Category: Trading Analysis

Bitcoin Cash Getting Much Weaker

Bitcoin Cash may well head to $640 or $630 soon, as there’s a new bearish trend line at $690. The crypto is trading at $662, having already tested the local low at $645 and then pulled back. The cryptocurrency is under pressure, according to Dmitriy Gurkovskiy, Chief Analyst at RoboForex. He portends Bitcoin Cash is unlikely to stay long near $700. In case the sellers remain active, it will soon reach $630. Losses are already high, investors say, which could be clearly seen after BCH went below $665. In theory,…

Augur Price Scales the Charts as Mainnet Launch Looms

The augur price embarked on a double-digit percentage rally on Thursday as the project gears up for its mainnet launch in early July. Augur Price Posts Double-Digit Rally It was another day of sideways trading for the cryptocurrency markets, with the ecosystem’s total market cap adding about $400 million over the past 24 hours. Nevertheless, there were a few standouts on this otherwise-placid day, the most notable of which was augur (REP). The augur price rose more than 12 percent against the dollar for the day, bringing it to a…

EOS Price Bounces as Creator Proposes Scrapping Constitution

The EOS price headlined the large-cap cryptocurrency index on Wednesday after one of its chief architects proposed scrapping its controversial constitution and replacing it with a new one. EOS Price Leads Large-Cap Index Overall, the cryptocurrency markets held relatively stable for the day, with the aggregate market cap dropping by about $1.2 billion over the past 24 hours. Against this backdrop, the EOS price managed to mount a 5.4 percent recovery. At present, EOS is trading at an equivalent of $8.13 on Binance, with a circulating market cap of $7.3…

Crypto Market Remains Relatively Stable, Tokens Record Big Gains as Theta Surges 30%

The crypto market has slightly rebounded by $4 billion over the past 24 hours, providing investors with a breathing room in a major mid-term sell-off and downtrend. In a sideways market, a period in which major cryptocurrencies like bitcoin, Ethereum, Ripple, and Bitcoin Cash barely move but still secure some stability, tokens and small-scale cryptocurrencies tend to perform exceptionally well against both the US dollar and major digital assets. Interesting Trend of Tokens and Their Strong Performances The crypto market is still largely dependent on two major digital assets: bitcoin…

Coinbase Should Add XRP [And It’s Not a Security]: Ripple CEO

Brad Garlinghouse, the billionaire CEO at Ripple Labs, the company that oversees the development of XRP, the $18 billion blockchain network, has said for the first time in public that Coinbase should integrate XRP, the native cryptocurrency of the Ripple network. CEO Says Ripple is Clearly Not a Security In an interview with Jeff John Roberts from Fortune at CB Insights Future of Fintech conference in New York, Ripple CEO Brad Garlinghouse said that XRP is solving problems at scale for institutions and large-scale banks, and Coinbase should be interested…

Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating

From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS fell by large margins. For a third day in a row, EOS, the delegated proof-of-stake (PoS) network based on the Ethereum blockchain protocol, has recorded the biggest loss amongst major cryptocurrencies. On June 24, EOS recorded a loss of 13 percent, while BTC, ETH, XRP, and BCH fell 3.5%, 4.6%, 5.8%, and 8.5% respectively. Why the…

Ethereum Classic Price Defies Bear Market in Single-Day Rally

The ethereum classic price continued its inexorable rise on Thursday afternoon as it reached $17.71 on cryptocurrency exchange Binance — a single-day increase of 7%. There could be several factors which are affecting this price movement. The principal one is the listing on Coinbase, which was something of a surprise when it beat other contenders such as Ripple’s XRP token to the finishing line. Turnover has also increased quite substantially in the past days where the price climbed from a low of around $13.50 to $17.74 of now and appears…

Researchers Allege Tron Plagiarized Code from other Projects

Researchers from Digital Asset Research (DAR) have discovered multiple instances of code copied from other projects in the Tron codebase. It seems that Tron developers plagiarised code from Ethereum among other projects and changed filenames to make it difficult to identify the source of the code. DAR published an article on Medium about the plagiarism and the legal and technical problems that may now affect the Tron mainnet going forward. “On December 31, 2017, the project was initially accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the…

Tron Price Pumps Following BitTorrent Acquisition

The Tron price surged more than 17 percent on Tuesday amid reports that founder Justin Sun is now in the final stages of closing a deal to acquire peer-to-peer protocol developer BitTorrent. Tron Founder Justin Sun to Acquire BitTorrent for $140 Million Rumors about the acquisition had circulated for weeks, but several disputes — including allegations that BitTorrent had violated a no-shop clauses — had hampered the negotiations. However, TechCrunch is now reporting that Sun and Tron have agreed to acquire BitTorrent for $140 million and that approval documents have…