Crypto Currenciess

Cryptocurrencies have been staging a comeback which seems limited. Bitcoin, Etehreum, and Ripple may need to fall and hold onto support before shooting higher. Here are the levels to watch according to the Confluence Detector. The doomsayers projecting a downfall of around 30% in cryptocurrencies have been defeated – coins have staged a comeback with Bitcoin leading the way by topping $8,000. However, this comeback may certainly be ephemeral and not the start of a new bullish wave. Bitcoin has yet to bottom out, Ethereum must first hold onto the edge, and Ripple has to find the right place before rising. Crypto bulls need to wait for the pullback to conclude and hope that it finds support and does not fall to lower ground. Only after finding support – and holding onto it – can cryptos move higher.  Let us examine the critical lines for the top three digital assets. This is what the Crypto Confluence Detector shows in its latest update: BTC/USD must hold onto $7,66...

Bitcoin BTC is the most popular cryptocurrency on Reddit with an average of 3,600 comments about the digital currency being posted every day. On the other hand, Ethereum and Monero are the protagonists of 500 and 380 daily comments respectively. That’s according to a new research paper by Pacific Northwest National Laboratory, which analyzed three years worth of discussions on Reddit from January 2015 to January 2018.  As part of their study, the researchers sought to measure the speed and scale at which discussions about Bitcoin, Ethereum, and Monero spread. The paper says cryptocurrencies “are disproportionately used by criminals and hackers, and their use has political and economic implications.” “The way information about these novel distributive technologies spreads across online social platforms shapes online and offline discussions, and could potentially influence peoples’ beliefs and decision making. Thus, it is crucial to understand, explain, and anticipate the ...