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Realistic current crypto market trends: Bitcoin, ETH, Litecoin, Digibyte, XRP

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Litecoin Digibyte XRP

You’re probably sick of hearing that the cryptocurrency market has been going down since last December. Many neutral observers thought we were close of hitting bottom at last. Then came November 14th and it brought the market down strepitously. That should have been it, right? Wrong. On Monday it plummeted yet again.

Fasten your seatbelts because there is no guarantee that we have finally reached the lowest we could go. The signs are still bearish.

In this article, we’re going to share with you the conclusions that can be drawn from the technical market analysis, without delving into all the dirty details. No lines, no graphs, we’ll use plain English only.

Bitcoin

After a long stability period, BTC broke down on Wednesday last week, and then again on Monday this week. The expected behavior in these conditions is for the coin to bounce back briefly (it’s yet to happen, as we write this as the crypto-king still trades in red numbers concerning the last 24 hours) but only to fall again. Yes, Bitcoin can go lower (even to 3k), and chances are it will, don’t be deceived by the current rise, it’s not here to stay. Remember to follow the moving averages.

Ethereum

It’s getting very close to its support level (which is $100, the price is $132 as we write this). This is one to watch closely because of that. The support level is the price at which buyers come back to the market. Then the volume increases and the market bounces back. The next support level would be $55.00. Planning for both scenarios would be wise.

Litecoin

It’s at $34, and it’s been fluctuating over the last 24 hours. The signs give the day to the bears, but a small reaction is expected to occur soon.

Digibyte

It’s lost a lot of support. The level was at $0.015, and it’s been so close to it that it could bounce back anytime now. In fact, it traded in green numbers till last night before going into red-pool this morning again. If it goes further down, which is likely, then the next support level would be at $0.01 (stands at $0.012 currently). Digibyte should rise again at that point.

XRP

It’s been the most stable coin lately but it’s still had some fluctuation. If XRP reaches the $0.50 mark, it could go all the way up to $0.80 quickly, but if the market doesn’t follow through then, it will drop again.

The next support level is $0.38. If there is no buying pressure at that level, then XRP could go as far down as $0.30. Both things could happen so it will be essential to follow the trend. As we write this, it’s at $0.436 and trading in the red.

Please remember that we are not offering you financial advice of any kind, we just try to keep you updated with the market’s latest tendencies.

The current market is not exactly enticing, but it is, nevertheless, a rare opportunity to observe it, study it, and learn from it so that you can take advantage of similar behaviors in the future. Learn your market analysis and observe.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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.

Image Courtesy of Pixabay.

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

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One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

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