Category: Crypto

Categories
Crypto Markets

ICON (ICX), Cardano (ADA), And Nano (NANO) Price Analysis

Today, the cryptocurrencies market have benefited from a rapid upward movement. ICON (ICX) has been in full upswing, Cardano (ADA) is also “green”, while Nano (NANO) is dropping, losing about 4.7%. On the other hand, Bitcoin (BTC), the biggest crypto by market cap, has also risen in value against USD yesterday by shed the gains today, currently trading at $7,382.

ICON (ICX) price analysis

The ICON price is currently trading higher than the moving averages on the 30′ chart. In addition, the split between the 50 SMA and the 100 SMA is now starting to shrink to signal that purchasers are recovering their grip.

The bullish traders are struggling to break the $2.60 resistance but are keeping their eyes on the $2.7 and $3.0 levels. The short-term support regions will arrest the downward trend at $2.5 and $2.4 support levels.

Now, ICON (ICX) trades at $2.57

Cardano (ADA) price analysis

The Cardano ADA price has recently quoted the new May minimums after plummeting under $0.20. Yesterday, the ADA/USD pair exceeded the critical resistance level at $0.18 but stood at over $0.17 level.

Also yesterday, Cardano (ADA) chart presented a strong resistance level around $0.20. As Cardano (ADA) moved over this level (trading at $0.204, at the moment of this article) will encounter more resistance at the 78.6% Fiber Retracement level, with a peak at $0.31 and a minimum at $0.172.

However, the sentiment is bullish for the time being.

Nano (NANO) price analysis

The Nano (NANO) price was among the major earners in the cryptocurrencies market yesterday as its value against the USD soared by more than 14%.

Unfortunately, today Nano (NANO) plummeted below the $4 support level as it is now trading at $3.87, as it records a quite massive drop of about 6% in the last 24 hours, at the moment of this review.

Nano (NANO) lost the momentum it gained yesterday when the bulls pumped in the cryptocurrencies market and is now supporting a correction which might force the coin drop even more.

In short, today, May 30th, the cryptocurrencies market is continuing the slight recovery after a long period of turmoil and significant drops.

Categories
Crypto

0x (ZRX) Keeps On Gaining – We Might See 0x (ZRX) On Coinbase’s Paradex Crypto Trading Platform

0x (ZRX) is one of the few cryptocurrencies that showed double-digit earnings during the last week. Even now, ZRX is not doing badly as it is still gaining, trading at $1.27, at the moment of this writing, increasing by about 3.5% in the last 24 hours. All the gains 0x (ZRX) recorded are due to the rumors about ZRX addition on either Coinbase or the Paradex crypto trading platform (which, since recently, is a Coinbase subsidiary).

As I’ve said, 0x (ZRX) is traded at $1.27 but, even though it is still gaining, ZRX “lived” its best day past Thursday when it traded upward and recorded a 12.5% increase breaking over the $1.30 level.

What is 0x (ZRX)?

0x (ZRX) is an open source platform designed to deliver decentralized exchange capabilities to ERC20 tokens around the world. The protocol is built on Ethereum (ETH) smart contracts and permits the functioning of decentralized crypto trading platforms.

The ERC20 crypto tokens developed on ETH network keep on expanding and increasing worldwide. The 0x team has proposed to build a platform to facilitate the trading of the ERC20 crypto tokens.

0x platform is neither a centralized nor a decentralized trading environment, however, it employs the best characteristics.

0x (ZRX) to be listed on Coinbase’s Paradex crypto trading platform

CNBC announced on May 23rd the acquisition of Paradex by Coinbase cryptocurrency exchange. Paradex is a trading system which has been specifically engineered to support the direct trading of digital assets.

Coinbase, on its part, stated that they will enhance the technology behind Paradex prior to its formal introduction. Paradex, eventually, will be made commercially available for several hundreds of cryptocurrencies but only for clients located outside the US.

Paradex offered 0x (ZRX) trading before being bought by Coinbase and it is quite possible to be also among the traded ERC20 crypto tokens on the updated crypto trading platform.

Also, if that’s the case, it is also very probable to see 0x (ZRX) on Coinbase, the most popular US-based cryptocurrency exchange.

Categories
Crypto

0x (ZRX) Might Eventually Get On Coinbase Cryptocurrency Exchange

0x (ZRX) is doing very well in the cryptocurrencies market, lately, where all the major crypto coins traded downward until recently today. Refusing to go with the stream, 0x (ZRX) has traded upward and is still pushing up. Even more, ZRX is on the verge to be listed on Coinbase cryptocurrency exchange.

What makes 0x (ZRX) get higher?

In April-May period, this cryptocurrency was among the best-performing digital assets in the world, ahead of the current downturn of the cryptocurrencies market, which slightly reduced today and cryptos trade “green” again.

The more ZRX gained, the more crypto enthusiasts started to wonder why is this crypto gaining so much lately.

At first, they thought it was thanks to the potential 0x (ZRX) listing on Coinbase, the biggest US-based cryptocurrency exchange. However, Coinbase didn’t add ZRX yet. Recently, however, the team behind 0x crypto made significant changes to one of the 0x platforms reigniting the beliefs that 0x (ZRX) is meant to be listed on Coinbase, definitely.

“Proud to build a more equitable future with our colleagues around the world,” stated the 0x team.

So, what makes ZRX grow is the fact that Coinbase acquired Paradex which is built on the 0x network. Furthermore, this Coinbase action triggered a very positive feedback within the 0x community which also helped ZRX increase.

0x (ZRX) Price

At the moment of this article, ZRX trades at $1.27 gaining about 3.44% in the last 24 hours.

On the other hand, 0x (ZRX) is on the 29th position within the cryptocurrencies market with a market cap of about $675 million.

ZRX might eventually get on Coinbase by the end of 2018

Ultimately, all the rumors talking about 0x (ZRX) listing on Coinbase might turn out to be true by the end of the year as this is a great moment for 0x as a whole, not only for its crypto.

Even more, 0x team enjoys the presence of three ex-employees of Coinbase who are working on implementing ZRX on the Coinbase cryptocurrency exchange platforms against the BTC, BCH, LTC, and ETH.

Categories
Crypto News

Ripple (XRP) xRapid Platform Was Successfully Tested By The UK Currencies Direct Forex Broker And Remittances Service

Currencies Direct, a European Forex broker and remittances service, has reported the completion of a very successful test for Ripple (XRP) xRapid platform and described the XRP cryptocurrency as a “game changer”.

Just to be clear, Ripple’s xRapid is the platform that uses Ripple (XRP) cryptocurrencies for its operations, while the other major platform, xCurrent, is employing the use of Ripple network to handle instantaneous and safe cross-border payments.

It might look like xRapid is not used by many banks and financial institutions but, in reality, it is tested by some big names in the financial industry and is even up and running for others. The best example is the successful implementation of the Ripple (XRP) xRapid system within the US-Mexico cross-border payments.

This is the very first time a European remittances service has ever tested the Ripple (XRP) xRapid platform

Currencies Direct, a company which was the #1 money transfer service in Europe in 1996, traded approximately 4.5 billion GBP (about $6 billion) in Forex in the past year and is, thus, a quite big player in this sector on the European market.

The Currencies Direct xRapid trial was performed with a number of cross-border payments across a selection of institutions. Each of these transactions was conducted via the xRapid platform and was completed in a matter of seconds instead of the usual 3 to 5 days which characterizes the international remittances.

How does Ripple (XRP) xRapid work?

To put it in a simple manner, xRapid employes Ripple (XRP) use as an exchange currency to diminish the fees related to Forex, while, at the same time, the network handles the transaction in XRP almost instantaneous.

Ripple explains is as such:

A payment journey with xRapid looks like this: a financial institution connects directly to digital asset exchanges in both the originating and destination corridors. The originating currency is exchanged into XRP which provides the necessary liquidity to power the final payment, and then in seconds that XRP is exchanged into the destination currency in the second digital asset exchange.

Also, as xRapid directly employes the use of Ripple (XRP) cryptocurrency, the more remittances services such as Currencies Direct accepts xRapid, the more the value of Ripple (XRP) will increase, as the applicability and the acceptance of this crypto will increase.

Categories
Crypto

ZepellinOS Is A New Open Source Decentralized Platform To Facilitate Ethereum (ETH) Smart Contracts Use

The blockchain startup Zepellin launched ZeppelinOS, a new decentralized open source platform, aimed at developing, operating and managing smart contracts in Ethrereum (ETH) blockchain.

The announcement was made by Zeppelin’s founder and CEO, Demian Brener, in the company’s corporate blog, adding that the objective is to present solutions to the current difficulties in deploying and improving smart contracts, based on the vulnerabilities that may arise over time.

ZepellinOS open source decentralized platform aims to facilitate the creation of applications on the Ethereum (ETH) network

ZepellinOS offers options to link the applications created to the standard open source smart contracts library, already deployed in Ethereum (ETH) blockchain, which is maintained by a community of more than 100 developers worldwide.

This new platform is the result of a series of studies carried out since 2017 by a team of experts from the company, led by the founders of Zeppelin, Demian Brener and Manuel Araoz.

The goal was to facilitate the creation of applications on the Ethereum (ETH) network, a process that, as explained in the project’s white paper, was slow and cumbersome, as well as costly.

The team worked on the creation of ZeppelinOS, making it possible through a system of update patterns to mutate the source code of smart contracts in order to make improvements to the faults detected over time.

ZepellingOS will handle smart contract on Ethereum (ETH) blockchain with access to new functions

The Zepellin startup announced that ZeppelinOS project will be complemented by new functions, which will be integrated into the platform with the launches to be announced over the next two years.

These features are ZeppelinOS Kernel and the ZEP token.

The first seeks to register standard mechanisms for updating smart contracts and creating new versions of standard contract code libraries. As for the second feature, there will be a ZEP crypto token will also be used to reward developers, among others.

Exit mobile version