Altcoins are growing, market is falling

This week is highly disscussed among crypto fans, no wonder, starting from the largest partnership in history to the monstrous loss of Japan and not just that.

Bitcoin is recommended for buying by Pantera Capital

That’s their fourth recommendation in 7 years, as they rarely recommend anything related to crypto

The CEO of investment fund Dan Morehead has said that the mark of $6,500 for Bitcoin is limit and hardly he will go below.

In the April letter to investors Dan Morehead noted high probability that the Bitcoin will grow and will even overcome a December maximum of $20,000. According to Morehead it can happen by the end of 2018.

I rarely have such strong conviction on timing. A wall of institutional money will drive the markets much higher

Dan Morehead, CEO of investment

Dan hasn't given any statement and yes, he makes some recommendations not to often, he has announced possibility of such events, take it into account. But something confuses in this news. Such famous analyst and fund with quite long story in the cryptocurrencies market (organized in 2013), couldn't save investors money from global correction and loss, moving down together with market falling.

According to Joey Krug (co-chief investment officer of Pantera Capital) letter to clients fund of digital assets has lost only 3.1% since 1 December 2017 in comparison with Bitcoin which for the same period has dropped by 37.4%. At the same time only in March, 2018 assets of Pantera were reduced by 45.7%. But the market has begun its slowly grow practically from the middle of March, nevertheless the fund continued to lose money since January, without taking any action, at least for fixing profit and or limit the losses.

Such result approximately meets our expectations if to take into account the big movements in the market in general

Joey Krug, Co-Chief Investment Officer of Pantera Capital

Verge claimed they partnered with PornHub

In reality, they didn’t, the famous adult site now only accepts XVG as a form of payment. Somehow that has driven the price down a lot.

Representatives of XVG (Verge) announced ‘the largest partnership in cryptocurrencies history’ on March 27 from that date the price of a coin has begun to grow. From the moment of the announcement before direct disclosure of the partner altcoin has increased by more than 200 percent (from $0.03 to 0.11 for a coin). But after the announcement of partnership with PornHub price dropedl to $0.07 for a coin and trades on this mark for now.

Community accepted it differently, but it should be noted that it has serious value for a resource as Pornhub, because it gives high importance to the protection of clients confidentiality. But what is even more important, it is a big step for promoting the pluses of cryptocurrencies anonymity.

Such resources as Brazzerz, Reality Kings, You Porn, DP (Digital Playground) also begun to accept XVG (Verge). Developers started a contest for 300,000 XVG (Verge) and also as a prize — date with some of pornstars. I very doubt that there will be no participants.

IBM’s favorite crypto, Stellar Lumens, breaks above $0.31 as market confidence grows

Stellar recently got some interesting projects based on its platform, so this growth seems natural

XLM (Stellar) altcoin grew up in cost and reached capitalization in $6,3 million — the best indicators for the last six weeks. Experts consider the most probable cause of such rise is the future ICO connected with marijuana.

The Canadian producer of marijuana — Nezly, became the new partner of the platform. The company plans to use tokens as payment for its product and the other services and also they plan to create a blockchain ecosystem with mobile applications. ICO Nezly will start this Friday (20 April). It will be possible to get tokens in exchange for BTC (Bitcoin), ETH (Ethereum), XLM (Stellar) or US dollars. The company has set the top limit of sales in $36,5 million, the total amount of available tokens is 120 million.

Cardano grows when all market falls. Listing of ADA at Huobi and new trading pairs at Binance

Despite the rather deep falling of the prices ADA (Cardano) continues to grow for the last several months, the cryptocurrency still is in top 10 rating of CoinMarketCap. News about adding of a new pairs on Binance has positively affected a price. So for the last week its average price has grown more than 30%

Besides pairs added earlier with Bitcoin and Ethereum, now there is also an opportunity to trade in ADA(Cardano) against Binance Coin (ADA/BNB) and Tether (ADA/USDT).

At the same time the movement of the price was pushed up by listing of ADA(Cardano) on the Huobi exchange which takes the second place in the world on cryptocurrencies exchanges.

It is worth reminding that on May 3 ADA (Cardano) is planning to publish an update to a Road map. The previous updating raised the altcoin price  for more than 20% in a day of announcement.

Kraken is leaving Japanese сryptocurrencies market

One of the oldest cryptocurrency exchanges in the world — Kraken — will stop serving clients in Japan. The company has explained the end of the activity in the region with the e-mail for clients:

Suspending services for Japan residents will allow us to better focus on our resources to improve in other geographical areas [...]. This is a localized suspension of service that only affects residents of Japan and does not impact services for Japanese citizens or businesses domiciled outside of Japan.

from the official e-mail

In March 2018 exchange has closed a number of bank accounts and also stopped accepting deposits in the US dollars, Euro and the British pounds through the SWIFT system.

It is necessary to pay attention to the exchange assets, as the date of closing approaches, the prices, in connection with the increasing need of their urgent withdrawal (until the end of June), will probably fall.

BNB

33.05 USD
-7.18%

ADA

0.09184 USD
-7.41%

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Bitcoin, Crypto Market Could Bleed Further: BCH, BNB, LTC, TRX Analysis

The total crypto market cap declined heavily and even broke the $250.0B support area. Bitcoin price settled below the $10,000 support level and spiked towards $9,200. Binance coin (BNB) price dived more than 10% and even broke the $25.00 support level. Litecoin (LTC) price broke the key $90.00 and $85.00 support levels to enter a bearish zone. BCH price failed to stay above the $300 level and recently declined below $285. Tron (TRX) price is down more than 15% and it is approaching the key $0.0200 support area. The crypto market cap and bitcoin (BTC) are declining heavily below key supports. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are also under a lot of pressure. Bitcoin Cash Price Analysis Yesterday, there was an upside correction in BCH price above the $290 and $300 levels against the US Dollar. The BCH/USD pair tested the $320 resistance level, but it struggled to continue higher. Recently, it started a fresh decline and broke the $300 support level. The price is down around 10% and it is trading near the $285 level. If there are more losses, the price could even test the $270 support level in the near term. Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis Binance coin (BNB) price declined sharply after it failed to stay above the $28.00 support area. BNB price broke the $26.00 support level and even declined below $25.00. The next main support is near the $24.10 level, below which the price may even test the $23.80 level. Litecoin price declined steadily below the $90.00 and $85.00 support levels. LTC price even broke the $80.00 support area and traded close to the $74.00 level. It is currently correcting higher, but upsides are likely to remain capped near the $80.00 and $82.00 levels. Tron price declined heavily below the $0.0250 and $0.0240 levels. TRX price is down more than 15% and it recently broke the $0.0220 support level. It seems like the price may soon test the main support near the $0.0200 level, where the bulls are likely to take a stand. Looking at the total cryptocurrency market cap 4-hours chart, there was a strong rejection near the $285.0B level, which was a support earlier. As a result, the market cap declined heavily and broke the $260.0B and $250.0B support levels. It moved towards the $240.0B level and remains at a risk of more downsides. An immediate resistance on the upside is near the $250.0B level, above which the market cap may face a strong resistance near the $262.0B level and a bearish trend line on the same chart. Overall, upsides are likely to remain capped in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term. Bitcoin, Crypto Market Could Bleed Further: BCH, BNB, LTC, TRX Analysis was last modified: July 17th, 2019 by Aayush JindalThe post Bitcoin, Crypto Market Could Bleed Further: BCH, BNB, LTC, TRX Analysis appeared first on NewsBTC.
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Stellar, EOS and Binance Coin Price Prediction and Analysis for July 17th; XLM, EOS, BNB

Stellar Price Analysis (XLM/USD) On an hourly chart, XML/USD pair continues the downwards pressure.  The downtrend was buttressed by the 21 day MA that gravitated above the 7 day MA that signaled a bearish outlook.  XLM has down surged by 4.6%, having begun trading at $0.08982 and is currently at $0.08572 over the last 24hrs.  The pair’s price experienced sideways price movements after a price fall that placed new resistance level at $0.08986 and support level at $0.08572.  Presence of a four-price Doji was also seen repeatedly. This showed that the market dealt with a small number of transactions. The Relative Strength Index was also touching below level 30 at several instances that indicated an oversold market condition.  This also showed that the bears had dominated the market momentum in the last 24hrs. The market is at the moment recovering as reflected by the RSI indicator that has upped from level 29 to level 42.  This also indicated the reluctance of traders to go short in anticipation of better prices. Stellar Price Prediction The 21 day MA is still trading above the 7 day MA that indicated a strong bearish signal.  This shows incoming bearish momentum in the next few hours. New targets should be set at $0.08200.  The support level is imminent to be broken. EOS Price Analysis (EOS/USD) Like XLM, EOS/USD pair has also undergone a bearish outlook over the last 24hrs.  EOS is down by 3.7% with a circulating supply of 923,253,298 coins. It started the sell-off at $4.4622 and is currently at $4.3032.  The pair’s price faced a slight dip yesterday. The RSI X indicator that was seen trading below level 30, the oversold territory reflected this. A sideways momentum that placed resistance level at $0.31635 and support level at $0.29914 followed the bearish momentum.  Notably, both levels were tested severally. The RSI indicator was later seen heading upwards as it had moved from a low of 20.13 to a high of 49.75 that reflected an increase in buyouts. Like XLM, the pair’s price RSI indicator is currently heading north which shows the unwillingness of traders to go short hoping for better prices. EOS Price Prediction At the press time, the 7 day has crossed over the 21 day MA.  This indicates incoming bullish momentum. The resistance level is likely to be breached while the new target should be set at $4.5000. Binance Coin Price Analysis (BNB/USD) BNB, on the other hand, is down by 5.7% over the last 24hrs.  It began trading yesterday at $29.36 and is currently at $27.70, which showed a significant fall.  The bearish pressure was supported by the 21 day MA that was seen gravitating above the 7 day MA.   BNB/USD pair saw a short-term period of consolidation below $28.73 level that was later dropped below $27.35 that confirmed the downtrend.  The RSI indicator was also seen at 15:00 and at 0000h below level 30 that indicated the oversold market condition.  The dip in BNB price has affected investors sentiments negatively that led to lack of confidence in the coin as reflected by the RSI indicator that is currently trading flat.  This also showed a lack of momentum in the market. Additionally, neither the bulls nor the bears have currently the upper hand. Binance Coin Price Prediction The 21 day MA is still above the 7 day MA that indicates a bearish signal.  A further downtrend is to be expected. New targets should be set at $26.1860. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post Stellar, EOS and Binance Coin Price Prediction and Analysis for July 17th; XLM, EOS, BNB appeared first on NullTX.
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