The
cryptomarket is going through some good times, recovering from the sharp fall
it had during 2018. The recovery of the global marketcap, and the high number
of developments around cryptos and technologies has led many
analysts to claim that we are close to witnessing not only a stabilization of
the markets but also a bullish trend in the short term.
Of all the crypto currencies on the ecosystem, has always been the reference , not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments.
BTC is Having a Great Week
has
experienced a significant price increase. After a period of constant “Bart
Simpsons”, it finally seems that the most important in the world
broke the 5k resistance. This marks an a crucial milestone as it is a a value
that could not be reached for months.
However, during the last few hours was. The easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that has been bullish for the entire past week, winning between 500 to 600 Dollars per .
Cardano (ADA) Also Shows Some Positive Signs
Another that has been specially bullish is (ADA) The project that promises to solve the “ trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per .
One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of in that region.
According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city.
Right now, (ADA) experienced a correction that placed the back to the support at 0.074 USD. The then went up again to 0.075 with signs of another possible bullish trend in the short term
Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that are extremely volatile.
Published at Tue, 23 Apr 2019 21:33:34 +0000
