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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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Bitcoin

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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Altcoins

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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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