Ethereum Classic Price Analysis – On-chain activity drops despite recent protocol upgrade
Ethereum Classic (ETC) is a distributed ledger and decentralized computing platform with smart contract capabilities, created in 2016 by forking the original Ethereum (ETH) project. The crypto asset is currently 21st on the Brave New Coin market cap table, with a market cap of US$765 million and US$110 million in trade volume over the past 24 hours. The ETC/USD spot price is down 86% from the all-time high set in mid-January 2018.
Tezos Price Analysis – Technicals turn neutral despite continued and sustained on-chain activity
Tezos (XTZ) is a decentralized smart contract and application network, with an on-chain governance layer designed to enable efficient network upgrades and provide a transparent stakeholder community. The asset is currently 11th on the BraveNewCoin market cap table, with a market cap of US$1.6 billion, and US$36 million in trade volume over the past 24 hours.
Basic Attention Token Price Analysis – Technicals for the BAT/USD market are bullish
BAT/USD satisfies the bullish litmus test with a spot price above both the 200-day EMA and the daily Cloud.
Bitcoin Price Analysis – Active addresses mark two-year high
Monthly active addresses (MAAs) have increased to 905,000 over the past month, marking a two-year high. MAAs grew to 850,000 in July 2019, from a 2019 yearly low of 550,000. MAAs hit an all-time high of 1.096 million in December 2017.
Decred Price Analysis – Technicals flip neutral as active address hold at all-time highs
Decred (DCR) launched in 2016 and was originally a fork of the Bitcoin codebase. The cryptocurrency is down 87% from the record high of US$118, established in early May 2018. The market cap currently stands at US$167 million with US$1.65 million traded over the past 24 hours.
Ethereum Price Analysis – On-chain activity hits a two-year high
Ethereum (ETH) is a distributed ledger and decentralized computing platform with smart contract capabilities. The crypto asset is currently second on the BraveNewCoin market cap table, with a market cap of US$25.67 billion and US$574 million in trade volume over the past 24 hours.
Stellar to vote on protocol upgrade
The Stellar project released the 13th version of its core protocol on June 13th. Network validators will vote on whether to upgrade the network on June 18th.
DASH Price Analysis – Technicals suggest a bearish trend
Technicals for both the DASH/USD and DASH/BTC pairs suggest a bearish trend after muted bullish momentum, relative to other large-cap coins. Over the next few weeks, DASH/USD should attempt a move higher, and potentially regain bullish momentum.
Zcash Price Analysis – Transactions per day continues to rise
The total number of transactions per day on the network has continued to rise since January, and recently breached the 10-month high. Transactions per day are, on average, down from levels seen in mid-2019 but above levels seen in late 2018.
EOS Price Analysis – Bullish momentum slows
Technicals for both the EOS/USD and EOS/BTC pairs show neutral to bearish trend metrics. For the EOS/USD pair, a swift drop on March 12th ushered in the beginning of a definitive bearish trend but the spot price has continued to recover.
Augur Price Analysis – V2 release scheduled for June 12th
Version 2 of the platform is slated for a June release, with Dai (DAI) denominated markets being the biggest addition to the platform. V2 will also include new trading and betting UIs, easier log in options, the ability to bet on whether or not a market will be invalid, and faster disputing periods.
ChainLink Price Analysis – A new LINK/USD record high nears
Technicals for the LINK/USD have returned to bullish territory since the March drop, with price holding well above both the 100-day EMA and the twelve-hour Cloud.
Grin Price Analysis – GRIN/BTC spot price sits at an all-time low
As the spot price sits at an all-time low, a bullish divergence is present, suggesting waning bearish momentum.
Ripple Price Analysis – Jed McCaleb selling pressure continues
McCaleb received a reported 5.3 billion XRP at the time of leaving Ripple, which he can sell restricted amounts of, based on a 2016 settlement that set yearly limits. On September 7th, 2019, he received a further 100 million XRP.
Stellar Price Analysis – Token supply cut in half
In a likely bid to increase the adoption of Stellar as a store of value, the Stellar Development Foundation axed 55% of the total token supply, as well as successfully campaigning for the removal of inflation on the network.
Tezos Price Analysis – Fundamentals lean strongly bullish as technicals cool
Fundamentals reflect a nascent chain with rising daily transactions and increasing active addresses over the past year. Three protocol upgrades thus far - Athens, Babylon, and Carthage - have all been implemented flawlessly.
