Altcoins News

Story: Overall Technical Situation in the Cryptocurrency Market Has Not Changed

By Maheen Hernandez

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Ethereum is likely to visit $200 as the selling pressure builds up.  Over the past several days, the price of Ethereum has gone down.

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The losses of Ethereum can extend to as low as $200, and the selling pressure is expected to increase.  ETH has been grinding in the lower zone since the past week. 

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Mohit Sorout, analyst, stated, "$ETH is going to $200, and only a miracle can save it.”  It is expected that there is further room for ETH to fall.

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A couple of Ethereum startups are teaming up to bring in a bank account like protection to the users of ETH.

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Itamar Lesuisse, Argent co-founder, stated, “We are thinking about not just crypto users but also new users – and so the end goal is to repeat what they get from their bank.”

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Nexus and Argent are creating a fund which would provide insurance to its investors against losses.  The users should invest in NXM tokens to participate.

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Hugh Karp, the Nexus founder, stated: "In general, what we are trying to do is provide cover to the crypto community when it can't access it via the normal means.”

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When the product went live in the past week, it was stated, “We want to show people that’s how confident we are; we are staking ourselves.”

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The overall technical situation in the cryptocurrency market has not changed.  Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple are the commonly most watched tokens,…

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None of the coins made a technically significant move.  The movement of the price trends was within the volatility range.

The Currency Analytics

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