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Ethereum, Litecoin, Cardano, TRON Crypto Market Sentiment Analysis

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The global crypto market is witnessing a drop as the price of digital coins is going down. Over the last week, the value of Bitcoin went down to $7,202 and this has been lowest within the week. The only coin that did not witness a huge dip is Tron, while the remaining among top twenty coins have been going down. Understandably, the entire crypto market is suddenly experiencing fear because of this huge depression that happened overnight.

Hence, I went on to do a sentiment analysis segment reviewing the situation in order to understand the market sentiments among people who have been active in the digital currency market. The analysis lead to unpacking the three coins that are on the top 10 list. These are coins that did really well at one point but have unexpectedly experienced a fall.

  • Ethereum which is one of the highly ranked coins lately saw a huge decline in the prices. Last year, the coin was receiving a lot of praises as it brought in a lot of value to the market. In fact, the coin took its place right next to Bitcoin. However, it was in January that the value of Ethereum began falling. This could be because of the social media outcry against the digital currency.
  • The next coin that witnessed a dip is Litecoin, which has also been observing a bearish trend as it suddenly came down to $138 from $160. The fall in price was noticed over the last 24 hours. There seems to be a lot of selling pressure among the investors as the prices are going down in the market.
  • Cardano, yet another giant in the digital currency, stood at number 7. The coin fell to $0.159 over the last 24 hours, with a dip of 4.32%. The recent scandal that Bitcoin’s blockchain holds child pornography has brought a negative impression to Cardano as well. Many people have questioned the Blockchain technology and are raising questions about it.

The dip in the crypto-market could lead to a death cross which could eventually lead to investors sell-off. Bitcoin itself has witnessed a $350+ dip which has placed the market at a huge risk. This bearish trend of the coins has been putting investors at stake.

Craig Erlam, a senior market analyst from Oanda mentioned that this dip in the crypto market is a sign that people are withdrawing capital from this market. Microsoft founder Bill Gates stated that cryptocurrencies are killing people in a fairly direct way.

He brings to attention the anonymous nature of the cryptocurrencies and how it could be used for illegal activities. In the past years, research has brought to attention that 25 percent of people with Bitcoins have involved in illegal activities. This has invited huge risks including deaths.

Despite this fall in the digital currency market, Tron seems to be flourishing quite well. Tron appears to have strong supporters as the value of the coin saw a promising rise. At the moment, Tron has a value of $0.045 in the market. Despite the setback of the crypto market, Tron seems to be having a positive future (or at least better than the other top ones).

A couple more potential reasons why cryptocurrency as a whole is witnessing this collapse are:

  • The social media and search engine bans against cryptocurrency advertising that started around January.
  • There are other coins that are coming up that has eventually decreased the value of Bitcoin.

In spite of all the overwhelming responses to the fall of the crypto market, history sheds some hope. Earlier in 2015, Bitcoin hit rock bottom but it soon caught up to success as the value rose from $230 to $500.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 marco magrini via Flickr

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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