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Posts published in “Opinion”

Happy Bitcoin Pizza Day! With a 2018 Twist

The world’s hippest bitcoin community (Tokyo) kicked off 2018’s Bitcoin Pizza Day tonight in the usual style: lots and lots of pizza. But in a twist that reflects the changing mood in this part of the world, most chose to pay for their pies with bitcoin cash (BCH). Also see: Amazon’s Existence Proves Folly of …

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Ethereum Classic Price Analysis: ETC/USD Could Decline Further

Key Highlights Ethereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar. There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to decline and it could retest the $16.80 and...

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Ripple Price Analysis: XRP/USD’s Downside Break

Key Highlights Ripple price declined recently after buyers failed to push it above $0.7100 against the US dollar. Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now trading below the $0.6800 support level and the 100 hourly...

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Ethereum Price Analysis: ETH/USD Back Below $700

Key Highlights ETH price failed to extend gains above the $724 level and started a downside move against the US Dollar. Yesterday’s highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now well below $700 and the 100 hourly simple...

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Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

Key Points Bitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar. There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline and it could test the...

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Amazon’s Existence Proves Folly of ‘Blockchain Solutions,’ Tokenization

It’s no big secret that the industry is distancing itself from the term “ICO” due to SEC enforcement and a taint from scam artists that is impossible to wash off. Euphemistic terms like “token sale,” “asset driven platform,” and others have taken the scene by storm, but there’s also been another bizarre development in the …

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Ripple Price Analysis: XRP/USD Could Extend Upsides

Key Highlights Ripple price is slowly on the move and is currently trading above the $0.6800 resistance against the US dollar. There is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely in an uptrend and it...

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Ethereum Price Analysis: Can ETH/USD Continue Higher?

Key Highlights ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar. There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to stay above the $704 support and the 100 hourly...

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Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key Points Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar. There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise, but it could correct lower to test...

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Old Mining Tech May Destroy ASIC Resistance in Most Altcoins

FPGAs have been a fixture in BTC mining since the early GPU days, but they’re generally regarded as an interesting footnote on the road to ASIC mining. They might be back in a big way, though: a Bitcointalk.org thread surfaced recently, wherein a poster claimed to have FPGA programs capable of mining several ASIC-resistant Proof-of-Work …

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