Ripple’s XRP crypto coin’s price is going up every fifteen minutes on average. It’s still below the raging channel’s line. It tested the $0.86 line, but it didn’t go beyond that, which renders it vulnerable to downside corrections. An Obama’s former regulator has recently said (not that it’s relevant under Trump) that Ripple and Ethereum break the country’s security regulations.
Gary Gensler (that is the man) says that further proof of authenticity is needed. Ripple’s current value seems to be utterly unaffected by such comments but, in general, those thoughts could affect the whole crypto industry (at least within the US).
Let’s put that aside for now and have a technical look at Ripple’s XRP
Right now Ripple is about the 50% FIB retracement level. It’s been dancing between $0.58 and $0.89, which means its value is supported by the ascending channel’s bottom trend line. Right now the XRP/USD rate is shaking around $0.85 with a simple moving average of fifty. Things look good for short-term trading, and it has a lot of momentum.
Verge’s XVG price is another story. It went above the $0.1 psychological barrier, and it even had transactions above $0.11. But investors want safety and balance. XVG’s partnership with the Mindgeek (a big player in the porn/adult entertainment industry) kind of stopped growth. It’s been called a misunderstood partnership, yet profitable. But it could still grow a lot in the short run if only because it benefits so many users who want to remain anonymous and still transact.
But forget about Mindgeek. TokenPay is finishing some bank acquisitions in Germany, and they are also Verge’s (XVG) partner. This could make XVG the first cryptocurrency to be relevant in the very rigid (even more in Europe, even more in Germany) banking industry. TokenPay announced recently that they would make XVG debit cards available to their customers, and the community in general, sometime very soon.
Verge’s price is around $0.0801 right now. Keep an eye on it when you consult the 4-hour charts. It could be a great short-term option in the event of new declines in the market.
Its value has been between $0.024 and $0.115 recently. But its market penetration is quite important so it should not go below $0.70 in the near future.
Litecoin’s (LTC) Price
Litecoin (LTC) has been under $150 lately. But it’s been gaining momentum as the 50 simple moving average works in its favor.
On the other hand, it’s been as high as $161 recently, but also as low as $112. Currently, $151 per token would be a safe bet.
Current financial indicators are a bit confusing. Buyers and investors are going for $160 per token, but even this $150 is a good recovery sign for enthusiasts. Just keep watching, chances are Litecoin will remain a good option.
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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 Eric Vondy via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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