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TOP 3 Price Predictions: BTC, ETH, XRP — Levels to Pay Attention After A Weekend of Stagnation

  • Denys Serhiichuk
    📰 News

    Do altcoins have enough strength to keep Bitcoin under the 70% dominance index for a long time?

TOP 3 Price Predictions: BTC, ETH, XRP — Levels to Pay Attention After A Weekend of Stagnation
Cover image via www.123rf.com
Contents

The weekends passed smoothly for the cryptocurrency market against the low level of volatility. Altcoins managed to pull back the dominance index of Bitcoin to the area below 70%. Most of the coins are located in the green zone, except for BTC, XRP, and Binance Coin.

Top 10 coins by coinstats
Top 10 coins by Coinstats

The key data of the top 3 coins are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$185 754 928 049

$10 355,01

$12 087 536 766

-0,18%

Ethereum

ETH

$20 978 345 507

$194,67

$6 505 996 848

2,93%

Ripple

XRP

$11 327 393 921

$0,263278

$833 934 738

-0,32%

BTC/USD

Our recent Bitcoin price analysis has not come true yet, as the coin keeps located within the same price range. Yesterday's trading volumes were below average, and the pair consolidated in a very narrow range, step by step decreasing to the four-hour EMA55. The price volatility has not exceeded 2% over the past day.

BTC/USD 4-hour chart
BTC/USD chart by TradingView

On the 4H chart, Bitcoin is struck between $10,300 and $10,400. The declining level of the trading volume confirms the short-term price drop to the nearest support at $10,100. This mark is about to be reached until September 11.

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Bitcoin Price Prediction for September 2019: Can Bakkt be a Rescue for  BTC?

Bitcoin is trading at $10,304 at press time.

ETH/USD

Ethereum has started its rise earlier than we predicted in our recent forecast and the leading altcoin is moving confidently to the $200 mark.

ETH/USD 4-hour chart
ETH/USD chart by TradingView

According to the chart, bulls are becoming more active, pushing the rate to the critical $200 level. The MACD indicator also suggests the upcoming growth. However, the rise will be accompanied by slight corrections to the point around $190 as it is outlined on the chart.

Ethereum is trading at $193.38 at press time.

XRP/USD

XRP is the biggest loser out of the top 3 coins, as its rate has dropped by around 0.5% over the last day.

XRP/USD 4-hour chart
XRP/USD chart by TradingView

XRP is about to repeat the earlier scenario when the rate went down after a bullish candle. In this regard, the price might go back to the support at $0.25 shortly. The relatively low level of trading volume confirms such a movement.

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XRP Price Prediction for September 2019: Can $0.30 Be Finally Conquered?

XRP Price Prediction for September 2019: Can $0.30 Be Finally Conquered?

XRP is trading at $0.2621 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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