If BTC get a big push to pump, then it will test 10000 again, or it will dump to 6500 to seek support.
I suggest wait now, if pass 7600, long it, if drop 7200 in 1 day, short it.
News today:
Bittrex get USD-BTC online, which should be a push to the market.
Not many people can generate the amount of excitement among ‘cryptonites’ as Ripple chief executive officer, Brad Garlinghouse. Speaking on Wednesday to CNBC’s Power Lunch, Garlinghouse declared that Bitcoin could be on the verge of experiencing an influence and price downfall in the cryptocurrency community as markets are gradually becoming aware of the different currencies and alternatives available to them.
“How are you going to use Bitcoin to buy a cup of tea? By the time the transaction is complete, it’s going to be hours later, your tea’s gonna get cold”
The Chairman of Blockchain Association of Uganda, Kwame Rugunda said that:
The conference will concrete mainly on how we can create an ecosystem based on blockchain and this would be an opportunity to position ourselves to be a vital part of global talks based on blockchain technology. Improved transparency and accountability in our governments and enterprises are one of the few benefits of including blockchain technology. These are the key factors in catapulting the economic growth of Uganda and making it an investment destination.
During the Blockchain Conference, ChangPeng Zhao said that Binance is working on opening an exchange in Uganda, but are also looking to go beyond Uganda, to the whole of Africa including Kenya.
Zhao further added that:
“Uganda is a very good point to start, but we want to expand across the whole of Africa. They don’t want to just limit themselves by creating a local community just in Uganda”
He also said:
“We have tremendous interest in working with various organizations and we are always looking to partner up with as many as organizations as we can.”
No cryptocurrency on the list has received an A or a B+ rating. Overall, fourteen coins were rated B or B-. ADA, DCR, EOS were rated B, whereas BTC, ETH, BTS, IOTA, ONT, NEO, XRP, STEEM, TRX, XLM, and ZIL were rated B-.
54 cryptocurrencies were rated either C, C+ or C-. They include BCH, DASH, DOGE, ETC, LSK, LTC, XMR, XEM, QTUM, SC, STRAT, UBQ, VEN, WAVES, and ZEC.
Cryptocurrencies do not have to achieve an A grade to merit interest by investors. A ‘B’ or even ‘B-‘ also qualify as the investment rating equivalent to ‘buy.’ At the same time, investors should not be overly alarmed by a ‘C’ rating. It is a passing grade; and for investors, implies the equivalent of ‘hold.’
On May 29th, a collaboration between NEM foundation, Tutellus and Cryptonomos was announced. Tutellus, a decentralized stage that pays clients for studying and learning the material will now utilize the NEM blockchain to alter course aides and change the way that understudies and instructors find the opportunity to give and gain knowledge.
The Tutellus arrange is utilized as a learning stage, by moving their company to a token-based model on the NEM blockchain. Tutellus plans to change the force structure of planning that was earlier based on an alternate installment display. Tutellus blockchain instructors and understudies will get tokens quickly to meet course related targets and accomplishments.
Albert Castellana, a council member NEM Foundation says:
“Tutellus is an inspiring platform for lots ofreasons: theyre already one of the strongest players in the digital education market and their vision for the future is very compelling. Projects that use blockchain technology in new and innovative ways like tutellus are the ones that the NEM Foundation find most exciting. “
To begin with, and observing the graph above, the rise to $0.91 was not gradual, but rather a spike over 3 or 4 days that began on December 20th when XLM was valued at $0.21. Back in December and January, the crypto-markets were experiencing some exciting times due to the entry of new individual and institutional traders. The latter happening with the offering of BTC Futures on December 17th.
A similar rally is expected when BTC bottoms out at around $5,500 to $5,700 somewhere in mid to late June. Therefore, XLM could be headed for a big ride also.
A second reason why XLM will make it to $1, is the current relationship the project has with IBM. The Stellar blockchain will be used to launch a token that will help track carbon credits. This means that XLM will gather the global attention of the said large institutions that deal with large carbon emissions through their day to day operations. Most of these firms are on the Fortune 500 list and also keen on new investment avenues.
The third reason, and still on IBM, is that the latter currently has 9 XLM nodes to aid in the cross-border settlement of payments across the globe. XLM is used in the inner workings of the service as a way of sourcing instant liquidity that is then converted to regular fiat at both ends of the transaction. Also on the issue of financial services, several global central banks have expressed interest in launching their own cryptocurrencies on the Stellar blockchain.
The fourth and not exactly the last reason for XLM to rally to $1, is the recent partnership XLM has with the Kin (KIN) project. The team at Kin has decided to fork the XLM blockchain to provide a hybrid solution to its platform. This will allow the Kin ecosystem to be faster, more efficient and with low transaction fees. The use of the Stellar blockchain by Kin will also lead to more projects opting for Stellar to the other options out there such as Ethereum.
