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Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

Crypto Week: What Caused the Selloff During the Past Days?

  • Stavros Georgiadis
    📈 Price Predictions

    The week of Nov. 19 - Nov. 23 starts with a strong selloff for the market’s four major cryptocurrencies, which all saw significant declines during the last day

Crypto Week: What Caused the Selloff During the Past Days?
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The week of Nov. 19 - Nov. 23 starts with a strong selloff for the market’s four major cryptocurrencies, which all saw significant declines during the last day. The largest decline was noted for the Ethereum at 7.76% and the smallest one for the Bitcoin at 2.74%. It is noteworthy that the valuation of Bitcoin fell below $100 billion for the first time since last November.

What caused this selloff during the past days?

Mainly two reasons:

-    The first one was the monthly expiration of Bitcoin futures at CBOE.

-    The second possible reason for the slide in cryptocurrency markets is the recent fork in Bitcoin Cash, the world’s fourth most valuable cryptocurrency, into Bitcoin ABC and Bitcoin SV.

Technical Analysis for the four major cryptocurrencies

Technical Analysis for the four major cryptocurrencies

Bitcoin

The major support level near $6426 did not last and was broken. Now Bitcoin price is at $5335 and a strong downtrend is dominant, supported by the ADX/DMI indicator. Traders should be very cautious trying to catch the bottom.

There is not any significant support at these levels, and there should be resistance at the levels of $6000, $6230, $6630.

The Stochastic indicator with values (14,3,3) on the daily chart is now at oversold conditions below the 20 level but has not made any cross to confirm a possible trend change. The daily 20-period and 50-period exponential moving averages are at $6093 and $6332 respectively, pointing down and confirming the strong downtrend. Preferable positions are to trade with the trend and sell any bounces to the level of $6300, aiming at possible lower levels than $5300.

Bitcoin

XRP

A different story for XRP as it trades within a range of $0.42 and $0.57 for several days. On the daily chart the 20-period and 50-period exponential moving averages are at $0.4930 and $0.4753 pointing up, but the strength of the trend is weak with a value of 17.66 for the ADX/DMI indicator.

The Stochastic indicator (14,3,3) is at neutral level and there is strong support at $0.4375 and strong resistance at $0.5490. Preferable positions are to trade the range of daily Bollinger Bands at $0.4324-$0.5513 until a breakout occurs.

XRP

Ethereum

Ethereum has a daily chart looking like Bitcoin’s chart. As the strong support of $190 did not last, the selloff drove the price, currently at $157.

The downtrend seems to gather momentum supported by the ADX/DMI indicator with the daily 20-period and 50-period exponential moving averages respectively at $194.31 and $209.99 pointing down.

Trying to catch a bottom is too risky, with preferable positions selling any strength towards the $190-$195 levels for a continuation of the trend lower. There is not any significant level of support and strong resistance at $190 and $195 levels.

Ethereum

Bitcoin Cash

The cryptocurrency tried to form a bottom at $408, but the support did not last and a new low at $347 is now formed. The daily 20-period and 50-period exponential moving averages are at $456.90 and $477.27 respectively, pointing down.

The Stochastic indicator (14,3,3) is now an oversold level below the 20 level but has not confirmed any cross yet. The downtrend seems to gather momentum.

Bitcoin Cash

There is not any significant support at this price, currently at $350.79, and there is strong support, now resistance at $410-$415. Preferable positions are to short any bounces towards the level of $415 for resuming the downtrend.

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Dash Price Prediction 2019-20-25 — How Much Will DASH Cost?

  • Denys Serhiichuk
    📈 Price Predictions

    If you want to have a fast transaction speed and an opportunity to run a master node, then Dash is your choice. In addition, this coin has similar features of anonymity to Zcash and Monero. These peculiarities have made Dash popular among investors, traders and moners. In this article, we will try to predict the possible rate of this cryptocurrency in a few years.  

Dash Price Prediction 2019-20-25 — How Much Will DASH Cost?
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Dash cryptocurrency has not accidentally gained wide popularity among users. Today, it is considered to be one of the most scalable and convenient digital systems for online payment with access to the traditional financial market.

Platform developers already implemented a fast confirmation, a high degree of anonymity of payment transactions, a reliable two-level security function, and a self-managed reward system based both on mining and stimulating the work of complete nodes. A clear development plan for the platform with the prospect of scaling up to 400 MB of blocks makes the project even more promising.

Dash Price Prediction

In order to start predicting the future price of Dash, it is necessary to know the pros of this coin. Its advantages are as follows:

  • Absolute transparency of the Dash project. The founder of the platform, Evan Duffield, high professionalism of the team, which includes talented developers and experienced PR people contribute to increasing market capitalization and liquidity of the coin.

  • Guaranteed privacy deals thanks to Privat Send option technology. Safe storage of funds in the accounts.

  • X-11 hash algorithm, consisting of 11 compiled hash functions, developed by Duffield.

  • The potential of Dash as a tool for long-term investments: the constant introduction of updates, the use of innovative technologies, and preservation of a moderate cost.

  • The integrated send system provides instant transaction processing. In this case, the speed does not affect the network.

  • Minimum fees for any operations with Dash, whether they are: purchases, exchanges, payment for services, etc.

  • A simple mechanism for implementing updates due to the two-tier platform architecture.

  • The ability to simultaneously use multiple cryptographic algorithms.

  • High coin mining revenue. Despite the appearance of specialized ASICs on the market, Dash remains one of the most popular cryptocurrencies for mining.

  • The status as “the most decentralized of all cryptocurrencies” thanks to the DAPI software interface. All participants in the system have equal rights.

However, some disadvantages also exist:

  • An error was originally laid, which subsequently led to instamine — the effect of a relatively quick emission of the volume of coins with a subsequent decrease in rewards. This discourages potential investors.

  • The threat of a possible discharging of the coin rate due to the master nodes.

  • A gradual transition to ASIC-miners.

How has the DASH rate changed over the last years?

During 2018, the cost of DASH cryptocurrency decreased 25 times, from $1,516 to $64. Market capitalization decreased from 12 billion to 600 million dollars. Despite this, the Dashcommunity gradually developed, and now it reaches large volumes. At the end of 2018, DASH coins began to be accepted as a means of payment by the fast-food chain Church’s Chicken restaurants in Venezuela. A few days later, Dash representatives announced a partnership with the Node40 and Alt36 companies, which are about to develop the cannabis industry.

Year

DASH price

2015

$0.04 - 19

2016

$2 - 14.12

2017

$11 - 1,575

2018

From $1,007 to $382, then a slight correction to $586 and again a decrease to $153

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DASH Price Prediction 2019

At the time of writing this article, the cost of one DASH coin is $92. The fact is, that the cryptocurrency market situation has changed a lot, and retail investors have rethought their approach to buying digital currencies, Dash has possibility for success. Despite strong competition from Monero and Bytecoin, the Dash coin will find its place in the market. And if this year, we see an influx of large investors in the cryptocurrency market, then Dash has every chance to reach the price of 500-600 dollars.

This forecast is completely different from the CoinOracle expert estimates. According to their calculations, in 2019 the coin will significantly strengthen its position up to $868, and in five years it will reach $3,902.

DASH Price Prediction 2020 and beyond

DASH rate prediction

Analysts claim that the created technological value allows making a positive medium-term forecast for Dash cryptocurrency. Current fundamental circumstances indicate that by the end of 2020, quotes will fall in the range of $6000 - 8000 per coin. In the case of the optimistic scenario, the price may rise up to $20,000 by 2025.

The development of Dash Labs, a strong team of developers and a positive news background around this blockchain project gives hope for the return to the top-10 by market capitalization. We can expect new partnerships and the expansion of the geography of Dash payments.

What to expect?

“What to expect” logo

Market conditions are changing, retail investors are updating their approaches to building their digital portfolios, and under these conditions, Dash has a chance to turn the tide in their favor.

Ultimately, the market situation will primarily affect the Dash quotes. If the reversal to the “bearish” trend does not happen (and this can happen, because in the history of crypto-economics there have already been cases of correction with a duration of two years), then Dash is waiting for the next update of the minima after Bitcoin and other assets.

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In addition, there are concerns that the development of the project may be hindered by the growing tendency to establish control over the crypto-economy by the governments of the largest countries in the world. Earlier, Dash has already suffered from delisting on the Coincheck exchange, conducted in pursuance of an order from the Financial Services Agency of Japan (FSA). If decisions on the introduction of the obligatory AML and KYC procedures into the rules of trading floors follow this, anonymous coins, including Dash, will lose their main advantage. Let's hope that the developers are not sitting idly by and are already coming up with ways to survive in this scenario.

Conclusion

Despite several unpleasant moments associated with Dash, this cryptocurrency still has solid potential. Of course, this digital asset is far from a leader in terms of capitalization and popularity among users, but the unique architecture of the network of the same name, high-speed transactions, complete anonymity, and security, as well as constant improvements, can make the considered coin one of the market leaders in the future.

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