Cryptocurrency Market Update: Real Recovery or Dead Cat Bounce?

FOMO Moments The recovery on crypto markets has continued for a second day but has slowed down somewhat. Percentage gains today are less than what they were yesterday but market capitalization is approaching $140 billion once again. Many are calling a ‘dead cat bounce’ on Bitcoin indicating that it will meet resistance at $4,200 and…

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Ripple Price Analysis: XRP/USD Floor at 35 Cents, Recovery Possible

Latest Ripple News Talks of decentralization, securities and whatnot is a non-issuer—at least now that prices are terrible, Ripple is an independent Enterprise Level Software solution which leverages XRP for expediency, speed and efficiency. Companies that choose to adopt the technology can do so without being coerced. It’s what the technology has to offer. Once…

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Bitcoin Cash Price Analysis: BCH/USD Recovery Facing Hurdles

Key Points Bitcoin cash price started a short term correction and moved above $420 against the US Dollar. There is an ascending channel in place with support at $415 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair recently tested the channel resistance and failed to break the $422-423 zone….

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Bithumb Confirmed Its Recovery of Half of Losses from Recent Hack

South Korean cryptocurrency exchange, Bithumb confirmed that it has recovered half of the losses which had raised  from the recent hack of $31 million. $31 million hack Announced on June 28, 2018, Bithumb claims that it has recovered nearly half of the funds stolen in a recent hack. According to the reports, Bithumb’s online hot wallet…

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Tron (TRX) and Ontology (ONT) Leading The Pack In an Uncertain Market Recovery

A majority of our favorite coins and tokens are in the green in the crypto-markets. Bitcoin (BTC) being the King of Crypto, is all in the green with a 4.62% gain in the last 24 hours. BTC is currently valued at $6,778. Ethereum (ETH) is also enjoying a 7.58% increment in the last 24 hours…

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New Ethereum Recovery Proposal Heralds Some Interesting Changes

Aside from Bitcoin, other cryptocurrencies will also need to undergo some major changes in the future. For Ethereum, a new improvement protocol has been submitted which could introduce some major changes. It is only normal that a lot of people will scrutinize the basic idea of this proposal, known as the Standardized Ethereum Recovery Proposals EIP. Ethereum Recovery…

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Cryptocurrency Price Analysis: Is there a Chance for the Recovery?

If you came into cryptocurrency sometime at the end of the last year you are likely very upset about the current positions of your portfolio. It’s been a grueling few months, and some are asking themselves if the market will ever recover. Likely, I would be in the same boat if I had not experienced…

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