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.
 
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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
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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

Crypto Bull Market in Action: 3 Altcoins “Paving their Own Bull Run”

According to the latest research, 3 altcoins have already started making their way to a bull run that could mean the bull run in the crypto market just might be already getting ready to affect the market.
Crypto Bull Market: Here’s How it could Already be in Effect
Everyone is in anticipation of the next bull run after the entire crypto market hit $800 billion at its peak.
So, when is this bull run coming? Could it already be into effect?
“The bull market has started. It’s not about “when” anymore – it’s about “who”,” says the latest research by Santiment, which further shares that it is a possibility the crypto bull run is in action,
“The recent price ‘movement’ of Bitcoin and Ethereum has been boring to say the least. It’s been so uneventful these past few weeks that we’re already seeing memes pop up about BTC as the next big stablecoin. Although BTC and ETH aren’t growing (and they have enough reasons not to), quite a few tokens/networks on the ethereum blockchain have been blinking on our bull radar recently.”
Basic Attention Token (BAT), Ox (ZRX), and Maker (MKR) are the ones that have been showing bullish moves and following three patterns.
ETH Decoupling is one of the primary reasons, “Historically, the price of these 3 tokens faithfully mirrored ETH – not anymore. Particularly over the last month or so, we’re seeing a number of ERC 20 projects completely break their ETH price interdependence and start dancing to their own beat. And you have to admit – it’s a pretty catchy tune.”

 
Another point is strong on-chain activity, “the abnormal pricing activity is strongly reflected on chain as well. It’s worth nothing that this on-chain activity isn’t monolithic; each project still has their own quirks.”
 

 
BAT’s on-chain activity shows a healthy pattern where both price and speculative activity is steadily growing. Moreover, it mentions, “ZRX recorded the most explosive spike across all observed metric, with MKR not all too far behind.”
It then moves onto the social volume which is based on “behaviour analysis” of the platform with crowd sentiment measurements. This metric basically covers the number of mentions of a token on social media.
“While action is bullish, we believe you don’t want to buy at extreme values on social volume, as such activity might mark a short-term top. So we have waited until the attention of the traders crowd has declined to more or less normal levels.”
Talking about the 2016-17 bull run, the research states, “ETH launched the explosive bull run and BTC followed.” And this time, these three altcoins are “done waiting for ETH to bounce back, they’re paving their own bull run.”
Eventually, this price movement is expected to find its way to ETH as well. However, it does caution, “We might still see some decline if the whole market needs to make one more low.” But “the risk is now to break to the top in the “healthy” tokens.”
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Source: CoinGape

Sentimental Analysis for Cryptocurrencies- October 28

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: 92
Positives: 45.0%
Negative: 2.4%
Neutral- 69%
Neutral to Positive- Neutrals rising

#BTC- Social Media Mentions
Social Mention
Sentiment 9:1 in favor of positives
With 167 scores towards neutral and 9 in favor of Positives
Neutral to Positive

Fear to Greed Index
Alternative.me
Score 35- Fear
Neutral to Negative

Fear to Greed Index
CNN Money
Score 7 – Extreme Fear
Negative

 
The fear on the street seems to be rising and seems like there could be a sell off. But Bitcoin stability is good enough to keep everything in control. USD 6300 wont be breached unless something drastically goes wrong. Looks like neutrals will continue to rise as bitcoin stability continues.
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 – 92
37.2% Positive
3.2% Negative
59.6%- Neutral
21:1 towards Positives
Neutral 156
Neutral to Positive

XRP- Ripple
Score 85
33.3 % Positive
5.7% Negative
60.9% neutral
5:1 towards Positives
Neutral 162
Neutral to Negative,

BCH- Bitcoin Cash
Score 91
33.3% Positive
3.2% Negative
63.5% Neutral
8:0 towards positives
Neutral 119
Neutral to Positive

EOS
Score 91
29% Positive
2.5% Negative
68.5%- Neutral
8:1 towards positives
Neutral 150
Neutral to Positive

XLM-Stellar
Score 82
36.8 % Positive
8.0% Negative
55.2% Neutral
7:0 towards positives
Neutral 127
Neutral to Positive,

 
All altcoins are showing the same stability what Bitcoin is showing. Everything stands neutral with a positive outlook though. It doesn’t look like moving either ways for any of the coins unless something drastically changes.
Will this sentiment actually pull back the prices? Do let us know your views on the same
The post Sentimental Analysis for Cryptocurrencies- October 28 appeared first on Coingape.
Source: CoinGape

Sentimental Analysis for Cryptocurrencies- October 18

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: 83
Positives: 37.9%
Negative: 7.4%
Neutral- 54.7%
Neutral to Positive- Stable in sentiments

#BTC- Social Media Mentions
Social Mention
Sentiment 4:1in favor of positives
With 170 scores towards neutral and 12 in favor of Positives
Neutral to Positive

Fear to Greed Index
Alternative.me
Score 18 – Extreme Fear
Neutral to Negative
Fear rising sharply

Fear to Greed Index
CNN Money
Score 11 -Extreme Fear
Neutral to Positive

   
All indicators are pointing toward neutrality with a slight positive loop. Both fear and greed index are still pretty much on the extreme fear side indicating pressure on prices but also opens doors to some buying opportunity.
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 – 94
39.8% Positive
2.4% Negative
57.8%- Neutral
13:1 towards Positives
Neutral 144
Neutral to Positive- Positive going up

XRP- Ripple
Score 89
32.3 % Positive
4.0% Negative
63.7% neutral
3:1 towards Positives
Neutral 177
Neutral to Positive, Neutrality returning

BCH- Bitcoin Cash
Score 89
27.8 % Positive
3.3% Negative
68.9% Neutral
10:1 towards positives
Neutral 144
Neutral to Positive- Neutrality shot up sharply

EOS
Score 90
42.2% Positive
4.5% Negative
53.3%- Neutral
22:1 towards positives
Neutral 151
Neutral to Positive

XLM-Stellar
Score 85
12.4 % Positive
2.1% Negative
85.6% Neutral
4:1 towards positives
Neutral 50
Neutral to Positive, Neutrality rising

 
While Bitcoin is neutral, Ethereum after struggling for a week has shot up into positive. This could be because the coin had slipped into the oversold category. XRP also lost some of its negative but those were converted to neutrals than positives. For all other altcoins, the sentiment of bitcoin seems to be replicating as people are more neutral.
Will this sentiment actually pull back the prices? Do let us know your views on the same
The post Sentimental Analysis for Cryptocurrencies- October 18 appeared first on Coingape.
Source: CoinGape

Ethereum (ETH) One Step Away From Kicking Off The Altcoin Rally

It is a rare sight in the crypto community to see Ethereum (ETH) in the green after a long queue of weeks in the red. The daily chart above for ETH/USD shows that Ethereum (ETH) is just a single step away from kicking off the altcoin rally. This chart is the perfect example of how history may not repeat itself but it does rhyme. The pattern of rise before 2018 bears a striking resemblance to the one just after 2017.
Continue reading Ethereum (ETH) One Step Away From Kicking Off The Altcoin Rally at Crypto Daily™.
Source: Crypto Daily

Monero [XMR] wallets compromised as hackers target MEGA Chrome extension

On 4th September, Monero [XMR] announced that the official MEGA chrome extension was compromised, with an update stealing the passwords and cryptocurrency wallet addresses from its users. The latest version of MEGA Chrome extension was hacked, allowing cryptojackers to access saved passwords and usernames from Amazon, GitHub, Google, and Microsoft portals.
Latest version of MEGA Chrome extension was hacked | Source: Twitter
The Chrome extension claims to provide a secure cloud storage service that can improve browser performance by reducing loading time. The extension is currently unavailable for download at the Chrome Web Store.
Monero is a privacy coin where the addresses of the sender are hidden along with the amount of transaction which took place. Thus every transaction on the Monero network goes through a secret address which cannot be linked to the first sender.
In spite of Monero’s claims of being private and untraceable, the cryptocurrency has witnessed instances where cryptojackers have secretly mined XMR with the computer power of web visitors.
Riccardo Andsaskiaspagni, also known as fluffypony, the Lead Maintainer of Monero said on Twitter,
“Confirmed that it also extracts private keys if you login to MyMonero and/or MyEtherWallet in a browser with the extension installed.”
MyEtherWallet.com, an open-source cryptocurrency wallet for ERC20 tokens, stated:

Latest version of MEGA Chrome extension was hacked | Source: Twitter
SamsungGalaxyPlayer spotted the issue and stated:
“The MEGA Chrome extension source code has not been updates in four months, suggesting that the account responsible with updating the version given to Google was compromised”
Some of the recommendations made in his post on Reddit were to uninstall MEGA Chrome extension immediately and change important passwords. He also suggested that its users transfer funds from those accounts which could have possibly been compromised.
MEGA Chrome extension version 3.39.4 was mainly affected and all the data collected was being sent to one server. This problem was limited to Google Chrome, as the Mozilla Firefox version had not been compromised.
PWPersian commented on Reddit:
“Wow this is huge, I do not personally use MEGA however I am always afraid of extensions going rouge as I check up on updates the least often for them, sending this to everyone I know to make sure they know to change passwords etc.”
Gattacus an enthusiastic Redditor commented:
“There was an update to the extension and Chrome asked for new permission (read data on all websites). That made me suspicious and I checked the extension code locally (which is mostly javascript anyways). MEGA also has the source code of the extension on github https://github.com/meganz/chrome-extension There was no commit recently. To me it looks either their Google Webstore account was hacked or someone inside MEGA did this. pure speculation though”
The post Monero [XMR] wallets compromised as hackers target MEGA Chrome extension appeared first on AMBCrypto.
Source: AMB Crypto

Sentimental Analysis for Bitcoin and Altcoin 2 September

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: 90
Positives: 33.9 %
Negative: 3.6%
Neutral- 62.5%
Neutral to Positive, significant rise in positives

#BTC- Social Media Mentions
Social Mention
Sentiment 9:1 in favor of positives
With 159 scores towards neutral
Neutral to Positive

Fear to Greed Index
Alternative.me
Score 18 -Extreme Fear
Negative

Fear to Greed Index
CNN
Score- 71- Greed
Positive

   
While the two analysis shows a neutral to the positive indication, the fear of Greed Index from two sources give a very divergent view, the overall scenario looks pretty positive as greens return to the street. A buy may be recommended but still one may need to find the right prices to enter and probably keep track of news as negative news may bring the price down.
Also, read: Bull Rally Here? Altcoins Making a Spectacular Recovery as Bulls Charge at Full Blast
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 94-
42.9% Positive
2.6% negative
54.5%- Neutral
7:1 towards Positives
Neutral 127
Neutral significant rise in positives

XRP- Ripple
Score 82
29.6 % Positive
6.2% Negative
64.2% Neutral
3:1 towards Positives
Neutral 135
Neutrals moving towards positive

BCH- Bitcoin Cash
Score 80
26.9 % Positive
6.5% Negative
66.7% Neutral
3:1towards positives
Neutral 79
Neutral to Positive, with negatives, rise significantly

EOS
Score 94-
36.7% Positive
2.2% Negative
61.1%- Neutral
4:1 towards positives
Neutral 115
Neutral to Positive

XLM-Stellar
Score 96
42.7% Positive
1.3 Negative
56% Neutral
5:1:0 towards positives
Neutral 96
Neutral

 
Even with volatility in prices, the social media sentiment with most altcoins just like the Bitcoin is neutral to positive. BCH that saw positivity last week had gathered some negative mentions bringing prices to neutral territory. Other coins too stayed in the neutral to the positive range but overall, we saw positivity on the street. Going forward the sentiment seems to be cautious  as any negative news may bring prices down
Will this sentiment actually pull back the prices? Do let us know your views on the same.
 
The post Sentimental Analysis for Bitcoin and Altcoin 2 September appeared first on Coingape.
Source: CoinGape

Bull Rally Here? Altcoins Making a Spectacular Recovery as Bulls Charge at Full Blast

Bulls are here, making it an altcoin season. Cryptocurrencies are enjoying the most as top cryptocurrencies register good gains while double digits gainers keep on rising.
Altcoins dominating the market
At the moment, greens are everywhere, dominating the crypto market for good. Though altcoins move in tandem with the Bitcoin and this time the scenario is the same as usual, bulls are in favor of altcoins. While Bitcoin is up by just over 2 percent, altcoins are surging at a good pace.
The overall market cap has reached $232 billion while the total market cap excluding bitcoin has taken a jump from $104.9 billion to $112.7 billion. Altcoins are making a strong recovery that has bitcoin dominance sliding from 54.6 percent from mid-August to 52.2 percent at the moment.

Top cryptocurrencies enjoying the bulls
If we take a look at the top cryptocurrencies, they are managing a good surge as the entire market is in deep green.

Ethereum (ETH) is up by 6.13 percent at $297. Looks like Ethereum Futures have already started making people feel enthusiastic about the world’s second largest cryptocurrency.
XRP is rising at the rate of 4.95 percent while sitting at crucial $0.348
Bitcoin Cash (BCH) is stealing the show with its over 15 percent jump climbing $622
EOS, Stellar (XLM), Litecoin (LTC), Cardano (ADA) and IOTA (MIOTA) are in a good rising range of 6 to 8 percent.

Also, read: Price Predictions of Bitcoin Become Rampant as Bitcoin Halving just 2 Years Away
Cryptos with substantial gains deserving special mention
The top digital currencies are not the only ones experiencing the surge, actually, these coins are making the buzz in the crypto market right now.

Dogecoin (DOGE) has all the limelight today as it rose a whopping 66 percent, going from $0.0026 a few days back to $0.0065 at the moment.
Monero (XMR) is the one shining with 12.62 percent gains. A recent study by Satis Group has revealed a good pricing future for Monero with one of the biggest gainers in the coming 10 years at $39,584, along with Bitcoin.
After quite some time, Verge (XVG) again made its presence in the market with over 32 percent rise reaching $0.018.
Dash has become a hot news topic with its penetration of Venezuelan market which is going through hyperinflation. Moreover, it also came into the scrutiny with the news of Dash running out of funds and community member asking its CEO’s removal doing the rounds in the market. Right now, Dash is up by more than 15 percent while exchanging hands at $217.

The biggest gainers
Now is the time for the coins that are making the biggest gains today while bulls are charging the market.

After Dogecoin, ReddCoin (RDD) is at the top with 34 percent gains at $0.0042 while Siacoin (SC) is up by about 25 percent while trading at $0.0076.
Among the other double digits gainers are, Bytecoin, IOST, Bytom, Nebulas, Wanchain, Stratis, NEO, Digibyte, Aelf, Nxt, Dentacoin, Holo, and Gas rising between the range of 10 to 18 percent.

Bulls are in full force and altcoins are making the most of it as every coin in top 100 except a very few are surging with good percentages.
The post Bull Rally Here? Altcoins Making a Spectacular Recovery as Bulls Charge at Full Blast appeared first on Coingape.
Source: CoinGape

Some Cryptos Trading 500% Higher on Bithumb, Market Manipulation Woes

Bithumb traders have recently experienced an abnormal surge in the price of some crypto, with tokens like Ethos trading six times over its average value only on the South Korean exchange. Many traders began to attribute these ludicrous prices to the Kimchi Premium, which local cryptocurrency traders have grown accustomed to over the most recent months.
Kimchi Premium Surges Bithumb Due To Low Liquidity
For those who are unaware, the so-called “Kimchi Premium” is a term used by some to describe the gap between cryptocurrency prices on South Korean exchanges and foreign exchanges. As noted in a recent NewsBTC report, Bitcoin values on Korean exchanges were over 30% higher than average market prices as the cryptocurrency reached all-time highs in December. To put this figure into perspective, Bitcoin traded at ~$19,500 on exchanges like Coinbase, while Korean exchanges saw the cryptocurrency trade at upwards of $25,000.
However, as noted in a statement from the Vice-Chairman of S. Korea’s Financial Services Commission, the premium has since been reduced as a direct result of governmental practices. Kim Yongbeom stated:
“The government’s practical policies led the ‘Kimchi Premium’ to disappear in South Korea. At its peak, the ‘Kimchi Premium’ in the local cryptocurrency exchange market reached 50 percent, due to unusual spike in demand and speculation. As of current, the price of cryptocurrencies is nearly identical to other markets, demonstrating stability in the South Korean cryptocurrency market.”
While this may be the case for other Korean exchanges, for Korea’s foremost exchange, the issue has only been magnified.
In June, Bithumb suffered a devastating hack, with the exchange noting that exchange-owned hot wallets were breached by an anonymous hacker. Immediately after receiving news of the hack, the Bithumb team shutdown deposits and withdrawals, which remain closed even one month after the ~$30 million security breach.
The shutdown of these two key features, which are essential for the operation of any exchange, has likely caused a situation where there are not enough sellers to match the orders of buyers. As the laws of supply and demand show, a lack of supply for high levels of demand will only push prices higher.
For cryptocurrencies like Ethos, this problem has hit especially hard, with Bithumb posting prices that are almost 600% higher than the average cost displayed on CoinmarketCap.

Other cryptocurrencies on the exchange have experienced similar issues, albeit not as severe, as Bithumb users continue the rush to buy undersupplied cryptocurrencies. Looking at the list of Bithumb-listed cryptocurrencies, it seems that there is a pattern with the coins experiencing atypical prices, with cryptos that have seen positive developments since the hack grow greatly in value. Some notable developments include Etho’s Universal Wallet, Augur’s platform release, and 0x’s potential Coinbase integration.

As a result of these absurd figures, CoinMarketCap, a leading cryptocurrency statistics site, has removed Bithumb’s pricing statistics from the volume-weighted figures displayed on their platform.
Manipulation Worries Remain For Regulators 
While this was likely not the result of direct manipulation by malicious individuals, Kimchi Premium events may be of interest to some regulators.
The Winklevoss Twins’ most recent ETF proposal brought up many concerns with regulators. Upon the announcement revised proposal’s denial, the SEC released an extensive document highlighting the reasoning behind the verdict. The American regulatory body noted that there were fears of manipulation with the value of the Winklevoss ETF, which would have been based off prices seen on Gemini.
While Gemini hasn’t run into any glaring issues regarding price manipulation yet, the most recent worries expressed by regulators may have led some to ask “what if Gemini had a similar experience to Bithumb or other Korean exchanges?”
In its current state, the Winklevoss-owned Gemini exchange has relatively low liquidity in comparison to a fiat-supported exchange like Coinbase Pro. If Gemini was to stop accepting deposits and withdrawals, who’s to say that investors on the exchange won’t take advantage of the opportunity and pump prices sky-high? Additionally, if a Bitcoin “whale” were to issue a large deposit onto the exchange now, they would likely be able to quickly manipulate the prices, driving the cost of an asset in any direction in which they deem necessary.
Keeping these points and scenarios in mind, it would have been easy for any market manipulator to artificially inflate, or deflate the price of a Gemini-backed Bitcoin ETF.
As pointed out by Joseph Young, editor at NewsBTC and long-time crypto analyst, the issues with manipulation may not be as pertinent of a worry in the upcoming VanEck and SolidX verdict, as the two ETFs are “structurally different.”
Featured Image From Shutterstock
The post Some Cryptos Trading 500% Higher on Bithumb, Market Manipulation Woes appeared first on NewsBTC.
Source: New feedNewsBTC.com