2020 Crypto Market Prediction – Cryptos to Watch Out For

Although some new players were introduced to the battle field in form of Binance Coin (BNB), Tezos (XTZ) and Chainlink (LINK), that outperformed …

It would be fair to say that this year has been the continuation of bear market for almost all of the altcoins. Although some new players were introduced to the battle field in form of Binance Coin (BNB), Tezos (XTZ) and Chainlink (LINK), that outperformed every digital asset even the ‘Crypto Goliath’, bitcoin. But just before we look ahead and predict the course of the crypto market as we take a dive into a new decade, it would not be fair to overlook the path crypto market took in 2019.

Crypto Market 2019 Journey

Bitcoin started 2019 with a marketcap of $66.3 billion and was lurking around $3800. Currently, the most sought after digital asset is valued at $7,381 with a market cap of $133.8 billion. Since bitcoin gained an impressive 95% in 2019…

Crypto Market 2019 Journey

On the other hand, altcoins crypto winter continued and the assets plunged to extreme lows. The second largest crypto by marketcap Ethereum suffered once again this year and the digital asset will step in 2020 at the same place where it started 2019 and that is around $130. In July 2019, Ethereum peaked at $350 but the digital asset slipped back to where it started the year.

Ripple (XRP), the cross border transfer token is the worst performer in the crypto arena of 2019. The digital asset stands where it stood 2 years ago! Once considered the crypto rock star (which is indeed debatable), XRP lost almost 95% from its all-time high.

On the other hand Litecoin (LTC) had quite a roller coaster ride in 2019. Regarded as the ‘Digital Silver’ (with bitcoin being the Digital Gold), the crypto asset is lurking around $43 and is back where it started the year. The crypto asset experienced ‘Halving’, where the reward for crypto miners was halved to keep a check on inflation, and its price surged to $145 but that was sadly the only highlight for LTC in 2019.

Stellar (XLM) shared the same fate as XRP in 2019 as the crypto lost almost 60% and stretched its bear run to 2 years now. Other top cryptos like TRON, EOS, Cardano, Monero and bitcoin’s fork Bitcoin SV more or less will finish the year same as where they all started.

Cryptos to Look Out for In 2020

Binance Coin (BNB) was undoubtedly the highest performing digital asset for 2019. BNB, a utility token from one the world’s largest crypto exchange experienced a price surge of 560% in the first half of the year. Analysts suggested that the performance of the token can be attributed to the fact that Binance was open and transparent about $41.5 million bitcoin hack.

The company informed its investors as soon as they assessed the damage done by the attack. Just days after the attack, CEO and founder Changpeng Zhao held an Ask-Me-Anything session on reddit. On the other hand Binance launchpad IEO’s produced more than 600% returns as the exchange took most of the limelight in 2019.

Tezos was the other performer of 2019 with a surge of 185% since January 1st. Major exchanges offering staking rewards has driven XTZ prices making it one of the best performing altcoins of the year.

Ever since Facebook announced its Libra crypto, the crypto market was much hyped and a buzz but regulators came hard on Libra and hearings at Capitol Hill have immensely put the project in jeopardy.

While talking to Bloomberg, Blockchain Capital General Partner, Spencer Bogart gave an insight to survey conducted by his company he said;

“There are two factors to the halving represents a shelling point. There is a significant sum of capital that is in that position. we run a survey every 18 months that surveys more than 2000 american adults.

One of the things we ask is kind of questioning their conviction. We ask, what extent do you agree or disagree that most people will be using bitcoin within the next 10 years. In the spring of 2019 when we asked this, 33 percent of people and 43% of those 18 to 34 said they somewhat or strongly agree. We also asked them about their propensity to purchase. How likely are you to buy bitcoin in the next five years? 33% of those 18 to 34 said they are very or somewhat likely to buy in the next five years.

People are relatively indifferent as to whether they purchase today or tomorrow. It drives more purchasing. importantly, this reflexive feedback loop drives the bitcoin market where rising price drives more infrastructure, more computing power secure in the network. All of which feeds into a rising price”

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“Fundraising for the Litecoin Confidential Transaction Fund is Going Strong” – Charlie Lee

The creator of Litecoin cryptocurrency and managing director of Litecoin Foundation, Charlie Lee, is dropping a notification on the progress of a …

The creator of Litecoin cryptocurrency and managing director of Litecoin Foundation, Charlie Lee, is dropping a notification on the progress of a crowdfunding program launched for the implementation of confidential transaction on Litecoin network.

Lee made the disclosure while revealing the December update for MimbleWimble, a technology in progress under David Burkett, a Grin++ developer.

Charlie Lee noted that great progress has been achieved in the fundraising program, and they are already 1/4 of the way towards achieving the targeted goal.

The computer scientist who is an ex-director of engineering at Coinbase urged lovers of Litecoin to continue to support the project as their unflinching efforts are still needed to complete the program.

“Fundraising for the Litecoin Confidential Transaction Fund is going strong. We are 1/4 of the way there. But we still need your help LitecoinFam. Thanks,” Charlie stated.

Litecoin Foundation launched the crowdfunding program early this month with the aim of raising $72,000 to integrate confidentiality into the transaction of the network.

While creator Lee claimed the fundraising program has reached a quarter of the targeted milestone, it implies that not less than $18,000 has been raised in less than one month.

As described by NewsLogical earlier, Litecoin Foundation intends raising $6,000 monthly for 12 months, an indication the fundraising program is progressing at pace and could reach its milestone before the stipulated period.

December Update on Litecoin’s Mimblewimble Technology

After proposing LIP-0002 and LIP-0003 in late October to introduces extension blocks (EB) with the motivation of implementing opt-in MimbleWimble, Litecoin foundation began releasing monthly updates on the integration of MimbleWimble technology into the Litecoin network.

In the update for this month, developer David revealed that he dedicated much effort towards “restructuring the core logic that will be shared between Grin++ and LTC.”

The restructuring involves error handling, serialization, logging, crypto and common data structures (headers/blocks/txs).

David furthered that in January, the foundation will be focused on determining the build method, defining all LTC models as well moving the database implementations to libmw-core.

The developer added that he will also be working on ensuring a faster sync mechanism for Grin next month.

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Cryptocurrency Market 2019 Latest Advancement and Global Outlook – Intel, Advanced Micro …

Global Cryptocurrency Market 2019 by Manufacturers, Countries, Type and … Bitgo, Xilinx, Coinbase, Amazon, Ripple Labs, BTL Group and others.

The Global Cryptocurrency Market was valued at USD 295.26 million in 2016 and is projected to reach USD 3,678.92 million by 2025, growing at a CAGR of 32.35% from 2017 to 2025.

Global Cryptocurrency Market 2019 by Manufacturers, Countries, Type and Application, Forecast to 2025 is an all-inclusive research study that covers current facts and statistics about the production and application in the Cryptocurrency market. It’s a most trending report which offers detailed value chain assessment, a comprehensive study on market dynamics including drivers, restraints and opportunities, recent trends, and industry performance analysis. It studies critical aspects of key subjects such as market competition, regional growth, and market segmentation. This report also covers details of market size, growth spectrum, and the competitive scenario of the Cryptocurrency market in the forecast timeline from 2019 to 2025.

Top Companies in the Global Cryptocurrency Market:Intel, Advanced Micro Devices, Microsoft, Alphapoint Corporation, Bitfury Group, Nvidia, Bitgo, Xilinx, Coinbase, Amazon, Ripple Labs, BTL Group andothers.

Register for sample copy of this report here:

https://www.verifiedmarketreports.com/download-sample/?rid=34056&Source-Marketresearchsheets_mode=PK67

Regional Analysis For Cryptocurrency Market:

For comprehensive understanding of market dynamics, the Cryptocurrency Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others.

Synopsis:

A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions. Benefits of Cryptocurrency includes access to everyone, immediate settlement, lower fees, no identity theft, fraud prevention, better security, and universal recognition.

Market Segmentation:

The Global Cryptocurrency Market is segmented on the organization size, deployment mode, application, vertical, and region.

End User:

Media and Entertainment

Peer-to-Peer Payment

E-Commerce and Retail

Remittance

Others

By Component:

Software

Hardware

By Type:

Litecoin

Bitcoin

Dashcoin

Ripple

Ethereum

Know more about this report at:

https://www.verifiedmarketreports.com/product/global-cryptocurrency-market-size-and-forecast-to-2025/?Source-Marketresearchsheets_mode=PK67

The Research Provides Answers To The Following Queries:

-What will be the market size and development pace of the Cryptocurrency market for the estimated time frame 2019 – 2025 crosswise over various districts?

-What are the key drivers expected to shape the development of the business around the world?

-What methodologies are the unmistakable merchants adjusting to remain in front of their rivals?

-Which patterns are affecting the improvement of the market worldwide?

-Which variables can prevent, challenge or even restrict the development of the market around the world?

-What are the chances or future possibilities for the entrepreneurs working in the industry for the gauge time frame, 2019 – 2025?

About Us:

Verified Market Reports is part of the Verified Market Research which offers premium reports from over hundreds of top publishers worldwide. It has the most widespread collection of market research reports, analysis & forecast data for businesses and governments. We update and improve our repository routinely to deliver instant online access to the world’s most comprehensive and current database of expert insights.

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This post was originally published on Market Research Sheets

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Tokyo-based Zigmabit unveils 3 new crypto mining rigs

They are multi-cryptocurrency mining platforms that support operations on Bitcoin, Litecoin, Ethereum and Dash blockchains. The company is currently …

ZigmabitZigmabit has announced the launch of its endothermic cryptocurrency mining rigs. The company uses its 7nm ASIC ZigmaBit BoosterX chips in its hardware, coupled with a cooling system, tough compact construction and a low operating noise characteristic that makes it suitable for installation at home, office or in dedicated datacentres.

ZigmaBit is innovating to bring new, improved mining equipment to the market. Currently, the company’s offering consists of ZigBit range of mining rigs. They are multi-cryptocurrency mining platforms that support operations on Bitcoin, Litecoin, Ethereum and Dash blockchains.

The company is currently offering three different products- ZigBit 2.0, ZigBit 3.0 and the latest ZigBit 5.0, which support profitable operations on the blockchain of choice, according to a statement.

Hash rate is a crucial factor to consider while choosing a crypto mining rig. It is the speed at which a given mining machine operates. A higher hash rate is always preferred by the miners because it increases their opportunity of finding the next block and receiving the reward.

ZigBit 5.0 is ZigmaBit’s current cryptocurrency mining hardware offering designed to make it easier for anyone to set up their own cryptocurrency mining operation. The device ships with all the operational parameters pre-set so that users can just connect the hardware to the power supply and start mining.

The hardware features direct liquid cooling and a high hash rate power. With a rated power consumption of 2400W, it can generate 2000 TH/s, 300 GH/s, 75 GH/s and 50 GH/s for Bitcoin, Litecoin, Ethereum, and Dash respectively.

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The Crypto Daily – The Movers and Shakers – 15/09/19

Ethereum (+3.96%), Bitcoin Cash SV (+2.8%), and Stellar’s Lumen (+2.73%) also saw solid gains on the day. Ripple’s XRP (+2.34%), Litecoin (+2.2%) …

Bitcoin slipped by 0.04% on Saturday. Following on from a 0.73% fall from Friday, Bitcoin ended the day at $10,380.

A relatively choppy morning saw Bitcoin slide from an early morning high $10,395 to a mid-day intraday low $10,255.

In spite of the choppy start to the day, Bitcoin left the major support and resistance levels untested.

Finding support through the afternoon, Bitcoin rallied to a late intraday high $10,488. Falling short of the first major resistance level at $10,514.33, Bitcoin fell back to $10,300 levels and into the red.

For Bitcoin, the extended bullish trend remained intact. Bitcoin continued to hold above the 38.2% FIB of $9,734 having steered well clear of sub-$9,000 levels and the 62% FIB of $7,245.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed bag.

Monero’s XMR joined Bitcoin in the red on the day, with a 0.99% loss.

It was a bullish day for the rest of the pack, however.

EOS led the way, surging by 8.02% on Saturday. Ethereum (+3.96%), Bitcoin Cash SV (+2.8%), and Stellar’s Lumen (+2.73%) also saw solid gains on the day.

Ripple’s XRP (+2.34%), Litecoin (+2.2%), and Binance Coin (+0.77%) trailed the pack in spite of the gains on the day.

The relatively bullish start to the weekend left the majors mixed for the current week.

EOS led the way, rising by 6.63% Monday through Saturday. Ethereum and Litecoin were also in positive territory, with gains of 4.02% and 0.24% respectively.

It was red for the rest of the pack, however. Bitcoin SV and Binance Coin led the way down, with losses of 11.03% and 6.25% respectively.

Stellar’s Lumen also struggled in the week, falling by 3.3%. Losses elsewhere were modest, however. Monero’s XRM was down by 1.53%, with Bitcoin Cash ABC and Ripple’s XRP down by 0.39% and 0.11% respectively.

Bitcoin’s dominance eased back to 69% levels following a lackluster day on Saturday.

Through the current week, the total crypto market cap recovered from a Wednesday low $257.48bn to $266bn levels. In spite of the recovery, another crypto rally is needed to recover to $270bn levels seen at the start of the week.

At the time of writing, the total crypto market cap stood at $266.04bn.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $10,360. A bearish start to the day saw Bitcoin fall from an early morning high $10,403 to a low $10,337.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, Monero’s XMR (-1.65%), Stellar’s Lumen (-0.7%), Binance Coin (-0.03%), and Bitcoin Cash SV (-0.43%) also saw red.

Bitcoin Cash ABC led the way in the early hours, up by 0.98% at the time of writing.

For the Bitcoin Day Ahead

Bitcoin would need to move through to $10,360 levels to support a run at the first major resistance level at $10,469.

Support from the broader market would be needed, however, to break out from the morning low $10,403.

Barring a Bitcoin breakout later in the day, Saturday’s high $10,451 and first major resistance level would likely pin any upside.

Failure to move through to $10,360 levels could see Bitcoin spend a 3rd consecutive day in the red.

A fall through to $10,320 levels would bring the first major support level at $10,273 into play before any recovery.

Barring a crypto meltdown, Bitcoin should steer clear of sub-$10,200 support levels on the day.

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This article was originally posted on FX Empire

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