Cardano [ADA] Defeated TRON [TRX] To Capture 10th Spot with Bullish Run

Cardano (ADA) is all set to enjoy crypto party this weekend as it surpassed the 10th largest crypto, TRON (TRX) today. At the moment, ADA hits bullish market cap with almost 8 percent growth and counts as the 10th largest cryptocurrency.
According to data from Coinmarketcap, ADA sits comfortably as the 10th largest cryptocurrency with the growth of 7.72 percent within a couple of hours. With this, it defeated TRON (TRX) from its position and trading with the value $0.05 against US Dollar. 
Moreover, ADA cryptocurrency held a brief surge in average trading as compared to TRX’s market cap. Consequently, former stands with $1,526,387,124 trading volume while latter with $1,526,387,124.
Image source – coinmarketcap
One specific reason that spiked the price of ADA is what curious many of us. Well, many speculate that the latest release of an upgrade to Cardano has quickly influenced its value. Consequently, ADA’s bull flag is a result of Carano 1.5 upgrade released on Cardano mainnet. As officially announced ‘ it is a milestone’ which had excited many crypto enthusiasts to find the figure as to how well ADA will go further.
Today we release Cardano 1.5 on the Cardano mainnet. The Cardano 1.5 release is a milestone because it is the last major Cardano release of the Byron development phase, which we have been in since the launch of mainnet.
Moreover, Cardano’s twitter account released yet another update that says about Cardano 1.5.1 upgrade. As per the announcement, this upgrade is to fix two issues – and not as major as Cardno 1.5 is. As Coingape reported; Cardano 1.5.1 will solve data migration issue and an issue causing log rotation for the frontend logs not to work.
Furthermore, the official announcement goes as follows;

IOHK has released Cardano 1.5.1 on the Cardano mainnet. The Cardano 1.5.1 release is a small update which fixes two issues. The update will be delivered via a prompt in Daedalus to all users shortly. To read more, click here: https://t.co/Fk3HZr4Aea
— Cardano Foundation (@CardanoStiftung) March 22, 2019

Speaking of volumes, ADA is already walking at upside move and took over TRX. Given that, do you think ADA will surge further to capture the 9th spot where Tether (USDT) is standing at present? Share your views
The post Cardano [ADA] Defeated TRON [TRX] To Capture 10th Spot with Bullish Run appeared first on Coingape.
Source: CoinGape

Cardano [ADA] surges by 4% following Coinbase addition speculation and integration to Ledger wallet

Cardano looks optimistic after the announcement of its 1.5 version release on the mainnet. The Cardano 1.5 update marks the many improvisations, like Ouroboros BFT consensus protocol, from its precursor Ouroboros Classic.
The founder of Cardano and CEO at Input Output HK [IOHK] tweeted,
Source: Twitter
A blog post by the Cardano community, which explained the transition of the consensus protocol to BFT from Classic, stated,
“This update is technically a hard fork but will take place in a smooth and automatic way because this is a planned protocol upgrade whereby all parties of the current federated system have agreed to the change.”
The upgrade further aims to render a large volume of transactions and wallet addresses in addition to insufficient space detection feature and a new block consolidation status screen.
The latest release and following upgrades could potentially be a reason for Cardano exhibiting a surge of over 4% in the current bear market. The upward volume movement can also be attributed to the coin’s speculation of being listed on the trading platform Coinbase. The trading platform announced the exploration of Cardano, Basic Attention Token [BAT], Stellar Lumens [XLM], Zcash [ZEC] and 0x [ZRX], out of which most of the coins have already been added.
Another reason that led to the pump can also be speculated to be the integration of Ledger Hardware Wallet to the Cardano network. The announcement was made by Cardano Founder Charles Hoskinson. Talking about the integration, Hoskinson said,
“This means users will be able to hold their ADA offline, through the convenient and highly secure means of cold storage.”
Source: TradingView
At press time, the eleventh largest crypto asset ADA held a market cap of $1.37 billion, and was valued at $0.052. The 24-hour trading volume of the digital coin was $50.03 million, following a surge of 4.87%.
Additionally, Cardano [ADA] registered a significant growth of 12.28% during the past seven days, which is more than the top coins, including Bitcoin and Ethereum, during the same time frame.
The post Cardano [ADA] surges by 4% following Coinbase addition speculation and integration to Ledger wallet appeared first on AMBCrypto.
Source: AMB Crypto

Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Coinspeaker
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed
The ICE’s Data Services will provide real-time and historical data for all the newly added crypto tokens.
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support.
Litecoin (LTC) price moved below the $60 support and it could extend the downside correction.
Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support.
Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220.
Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area.

The crypto market cap is currently at a risk of a downside break. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA could decline heavily if sellers gain control.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed to clear the $165 resistance against the US Dollar. The BCH/USD pair corrected lower and broke the $160 support recently. The current price action suggests that the price may move further lower towards the $155 support level.
The main support is near the $150 level, where buyers are likely to emerge. On the upside, an initial resistance is at $160 and $162, above which the price is likely to clear the $165 resistance in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price climbed to a new monthly high recently and traded above the $60 level. Later, LTC price started a downside correction and traded below. It seems like there could be more downside and the price may test the $58 or $56 support level. On the upside, the key resistances are $60 and $62.
Tron price remained under a lot of pressure and it recently failed to hold the $0.0230 support level. TRX price is now trading well below $0.0230 and it could continue to move down towards the $0.0220 support level.
Cardano price gained bullish momentum this week and broke the $0.0500 and $0.0510 resistance levels. ADA price is currently up more than 3% and it seems like it could surpass the $0.0520 and $0.0525 resistance levels to move further into the positive zone.

Looking at the total cryptocurrency market cap hourly chart, there were a couple of rejections near the $136.0B and $137.0B levels. The market cap moved down recently and it is currently trading near a crucial support at $133.2B. If there is a downside break, the market cap could decline towards the $132.0B or $130.0B support levels. In the mentioned scenario, there are chances of a downside extension towards the key $125.0B support. On the other hand, an upside break above $135.0B may spark bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins.
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Crypto Market In Clear Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap rallied recently and broke the key $130.0B resistance area.
EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80.
Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers.
Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level.
Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone.

The crypto market broke key resistances to move into an uptrend. Bitcoin (BTC), Ethereum (ETH), EOS, bitcoin cash (BCH), ripple, tron (TRX), ADA and other altcoins are trading with bullish moves.
Bitcoin Cash Price Analysis
In the past few sessions, bitcoin cash price performed really well and broke the $140 and $150 resistances against the US Dollar. The BCH/USD pair even broke the $160 barrier and traded to a new monthly high above $165. At the moment, the price is consolidating gains below the $168 and $170 resistance levels.
If there is a downside correction, the $162 and $160 levels are likely to act as solid supports in the near term. On the upside, a break above the $170 level might call for a push towards the $180 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price slowly climbed above the $3.65 and $3.70 resistance levels. The price even broke the $3.75 level and it is likely to clear the $3.80 resistance in the near term. The next key resistance is at $3.85, above which the price may rally towards the $4.00 barrier.
Tron price managed to stay above the $0.0220 support and it recently corrected higher. TRX price climbed above the $0.0230 resistance and it may continue to rise towards the $0.0240 resistance area, which is a major hurdle for buyers.
Cardano price remained in the bullish zone above the $0.0400 support. ADA price recently broke the $0.0460 and $0.0500 resistance levels to register decent gains. It may continue to climb towards the $0.0520 resistance level in the upcoming hours.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.0B resistance levels. The market cap even broke the $135.0B resistance and traded towards the $137.0B level. Later, there was a downside correction, but the $132.0B level acted as a support. It bounced back and traded above the $134.0B level. In the short term, there could be a downside correction, but the $132.0B and $130.0B levels are likely to act as solid supports. On the upside, the main resistance levels are near $137.0B and $140.0B. Overall, there are high chances of more upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.
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Cardano (ADA) Volumes Almost Double, CoinBase Could Trigger Rally

Cardano (ADA) price up 17.4 percent
CoinBase could offer support for ADA
Transaction averages almost double in the last two weeks

After dropping from the top 10, Cardano (ADA) is up 17.4 percent in the previous week. Because of this, it is one of the top performers and could register more gains if CoinBase supports ADA.
Cardano Price Analysis
Fundamentals
On one end, CoinBase never-ending controversy makes them appear weak. However, as the third most liquid exchange after Binance and Liquid, their influence cannot be written off. The CoinBase Effect may be waning after the exchange’s effort of increasing the number of coin offering. Regardless, listing exposes the asset to more than 25 million customers tagging extra demand from an exchange that is secure (never hacked) and insured.
Back in Q2 2018, CoinBase said they were exploring five coins including Cardano (ADA). During their consideration, they would work with banks as well as regulators to enable the roll out in as many jurisdictions as possible. At the same time, they were trying to remain as transparent as possible to avert accusations of insider trading.
Of the five coins, Cardano (ADA) is the only asset that is yet to be listed. Against expectations, in the last three quarters, CoinBase were aggressive, listing diminutive and low liquid assets as BAT, OX, and ZCash (ZEC). To some extent, this was understandable since ADA as a coin remained centralized as development steps up. However, the recent conclusion of Byron and the transition to Shelly would increase chances of a listing at CoinBase.
Candlestick Arrangements

Flipping Tron (TRX) and Cosmos (ATOM), Cardano (ADA) is back to the top 10 after adding 17.4 percent from last week’s close. Although part of this is because of investor expectations, it is favorable fundamentals and attractive candlestick arrangement that places buyers at an advantage.
From the chart, it is clear that bulls are in control. While trading in a breakout pattern above 4.5 cents, bears are yet to reverse gains of Mar 9. Concurrently, the last two bars seem to be breaking away from the 90-day consolidation as they band along the upper BB.
If anything, this points to bulls and risk-off, aggressive traders should fine-tune entries in lower time frame with targets at 6 cents.
Technical Indicator
Our stand out bar is Mar 11. As a high volume bar—324 million against 128 million average, it anchors our ADA/USD price analysis.
Expectedly, after that surge in volumes, participation drop but is expected to rise. As bull momentum pick up, any spike towards 6 cents must be at the back of high volumes exceeding averages of 167 million.
In turn, the breakout bar nullifying bears above 6 cents must have high transaction volumes above 324 million. Already, transaction volumes are double in the last two weeks—89 million to 166 million.
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Crypto Market Wrap: Bitcoin Dominance Falls to 2019 Low, Has Altcoin Season Begun?

Crypto markets being driven by altcoins; Cardano, NEM and CRO Cranking, Bitcoin dominance diminishing.
Market Wrap
Crypto markets are still consolidating as we round off another week. Volume has crept up a little and a slow uptrend has formed over the past couple of days as major crypto assets hit resistance levels. Total market capitalization has made it over $135 billion for the past few hours.
Bitcoin has moved very little over the past 24 hours. BTC hit an intraday high of $3,945 before instantly dumping to $3,900 then slowly building back up to $3,920 where it currently trades. Volume is back over $10 billion and key technical indicators such as MACD and hourly RSI are in the bullish zone.
Ethereum, which has been slowly sliding back all week, has made a percent on the day taking it to $135. The move has taken ETH through the weekly down trend line so further momentum could follow, especially if Bitcoin turns bullish. XRP has made a minor loss on the day dropping back to $0.311.
The top ten is pretty mixed at the time of writing but gains are no more than a percent or so for those in the green. Stellar, which recently flipped Tether for eighth spot, has dumped 4% on the day dropping market cap back to $2 billion. XLM is about to drop back down the charts as it falls to $0.105.
There is a lot more green in the top twenty during today’s Asian trading session. Larger gains have been made by Cardano as ADA climbs 5.5% to $0.049. NEM is also having a big pump with around 9% added on the day to take the token to $0.050. A possible link between NEM Malaysia and Air Asia could be driving the fomo.

During the panel discussion, #NEM Malaysia Investments and Strategy Director Jasmine Ng said while investments to explore blockchain’s implementation in businesses could be costly, she said there is a huge potential upside. Read the full story herehttps://t.co/b6TzgGsiGu
— NEM (@NEMofficial) March 13, 2019

IOTA, NEO and Ethereum Classic have all made over 3% in the past 24 hours as ‘altseason’ gathers momentum.
FOMO: Crypto.com Chain Still Pumping
Crypto.com Chain has continued its epic surge adding another 50% as it nears the top twenty. Over the past week CRO has made an epic 900% pumping from $0.013 to $0.092. Today’s surge has been driving by a listing on Upbit;

The @cryptocom Chain ($CRO) Token will be listed today on @UPbitExchange! Open-source of @Cryptocom Chain Testnet v0.1 scheduled on Wednesday, March 20th. Read more here – https://t.co/udc2IYExCN pic.twitter.com/9zHqMf9MCV
— Crypto.com (@cryptocom) March 15, 2019

Also having a good run today is Lisk and Digitex Futures, both pumping 17% on the day. Crypto.com’s other token, MCO is also up 17% at the moment. REPO is well in the red right now and is the top one hundred’s worst performing altcoin with a dump of 10%, Electroneum is not far behind losing 8% today.
Total market cap 24 hours. Coinmarketcap.com
Total market capitalization has remained over $135 billion adding a billion dollars since the same time yesterday. Daily volume is building and is now at $33 billion as altcoins lead markets at the moment. Bitcoin dominance has fallen to its lowest level this year as it sinks to 50.9% while the altcoins continue to strengthen.
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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Cardano [ADA] shoots up following blockchain integration and Ledger Wallet arrival

Following its recent overtake of Bitcoin SV [BSV], the now eleventh largest coin in the market, Cardano [ADA], has once again been visited by the bulls. Cardano shot up by over 6 percent to become the highest gainer in the top-15 while the major coins are caught in sideways movement.
The price surge comes after the Cardano Foundation was included as one of the founding members of the International Association for Trusted Blockchain Application (INATBA), as confirmed via a press release from the Foundation. The INATBA aims to further the progress of blockchain technology and cryptocurrency adoption within Europe.
INATBA is a body of SMEs, policy-makers, regulators and civil-standard setting organizations. Cardano will be able to build dialogue with authorities with reference to the regulation surrounding blockchain and decentralized currency and push adoption.
Charles Hoskinson, the founder of the Cardano Foundation, further buoyed the ADA community by a March 14 tweet depicting the first Ledger hardware wallet with a Cardano logo. The wallet follows the early-February news of the ADA ecosystem integrating the Ledger wallet.
Source: Twitter
The February 2 tweet stated:
“We are thrilled to announce that we will be integrating Ledger hardware wallet in our Cardano ecosystem. This means users will be able to hold their Ada offline, through the convenient and highly secure means of cold storage.”
Source: Trading View
The coin’s price began rising from March 9. It increased from $0.042 by 14.28 percent to reach $0.048 in three days. After dropping down to $0.046, the coin saw another 7.82 percent rise in the next two days, pushing the coin just below the $0.05 mark which the coin briefly shot above in late-February and early-January. At press time, the coin has shot up by 5.82 percent.
Cardano has seen its valuation increase by over $200 million in the past week. On March 9, the coin’s market cap stood at $1.102 billion and surged by 16.87 percent to reach $1.28 billion. Currently, the market cap has slightly slipped to $1.27 billion.
The post Cardano [ADA] shoots up following blockchain integration and Ledger Wallet arrival appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market at Major Crossroads: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap rebounded recently and revisited the $129.0B resistance area.
Litecoin (LTC) price gained nearly 5% and it seems like it could test $58 or $60.
Bitcoin cash price is trading sideways below the $130 resistance level.
Tron (TRX) corrected above the $0.0220 level, but it could face a strong hurdle near $0.0230.
Cardano (ADA) price is gaining momentum and it may trade towards the $0.0500 resistance level.

The crypto market cap is approaching a crucial resistance area and it could surge higher. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA remain supported.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price declined below the $130 and $128 support levels against the US Dollar. The BCH/USD pair tested the $126 support level and later corrected higher. The price is currently trading just above the $128 level and it seems like it could test the $130 resistance level in the near term.
If there is a break above the $130 resistance, the next aim for buyers could be the $132 barrier. On the downside, a break below the $128 support may perhaps push the price towards the $126 or $125 support.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price remained in a strong uptrend from the $52 support level against the US Dollar. LTC price recently spiked towards the $58 level and later corrected lower. However, the $54 support prevented declines and the price recently gained more than 5%. It is currently trading above the $57 level and it may continue to rise towards the $58 or $60 resistance.
Tron price declined heavily and broke the $0.0220 support level recently. TRX price tested the $0.0210 level and late recovered above $0.0220. However, there are many hurdles on the upside near the $0.0230 and $0.0232 levels, where sellers are likely to emerge.
Cardano price traded nicely in the past few sessions and broke the $0.0450 and $0.0465 resistance levels. ADA price is currently trading above the $0.0470 level and it may continue to climb higher. An immediate resistance is at $0.0485, above which the price could rally towards the $0.0500 resistance zone.

Looking at the total cryptocurrency market cap hourly chart, there was a drop below the $128.0B support level. The market cap tested the $125.0B support level and it recently corrected higher. There was a decent rebound above the $127.5B level, but there is a strong resistance formed near $129.0B and a bearish trend line. Moreover, the key resistance is near the $130.0B level. If there is an upside break above the $130.0B barrier, the crypto market could rally in the near term, with gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins.
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Bitcoin SV [BSV] Price Analysis: Bears rule as token is overtaken by surging Cardano

Bitcoin SV [BSV] slipped to the twelfth spot as the collective market edged up following notable upswings. Cardano [ADA] overtook the BCH hardfork on 12 March, following the former’s bullish rise.
The token rose against the US dollar by 0.5 percent and was trading at $65.88. The market cap of the coin dropped by over $200 million to $780.07 million, before rising to $1.14 billion all in a two-hour window. At press time, the coin’s market cap stood at $1.16 billion.
IDCM took the top spot for BSV trading volume, with the trading pair BCHSV/USDT accounting for 15.73 percent of its global volume. Other exchanges with notable BSV trading volumes were BitForex and HitBTC.
1-hour
Source: Trading View
The one-hour price chart showed two notable downtrends. While the first dragged the price down from $69.18 to $67.43, the next dropped the price from $67.92 to $65.67. Since the end of the last downtrend, the coin has been trading in the green.
Bitcoin SV’s support level stood at $64.84, following the downtrend. The coin’s immediate resistance level stood at $69.18.
The Bollinger Bands indicated that volatility had remained stable as the price movements were not severe. The Moving Average line projected a bullish market for the coin.
The Chaikin Money Flow tool showed that the inflow of money into BSV tokens was looking to increase, as the CMF line was at 0, and moving upwards.
The Awesome Oscillator pointed to a decrease in the coin market’s short term momentum. However, since the concluding bars were green, bullish tendencies were in the offing.
1-day
Source: Trading View
Bitcoin SV’s one-day chart indicated that the coin was vying to break out of the downtrend which stretched from $74.77 to $68.17.
The coin’s immediate support level stood at $61.72, which looked a long way off. Bitcoin SV found immediate resistance at $75.91.
The Parabolic SAR showed a bearish trend for the coin as the dotted markers were above the coin’s trend line.
The Relative Strength Index indicated a decline in investor interest as the RSI fell from 59.86 to 48.22.
The MACD pointed to a clash between the bulls and the bears, as the MACD line and the Signal line had converged.
Conclusion
Bitcoin SV was likely to remain in the twelfth spot, given market sentiments and Cardano’s bullish movement. Despite the coin trading in bullish green in the short-term, it is still vying to move out of the prolonged downtrend in the long-term.
The post Bitcoin SV [BSV] Price Analysis: Bears rule as token is overtaken by surging Cardano appeared first on AMBCrypto.
Source: AMB Crypto

Cardano Creator Criticizes JPM Coin: “It’s an Abomination of Crypto”

Cardano founder Charles Hoskinson shared his less than flattering assessment of JPMorgan’s crypto asset JPM Coin at Hong Kong Blockchain Week 2019. His scathing comments drew an impassioned response from the audience, and most of the panel, who applauded his outspoken message.

Charles Hoskinson – Crypto Philanthropist
Charles Hoskinson is a successful entrepreneur, mathematician and humanitarian with a mission – to solve global problems using emerging technologies. Consequently, he often talks about banking the unbanked, in which his priority is to develop financial tools for billions of people who would otherwise lack access to monetary means.
At Hong Kong Blockchain Week 2019, he gave an update on Cardano’s operations in Africa, stating that they have ambitious plans to be in 25 countries by the end of the year. With the intention of opening offices in every African country in the coming years. He then expanded on what this entails by saying:
“we train people and then we set up public private infrastructure and we’re trying to modernize most of these governments, we modernize with blockchain technology, so everything from property and business registration to voting systems to supply chain management.”
He went on to say that his biggest challenge is dealing with government officials and citizens, who show a great deal of suspicion when idealistic solutions are put forward.
JP Morgan Comments
When the topic of JPM Coin came up, Charles did not hold back. After patiently waiting for his turn to speak, he said:
“I saw the JP Morgan Coin, and you guys just don’t get this space. You don’t know how any of these things work. It’s an abomination of crypto. It’s an abomination of concept.
There is absolutely no need or utility behind what they’ve created, it’s just a proof of concept for the sake of being a proof of concept..to justify some bizare executive fantasy.
The whole reason why we exist is because these guys are criminals. They’ve done horrible things over these last few decades. They’ve bankrupted the world, and they’ve excluded three billion people from the world financial systems as a consequence of the regulations and systems they’ve put into play. And the whole world is living the consequences of their wrongdoing and poor decisions.
As a counter-reaction, the cryptocurrency world exists, and it continues to grow, and it will continue to gain relevance. And eventually, it will collide with the legacy system.
I see this [JPM Coin] as the last vestiges of a dying industry trying to achieve some form of relevance. And I have very little respect for this type of work. I don’t see it as a positive thing.”

Charles Hoskinson tears into JP Morgan Coin, calling it an "abomination" @IOHK_Charles @jpmorgan : https://t.co/6eW9YJHUk1 #CharlesHoskinson $ADA $JPM #JPMorgan $ETH pic.twitter.com/etXqEvFSho
— Chepicap (@Chepicap) March 8, 2019

This rebuke of JPM Coin shows the extent of Hoskinson’s frustration with the status quo. The points he raised, although cutting at times, demonstrate his sincerity towards establishing a more equitable economic system, for which he is fast becoming the poster boy for. While his speech said what many are thinking, the crypto-community would do well to remain mindful of JP Morgan’s influence.
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Crypto Market Could Extend Losses: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap declined recently and broke the key $128.0B support level.
EOS price is down more than 6% and it broke the $3.75 and $3.60 support levels.
Bitcoin cash price traded below the $130 support and it is currently under pressure near $128.
Tron (TRX) price is down more than 4% and it broke the key $0.0220 support level.
Cardano (ADA) price is holding the ground above the $0.0450 support area.

The crypto market declined recently, with bearish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA and other altcoins are at a risk of more losses in the near term.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $132 support and declined recently against the US Dollar. The BCH/USD pair broke the $130 support area to enter a bearish zone. The price is down around 4% and it could continue to move down towards the $126 and $125 support levels.
On the upside, an initial resistance is near the $130 level, above which the price could test the $132 level. The main resistance is at $135, where sellers are likely to protect gains.
EOS, Tron (TRX) and ADA Price Analysis
EOS price trimmed most its gains and broke the $3.75 and $3.60 support levels. The price is down more than 6%, with an immediate support at $3.50. The next key support is at $3.35, which may perhaps act as a strong buy zone. On the upside, the previous support at $3.62 and $3.65 could act as a resistance.
Tron price remained in a bearish zone below $0.0240 and it recently extended losses. TRX price broke the key $0.0220 support level and tested $0.0210. The next main support is at $0.0200, where buyers might take a stand.
Cardano price performed well and remained in a positive zone above the $0.0440 and $0.0450 support levels. However, ADA price is facing a strong resistance near the $0.0475 level, which may result in a short term bearish reaction in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a failure to break the $130.0B resistance level. The market cap started a downward move and broke the $128.0B and $126.0B support levels. There was also a break below a contracting triangle with support at $128.0B on the same chart. It tested the $125.0B support and currently consolidating in a range. In the short term, there could be an upside correction, but the $128.0B and $130.0B levels are likely to prevent gains. Therefore, upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins are likely to remain capped in the coming sessions.
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Crypto Market Remains At Risk: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap is following a declining structure below the $128.0B resistance level.
EOS price broke the key $3.55 and $3.50 support levels to move into a bearish zone.
Bitcoin cash price traded below the $130 support and it could now test the $125 level.
Tron (TRX) price extended losses below $0.0240 and it is now approaching the $0.0220 support.
Cardano (ADA) price is currently sliding towards the key $0.0400 support level.

The crypto market recovery remains at a risk of more losses. Bitcoin (BTC), Ethereum (ETH), EOS, BCH, ripple, tron (TRX), ADA and other altcoins could continue to weaken in the near term.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price struggled to break the $135 resistance level and later declined against the US Dollar. The BCH/USD pair broke the $132 and $130 support levels to move into a bearish zone. The current price action is negative and it suggests that the price may decline further towards the $125 support level.
On the upside, the main resistance is at $132, above which the price could recover towards the $135 resistance level. The risk remains to the downside as long as the price is below the $132 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price declined heavily from well above the $4.00 support. It broke the $3.80 and $3.65 support levels to trim most its gains. Recently, sellers pushed the price below the key $3.55 and $3.50 support levels. The price is now under pressure and it may continue to decline towards the $3.40 or $3.35 support zone.
Tron price traded below the $0.0250 support level to enter a bearish zone. TRX recently declined below $0.0240 and it seems like sellers are aiming for the $0.0220 support level. On the upside, an initial resistance is at $0.0235, followed by the $0.0240 level.
Cardano price remained in a downtrend and it recently broke the $0.0440 and $0.0420 support levels. ADA is about to test the $0.0400 support level, below which there is a risk of a sharp drop. On the upside, there are many hurdles near the $0.0420, $0.0425 and $0.0440 levels.

Looking at the total cryptocurrency market cap hourly chart, there were many failures near the $128.0B resistance level, resulting in a sharp decline. The market cap recently broke the $125.0B and $124.0B supports to set the pace for more losses. It is currently following a declining channel with resistance at $125.0B on the same chart. The technical structure suggests that the crypto market cap is under pressure and it could slide towards the $122.0B and $120.0B support levels in the near term. Therefore, there could be more losses in bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins.
The post Crypto Market Remains At Risk: EOS, Bitcoin Cash, TRX, ADA Price Analysis appeared first on NewsBTC.
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Cardano Price Analysis: ADA/USD Trends of March 01–07, 2019

CoinSpeaker

Cardano Price Analysis: ADA/USD Trends of March 01–07, 2019

The bulls need to increase its momentum in order to break up the supply zone of $0.047 and this will expose Cardano to the supply zone of $0.055. Likewise, high pressure is required to break down the demand zone of $0.035 by the Bears.

Cardano Price Analysis: ADA/USD Trends of March 01–07, 2019

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Source: CoinSpeaker

Crypto Market Struggle Continues: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is slowly correcting higher towards the $128.0B resistance level.
Litecoin (LTC) price is currently consolidating above the $45 support level.
Bitcoin cash price is slowly moving lower (down more than 2%) towards the $130 support level.
Tron (TRX) is at a risk of a sharp decline below the $0.0242 and $0.0240 support levels.
Cardano (ADA) price could decline further towards the $0.0400 support level in the near term.

The crypto market is showing signs of an upside correction, with moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin, bitcoin cash, TRX, XLM and ADA might correct higher before fresh decline.
Bitcoin Cash Price Analysis
Bitcoin cash price slowly moved down and broke the $135 and $134 support levels against the US Dollar. The BCH/USD pair is down more than 2% and it seems like it could break the $132 support. The next key support is near the $130 level, below which there could be a sharp drop towards the $125 support.
On the upside, the previous support near the $135 level may perhaps act as a strong resistance. If there is a break above the $135 resistance, the price could correct higher towards the $140 level.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price started a downside correction from well above the $50 level. LTC broke the $48 and $46 support levels. At the moment, the price is consolidating above the $45 support. If there is a downside break below $45 and $44, the price could continue to move down towards the $40 support. On the upside, the main resistances are $48 and $50.
Tron price remained in a bearish zone and it recently broke the $0.0245 support level. TRX price is currently trading near the $0.0242 level and it seems like it could decline further towards the $0.0240 level. A break below $0.0240 might accelerate losses towards the $0.0380 level.
Cardano price faced an increased selling pressure and it declined below the $0.0450 support level. ADA is trading with a bearish angle and it seems like it could revisit the $0.0400 support zone in the coming sessions.

Looking at the total cryptocurrency market cap hourly chart, there is a decent support base formed near the $124.2B level. The market cap recently climbed above a bearish trend line, opening the doors for a correction above the $126.0B level. However, there is a strong resistance formed near the $128.0B zone and the 100 hourly simple moving average. Therefore, upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICS, XLM and other altcoins are likely to remain capped in the near term unless buyers gain traction.
The post Crypto Market Struggle Continues: Litecoin (LTC), BCH, TRX, ADA Price Analysis appeared first on NewsBTC.
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