Crypto Event Announcements: August 20, 2018

Crypto Event Announcements: August 20, 2018

Don't forget to mark this date on your calendar: pay attention to Ripple, Ethereum Classic and ZCoin.

XRP [XRP] and Ethereum Classic [ETC] USD markets has been opened on Bittrex since August 20, 2018

Both the XRP and Ethereum Classic community have been waiting for this day ever since the announcement was made by Bittrex. Bittrex stated that launching the coins with USD pairing will allow users to buy the cryptocurrency directly with fiat currency. The main focus is to create a USD market which is available only on the platform.

ZCoin (XZC) is listed on HuobiPro Exchange on August 20, 2018

Zcoin (XZC) was launched on Huobi Pro on August 15, 2018. Deposits are available from 14:30, August 17, 2018. XZC/BTC and XZC/ETH trading are available at New Zone from 15:00, August 20, 2018 (GMT+8). Withdrawals will be available from 14:30, August 21, 2018.

XRP

0.4543 USD
-4.39%

ETC

8.24 USD
-8.53%

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Ethereum Classic Developers Focus on Atlantis, Failure Could See ETC Prices Halve

Ethereum Classic (ETC) down 4.7 percent Interoperability through Atlantis could be the shot in the arm for ETC bulls Atlantis will signal the beginning of Ethereum Classic-Ethereum interoperability. Beneficial for both networks, ETC prices will likely edge higher. That’s despite the overwhelming sell pressure threatening to drive prices to $3. Ethereum Classic Price Analysis Fundamentals As long as blockchain transactions are collaborative and on-chain, solving scalability related frictions will always be daunting. For now, there is progress. Different networks with varying objectives are implementing solutions they see fit. Of the many, Ethereum classic is diverging. Their first aim is to be interoperable with Ethereum for it to be competitive in the dApp arena. Luckily, Vitalik and team are already in advanced stages, trudging towards the ideal Ethereum 2.0. Then, the network would be scalable by several orders. However, the immediate and the most pressing task at hand- and which analysts interpret as bullish for ETC, is the decision of Vitalik and team to rope in other networks for temporary scalability fixes. Ethereum, as a dominant smart contracting platform, is struggling. There is even a level of desperation, according to observers, when Vitalik proposes Bitcoin Cash blockchain to scale Ethereum. All the same, Ethereum Classic and Ethereum interoperability implementation via the Atlantis hard fork in September will be massive. While the developer community is hard at work with Atlantis, ETC Labs-the incubator of Ethereum Classic blockchain will be collaborating with Metronome towards the interoperability goal. Candlestick Arrangements Presently, ETC is down the liquidity leader board but trading 4.8 percent higher from last week’s close. Nonetheless, the coin is down 2.6 percent in 24 hours. From the chart, it is evident that ETC is under pressure. The status of the currency is even clearer from the weekly chart. There, ETC is trading within a bear break out pattern against the USD with an important reaction point at $10. As it is, ETC is at the third phase of a typical breakout pattern: The trend continuation phase. Reaffirming this and confirming the retest from $10 was the three-bar bear reversal pattern by the week ending June 30. After that, the week ending July 14 bear candlestick cemented bears’ position. Therefore, while ETC could edge higher because of Atlantis, sellers have the upper hand from an effort versus result point of view. To that end, every high is a selling opportunity with the first target at $3. However, any reaction, rejecting lower prices lifting ETC above the week ending July 14 extensive candlestick could spur further demand to $10 canceling this trade plan. Technical Indicators Because of this candlestick arrangement, week ending June 30 bear candlestick anchors this trade plan. It has high trade volumes of 2.5 million. As a result, for bulls to be in charge, the reversal of week ending July 14 losses ought to be with high participation surpassing 2.5 million. Chart courtesy of Trading View. Image Courtesy of Shutterstock Ethereum Classic Developers Focus on Atlantis, Failure Could See ETC Prices Halve was last modified: July 23rd, 2019 by Dalmas NgetichThe post Ethereum Classic Developers Focus on Atlantis, Failure Could See ETC Prices Halve appeared first on NewsBTC.
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