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Tezos Token Makes Gains in Approach to Official Launch

Tezos Token Makes Gains in Approach to Official Launch

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Please share if you find this article interesting. Tezos Token Makes Gains in Approach to Official Launch The price of XTZ, the native token of the Tezos crypto project, rose 30 percent over the weekend in anticipation of the network's official launch Monday. At press time, XTZ is trading at $1.55, having clocked a 5.5-week high of $1.75 at 13:10 UTC on Saturday. At that point, XTZ was up 35 percent from Friday's low of $1.29, according to CoinMarketCap data. The cryptocurrency picked up a strong bid on Friday after the developers tweeted that Tezos' mainnet arrives on Sept. 17. In fact, the mainnet has been live in beta since late June with tokens tradeable on some exchanges. Notably, trading volumes also jumped 169 percent on Friday to a nine-week high of $5.13 million, marking
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Ether Records Highest Daily Trading Volume in 12 Months

Ether Records Highest Daily Trading Volume in 12 Months

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Please share if you find this article interesting. Ether Records Highest Daily Trading Volume in 12 Months Daily trading volume for ethereum's ether (ETH) token hit a 12-month high on Thursday. The second-largest cryptocurrency witnessed a 24-hour trading volume of $850,000 yesterday – the highest level since September 15, according to Bitfinex data.  Further, the current weekly volume of $2.9 million is the highest since mid-December. Meanwhile, 24-hour trading volume across all exchanges currently stands at $2.33 billion, the highest level since July 18, according to CoinMarketCap. ETH daily trading volume on Bitfinex The sharp rise in trading volume indicates the investors have likely bought the recent dip in ETH below $200. Hence, the recovery from the 13-month low of $167
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Bitcoin Price Takes a $200 Tumble After Eight-Day Highs

Bitcoin Price Takes a $200 Tumble After Eight-Day Highs

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Please share if you find this article interesting. Bitcoin Price Takes a $200 Tumble After Eight-Day Highs Having dropped back from eight-day highs hit this morning, bitcoin (BTC) price could be in for a bout of consolidation before further upside unfolds. The cryptocurrency rose to $6,596 earlier today on Bitfinex – the highest level since Sep. 6 – adding credence to the short-term bullish reversal signaled by the symmetrical triangle breakout earlier this week. However, despite the strengthening bullish case, BTC quickly lost around $200 soon before press time. As if writing, BTC is changing hands at $6,450, having printed an intraday low of $6,355 a few minutes ago. While the sudden price pullback could force investors to question the sustainability of the corrective rally, th
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Back Over $200 Billion: 3 Reasons Crypto Prices Could Be Heading Higher

Back Over $200 Billion: 3 Reasons Crypto Prices Could Be Heading Higher

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Please share if you find this article interesting. Back Over $200 Billion: 3 Reasons Crypto Prices Could Be Heading Higher The cryptocurrency market has been making history for all the wrong reasons as of late, most notably by recently surpassing the plunge of the infamous Dot-Com bubble in the early 2000's. With that said, cryptocurrencies tend to make recoveries when all hope is seemingly lost, and today's price action of the world's second largest cryptocurrency, ether and many others is no exception. At press time, several of the top 10 cryptocurrencies by market capitalization are reporting 24-hour gains above 10 percent, including monero (XMR), litecoin (LTC), and EOS. Ether (ETH) is leading the pack while boasting a 17 percent price increase. Further, the total market cap ...
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FOAM Is Live: Decentralized World Map Launches on Ethereum

FOAM Is Live: Decentralized World Map Launches on Ethereum

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Please share if you find this article interesting. FOAM Is Live: Decentralized World Map Launches on Ethereum One of the year's most hotly anticipated blockchain applications is now live. FOAM, which aims to build a reliable, resilient world map using smart contract technology, announced that the decentralized application (dapp) has launched on the ethereum blockchain and is already "seeing the first users populate the map." Speaking to CoinDesk in June, FOAM co-founder and CEO Ryan John King explained the motivation behind the dapp, saying "people think location is a solved problem." Rather, King argued, centralized mapping services like GPS – which is owned by the U.S. government and operated by the Air Force – are ultimately vulnerable and unreliable. FOAM's solution is to spr
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Bitcoin Price Looks North After Passing $6.4K Resistance

Bitcoin Price Looks North After Passing $6.4K Resistance

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Please share if you find this article interesting. Bitcoin Price Looks North After Passing $6.4K Resistance Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday's spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense of the long-term trendline connecting the June low and Aug. 11 low and an upside break of the symmetrical triangle. As a result, the stage looks set for an upside move. However, caution is still the name of the game, as the bearish moving averages (MAs) could work as hurdles and complicate the recovery. At press time, BTC is cha
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Ether Shorts Hit Another Record High as Price Sinks

Ether Shorts Hit Another Record High as Price Sinks

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Please share if you find this article interesting. Ether Shorts Hit Another Record High as Price Sinks There seems to be no end in sight for the sell-off in ether markets, as the number of short orders placed on the second-largest cryptocurrency by market capitalization hit a fresh record high on Wednesday. The ETH/USD shorts on Bitfinex exchange clocked a new high of 248,247, beating the previous record high of 247,611 set last Friday. Looking at the data from a different angle, these bearish bets have risen by more than 200 percent in the past four weeks. ETH/USD shorts The extreme negative positioning – as seen in the chart above – usually results in a sharp move on the opposite side, popularly known as "short squeeze". Further, the stage looks set for profit taking (unwindin
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Below $50: Litecoin Price Clocks 12-Month Low

Below $50: Litecoin Price Clocks 12-Month Low

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Please share if you find this article interesting. Below $50: Litecoin Price Clocks 12-Month Low The price of litecoin (LTC) hit a 12-month low below $50.00 on Wednesday. The world's seventh largest cryptocurrency by market capitalization sank to $47.67 at 10:34 UTC – its lowest price since September 22, 2017. LTC was last seen at $49.08, down more than 8 percent on the day, according to CoinMarketCap. Notably, LTC is the second biggest loser among the top 10 cryptocurrencies by market cap, reporting a 22.5 percent loss week-on-week. Further, it is down 86 percent from its all-time high of $344 set last December. Other cryptocurrencies are also reporting sharp losses today. For instance, ether (ETH), bitcoin cash (BCH) and monero (XMR) are all posting 24-hour losses above 9 per
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Bitcoin Price Charts Hint at Recovery Rally Above $6.4K

Bitcoin Price Charts Hint at Recovery Rally Above $6.4K

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Please share if you find this article interesting. Bitcoin Price Charts Hint at Recovery Rally Above $6.4K Bitcoin (BTC) could witness a minor corrective rally if the bulls' persistent defense of key support leads to a break above the resistance at $6,400, technical charts indicate. The leading cryptocurrency suffered a downside break of the symmetrical triangle in the early U.S. session yesterday, signaling a revival of the sell-off from the recent highs above $7,400. Further, the bearish pattern bolstered the already negative setup, as represented by the rising wedge breakdown and the pennant breakdown on the line chart. As a result, BTC was looking likely to test $6,000 (February low) before the UTC close yesterday. Instead, it bounced back from $6,170 — the support of the tre
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Is Bitcoin Charting a 2015-Style Price Bottom?

Is Bitcoin Charting a 2015-Style Price Bottom?

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Please share if you find this article interesting. Is Bitcoin Charting a 2015-Style Price Bottom? Bitcoin's price action this year may be dismal, but it might not be without precedent. Having hit a record high near $20,000 in December, the world's largest cryptocurrency began 2018 backed a wave of optimism. Since then, however, it hasn't translated this into gains for investors. Rather, the price appears to be following a pattern last seen ahead of a bullish reversal from September 2015. Why is that important for traders now? When the bull market ended last time around, we saw a violent drop in price whereby bulls were unable to produce any significant highs over the course of the year. Comparing 2018 to 2015, there are other subtle similarities to draw on for analysts. In both