BITCOIN AND CRYPTO MARKET SHIFTS

The crypto market has always been intense in the ten years of its existence. The way investors never know what to expect can be comparable to a story that always keeps the audience on the edge of their seats. However, an aspect of the crypto market that has been particularly interesting is the relationship between the two leading crypto coins, Bitcoin (BTC) and Ethereum (ETH). This dynamic is important not only for these two cryptocurrencies but also for the crypto market as a whole.

The pair entered the decreasing price range in the summer of 2017 and has been struggling ever since. The value at the time was 0.15, however, currently, the price is the lowest for the ETH/BTC pair standing at 0.02. The predictions for the pair seem bearish, yet, breakdown of the current downward trend is very much possible. It was expected that after the Ethereum Istanbul hard fork and as the network is making a switch from Proof of Work to Proof of Stake, the Ether price would rise, but the prediction didn’t turn out to be true.

Although there is still a month left before the end of 2019, if the crypto market stays as volatile as it is now, it won’t be good for Ether. Compared to USD, Ether is sitting just below the 150 USD mark at 149.3 USD.

XRP, on the other hand, remains in the range of above 0.20 USD and is successfully dodging a bearish spiral. Currently, the XRP price is sitting at 0.227 USD. The resistance range above 0.227 USD is 0.237 USD and below, the support range is at 0.22 USD. XRP predictions for the near future are bullish.

Cryptocurrency prices are in a season of change and Bitcoin is leading it as the next reward halving approaches. To know more details about Bitcoin and its price, take a look at Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

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ETHEREUM ISTANBUL UPDATE IS COMING

The Istanbul hard fork is going to take place near 11:30 PM, which is currently planned to happen after 1,000 blocks as Ethereum blocks passed the 9068000 mark. After the switch to Constantinople that occurred in February, Istanbul will be the first hard fork shift for this blockchain-based network. The program that these two stages, Constantinople and Istanbul, are a part of is Metropolis, which was announced two years ago.

Istanbul is changing the Ethereum blockchain, in order to make it more scalable. After this hard fork, the Ethereum network will work better with Zcash, which is a crypto coin centered around privacy. Due to this upgrade, the Zero-Knowledge Succinct Non-Interactive Arguments for Knowledge will become much less expansive. This will provide users the opportunity for showing their awareness without revealing what they actually know. This new technology is considered essential for the privacy updates that Ethereum is making.

According to a post by the Ethereum Foundation that was published on November 20, for users of the Ethereum network and owners of the Ether coin, instructions will be given from their crypto exchanges and wallets. Yet, miners, as well as node operators, should inform clients about changes in the network.

Despite the numerous recent changes in the Ethereum system, it is still unknown what is the network’s future after Istanbul. As Ethereum moves from Proof of Work to Proof of Stake, some users are worried that there will be issues in the network. There have been numerous proposals to ease the challenging developments of the network. The third improvement is going to be called Berlin, however, it is still not known what changes Berlin will bring to the Ethereum network.

 

Ethereum is changing and setting new standards for cryptocurrency. To learn more about Ethereum & Ether price, check out at Ethereum Price updates and Ethereum Price Predictions. Stay in charge of the price movements and your crypto investments.

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BTC AND ALTCOIN PRICE SHIFTS

As Bitcoin (BTC) fluctuates between 6,800 and 8,200 USD, other crypto coins are demonstrating a remarkable growth during the last week. For instance, Matic Network (MATIC), which currently ranks 49th based on market cap, had a rise of 83 percent. On the other hand, Ravencoin (RVN) experienced a rise of 46 percent. Usually, this happens in times when Bitcoin is undergoing low volatility.

As Bitcoin is trying to rise above 7,600 USD, as it was previously, we still need additional analysis to know if the market has a positive environment for altcoin prices can keep going up. However, the Bitcoin price is still showing signs of decrease. The price temporarily fell to around 6,500 USD. After that, Bitcoin has been alternating within the range of 6,800 to 7,800 USD, which became a point of resistance. The decrease in Bitcoin price, the volume of the crypto coin decreased. As the price enters the range from 6,800 to 7,800 USD, the volume starts to decrease. As the price moves over 7,000 USD, the growth rate increases. Currently, 7,400 USD is an important level, if Bitcoin is going to move upward.

The cryptocurrency market is overall following a similar pattern to Bitcoin. Although crypto prices are going downward, their movements are different from Bitcoin. The market cap of all crypto coins is currently shifting around 210 billion USD. The shifts are comparable to the ones taking place last month, however, it is a possibility that the crypto market will experience a positive movement in value soon.

Despite the current lows, the crypto market is doing pretty good. In the beginning of the year, the Bitcoin price dropped to 3,100 USD and has seen a quick rise recently. Considering the current market movements, in 2020, Bitcoin will most likely experience a great increase in price.

 

Bitcoin is gaining more interest as the next reward halving is approaching. To learn more about Bitcoin and BTC price, check out  Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

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MICROSOFT TOKENS ON ETHEREUM BLOCKCHAIN

Microsoft Azure, which is a cloud platform owned by Microsoft and based on blockchain, made an announcement about their new crypto non-fungible token that is created to repay their developers. The tokens look like animated badges and aspire to compensate for good performance in the Azure community.  Microsoft also made a statement on the 4th of December that all of these tokens are limited in amount varying from 100 to 10k units.

The company stated that Azure Heroes wants to give rewards to those community members for having a positive impact. This includes creating sample codes, demos, coaching and blogging on the topic of Azure Heroes. People that contribute to the community will be recognized by badges in numerous categories.

The non-fungible tokens were built on the Ether blockchain network alongside with Enjin, a startup for creating suites for blockchain-based products. These new tokens will be created each season and they will be allocated by a QR code which enables the receiver to install the crypto wallet.

In order to receive this token, the individual should be chosen for it, which the person can do themselves. Those developers, who’s influence on the community was verified, will receive the badger.

The type of tokens that Microsoft will use is non-fungible tokens (NFT). These are crypto tokens based on the blockchain technology that are created uniques and irreplaceable. These tokens are used most of the time for collecting purposes online. One of the biggest and most famous examples is Cryptokitties.

Along with Microsoft as well as Eidos, Fabled Lands, a gamebook company, will be working on an online card game based on the blockchain technology. The game will be based on a gamebook by the name of “The Way Of The Tiger.”

 

In order to learn more information about Ethereum & ETH price, check out Ethereum Price updates and Ethereum Price Predictions. Be on top of the crypto market!

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THE LITECOIN FOUNDATION INVESTS IN GRIN

The Litecoin Foundation funded a GRIN crypto developer to find a solution to improve the Mimblewimble’s privacy.

A developer at Mimblewimble’s Grin crypto coin, David Burkett, had a thread with details on the cryptocurrency’s advancement as well as the privacy technology that was getting integrated in Litecoin. The news was announced by Burkett on Twitter this week.  In his tweet he stated that he is planning to post monthly updates regarding the company’s progress. He added that these updates are mainly for people who have interest in Litecoin development, but he will also discuss the Grin coin as well as changes regarding it.

When discussing Grin, Burkett mentioned a technology that will help make GRIN transfers more private. He stated that the most significant issue for Mimblewimble privacy is that, at first, transactions are broadcasted, which means that the inputs and outputs of the transfer can be clearly seen by the main nodes. He believes that a way to overcome this is sending the transaction to a server before the broadcasting is done.

Despite this claim, according to a recent report by researchers, the technology is substantially flawed and the issue can not be solved. This was stated after a developer succeeded in tracking over 90 percent of the transfers that took place on this network before everything was sent to the program that collects all the transactions that took place.

The researcher that conducted this experiment stated in his conclusion that the network is flawed, can not be fixed and shouldn’t be considered an alternative to similar projects, mainly Monero and ZCash, anymore.

Burkett’s efforts to improve the system will be funded by the Litecoin Foundation as he also will work on their other project with Litecoin. This was announced by Charlie Lee, creator of Litecoin, in October of this year.

The Litecoin Foundation is working to improve the crypto space. To find out more information about Litecoin and stay up-to-date, check out Litecoin Price updates.

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SBI HOLDINGS SWITCHING TO XRP

SBI Holdings, a financial service company based in Japan, announced that it is contemplating payments in XRP tokens for shareholders. This is after it’s subsidiary financial company, MorningStar, began using XRP.

MorningStar started offering dividends in XRP to shareholders earlier in 2019 and, after that, the Chief Executive Officer of SBI Holdings, Yoshitaka Kitao, announced that perhaps the business is considering to follow in their subsidiary’s footsteps. This was reported by Cointelegraoh Japan on the 5th of December. The program will be launched in March 2020 and the program will be opt-in.

MorningStar, the financial research firm,  disclosed its intention to use XRP tokens for dividends in August of this year. During the announcement, MorningStar stated that it will offer 30 crypto tokens to shareholders if by the end of next month they owned at least 100 shares.

After the company launched XRP token dividends, there was a significant rise of the use of the cryptocurrency exchange by SBI, the SBI VIC Trade.

SBI Holdings has worked with Ripple, the company that issues XRP, before. The two firms have a joint venture SBI Ripple Asia that was launched in order to encourage usage of the XRP token in Asia three years ago.

When SBI released its new financial report in October 2019, they made an emphasis on the great importance of the Ripple technology and its influence on SBI. This April, Yoshitaka Kitao also became the executive of Ripple Labs and Kitao stated that he is planning to keep encouraging usage of blockchain technology and the application of crypto coins in the financial service industry in Asia, especially in Japan. He also added that his main goal is creating a service that provides people high benefits.

 

Ripple is taking over the world and developing the global financial system. To learn more information about Ripple & stay up-to-date, take a look at Ripple Price updates & Ripple (XRP) Price Predictions.

 

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CIVIC CO-FOUNDER BITCOIN PREDICTION

The co-founder of Civic.com, Vinny Lingham, stated that although Bitcoin (BTC) won’t reach 28,000 USD in 2019, it still has the potential to get to 20,000 USD by the end of the year. Lingham even bet in charity that her predictions will be true.

Although there is only a few days left until the end of this year (as well as this decade), the founder and director of Standpoint Research, a US-based research company, Vinny Lingham and Ronnie Moas. The prediction was made by the two crypto enthusiasts in 2018 during the last day of the World Crypto Con. Travis Wright and Joel Comm from the podcast Bad Crypto had organized this event.

When the prediction is happening, Vinny stated that the people who’s predictions turn out to be false, will have to donate 20,000 USD to a charity that offers legal help to Ross Ulbrich, FreeRoss.org. Ulbrich was sent to jail for the creation of an anonymous market named Silk Road. He was convicted in February 2015 with charges of money laundering, hacking and was sentenced to two life imprisonments.

At the time, Vinny stated that Bitcoin could possibly reach 28,000 USD on “crypto exchanges with a good reputation.” Yet, Moas had a different idea, she believes that Bitcoin will hit 100,000 USD in only 5 years. She also stated that the rise will increase in speed after the Bitcoin halving that’s going to take place next year. Although some people were skeptical of Ronnie’s predictions, she defended her stance by saying that years ago everyone said that Amazon is overvalued and the current value of the company in 800 billion USD. However, she also said that Bitcoin and Amazon aren’t exactly comparable.

 

As the next Bitcoin halving approaches, the prices are expected to rise. To learn more about Bitcoin and its price, take a look at  Bitcoin Price updates and Bitcoin (BTC) Price Predictions. Stay on top of your investments.

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