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Alex Garland on ‘Devs,’ free will and quantum computing – Engadget

Garland views Amaya as a typical Silicon Valley success story. In the world of Devs, it's the first company that manages to mass produce quantum computers, allowing them to corner that market. (Think of what happened to search engines after Google debuted.) Quantum computing has been positioned as a potentially revolutionary technology for things like healthcare and encryption, since it can tackle complex scenarios and data sets more effectively than traditional binary computers. Instead of just processing inputs one at a time, a quantum machine would theoretically be able to tackle an input in multiple states, or superpositions, at once.

By mastering this technology, Amaya unlocks a completely new view of reality: The world is a system that can be decoded and predicted. It proves to them that the world is deterministic. Our choices don't matter; we're all just moving along predetermined paths until the end of time. Garland is quick to point out that you don't need anything high-tech to start asking questions about determinism. Indeed, it's something that's been explored since Plato's allegory of the cave.

"What I did think, though, was that if a quantum computer was as good at modeling quantum reality as it might be, then it would be able to prove in a definitive way whether we lived in a deterministic state," Garland said. "[Proving that] would completely change the way we look at ourselves, the way we look at society, the way society functions, the way relationships unfold and develop. And it would change the world in some ways, but then it would restructure itself quickly."

The sheer difficulty of coming up with something -- anything -- that's truly spontaneous and isn't causally related to something else in the universe is the strongest argument in favor of determinism. And it's something Garland aligns with personally -- though that doesn't change how he perceives the world.

"Whether or not you or I have free will, both of us could identify lots of things that we care about," he said. "There are lots of things that we enjoy or don't enjoy. Or things that we're scared of, or we anticipate. And all of that remains. It's not remotely affected by whether we've got free will or not. What might be affected is, I think, our capacity to be forgiving in some respects. And so, certain kinds of anti-social or criminal behavior, you would start to think about in terms of rehabilitation, rather than punishment. Because then, in a way, there's no point punishing someone for something they didn't decide to do."

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This Surprising Altcoin Dominates Crypto Trading Volume, Second Only to Bitcoin – Bitcoinist

The altcoin known as Chainlink, or LINK, was last years top-performing crypto asset, even beating out Bitcoin by a large margin. The cryptocurrency also beats nearly the rest of the market, sans only Bitcoin, in true reported cryptocurrency trading volume, according to new data.

Chainlink may not even be in the top ten cryptocurrencies by market cap at this point, trailing behind Tezos, but its crushing nearly every other cryptocurrency in overall trading volume across cryptocurrencies exchanges, according to Messari crypto market data.

The evelenth-ranked crypto asset is currently trending ahead of the likes of number two and three crypto assets Ethereum and Ripple.

Related Reading | Bitcoin Still The Best Performing Asset of the Past year Despite Chilling Crash

LINK saw over $130 million in trading volume on April 13th, compared to just $118 million in Ethereum. LINKs trading volume nearly doubles that of XRP at $77 million. Chainlinks trading volume is also equal to that of Binance Coin, EOS, Tezos, Bitcoin Cash, and TRON combined.

The only cryptocurrency that Chainlink falls behind, is Bitcoin the first-ever cryptocurrency.

Bitcoin enjoys first-mover advantage, giving it enormous market dominance. Its also the most regulated of the cryptocurrency assets, giving it more acceptance and prominence amongst high wealth institutional traders and hedge funds.

Considering that Chainlink beats out other more widely accepted and utilized altcoins like Ethereum and XRP, it shows just how popular the asset has become with retail crypto investors and traders, who have become enamored by the asset regularly providing substantial returns.

During 2019, Chainlink rose by over 1,400% to close out the year as a top-performing altcoin. The asset started off the year strong, even setting a new all-time high even during peak coronavirus fear and panic.

The chaos eventually overwhelmed even LINK, which fell by over 70% to nearly $1. On some crypto exchanges, the asset flash crashed during the selloff to nearly zero, before making a sharp recovery.

Related Reading | Macro Factors Signal That Crypto Bottom Is Not Yet In

Now that some of the public panic has calmed, Chainlink has been showing a strong recovery, revisiting local highs but falling short of setting a new one.

The absolute monster of a cryptocurrency, however, may experience some significant downside in the near term. After setting a lower high, the asset has since triggered a TD 9 sell signal on daily timeframes across both the USD and BTC trading pairs.

The signal, created by market timing expert and math god Thomas Demark, has repeatedly proven extremely accurate in the crypto market, even calling Bitcoins recent top above $7,400. It also accurately called Bitcoins bottom at $3,200 and the top at $20,000.

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This Surprising Altcoin Dominates Crypto Trading Volume, Second Only to Bitcoin - Bitcoinist

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Ripples XRP Was The Worst-Performing Altcoin In Q1 2020, Report Finds – ZyCrypto

Down by more than 10% at the end of the first quarter of 2020, Ripples XRP turned out to be the worst-performing altcoin among the top 25 cryptocurrencies.

A recently-published report by Messari shows that the reduction in XRP sales by Ripple has not helped revive the coins battered prices.

Of the top 25 cryptocurrencies, save for bitcoin, Ripples XRP performed the worst during the first quarter of this year. The cryptocurrencys price dropped from around $0.1931 on January 1 and closed at $0.1737 on March 31, marking a decline of over 10% throughout the quarter.

Messari, a major blockchain and crypto research firm, pointed out that this poor performance came in spite of the many alliances that Ripple forged during the quarter. The blockchain payments firm partnered with several companies that will use the On-Demand Liquidity (ODL) solution which leverages XRP cryptocurrency.

Messari also observed that the BitMEX exchange launched its very first XRP perpetual swap contract that gave the crypto-asset exposure in one of the most liquid cryptocurrency exchanges in the crypto space.

Regardless, XRP became the worst-performing top-25 altcoin in Q1 2020.

Ripple has long endured criticism over its XRP sales. The fintech firm, however, dramatically reduced its quarterly sales last year in a bid to maintain a conservative approach.

For instance, Ripple sold 13.1 million XRP in Q4 2019, compared to 66.2 million sold in the third quarter of the same year representing an 80% decrease. The company also paused programmatic sales en masse due to persistent reports of inflated volumes.

Nonetheless, Messari found that these efforts have proved ineffective so far. XRP has continued on a downtrend and remains stuck below its January 2018 all-time high of approximately $3.80.

Messari also cites the comments made by Ripple CEO Brad Garlinghouse during the first quarter of 2020 where he basically proclaimed that if it were not for the XRP sales, the firm would not be profitable.

Looking forward, the analytics firm argues that the ongoing class-action lawsuit against Ripple regarding whether XRP should be classified as a security or not will march on for the foreseeable future.

Ripples motion to dismiss the lawsuit was dismissed by Judge Phyllis Hamilton in late-February.

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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto.This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

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HTC Exodus to Offer Monero Mining – Business Partnerships – Altcoin Buzz

HTC, the Taiwanese electronics giant, is set to enable Monero (XMR) cryptocurrency mining through its blockchain smartphone, Exodus. It is set to partner with the ASIC chip design company, Mida Labs, for this initiative.

According to an announcement on April 10, this is a giant stride for HTC as this is the first instance of bringing crypto mining to the mobile phone space.

HTCs partner in this venture, Mida Labs are the developers of DeMiner, an app to enable mining activities on mobile phones. The app, however, is set to be available for download by 2020 Q2.

The DeMiner app is similar to desktop computers due to its hash rate ability. However, it holds the edge as it consumes lesser energy, thereby making it cost-effective.

Speaking on the occasion, Phil Chen, the decentralized chief officer at HTC, voiced his concern about how the giant mining pools are dominating hash rate. According to him, making mining accessible for the masses through mobile was the answer.This app makes smartphone mining cost-efficient, which gives incentives to individual miners and helps to decentralize the network, he said.

And an effective way of achieving this is included in the app design. As a result, it can automatically inactivate mining irrespective of the phone being in use or the charger in an unplugged state.

According to Dr. Jri Lee, the founder and CEO of Midas Labs: We developed the DeMiner App such that a smartphone will have a hash rate comparable to a desktop while consuming much less power. This enables mobile devices to be suitable for cryptocurrency mining (in a plugged-in state) for the first time. Starting from the open-source framework, we restructured and optimized mining for mobile.

Dr. Lee further expanded on the apps energy-saving advantages. He explained that Exodus 1S users would be able to mine at least $0.0038 of XMR per day on average. And to sweeten the deal, electricity cost would be just half of that.

HTC has been a pioneer in the integration of blockchain into the mobile phone arena. It had launched its Bitcoin-enabled smartphone, Exodus S1 in October 2019.

Reportedly, Phil was quoted saying: Bitcoin and mobile phones are the most important and impactful technology inventions of recent times. Feeling privileged for his frontline involvement with both technologies, he outlined the core values they shared decentralization and a more inclusive monetary system.

HTC recently installed a built-in crypto wallet in their Exodus smartphone, called Zion Vault. Also, last month, it partnered with Kyber Network to bring crypto-to-crypto trading facilities to users.

This latest development of introducing cryptocurrency mining further highlights HTCs commitment towards driving blockchain integration in smartphones on a higher scale.

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Litecoin LTC price faces headwind, but gains may be on the horizon – Cryptopolitan

The market has entered another round of sideways movement shortly after Bitcoin peaked at about $7,200 yesterday. Now, as the apex cryptocurrency trades at $6,806, the losses are echoed among almost all the top 100 altcoins. Litecoin, however, is actually up slightly after experiencing a decline from almost $46 yesterday to where it is currently trading at $42.12, an increase of just less than half a percent (0.44 percent).

As Alex Clay explains, the Litecoin LTC price has been falling in a descending channel. If the LTC price can reach the resistance level, and assuming we see a confirmed retracement from there, he recommends opening a short position. On the other hand, another potential short position would be if the Litecoin LTC price makes a confirmed retracement from where its trading at the time of writing.

Litecoin LTC price chart by Trading View

Alternatively, Moon333 has provided a different analysis. As explained, Litecoin is forming a new bullish harmonic shark pattern but will soon enter a potential reversal zone. Therefore, the recommended buying zone has been set between $41.14 and $40.69, with the latter being used as a stop loss. If we see the price make a reversal, the trader recommends selling between $41.66 and $42.70.

Litecoin LTC price chart by Trading View

Another major altcoin, XRP has taken a blow as a recent report from Messari reveals Ripples cryptocurrency to be the worst-performing cryptocurrency in the first quarter of 2020, excluding Bitcoin. XRP began the year at $0.1939 and ended the quarter at $0.1740, a decline of 10.26%.

Its unfortunate price-performance stems from several partnerships Ripple has made in an attempt to leverage its liquidity platform, On-Demand Liquidity. At the time of writing, the XRP price is up 0.32 percent to $0.1868.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

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Cryptocurrency Market Update: Bitcoin breakdown to $6,000 awaiting confirmation, Ethereum and Ripple in consolidation – FXStreet

The cryptocurrency market is facing heightened volatility after a four-week winning streak culminated in a bearish momentum over the week. At the time of writing, the bulls who dominated the market during the Asian hours are slowly being ousted and sellers taking over. Expanding volatility, especially for the major cryptos points at a major drawback is around the corner.

BTC/USD is trading at $6,846 after adjusting from $6,862 (opening value). During the Asian session, Bitcoin buyers stamped down their feet as they pulled the price towards $7,000. However, a high reached at $6,832 marked the end of the bull-run. Looking at the 4-hour chart, BTC/USD is dancing below a bearish pennant pattern whose support was shattered over the weekend following the retreat from $7,500 to $6,575. Unless Bitcoin bulls pull above $7,000, a bearish cloud will continue to hang above BTC and threaten to have support at $6,000 retested. For now, the price is dancing between the 100 SMA support and the 50 SMA resistance.

ETH/USD continues to struggle with increased selling activities at $160. Little progress has been made northwards from $156.77 (opening value). Instead, ETH/USD is trading at $156 amid a bearish trend and expanding volatility. It is apparent that Ethereum has to break the resistance at $160 to be able to forge another breakout above $170.

XRP/USD happens to be the worst-hit among the top three cryptos. It has lost over 2% on its value on the day. Ripple has a market value of $0.1842 after adjusting from $0.1880 (opening value). While support at $0.1800 is still in place, resistance at $0.1900 is proving to be an uphill task. However, another break above $0.20 will give the bulls a fighting chance towards $0.30.

The Chinese government has released the list of members making up its blockchain committee. The committee is tasked with coming up with industrial blockchain standards. It is made up of 71 members and interestingly, executives members from Chinese tech firms been included such as Baidu and Tencent, and Huawei. The committee is chaired by the country's Ministry of Industry and Information Technology (MIIT) deputy minister Chen Zhaoxiong assisted by five vice presidents.

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FBI Expects a Rise in Scams Involving Cryptocurrency Related to the COVID-19 Pandemic FBI – Federal Bureau of Investigation

Fraudsters are leveraging increased fear and uncertainty during the COVID-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem.

People of all ages, including the elderly, are being victimized by criminals through cryptocurrency-related fraud schemes. Developments in cryptocurrency technology and an increasing number of businesses accepting it as payment have driven the growing popularity and accessibility of cryptocurrency. There are not only numerous virtual asset service providers online but also thousands of cryptocurrency kiosks located throughout the world which are exploited by criminals to facilitate their schemes. Many traditional financial crimes and money laundering schemes are now orchestrated via cryptocurrencies.

The FBI advises you to be on the lookout for an increase in the following cryptocurrency fraud schemes related to COVID-19:

Blackmail Attempts. Threatening emails or letters in which scammers claim to have access to your personal information or knowledge of your dirty secrets and demand payment in Bitcoin to prevent release of this information have been circulating for years. With the advent of COVID-19, there is a new twist on this scam. The correspondence claims that the writer will both release your information and infect you and/or your family with coronavirus unless payment is sent to a Bitcoin wallet.

Work from Home Scams. Scammers, posing as employers, may ask you to accept a donation of funds into your own bank account and to deposit them into a crypto kiosk. The so-called donation is likely money stolen from others. Your acceptance and transfer of the stolen money is considered illegal money mule activity and potentially unlicensed money transmission.

Paying for Non-Existent Treatments or Equipment. Scammers have been known to lure customers from trusted e-commerce sites offering products that claim to prevent COVID-19 onto unrelated and unregulated messaging sites to accept payment in cryptocurrencies for products that do not actually exist.

Investment Scams. Criminals often pitch fraudulent investments in a new and developing cryptocurrency, such as an initial coin offering (ICO) or other investment vehicle to take a victims money. These scams typically involve scenarios that seem too good to be trueoffering large monetary returns for a short-term, small investment. The reality is that scammers steal the investment money for personal use and utilize the complexities of cryptocurrency to hide the true destination of the stolen funds.

Although there are legitimate charities, investment platforms, and e-commerce sites that accept payment in cryptocurrency, pressure to use a virtual currency should be considered a significant red flag.

By remembering the following tips regarding finances and cryptocurrency, you can better protect yourself from fraud:

The FBIs Criminal Investigative Division has an entire team dedicated to preventing and combating cryptocurrency money laundering and frauds. If you believe you are the victim of a fraud, or if you want to report suspicious activity, please contact your local field office or visit the FBIs Internet Crime Complaint Center at ic3.gov.

For accurate and up-to-date information about COVID-19, visit:

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FBI Expects a Rise in Scams Involving Cryptocurrency Related to the COVID-19 Pandemic FBI - Federal Bureau of Investigation

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MCS, Robust Cryptocurrency Derivative Trading Platform, Launches Its TestNet on April 13 – PRNewswire

SINGAPORE, April 14, 2020 /PRNewswire/ -- A global cryptocurrency derivatives trading platform MCS (mycoinstory.com) has announced the launch of its TestNet on April 13. MCS, headquartered in Seychelles, is the next-generation cryptocurrency derivatives trading platform consists of finance and cryptocurrency experts.

A perpetual contract, which has the highest trading volume in the cryptocurrency market, allows traders to capitalize on the rise and fall of asset prices. Therefore traders can profit even in the bear market while at the same time use leverage to control a larger amount of equity in the market.

MCS introduces an innovative 'multi-position' function, which allows traders to manage three positions in one account at once. This unique asset management function shares one order bookkeeping the liquidity of the multiple positions in one place providing a robust trading experience. The 'multi-position' function expands the horizon from having one or two positions to being able to manage a total of three different positions at the same time. With this function, traders can diversify their trading strategies through hedging and speculating with different leverage for each position.

The industry has demonstrated instabilities in the systems, especially in the mark price, a reference price of a derivative, which is used as the trigger for liquidation. Many exchanges in the market currently adopt the BTC/USD trading pair, however, since there are only a limited number of exchanges that handle the BTC/USD trading pair, the lack of liquidity and reference points lead to an increased likelihood of resulting in unnecessary liquidations from systematic errors. At MCS,BTC/USDT trading pair is used to protect traders from these kinds of circumstances.

Dong Wook Seo, CEO of Rade Lab Inc., the developer company of MCS, said that "as you can see from the slogan, #Be_a_Trader, MCS has a great mission to provide a real 'trading' experience through various functions and training materials."

Dong Wook Seo is also an adjunct professor in the Department of Blockchain at the graduate school of information and telecommunications at Konkuk University. He had worked at Meritz Securities and Coinone COO, which is one of the top 3 exchanges in South Korea, and founded blockchain companies R2V Inc., and Rade Lab Inc.

In commemoration of the TestNet launch, various events will be held for traders around the world for 4 weeks starting from April 13th. The events are Bug Bounty, BTC/USDT Perpetual Mock Trading Competition, and Early Bird Registration for traders to experience first-hand the robust platform. Also, traders who successfully participate in the event will receive a lifetime 40% off on trading fees.

MCS Bug Bounty- April 13, 2020 -May 4, 2020- Reward: Up to 100 USDT worth BTC Bonus

MCS BTC/USDT Perpetual Mock Trading Competition-April 20, 2020 - May 4, 2020- Reward: Up to 2,400 USDT worth BTC Bonus

MCS Early Bird Registration- Details TBA

For more information, please visit the MCS website andits official blog, or email [emailprotected].

Related Images

mcs.png MCS #Be_a_Trader

Related Links

MCS TestNet

MCS Official Blog

SOURCE MCS

https://blog.mycoinstory.com

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Reddit is finally adding cryptocurrency, screenshots show – Decrypt

Discussion forum Reddit appears to be building a points system that runs on a blockchain, according to a video posted by one Redditor.

Redditor MagoCrypto, who according to his profile is a community manager at Unstoppable Domainswhich builds censorship resistant websitesuploaded the video yesterday. It appears to show a beta implementation of the system.

Screenshots show a wallet, which comes with a blockchain address. Image: Reddit.

"I opened my app yesterday morning and saw the 'wallet' menu option. Went through it, saw 'blockchain' and got super excited to share with rest of y'all," MagoCrypto wrote on Reddit.

A Reddit spokesperson told Decrypt that it is testing a blockchain-based feature but only for one community.

"We continuously experiment with ways to support communities on Reddit. In this instance, were working with one community to test a feature that represents a users involvement in a community. We value and seek out community feedback as we continue to explore features that engage our users and communities, the spokesperson said.

According to the screenshots, the main feature is a cryptocurrency wallet where the user can collect points. But each user will have their own blockchain address where they will be able to see their points.

The FAQ gives some more clues as to what's coming. Image: Reddit.

It appears that these points will have some value. In the frequently asked questions, there is a section called "Tipping and Transfers." This suggests that the points can be sent to other Redditors and will have value, probably as cryptocurrency. It is unclear whether these points can be sent outside of the Reddit app.

It is possible the points will have futher functionalities in the Reddit ecosystem. Other questions involve memberships and voting, implying that they could be used to contribute to Reddit's development.

Reddit has long been a popular source of information for cryptocurrency projects. It is home to many crypto communities, with r/Bitcoin boasting 1.4 million members and r/Cryptocurrency with 994,000. But so far, it has held off on implementing a blockchain-based system. Maybe the crypto-loving Redditors have good karma after all.

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Cryptocurrencies Price Analysis: Bitcoin, Ethereum, and Ripple Where Are They Heading? – Coingape

The market cap for the entire cryptocurrency industry dropped by a total of over $10 billion during just the past few days, largely driven by Bitcoin dropping back beneath $7,000 to reach the current $6,773 trading price.

This week will be extremely important for Bitcoin (and the rest of the market) because a drop beneath the $6,700 level could cause Bitcoin to unwind toward the $6,000 level. However, with the Bitcoin block halving only 27 days away, it is unlikely that Bitcoin should stay beneath $7,000 for too long.

BTC/USD Daily CHART SHORT TERM

Looking at the daily chart above, we can see that Bitcoin ran into resistance at the $7,400 level last week which caused the cryptocurrency increase to stall and reverse. It went on to drop back beneath $7,000 until finding support at the $6,800 level which had provided strong resistance in March 2020 (now turned to support).

In todays trading session, Bitcoin dropped further beneath this support as it dropped as low as $6,550. It has since recovered slightly as it attempts to remain above the .236 Fibonacci Retracement support at $6,765.

Bitcoin is still considered as neutral at this moment in time but a close beneath $6,765 would turn it bearish in the short term.

If the sellers do push lower, the first level of support is expected at $6,500. Beneath this, support can be found at $6,320 (.382 Fib Retracement), $6,000 (.5 Fib Retracement), and $5,600 (.518 Fib Retracement).

On the other hand, if the bulls rebound from the current $6,765 support, the first level of resistance is located at $7,000. Above this, resistance lies at $7,174, $7,400, and $7,676 (1.618 Fib Extension).

The RSI has recently dipped beneath the 50 level to show that the momentum is starting to shift back into the bearish favor. If it continues to dip lower this will indicate that the bearish momentum is increasing and we can expect further declines.

ETH/USD Daily CHART SHORT TERM

Ethereum managed to climb as high as $176 in last weeks trading period as it ran into resistance at a short term 1.414 Fibonacci Extension level. It went on to reverse from here as it dropped into support at $160.

In todays trading session, we can see that ETH has fallen further lower from $160 to reach the current support at $154 which is provided by a .236 Fibonacci Retracement level.

Etheruem is also considered to be neutral right now and would still need to break beneath $140 before we can consider it to be bearish. It would need to close above $180 to be considered as bullish in the short term.

If the sellers do push ETH beneath the current $154 support, we can expect immediate support at $150. Beneath this, added support lies at $142 (.382 Fib Retracement), $132 (.5 Fib Retracement), and $122 (.618 Fib Retracement).

On the other hand, if the bulls can hold $155 and push higher, resistance lies at $160, $172, $176, and $187.

The RSI is still trading along with the 50 level as indecision looms within the market. If it does drop beneath 50 we can expect the bearish pressure to increase and ETH to fall beneath $150.

XRP/USD Daily CHART SHORT TERM

Looking at the daily chart above, we can see that XRP managed to climb as high as $0.20 in last weeks trading session. However, it was unable to overcome this resistance, provided by a bearish .382 Fibonacci Retracement level, causing the market to roll over and fall.

It dropped as low as $0.18 today but has since recovered slightly to trade above the .236 Fibonacci Retracement support at $0.184.

XRP remains neutral until it can break above the $0.20 level. A break beneath $0.17 would likely turn XRP bearish in the short term.

If the sellers push lower, support can be found at $0184 (.236 Fib Retracement), $0.18, and $0.17 (.382 Fib Retracement). Beneath this, support lies at $0.159 (.5 Fib Retracement) and $0.147 (.618 Fib Retracement).

On the other hand, if the bulls regroup and push higher, the first level of resistance is located at $0.2. Above this, resistance lies at $0.211, $0.22, and $0.229 (bearish .5 Fib Retracement).

The RSI is also trading at the 50 level as indecision is seen within the market. If the RSI can remain above 50, this will be a very promising sign for the XRP bulls.

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Cryptocurrencies Price Analysis: Bitcoin, Ethereum, and Ripple - Where Are They Heading?

Description

Bitcoin saw a sharp 6% price drop this week as it breaks beneath $6,800 again.Ethereum witnessed a 4% price decline after rolling over at $172 to reach the current $155 trading price.Ripple saw a small 2.3% price drop as failed to break above $0.2 to reach $0.186.

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Yaz Sheikh

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Coin Gape

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