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cryptocurrency buzz A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.
Most cryptocurrencies are designed to decrease in production over time like Bitcoin, which creates a market cap on them. That’s different from fiat currencies where financial institutions can always create more, hence inflation. Bitcoin will never have more than 21 million coins in circulation. The technical system on which all cryptocurrencies are based on was created by Satoshi Nakamoto.
Ethereum prediction | analysis Ethereum ETH/USD is traded at the level of 296. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the 310 level is expected, from which one
Dash prediction | analysis Dash DSH/USD is traded at level 280. Cryptocurrency is traded at the bottom of the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend for Dash. Ichimoku Kinko Hyo Cloud near the level 295 is expected to be tested near the level, from which one should
BITCOIN forecast Bitcoin BTC/USD continues to move within the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the area of 4950. Again, we should expect a rebound and a rise in prices above the level of 6350. In favor of the growth of quotations, BTC/USD
NEM Price Prediction “Should I invest in Bitcoin?” is a question I hear quite often. The first thing I tell investors is to look at other cryptocurrencies: Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR), the list goes on and on. There are literally hundreds of alternatives to Bitcoin (BTC). NEM Price Prediction 2018: Should You Invest Amid Crypto Volatility? And, blasphemous though this may sound to
Turbulence in the cryptocurrency market outshone any relevant Litecoin news on Wednesday morning, driving the LTC price down 8.3%. Litecoin Price Forecast – LTC Drops Overnight But Remains Up 11% from Last Week LTC Drops Overnight Considering that $13.0 billion drained out of the entire market, it’s unlikely that investors were targeting Litecoin specifically. The Big Three