The price of Ethereum has beendropping down to as low as $293. In the past three months, Ethereum registereda price explosion of more than 108%. Thedecline in the value of Bitcoin has been attributed to be the reason for thefall in the price of Ethereum.
The Stochastic RSI has touchedupon the oversold conditions, a cross over signal is anticipated. A cross over at this stage implies that thebuyers are willing to push it higher.
Stellar Lumens is entirely intothe bearish zone now. June ended withthe lowest value in the month for Stellar. For those who are interested in investing in entering into this tokenwhen it is at the lowest price is the ideal time. XLM has proven to be suitablefor long term investment.
EOS will have to move up past the$6.50 levels to provide or recovery from the losses caused in the pastweek. If EOS would not move past $6.50,it might probably trend further into the bearish zone.
Ripple has been progressingsteadily to provide novel financial solutions for its investors; however, ithas not been seen to be giving bullish trends, and it is continuing in thebearish zone. However, higher dividendsare promised with Ripple; it will be worth it in the longer run.
A Coinbase survey provides an encouragingpicture of the cryptocurrency adoption trends in the US. The crypto exchange made use of KimKardashian 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 overallcryptocurrency industry.
The publication read thus: “On average, Google users have searched for Bitcoin more often thanthey sought out info on Kim K., and that number is only trending upwards. Inlate June — as prices climbed — Google searches for Bitcoin surged to almostthree times higher than searches for Kardashian.”
The knowledge about Bitcoin is onthe rise in the US, and the majority of the population is aware of thecryptocurrency immaterial of the age group.
It is expected that Facebook'sLibra will become a legal tender in over a year from now. It is, therefore, likely to face regulatoryscrutiny.
Barry Lynn stated, "It's acomplete disaster from a regulatory perspective." He also said, "Thisis a corporation that's got fires all over the world with regulators. It's onlygoing to get worse."
Please share by clicking this button!
Visit our site and see all other available articles!