cryptocurrency market altcoin news

Cryptocurrency Market News: Cryptos Rebounding, EOS Moves to 4th Spot

The cyrptocurrency market today rebounded and moved above the resistance level at US$110.00B. At press time, 98% of the top 100 altcoins in the ALT100 index are in the green.

Crypcurrency Market News – Movers & Shakers in the Rebounding Market

The largest cryptocurrency in terms of market capitalization, Bitcoin (BTC), is increasing at over 6% rate. At press time, BTC/USD price is trading at US$3561.9, thereby crawling closer to the crucial resistance at US$3,633 level. A sharp rally is seen in case of Ripple, Ethereum, and Bitcoin Cash cryptocurrencies too.

Many cryptocurrencies are also increasing at a double-digit rate. In the top-10 cryptocurrency market list, the cyrptocurrencies that are showing a phenomenal increase are –

  1. Ripple (XRP): Increasing at almost 15% rate
  2. EOS (EOS): Increasing at almost 24% rate
  3. Stellar (XLM): Increasing at over 12% rate
  4. Cardano (ADA): Increasing at almost 11% rate

cryptocurrency market altcoin news

Other altcoins that are increasing at a double-digit rate in the top-100 cryptocurrencies are:

  • IOTA (IOT)
  • DASH (DASH)
  • Dogecoin (DOGE)
  • Qtum (QTUM)
  • Ontology (ONT)
  • DigiByte (DGB)
  • ChainLink (LINK)
  • Pundi X (NPXS)
  • Holo (HOT)
  • BitcoinPrivate (BTCP)
  • Waltonchain (WTC)
  • HyperCash (HC)
  • MOAC (MOAC)
  • Loopring (LRC)
  • Monacoin (MONA)
  • Dragonchain (DRGN)

However, the most impressive show was put by EOS, which at one point of time was rallying at over 30% and the EOS/USD price jumped above the resistance level at US$2.50.

Cardano (ADA) successfully moved above the strong resistance levels at US$0.0300 and US$0.0320. At one point of time, prices of Stellar and Dogecoin shot up by over 15% and 20% respectively.

Altcoin News – EOS has Moved to 4th Position by Overtaking Litecoin, Tether, and Stellar

EOS struggled a lot below the strong resistance level at US$2.00. Once it moved above this level, the EOS price gained pace and broke other resistances at US$2.20 and US$2.50. It rallied towards US$3.00 but now consolidating over the crucial support at US$2.40. At press time, EOS/USD price is trading at US$2.45. After this phenomenal performance, OES has jumped to 4th position in terms of market cap, which stands at US$2,179,644,023 (at ALT100 index).

 

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altcoin ico rush

Altcoin Price Analysis: A $250 million Gap for a Tron–Monero Flip

The main reason why the revival of altcoins is controlled by how the Bitcoin price ticks is because of the Bitcoin-altcoin coupling. As of now, Bitcoin is experiencing winter, which means that altcoins are experiencing winter too. The prices of EOS/USD and TRX/USD are both trending below key support levels.  This is despite support for EOS dApps have been provided by Ledger Nano S.

Let’s take a look at how the altcoins are doing:

altcoin ico rush

Altcoin Price AnalysisD

The price of EOS is currently resting at fifth, however, its volatility is low shedding at 1.2% in the past 24 hours. However, the trade plan for EOS/USD is still valid. Investors can still unpack EOS at spot prices and be on the wait until the price would shrink to $1.5 before starting to grab buying opportunities on pull backs, as long as EOS remains to be trading lower than $4.

 

Altcoin Price Analysis: LTC/USD

As of the moment, Litecoin is in the red area. The same as before, sellers are still in charge. However, the chances of LTC bouncing back towards $40 is high. You will see this at spot prices and if you factor in volumes and ranges of weekly trade. It’s recommended that traders should hold off from unloading their goods at spot prices. If traders of this altcoin would be patient, they’ll experience gains sooner or later.

 

Altcoin Price Analysis: XLM/USD

As long as this altcoin stays inside the 15 cents range, especially with the supports at 15 cents and the resistance at 30 cents, then XLD/USD may stay stable. The sell momentum for XLD/USD is picking these past few days. The high volume losses during November 14 – 15, 2018 bulls are reversed.

There’s reason to be optimistic because the prices are down by 85% from the peaks of 2017. If you look at Fibonacci retracement rules, pull backs towards 23.6% and 38.2% levels is possible.

 

Altcoin Price Analysis: TRX/USD

The decline of this week didn’t spare this altcoin. TRX/USD is still down by 28%, even with the superior transactions and Justin Sun shills. It’s still $250 million away from taking the 10th spot from Monero. This is even though the cap may be able to widen if a couple of drops would confirm the bear breakout lower than the lows of August.

If you look at previous price analysis, the ones in control are the bears.

 

Altcoin Price Analysis: IOT/USD

IOT/USD is technically bearish, in fact, it’s one of the top losers these past few days. It’s down by 26% this week. The prices finding support at 30 cents.

 

Do you think these altcoins can recover? Share your thoughts in the comments below.

You can also join our discussions on:

Instagram: @icorush_official

Twitter: @IC0rush

Reddit:  u/Irushrating

 

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Altcoin Price

Altcoin Price – Technical Analysis Roundup for November 22, 2018 Trading

Most of the cryptocurrencies in the top 100 altcoins are currently hovering in the green. However, technical charts of altcoin prices show that most of the cryptos are still below the main support levels. Losses are deep after the huge crypto market correction in the last one week. Altcoin price recovery is still a tall order.   

Altcoin Price – What’s going on Currently?

ALT100 index, at press time, is up by 2.23%. In the top 100 cryptocurrency list, 89% of the altcoins are in the green. It seems a rebound is taking place. However, the gains will be short-lived if the altcoin prices can’t break above the key resistance.

Technical Analysis Roundup of Key Altcoin Prices

In today’s technical analysis roundup of altcoins, the following cryptocurrency-Fiat Currency pairs will be discussed –

  1. XLM/USD (Stellar-US Dollar)
  2. ADA/USD (Cardano-US Dollar)
  3. EOS/USD (EOS-US Dollar)

Altcoin Price

Stellar (XLM)

Stellar is a resilient cryptocurrency, just like Ripple (XRP). With more and more investors expecting its Coinbase listing anytime soon, it has been able to soak the market shocks. Since last week, XLM-USD pair is down by around 24%. However, in the last 24 hours, XLM/USD is up by 2% and trading above 15 cents.

It’s currently trading at 0.20271, where 20 cents is acting as strong support. November 14 low at 22 cents will also act as a strong resistance area. Losses can be expected if Stellar price closes below 15 cents. Once the price is above 15 cents, the aggressive buyers can buy with 30 cents as the target. However, the support level hints at underlying bull momentum. Significant gains are expected above the 30 cents level.

As the market is in a volatile condition, it’s suggested that a wait-and-watch approach can be followed till there’s a breakout in any single direction.

Cardano (ADA)

ADA/USD price is still in an unconvincing area. When seen at the lower time frame, Cardano price is stable. However, in the weekly time frame, it’s showing a huge loss. After the November 19 crypto market meltdown, Cardano-US Dollar price is trading at new lows. If you are tempted to leave at spot prices, refrain from doing so. A potential price expansion may take place towards the 5.3-6 cents zone as a Doji Bar can be seen in yesterday’s chart. Some fundamentally good news is there for the Cardano traders. IOHK is reportedly planning to register in Wyoming as a US company.

EOS (EOS)

EOS is among those few altcoins whose price seems to be stable in the last day. However, the technical chart shows a bearish pattern developing. There are high chances of double-digit breakout downwards, thereby breaking important supports. In fact, these breakouts are accompanied by high volumes. Losses can be expected in the coming days.

Yesterday, EOS/USD pair closed below US$4 support level. Therefore, sellers may unload at spot prices. Traders are recommended to sell at spot prices by keeping US$4.2 (November 20 high) as a potential stop. The first targets in such a scenario will be US$1.5.

 

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Dash Cryptocurrency

Dash sets New Record of Most Transactions in a Single Day

Dash (the 11th largest cryptocurrency by market cap in the Alt100 index currently) has created a new record for making the most number of transactions withina 24-hours time span.

Dash Crypto Creates a New Record

The Dash team successfully executed more than 3.5 million transactions in a single day. The most important thing to note is that this huge volume of transactions took place without any network congestion.

Reports say the total number of transactions (in 24 hours) executed by the Dash Team has surpassed the previous records set by other leading cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Bitcoin Cash. The last record of most number of crypto transactions in a single day was held by Bitcoin Cash. The last record was 2.1 million transactions in the 4-hours time span.

Dash Cryptocurrency

The stress test was held by the Dash Team on November 11, 2018, on the Dash network, confirming the new record. The concerned stress test was a community-driven one, testing the maximum stress that the blockchain can successfully take. The entire stress test was live on the stresstest.mydashwallet.org.

What’s the Official Statement of Dash?

Dash’s Director of Media & PR, Mark Mason, said the Dash Team had carried out a stress test a few months back (in July 2018) when they were able to successfully make 700,000 transactions in 24-hours. Within 4 months from the last stress test, their team has achieved a record 3.5 million transactions in a single day, which is 5-times than that of the previous attempt.

In a tweet, Mark Mason thanked “Delta engine and MyDashWallet” for successfully carrying out the test. He also congratulated the team for setting “a new record and all-time high the number of transactions achieved by a Bitcoin-based blockchain.” He went on to say that the stress test was conducted not to brag about it but to push the limits of the blockchain, identify the problem areas, and improve them.

 

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Bitcoin Retracing

Bitcoin Retracing, Altcoins Outperforming BTC

Today’s technical analysis of Bitcoin is showing that BTC is retracing and there’s a clear sign of staying within the triangle pattern. The bull market still has to wait for some more time to break outside the triangle pattern. However, traders should not be gloomy as the altcoins are outperforming the expectations and bringing smart gains to the market.

A Snapshot of Today’s Market – Movers and Shakers

Bitcoin, the cryptocurrency market leader, is witnessing a retracement trend in the Bitcoin price. However, over the weekend, the altcoins outperformed the cryptocurrency leader. Altcoins are keeping their momentum going even today and showing good returns.

One such top-10 altcoin that has been showing two-digit growth is Ripple (XRP). It has increased by 15% today. At the time of going to press, XRP/USD pair was trading at $0.535905, a 15.5% increase in the last 24 hours.

Some of the other top 100 altcoins that are seeing significant price increase over the last 24 hours include Stellar (5.48%), TRON (4.09%), MaidSafeCoin (6.14%), WAX (8.85%), and MonaCoin (3.27%).

Bitcoin Price Retracing

Bitcoin retracement is reportedly taking place on low volume. This shows that there may still be some strength left behind the crypto market leader. The triangle pattern within which the Bitcoin price is moving has been there since March 2018. Though there are strong signals that BTC price has bottomed out at US$6,000, still the well-expected triangle breakout hasn’t taken place.

Altcoins have clearly outperformed Bitcoin. However, it has not been able to move the overall market significantly. This is mainly because the total market capitalization of Bitcoin is over 52%. That’s why the price movement of BTC has a tremendous effect on the price movement of most altcoins and ultimately on the overall market.

Technical Analysis

In the BTC/USD hourly chart, bearish divergence was clearly visible just before the retracement took place. During the bearish divergence, BTC/USD price formed a higher high but RSI formed a lower low. This clearly shows that the buying pressure is falling off. Since then lower high series are formed by the BTC/USD pair. However, some consolidation of the BTC price is visible as the recent low is higher.

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Price of Altcoin

Price of Altcoin – Litecoin Top Performer, Stellar Inching Higher

Price of altcoin is back in the green. Leading the race is Litecoin (LTC/USD), which has gained 6% in the last 24-hours. With the probability of Stellar getting listed on Coinbase getting higher (after BAT expected support), its volume has shot up significantly high. Analysts believe the expected gains of altcoins will continue throughout this week.

  • Price of Altcoin – Litecoin (LTC/USD)

Litecoin is one of the leading performers in the top-10 altcoins. October 29’s losses were comprehensively reversed due to higher rate of market participation. Now, the Litecoin price against the US Dollar (LTC/USD) has increased by 6%. Though minor resistance trend lines (connecting highs of last 2 months) are present, there are high chances of them being broken by the Litecoin price surge. Bulls are expected to recoup the October 11 losses during this period of LTC/USD price surge. Traders can buy at spot with stops at US$50 and expect a bull run till US$70.

  • Price of Altcoin – Stellar (XLM/USD)

Over the weekend, Stellar has shown excellent performance. This has increased the probability for XLM/USD to reach higher highs. Amazing gains after Friday, followed by price confirmation has increased hopes of the market of an impending bull run. However, 25 price is a strong resistance point. Strong gains can be witnessed above this mid-range resistance level. If you are an aggressive buyer, you can buy on dips. In fact, major levels you should keep in mind at the time of cryptocurrency trade are 22 cents, 30 cents, and 50 cents.

  • Price of Altcoin – EOS.IO (EOS/USD)

Price of altcoins across the board is seeing a price lift especially after the Bitcoin Cash software upgrade event. Since last day, EOS/USD price has increased by around 3%. The EOS.IO price is expected to move higher after the last 18 days horizontal range mode. There’s an underlying momentum in the price of this altcoin as the October 29 losses have been recovered. However, its price is still rebounding within a particular range (within the bullish and high-volume October 15, 2018 bar). The aggressive traders can buy at spot rates. They should keep in mind that US$7 as the first target and US$5 is the closest support.

 

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MobileGo Price Analysis

MobileGo Price Breaches $0.75-mark on Xsolla Integration News

MobileGo, a project designed for disrupting mobile gaming altogether, has seen a recent uptrend. Price of this smaller-cap altcoin pushed close to $0.8, which made $1 look like a potential target in the coming days. MobileGo got a shot in the arm when XSolla (popular Twitch.tv platform’s payment processor) added it as a preferred payment method for its gamers.

MobileGo Price Analysis

In the recent months, the extended bearish trend in the altcoin market pulled down the price of MobileGo (MGO) to just $0.15. However, the trend is slowly but steadily turning around, thanks mainly to the big gains made across the board.

MobileGo with respect to US Dollar (MGO/USD) has reportedly increased by around 9% in the last 24 hours. The price even crossed the price even crossed the $0.8 mark and touched $0.81 at one point in time. At the time of publishing the news, the MGO/USD price was hovering around $0.76 level. At a time when top-10 cryptocurrencies are showing a negative return in the last 30-days chart, MGO/USD price has increased by a phenomenal 382.9% during the same time.

In fact, MobileGo has also gained by 8.5% over Bitcoin and Ethereum, enabled by the US$20.2 Million worth trading volume. Under the current circumstances, all these aspects look promising.

What Do Analysts believe?

Market analysts are excited about the way MobileGo price has increased in the last few weeks. The 14-day chart shows a remarkable increase for MGO/USD price by 70.4%. Most analysts are upbeat about it because of the way it has increased from $0.15 to $0.80 and that’s too in a month’s time. What’s so interesting in MobileGo’s ascent is the fact that there was hardly any setback during this period. However, it remains to be seen how quickly MGO/USD price reaches the $1 target.

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Altcoin Price Analysis - Rally Inevitable in Q4 of 2018

Altcoin Price Analysis – Rally Inevitable in Q4 of 2018

Altcoins are moving sideways for a few weeks now and the bulls are reportedly accumulating in lower time frames. Stellar (XLM) with respect to the US Dollar (XLM/USD) seems to be in the bullish zone, as evident from the chart. Litecoin (LTC/USD), Cardano (ADA/USD), and EOS (EOS/USD) prices are also moving sideways above important support lines. Therefore, the bullish trend may gear up for these altcoins. Currently, it’s waiting for games for the market players. If the cryptocurrency market gains rapidly in the October 15 bullish direction, buying recommendation can be given on dips.

How are the Different Altcoins Performing?

Almost all the top 100 altcoins are more or less moving sideways. The cryptocurrency market is still undecided. The most important thing witnessed in the last few weeks is that the volatility in the market has almost vanished. The cryptocurrencies are moving in and out of green and red within a 1% variation. Greens are slightly more than the reds.

EOS Price Analysis (EOS/USD)

Daily and weekly timeframe of EOS/USD price are more or less stable. Volatility in this altcoin is extremely low. During the last day it was up by 0.3% and in the last week, it was down by 0.6%.

Bullish outlook is maintained as current price level is down by over 90% from the peak levels of 2017. Bull Run can be witnessed above $7 and aims at $9. If the price goes down below the $4-$4.5 range, the Bull Run projection will be canceled.

Litecoin Price Analysis (LTC/USD)

The projection for LTC/USD remains overly neutral. This is mainly because of the momentum shaping ranging market. Litecoin’s price is revolving around $50, which is another reason for having the neutral projection. Strong support is available at $55 and $60. If price breaks above these levels it can easily go up to $70 and $90. However, any movement below $50 may push the price to $30.

Stellar Lumens Price Analysis (XLM/USD)

Once Stellar Lumens(XLM/USD) crosses 25 cents, the Stellar Lumens market may become bullish. The first Resistance above 25 cents is 30 cents. This bullish projection will be canceled if the 15-20 cents support area is breached downwards.

Tron Price Analysis (TRX/USD)

The bull run is expected if Tron altcoin price moves above 2.5 -3 cents September highs. In that case, the traders can expect a rally till 4 cents. If the price drops below 2 cents then it’ll confirm the presence of bears. In that case, sell on pullbacks is recommended.

Cardano Price Analysis (ADA/USD)

Traders can buy Cardano (ADA/USD) on dips. From a top-down approach, sellers are mainly in control now. If the price moves below 7 cents, bears will be successful in reversing the bullish run of October 15. The risk-off traders can buy within the high-low range with stops at 6.8 cents (the main resistance level). If this level is breached, the Bull Run will continue till 12 cents.

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worst altcoins

Worst Altcoins of 2018 Plunge over 98% from Peak Prices

This year, bitcoin prices went down, however, worst altcoins may be sliding down faster. 2018 may be the year where most endeavors are not as fruitful as expected.

Most altcoins have lost more than 90% of their original value and they sharply fell from their peaks. In fact, their fall was so sharp that Bitcoin is doing better than they are. Among these altcoins, there are some of them that have gone through disastrous slips.

As the last quarter of the year comes rolling in, people who are hoping to see a year-end rally are losing hope. People are losing their enthusiasm and several endeavors are experiencing huge setbacks. Thus, the value of these projects are getting wiped out.

Weiss Ratings have named to be the biggest losers since the bitcoin prices and market experienced all-time high, according to the data from Onchainfx. They named these altcoins as the worst altcoins for this year. The peak happened for most during the end of the year 2017 and the beginning of the year 2018.

worst altcoins
worst altcoins

Weiss Ratings tweeted this last October 18, 2018,

The Bitcoin price slide and for most altcoins is due to the loss of value of the dollar for Bitcoin. However, some of the coins listed in the top 10, are experiencing special circumstances.

Among the altcoins, ZCL (ZClassic) has experienced the biggest loss. Its value lost 99%, from being $200 a piece to $3.42 a piece. The over-inflation of the price was because of Bitcoin Private hard fork hype. ZCL experienced the same patterns before. It experienced a hard fork and then crashed right after it happened.

BTCD (Bitcoin Diamond) is also another big loser since it shed 97% of its price. GAME (GameCredits) went down by 98%, while EMC2 (Einsteinium) lost 97%.

The bitcoin network and crypto market have always been unstable. The losses these altcoins are experiencing is not something new.

Do you think these altcoins can recover from these losses?

 

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Bytecoin BNC Crashes

Bytecoin BNC Crashes after Binance Delisting Announcement

Bytecoin (BNC) price has reportedly crashed after major cryptocurrency exchange Binance announced to delist BNC from its platform. The surprise announcement of delisting this token that comes in the top 30 coin list of the Binance platform surprised the market. Since the announcement, it has shed 25% of its value, in terms of US$ as well as BTC department.

Though the trading volume is still hovering around the $10.7 Million range (at the time of publishing), reports say it’s because holders of BNC are dumping their tokens on Binance platform.

What does it mean for Bytecoin (BNC)?

62 percent of the Bytecoin’s trading volume comes from the Binance platform. Therefore, delisting from Binance will hurt BNC whether it hurts most. Delisting may permanently cripple this altcoin. In fact, BCN has to increase its trading volumes in other exchanges where it’s currently listed – Poloniex and HitBTC.

Delisting from Binance platform will give Bytecoin (BNC) the chance to check BCN community’s real strength. Reports say the worst hit will be the traders who only care about the price of Bytecoin. However, some analysts believe the investors who don’t see the price only will come out stronger after the initial setback. However, the future of this altcoin surely remains unclear.

What’s the Announcement of Binance on Bytecoin?

Binance has announced today, without referring any specific reason, that they have decided to delist 4 altcoins including Bytecoin (BCN) from their platform. Binance team has said that it’s part of their periodic review process to protect the interests of both its users and stakeholders. They’ve also shelled out 7 reasons for delisting a token without specifying the main reason for delisting the 4 altcoins. The holders of these altcoins are given time till October 12, 2018 (10 am UTC) for trading at Binance Exchange platform.

What’s the Scenario Currently?

When Binance CEO Changpeng Zhao was asked why they listed Bytecoin in the first place if they had to delist now, he said their review system doesn’t reveal everything sometimes. Zhao added, “We learn and improve”. Bytecoin spokesperson Jenny Goldberg reportedly said that their team is carrying out “active communication with the Binance representatives about the delisting situation”.

However, reports say Bytecoin was facing controversy for quite some time now. One of the major concerns of the investor community is that Bytecoin (BCN) is predominantly (82% of it) is a pre-mine coin that lacks development activity.

 

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