📈 Price Predictions Vaido Veek

BTC Testing The Curve Support, LTC Breaks The Trendline, XMR Looks Bad: Price Analysis, Oct. 10, 2018

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Bitcoin testing the curve support, Litecoin breaks below the minor trendline, Monero looks bad
BTC Testing The Curve Support, LTC Breaks The Trendline, XMR Looks Bad: Price Analysis, Oct. 10, 2018
Contents

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin testing the curve support

Yesterday's price range was pretty small. The price was above the orange area (an important level) and below it.

Bitcoin testing the curve support

Currently, the price makes moves and it has broken below the all-important EMA’s, it has reached the curve support line and the March low level which also should start to work as a support. The Fibonacci golden ratio retracement level at 62 percent will indicate if we get a bigger or a smaller bounce upwards.

If we get a candle close below the mentioned levels, it would be the first sign of the bullish momentum gone. Our next major supports are the round number $6,500 and the strong support area at $6,460.

At the moment, altcoins also take this little hit but nothing remarkable. Watch those levels (curve support, round number, and the blue line as a strong support) and if the price breaks below then definitely stay out and wait for some better opportunities to enter again.

LITECOIN (LTC/USD) Breaks Below The Minor Trendline

Currently, the market takes some hit and so do altcoins.

LITECOIN (LTC/USD) Breaks Below The Minor Trendline

Currently, Litecoin has made a break below the minor trendline which will indicate that the red box below the price around $57 should start to work as a support. If this level doesn’t hold and if BTC drops even more, then we could see a break below the red support area and the price approaching the next support level at $55, and that would be an important level. In this case, the price structure may change. This area is the last HL (higher low) formation area and if it breaks, bad things can happen.

At the moment, BTC is on the very important area and if it gets a bounce upwards, LTC will have a good opportunity to follow this move and the targets will be on the next round number at $60 and the strong resistance at $62. So, watch closely what Bitcoin does.

MONERO (XMR/USD) - It Looks Bad

Monero has a break below the major counter trendline which is not a good sign! On the four-hour chart, it trades below the 200 EMA and it makes pretty ‘heavy’ steps downwards compared to others.

MONERO (XMR/USD) - It Looks Bad

Technically, if Bitcoin makes another leg downwards, XMR would drop like a stone because there are some support levels but nothing significant until the red box at $104.

Basically, we have a breakout from the triangle, break below the EMA's plus Bitcoin making moves downwards, so better stay out from Monero because if it drops, it drops pretty heavily. The market has to make a pretty big turn upwards then we could come back and watch it again but currently, stay away.

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Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

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Ethereum price predictions from Twitter: Can an ETH price of $145 be the sign of an uptrend?
Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

Ethereum is at the center of attention. There are a lot of things happening to ETH recently, but the best news is the uptrend which seems to have come. What do Twitter users think about it? Let’s trace the recent history of Ether and ETH price predictions in the latest tweets.

Starting from the middle of February, Ethereum began rising in price by 10%, step by step:

By February 21st, it has reached the $145 threshold. What’s going to happen next?

It’s not surprising that crypto traders remain skeptic after a long bear market. Most of them are still afraid of serious fluctuations. However, some are quite optimistic:

Many are sure that Ethereum is back on track:

Anyway, doesn’t it open new opportunities for investment?

What will accelerate Ethereum’s growth? There are a lot of changes to come, including the release of Constantinople, the overall market uptrend, and other aspects:

There’s a lot of fuss around Ethereum right now. For example, on February 21st, someone sold ETH for the highest fee in the history:

Samsung has integrated an Ethereum wallet into its new S10 phone, which seems to be a considerable step towards massive adoption of the cryptocurrency:

Yet, not all top players believe in Ethereum’s potential. Look at what’s happened recently:

Was Google right? Only time will show. We will continue watching Ethereum development trends.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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📈 Price Predictions Thomas Hughes

Binance Coin Six-Month Price Forecast – One Major Catalyst

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Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance
Binance Coin Six-Month Price Forecast – One Major Catalyst

 

Binance Coin (BNB) is the brainchild of one of the biggest crypto exchanges in the world; Binance. It runs natively on the Ethereum blockchain under the ERC20 protocol, has a total supply of 200 million and is the 10th cryptocurrency by Coinmarketcap. The token was initially launched in July 2017 and has a solid following.

Binance has a major long-term catalyst for its coin. The company plans to use 20% of their quarterly profits to buyback and then burn 50% of the entire supply of BNB. This means that eventually only 100 million BNB will exist which creates scarcity and possible price increase.

The latest coin burn occurred on January 16 when the Binance team destroyed $9.4 million worth of BNB tokens. Since then, Binance Coin enjoyed very bullish price action, which took it above $11.0

BNB/USD Technical Analysis – The Big Picture

In late 2018, Binance announced they are preparing to launch a Decentralized Exchange (DEX) and on January 20, 2019, said DEX entered public testnet phase. The DEX is powered by Binance Chain, which is a blockchain developed by - you guessed it – Binance. BNB, which is currently an ERC 20 token will eventually be migrated to the new blockchain and will become its native asset.

This could spell massive upswings for BNB in the long run, but could turn into adversity if the DEX fails to live up to expectations. One thing is certain: shortly after the announcement, Binance Coin started to enjoy positive sentiment and since then the token has risen from $6.20 to a high of $11.67, currently trading at $10.35.

BNB/USD chart by Tradingview

 

From a Weekly chart perspective, the token is not in a clear trend but it has been tracing lower highs and lower lows since it hit a recent high. The climb that started at $4.30 shows strong bullish pressure and could develop into long term bullish price action once the coin retraces to support. The Relative Strength is moving north, without being overbought, which supports a bullish scenario for the next months. For long-term bullish activity to happen resistance at $11.80 - $12.00 must be broken decisively.

On a Daily chart we can better see the importance of the resistance level at $11.80. It has been touched multiple times from above and below and more often than not, price was rejected. Most recently, we can see that rising price hit resistance at this level again and is now retracing lower.

Binance Coin

 

Considering all the factors involved, Binance Coin could climb into $18 area over the next six months but for this to happen Binance’s DEX must perform well. Immediate retracements should find support at $9.0, but a break below would not invalidate the long term bullish scenario as long as the trend line is intact and the DEX project is still viable.

Daily Chart Support: $9.0 and 100 days EMA (red line)
Weekly Chart Support: bullish trend line and $4.30
Daily Chart Resistance: $11.80 and $15.0
Weekly Chart Resistance: $11.80, $15.0 and $18.20
Most likely scenario: continuation of bullish movement, break of $11.80 and move into $15.0 where a deep retracement may occur; Longer-term a touch of $18 over a few months

Alternate scenario: breakdown below the bullish trend line

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The Latest Bitcoin Price Forecasts from Twitter: The Good, the Bad & the Real About BTC

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Short-term Bitcoin price analysis from Twitter users. Is the bearish market over? What to expect from BTC performance in the nearest future?
The Latest Bitcoin Price Forecasts from Twitter: The Good, the Bad & the Real About BTC

Bitcoin is a crypto celebrity: its every movement is always under the spotlight. Twitter is full of posts and comments about BTC prospects. Both famous crypto pundits and unknown enthusiasts come up with ideas and theories. Let's check out what they think about the nearest future of Bitcoin and its price.

Bitcoin predictions from Twitter

A lot of Twitter users agree that Bitcoin needs to reach the $4K threshold to gain momentum. Just look at it:

On February 18th, Bitcoin finally reached the $4,000 target, and it split crypto enthusiasts into two camps. Like it was stated in the previous tweet, some users are sure that BTC will continue growing from now on.

The second half of users are sure it’s a trap:

On February 20th, the world has witnessed the largest amount of Bitcoin trading:

One explanation was provided by DataLight:

This is what has partially triggered Bitcoin’s growth. However, there are many factors contributing to BTC recovery. For example, Twitter user @AlecZiupsnys came up with a Bitcoin prediction of $50,000. His forecast is based on such facts as:

  • ETF speculations

  • High global stress

  • Rising interest rates

  • Bakkt launch

  • Wider adoption

  • Record buildup in US government debt

  • Struggling of the traditional market

Thus, the situation is quite questionable. From one point of view, Bitcoin might be starting to gain in value. From another – it might be a temporary situation.

Sooner or later, Bitcoin should gain in value because it renders a lot of benefits. Even Elon Musk has admitted it makes more sense than paper money:

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible

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Tether price prediction 2019 – Can it outgrow a $1 value?
Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible
Contents

Tether, one of the top-10 world cryptocurrencies, seems to be gaining traction – a lot of experts put hopes in this asset believing that it can triple its current $1 cost. However, $3 is a very humble forecast. Prepare for Tether to reach $5, but keep in mind that it may fall to $0.14 as well. What are the chances? Let’s read USDT price predictions 2019.

Tether all-time price chart
Tether price chart: USDT’s recent price has been around $1

The most popular Tether price predictions 2019

Forecasts differ by numbers, though the vast majority of websites and experts are sure that USDT will gain in value.

TheNextTechs.com

One of TheNextTechs.com website authors published an article where he tried to predict Tether’s price. He believed that USDT is to reach the price of $1.50 by the end of 2019. Here’s what he said:

“Tether forecast shows that price shows a corrective wave. After every corrective wave, there will (be) a(n) impulse wave. Inverters should wait for that impulse wave, and after that, they will gain a 50% profit.”

Thus, if you invest $100 right now, you can enjoy 50% gains by the end of the year. Seems to be too positive? Wait a bit.

Coinfan.net

According to this website that focuses on technical analysis, Tether should reach $1.9 by the end of February. By the end of this year, it should grow to as much as $7! That sounds unrealistic considering the fact that Tether is backed up by the US dollar, so the gap would be too huge.

Uslifted.com

Combining the predictions of all other websites, Uslifted.com states that 2019 will be a year of opportunities for traders. In 2019, prices of cryptocurrencies are expected to rise, and Tether will reach $1.75. Right now, it’s better to hold USDT and wait some time.

The reverse side of the coin

While the growth of cool altcoins like Ripple and Stellar is conditioned by their technological superiority, Tether hasn’t much to offer. That’s why some experts and websites aren’t so sure about its success.

According to Fortune.com, Tether is not interesting for investors, so there’s a chance it will follow the way of Basis, which was shut down in 2018. This stablecoin project won’t survive through the battle and won’t be able to preserve a monopoly.

Tradingbeasts.com predicts that USDT will be stale all year round: it will be stuck at the $0.60 point. In 2020, it will fall to $0.53 and stay at this level.

The InvestingPr.com website, which focuses on traditional stocks as well as a cryptocurrency, has a neutral opinion. Here’s what one of the authors said:

“Tether is a great idea that is crucial to the healthy functioning of the cryptocurrency markets, but its execution has been far from perfect. The concerns over its finances and recent market moves have spooked experienced and casual investors alike. Barring major new revelations, however, Tether is unlikely to deviate far from its $1 benchmark.”

Considering the fact that Tether relies heavily on the US dollar, this prediction can turn out to be true.

What can drive Tether growth?

There are several factors that can promote Tether development:

  1. Wide availability, which will attract major investors.

  2. The volatility of Bitcoin and other cryptocurrencies.

  3. Investors are very likely to avoid price drops after such a long bearish period.

  4. Increasing supply.

At the same time, Tether has a lot of issues to deal with. For example, the crypto community and government have to decide whether the audit is required. Besides, there’s a threat of lack of reserves, but the Tether team promised that it has sufficient fiat backup reserves.

Every USDT coin is supposed to be backed up by a fiat $1
USDT relies on USD total supply

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation? [Updated: 19th Feb]

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Ripple price forecast 2019: From $0.25 to $10 and higher. Whom to believe?
Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation? [Updated: 19th Feb]
Contents

Despite the fact that Ripple blows its competition out of the water and is retaining third place in the top-10 world cryptocurrencies, its price is still far from perfect. So far, it has been keeping in the range of $0.28-$0.35, and its current price is $0.31 (as of 02/18/19).

Ripple performance within the last 3 months
The Ripple price is slowly falling during the crypto winter

Experts continue making Ripple price predictions and forecasts. Some are realistic, while some sound like science fiction. Let’s check out the opinions of authoritative crypto experts and websites, and find out what are the chances their assumptions will materialize.

Major XRP price predictions 2019

Considering Ripple’s technological superiority and potential partnerships, many crypto experts believe that it must soon rally from its low. Here’s what they state:

  1. Ripple Coin News, one of the largest websites of its kind, predicts that 2019 will be a lucky period for Ripple, and its price can soar to the $8-10 mark. Such growth will be enabled by new technologies and partnerships.

  2. Daily Express, a UK newspaper, states that XRP is to hit the $5.06 mark.

  3. According to theoofy.com, continuous growth and stability of its position can make Ripple reach $1.2 by the end of 2019. That might happen in Q3 or Q4 2019 if things go smoothly. If XRP manages to double its value in the nearest time and enter the market at the rate of $0.78, it may reach $1.10 by the middle of 2019. The listing of Ripple on independent trading platforms and investment projects can accelerate this process.

  4. Investing Haven’s Ripple price prediction is $20 in 2019. Such forecast is based on the introduction of xRapid tech, partnerships with financial institutions, as well as XRP technological advantages.

Some other websites, including Xstreet, express.co.uk, and Investing PR state that Ripple’s value should reach about $3-5 by the end of this year.

However, some websites are less optimistic about that:

  • The 30rates website predicts that Ripple will stay somewhere between $0.259-$0.299 in March 2019.

  • Metro, a major UK newspaper, also predicts a Ripple price of $0.22-0.28. They are sure that Bitcoin will continue its dominance and is expected to reach $20,000 again.

  • The Economic Forecast Agency expects Ripple to fall further without naming particular numbers.

$10 Ripple price – How real is it?

Okay, we all hope for the best and want Ripple to reach its highest heights this year, but what are the chances of it overcoming a $10 mark?

We have already discussed the possibility of Ripple hitting $100 – it’s almost impossible. Let’s perform similar calculations:

Ripple’s overall supply is 99 991 698 361 XRP.

For 1 XRP to cost $10, Ripple’s market cap should be $999,916,983,610!

Think about it. Almost 1 trillion.

At the moment, Ripple’s market cap is $12.7 bln (1/83 of the desired goal).

Even Apple’s market cap is $800 bln, which proves there’s nothing impossible, but there are too many ‘What ifs’.

What if Ripple won’t stand the competition from Litecoin and Tron?

What if it won’t be as massively adopted as Ripple Labs’ plan?

What if governmental regulations will hinder Ripple implementation in banks?

For XRP to reach the $10 mark, we should witness a huge adoption rate from the world’s banks and financial institutions. Let’s be sincere: right now, all we can count on is a $1.20 price by the end of 2019. The current situation in the crypto market makes Ripple a great investment target, so don’t lose your chance. Sooner or later it should take off and soar high to the sky.

Update: According to Smartereum’s author Andreas Kaplan, with the current projections taken into account, most people in crypto sphere agree that Ripple value can go up to the $200-$300 range in 10 years. Even though this number seems to be even less realistic than the above-mentioned assumptions, there’s a grain of truth in what he bases his prediction on.

RippleLabs are working tight-lipped on their project, and keep attracting new and new partners: Accenture, Andreessen Horowitz, CME Ventures, Core Innovation Capital, Google Ventures, Santander Innoventures, SBI Group, Digital Ventures, Seagate, Standard Chartered and many other companies have expressed their willing to work with Ripple.

RippleLabs are on their way to make XRP a key token for both bank transfers and real-time payments:

Definitely, they’ve taken the right path, so XRP price growth is just a matter of time. While $100 Ripple price prediction still seems to be utopian, $5 is a goal that might be achieved in the nearest years.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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