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Market Update - BTC And ETH Crashing, XRP Finding Balance

Last weeks optimism has well and truly vanished. We start August on a very negative note. The markets are down, values are falling and overall, everything is a little bit disappointing. After almost two weeks of positive movements, we finally saw, for the first time in a number of months, various cryptocurrencies moving back up towards their April highs, back on the road to recovery. This week however started off with a downwards pulse, a pulse that has continued to drag prices down. We can’t yet tell if todays standings are down to heavy correction or something more serious so...

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2020 Trump Rival Will Use BTC, ETH And ERC20 To Fund Presidential Campaign

2020, two years from now and time for another presidential election in the United States. Now as we know, the current president, Donald Trump, is able to run for a second term in office, assuming nobody from the Republicans successfully takes the top spot from him. US politics are quite complicated, though the premise of it is that there are two main parties, the Republicans and the Democrats plus the chance for independants to run too. This latest news highlights a new candidate for the Democrats, who is alleged to be accepting cryptocurrency payments in order to help fund his...

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Ethereum (ETH) Completes Weekly Bearish Cycle, Green Days Ahead

Ethereum (ETH) has just completed a weekly bearish cycle that started in May. The cycle comprised of 9 red candles as can be seen on the ETH/BTC chart above. The last time this happened, we found the next few weeks to be green. Before, the correction when Ethereum (ETH) completed 9 red candles, we saw a big run up to its all time high against Bitcoin (BTC). Ethereum (ETH) is once again in a similar position it is poised to break out of its downtrend resistance in the next few weeks. RSI for ETH/BTC has reached critical levels. This means...

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IOTA, Nxt And Ethereum Have Given Investors The Biggest Returns Last Year

A new report by Cointelegraph discusses some exclusive findings by a Crypto Finance Conference analyst which shows the top three cryptocurrency projects for investor returns in 2017. The data stems from research into projects that managed to raise a minimum of $1 million in 2017. From this, the analyst has trawled through data to work out exactly what sort of return the project could have potentially made investors and, from their findings, has compiled a list of the top three cryptocurrencies. You can see the full article for yourself, here. According to Cointelegraph, the rankings are as follows; In first...

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Ethereum (ETH) Price Action Confirms Altcoin Downtrend Not Yet Broken

Ethereum (ETH) continues to be in a strong downtrend on the ETH/USD daily chart, having faced a rejection at the upper limit of the resistance line in May. The price has yet to find a bottom but it is getting closer to the lower limit of the ascending channel. If Ethereum (ETH) continues to trade at its current pace, it is likely to find a bottom around September at the latest. Ethereum (ETH) being the largest cryptocurrency platform and the second largest coin by market cap also serves as an indicator of the price action of the rest of the...

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