Academia-driven blockchain platform Cardano
With a 50% fall in price since the beginning of the summer, Cardano showing turnaround signs.
Cardano is a smart contract platform, similar to Ethereum, with a focus on security through a layered architecture. Read more »
The weekends went calmly, with the price gradually rose from the 6150 level, reaching 6400 at the beginning of the Monday. Today BTCUSD pair was picked upwards and broke above the 6400 level, aiming for the first key resistance 6600. In case if we will see BTC above 6600 today, the next target will be 7000. Only after the breakthrough above 7000, BTCUSD pattern could be changed for the turnaround/bullish scenario, till then the price looks downwards. Also, one of the key factors why uptrend won’t unfold right now is expectations of the SEC answer about ruling on a proposed by CBOE bitcoin ETF, which should be made somewhere between 10 and 16 August. So, for now, the best case scenario is lateral movement between 6000 and 7000 levels. In near-term perspective, from the upside – 6600 resistance, from the below – 6100. Read more »
6100-6150 zone showed it’s resistive nature yesterday, lowering Bitcoin was bought-off fast with high volumes, as soon as the price reached 6100 level. On the near-term perspective, we have a resistance 6300 from above and supportive 6150 level from below. To consider any kind of turnaround formation we need to see a breakthrough above the 6400 level. For now, current week pattern looks bearish even despite the recent hike up. Read more »
Ledger of Everything
During the falling market, as always, we revise the bottom coins, which looks like a good opportunity to buy-in on a case of future growth. Read more »
After a short lateral correction, BTCUSD continued its bearish movement and broke below the main support of this week – 6300. Now the price is at the 6150.0 level, calling into question soon return to the 7000 level and the formation of the bottom pattern in July. The next supportive zone on the way down is the 5750 – 6000 zone; 6000 as psychological support and 5750 is the bottom of July. A return above 6400 could be considered as a positive sign, but still, in such high uncertainty level, we need to see Bitcoin above the 7000 mark to consider any bullish development. Read more »
Tron decentralize the web
Returning to the TRX, which stays within positive boundaries during today’s BTC decline.
Recap for those, who don’t follow on TRX: Developed by famous “Jack MA protégé” Justin Sun, Tron is a blockchain-based decentralized platform, seeking to build a free, content entertainment ecosystem. The system is built with the use of distributed storage technology, which will allow cost-effective sharing of digital content. The project was founded by the Tron Foundation, a Singapore-based non-profit, back in 2017. Read more »
BTCUSD fall touched 6250.0 level but quickly returned to the 6300-6400 supportive zone. The most volumes were traded in the 6300-6400 area, which talks in favor of its supportive power. For now, we expect the price to go into a narrow lateral movement, as it is doing lately after strong moves. 6300.0 level stays the main support for the bullish view of the July movements, though it is already clear that the price will not return to 7000.0 level soon, and rather goes into a correctional move in the 6300 – 6600 zone. Read more »
DECENTRALIZED. IMMUTABLE. UNSTOPPABLE.
Ethereum Classic was born as a result of the Ethereum fork after DAO hack, mainly because the community could not come to a consensus about abandoning pretty large amount of ETH.
Two years passed since DAO events, and for now, Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap. The whole crypto community carefully listens to Vitalik Buterin and watch after Ethereum development. Read more »
Yesterday lateral movement ended by meeting with the Bullish Trend Line and breaking downwards after an attempt to take 6800.0 level. Price broke below the 6600.0 level, which probably has triggered stop orders of many and went downwards. The fall has stopped above the 6400.0 level; a 6300 – 6400 zone should play a supportive role for the price, a breakthrough of this zone could send price to the 6000.0 level and decline the whole July uptrend formation. Read more »
Powering decentralized exchange
Ethereum classic appeared as a result of Ethereum fork after the hack of DAO, mainly because the community could not get an consensus about the fork and abandoning pretty large amount of ETH.
Two years passed since DAO events, and for now Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap.
Regarding to success of Ethereum quite a lot of people seem to question why Ethereum Classic still exists and what its future. Does ETC planning to serve any practical purpose or have any unique features other than ETH, or is it just the result of proud developers who opposed arbitrary human intervention? Read more »