Our coverage:

Stellar Lumens (XLM): a bull case

Carla Olson | 5:48 pm ET, 01 Aug 2018

Stellar (XLM.X) is trading at $0.27, up 0.29% from yesterday. Stellar Lumen's price has come down from its recent highs, but bullish pressure may be kicking in soon.  XLM is certainly in the correction mode.

What is the Stellar Lumen price forecast? What do speculative investors need to know?

Crypto prices seem to be like a living roller-coaster these days. The crypto community is looking out for the latest news regarding developments in infrastructure and collaborations for any altcoin, including Stellar.

There are some positive developments related to Stellar: its partner SatoshiPay, a London-based company which processes micropayment transactions, is going to start its Initial Public Offering (IPO) on AIM. The AIM is a sub-market on London Stock Exchange.  SatoshiPay chose to get listed on AIM because it will be able to raise development capital after the IPO. 

IBM's "stable coin" will run on Stellar Lumen's platform and will be supported by the blockchain technology. This will help with Stellar's institutional adoption and credibility in the investment community.

Stellar Lumen's partnership with TransferTo will promote the international money transfer, through which people in more than 70 countries will be able to send and receive money in a fast and efficient manner.  In addition, Coinbase announced that it would explore adding XLM to its platform.

How will the price move in the new few hours and days?  Here are the major technical indicators:

  • MACD is moving towards a bearish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is dipping into the oversold territory, so we may we some bullish pressure over the course of next few days. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at  0.23;
  • A new major resistance level is forming at  $0.30.

Over the last 30 days, XLM.X gained 38.01%, which is 12.57 percentage points higher than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin price forecast: what do you need to know

Carla Olson | 7:22 pm ET, 29 Jul 2018

Litecoin (LTC.X) is trading at $84, up 1.3% from yesterday.  Litecoin price has been somewhat less volatile in the past week, and it seems like the deep bearish trend is coming to an end.  

What is Litecoin's price forecast?  What news should investors be aware of?

Litecoin is becoming an alternative for Bitcoin, as it increasingly serves as a transaction medium for many businesses. The Litecoin Foundation has succeeded in convincing various high-level merchants to accept LTC as a payment method. 

The development of Flexa can further accelerate this.  Flexa is a one-tap payment method for execution of microtransactions, so users won't have to route payments through banks or card providers.  It has good security features and thus users won't have to worry about protecting their private keys.

The transaction speed of Litecoin is faster than that of Bitcoin. However, Litecoin's future depends on its mass adoption.  Critics argue that  Litecoin doesn't show an impressive run on the commercial adoption frontand point to the 75% price drop since the beginning of the year.

But Charlie Lee, Litecoin founder, is quick at responding to critics on Twitter who are disappointed by LTC's value drop since its glory days.  He argues that LTC price spike in January occurred because traders realized that LTC was the fastest means of transferring funds across exchanges during the peak trading season (between December 2017 and February 2018).  

Now, let's talk about LTC price prediction.  Here are the major technical indicators:

  • MACD has a recent upside momentum. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) approaching 50, which means the coin is still oversold, but approaching the neutral territory. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at  $82.30;
  • A new major resistance level is forming at  $89.00.

Litecoin has a market capitalization of about $5 billion and is the 7th largest cryptocurrency. Over the last 30 days, LTC.X gained 6.99%, which is 23.37 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Ripple price prediction: there is a silver lining

Carla Olson | 1:22 pm ET, 27 Jul 2018

Ripple (XRP.X) is trading at $0.46, up 0% from yesterday.  Ripple price has been recovering, but the currency is facing strong barriers against Bitcoin.  On the XRP/USD hourly chart, there is a small bearish trend line in place, with resistance at $0.44.  

What is Ripple's price forecast?  What developments should investors be aware of?

The media is somewhat negative about XRP and its activities.  One issue for investors is the impact of ‘whales’--and their selloff.  As a reminder, 'whales' are investors who control a large number of XRP--and the fact they have been selling Ripple causes a concern to retail investors.  

A few days ago, Ripple released somewhat disappointing figures for Q2'18. Ripple holds a vast amount of the total supply of XRP in an escrow account that will not be fully paid out for the next several years.  Q2 saw a sharp decline in Ripple-initiated XRP sales compared to Q1: sales were down 56%, dropping from $168 million worth of XRP sold in the first three months of the year to $74 million sold in the second three months.  

Another question investors ask is if Ripple (XRP) is declared a security, will it survive? Our prediction is that Ripple will not be treated a security. The company has been working with different regulatory bodies right from the start, emphasizing that Ripple and XRP are not alike.  Even if Ripple Co. ceases to exist, XRP will still remain. 

New market entrants have adopted XRP despite slow sales last quarter.  One of those entrants is a company called Coil, led by Stefan Thomas, which helps with organizing media buys. Many large financial services players have announced they have plans to incorporate Ripple (e.g., Goldman Sachs has started implementing it).

Regarding declining sales, Ripple has a plan: if sales fall again, the company will raise new capital accordingly.

Here are the major technical indicators:

  • MACD is moving in the bearish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is moving higher, above level 50 (indicating the currency is slightly overbought today). RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $0.44;
  • A new major resistance level is forming at $0.47.

Over the last 30 days, XRP.X lost -3.39%, which is 35.69 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Bitcoin price prediction: more upside to be seen?

Carla Olson | 3:54 am ET, 25 Jul 2018

Bitcoin (BTC.X) is trading at $8,302, up 4% from yesterday.  Bitcoin price broke the key resistance against the US Dollar at $8,000.  On the hourly chart of BTC vs. USD, we find a key connecting bullish trend line with a support level at $8,250.

What is Bitcoin's price forecast, i.e., prediction? Will it rise higher in the near-term?  What's driving the price surge?

Bitcoin's dominance in the crypto market got a boost when its price broke the $8,000 level for the first time in the past two months. This sudden rise is further increasing investors' confidence about the cryptocurrency.

Bitcoin is the oldest blockchain that has the first-mover advantage and a remarkable 99.99% uptime. Also, it is the most battle-tested and most immutable blockchain with the most pronounced network effects. So it sparks the highest confidence level among the crypto investors.

During the market-wide correction, bitcoin proved to be a stable digital asset. While other altcoins are continuing to struggle, Bitcoin has started showing signs of recovery.

Other factors contributing to its success are the launch of the custodial service at Coinbase and the interest of BlackRock and other major banking and investment firms in cryptocurrencies.

The bullish trend has become even more pronounced after the news about Bitcoin ETF introduction in August broke.

As far as our price analysis and forecast, here are the major technical indicators:

  • MACD  has entered a bullish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator)  is near the overbought level, with no signs of a downward movement.  RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $8,250;
  • A new major resistance level is forming at $8,500.

Over the last 30 days, BTC.X gained 35.58%.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Ethereum price prediction: the near-term prospect for the cryptocurrency

Carla Olson | 8:20 pm ET, 21 Jul 2018

Ethereum (ETH.X) is trading at $462, up 2% from yesterday. A major downside correction occurred below $500 against the US Dollar. In the last two days, Ethereum trimmed most of its gains against the US Dollar and Bitcoin.

What is Ethereum's price prediction? What are the reasons attributing to the price volatility?

The news about institutional interest in the cryptocurrency space has caused the Ethereum price to rise. BlackRock CEO stated the company is looking into the blockchain, even though there is no notable investor demand. Still, this is an encouragement for retail investors and cryptocurrency enthusiasts because BlackRock is the world’s largest asset manager.

Traders are optimistic about the regulatory developments in the US and abroad relative to cryptocurrency space. 

In addition, there are some interesting developments about using Ethereum in the gaming space.  Gods Unchained, the first competitive e-sports project on Ethereum with backing from Coinbase, is now live.  Gods Unchained co-founder Robbie Ferguson believes the decision to launch the game on the Ethereum main chain was the right step for his parent company Fuel Games. 

"With over $50 billion turned over in in-game assets on marketplaces every year, current game publishers are essentially acting as central banks with absolutely no oversight or regulation – this needs to change," said Ferguson.  

What do we forecast for Ethereum's price in the near term?  Here are our thoughts based on the major technical indicators:

  • MACD  is in the bullish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is currently above the 50 level (trending towards overbought).   RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $471.
  • A new major resistance level is forming at $455.

Over the last 30 days, ETH.X lost -8.11%, which is 17.01 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Bitcoin surge: multiple factors contributing to the rally?

Silvy Geller | 5:33 pm ET, 17 Jul 2018

Bitcoin (BTC.X) is trading at $7,360.49, up 10.38% from yesterday.  Bitcoin price surged higher and broke a crucial resistance near $7,150 against the US Dollar.  There is a new key bullish trend line forming with support at $7,500.  

What's bitcoin price prediction, i.e., forecast?  What's driving the price?

Cryptocurrencies are largely continuing to build on a major surge that kicked off yesterday, according to Finstead, with virtually all of the top 10 cryptocurrencies in the green.

An unexpected corrective rally occurred today, pushing the price of major digital assets to spike by large margins.  Bitcoin has been one of the best outperformers among the major cryptocurrencies, rising by more than 10 percent in a short period of time. 

Positive events driving this behavior are 1. the government of South Korea regulating its cryptocurrency market, which could fuel the next rally, 2. increasing optimism in terms of regulation, adoption, and general consumer demand, 3. bullish year-end projections by ‘famous’ analysts, 4. large companies such as BlackRock setting up working groups to look into cryptocurrencies and blockchain.

The tide seems to be shifting.  Larry Fink, Blackrock CEO, had previously railed against bitcoin, calling it the “index of money laundering.”  Now,  the largest asset manager in the world, BlackRock, is looking into cryptocurrencies and blockchain, the technology that underpins them. 

How long will this rally last?  No one can really tell.  

Here are the major technical indicators:

  • MACD is trending down, slowly entering the bearish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;

  • RSI (relative strength indicator) is correcting lower from the overbought levels.   RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;

  • A new major support level is forming at $7,500;

  • A new major resistance level is forming at $7,150.

Over the last 30 days, BTC.X gained 12.52%. 

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Depressed volatility driving bitcoin (BTC) price down?

Carla Olson | 6:34 am ET, 22 Jun 2018

Bitcoin (BTC.X) is trading at $6,407.53, down -4.79% from yesterday, wiping away the gains from the most recent steady recovery.    What's driving the bitcoin price down and what's the BTC price forecast?

Looking at the technical analysis for the cryptocurrency, we notice some bearish signals for bitcoin:

  • Bitcoin price failed to hold gains and broke a major support at $6,700 against the dollar.
  • MACD is trending down, entering the bearish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is now in the oversold region.   RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new support level is forming is $6,300.

What do the experts say?  Bill Baruch, Blue Line Futures President, told CNBC bitcoin's "bottoming process can begin" following signs that volatility is depressed.  Bitcoin's 30-day volatility is now at 61 percent, and slightly up from its low of 50 percent earlier this month. This volatility is significantly below the annualized volatility seen last year, north of 150 percent.

After bitcoin's volatility has become quite depressed and the cryptocurrency has lost as much as 70 percent from its December peak, it's time for it to find a new bottom.  

It's no secret that the bitcoin price is going to remain unpredictable. There are massive spikes and declines, and nothing is preventing $5,000 from being the bottom.  Bitcoin challenges for 2018 involve regulation and market maturing; with larger sums, crypto is becoming a grown-up game.

However, one reason for optimism is the amount of crypto-financing in 2018 thus far, which is exponentially larger than the amount spent on financing in 2017. 

Over the last 30 days, BTC.X lost -22.54%.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Are hacking issues alone responsible for cryptocurrency price drop today?

Carla Olson | 8:41 am ET, 11 Jun 2018

The Bitcoin price dropped 7% today.  Ripple, Ethereum and Litecoin have followed suit.  

A closer look into altcoin prices reveals that some other cryptocurrencies have suffered even more--EOS is down 17%, while Tronix is down 12% and Bitcoin Cash declined 10%.

The sharp drop in the price of bitcoin and other virtual currencies is attributed to the hacking of the South Korean cryptocurrency exchange Coinrail, which was compromised over the weekend.

The obvious question is, why did the price of Bitcoin and Ethereum remain relatively more stable than the price of other virtual currencies?

It's important to note that EOS, Tronix and Bitcoin Cash are all more susceptible to panic selling than the mainstream coins.  

Coinrail is a relatively minor cryptocurrency exchange in South Korea, and the volume traded on Coinrail will not impact the price of altcoins dramatically.  However, when a panic attack hits the market, manipulators are going to be most noticeable in those areas where liquidity is lacking.  

Low liquidity is an issue for most altcoins because it allows individual traders to manipulate the price of cryptocurrencies.  What follows next is a wave of panic selling from individuals who don't believe in the long-term opportunity for those altcoins, and are looking to curtail losses by liquidating their positions. 

The current decline in the price of cryptocurrencies is a move perpetrated by market manipulators who can, for all intents and purposes, drive down the price when it's opportunistic for them.

To follow the price and news about cryptocurrencies, please visit Finstead (and type "BTC.X price" or "BTC.X news" to get the latest scoop and information).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Bitcoin, Ethereum, Ripple and EOS: who's winning and who's losing?

Carla Olson | 2:22 pm ET, 01 Jun 2018

As the crypto market gains more mainstream popularity, one thing is apparent--increasingly more altcoins are gaining in status, relative to the (still) most popular cryptocurrency, Bitcoin

It's a common belief today in the crypto investment world, that Bitcoin is losing dominance--and history of its market cap relative to all other cryptocurrencies shows exactly that.  Also, Ethereum, which was once viewed as the enabler of blockchain-based projects and companies, is slowly losing its supremacy.  

Some insiders, such as Brad Garlinghouse, Ripple CEO, declared that Bitcoin could be on the verge of experiencing a price downfall in the cryptocurrency community as investors are gradually becoming aware of the different currencies and alternatives available to them.

Individual investors are becoming more focused on the mission of crypto companies and currencies (e.g., what problems are they solving?) and also the teams that run them.  

So which coins are gaining in popularity relative to the rest?  And which ones are likely to make it to or stay in the top 5 list (by market cap), if they are not there already?

Two candidates that stand out are EOS and Ripple.

EOS is a well-funded project--over $4B went into it, and now the company is rapidly releasing new features and functionalities. The EOS team is an A-team--and that's a requirement for companies planning to win in the crypto space.

But funds are not everything.  Microsoft has spent billions trying to make Bing relevant and it failed. It’s not about the money but about the way you use resources, says Brad Garlinhouse.  Ripple (XRP) has used its funds very wisely in a way that has created value for their users and coin holders. 

When Bitcoin was initially offered in 2008, it was a game changer. It was the first time people could initiate transactions and trade without having banks or governments behind it.  

But the landscape has changed.  The secret source to winning in the long term is talent investment, focus on execution and long-term vision.  EOS and Ripple seem to have that--and we'll watch closely how they execute.


Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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