Category: Analysis

Ripple (XRP) Army A Manufactured Web of Bots, Research Reveals

boss

Ripple prices consolidation XRP Army a blend of phony accounts and bots Transaction levels lows and averages more than half that of Feb 24 and 25 Geoff Golberg, an independent researcher with the application of Network analysis on social and blockchain data is confident that the harassing XRP Army consists of fake accounts and bots. If anything, this is negative for price and XRP could print lower. Ripple Price Analysis Fundamentals An independent report now reveals that the so-called XRP army is a lie. Instead, the army consists of thousands…

Bitcoin Price Pounds into Bull Market, Could Surge to $400,000: Analyst

boss

As the bitcoin price continues to hover in a tight range just below $4,000, crypto investors are breathlessly waiting to find out whether bitcoin price can punch through the resistance line that thwarted its most recent attempt to initiate a new bull market. Below, we examine both the bull and bear case for bitcoin as traders position themselves to be on the right side of the crypto market’s next major move. Bull Case: Bitcoin’s Losing Streak is Over, Could Rally to $400,000 Writing at ThinkMarkets UK, Chief Market Analyst Naeem…

Mike Novogratz: Another BTC Value Surge is About to Happen

boss

Photo: QuoteInspector The latest but not the least whose voice came out of Crypto Winter is Michael Novogratz of crypto merchant bank Galaxy Digital who kept telling it from his own view. Novogratz called the market bottom days after Fundstrat’s Thomas Lee issued his latest bullish outlook for the Bitcoin price. Just for a reminder, few days ago Lee said that the “tailwinds” that had dragged bitcoin down during the current Crypto Winter are easing. Specifically, Lee said that “macro factors such as a rally in risk assets plus the US dollar no…

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

boss

The total crypto market cap corrected lower recently and tested the $132.0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.70 support level. Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances. Tron (TRX) is currently flat near the $0.0230 support level. The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX)…

Ripple Price Analysis: XRP At Risk In Short Term Before Fresh Increase

boss

Ripple price carved a short term top near the $0.3200 level and declined recently against the US dollar. The price failed to stay above the $0.3160 support and moved into a bearish zone. Yesterday’s highlighted key bullish trend line was breached with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded below $0.3140 and it is now at a risk of more losses towards $0.3080 or $0.3060. Ripple price failed to capitalize on recent gains against the US Dollar and bitcoin.…

Ethereum Price Analysis: ETH Turned Vulnerable Below $140

boss

ETH price failed to climb above the $140-141 resistance area and declined against the US Dollar. The price even broke the $137 support level and traded to a new weekly low near $135. This is a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken). The pair may extend the current downside correction if it fails to surpass the $140 resistance area. Ethereum price is slowly moving into a bearish zone against the US Dollar and bitcoin. ETH is now…

Bitcoin Price Has Just a 5% Chance to Hit $10,000 in Next 6 Months

boss

The chances of the bitcoin price reaching five figures within the next six months are growing slimmer by the day. Based on the current value of BTC options, cryptocurrency analysis firm Skew Markets has disclosed that the odds of bitcoin exceeding the $10,000 mark by September are now just 4.6 percent. Odds of bitcoin >10k by September = 4.6% What do you think? pic.twitter.com/5BVeRbETem — skew (@skew_markets) March 18, 2019 Additionally, the probability of bitcoin reaching slightly lower price targets are not that great either. For instance, the probability of…

Russian Police Deny Covert Confiscation of 2 Billion Rubles, Mining Equipment

boss

Russian Police Deny Covert Confiscation of 2 Billion Rubles, Mining Equipment March 18, 2019 by Jeff Fawkes On March 14th, 2019, police confiscated cryptocurrency mining equipment and “large amounts of cash” from Sadovod and Moscow trading centers in the city of Moscow, according to a TASS police informant’s anonymous news tip. However the next day police officially denied the confiscation, adding a 2 billion ruble ($31 million USD) figure that wasn’t mentioned in the TASS report. Also read: Lawyer: People Increasing VPN, Tor Use to Avoid Media and Crypto Censorship We…

Existing Security Laws Vague, Hinders Development

boss

Ripple prices stable below 34 cents Security laws relating to blockchain still fuzzy says, David Schwartz Transaction volumes shrinking as prices consolidate David Schwartz, the CTO of Ripple Inc, believes that existing security laws are vague and are therefore a hindrance. Even so, he is confident and comfortable that Ripple (XRP) is a utility and security laws don’t apply. Perhaps this would help support prices and eventually firm the ground in readiness for higher highs. Ripple Price Analysis Fundamentals In an unregulated space of which blockchain applications are supposed to…

Facebook Cryptocurrency is ‘Cool’ But Bitcoin is Better

boss

Billionaire investors Cameron and Tyler Winklevoss aren’t too worried that Facebook’s cryptocurrency project will end up being a “bitcoin killer.” In fact, they maintain that it will have more impact on the world than Facebook ever did. Winklevoss: Bitcoin Still ‘So Young’ for People to Crow over its Demise Speaking to the UK’s Daily Telegraph at the annual SXSW festival of film and music, the twins, who first bought the leading cryptocurrency when it was valued at around $8 per coin, pointed to how an emerging Amazon outmaneuvered retail giant…