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Why Stellar Overtook Bitcoin Cash During The Crash

Stellar (XLM) recently overtook Bitcoin Cash (BCH) in market cap. This makes it the second coin to have gained in some way from the recent meltdown. The first coin is Ripple (XRP) which took the correction as an opportunity to wage war against Ethereum (ETH). So, Ripple (XRP) ended up replacing Ethereum (ETH) as the second largest coin by market cap and Stellar (XLM) ended up replacing Bitcoin Cash (BCH) as the fourth largest coin by market cap. Now, there is a reason why both of these coins moved against Ethereum (ETH) and Bitcoin Cash (BCH). A lot of investors...

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Ethereum Classic (ETC) Bears Haven’t Been This Confident In Weeks

The recent market selloff has once again pumped some life into Ethereum Classic (ETC) bears that were long presumed dead. The above daily chart for ETCUSDShorts presents a strong bearish setup. When the number of shorts plunged below the trend line, it was expected to create some fear among the bears because significant selloff was likely to follow. However, the recent market meltdown has led to an increased number of bears shorting Ethereum Classic (ETC) once again. The number of shorts is up more than 25% for the day but it has yet to test the trend line. That being...

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Bitcoin (BTC): Bullish Resolve Obliterated As Panic Selling Ensues

Bitcoin (BTC) has been on a dumping spree the past48 hours. Investors and traders have been busy panic selling to strong hands that anticipated the final capitulation a long time ago. The unfortunate reality is that to most retail traders, Bitcoin (BTC) appeared to have been in a free fall after it broke the critical $5,800 level. After yesterday’s sell off, most of them were looking for a bounce to sell into. When that bounce did not occur, they kept panic selling during today’s sell off. It might appear as though Bitcoin (BTC) broke the support and violated all technical...

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Ripple (XRP)’s Resilience Astounds Cryptocurrency Investors

Ripple (XRP) investors are truly one of the most loyal investors any market has ever seen. The way the price has defended against potential falls in the face of market meltdowns is completely astounding. In fact, most Bitcoin (BTC) maximalists would like to see Bitcoin (BTC) demonstrate this kind of resilience. However, while Bitcoin (BTC) price is influenced by all kinds of investors and whales who would dump a ton of coins on exchanges to turn in a quick profit or liquidate some positions, XRP investors are mostly hodlers. This has to do with the particular class of investors that...

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Ethereum Finally Gaps Down To Successfully Retest Historical Support

Ethereum (ETH) has finally completed a gap down. Most retail investors often seem to not care much about such minute details but investors who are risking millions of dollars have to be careful. If we look carefully at the ETH/USD weekly chart we can see that the last green candle that attempted to retest the support left a small gap after it recovered. The average investor took this as a sign of recovery and thus was quick to enter buy positions or worse, leveraged buy positions. However, the whales or big investors had their eyes on this gap. So, when...

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