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4 Popular Cryptos Performance After the November Market Crash

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After the recent market crash that started in mid-November, the market is showing the first signs of recovery, as investors are once again starting to buy cryptos. The market cap is currently just above $130 billion in total, which is a significant increase from this year’s lowest point of $115.1 billion.

However, the full recovery that many are expecting and predicting will likely take a longer period of time, as the change from the downtrend to an uptrend cannot be achieved overnight. Experts expect that the process of building a proper basis for an uptrend will likely take several weeks, during which coins will neither be at the bottom nor actually rising. However, investors are still interested in how some of their favorite coins are performing.

Bitcoin (BTC)

This was arguably the worst November that Bitcoin has experienced in at least seven years, with its price dropping once again by more than a third. This is a massive fall that came within only two short weeks, which shows that bulls were selling it rapidly. Many are currently wondering whether the coin will make another comeback, or if it will simply continue to sink.

While the coin is currently still well above $4,000, it is believed that its first support zone lies at some point between $3,000 and $3,500. In other words, it is unlikely that BTC will sink lower than this, even if its current price doesn’t hold. If it does happen, however, the next lowest level believed to be a stable bottom is at $1,752, although this is very unlikely to happen.

Bitcoin’s previous critical support zone was at $5,900, and violating it so suddenly usually means that the price will jump back up at some point. So far, the coin has seen lows previously observed as far back as in 2015, and while there are signs of recovery, a lot more needs to happen in order to confirm that the coin has found a new bottom.

Ethereum (ETH)

Ethereum has officially started working towards bringing a new upgrade known as Ethereum 1x. The upgrade is expected to improve the usability of the ETH network, and the early predictions say that it might arrive by June 2019. Ethereum’s co-founder, Vitalik Buterin, also made headlines several days ago by receiving an honorary doctorate from Switzerland’s oldest university, the University of Basel.

The doctorate was given to him for outstanding achievements in the field of cryptocurrencies, smart contracts, and institutional design.

As for Ethereum’s recent performance, the coin looked promising in mid-2018, although this has changed since then, and the coin even lost its rank of the second largest crypto multiple times. Each time, it was overtaken by XRP, and while at first it ETH managed to regain its position, XRP eventually managed to overtake it permanently.

Bulls are currently doing everything in their power to keep ETH above $100, and the coin’s current price is $113.36 per unit. Many experts believe that the coin will soon bounce back. Its resistance levels are believed to be at $136.12 and $167.32. On the other hand, if the coin sinks once again, it is expected that it might continue to fall down to $66.

Litecoin (LTC)

A lot of people have lost their faith/interest in Litecoin, and do not expect its price to be able to hold. Despite this, the coin still has quite a number of supporters who believe that the fall is the best opportunity to buy before the surge arrives.

It is true that recent months were very damaging for Litecoin’s price, and even now, bulls are trying to prevent the coin from falling below $28. However, LTC has not had a noteworthy uptrend since April 2018. The coin has been oversold as well, so the possibility of a bounce still exists, and it is estimated that the first resistance level awaits at $47,246. However, in case of a further drop, two support levels are believed to be at $28 and $19.752.

TRON (TRX)

TRON has also managed to make a move against Ethereum, only in a different way than XRP. Where XRP took over Ethereum by market cap, TRON became the most popular dApp platform in the world. In addition, TRON also announced the addition of privacy features in early 2019.

As for right now, TRON also dropped below what was believed to be its bottom. For months, the coin balanced between $0.01587681 and $0.02815521, only to drop to a new low of $0.014519. While it is believed that the target of the breakdown was much lower than this (likely at $0.00844479), the bulls managed to keep the coin from reaching it. Now, the old support level became a resistance level, and a rally is expected to come soon.

However, this will only happen if the coin breaks the next resistance level as well, and exceed the price of $0.02815521.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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