Tag: Support

Ethereum Price Analysis: ETH Could Rally If $116 Support Holds

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ETH price is currently consolidating above the $116 and $117 support levels against the US Dollar. Yesterday’s highlighted key bearish trend line is active with resistance at $126 on the hourly chart of ETH/USD (data feed via Kraken). The pair may gain bullish momentum sooner or later as long as it is above the $116 support. Ethereum price is trading in ranges against the US Dollar and bitcoin. ETH/USD might start a solid upward move if it continues to hold the $116 support area in the near term. Ethereum Price…

BTC Cap Up $700 million From $3,700 Support

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Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

Ripple Price Analysis: XRP Find Support as Bears Slow Down

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Ripple price 3 cents from the primary support Exim bank set to adopt the xRapid system by the end of March 2019 Transaction volumes low but XRP is technically bullish Over and above everything, Sep 2018 rally guides our medium to long-term price projection. In the short-term, price drops below our support line at 30 cents could see XRP tumble below 25 cents invalidating our bullish stand. Before then, we recommend patience with an upbeat outlook. Ripple Price Analysis At current rates, XRP is down 11.6 percent from last week’s…

Central Banks Could Turn to Crypto to Support Reserves

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Cryptocurrency pioneer Nick Szabo has argued that central banks could soon turn to cryptocurrencies to shore up their reserves, Finance Magnates reports Jan. 9. Szabo is a veteran cryptographer, having developed the concept of “BitGold” — a never-implemented, pre-Bitcoin (BTC) privacy-focused digital currency back in 1998. He is also the first to have conceptualized smart contracts, in 1996 — well ahead of their industry-wide traction —  and remains a leading thinker in the crypto sphere. In remarks following his presentation at the Israel Bitcoin Summit at Tel Aviv University on…

Ripple Price Analysis: XRP Holding Important Support, Can It Recover?

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Ripple price traded lower recently and tested the $0.3580 support against the US dollar. There is a major bullish trend line with support at $0.3530 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover above $0.3650 as long as it is above the $0.3530 and $0.3580 supports. Ripple price corrected lower recently against the US Dollar and Bitcoin. XRP/USD must stay above $0.3530 to start a fresh upward move in the near term. Ripple Price Analysis After forming a high near the $0.3760…

Huobi and OKEx to Support Upcoming Ethereum Constantinople Hard Fork

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Leading cryptocurrency exchanges OKEx and Huobi Global will support the Ethereum (ETH) Constantinople hard fork which is estimated to happen between Jan. 14 and 18, according to a press release shared with Cointelegraph. The Constantinople hard fork is an upgrade, which is supposed to fundamentally change the Ethereum blockchain, with the synchronous nodes update to the entire system. The hard fork encloses separate Ethereum Improvement Proposals (EIPs) in order to soften the transition from proof-of-work (PoW) to the more energy efficient proof-of-stake (PoS) consensus algorithm. OKEx will reportedly take a…

Ethereum Price Analysis: ETH Holding Key Support, Could Bounce Soon

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Key Highlights ETH price corrected lower recently and traded below the $150 support against the US Dollar. There is a major bullish trend line formed with support at $145 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be preparing for an upward move above $152 and $156 in the near term. Ethereum price is holding key supports against the US Dollar and bitcoin. ETH/USD is likely to bounce back above $155 as long as it is above $140. Ethereum Price Analysis Yesterday, ETH price…

Bitcoin’s Proof of Keys Day Begins With Industry-Wide Support

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Technology In addition to being Bitcoin’s 10th birthday, Jan. 3, 2019 will go down in history as being the crypto world’s inaugural Proof of Keys day. The initiative, conceived by Trace Meyer just weeks ago, has drawn broad support from cryptocurrency influencers and businesses. Over the past 24 hours, crypto companies have tweeted their encouragement for users to withdraw their funds from exchanges and other custodial wallets. Also read: European Exchange to Offer Investing in Stocks With Cryptocurrencies Proof of Keys Day Draws Strong Support From Crypto Companies If Trace Meyer’s…

Ecosystem to Support DApps From All Blockchains

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Free products and services on the internet are a hit with the public, but a new blockchain-based ecosystem believes that most consumers are unaware of the risks of using such companies for distributing their content.   The team behind Phantasma Chain says they were motivated to act after watching the world freely share their data and content on third-party platforms, even though they run the risk of losing full control over this valuable information. Following the mantra of “there’s no such thing as a free lunch,” the company argues that…

Ripple Price Analysis: XRP Find Support at 35 Cents, Close 2018 on a High

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Latest Ripple News Coin creators ought to have a thick skin and always ready to answer any question touching on their creations. While Ripple is an independent and a for-profit company that advocates three main solutions in xRapid, xCurrent, and xVia, it’s a well-documented that the community is not so sure on whether XRP is a security or a utility. Brad Garlinghouse insists that Ripple Lab’s XRP is a utility and a former SEC commissioner did reinforce his position. In a recent AMA, Brad said XRP is a utility, and…