Day: April 3, 2020

Nexo – a Savior in Times of Financial Uncertainty

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After a general slowdown, the global economy has now suffered a secondary blow due to the worldwide coronavirus pandemic which forced a lot of businesses to temporarily suspend operations or stick to minimum capacities. As more people fall sick and cities go on lockdown, the working capital available for individuals or companies to function has decreased significantly and as the world starts returning to normalcy, there will be a huge need for liquidity. While the current situation is causing unfortunate, adverse effects on thousands of households and enterprises, there are…

Here’s Why Bitcoin Could Correct To $6.5K Before A Fresh Rally

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Bitcoin surged above the $7,000 resistance and reached the $7,200 bullish target against the US Dollar. BTC price is currently correcting lower and it could test the $6,500 support area. Bitcoin rallied significantly above the $6,800 and $7,000 resistance levels against the US Dollar. The price tested the $7,200 target (as discussed yesterday) before correcting lower. There is a key bullish trend line forming with support near $6,715 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower towards the $6,500 support before…

Technicals Point Towards Ripple (XRP) Rally To $0.20 Despite Some Roadblocks

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Ripple is trading in a positive zone above the $0.1750 region against the US Dollar. XRP price is likely to accelerate gains in the near term and it could test $0.1880 and $0.2000. Ripple price is slowly gaining bullish momentum above $0.1720 and $0.1750 against the US dollar. There was a sharp spike recently towards $0.1865 before the price corrected lower. There is a major bullish trend line forming with support near $0.1770 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to…

Cointext Cofounder Unveils BFP Encrypt – Send Encrypted Data to Bitcoin Cash Addresses

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‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes … read more. Free from Tron: Steemit’s Blockchain Fork Hive Outperforms Steem Token Value For weeks now, the cryptocurrency community has been fervently discussing the recent acquisition of the Steemit blockchain. Skeptics believe that the Tron takeover…

Ethereum Gearing For Another Lift-Off to $155: Rally Isn’t Over Yet

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Ethereum rallied recently above the $135 and $140 resistance levels against the US Dollar. ETH price remains well supported and it could rise again towards $150 and $155. Ethereum is showing a lot of positive sign and it is trading above $140 against the US Dollar. The price tested the $150 resistance and corrected lower towards $140. There is a major bullish trend line forming with support near $132 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be eyeing another bullish wave towards the…