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Cryptoeconomics has been defined by some as a discipline that studies rules that regulate the production, dispersion, and consumption of products in a decentralized digital economy. The fundamental principles governing Cryptoeconomics are cryptography and economics. Simply put, the combination of these two concepts is what forms Cryptoeconomics. Cryptography Cryptography is the method used in securing […]
We mentioned a possible rebound for Bitcoin earlier today, which has eventually played out to the upside. The recovery was quite quick with a $600 add up with the last 8-hours of trading. Compared to about 10% loss a few hours ago, Bitcoin has now seen a correction of 8% gain, bringing the market back […]
The week started on a quiet note as market influencing figures are quite limited. For most of the currencies, there are no substantial figures to provide direction. Key influencers for the day will be PMI figures for the private sector out of the U.S, as there was a reported increase this month of November. Investors […]
Key Resistance levels: $275, $300, $325 Key Support Levels: $200, $175, $150 BCH/USD Price Long-term Trend: Bearish Yesterday, Bitcoin Cash bearish run was interrupted as the bulls defended the low at $200. This is the third time the bulls will be defending the support at $200 since September. BCH will move up if the price […]
EURUSD Price Analysis – November 25 The Euro slumped on Monday into early European trading, while unable to hold much of the recovery overnight, despite positive news, the dominant trend stays negative. At the same time, the bears face headwinds and may maintain prolonged consolidation, but should remain fully active while staying beneath the base […]
Just as we predicted in our previous crypto trading signals, Bitcoin finally dropped below $6800, cutting price all the way to $6600. The sudden price reduction has amounted to -9.10% losses overnight. More bearish reactions could play out for Bitcoin if the market continues to show weakness. Bitcoin (BTC) Price Analysis: Weekly Chart – Bearish […]
Key Resistance levels: $4, $5, $6 Key Support Levels: $3, $2, $1 EOS/USD Price Long-term Trend: Bearish EOS traded below the resistance at $3.60. The market is heading southward as the bulls fail to trade above the $3.60 price level. The market is approaching the previous low at $2.60. There is a possibility of a […]
In the past four years, the Swiss national bank has maintained a monetary policy of negative interest rate. With a deposit rate standing at a negative of 0.75% and the interest rate on cash at Zero percent, a top official of the apex bank has made it known in a recent newspaper interview that there […]
Explained below are a few reasons why Bitcoin is believed to be valuable. It is Recognized as a Good Store of Value (SoV) There is a rule in economics which states that an asset is valuable if it exhibits two qualities; scarcity and utility. Scarcity implies that there is a finite supply of that asset, […]
