Day: December 23, 2018

Ethereum Price Analysis: ETH Up 15%, Rally Could Extend Above $150

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Key Highlights ETH price surged higher recently and broke the $130 and $140 resistance levels against the US Dollar. There is a crucial bullish trend line in place with support at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near $148 and it could rally above the $150 level in the near term. Ethereum price gained a lot of bullish momentum against the US Dollar and bitcoin. ETH/USD broke $145 and now it could rally above $150 and $155. Ethereum Price Analysis…

What Happened to Dapps? (And 4 Other Big Questions for Ethereum in 2019)

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Kosala Hemachandra is the founder of MEW (MyEtherWallet), an open-source, client-side interface for generating ethereum wallets and interacting with the ethereum blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  For the most part, Bitcoin and Ethereum have held the title of the top two cryptocurrencies with the largest market capitalization. But in the past year, we’ve noticed that the second place for crypto’s market share is constantly switching between XRP and Ethereum – first in September and most recently in November and December. With many other…

Why Traders Say Volume Is Crypto Price Indicator of Choice

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When it comes to analyzing markets, developing your own trading style can be the difference between a successful trade or financial pain. Traders utilize a variety of indicators in order to add layers of confirmation to their bias in order to get the most accurate results. But what if you could only choose one indicator to use for the cryptocurrency market, what would it be and why? A poll recently conducted by CoinDesk Markets revealed that volume was the indicator of choice for 39 percent of respondents, while the Relative Strength…

Investors Lost Homes as Bitcoin Crashed, Are Stocks the Same?

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Sky News, a British TV station and mainstream media outlet, reported that investors lost homes as the Bitcoin price crashed. But, the same argument can be applied to the stock market, real estate, and every other major market. The report claimed that investors put up their homes as collateral to receive loans and invest in Bitcoin. As the price of Bitcoin dropped, their homes were taken away along with their assets. The report read: Married men accessed equity through their family homes, and often – whether because they felt they…

Does the Video Game Industry Really Need Blockchain?

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No. You may have expected a different answer to come from a blockchain video game developer, but that’s the truth. Gaming does not need blockchain. In fact, there are a lot of great features that gaming doesn’t need. Games did just fine before online multiplayer was available, or before the quicksave option became popular – do games need those things to be successful? Not necessarily. Different features suit different games, and the industry is constantly evolving to create the best, most innovative, most immersive gaming experience possible. Scot Kinney is…

SBI Holdings’ Crypto Exchange Vctrade Accepts Bitcoin, Ethereum, Ripple Deposits

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Vctrade, a crypto exchange recently launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. The company has revealed this in a press release published Dec. 21. The announcement further notes that the exchange — which was launched in July — is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained that cryptocurrency withdrawals will not be available until late January 2019, and will be limited to a hardware wallet that the company refers to as…

Bitcoin Cash, IOTA, TRON, Bitcoin SV, DASH

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Cryptocurrencies as an asset class are maturing and carving out their own niche. While the equity markets had their worst week in the past 10 years, the crypto markets have bounced sharply from their lows, showing first signs of a recovery. However, after the massive destruction of wealth this whole year, it will take more than a bounce to confirm the start of a new uptrend. Though these bounces are a good opportunity for short-term traders, the investors need to look for large bottoming formations which signal the beginning of…

Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

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Sunday, Dec. 23 — all of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) —…

Bitcoin Price Weekly Analysis: BTC Primed To Test $5,000

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Key Points Bitcoin price gained pace recently and broke the $3,580 and $3,780 resistances against the US Dollar. There is a major symmetrical triangle forming with resistance at $4,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $4,080 and $4,150 resistance levels to rally towards $4,500 or $5,000. Bitcoin price is placed in an uptrend above $3,580 against the US Dollar. BTC/USD is likely to extend the current bullish wave towards $4,500 or $5,000. Bitcoin Price Analysis This past…