You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

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You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

Binance launched its much expected decentralized exchange (DEX) to increase security and efficiency of its services and the markets love it with the BNB coin appreciating by over 75% within days.

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

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Source: CoinSpeaker

The “Secret” of Binance’s Success and What makes BNB a “Hot” Investment even at ATH: Crypto Analysts share

Launched in July 2017, Binance is the biggest cryptocurrency exchange today. According to the Coinmarketcap, in the past 24-hours it has been managing the daily trading volume of $554 million. Though the trading volume has dropped in response to the ongoing crypto winter, Binance is still maintaining its first place. But how?

It is definitely “Buidl” as Binance CEO, Changpeng Zhao has emphasized on every occasion and this time was no different, “Not humbly, luck, and a LOT of hard work, by the whole team (CEO still working 1:30 AM on a Sun morning, and the team is online), Binance Angels (pure volunteers, not paid), and supporters like the commenters in your tweet…”
However, the crypto community further elaborated on the factors that make Binance so likable among the crypto space.
One Binance enthusiast said in part, “to answer your question on a personal level, Binance released a version of their app that affected color blind people like me. I tweeted to them, they listened and released another version 48 hours later,” which is impressive, to say the least.
Binance CEO himself plays an important role in this as he is the main force behind this exchange along with the team that as he says together focuses on customer services, funds safety or SAFU, and a long list that crypto trader Alex Kruger further shares.

What makes BNB a “Hot” Investment even at AT
It’s not only Binance that is defying the bears of the market as we reported recently rather the native currency of the exchange is making equally impact and gains. Recently, the 10th largest cryptocurrency, BNB reached its all-time high (ATH) against BTC a few days back at $0.0026.

BNB price chart, Source: Coinmarketcap
Since mid-December, Binance Coin (BNB) has been on a rise reaching from $4.52 to $9.58 but is still over 60 percent down from its all-time high in the USD market. But it could be expected that BNB would reach another peak before any other cryptocurrency in the market in the light of various developments going on as pointed out by crypto trader Moon Overlord.

I can’t really recommend buying at an ATH but $BNB might be a rare exception.
– Binance launchpad ICOs are only contribuable in $BNB
– $BNB launching it’s own chain soon (moving off $ETH / ERC20)
– Binance DEX launching soon
– Binance DEX listing fee, yep you guessed it – $BNB pic.twitter.com/TasQCHWrjl
— Moon Overlord (@MoonOverlord) February 16, 2019

Binance Launchpad has already taken a flight with the sale of BitTorrent (BTT) while Binance DEX is scheduled for public testing on February 20th as we reported with $20,000 as a listing fee that would be in BNB.
The post The “Secret” of Binance’s Success and What makes BNB a “Hot” Investment even at ATH: Crypto Analysts share appeared first on Coingape.
Source: CoinGape

Ripple: After Binance, eToro CEO Shares His Interest in Partnering up With Ripple

In a video that surfaced online, eToro CEO, Yoni Assia, talks about a potential partnership with Ripple. eToro, the leading social trading and investing platform that allows one to invest and trade in cryptocurrencies, stocks, currencies, ETFs, and commodities has added the third largest cryptocurrency on its platform back in December 2018.
In the interview that took place at the Paris Fintech Forum in January, this year, Assia talks about blockchain and that it is going to “disrupt the financial services and especially asset management services.”
He says currently it is difficult to move assets and shares all over the globe, but with the tokenization of assets, the entire wealth management would be transformed as it would allow the assets to move from one company to another and then sell them seamlessly and in real time. As for Ripple partnership he stated,
“We are one of the largest trading platforms for XRP so very interested in forming a relationship with Ripple Labs and understanding what can we do together.”
You can watch the entire video here:

Earlier As Coingape reported, Binance CEO also hints at a partnership with Ripple to leverage XRP-Powered xRapid. Zhao says,
“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future, we’ll definitely want to add them as a partner.”
The third-largest cryptocurrency with a market cap of $12.4 billion is trading at $0.302 with 24-hours gains of 0.53 percent. While in the BTC market, it is in the red by 0.10 percent, as per the data provided by Coinmarketcap.
In the past five days, there hasn’t been much change in the XRP price as it oscillated in a tight range of $0.2947 and $0.3086.
The post Ripple: After Binance, eToro CEO Shares His Interest in Partnering up With Ripple appeared first on Coingape.
Source: CoinGape

XRP: CZ surprises users by allowing purchase of token directly through credit cards via Binance

CZ, the CEO of Binance has once again paid attention to users and added a feature that allows the purchase of XRP directly through credit cards via Binance.
Binance added the feature of buying cryptocurrencies via credit cards on January 31, 2019, but the feature was limited to cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC]. However, the community of users on Binance requested CZ for including XRP with the newly released feature.
CZ pulled through and added the feature to Binance and users can now purchase XRP via credit cards. The much-awaited feature is a result of Binance’s partnership with a payment processing company called “Simplex”.
This will help users to directly buy cryptocurrencies without going through the hassle of buying from a different exchange and then transferring it to the required exchange.
A Twitter user, @XRPcryptonation tweeted:
“A friend of mine tried to buy xrp on Binance with a credit card last night and it wasn’t available yet. Checked this morning and it is now live. You can purchase XRP with your debit or credit card. 3 for $1 but not for long baby! #xrparmy #xrpcommmunity”
CZ retweeted the same with a comment:
“XRP purchasing using a credit card is working now. Slowly but surely.”
This is not the first time CZ has surprised users by abiding by their wishes with respect to the addition of new features to Binance exchange. XRP was added as a quote pair after a Twitter user had tweeted CZ.
CZ replied to the above saying “careful what you wish for” and surely enough, the cryptocurrency was added as a quote pair on Binance as a Christmas gift to the XRP community.
@sixinbrian, a Twitter used commented,
“Might as well max all the credit cards for when the bubble pops right?”
On the other hand, a user @projectsunltd had some strong words for the feature and said,
“Sorry Binance, I usually recommend your exchange. I cannot recommend your direct purchases with credit card. The fee is ungodly. That same BTC if purchased $4000 would yield $140 in fees! VS.. @UpholdInc at the same purchase and market rate would yield $42 in fees.”
The post XRP: CZ surprises users by allowing purchase of token directly through credit cards via Binance appeared first on AMBCrypto.
Source: AMB Crypto

Are TRX Prices Dumping Because “Changpeng Zhao and Justin Sun are Scheming”?

Tron prices slide, drop 9.7 percent in last week
Binance receives a 2-Star Ratings at Trust Pilot
Transactional volumes low, averages at 12 million

BitTorrent, Tron, and Binance are in recent days synonymous. It is because of this that a user thinks Binance and Tron are colluding to defraud users. They are entitled to their opinion, but TRX prices are dropping, down 9.7 percent in the last week.
Tron Price Analysis
Fundamentals
Hours after a successful BitTorrent (BTT) airdrop and TRX prices are sinking. Well, this was not in the script and against everything expected by traders. Although BitTorrent and the Tron Foundations will be distributing 10.1 percent of the 990 billion BTT tokens in six years through airdrops, BTT prices should be readjusting to the extra demand by shrinking while the need for valuable BTT tokens should automatically pump TRX prices.
It is logical, but that is unfortunately not the case. For the second straight day, TRX prices have been dropping and risk reversing gains of late and early this month. TRX inability to pump also coincides with new accusations that Binance and Tron are a letdown when important matters are in play. Case in point is the latest BTT ICO. During this time, keen-eyed would be investors noticed that Binance Launchpad did sell 28.44 percent of all the tokens before the official start.
In a medium post, he claims excuses from Binance and Tron was a complete betrayal while “CZ and Justin Sun whose permanent smile in the profile picture” looks like a mockery to those investors who missed out.  He adds that “Binance is quite a young company and its decency is yet to be confirmed by history.” Binance now has a 2-star rating at Trust Pilot.
Candlestick Arrangements

Meanwhile, TRX is dropping like a stone. After a BTT induced pump, TRX is finally finding fair value. Even though we are bullish on TRX expecting prices to rally above 3.1 cents and later 4 cents as users demand for TRX in preparation for free BTTs, any drop below the double bottoms of Jan 20-21 could see prices sink towards 2.1 cents as our previous TRX/USD trade plans are rendered invalid. While aggressive traders can buy on pullbacks in lower time frames as prices correct towards the 2.1—2.4 cents zone, the best course of action is to wait for a full breakout above 3.1 cents as emphasized before.
Technical Indicators
Recent averages stand at around 12 million. That is low and pales in comparison with those of Feb 4—42 million versus 17 million. Since we are bullish, TRX prices must first print and close above 3.1 cents of Jan 27 highs complete with above average volumes above 12 million and even 42 million. Such expansion will signal buyers ushering in bulls aiming for 4 cents and higher.
The post Are TRX Prices Dumping Because “Changpeng Zhao and Justin Sun are Scheming”? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance Set to Release Its Decentralized Exchange for Public Testing Next Week

CoinSpeaker

Binance Set to Release Its Decentralized Exchange for Public Testing Next Week

CEO of Binance has announced the date when their new decentralized platform called Binance DEX will be launched for public testing.

Binance Set to Release Its Decentralized Exchange for Public Testing Next Week

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Source: CoinSpeaker

Binance DEX “Binance Chain” is Ready for Public Testing on February 20 :CZ

Binance’s decentralized exchange Binance DEX is targeted to release for public testing on February 20. 
Binance DEX Coming on February 20
The decentralized exchange of Binance, Binance Chain is all set to make it to the testnet in the coming week. Binance CEO, Changpeng Zhao took to Twitter, to share it with the crypto community that the target is set for February 20th for public testing.

Recently, in the “ask me anything” session, Zhao revealed new details about the decentralized exchange that is currently under development by the largest cryptocurrency exchange, Binance. Initially, the number of network consensus validators on the Binance Chain will be small, starting with 11 validator nodes. Once the exchange goes live, they will be looking for “guys who can run very fast validators.”
“So, in the Binance Chain, there’s no smart contract. We just have an interface for you to issue tokens, and then you can trade it. Binance Chain is a very simple chain in terms of application, but it can handle very large loads. It is our opinion that the load is more important than the features.”
Binance Chain to Charge $100,000 to List Coins
In the beginning, Binance will have a lot of influence over the network as shared by Zhao meaning compared to other networks, it would be more centralized. This is in line with his “there is no absolute decentralization” remarks last year as “decentralization is not safer by default,” he had said.
At that time, Zhao had said, “Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. We stand here today because we believe that Blockchain technology will change the world.”
During the AMA, it has also been revealed that Binance Chain will be charging close to $100,000 for listing new coins. This is a deliberate move on Binance part as Zhao has explained, the higher fee is to “reduce the number of spam or scam projects.” Though the fee estimate is $100k, it will be adjustable over time.
The post Binance DEX “Binance Chain” is Ready for Public Testing on February 20 :CZ appeared first on Coingape.
Source: CoinGape

Is It #BUIDL That Will Decide Next Amazon of Cryptoworld or Most Cryptocurrencies will die?

While all investors are hunting for the coin or token that will multiply their wealth manifold, CZ has come forward asking investors to look into their portfolios and identify the coin whose teams are actually working and progressing on their respective roadmaps.
Not everyone will survive this crypto craze say crypto experts
Discussing which coins and projects would sustain, CZ spelled out Twitter that when the market turns back to its bullish days and move towards its all times highs again, a lot of coins that were created and raised money through ICO’s will reach zero and die. According to CZ its, only the teams that are working and #Buidling will ultimately prove winners and these are the coins that will make money for investors. CZ also asks investors to review their holding and eliminate the coins and tokens whose teams are not progressing with their works.

When markets do go back up that doesn't mean all projects will.
A lot of coins with no development will die.Review your holdings. Make sure teams are WORKING👀 https://t.co/sikvGBNzY9
— CZ Binance (@cz_binance) February 10, 2019

CZ’s tweet is a clear indication that projects that put in the effort will ultimately survive to bring the dawn of decentralization and cryptocurrency to this world. And it’s not just CZ a lot of research and personalities in the crypto world have said the same.
In July, last year, a research conducted by Boston College academics reveals that most crypto startups that have raised money via initial coin offerings (ICO) and crowdfunding have a pretty short lifespan and most projects do not survive even 120 days which is 4months from their launch. The research was conducted by authors – Hugo Benedetti, assistant professor at the Carroll School of Management and finance Ph.D. student Leonard Kostovetsky.
The authors based their analysis by studying the official Twitter accounts maintained by these projects and their founders. According to the report, the authors estimated that the survival rate of the startups, 120 days after the end of the sale, was only 44.2%. The assumption is that companies that are inactive on social media in the fifth month most probably did not survive. The report covered almost 2,400 ICOs and examined over 1,000 Twitter accounts.
A similar sentiment was put forward by Goldman Sachs early last year, its Head of Global Investment Research and Chair of the Global Markets Institute, Steve Strongin mentioned that Most digital currencies are unlikely to survive in their current form, and investors should prepare for them to lose all their value. According to him, many virtual currencies lack long-term staying power because of slow transaction times, security challenges and high maintenance costs.
“Are any of today’s cryptocurrencies going to be an Amazon or a Google, or will they end up like many of the now-defunct search engines? Just because we are in a speculative bubble does not mean current prices can’t increase for a handful of survivors. At the same time, it probably does mean that most, if not all, will never see their recent peaks again,”
A lot other crypto influencers have also said that its real progress on roadmaps will help most altcoins to survive. Yoni Assia, the CEO of eToro, a social trading platform that supports a range of cryptocurrencies had mentioned to Business Insider that
“Ninety-five percent (ICO-Coins ) is going to end as nothing because that’s startup funding,”
Joseph Lubin, the co-founder of cryptocurrency Ethereum, has often compared the crypto boom to the dot-com bubble of the late 1990s that ended in a spectacular bust in the early 2000s. Speaking at a press conference at MoneyConf in Dublin, Lubin had mentioned
“If you look at the dotcom boom and bust, there were so many of the same issues back then. So much money invested, lots of money lost, lots of failing projects.”
Dominik Schiener, another influential name in cryptos and the creator of IOTA was also heard saying he expects less than 10 of the more than 1,400 crypto projects that have sprung up over the last two years to survive
While everyone who understand cryptos, be it influencers, researchers or even Wall Street investment banks believe that it’s the fundamentals and real development that counts.
For all, it’s the same mantra- those projects that do survive will transform the world and make huge amounts of money for those who back them.
Which Coins and Tokens do you believe will make money for its investors in long run? Do let us know your views on the same
The post Is It #BUIDL That Will Decide Next Amazon of Cryptoworld or Most Cryptocurrencies will die? appeared first on Coingape.
Source: CoinGape

Ripple Price Analysis: XRP Up 4.3%, Next Stop 60 Cents

Ripple prices are back to green
Binance is open for collaboration with Ripple
There is an uptick in transactional volumes, XRP likely to register more gains

Binance is open for collaboration, and xRapid incorporation may be on the cards. Assuming that happens, XRP will surely rally above 34 cents to 60 cents in a matter of days as our trade plan reiteration come to pass.
Ripple Price Analysis
Fundamentals
Changpeng Zhao is straight up honest. In a recent podcast, he admitted that nothing is going on between Ripple and the world’s largest exchange by trading volumes as the team at Binance is busy with other projects—DEX updates and Project ICOs.
However, what’s interesting is that he said Binance is willing to partner with the real-time gross settlement platform in the future. That is precisely what the community wants to hear as prices try to maneuver and side step vicious bears.
Obviously, there are many benefits that the exchange stands to benefit once they collaborate with Ripple and even adopt xRapid. There would see immediate demand for the coin which is already in use by several payment processors and institutions. Remember, Binance made XRP base after numerous requests from the XRP community.
Candlestick Arrangements

Prices are back to green. As I write this, XRP is up 4.3 percent against the greenback bouncing off the 30 cents main support line as bulls flow back.
Now that there is a green bar, our last XRP/USD trade plan is valid, and we expect bull momentum to lift XRP from spot rates to above 34 cents and even to 40 cents as price action snap back to trend in line with events of mid-Dec 2018 and those of trend-defining surges of Sep 2018.
All in all, we shall maintain a neutral outlook until after prices race first above 34 cents, activating risk-off traders’ position and later 40 cents where risk-averse or the conservative type of traders can buy on dips with targets at Dec 2018 highs of 60 cents. The layout is highly likely to print out because Jan 30 upswings have already set momentum.
Technical Indicators
Our volumes indicators support buyers. However, before we recommend longs, prices must first clear and close above Jan 30 highs of 32 cents at the back of high volumes exceeding 47 million on the upside and 17 million on the lower limit. If anything, this is the only confirmation for bulls and the only way Jan 30 momentum will be set in motion lifting prices back to 40 cents.
The post Ripple Price Analysis: XRP Up 4.3%, Next Stop 60 Cents appeared first on NewsBTC.
Source: New feedNewsBTC.com

Binance CEO Hints at a Partnership with Ripple to Leverage XRP-Powered xRapid

The biggest crypto exchange has all the plans to partner with Ripple in the future, according to Binance CEO. While, “there is a significant amount of movement from high street banks to be interested in the network,” according to Naveen Gupta of Ripple.
Into the Future: Binance-xRapid
The biggest cryptocurrency exchange by market cap of $573 million, Binance’s CEO, Changpeng Zhao recently in a live stream shared plans to partner with Ripple and leverage its XRP-powered solution xRapid.  
Though there are no details revealed as Zhao says they are currently focused on its decentralized exchange, but in the near future, it’s “definitely” on the table.
“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner.”
Ripple is already in partnership with other crypto exchanges viz. Bitstamp and Bittrex among others. xRapid uses the digital asset XRP to offer on-demand liquidity that lowers cost and enable real-time payments.
xRapid is made to be a regulatory complaint about its international partners to move money around the world in a matter of seconds without having to keep fiat in bank accounts. Crypto exchange partners will further fuel its global adoption by allowing the financial institutions to move payments seamlessly between different currencies.
Offering a Unique Advantage
In late December, last year, Steven Diep, an XRP enthusiast had conducted a poll asking the XRP community if Binance will become the next xRapid partner. Out of 3,252 votes, 94 percent went with yes.

However, with Binance to become xRapid partner, it would need fiat pairs and Binance is only a crypto-to-crypto exchange. But with Binance.je and plans for further fiat support, as another XRP enthusiast, recently stated, “Bright future ahead no doubt!”
In another event, “Ripple offers a unique advantage. It saves international banks from having a direct banking relationship with a multitude of countries in frontier markets,” said Naveen Gupta, Managing Director, South Asia, and MENA at Ripple. “There is a significant amount of movement from high street banks to be interested in the network.”
In his recent interview, he had further shared,
“Every one of those 200 financial institutions, of which 50% are from Asia and the Middle East, are production ready and are in the process of going live. It took us two years to acquire the first 100 customers but it took only one year to acquire the next 100. Existing customers are using us more by leveraging our multiple corridors and the network effect is really starting to take off.”
The post Binance CEO Hints at a Partnership with Ripple to Leverage XRP-Powered xRapid appeared first on Coingape.
Source: CoinGape

Binance Launchpad to Host Yet Another Token Sale, Now It’s Time for Fetch.AI to Set Records

CoinSpeaker

Binance Launchpad to Host Yet Another Token Sale, Now It’s Time for Fetch.AI to Set Records

The Fetch AI token sale will start on February 25 on Binance Launchpad. The price will be announced on the day of the launch and set in Binance Coin (BNB).

Binance Launchpad to Host Yet Another Token Sale, Now It’s Time for Fetch.AI to Set Records

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Source: CoinSpeaker

Binance CEO has a Solution To Amazon’s Payment Problems

Binance CEO claims that Amazon and other e-commerce giants will inevitably issue a cryptocurrency
Amazon sellers get affected by Ant Financial’s acquisition of WorldFirst, the payment system used by Amazon
Amidst the trade was between the US and China, private companies like Amazon gets affected due to the imposed trade restrictions

Binance CEO has a Solution To Payments-Related Problems Faced By Internet-Based Businesses?
Binance CEO, Changpeng Zhao, seems to have a solution for the payment troubles and limitations faced by E-commerce giants and the medium scale businesses looking to expand globally. The solution given by him is cryptocurrency adoption. He cited that cryptocurrencies are more efficient and have a secure global reach.  He stated in a tweet that,

For any internet (non-physical) based business, I don't understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more diverse demographic and geography.
— CZ Binance (@cz_binance) February 2, 2019

In the same thread, later on, he claimed that,

Amazon will have to issue a currency sooner or later.
— CZ Binance (@cz_binance) February 2, 2019

US-China Trade War Affects Amazon’s Payment System
The U.K. based payment system provider, WorldFirst issued e-mails to the seller on Amazon notifying an immediate shut-down of their US operations. The e-mail from WorldFirst failed to give a reason for the sudden decision. The company has set deadlines to end all their existing deals and close the accounts of the sellers. The operations would finally end sometime near 15th February. Amazon is looking to establish new deals will WorldFirst’s competitor Payoneer.
The contents of the e-mail sent to the sellers:
“We are writing to share some news that affects you as a US-based customer of WorldFirst,” the email said. “The WorldFirst shareholders have taken the decision to discontinue the US operations. As such, we will no longer be able to offer our products and services to you.”
Ant Financial was prohibited last year from acquiring MoneyGram for $1.2 billion due to the prohibitions of the Committee on Foreign Investment in the United States (CFIUS) under the Trump administration.
Ant CEO Eric Jing noted that they are expanding looking to expand their business beyond China and banks and will soon release an IPO.  Ant Financial is the parent company of Alipay and affiliate of Alibaba. Alibaba has reportedly filed 89 blockchain related payments so far. The global acquisition and R&D development in the China-based company can also serve the ‘crypto-community’ better.
The post Binance CEO has a Solution To Amazon’s Payment Problems appeared first on Coingape.
Source: CoinGape

Binance Partners Simplex to Allow for Credit Card Purchases of Major Cryptos

CoinSpeaker

Binance Partners Simplex to Allow for Credit Card Purchases of Major Cryptos

Binance has partnered with Simplex in a move that is seen to bridge the gap between digital and fiat currencies enabling credit card holders to purchase major cryptos directly.

Binance Partners Simplex to Allow for Credit Card Purchases of Major Cryptos

Continue reading at Coinspeaker
Source: CoinSpeaker

BitTorrent (BTT) Rises Sixfold As Majority of Altcoins Are Drowning

CoinSpeaker

BitTorrent (BTT) Rises Sixfold As Majority of Altcoins Are Drowning

Bittorent token (BTT), together with Binance coin (BNB) and Bitcoin (BTC) trading went live on Binance, one of world’s largest and most popular crypto exchange, which has an exclusive agreement with Tron’s Justin Sun, on 31th of January at 10 UTC.

BitTorrent (BTT) Rises Sixfold As Majority of Altcoins Are Drowning

Continue reading at Coinspeaker
Source: CoinSpeaker

Technical Indicator Shows Bitcoin Price Gearing up for a Short-Term Rally

Currently in the green by 1.29 percent at $3,609, the GTI Global Strength Technical Indicator for Bitcoin is showing that the leading cryptocurrency is finding a bottom and a short rally is coming on.
Bitcoin Finding Bottom
Bitcoin price seems to be stabilizing as it trades near the $3,500 level. At the time of writing, Bitcoin has been trading at $3,609 with 24-hours gains of 1.29 percent as per the data provided by Coinmarketcap.
Currently down 81 percent from its peak, Bitcoin price is oscillating between $3,545 and $3,750 since January 10th.

Bitcoin price chart, Source: Coinmarketcap
As expected and predicted by experts and analysts Bitcoin bottom just might be here as the technical indicator shows that Bitcoin is currently oversold and that means a short-term rally might be in order.

In our previous article, we shared the Delphi Digital report that stated that selling pressure is exhausted and Bitcoin will find its bottom in sometime around quarter 1 of 2019. Now, the technical indicators are signaling the same as Bloomberg stated,
“The GTI Global Strength Technical Indicator for Bitcoin is nearing oversold levels, clocking in at 35.6. That’s the lowest level since December. Bitcoin appears to be stabilizing around $3,500, with clear support at $3,000 to $3,100, the measure suggests.”
Recently, we reported that Changpeng Zhao, the CEO of the leading crypto exchange Binance also shared that Bitcoin is currently oversold while the crypto market is undervalued. However, he is confident that “this space will get so much bigger.”

The GRI VERA Trend Signals indicator that helps identify trends and Bitcoin has “breached its lower VERA band limit today, but rocketed back to trade just above the limit,” according to Bloomberg. This behavior implies that a short term rally is on the way.
With prices keep on going lower the investors are looking for signs of hope. Though, experts are also expecting Bitcoin to be in consolidation for the most part of 2019.
The post Technical Indicator Shows Bitcoin Price Gearing up for a Short-Term Rally appeared first on Coingape.
Source: CoinGape