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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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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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