A survey conducted by a start-up Cryptocurrency mining firm about Bitcoin found that majority of the respondents have an optimistic future for the leading cryptocurrency. Twenty six percent of those who were surveyed believe bitcoin will cross $25,000, while 10 percent said the Bitcoin value will go above $35,000. Almost 9 percent think it will go beyond $45,000. According to 15 percent, the digital coin will go no higher than $15,000, and 5 percent think it will not rise above $10,000. Only 2.5 ...
Bitcoin: Retail trader data shows 73.2% of traders are net-long with the ratio of traders long to short at 2.74 to 1. The number of traders net-long is 3.6% lower than yesterday and 6.6% lower from last week, while the number of traders net-short is 1.7% lower than yesterday and 7.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. ...
While Initial Coin Offerings (ICOs) saw mixed fortunes in 2017 and data shows that almost half met less than favorable outcomes and failed despite jointly raising north of $6 billion, many large and established enterprises are now entering the blockchain and distributed ledger technology landscape. [SIZE=1]more...[/S
Major cryptocurrencies like Bitcoin, Ethereum, Ripple and EOS have been on fire lately. Over the last seven days, Bitcoin is up 21.80%, Ethereum is up 39.36%, Ripple is up 40.89% and EOS 51.84%. Some cryptocurrency experts aren’t surprised by the renewed interest in cryptocurrencies. Matthew Spoke, CEO of AION and Founding Board Member of the Enterprise Ethereum Alliance is one of them. “The fundamentals have not changed,” says Spoke. “A ...
Bitcoin: Retail trader data shows 72.0% of traders are net-long with the ratio of traders long to short at 2.57 to 1. The number of traders net-long is 5.3% lower than yesterday and 4.0% lower from last week, while the number of traders net-short is 4.9% higher than yesterday and 7.4% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to ...
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