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BTC/ETH/XRP — What to Expect in March 2019

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So far, 2019 has been relatively eventful for cryptocurrencies. While the huge rally is still just out of the reach, there were a few smaller surges in the past months which have shown that the bearish influence is losing its energy.

The last such surge started on February 18th, and it ended rather abruptly on February 24th. However, during this time, a lot of coins managed to make significant gains, with some of them even going as far as to briefly repair the damage they have seen in November 2018 market crash.

However, this is what happened in the past. And, while the past performance is important for coins, as it provides insight into potential patterns and behavior of specific coins, most investors are more interested in what to expect in the near future. March 2019 has arrived, and everyone wants to know what can be expected of the top 3 largest cryptocurrencies — Bitcoin (BTC), Ethereum (ETH), and XRP.

Bitcoin (BTC) in March 2019

Bitcoin is currently seeing gains, albeit extremely minimal, with the coin growing by only 0.02% in the previous 24 hours. At the time of writing, its price is at $3936.1, while its market cap remains just above $69 billion. Meanwhile, the largest cryptocurrency’s daily trading volume is above $10.2 billion, indicating that traders and investors are still using the opportunity to buy BTC while its price is low.

Bitcoin has seen decent enough gains during the one-week rally in February. It reached and even managed to breach, the $4,000 resistance, although it was struggling to stay above this price, and it was pushed back every time it made an effort to grow beyond it. While many assume that Bitcoin is ‘running dry,’ and that it is the lack of a cash flow what is preventing it from surging, it is still possible that the coin will find new strength and grow once again.

Nasdaq has recently launched Bitcoin and Ethereum indexes, which is a huge step in the right direction for both coins, as it will increase awareness and provide the two largest coins with additional attention. Further, Bitcoin has strong support at $3,800, and it managed to stop the decline during the correction on Feb. 24th. For now, it appears that BTC is gathering strength, and if nothing particularly damaging happens to the market, the coin will either stay where it is, or start slowly climbing back up towards $4,000.

Ethereum (ETH) in March 2019

Ethereum has also seen a lot of activity recently, and the coin managed to grow by as much as 33% in February before the correction took place. It went from $103 on February 6th to $164 on February 24th. However, the price reduction brought it down to an average price of $140 in the last week. ETH has mostly been trapped between the support at $136 and resistance at $144. However, on the last day of February, ETH experienced two hard forks which integrated two upgrades — Constantinople and St. Petersburg.

The two are expected to improve several aspects of Ethereum’s blockchain, including scalability, energy consumption, speed, and efficiency. They also reduced the mining rewards from 3 ETH per block to 2 ETH per block. The coin is currently trading in the red, although its losses are minimal, with a drop of only 0.57% in the last 24 hours. While ETH is recovering from the forks, its price remains at $139.94 at the time of writing, and it is possible that the more efficient and improved blockchain will bring more activity to ETH in March. As a result, its price may start climbing up. Again, if the bears remain silent, ETH might be seeing another surge soon.

XRP in March 2019

Finally, there is XRP, which has seemingly recovered quite quickly after a sharp bearish trend that took over last Sunday. After attempting to deal with a resistance at $0.34 to which the bullish momentum brought it, XRP dropped when the bears moved in, but its decline was stopped by support at $0.300. After spending a single day right above this support level, XRP surged once more and was again stopped by the $0.34 resistance.

However, in following days, its price started seeing a small decline, which was briefly stopped by minor support at $0.32, where the coin spent the final days of February. The coin broke this support on February 27th, and it has since been acting as resistance, until today, March 1st.

XRP is currently seeing 2.06% gains which have brought its price to $0.31172 at the time of writing. If the trend continues, XRP might continue to rise, even though most of the coins in the top 10 list are currently trading in the red. This kind of behavior is not unusual for XRP, and while it is still subjected to the volatility of the cryptocurrencies, the coin is seeing more and more acceptance by major banks around the world. Its influence is particularly strong in Africa and East Asia, while the banks are slowly turning to Ripple Labs’ products which are fueled by XRP.

While it is unlikely that XRP will achieve a massive rally on its own, its price can still keep its stability in March. On the other hand, if the entire market enters a bull run, XRP is likely to join as well, as there is nothing stopping it from growing if a positive momentum takes over.

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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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