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A Swift Lesson

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Of all the big brand names that have reinvented themselves in the last few years, perhaps the most successful has not been a company at all but a pop singer.

According to an article in Forbes magazine, there’s a lot we can learn from Taylor Swift’s groundbreaking release of her new hit single Look What You Made Me Do

Though the music is not my favorite, you can’t help but admire the way Swift handles everything from the Music to Social Media, and right down to the way her CDs (apparently people are still using them) are distributed.

Every leader in business should read the above-linked article and take a few lessons from the pop diva.

@MatiGreenspan
eToro, Senior Market Analyst

 

Please note: All data, figures & graphs are valid as of September 18th. All trading carries risk. Only risk capital you can afford to lose.

Market Overview

As the missiles fly towards Japan and the Supreme Leader Kim Jong Un vows to reduce the United States to ashes and darkness, CNN gets an excellent glimpse into the minds of the citizens of the DPRK.

When you have a moment, check out: Secret State

Understanding the conflict of North Korea might be able to give us a good insight into what’s taking place in the global markets and how to position yourself.

Of course, understanding what’s happening with the US Dollar will give us a better insight. This morning, the markets are all googly eyed about the upcoming FOMC meeting on Wednesday that will likely decide the fate of the greenback and could determine its course going forward.

The US Dollar has been losing against all the major currencies big league for the past few months. Here we can see the relative performance since the beginning of the year.

The FOMC has the power to reverse this trend or to plunge the Dollar further. The Fed Chair Janet Yellen’s time as the head may be coming to a close in February, possibly depending on what she does this week.

More Immediately

As we’ve discussed at length in previous updates, the central banks are the ones who control the markets. Since 2009 they have been the biggest buyers of bonds, ETFs and other financial assets and their appetite is one of the only things that determine the direction of stocks, commodities, and currencies.

Today we’ll hear from the Governor of the Bank of England Mark Carney who will be addressing the International Monetary Fund in Washington DC. Mark is generally considered a leader of central bankers and what he says can actually influence other countries as well.

Carney moved the British Pound last week and pushed it to the highest level since the night of the Brexit Referendum. Today’s speech is expected to be more global in focus and could give us a clue as to what strategy all of the central banks may adopt going forward.

China Ban Hammer

More cryptocurrency exchanges closed down in China. It’s been a steady decline since the People’s Bank decided to ban all ICOs. They never expressly came out and ruled that all cryptocurrencies should cease. However, by the fact that many exchanges are voluntarily closing their doors we can probably deduce that the Chinese government had some part in these decisions.

The feeling from Chinese Crypto Enthusiasts is that the government may be able to wound Bitcoin but does not have the power to kill it. Bitcoins can easily be bought in Hong Kong, and even more easily in Japan. Two countries that Chinese citizens visit often. So what’s to stop people from bringing them back and trading them peer to peer?

The Crypto Market is on a rampage this morning as it seeks to regain the losses from the past two weeks.

Bitcoin itself spent about 20 minutes below $3000 a coin on Friday but today is testing the $4000 level. Other cryptocurrencies are moving even faster than that with Ethereum and Litecoin gaining 18% and 13% respectively over the last 24 hours.

Let’s have an amazing week ahead!

This content is provided for information and educational purposes only and should not be considered to be investment advice or recommendation.
The outlook presented is a personal opinion of the analyst and does not represent an official position of eToro.

Past performance is not an indication of future results. All trading involves risk; only risk capital you are prepared to lose.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 135 rated postsSenior Market Analyst at Etoro.com.




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  1. derick

    September 18, 2017 at 6:09 pm

    hello could you please send me the link to this article “As we’ve discussed at length in previous updates, the central banks are the ones who control the markets.” mentioned above.
    thanks

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Cryptocurrencies

This Week’s Crypto Winners

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The past week worked out to generally be a down market for most cryptocurrencies, but we saw several experience massive increases over the last 7 days.

Nasdacoin

Nasdacoin increased a whopping 158.75% to reach a price of $2.47 as of the date of publishing. Ranking as #93 in terms of market capitalization, much of this change seems to be attributed to the team announcing that Nasdacoin would be listed on several new exchanges.

CREX24, BTC-Alpha, and MERCATOX all announced plans to list NSD on November 12th, and the result was a quick run-up in the price of the coin. From looking at the whitepaper, there doesn’t seem to be anything special about the coin, and it is easy to conclude that the recent increases are mostly the result of an improvement in accessibility, rather than a notable change in fundamentals.

Animation Vision Cash

Animation Vision Cash (AVH) is a content trading platform that underwent a significant spike on November 19th for an as yet unconfirmed reason. The platform differentiates itself among others by being an adult content trading platform. Content providers prefer this market mechanism a lot more, and the goal of the platform is to create a dialogue between producers and consumers. The recent 71% jump in price is likely the result of recent announcements.

On.Live

ONL, the coin of On.Live, went through a 70% spike in price to approximately $0.12. This is a true altcoin, with a market capitalization of approximately $2.4 million. The company is devoted to the idea of revolutionizing how video broadcast and remote consultations are executed. The ONL token is what would power the entire economy of the platform, however no new significant news has been released that explains this jump in price.

Factom

Factom has experienced a 51% run-up in price over the last 7 days, reaching a price of $6.49 at the time of publishing. Factom currently has a market capitalization ranking at 74 ($57.8 million), and this could continue to grow with the good news that has been published. On the 14th, it was announced that Equator would be incorporating Factom’s blockchain-as-a-service technology into their mortgage software. Generally, huge partnerships like this are seen as major successes, and help the public perception, as well as the economic case.

Birake

Birake had their BIR token appreciate 45% in the last week. Currently trading around a price of $0.12, Birake has a tiny market capitalization of $2.4 million. As a white label cryptocurrency exchange, they have a fairly unique offering, and it is natural that they have the occasional spike in price.

As you can see, there is a wide variety in the coins that were the biggest winners of the week. Some were in the top 100, and others weren’t even in the top 500. While this doesn’t negate the bear trend of the broader cryptocurrency market, it shows that there are still winners in our midst.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Cryptocurrencies

How Did Nasdacoin (NSD) Avoid the Crash? Game Changer or Ponzi Scheme?

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Nasdacoin (NSD) began its sudden ascension into the market cap top hundred just as the market crash struck last week. From Nov 14th through Nov 15th, Nasdacoin went on a 429% growth surge, while the rest of the market was bleeding out in what proved to be only the first dip of a two-pronged fall.

Since then the surge cooled somewhat, but NSD remains parked in the market cap top hundred, and remains in the green for a day in which several altcoins lost 30% of their value in a flash.

But what is Nasdacoin? And how has it avoided the gravitational pull of late which caused the rest of the market to come crashing to the ground?

What Is Nasdacoin?

Well, the project’s whitepaper sounds much like any other, and summarizes itself thus:

“Nasdacoin is an encrypted and decentralized virtual, open source, peer-to-peer currency, developed with the scrypt algorithm in the POW/POS Hybrid format, allowing people with entrepreneurial and passionate financial and technological market profile to store and invest their wealth in a safe currency…”

But delving deeper into the whitepaper immediately causes some alarm bells to sound, particularly when we arrive at the part where you invest your money in return for a guaranteed daily percentage return.

Another worrying sign is the mention of an affiliate programme, where users are paid percentage gains for every new ‘level’ of affiliate membership they achieve.

Furthermore, the whitepaper details a ‘Binary Bonus’, which is paid out every day to the most active affiliate creators, and has a payout ceiling of “infinity”.

In what may be a first for a crypto project, the ‘Team’ section of the whitepaper contains a photo of the co-founder which appears to be a selfie taken while sitting in his car.

Why Nasdacoin?

We’ve covered the warning signs without being too judgemental, but just why did Nasdacoin pump all of a sudden?

The source of the pump may have something to do with the coin’s listing on multiple exchanges, as announced on the day the pump began by the Nasdacoin team:

“We came to make History. NSD is Available in: CREX24 | BTC-Alpha | MERCATOX. Trade now!”

Of those exchanges, CREX24 handled close to 90% of the coin’s trades on Monday, processing close to $300,000 worth of NSD/BTC trades. The coin opened the day at a price of $2.39, and stands at $2.45 at time of writing.

Despite Bitcoin falling below the $5,000 mark, and all the major altcoins taking a tanking, Nasdacoin remains untouched by whatever’s fuelling the selloff.

According to the Nasdacoin explorer, 25 wallets hold 72.5% of the funds, while the top fifty addresses hold close to 83%.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 92 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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Altcoins

Litecoin Price Analysis: One Last Safety Net Ahead of $20 Territory

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  • Litecoin has been further slammed, dropping 35% over the past two weeks of trading.
  • Should near-term demand area of $35-33 fail to hold, it will be very punishing.

The Litecoin price remains firmly on the back foot, one of the standout under-performers in this current bear market, against some of the other major altcoins. LTC/USD has dropped a chunky 35% over the past going on 2 weeks now. Market bears have been pilling in since the big rejection, after trying to escape out of a bearish pennant pattern. This was attempted on 7th November, the upper trend line of the pennant proved to be too tough.

LTC/USD daily chart

Just a few sessions ago, LTC/USD collapsed through the lower support on the above-mentioned pattern. This was seen around the $49 mark, where the bears came pilling through to further crumble Litecoin. The price plummeted through a strong prior acting demand zone. It was tracking from the big psychological $50 area, down to $47 territory. Bulls had propped LTC/USD on occasions in August, September and October, leading the price on to make decent gains from the noted zone.

LTC/USD 4-hour chart

Between 15-18th November, price action did enter a temporary form of consolidation. As mentioned in the previous article , LTC/USD was trading within a range block, which was very much vulnerable to a breakout south, having since proved to be the case. It was eyed also as a bearish flag pattern set up, where sellers took a deep breather, ahead of the continued deep move south. LTC/USD lost over 15% from that consolidation area to current levels.

Key Support

LTC/USD weekly chart

Looking to the downside, eyes are locked in on the price range of $35 down to $33. The LTC/USD pair had consolidated within this area from June to August 2017, before being off on its journey north. In September 2017 this demand area proved required support for the bulls to continue their stampede higher. A failure to hold here will be very punishing to say the least. LTC/USD could be forced back down to $29 territory. The price was last seen here in June 2017.

Upside Barriers

There are now some big challenges ahead for LTC/USD, if it wants to return to heightened levels. During this bear market observed throughout this year, price action has formed new areas of resistance. It has all been uncharted territory, and unlike the 2017 bull run, there will be barriers that need to be broken for greater upside. The gains seen last year were not too challenging to achieve, as there was no history there for the bulls to deal with.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 55 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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