BCH,TRX price analysis，May 22

On Tuesday, bitcoin cash fell to $1,190 because it failed to break through the $1,300 resistance. BCH loses more than 11% per week and loses more than 50% since the beginning of the year.
BCH/USD
Bitcoin cash is the fourth largest coin with a market capitalization of over US$20.6 billion and an average daily trading volume of US$622 million. The trading volume has dropped sharply since May 14th, which may be attributed to the BCH hard fork that occurred on May 15.
Cryptocurrency investor Brian Kelly confirmed his optimism about bitcoin cash and spoke on CNBC's quick money Monday. Bitcoin cash miners met on Saturday to discuss ways to further fund BCH development. It has been proposed to allocate some of the rewards they receive from mining to a special fund and invest in strengthening the bitcoin cash ecosystem.
Bitcoin cash prices fell back to the bearish zone below $1220 against the dollar. BCH/USD is losing momentum and may continue to drop to $1,150.


TRX/USD
TRX shows strong momentum, while other altcoins are working hard upwards.  It trades above the two moving averages, which is a bullish sign. It is the ninth largest cryptocurrency.
Since mid-January of this year, it has been in the bottom pattern. After breaking through and breaking above the resistance at 0.09229053 USD, prices fell in mid-January and early May. The lowest price target to break above is 0.16 USD.
If the TRX/USD pair fails to break above and stay above the high resistance, it will correct to the 20-day moving average. We recommend waiting for a breakthrough or retracement.By the way, Tron's super-node campaign is currently underway.

评论

发表评论

此博客中的热门博文

Can XinFin Network contribute to international trade?

As we all know, global trade relies too much on manual processes and is therefore inefficient. Blockchain technology has brought a new solution to the problem of global trade. Not only is the immutability of recorded data less trade friction, but its global peer-to-peer network also promotes data sharing. Bringing greater security and efficiency to global trade. But given the current complexity, implementing this technology for trade compliance requires significant changes to the status quo. However, there is still a long way to go to truly implement this technology in international trade. According to statistics, the total value of goods transported each year is as high as 4 trillion US dollars, of which 80% of daily necessities are transported by sea. If the international supply chain is optimized, global trade will increase by nearly 15%, thereby promoting economic growth and increasing employment opportunities. The XDCE  protocol is an initiative of XinFin.org to build a h...
阅读全文

Good news for dash coin price today-Close to paypal trading level

New research from the Arizona State University (ASU) Blockchain Research Laboratory shows that the Dash network can easily scale to more than half of PayPal's current transaction level in the chain. The study concluded that Dash can easily be extended to 10mb blocks with a 0.1% orphan rate. ASU's paper on Dash block propagation shows the long-term viability of a chain extension approach to growing payment networks. Based on this research and preliminary investigation of future research, Dr. Tapp is optimistic that Dash can effectively expand beyond the research's 10 mb block size. This is good news for dash, but dash coin price today  has not risen. DASH can handle transactions faster than Bitcoin or almost any other cryptocurrency. DASH transactions can be confirmed in one second or less, making DASH encryption an ideal choice for industries with cannabis payment needs, such as the marijuana industry. A large number of merchants have accepted DASH as a payment. In fact,...
阅读全文

Refereum： Earn income while playing games

In theory, blockchain is not a very innovative technology. It is more inclined to a new application mode that combines distributed data storage, peer to peer transmission, consensus mechanism, encryption algorithm and other computer technologies. So I think technology will never be its focus, the application model is! From the existing solutions or applications, the combination of game and blockchain technology is mainly at two points: asset circulation and platform. Asset circulation The virtual assets such as tokens in the game are distributed as digital assets based on the blockchain. The advantage is that the circulation is more convenient and the cost is lower. Platform This is the decentralized e-sports platform on Ethereum – based on the decentralization of blockchain technology to solve the trust problem of the central platform, and use smart contracts to solve the problem of bounty payment. A bit like the nature of gambling, compared with the current gaming platform...
阅读全文