Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, Ethereum, NEO and Cardano’s ADA

The struggle between the bulls and the bears is apparently behind us as Bitcoin has quickly climbed above $9100 after a pullback. The tussle that the market now faces is between altcoins and Bitcoins. While Facebook’s cryptocurrency launch restores the regulatory faith around cryptocurrencies, the spotlight that Bitcoin has been gaining from institutional investors stands out in the crowd.
Bitcoin [BTC] has risen past $9000 again as the break towards $10000 seems highly probable. At the beginning of last week, its price was looking to break bearish below $7000. However, the asset has continued to rise as institutional interest in Bitcoin has been on the rise.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $7901
Closing Price: $9083
The weekly Loss: 14.9%
Weekly High/Low: $9388/$7516
Ethereum [ETH]
Ethereum Foundation researcher Justin Drake recently announced a tentative date for the release of the much anticipated Ethereum 2.0 Blockchain platform. According to him, the launch can be expected on January 3, 2020.
ETH/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $235
Closing Price: $269
The weekly Loss: 14.4%
Weekly High/Low: $278/$227
Litecoin [LTC]
Litecoin gained impressively at the beginning of the week as the speculation before the halving on August 7, 2019, reached its zenith. The price looked to break above $150; however, the profitability of mining suggested that halving is not likely to need the increase in price.
Moreover, the increasing FOMO in Bitcoin has the potential to shadow the gains in the altcoins.
LTC/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $117
Closing Price: $135
The weekly gains 15.3%:
Weekly High/Low: $144/$112
Cardano’s ADA
Cardano’s traders looked somewhat uncertain this week. Nevertheless, it sought to break above the resistance above $0.1 again.
ADA/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $0.078
Closing Price: $0.091
The weekly gains 16.6%:
Weekly High/Low: $0.099/$0.077
NEO
NEO looked highly bullish as it broke above the resistance at $13.5. It is one of the more popular platforms for smart contracts and dapps in China than Ethereum.
Also Read: NEO Price Analysis: NEO/USD Bulls Outperform Themselves Setting Grounds for Rally
NEO/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $11.6
Closing Price: $14.1
The weekly gains 21.5%:
Weekly High/Low: $14.8/$11.2
The increases in Bitcoin [BTC] initially put pressure on altcoins as they lost value in terms of Bitcoin [BTC]. XRP is trading 8% lower concerning Bitcoin since the beginning of the week. The pressure on XRP can also be attributed to Facebook’s cryptocurrency announcement.
Nevertheless, the increasing market capitalization is having a positive effect on the price of altcoins as well. The total market capitalization of cryptocurrency markets is $282 billion. The percentage dominance of Bitcoin increased from 55.3% to 57.2% in the last week.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 16th June 2019. 
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Source: CoinGape

Cardano’s Charles Hoskinson explains his views on the new ‘Cardano Roadmap’

IOHK shared the redesigned roadmap for Cardano after scrapping the old one. The new roadmap details their vision for Cardano from 2019 through 2021. Charles Hoskinson detailed the reasons that went into the new roadmap in “The Cardano Effect” Podcast on June 9.
IOHK tweeted:

Today, we're very pleased to share our completely redesigned roadmap, charting our progress towards the Cardano 2020 vision. Here's where we'll keep the community updated over the months ahead https://t.co/t1kjKY09lk #Cardano #CardanoCommunity #Blockchain
— Input Output (@InputOutputHK) June 5, 2019

Hoskinson said that roadmap was “the reflection of the philosophy of how something is built” and that the old roadmap was based on percentages and quarters and that once they started building things based on the old roadmap they discovered that things weren’t as simple as they thought they would be.
According to Hoskinson, the old roadmap compared to the project/product management, the actual product delivery process had tuned out of sync with each other. This led to them breaking down the roadmap into steps that could be achieved step-by-step; Byron was the first step in this direction, which is followed by Shelly, Goguen, Basho, and Voltaire.
He further mentioned that Byron was the first step where they built applications and APIs to make sure that they could get on exchanges, third-party apps, etc. This was followed by Shelly, which concentrated on the “decentralization” aspect of Cardano and defining what decentralization means to them. And each ear, be it Byron or Shelly needs to have a demarcation that explains what was accomplished in that particular phase, said Hoskinson.
Hoskinson added:
“So the way that we try to structure this roadmap is to know that these are not necessarily linear, where you do one and you go to the next one in the next one. These things kind of sit on top of each other and they stagger. So you know Byron is nearly done and we’re kind of leaving
that eros so that’s closed out but Shelley is going to keep going because the goal there’s decentralization…”
He said that this roadmap was structured considering the end, where they would need to handover this ecosystem to the Federation of actors and to every single person that cared.
The post Cardano’s Charles Hoskinson explains his views on the new ‘Cardano Roadmap’ appeared first on AMBCrypto.
Source: AMB Crypto

Cardano Success Depends on Shelly, ADA Shaky Below 9.5 Cents

ADA down 2.1 percent
Shelly TestNet set for June

Focus is on Shelly and what it brings to Cardano: Decentralization. Test Net said to be this month. According to commentators, its success could either mean success or failure for IOHK and Charles Hoskinson. At the time of writing, ADA is shaky, falling 2.1 percent from last week’s close.
Cardano Price Analysis
Fundamentals
There is evidence that the crypto space is full of talented developers. Diluting their building efforts are schemers and pump and dump artists. Their artistry can be at a significant loss for honest investors. These are individuals who are keen on clipping the market and earning what is rightfully theirs.
On the other end are quick rich scheme masters and perpetrators of pump and dumps. Regulators are after them. Besides them, there are also after creators of flimsy, half-baked but well marketed platforms. So prevalent were they that a comprehensive report revealed that investors lost billions of dollars in ICOs.
However, Cardano is after something else. Charles Hoskinson, the mastermind of this innovative project, is categorical. Their peer reviewing of every product, every smart contract is for good reasons:  To give credence to the results of their Research and Development. Behind it is the objective of flipping Ethereum and being a go-to platform where the code is law and smart contracts are verifiable.
Nonetheless, there is a level of disenfranchisement, even after Shelly. Already, select pools of validators are available for test-net later this month. However, the hard question is whether prices will rally if the test net is successful.
Candlestick Arrangement

Presently, Cardano (ADA) is trading within a bullish breakout pattern. After an astounding Q1 2019-spilling to April and May, ADA price increment means the asset is trading in the top-10.
Nonetheless, bears are running havoc. Like most coins, it is down 2.1 percent in the last week. If Stellar steadies, resisting sellers, XLM could flip ADA to ninth. Even so, that is not to dismiss ADA buyers. After retesting 9.5 cents and failing to close above that main resistance line, printing lower lows against the upper Bollinger Band (BB), ADA prices may drop to 6 cents.
That will constitute a retest that is so typical of a breakout pattern. Already there are hints. There is a double bar bear reversal marked by May 30th bear bar. The absence of buy pressure gives bears a leeway to press lower as revealed by June 3rd through 6th bears.
On the other hand, any sharp thrust above 9.5 cents confirms bulls of early April. That could see ADA rally to 12 cents.
Technical Indicators
From above, the May 30th bar is leading. It is extensive as it is and has high trading volumes of 367 million. Any surge above 9.5 cents or drop below 6 cents confirming or nullifying this price forecast must ideally be with high engagement exceeding 367 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Source: New feedNewsBTC.com

Cardano’s Charles Hoskinson cautions against ‘Goliaths’ such as Microsoft and Facebook acquiring permanent monopoly

Cardano’s Charles Hoskinson stands as one of the most influential entrepreneurs in the crypto-ecosystem, owing to his online presence and live discussions with crypto-enthusiasts and general viewers. Hoskinson featured in a recent interview, discussing his take on the ways to improve global crypto-adoption.
The Ethereum Co-founder suggested “a re-balancing of power (similar to Switzerland )” as the first step to enable crypto-acceptance. He said,
“It’s crazy that we have people in their eighties and nineties lecturing Mark Zuckerberg on how he should run Facebook! The only way out is to call another constitutional convention and gradually chip away the bureaucracy over 10 or 20 year period”
Additionally, he pointed out that the U.S “doesn’t have the money to be the policemen of the world.” Hoskinson also highlighted goliaths such as Microsoft, Facebook and Google being able to attain only temporary monopoly. But on the other hand, government’s involvement in setting standards for such platforms can award such companies a permanent monopoly. He argued that the cryptospace can counter this by creating decentralized social networks that will be just as viable with greater self-sovereignty.
Hoskinson added that Cardano’s role is to create a self-sustaining economy, which can be used like fiat to buy/sell services. This will in turn, increase the ADA supply demand, “unlike gold’s value that was driven by speculation.”
Further, crypto-adoption can also be increased by involving developing countries that “trillions of dollars of wealth or potential wealth.” Hoskinson told viewers that this was the reason for his frequent visits to places like Mongolia, Georgia, and Uganda. After revealing his strategy for ADA adoption, he said,
“If you can free them up and become the monopoly in all those jurisdictions, you’ve got an army bigger than anybody else’s army. And then you can come back to the western world with it and then eventually conquer them too.”
The post Cardano’s Charles Hoskinson cautions against ‘Goliaths’ such as Microsoft and Facebook acquiring permanent monopoly appeared first on AMBCrypto.
Source: AMB Crypto

Cardano [ADA] Testnet three major milestones away from deployment, says Charles Hoskinson

Cardano’s Charles Hoskinson, one of the co-founders of Ethereum, has been one of the most influential crypto-proponents in the space, known for his unique take on various subjects in the field of cryptocurrencies. Through his latest YouTube video, Hoskinson shared details of some of the latest developments related to Cardano’s [ADA] Testnet.
While explaining the best and the most meaningful way to roll-out a Testnet, Hoskinson highlighted his preference for building a series of refinements and iterations over Haskell client that would eventually lead to the production system (self node).  He added,
“For June, we are gonna implement a YAML generator that allows you to parameterise your personal version of shelley that will allow you to run the system you want.”
Over the same month, Hoskinson also plans to leverage the help of a large Telegram group’s community members to perform several testing scenarios. While this will help testers/users to host self nodes, Cardano hopes “to upgrade the network into a single unified public test by July,” he added. Once the testnet runs as expected on four different hardware configurations, there are plans to move the test systems to the general Internet, which will further enable users to experience a “Mainnet like-experience” such as downloading blocks from other peers.
Hoskinson added that the final upgrade will be adding an incentive system to the Testnet. He said,
“Once the three thresholds are being crossed, then we have high confidence that shelley is ready for primetime from a design perspective and that users can use it correctly”
Hoskinson also went on to compare Haskell and Rust clients with their unique advantages, stating that the “efforts of parallel teams working with these systems can converge to create an optimal design.” Hoskinson concluded by announcing that Cardano is going to work very closely with a Japanese blockchain startup, Emergo, for carrying out testing and ensuring interoperability.
The post Cardano [ADA] Testnet three major milestones away from deployment, says Charles Hoskinson appeared first on AMBCrypto.
Source: AMB Crypto

Cardano [ADA] falls by over 9%; Stellar Lumens [XLM], Bitcoin Cash [BCH] follow suit

The cryptocurrency market was attacked by the bear, causing most major coins to fall. Cardano [ADA] reported fall of 9.63% over 24 hours, followed by Stellar Lumens [XLM] and Bitcoin Cash [BCH].
Cardano [ADA] 
Source: TradingView
At press time, ADA was valued at $0.0764 with a market cap of $1.98 billion. The 24-hour trading volume of the coin was noted to be $136 million, as it noted a fall of 9.63% over the past day. Over the past seven days, ADA fell by 18.79% and continued to fall by 1.48% over the hour.
The coin was highly traded on ZBG exchange, with a trading volume of $67 million via ADA/USDT pair. The second place was taken bu Huobi Global, with a volume of $38 million via ADA/USDT pair. Huobi Global was followed by Binance, as it reported a trading volume of $16 million via ADA/BTC pair.
Stellar Lumens [XLM] 
Source: TradingView
XLM noted a fall of 8.38% over the past day and was valued at $0.1222. The market cap of the coin was $2.35 billion, with a 24-hour trading volume of $412 million. Over the past seven days, XLM fell by 16.15% and went on the fall by 1.22% within an hour.
The exchange to highly trade the XLM/USDT pair was BW.com, as it reported a trading volume of $43 million. The second and third place were taken by LATOKEN with XLM/BTC and XLM/ETH pairs, respectively. XLM/BTC pair reported a trading volume of $40 million
Bitcoin Cash [BCH]
Source: Trading view
Bitcoin Cash [BCH] fell by 7.25% over the past day and was valued at $385.58. The market cap of the coin was noted to be $6.86 billion, with a trading volume of $2.53 billion. The coin fell by 7.49% over the past week and continued to fall by 1.32% within the hour.
The coin was highly traded on OEX with BCG/USDT pair, as it reported a trading volume of $259 million. The second place was taken by CoinBene via BCHABC/USDT pair, with a trading volume of $213 million. The third place was taken by OkEX, with a volume of $189 million via BCH/USDT pair.
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Source: AMB Crypto

Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit

Bitcoin was trading around the $8000 range since 13th May as the bullish momentum on Bitcoin peaked in the next couple of days. The yearly high recorded on Bitcoin [BTC] is $8390-$8410 on 14th May 2019. Nevertheless, like most times, this rise was also followed by a fall. Some traders were apprehensive of Bitcoin another move to $10,000; instead, it broke below $8000.
Bitcoin was trading around $7800-$8000 since yesterday. Bitcoin broke below this level rather hard, the 4-hour candlestick recorded a low of $6178, ove 20% decline. It soon made some recovery as traders rushed to buy the dip. The price of Bitcoin [BTC] at 4: 00 hours UTC on 17th May 2019 is $7348. It is trading 9.33% lower on a daily scale.
Furthermore, the candle-sticks also suggested that a ‘hanging man’ was followed by a huge bearish bottom.
BTC/USD 4-Hour Chart on Coinbase (TradingView)
The altcoins had risen for the past two days after Bitcoin broke away from $8000. The market dominance of Bitcoin of decreased considerably as most altcoins recorded yearly highs on 15-16th May 2019.
Also Read: Bitcoin Pizza Day – ’60 Minutes’ Magazine Interviews Man Who Spent 10000 Bitcoin for Pizza in 2010
Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH]
The losses on Litecoin [LTC] and Bitcoin Cash [BCH] were around 12% as all altcoin traders seem to be abandoning ship, booking profits from yesterday and due to the FUD (Fear, Uncertainty, and doubt) of a massive impending correction in Bitcoin prices.
Ethereum also broke below $250 as well. The price of Ether [ETH] at 4: 20 hours UTC on 17th May 2019 is $245. It is trading 6.44% lower on a daily scale.
ETH/USD 1-Day Chart on Coinbase (TradingView)
The losses in Tron [TRX], Cardano’s [ADA] and EOS were in double digits as well. TRX losses were highest amongst them at about 16.7%. Nevertheless, the losses on ADA and EOS were 13.5% and 9.3% respectively.
XRP broke Below $0.4; Other Altcoins Drop As Well
The cryptocurrency which initiated the altcoin run this week with massive gains above $0.32 touched $0.48 on 16th May 2019. However, it pulled back along with Bitcoin as price over 15% in the last few trading sessions.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Stellar [XLM] which was one of the biggest gainers yesterday recorded 13.45% losses at 4: 30 hours UTC on 17th May 2019. The price of XLM broke below $0.13.
The other altcoins apart from a very few plummeted to similar degrees. The average rate of decline in the cryptocurrency market was around 11.5%.
The dominance and total market capitalization of Bitcoin were around $130 billion and 56.2% at press time. The total market capitalization of cryptocurrencies which was above $260 billion yesterday, fell below $230 billion.
Do you think bearish momentum will take over now or traders will fill in to buy the dip? Please share your analysis with us. 
The post Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run

Bitcoin [BTC] rose from $6000 to $8000 in less than a week. The gain on Bitcoin since the beginning of the month is 52.2%. Moreover, the sudden unprecedented rise made the altcoin traders wary of their investments as it continued to lose value to BTC. Altcoins traders which seemed to be losing value to Bitcoin maximalists are finally seeing green in their ledger.
Bitcoin’s rise cooled of near $8000 for the moment, the low and high from yesterday was $7621 and $8350 respectively. The price of BTC at 4: 00 hours UTC on 15th May 2019 is $8031.
XRP and XLM Continue Gaining on Consecutive Days
XRP seemed to begin the altcoin run as it gained more than 30% on Tuesday. It has continued to gain on the following day as well, as the price of XRP is trading 20.66% higher on a daily scale. The price of XRP at hours UTC on 15th May is $0.432.
XRP/USD 4-Hour Chart on Kraken (TradingView)
Stellar (XLM) which is closely related to ripple in terms of audience and vision rose with the ride as well. The price of Stellar is $0.119. It is trading 13.5% higher on a daily scale.
Ethereum, Bitcoin Cash [BCH], Litecoin [LTC]
Ethereum, the second largest cryptocurrency according to total market capitalization; it added another $2 billion to it in the past day. Moreover, Ethereum also rose w.r.t. Bitcoin [BTC] as it climbed back above 0.027 BTC.
ETH/BTC 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Litecoin [LTC] trading were trading at par on a daily scale. However, the rise in Bitcoin Cash [BCH] has been impressive almost equivalent to Bitcoin [BTC] as it gained almost 50% since the beginning of the month.
BCH/USD 1-Day Chart on Coinbase (TradingView)
The gain on Litecoin [LTC] has been in double digits as well. It broke above the $78 support and resistance, to trade in the $90 range.
Binance [BNB] Coin Breaks $25
Binance [BNB] coin broke above its previous all-time high as it traded above $25. The price which was looking towards the downside last week due to the hack at Binance Exchange has recovered to cement its 7th position w.r.t total market capitalization.
BNB/USD 1-Day Chart on TradingView
BNB seems to be getting resistance from the all-time high levels as it tries to break it for the third time in a month.
Tezos [XTZ], Cardano’s ADA and Tron [TRX] and IOTA Record Double-Digit Gains
Many altcoins traded in the green with double-digit gains on a daily scale. While all ‘good’ alt projects have been in the development phase in the past year, there was no specific reason for the rise of these altcoins except the bull run from Bitcoin [BTC].
Amongst the $1 billion MCap cryptocurrencies, Tezos [XTZ], Cardano’s ADA, Tron [TRX] and IOTA gained above or around 10%. ADA and TRX gained 11.6% and 10.7% on a daily scale. The price of ADA and TRX at 4: 00 hours UTC on 15th May 2019 is $0.085 and $0.0284 respectively. Furthermore, the gains on XTZ were more stupendous as its price broke above $1.6. It gained 17.4% on a daily scale.
The total market capitalization of the cryptocurrency market is closing in on $250 billion as it added about $4 billion in the past day. The dominance of Bitcoin [BTC] corrected from its yearly high of 60%, currently at 58.2%.
With the bull run in progression do you think we’ll reach 2017 highs soon or more accumulation is required? Please share your views with us.
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Source: CoinGape

Crypto Market Rallies $25 Billion, Bitcoin Up 12%: BCH, LTC, EOS, ADA Analysis

The total crypto market cap surged higher and broke the $215.0B and $220.0B resistances.
Bitcoin price rallied more than 12% and it recently broke the $8,000 resistance.
Litecoin (LTC) price is trading nicely above $90.00 and it could test $95.00 or even $100.00.
Bitcoin cash price is likely to break the main $400 resistance level in the near term.
EOS price broke the $5.60 and $5.70 resistance levels, and tested $5.95.
Cardano (ADA) price is gaining momentum and it could soon break the $0.0800 resistance

The crypto market cap surged above $225.0B, bitcoin (BTC) broke $8,000, and ripple climbed 15%. Ethereum (ETH), litecoin (LTC), BCH, EOS, tron (TRX), and ADA are also accelerating gains.
Bitcoin Cash Price Analysis
There were sharp gains in bitcoin cash price above the $360 resistance level against the US Dollar. The BCH/USD pair climbed more than 12% and broke the $370, $375 and $385 resistance levels. The price even climbed towards the $400 resistance level and it is currently consolidating gains.
In the short term, there could be a few range moves, but the price is likely to break the $400 level. The next key resistance is near the $420 level, where sellers may emerge. On the downside, the main supports are $385 and $375.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price climbed higher recently and broke the $82.00 and $86.00 resistance levels. LTC price even broke the $90.00 barrier and it is currently trading near the $92.00 level. On the upside, the next key resistances are near the $95.00 and $100.00 levels.
EOS price is up more than 8% and it recently broke the $5.60 and $5.70 resistance levels. The price is now trading above the $5.85 level and it could soon test the $5.95 and $6.00 barriers.
Cardano price started a strong upward move after it broke the key $0.0700 resistance level. ADA price is up more than 10% and it recently broke the $0.0750 and $0.0760 resistance levels. It seems like the next stop for the bulls is $0.0800, with supports near $0.0760 and $0.0750.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp rise above the $205.0B resistance level. The market cap gained more than $20 billion and broke the $220.0B resistance. It tested the $226.1B level and it could continue to rise in the near term. An immediate resistance is at $228.0B, above which the next stop could be $230.B. On the downside, there are many supports near the $222.0B, $220.0B and $215.0B levels. Overall, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
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Source: New feedNewsBTC.com

Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis

The total crypto market cap surged higher and tested the $200B resistance level.
Bitcoin price gained traction above $6,500 and traded close to the $7,000 level.
Litecoin (LTC) price is up 15% and it recently broke the $85.00 resistance
Bitcoin cash price gained more than 12% and surged above the $300 and $310 levels.
EOS price is also up more than 10% and recently cleared the $5.20 resistance area.
Cardano (ADA) price rallied 12% and it recently broke the $0.0700 resistance level.

The crypto market cap rallied to the $200 billion level, while bitcoin (BTC) climbed towards $7,000. Altcoins also started an upward move, with gains in Ethereum (ETH), litecoin, ripple, EOS, tron (TRX), and ADA.
Bitcoin Cash Price Analysis
There was a strong upward move in bitcoin cash price above the $295 resistance level against the US Dollar. The BCH/USD pair climbed more than 10% and broke the $300, $310 and $315 resistance levels. The price is currently trading above the $320 level and it may continue to rise towards the $330 or $340 level.
Besides, if there is a downside correction, the recent hurdle near the $310 and $300 levels could act as a strong support for the bulls in the near term.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price rallied more than 15% and it recently cleared the $80.00 and $85.00 resistance levels. LTC price is gaining momentum and it seems like it could test the $88.00 or $90.00 level in the near term.
EOS price also followed other major altcoins and gained more than 10%. The price surpassed the main $5.05 resistance level and recently climbed above the $5.20 level. The next key resistance is at $5.35, above which the price could test the $5.50 resistance level.
Cardano price finally started a strong upward move above the $0.0680 and $0.0685 resistance levels. ADA price is up around 12% and it recently cleared the $0.0700 and $0.07100 resistance levels. If the bulls remain in action, the price may rise towards the $0.0730 level.

Looking at the total cryptocurrency market cap hourly chart, there was a steady rise above the $180.0B and $185.0B resistance levels. The market cap gained more than $10 billion and broke a major bullish pattern. It surged towards the $200.00 billion market cap and it is currently correcting lower. On the downside, there are many supports near the $195.0B and $192.0B levels. On the upside, a clear break above the $200.0B resistance may open the doors for more gains towards the $205.0B and $208.0B levels. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
The post Crypto Market Hits $200 Billion, Bitcoin Rallies To $7K: BCH, LTC, EOS, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April

The first smart contract platform Ethereum has proven its worth in the industry by emerging as the top smart contract platform by far in the month of April. The project attracted a total of 263,000 visitors within the month whose total transaction volume amounted to over $500 million.
Ethereum leads in both aspects
Transaction volumes of smart contract platforms
Ethereum recorded the highest transaction volume and number of visitors as well, followed by EOS which had a transaction volume of $115 million and a number of visitors at 68,000. Apart from these two, there is no more consistency in the two metrics. For instance, ADA had the next highest transaction volume of $113 million but with a much lower number of visitors at only 8,000 than it runner up, TRX. TRX, on the other hand, had a lower transaction volume of $27 million but a significantly higher number of visitors (68,000) than EOS.
The inconsistency also follows for NEO with a relatively high transaction volume of $26 million with only 4,000 visitors, XEM with $12 million transaction volume and only 9,000 visitors while ETC had only $10 million with 14,000 visitors.
The implication of differences in transaction volumes
The statistics show that Ethereum was by far the preferred smart contract platform within the month, beating its first runner up (EOS) by nearly $400 million in transaction volume. For ADA, a small number of visitors (8,000) carried out significantly high-value transactions which placed in it the third place while TRX needed a relatively large number of visitors for the relatively small volume that placed it in the third place. This means the transaction volume of smart contract platforms is not determined by the number of visitors but rather by how much their transactions are worth.
Although Tron’s Justin Sun often bragged about his platform surpassing Ethereum, the latest data suggests otherwise as Ethereum is clearly the preferred platform both by the number of visitors and their transaction volumes. Ethereum may be regaining its popularity and position as the lead smart contract platform and who knows? It may be why Sun wants to collaborate with it.
The post Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April appeared first on Coingape.
Source: CoinGape

Crypto Market Jumps $15 Billion: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis

The total crypto market cap is up more than $15.0B in the past three days.
Bitcoin price rallied more than 5% and traded above the $5,800 resistance level.
Litecoin (LTC) price is up around 6% and it broke the key $75 and $78 resistances.
Bitcoin cash price rallied 10% and broke the main $295 and $300 resistances.
Tron (TRX) price finally broke the $0.0242 and $0.0245 resistance levels.
Cardano (ADA) price is back above $0.0700 and it may climb further towards the $0.0750 level.

The crypto market cap rallied, with strong gains in bitcoin (BTC), litecoin (LTC), bitcoin cash and EOS. Cardano (ADA), Ethereum (ETH), ripple, TRX, XLM and BNB are gaining traction.
Bitcoin Cash Price Analysis
Bitcoin cash price started a strong upward move and broke the $280, $290 and $295 resistance level against the US Dollar. BCH/USD broke the main $300 resistance level and it is currently trading with a strong bullish bias.
If the bulls remain in action, there are chances of more gains above the $310 and $315 resistance levels. If there is a downside correction, the price is likely to find bids near the $300 and $295 supports.
Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis
Litecoin price also gained momentum and broke the key $75 and $78 resistance levels. LTC is up more than 6% and it recently climbed above the $80 level. If there are more gains, the next stop for the bulls could be near the $85 level in the near term.
Tron price finally managed to gain strength above the $0.0242 resistance and tested the $0.0245 level. TRX price is trading with a positive tone and it seems like there could be an upside extension above the $0.0250 level in the near term.
Cardano price is slowly gaining traction and recently broke the $0.0690 and $0.0700 resistance levels. ADA price is likely to climb further higher if there is a clear break above the $0.0710 level in the near term. On the downside, the previous resistance at $0.0700 may act as a support.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $170.0B resistance and recently there was a break above the key $175.0B and $180.0B resistance levels. The market cap added more than 15.0B in the past three days and it tested the $186.0B level. On the upside, the next key resistances are near the $188.0B and $190.0B levels. If there is a downside correction, the main supports are at $180.0B and $178.0B. Overall, dips remain supported and there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.
The post Crypto Market Jumps $15 Billion: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis

The total crypto market cap climbed higher sharply and broke the key $170.0B resistance.
Litecoin (LTC) price is up more than 6% and it recently broke the $74 resistance
Bitcoin cash price surged more than 13% and surpassed the key $270 barrier.
EOS price is slowly grinding higher towards the $4.85 and $4.90 resistance levels.
Cardano (ADA) price is up more than 5% and broke the $0.0680 resistance level.

The crypto market cap cleared many hurdles, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as bitcoin cash, litecoin (LTC), ripple, EOS, tron (TRX), and ADA are gaining strength.
Bitcoin Cash Price Analysis
There was a strong upward move in bitcoin cash price above the $250 resistance level against the US Dollar. The BCH/USD pair surged more than 13% and broke the $255, $262 and $265 resistance levels. The price is currently trading above the $270 level and it may continue to rise towards the $275 or $280 level.
Conversely, if there is a downside correction, the recent resistances near $265 or $262 might act as supports and prevent a bearish break in the near term. The next main support for the bulls is near $255.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price formed a decent support base near the $70 level and recently climbed higher. LTC is up more than 5% and it recently broke the $72.20 and $73.50 resistance levels. The next key resistance is near the $75.00 level, where sellers might take a stand.
EOS price started a slow and steady rise after testing the $4.50 support level. It broke the $4.60 and $4.70 resistance levels, and recently climbed above $4.80. The next key resistance is near $4.85, above which the price might test the $4.90 or $4.92 resistance levels.
Cardano price finally managed to form a support base and recovered above the $0.0650 resistance. ADA price is up around 6% and it may soon test the $0.0700 resistance level. If there is a clear break above the $0.0700 and $0.0708 resistance levels, there could be a strong upward move towards the $0.0800 level in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move above the $165.0B and $167.0B levels. The market cap broke a contracting triangle with resistance near the $168.2B level. It opened the doors for more gains above the $170.0B and $172.0B levels. It tested the next key resistance at $174.0B and it is currently holding gains. If there are more upsides, the next stop could be $176.0B or $178.0B. The main resistance for a strong rally is near the $180.0B resistance. Overall, there are many positive signs for bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins.
The post Crypto Market Smashes Resistance: Bitcoin Cash, Litecoin, EOS, ADA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

Coinspeaker
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

Continue reading at Coinspeaker
Source: CoinSpeaker

Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC].
The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies.
Stellar Lumens [XLM]
Source: Trading View
Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour.
EOS
Source: Trading View
EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover.
Cardano [ADA]
Source: Trading View
Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour.
XRP
Source: Trading View
At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour.
Litecoin [LTC] 
Source: Trading View
Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour.
The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.
Source: AMB Crypto