Category: captainaltcoin

EOS Black crashes 80% in 4 hours, claims of exit scam pop up EOS Black, a blockchain-based venture capital fund built on top of the EOS blockchain, has been caught in some strong controversy lately.
Just a few days ago, the currency managed to drop more than 80% in just under 4 hours, moments after experiencing a strong price breakout. A Twitter user @rektkid_ first shone a light on the event and offered a deeper insight into what exactly caused this drop.
Calling EOS Black a project with a “$400m market cap with absolutely nothing to show”, this Twitter user pointed out another interesting thing. Apparently several people went into EOSPrice telegram and started spreading rumors how a pump and dump group is going to explode the price from $0.25 to $0.5. This tricked “gullible speculators” who started taking positions in BLACK tokens expecting this rise. The price was pumped up just above $0.41 before the dumping took place, likely screwing over those who expected the pump to last even longer. The drop which ensued was pretty brutal, smashing through the previous $0.25 levels and bottoming out at $0.6.
The user later on reported that this drop might have been caused by EOS Black early investors exit scamming from the project. Tracking down the sell transactions that caused the drop, rektkid found that a large quantity of dumped tokens ended up being sold on a Korean exchange called Cashierest. His final contribution was to reveal the addresses that sold the most BLACK tokens during this drop.
For their part, EOS Black came out with a rather flimsy explanation. Their full response was as follows:
“Hi. The eosBLACK team.
The reason for the recent price decline was attributed to the release of a large amount of money in a short period of time due to incitement by malicious rumors (Chirashi) distributed to the initial investors.
There was never any developer dumping inside the company, and once again, the transaction in the eosblackteam account that comes up with capture is the amount paid to the initial investor I mentioned earlier.
If there is an investor who wants to explain directly from the person in charge of the company, this is also possible, so please visit after the appointment.
I am saddened by the investment loss caused by a sudden drop in prices. In our eosblackteam, we promise to do our best to develop according to the road map that we have released to the investors since then and will try to recover the token price.”
And while the controversy stays looming above the project, the price doesn’t seems to care that much as EOS Black recovered 23% of its USD value on the daily at the moment of writing.
Tether reopens account verification and direct redemption of fiat from its platform In an announcement titled as noted above, Tether launched its redesigned customer verification/direct redemption of Tether to fiat features.
The old redemption model which operated directly through Tether’s native platform has been halted previously, due to the platform’s inability to handle what they call an “unexpected rush” of new cryptocurrency traders during the previous year.
This model has been replaced with a new, “flexed” one, which will look to “harness the established infrastructure and security of Bitfinex,” a platform which was built with these increased volumes in mind. Those wishing to redeem their Tether to fiat could do so 1:1 via the Bitfinex link, with whom Tether has a long-lasting business to business relationship. Bitfinex’s capability to handle this process has been criticized in the past by some community members who weren’t able to exchange their USDT to USD.
However, after securing a partnership with Deltec bank, Tether has regained the required capacities to handle the verification/redeeming process themselves. Investors can now utilize the on-platform wallet for creating and redeeming, without having to rely on a third party.
The process has been redesigned to favor the professional investor audience, as all accounts will have new minimal issuance and redemption requirements equal to 100,000 USD and $100,000 USDT, respectively. Customers will apparently be limited to one USD fiat redemption per week.
24 ICO’s that raised $2.8 billion currently have almost no trading volume A guest author on Cointelligence recently published a piece analyzing some of the most valuable ICO’s on the market and their overall appeal among traders. The conclusions he came to as a result of this analysis weren’t that encouraging.
Noting that many of these tokens have “significant” economic problems, the author, whose name is Andrew Tar, adds that the biggest one might be the lack of liquidity around them.
“Liquidity is a significant parameter for any financial asset and shows how fast the asset can be converted to cash. In other words, it represents how fast you can buy or sell some product,” explains the author. He suggests that some tokens have less than 1% of their total supply in circulation, with most token holders choosing to HODL rather than spend.
“… large transactions are disastrous for such markets. If someone wants to buy or sell a significant amount of tokens, the deal can shake the market. Under those circumstances, the person can actually become a monopolist, and the person is able to change the price. The owner of a large amount of tokens can manage the market and influence the project,” he further added. A weakness such as this one isn’t something you want to see on a healthy financial market.
He analyzed more than 20 projects that managed to collect over $50 million from their investors by launching an ICO. TaTaTu, Dragon, Hdac, Paragon, Bankera, Qash, Envion, PressOne, WAC, TenX, Dropil and others are on this list, with all of them suffering from the symptoms noted above. Check out the complete article here if you want to delve deeper into the full list of issues and problems that ICOs suffer from due to low trading activity.
NASDAQ to launch Bitcoin futures in 2019 despite the recent market downturn Bloomberg reported today that Nasdaq Inc. will push through with its plan to list Bitcoin futures by the end of the first quarter of 2019, even with current market conditions being the way they are.
The second biggest stock exchange in the world is currently working on complying with the demands of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the mentioned futures. This isn’t the only entity looking to gain the CFTC favor at the moment, as a New York-based investment management firm VanEck is going through the compliance review process as well.
The futures will be competing against already present CME and Cboe contracts, which have been traded ever since December last year.
Nasdaq futures will be based off Bitcoin’s price on numerous spot exchanges, pooled together by VanEck Associates Corp., said Bloomberg’s source.
ICONLOOP launches “ICON Development Network” on Amazon Web Services marketplace ICONLOOP, a blockchain-specialized tech company from Seoul focused on being the “technical” part of the ICON project, revealed that its latest product, “ICON Development Network”, is now available on the Amazon Web Services marketplace.
The company has been a part of the AWS Partner Network since early 2018; with ICON Development Network, they are now able to provide a software solution that allows developers to run a private instance of the ICON blockchain through AWS.
“ICON Development Network platform will provide an easy-to-use development-ready environment. This enables developers to bootstrap their own private ICON Network, adapted to their own convenience and need, in order to build, test or validate their project running on top of the ICON Protocol,” explains the project’s official Medium announcement.
The solution is meant to “improve understanding, accessibility, and convenience” when building on the ICON Network and potential developers can check it out on the project’s official GitHub page.
The post Eos (EOS) spawns scam projects on its blockchain and they are starting to exit-scam appeared first on CaptainAltcoin.

It appears that a large amount of XRP tokens have moved from the Ripple escrow wallet to another address igniting a heated speculation in XRP community about possible reason for this.
200,000,000 #XRP (69,838,754 USD) transferred from Ripple Escrow wallet to Ripple OTC Distribution wallet
Tx: https://t.co/DjgvGOdWjj
— Whale Alert (@whale_alert) November 27, 2018
If you are a big XRP fan, you see this as institutions buying the dip. If you are on the opposite side of the spectrum, you see this as Ripple Labs cashing out and dumping on the holders.
This was not the only big move, as there were two more:
They moved another 750m then 999m within the same hour.
Transaction Type: Payment
Amount: 999,999,959 XRP
Fee: 12 drops (0.000012 XRP)
Sender: rpuJyWaGf6fvWRYEPzV3beGNySfkLTSjNy
Sender Balance: 21.000988
Receiver: rKveEyR1SrkWbJX214xcfH43ZsoGMb3PEv
Receiver Balance: 2,600,335,064.993
Link: https://t.co/GIc3LLxKrl
— XRPL Monitor (@XRPL_Monitor) November 27, 2018
Transaction Type: Payment
Amount: 749,999,979 XRP
Fee: 12 drops (0.000012 XRP)
Sender: rB5pBkPVyk3m9i6TUDHm76hEyFgexcZWuU
Sender Balance: 21.000988
Receiver: rKveEyR1SrkWbJX214xcfH43ZsoGMb3PEv
Receiver Balance: 1,600,335,105.993
Link: https://t.co/t0yHvY3tj2
— XRPL Monitor (@XRPL_Monitor) November 27, 2018
It is hard to know what is behind these moves as no official from Ripple has come out with a clarification. Right now, speculation is fuming across communities and as aforesaid: it is either a big institution buying or Ripple needs some money and unloaded a big chunk of their asset. If later is the case, this will cause a big price drop for XRP especially in this low volume, bear market that can’t take up sudden inflation spike of this magnitude.
Ripple has locked 55 billion XRP (55% of the total possible supply) into a series of escrows. These escrows are on the ledger itself and the ledger mechanics, enforced by consensus, control the release of the XRP. The escrow consists of independent on ledger escrows that release a total of one billion XRP each month over the next 55 months. This provides an upper limit on the amount of new XRP that can be brought into circulation.
By placing 55 billion XRP into time-based escrows, Ripple ensures that the supply of XRP in circulation is predictable and increases at a slow but steady rate. Others who hold XRP know that Ripple cannot flood the market, even if the company’s priorities or strategy changes.
This has been a big point in discussing XRP as a cryptocurrency since having one company own 60% of all assets clashes with the original idea of having a decentralized payment method where trust is no longer necessary.
That’s why people when discussing Ripple would always point out that there is a possibility of Ripple for whatever reason deciding to flood the market with these coins and with that completely devaluate them. Of course this wouldn’t necessarily make a lot of sense for the business, but the fact that the possibility is there made many people rather uncomfortable.
Ripple decided to try to stop people from having these concerns by “locking” their coins away from themselves.
The post 2.6 billion XRP tokens moved from Ripple escrow wallet: Institutional buyer or Ripple about to dump on the holders? appeared first on CaptainAltcoin.

And the reason is simple: Litecoin does nothing to contribute any value to the cryptocurrency world. This is directly from the mouth of litecoin holders and insiders:

Here is the link to the full explanation.
When you read this, the first thought that comes to mind is do we really need a $1.8 billion testbed for bitcoin? Where is the value that litecoin brings to the table. It is ok to take parts of other people’s code when it is open source, it is a common practice among developers. But to simply sit and wait for other people to do the work and just port it onto LTC is paragon of parasitism.
Here is another very detailed essay on Litecoin by Multicoin Capital, they too see no real purpose for LTC’s existence.
To reiterate what I already wrote earlier, since nothing has changed around Litecoin:
Litecoin [LTC] is one of the coins that suffered biggest hit by the bear market. The overall market cap has dropped below $2 billion and seems the shedding is not over yet.
It is a well known fact that Charlie Lee sold at the peak of LTC price and tweeted a very good advice to the rest of the holders: On December 12th, 2017, Charlie Lee sent out a tweet telling people not to get too excited with the unsustainable bull run. Charlie warned about the pending multi-year bear market and that anyone who could not handle Litecoin (LTC) dropping to $20 should not buy it. While many attacked him as a FUD instigator, his reasons for making these assertions were rock solid and since LTC is now hovering just aboe $30. Charlie explained that every time the crypto market rises up too fast, it overshoots its real value, which leads to a huge correction, and a price consolidation. Charlie’s predictions have come true.
Charlie is not active in LTC for quite some time – it has been years since he contributed to the development of the once second largest cryptocurrency, that is now ranked at number 7 on CMC rankings.
Being dubbed the silver to Bitcoin’s gold, Litecoin was introduced in 2011 as a quick fix that was supposed to solve some problems typical of Bitcoin. With new projects flooding the market in the recent years, Litecoin’s role seems to be thing of a past – LTC is the odd man out and nobody can bring about a solid argumentation for Litecoin’s purpose in the future. And the reason I think Litecoin is dead is not because of its price – it dropped together with the whole market and not by its own fault. The reason is lack of unique value proposition – it is just blunt copy of bitcoin with couple of parameters changed.
It was that back in 2011 and it is that still in 2018. This lack of vision and will for separation from bitcoin and creation of your own niche will cost Litecoin its existence.
Litecoin can do everything Bitcoin can and it is often called a testnet for bitcoin. But who needs a multi-billion testnet – who needs two identical projects as one is enough and this is a winner takes all battle.
Litecoin depends on Bitcoin. This is not just a hypothesis, this was Charlie’s vision from the project’s inception.
LTC enjoyed the treatment as a bitcoin’s little brother – technology was similar so exchanges and wallets could easily integrate it where ever they integrated bitcoin. This gave it exposure and liquidity which drove its price up especially as many would use it for faster transactions between exchanges or wallets as it had faster transaction time than bitcoin. In the meantime, there are many other coins that can be used for this purpose that are even faster and cheaper, almost free (Nano for example).
With Coinbase and other exchanges adding new projects, the top 10 market caps being dominated by some very diverse and colorful coins and a general lack of media attention and focus on Litecoin unless it makes some significant price movement, I’m not sure what would motivate new comers do the research necessary to learn about Litecoin’s potential.
So if Litecoin’s utility as a micro-payment solution is now in question, where does it stand? I suppose it could be the “silver” to Bitcoin’s “gold”, but if Bitcoins are (basically) infinitely divisible and act as a good store of value, then what does Litecoin do?
As Bitcoin network keeps being optimized and upgraded with new innovations like Lightning Network, use cases of Litecoin will disappear and so will its reason to exist.
Litecoin doesn’t have the name recognition that Bitcoin has. It does have a fantastic advantage to make improvements to itself much faster than Bitcoin does, but with the rise of so many other projects that have base codes that are already more fit for micro-transactions and scaling, has Litecoin missed the train? I would say yes.
LTC will continue to drop as investors move towards projects that are more realistic in their goals. If anyone replaces fiat, it is going to be bitcoin and not litecoin. Litecoin’s boon and curse has been its mirroring of bitcoin – they enjoyed the ride in the past but with every market contraction, we will lose projects that have no reason to exist, like Litecoin.
The post This is why Litecoin (LTC) has no future appeared first on CaptainAltcoin.

It has to be said so clearly: Last week was brutal. A Bitcoin plunge does not leave even hardened Hodlers indifferent. So should we follow the trend and fall into collective panic? What are the reactions from the scene? An overview.
Those who took the lead in the 2017 FOMO bull run have since posted losses of over 70 percent. Nevertheless, this downward slide also needs to be assessed.
Bobby Lee: The four big mistakes of the Bitcoin investment Already after the chaos of November 14th Bitcoin veteran Bobby Lee reminded us of four fundamental rules for a successful crypto investment. Above all, rule four now applies more than ever:
Remember Common Mistake #4:
Selling your #Bitcoin during a panic crash.
If you’ve invested in #Bitcoin, then you should know that it’s a long term holding. You’re not looking for quick profits, so don’t get impacted by volatile price movements in the short term. Don’t panic sell! https://t.co/y9EyIq7qc7
— Bobby Lee (@bobbyclee) November 15, 2018
Crashes are part of it Those who have been there a little longer can certainly take the recent descent with more composure. Newcomers should know that Bitcoin crashes are a part of the experience. If you think that current sales are substantially different from previous crashes, this table is recommended:
Magnitudes and durations of BTC historical corrections [update] from Bitcoin
John McAfee: Winter follows spring Bitcoin preacher John McAfee is a man of conflicting opinions. But he sums up the current situation aptly via Twitter:
“People have panicked. But that’s […] not necessary. We are in a bear market. They suck, yes. […] But I am 73 years old and have seen this dozens of times in many markets. Bear markets are like winter. There’s always a glorious spring coming.”
The only question is when.
Where is the journey going? Of course, nobody knows how many springs Bitcoin will leave before the ground is reached. However, there are a few promising support levels where a reversal of trend is possible.
Chart analyst Murad Mahmudov believes that a crash to 3,000 US dollars is possible, but that’s the end of it:
1/ The unwind is far from over. pic.twitter.com/K6zfhEOHk2
— Murad Mahmudov (@MustStopMurad) November 15, 2018
Perhaps it helps to remember that the infrastructure continues to develop positively, contrary to the exchange rates. Examples include Fidelity’s crypto-trading desk, BAKKT futures and the approval of a crypto-ETP in Switzerland. The signals are therefore pointing upwards. Sooner or later, this will also manifest itself in the price.
The post Is Bitcoin (BTC) dead again? This is what the scene says appeared first on CaptainAltcoin.

The wild rollercoaster that is currently in a descending stage of the ride caused a lot of despair among less experienced bitcoin hodlers. The real capitulation is still not here but we are getting near to it with each passing day. There are a lot of white towels being thrown into the ring, lots of hate and resignation by former holders spewed at bitcoin and crypto in general. That is all part of the game that a lot of the buyers entered naively, without ever evaluating if they have the guts for the dark side of this story.
One of the OGs (original gangsters, a term the original bitcoin hodlers coined for themselves, so they could differentiate from the “plebs”) voiced his opinion on the current state of bitcoin.
Complete post is cited below.
Here are some points so here it goes:
Fork. Obviously the BCH fork has caused massive price swings. Whales, bankers, probably the 3 stooges Craig, Ver, and Wu all selling their BTC to make up their agendas thus causing the price to drop, weak hands see this and the price drops even lower. Some conspiracy: Some of these guys did this on purpose to make tons of money shorting and buying at the bottom, if someone could make tons of money who wouldn’t? Holidays, TG and Christmas are times of year when people actually need extra money for presents and traveling. Combined with the price drop this is a recipe for people selling out of necessity. Tech has improved. The Bitcoin network is strong, LN is getting stronger. Basically nothing about Bitcoin’s inner workings has changed or been compromised which means that it has a bright future ahead of itself. Hodling. All these new people coming in from last year’s all time high have not experienced a crash of this size. As a hodler from 2013 this would probably be like the 4th or 5th crash and its just like a rainy day that eventually goes away. If you are new, this whole thing has happened before and it will happen again. Patience is key. Price. This is what everyone is talking about with predictions and which way will it go. Personally I think (which is just an opinion), that the price will go slightly lower due to Christmas time with the whole I need cash thing, but will go higher at some point in 2019 due to the 2020 halvening scheduled for sometime in the middle of the year. People are going to start accumulating in anticipation of this. Every halvening there has been a price increase due to the Block reward cut in half. FUD/Memes. Do not trust anyone (yeah that includes this post) on what is going on. Do your own research and do some critical thinking. FUD is spread around for agendas and getting weak hands to sell. Memes are of course fun and they help refocus on the current matters. Just think for yourself and stick to your own plan. Conclusion. If you made it this far, thank you for reading my rant. Many people are feeling down about the market at this point but the inexperienced do not know this has happened many times before and this will happen again. The market is very easily to manipulate, it always has been since there is little regulation and oversight on the whole thing. It is a day trader’s dream with no regulations and manipulating the market whenever there is an event going on unlike the restrictions placed by the SEC on the stock market.
Put in what you can afford to lose. This means if you throw in $100 on BTC or any crypto consider it gone. This will help ease the mind. When I first started I stared at the numbers going up and down and getting worried all the time. Some advice I read was “Don’t worry about the price, if you believe in the future you have nothing to worry about.”
If you truly believe in the project you really have nothing to worry about. Just wait and be patient. 2020 will be the next interesting time for Bitcoin.
There is nothing to add to this but to tell this Redditor a big kudos to you for giving such an articulate, succinct and informed overview of the situation!
The post Current situation seen through the eyes of an experienced bitcoin hodler of 2013 appeared first on CaptainAltcoin.

This is the question asked by one Nano holder on Reddit today. He was genuinely wondering how does a coin with great technical predisposition and superior solutions to other leading payment cryptocurrencies lag so much behind in recognition and usage.
Here are couple of answers he received:
As a Nano fan here are some points I think let it down currently and really hamper its potential usage as a currency:
“Official” wallet, especially the mobile version is awful, bad UX (signup process in particular) and only the basic features (no address book etc.). Canoe is what I use and it’s much better but the average consumer would likely find / download the official wallet first. No direct fiat entryways (with any volume* also not including the few card gateways charging 15-20% fees..), this being all methods including consumer entries (coinbase etc.), advanced (no fiat pairs on large exchanges) or offline (Fiat to crypto ATMs). No good merchant provider for major / offline merchants. Yes, I know there’s brainblocks and that’s great for small businesses, especially those with crypto-knowledge but for the majority of merchants, they need something like BitPay which enables them to have no risk because the Nano is instantly converted to Fiat and paid to them as such. Not a known name – Merchants accept Bitcoin because they’ve heard of Bitcoin and want to capitalise on the hype around it, not necessarily because they like the tech. Nano doesn’t have that buzz around it (frequent media mentions, day-to-day conversion topic last year, generally most people know what it is now) nor does really any other cryptocurrency, even Ethereum or Ripple. The only thing that’s really going to fix that is adoption. If a merchant provider or fiat gateway that focuses 100% on Nano could come into the space, it may then speed things if they do marketing correctly and introduce the general population to Nano in that way. Other than the reasons enumerated by this well-informed and knowledgeable user, obvious reason for Nano’s struggle is tough competition – payment coins is an arena full of heavyweights, starting from the king itself – bitcoin and followed by a whole bevy of projects like bitcoin cash, litecoin, dash, monero etc.
Nano is also infamous for their poor marketing efforts, or to be more precise complete lack of such. Nano team apparently took an approach “build it and they will come”, fully relying on the technology and neglecting all other business aspects of a project of this magnitude.
Nano is fundamentally very sound project Nano is the meat & potatoes of what’s the most critically important features of a cryptocurrency. Fast & feeless transactions.
Nano solves the problem of being scalable, decentralized and secure by being the first crypto to use DAG based block-lattice architecture that doesn’t suffer from the same protocol based limitations other legacy blockchain based solutions use.
While Nano does have some infrastructure needed to be a functional cryptocurrency (including merchants, exchanges, payment processors, software wallets, hardware wallets, gambling and betting and games), clearly many other projects have the same/are on their way to achieve the same. Nano is probably one of the most usable coins right now but they need to work on other aspects of their projects as well, not only the technology field. Marketing and building relationships with big players from ecommerce and retail industry is the next task for the team.
Therefore this probably won’t be enough to make Nano a commercially accepted crypto solution, for now at least. Still, there are arguments that Nano is undervalued at the moment, especially if you consider that projects like Bitcoin Gold or Verge are currently above it in market cap. If/when the long-awaited alt season greets the cryptosphere with its divine presence we should expect to see Nano as one of the stronger beneficiaries of it.
The post Does Nano (NANO) really stand a chance to be a leading payment cryptocurrency? appeared first on CaptainAltcoin.

Ripple’s XRP is further solidifying its second place on the crypto market rankings while Ethereum keeps hovering among the worst performers. EOS on the other side is chasing the 4th place, not so much on its own merits, rather thanks to the disintegration of BCH.
Here are couple of TA from couple of more experienced Tradingview traders.
EOS EOS has gained over 8% in recent 24 hours, which is quite good jump considering the loss over 36% of its value in last weeks. EOS was taking Bitcoin Cash 4th position but not for long and back today at its the 5th place.
Considering the longer-term perspective, EOS/USD is capped by DMA5 at $3.55. Once it is cleared, the recovery may be extended towards the next crucial resistance at $4.30. On the downside, the support is created by Sunday’s low at $3.08. Potentially, the collapse may be extended towards 2.0 and 1.9, which is the lowest level since December 2017.

EOS has shown strength during this bearish season. There are some bullish signals like the formation of pin bars at a significant price level. RSI is also bullish and oversold. Sellers also show signs of volume exhaustion with the appearance of new buyers. Target levels as shown. GL Ethereum Ethereum -9.17% seem to have completed the h&s on the weekly chart and has broken down. Next stop on the weekly chart is around the 45usd mark. From here to the 45usd mark, there is no support. If you look at the day chart however, you will see some support. To me, I look at the long term and the day chart is used for day/swing traders. If that is you, good luck as you can still make money shorting.
If we look at the longer picture on the monthly chart, we see that the h&s formation can still happen. On the monthly chart, if we look carefully and if it does form a h&s pattern, then we are looking at a price of 8usd and then jumping back up to around 15usd and then making another correction to the 8usd mark. From there, I am hoping that the trend will reverse and a bull run will take place.
XRP After the low ($ 0.329), which was in November, the Ripple market segment shows a 21% recovery. The XRP / USD rate on Monday was 0.3399 phi in higher in the line-up on BitFinex. At the same time, the market capitalization of the coin reached almost 15.61 billion dollars. USA, replacing Ethereum -9.17% to become the second largest cryptocurrency in the world. However, its stability is not guaranteed at the moment. In the worst case, this could be a bear pennant shape, which indicates a continuation of the current downtrend. At best, XRP can advance to the extended upward recovery action, given its least bad cryptocurrency during the bear run, which shook the entire cryptography market. At the same time, 0.329-fiat provides decent support in accordance with the daily base. Earlier, the level witnessed purchases and promised to keep bears with several bulls. A gap below 0.329, on the other hand, can be devastating, as this will lead to the collapse of XRP / USD to the next potential deficiency of 0.268 phi. This level has provided strong support since August.
The narrowed version of the XRP / USD rate chart gives us more information about how we could trade intraday. At the moment, the pair is clearly aiming at 0.966 phi as its intermediate resistance, leaving the foot at 0.371 phi, temporary support for the rest of the day. We look at XRP / USD in the opposite direction from a simple 200-period moving average on a 15-minute chart. This gives us good opportunities for temporary support. At the same time, placing a stop loss at 0.390 phi will protect our position from maximum losses if the upward correction resumes. It remains only to wait for the continuation of a breakthrough over temporary resistance. If this happens, we will enter a long position in the direction of 0.402-fiat as our intermediate target target, while maintaining a stop loss of $ 0.93.
Information here contains forward-looking statements that involve risks and uncertainties. it’s not in any way a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions

The post Ripple (XRP) solidifying its lead over Ethereum (ETH) while EOS chases 4th spot of the crypto market rankings appeared first on CaptainAltcoin.

Justin Sun appears to have some kind of Ethereum fetish as he keeps comparing his project to the brainchild of Vitalik Buterin. In spite of notorious Ethereum problems with transaction speed and scalability issues, it still dominates the dApp market. At least the legit part of the market. Eos and Tron do seem to have a lot of going on on their blockchains but most of the projects launched are either outright scams or pretty shady gambling games.
That objective state of facts doesn’t hamper Sun’s inclinations to include Ethereum in his tweets. This time he basically openly declared war to Ethereum by inviting projects that run their blockchain to migrate to Tron.
In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX
— Justin Sun (@justinsuntron) November 26, 2018
Despite his efforts, there has been no recorded case of dApp steering away from Ethereum in favor of Tron. There were couple of migrations to VeChain and Stellar, but no departure of Ethereum for Tron.
It is also questionable if his statement is true, since there are known issues EOS, also a dPos system like Tron, had with hidden costs for developers in form of having to buy RAM and CPU to run the dApp. This issue was pointed out by one Tron holder:
“What about dev fees? Compare it to EOS for me… on EOS ram restrictions make it very difficult for me to justify a dapp being worth creating, if tron uses a similar DPOW network why doesn’t it have the same restrictions? Is it truly that cheap for me to have a sustainable dapp on tronix? I might have to get to work….”
Edit: DPOS not DPOW
To which he received a reply from another user:
“I think what we really need are some case study dapps where you can see how the same dapp would perform on tron, eth, eos and you can see how much each would cost to run and deploy. If someone from tron is listening I’m pretty sure this would be the easiest way for people to compare dollars to donuts. That or figure out a way for someone who has an eth dapp to estimate the costs of said dapp on tron. Might be as simple as a dapp calculator that checks the bytecode and determines the approximate tron fees, though that sounds way too simple so it’s almost certainly not that easy.”
Justin Sun seemed to be a marketing wizzard back in the bull days of crypto. Now he just looks like a broken record with only one track that he keeps spinning, without considering what his community or other crypto fans tell him.
He should file a patent for his signature move: “announcing the announcement”. In former, dizzying bull days it was a trump card which propelled Tronix, at the time, an empty project with nothing but whitepaper to show for, to the top 15 ranking on coinmarketcap.
As time passes by and bear’s firm grip of crypto markets squeezed the drunken optimism out of the investors, pulling the same trick out of your sleeve doesn’t cut it anymore.
The post Tron’s (TRX) Justin Sun sends another jab towards Ethereum (ETH) appeared first on CaptainAltcoin.

Total market capitalization fell to $129 billion. All crypto currencies within the top 10 had to cope with heavy price losses. Bitcoin Cash lost half of its value.
We are in the deep bear market. Only seven crypto currencies within the top 100 have recorded price gains. Most of these are stable coins that are fluctuating. As reported on 25 November, not only Bitcoin fell below 4,000 US dollars, but XRP also fell below the moving average of the last 20 weeks. Although the market was able to recover somewhat, we are still a long way from a real market turnaround. Bitcoin Cash was hit particularly hard again – its price has halved. Litecoin had to cope with 20 percent price losses and can therefore perform best within the top 10.
In terms of market capitalisation, this sale meant that it fell from USD 173 billion to USD 129 billion.
Looking at the charts as a whole, it’s rather bearish: all assessments are negative, so short-positions become profitable. The “rather” in “rather bearish” is due to the small glimmer of hope that the RSI is oversold. Overall, the market is therefore currently primarily interesting for shorting. The first targets are the indicated supports, and the resistances are the stop losses.
Best price performance: Litecoin (LTC)
To speak of a “winner of the week” sounds like a mockery, as the Litecoin price also suffered a full 20 percent losses. Litecoin is in a better position than all other crypto currencies of the top 10, tether excluded. Nevertheless Litecoin has fallen deeply and tested a support that was last reached in July 2017 (see left panel in chart).
The negative, but currently stabilizing MACD together with the oversold RSI gives hope. Nevertheless, the overall situation is rather bearish. With a fall below support at 28.75 US dollars, a window would open for a short position with a stop loss at 33.25 US dollars and targets at 21.90 US dollars and 17.45 US dollars.
Should the price actually crack the resistance at 36.00 US dollars, a stop loss at 33.25 US dollars as a target could target the 42.91 US dollars in a long position.
Worst price performance: Bitcoin Cash (BCH) The price of Bitcoin Cash is still marked by the Hash War. This week, Bitcoin’s little brother had to bleed a lot and lost over 50 percent of his market value. The price is now testing a long-term support that has been in place for a year.
As with most of the other crypto currencies, the MACD is negative and the RSI oversold, so that overall a rather bearish impression is created. Currently, one should wait and see: If the price rises above the resistance at 260.32 US dollars, a cautious long position with a stop loss at 200 US dollars and a first target at 330.54 US dollars would be the obvious choice. However, if the price falls below support at 146.80 US dollars, the price would find depths it has never reached before. A first rough target would be 77.26 US dollars, while the stop loss could be set at around 180 US dollars.
Stability of the Top 10 Currently, the fight in midfield is very exciting: Bitcoin Cash, EOS and Stellar are only a few percent apart. Should the Stellar price rise by five percent, there could be a new crypto currency in fourth place, displacing Bitcoin Cash to fifth place. The gap between Litecoin and Tether is also very narrow: Litecoin is only three percent apart from the stable coin. The tightest neck-and-neck race, however, takes place at the back of the field again, because only one percent lies between Moneros and Cardano’s market capitalization.
Winners and losers of the week On average, the top 100 fell by 24 percent and had to cope with approximately the same price losses as Bitcoin. Factom was able to continue last week’s uptrend and achieve a solid 28 percent gain. All other price gains, however, are fading: Sirin Labs gained five percent, while QuarkChain gained eight percent.
In addition to Bitcoin Cash, Metaverse ETP also recorded price losses of more than 50 percent, putting it at the bottom of the performance league this week.
58 percent of the top 100 crypto currencies performed worse than Bitcoin. Bitcoin’s market share therefore rose slightly to 54 percent.
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