🎓 Trading Guide George Shnurenko

Cardano Price Prediction- How Much Will the Cost of ADA be in 2018\20\25?

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Want to invest in Cardano? Find out what Cardano price prediction for the following years is
Cardano Price Prediction- How Much Will the Cost of ADA be in 2018\20\25?

Although it appeared recently in September 2017, Cardano quickly made waves and even got to the top 20 world cryptocurrencies with a considerable market cap.

Of course, the coin has attracted the attention of investors from all over the world, and if you’re planning to join their rows, you need to be aware of Cardano price prediction. This is the right place to get such information.

Let’s clear up what Cardano is, and what specialists say about the perspectives of this coin.

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What is Cardano?

Just like Ethereum, Cardano is exploited for the development of decentralized applications and use of smart tokens. However, this is where the list of common features ends: in fact, Cardano is an improved version of Ethereum that belongs to the third generation of the Blockchain, more scalable, and more interoperable.

Ethereum

Cardano

Market capitalization- $92 bln

Market capitalization- $4.8 bln

Uses single-level smart contracts

Uses multi-level smart contracts

Uses Proof-of-Work (Proof-of-Stake is being developed)

Uses Proof-of-Stake

Second Blockchain  generation

Third Blockchain generation

Being the native cryptocurrency of Cardano Blockchain platform, ADA coin is used to perform transactions. The technologies underlying this cryptocurrency are open source, which means that the development of this platform was made very simple. Being based on peer review procedure, Cardano Blockchain is developed by the community together with its founders.

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Was Cardano ADA prediction justified in 2017?

Right from the moment of its appearance on the market, Cardano was ranked high by investors. Starting at the price of $0.02, it gradually made its way to $0.1 by the end of autumn and managed to reach $0.5 in December, when all major cryptocurrencies soared in price. Therefore, in the last year, ADA Cardano price prediction was even exceeded.

But it’s not the end– on Jan. 4, 2018, Cardano reached the cost of $1.22, which means the return of about 6,000 percent within three months! During this short time, the market capitalization has also grown from the initial $0.56 mln to $31 bln. But just like all other cryptocurrencies, ADA went through a significant crash in the first quarter of 2018.

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Cardano price 2017

Investors still buy Cardano thanks to its technological superiority over other cryptocurrencies. Besides, the team developing it is highly credible.

Cardano price prediction 2018

If we take a look at the first quarter of this year, Cardano coin price prediction 2018 was justified– a lot of specialists predicted a significant surge of all cryptocurrencies, and ADA wasn’t an exception.

After experiencing enormous growth in January, it started falling in price. Cardano 2018 prediction for Spring was about $0.2– that’s close to the reality that happened. At the beginning of April, ADA was worth $1.4, then experienced a minor growth to $0.3, and got back to its current level of $0.15.

If we perform a technical analysis to make Cardano price prediction for 2018 using the price trends and trading volume trends, the average price by the end of the year will be $0.42. This is what most websites for investors predict.

However, while WalletInvestor gave pretty much the same forecast in April, now the website says that ADA is not a good investment, because it will lose its price completely (it’s not clear what this forecast is based on).

ADA 2018
Evidently, optimistic 2018 prediction hasn’t been justified

Relying on technical analysis, Cardano prediction 2018 is that the investment will bring you a 35 percent return, which is also a positive tendency. Considering the rising of the coin in January 2018, the maximum price which ADA can reach is $2.1 (if the market cap reaches $50 bln).

What is clear now is that Cardano is becoming a more and more competitive player on the market of crypto, but its success will depend on the level of adoption– since the coin is supported by a broad community, its value will continue growing.

Another Cardano 2018 price prediction is based on the supposition that ADA will be widely used in Japan and the Eastern Pacific, which will give it a boost to rise to the threshold of $0.22. The market cap can reach $40 bln by December 2018.

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Cardano price prediction 2019

According to experts, in 2018 Cardano price prediction isn’t as optimistic as in the upcoming years due to the fact that it needs to be popularized further and get enough support from the crypto community. 2019 can be a turning point in the history of ADA.

According to different websites, the average price of ADA can rise from about $0.6 in January to $2.5 in December 2019. This is quite an optimistic Cardano prediction. The superiority of the coin in the following year is defined by the following factors:

  • A strong team behind the project

  • It’s an open-source platform developed by a broad community

  • It is based on superior technologies

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Cardano price prediction 2020

When it comes to a more long-term Cardano coin price prediction, opinions of specialists differ. According to the technical analysis of longforecast.com, the Cardano coin prediction for December 2020 is $1.89, which correlates with realistic forecasts.

As for its place on the market, there’s another prediction for Cardano:

  • funds will be replaced by cryptocurrency investments, which will drive the further development of the coin

  • Cardano can even get to the Top-5 cryptocurrencies giving a tough competition to LTC, Ripple, and other cryptocurrencies

  • The coin will be widely introduced in Eastern Pacific

Making Cardano ADA price prediction for 2023 and 2025 would a speculation because a lot of other, more superior Blockchains and cryptocurrencies keep appearing– they can outperform this one within a few years.

Forecast for Cardano offered by Internet users

Should I invest in Cardano?

Generally, Cardano coin prediction is positive. Although it isn’t expected to make a significant leap in 2018, it can start growing faster in 2019.

Cardano Blockchain is more technologically advanced than Ethereum and can be successfully used for making online payments.

Therefore, if you want to invest, it’s time to do it in July– the cost of ADA has already started climbing slowly.

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Internal Civil War: Which Way Will Bitcoin Cash Fork?

A few days before Bitcoin Cash is set to fork, there is still a battle brewing between two factions, Bitcoin Cash ABC and Bitcoin Cash Satoshi's Vision.
Internal Civil War: Which Way Will Bitcoin Cash Fork?

Bitcoin Cash (BCH), which came into existence as a fork of major cryptocurrency Bitcoin, is fast approaching its own fork. This BCH fork is seemingly destined for just as much controversy as the first one, as there are two opposing sides building up to create an internal civil war.

There are two sides to the BCH fork currently vying to be the dominant chain once the upgrade goes through. They are Bitcoin Cash ABC and Bitcoin Cash Satoshi's Vision (SV). ABC’s direction, which is proposed by the ABC development team, is the fork favoured by the market and backed by Bitmain as well as many others.

On the other hand, SV is the variant proposed by Craig Wright, the controversial figure who claims to be Satoshi Nakamoto. Despite the market preference, he has made it clear that he is going to fight full out for fork victory. At his back is the majority of the hasrate, which does help his cause somewhat.

Winning the war

When it comes to the remaining dominant fork after the split, the winner will be the one that has the majority of the hashrate, and the one that the miners continue to mine. This is an interesting place to be in, though. If the market prefers ABC, and it has a major mining pool in Bitmain behind it, there is a good argument here.

However, SV’s claim at the moment is that they hold the majority of the mining hashrate, and with only a few days to go before the fork on November 15, it would essentially out them in the pound seats.

The war between these two possible forks looks like it could be a long one, as both have significant hashrate to continue independent of each other. Often times, one chain will become dominant and the other will die, or as what happened with Bitcoin Cash and Bitcoin, both forks may continue.

However, another factor that can influence which way the war goes has to do with token prices. Higher token prices typically hand a much stronger hashrate to one coin over another. This is because mining is driven by profits, so hashrate will follow prices.

As it stands, ABC tokens are trading for US$409, while future SV tokens are trading for $108. Combined, this is exactly the current BCH price of $517. The markets are strongly suggesting that they think ABC token prices will be higher than SV token prices in the future.

What is the fight about?

The fork in BCH started as an initial upgrade, but there was division as to how the blockchain should move forward. These changes are mostly technical in nature; however, they have become ideological in many respects.

Just like the original BTC and BCH fork — where the argument was over cryptocurrencies and their use as a digital currency — this fork has to do with the supposed intentions of blockchain creator Satoshi Nakamoto.

With both sides being very strong-willed and determined in their defence, it is highly likely that there will be two Bitcoin Cash blockchains going forward for some time. The influence of the markets and the support of the miners may well change that, but initially, it looks as if this Civil War will reach new heights.

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Bitcoin or Litecoin ?? ????

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...or Ripple ?
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Aluminum, Steel, Bitcoin: China’s Three Means of Exporting Spare Electricity

In the face of Trump’s tariffs, it’s beginning to look like China shouldn’t have cracked down on Bitcoin mining after all
Aluminum, Steel, Bitcoin: China’s Three Means of Exporting Spare Electricity

President Trump’s recently-announced tariff on aluminum and steel imports has generated significant controversy and consternation, both in the US and abroad. It might surprise our readers to find that Bitcoin has something in common with the aluminum and steel industries. In fact, all three industries are notable in that they essentially convert spare electricity into an exportable product, according to the Washington Post.

Extra electricity

China is brimming with spare electrical capacity, as hydropower has been scaled up drastically and new coal-burning plants are being built like they’re going out of style. In fact, the Post reports that since 2001, China has added more electrical production than the rest of the world put together. By 2020, the US is expected to generate 4.2 tln kilowatt-hours, about the same as it produces now. China, on the other hand, will produce about 6.8 tln kilowatt-hours, according to estimates.

Exporting

China is producing more power than can possibly be used under ordinary circumstances, and it’s impossible to store or export electricity at that scale. However, the Chinese cleverly found a way to take all that cheap excess energy and monetize it, by turning it into aluminum, steel and Bitcoins. After dealing with fixed costs, all three industries have very low input costs (Bitcoin has none). In fact, the overwhelming majority of the cost of producing aluminum is the electricity needed, causing some to call the metal “congealed electricity.”

As a result of turning the country’s excess electricity into aluminum and steel, the entire international market has been thrown into upheaval. China makes more aluminum than the rest of the world combined. In 1993, the US had 23 aluminum producers; today, there are only two left.

So long, Bitcoin

It’s not surprising that China’s Communist government eschewed a digital currency that gave so much power back to the people. After all, China’s president just abolished presidential term limits, effectively transforming himself into a lifetime ruler. Is it any wonder that he, and his officials, are opposed to citizens taking economic power into their own hands?

Still, it’s unfortunate, because Bitcoin is an ideal way to convert unused electricity into an exportable economy. Before the government crackdown earlier this year, China produced 75 percent of the world’s newly-mined Bitcoins. While Bitcoin is still a small industry compared to steel and aluminum, it was a highly effective way to monetize some of that spare electricity.

Now that China has effectively banned all Bitcoin trading and has severely handicapped Bitcoin miners, the country has no choice but to continue expending its excess electricity in the manufacture of aluminum and steel. Unfortunately for Chinese industry, that production will now be met with significant tariffs upon export to the US.

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Bitcoin Price Prediction 2018\20\25- 10 Forecasts from Professionals

📚 Wikicoin
The article features short and long-term Bitcoin price predictions, which may give you an idea of where BTC is going in the nearest future
Bitcoin Price Prediction 2018\20\25- 10 Forecasts from Professionals

The cryptocurrency industry undoubtedly reminds the late 90s dot-com bubble. Amazon, which is poised to become the second company to reach $1 tln market cap, was a tiny initially a tiny firm with barely 200 of employees when it went public in 1997. Same goes for Bitcoin– starting at $0.003 on BitcoinMarket.com, BTC is worth $6,023 with a market cap that exceeds $103 bln. However, will it be able to surpass today’s tech giants?

Amazon’s market cap has recently crossed a $921 bln mark
Amazon’s market cap has recently crossed a $921 bln mark

 It is crucially important to know where this trend will go in the future. Many would say that it was too late to invest in Bitcoin back in 2012, 2013, 2015…until it reached its all-time high in December peaking at $20,000. Some experts predict that Bitcoin may be worth astronomical sums if it experiences mainstream adoption. However, there are still some ardent Bitcoin haters in the likes of Warren Buffett who keep insisting on BTC being yet another Ponzi scheme.

So, let’s jump into the latest and the most relevant Bitcoin price predictions in order to find out whether it’s worth putting your money in crypto in 2018.   

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Forecasts in 2010 (expectations and reality)

You’ve probably heard many inspiring stories about jaw-dropping investment gains of those who jumped on the Bitcoin train early. A Norwegian Kristoffer Koch became a dollar millionaire after having invested only $27 back in 2009. However, do not be too hard on yourself even if you’ve already missed the boat since only biggest crypto evangelists believed that Bitcoin would turn into a multi-billion international industry. Koch, like many other Bitcoin millionaires, wasn’t a firm crypto believer himself– he forgot about his small cryptocurrency investment only to discover a mammoth-size profit a few years later.

I thought to myself, didn't I have something like that?’ - Koch told a local newspaper.

To put this into perspective, let’s have a look at the Bitcoin Pizza Index (BPI), which stems from the first known purchase with Bitcoins. Back in May 2018, Laszlo Hanyecz spent a staggering amount of 10,000 BTC in order to buy just two pizzas ($41). As of now, BPI is set at $63.3 mln.

Since the inception of Bitcoin, numerous naysayers (from the mainstream media to run-of-the-mill experts) tried to kill the king of crypto numerous times, but every time it would come back from the dead. Let’s recall the infamous 2011 Forbes article ‘So, That's the End of Bitcoin Then’ which states that Bitcoin would not recover after its price plummeted from $17 to just pennies on the now-defunct Japanese exchange Mt.Gox. Tim Worstall, the author of this prediction, points to the fact that the currency is not liquid enough and has numerous security issue.

Now, have a look how the price of Bitcoin has changed every year since June 20, 2011 (the day when the article was published).  

 

The graph shows a rapid increase of the Bitcoin price over the last 2 years
The graph shows a rapid increase of the Bitcoin price over the last 2 years

 

Bitcoin price prediction in 2015\2016 (expectations and reality)

Bitcoin turned out to be the true winner of 2015 outpacing all the traditional currencies– it gained almost 40 percent, which is nearly twice as much as its nearest competitor Somali shilling. That followed a series of gloomy forecasts about Bitcoin from pundits in 2014. In all fairness, these predictions were not baseless, since 2014 turned out to be the disastrous year for the king of crypto that resulted in a 56 percent price drop. The chart below is a visual representation of how BTC price not only rebounded but also reached new heights.

 

Bitcoin price fluctuations in 2015
Bitcoin price fluctuations in 2015

2015 was the year of increasing Bitcoin adoption as a payment method by numerous companies around the globe. Combining with the long-awaited PayPal and Western Union partnerships, it turned out to a boon for the whole crypto industry.

In 2016, BTC continued its growth due witnessing an impressive 75 percent surge. According to the initial 2016 Bitcoin predictions, there were several reasons for that:

  1. Bitcoin halving. As you probably know, the block award is halved every four years and 2016 was such a year. Despite the fact that it didn’t have a significant impact on Bitcoin’s price, many pundits believe that it did ensure the currency’s stability.

  2. The growing trading volume. There is an obvious correlation between the Bitcoin’ value and its trading volume.

  3. The expansion of the Blockchain technology. The more companies get interested in decentralization, the more attention Bitcoin gets.   
     

Bitcoin witnessed a steady rise in 2016
Bitcoin witnessed a steady rise in 2016

Bitcoin price prediction 2018

The first two quarters of the year are over, so it’s time to evaluate the current state of Bitcoin. As bearish market keeps prevailing, many are curious what is going to happen to the currency in the nearest future. The total crypto market cap has recently dropped below $200 mln for the first time since 2017. However, it is also worth mentioning that the BTC dominance in constantly increasing (currently sitting at 53.3 percent). So, will Bitcoin be able to rebound in 2018? Not really. Here are the main reasons why will not witness another major bull run in 2018:

  1. History is repeating itself. During the aforementioned 2014-2015 period, Bitcoin lost a whopping 80 percent of its all-time high price during a very prolonging decline. Pundits suggest that right now we are going through another bearish trend that is going to last until the end of 2018.

  2. The decline in mining profitability. Due to a constantly increasing mining difficulty, the profitability of mining has by more than 90 percent since last December. Therefore, miners are selling BTC instead of holding it for a longer time.

  3. SEC snub. Bears are out in a full force after SEC the Winklevoss Bitcoin ETF proposal was rejected by SEC. Now, the whole crypto community is still waiting their decision with a bated for breath.

  4. Dwindling investor interest. Google searches for Bitcoin have also experienced a major drop in 2018.

This dramatic drop shows a public’s dwindling interest in Bitcoin
This dramatic drop shows a public’s dwindling interest in Bitcoin


Taking into consideration all the aforementioned facts, it is very unlikely that Bitcoin will see another major uptick this year, so it is safe to say that BTC will remain pretty much in the same price range this year. Anyway, let’s have a look at these Bitcoin price predictions for 2018.

$50,000 by the end of the year?

BitMEX’s CEO Arthur Haynes makes a very bold prediction that BTC may such astronomical numbers as early as in 2018 if starts alight. It is worth mentioning that Haynes has already predicted the current bearish trend (he believes that BTC may reach its rock bottom at $2,000), but the upcoming regulations and a positive SEC decision may cause an immense spike in value.

I stand by $50,000 prediction by 2018,’ – Arthur Haynes.   

Remarkably enough, in January the crypto experts, who were polled by Finder.com, also believed that Bitcoin was going to witness a tremendous growth reaching $44,000 by the end of 2018 (thus, nearing very close to the aforementioned price). However, this figure has been recently slashed to $19,605.
 

Month (2018)

BTC price (December 31, 2018)

January

$44,558

May

$30,925

July

$21,228

August

$19,605

Bitcoin price prediction 2019

Now, let’s move on with an extremely bullish Bitcoin price prediction for 2019 from Pantera Capital, the first crypto-oriented investment firm. While claiming that Bitcoin will be at $21,000 by December 2018 (reaching its new peak), they are also extremely optimistic about Bitcoin’s future in 2019. Pantera Capital predicts that BTC will cost not less than $67,000. Pantera Capital’s CEO Dan Morehead attributes these huge numbers to the fact that custodial services are starting to dive into crypto (this trend is expected to continue in 2019).

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Bitcoin price prediction 2020

One million?

The famed Bitcoin evangelist John McAfee is doubling down on his claims that the era of decentralization is inching closer. He believes that BTC is accelerating at a rapid speed, which makes his previous $500,000 prediction invalid.

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Bobby Lee, the founder of BTCC (formerly BTCChina), also believes that that Bitcoin is capable of shooting up to $1 mln, but, according to his Bitcoin price prediction for 2020, it takes much longer to reach this milestone.  

Bulls vs. Bears

Here’s what Bitcoin price will look like in 2020 according to two economic models proposed by Arthur Haynes and Spencer Wheatley.   
 

Prediction Model

BTC Price in 2020

Hayes

$55,931

Wheatley

$2,352


As you see, the two forecasts are drastically different. However, Wheatley’s model inclines to underestimate Bitcoin’s market cap, which leads to such bearish predictions.

Bitcoin long forecast

John McAfee is not the only expert who is being extremely bullish about Bitcoin. John Pfeffer, an investor from Pfeffer Capital, predicts that Bitcoin could eye $750,000 in the nearest future, but, unlike McAfee, he does not specify the exact date when this 75-fold spike is going to happen.

Pfeffer is certain that Bitcoin emerges as the first asset that could potentially replace gold. There will be no need to keep gold bars in your backyards, since Bitcoin is very easy to store.

Haters gonna hate

In sharp contrast to this, a well-known American economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, call Bitcoin, along with other currencies, the ‘bubble of all bubbles.’

I tend to think of Bitcoin as an experiment,’ – said Nouriel Roubini during his Guardian interview in February.

Of course, we cannot ignore the biggest Bitcoin critics Warren Buffett who infamously called BTC ‘a mirage.’

If you buy something like Bitcoin or some cryptocurrency, you don't have anything that is producing anything,’ – Warren Buffett weighed in on the future of crypto.

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Bitcoin price prediction 2025

Wences Casares, a director of PayPal, predicts that Bitcoin has the potential to hit $1 mln by 2025. Now owning Bitcoin, according to Casares, is the biggest mistake that an investor can make at this point, but he doesn’t encourage anyone to make gargantuan investments in BTC. He encourages anyone to put one percent of their net worth in Bitcoin and see what happens to this investment in a decade.

Apart from Casares, Jeremy Liew, the first Snapchat investor, is also certain that Bitcoin will reach unsurmountable heights judging by his Bitcoin price predictions for 2025. Liew claims that one BTC will set you back half a million by 2030 because of the prevalence of smartphones and rising political uncertainty.

Bitcoin price prediction chart

John McAfee offers the most bullish prediction
John McAfee offers the most bullish prediction

What are the forecasts from professionals from the world of cryptocurrency
Once we’ve covered it all, let’s have a look at what famed financial pro-Bitcoin experts have to say.

Tom Lee

Tom Lee is usually extremely enthusiastic about the future of crypto. This time, the Wall Street permabull predicts that the next Bitcoin’s comeback is in the offing. He claims that the constantly increasing Bitcoin’s dominance is a good sign that that the king of crypto is only starting its another bull run. While not giving exact price predictions during his recent interview, Tom Lee believes that Bitcoin will keep hovering in the same price range for a while.  

The king of crypto has been steadily increasing its dominance recently
The king of crypto has been steadily increasing its dominance recently

Chamath Palihapitiya

Social Capital’s Chamath Palihapitiya claims that Bitcoin will be worth $100,000 in the next three or four years. He also believes that the king of crypto would be able to reach a $1 mln mark in a couple of decades. It is possible that we are dealing with a Bitcoin price prediction for 2030 or even 2040.  

Ran Neu-Ner

Ran Neu-Ner, the CEO of Onchain Capital, states that we are yet to witness the mainstream adoption of cryptocurrencies. Similarly to John Pfeffer, he draws a parallel between Bitcoin and gold.

‘In a couple of years, there will be more demand for Bitcoin than for digital gold,’ – said Ran Neu-Ner in his recent CNBC interview.

Conclusion

We’ve covered both extremely bullish and bearish predictions, so it is crucially important to find a middle ground here. As of one, one can only determine the factors that may have the biggest impact on the Bitcoin price prediction today.

No major changes expected to happen until the long-awaited SEC decision on Sept. 30, which may either make the Bitcoin price shoot up to astronomical numbers or trigger bearish trends. Since then, the crypto community has to look for more regulatory actions.

In terms of long-term forecasts, they are very vague and unreliable. However, if we continue seeing more companies getting on board, crypto mainstream adoption may become a reality. Since then, there will be no limit as to where Bitcoin price can spike up, so the aforementioned $1 mln predictions do not sound too crazy.

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Bitcoin, Ethereum, Ripple, EOS, NEM Slightly Higher, Sellers Still Strong: Price Analysis, June 14

Pricewise
Bitcoin and altcoins start a correction as the price goes slightly upwards
Bitcoin, Ethereum, Ripple, EOS, NEM Slightly Higher, Sellers Still Strong: Price Analysis, June 14

Bitcoin and altcoins seem to finally find their support as they have stopped declining and started a bullish correction. However, sellers are still strong as the price moves upwards in a very smooth manner. Markets are still influenced by the news from the US where local regulatory authority CFTC requires transaction data from exchanges.

There is another interesting event to mention. The Reserve Bank of India has decided to ban any operations with cryptos using local financial organizations. However, experts think that this decision is based on no research and is made in haste. The Reserve Bank of India has mentioned that there was no research conducted before the implementation of this ban.

This news is important as India is not the only state to ban cryptocurrency operations. The event has a negative impact on the whole industry as well.

Bitcoin (BTC/USD) Price Analysis, June 14

 BTC/USD Hourly

The currency pair has added less than one percent in the past 24 hours. Bitcoin develops its bullish correction currently after a serious downtrend that we have seen in the past several days. BTC/USD established new lows on Wednesday, but then reversed as sellers were unable to push the currency pair lower.

BTC/USD Hourly Closer

Let’s have a closer look at what is happening on the hourly chart. Bitcoin has tested the support area at 3.618 retracement level on Wednesday, but failed to break it through. The currency pair jumped off from there and went upwards targeting the resistance area at $6,510. BTC/USD fluctuates there currently. The possible ways for the currency pair are the following.

  1. Red scenario (bearish). The currency pair will develop its downtrend and break through 3.618 retracement level targeting 4.236.
  2. Orange scenario (neutral). Bitcoin will stay within the current range, limited by the support at 3.618 retracement level and the resistance area at $6,510.
  3. Green scenario (bullish). The currency pair will move towards the resistance area at $6,510 and jump over it targeting the next resistance area at $6,718.

Ethereum (ETH/USD) Price Analysis, June 14

ETH/USD Hourly

Ethereum has added more than two percent in the past 24 hours. The currency pair has started a correction on Wednesday after establishing new weekly lows. However, this correction is smooth currently meaning bears are still able to reverse the price.

ETH/USD Hourly Closer

Let’s see what is going on the hourly chart. The currency pair has tested the support area at $473.39 and jumped off it. Ethereum moved towards the closest resistance area later but failed to reach it. ETH/USD remains between the two areas currently. The possible ways for the currency pair are the following:

  1. Red scenario (bearish). The currency pair will break through the closest support area at $473.39 and move lower, targeting the next support area at $453.24.
  2. Orange scenario (neutral). Ethereum will stay within the current range between the support area at $473.39 and the resistance area at $500.36.
  3. Green scenario (bullish). ETH/USD will break through the resistance area at $500.36, targeting the next resistance at 3.618 retracement level.

Ripple (XRP/USD) Price Analysis, June 14

XRP/USD Hourly

Ripple has added almost three percent in the past 24 hours. The currency pair develops an upside correction currently. XRP/USD has tested $0.5088 support area on Wednesday, but failed to cross it and retreated.

XRP/USD Hourly Closer

Let’s have a closer look at the hourly chart. The currency pair has crossed the resistance area at $0.5444. XRP/USD fluctuates above this level in the moment of writing. Ripple seems to establish a bullish Flag pattern meaning the currency pair is able to run even higher. The possible ways for Ripple are the following:

  1. Red scenario (bearish). Ripple will break through the closest support area at $0.5444 and move lower, targeting the next support area at $0.5088.
  2. Orange scenario (neutral). XRP/USD will stay within the current horizontal range without significant changes, limited by the support area at $0.5444 and the resistance area at $0.5643.
  3. Green scenario (bullish). The currency pair will break through the resistance area at $0.5643 and run higher, targeting the next resistance at $0.5914.

EOS (EOS/USD) Price Analysis, June 14

 

EOS/USD Hourly

The currency pair has added more than six percent in the past 24 hours. EOS/USD has started a correction on Thursday after reaching new weekly lows on Wednesday. However, buyers are still hesitating as the growth is very smooth.

EOS/USD Hourly Closer

Let’s have a closer look at what is going on the hourly chart. EOS/USD has tested the support area at $9.31 on Wednesday, but failed to cross it and reversed upwards. EOS has jumped over $9.91 resistance are later. The currency pair stays in the middle of the next price range. The possible ways for EOS/USD are the following:

  1. Red scenario (bearish). The currency pair will break through the closest support area at $9.91 and move lower, targeting the next support at $9.31.
  2. Orange scenario (neutral). EOS/USD will stay within the current range, limited by the support area at $9.91 and the resistance at $10.54.
  3. Green scenario (bullish). EOS will break through the resistance area at $10.54 and run higher, targeting the nest resistance at $11.41.

NEM (XEM/USD) Price Analysis, June 14

XEM/USD Hourly

The currency pair added a few percent in the past 24 hours. NEM had a huge downtrend last week and seems to stop it for a correction. XEM/USD tests the red descending trend line in the moment of writing. If successful, bulls will be able to change the situation.

XEM/USD Hourly Closer

Let’s have a closer look at the situation on the hourly chart. The currency pair has tested the support area at $0.1873 on Wednesday and jumped off it. XEM/USD ran higher and reached $0.2002 later. The currency pair fluctuates close to this resistance area currently. The possible ways for XEM/USD are the following:

  1. Red scenario (bearish). The currency pair will break through $0.1873 and move lower.
  2. Orange scenario (neutral). XEM/USD will stay within the current range limited by the support area at $0.1873 and the resistance area at $0.2002.
  3. Green scenario (bullish). NEM will break through the resistance area at $0.2002 and run higher, targeting the next resistance at $0.2121.

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