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Neo (NEO) Decentralization Move Brightens Up Its Future Prospects

Neo (NEO) price shot up to join the top 10 league soon after its announcement of electing a consensus node. This move comes at a time when critics, despite being aware of Neo (NEO)’s superior technology as the “Chinese Ethereum”, have often attacked the project for being too centralized. One aspect of this perception is Neo (NEO)’s link to China as everything connected to China is seen as centralized or controlled in some way. Regardless of that perception, Neo (NEO) may not have been a decentralized coin but it was no more centralized than most other blockchain projects are. The...

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Stellar (XLM) Continues To Attract New Investors While Ripple (XRP) Struggles With Security Status

Investors in the digital payments industry have turned their attention to Stellar (XLM) as Ripple (XRP) just got served with another lawsuit concerning its legal status as a potential security. Stellar (XLM) has had a promising partner in IBM for quite some time now. With rumors that IBM is going to launch its own cryptocurrency using the Stellar blockchain, interest in this cryptocurrency has grown tremendously despite weak price action and a near term bearish outlook. Stellar Lumens (XLM) is still trading in a falling wedge against USD as can be seen above on the 1D chart. The price action...

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Ethereum (ETH) Price Action Hints Market Correction Not Over Yet

Ethereum (ETH) has been trading in a bullish channel since the previous bull market. It touched the bottom of this channel at the beginning of 2017 and then touched the top of this channel twice, once in June 2017 and then again in late January 2018. After that, the price has continued to fall continuously, but has yet to touch the bottom of the channel. In April this year, the price made an attempt to reverse in the wake of an expected altcoin rally but negative Bitcoin (BTC) price action soon dragged the price down. At this point, there is...

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Why Bitcoin (BTC) Could Be Repeating 2013 And 2014 At The Same Time

Last week was critical for Bitcoin (BTC) because it could have closed below the 21 EMA for the first time since 2016. This would also have invalidated a 2013 styled bullish view and pushed Bitcoin (BTC) into a bear market for a long time. However, fortunately for Bitcoin (BTC) none of that happened as the price bounced off the 21 EM and closed a monthly candle above it, affirming a bullish view. So, far Bitcoin (BTC) seems to be repeating a 2013 styled price action which is a 2 years bull run, comprising of two segments. Bitcoin (BTC) has already...

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Ethereum Classic (ETC) On Track To Triple Digits By End Of The Year

Ethereum Classic (ETC) has recently shown signs of strength after positive news from Coinbase. If it were not for these news, Ethereum Classic (ETC) would most likely have broken market structure and would be lagging behind in the altcoin run this year, same as it did last year. However, the announcement from Coinbase stating that it will list Ethereum Classic (ETC) in the months ahead, translated into an unprecedented positive sentiment for Ethereum Classic (ETC). It is one of the few major cryptocurrencies that still appear bullish on the weekly chart. Ethereum Classic (ETC)’s EMA alignment appears bullish but in...

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