Yuri Molchan

Over 1,000 dApps Launched on Ethereum Platform: Ethereum Israeli Conference

Blockchain analysts: ETH gets even more popular
Over 1,000 dApps Launched on Ethereum Platform: Ethereum Israeli Conference

During the Ethereum conference that took place in Israel this week, a business analyst Christian Crowley made an interesting report. It says that over 1,000 decentralized apps (dApps) have been launched on the Ethereum (ETH) platform. Other issues to do with Blockchain overall were also discussed.

Crowley claims that more or less 100,000 new users join the ETH platform on a daily basis. Also, the report has it that the decentralized network performs around one mln transactions daily and there are almost 30 mln unique ETH addresses in existence.

Blockchain discussed globally

Another speaker, the executive director of ConsenSys, Vanessa Grellet, spoke about the use of the distributed ledger technology to impact the society. She suggested people who survived the Holocaust as an example and said that Blockchain could provide a wonderful method to improve their lives in impoverished areas, as well as solve other urgent social problems.

However, the majority of new Blockchain projects do not have a long life-cycle. According to a report from Chinese analysts, only eight percent of new platforms in this area are still functioning. The others disappear in a year on average.

Card

Coming back to Ethereum, despite its growing popularity and constantly widening user base, we, unfortunately, cannot see any major increase of its rate so far. But big things take a long time to spread their wings. With all the projects that Ethereum runs and its strong team of developers headed by Vitalik Buterin, one can bet that ETH will be a good bet in the long run.

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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM Grow Finally, Buyers Dominate Crypto Markets: Price Analysis, June 19

Pricewise
Bitcoin and other cryptos go green on Tuesday, buyers finally take control over the markets
Bitcoin, Ethereum, Ripple, EOS, NEM Grow Finally, Buyers Dominate Crypto Markets: Price Analysis, June 19

Bitcoin and altcoins are green on Tuesday as buyers are controlling the markets. Cryptos are trying to return their positions that they have lost during the past week. There are no important events for this and the growth is likely to be a part of an upside correction.

As for interesting news, cryptocurrencies are accepted in Russia during FIFA 2018 World Cup. One cannot buy tickets directly, but crypto users may choose several methods including banking cards like Wirex or Epayments to purchase anything.

After the US has declared sanction against Russia, Mastercard and Visa have stopped working with some Russian banks. Cryptos help visitors and football fans pay for goods and services.

EOS still suffers from different issues. The Mainnet is down and nobody knows when the issue will be fixed.

Bitcoin (BTC/USD) Price analysis, June 19

BTC/USD Hourly

Bitcoin has added nearly four percent in the past 24 hours. The currency pair established new tops on Tuesday as it followed the green scenario from our latest BTC/USD price analysis. Bitcoin forms a kind of a flag pattern in the moment of writing meaning the currency pair is able to develop its upside progress on Tuesday.

BTC/USD Hourly Closer

Let’s see closer what is going on the hourly chart. Bitcoin has reached $6,718 resistance area on Monday and tested it several times. The currency pair fluctuates close to this level in the moment of writing. There was a fake breakout, but the price returned below the resistance area. The possible ways for BTC/USD are the following:

  1. Red scenario (bearish). The currency pair will reach the support area at $6,510 and jump over it targeting the next support at 3.618 retracement level.
  2. Orange scenario (neutral). Bitcoin will stay within the current price range, limited by the resistance area at $6,718 and the support area at $6,510.
  3. Green scenario (bullish). BTC/USD will test the resistance area at $6,718 again and jump over it, targeting the next resistance area at $6,943.

Ethereum (ETH/USD) Price analysis, June 19

ETH/USD Hourly

Ethereum has added more than four percent in the past 24 hours. The currency pair managed to establish new highs on Monday. ETH/USD forms a flag pattern currently meaning the currency pair has potential to develop its growth on Tuesday.

ETH/USD Hourly Closer

Ethereum seems to finally find support and looks promising in the moment of writing. However, let’s see closer what is going on the hourly chart. ETH price has followed green scenario from our latest ETH/USD review but failed to reach the next resistance area at $540.69. The possible ways for ETH/USD are the following:

  1. Red scenario (bearish). Ethereum will reach the support area at $500.36 to test it. If successful, sellers will be able to push the currency pair lower, targeting the next support at $473.39.
  2. Orange scenario (neutral). ETH/USD will stay within the current price range between the resistance area at $540.69 and the support at $500.36.
  3. Green scenario (bullish). The currency pair will test the resistance at $540.69 and if successful, buyers will be able to drive Ethereum higher, aiming at $566.90.

Ripple (XRP/USD) Price analysis, June 19

XRP/USD Hourly

The currency pair has added more than two percent in the past 24 hours. Ripple reached new tops on Monday. XRP/USD has potential to develop its upside correction in the nearest future. The currency pair seems to form a flag pattern on the hourly chart.

XRP/USD Hourly Closer

Ripple has found support at $0.5088 support area. The currency pair moved higher on Monday and tested the resistance area at $0.5444 but failed to jump over it. There was a fake breakout, but XRP/USD retreated from this area later is fluctuated below it. The possible ways for XRP/USD are the following:

  1. Red scenario (bearish). The currency pair will test the support area at $0.5088 and is successful, XRP price will run lower.
  2. Orange scenario (neutral). XRP/USD will stay within that current range, limited by the resistance area at $0.5444 and the support at $0.5088.
  3. Green scenario (bullish). Ripple will break through the resistance area at $0.5444 and move higher, targeting the next resistance at $0.5643.

EOS (EOS/USD) Price analysis, June 19

EOS/USD Hourly

The currency pair had a more than three percent growth on Monday. However, EOS still remain flat as there is no clear direction on the hourly chart. The price is consolidating for several days already due to the issues with Mainnet as investors and traders are unable to make any decision.

EOS/USD Hourly Closer

When we look closer at the hourly chart, we can see that EOS tried to cross the resistance area at $10.54 but failed to complete this task and retreated. The currency pair fluctuates below this area in the moment of writing. The possible ways for EOS/USD are the following:

  1. Red scenario (bearish). EOS will test the support area at $9.91 and if successful, sellers will have an opportunity to push the currency pair lower, targeting the next support at $9.31.
  2. Orange scenario (neutral). The currency pair will stay within the current range between the resistance at $10.54 and the support at $9.91.
  3. Green scenario (bullish). EOS/USD will test the resistance at $10.54 and if successful, buyers will be able to drive the currency pair towards $11.41.

NEM (XEM/USD) Price analysis, June 19

XEM/USD Hourly

The currency pair added more than one percent in the past 24 hours, but the general picture on the hourly chart shows that there is no tendency currently and XEM/USD is consolidating. This consolidation may be the beginning of something huge and interesting.

XEM/USD Hourly Closer

The currency pair has reached the resistance area at $0.2002 on Monday and tried to cross it, but failed and retreated later. However, bulls are still in control as the price is close to this resistance area. It seems like buyers will test it in the nearest future. The possible ways for XEM/USD are the following:

  1. Red scenario (bearish). The currency pair will test the support area at $0.1873 and if successful, the sellers will push it lower.
  2. Orange scenario (neutral). XEM/USD will stay between the resistance area at $0.2002 and the support at $0.1873.
  3. Green scenario (bullish). NEM will jump over the resistance area at $0.2002 and move higher targeting the next resistance at $0.2121.

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Exchanges Guide George Shnurenko

Complete Bitfinex Review and Beginner's User Guide

🎓 Exchanges Guide
Bitfinex is a reputable trading platform that currently operates the biggest and the most liquid cryptocurrency exchange in the world.
Complete Bitfinex Review and Beginner's User Guide

What is Bitfinex?

Bitfinex is a reputable trading platform that currently operates the biggest and the most liquid cryptocurrency exchange in the world. Bitfinex’s sudden rise is partially explained by the decision of the Central Bank of China to end no-fee trading that resulted in a major market shake-up and prevented main Chinese exchanges from reporting fake trading volumes. A large trading volume helps to reduce the difference between the buy and sell rates and increased the liquidity of a particular coin.

Trading Tools

It is worth mentioning that Bitfinex is more suitable for active traders than for beginners because it offers its users a great variety of trading tools as well as a big choice of altcoins and trading pairs. On top of that, Bitfinex is widely regarded to have the smoothest trading platform out there, since it rarely goes down even when the market reaches the peak of its volatility (BTC mooning/falling).

Bitfinex provides its users with an exchange service and a trading platform with an emphasis on leveraged trading. Basically, if you assume that Bitcoin is going down, it would be useful to learn
how to short Bitcoin on Bitfinex or how to short on Bitfinex any other cryptocurrency with the help of marginal trading. It also offers lending (not a single exchange apart from Bitfinex does it). If you have a substantial amount of BTC, any altcoin or even USD, you can lend it out to other traders.

Bitfinex Review

Cryptomarket is highly volatile and rather controversial. Cryptocurrency exchanges (in particularly, Bitfinex) are not immune to these controversies. Take into consideration the fact that every time you sell a cryptocurrency on this exchange you are getting a so-called ‘stablecoin’ Tether (USDT) instead of traditional fiat money. Tether is also the name of a corporation which has the same shareholders as Bitfinex. The 2015 NYT article confirmed that these companies are indeed closely connected.

US media reported in January about Bitfinex being scrutinized by American regulators. Despite the claims that Tether is backed up by the US dollar, there was no actual audit to confirm it. The majority of users do not have an issue with that since it is the biggest exchange in the world which is too big to fail, but make sure that you do your own research before reading
how to buy Bitcoin on Bitfinex. Besides, remember not to send or keep large amounts of coins on any exchange (use any cold wallet instead).

Mt. Gox’s example proves that even the biggest sharks on the market may not win a war with hackers. So,
how safe is Bitfinex? Bitfinex was also subjected to a huge hacking two years ago when about 120,000 BTC were stolen from the exchange, but, unlike Mt. Gox’s, managed to come back from the dead by repaying losses to their customers and improving its security.

How to Use Bitfinex?

The following guide is useful for beginners who want to find out how to use Bitfinex, how to trade on Bitfinex and how to exchange on Bitfinex.
 

open account
  1. The first thing that you have to do is to open an account and verify it. Those who are interested in additional discounts, may want to read how to get Bitfinex invitation code. If you are security conscious, it is strongly advisable to enable 2FA.
     

    sign up form


    NB! As mentioned above, Bitfinex is particularly aimed at skilled traders, so new accounts are not eligible to use all of its trading instruments.

  2. Once you’ve created an account, you can exchange your money or engage in trading. Beware of the fact that you have to undergo a confirmation process in order to be able to deposit or withdraw your money. The verification takes about 7-9 weeks. To be verified, one has to provide the scans of his ID and permanent address.

  3. How to buy on Bitfinex? Before buying any cryptocurrency you actually have to make a deposit by going to the upper-right corner and clicking the ‘Deposit’ button. Then you can choose any means of payment. Available payment methods include main cryptocurrencies and fiat money. Since April 2017, Bitfinex is no longer accepting wire transfers, but it can hardly be considered a big disadvantage because wire transfer tend to be expensive and take too much time to process a transaction.
     

    depost

     

  4. The most important part for traders is obliviously the ‘Trading’ section which displays all the assets that are available to trade. Before finding out how to buy IOTA in Bitfinex, pay attention to the fact that there is the minimum account equity 10,000 USD, so you cannot engage in trading until your account balance reaches this specific sum.
    assets

  5. When funds are deposited to your account, you can start trading. All of the assets available to trade are situated on the left side. In this section, you can choose your desirable trading pair. For example, those who want to know how to buy IOTA on Bitfinex, can simply choose IOTA/BTC trading pair and decide what amount of IOTA you would like to buy. Bitfinex uses charts powered by TradingView with very convenient indicators and variety of modifications that show how volatile the price of any currency is at a particular timeframe.

Types of Wallets

While making a deposit, you can choose among three major types of wallets:

Exchange Wallet

Used for purchasing coins.

Margin Wallet

Used for marginal trading.

Funding Wallet

Used for lending your funds to other traders.


Those who want to find out how to buy IOTA (Bitfinex) or any other altcoin have to consider using an exchange wallet which is the most common type of wallets.

Bitfinex Fees

One of the Bitfinex’s main advantages is its extremely low fees, but this is rather a typical situation for big exchanges that mainly focus on trade. They vary from 0.1% to 0.2% depending on your trading volume. If a user’s account exceeds $7.5 million trading volume, he isn’t charged any fees at all.

Bitfinex Withdrawal Limits

Processing a large amount of small transactions causes technical difficulties. That is why Bitfinex (like practically any other platform) comes up with the minimum withdrawal limit currently set at 250 USD. There is still a possibility to withdraw any amount of money that goes beyond this limit.

If you want to withdraw a small sum of money, you have to perform the following actions:

  1. Go to the ‘Withdrawal’ menu in the top right corner.

  2. Click the ‘Help’ button when filling in the amount of coins.

  3. Choose the ‘Request’ option in the new pop-up window.

NB! You are only allowed to make small withdrawals once a week. At the same time, normal withdrawals can be processed at any suitable time.

Exchanges Guide
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Coins Guide George Shnurenko

How to buy Vertcoin (VTC) in USA: A Step-by-Step Guide

🎓 Coins Guide
The purchasing processes can be different; it varies depending on the place of your residence. In most cases Vertcoin is bought on an exchange with Bitcoin.
How to buy Vertcoin (VTC) in USA: A Step-by-Step Guide

The purchasing processes can be different; it varies depending on the place of your residence. In most cases Vertcoin is bought on an exchange with Bitcoin.

Here if the list of exchanges providing Vertcoin trading support.

  • • Bittrex—https://bittrex.com/Market/Index?MarketName=BTC-VTC
  • • Bittylicious (GBP) - https://bittylicious.com/
  • • Bleutrade - https://bleutrade.com/exchange/VTC/BTC"
  • • Jubi (CNY) -http://www.jubi.com
  • • LiteBit (EUR)—https://www.litebit.eu/en/buy/vertcoin
  • • Poloniex—https://poloniex.com/exchange#btc_vtc
  • • YoBit -https://yobit.net/en/trade/VTC/BTC

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Darryn Pollock

$20,000 to $4,000 is Not Even Bitcoin’s Biggest Bubble, And Probably Not Its Last

The latest big dip in Bitcoin’s price is being wrongly heralded as the final bubble pop, when in fact, its decline from nearly $20,000 to now is not even its biggest
$20,000 to $4,000 is Not Even Bitcoin’s Biggest Bubble, And Probably Not Its Last

Bitcoin, having slowly declined to around the mid $6,000 mark from it’s all time high of about $20,000 in December last year, suddenly fell dramatically to worrying numbers of closer to $4,000 this past week. Many have panicked and proclaimed that this is the end of Bitcoin, and that the bubble has popped.

However, the Bitcoin price slump is only making major headlines because of its recent dalliance with the mainstream media, since about June of 2017. This so-called bubble pop is not even Bitcoin’s biggest fall, but it is certainly its most popular.

Not many people have been involved in Bitcoin for the majority of its history, and thus the collective memory of the 2011 bubble, or even the long lasting bear market of 2013 to 2015, is sorely lacking in these times of uncertainty and fear.

However, if these rises and falls were to be ranked, the fall from the all time high to today only ranks as Bitcoin’s fourth worst bubble.

Looking back at the bad

The three other big bubbles in Bitcoin's history have seen as much as 94 percent of its value wiped out.

From June to November in 2011, the price of Bitcoin was at a high of $31 but fell dramatically in less than six months to around $2, showing a fall of 94 percent. The recovery period for this collapse, and for Bitcoin to reach a new high of over $31, was just over 1.5 years.

The next big bubble saw Bitcoin go from $259 to a low of $45, and this fall only took two months towards the end of 2014 — an 83 percent fall in value. However, Bitcoin bounced back to over take its $259 mark in just seven months.

From there, Bitcoin quickly spiked up again to $1,141, but its fall into a bear market lasted almost two years as the price bottomed out at this time at $152 — an 87 percent fall. This recovery took over three years to get right, pushing Bitcoin all the way to its $20,000 mark.

As it stands, the fall from $20,000 to $4,000 is a drop of 80 percent, and thus comes in as the fourth worst rise and fall in Bitcoin's price.

Bitcoin is not even the worst stock

So, while the cryptocurrency has had four big falls in value, ranging from 80 to 94 percent, so have a lot of major companies that are hugely successful household names today.

EToro’s Senior Analyst, Mati Greenspan, posted a Tweet highlighting major losses incurred by big players during the dot-com bubble of 2000.

Companies such as Amazon have felt loses as big as almost 99 percent; in fact, all the ones he tweeted about lost over 96 percent of their value in the Dot Com bubble burst of the 2000s.

Been here before

The real takeaway from this latest publicised collapse in price is that the mainstream media is really only aware and cognisant of what has happened to Bitcoin since June of last year, when they started taking note.

For the rest of 2017, they reported on its huge growth for the first time, and now they are reporting on its massive drop for the first time — but this is not the first time this has happened, and it probably won't be the last, either.

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📈 Pricewise Daniel Osten

Cryptocurrency Market Stays Green Promising Further Growth

Pricewise
No bad news today: market stays green, Ripple is dominating in the race toward global recovery.
Cryptocurrency Market Stays Green Promising Further Growth

The end of last week was marked by several successes in the cryptocurrency market. First of all, Bitcoin buyers were able to keep the price above $8,200 (the importance of which we addressed in the previous review) and second, the price of digital assets has been showing a better tendency than that of the global stock indices. On Saturday and Sunday we observed healthy volatility, when some coins were appreciating faster than others, reacting to positive news. In general, the media cycle is becoming more encouraging: the Arizona Senate proposed a bill on the use of cryptocurrency in tax payments and JP Morgan (previously opposed to Bitcoin) suddenly admitted that digital assets are likely to stick around for a while. At the same time, expert opinions about the "the bursting of the bubble" are heard less often, which confirms our conclusions about the end of the correction.

By Monday, the total capitalization of the market continued to increase and reached $415 bln, but the dominance of Bitcoin decreased to 34.3 percent, which indicates the flow of funds from the main asset to altcoins. The best results in the top 10 were shown by NEO and Ripple, with an intraday price increase of 10 percent. While NEO has been going sideways in the last few days, XRP became the absolute record holder for gains. Just on Friday, Feb. 9 its price was $0.76 and today, it’s trading at $1, having reached up to $1.23 over the weekend. A significant role in Ripple’s success was played by the news of its agreement with foreign exchange giant UAE Exchange. Although, it is not yet clear whether the agreement implies the actual use of XRP tokens, or once again everything will be limited to xCurrent software.

BTC/USD

Over the weekend, Bitcoin price reached a maximum of $9,000, later descending to refuel at $7,800. We do not regard this decline as a threat to further growth because without drops there can be no new heights. The main limiting factor is still the upper boundary of the long-term descending channel, marked on the graph in red.

01_11.02

At the same time, we are again observing the "inverse head and shoulders" figure, the exit from which coincides with the boundary of the channel. We expect that in case of activation, the figure will work out only at half-size, which happens quite often in active struggles between bulls and bears. The target growth zone is at the $10,000 level, coinciding with the 1.618 Fibonacci extension and the strong resistance. As before, Bitcoin price is supported from below by the curve marked in green.

XRP/USD

After showing an impressive 50 percent growth on Friday and Saturday, Ripple went to local correction and fell to the $0.9 level, formed by the mirror support-resistance, as well as the 0.382 value of the Fibonacci grid. We expect further growth from the cryptocurrency because the main resistance levels in the form of descending channels (with upper boundaries marked in red on the graph) have been overcome. The target value is the range $1.3-$1.35 (green area on the graph).

02_12.02

At the time of writing, XRP is trading near the $1 mark, which coincides with fair price for the period since Jan. 17. In the case of a negative scenario, a decrease to $0.9 is possible, where the channel boundary will be retested.

ETH/USD

During the global correction, ETH price dropped to $570, but over the following days, it showed an increase of 60 percent to $900 confirming high investor interest in this asset. It may seem at the time that many of the top 10 coins are outrunning it in gains, but we know from experience that for Ethereum slow and steady wins the race.

03_12.02

From the beginning of the year, the maximum volume of ETH was traded in the $970-$980 range, which is a fair price. This same value is also indicated by the 1.618 of Fibonacci extension and a strong mirror level of support-resistance. At the bottom, the price is protected by the $785 level. However, even in case of a decline, we do not expect the price to stay there for long.

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