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Cardano (ADA) Hits Rock Bottom, Eyes Trend Reversal

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency has already completed its correction and formed a bottom. RSI conditions for ADA/BTC still show price action to be in downtrend even as it trades under oversold conditions. The VIX profile for the same ADA/BTC weekly chart also shows a strong sign of a bottom formation. The four consecutive green bars visible on the above chart confirm that Cardano (ADA) has formed a strong bottom and is now ready for a trend reversal. Cardano (ADA) has so far respected lower limits of the pitchfork it is trading in. The price entered the lowest half of the pitchfork in June and is expected to continue to trade in this half until a trend reversal kicks in. Cardano (ADA) has a history o...

HTC Release Blockchain Phone Named Exodus

A new mobile phone has been announced by HTC which has been dubbed the Exodus. The phone is designed to handle blockchain applications. However, if you want this phone there is a catch… you can only buy the phone in the digital currency. To the naked eye, the device is just a standard Android phone however, it also acts as a node on the HTC blockchain and has its own cryptocurrency wallet called Zion. The wallet has a social recovery feature in case the phone is lost,meaning that selected contacts can vouch for the user. Phil Chen, the CEO over at HTC said: “Think of it as a micro OS that runs in parallel with Android. It basically is a wallet, but the wallet, what it does is hold your private keys.” Chen sees this project as a way of taking power back from companies like Google, Fac...

In Two Years The Market Could Be Worth $2 Trillion

Whereas right now, the prices aren’t exactly great it doesn’t necessarily mean that the market won’t rally soon. A fund manager believes that a rally could see 10x growth could happen in two years if the right conditions are properly met. Over $200 billion is the price of the current total capitalisation of the cryptocurrency market is way below it’s all-time high when it reached $818 billion on 7th January this year according to data from CoinMarketCap. While previous predictions of a huge market rally after January’s massive correction haven’t yet materialised market players are still overwhelmingly optimistic that an upturn might happen. The latest market prediction seems to be bolder than the rest. The co-chief investment officer at Pantera Capital, Joey Krug recently revealed in...

Is Ethereum (ETH) In Legal Trouble?

Chart for ETH/USD (1W) Ethereum (ETH) had been under a lot of heat from regulatory bodies over its status as a noncompliant security. While this debate may not have much weight in the case of other cryptocurrencies, it holds a lot of significance in the case of Ethereum (ETH) owing to a sale of 60 million ether tokens by The Ethereum Foundation in July 2014. This sale raised 31,000 Bitcoin (BTC) valued at around $18 million. As the sale can be deemed a speculative launch that could lead to an increase in the value of Ethereum (ETH), this deal can be classified as an instance of security offering. Just recently, Ethereum (ETH) was dealing with problems at home, rising from disagreements among developers over EIP999 which also created rumors of a hard fork in case a deadlock is reached with ...

Litecoin Is Looking To Take The Top Spot From Bitcoin

  Listen Here – https://soundcloud.com/cryptodaily/litecoin-news-that-you-need-to-hear The Litecoin Foundation, led by Charlie Lee and the team behind Litecoin have made a very exciting announcement recently, one that promises to bolster the use and reputation of Litecoin for sometime to come. As many of you will already know, Litecoin looks to improve on many of Bitcoin’s problems. Litecoin promises a faster network with cheaper transaction fees. The latest update promises to improve on this, making Litecoin cheaper and quicker than ever before. Litecoin Fees to lower by 10x in next Core Release.@thrasher_au @LitecoinProject #Litecoin https://t.co/AAkBdzZkMr — Litecoin.Com (@LitecoinDotCom) October 19, 2018 Last week, Litecoin.com took to Medium to discuss the full details of this ...

CoinStats Introduces A New Crypto Community Without Scams

CoinStats launches CoinStats Direct — An exclusive crypto chat for coin investors and coin teams. CoinStats is the number one place for cryptocurrency news, featuring articles from ourselves here at Crypto Daily. With their latest announcement, CoinStats are set to revolutionise the way the cryptocurrency community communicates, with the introduction of CoinStats Direct, a new chat feature setup to help crypto-fanatics communicate. CoinStats Direct is a crypto chat community for each specific cryptocurrency within CoinStats. Users can jump in, post questions, and have conversations with other coin owners about coins they are interested in. CoinStats is also introducing features for cryptocurrency teams to be able to post updates, product roadmaps, and answer top voted questions right from ...

The Healthy Competition Between ETH & TRX

There’s always competition happening every day, whether it’s in a football game or similar. Blockchain projects should use the same competitive attitude to push the boundaries on what they could achieve. As enthusiasts of the industry, we can be guilty of being biased towards blockchain projects and certain coins. I think we can all admit we’ve been a little tribal as described by Michael Casey from CoinDesk. We want crypto projects and coins alike to thrive at the expense of one another. Ethereum and TRON are great examples of a classic rivalry which is actually healthier than you thought. ETH vs TRX is a good rivalry between some of the biggest and brightest minds. How TRON benefits Ethereum Many enthusiasts have accused Justin Sun of taking a ‘few’ ideas from Ethereum. Despite this, the...

CoinMarketApp Crypto Giveaway

CoinMarketApp by PrograMonks is a popular app among crypto enthusiasts where all the charts, crypto news and coin details are in one place for your ease. You can also get alerts on over 1000 digital currencies so make sure you keep those notifications on to keep updated on your investments! Now, the app is doing a crypto giveaway for its users in which you can win up to $300 worth of either Bitcoin, Ethereum, Ethereum Classic, Litecoin or Bitcoin Cash. For third place, you will win $100, second place will get you $200 and first will win you $300 worth of any of the aforementioned digital currencies. There several ways to enter the giveaway, all of which are based on a simple ‘points’ system. Some of the way you can enter include: Like CoinMarketApp on Facebook – +10 Like PrograMonks ...

Why Lisk (LSK) Is A Rip-Off Below $3

Chart for LSK/USD (1W) Lisk (LSK) is the popular fork of a cryptocurrency known as Crypti. The ambitious cofounder of Lisk, Max Koredk created the fork version to build his own blockchain for smart contracts and Dapp development. This happened in 2016, the same year Microsoft partnered up with the project for help with its Microsoft Azure Service. Lisk (LSK) recently lost its place in the top 20 league but we believe that is temporary as Lisk (LSK) is a coin with immense potential. The basic purpose of Lisk (LSK) is to enable even non tech entrepreneurs to build their own decentralized application on top of the Lisk platform. The interface is extremely user friendly and very easy to use. What separates Lisk (LSK) from competitors like Ethereum (ETH) is that it uses side chains. Presently w...

What Is In Store For Cardano’s Future

The CEO of IOHK Charles Hoskinson has confirmed on several occasions that IOHK is fully funded to complete all planned development until at least 2020. In the latest statement by the CEO, he added that due to the appreciation of Bitcoin, IOHK and Emurgo are sufficiently funded to commit to the additional roles too. Due to this, the loss of access to the ICO funds and ADA allocation of the Cardano Foundation shouldn’t 100% limit the over the development of Cardano. An open letter by IOHK and Emurgo also described the Foundation’s statements that it owned the trademark for Cardano were incorrect. If it was right then IOHK and Emurgo will be able to just continue to develop the technology and brand as originally planned, supported by the newly hired personnel which will perform the tasks that...

Here’s Why Tesla Should Work With Bitcoin

Ever since Bitcoin and the crypto space was made mainstream through the media mid last year, many investors and enthusiasts of the industry have been splashing their cash on items of luxury such as Lamborghinis, Rolex watches and so on. During this time, the words on everyone’s lips were ‘When Lambo?’ The phrase was used to indicate the need for a digital currency to make massive gains so that the owner of the assets would sell them to buy a Lambo. But what about Tesla? The dream to own a Lamborghini has since been put on hold by several crypto fanatics due to the state of the current bear market. The luxury vehicle costs on average of around quarter of a million to half a million USD. The idea of switching from Lambo to Tesla was provided courtesy of its CEO, Elon Musk who responded to a ...

DCR Surges 25% After Being Listed On Binance

Imagine all the altcoins that wish they could get listed on the biggest exchanges like Coinbase and Huobi. But the biggest exchange is Binance and so for an altcoin to get on there must be a magnificent boost for the coin. The latest listing to get on the aforementioned crypto exchange is Decred and while the rest of the market is still in a tough spot, Decred seems to have shot for the stars. According to CoinMarketCap, DCR has surged by nearly 25% in less than two hours after the announcement and it is currently trading at $48.06 at the time of writing. This is its highest price since earlier in August this year. In the announcement it stated: “Binance will open trading for DCR/BNB and DCR/BTC trading pairs at 2018/10/24 04:00 AM (UTC). Users can now start depositing DCR in preparation f...