Bitcoin’s gains may not be parabolic, but the price is moving steadily higher. With BTC currently hovering at the $5,300 level, the mood around crypto has improved tremendously. Nonetheless, the bitcoin price continues to trade 75% below its peak. Continue reading Undervalued Bitcoin Will Be a ‘Multi-Trillion Dollar Asset Class,’ Says Analyst
Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been trading in for the past few months. The price now trading below its 200 day EMA and is ready to decline towards the bottom of the ascending channel. Continue reading Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades
Bitcoin and other major cryptocurrencies, including ethereum, Ripple’s XRP, and litecoin, have long struggled against accusations they are harder to spend and use in the real world than their traditional fiat counterparts. Continue reading Coinbase And Visa Are Making Bitcoin, Ethereum, Ripple’s XRP And Litecoin Payments A Reality
Since the beginning of April, ETC has gained nearly 50 percent and touched $8.00 for the first time since November. It seems that the project has recovered from most of the negative consequences from its notorious 51 percent attack and financial woes that plagued the project at the end of 2018 and continued into the beginning of 2019. Continue reading Ethereum Classic a Top Performer in 2019
We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and because they couldn’t pay back their monthly obligation, the house of cards fell, pushing the global economy into a recession. Six weeks later, we had the Bitcoin whitepaper, and it has been a roller-coaster ever since. Continue reading Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?