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Cardano (ADA) Stellar (XLM) Price Analysis: What’s Happening?

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Cardano is experiencing a bull run and is targeting the $0.20 resistance level.

Stellar Lumens continues on its upward surge and is eyeing the $0.30 USD mark.

Cardano (ADA/USD)

Price Analysis

  • High: $0.188139 USD
  • Low: $0.168351 USD
  • Major Resistance Level: $0.20
  • Hourly MACD: Placed slightly in the Buy zone.

Chart courtesy of tradingview.com

Cardano has been experiencing a bullish run again since 13th July. As can be observed from the ADA/USD trading chart, the price of the pair had largely experienced a bearish downtrend and had fallen below $0.12 USD at one point. At the time of writing, Cardano (ADA) is trading at $0.1835 USD approximately while the moving average (blue line) marks at 0.1461. This trading chart shows that on 16th and 17th July 2018, the ADA/USD pair had experienced a comparatively higher surge. Today too so far, the green candle seems to be gaining the bullish momentum. The pressure on the buyers is pushing the price up at the moment and had one point in this short timeframe had moved as high as $0.1869. Presently, the price has already tested the 23.6% Fibonacci retracement level during the rise from $0.1501 to $0.1869.

From the current price movements, it seems that Cardano (ADA) is strongly trying to make it to the resistance level at $0.20. The strong signs do not at the moment indicate that there is a chance of downward correction. The major support level can be said to be at $0.1780.

Stellar Lumens (XLM/USD)

Price Analysis

  • High: $0.2945 USD
  • Low: $0.2529 USD
  • Major Resistance Level: $0.30
  • Hourly MACD: Placed slightly in the Buy zone.

Chart courtesy of tradingview.com

Stellar Lumens (XLM), like Cardano, has been showing stronger bullish signs since 13th July 2018. The daily range for the next day, as observed from the chart, shows it to be concise. However, if the pattern is followed then, a ‘steady’ upward movement is to be noted. The chart also shows that from 2nd May 2018, there has been a downtrend mainly. For some days in late May and early June, there had been a slight upsurge in the price action of the XLM/USD pair.

At the time of writing, the price of Stellar Lumens (XLM) shows approximately $0.3014 USD. The moving average marks 0.2216. This and the past few days green candles are creating a constant pressure on the buyers and keeping it in the Buy zone. If the situation continues to be the same for some time then, it can be expected that a much stronger bullish zone will be created on the XLM/USD chart. At the moment, the hourly MACD is placed in the Buy zone slightly but it may move into the zone strongly.

Currently, both Cardano (ADA) and Stellar Lumens (XLM) have been experiencing green signals and the present price action suggests that the trend may continue for some time. The BlackRock news seems to have had a much bigger positive effect as many cryptocurrencies are now sporting green.

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 billionaire
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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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