Cardano's cryptocurrency (ADA) reached a high price level of $ 0.082 last week, but the bulls lost advantage and could not push the price even higher. As a result, the bears quickly took control of the situation. A further increase in pressure of bears led to the fact that the zone of demand fell to $ 0.078. The price has formed a “descending triangle” on the four-hour chart. The 21-day EMA and the 50-day EMA are closely related as proof of market ranking. The price of the ADA is trading below the 21-day EMA and the 50-day EMA, which…
Author: BlockchainJournal
Throughout the current week, the cryptocurrency market is declining. For the time being, the medium-term technical picture describes the state of the market as consolidation or “side-facing”. A prolonged lateral movement in the near future may result in a breakdown of the lower boundary. In other words, the market is almost “ripe” to complete the correction and continue the development of the downtrend. A further RoboForex analyst Dmitry Gurkovsky talks about further possible scenarios for the price movement of several popular altcoins. Bitcoin Cash The current technical picture of Bitcoin Cash speaks about the development of a local downtrend to…
In the extremely volatile world of cryptocurrency, you should always keep abreast of and follow developments in the industry. Since we often have to make decisions on the go, it is important to have all the trading and investment tools at hand. Here is a list of the four best applications that will make cryptocurrency trading easier and more convenient. Blockfolio The free Blockfolio app, designed to track users of their cryptocurrency portfolios, supports over 3,000 existing cryptocurrencies on more than 250 exchanges, including: Users can follow changes in the rate of any currency in their portfolio – 0x, Monero,…
On Wednesday, November 14, the cryptocurrency market continued the decline begun at the beginning of the week, losing a total of about $ 7 billion in capitalization over the past 24 hours. The price of Bitcoin at the same time on a number of exchanges dropped below $ 6,200, thus returning to the mid-October figures. So, as can be seen on the graph below, the Bitcoin rate on Bitstamp earlier today fell to $ 6146. The weighted average rate, however, due to higher prices on exchanges like Bitfinex ($ 6365 at the time of publication), is at the level of…
Nowadays, cryptocurrency is far from its best indicators, because the Bitcoin exchange rate is at around $ 6000. Many users have already lost about 80% of the market value of assets, some digital coins have disappeared. But perhaps this development of the industry is exactly what we need for a big step forward. The foundation of cryptocurrency development: getting rid of the scam ICO and developing technology So says columnist Crypto Bloomberg , a professor of economics at George Mason University in the United States, Tyler Cowan. He expressed the opinion that the cryptocurrency sphere has become more mature, and,…
Central banks around the world should consider issuing digital currencies, said the head of the International Monetary Fund (IMF), Christine Lagarde, on Tuesday, November 12 in Singapore. Reported by the BBC. According to her, digital currencies will help make transactions more secure. “I think we should consider the possibility of issuing digital currencies. The benefits are obvious. Your payment must be immediate, secure, cheap and potentially semi-anonymous. And central banks will retain their role in making such payments, ”said Lagard. She also noted that the central banks of Canada, China, Sweden and Uruguay are already “seriously considering” the possibility of…
DPoS (Delegated Proof-of-Stake) is a consensus algorithm first developed by Dan Larimer in 2013 for his BitShares project. This protocol is also called the form of “digital democracy”. The difference between DPoS and PoS is in the division of network participants into block producers and voters. In other words, not all EOS coin holders can be directly involved in the creation of blocks. In order to become a validator, a network member must fulfill two conditions: Have sufficient technical capacity to maintain the smooth operation of the node 24/7. Maintain an impeccable reputation and spend resources on forming a community…
Experienced traders have already noticed a token such as MobileGO . With the fall of all the major players in the cryptocurrency market, MobileGO seeks to increase – 157% growth over the year. In the Market Cap Rating, MGO occupies 135 position, and recently it was in the hundreds of capitalization leaders. It is quite natural that the token and the team behind it became interested. MobileGO history Behind the MobileGO token is the team responsible for launching the GAME coin back in 2014. The developers worked in the field of the gaming industry and planned to improve it by…
In recent days, Stellar Lumens' market capitalization (XML) has grown from $ 4.81 billion to $ 5 billion. Earlier, in fifth place in the CoinMarketCap ranking, there was an EOS token with a market capitalization of 5.11 billion dollars, but after reducing it to 4.8 billion US dollars, EOS was forced to sacrifice its place of XML. Such an unexpected increase in market capitalization XLM was observed after the recent announcements about listing on Blockchain.com and Coinbase. It is worth noting that last week, representatives of Blockchain.com announced the largest “airdrop” cryptocurrency, in which the company will distribute digital…
Mobile application Circle Invest intends to attract new users in a bear market by distributing cryptocurrency. Thus, those who fulfill the necessary conditions will receive one of the cryptocurrencies presented on the platform 10 days after the end of November and 10 days after the end of December. It’s a bit of a bitcoin! #Bitcoinbonanza #cryptocrazy https://t.co/up4e7343gM – Circle Invest (@circleinvest) November 12, 2018 Users simply need to download an application for iOS or Android, make a first investment and publish a tweet about it, and then wait for a gift cryptocurrency, which may even be Bitcoin. Recall the full…