Bitcoin has gone through a lot of ups and downs this year, however, the currency was able to maintain a respectable position in the crypto market for some time early. But, a day before yesterday, the currency again faced the pressure of bear and the currency dropped by around the value of $600. The value of the currency dropped from $10k mark and all this happened in just 30 minutes.

Bitcoin is currently trading at the value of $9,591.82 and it’s value currently is increasing by 1.10%. The market capitalization of the currency is $171,744,723,688 and the 24-hour volume of the currency is $15,207,243,432. The circulating supply of the currency is 17,905,337 BT and the ROI is 6,989.30%.

The drop in the value of the currency also poses the question in front of everyone in the market about its positive value predictions. After the fall on the night of Wednesday, the currency’s value was continuously dropping slowly. However, the current time the currency is in a lot better position from the point it has been started this year. In the starting, the currency was trading at a value of $4000. Still, it is for the from its most-awaited and celebrated value of $20k, which Bitcoin has achieved in the year 2017.

In the past months, Bitcoin has recently been hovering between the values of $9,000 and $13,000. However, Bitcoin has maintained stability in its value for some period of time before dropping down with the bearish pressure presently. One of the analysts in the market also stated that $10k is the “new normal bottom” and but later the currency’s value decreased from the mark.

As per the CEO of deVere Group, Nigel Green,

“Looking at its performance this year, I believe that the new normal bottom price for is $10,000” he stated. He further added, “It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500 in a matter of minutes.”

He is still supporting what he said earlier that the Price of Bitcoin will soon reach up to the value of $15k. He said,

“Cryptocurrencies, and in particular, bitcoin, are increasingly part of mainstream finance.”

He added,

“There is increasing global acceptance that cryptocurrencies are not only the future of money, but increasingly the money of today.”

• Recently the price of Ripple recovered, but it failed to break the $0.2600 resistance area against the US dollar.
• The price is has been moving lower and remains at a risk of more downsides below $0.2500.
• On the hourly chart of the XRP/USD pair, yesterday’s highlighted major bearish trend line is active with resistance near $0.2580
• The current technical structure indicates that there might be further downsides as long as the price is below $0.2620.
• Ripple price is showing bearish momentum against Bitcoin and the US Dollar. If the XRP price continues to struggle below $0.2600, it could trade to a new monthly low.

There was a sharp decline in ripple below the $0.2600 and $0.2580 supports against the US Dollar yesterday. The bears, taking control, pushed the price below the $0.2500 support level.

The price settled below the 100 hourly SMA and traded to a new monthly low at $0.2460. There was an upside correction above the $0.2500 and $0.2520 levels recently.

The price also traded above the $0.2580 resistance level. However, the $0.2600 and $0.2620 resistance levels proved to be key barriers. The price finally topped near $0.2623. It is currently moving lower.

Ripple is trading below the $0.2550 level.  It is also trading below the 50% Fib retracement level of the recent wave from the $0.2460 low to $0.2623 high. Immediate support is near the $0.2520 level on the downside.

Moreover, the 61.8% Fib retracement level of the recent wave from the $0.2460 low to $0.2623 high being near the $0.2520 level, a downside break below it could accelerate the decline. Somewhere near the last swing low at $0.2460 could be the next stop for the bears. The price may perhaps continue further downwards towards the $0.2420 and $0.2400 supports.

There is a major resistance forming near the $0.2580 and $0.2600 levels on the upside. In addition, major bearish trend line highlighted yesterday is active with resistance near $0.2580 on the hourly chart of the XRP/USD pair. Consequently, it will be difficult for the bulls to push the price above the $0.2580 and $0.2600 resistances.

The price of ripple is clearly struggling to continue higher above $0.2580 and $0.2600. A clear break below $0.2520 and $0.2500 is likely to push the price further lower on the downside. In the near term, the bears are likely to target the $0.2420 and $0.2400 support levels.

Dogecoin (DOGE) has consistently fallen for quite a long time now. As of writing this article, the coin was trading at $0.0024 against the United States dollar (USD). The market cap of the coin was $297,071,260 United States dollar (USD) and the 24 hours trading volume of the coin was $26,287,803  United States dollar (USD).

Today is not a good day for almost all the coins in the Crypto market as almost every coin is showing a fall so much cannot be expected from the Dogecoin (DOGE) as well since the coin is already falling at an unprecedented rate in the market.

Dogecoin Statics 

Dogecoin Price	$0.00248176
Market Cap	$300,288,883
Market Cap Dominance	0.12%
Trading Volume	$48,577,324

Yesterday that coin was trading at$0.0026 against the United States dollar (USD) and from that point, it fell by almost 8 percent to $0.0024 mark against the United States dollar (USD). The fall of the coin did not stop there and started falling further to a low point of  $0.002332 against the United States dollar (USD).

Dogecoin (DOGE) has the required potential to revive from its current position. Although the coin has shown regression of around 16 percent in the last 30 days still it can be improved. We need to wait and see how the coin plays out once the market gains some stability. At the present juncture, it is very difficult to say anything about Dogecoin (DOGE) with conformity.

Although the crypto did face many bearish moves on its journey recently, however, Cardano still managed to perform well on a weekly basis. In fact, if the price charts of the crypto are taken into account, it can clearly be seen that there has been some notable escalation in the price.

If observed with a keen eye, the price chart of Cardano also shows a really imperative fact about the crypto. The last seven days have also been one of the periods when the crypto was fighting with the bearish moves almost on a daily basis. In fact, only yesterday the coin witnessed the highs at$0.049950 as well as the low at $0.48180.

However, the part that must be noted is the fact that the Cardano didn’t let the bears destroy the overall momentum of the coin.

Well, this quite clearly explains that Cardano has got a really praiseworthy potential.

COMPARISION OF PRICES

The opening of the crypto yesterday was found to be at an escalation of 0.59% and that shifted the price from $0.04900 to $0.04929.

The coin, however soon witnessed a drop of 2.21%. However, ADA was somehow able to hold the coin around the threshold of $0.049.

Perhaps that is why by the end of the day the crypto was able to achieve a jump of 2.38%. The jump shifted the price from $0.04884 to $0.05000.

The dynamics of the price chart clearly depicts the praiseworthy potential of the coin as it managed to hold its position despite many downfalls.

CARDANO’S PRESENT STATISTICS

Speaking about the current statistics of Cardano, the crypto is trading at 0.049101 USD whereas the ROI of the coin is at 126.50%.

The market cap, at present, is somewhere around 1,273,966,681 USD.

As far as the Total Supply of the coins is concerned, its found to be 31,112,482,745 ADA whereas the circulating supply is 25,927,070,538 ADA.

The 24-hour vol of the crypto is somewhere near 48,401,732 USD.

WHAT’S THE CONCLUSION?

Although the present quarter is a bit disappointing as the coin somehow or the other falls in the pit of the bears but there is still a good hope.

In fact, the majority of the market, after observing the undoubtedly strong performance of the crypto, believes that the coin will recover really soon.

As far as the investment plans are concerned, short terms investment might be a bit risky as the coin is really volatile and faces bearish moves every now and then.

Therefore, the long-term investment might better step as it will undoubtedly offer a considerable return on the investment.

Facebook is planning to launch its own digital currency called ‘Libra’ as we know but the works for the development of the blockchain is on its heels and is expected to complete as early as early next year. Now since there is still time for the launch, Facebook is giving the opportunity to the people of the crypto community to find bugs in its blockchain technology and in return you can earn money.

So what now is bug finding or bug testing? Bug testing is an important aspect when it comes to launching anything on the internet. As you know many applications are down sometimes this happens due to bug in the application.

Bug eliminating is important so that the applications work smoothly and without any disruption. Also, bug elimination is very important before the launch of the blockchain technology of Libra because once the blockchain technology comes to the market the elimination of the bug in the software becomes difficult.

This bug elimination gives the opportunity to tech experts to earn instant cash as a lottery earning them up to $10,000 United States Dollar (USD) per bug elimination. The money can be earned as cash and digitally as well (in the form of digital currencies).

The program to participate is easily open to the public on the official page of HACKERONE. You can visit the page to find out the details regarding the programs. There are some terms and conditions applicable as well.

Speaking about the crypto Cardano, one can clearly observe the massive dip of 4% that the coin took in the last 24 hours. This shift in the price, in fact, took the price to $0.048.

Truth be told, ADA coin has quite clearly showcased some really significant price swings in this period only.

However, there is still some hope as the middle-term of the crypto as per some analysts, seems to be in the favor of bulls.

CARDANO’S RECENT MOVEMENTS

While starting the day, Cardano began with a rise of 3.63% due to which $0.001785 was added to the coin.

The uptrend didn’t last long as soon the crypto started to show a decline of around 4.58% and drastically fell to $0.0048678 by 13:14 UTC.

By 18:08 UTC, another hike of around 4.13% followed that once again shifted the coin’s price to $0.050696.

By the end of the day, the last swing took place that ultimately dropped the value by $0.0022, thus leaving the coin at the position of $0.048451.

WHERE CARDANO STANDS NOW?

Speaking about the current market position of Cardano, the coin stands in the market with a market cap of 1,284,081,863 USD.

The value of the coni in USD, as well as BTC, is $0.048877 USD as well as $0.00000478 BTC respectively.

As far as the 24-hour volume is concerned, it somewhere around 81,343,465 USD.

The ROI of the coin at present is 125.39% and the circulation of the coin in the market is around 25,927,070,538 ADA.

CARDANO PRICE PREDICTION

If observed carefully, one may reveal that the Cardano has been moving within the boundaries of $0.048 and $0.050 USD for the last few days.

Although there is a really slow sign of progress on the price chart but the mid-term of the crypto is quite probably going to be in the bullish zone.

The price of bitcoin continues to be at the top and is by far unbeatable. Though, it had been learned that the bitcoin rise in price has grown lethargic as it had continued to stay above $10,000 , has now fallen short of $10,700.

On the other hand, facebook is heard to be striving to launch libra and is battling with regulators for the same and China is also making efforts to release its digital assets by 2019.

The telegram which is a renowned messaging platform is trying to launch its Gram token. Telegram runs a private ICO which had raised $1.9 billion. The sources like The New York Times are of the predictions that that telegram would be the distribution of token would begin soon, at least within two months.

The strife amongst these platforms to release their digital assets is still ongoing.

The confluence detector for price prediction

The tool that is put to use in order to detect the confluence also shows that bitcoin has recovered all the losses it had suffered and that it is targetting to hit the resistance of $10,286. The various indicators are as follows: Fibonacci 61.8%, SMA  5 daily and the previous 15 mins. It is, as well, predicted by the confluence toll itself that, bitcoin shall raise a level higher next time and shall hit $10,396. Converging here is SMA 10 daily, Pivot point 1-day R1, previous high 1 day and the Bollinger band 4 hours upper. Further up, $10,715 hurdle will be hindering the growth towards $11,000.

Final words on the bitcoin price prediction

Though no platform has been able to beat bitcoin yet and happens to be at the top till date it is said that on the downside, it would be lacking many support systems as there would not be many resistance zone present. The initial weak support is highlighted by 61.8% fib level. The next support target is $10,141 whereas the strongest support area is $9,913 and $9,796.

Hence, it is said that it is important for bulls to keep the price high of bitcoin otherwise bitcoin would be pushed to the point of collapse in no time.

China’s central bank is planning to launch a state-backed cryptocurrency in November. This new cryptocurrency will be issued to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher.

Paul Schulte, who worked as the global head of financial strategy for China Construction Bank until 2012, named the Industrial and Commercial Bank of China, the Bank of China, the Agricultural Bank of China, Alibaba, Tencent, Union Pay and an association of Chinese banks, as the institutions that will receive the cryptocurrency initially.

An eighth institution could also be among the first tier of recipients adds a separate source, who is involved in the development of the cryptocurrency, dubbed DC/EP (Digital Currency/Electronic Payments).  The source refused to reveal the name of the additional company.

The source, who previously worked for the Chinese government, preferred to stay anonymous, but confirmed that the technology behind the cryptocurrency has been ready since last year. The source added that the cryptocurrency could launch as soon as November 11, on China’s busiest shopping day, known as Singles Day.

According to the source, at the time of the launch, the recipient institutions will be responsible for dispersing the cryptocurrency to 1.3 billion Chinese citizens and others doing business in China’s fiat currency, the renminbi. The source also informed that the central bank hopes the currency will eventually be made available to spenders in the United States and elsewhere. This will be accomplished through relationships with correspondent banks in the West. That is the long term plan for the currency.

The plan to use a diverse set of China’s trusted intuitions to disperse the cryptocurrency has a striking resemblance to several other ideas currently going around the world. For example, Facebook’s planned Libra cryptocurrency will supposedly be backed by a basket of currencies issued by central banks and support from companies like Uber and Mastercard in the United States, Mercado Pago in Argentina and Vodaphone in England. And last week, Bank of England governor Mark Carney floated the idea of replacing the U.S. dollar as the global reserve currency with a new currency backed by a number of central banks.

According to Schulte, what sets China’s DC/EP apart from Carney’s “synthetic hegemonic currency” (SHC) and Facebook’s Libra, is that while SHC doesn’t appear to have gone much further than Carney’s mind and Libra is still just early-stage computer code, the Chinese cryptocurrency is ready to launch. Schulte, who now runs an eponymous bank research firm says “China is barreling forward on reforms and rolling out the cryptocurrency,” and adds that “It will be the first central bank to do so.”

The crypto Dogecoin still seems to be in a really debilitating scenario as it doesn’t seem to find its way up.

After major ups and downs this year, the coin has already been in tremendous loss which not has been able to recover yet. Well, the disappointing journey doesn’t seem to end anytime soon as the coin doesn’t reflect any progress yet.

The fact that there is no clear sign of escalation in the coin although the month is about to end, has been the deepest concern of the majority of the investors.

DOGECOIN’S BEARISH JOURNEY

Well, as there are still a few days left in the month, the coin might recover. However, majority of the analysts believe that there is a high probability of the coin closing the month at a loss.

Speaking about the recent ups and downs in the price of the coin, yesterday the coin witnessed a tremendous drop of 6.49%. This drastically shifted the price from $0.002695 to $0.002522.

The bearish trend of the coin didn’t stop here as it once again took a massive drop of around 5.03%, i.e., pushed the price from $0.002642 to $0.002508.

Well, speaking of today, the coin was able to depict some improvement of 5.52% as it shifted from $0.0025 to $0.0026.

DOGECOIN PRICE ANALYSIS

Since the coin has faced some serious bearish trend, let’s have a look at where it stands now.

The current trading price of the coin is around $0.002643. Dogecoin’s ROI at present is 364.16% to be precise.

The market cap of the coin can be found somewhere around $313,743,824 whereas the 24-hour volume is $21,266,246.

Speaking about the circulation of the coin in the market at present, it was found to be 120,967,791,698 DOGE and the total supply is around 120,967,791,698 DOGE.

The Crypto market has evolved a lot since its inception. The number of coins in the market, the numbers of traders and dealers have all increased manifold.

The number of cryptocurrency exchange platforms have also increased. Crypto market is putting in a lot of effort to increase its usage, acceptance and trade.

The steps the market has taken in this direction include partnerships with big companies in the market and evolving new technologies.

The digital currency exchanges are thinking about their customers in every aspect and they want to provide every facility to their customers under one roof.

Below are some of the leading Crypto exchange platform that are providing all-round benefits and services to its consumers:

Bitfoliex

Bitfoliex, this platform has all in one place giving customers access to all their digital assets in one place. The platform is very effective when it comes to security and safety.

Bybit

Another such platform is Bybit. This platform is quite informative for new crypto traders as they provide with every knowledge through their tutorial videos and answer Frequently asked question (FAQs) on their platform. The platform also has a very user-friendly 24 hours customer service. Bybit also claims to have the cheapest service when it comes to allowing customers to have conversions in their digital currencies.

Huobi

Huobi DM (HBDM) is another such digital currency exchange platform that id doing very well in the crypto market. Huobi DM (HBDM) has introduced a facility that provides a real-time settlement for Bitcoin (BTC) contracts. This new facility even though a small move is giving the platforms customers a lot of benefits as they can now deal with the volatility in the crypto market and move to any other profitable options easily.

The market is becoming increasingly competitive. There are such good digital currency exchange platform and the new ones that are about to come seem even more attractive.

Digitex

A Zero-fee trading platform Digitex is in the way of launch. The platform is already being tested by ten thousand users. The platform will be open to the public after the testing is done. The platform has already earned much acclaim in the market as it will also Bitcoin (BTC) – United States Dollar (USD) contract without any fees. The dream to achieve seems to be unrealistic but the CEO of Digitex, Adam Todd, is quite affirmative that they can achieve this goal. Here is what he said: “Zero-fee futures trading has been a dream of mine for years and it’s finally going to become a reality. As the world’s first and only zero-fee futures exchange, traders from all over the world will soon be paying no transaction costs on any of their trades, creating massive liquidity.”

Coinflex

Finally, we will talk about Coinflex. This digital currency exchange platform has very big objectives. They aim to play big in the market. They will provide Bitcoin (BTC) investors and traders huge rebate in Bitcoin (BTC) – United States Dollar (USD) liquidity. The platform has huge funding and it aims to be an Asian digital currency exchange platform hub, the largest in the continent. They also aim to attract large industries and companies.

This is a comprehensive list of all the latest trading platforms if you think we are missing out any trading platform, you can comment and let us know why do you think your suggested exchanges could make upto our list.