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The Predictable Coins That Never Plummets



The Predictable Coins That Never Plummets

For some time now, the rise and fall of most cryptocurrency have been an issue on the crypto market. Patterns of cryptocurrency vary with respect to time which makes trading more interesting.

There are several crypto coins but just a few of them are predictable. Those that are unpredictable makes trading more difficult due to its value and characteristics in the crypto market. Crypto coins that are popular are likely predictable compared to those that are not. These are some of the predictable coins based on their value and characteristics in the crypto market.

Predictable coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS, Bitcoin cash (BTC), etc. turn to resist the loose of pattern in cryptocurrency market capitalization (Price Graph).

The first and well-known cryptocurrency (Bitcoin) has been on top of the hill for a long time. The rise and fall of its trend are quite straight forward and it is the first coin invented makes which makes it gain more popularity. Bitcoin is likely to be at its peak when there is less attention to it.

Whenever the money supply increases, the cryptocurrency value decreases. Therefore, paving a way for bitcoin to resist a high range fall in monetary value.

The next in line is Ethereum (ETH), well I call it the little brother of Bitcoin. Ethereum is one of the predictable coins with special features. Aside from being a cryptocurrency and a wallet, it is also a programming language running on its own blockchain. Where companies are using to build programs.

Due to its robustness and market value, Ethereum is the second largest market capitalization with similar price graph like bitcoin which makes it less resistance to sudden change in crypto trading. The unstableness in relation to market cap, the trend of Ethereum always moves along the previous and the new line irrespective of the change in market price. Which makes it unique and easy to predict.

The trend of Litecoin (LTC) is always quite predictable with a regular continuous uptrend and a clear downward trend which always moves it away from its resistance zone. It has a bullish potential to move with a certain range before it consolidates. Litecoin has an impressive double-bottom nowadays with an acute trend indicating a low or high move which can sometimes be frightful for Litecoin traders.

Ripple (XRP) is one of the predictable coins due to its potentials and clear trading style. Ripple always show signs of a historical trend. That is, it moves in a particular pattern which makes it easy for the crypto enthusiast to trade. Daily ripple chat shows that ripple has been exhibiting patterns which resemble its previous pattern.

It is clearly seen that the coins mention above have both trading range and clear trend at the same time which makes them special and its predictability always moving forward.


Cardano’s Charles Hoskinson wants to work with Elon Musk to develop a decentralized social media platform



Cardano's Charles Hoskinson wants to work with Elon Musk to develop a Decentralized social media platform

The Founder of Cardano (ADA) has invited Tesla owner and billionaire, Elon Musk, to work with him in developing the first decentralized social media platform. Charles Hoskinson, who also doubles up as the CEO of Input-Output Global is offering to help Elon Musk achieve his goal of free speech on social media.

The news follows Elon Musk’s acquisition of a stake in Twitter last week. The Billionaire bought 9.2% of Twitter, estimated at $2.89 Billion, and was even offered a seat on the micro-blogging site’s board. However, after deliberations, Elon passed on the offer since it would bar him from owning beyond a certain threshold of Twitter’s shares.

Free speech advocate

Elon Musk is on record for being a passionate supporter of free speech and open internet policies. He has in the past openly accused Twitter of muzzling free speech and open internet use. He recently held a poll that indicated that most users would prefer an edit button on Twitter and said that if he is not allowed to acquire the platform, he would have to reconsider his position as a major shareholder of Twitter.

To actualize this cause, he has offered to acquire the platform for a reported fee of $43 Billion in cash. This intended acquisition has left his critics and supporters talking and would go a long way in helping him bring much-needed changes to Twitter. His intention has however come under fire with his critics, including Dogecoin co-founder, Jackson Palmer saying that Elon Musk is planning a hostile takeover of Twitter. 

Hoskinson’s offer to Elon Musk

Upon seeing the opposition against Elon Musk’s plan, Hoskinson wooed Elon to join him in creating a decentralized social media platform. He tweeted:

“@Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one.”

This offer follows Elon Musk’s Twitter poll where he sought the opinion of his 80 million followers about a decentralized social media platform. He posited that were he to be barred from acquiring Twitter, he would establish his decentralized platform that would be founded on free speech and open internet.

Elon Musk’s campaign for free speech and open internet has not been welcomed by all. Some of his critics have argued that coating his move with good intentions, his true intention is to get revenge against the SEC for muzzling his Twitter activities.

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Thailand Outlaws The Use Of Crypto For Payments



Thailand Outlaws The Use Of Crypto For Payments
  • The SEC in Thailand has banned crypto payments in the country.
  • Its new decision is expected to become enforceable in April.
  • The SEC reiterated that the government still maintained support for the blockchain industry, clarifying that the decision does not affect crypto investments.

The Securities Exchange Commission today has placed restrictions on crypto as a means of payment. They believe that it poses risks to the nation’s financial stability.

Crypto Payments Outlawed

Thailand’s SEC today has outlawed the use of crypto as a medium of exchange in the country. The regulators came up with this decision after discussing the benefits and inherent risks from crypto and blockchain technology with the country’s central bank, the Bank of Thailand (BOT).

They concluded that the use of cryptocurrencies for payment was potentially harmful to the country’s financial stability and economy. Price volatility, risks of theft, and potential use cases in money laundering were amongst the reasons cited by the SEC that led them to this decision.

The SEC report read, “the use of digital assets as a medium for payment of goods and services Because it may affect the stability of the financial system and the overall economy. including risks to people and businesses such as the risk of loss of value caused by price volatility Risk of Cyber ​​Theft Risk of personal data leakage or being used as a tool of money laundering.”

As per the SEC’s new decision, crypto service providers and vendors or merchants in the country are encouraged to stop providing or facilitating such services. Suppose a crypto service provider discovers that a customer has used its services to make payments. In that case, the service providers are to inform the SEC and restrict activities on the said account.

The SEC’s new ruling is to take effect from the 1st of April. However, businesses that already offer such services would be given till the end of April to cease such operations. The crypto market in Thailand has grown massively over the last couple of years. As per a Bloomberg report, government data estimates that Thai citizens hold about $3.4 billion in crypto assets.

Crypto Investments Not Affected As The Thai Government Still Supports Blockchain Technology Innovation

The SEC in their release, clarified that the restriction was only on using cryptocurrency as a means of payment and in no way affected citizens investing in crypto. It was stated that “digital asset traders/investors can carry out normal investment/trading related transactions.”

The SEC also maintained that the government still supported blockchain technology and was working to provide a regulatory environment where innovation can be encouraged in the industry. Recall that earlier this month, the country had offered tax incentives to investors and businesses in the crypto industry.

“… the BOT and the SEC, as well as other government agencies, see the benefits of various technologies behind digital assets such as  blockchain and emphasize and support the use of technology to further innovation.”

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