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Cryptocurrency Progressing Constantly To Provide Novel Financial Solutions

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The price of Ethereum has been dropping down to as low as $293. In the past three months, Ethereum registered a price explosion of more than 108%.  The decline in the value of Bitcoin has been attributed to be the reason for the fall in the price of Ethereum.

The Stochastic RSI has touched upon the oversold conditions, a cross over signal is anticipated.  A cross over at this stage implies that the buyers are willing to push it higher.

Stellar Lumens is entirely into the bearish zone now.  June ended with the lowest value in the month for Stellar.  For those who are interested in investing in entering into this token when it is at the lowest price is the ideal time. XLM has proven to be suitable for long term investment.

EOS will have to move up past the $6.50 levels to provide or recovery from the losses caused in the past week.  If EOS would not move past $6.50, it might probably trend further into the bearish zone.

Ripple has been progressing steadily to provide novel financial solutions for its investors; however, it has not been seen to be giving bullish trends, and it is continuing in the bearish zone.  However, higher dividends are promised with Ripple; it will be worth it in the longer run.

 A Coinbase survey provides an encouraging picture of the cryptocurrency adoption trends in the US.  The crypto exchange made use of Kim Kardashian to compare and measure the popularity of the cryptocurrency.  More than 2,000 participants were surveyed, and the result is indicative of improved interest in Bitcoin and the overall cryptocurrency industry.

The publication read thus:  “On average, Google users have searched for Bitcoin more often than they sought out info on Kim K., and that number is only trending upwards. In late June — as prices climbed — Google searches for Bitcoin surged to almost three times higher than searches for Kardashian.”

The knowledge about Bitcoin is on the rise in the US, and the majority of the population is aware of the cryptocurrency immaterial of the age group.

It is expected that Facebook’s Libra will become a legal tender in over a year from now.  It is, therefore, likely to face regulatory scrutiny.

Barry Lynn stated, “It’s a complete disaster from a regulatory perspective.” He also said, “This is a corporation that’s got fires all over the world with regulators. It’s only going to get worse.”

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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