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Friday, 20 September 19:44 (GMT -05:00)



Foreign exchange market

ETH's At Local Highs: What's In For Ethereum And ICO?


Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?
 
For the first time since November 2018, the ETH exchange rate has exceeded 180 dollars per coin. The second most popular cryptocurrency is now trading around 188 dollars per coin. It's obvious that the technical image of Ethereum has improved considerably over the last few weeks. The price is heading for the levels that can pave the way to other highs if overcome, FortFS experts assume.
 

Magnificent Constantinople 

 

Since the coin used to trade around 80 dollars per coin, its value has increased by more than 100% since then, mosly due to the hard-fork named Constantinople introduced in February 2019. Constantinople did manage to back a number of improvements of the protocol.
 
However, the biggest change is all about resolving the network economy  issue. After the upgrades, the token was reduced from 3 ETH to 2 ETH. Back then, it was obvious that the change would definitely back a new rally in the ETH market. It results from the economy principles, namely the supply and demand ratio, which says that when the supply drops but the demand stays the same or grows, the price goes up accordingly. 
 
Yet, that's not the end. Serenity, which is also known as Ethereum 2.0, will implement the POS algorithm, which will make it 1000 of times more scalable when hard-forking it. If that's the case, Ethereum will become a perfect platform for smart contracts.
 
Buy or Not?
 
From the stand point of pure investments, Ethereum remains a good investment. Investing in ETH is basically investing in the future. With that being said, the log-term bias is clearly bullish. If that's the case, the Ethereum ICO is likely to go bullish as well.

 

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Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
 
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
 
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Bitcoin ETF Decision is Delayed by SEC

The SEC, the USA's chief financial regulator, decided to delay the Bitcoin ETF decision once again. If the ETF had received the green light, we would now see it trading on CBOE and NYSE Arca. However, the Securities and Exchange Commission decided to put on hold the decision on three ETFs: VanEck / SolidX (CBOE), Wilshire Phoenix, and Bitwise Asset Management (both related to NYSE Arca).
 
Publication date: 15 August 01:00 AM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM