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The Predictable Coins That Never Plummets

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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.

Cryptocurrency

Tron (TRX) Finds its Way Back to the Top Ten List

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Tron CEO Justin Sun, known for his flair for publicity and announcement of any achievement on his network announced in a tweet that Tron has made its way back to the list of top ten performing cryptos. TRX’s performance has been outstanding since the second quarter of 2019 both in its level of development and features.

According to the Coinmarketcap.com index at the time of writing, the trend curve shows Tron is moving higher than most other coins including Bitcoin (BTC) and Ethereum (ETH). It currently trades at $0.039 increasing at 6.18% in 24 hours at a market cap of $2.6 billion.

A few days ago, Tron (TRX) had a new surge in price which saw it to the $0.04 trading price. This new rate has been retained seeing the digital asset performing higher than most other cryptos.

Looking at the recent happenings that have created a boost in Tron (TRX) performance; it can be easily seen that though the network has recorded few partnerships with other companies, more of what pushes up its performance is the volume of activities on the platform.

A report from Dapp.com states that Tron is the most ambitious project in the Dapp field. In the second quarter of the year, it has been able to launch $2 million projects more than other blockchain protocols in upgrading its Dapp ecosystem.

A review of TRX performance reveals that in a space of four months, the transaction volume increased from less than 130,000 transactions to  2 million transactions.

Investors may still not be so willing to stake much on this digital asset even with every sign of high returns, because the trend in activity can change any time.

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Cryptocurrency

World’s Largest Interdealer Broker to Offer Crypto Derivatives

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Why Bitcoin Is Better Than Other Cryptocurrencies

TP ICAP has entered the crypto market where it is to offer crypto derivatives, hoping to boost its dwindling core business which is in commodity, financial and energy markets. Last year, TP ICAP lost 36% of its market value in the wake of the financial crisis.

It has since salvaged about 10%. TP ICAP is set to be the intermediary between customers wanting to buy and sell Bitcoin futures, Bloomberg reports.

The firm’s new venture will be based in London and will be led by Simon Foster and Duncan Trenholme. This move is however not sudden as it might seem. Roughly a year ago, TP launched a working group tasked with examining the firm’s best approach to cryptocurrency.

Notably, a year later, they announce their approach to crypto to be trading of Bitcoin futures and they envision adding non-deliverable forwards (NDFs) tied to Bitcoin.

This is a sweet spot for the firm as it joins other big players such as Fidelity Investments, JP Morgan, and Intercontinental Exchange to engage in crypto derivatives trade. These firms’ decision to engage in Bitcoin, derivatives trade is unlike their clients’ who prefer to not trade in cryptocurrencies that are still recovering from the infamous yearlong slump.

Bakkt, a much-anticipated crypto trading platform known for its multiple delayed times is set to launch its own physically settled Bitcoin futures trading testing on July 22. Additionally, Nasdaq is set to launch its own crypto futures platform during the course of this year.

“Every institution is on an educational journey,” said Trenholme, who is co-leading TP ICAP’s new venture. “Many are exploring how tokens can legitimately be traded or stored and I’d expect more projects to hit the market over the next year or two.”

TP ICAP is also exploring other digital asset offerings. The firm is thinking about participating in the actual cryptocurrency market. “We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market,” said Simon Foster.

“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”

This venture will entail cash-settled futures contracts trading on a regulated market which will be managed by CME Group to avoid potential risks of fraud and market manipulation. Their clients will also have to undergo rigorous anti-money laundering and identity checks.

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