Bitcoin is the Second Best Performer in 2019 but is the Least Volatile of All Crypto-Assets

Bitcoin is the Second Best Performer in 2019 but is the Least Volatile of All Crypto-Assets
  • Bitcoin one of the best performers with Binance Coin leading the market
  • BTC is the least volatile coin of them all

The leading cryptocurrency is beating ‘em all!

Bitcoin is not only outperforming the traditional assets like gold, oil, and government bonds in 2019 but also remains the king of the cryptocurrency market.

When it comes to one-year returns, the leading cryptocurrency might register mere 4 percent returns but still is at the second spot due to the reason that other top cryptocurrencies have 1-year returns in the negative.

While BTC is at the second spot, Binance Coin (BNB), the native token of the largest cryptocurrency Binance is the winner with 100 percent gains. If we take a look at other cryptocurrencies, Chainlink is the winner with almost 300 percent gains.

As per the data provided by Messari, Chainlink is followed by Bitcoin SV (185%), Ravencoin (130%), Holo (100%), Enjin Coin (42%), Moeda Loyalty Points (28%), and Basic attention Token (24%). However, with over 98 percent losses, RChain is the biggest loser.

Currently, the flagship cryptocurrency is trading at $8,005 with 24 hours gains of 0.72 percent. In the past seven days, BTC/USD is down by 6.54 percent while in the green by over 32 percent in the past 30 days and up by 115 percent till date in 2019.

Bitcoin is the Least Volatile Crypto-asset

The cryptocurrency market is known for being an extremely volatile market, much more than the stock market.

Volatility is actually the amount of uncertainty or risk associated with the size of the change in an asset’s value. A higher volatility means the value of an asset is spread out over a large range of values, meaning its price can change dramatically over a short time period in either direction. On the other hand, lower volatility means the value doesn’t fluctuate dramatically and tends to be more steady. Speaking of being steady, take a look at this monster chart.

Among all the cryptocurrencies, Bitcoin is the most stable one as in the past one year, its volatility has been the least at 0.55.

BTC is followed by Monero (0.78), Zcash (0.79) Binance Coin (0.79), Ethereum (0.81), Decred (0.82), Dash (0.82), Litecoin (0.83), Bitcoin Gold (0.83), and Lisk (0.84). Meanwhile, PChain has the highest 1 year volatility at 5.13.

Bitcoin’s price is $7,975.53 BTC/USD exchange rate today. The real-time BTC market cap of $141.55 Billion currently ranks #1 with a chart dominance at 55.51%, daily trading volume of $3.96 Billion and live coin value change of BTC -0.99 in the last 24 hours.

Latest Bitcoin Price News and Analysis

Latest Bitcoin Price News and Analysis

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Author: AnTy

Decred Price Prediction Today: Daily (DCR) Value Forecast – June 7

Bitmain Antminer D3 for Decred (DCR) Cryptocurrency Launches New Dedicated ASIC Rig
  • From the Fibonacci retracement tool, the bearish trend has broken the 0.236, 0.382 and 0.50 Fib. retracement levels.
  • From every indications, the current trend has been terminated.

DCR/USD Medium-term Trend: Ranging

  • Resistance Levels: $27.0, $30 ¸ $32.50
  • Support levels: $25 0, $22.5, $20.0

Yesterday, June 6, the price of DCR was in a bullish trend. On May 15, the price of DCR reached a high of $32.50 but the bulls were resisted at the $32.50 overhead resistance level. The crypto commenced a downward correction to the support of the 12-day EMA. The bearish pressure continued as the bears broke the 12-day EMA and 26-day EMA. The crypto’s price is below the EMAs which indicate that price is likely to fall. From the Fibonacci retracement tool, the bearish trend has broken the 0.236, 0.382 and 0.50 Fib. retracement levels.

The first two zones are continuation zone for any trending market. The 0.50 Fib.retracement level is a downtrend zone where the crypto’s price has reached the zone where the trend is being reversed. From every indication, the current trend has been terminated. Meanwhile, the price of DCR is in the oversold region but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.

DCR/USD Short-term Trend: Bullish

On the 1-hour chart, the DCR price was in a bullish trend. The price of DCR was in a bullish trend to test or break the overhead resistance level. The crypto’s price was making a series of higher highs and higher lows.

The bulls reached the overhead resistance level but could not break it. The bullish trend has also been terminated by a bearish candlestick. When a candlestick breaks a trend line and another on closes on the opposite of it, it is assumed that the price of the current trend has been terminated.

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The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

OmiseGo Price Prediction Today: Daily (OMG) Value Forecast – June 7

  • On the downside, if the bearish pressure continues, the crypto’s price will fall to a low at $1.40 or $1.60 price level.
  • On the other hand, if price breaks above the EMAs the crypto’s price will rise to retest the overhead resistance level.

OMG/USD Medium-term Trend: Ranging

  • Resistance Levels: $2.20, $2.40 ¸ $2.60
  • Support levels: $1.80, $1.60, $1.40

Yesterday, June 6, the price of OMG was in a bullish trend. On April 5, the OMG price reached its peak price of $2.49. However, on April 6, the bulls were resisted at the $2.49 overhead resistance. OmiseGo market had a downward correction to the support of $1.40 price level. At the $1.40 support level, the bulls make an upward move to the overhead resistance. The bulls break above the EMAs but were resisted at the $2.20 resistance level.

The crypto’s price fell from the $2.20 to the support of the 12-day EMA. On June 2, the bulls retested the overhead resistance but were resisted. The crypto’s price had another downward correction as the price fell below the EMAs at a low of $1.96. The crypto’s price is below the EMAs which indicate the price is likely to fall.

On the downside, if the bearish pressure continues, the crypto’s price will fall to a low at $1.40 or $1.60 price level. On the other hand, if price breaks above the EMAs the crypto’s price will rise to retest the overhead resistance level. Nevertheless, the OMG price is in the oversold region of the daily stochastic but below the 20%range. This indicates that price is a bearish momentum and a sell signal.

OMG/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price was in a sideways trend. The crypto’s price fluctuates between the levels of $1.90 and $2.10. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price tests the lower price range then resumes its range bound movement. Meanwhile, the price is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

John McAfee Summons ‘Anonymous’ Hackers to Combat The Current Crypto Ban In India

John McAfee Summons 'Anonymous' Hackers to Combat The Current Crypto Ban In India
  • John McAfee is requesting hackers to take action and help Indian crypto users
  • India is taking very hard policies related to digital assets

John McAfee, the recognized figure in the crypto market, has sent a few messages regarding the current situation that cryptocurrencies are experiencing in India. Indeed, he called hackers to take action now that Bitcoin is forbidden in the country.

John McAfee Against India’s Bitcoin Policy

On Twitter, McAfee wrote that if there was ever a time for Anonymous to take action, the time is now. He was making reference to the current situation that crypto enthusiasts are experiencing in India in which users of digital assets would have to spend 10 years in jail.

In another tweet, he wrote:

“The was has begun. An entire nation wishing to free itself is now punished for using the instrument of freedom.”

Nonetheless, these two tweets were deleted. The tweets were making reference to a bill that wants to prohibit Bitcoin ownership and trade in the country. India has taken very hard measures against the crypto market and several companies such as exchanges had to leave the country.

Lawmakers in the country are proposing to the government to impose 10 years of prison sentences to people that are related to digital currencies in the country. That includes mining, holding, selling, transferring, disposing of, issuing or dealing with virtual currencies directly or indirectly.

At the same time, Bitcoin investors would have to inform the government they own these digital currencies and they will have 90 days to sell them to the market.

John McAfee is a strong supporter of virtual currencies and blockchain technology. At the moment, he is running for president of the United States proposing to embrace distributed ledger technology (DLT) and cryptocurrencies.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T

Microsoft Links Up with Truffle to Integrate Blockchain Tools Into Azure for Developers

Microsoft Links Up with Truffle to Integrate Blockchain Tools Into Azure for Developers

Microsoft has made an important announcement today. The company is set to integrate the Truffle toolset on its Azure platform. Truffle is a blockchain startup and Azure is the cloud computing service provided by Microsoft, so they are a clear match.

According to the announcement made by the company, the users of the platform that is focused on helping developers to create and manage apps are able to use the Truffle tools ever since May 2.

Marc Mercuri, the principal program manager at Azure Blockchain Engineering, has affirmed that the company strongly believes in the power of the blockchain technology and that they not only investing because the customers are pressing them or something like that. They really believe in the potential all the potential that can be brought forward by this technology.

Truffle was one of the first projects that was backed by ConsenSys, the famous Ethereum incubator. The company first started to create tools that could be used by developers in order to create blockchain apps in a time in which it was very hard to do it.

The CEO of Truffle, a man named Tim Coulter, has affirmed that they wanted to make their program more accessible to other people, so this is a great part of why they are so focused on this new partnership.

At the moment, Truffle is integrated with AxCore and Quorum, an open source project created by JPMorgan, which has also created JPMCoin, a cryptocurrency-like token that will be used in internal transactions within the company.

The company affirms that its set of development tools have been downloaded over 2.7 million times. Now, by being integrated with Microsoft, the number is bound to increase. Coulter, who has described the partnership as “very exciting”, affirmed that this will open up the company’s services to a lot more people than now.

Truffle has several solutions which are being integrated right now into Microsoft Azure. One of them is the new Microsoft Visual Studio Code, which was created in order to enable smart contract creators to be able to test them before they actually deploy them for the first time, which helps to monitor their efficiency.

More Companies Adopting the Blockchain

Microsoft is far from being the only company to be adopting the blockchain technology. Amazon, with its Amazon Web Services platform, is another company to be making a huge progress in this field. Recently, Amazon Web Services has partnered with Kaleido, another project incubated by ConsenSys, which also offers development tools.

Companies such as Oracle and Salesforce are also creating their blockchain toolsets, so it looks like we’ll have plenty of these companies working in this area in the near future.

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Author: Gabriel M

Crypto Chart Analyst Peter Brandt: You Should Buy Ripple’s XRP and Litecoin (LTC)

Crypto Chart Analyst Peter Brandt: You Should Buy Ripple's XRP and Litecoin (LTC)
  • Litecoin (LTC) and XRP prices will likely go up significantly.
  • This, according to prominent Crypto trader Peter Brandt’s recent analysis which he shared via Twitter.

Many people follow cryptocurrency gurus in order to discover the best investments. They all have their hot takes and sometimes they are actually spot on in what is going to happen in the markets. Peter Brandt is often considered a very prominent crypto guru and he spoke on social media this week predicting the future of two popular crypto assets.

According to the crypto specialist, both Litecoin (LTC) and Ripple’s XRP token are going to get price increases soon.

He has affirmed that Litecoin will grow against Bitcoin soon and that the prices of the XRP tokens are also bound to increase in the next couple of months, reaching a price between $0.5688 and $0.6260 USD.

Litecoin To Go Up In August

While the expert did not talk a lot about XRP, which was only mentioned when he affirmed that prices would go up, he did talk about Litecoin and how the asset is ready for the price increase in August.

Both tokens were trading very well this morning, which is a signal that their price might start to enter full bull run mode soon. Litecoin was up by 9% this year while XRP was up around 5%. These were the two best assets at the time. Both of them remained in the Top 10 list of crypto assets, too, and were the best-performing ones.

Another point that should be taken into account is that Litecoin is going to halve its block rewards in August, which is certainly affecting prices. The halvings happen from time to time and they cut the block rewards by half, meaning that mining will become less profitable as time passes. This generally pushes the price of the tokens upward.

The other halving will be Bitcoin’s, which is set to happen next year and will possibly impact the whole market since the crypto market generally does well when Bitcoin is doing well.

Nobody is really sure how the halving will impact the assets, though. There some strong consensus that they will go up, but how much? Some people say that the asset, which is now trading around $112 USD, can go as high as $1,000.

All of Today’s Litecoin (LTC) Price Analysis, Chart Forecasts and Industry News

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Author: Gabriel M

Binance CFO: Binance Coin (BNB) Is The Optimal Example of How Cryptos Have Transformed Fundraising

Binance-CFO-Binance-Coin-BNB-Is-The-Perfect-Example-of-How-Cryptos-Have-Changed-Fundraising

The Chief Financial Officer (CFO) of Binance, Wei Zhou, has recently participated in the Money 2020 conference. During the event, he outlined for the audience how the tokenization provided by cryptocurrencies was a real gamechanger in how people raise money these days.

According to him, tokenization started to gain traction when Bitcoin was starting to become mainstream some years ago. After that, the Ethereum blockchain started the ERC20 standard and the industry developed from that point.

With Ethereum, the industry was able to develop smart contracts and to move the tokenization forward a lot as many use cases were created then. Right now, the ERC20 standard is still very powerful and it can be considered the most significant standard on the market.

Zhou admitted that the ERC20 tokens allowed people to raise money using the blockchain technology and that they led to the creation of several kinds of tokens, including utility tokens and securities, as well as loyalty tokens and the ones used for payments.

Obviously, he would not lose the chance to talk about his own token, Binance Coin (BNB). According to the CFO, Binance Coin can be used in several use cases and to allow people to raise funds in very interesting manners.

Now, more than ever, he believes that people will have a choice. In the beginning, they only had Ethereum and the ERC20 standard. There was simply not a lot of choice in this matter. Later, however, the market was able to come up with several new initiatives such as BNB.

Zhou affirmed that BNB represents the perfect use case for the technology as it has changed the way that people can fundraise. Initially, BNB was an ERC20 token, but now it has migrated to its own chain, which is faster than the Ethereum one.

This has turned BNB into one of the greatest assets of the market today. The token is up 350% this year and it is currently the seventh largest token by market share. This means that it has been more successful than even Bitcoin, a feat to be proud of.

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Author: Gabriel M

Block.one EOS Social Network ‘Voice’ Endures Costs of $150 Million, Required Over a Year to Complete

Block.one EOS Social Network 'Voice' Endures Costs of $150 Million, Required Over a Year to Complete
  • Block.one spent $150 million in developing the recently released Voice social media network
  • They have also been working one year on it
    Block.one has recently announced a new social network called Voice.

Only Real Users, Not Bots Can Open Accounts on Voice

Mr. Blumer explained that they spent a year working on this social media platform that is called Voice. The product was announced, however, on June 1, 2019. At the moment, there is an available beta for users to sign in and test the network.

Block.one is also the company behind the EOS blockchain and project. As he explained, only real individuals are going to be using the platform rather than bots. In order to do so, users will have to provide information about themselves, including IDs.

Blumer explained that they need to understand with who they are operating and they are taking all the necessary measures for his to happen.

Meanwhile, Dan Larimer, the CTO of Block.one, explained that the coin has the fairest distribution model in the world. The platform is going to be working in a different way than others and it will have a different set of content sharing rules.

Larimer said about the coin:

“The Voice token is not created by buying it or burning electricity. It can only be created by being a real person, producing real content, liked by real people. When you participate, you earn.”

Not The First Blockchain-based Social Media Network

Larimer has also worked in the past on Steemit as the CTO. This is also a blockchain-based social media network that rewards publishers for their posts.

There are also other social media networks working with blockchain technology and virtual currencies. Kik Interactive Inc., for example, decided to launch a digital currency to reward users on its platform. However, the U.S. Securities and Exchange Commission said that the company did not create any real use case for the virtual currency called KIN.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T

Best Ethereum ERC-20 Based Dapps With Highest Development Work

Best Ethereum ERC-20 Based Dapps With Highest Development Work

Decentralized applications (Dapps) has become a trend in the decentralized space, where various blockchain networks are working to help the developers create software applications which work on the principles of decentralization.

There are numerous protocols using which developers can create their Dapps, but today we will look at some of the best ERC-20 based Dapps which saw a ton of development in the month of May. ERC-20 is one of the most commonly used protocols by developers and Ethereum network is behind the creation of the protocol.

Development activity on any platform suggests that there is continuous progress going on to make the product more refined and efficient for mass use. So, let us dive deep to see what all Dapps saw major developments on their platform.

1. Status

Status is an open-source mobile Dapp browser as well as a messenger and based out on the Ethereum network. The developers behind the project have been focusing on releasing a beta version which includes features like ERC-20 token support, a privacy mode which enables the app to show a blank screen when switching between applications on your mobile device.

Some of the other features which have been recently added include,

  • Private Browsing has been relocated to the browser from the main profile and the user can now access it by a simple two-option setting.
  • A new feature called ‘Fetch more messages’ can retrieve messages from 30 days back, instead of just 24-hours.
  • Added Bug reporting feature for both Android and iOS.
  • Developers have worked hard to bring progress on data sync.

2. Storj

Storj is a decentralized cloud object storage service and has shown tremendous development activity on the platform in the month of May.

The main objective of the developers was to give some final touches to the Dapp in the run-up to the beta launch. Developers also worked on increasing the durability of the stored files as well as performance improvement.

Some of the notable development on the platform includes,

  • Introduction of macaroons in the Uplink using which the users upload their data on the cloud. Macaroons are a decentralized encrypted key sharing system which only provides a read-only option for encrypted files stored on the Storj network.
  • Developers also finished the waitlist invites to the storage node operators which would allow anyone to easily join the Storj network and start earning Storj token by simply sharing one’s extra hardware storage.
  • Developers also continued their progress on various other aspects like garbage collection, audits, and referral program functionalities.

3. Augur

Augur is a decentralized prediction market where users can bet on an event with “Yes” or “No” shares, and if their bought share wins, they receive ether payouts. The Augur network has seen tremendous growth in the month of May where they have primarily focused on eliminating bad players on their platform.

Developers have worked on the redesign of the Reference UI and created an all-new middleware system for v2 contracts. Some of the most noted development work on the network include,

  • A completely new design for showing Market information, Market lists, Market creation, and Reporting.
  • Giving finishing touches to the newly introduced v2 middleware.
  • Introduction of the Augur app for rating good markets from the fraudulent ones.
  • Now the aim is to completely integrate the new v2 middleware with UI codebase

4. Aragon

Aragon is a decentralized management tool which allows the users to manage the decentralized organization as well as create bureaucracy free global communities. The developers behind the network have introduced major updates on various projects running on the platform in the month of May. Some of the major development include,

  • Introduction of ‘The Planning Suite’, which is a project management application. It was launched on the Rinkeby testnet.
  • Now users can access Getting Started documentation in the Aragon Developer Portal.
  • The new Aragon 0.7.2, the addition to the Aragon 0.7 Beta version which brings more usability enhancements like smart contract upgrades, faster organization loading time and an address labeling system as well.
  • Developers also worked on major bug fixes on some of the major projects running on the platform.

5. Gnosis

Gnosis is another decentralized prediction market Dapp platform which has seen some of the major and much-awaited updates on the platform in the month of May. The biggest one being the launch of much-anticipated dxDAO, which is a next-generation decentralized autonomous organization. dxDAO would be responsible for community governance of software protocols.

The developers behind the network have also launched new clients for the Gnosis Safe multisig ERC-20 wallet with UX and design improvements. Developers are also working towards integrating new features for the consumers like availability of non-ether token for both incoming and outgoing transactions.

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Author: Bitcoin Exchange Guide News Team

Monero’s Riccardo Spagni Gets Back at Craig Wright Over Comments on Money Transmitters

Monero’s Riccardo Spagni Gets Back at Craig Wright Over Comments on Money Transmitters

Chief Scientist at nChain, Self-proclaimed Satoshi Nakamoto and a Bitcoin SV proponent, Craig S. Wright, recently released an article in which he questions the security and privacy traits of Monero XMR.

The crypto token which is the 13th largest in the market based on market capitalization is popular for its privacy features as it is constructed on the cryptographic layer system. These cryptographic qualities of the token offer an untraceable exchange of funds and separate characteristics by default.

The article details on how Monero and other mixed coins are engaged in the activity of money transfers and money handling, which according to Craig makes them Money Service Businesses [MSBs] and should therefore follow the corresponding rules. The rules include:

“Complying with the anti-money laundering (AML) program, maintaining records, and issuing against the reporting requirements as defined in their jurisdiction. Compliance would include filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Peer-to-peer exchange is covered under the anti-money laundering (AML) rules. Avoiding the requirements of the Bank Secrecy Act (BSA) in the US is not an option.”

The article also went further to state that:

“every node, software, wallet and person engaged in the transfer of funds – any funds including Bitcoin and cryptocurrencies, was acting as a money transmitter”.

Furthermore, money transmitters and any subsystems are required to adhere with the Bank Secrecy Act [BSA] law, a U.S law requiring financial institutions in the United States to assist government agencies in detecting and averting money laundering.

Riccardo Spagni’s Response

Lead maintainer of Monero and host of Magical Crypto Conference, Riccardo Spagni, also known as Fluffypony, is one of the best-known figures in the crypto community. Riccardo then tweeted a response with an analogy saying

“Parents: are you giving lunch money to your kids? According to Craig Wright you are a money transmitter and will go to prison! Welcome to law. Have a nice life.”

And implying that with Craig’s accusations even the most basic forms of money exchange is illegal and should be prosecutable by law. However, some proponents of BSV weren’t moved by the remark and tweeted in support of the article claiming that Craig S. Wright was simply pointing out the law.

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Author: Damola