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Ripple (XRP) Falls Below 50 Day EMA Lowering Probability Of A Golden Cross

Ripple (XRP) has declined below the 50 day exponential moving average and has once again shown extreme weakness in the face of oversold trading conditions on the daily time frame. The 1D chart for XRP/USD shows that Ripple (XRP)’s Stochastic RSI is near oversold territory on the daily time frame. The RSI has also found support atop a long term trend line that extends back to December, 2018. Normally, this would mean that Ripple (XRP) is in a good position to stage an effective comeback from current levels but the price action this time is very weak and it appears...

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Binance Report: Is The Worst Over?

With Bitcoin flying the past few weeks, a lot of people have argued that it has finally found its bottom. The popular Binance exchange has released a comprehensive report on the state of the crypto market. They have found that the worst for the space is most likely over which indicates that from here on out it’s going to be all green with prices flying high. Of course, this is news for investors and traders who are eager to see blockchain technology reach mainstream appeal. The Binance report states: “Having emerged from a period of the highest internal correlations in...

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Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been...

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When Will Crypto Overtake Cash?

Picture this. One day, in the not so distant future, cash will disappear and be a thing of the past. But without cash, what do we then rely on to pay for our day to day items? There are two routes that can be taken, one of which is already being done in across a lot of nations, credit card/debit card payments. So for example, people could leave their wallets at home and just bring their cards out with them instead. The other route is cryptocurrency. The first route is something that we are very much on, with contactless payment...

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France Encouraging EU to Adopt THEIR Crypto Regulations

Even though France is going through a tough time right now with the recent fire breaking out in the Notre-Dame cathedral, the French Finance Minister, Bruno Le Maire, is reportedly persuading other members of the European Union to adopt cryptocurrency regulations in a similar sense to its own. The new legislation in question is one where lawmakers in France have allowed cryptocurrency operators to run their operations, with the caveat that they apply for a certification that would allow authorities to determine the issuer of a new token or the creators of an exchange. Furthermore, they will be able to...

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