Innovations for Use Cases Continues in the Cryptocurrency SpaceJuly 14, 2019
Major Cryptocurrencies are in the red, and the bears are looking to reverse on the gains of Friday. There has been a small price rebound over the past 24 hours.
Ripple continues to be the 3rd largest cryptocurrency with a market space of $14.72 billion. Ripple is falling slowly versus BTC, and if recovery should occur, the XRP/BTC reversing should occur.
Both Ethreum and Ripple are tracing a bearish trend line.
Ethereum is seen to descend even further. Ethereum is currently trading at $270. Highs and lows were seen in the intra-day chart of ETH. The significant resistance and support for the token are seen at $280 and $265 respectively. ETH is involved in a strong battle for price recovery. Both of these coins have been going through extreme bearish price trend. ETH is facing strong resistance at $278. An impulse pattern is seen for the price of Ethereum.
Ethereum miners are paid to mine empty blocks. While support is seen in the 50-day simple moving average, the curve acts as the immediate resistance of the token.
There has been an enormous growth in the market due to the price trends of Bitcoin. Litecoin has been attracting growing numbers of investors. By the end of 2019, the price of Litecoin is expected to touch 200 USD.
On June 12, 2019, the price of Litecoin went down by 3.99%, and there was a hike of 5.91% for nearly 5 hours and more. This helped the coin to touch 5.95 USD. The price swings were high in value, and the short-term investors are to take advantage of these variations. Short-term investors can as well use this situation to their advantage.
Dash enables instant transactions with 51% attacks. Dash has a long history. Dark Coin became Dash.
Ryan Taylor, the Current Dash Core CEO, stated that the Dash Network is not one-dimensional. The user experience provided by Dash is second to none other in the current cryptocurrency space. Dash has the most effective funding model and governance in the industry. Due to the recently introduced security enhancements, the cost of attacking Dash exceeded the value of attacking Bitcoin.
Dash has been developing several real-world use cases, thereby increasing transactions and becoming the actual leader in the real-world use case. The next release from Dash is all set to blow the people away with complete focus on user experience. Thus, providing for facilities to quickly build applications on Dash. Dash focuses on keeping the miners honest. Innovations continue.