Cryptocurrency Misses Haven in Several Countries Due To Lack of Regulatory Clarity

By Steven Anderson June 3, 2019 Off

A blog from LocalEthereum stated, “The global war on cash and privacy continues. LocalBitcoins suddenly removed all cash-in-person offers today, without any warning to its users. In response, we’ve reduced the trading fee on cash exchanges to 0%. From today until July 1st, you can buy or sell ETH with cash using LocalEthereum for free.”

Despite being considered as a revolutionary payment system by several countries, these currencies are yet to find their place as a payment haven in several countries due to lack of regulatory clarity.

By summer, XRP might touch upon $0.7, and there is likely to be a golden cross again.  Over the weekend, Ripple regained its positions, and the price of XRP was at $0.40. It has been generally seen that Ripple likes to crawl to the bottom before shooting high. While it is expected that the price will touch $0.7, it is not possible to say precisely when the price will touch that level.  The price is not likely to fall below the current positions.

The Entry point provided by XRP in the now is, and this can be a shortstop loss and a big take profit situation.  The future price will decide on all the key points and levels.  There are daily golden crosses seen, which are considered to be a sign of long to medium term bullish sign.  For now, investors are waiting for a prominent Golden cross.

Justin continues to claim a big win for the blockchain community.  The price of TRON has skyrocketed.  TRON has created a new high for the year 2019, which is high above $0.036.  This has even reached the $0.040 level before falling slightly.

A few of the Altcoins have been predicted to be shooting to the moon very soon.  LTC, XLM, XRP, EOS, and BNB are on the list.  These coins are expected to grow at a steady pace with a decent market cap and volume.

The crypto space is pushed forward by the coming of excellent products and services.  The primary goal is to break the idea of the “Rich Continuing to be Richer” and eventually promoting a balanced ecosystem for all the participants.

Industry experts are looking at improved gains in the next bull cycle for almost all the tokens.  Several tokens like the Ravencoin which were born during the 2018 bear market are expected to see some parabolic gains in 2019.  Several Altcoins missed the opportunity of appreciating a full-fledged bear market. Another bull run of the Bitcoin is expected to set several smaller tokens soaring.