph reported, the chairman of Azerbaijan’s State Customs Committee revealed plans to implement blockchain technology to build an online-accessible cargo transportation database. Earlier in May, a high-ranking official for the Central Bank of…