Price Analysis Mar 30: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Most cryptocurrencies have bounced off their immediate support levels, a positive as this shows demand at lower levels. BitMEX Research recently pointed out that the correlation between the S&P 500 and Bitcoin (BTC) has reached a new high, eclipsing the previous high recorded in March 2018. This shows that with all the money being printed to support the economy, a tiny bit might be finding its way into the crypto space, which is a huge positive. Over the long-term, only a fraction of the total stimulus packages announced around the…

Block.one Hires Team Behind Prominent Block Producer EOS New York

EOSIO developer Block.one has recruited the team behind EOS New York (NY), a high-profile Block Producer on the EOS network.  Founded in 2017, EOS NY was a one-time #1 Block Producer on EOS, but has now ceased its operations, an announcement on March 25 revealed. Speaking to Cointelegraph, EOS NY founder Kevin Rose said: “We are deeply grateful for the way the community has embraced our team over these past few years. EOS NY was shut down prior to our joining Block.one, and EOS NY was not part of our…

Price Analysis Mar 27: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Most cryptocurrencies have turned down from their overhead resistance levels suggesting a minor correction or period of consolidation will occur in the next few days. The coronavirus pandemic and the economic crisis that it has brought along is the first of its kind in this generation. For weeks now, global equities markets have been swinging wildly due to the uncertainty. However, compared to the traditional markets, Bitcoin has been holding up quite well and its volatility has been gradually reducing in the past few days. Pantera Capital Founder and CEO…

Stage One of ‘Risky’ EOS Worker Proposal System Approved

Block producers have approved the first stage of the implementation of a controversial EOS governance change that allows any user to propose network rule changes. EOS blockchain explorer Bloks shows that the first phase was approved on March 24. EOS Nation — the block producer (BP) who proposed the system — claimed in a recent tweet that the 34 positive votes by BPs on the proposal is “the strongest consensus reached on any EOS Mainnet proposal”. According to an EOS Nation’s March 18 post, the newly approved Worker Proposal System…

Price Analysis Mar 23: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels. Traditional markets continue to post almost daily losses while Bitcoin price has been relatively range bound for the past week. At the risk of sounding repetitive, traders have to continue to focus on the events that are driving the various asset classes. The Coronavirus cases in Europe are not showing signs of flattening out and the number of cases in the US are surging at a rapid pace. This raises the uncertainty…

NEO-Based DEX Partners With Zilliqa to Add Ethereum and EOS Assets

NEO-based decentralized exchange (DEX) Switcheo partnered with the Zilliqa blockchain to allow trading of Ethereum- and EOS-based assets on the platform. According to an announcement on March 16, after the launch, Zilliqa token holders will be able to access Ethereum-based assets for the first time. A Switcheo spokesperson also informed Cointelegraph that there are plans to add Bitcoin (BTC) support as well. The two teams plan to launch a minimum viable product by the end of Q2 2020 and external user acceptance testing by Q3. The development is expected to…

Price Analysis Mar 16: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

The crypto markets are showing some buying at lower levels, which is a positive sign as it shows that investors are accumulating on dips. The US Federal Reserve is at it again. For the second time this month, the Fed has done an emergency rate cut. On March 3, a 50 basis point cut was implemented and that was followed with a 100 bps cut on March 15. If that was not enough, the Fed also announced a $700 billion quantitative easing program. Surprisingly, in response to this, equities markets…

Price Analysis Mar 13: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold everything in their portfolio. The coronavirus pandemic has created a state of panic because it does not have any treatment and spreads quickly. As a result, large cities and in some cases, the whole country…

Price Analysis Feb 26: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

Investors may interpret the current correction in cryptocurrencies as a long overdue pullback and purchasing opportunity. The equity markets sold off sharply on Feb. 24 and 25. Even gold, a traditional safe-haven has stalled its rally. On similar lines, cryptocurrencies are also witnessing a period of correction.  The total crypto market capitalization has dropped from about $308 billion on Feb. 15 to $248 billion at press time, which is a fall of about 19.50%. For an investor, this is a normal and healthy correction, which can provide an opportunity to…

Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during certain occasions, such…