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📈 Price Predictions
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Ripple’s XRP, Binance Coin, IOTA, Dash - Weekly Price Prediction and Overview

  • Thomas Hughes
    📈 Price Predictions

    This weekend has been an emotional rollercoaster for Bitcoin traders. The digital asset jumped to test the $4200 mark only to drop minutes later into the $3800 area

Ripple’s XRP, Binance Coin, IOTA, Dash - Weekly Price Prediction and Overview
Cover image via u.today

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.

Contents

This weekend has been an emotional rollercoaster for Bitcoin traders. The digital asset jumped to test the $4200 mark only to drop minutes later into the $3800 area. The move is considered market manipulation by many traders but there is little evidence to who is responsible. Despite this, the cryptocurrency market is holding steady near $130 billion despite most of the top coins posting losses.

Ripple (XRP) Price Prediction

Coinbase just announced that Ripple’s XRP will be listed on their exchange. The announcement spurred a recovery from $0.29 territory to $0.32 where it’s currently trading. The circulating supply is valued at $13,232,810,309 which puts XRP in third place overall in terms of market cap. XRP is currently dealing with a long-term bearish trend line and has recently tested $0.35 resistance but failed to break the level.

If we see a break of said trend line it will almost certainly encourage more buyers to join in the rally. If more traders join in that will facilitate a break of the 50 days EMA and possibly a move into the $0.37. If not, well if not we can expect to see a retest of support.

XRP/USD chart by TradingView

XRP/USD chart by TradingView

Binance Coin (BNB) Price Prediction

Following the testnet launch of Binance DEX BNB climbed to test resistance at $11.80. The move was met by sellers leaving the token trading near $9.64 in what seems to be a normal retracement, not a reversal. Binance Coin is still in an uptrend and as long as it holds above $8.50 - $9.00 we should expect to see additional moves higher.

This week we may not see price approach $9.00 where a bounce is highly probable. Because the Relative Strength Index was overbought the move lower is technically sound and healthy for the development of the longer-term uptrend.

BNB/USD chart by TradingView

BNB/USD chart by TradingView

IOTA (MIOTA) Price Prediction

With a total circulating supply valued at $793,405,425, MIOTA is currently trading at 0.28 against the US Dollar and is ranked number 14 according to CoinMarketCap. The digital asset has been trading in a range between $0.20 and $0.40 with immediate support at $0.2415.

It is below the 50 days EMA and the latest move was a drop from $0.33 vicinity into $0.26 so downward pressure is still present. Some of the losses were erased but there is not much bullish pressure and volatility is low, so I don’t expect the pair to move outside its range over the next week.

IOTA/USD chart by TradingView

IOTA/USD chart by TradingView

Dash (DASH) Price Prediction

Standing just behind IOTA at number 15 in CoinMarketCap rankings. Dash has a total circulating supply value of $714,429,658 and is trading near 83 against the US Dollar. It has lost 6.21% in the last 7 days but regained a small 0.52% over the last 24 hours. DASH/USD is contained inside the range created by $60 and $100 levels but recently confirmed the upper boundary of the channel.

The 50 days EMA and the horizontal level at $100 are forming a confluence zone (a place where two or more technical elements are close together) that will be difficult to break. If there is a break of the said zone it will show increased bullish pressure that may lead the token higher. I don’t expect DASH to break the horizontal channel this week but a re-test of $100 is not out of the question.

DASH/USD chart by TradingView

DASH/USD chart by TradingView

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About the author

Thomas Hughes is an executive editor of U.Today. He is a skilled cryptocurrency trader and technical analyst deeply immersed into the cryptocurrency & blockchain technology area.

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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com
Contents

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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