crypto expert

In the course of the Swell event that occurred in Singapore recently, a top manager of MoneyGram revealed that ODL product helps them make payments faster and cheaper Contents  Ripple’s ODL makes remittance fast and cheap  Is Spain’s third largest bank now with Ripple?  Weiss Ratings acknowledges Ripple and ODL  Many expected the Swell conference conducted in early November by Ripple in Singapore to trigger the growth of XRP price, since this happened in previous years.  However, it did not happen this time, even though Ripple did boast a tremendous yearly progress in landing new customers (over 300 now) and its partners in the use of On-Demand Liquidity (ODL). Ripple’s ODL makes remittance fast and cheap  The main partner so far in that is the global remittance operator MoneyGram, which sends funds from the US to Mexico using the local Bitso exchange and XRP. In the course of the conference, top execs at Ripple, Ross Edwards and Kevin Mol...

Ethereum is still facing resistance near the $155 and $156 levels levels against the US Dollar.  The price is likely to make a sustained move higher once it breaks the $156 resistance.  There is a key declining channel forming or a bullish flag with resistance near $154 on the hourly chart of ETH/USD (data feed via Kraken).  The price could start a fresh decline only if it settles below the $142 support area.  Ethereum price is consolidating gains above key supports versus the US Dollar, similar to bitcoin. ETH price could rally towards $165 once it clears the $156 resistance.  Ethereum Price Analysis Yesterday, there was an upside extension of the recovery initiated from $132 in Ethereum against the US Dollar.  ETH price climbed above the key $150 resistance and the 100 hourly simple moving average. Moreover, the price broke the $152 resistance and tested the next key resistance area near the $155 level.  A high was formed near the $156 le...

Bitcoin has been sliding amid a lack of capital inflows, raising questions about the future for bitcoin in the long-term.  Some analysts argue the nascent market has a long way to go before reaching maturity, as seen in traditional markets, where smoothed volatility and liquidity are important factors.  While others imply scarcity inherent in its algorithm is the main factor for bitcoin’s perceived value, now and in the future.  A poll conducted by Alex Kruger, a macro cryptocurrency analyst, shows the majority of Crypto Twitter participants think bitcoin (BTC) will ‘eventually’ mature and settle into a wide price range, resembling the traditional commodities markets in real-terms.  To drive home what he meant, Kruger said “something that settles into a range in real terms still trends in nominal terms due to inflation, as most commodities do. ” But timing is always the question and BTC could be faraway from that level of maturity, where it ‘settles’ into a ...

The world’s sixth-largest cryptocurrency, Litecoin, is in danger of a major corrective move to the downside as it continues to grind along the $55 level of support.  Litecoin’s latest fall from grace comes just a few months after the highly anticipated ‘halving’, which saw block rewards for miners slashed on August 5.  Since that date, Litecoin is now more than 49% down in price and 63% down from its yearly high of $146.  As the exponential moving average death cross draws closer for Bitcoin, it’s likely that Litecoin will follow its lead and slump further to the downside.  The next levels of support for Litecoin are at $50, $47, and $39.50, with the next level of resistance at around $60.  It’s worth noting that this time last year, Litecoin was on a perilous road towards a shocking $22 low as the majority of the cryptocurrency market capitulated. A return to that level isn’t completely unimaginable as the current price action is reflecting the g...

Ripple price is currently struggling to surpass the $0.2560 and $0.2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0.2600 resistance.  This week’s major bearish trend line is active with resistance near $0.2575 on the hourly chart of the XRP/USD pair (data source from Kraken).  A clear break below the $0.2500 support might start another decrease in the near term. Ripple price is facing a lot of key hurdles against the US Dollar and bitcoin.  XRP price is likely to struggle near $0.2600 and it could resume its decline.  Ripple Price Analysis After forming a support near the $0.2420 level, ripple started an upside correction against the US Dollar.  XRP/USD recovered above the $0.2500 resistance area and even climbed above $0.2560. However, the price failed to gain strength above the $0.2600 resistance and the 100 hourly simple moving average.  A high was formed near $0.2585 and the price rec...

Ethereum is currently correcting higher from the $172 support against the US Dollar.  Bitcoin price is also correcting higher, but it is likely to face resistance near $8,250. There was a break above a declining channel with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken).  The price is facing a lot of hurdles on the upside near $178 and $180. Ethereum price is attempting an upside correction versus the US Dollar, similar to bitcoin. However, ETH bears remain in control as long as the price is below $185.  Ethereum Price Analysis This week, we saw a major downside break in Ethereum below the $180 and $178 supports against the US Dollar.  ETH price even settled below the $180 level and the 100 hourly simple moving average.  Finally, there was a break below the $175 support and the price tested the $172 area.  A new monthly low was formed near $172 and the price is currently correcting higher.  It surpassed the $17...

A lack of positive developments in the crypto and blockchain space has led to fading sentiment and further declines in bitcoin's price.  A long-term bear crossover of the 100 and 200-day moving averages (MAs) confirms BTC's latest leg down.  BTC looks set to test the 100-period moving average on the weekly chart, now located at $7,520. Bitcoin prices tumbled over 4 percent Monday as buyers proved reluctant to engage with the market, likely due to recent suggestions of a new crypto crackdown in China.  At press time on Tuesday, the world's top crypto by market capitalization had dropped further, and was down 3.03 percent on the day.  Bitcoin is currently changing hands at $8,144, according to CoinDesk's Bitcoin Price Index.  Amid the lack of trader enthusiasm, two long-term moving averages  the 100 and 200 day  crossed over on Nov. 17, suggesting a long-term trend change in favor of the bears.  Daily chart As seen above, a crosso...

November 15, 2019, has come to pass, and yet another claim from Craig Wright has proven to be nothing more than conjecture.  One year ago, Wright claimed in a tweet that after a year’s time, he would release details on an alleged unrepairable flaw in both Bitcoin (BTC) and Litecoin (LTC) that essentially renders both coins dead on their feet.  According to the so-called ‘responsible disclosure’ tweet, the bug has something to do with the segregated witness (SegWit) upgrade that was rolled out for both Bitcoin and Litecoin in 2017. Wright also mentioned that both cryptocurrencies would be “shown to have no utility” and “are dead” before signing off with “Dead coin walking.” However, despite the warning that Bitcoin and Litecoin would be rendered broken, both Bitcoin and Litecoin appear to be running just fine.  The only noteworthy thing that did happen today was a flash-fill of the mempool, which resulted in temporarily higher transaction fees and longer waiting p...

Zcash is a cryptocurrency based on a decentralized Blockchain, aiming for making transactions more private than they are in the Bitcoin blockchain.  ZEC (Zcash token) transactions, like Bitcoin’s, are published in a public Blockchain, but unlike Bitcoin Zcash allows users to selectively disclose private information.  Zcash provides two types of keys: a “view key” and a “spend key.” While the latter is used to spend funds, the former is used to allow some individuals to see private information about your transactions.  View keys may be used for an audit or sharing information without disclosing it to the entire world. Zcash also provides encrypted memo fields that offer an opportunity of delivering messages to the recipient of the transaction that only a view key holder can see.  This can be used to deliver simple messages, or such things as payment code sand confidential or commercial information. Follow me on Twitter:  https://twitter.com/cryp...

Ethereum’s price action has been closely tracking that of Bitcoin’s in recent times, which has led it to experience some bearishness overnight as the crypto now nears the lower-$180 region  a consistent level of support for ETH.  This near-term bearishness may be short lived, however, as analysts are now noting that each price dip is worthy of being bought, which comes about as ETH’s Istanbul hard fork quickly approaches. Ethereum Nears Lower-$180 Region as Bitcoin Faces Influx of Selling Pressure At the time of writing, Ethereum is trading down roughly 2% at its current price of $183, which marks a notable retrace from its daily highs of $187 that were set yesterday morning.  ETH’s slight sell-off has come about as Bitcoin faces an increasing amount of selling pressure around its current support level of $8,700, which was briefly lost overnight as BTC plunged to under $8,600 before bulls fought back and helped the crypto reclaim $8,700 as support.  Over th...

Ripple price is trading in a downtrend below the $0.2750 resistance against the US dollar.  The price is facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels.  This week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken).  Besides, Ethereum is still holding the key $182 and $180 support levels. Ripple price is struggling to recover and trading in a bearish zone against the US Dollar and bitcoin.  XRP price remains at a risk of more losses below $0.2660. Ripple Price Analysis In the past few days, ripple followed a bearish path below the $0.2900 resistance area against the US Dollar. Moreover, XRP/USD settled below the key $0.2800 area and the 100 hourly simple moving average. It opened the doors for more downsides below the $0.2750 support area.  Recently, the price traded below the last swing low near $0.2680 and declined below $0.2670. A new monthly...

In June, Bitcoin (BTC) saw itself go through a spectacular blow-off top. In a few weeks, the cryptocurrency had shot up by 50%, leading to a number of predictions that this market would surpass its all-time high in months. Related Reading: Why Bitcoin Needs to Flip $9,700 Into Support to Support Bull Case True to the unpredictable nature of the crypto market, however, this didn’t happen.  After tapping $14,000  a quite important historical level, as this is a key Fibonacci Retracement level of the $20,000 bubble  BTC plunged as volumes spiked.  Within a day, the asset had plunged some 20%. And it’s been a vast amount of pain since then.  The blow-off top that was seen in June, though, might be a sign that a long-term Bitcoin bull run is on the horizon.  Here’s why. Bitcoin Preparing for Bull Run This June, the cryptocurrency market set a new volume record.  Although some dispute this fact  the volume records were largely set on exchange...

Bitcoin has been facing some turbulent price action over the past several days and weeks, which has led cryptocurrencies like Litecoin to establish wide trading range.  This volatility, however, has been generally positive, as most cryptos  including LTC  are trading up from their monthly lows.  Analysts are now predicting significantly further upside for Litecoin in the near-term, with one prominent crypto analyst noting that LTC could surge as much as 80% against its BTC trading pair in the coming weeks and months.  Litecoin Inches Higher Despite Bitcoin’s Recent Bearishness At the time of writing, Litecoin is trading up over 2% at its current price of $61.00, which marks a slight climb from its daily lows of $59.00.  While zooming out and looking at LTC’s one-month performance, it grows clear that its recent volatility has favored the cryptocurrency’s bulls, as it is currently trading up significantly from its 30-day lows of under $50 that were s...

What is a Crypto Exchanger? We can explain it to you! By q8ecoin.com When we refer to Exchange, we talk about a Cryptocurrency Exchanges, these are online platforms where you can exchange digital currencies for others, just as it would happen in real exchange houses, but except that it is only done with cryptocurrencies. What types of Crypto Exchangers are there? There are common exchanges, which are the most similar to traditional stock exchanges, where anyone can sell and buy cryptocurrencies according to the market price of the day, it is common for this type of Exchange to work only as an intermediary and usually charge a small commission for the service.  An example of this type of exchange would be www.localdigidinar.com or www.exchange.q8ecoin.com How can we take advantage of it? There is always a way to take advantage of each situation, we just have to inform ourselves a little, we will provide you with a way to make a profit through the ex...

Team lead at the Ethereum (ETH) Foundation Péter Szilágyi has confirmed Dec. 4 as the expected date for the network’s forthcoming Istanbul hard fork. In two tweets posted on Nov. 7, Szilágyi indicated that Istanbul will commence at block 9069000. He provided Geth mainnet node operators with a link to a new maintenance release designed to begin the hard fork’s initialization.  Geth is the name given to one of the two most popular clients used to operate nodes on the Ethereum network the other being Parity, which will update upon the activation of Istanbul but is now in the review stage. Ethereum gets closer to 2.0 Following the Constantinople upgrade  which was completed in February of this year  Istanbul represents the latest hard fork in the network’s eventual transition to Ethereum 2.0, dubbed Berlin, intended to be Ethereum’s final upgrade which is set to take place in 2020. Berlin’s most significant feature is rumoured to be the implementation of a new program...

As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse.  There are too many crypto projects, says Garlinghouse In an interview with Bloomberg released Nov. 5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here to stay.  That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers, Ripple CEO declared.  Growth is caused by the hype around the market According to Garlinghouse, the growing number of digital assets is caused by the hype around the crypto ecosystem.  Noting that there are more than 3,000 digital assets that trade on a daily basis to date, Ripple CEO hinted that very few will actually be able to meet customer needs, arguing that the vast majority of them “probably goes to zero.” He stated: “Anytime there is ...

Bitcoin price (BTC) failed to ignite much interest as October closed. There are approximately 194 days left until the next Bitcoin halving, which probably feels like an eternity away for those involved with the crypto space.  This week there was also a surplus of negative news events like the Bitmex email leak and the Coinbase flash crash that caused mass liquidations on Deribit.  So can we really expect Bitcoin price to do anything spectacular in the short term? Bitcoin price has been locked in a tight range around $9,100 - $9,400 for the last 5 days.  However, since the massive move 2 weeks ago, the Bollinger Bands (BB) indicator has opened up revealing quite a broad range of support and resistance.  The moving average shows $8,600 being the level of support that Bitcoin needs to hold before falling back in to the $7,000 range.  However, it is a positive sign that Bitcoin is currently holding in the upper percentile of the Bollinger Bands as the res...

Bitcoin Cash ABC fell by 0.69% on Monday. Partially reversing a 0.83% gain from Sunday, Bitcoin Cash ABC ended the day at $291.35.  A bearish start to the day saw Bitcoin Cash ABC fall to a mid-morning low $286.35 before striking a morning high $294.27.  Falling well short of the first major resistance level at $304.08, Bitcoin Cash ABC slid to an early evening intraday low $285.0. Holding above the first major support level at $283.05 rallied to a late intraday high $295 before falling back into the red.  At the time of writing, Bitcoin Cash ABC was up by 0.29% to $292.19. A mixed start to the day saw Bitcoin Cash ABC fall to an early morning low $289.20 before striking a morning high $292.19. Bitcoin Cash ABC left the major support and resistance levels untested early on.  For the day ahead, a move through to $293 levels would support a run at the first major resistance level at $295.90.  Support from the broader market would be needed, however, fo...