Ethereum Price Analysis Nov.18: Looks like a correction before the next wave

After last week’s massive collapse where $20 billion worth of cryptos evaporated from the total market capitalization, bulls step in an attempt to hold the price above the support level. Bitcoin is currently holding the $5,500 price level, and ETH is presently maintaining the $174 price level. What we see is the most likely type of a temporary correction upward, in...

Bitcoin Price Analysis Nov.18: A recess ahead of the storm?

Over the past days since our latest price analysis and overview, we saw Bitcoin consolidating around the $5400 – $5500 range. As we can see, the current high since the severe drop lies at $5620 which is precisely where Fibonacci retracement level of %38.2. This is the first significant resistance area before a possible correction. Along with our long-term prediction,...

HODL: World’s First Crypto ETF Goes Live Next Week

The crypto community will finally welcome the first Exchange Traded Product (ETP) to be listed on a traditional stock exchange early next week, and it is happening in Switzerland. The landmark derivative was designed by a crypto startup, Amun AG, and will start trading on Six Swiss Exchange, Europe’s Fourth largest Stock Exchange with a market cap of over $1.6...

Ripple XRP Price Analysis Nov.16: Bearish despite the positive news?

Ripple is trading in a descending channel between the low of $0.45 and the high of $0.55 price levels. As the selling pressure increases, the market continues in a down-trend XRPUSD Short-term Trend: Bearish As long as selling pressure is enormous, the XRP price will have difficulties. The appearance of the Short-term trend is directing in a falling wedge pattern is...

SEC Orders AirToken and Paragon To Refund ICO Investors: AirToken Gained 70%

AirToken’s price has just experienced a huge surge, over 70% in a matter of two hours. The cryptocurrency’s price spiked soon after the U.S. Securities and Exchanges Commission (SEC) ordered the company (Airfox) along with Paragon to refund all of their investors. As of now, the gains have decreased to 25%. Not complying with the federal securities laws According to the...

The Downfall of a Stablecoin: Tether’s Long History of Scandals

TL;DR During Tether’s four year history, it has been constantly beset with numerous scandals. In April 2017, Wells Fargo suspended its services for Bitfinex and Tether, causing a temporary freeze of wire transfers for the two companies. A third-party audit firm has never conducted a full audit onTether In May 2016, the Paradise Paper leak revealed that Tether and Bitfinex share the same...

Ethereum Price Analysis Nov.15: Will Support Hold?

After long months of sideways consolidation, the market has finally chosen a direction, and as it appears the bears have won the battle. BTC has lost more than 14% in the past two days, and all of the other altcoins are following in even worse drops. The total market crypto market capitalization has declined to as low as $176 B. Pay...

Ripple’s New Partner: CIMB Malaysia Join’s Ripple’s Cross-Border Payments

TL;DR Malaysia based CIMB Group has announced a new partnership with Ripple. The partnership will revolve around the use of Ripple’s xCurrent product, to improve and expand CIMB’s services in and beyond of ASEAN region. However, this service agreement will not be using XRP cryptocurrency as of now. Malaysia-based CIMB Group, which is one of the largest banking groups and money lenders in...

TRON’s First Decentralized Exchange Goes Live

A new announcement made by TRON’s founder, Justin Sun, stated that TRON’s first decentralized exchange has just gone live. TRX Market mainly trades pairs including Tron and its Dapps. Tron’s new TRX Market The exchange is currently offering several trading pairs, including dice/TRX, ton/TRX, IGG/TRX, WIN/TRX, CryptoDivaFund/TRX, TWX/TRX, TronWatchMarket/TRX, SEED/TRX, CryptoGuyInZA/TRX, and CryptoChain/TRX. The above are Dapps on Tron; it will...

Bitcoin Price Analysis & Yearly Overview Nov.15: Where will this stop?

Since around April 2018, Bitcoin had been forming a bearish triangle, with a bottom around $5700 – $5800. Such triangles are very likely to break down. There is less chance that they will break up. But as 2018 months went on, and Bitcoin was attempting to break down the triangle four times, we warned just yesterday (BTC was ~$6200)...