china cryptocurrency blockchain ranking

Latest China Cryptocurrency & Blockchain Ranking Released: EOS Tops the List

China Cryptocurrency & Blockchain Ranking List

  • This index was first released in May 2018. EOS cryptocurrency tops the blockchain ranking list, which it has been holding since June 2018. The recently released 9th CCID Global Public Chain Technology Evaluation Index is the first index released in the New Year 2019. EOS shot to limelight last year when it got tangled into a controversy in November 2019. With evidence, it was suggested at that time that there had been the reversal of some confirmed transactions.  

  • In the latest China cryptocurrency ranking list, Ethereum (ETH) got the second spot. ETH is holding on to the rank on the China blockchain list since December 2018. The most important development for Ethereum is the postponement of its Constantinople hard fork. A smart contract audit firm named ChainSecurity flagged about the vulnerability of the Ethereum Improvement Proposal (EIP) 1283, which could have been vulnerable to hacking attacks. Reports say that the Constantinople hard fork of Ethereum will take place in February 2019.

china cryptocurrency blockchain ranking

  • China’s latest cryptocurrency and blockchain ranking list show that Bitcoin currently holds the 15th position. During December 2018, Bitcoin ranked at 18th position. However, the rank improved three positions to the current 15th spot in the CCID’s Global Public Blockchain Technology Assessment Index.

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Ripple XRP Market Report Q4 2018

Ripple XRP Market Report of 4th Quarter 2018

What are the Highlights of Ripple XRP’s Q4 Result?

By
digging deeper into the report many interesting facts came to light. Some of
them are listed below:

  • If sales of Ripple during fourth quarter of 2018 are considered, it accounted for around 0.24% of the total volume of global XRP.
  • While the outflow of XRP from the cryptographic escrow is 3 billion, the inflow to the escrow is 2.4 billion.
  • The 600 million XRP that didn’t return to the escrow are reportedly used for supporting the XRP ecosystem, which includes RippleNet Accelerator Program as well as Xpring investments such as Securitize.
  • The average daily volume of Ripple XRP is US$585.7 million. It is the highest average daily volume achieved since the first quarter of 2018.
  • Ripple (XRP) is now available for trade at more than 100 cryptocurrency exchanges globally.

Ripple XRP Market Report Q4 2018

Ripple (XRP) Sales

The
total worth of XRP tokens sold by Ripple during Q4, 2018, was US$129.03 million.
Last year, $535.56 million worth of XRP were sold by the company. When Q4 is
compared to that of Q3 in terms of total sales, it is found that there is a
shortfall of around 34.3 million. The total sales came down from US$163.33 million
to US$129.03 million. This decline was mainly because of the institutional
direct sales, which nosedived from US$98.6 million to 40.15 millions.
Programmatic sales have indeed increased significantly from US$65.27 million in
Q3 2018 to US$ 88.88 million in Q4 2018.     

Conclusion

The average daily volume of Ripple (XRP) has increased significantly during Q4. Since Q1 2018, the average daily volume of XRP has reached the highest quarterly average to US$595.7 million. The volatility of XRP is also settling down. In the 4th quarter of 2018, Ripple witnessed the lowest quarterly average, a level last seen during Q4 of 2016.

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Ripple Chinese University Blockchain

Ripple Partners with Top Chinese University for Blockchain Development

Ripple’s Partnership with Top Chinese University for Blockchain Development

Director of international cooperation and development at the Tsinghua University, Ivy Gao, said that the program will provide the selected students an all-round view of the global regulatory policies regarding blockchain technology. He went on to emphasize that this program will help the students in their future research oriented endeavors or career in blockchain technology.

When asked about the partnership and the program, Ripple’s SVP of global operations, Eric van Miltenburg, said:

“The
program’s goal – to provide students with opportunities in blockchain research
– closely aligns with that of Ripple’s University Blockchain Research
Initiative; we’re thrilled to support THUIFR in this endeavor and look forward
to its launch.”

Ripple Chinese University Blockchain

Ripple’s Fund for Academic Research

In June 2018, Ripple announced that it was allocating more than US$50
million for academic research in the development of blockchain by tieing up
with the universities. Reports say since then Ripple has entered into
partnership with 17 universities globally. The company has partnered with
universities in South Korea, India, Europe, Canada, Brazil, Australia, and the
United States.

Conclusion

Educational institutions’ blockchain research projects are receiving funds not only from private companies and organizations but also from government agencies. The US Department of Energy has recently allocated US$4.8 million federal funds for universities that are working on research and development projects, including those that are dedicated to blockchain only.

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Crypto Debit Cards

Crypto Debit Cards to Use across the Globe

5 Crypto Debit Cards that you can Use all over the World

·       
Crypto
Debit Cards in the USA

Bitpay

It has reportedly processed payment of more than US$1 billion during 2018, a deep bearish market. You can use Bitpay for making payments through cryptocurrencies at store or online. The prepaid Visa card of this company is connected to a crypto wallet, which supports instant conversion from BTC and BCH to fiat currency (US Dollars in the US and local fiat currency in other countries).

Shift 

This is another popular cryptocurrency debit card that is becoming popular in the US. It helps users in getting connected to the Coinbase accounts. The only cryptocurrency supported by Shift crypto Visa card is the Bitcoin (BTC). Users can convert Bitcoin core to the US Dollar at free of conversion cost.

Crypto Debit Cards

·       
Crypto
Debit Cards in Europe

Wirex

It is a UK-based startup, which has come up as the most preferred choice of the Europeans. Wirex offers digital as well as physical Visa debit cards. These cards are available throughout the European Economic Area (EEA). Reports say they are planning to introduce the services to both Asian and North American regions. The crypto debit cards of Wirex can be loaded with BTC, ETH, XRP, LTC, and waves. They can be converted to fiat currencies such as US Dollars, Euros, and British Pounds.

Revolut

Revolut is a British company that offers its premium service clients to load 5 major cryptocurrencies in their crypto debit cards. These cryptocurrencies are BTC, XRP, ETH, BCH, and LTC. The customers can convert these cryptos in more than 150 fiat currencies.

Cryptopay

The cryptocurrency debit cards of Cryptopay
are issued only in Russia currently. Cryptocurrencies supported by this company
include BTC, XRP, LTC, and ETH. The company has plans of bringing the crypto
debit cards to Singapore.

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Crypto market

Crypto Market Recovers Yesterday’s Loss, Total Market Cap over US$120 Billion

Today the cryptocurrency market has seen a minor recovery overnight. The US$5 billion bounce back has helped the crypto market recover yesterday’s loss. With the minor recovery, the crypto market capitalization has crossed over US$120 billion.

However, the bounce back is still not so much exciting till now. Most of the momentum in the cryptocurrency market has come from Ethereum, EOS, NEO and Maker.

A Quick Look at the Major Cryptocurrencies of the Crypto Market

  • Bitcoin price has held on to the support level at US$3,600. However, the ‘Bart shaped’ pump has helped the price to bounce back again to the US$3,700 level. For now, Bitcoin’s trading range is maintained. For the last couple of weeks now, Bitcoin is still trading sideways in the 4-hour chart. Bitcoin price has made 15% since the crypto market witnessed a severe dump a month back.

Crypto market

  • Ethereum price has shown good bounceback. It gained 8% on the day, which took the ETH price nearer to US$130. More short term goals are expected as Constantinople hard fork is scheduled tomorrow. With this rapid improvement in ETH price, the lead of XRP is shrinking. The gap of market capitalization has come down to just US$200 million as Ripple (XRP) managed to recover just 2.5% on the day.
  • All the altcoins in the ton-10 list are in green, where the bounce back is led by Ethereum (ETH).
    • The next significant move among the leading cryptocurrencies has come from EOS, which has reportedly gained 6% over the last 24 hours range. The EOS bounce back has moved the price around US$2.45.
    • Other altcoins such as Bitcoin Cash, Litecoin and Tron have also made significant gains in the last 1-day range. All of them have bounced back by 4-5%.
    • The rally today is led by Neo and Maker in the top-20 altcoin list. These cryptocurrencies have gained around 6-8%.
    • Other altcoins that are making significant gains today include Monero, Binance Coin, Iota, and Cardano. They have increased by around 5%.
    • Some lesser-known altcoins such as Quarkchain and Augur are getting a major boost in price today. They have jumped by more than 25% today.
    • The double-digit increase is also witnessed in cases of WAX and Chainlink during the Asian trading session.
  • Some altcoins and stablecoins are still in the red. One such example is ODEM, which has dropped by fractions of a percent.

Conclusion

The overall crypto market has seen a 4% recovery since yesterday. The US$5 billion lost yesterday has been recovered today during the Asian trading sessions. In the range bound channel, the pump and dump culture is still going strong.

 

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Crypto market

US$7 Billion Flows Back into the Crypto Market

Crypto market again moved into the green on Monday. Reports say US$7 billion has flowed back into the digital currency market in the last 24-hours time frame.

Crypto Market Overview

The bounce back of the cryptocurrency market has increased the total market capitalization over US$135 billion. While Stellar (XLM), Litecoin (LTC), Cardano (ADA), and NEO (NEO) are performing extremely well, Ethereum (ETH) is looking sluggish today.

Bitcoin Price Moves above US$4,000 and Holding on to it

Bitcoin witnessed a vertical spike a few hours back. This took place as the big green candle broke through resistance, thereby moving above the US$4,000. Bitcoin price has increased by more than 6%. The best part of the vertical spike is that it has moved the Bitcoin (BTC) price above the US$4,000 level. In fact, Bitcoin price against the US Dollar has successfully held on to the gains above the psychologically strong US$4,000 level. At press time, BTC/USD is trading at US$4,106.7, a level which is comfortably above the US$4,000 level.

Crypto market

Ethereum (ETH) is Going Slow Today, Ripple (XRP) is Closing Gap

Ethereum price is also gaining but at a lot slower pace than that of other leading cryptocurrencies such as Stellar (XLM), Litecoin (LTC), Cardano (ADA), and NEO (NEO). Ethereum (ETH) is currently moving around US$155. Its 1-day range high is US$162.59 and low is US$153.16.

However, Ripple (XRP) is making commendable gains today. Its price is up by almost 2.5% at the time of publishing. This has made XRP close the gap with ETH, in terms of market capitalization.

While market capitalization of Ethereum (ETH) is US$16,066,258,532, the same for Ripple (XRP) is $15,016,139,277. This means the gap of the market cap between the two cryptocurrencies has narrowed down to just over US$1 billion.

Crypto Market Prices – A Quick Review

Majority of the cryptocurrencies are currently in the green. The AltDex 100 Cryptocurrency Index shows that 82% of the altcoins are gaining. In fact, ALT100 (an index of top 100 cryptocurrencies) is up by 3.16%.

The biggest gainers today are:

  • DEX – Increasing by over 42%
  • HOT – Increasing by over 14%
  • BTS – Increasing by over 14%
  • NEO – Increasing by around 10%
  • WTC – Increasing by around 10%

In the top-10 crypto market, the biggest gainers currently are XLM (over 7%), BTC (over 4%), and Cardano (around 2%).

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cryptocurrency market volume

Cryptocurrency Market Volume Report of December 2018 shows Improvement

Cryptocurrency market volume of top 5 most traded cryptocurrencies in December 2018 saw the strongest increase since May 2018. However, month-over-month cryptocurrency volume of other crypto assets, in fact, declined in December 2018.

Top 5 Cryptocurrency Market Volume Gainers in December 2018

  • Tether (USTD) saw a month-to-month cryptocurrency volume increase of around 8.5%. If Tether’s volume change from October 2018 to December 2018 is considered, it’ll be around 66% increase. The total worth of USTD that changed hands in December alone amounts to around US$115.7 Billion. Last month happened to be the strongest trading month during 2018’s second half.
  • Bitcoin (BTC) also saw a volume increase last month. The total volume of BTC exchanging hands in December 2018 amounted to US$157.2 Billion. It happened to be the strongest volume since May 2018.

cryptocurrency market volume

  • In December 2018, Ethereum (ETH) also saw a spike in the volume traded. If the month-over-month volume is considered then ETH has increased by 16% in December. If the increase in ETH volume is considered from October 2018 to December 2018 then it’ll be an increase of 65.5%. December also happened to be the strongest volume of ETH for the second half of 2018.
  • Eos (EOS), the 4th most traded crypto during December 2018, saw an increase in its cryptocurrency market volume from US$24.2 billion in November 2018 to US$25.3 billion in December 2018. December’s trading volume was also the strongest since June 2018. This was a 4.5% increase in month-to-month trading volume.
  • In terms of monthly volume, Litecoin (LTC) held the 6th During December 2018, the cryptocurrency market volume for Litecoin was US$13.2 billion, which was a slight increase than the November 2018 figure of US$13 billion. For LTC, December saw the strongest trading volume during the second half of 2018.

Who were the Losers in terms of Cryptocurrency Volume?

Some of the top losers in cryptocurrency market volume include Ripple (XRP), Bitcoin Cash (BCH), Ethereum Classic (ETC), Dash (DASH), Zcash (ZEC), and many more.

 

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Ripple XRP

Ripple XRP Available on EO.Finance, Binance Lists XRP as a Base Pair

EO.Finance has added Ripple (XRP), the 2nd largest cryptocurrency in terms of market capitalization. In fact, Binance crypto exchange has also added this cryptocurrency as a base currency. It is XRP’s first listing of its kind on a leading cryptocurrency exchange. Tron (TRX) and Zcoin (XZC) will now be traded on Binance exchange in pair with Ripple (XRP).

Ripple XRP and its Availability on EO Finance

Ripple is both an open payment network as well as a cryptocurrency (which comes with a symbol of XRP).

Card payments are not available on EO.Finance. Therefore, you can now purchase Ripple (XRP) cryptocurrency with the help of your cards (either debit card or credit card). As Ripple XRP is available on EO Finance, a wide array of cryptocurrencies can now be exchanged with XRP. In fact, deposit and withdrawal facilities of cryptos are also available on this platform.

Ripple XRP

Ripple (XRP) has tremendous potential as it comes with a strong technological developmental base, especially in the remittance industry. In fact, the technicals are strong too. In fact, XRP’s price has jumped significantly in the last one week. It has emerged as one of the topmost gainers. Ripple (XRP) price against the US Dollar increased by around 50% last week, increasing from US$0.28 to US$0.42.

Despite its immense potential, you will hardly find adequate support for this cryptocurrency in many wallets. That’s why the availability of XRP as EO.Finance is considered as a significant step towards its easy purchase and sell.

EO Finance is a licensed entity, which has European license for both crypto-fiat exchange (#FRK000193) and crypto wallet (#FVR000161). Both Android and iOS users can open an EO.Finance account easily with the browsers and extensions of Firefox and Chrome.

Ripple XRP as Base Pair on Binance Cryptocurrency Exchange

Ripple (XRP) is now available on Binance crypto exchange as base pairs. The leading cryptocurrency exchange will make available two crypto trading pairs with XRP. While one is with Tron (TRX) and the other Zcoin (XZC). The trading pairs will be TRX/XRP and XZC/XRP.

 

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Ripple XRP Price

Ripple XRP Price See Double-Digit Increase, Bull Run above US$0.45

Ripple XRP price against the US Dollar is increasing by over 17%. It has already broken the resistance level at US$0.3905 and is hovering just below the crucial resistance at US$0.45. Will the price of Ripple move above US$0.45 and continue major Bull Run?

24-Hour Ripple XRP Price Movement

Ripple price against the US Dollar (XRP/USD) is currently trading at 0.44472, an increase of 17.05% in 1-day range. While the previous close of Ripple price was US$0.37995, today it opened at US$0.37999. After opening, the price first went down to touch 24-hour low at US$0.37970 and then bounced back to touch 24-hour high at US$0.46669. At press time, the Ripple XRP price is revolving at US$0.444411452, moving precariously close to the crucial resistance level at US$0.45.

Ripple XRP Price

Ripple Price Analysis

Ripple XRP price (XRP/USD) against the US Dollar moved over the US$0.3000 after strong support was created at US$0.2800-level. The XRP price gained momentum after moving above the crucial resistance at US$0.3200 and at the same time the bearish trend line.

Once the US$0.3200 resistance level is breached upwards and the price moves above the 55 SMA (4-hour), many buyers came in to push the price above the US$0.35 level. The Ripple price $0.3900 soon sharply moved upside above the US$0.3900 and 0.4000 resistance levels.

On the 4-hour chart, XRP/USD price broke a key bullish continuation pattern where the resistance is located at US$0.3800. A minor downward correction may take place in the short run towards US$0.4110.

Ripple XRP Price Indicators

  • The 23.6% Fibonacci retracement level of the last rise from the low at US$0.3436 to high at US$0.4325 is located at US$0.4115.
  • The main support level is located at US$0.3905, which was a resistance level earlier. This level is the same as the 50% Fibonacci retracement level of the last rise from the low at US$0.3436 to high at US$0.4325.
  • 4-hours MACD is currently residing comfortably within the bullish zone.
  • 4-hours Relative Strength Index is located near the 75-level.

Conclusion

The Ripple XRP price may get adequate support levels near US$0.4110, US$0.4000 and US$0.3900 if it moves downwards. In case, the price moves upward, the main resistances will be at US$0.4350, US$0.4400, US$0.4500, and US$0.4600.

 

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Ripple Technical Analysis

Ripple Technical Analysis: Bears may win the XRP Price Tussle with Bulls

Ripple (XRP) price is still struggling to gain its momentum back as XRP/USD trades at 0.29589, which is 0.96% above the previous close. In the last 1-week, Ripple price has declined by 7%. Though the XRP price has recovered recently, it’ll be an uphill task for Ripple to hold the momentum. Ripple technical analysis will give you a clearer picture of the on-going tussle between the bulls and bears.

Ripple Technical Analysis: 1-Hour Chart

The one-hour chart of Ripple (XRP) against the US Dollar is showing a downtrend from the US$0.31 to US$0.29 with strong support area formed at US$0.28. Now, let’s check the technical indicators for a thorough Ripple technical analysis –

  • Bollinger Band – A bearish trend can be seen. The candlesticks have started to form below the SMA. The XRP/USD market can witness huge volatility as the bands are seen to be diverging significantly.  
  • Chaikin Money Flow – Currently, the money inflow will be slow, evident from the dropping down of the Chaikin Money Flow (CMF) below the zero line.
  • Awesome Oscillator – It is currently located on the bearish end, indicating an increase in the formation of red bars below the zero line.

Ripple Technical Analysis

Ripple Technical Analysis: 24-hours Chart

The daily chart of Ripple price (XRP/USD) is showing a bearish trend with a clear downtrend from US$0.51 to US$0.29. While strong support is seen at US$0.27, the strong resistance level is seen at US$0.55.

  • Parabolic SAR Extended dotted indicator has clearly formed over the candlesticks. It has pushed them downwards completely, thereby further testing the support levels.
  • MACD – The Moving Average Convergence Divergence (MACD) is moving along the lowest mark currently. The signal lines, as well as the moving averages, are clearly showing a downtrend in the timeline.
  • Relative Strength Index– Oversold mark has been touched by the RSI. More importantly, the index is still continuously moving in the same direction without much progress.

Conclusion

Ripple technical analysis of both the 1-hour and 24-hours charts indicate a strong bearish presence. Strong bearish presence is seen to prevail in the long run, evident from the Parabolic SAR and MACD indicators.

 

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