Bitcoin (BTC) Price Upsurge Anchors Stellar (XLM) And Cardano (ADA) Out Of The Downtrend

The same caused the XLM coin to slip down from the rank list of top cryptocurrencies. To have a precise look, let’s go through the Stellar price chart.

Bitcoin (BTC/USD) Price Analysis:

Bitcoin Price ChartBitcoin Price Chart
Bitcoin Price Chart

Bitcoin is currently maintaining itself at $11876. The same is causing an uptrend in the market. Many coins have started recovering from yesterday’s drop. Individually, Bitcoin is booking profits from the beginning of the month. Looking at the above BTC chart, the coin reflected an upward movement. On 4th August, BTC started an upsurge. BTC price jumped from $10824 to $10996. On 5th August, the escalation took another leap of 7.50%. The price counters changed from $10996 to $11821. On 6th August, the coin registered a drop of 2.79%. Bitcoin price shifted from $11821 to $11487. On 7th August, the coin took the price up again. The escalation was of 4.38% as the BTC price changed from $11487 to $11983. On 8th August, the escalation continued. The upsurge was of 1.02%. The price changed from $11972 to $12094. Yesterday, BTC slipped from $12094 to $11990 by 0.80%. Today, the Bitcoin price is hovering at around $11876. The coin is speculated to touch $15,000 by the end of 2019.

Stellar (XLM/USD) Price Analysis:

Stellar Price ChartStellar Price Chart
Stellar Price Chart

Stellar (XLM) was registering losses from the starting of the month. The same caused the XLM coin to slip down from the rank list of top cryptocurrencies. To have a precise look, let’s go through the Stellar price chart.

If we look at the above chart, there is a clear indication of a steep fall in XLM price. Starting from 4th August, the coin booked a small hike of 1.29%. The price changed from $0.082099 to $0.08316. On 5th August, price of Stellar started slipping down. The price changed from $0.08316 to $0.08170 by 1.79%. On 6th August, XLM coin shift prices from $0.08170 to $0.07857. On the next day, the coin booked a regressed of 0.64% as the coins dropped from $0.0785 to $0.07804. The pattern was continued on 8th August. The fall was of 0.92%. The price of the coin switched from $0.07804 to $0.07732. Yesterday, the coin was seen trading downwards. Stellar price changed places from $0.07732 to $0.07204. However, today, we can observe a recovery in the price of the Stellar from $0.07204 to $0.07448. The destined upsurge would knock the door in some time. The coin would be suitable for short term traders.

Cardano (ADA/USD) Price Analysis:

Cardano Price ChartCardano Price Chart
Cardano Price Chart

Cardano (ADA) has been touching disappointing digits from the beginning of August. The coin is at the 13th position in the crypto market. The currency is continuously struggling to climb, but every time it ends in vain. However, the ray of hope generated when the coin opened with an upsurge today. Let’s have a look at the ADA price chart.

Above chart is reflecting a huge fall in Cardano price. Starting from 4th August, ADA coin fell from $0.057718 to $0.05691 by 1.32%. On 5th August, Cardano continued the fall. The price of Cardano switched from $0.05695 to $0.056195 by 1.26%. On 6th August, the ADA price fell from $0.05619 to $0.05340 by 4.93%. On 7th August, the price fell from $0.05340 to $0.05160 by 3.45%. There was an improvement in the Cardano on 8th August. The escalation was of 1.21%. The coin changed from $0.05160 to $0.05222. Yesterday, the ADA coin again fell on its knees. Then, Cardano price changed from $0.05222 to $0.04793 by 8.21%. Today, the coin is moving up again. ADA opened at $0.04793 and is currently dealing at $0.05017. The coin would be suitable for long-term investors to register high returns.

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Ethereum Classic Price Analysis: Ethereum Classic (ETC) price rally starts; ETC hovers at $6.2

Ethereum Classic (ETC) was seen suffering during the last month. The coin was severely affected and because of which the current month started with …
  • Ethereum Classic (ETC) price commences an upsurge.
  • The price rally to continue for some time now.

Ethereum Classic (ETC) was seen suffering during the last month. The coin was severely affected and because of which the current month started with some disappointing trading digits. The currency has recovered and looks like the storm has passed. We are anticipating that the coin would be seen rising and the month will close with higher price marks.

Talking about yesterday, the coin touched a high at $6.36 and a low at $6.11 with a trading volume of $516,749,115.

Current Statistics of Ethereum Classic (ETC):

The chart is taken from Trading View as on 06th August 2019 at 10:11:26 UTC.

Ethereum Classic Price Chart - 06 AugEthereum Classic Price Chart - 06 Aug
ETC Chart by TradingView

The coin opened the month on a sore note. The token booked a loss of 1.02% as the ETC price shifted from $6.043 to $5.9. On day 2, the coin continued to drop, marking a regression of 2.19%. The price counters changed from $5.981 to $5.850. On the following day, the coin instigated a surging momentum and reflected a change of 1% as the price sifted from $5.8 to $5.9. Day 4, the coin jumped from $5.9 to $6.1 by 3.83%. Yesterday, the coin touched a high at $6.36. The price counters changed from $6.12 to $6.17. The escalation was of 0.82%. The coin is presently trading at $6.246. There is a high prospect that it may close around $6.3 and even beyond.

Particulars Ethereum Classic (ETC)
Price $6.246
ROI 724.80%
Rank 21
Circulating Supply 112,498,777 ETC
Market Cap $698,094,475
24hr Volume $520,838,572

Ethereum Classic Price Prediction and Conclusion:

The whole of the crypto market has shown tremendous improvement. The market is anticipated to embark on a much-awaited price rally. Ethereum Classic is also believed to walk on the same road. The expectations of the coin are higher. In the coming years, the coin is expected to deal with a 3% to 4% profit. The coin is likely to close around $10. The coin would be best suited for long-term investors. The same would help the traders to book huge profits.

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Ethereum Classic Price Analysis: ETC May Take 2 Months To Start Trading At $10

Ethereum Classic (ETC) has a bigger challenge to conquer now and that it to move past $7 over the weekend. The coin may start trading above $6 …
  • ETC moves from $6.09 yesterday to $5.93 today recording 2% dip
  • ETC needs to break the $7 chains and trade above it

Ethereum Classic (ETC) has a bigger challenge to conquer now and that it to move past $7 over the weekend. The coin may start trading above $6 from next week onwards but it has to head towards better targets in order to make a lasting impact on the everyday investors and traders. The firm is focusing on the development of platform to offer unmatched services but the question now is whether it’ll be enough for the coin to move beyond $10. The coin’s current market performance does not give away much.

Ethernode is offering node hardware and operating systems to the #EVM community. This is excellent for #EthereumClassic and #Ethereum. Learn more at https://t.co/luNzrBpiiO#eth#etc#cryptocurrency#blockchain#iot#crypto#bitcoin#dapps#decentralizedpic.twitter.com/xHkX3WNDUh

— Ethereum Classic Labs Core (@etclabscore) July 31, 2019

Ethereum Classic Current Statistics:

ETC has been on a topsy turvy ride in the last 5 days but the coin has been moving like a pendulum between $5 and $6. It started trading at $5.91 five days ago but soon picked up pace to rise from $5.55 to $6.09. ETC has again fallen from $6.09 to its current value at $5.93 as on August 1, 2019 at 04:20:15 UTC recording a downtrend of over 2% since last few days.

ETC Price ChartETC Price Chart

  • The price of ETC token is noted to be $5.93 and 0.00059377 BTC
  • The market cap of the coin is $668,724,590
  • The 24 h volume of the coin is $445,845,618
  • The ROI of the coin stands at 690.89%
  • The circulating supply of the coin has reached 112,370,136 ETC

The highest recorded value of ETC token yesterday was $6.09 and it may move up again to cross $6 by the end of the day.

ETC Price Prediction:

ETC may not have depicted any growth trends in the last month but it may start doing it now. The coin is highly profitable and it just needs a good push to start behaving bullish. ETC may rise upto $10 in the next 3 months and then it is no looking back for this coin as it crosses $15 by the end of the year. The coin may start trading above $47 in the first half of the next year.

Conclusion:

This is a good time to plan long term investments in the ETC token.

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Cryptocurrency Market Sees 2nd Day Of Green

This little upsurge, nonetheless, has not completely placed the virtual currency coin on the green line on its week-long chart, as it has just reported a …

The crypto market is now witnessing a widespread green. As this continue to be seen, Bitcoin has been able to break back above the mark of $9,700. A number of other leading crypto coins have also recorded solid gains between 3 and 9% just within the days.

Bitcoin Continue To Grow

Since dropping back to a 4-figure price point in the latest corrections, this leading crypto coin has been trading in a reduced price range. But despite all that, the coin has managed to rise up by a solid 2.4%, bringing the price to a range of $9,717 at the moment. This little upsurge, nonetheless, has not completely placed the virtual currency coin on the green line on its week-long chart, as it has just reported a 0.7% loss. According to the ex-Executive director of the German multinational investment bank Deutsche Bank, Peter Tchir, BTC is another great indicator of the hidden geopolitical tensions.

He has attributed this to the momentous performance of the coin in the past two months. This has also happened at a moment of fraught trade discussions between China and the United States. There is another major prediction that was made this week by Joe Kernen. The CNBC host has predicted that the leading virtual coin could possibly hit $55,000 by the moment it is having its net halving in 2020 May, which is a price surge of more than $500.

Ethereum Is Also Doing Quite Well

Before taking about the latest performance of Ethereum, it is important to remember that this leading coin celebrated its birthday yesterday. It has since posted an increase of 1.9% to trade in the region of $212 at the moment. In the corrections that occurred at the beginning of the week, the altcoin had perilously circled next to the round of $200 price mark. However, it has since recovered the ground and just slightly trading in the red. On its weeklong charts, the coin has reported a 2.2% price increase over the past couple of hours. Looking at the monthly trading, the coin is down by more than 18%.

coins

What About Other Coins?

A number of other coins have been recording gains over the past couple of hours. Ripple, which is also one of the leading virtual coins has also recorded a 2.7% price gain on the daily trading. The other coins that have also recorded a momentum include Bitcoin Cash and Litecoin. Both of them have recorded a 7.5% and 3.6% gain on the day respectively. The coin that has also done perfectly well is Binance Coin, which has been up by nearly 4.1%. When it comes to the context of the leading twenty coins, Tezos is right ahead of other coins. It has seen a 24% price increase in the past couple of hours. This has been attributed to the news of the listing of its tokens on Coinbase, which is a major crypto exchange platform in the United States of America. As at now, Tezos is trading at a price of $1.24. this is a great improvement for the coin.

Cryptocurrency Market Sees 2nd Day Of Green was last modified: August 1st, 2019 by Daniel Shaw

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How Will Moving To POS (From POW) Affect Ethereum’s Price

Vitalik Buterin was recently quoted on Reddit as saying he saw four major hurdles ahead of implementing Proof of Stake on the Ethereum Network…
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Vitalik Buterin was recently quoted on Reddit as saying he saw four major hurdles ahead of implementing Proof of Stake on the Ethereum Network…

  1. Having lower than expected participation rates
  2. Stake pooling becoming too popular
  3. Sharding turning out more technically complicated than expected
  4. Running nodes turning out more expensive than expected (leading to 1 and 2 anyway)

From an economics perspective: Staking coins involves holding them as opposed to minting new ones. So this means, in theory, there would be more ETHER bought up in order to create a Validator Node whereby one can “stake”.

Obviously, the new coins minted as staking rewards would get sold on the market (in order to cover the staker’s costs), but those original ETHER coins bought being held creates a nice lock up of coins in the ecosystem.

So, potentially, there could be a spike in price, and then a stability as those coins don’t get reflooded back into the market.

But! What we need to consider is: How many ICOs are still holding an immense amount of ETHER, and are those tokens yet to be flooded onto the market? Which affects price anyway.

But besides all this!

Vitalik’s points are intriguing and significant. The complications of moving to Proof of Stake are still immense, and the Ethereum Foundation haven’t fully got their heads around how to implement it adequately as yet. And for me, unless they solve those problems, we won’t properly see POS rolled out (and a full crossover from POW) anyway for at least the next year or two.

When we eventually do, I personally think the price will be much higher than it is now anyway. Depending on how many ICOs selloff their ETHER between now and then that is.

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Image by WorldSpectrum from Pixabay

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