Whales, Moon-sling Calls, But Will Bitcoin (BTC) Clear $5,500?

Bitcoin prices up 4.6 percent in the last week Bullish projection cement our assertion of shifting sentiment from bearish to bullish At spot rates, the crypto market is far from the $880 billion valuation of late Dec 2017. Even so, as Bitcoin (BTC) prices recover, bottoming up and closing above $5,000, odds are the next wave would thrust BTC above $6,000 as our trade conditions become valid. Bitcoin Price Analysis Fundamentals That there is a movie dedicated to crypto shows how the public is aware of Bitcoin and other leading…

Wietse’s Effort Would Pay Dividends and Drive Ripple (XRP) To New Highs

Ripple (XRP) prices stabilize above 30 cents Adoption will propel XRP prices above the current range Wind is an advocate of Ripple, and his company is one of the many funded by Xpring. If there is adoption, XRP prices would likely edge higher as demand for the third most valuable coin spike. Ripple Price Analysis Fundamentals As we have reiterated in our analyses, cryptocurrencies need adoption to thrive. Day-to-day use means acceptance, and if one coin goes mainstream, then its value will surely skyrocket. We are talking about 10X gains…

Data Market Ocean Tries New Token Sale After CoinList Offering Misses Target

After a token sale on CoinList failed to reach its target, data marketplace Ocean is trying again on crypto exchange Bittrex International. Ocean Protocol has a vision to become the ecosystem for “a new data economy,” its founder Bruce Pon told CoinDesk. With the release of Ocean’s version 1.0 beta network earlier in April, its tokens are ready to be used on the platform, but the company has not quite met its fundraising goal. Through its initial exchange offering (IEO), Ocean aims to raise $6.77 million in bitcoin, following a previous…

South Korean Crypto Exchange Coinnest Announces Closure

Cryptocurrency exchange Coinnest, once South Korea’s third largest, is closing down. The exchange posted a notice on its website saying that as of Tuesday it is no longer operating, adding that users will need to withdraw any funds held on its platform by April 30. The fees for withdrawals and the minimum threshold have been lowered to assist the process, it said. While the notice was vague as to the reasons for the closure, a Coinnest official told CoinDesk Korea: “It is a natural result of a decrease in trading volume.…

Bitcoin (BTC) Holding Crucial Support: Fresh Increase Likely

Bitcoin price climbed further above $5,300 before topping near the $5,330 level against the US Dollar. The price corrected lower below $5,300 and $5,255 support levels. There was a break below yesterday’s discussed ascending channel with support at $5,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is still trading nicely above the key $5,180 and $5,160 support levels. Bitcoin price corrected lower towards key supports against the US Dollar. BTC is likely to bounce back above $5,300 as long as it is trading…

Crypto Market Near Turning Point: BNB Up 10%, Bitcoin Cash, EOS, Tron Analysis

The total crypto market cap corrected lower and tested a major bullish trend line at $168.0B. EOS price failed to stay above the $5.50 level and corrected towards the $5.40 support. Binance Coin (BNB) rallied around 10% and broke the $21.00 resistance area. Bitcoin cash price is down more than 4% and declined below the $300 support area. Tron (TRX) price failed to stay above the $0.0272 and declined below $0.0268. The crypto market cap is testing a crucial support, with strong bullish moves in binance coin (BNB). Bitcoin (BTC),…

Aragon Vote Aims to Restrict Ethereum App from Funding Polkadot Blockchain

Two weeks from now, token-holders for the Aragon application will put the efficacy of its on-chain governance model to the test. The Aragon project, launched in 2016, is envisioned as a way to offer users the tools to build decentralized organizations that are secured cryptographically and run natively on top of the ethereum blockchain. But starting as early as February of this year, the core developers behind Aragon have expressed interest in launching a version of the app on the Polkadot blockchain network. At the time it was announced, Luis…

Ripple (XRP) Price Trading Near Make-or-Break Levels

Ripple price climbed sharply towards the $0.3500 resistance before sellers appeared against the US dollar. The price formed a high near $0.3489 and recently corrected lower sharply below $0.3400. There is a key bullish trend line formed with support at $0.3270 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above $0.3260 and the 100 hourly SMA to bounce back in the near term. Ripple price gained traction before starting a downside correction against the US Dollar and bitcoin. XRP could bounce back…

Ethereum (ETH) Price Holding Uptrend Support And Could Bounce Back

ETH price traded further higher above the $175 resistance, but failed to hold gains against the US Dollar. The price corrected lower sharply and tested the key $169-170 support area. There is a crucial bullish trend line formed with support at $169 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to bounce back as long as it is trading above the $168 level and the 100 hourly SMA. Ethereum price climbed to new weekly highs versus the US Dollar, following bitcoin increase. ETH spiked…