Cardano (ADA), EOS, & Steem: the Top 3 Cryptocurrencies by Weiss Ratings

Cardano (ADA)

This morning the infamous investment rating bureau, Weiss Ratings, had an emergency briefing for cryptocurrency investors. Since 1971, the firm has graded everything from stocks to insurance plans. The firm’s newest grading venture is focused around cryptocurrency. The skype meeting this morning was led by the website’s Founder, Dr. Martin Weiss, and supported by cryptocurrency ratings-model expert Juan Villaverde, Bitcoin Veteran Tristan Amzallag, and senior analyst Gavin Magor.

The webinar specifically highlighted how Villaverde comes to the mathematical conclusions of the ratings of each cryptocurrency and each factor that is graded. During the meeting, Villaverde explained ...

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More Infrastructure Support Joins the Bitcoin Cash Ecosystem

More Infrastructure Support Joins the Bitcoin Cash Ecosystem

This week the Bitcoin Cash network has gained more infrastructure and support from a variety of crypto-based businesses. Additionally, the digital asset has seen increased trade volume, and its price has been holding steady after the big dip that affected the entire cryptocurrency market ecosystem.

Also Read: Las Vegas Strippers Accept Bitcoin via QR Tattoos

Bitcoin Cash Markets Consolidate for the Next Move

More Infrastructure Support Joins the Bitcoin Cash Ecosystem So far the Bitcoin Cash (BCH) blockchain is 8037 blocks ahead of the core chain (BTC) since it was born on August 1, 2017. At the time of publication, the BCH chain is operating at 11.8 percent of the BTC chain’s difficulty, and it is 4.8 percent more profitable to mine BTC right now. Since the inception of BCH, the digital asset has grown exponentially in value in just a few short months, and today one BCH is averaging $1,225 per token. After this weekend the currency’s market saw a significant spike in trade volume, capturing over $400Mn each day over the past 48 hours. The currency swapped the most with BCH right now is BTC, as it represents roughly 51 percent of BCH trades on February 27. This is followed by tether USDT (20.7%), the USD (16.2%), and the Korean won (8%).

Technical Indicators

Bitcoin Cash markets have seen some gains since the February 25th rally got started, and the price has recovered quite a bit since hitting a low of $760 on February 6. The 100 Simple Moving Average (SMA) is above the longer-term 200 SMA after crossing hairs just a few hours ago. This indicates the path to resistance is on the upside and bulls have a chance to regain the $1,650 high it reached on February 18. RSI and Stochastic oscillators are heading northbound as well following tight correlated movements with BTC market indicators.

More Infrastructure Support Joins the Bitcoin Cash Ecosystem
Today on February 28 one BCH is averaging $1,225 USD per token.

Order books show big sell walls in the $1,300 region, but after those walls there seems to be smoother seas ahead. BCH will likely have pit stops in the $1,600 and the psychological $2,000 territory if market prices manage to make it past resistance. On the back side, order books show some solid foundations between $1,200-1,000. If the Displaced Moving Average is broken at $1,000, testing the $700 territory again would be likely. For now, BCH markets look like they will continue to rally northbound with the rest of the digital assets recovering from this past weekend’s losses.

New Infrastructure Support and a Telegram Tip Bot

More Infrastructure Support Joins the Bitcoin Cash Ecosystem
Three more companies announce Bitcoin Cash support. Unocoin launches its multi-currency exchange that lists BCH. Paybis now allows BCH purchases using credit cards, and the wallet provider Bread revealed this week its BCH supporting wallet is on its way.

Bitcoin cash has also gained some infrastructure support this week. For instance, the Indian company Unocoin has launched a multiple cryptocurrency asset exchange and will list BCH. Another popular wallet provider Bread (formally Bread Wallet) has announced its multi-currency client will be released soon with full BCH support.

“We have to build a fully autonomous SPV wallet, and it has to work — We can’t get away with standing up some bitcoin-ABC nodes and changing some RPC calls. That being said, it’s already done and in final testing phase. In fact, if you’d like to test, please email me,” explains a developer from Bread.

More Infrastructure Support Joins the Bitcoin Cash Ecosystem
The tipmebchbot.

In addition to the wallet support, the BCH community now has a beta Telegram tipping-bot called the tipmebchbot. The bot allows Telegram users to tip each other BCH, but the program is in a testing stage for now. “This software is highly experimental and may lead to loss of funds. The author takes no responsibility for your money,” explains the Bot’s Github repository.

Alongside the Telegram bot, BCH fans will soon be able to purchase bitcoin cash using a debit or credit card through the company Paybis. The firm says they are thrilled to announce that customers will be able to use cards to purchase BCH almost instantly with help from its processing partner Simplex. According to Paybis, users will be able to buy $20,000 weekly and $50,000 USD monthly.

New ATMs that support Bitcoin Cash installed this week in Toronto and the UK.

BCH Community Remains Positive

Overall bitcoin cash proponents are optimistic the price will regain strength, and more infrastructure will soon follow. Additionally, there are two big conferences dedicated to focusing on the BCH ecosystem coming this spring hosted by Bitcoin Unlimited and the firm Coingeek. Further, there’s been a lot of discussions revolving around the development of ‘colored coins’ and the community has been talking about this subject with great fervor. Lastly, BCH supporters are waiting for Bitpay to implement BCH invoices soon which will open the cryptocurrency to a vast array of merchants and services that accept cryptocurrency payments.

What do you think about the BCH ecosystem growth over the past couple of weeks? Let us know your thoughts in the comments below.


Images via Bitcoin Cash, Tipmebchbot, Unocoin, Bread, and Paybis.


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The post More Infrastructure Support Joins the Bitcoin Cash Ecosystem appeared first on Bitcoin News.

Top 10 Cryptocurrency Acronyms

Cryptocurrency represents an environment that is constantly growing and changing. As this ecosystem evolves and becomes increasingly complex, so does the jargon used most frequently in conversation. Acronyms play a large role in cryptocurrency dialogue,

Crypto Price Analysis: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Cardano, NEO – February 28

Crypto Price Analysis

On Wednesday, most of the major cryptocurrency prices stagnated and fell slightly. However, the market has now recovered following the big market selloff that occurred earlier this month.

BTC/USD

In our previous article, it was established that a resistance of $10,875 must be tested for BTC to hit $11,000 once again. Although it did manage to surpass $11,000 today, the gain was short lived and the coin went back down to around $10,500.

 

Source: Tradingview

However, BTC could be set for another rebound toward $11,000. This is ...

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Etheropoly Airdrop – Collect Crypto for Free

Etheropoly will be commencing an airdrop for its Telegram members.

In advance of its token event, Etheropoly will be holding a crypto airdrop for its OPOLY tokens, and there’s still time to sign up.

How to get involved in the Etheropoly airdrop

Each participant will receive 100 OPOLY in the airdrop.

Step 1: Join the Etheropoly Telegram group (you will need to sign up to Telegram if you haven’t already done so).

Step 2: Follow Etheropoly on Twitter.

Step 3: Share this tweet.

And that’s it; ...

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