IOTA’s Coordicide, Price Up 11.2% And IoT Could Hit $318 Billion by 2023

IOTA adds 11.2 percent
Coordicide update significant for IOTA

Decentralization is the central theme within blockchain circles. And IOTA is not deviating. With Coordicide, the network will be more decentralized and “inherently modular.” As a result, IOTA prices may inch higher in response.
IOTA Price Analysis
Fundamentals
For an efficient future, there must be investment supporting the development of the Internet of Things (IoT). Regardless of one’s opinion, IoT is vital for future efficiency. Statistics reveals that the IoT as an industry was worth $130 billion by close of the financial year 2018.
Good news is, the figure could more than double, in the next four years, to a whopping $318 billion with a compound annual growth rate (CAGR) of 20 percent. Now, to say IOTA leads in innovation and development in this space is an understatement.
Following the precedent set by Cardano, IOTA is hard at research for the general betterment of the IoT and indeed the blockchain space. Already, there are plans to eliminate the central coordinator, in an upgrade dubbed the Coordicide, the Iota landscape will be more decentralized than before.
Furthermore, Coordicide shall scale the network. In their latest technical update, the IOTA Foundation says:
“Removing the Coordinator from the IOTA network will realize a long sought-after goal in the field of DLT: scalability without centralization. The solution itself is inherently modular, meaning that users will have the ultimate freedom to tailor the system to their individual needs.”
Candlestick Arrangements

Even so, that is not stopping other project’s coins from usurping IOTA. Down to 18th in the liquidity and market cap leader board, the currency is trading at 46 cents. Because of that, it is 11.2 percent higher from last week’s close, and bulls are aiming for more.
Like most assets, IOTA is trading within a bullish breakout pattern against the USD. After the retest following the double bar bear reversal pattern of late May 2019, the retest of 40 cents, the break out level is complete.
Marking the entry of buyers is June 22bull candlestick that is extensive with decent trading volumes. In light of the above, traders can enter at spot rates with targets at 55 cents and later 90 cents. Fitting stops will be at 40 cents or the low of the breakout bar of May 15
Technical Indicator
From an effort versus result point of view, buyers have the upper hand because of June 22candlestick. Buoyed by a spike in trading volumes of 19 million against 6 million, it is likely that prices will edge higher. In that case, traders should tune entries in smaller time frames with the expectation of participation expansion as prices inch higher.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post IOTA’s Coordicide, Price Up 11.2% And IoT Could Hit $318 Billion by 2023 appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitfinex’s LEO Spikes 32%, Passes IOTA on Crypto Leaderboard

LEO surges, up 32 percent
FOMO likely accelerating LEO demand

The tokenization of BitFinex through the sale of LEO tokens was an opportunity for investors to draw maximum benefits from a liquid exchange. At the time of writing, LEO is up 32 percent week-to-date.
LEO Price Analysis
Fundamentals
Desperate times call for desperate measures. That’s the adage that BitFinex’s owners, iFinex Limited, heeded, quite literally. Faced with insurmountable pressure upon the damaging revelation that the exchange used part of Tether Limited’s fund to fix a deluge, the management settled for an Initial Exchange Offering (IEO).
The objective was quite clear and brazen: crowdfund $1 billion in USDT from private investors. That meant tokenizing the exchange through the Unus Sed LEO tokens. Hardly surprising, Justin Sun was said to be among one of those who had made applications for consideration.
However, reports had it that he pulled out, it was apparent that opportunity seeking billionaires couldn’t leave this lying. Of the many investors who kept decided to keep it low key, the outspoken “china’s BTC billionaire” Zhao Dong, notified the community of BitFinex’s plans:
“Leo tokens are intended to be the utility token at the heart of the iFinex ecosystem. Token holder will experience immediate benefits across iFinex trading platforms, products, and services including LEO holders’ taker fees will be reduced by 15 percent overall crypto-to-crypto pairs (including crypto to Stablecoin. Taker fees…reduced by an additional 10 percent overall crypto pairs. For traders with an average >$5,000 USDT in LEO tokens in their account during the previous month…etc.”
Candlestick Arrangement

Considering the benefits, it was highly anticipated that the coin sold out in minutes, gifting BitFinex the much-needed liquidity. However, for investors, LEO prices sunk. Upon listing on May 20th, LEO prices dropped from $2.49 to $1.025 before closing at $1.07.
Even though it was seven percent in the green, investors were shaken. Presently, LEO on a recovery path, adding 96 percent and changing hands at $1.96 against the greenback. As a result of this, LEO’s market cap is $ $1,959 million surging 32 from week-to-date.
Technically, hype alone will shore LEO as investors don’t want to miss another BNB moment. Therefore, even though prices could react at $2.15 or the 78.6 percent Fibonacci retracement, bulls will likely prevail in the long term. Thus, for the savvy trader, every dip is another buying opportunity. Stop limits at $1.55 could be the safety net just against there is an unexpected liquidation.
Technical Indicators
Noteworthy, trading volumes are increasing. That is buoying bulls, which is positive. Breaks above May 20th high at $2.15 should ideally be with high trading volumes exceeding 3.95 million of June 10th.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
 
The post Bitfinex’s LEO Spikes 32%, Passes IOTA on Crypto Leaderboard appeared first on NewsBTC.
Source: New feedNewsBTC.com

May Crypto Roundup: Markets Surged 50% as Bitcoin, Ethereum, BCH, EOS and IOTA Dominated

A 50 percent pump for crypto markets in May with BTC, ETH, BCH, EOS and IOTA gaining more than 50 percent each.
For a fourth month this year, crypto markets have surged with May market performance being the best so far. Total market capitalization surged by 50 percent in May, largely driven by Bitcoin which made it to $9,000. A ten month high of $285 billion was hit on May 30 before a slight pullback. Gains have been impressive for most of the top crypto assets and some have doubled in price.
Total market capitalization May 2019. Coinmarketcap.com
As in April, Bitcoin has been the driver of momentum for crypto markets continuing its uptrend and reaching a new 2019 high. Starting out at $5,350 Bitcoin surged 55 percent to end the month at $8,320. A high over $9,100 was touched at the end of May before a slight correction cooled markets off a little. BTC volume had surged to $25 billion and the scene was reminiscent of late 2017.
May Crypto Winners
Ethereum performance equaled that of Bitcoin has it pumped 60 percent to end the month at $260. Gains previously had been very hard to come by for ETH but May has finally seen a resurgence as it returned to highs not seen since August 2018.
XRP has not been as fruitful as the two above it but the Ripple token still managed a 37 percent gain in May to end it a $0.423. Bitcoin Cash did much better conversely with a surge of just under 60 percent to end the month at around $425.
Litecoin had a solid run in May jumping 48 percent from $74 to $110. LTC is likely to continue this momentum in the run up to its halving event in August. EOS matched ETH in terms of performance adding 60 percent over the month to end it at $7.75.
Binance Coin, which has been a train this year, made 45 percent in May moving from $22 to $32. BNB also hit a new all-time high of $35 just before month end. Bitcoin SV had been manipulated by a fake news scam so its 250 percent surge to $190 from $54 cannot really be considered. Rounding out the top ten is Stellar which has been slow to recover making just 30 percent to end May trading at $0.13.
Tron managed 34 percent in May climbing to $0.032 by the end of it and Cardano was even weaker adding just 22 percent over the month. Monero did much better with a 48 percent increase to end May at $92.
Dash made a similar 44 percent reaching $160 by month end while IOTA had better fundamentals driving it up 60 percent to $0.49. Cosmos increased by 43 percent, Ethereum Classic 39 percent, but Tezos only managed 21 percent. NEO gained a solid 35 percent and rounding out the top twenty was NEM surging almost 70 percent in May.
There were no losers last month which has been one of the best since the previous bull market. The top performing cryptocurrencies in May 2019 were Bitcoin, Ethereum, Bitcoin Cash, EOS, IOTA and NEM, all of which gained in excess of 50 percent. Those not performing so well getting smaller gains included Stellar, Cardano, and Tezos.
All figures from Coinmarketcap.com
Previous months: February 18 | March 18 | April 18 | May 18 | June 18 | July 18 | August 18 | September 18 | October 18 | November 18 | December 18 | January 19 | February 19 | March 19 | April 19
Image from Shutterstock
The post May Crypto Roundup: Markets Surged 50% as Bitcoin, Ethereum, BCH, EOS and IOTA Dominated appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto-Market Top Weekly Performers: Bitcoin, XRP, Tron, IOTA, EOS, and Bitcoin SV

The cryptocurrency market capitalization had breached the $275 billion mark for the first time this year, as the sentiments towards cryptocurrencies, especially Bitcoin [BTC] have been on the rise with increasing adoption and development.
Bitcoin price went through a roller coaster ride this week as it began and ended the week around $8700. BTC recorded a Year-to-Date (YTD) high near $9100 on Thursday which was followed by a swift pullback to $8000. Nevertheless, the price rose the following day again, and Bitcoin has above $8700.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $8733
Closing Price: $8740
The weekly gains: 0.09%
Weekly High/Low: $9096/$8000
The market dominance of bitcoin was around 55% during the week, with rather significant ups and downs. However, Bitcoin continues to be the primary driver of price in the cryptocurrency markets.
Nevertheless, developments and news around other cryptocurrencies were also plenty during the week. Some of the notable gains were recorded in the following cryptocurrencies (Not in any specific order):
XRP Gains on Market Momentum
One of the top gainers in the recent week has been XRP as it continues to consolidate above $0.43. Concerning Bitcoin [BTC], the price is finding support above 0.00005 BTC.
Also Read: Bitcoin [BTC] Builds a Strong Case as ‘Store of Value’; XRP ‘Golden Cross’ On the Horizon
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $0.409
Closing Price: $0.439
The weekly gains: 7.39%
Weekly High/Low: $0.474/$0.404
EOS Builds On Anticipation of a Big Announcement of its Secretive Social Media Platform
EOS was one of the top performing coins as Block.one built immense anticipation of a big announcement scheduled for June 1, 2019. The firm announced a new Social Media network, Voice, which rewards the users for the number of likes and engagements. It is was published on a large scale and drew the attention of almost the entire crypto-community.
Nevertheless, the price surge subsided after the release as the social media platform still has a very long way to go interns of user base and to build communities online.
EOS/USD 1-Day Chart on Binance (TradingView)
Opening Price: $6.94
Closing Price: $7.88
The weekly gains: 13.46%
Weekly High/Low: $8.71/$6.71
Bitcoin SV [BSV] Controversy Over Copyright  Doesn’t Stop the Price
Bitcoin SV [BSV] is the highest gainer of the week with near 100% gains. The price broke above $$250 to register a new All-Time High (ATH) on BSV. However, there was considerable volatility in the price. Moreover, the fundamentals of the rise were questioned at each step, and it was presumed to be back by fake news.
BSV/USD 1-Day Chart on Bittrex (Tradingview)
Also Read: Bitcoin SV [BSV] Flash Crash at Bitfinex; Another Copyright For Satoshi’s Whitepaper
Opening Price: $104
Closing Price: $189
The weekly gains: 83.11%
Weekly High/Low: $252/$103
Tron Breaks above $0.04
Tron [TRX] was one of the top gainers as CEO of Tron Foundation has also kept something ‘up his sleeve’ which he will reveal on June 3, 2019. Tron also has a massive community of investors and Dapp developers backing its price.
TRX/USD 1-Day Chart on Binance (TradingView)
Opening Price: $0.0311
Closing Price: $0.040
The weekly gains: 28.65%
Weekly High/Low: $0.0411/$0.0291
 
IOTA’s New Blockchain
IOTA announced a new update to its protocol, ‘coordicite’, which enabled permissionless, zero-fee transactions on the network. This is hailed as one of the most innovative protocols for the execution of blockchain-based transactions.
IOTA/USD 1-Day Chart on Binance (TradingView)
Opening Price: $0.41
Closing Price: $0.494
The weekly gains: 20.41%
Weekly Low/High: $0.392/$0.574
*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 2nd June 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, XRP, Tron, IOTA, EOS, and Bitcoin SV appeared first on Coingape.
Source: CoinGape

Crypto Markets Hit Ten Month Peak as Altcoins Crank Higher

Crypto markets at new yearly high; BSV manipulated, ETH, BCH, IOTA, Cosmos, NEO and NEM flying.
Market Wrap
More momentum today has driven crypto markets to a new 2019 high. The majors are still holding gains and some are cranking double digits at the moment leading to calls of ‘altseason’ once again. Total market capitalization has reached a ten month high at $280 billion.
Bitcoin is bouncing back yet again with no sign of this big correction in sight. From yesterday’s low of around $8,500, BTC has wound back up to $8,730 where it currently trades a couple of percent higher. Dominance, however, is dropping back towards 55 percent indicating larger gains for the altcoins.
Ethereum has made a bigger move today reaching its 2019 and ten month high of $285. Surging 7 percent on the day, ETH may well hit $300 before showing any signs of a correction. Its market cap has now reached $30 billion which is 50 percent more than its closest rival, XRP, which is only managing to hold support.
There is a lot of green in the top ten during Asian trading today. Another manipulated scam has sent Bitcoin SV barreling up the charts and doubling in price as Chinese and Korean traders load up on fake news fomo. BSV has managed to top $4 billion in market cap flipping USDT, XLM, ADA and TRX in one almighty pump. Bitcoin’s other offshoot, BCH, has also done well today with a 10 percent gain to reach $470. BNB is back at ATH with a 7 percent climb as EOS, LTC and XLM add 5 percent.
The top twenty looks a little different today with big gains for most. IOTA is still flying as it reaches $0.54 following yesterday’s announcement and Cosmos is also adding 13 percent. NEO and NEM have both pumped 14 percent and the rest are making solid gains.
FOMO: Fake News Scam Sends BSV to The Moon
With a gain of over 100 percent, FOMO is not strong enough to describe the Asian reaction to the fake announcement that floated around Chinese social media a few hours ago. A spoofed post from a Chinese crypto outlet said that Craig Wright had sent 50k of BTC from the original Satoshi account to one on Binance to prove is identity. The BS in BSV should stand for bullshit as this is exactly what they were reading.
Other variants of Bitcoin are also pumping today with Bitcoin Diamond surging 50 percent and Gold up 26 percent. It comes as no surprise that Aurora is dumping again as the chart for this coin looks like a sine wave.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization is at a new 2019 high of $280 billion as $13 billion flows back into digital assets over night. The last time markets were this high was at the end of July 2018 when things started falling fast. Almost a year later the momentum is going the other way as altcoins start cranking up once again.
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.
The post Crypto Markets Hit Ten Month Peak as Altcoins Crank Higher appeared first on NewsBTC.
Source: New feedNewsBTC.com

IOTA [MIOTA] teases new protocol ‘Coordicide’ with the launch of new website

IOTA [MIOTA] made headlines over the last couple of weeks on the back of which, IOTA Foundation launched a new website which incorporated the blueprint of a protocol update called Coordicide. With the launch, IOTA has announced that it is developing its scalable and fully decentralised distributed ledger technology.
Through the release of Coordicide’s blueprint, IOTA intends to resolve issues related to high transaction fees, scalability and decentralize the network further. IOTA Foundation had put in place, ‘Coordinator’, which protected user funds during the initial stages of the network. The said upgrade will furnish a new mechanism for securing the network, while eliminating the ‘coordinator.’
According to the press release, David Sønstebø, Co-founder of IOTA Foundation, while commenting on the release of blueprint stated,
“We have been working towards the removal of the Coordinators since IOTA’s inception. Now with the maturity and growth of the protocol and the quality of our research team, we are bringing that promise to fruition. IOTA was designed to address the limitations of Blockchain with a feeless and scalable solution. That is now becoming a reality. With this major milestone, we are poised to accelerate into our next phase of growth and enterprise adoption in the real world.”
Expansion of the IOTA research team led to the formation of IOTA Research Council, which in turn enabled smooth development of an alternate and effective security mechanism replacing the Coordinator from the picture. Along with scalability and decentralization, deployment of Coordicide will bring flexibility, faster transaction times and simplified node maintenance. Coordicide seems to finally be a solution to the tri-factor problem – Scalability, Decentralization and improving blockchain technology.
The release was confirmed by IOTA News in a tweet,

#news: IOTA Announces Coordicide Solution: A Distributed Ledger Technology which Removes the Barriers to Real-World Adoption. https://t.co/MbfTKEtPGcMore details on https://t.co/DeFRKEToRe#IOTA #Coordicide
— IOTA News (@iotatokennews) May 28, 2019

IOTA gained by 52% over the last week, in the wake of partnerships with Jaguar, Avery Dennison and French agtech start-up, OKP4. IOTA was priced at $0.4770 with a market cap of $ 1.3 billion. IOTA was gaining by 12.01%  over the last 24 hours, at press time.
The post IOTA [MIOTA] teases new protocol ‘Coordicide’ with the launch of new website appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: IOTA Defies Market Correction With 16% Surge

Crypto markets cool off; IOTA cranking while Bitcoin, BNB, Tron and Monero start to slide.
Market Wrap
There has been a bit of a cooling off for Bitcoin and crypto markets following solid gains over the past couple of days. Red has seeped into the charts as losses begin to accelerate during Asian trading today. This has knocked $7 billion off total crypto market capitalization as it slides back towards $265 billion.
From a high of $8,760 a few hours ago Bitcoin started to fall back, dropping 3 percent to below $8,500. The selloff has accelerated over the past two hours and may well result in a fall back to resistance at around $8,200. The big 30 percent pullback is still looming and it may have just started to happen.
Ethereum has followed suit, dropping a similar amount at the time of writing and falling back to $263. ETH still remains coupled to the movements of BTC, especially on the downside.
The top ten is all red at the moment with altcoin losses starting to mount up. Only XRP is surviving right now with no losses on the day but that will definitely change if markets drop further. Binance Coin has lost the most with a 5 percent slide back to $32 while Litecoin is back at $111 losing almost 3 percent.
There is only one altcoin surging in the top twenty today. IOTA has pumped over 16 percent as the Tangle team announces the next evolutionary stage for the platform. A move closer to full decentralization with ‘Coordicide’ has driven IOTA fomo today as it gets close to $0.50.

IOTA Announces Coordicide Solution: A Distributed Ledger Technology which Removes the Barriers to Real-World Adoption. https://t.co/g7qdimiDewMore details on https://t.co/Gx8P2tMgtH#IOTA #Coordicide
— IOTA (@iotatoken) May 28, 2019

Big dumps are everywhere else with Tron, Monero and Ethereum Classic dropping 5-6 percent. The rest are also starting to fall back now with a couple of percent lost each.
FOMO: Aurora Back Up
AOA must be one of the most pumped and dumped altcoins in the top one hundred. Today it is back up 24 percent for no apparent reason again. Pundi X has made 15 percent as former member of the governing board of the Ethereum Foundation, David Ben Kay, gets appointed as President of the Function X Foundation. IOTA is the third altcoin in double digits at the moment. At the messy end of the top one hundred is Verge and Aelf dropping 7 percent each.
Total market capitalization 24 hours, Coinmarketcap.com
Total crypto market capitalization has shrunk by $7 billion in 24 hours as it returns to $267 billion. Bitcoin has been largely responsible for the decline as altcoin losses are largely comparable. On the week, however, markets are still up by almost 7 percent so the minor pullback is just that – at the moment.
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.
The post Crypto Market Wrap: IOTA Defies Market Correction With 16% Surge appeared first on NewsBTC.
Source: New feedNewsBTC.com

IOTA Gains above 10% After ‘Coordicide’ Update; Will the Price Increase Further?

IOTA breached another yearly high on 29th May 2019 as the price gained about 10% on a daily scale. The price of IOTA at 4: 37 Hours UTC on 29th May 2019 is $0.473. It is trading just below the six-month support level near $0.47.
IOTA/USD 1-Day Chart on Binance (TradingView)
IOTA Announces a ‘Feeless Decentralized DLT Platform’
The rise can be attributed to the recent update on IOTA labeled as ‘coordicide’ or the death of the coordinator. It includes all kinds of validating nodes with miners and stakeholders. IOTA has introduced a permissionless and scalable Distributed Ledger Technology.
According to the claims of the non-profit organization behind IOTA, the adoption and evolution of the DLT are not influenced by miner gains or corruption. Moreover, the new protocol implements fee-less transactions. Hence, it enables micro-payments, and information and data sharing between machines.
IOTA’s Distributed Ledger Platforms aims at providing a new generation of a blockchain application that is fast and free to use. Nevertheless, the feeless model creates doubt about its fundamental intrinsic value. At the same time, increased adoption of IOTA due to the technical prowess will affect the price positively due to limited supply.
Price Analysis
Technical Analysis suggests that the bull run might continue if IOTA breaks above the current Resistance and support level. The MACD on the four-hour, daily, and weekly chart suggests bullish divergence. However, the RSI is near the over-bought region, indicating a pullback.
IOTA/USD 1-Day Chart Analysis (TradingView)
The 50 and 100-Day Moving Average also moved above the 200-Day Moving Average on a daily scale which is also a bullish indicator. A bullish target of $0.72 is on the cards but stop losses must be placed below $0.38.
Furthermore, Bitcoin’s dominance and influence over the prices on cryptocurrencies is considerable. Hence, the traders and hodlers should also watch out for BTC price movements.
 
The post IOTA Gains above 10% After ‘Coordicide’ Update; Will the Price Increase Further? appeared first on Coingape.
Source: CoinGape

IOTA [MIOTA] yields massive output post partnership with Avery Dennison

IOTA [MIOTA] has recently been expanding its reach by increasing partnerships with other companies. The recent partnerships with an agtech french startup and Avery Dennison have proven to be in the best interests of MIOTA. The partnership with the clothing line resulted in IOTA’s price shooting up by 52% on the seven-day time frame.
The agreement with Avery Dennison intends to produce sustainable goods and clarity in the production of the same. It was first tested out with the ALYX brand, which allowed customers to track their products in real time on the supply chain, making the production of goods as transparent as possible through the use of blockchain technology.
Priced at $0.3973 with a market cap of $1.1 billion, IOTA ranks 15th overall. Post the partnership with Avery Dennison, IOTA saw a six-month high of $0.4375, escalating from $0.2708. Although the price has come down due to the recent price pull of Bitcoin which forced the market to tread low, IOTA seems to be doing well and no drastic fall in prices was seen.
Source: TradingViewA similar partnership was seen with Jaguar and a french agtech startup OKP4 to store and share information with IOTA coins as a reward. The 52% increase can also be attributed to all of these partnerships, which accumulated overtime and showed the gross result.
The post IOTA [MIOTA] yields massive output post partnership with Avery Dennison appeared first on AMBCrypto.
Source: AMB Crypto

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.
The post Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run appeared first on Coingape.
Source: CoinGape

Crypto Markets Surge $27 Billion In a Day To Nine Month High

Crypto markets surge to nine month high; Bitcoin, XRP, BCH, EOS and IOTA commanding things.
Market Wrap
The ice has melted. Crypto winter is now over as markets surge an epic 13 percent on the day to hit a new high not seen since September last year. Bitcoin has led the pack once again but some of the altcoins are getting double digit gains today. Total market capitalization has pumped close to $240 billion, doubling since mid-February.
Bitcoin breezed past $8,000 a few hours ago to record a high of $8,050, its highest price for almost nine months. The monumental daily pump is the second time in less than a week that BTC has surged by a thousand dollars. The big pullback that everybody has expected has not arrived yet and momentum is still extremely bullish for the king of crypto.
Ethereum has finally broke and remained over $200 as it too grabs the coat tails of Bitcoin and rises 10 percent. ETH was trading just below $210 at the time of writing and is likely to go higher according to the technicals.  ETH has not had a sustained run above $200 since early November and the FOMO is getting shared around today.
The top ten is on fire at the moment. XRP has shot off like a rocket with over 20 percent added in its largest single move since December last year. Currently trading at $0.387, XRP volume has pumped to over $3 billion. Bitcoin Cash is getting a double digit gain of 11 percent as it knocks on the door of $400 and EOS is over $6 again with 12 percent added on the day. Even the lack luster Stellar and Cardano are pumping ten percent today as the altcoins awaken.
The party has continued into the top twenty during Asian trading with IOTA getting the biggest gain of 13 percent to reach $0.353. Double digits are also cranking prices up for Monero, Dash, Ethereum Classic, NEO and Ontology.
FOMO: Ripple Army Marches
XRP its today’s top performing crypto asset. Forbes has run a piece on the expansion of the XRP ledger and the company has been relentless in securing new banking partners. Holo is the second best performing altcoin in the top one hundred at the moment as it surges over 15 percent. There are too many other altcoins in double digits to mention here at the moment.
Not all of them have been invited to the party though. Maximine Coin is dumping again with MXM at the bottom of the pile dropping 8 percent. KuCoin Shares is the other big loser today with a 6 percent slide.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has surged by a monumental $27 billion over the past 24 hours. At $238 billion things have not been this high since early September, nine months ago. Back then the trend was downwards, but over the past three months things this time have been on the up. Daily volume is approaching a record high of $95 billion as fomo grips crypto land once again.
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.
The post Crypto Markets Surge $27 Billion In a Day To Nine Month High appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Target Additional Gains: EOS, Bitcoin Cash, TRX, IOTA Analysis

The total crypto market cap broke the $168.0B resistance and settled above $170.0B.
EOS price is currently facing a strong resistance near the $4.80 and $4.85 levels.
Bitcoin cash price is currently correcting recent gains towards the $265 or $260 support.
Tron (TRX) price failed to move past $0.0245 and declined towards $0.0235.
IOTA started a downside correction below the $0.3000 support level.

The crypto market cap is currently consolidating, with corrective moves in bitcoin (BTC) and Ethereum. BCH, ripple, and altcoins like IOTA, TRX and ADA remains supported on dips.
Bitcoin Cash Price Analysis
Bitcoin cash price rallied earlier this week and broke the $265 and $270 resistance levels against the US Dollar. The BCH/USD pair tested the $275-280 zone and it is currently correcting lower. It broke the $270 level and it seems like the price may test the key $265 support level.
Any further losses may push the price towards the $260 support level. On the upside, a follow through above $270 and $272 may perhaps open the doors for a sharp upward move in the near term.
EOS, Tron (TRX) and IOTA Price Analysis
EOS price recently tested the $4.80 and $4.85 resistance level. The price is currently correcting lower and testing the $4.75 level. The main support on the downside is at $4.70, below which there is a risk of a fresh decline towards the $4.55 support level. On the upside, a close above the $4.85 level is must for a test of the $5.00 resistance level.
Tron is still trading in a bearish zone and it recently struggled to gain strength above $0.0242. TRX price declined below the $0.0240 support and it remains at a risk of more losses. An initial support is at $0.0232, below which the price may revisit the $0.0225 level. On the upside, the main hurdles are $0.0242 and $0.0245.
IOTA (MIOTA) started a downside correction after a strong rally. IOTA price recently traded below the $0.3000 support and it is currently down 2.6%. An immediate support is at $0.2950, below which the price may test the $0.2920 level.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $168.0B and $170.0B resistance levels. The market cap is currently moving in a range and facing hurdles near the $174.0B and $175.0B levels. A successful close above the $175.0B resistance is likely to push the market cap towards the $180.0B resistance level. On the downside, there is a strong support forming near the $170.0B level and the 100 SMA on the same chart. Therefore, dips remains supported in bitcoin, ETH, TRX, litecoin, EOS, ripple, XLM, XMR and other altcoins in the near term.
The post Crypto Market Target Additional Gains: EOS, Bitcoin Cash, TRX, IOTA Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Top losers: IOTA falls by 7% as Jaguar integration hype fades; Bitcoin Cash [BCH], BNB and Cardano follow suit

The last day of April was bad for the cryptoverse as the collective market was colored red. The month saw the Bitfinex-Tether episode come to light, bringing down the valuation of Bitcoin [BTC] and other altcoins shortly after. The market was yet to recover from the skydiving prices, at press time.
Source: CoinMarketCap
IOTA [MIOTA]
Source: Trading View
Following the news about its integration with Jaguar, MIOTA jumped by almost 17% yesterday. Jaguar had announced that it will enable its drivers to earn IOTA [MIOTA], while sharing their driver data. Furthermore, the statement also said that IOTA would be developing “smart wallet” technology for Jaguar cars.
Although investor sentiment shifted in the token’s favor, it failed to sustain the momentum and saw significant correction on April 30. At press time, the coin was priced at $0.289 after falling by 7.30% over the past 24 hours. The token’s market cap stood at $803 million, with a 24-hour trading volume of $76 million.
Binance registered the highest trade volume for the token via its IOTA/BTC and  IOTA/USDT pairs, which was 26.32% and 15.98% of the total trade volume, respectively. IOTA/BTC registered $20 million in trade volume while IOTA/USDT accounted for $12 million.
Bitcoin Cash [BCH]
Source: Trading View
Bitcoin Cash suffered the bear’s wrath over the past week. After falling by almost 21.15% over the past week, the Bitcoin hard fork was trading at $236.51, at press time. The coin registered a market cap of $4.19 billion and a 24-hour trading volume of $1.4 billion. Any recovery in prices in the short-term was unlikely since the coin was still falling by 0.38% over the hour, at press time.
Many investors attributed several reasons, apart from the Bitfinex-Tether episode, for BCH’s failed price recovery. Twitter user, Joseph Fiscella, said,
“From what I understand, Bitcoin Cash $BCH is in serious danger due to the fragmentation of ABC/Unlimited nodes running on their network. ABC contains max reorg depth consensus code, which is not found in Unlimited, and could permanently split the network under certain conditions.”
OEX and LBank registered the highest BCH trading volumes, with $167 million and $123 million via BCH/USDT and BCH/BTC pairs, respectively.
Binance Coin [BNB]
Source: Trading View
Binance Coin enjoyed a relatively stable week after reaching its all-time high valuation of $25. The announcement of the Binance Mainnet acted as a catalyst to the surge in the token’s price. However, the Bitfinex-Tether fiasco, coupled with market correction and the fall of other altcoins, pulled the token’s price down.
At press time, BNB was trading at $21.46 with a market cap of $3.02 billion and 24-hour trading volume of $191 million. It was falling by 5.24% over the day. The token had fallen by 10.54% over the week and was falling by 0.71%, at press time. Binance registered the highest trading volume for the token via the BNB/USDT and BNB/BTC pairs, accounting for 24% and 15% of the total trade volume, respectively.
Cardano [ADA]
Source: Trading View
Cardano lost 17.68% of its valuation over the past week. Following the April 1 market surge, the token continued to fall through the month. Over the course of the past four weeks, the coin broke multiple support points, with investors and analysts trying to ascertain a bounce-back point.
At press time, the token was valued at $0.065 after falling by 5.09% over the past 24 hours. ADA registered a market cap of $1.69 billion and a 24-hour trading volume of $72 million.

However, some analysts were predicting a good future for the coin, once it finds a strong support point. Twitter user, CrytpoUB, said,

“$ADA – I reopened my long position (at 1363) that I closed the other day. Daily support held on Binance without any closes below Green. Reclaiming 1404 as support is Key.”

The post Top losers: IOTA falls by 7% as Jaguar integration hype fades; Bitcoin Cash [BCH], BNB and Cardano follow suit appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: Red Across The Board, Is a Big Selloff Imminent?

Crypto markets in decline; All assets falling, Bitcoin Cash, BNB, Cardano and IOTA falling harder.
Market Wrap
Crypto market momentum appears to be running out of steam and analysts are calling for a pullback. Red is the dominant colour across the boards during Asian trading this morning as total market capitalization slips back below $170 billion.
Bitcoin has failed to make any further progress above $5,300 and has retreated back below it today. Down around 1.4 percent BTC is currently hovering around the $5,230 level and is likely to fall further as the week goes on. Several prominent crypto traders have predicted a drop below $5k and even back to the low $4,000s.
Ethereum has not moved at all and is still at $157. Chances are though it will plummet as soon as Bitcoin makes a move though there is still pretty strong support for ETH at $150 which could see it correct back to $160.
The top ten is awash with red at the time of writing. Bitcoin Cash is dumping the most again today as it sheds a further 7 percent down to $237. Binance Coin and Cardano are the next big losers as they both drop 5 percent on the day to $21.47 and $0.065 respectively.
More red has painted the top twenty over the past 24 hours. IOTA is dumping recent gains indicating that the partnership announcement clearly wasn’t enough to keep this token buoyed up. A 7 percent loss takes MIOTA back to $0.29. Tron and Ontology have dropped 4 percent and the rest are falling back a little less.
FOMO:  NEXT Enters The Top 100
There are no fomo pumps occurring today, in fact only one altcoin is actually in the green at the moment and that is NET adding 4 percent to creep into the top one hundred. The Coinbit based token is trading at $0.91 at the moment, no others are moving up aside from stablecoins.
Today’s big dump is Ravencoin as it falls out of the sky by 14 percent back to $0.045. DigixDAO is also in pain falling back below $30 as the gold backed token drops 10 percent and Ark is not far behind also losing 10 percent on the day.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization is about to fall out of its range bound channel. It is currently down 1.75 percent to $168 billion as $3 billion left the space over the past 24 hours. Daily volume has increased to $45 billion but things appear to be flowing out at the moment. All signs are pointing to further declines at the time of writing.
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.
The post Crypto Market Wrap: Red Across The Board, Is a Big Selloff Imminent? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market Wrap: IOTA FOMO Keeping Markets Steady

Crypto markets lethargic on Monday morning; Bitcoin holding steady, Ontology dumping, IOTA mooning.
Market Wrap
Crypto markets are still pretty lethargic this Monday morning. Following a weekend of inactivity things still have yet to wake up for most crypto assets. Total market capitalization has remained above $170 billion as the sideways trading continues.
Bitcoin has been pretty inert for the past 24 hours, hitting $5,320 twice before pulling back to $5,260. At the time of writing BTC was trading just over $5,300 again, no change from this time yesterday. Bitcoin is still in the channel for now.

Nothing new to report on $BTC. Still in the channel, and still going up. Will short on confirmation of a break of the channel or break in OBV otherwise no position or going long seems more logical. pic.twitter.com/RymhLtd0d2
— Income Sharks (@IncomeSharks) April 29, 2019

Ethereum has dropped back a little and is currently at $158, still pretty weak considering recent gains. ETH has dumped over 7 percent since this time last week and has formed a down trend as it continues to weaken.
The top ten has more red than green in it during today’s Asian trading session. Bitcoin Cash has lost the most as it falls back 4 percent to $254. Continued selling pressure will enable EOS to retake fourth place soon as the market cap gap is now just $50 million. Litecoin has dropped another 2 percent back to $70 but the rest are unchanged.
Top twenty action is a little more lively with IOTA having a moonshot at the moment. The big partnership with Jaguar is today’s top news and IOTA has pumped 15 percent on the day to reach $0.31. Maker is also back in form with a 7 percent surge at the moment taking MKR to $557 and Ethereum Classic is up 3 percent. Dumping hard following yesterday’s pump is Ontology shedding 7 percent on the day. Tezos is also having a pullback dropping almost 5 percent today.
FOMO: ODEM Still Cranking
The fomo has continued for ODEM today as the education based token adds another 15 percent. Over the past week ODE has made over 50 percent and momentum rolls on for now. A very close second also with similar gains is IOTA, surging on the recent partnership news. Japan’s Monacoin has crept back over a dollar with 10 percent gained on the day.
There are no double digit dumps today but Ontology is at the bottom of the top one hundred pile closely followed by Dent dropping 6 percent.
Total crypto market capitalization has not moved since yesterday and remains at a touch below $172 billion. Daily volume is still around $40 billion and the consolidation continues. There is not much to report from crypto land today aside from the IOTA fomo.
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.
The post Crypto Market Wrap: IOTA FOMO Keeping Markets Steady appeared first on NewsBTC.
Source: New feedNewsBTC.com