Crypto Market Primed For Lift-Off: Bitcoin Cash, Litecoin (LTC), TRX, ADA Analysis

The total crypto market cap stayed above the key $160.0B support and climbed towards $170.0B.
Litecoin (LTC) price recovered recently and moved above the $80 resistance.
Bitcoin cash price extended gains and it could move higher towards the $320 level.
Tron (TRX) price is currently consolidating above the key $0.0260 support area.
Cardano (ADA) price must break the $0.0850 resistance to start a decent upward move.

The crypto market cap is up more than $4 billion, with positive moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA are likely to extend gains.
Bitcoin Cash Price Analysis
Bitcoin cash price started a strong upward move after BSV’s nasty drop against the US Dollar. The BCH/USD pair broke the $300 resistance level to move into a positive zone. The price gained traction and it recently moved above the $310 resistance area.
If the price continues to move higher, it could even surpass the $320 resistance level. On the other hand, if there is a downside correction, the price may perhaps test the $305 support area.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price traded close to the $75 support area and recently rebounded above $78. LTC even broke the $80 resistance and it is currently trading in a positive zone. On the upside, an immediate resistance is at $82, above which the price is likely to rise towards the $85 resistance area.
Tron price remained under pressure earlier this week and traded below the $0.0272 support. TRX price traded close to the $0.0260 support level and it is currently consolidating. On the upside, a break above $0.0270 and $0.0272 is must for a decent upward move.
Cardano price recovered above the $0.0800 resistance level. ADA price is currently trading above the $0.0820 level, with many resistances near the $0.0840 and $0.0850 levels. On the downside, the main support is at $0.0800, below which the price could test $0.0780.

Looking at the total cryptocurrency market cap 4-hours chart, the $158.0 and $160.0B support levels proved significant. The market cap stayed above the $160.0B support and a major bullish trend line. It recovered above the $165.0B level and tested the main resistance near $170.0B and the 50% Fib retracement level of the last decline from the $179.9B high to $158.0B low. On the downside, the main supports are $165.0B and $164.0B. Below the trend line, the market cap could revisit the $160.0B support. On the upside, a clear break above the $170.0B resistance is likely to open the doors for more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson

Proponents of the cryptospace have made it their goal to inform users in the community about the developments on the network, as well as the future of their respective cryptocurrencies. In a recent panel discussion with Unblocked, Charles Hoskinson, the Chief Executive Officer of IOHK spoke about the choice of viable technologies in the cryptocurrency space as well as the effects it can have on mainstream procedures.
Hoskinson was of the opinion that Proof of Stake vs Proof of Work differences are evident as one deals with physical aspects, while the other aims to reduce the input consumed to generate the same output. The computer scientist said,
“If you have physical control like the one on PoW, then the government or anyone else can seize a particular warehouse or commodity using force. PoW can also expose networks to goldfinger attacks where one of two networks built on PoW can destroy the other chain if the former has 51 percent of the total hash power.”
The IOHK CEO further added that PoW is not feasible in the long run, because mining pools are not loyal and that members in the pools “do not care for the price of the currency or the quality of the chain.” He stated,
“Just like the mercenaries in ancient Rome, the members of the mining pool will realize that they will make more money if they do something else like destroying the chain rather than uplifting it.”
The computer scientist then spoke about the recent upgrades on the Cardano network, focusing on Cardano 1.5 update. During the initial launch of Cardano 1.5, the organization had stated,
“Cardano 1.5 is important in preparation for moving to the Shelley development phase. This update brings a new consensus protocol, Ouroboros BFT, which is a key step in the transition from Ouroboros Classic, the current consensus protocol running the Cardano network, to Ouroboros Genesis, the protocol for the Shelley era. Ouroboros Genesis is a major upgrade to the protocol that underpins Cardano because it is first proof-of-stake protocol that matches the security guarantees of proof-of-work protocols such as Bitcoin.”
Hoskinson also revealed that the 1.5 upgrade was the first in a series of upgrades targeted at making the Cardano network more and more decentralized. He claimed that after the upgrades, users will get something that is 100 times more decentralized than Bitcoin and that the network will emerge out of 2019 more decentralized than any other network in the market.
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Source: AMB Crypto

Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson

Proponents of the cryptocurrency space have made it a point to inform users of the latest news and updates in their respective networks. The latest luminary to do so is Charles Hoskinson, Chief Executive Officer [CEO] of IOHK, who is in charge of running projects like Cardano [ADA] and Ethereum Classic. Speaking at Unblocked, the computer scientist spoke about how the world is going digital and there is nothing that anyone can do to stop that from happening.
Hoskinson stated,
“The main example of technology advancing rapidly is in China’s development of the social security number. People have to realize that the digital systems that we build will control the money in their pockets. There is no law in physics that will help you save your money, that is like saying Facebook has to protect your privacy.”
Charles Hoskinson then touched upon the reasons why Poof of Stake [PoS] was chosen over Proof of Work [PoW], a more popular concept. He responded by saying that PoS was chosen over PoW because of philosophical differences. In his words,
“I will admit that PoW is a great infrastructure but I admit that there are certain elements that puts PoS ahead for me. PoW is control outside the system and if the ledger is successful then it will happen. A Mom and Pop shop cannot participate in this process as the buy-in is very expensive. That is why the 10 largest Bitcoin corporations control around 51 percent of the total Bitcoin hash power.”
The CEO added that PoW concept is a perfect fit for people who are okay with mercenaries not really loyal to the chain running their processes. At the same time, Hoskinson was frank in stating that the PoW concept is intellectually very interesting. He made his case for PoS by saying that his chosen concept conducts simulations of who runs the process properly and then, updates the system. According to him,
“The PoS is a process that throws away all the expensive work and advances the network to help you do your job.”
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Source: AMB Crypto

Alt Season Resumes as Bitcoin Price Continues Upward Climb Toward $6,000

Crypto bulls have been dominating the price action as of late, with many altcoins posting 100% or more gains since they reached their bear market bottoms. It’s caused many traders and analysts to agree that an alt season has been upon us.
However, a massive Bitcoin rally halted alt season in its tracks, but it’s since resumed now that Bitcoin made it through resistance at $5,350 that had appeared to keep the rest of the market at bay.
Altcoins Rebound Following Bitcoin’s Latest Bullish Move
Bitcoin and the rest of the crypto market have experienced strong gains since the start of 2019, and is showing no signs of slowing. After a recent powerful rally, BTC made a quick consolidation pause between $4,800 and $5,200 before continuing on its journey back toward $6,000.
As Bitcoin price consolidated, altcoins suffered. The correlation between Bitcoin and alts is fickle – occasionally alts fall while Bitcoin climbs, while other times they rally alongside their older crypto brother.
Now that Bitcoin has broken through resistance at $5,350, the alt season that had the crypto space irrationally exuberant once again seems to be getting a second wind.
Related Reading | Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us
Of the top ten cryptocurrencies by market cap, Cardao (ADA) is the clear winner, with an over 7% gain on the day thus far relative to Bitcoin’s 3% gain. EOS is close behind it, with a 4.77% surge. The rest of the top ten experienced between 2 and 3% gains on the low and high end of things, as alts like Ripple, Ethereum, Litecoin, and Stellar all remained relatively stable.
The price action lower down the list of top cryptocurrencies is where the resurgence of alt season is going strong, with Repo Coin – a blockchain for repossessing automobiles – painting a nearly 75% gain on the day. Right above it is Lambda, which is currently enjoying a 50% rally.
Today’s top gainer, according to CoinMarketCap, is RealTract, which has more than doubled in value, with over a 165% gain in the last 24 hours. Gains like this are virtually unheard of in traditional markets without leverage.
BTC Dominance Continues to Keep Major Alts At Bay
While Bitcoin was close to breaking below 50% dominance, it has since risen 1% and is showing signs of strength. BTC dominance is regularly used to gauge the health of the altcoin market in comparison with Bitcoin.

I know the total market cap shouldn't be used for TA but it shows that the alt spring might be close to be over. I might re-enter the alt market once it bounces on that blue area #Crypto pic.twitter.com/lCJnn29PbB
— SwissQuant (@SwissQuant) April 9, 2019

Most traders don’t put much weight in applying technical analysis to Bitcoin dominance charts, but it’s clear that a strong break below 50% would cause altcoins to skyrocket, while Bitcoin remains relatively stable. However, if Bitcoin continues its bullish momentum, dominance should only rise, causing altcoins to bleed out their recent value increases as investors take profits back into Bitcoin via altcoin trading pairs.
Related Reading | 2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in Value 
If the latest price action in the crypto market is anything to go by, Bitcoin gets the final say over if alt season continues.
Featured Image from Shutterstock
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Bitcoin’s [BTC] problem is that it’s blind, deaf and dumb, you can’t really do much with it, says Charles Hoskinson

Charles Hoskinson, the CEO of IOHK and Co-founder of Ethereum, spoke about Cardano’s progress since IOHK released ‘Cardano whiteboard and overview with Charles Hoskinson’ video in October 2017, in an interview with Ivan on Tech, on 9 April 2019.
The interview began with Hoskinson stating that the actual inception of Cardano was in 2015, when it was an “aspirational project”. He stated that the team identified three different areas that required focus in order to compete with Bitcoin and Ethereum, while also being unique. This was followed by Hoskinson stating that Bitcoin’s idea was to be decentralized money and to create a decentralized ledger. He said,
“[…] it wasn’t until 2013 that that really solidified and we reached a billion dollar market cap and people said oh cryptocurrencies are here to stay. The problem with Bitcoin is it’s blind deaf and dumb you can’t really do much with it […]”
He stated that even “minor things” such as issuing another asset was a “big, exhaustive effort”. Hoskinson added that Ethereum was created in 2013 using a concept that enabled people to implement “whatever they want on top of that” by adding a programming language to a blockchain. He went on to state,
“[…] the problem is that a definitely scale, it’s not really interoperable with all the other systems, there are over a thousand different cryptocurrencies that matter. And finally, there really is no governance notion with it, there’s no sustainability. So then, who pays and who decides […]”
Hoskinson stated that the 2017 video where he presented the roadmap and overview of Cardano laid out a “collection of ideas” that the team came up with two years earlier. He further stated,
 “[…] what we did is we said alright, let’s launch a cryptocurrency, let’s build a big community  in a big support base around these concepts and then let’s gradually roll the fruits of that research into that cryptocurrency […]”
He added that ever since the release of that video, Cardano has launched its first version, Byron, which got listed on more than 25 cryptocurrency exchange platforms. He added,
“[…] we’ve done five major updates to the network, we have ledger support, mobile wallets, a browser-based wallet. we have a few hundred thousand people floating around our community and we’ve now produced over 40 research papers about 20 of which of got through peer review […]”
Hoskinson further stated that Cardano was “right at the cusp” as the team would be rolling out major innovations on the Mainnet, including the Ouroboros Genesis which, according to him, “would allow to fully decentralize the network” and also be the “best-in-class” Proof-of-Stake [PoS]. He further stated that Plutus was also one of the major updates coming up for Cardano, adding the smart contract programming language to the blockchain.
The post Bitcoin’s [BTC] problem is that it’s blind, deaf and dumb, you can’t really do much with it, says Charles Hoskinson appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: $6 Billion Retreat From 2019 High, How Low Will it Go?

Crypto markets retreat after yesterday’s high; Binance Coin, Cardano, BSV, NEO, Ethereum Classic and Maker dumping, Tron survives.
Market Wrap
Crypto markets are starting to correct as $6 billion gets dumped and traders take profits. The move was not unexpected as many had predicted a pullback for Bitcoin as it approached heavy resistance. The day after reaching a new 2019 total market capitalization has dropped back below $180 billion again.
Bitcoin hit an intraday high of $5,300 a few hours ago but could not break above it. It had recovered strongly from a low point of $5,150 during US trading the previous day but now appears to be correcting again as BTC falls back to $5,200. Big resistance looms ahead and the pullback has been predicted.
Ethereum has lost 3% on the day falling back to $176 from a 2019 high on Monday. ETH appears to have hit pivotal resistance at the 200 day moving average yesterday which it failed to overcome. If Bitcoin fails to hold above $5k, Ethereum will also fall along with the rest of the markets.
The top ten is a sea of red at the time of writing. Altcoins are starting to dump with the biggest losses suffered by Binance Coin and Cardano, both dropping 6% on the day. Bitcoin Cash and Litecoin have lost 4% as BCH flips LTC for fourth spot. XRP and XLM are about 3% down as the sellers gather momentum in fear of a big dump.
Top twenty losses are even greater with Bitcoin SV, NEO and Ethereum Classic dropping 7 percent a piece. Even a listing on Coinbase Pro could not prevent Maker dumping 7 percent today too. The only altcoin in the green in the top thirty right now is Tron which has made over 3% on the day as Justin Sun launches his own network;

Weekly Report1. Developments on SUN NETWORK.2. 40+exchanges support #BTT.3. #USDT–#TRON successfully tested airdrop on test network.4. @TRONSCAN_ORG showed new transactions records.5. @justinsuntron donated to HUPAN University established by Jack Ma.https://t.co/upp4neCcAQ
— TRON Foundation (@Tronfoundation) April 8, 2019

FOMO: REPO Dumping and Pumping
The top performing altcoin in the top one hundred right now is REPO up a whopping 90% following a dump of a similar amount yesterday. The extremely erratic price movements of this altcoin make it proper P&D material with very little fundamental basis. There are no other altcoins pumping at the moment although WaykiChain is up 9% on the day.
VestChain, having been reported as a scam coin, has dumped 46% over the past few hours. Maximine Coin continues to get battered losing another 15% today and Dogecoin is back in the doldrums with a 13% dump.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization has lost $6 billion over the past 24 hours as it retreats from a new yearly high to $179 billion. The 3% loss has not been unforeseen as corrections following new highs are inevitable. Altcoins appear to be leading the slide at the moment however as Bitcoin’s dominance climbs back over 51%.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto Market In Corrective Decrease: Bitcoin Cash, Tron (TRX), XLM, ADA Analysis

The total crypto market cap seems to be struggling near the $178.0B resistance area.
Stellar (XLM) price corrected lower and traded below the $0.1300 support area.
Bitcoin cash price is down around 6% and it may revisit the $280 support level in the near term.
Tron (TRX) price is up more than 3% and it is likely to break the $0.0300 resistance area.
Cardano (ADA) price is down close to 7% and it seems to be heading towards the $0.0800 support.

The crypto market cap is moving lower, with a corrective decrease in bitcoin (BTC) and Ethereum. Ripple, BCH, stellar (XLM), EOS and Cardano (ADA) are down, while Tron (TRX) is gaining traction.
Bitcoin Cash Price Analysis
Recently, we saw a fresh increase in bitcoin cash price above the $300 and $310 levels against the US Dollar. However, the BCH/USD pair failed to gain traction above the $320 and $325 resistance levels. As a result, there was a downside correction below $310.
The price is down around 6% and it is trading near the $300 level. If there is a downside extension, the price may revisit the $280 support level in the near term.
Stellar (XLM), Tron (TRX) and ADA Price Analysis
Stellar price failed to hold gains above the $0.1320 level and recently corrected lower. XLM price is down around 4% and it recently broke the $0.1300 support level. The next key support is at $0.1265, where buyers are likely to take a stand. On the upside, the previous supports at $0.1300 and $0.1320 are likely to act as strong hurdles for buyers.
Tron price is trading nicely today above the $0.0280 resistance level. TRX price is up more than 3% and it seems like it is setting up for a break above the key $0.0300 resistance level. A successful close above the $0.0300 level could push the price towards the $0.0320 level in the coming sessions.
Cardano price failed to settle above the $0.0900 resistance level and it recently declined below the $0.0880 support level. ADA price is down by more than 6% and it is currently trading below the $0.0850 support level. The next key support is near the $0.0820 level.

Looking at the total cryptocurrency market cap hourly chart, there is a strong resistance formed near the $178.0B and $178.5B levels. There could be a double top pattern forming near the $178.0B level and the market cap might start a corrective decrease in the near term. If it breaks the channel support at $171.0B, it could correct lower towards the $165.0B support and a bullish trend line. Any substantial decline is very unlikely, and bitcoin, Ethereum, EOS, stellar, LTC, ADA, EOS, ripple, TRX and other altcoins could bounce back soon.
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Cardano [ADA] Bull Unstoppable After Beating Stellar [XLM] From 8th Largest Spot

It’s no doubt that Bitcoin is catching a bull run since the start of April 2019 – however, other altcoins such as Cardano (ADA) and Bitcoin Cash (BCH) is on their way to outperform the other coins.
The latest market cap of Cardano has skyrocketed which makes it today’s 8th largest cryptocurrency of the market. Consequently, Cardano (ADA) sees the growth of 5.5% and overtook long-standing Stellar (XLM) from its eighth spot.
Source: CoinMarketCap
Crypto market is running a bullish rally with Bitcoin Cash took over Litecoin and stands on 4th largest position, Cardano (ADA) also began touching the new highs. To sail in the top places of Coinmarketcap ranking, Cardano (ADA) first overtook TRON from the 10th spot, then Tether from its 9th position and then stellar from 8th position respectively.
According to the data from Coinmarketcap, ADA presently trades at the value $0.093 against US Dollar and drives the gain of 5.5% over the past 24 hours. In comparison to Stellar (XLM), the average market capitalization of ADA has surged to $2,416,131,194 against XLM’s average trading volume $2,388,887,348.
It’s worth to note that the soaring volume of Cardano (ADA) can be seen on ZBG, Binance, Huobi Global, Upbit, HitBTC, ZB.com, HitBTC, OKEx, and other exchanges. Nevertheless, the trending pairs of Cardano at these exchanges are USDT and BTC, few other includes KRW and ETH correspondingly.

Meantime, yet another exchange, Bitrue has announced ADA listing with multiple pairs. Reportedly, ADA cryptocurrency is the long-awaited listing at Bitrue which comes with the pair of XRP, BTC, and USDT.

Do you think Cardano outperforms Binance’s BNB token in terms of market capitalization? Let us know what you think.
The post Cardano [ADA] Bull Unstoppable After Beating Stellar [XLM] From 8th Largest Spot appeared first on Coingape.
Source: CoinGape

IOHK Summit in April at Miami Beach Presents on Scalability & Interoperability in Blockchain

Coinspeaker
IOHK Summit in April at Miami Beach Presents on Scalability & Interoperability in Blockchain
IOHK Summit: April 17-18.
IOHK Summit in April at Miami Beach Presents on Scalability & Interoperability in Blockchain

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Source: CoinSpeaker

Crypto Market Pumps 30%: Litecoin (LTC), Bitcoin Cash, TRX, ADA Analysis

The total crypto market cap rallied more than 30% and broke the $165.0B resistance.
Litecoin (LTC) price climbed more than 25% and broke the $75 resistance.
Bitcoin cash price surged close to 50% and traded above the key $250 resistance.
Tron (TRX) price broke the key $0.0240 and $0.0250 resistance levels.
Cardano (ADA) price surged more than 20% and broke the $0.0850 resistance.

The crypto market cap jumped more than $40 billion, with a strong uptrend in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA rallied significantly.
Bitcoin Cash Price Analysis
Bitcoin cash price was one of the best performers in the past few hours against the US Dollar. The BCH/USD pair climbed more than 50% and broke many resistances such as $220, $240, $250 and even $260. The pair traded close to the $275 level and it is currently correcting lower.
On the downside, an initial support is near the $250 level, below which the price may test the $240 support area. On the upside, the main resistance is near the $275-280 zone.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price also followed bitcoin and rallied more than 25%. LTC price started a significant upward move after it broke the $65 and $70 resistance levels. The price even cleared the $80 resistance and traded close to the $85 level. It is currently correcting lower towards the $75 support level. The main support is near the $170 level.
Tron price was a bit slow to react, but it managed to clear the key $0.0240 and $0.0250 resistance levels. TRX price traded above the $0.0275 level and it seems like it may slowly move higher towards the $0.0292 and $0.0300 resistance levels.
Cardano price gained bullish momentum above the $0.0700 and $0.0720 resistance levels. ADA price even broke the $0.0880 and $0.0900 resistance levels before correcting lower. It may test the $0.0800 support level before a fresh increase.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp upward move once there was a break above the $140.0B resistance level. The market cap gained more than $40.0B from the $130.0B swing low and rallied above the $150.0B and $160.0B levels. It tested the $170.0B level and is currently correcting lower. An initial support is near the $160.0B level, followed by the $155.0B pivot zone. On the upside, a break above the $170.0B level may open the doors for a push towards $176.0B or $180.0B in the coming sessions. Overall, there could be more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Bitcoin for Altcoin: Top cryptocurrencies ride high on King Coin’s coat-tails

Bitcoin [BTC], the undoubted king of the cryptocurrency market, reinstated its dominance by anchoring a massive $20 billion rise in the collective market. After many analysts pegged altcoin to anchor a crypto bull-run, Bitcoin took the bull by the horns and lifted the market to an unprecedented four-month high, with significant gains unseen since the 2017 cryptocurrency boom.
Several reasons have been cited for this sudden upswing, from resolute protection against 51 percent attacks for the Proof-of-Work coin, officials at the SEC backing the idea of an imminent crypto-spring, and even an April fools’ article that stated that the Bitcoin ETF had been approved. However, from a market analysis standpoint, the shattering of one prominent level spelled the tale of BTC’s rise.
The 200-day moving average line, which tracks the average BTC price over a 200-day period, was broken on the back of this pump inducing a persistent BTC rise, which, at press time, still continued. It should be noted that prior to the aforementioned level being broken, the immediate resistance level of $4,200 was surpassed. Bitcoin broke the $4,715 moving average line, which analysts say will sustain its price.
Bitcoin’s massive price pump saw the king coin dominate the market share, with its share surging from 50.2 percent to over 52 percent in a matter of hours. Riding on the coat-tails of Bitcoin were several top virtual currencies in the market.
EOS [EOS]
Source: Trading View
EOS, now on the fourth spot on the global coin market, surged following the release of the Weiss Ratings and the Bitcoin price pump.
After the Weiss report came out, the coin jumped by over 11 percent in the market and overtook Litecoin. The Bitcoin-EOS price propulsion saw the latter shoot up by 10.28 percent from $4.18 to $4.61 in a one-hour period. Since then, the coin sustained its price level and at press time, was looking to push further. EOS also broke the $4 billion barrier in this bullish swing, with the coin adding over $380 million in the past eight hours.
Litecoin [LTC]
Source: Trading View
After being pegged down to the fifth spot on the coin ladder, Litecoin gained by 11 percent against the US Dollar in a 24-hour window. The silver coin rose on the back of its growing hash rates. Towards the end of March 2019, the LTC hash rate recorded was 321.35 TH/s, compared to its all-time high of 342.88 TH/s. The hash rate growth was a clear indication of the mining profitability in the Litecoin network.
A comparison of the hash rate pump and the Bitcoin-induced pump shows a gulf of difference. The former saw the coin rise by 4.25 percent to $62.98. However, the latter saw the coin push up by 11.39 percent to $67.57, with the coin’s price still on the rise. In terms of market capitalization, the coin added over $400 million in a matter of six hours.
Cardano [ADA]
Source: Trading View
On the back of several announcements, ADA proponents have seen the coin’s price rise over 20 percent in the past few weeks. Ledger’s inclusion of the coin on their wallets saw Cardano surge into the top 10, while the 1.5 mainnet update added numerous features to the network.
Cardano’s first cycle of upward movement saw the coin reach 0.0727, on the back of a minor 4.45 percent rise. The downpour began at 0400 UTC when the coin’s price first rose by 7.75 percent in less than an hour, and then again by 6.72 percent in the next two hours as Cardano reached its highest price in over four months. Within the same period, the tenth largest virtual currency in the market added over $160 million and broke the $2 billion barrier.
TRON [TRX]
Source: Trading View
The DApp-heavy cryptocurrency was recently booted out of the top 10 by Cardano. However, the coin began the week on a high with positive news coming out of Japan. The Tron Foundation stated on 31 March that it became the biggest blockchain based DApps platform with a notable developer base. Further, Tokyo’s regulators will be working closely with Tron and will provide necessary support for applications to adhere to the stipulated rules.
As the king coin boomed in price, TRX was trading at $0.0242 and rose by 9.91 percent to reach $0.0266 in less than six hours, which later declined mildly to $0.0263. In the same time period, the coin saw over $150 million added to its valuation.
Monero [XMR]
Source: Trading View
The privacy-centric cryptocurrency also saw a massive price rise in the past few days. Prior to the BTC green wave, XMR proponents were buoyed by major announcements, including the Tokenomy listing and the Messari report on the cryptocurrency.
Bitcoin’s pump at the close of April 1, saw Monero trading at under $60, following which the first price pump pushed the coin up by 9.08 percent to reach $64.36 within a two-hour window. Thanks to Bitcoin’s pump, Monero overtook Dash [DASH] on the ladder adding over $100 million to its market cap in the process.
Bitcoin for Altcoin
Bitcoin’s massive price rise has always served as a catalyst for collective market upheaval. The king coin managed to amass a whopping 15 percent price rise, with some exchanges pegging the coin’s price at over $5,000. EOS, Litecoin, Cardano, TRON, and Monero were the highest gainers in the market following Bitcoin’s rise, with several coins seeing monthly highs.
The bullish swing has not only allowed Bitcoin to reiterate its market dominance, but also contributed to many investors chiding the altcoin-fever for a return to Bitcoin maximization.
The post Bitcoin for Altcoin: Top cryptocurrencies ride high on King Coin’s coat-tails appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

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Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day
On Tuesday, Bitcoin price jumped nearly 20% in just under an hour registering massive recovery after heavy consolidation. Along with Bitcoin, altcoins too have joined the bull show.
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

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Source: CoinSpeaker

Crypto Market Jumps $10 Billion: Bitcoin Cash, Tron (TRX), ADA, IOTA Analysis

The total crypto market cap is accelerating higher above the $140.0B resistance level.
Bitcoin cash price is about to clear the $170 resistance level.
Tron (TRX) is up around 10% and it could accelerate above the $0.0260 level in the near term.
Cardano (ADA) is slowly rising towards the $0.0720 resistance area.
IOTA (MIOTA) is up around 4% and it recently broke the $0.3250 resistance area.

The crypto market is climbing higher, with solid gains in bitcoin (BTC) and Ethereum (ETH). Tron (TRX) rallied more than 8%, and ripple, Litecoin (LTC), IOTA and Cardano (ADA) are trading with bullish moves.
Bitcoin Cash Price Analysis
Bitcoin cash price found support near the $162 level and later bounced back above the $165 level against the US dollar. The BCH/USD pair is currently trading nicely above the $168 level and it is likely to climb above the $170 resistance level in the near term.
On the upside, the next key resistance is at $172, above which the price may revisit the $175 level. On the downside, the key support is $165, followed by the $162 pivot level.
Tron (TRX), ADA and IOTA Price Analysis
Tron price formed a solid support base above the $0.0232 level. Finally, TRX buyers gained traction and pushed the price above the $0.0235 and $0.0240 resistance levels. It opened the doors for more gains and the price rallied above the $0.0250 level. The next key stop for buyers is near the $0.0260 level.
Cardano price recently climbed above the $0.0700 level and later started consolidating gains. ADA price is currently moving higher and it may soon test the $0.0720 resistance. A clear break above $0.0720 is likely to open the doors for a push towards the $0.0750 level. On the downside, the main support is at $0.0700.
IOTA (MIOTA) started a decent upward move above the $0.3100 resistance levels. It broke the $0.3180 and $0.3200 resistance levels and it is currently trading above the $0.3250 level. The next stop for buyers could be $0.3500.

Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady rise above the $135.0B and $137.0B resistance levels. The market cap even broke the $139.0B and $140.0B resistance levels. The current bias is very positive and suggests more gains above the $142.0B and $144.0B levels in the near term. On the downside, there are many supports near the $139.0B level, which was a resistance earlier. There is also a major bullish trend line in place with support near the $139.0B level. Overall, the market is placed nicely in a positive zone, and there could be more upsides in bitcoin, Ethereum, EOS, ripple, IOTA, litecoin, BCH, ICX, EOS, XLM, and other altcoins.
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Crypto Market Wrap: Bitcoin Dominance Hits Seven Month Low, About to Drop Below 50%

Crypto markets cooling as the week ends; Cardano, Tezos and BAT climbing, Maker pulling back.
Market Wrap
Crypto markets are ending the week on a high but it remains to be seen if the momentum will continue into the weekend. Total market capitalization has remained over $140 billion but resistance levels still appear too strong for the majors to overcome.
Bitcoin hit an intraday high of $4,090 a couple of hours ago before sharply pulling back again as if stung by this price. It is currently trading at $4,040 which is pretty much where it was this time yesterday. On the week BTC is marginally higher but it still cannot overcome this resistance barrier as its market dominance continues to get eaten away by altcoins.
Ethereum is still stuck at $138, immobile over the past 24 hours and the best part of the past week. Market cap remains at $14.5 billion and there has been little activity for ETH for a while now. Likewise with XRP which still stuck at $0.308 and trading sideways.
The top ten has turned red over the past couple of hours of Asian trading, though declines are marginal. The only altcoin in the green is Cardano which has held on to its top ten position with a further gain of 4% on the day to take ADA to $0.068 (1700 satoshis). Despite being one of the biggest losers in the bear marker the Cardano team have soldiered on with IOHK Founder Charles Hoskinson making several public appearances to bolster the industry and project. The rest of the top ten has dipped a percent or so since yesterday and EOS is cooling off after its solid run this week.
Tezos is one of the few altcoins in the top twenty posting a gain on the day as XTZ adds 6% taking price to $0.803. Over the past month Tezos has doubled in price and climbed the market cap chart to its current spot at 19th. Dash has also made a little today with 1.8% gained while those around it are dropping back a little. Maker has dumped the most losing 6% over the past 24 hours.
FOMO: Repo Reaping It
The top performer in the top one hundred at the time of writing is REPO with a 16% gain to $0.547. The chart spikes look very unnatural however so this one is likely to dump just as quickly. There have been no updates to the official twitter feed for Repo Coin for over a month. KuCoin Shares and BAT are the only other two altcoins with double digit gains at the moment as both climb by 11%.
Decentraland is falling hard with 17% lost over the past 24 hours as it dumps yesterday’s pump. ABBC Coin is the only big loser today with a 10% slide.
Bitcoin market dominance 12 months. Coinmarketcap.com
Total market capitalization has lost a billion dollars over the past day and is down to $141 billion. A couple of ominous looking chart spikes were quickly countered but markets are still up marginally from this time last Friday. Daily volume is around $32 billion as Bitcoin’s dominance continues to fall closer to that 50% level hitting its lowest point since August 2018.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Emurgo-Ledger Partnership Fuels Cardano (ADA) Demand, up 23 Percent

Cardano price up 21.9 percent from last week’s close
Ledger Nano S now supports ADA
A breakout above 6 cents at the back of high transaction volumes means bulls are in control

Ledger Nano S now supports Cardano (ADA) after Yoroi’s integration with the hardware wallet maker. Because of their superior market share, Ledger’s support is beneficial for ADA since more users would be willing to invest and securely hold their assets. Meanwhile, increasing demand could further drive Cardano (ADA) prices above 9.5 cents towards 20 cents.
Cardano Price Analysis
Fundamentals
Holders of Cardano (ADA) can now purchase Ledger Nano S and confidently store the coin’s private keys, Emurgo and Ledger have announced. The integration began yesterday after Emurgo, the business wing of the Cardano triage, said Yoroi, the native wallet of ADA, was now supported by ledger devices.
“Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications, and EMURGO – the official commercial arm of Cardano, the first peer-reviewed third generation blockchain – are excited to announce full integration of Cardano’s ADA with the Ledger Nano S.”
No doubt, this is a step in the right direction and cements Cardano’s figureheads drive towards making the smart contracting platform mainstream. As the first peer-reviewed and innovative platform, the projects aim is to dislodge Ethereum through a scalable and secure network where quality over quantity (of development and code) is always a top priority.
Besides, while this integration secures user interest, it also reveals Cardano’s preferences. Ledger is a de-facto leader and since inception, it has sold more than 1.5 million devices. Furthermore, it is also the only wallet with certification from the thorough French Cybersecurity Authority, the CSPN.
Candlestick Arrangement

At the time of press, Cardano (ADA) is ahead of the pack, outperforming other assets and up 23 percent from last week’s close. It is the ninth most valuable coin, closing in on USDT and Binance Coin. From candlestick arrangement, we expect ADA to add to their gains.
Not only is it trading within a bull breakout pattern after clearing the 4.5 cents resistance level but accompanying volumes are highs. Because of high participation, BB is widening. Besides, ADA bull bars are banding along the upper BB meaning momentum is equally high favoring buyers.
As a result, every low should be a buying opportunity. The ideal first minor target should be Q2 2018 highs at 9.5 cents.
Technical Indicators
As prices edge higher, transaction volumes should exceed Mar 23 average of 231 million. It is no doubt that sustained volumes would easily propel prices to 9.5 cents.
Chart courtesy of Trading View
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