Ethereum

XRP has been weak in the short-term and based on the words of analysts, it could incur a remarkable upside move in the coming days, which may lead to the immediate key barrier close to $0.22. At press time, the performance of XRP was nominal at a price of $0.196. Over the past week, XRP revealed some signs of strength, moving from $0.18 low to its highs established a few hours ago. Bitcoin has performed better as it moved from weekly lows…

Block.one is the software publishing company behind the creation of EOS, and EOS VC, a venture capital firm focused on contributing early-stage capital to future blockchain tech development. The startup maintains that its two primary products are the VC arm and cryptocurrency but specifies that it is working to provide the most powerful infrastructure for decentralized applications available. The block.one team provides “end-to-end solutions” to bring corporations, investors, and institutions onto the blockchain via various services. Here is a beginner’s guide…

The cryptocurrency futures market has been experiencing a shakeup since the cryptocurrency market crash which happened on March 12. The market crash led to the decision by BitMEX to lose some of its futures marketplace to Binance, says the cryptocurrency intelligence company Coin Metrics. Reports have it that BitMEX experienced two distributed denial-of-service (DDoS) attacks during the market crash last month. The attacks led to late processing of market orders and 156 accounts sustained losses. Since then, BitMex has lost market volume…

ETH/USD Pair Price Analysis Yesterday, we mentioned the possibility of the ETH/USD to incur a huge rally above $180. It was able to follow a bullish path over $180 and the 100 hourly SMA. It incurred an upsurge over $188 barrier zone and attained a fresh weekly high close to $193. In recent times, the pair retraced to the downside beneath $188 and $185. Nevertheless, on the way to the downside, it secured support close to $182. A look at…

ETH/USD Pair Price Analysis Yesterday, we mentioned the need for the ETH/USD pair to surge over the 100 hourly SMA to incur a new rally. The pair did not move below $170 and was able to surge over the 100 hourly simple moving average. The buyers took over thereby clearing some critical barriers close to $175 and $180. Further, a look at the hourly chart of the pair revealed that it was able to surge over a major bearish trend…

ETH/USD Pair Price Analysis The ETH/USD pair declined steadily from $185 in the previous few sessions. It continued beneath the key $175 support as well as the 100 hourly SMA. It was able to test the $165 support zone and it is now consolidating losses. A look at the upside on the pair’s hourly chart shows the first barrier close to $173 which is the recent breakdown area. The initial major resistance is close to $175 since it is near the…

ETH/USD Pair Price Analysis The ETH/USD pair incurred a steep increase over $165 and $175 barriers within the previous few days. The pair continued to the upside over $180 barrier and established itself over the 100 hourly SMA. It attained a fresh monthly high close to $188 prior to the beginning of a downside retracement. It incurred a retracement beneath $180, but the buyers defended the key $175 support zone. It appears that a powerful support base is being formed…

Venture Smart Asia’s blockchain arm, Arrano Capital, has launched Hong Kong’s first approved cryptocurrency fund. The launch targets $100 million and offers an officially sanctioned window for institutional investors in Bitcoin. The announcement emerged on Monday, after it cleared the licensing conditions which allows dealing in virtual assets with the Securities and Futures Commission. In 2019, local regulators began to find means of exerting oversight over the cryptocurrency industry. This is the first time of approving such fund since then. Before now, the…

Despite Bitcoin being the normal leader of the cryptocurrency market, Ethereum has been doing better than the majority of all digital assets within the previous few days. At press time, the price of Ethereum was $182, which represents a 7 percent increment over the previous 24 hours and up to 24 percent increment since the weekly lows close to $147. The performance of Ethereum is such that its price increased by more than 100 percent from the bottom attained during…