Sentimental Analysis for Cryptocurrencies- February 10

Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading. Although most of the sentiment is derived from the sentiment of the Bitcoin- the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment.
Bitcoin Sentimental Analysis
As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening

Analysis Type
Tool
Analysis- Score
Sentiment

#BTC – Hashtag Analysis
Keyhole
Score: 92
Positives: 54.7 %
Negative: 4.2%
Neutral- 41.1%
Positive to Neutral- Positives rising

#BTC- Social Media Mentions
Social Mention
Sentiment 8:1 in favor of positives
With 15 scores towards neutral and 172 in favor of Positives
Positive to Neutral

Fear to Greed Index
Alternative.me
Score 42–Fear
Negative

Fear to Greed Index
CNN Money
Score 61 -Greed
Positive

 
So Bitcoin is forming a base close to 3600 and that is what keeps the sentiment neutral to positive. The greed and fear indexes are still showing divergent views of fear and greed indicating the non-decisiveness and cautiousness in the market all though things are improving
Altcoin Sentimental Analysis
Fear and Greed index is only available for BTC as not may altcoins have all components required to calculate it

Altcoin
Keyhole #  analysis
Social Mention
Sentiment

ETH- Ethereum
Score – 89
38.2% Positive
4.4% Negative
57.4%- Neutral
15:1 towards Positives
Neutral 62
Neutral to Positive- Positive rising

XRP- Ripple
Score 90
23..7% Positive
2.6% Negative
73.7% neutral
2:1 towards Positives
Neutral 108
Neutral to Positive, Neutrals rising

BCH- Bitcoin Cash
Score 80
29.6 % Positive
7% Negative
63.4% Neutral
7:0 towards positives
Neutral 19
Neutral to Positive- Neutrality rising

EOS
Score 91
21.2% Positive
1.9% Negative
76.9%- Neutral
8:1 towards positives
Neutral 100
Neutral to Positive-
Neutral rising

XLM-Stellar
Score 95
43.4% Positive
1.9% Negative
54.7% Neutral
1:1 towards positives
Neutral 148
Neutral

 
Sentiment for most of the altcoin has been neutral to positive as most coins remain range bound. The only standout here is Ethereum which has seen some sharp rise in price due to some positive sentiment. XLM has gone extreme flat on sentiment turning neutral completely.
Will this sentiment actually pull back the prices? Do let us know your views on the same.
The post Sentimental Analysis for Cryptocurrencies- February 10 appeared first on Coingape.
Source: CoinGape

Another Hard Fork Coming for Monero [XMR]? Analysis says ASIC Dominates Monero Hashrate

According to the latest analysis, Monero, the privacy-focused cryptocurrency which is known for using ring signatures to obfuscate the actual sender of a transaction is dominated by ASICs, and if it is indeed correct, Monero community would have to make a decision, once more.
In the analysis performed by MoneroCrusher, a pseudo-anonymous user suggests that 85 percent of the Monero network is mined through ASICs. The author notes that nonce distribution due to some reason was not chosen in a random fashion as it should be, a random number between 0 and 2^32.

“Once the April fork kicked in you can instantly see the hashrate dropping dramatically and the thick white stripes gone instantaneously. Thus we can conclude that the thick white stripes were nonces picked by pre-fork specialized hardware or in simpler terms: ASICs.”
Now, the author says on the basis of the analysis, the ASICs did not choose nones randomly rather intentionally tried to conceal them by selecting the pattern that existed before ASIC. But with ASICs dominating the Monero mining, it became obvious that a large number of blocks were producing a distinct pattern.
ASIC Manufacturers Got Smart
Back in April, last year, Monero had a hard fork and implemented a new algorithm to prevent ASIC domination. At that time, the hashrate dropped dramatically and ASIC domination could be seen but within a few days the hashrate went up again to about 480 Megahashes per second.
Moving to June, the author says, specialized hardware came online again that was barely noticeable.
“There’s a “wall” of suddenly increased randomness, meaning that the ASIC manufacturers had learned from past mistakes and implemented random nonce picking. The thing is that in its decentralized, “natural” state, the nonce picking in the Monero network isn’t that random.”
As ASICs became more dominated as evident from the “over-randomness” and GPU miners left for more profitable networks.
In December, there has been a sudden increase of nonces in the sub 1.342*10⁹ area while other areas decreased dramatically meaning small mining operations get shut off, “while all the network hashrate centralizes in the hands of the ASIC owner(s).”
“At the time of writing the network hashrate has increased to 810 Mh/s or 255% since the first signs of the ASICs at the end of December 2018, or approximately 40 days ago.”
The author concludes that “the current network hashrate likely consists of 85.2% ASICs (5400 ASIC machines) and some die-hard GPU miners and botnets.”
Although Monero is determined to remain ASIC resistant, many in the crypto space say the fight against ASIC miners won’t last long. ASIC may be inevitable and if they do have the 85 percent of the network hash rate, Monero community has to decide, if it will yet again go for the hard fork route.
The post Another Hard Fork Coming for Monero [XMR]? Analysis says ASIC Dominates Monero Hashrate appeared first on Coingape.
Source: CoinGape

Sentimental Analysis for Cryptocurrencies- January 25

Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading to. Although most of the sentiment is derived from the sentiment of the Bitcoin – the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment.
Bitcoin Sentimental Analysis
As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening

Analysis Type
Tool
Analysis- Score
Sentiment

#BTC – Hashtag Analysis
Keyhole
Score: 75
Positives: 23.3%
Negative: 12.7%
Neutral- 64.0%
Neutral moving to Neutrals rise

#BTC- Social Media Mentions
Social Mention
Sentiment 9:0 in favor of positives
With 46 scores towards neutral and 9 in favor of Positives
Neutrality raising

Fear to Greed Index
Alternative.me
Score 39–Fear
Neutral

Fear to Greed Index
CNN Money
Score 58 -Greed
Positive

Neutrality seems to be the theme with Bitcoin as the price has been stagnating around USD 3500. The Greed and fear index is slowly rising moving from extreme fear zone to more towards greed. Looks like the stability will continue unless some major setback is sighted in the coming week
Altcoin Sentimental Analysis
Fear and Greed index is only available for BTC as not may altcoins have all components required to calculate it

Altcoin
Keyhole #  analysis
Social Mention
Sentiment

ETH- Ethereum
Score – 82
27.3% Positive
5.7% Negative
67%- Neutral
15:1 towards Positives
Neutral 51
Neutral moving towards positive

XRP- Ripple
Score 84
31.8% Positive
5.6% Negative
62.6% neutral
12:0 towards Positives
Neutral 79
Neutral to Positive, Positive rising

BCH- Bitcoin Cash
Score 72
30.3 % Positive
11.6% Negative
58.2% Neutral
9:1 towards positives
Neutral 15
Neutral to Positive- Positives sneaking up

EOS
Score 84
32.1% Positive
6.0% Negative
61.9%- Neutral
10:1 towards positives
Neutral 134
Neutral to Positive-
Positives rising

XLM-Stellar
Score 92
44.1% Positive
3.8% Negative
52.2% Neutral
5:1 towards positives
Neutral 159
Neutral to Positive, Neutrals rising

 
All altcoins seem to be moving on the positive side apart from XLM which is seeing a bit of neutrality. With sentiment on the positive side, prices rise across altcoins could be sighted in the coming days.
Will this sentiment actually pull back the prices? Do let us know your views on the same.
 
The post Sentimental Analysis for Cryptocurrencies- January 25 appeared first on Coingape.
Source: CoinGape

Here’s Why Bitcoin Price Swings to $3,700 & Crypto Market Turns Green

Bitcoin and altcoins are seeing the greens between 2 to 5 percent range with Ethereum surging over 8 percent. The market turned green as Bakkt announced its first acquisition declaring they are not sitting idle while awaiting regulatory approval from CFTC. Meanwhile, Vontobel, a Swiss multi-billion dollar bank announced its entry into the crypto industry via custody services.
Bitcoin & Altcoins Turn Green
AT the time of writing, Bitcoin has been trading at $3,700 according to Coinmarketcap data with over 3 percent gains in the past 24-hours. The leading cryptocurrency is managing the daily trading volume of $5.5 billion.

Source: Coinmarketcap
Currently, the entire crypto market is seeing greens in tandem with Bitcoin as total market cap goes to $123 billion. About the surge in altcoins’ price, Joshua Frank, the co-founder of crypto analytics platform TheTIE.io stated,
“Interestingly, we saw that the sentiment of four of the five other largest cryptocurrencies: XRP, Ethereum, Bitcoin Cash, and EOS moved positive prior to the jump this morning. In the case of Bitcoin sentiment was actually pretty negative during the increase.”

Source: Coinmarketcap
Technical Analysis Favours the Greens
Apart from Bakkt and Vontobel, the technical analysis also supports the price rise as Mati Greenspan, the senior analyst at eToro shared,
“The support area between $3,000 and $3,500 is holding, just as we’ve been discussing these last few months.”
According to Jon Pearlstone, publisher of CryptoPatterns newsletter, though Bitcoin struggled with $3,500 on the weekend, it rose above this level on “solid volume” which he said showed “a successful retest of key support.” It could lead the cryptocurrency to “test higher resistance levels at $4000 and above,” he stated.
Bakkt Acquisition & Multi-Billion Dollar-Swiss Bank’s Entry into Crypto
The greens entered the market as Bakkt announced its first acquisition of “Rosenthal Collins Group (RCG), an independent futures commission merchant with nearly 100 years of earning clients’ trust.” This acquisition is to expand its risk management, compliance, and treasury operations.
According to Kelly Loeffler, this ensures that,
“We’re not standing still as we await regulatory approval by the CFTC for the launch of regulated trading in our crypto markets.”
Moreover, Vontobel, a Swiss multi-billion dollar bank officially announced its entry into the crypto custody business. Roger Studer, the Head of Vontobel Investment Banking stated,
“Digital Asset Vault represents the logical next step in the development of our range of services for digital assets. With our innovative strength and experience, we have thus closed the gap between existing and digital assets. By incorporating digital assets into our own banking infrastructure, we have also become the first provider to already meet the high standards required by financial intermediaries and their regulators.”
The post Here’s Why Bitcoin Price Swings to $3,700 & Crypto Market Turns Green appeared first on Coingape.
Source: CoinGape

Price Update: Bitcoin Facing Serious Risk of Crashing to $3K while Ethereum, Bitcoin Cash & Litecoin Down Over 6%

Bitcoin is down to $3,520 facing the real risk of crashing to $3k with bears being in full control. The entire crypto market is seeing red with market cap hitting $118 and the top cryptos losing between 5 to 8 percent except for Tron (TRX) which is still in the green.
Bitcoin Drops to $3,520
Bitcoin saw minimal activity on the weekend as the crypto market traded in the red. It’s been three days that the market has been falling. After dropping to $3,475 level on the weekend, Bitcoin is facing the risk of going back to the December low of $3,100 and further touching the $3k mark.
Just last week, Bitcoin dropped about 10 percent and looks like bears are pushing it even lower. At the time of writing, Bitcoin has been registering the 24-hours loss of more than 2 percent.
According to the data provided by TradingView, Bitcoin is trading near $3,520 on Coinbase, Bittrex, Bitstamp, and Gemini. While on Bitfinex, Bitcoin is changing hands at $3,610.

Source: TradingView
Analysts are predicting further losses where $3k is a real possibility for Bitcoin to hit bottom. Some are even expecting $1,750 as the lowest mark for the leading cryptocurrency this year. Bitcoin could test $3,266 moving forward and if weekly close stays below $3,250, a drop below $3,000 can become a reality.
Altcoins Crashing Hard
Bears have yet again taken the control of the market as the entire crypto market sees deep red with Litecoin, Bitcoin Cash, Cardano, and IOTA losing more than 6 percent of their value in just about 24-hours.
XRP is losing by about 3 percent just like Monero, Dash, and NEM. Ethereum, the 3rd largest cryptocurrency is getting hit hard just days before its much-awaited hard fork Constantinople. ETH is inching towards $100 yet again and past performance is not at all encouraging. Meanwhile, Ethereum classic has lost 5 percent of its value on the day.
 
Source Coin360.com
This has the total market capitalization losing about 4 billion of its value at $118 billion. However, the market cap has gained $2 billion during the day. Whereas, the trading volume of crypto is seeing a rise to $16.4 billion.

Source: Coinmarketcap
The only top cryptocurrency showing greens is Tron which surged over 10 percent at one point and now is up by about 4 percent.
Right now, the chances of recovery are looking slim and the only way seems to be down.
The post Price Update: Bitcoin Facing Serious Risk of Crashing to $3K while Ethereum, Bitcoin Cash & Litecoin Down Over 6% appeared first on Coingape.
Source: CoinGape

Sentimental Analysis: Extreme Fear for Bitcoin while Positives Rising for XLM and EOS

Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading to. Although most of the sentiment is derived from the sentiment of the Bitcoin- the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment.
Bitcoin Sentimental Analysis
As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening

Analysis Type
Tool
Analysis- Score
Sentiment

#BTC – Hashtag Analysis
Keyhole
Score: 72
Positives: 23.3%
Negative: 9.7%
Neutral- 66.0%
Neutrals rising

#BTC- Social Media Mentions
Social Mention
Sentiment 3:1 in favor of positives
With 170 scores towards neutral and 10 in favor of Positives
Neutrality rising

Fear to Greed Index
Alternative.me
Score 21–Extreme Fear
Negative

Fear to Greed Index
CNN Money
Score 30 – Fear
Negative

 
As Bitcoin is now below USD 4000 and hovers close to USD 3600, the fear on the street is still consistent. The two fear and greed index still show pretty high fear levels. But the other two social media analysis indicators show a rise in neutrality stating that the street is pretty much undecided where the coin would be heading to.
Altcoin Sentimental Analysis
Fear and Greed index is only available for BTC as not many altcoins have all components required to calculate it.

Altcoin
Keyhole #  analysis
Social Mention
Sentiment

ETH- Ethereum
Score – 82
27.3% Positive
5.7% Negative
67%- Neutral
16:1 towards Positives
Neutral 101
Neutral, Sharp rise in Positive

XRP- Ripple
Score 84
31.8% Positive
5.6% Negative
62.6% neutral
2:1 towards Positives
Neutral 171
Neutral to Positive, Neutrality rising

BCH- Bitcoin Cash
Score 72
30.3 % Positive
11.6% Negative
58.2% Neutral
3:1 towards positives
Neutral 116
Neutral to Positive- Positives sneaking up

EOS
Score 84
32.1% Positive
6.0% Negative
61.9%- Neutral
8:1 towards positives
Neutral 54
Neutral to Positive-
Positives rising

XLM-Stellar
Score 92
44.1% Positive
3.8% Negative
52.2% Neutral
17:1 towards positives
Neutral 176
Neutral to Positive, Positive rising

 
While XRP has again regained the No. 2 spot from Ethereum,  its sentiment still remains weak and has moved from positive to the neutral zone. Ethereum, that saw a sharp fall last week is getting ready for its Constantinople fork and is now building up some positive sentiment. The Ethereum effect is also seen on the other Altcoins with BCH, EOS, and XLM all showing some positivity.
Will this sentiment actually pull back the prices? Do let us know your views on the same.
 
The post Sentimental Analysis: Extreme Fear for Bitcoin while Positives Rising for XLM and EOS appeared first on Coingape.
Source: CoinGape

Crypto Daily: 10 Years To Bitcoin’s Genesis Block While Altcoins Grow Stronger in Sluggish Market

“This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro.  
Key Highlights:

Bitcoin celebrates its 10th Birthday
Bitcoin regains stability and remains range bound
Altcoins see some strength after being in the oversold territory for quite sometime

Happy 10th Birthday Bitcoin
October 31, 2008, and January 3, 2009, are two days that are significantly important in the history of cryptocurrencies- the first being when Satoshi Nakamoto circulated his paper explaining the idea of a decentralized currency that we call Bitcoin and, the second being when the paper was implemented and the first Bitcoin was born. Yes, today is the day when Bitcoin Block #0 was mined which lead to the foundation of a network and a currency that was about to change the way the world functions in years to come.
Its almost a decade and the nascent form of ‘money’ is doing wonders. It challenges the way money is being looked at and is also questioning the existence of centralized authorities that have ruled the world for quite some time now. In short, the evolution of bitcoin and blockchain over the last decade is remarkable that even Satoshi himself could not have imagined the impact of his work. Once again Happy Birthday Bitcoin!
Bitcoin holding steady while Altcoin’s rise sharply
Gains across most of the popular crypto assets were rather mild lately. It’s good to see bitcoin holding steady and this type of market setup is more typical during a bull run. While the bitcoin stays rangebound, surges in altcoins are suddenly getting more common. Not talking about  Paragon, a cannabis-related altcoin, that went from 16 cents to more than $10 and back within a few hours on Tuesday, but the actual serious altcoins like Ethereum, EOS, and Iota have actually seen sustainable double-digit gains this week. This is clearly indicating that there’s a large disconnect between crypto asset pricing and industry growth.
In general, the market is becoming more unpredictable and quite a few times analysts have tried to call the bottom of this market but have failed to find any success. While the prices remain sluggish and don’t give a correct picture, in this past 10 years crypto has evolved from virtually nothing into an entire budding industry.
The post Crypto Daily: 10 Years To Bitcoin’s Genesis Block While Altcoins Grow Stronger in Sluggish Market appeared first on Coingape.
Source: CoinGape

Sentimental Analysis for Cryptocurrencies – December 30

Cryptocurrencies, currently are in a very difficult territory where no fundamental or technical indicators are actually affecting the prices but the sentiments of the community. Every news article or a social mention is driving the trend and direction of where the prices are heading to. Majority of this drive is from the sentiments of Bitcoin- the largest cryptocurrency, still, some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at a few indicators that are used widely to determine the sentiment.
Bitcoin Sentimental Analysis
As mentioned, it’s the largest coin that decides most of the trend for the crypto markets and it becomes necessary to understand the sentiment it garners among the community. A lot of news flow and sell-offs has dampened the short term sentiment but yes, there are some long-term positives that make Bitcoin an interesting study. An analysis of its social mention and greed & fear index will give us a clear idea of what is happening.

Analysis Type
Tool
Analysis- Score
Sentiment

#BTC – Hashtag Analysis
Keyhole
Score: 92
Positives: 54.7 %
Negative: 4.2%
Neutral- 41.1%
Positive to Neutral- Positives rising

#BTC- Social Media Mentions
Social Mention
Sentiment 8:1 in favor of positives
With 15 scores towards neutral and 172 in favor of Positives
Positive to Neutral

Fear to Greed Index
Alternative.me
Score 23–Fear
Negative

Fear to Greed Index
CNN Money
Score 12 -Extreme Fear
Negative

Bitcoin is forming a base close to 3600 and this is what keeps the sentiment neutral to positive. The greed and fear indexes are still showing extreme fear indicating there is still cautiousness in the market although, things are improving.
Altcoin Sentimental Analysis
Fear and Greed index is only available for BTC as not many altcoins have all components required to calculate it.

Altcoin
Keyhole #  analysis
Social Mention
Sentiment

ETH- Ethereum
Score – 89
38.2% Positive
4.4% Negative
57.4%- Neutral
15:1 towards Positives
Neutral 62
Neutral to Positive- Positive rising

XRP- Ripple
Score 90
23..7% Positive
2.6% Negative
73.7% neutral
2:1 towards Positives
Neutral 108
Neutral to Positive, Neutrals rising

BCH- Bitcoin Cash
Score 80
29.6 % Positive
7% Negative
63.4% Neutral
7:0 towards positives
Neutral 19
Neutral to Positive- Neutrality rising

EOS
Score 91
21.2% Positive
1.9% Negative
76.9%- Neutral
8:1 towards positives
Neutral 100
Neutral to Positive-
Neutral rising

XLM-Stellar
Score 95
43.4% Positive
1.9% Negative
54.7% Neutral
1:1 towards positives
Neutral 148
Neutral

 
Sentiment for most of the altcoin is neutral to positive as most coins remain range bound. The only standout here is Ethereum, which has seen some sharp rise in price. XLM has gone extreme flat on sentiment, turning it neutral
Will this sentiment actually pull back the prices? Do let us know your views on the same.
The post Sentimental Analysis for Cryptocurrencies – December 30 appeared first on Coingape.
Source: CoinGape

Tron’s Dapp Capabilities And Project Atlas To Trigger Next Bull Run in Cryptos: Justin Sun

Ethereum’s Dapp capabilities and popularity were one of the prime reason crypto markets saw the bull run of 2017. But with rising issues with Ethereum, it seems a new hero would trigger the next bull run. While there could be many heroes, Justin Sun is pretty confident that it would be Tron and that too because of its Dapp capabilities and its Project Atlas- the BitTorrent.
Tron has capabilities to trigger the next bull run
While most coins and projects seem to bite the dust in 2018, Tron has been the project that has clearly stood out. The project has not only been progressing at a great speed on its roadmap it has been one of the best performers for its investors this year.
This standout performance is the reason that Justin Sun believes Tron’s capabilities can trigger the next bull run. In a recent twitter conversation. Binance CEO ZHAO Changpeng, also known as CZ, tweeted a question asking, “What do you think will be the trigger for the next bull run? To which Justin Sun confidently retweeted and replied “DApp in TRON and BitTorrent project Atlas.”

#DApp in #TRON and @BitTorrent project Atlas. #TRX $TRX https://t.co/gL0GtWwIPC
— Justin Sun (@justinsuntron) December 8, 2018

In 2018, Tron moved out of Ethereum’s blockchain to its own mainnet and since then it has been challenging Ethereum’s supremacy in every aspect. The latest of the bouts between Ethereum and Tron are been played out in the Dapp’s ecosystem market where Tron is capitalizing on the opportunity that is coming out of Ethereum’s misery.  A lot of Dapp’s have moved from Ethereum to Tron in recent times as Ethereum is dealing with congestion issues. In the last week of November 2018, a crypto collectible game Blockchain Cuties shifted from Ethereum to Tron while very recently BitGuild’s Dapp Bitizens also moved to Tron from Ethereum.
Justin Sun also had tweeted, inviting Dapp developers to move from Ethereum to Tron.

In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX
— Justin Sun (@justinsuntron) November 26, 2018

Apart from Dapp’s, Justin seems to be pretty confident on Bit Torrent (Project Atlas), which it had acquired for a whopping USD 126 million. As project Atlas will move the 100 million users of BitTorrent to the TRON network, it is supposed to grow Tron’s customer base and adoption by multifold.
Tron, with its Dapp hosting capabilities and BitTorrent, seems to be a project that could define the future for cryptocurrencies. While its too early to say where would Tron reach, the start has been fabulous and it continues this way, Tron would definitely dethrone Ethereum from its number one place in Dapp hosting market.
Will Ethereum lose its battle against Tron? Do let us know your views on the same.
 
The post Tron’s Dapp Capabilities And Project Atlas To Trigger Next Bull Run in Cryptos: Justin Sun appeared first on Coingape.
Source: CoinGape

Report: Crypto Market To Consist Of 66% Bitcoin in 2019

Bitcoin has long been at the forefront of the crypto market, dominating this 10-year old industry with an iron fist and no holds barred. While it maintained its unquestioned hegemony over the cryptosphere for nearly a decade, as 2017 began, it became clear that something was amok. More specifically, in an industry first, altcoins began to drastically gain in terms of market dominance.
By the end of April 2017, altcoins made up 40% of crypto’s entire market capitalization, up from the 12% seen in January. And just eight months later, at the peak of the so-called “Crypto Bubble,” altcoins held 66% dominance over the crypto market, which, in turn, sent Bitcoin’s share to a measly 33%. At this point, some “altcoin maximalists,” known for their use of buzzwords to laud assets, claimed it was all over for Bitcoin, which was chided as an antiquated blockchain with little-to-zero use cases.
Related Reading: Shark Tank’s Kevin O’Leary Sees Ethereum Beating Bitcoin and Gaining Dominance
However, the original cryptocurrency’s fortunes took a relative turn for the better in early-2018, with altcoins showing signs of weakness after months of non-stop up-and-up. Now, just eleven months after Bitcoin market dominance, the first figure from the right on CoinMarketCap, hit an all-time low at the aforementioned 33%, the figure has stabilized in the 52% to 55% range.
A.T. Kearney Expects Bitcoin To “Reclaim” Two-Thirds Of Crypto Market Cap
Although noise regarding the Bitcoin’s dramatic tumult has recently begun to block out discussion regarding market dominance, a chief fundamental indicator, a recent piece from Forbes indicates the subject remains a hot topic in some circles.
Forbes contributor Panos Mourdoukoutas, whose work NewsBTC has covered in the past, noted that A.T. Kearney, a multinational management consulting firm, expects for Bitcoin market dominance to “nearly” reach two-thirds of the aggregate capitalization of cryptocurrencies. Citing reasons for this ~66% target, which isn’t out of the realm of possibility, the American firm purportedly stated that altcoins have “lost their luster” due to growing risk aversion tactics enlisted by retail investors.
Investors’ growing penchant for liquidating their altcoin positions for Bitcoin can potentially be chalked up to the U.S. SEC’s renewed crackdown on ICO-funded tokens. Just recently, the American financial regulator fined AirFox and Paragon, two lesser-known ICOs, in a precedent-setting case, instilling fear throughout the crypto investor base as a whole. As is common practice, if there aren’t enough rewards to justify the risk, investors won’t allocate capital to the asset class in question. This case with altcoins, a majority of which were parented by ICOs, is undoubtedly no different.
However, A.T. Kearney says this isn’t exactly the case, with the firm drawing attention to the ever-growing complexity of the nascent altcoin subset. Courtney Rickert McCaffrey at A.T. Kearney wrote:
“Our prediction is that Bitcoin will regain its dominance is supported by the ever-growing complexity among altcoins, most recently demonstrated by the ‘hash war’ that occurred in the Bitcoin Cash ecosystem.”
Although this isn’t a well-documented issue, a number of crypto-centric consumers took to Twitter during Bitcoin Cash’s hard fork to express how confusing the whole fracas was. This, of course, only legitimizes the aforementioned firm’s report, albeit only be a smidgen.
A.T. Kearney isn’t alone in touting this train of thought. As reported by NewsBTC in early-August, when Bitcoin market dominance forayed above 50% for the first time in nine months, Tom Lee, head of research of Fundstrat, claimed that investors have decided “Bitcoin is the best house in a tough neighborhood.” He added that with the SEC’s classification of BTC as a commodity, and the focus institutions have placed on Bitcoin in mind, the asset’s return to higher dominance levels is rationalized.
Lee’s comments, issued in August, came just 10 days after Mike Novogratz, CEO of Galaxy Digital, claimed that he didn’t expect for “BTC dominance to pull back any time soon,” also drawing attention to institutional-focused products centered around Bitcoin.

I don’t see $btc dominance pulling back any time soon. Lots of cool institutional projects coming and most will start with bitcoin. Stay long.
— Michael Novogratz (@novogratz) July 31, 2018

Featured Image from Shutterstock
The post Report: Crypto Market To Consist Of 66% Bitcoin in 2019 appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Bear Market Strikes: Ethereum Classic (ETC) Development Group Folds

While crypto’s unbridled optimists have done their best to keep this market afloat, incessantly imploring Bitcoin investors to “HODL” and “BUIDL,” their cries haven’t stopped a key Ethereum Classic development group from unfortunately capitulating.
Ethereum Classic Ecosystem Loses Key Player Amid Market Tumult
After a multi-month downturn in the cryptocurrency world, which has seen $700 billion evaporate from this industry’s market value, ETCDEV, an essential player in the Ethereum Classic ecosystem, has announced its closure on December 3rd, 2018. For those who aren’t in the loop, ETCDEV is an Ethereum-centric development group launched two and a half years ago, whose creation was catalyzed by the DAO debacle of 2016.
Since the organization came into being, it rapidly became the face of the Ethereum Classic development community, lauded for its penchant for technological revolution and its ability to innovate.  But now, as aforementioned, the organization has had to fold, purportedly due to funding constraints.
Through a tweet, Igor Artamonov, the founder and chief technology officer of ETVDEV, wrote:

Unfortunately ETCDEV cannot continue to work in the current situation and has to announce shutdown of our current activities pic.twitter.com/N6xWnpBNJJ
— ETCDEV (@etcdev) December 3, 2018

Although the ETCDEV executive cited a lack of sustainable financing, this message comes just days after Artamonov released a Medium article lambasting one of his peers for being a “Trojan Horse” for another team. Regardless, the fact of the matter is that Ethereum Classic remains heavily wounded after this occurrence, as the project lost its primary development team.
Since the disheartening announcement from the experienced development consortium, ETC has fallen by 9.40% to $4.61 a pop, under-performing BTC by 5.7%.
Upon the advent of the rapid sell-off, deemed irrational by some, yet backed by $190 million in 24-hour volumes, the official Twitter page of the Ethereum predecessor quickly took to its brainchild’s side. Through a message of support, evidently issued to calm the nerves of perturbed ETC investors, the team made it apparent that ETCDEV isn’t the entire project. Instead, it was noted that Ethereum Classic is a consortium of like-minded innovators and teams, such as IOHK, ETC Co-op, “and a litany of volunteers.”
Aggregating its underlying bullish sentiment into a single statement, the show-runners behind the @eth_classic handle simply wrote, “keep calm, and build on.”
Crypto Bear Market Qualms
This recent announcement comes just days after Steemit, the company behind the (somewhat) decentralized social media platform that shares its name, revealed it was undergoing a business reorganization, purging 70% of its employees.
Related Reading: Steemit Announces Structural Reorganization, Laying off 70% of Employees
Ned Scott, CEO of Steemit, said on the matter:
“While we were building up our team over the last months, we had been relying on projections of basically a higher bottom for the market… Since that’s no longer there we’ve been forced to lay off more than 70% of our organization.”
He explained that as Steemit’s top brass met, amid worsening market conditions, it became logical that a staff restructuring at the private startup was necessary. Interestingly, Scott failed to divulge an exact headcount pre- and post-purge, making it difficult to discern how many were affected.
SpankChain, an adult entertainment platform centered around blockchain, recently saw its CEO take to Reddit to announce that it, as well as Steemit, had downsized drastically. The project head noted that the SpankChain project hired eight individuals, and has reduced its burn rate from $200,000 to $80,000 per month.
However, it isn’t all doom and gloom, as not all crypto-related organizations and startups have been subject to the financial pressure caused by the unpredictable cryptocurrency market.
As reported by BreakerMag, Ethereum pioneer Joseph Lubin, who can be likened to the Sergey Brin (Google co-founder) of the blockchain industry, recently distributed an uplifting note to all employees at ConsenSys, often defined as the Google of this innovative sector. In the letter, authored by the passionate Canadian technology entrepreneur, it was noted that in spite of the market sell-off, ConsenSys remains poised to “succeed wildly,” with a potential to usurp the traditional facets of society. Lubin wrote:
“[Blockchain is] a technology and an ethos that many of us believe will profoundly reshape human society over time… We now find ourselves occupying a very competitive universe, [and have the ability to] succeed wildly. [But,] we must recognize that what got us here will probably not get us there, wherever ‘there’ is.”
In a testament to Lubin’s undying belief in this decade-old technology, ConsenSys itself, primarily consisting of a handful of distributed subsidiaries, has reportedly hired upwards of 550 employees. BreakerMag has divulged that the startup’s rapid expansion can be primarily attributed to Lubin’s Ether coffers, which are reported to hold millions upon millions of ETH. And despite the downturn, it appears his stash isn’t even close to depletion.
Featured Image from Shutterstock
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Zilliqa Inches Towards its Mainnet Launch on January 30 2019 with the Release of Testnet v3.0

Currently, trading at $0.017 in red in the USD market by 2 percent, Zilliqa is in the green in BTC and ETH market. Meanwhile, Zilliqa has released its Testnet v3.0, codename “Mao Shan Wang” that has the same set of features as its upcoming mainnet launch on January 30, next year.
Testnet v3.0, codename “Mao Shan Wang” is Here
The world’s 37th largest cryptocurrency Zilliqa (ZIL) by market cap of about $138 million has yet to launch its mainnet after about one and a half year of its release. According to it roadmap, the mainnet is scheduled for release between December 2018 and January 2019.
For now, the team has already launched Testnet version 1 and 2. Now, two months before its mainnet launch, Testnet version v3.0 has been released.

Zilliqa Testnet v3.0 Mao Shan Wang is now live. This is a major technical milestone — as far as we know, this is the first fully-fledged testnet in the world to implement network, transaction, and smart contract #sharding. https://t.co/ntk5GpgTuZ
— Zilliqa (No airdrops or ETH giveaways) (@zilliqa) November 30, 2018

Testnet v3, codenamed “Mao Shan Wang” is the “first fully-fledged testnet in the world to implement network, transaction, and smart contract sharding.”
Addressing the security issues and adding safety checks along with enforcement mechanisms, this testnet version contains the same set of features as the upcoming mainnet as per the official announcement that further states it is launching on schedule.
As stated by Zilliqa CEO, Xinshu Dong,
“(Testnet v3.0) has the full-scale implementation of Scilla (our safe-by-design smart contract language) across the network, the implementation of our solution to smart contract sharding, and the public mining of testnet ZILs. It enables larger-scale public testing of the key features of our upcoming mainnet and is a key step for us towards launching mainnet on Jan 31, 2019.”
Dong further shares the significance of Mao Shan Wang which has a full-scale implementation of Scilla across the network, is far more eco-friendly and cost-effective mining up to the public for testing, and involves new incentive mechanism that rewards nodes (miners) by taking into account their contributions to the consensus protocol.
There has been a number of key new features added by the developers’ in the scilla language, development tools, and core protocol.
With Ziliqa’s new testnet version release and mainnet launch coming up, it can be further expected to affect the prices positively. However, it’s to be seen just how much prices will move as the crypto market is in extreme red since mid-November.
At the time of writing, Zilliqa has been trading at $0.017 with 24 hours losses of 4.68 percent while in the BTC market, it is in the green by 1.74 percent and up by 0.44 percent in the ETH market.

Zilliqa 1-month price chart, Source: Coinmarketcap
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Source: CoinGape

What Is Bitcoin? Crypto Featured as Category on Jeopardy

During last night’s airing of the popular TV game show Jeopardy, cryptocurrency was featured among the categories contestants could choose from.
I’ll Take Cryptocurrency for $1,000, Alex
On Thursday night’s episode of the iconic TV game show hosted by Alex Trebek, Jeopardy, cryptocurrency was one of the six categories contestants could select from.
In Jeopardy, chosen categories reveal an answer to a query and the contestants must phrase their response in the form of a question.
The first answer in the category was “an altcoin is any unit of cryptocurrency other than this one,” with the correct response being “What is Bitcoin?”
Next up, was the Daily Double, which had an answer “in 2018, this South American country launched the Petro currency backed by oil reserves,” referencing Venezuela’s native cryptocurrency token.
The third answer touched on a “3-letter chat app” that had a similar sounding name as its cryptocurrency token – a nod to Kik and the Kin token that will power the app’s cryptocurrency ecosystem.
Up fourth was an answer describing how blockchain worked. And last but not least, the answer “a lawsuit from this rapper killed off the Coinye currency,” pointed to the court case years prior between hip hop icon Kanye West and the Coinye cryptocurrency. West had no affiliation with the project but his likeness was used regardless without his permission, and a legal battle ensued that led to the founders of the project abandoning it.
While cryptocurrency being featured on a popular TV show like Jeopardy really has little to no impact on prices, adoption, or other key factors, one cannot discount the value of cryptocurrencies being exposed in an educational manner to the mainstream public on one of the most watched television shows in history. Jeopardy has over nine million viewers per week tune in, and is a household name easily recognizable by its iconic jingle.
Even better for crypto, the way cryptocurrencies were presented in a positive, educational manner and not the demonizing tone mainstream media usually portrays cryptocurrencies like Bitcoin.
More Ways to Play with Crypto
Playing Jeopardy alongside the live contestants and responding correctly in a crypto-focused Jeopardy category would be fun for just about any cryptocurrency enthusiast. But the fun doesn’t need to stop there.
Earlier this year, Bitcoin was officially added as a recognized word in the popular Hasbro board game Scrabble. Merriam-Webster, who maintains the official Scrabble dictionary made the addition in September alongside 300 other words including “emoji” and “twerk.” Placing tiles on the Scrabble board spelling out Bitcoin earns the player 11 points.
Scrabble points aside, investors betting on the cryptocurrency could potentially earn a lot of money, however, Bitcoin and other cryptocurrencies have been stuck in a grueling downtrend over the last 11-months.
Featured image from Shutterstock.
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Stellar Lumens Dethrones Bitcoin Cash for the 4th Position with a Series of Positive News Flow

A lot of movement has happened on the crypto ranking charts since the volatility has returned to crypto markets. First, it was Ethereum that was dethroned by XRP for second place, then Bitcoin (SV) moved above Tether to eighth place for sometime before settling back to ninth. And now it’s Stellar that has pushed Bitcoin Cash to down to gain the fourth spot.
Stellar Lumens has enough positives that could keep it at fourth place
At the time of writing this article, Stellar Lumens was at the fourth position with a market cap of 3.192 billion a little over BCH ‘s market cap of 3.122 billion. The price was USD 0.166 and was in the green by over 3%

Source: Coinmarketcap
In the carnage which bought back volatility to cryptos, Stellar lumens (XLM) prices too took a hit,  however, the quantum of the fall for Stellar was far less as compared to EOS and Bitcoin Cash (BCH).
Also, Over the past two weeks, Stellar did have some amazing fundamental news flow which helped it climb the ranking charts
Recently, the Malaysian exchange PinkExc decided to move from Ethereum blockchain to Stellar (XLM) blockchain technology. The exchange wanted to use the Stellar blockchain technology because it meets their need for a faster, cheaper and more reliable asset value transaction token.
Also this week, Stellar Development Foundation revealed that it is currently in the final phases of preparing the release of their own decentralized trading platform (SDEX).
November 2018 has also seen Stellar Lumens being listed on few new exchanges. These include Bithumb, Coindelta and  BitOasis which has taken Stellar to newer investors on these exchanges.
With third place Ethereum’s market cap almost 9 billion away from the fourth place Stellar and not much positive happening for Bitcoin Cash right way, It looks like Stellar has almost secured its position at the fourth place in the list of cryptocurrencies by market cap.
Will Stellar continue to remain at the fourth place or will BCH again take over? Do let us know your views on the same.
The post Stellar Lumens Dethrones Bitcoin Cash for the 4th Position with a Series of Positive News Flow appeared first on Coingape.
Source: CoinGape

Dapp Battle Intensifies as Blockchain “Cuties” Dump Ethereum and move to Tron

Ethereum has held the number one position for providing a Dapp ecosystem since its launch. But its scalability issues, congestion, and rising competition have put Ethereum’s numero uno position under threat. A lot of Dapps are now choosing EOS and Tron over Ethereum due to their superior technological capabilities and the recent addition to this list is Blockchain Cuties which as ditched Ethereum and has chosen Tron for its gaming dapp.
Blockchain Cuties are in all praise for Tron
The crypto collectible game, which was released in March 2018 on Ethereum blockchain, announced using its Medium channel, that the game has ditched Ethereum and is now moving to Tron’s MainNet.The reason cited for this switch is that Tron has better scalability and speed- a milder way to point at Ethereum’s issues which that game too was facing being on its blockchain
Although Tron solves a lot of problems for Blockchain Cuties, the gaming company seems to be quietly impressed with Tron and its progress. The Medium post has all praises for Tron as it says
“TRON is one of the greatest innovators in the blockchain universe and we love the fact that we get to join forces to bring our community a bigger market to play on and a better experience.TRON did a great job at solving major scalability and speed issues. And their network is growing fast.”
The CEO of Blockchain Cuties, Vladimir Tomko, was also quoted in the Medium post where he had stated that
“We see TRON not only as an opportunity to bring new users but as a future of all decentralized applications and especially games”
Ethereum problems are making it lose a lot of Dapps to its nascent competitors EOS and Tron. Citing ETH’s problem, Justin Sun, Founder of Tron has requested Dapp’s to ditch Ethereum and move to Tron. Justin has locked horns with Vitalik on quite a few occasions and doesn’t leave a chance to take a jab on Ethereum. In his recent tweet, he has tried to sway Dapp developers to move away from Ethereum altogether.

In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX
— Justin Sun (@justinsuntron) November 26, 2018

With Blockchain Cuties already transiting to Tron, it looks like Ethereum will have to hurry up with its solution or there are chances more Dapp’s may move to competing blockchains like Tron and EOS.
Will Ethereum be able to hold on with its Dapp or Tron will take them all away? DO let us know your views on the same
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Source: CoinGape