Blockchain Consultants

Blockchain Transformations Done Here

ETH

Ethereum Price Prediction: ETH/USD May Keep the Price above $2100 as Bulls Set Target at $2200

by Leave a Comment

ETH Price Prediction – April 11

ETH/USD is still struggling to stay above $2200 as the entire market takes a brief pause.

ETH/USD Market

Key Levels:

Resistance levels: $2400, $2500, $2600

Support levels: $1900, $1800, $1700

ETHUSD – Daily Chart

ETH/USD is currently recovering above $2100 and it is likely to climb back above $2150 soon. Ethereum has remained relatively flat as the bulls and bears are struggling for the $2100 level. Meanwhile, the yearly high remains at $2158.69 with the nearest support level located at $2112.58 in the short term.

What is the Next Direction for Ethereum?

As ETH/USD keeps hovering above the 9-day and 21-day moving averages and if the price breaks above the upper boundary of the channel, it could test the potential resistance at $2200. However, a successful break above the channel could open the doors for an additional increase above the $2300 level. In the mentioned case, the price is likely to rise towards the $2400, $2500, and $2600 resistance levels in the coming sessions.

More so, as the technical indicator RSI (14) moves above the 60-level, which causes the market to remain at the upside but breaking below this level, may cause the coin to hit the nearest support at the $2000 level. If there is a bearish break below the 21-day moving average, ETH/USD could test the critical support at $1900, and any further bearish movement could lead to the support levels of $1800 and $1700 respectively.

When compares with Bitcoin, the Ethereum price is seen struggling above the 9-day and 21-day moving averages as the market keeps moving sideways; approaching the 0.036 BTC resistance level. Meanwhile, the 4-hours technical indicator RSI (14) is moving above 60-level, a slight bullish confirmation.

ETHBTC – Daily Chart

However, if the price breaks the important 0.036 BTC level, the bulls might push the market back to the 0.038 BTC. Therefore, if a breakout occurs above the upper boundary of the channel, traders may expect an immediate resistance at 0.039 BTC and above. Meanwhile, below the channel, the key support level could be located at 0.033 BTC and below.

Ethereum Price Prediction: ETH/USD May Keep the Price above $2100 as Bulls Set Target at $2200

Source

Price analysis 4/9: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA

by

Hong Kong tech company Meitu revealed on April 8 that it had added $10 million worth of Bitcoin (BTC) to its holdings which were purchased at an average rate of $57,000 per coin. After the latest purchase, Meitu’s total cryptocurrency portfolio consists of $49.5 million worth of Bitcoin and $50.5 million worth of Ether (ETH). This acquisition shows that institutional investors are confident that the rally in Bitcoin is still in its early stages.

Tom Jessop, Fidelity’s head of the crypto division, believes that Bitcoin has reached a tipping point and that traditional finance companies will continue to adopt cryptocurrency aggressively in the next few years. Jessop believes the massive monetary stimulus from governments and central banks has accelerated institutional adoption and this is a trend that could extend for at least another year.

Daily cryptocurrency market performance. Source: Coin360

It is not only institutional investors who are rushing into cryptocurrencies. Data shows that the number of retail investors trading cryptocurrency has also increased. Popular trading app Robinhood reported on April 8 that crypto trading on its platform surged to 9.5 million users in Q1 2021, a six-fold increase over Q4 2020.

While crypto adoption is on the rise, some legacy finance firms are still taking an anti-crypto approach. HSBC has reportedly blacklisted MicroStrategy stock and will not allow customers on its HSBC InvestDirect platform to buy shares from the company.

Will Bitcoin and major altcoins extend their uptrend and attract more buyers or will they enter a corrective phase? Let’s analyze the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

The bears could not capitalize on Bitcoin’s break below the 20-day exponential moving average ($57,043) on April 7. Their failure to break the 50-day simple moving average ($54,572) support could have attracted buying from the aggressive bulls, resulting in the rebound on April 8.

BTC/USDT daily chart. Source: TradingView

However, today’s Doji candlestick suggests the bulls are struggling to sustain the momentum at higher levels.

The BTC/USDT pair has formed an inverse head and shoulders pattern that will complete on a breakout and close above $60,000. This bullish setup has a target objective at $69,540. If the bulls sustain the momentum and clear this hurdle, the uptrend may reach the next target at $79,566.

Contrary to this assumption, if the price turns down from the current level, the bears will once again try to break the critical support at the 50-day SMA. If they succeed, the selling could intensify as short-term traders may rush to the exit. That could pull the pair down to $50,460.02 and then $43,006.77.

ETH/USDT

Ether’s (ETH) drop on April 7 was arrested at the 20-day EMA ($1,933), which shows the bulls are accumulating on dips. The price rebounded sharply on April 8 and rose above the resistance at $2,040.77.

ETH/USDT daily chart. Source: TradingView

The bulls will now make one more attempt to climb above the all-time high at $2,150. If they manage to do that, the ETH/USDT pair could resume its uptrend and march toward the next target objective at $2,618.14.

However, the bears are likely to have other plans. They will try to pull the price below the 20-day EMA. If that happens, several aggressive bulls may get trapped. That could intensify the selling, resulting in a drop to the trendline. A break below this support will suggest a change in trend.

BNB/USDT

Binance Coin (BNB) continues to be in a strong uptrend. The bulls flipped the $348.69 level to support on April 7 and followed that up with a breakout to a new all-time high on April 8. This shows a strong appetite from the bulls.

BNB/USDT daily chart. Source: TradingView

The upsloping moving averages and the relative strength index (RSI) above 75 indicate that the bulls are in command. The next target objective on the upside is the $500 to $530 zone where the bears may mount a stiff resistance.

On any correction, the first support to watch out for is the 20-day EMA ($334). A strong rebound off this support will suggest the sentiment remains bullish and traders are buying on dips.

However, if the BNB/USDT pair dips below the 20-day EMA, it will suggest that the bullish momentum is weakening.

XRP/USDT

XRP made successive inside day candlestick formations on April 7 and April 8. The current price action is pointing to another inside-day candlestick pattern today. The drop in daily volatility shows the altcoin is still digesting the recent gains.

XRP/USDT daily chart. Source: TradingView

This tightening of the intraday range usually ends with a strong breakout. If the uncertainty resolves to the upside and the bulls drive the price above $1.11, the XRP/USDT pair could start the next leg of the rally that could take it to $1.34 and then $1.66.

Alternatively, if the indecision resolves to the downside, it will suggest that supply exceeds demand and traders have dumped their positions. If that happens, the pair could drop to the 20-day EMA ($0.72). A break below this level could pull the price down to $0.65.

ADA/USDT

Cardano (ADA) dipped below the 20-day EMA ($1.18) on April 7 but the bulls did not allow the price to slip below the 50-day SMA ($1.16). This shows the bulls are defending the moving averages aggressively.

ADA/USDT daily chart. Source: TradingView

The buyers will now try to push the price above $1.33. If they manage to do that, the ADA/USDT pair could rise to $1.48. This is an important level to watch out for because the pair has returned from it on two previous occasions.

If the price again reverses direction from $1.48, it will suggest that the range-bound action may continue for a few more days. On the other hand, if the bulls can drive the price above $1.48, the pair could resume the uptrend toward the next target objective at $2.

A break below the moving averages will be the first sign of weakness and that could result in a drop to the $1.02 support. If this level breaks down, the bears could start a deeper correction to $0.80.

DOT/USDT

Polkadot (DOT) bounced off the 20-day EMA ($38.68) on April 7, indicating buying on dips. The bulls will now try to push the price above the overhead resistance at $42.28.

DOT/USDT daily chart. Source: TradingView

If they succeed, the DOT/USDT pair will retest the all-time high at $46.80. A breakout and close above this level could start the next leg of the rally that has a target objective at $53.50 and then $57.

The gradually upsloping 20-day EMA and the RSI in the positive territory suggest the bulls have the upper hand.

However, if the price turns down from the current level and breaks below the moving averages, it will indicate that traders are closing their positions on rallies. That could result in a fall to $32.50 and then $26.50.

UNI/USDT

The bulls successfully held the $27.97 support on April 7, which is a positive sign as it shows accumulation on dips. Uniswap (UNI) bounced back above the 20-day EMA ($29.65) on April 8 and the buyers will now try to push the price above $32.50.

UNI/USDT daily chart. Source: TradingView

If they succeed, the UNI/USDT pair could rally to the $35.20 to $36.80 overhead resistance zone. The bears are likely to defend this zone aggressively. If the price turns down from this resistance, the pair may extend its stay inside the range for a few more days.

Contrary to this assumption, if the price turns down from the current level, the bears will make one more attempt to pull the price below the $27.97 to $25.50 support zone. If they manage to do that, the pair could start a deeper correction to $20.74.

LTC/USDT

Litecoin (LTC) successfully completed the retest of the breakout level from the symmetrical triangle on April 7. That was followed by a rebound on April 8, but the bulls are struggling to pick up momentum.

LTC/USDT daily chart. Source: TradingView

This shows hesitation to buy at higher levels. If the bulls do not overcome the hurdle at $246.96 within the next few days, the possibility of a break below the 20-day EMA ($207) increases. In such a case, the LTC/USDT pair could drop to the support line.

Contrary to this assumption, if the bulls sustain the momentum and propel the price above $246.96, the pair could start the next leg of the uptrend that may reach $307.42. The gradually rising 20-day EMA and the RSI above 59 suggest a minor advantage to the bulls.

LINK/USDT

Chainlink’s (LINK) sharp reversal on April 7 could not break below the 20-day EMA ($30.29). This shows the sentiment remains positive and the bulls are buying on dips. The rebound on April 8 rose above the $32 resistance but the bulls are struggling to build on this strength today.

LINK/USDT daily chart. Source: TradingView

If the price turns down and breaks below the moving averages, it will suggest that supply exceeds demand at higher levels. That could pull the price down to the critical support at $24.

On the other hand, if the bulls again defend the 20-day EMA, the LINK/USDT pair could rise to the all-time high at $36.93. A breakout and close above this resistance will suggest the bulls have absorbed the supply and that may indicate the start of the next leg of the uptrend.

However, if the price again turns down from $36.93, the pair could extend its stay inside the range for a few more days.

THETA/USDT

After the large range day on April 7, THETA made an inside day candlestick pattern on April 8 and has followed it up with another one today. This shows indecision among the bulls and the bears about the next directional move. While the bears are defending the overhead resistance, the bulls are buying on every minor dip.

THETA/USDT daily chart. Source: TradingView

The upsloping 20-day EMA ($11.33) and the RSI above 62 suggest a minor advantage to the bulls. The buyers will have to clear the hurdle at $14 to signal the start of the next leg of the uptrend. If they manage to do that, the THETA/USDT pair could rally to $17.65 and then $22.50.

On the contrary, if the bears sink the price below the 20-day EMA, it will be the first sign of a possible change in sentiment. It will suggest that the bulls are no longer buying the dips to the 20-day EMA. The next critical support to watch will be $10.35. If this level is taken out, a deeper correction to the 50-day SMA may start.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Price analysis 4/9: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA

Source

Ethereum Price Prediction: ETH/USD Triggers A Fresh Increase; Price May Head For $2100

by

ETH Price Prediction – April 8

ETH/USD bullish action is breaking above the $200 barrier as the coin currently focuses on a $2100 resistance level.

ETH/USD Market

Key Levels:

Resistance levels: $2200, $2300, $2400

Support levels: $1800, $1700, $1600

ETHUSD – Daily Chart

ETH/USD begins to refresh above the 9-day and 21-day moving averages in order to remain above the $2000 resistance level as the coin currently trades at $2063 with a bullish crossover in the intraday. At the time of writing, ETH/USD touches the daily high of $2077. Higher support at $1950 is expected to be a stepping stone for a comeback below $2000 but the majestic rally could eye $2100 resistance level.

What to Expect from Ethereum (ETH)

Looking at the daily chart, parallel trade can only take over in the ETH trading if the $2000 subsidy is maintained at all costs. At the moment, the technical indicator RSI (14) is about to cross above the 60-level by sending the bullish signals to the upside and this may encourage more buyers to enter the market.

Meanwhile, the coin may continue to do well and the price could hit the resistance levels at $2200, $2300, and $2400 in as much as the 9-day MA stays above the 21-day MA, More so, if the technical indicator decides to make a quick turn back to the lower side, then, there may be a quick bearish drop within the channel and this may likely roll the market down to the support levels of $1800, $1700, and $1600.

Against BTC, Ethereum is trading above the 9-day and 21-day moving averages as the price is now hovering at 0.035 SAT as the technical indicator RSI (14) moves above the 60-level. Meanwhile, for the fact that the market follows the descending channel, the pair seems to be moving towards the upper boundary of the channel to cross into the upside.

ETHBTC – Daily chart

However, if this comes to pass, the resistance levels to be reached are located at 3900 SAT and 4000 SAT. On the other hand, a higher sustainable move below the moving averages may likely cancel the bullish pattern and could attract new sellers coming into the market with the next focus on 3300 SAT and 3200 SAT support levels.

Ethereum Price Prediction: ETH/USD Triggers A Fresh Increase; Price May Head For $2100

Source

Top NFT Projects You Must Know in 2021

by

Top NFT Projects You Must Know in 2021

Wondering what NFTs are? Want to know some of the top-rated NFTs? Well, we have got you covered! 

Table of Contents 

  • What are NFTs?
  • Top-Rated NFT Projects on the Rise 
  • Concluding Lines 

What are NFTs?

NFTs stand for Non-fungible tokens, which means that they are unique and can’t be replaced with something else. If we talk about a fungible asset, it is something with units of data that can be interchanged easily and quickly – for instance, money. 

In the digital world, most technocrats define non-fungible tokens as “one-of-a-kind” assets that can be bought and sold like any other property but have no tangible form of their own.

Here it is important to note that although NFTs can be anything digital, for instance, drawings, music, etc., but at present, excitement is around using the technology to sell digital art.

In most simple words, NFT is a unit of data on a digital ledger called Blockchain, where each can represent a unique digital item.

Want to gain an in-depth understanding of Blockchain Technology and become a Certified Blockchain Expert? Get started today!

Top-Rated NFT Projects on the Rise 

CryptoPunks 

It is one of the high-grossing NFT projects and is considered to be one of the most simplified art forms for NFTs. Blockchain Experts and technocrats believe that it is a project that inspired the modern CryptoArt movement. CryptoPunks project enables its users to trade and store 10000 unique collectible characters generated uniquely using Proof-of-Ownership stored on the Ethereum Blockchain. By providing art ownership that can be transferred smoothly and continuously between users, this project is creating a decentralized digital art market. Its website describes itself as the first “NFT” on the Ethereum Blockchain network and an inspiration for the ERC-721 standard, powering most digital artworks and collectibles.

Are you a beginner in the Blockchain space? Get started today as a Certified Blockchain Expert with Blockchain Council!

SuperRare

Founded in 2017, it is a marketplace for single-edition digital artworks that uses an ERC-721 token that is traceable and cryptographically secured to represent each digital artwork. 

What happens is artists upload their digital artwork, and the platform certifies the digital artworks on the Ethereum blockchain network in order to prevent forgery and offers to trace. In addition to this, SuperRare charges artists a percentage of commission to upload artworks on the platform. As the platform is among the top-ranking NFT-art marketplaces, it has reached an all-time trading volume of around $7.5 million, and also more than 12 000 pieces of digital art have been sold. 

Pascal Boyart 

The OpenSea storefront of Pascal Boyart has sold digital artworks of approximately 400 ETH, with new offerings prices above 75ETH. As the name of the project suggests, Boyart is a skillful artist based in Paris who creates Digital Collectibles from his street art frescoes and has sold some of his artworks in a tokenized form in the past.

Talking about the new mural paintings, these are encased in newly minted non-fungible tokens and are sold at an auction, indicating that the crypto domain can build an art market easily within months. According to reports, Boyart’s murals also got featured in the digital Museum of Crypto Art.

To have a look at the recently added artworks by Pascal Boyart, you can visit: 

https://opensea.io/collection/pascal-boyart?ref=hackernoon.com

The SandBox

Sandbox’s website describes itself as a community-driven platform where producers can monetize voxel assets and gaming experiences on the peer-to-peer, decentralized, Blockchain platform. The Sandbox is powered by SAND (ERC-20) token and ERC-1155 tokens: LAND and FUND. The platform features three sub platforms, namely:

  • VoxEdit enables users to create and animate voxel art and export them worldwide.
  • A marketplace that provides a place to sell and collect the most beneficial assets. 
  • Game Maker allows consumers to make and play any game of their choice that they ever imagined. 

This platform partners with Atari, Square Enix, Care Bears, The Smurfs, and other leading brands. Although it has entered the crypto space recently, the project is the seventh valuable NFT protocol. 

Lil Moon Rocket

Unlike other NFT projects that are built on Ethereum Blockchain, Lil Moon Rocket is an NFT project that uses the Binance Chain to issue NFTs and subsequent “name rockets” tokens. The project follows the latest trends in the Combination of vector art and algorithm generation. Each customer can obtain their own moon rocket picture after the initial selling of the digital artwork. Lil Moon Rockets uses its own “blind auction” model to keep project managers and early competitors from purchasing the most desirable artwork first. At the completion of the smart contract, all artwork will be revealed. The best part is that owners can co-create uniqueness by renaming the artworks with full ownership, and the first collectible with determined consumer traits are offered in vector graphics.

Concluding Lines 

NFTs have the potential to transform digital exclusivity and offer a new definition to digital property rights. As celebrities have begun collaborating with NFT projects, projects have started gaining momentum, with projects reaching record-breaking sales. As a result, we will foresee NFT growth in 2021 and beyond, as well as deeper integration between decentralized finance(DeFi) and NFTs to make them more liquid and valuable. To sum up, combining art and collectable characteristics seems to be one of the most effective ways to draw new buyers.

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Top NFT Projects You Must Know in 2021

Source

Ripple Vs SEC: Discussions Opened For Defining Crypto As Securities

by

The US Securities and Exchange Commission (SEC) and Ripple Labs have had a very long, very interesting relationship. Recently, however, Ripple Labs has been granted access to the documents of the SEC that express the interpretations and views of the SEC when it comes to crypto assets.

Playing The Technical Game

Law360 showed that one Sarah Netburn, a US Magistrate Judge, had granted Ripple Labs the motion “in large part.” The Judge had concluded that the memos and minutes of the SEC regarding cryptocurrencies are likely discoverable but asserted that staff-to-staff email communications are not to be produced. Another detail Netburn allowed is for either RIpple or the SEC to raise disputes with the ruling if they wished.

It was back in December of last year when the SEC filed its lawsuit against Ripple. In this lawsuit, the regulator accused Ripple Labs, including Christian Larson, the Chairman, and Brand Garlinghouse, the CEO, of raising a total of $1.38 billion by way of an unlicensed security offering, which they did all the way back in 2013.

A Crack Legal Team Is Severely Versatile

Not to give the jig up just yet, Ripple promptly challenged the SEC’s lawsuit, claiming that an asset expressly used for online settlements is more akin to Ether or Bitcoin. Both of these assets have been declared commodities by the SEC. Another important factor Ripple hammers home about is the 8-year time gap the agency took in terms of filing a complaint against RIpple as a whole.

Matthew Solomon stands as the Counsel of Garlinghouse, with Law360 reporting that Matthew Solomon is convinced that the SEC’s lawsuit could be “game over” should they manage to find any evidence that the regulator had compared XRP to ETH or BTC. Through this technicality, XRP would be classified as a commodity instead of security, and thus be outside of the jurisdiction of the SEC.

The Legal System Is Always Complex

Another point lawyers are hammering home on, is the fact that the SEC has taken a whole of 8 years to file the complaint. As such, the law firm is doing its best to undermine the claims of the regulator should they find any documentation that is counterintuitive to the official classification of XRP by the SEC.

Solomon declared that this sort of discovery is needed in order to defend the client in question

Time will tell how successful this antic will be. Many in the crypto space already see RXRP as a security and are simply waiting for them to be caught out for it

Ripple Vs SEC: Discussions Opened For Defining Crypto As Securities

Source

CryptoSignals.org – The Best New Crypto Signals Provider for 2021

by

Cryptocurrency trading can be challenging even for experienced day traders. The market is extremely volatile, there are dozens of top coins to follow, and trade setups can appear and disappear in seconds.

CryptoSignals.org is a service designed to help cryptocurrency traders navigate this complex environment. This Telegram signals group offers BTC and ETH crypto signals to help members trade short-lived setups and profit from the daily movements of the cryptocurrency market.

CryptoSignals.org seeks to return 1,500 pips each month from BTC crypto signals alone. The group has quickly earned a reputation as the best new crypto signals provider for 2021.

About CryptoSignals.org

The roots of CryptoSignals.org began in 2014, when a group of traders broke into what was then still a very young cryptocurrency market. The traders saw a need for a reliable system to trade around the price of Bitcoin and built a custom trading framework that incorporates fundamental analysis, technical analysis, and artificial intelligence.

The result is a series of trading signals for BTC, ETH, LTC, and XRP that boast an overall success rate of 82%. All CryptoSignals.org trading signals are built around setups with a risk-to-reward ratio of 1:2 or 1:3 by trading in the direction of the overall market. This ensures that CryptoSignals.org is able to maximize profit potential while minimizing downside risk.

CryptoSignals.org uses a combination of strategies including scalping and swing trading to maximize opportunities for trading in different market conditions. In addition, the group’s algorithm-driven trading system is at work 24/7 since the cryptocurrency market never sleeps.

CryptoSignals.org Telegram Group

After years of development, the traders behind CryptoSignals.org are making their trading system accessible to the public through free and paid crypto signals Telegram groups.

Anyone can join CryptoSignals.org’s free crypto signals Telegram group regardless of their past cryptocurrency trading experience or their portfolio size. The free group includes 3 signals per week and you only need to enter your name, email, and phone to sign up.

The CryptoSignals.org premium Telegram group includes instant access to all of the group’s trading signals for a total of 2-3 crypto signals per day. A membership costs £35 paid monthly, £65 paid quarterly, £95 paid bi-annually, or £175 paid annually. All membership periods come with a 30-day money-back guarantee, so there’s no risk when you sign up with CryptoSignals.org.

CryptoSignals.org has also partnered with three cryptocurrency CFD brokers – Longhorn FX, Eightcap, and AvaTrade. Traders who open new accounts with these brokers get free lifetime access to the premium CryptoSignals.org Telegram signals group.

Each CryptoSignals.org trading signal includes 5 key components for traders to watch.

  • Trading Pair: CyrptoSignals.org trades BTC, ETH, LTC, and XRP
  • Long or Short: Digital currencies can be traded in either direction
  • Limit: The target entry price for the trade
  • Stop-loss: A stop-loss price to minimize downside risk
  • Take-profit: A target price at which to exit the trade for a profit

All signals are accompanied by a detailed explanation of the setup and an annotated chart for technical analysis, so traders have an opportunity to learn and make their own trading decisions.

Start Trading with CryptoSignals.org Today

CryptoSignals.org offers paid and free crypto signals Telegram groups for trading BTC, ETH, LTC, and XRP. The service’s trading signals have a success rate of 82% and CryptoSignals.org seeks to profit at least 1,500 pips from BTC crypto signals every month.

CryptoSignals.org – The Best New Crypto Signals Provider for 2021

Source