By looking the recent sharp rise in price, the question arises; what is MDA and what has been driving the price up to the current price? Moeda (MDA) is platform for local businesses seed funding. All projects are being selected by Moeda and must meet the UN sustainable development goals. Back in August, MDA/BTC bottomed out at 5367 satoshis, after which price...
MetalPay (MTL) is a payment system that enables users to transfer fiat or cryptocurrency peer-to-peer, using just a phone number. It is similar to the PayPal and is available to the US users. At the moment it is fart from reaching mass adoption although MetalPay team is making steps to increase the use of MTL token. Yesterday it was announced that Metal will be...
Since September 2018, Dash has reached mass adoption, accepting over 3,600 merchants worldwide. This is an astonishing achievement by the Dash team as the main criteria for cryptocurrency growth is the actual use case. With Dash, it is clear that over the long term price is more likely to increase, rather than continue trending downwards. Just consider the fact of...
Today Bitcoin is trading under highest volume of the past 19 days, and currently it stands at 27k BTC. Yet, the day is not over and volume might increase even further. Now BTC/USD is testing 78.6% Fibonacci support at $6258, which so far is being rejected. Overall, there is no clear direction established by the Bitcoin, as it remains above the $6000 support....
In August, Nano had a short-lived rally, which resulted in a 345% growth over the Bitcoin. Although after this rally, price went down, resulting in a 54% correction. Since 12th of September up until today, NANO/BTC hasn’t been very active. Price simply moved around the btc 0.00035 level, where the most trade volume has been concentrated throughout the past 3...
On Sunday, 7th of October, Justin Sun (Tron CEO) posted an update on twitter: twitter.com The twit stated that in the upcoming update, Tron would become 200 times faster than Ethereum and 100 times cheaper than EOS. This is a very optimistic clam made by Mr. Sun, but if the claim will become the reality, price of TRX could increase substantially against the...
For almost 6 months Cardano has been losing its’ value to the Bitcoin. Since may price dropped by nearly 77%, while ADA/BTC moved from 4200, down to 900 satoshis. At that level, ADA found the support at 327.2% Fibonacci retracement level, applied to corrective wave up after the uptrend trendline breakout. The support has been rejected cleanly; in fact, ADA just...
According to today’s blog post on official Binace page (medium.com), it was stated that as of today, Binance fees are made completely transparent and 100% of them will go to charity. So how this could affect the price of the Binance coin in the future? Well, transparency is something that gives confidence to the users, thus increasing Binance reputation. In...
Since 8th of September Bitcoin has been steadily rising producing higher highs and higher lows, while bouncing off the uptrend trendline. However, on the 28th of September BTC/USD failed to break above the previous high and rejected the 50% Fibonacci retracement level for the second time. Clearly, the resistance has been formed near USD 6,800, but at the same...
Reddcoin is a micro tipping platform for sending tips over the social networks. On the 1st of October ReddCon has announce the release of the ReddID, that has to simplify the process of “social tipping”. The ReddID enables Reddcoin holders to name the wallet instead of using a complex 16 characters jumble. Indeed, this should make the social tipping much faster,...
On Monday, 17th of September, head of regulatory relations for Asia-Pacific and the Middle East at Ripple made a statement. He talked about the huge progress that is being made on the xRapid product, which should help banks to make transactions much faster with the XRP cryptocurrency. The Ripple price action at that time was very sluggish and it stagnated near...
Since Bitcoin reached an all-time high, back in December 2017, the volume has been steadily decreasing along with the price. During the past 9 months Bitcoin has dropped from USD 20,000, down to USD 6,000, losing 70% to the USD. During the past 8 months, BTC/USD has approached 6k support level multiple times, although every attempt to break below has failed so...