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Cardano (ADA) Stellar (XLM) Price Analysis: Showing Strong Green Signs

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Cardano
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Cardano (ADA) broke through the resistance line at $0.1650 and is currently strengthening itself in the region.

Stellar (XLM) has crossed the $0.2999 resistance line and is strongly going green.

Cardano (ADA/USD)

Price Analysis

  • High: $0.175827 USD
  • Low: $0.155261 USD
  • Major Resistance Level: $0.20
  • Hourly MACD: Placed slightly in the Buy region and progressing.

Chart courtesy of tradingview.com

The ADA/USD pair had already crossed the $0.1550 resistance yesterday against the US dollar. Today, the resistance line at $0.1650 was also crossed by the pair and Cardano (ADA) is currently trading at $0.1693 against the US dollars. (At the time of writing, as of 24th July 2018) Cardano has been showing largely an uptrend now for the past few days and is currently featuring a green candle. The price had fallen largely on 20th July 2018 and had at one point went below the $0.16 level. The moving average (blue line) presently marks at 0.1687 and this indicates that the price action of the ADA/USD pair is most likely to continue to show an uptrend. This is good news for the cryptocurrency world as most of the crypto coins including Cardano had been showing downtrends mostly since early 2018.

Now, it is to be seen whether the cryptocurrency strengthens itself in the $0.17 level and can beak the major resistance level at $0.18 in near future. At the moment the bullish signs are all positive with the technical analysis from Trading View placing the coin in the Buy zone.

Stellar (XLM/USD)

Price Analysis

  • High: $0.3015 USD
  • Low: $0.2810 USD
  • Major Resistance Level: $0.3250
  • Hourly MACD: Placed slightly in the Buy region.

Chart courtesy of tradingview.com

Since 13th July 2018 Stellar Lumens (XLM) had been showing quite a strong uptrend and at the moment too the XLM/USD pair is featuring green candle. In between, on 20th July, the crypto coin had seen a drop from $0.3300 high on 19th to $0.2626 low. However, the next day the buyers took an interest and pushed the price of the coin to a high of nearly $0.2971. At the time of writing, Stellar Lumens is trading at approximately $0.2978 against the US Dollar. (As of 24th July 2018) The moving average (blue line) is presently marking at 0.2810.

Going by the past few days’ price action as shown by the given Trading View chart, and the present moving average, there is a chance of Stellar Lumens breaking the $0.31 major resistance line against the US dollar. The technical analysis from Trading View currently places the XLM/USD pair in the Buy zone. This too shows that the pressure is currently on the buyers and the scenario is more likely to continue unless there is any major negative cryptocurrency news. Other than that, the crypto coin so far today has been going strong.

Both Cardano (ADA) and Stellar Lumens (XLM) are sporting green candles so far today. As observed from the trading charts from Trading View, the price action of the coins are currently showing positive signs.

Happy Trading~

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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.

Image courtesy of Pexels

Charts courtesy of tradingview.com

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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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TokenRoll
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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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