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Technical Analysis of NEO

NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. The cryptocurrency market has advanced around 2-3% in the last 24 hours and the price of NEO is also supported by this situation. The price of Bitcoin is still below $8 000 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in "downtrend". As long NEO is below $40 this cryptocurrency is in the "SELL" zone. Short term support and resistance levels are $10 and $16- If the NEO jumps above $16 that would be a "BUY" signal and the open way to $20 or even $25. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $10 that will be a strong "SELL" signal and the next target could be around $8.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in NEO.  As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30. Read the full article

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Technical Analysis of Stellar

Stellar is a secure platform designed to provide access to an affordable and open financial system making it easier for users to achieve financial independence. According to some analysts, this platform can be the future of banking because it strives to provide a practical solution to key global issues. Stellar has own cryptocurrency known as Lumens ($XLM) and lots of financial institutions and technical specialists are already supporting the Stellar network. Stellar partners include the likes of IBM, Deloitte, Stripe, NEC Payments, Gramio Technologies, Distributed Lab among others (on the official website, you can find all Stellar partners). This is a highly speculative cryptocurrency and still very risky but lots of analysts agree that XLM is currently at a point where it has the potential to make very big gains. When we look at the 1-year chart we can see that Stellar is moving in "downtrend" and as long as Stellar (XLM) is below $0.30 this cryptocurrency is in the "SELL" zone. Short term support and resistance levels are $0.08 and $0.15 - If the Stellar jumps above $0.20 that would be a "BUY" signal and the open way to $0.30. If the XLM jumps above  $0.30 that could be a strong signal of the trend reversal and the open way to $0.40. On the other side, if the XLM falls below $0.08 that will be a strong signal "SELL" signal and the next target could be around $0.06.

Advice: This is a highly speculative cryptocurrency and still very risky but XLM has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. Yes, it is true that the price could fall even more but the current price of XLM stands around $0.097 and this is very close to strong support which stands at $0.080. As for the technical picture, XLM remains in bearish phase but if the price advances above $0.30, short-term traders can enter the position with the stop loss at $0.28 and take profit at $0.40 or even $0.50. Read the full article

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Technical Analysis of IOTA

IOTA is a cryptocurrency designed for the Internet of Things (IoT). There is no concept of block or blockchain and thus no concept of mining. This also means there are no transaction fees. It uses a different data structure, tangle, which is based on a directed acyclic graph. My opinion is that IOTA could be a very good investment opportunity and putting a reasonable amount of money into IOTA could potentially turn out to be an excellent investment. This cryptocurrency has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. IOTA has already teamed up with the likes of Accenture and Deutsche Telekom, with ambitions for additional big partners in the future. When we look at the 1-year chart we can see that IOTA is moving in "downtrend" and as long IOTA is below $1 this cryptocurrency is in the "SELL" zone. Short term support and resistance levels are $0.2 and $0.4 - If the IOTA jumps above $0.5 that would be a "BUY" signal and the open way to $0.6. If the IOTA jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the IOTA falls below $0.2 that will be a strong signal "SELL" signal and the next target could be around $0.15.

Advice: IOTA can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $4 in the next several years. As for the technical picture, the IOTA remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5. Read the full article

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Best Crypto Games to Earn Coins

  There are a lot of ways that you can earn crypto coins without the need to deposit any equivalent crypto token or the fiat equivalent. From the use of faucet sites, to taking of polls, even freelance works. The problem with this form of earning however is that you will earn crypto coins in fractions which is always small, compared to the time invested in them. Plus it is outright boring; trust me, I have been there. Any ways, how about earning coins and having fun doing it? There are quite a lot of ways you could do this and one of them is through the playing of games. These games allow you to earn coins or digital tokens which can be exchanged for any coin that is approved by the developers. And these games aren’t just any games, they are games that you can actually get lost in, eliminating the feeling of time wastage and of course; boredom. There are many of these games, but I can only give few. So without wasting much time, below are the best games to earn cryptocurrency coins. Trading Games

Altcoin Fantasy

The Altcoin Fantasy In this game, there is a leaderb that promises to teach you how to trade crypto within a risk-free environment. Test your trading skills on a competitive leaderboard environment without sacrificing any of your own hard earned money. Altcoin Fantasy opens their doors to the public in January 2018. You can trade on their website or mobile app which is compatible with both Android and iOS devices. They’re currently available to US and Canadian residents and are looking to expand to Japan, South Korea, and Hong Kong very soo

2. SparkProfit

SparkProfit is a virtual cryptocurrency trading game that you can play anytime and anywhere. With this game, you get to learn skills on trading with cryptocurrency without risks. The game has a simulation in which a player can make predictions on real life financial market exchanges, and it is not just cryptocurrency, Forex is included. The more accurate your predictions are, the more points you earn. These points are eventually converted to any crypto coin of your choice

3. Huntercoin

If you’re a consistent gamer, then you will know massively multiplayer online role-playing games (MMORPG). They are games that enable the participation of a lot of players. With cryptocurrency, a new phase of these games known as massively multiplayer online crypto-coin game (MMOCG) has been on the rise. Huntercoin is one of the first generational games of this phase. For a player in this game, you are faced with two objectives; Hunt for coins and take them to the bank Kill other hunters while doing this Players are rewarded for every action that they take with crypto coins. Of a player is killed, their collected coins are released back into the map, making them available for others to fight for. The tokens collected in the game are Huntercoins which of course, is not worth much in the market capitalization index But you can trade Huntercoin for Bitcoin on Poloniex

4. Steem Monsters

Steem Monsters is a game that is hosted on the Steem blockchain platform. It is a card game all the data as regards the gae are stored on the platform on which it is hosted. The gameplay revolves round battles. Winners are eventually paid in Steem, rare cards and Steem dollars. There is also a market place in the game where you can buy, sell and trade your earned cards with fellow players. The market is run on Steem. One Steem is worth over $0.43 USD and it is among the top promising altcoins in the crypto market

5. Worldopo

When we talk about the games that are at the cutting edge of the technological revolution, then Worldopo is at the top of the list. Worldopo is a game that combines augmented reality and virtual reality into a real world-building simulation. It uses data from Google Maps which allows players to buy real streets in cities around the world. The gameplay involves players attacking buildings and corporating with other players to build the economy. You can earn Ether, Bitcoin and WPT, its own token. As stated earlier, these aren’t the whole games that are out there. But if you start with any of these ones, your chances of earning more crypto coin is higher. Read the full article

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Technical Analysis of Ethereum

Ethereum can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $1000 by the end of 2019. The founder of Ethereum Vitalik Buterin spoke recently that the demand for using public blockchains is high and we need to up the stability in order to meet that demand. It is important to say that this cryptocurrency has the largest developer community and that Ethereum's proof of concept is popular among institutional investors. In my opinion, there's a very good reason to pay attention to it rather than Bitcoin: a lot of popular projects are launched using the Ethereum blockchain and this platform has big businesses' attraction to its blockchain. When we look at the 1-year chart we can see that Ethereum is moving in "downtrend". As long Ethereum is below $400 this cryptocurrency is in the "SELL" zone. Short term support and resistance levels are $100 and $200 - If the Ethereum jumps above $200 that would be a "BUY" signal and the open way to $250. If the Ethereum jumps above  $400 that could be a strong signal of the trend reversal and the open way to $500. On the other side, if the ETH falls below $100 that will be a signal "SELL" signal and the next target could be around $80.

Advice: Ethereum is an open source development platform that allows developers to build and deploy decentralized apps (dapps). My opinion is that Ethereum could be a very good investment opportunity at the current price levels and putting a reasonable amount of money into this cryptocurrency could potentially turn out to be an excellent investment. As for the technical picture, the ETH remains in bearish phase but if the price advances above $200, short-term traders can enter the position with the stop loss at $190 and take profit at $250 or even $300.   Read the full article

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Cryptocurrency to the Rescue in Venezuela

Venezuela is currently going through humanitarian crisis; this has resulted to the exodus of a lot of its citizens. According to reports, over a million people have taken flight from the country in the last one year, and there seems to be no hope that this will slow down, as the crisis that are rocking the country does not in any way look like it is ending soon.  As a result of this crisis, the citizens have been forced to live with hyperinflation for over four years now. Hyperinflation in simple terms is a phenomenon in which the general population of a country chooses to invest its wealth in stable foreign currencies, or in non-monetary assets. Its national currency which is called bolivar unbelievably hit a 57.3% inflation rate in early 2014. And by the end of that same year, the inflation had gone up to 100%. This meant that the bolivar (VEF) was losing its value at a rapid rate, and with the neglect by the government, it hit 46,000% in early 2018. In a bid to find a long term solution to this problem, the international bodies set plans in motion to influence policies that would alleviate the sufferings that Venezuelans were going through, while at the same time keep a standing pressure on the leaders of Venezuela. It was on this note that cryptocurrencies like Bitcoin and Dash came to being in the country, providing a lifeline for Venezuelans in search of investments and medium of exchanges in which they could trust.

Cryptocurrency Market in Venezuela

The cryptocurrency market in Venezuela has continued to be on the rise since its inception. Despite the fact that the Maduro regime, in its bid to back up its political hold of the country has been making efforts to control the economy and curb international aid, cryptocurrency has continued to thrive. The technology is providing a kind of external aid through P2P cash mechanisms. Citizens are sending remittances on the blockchain platform, eliminating a third party institution and thereby reducing cost. Also, there has also been donation to NGOs within the country from foreigners through the blockchain platform in order to buy and distribute food within the country. The most traded cryptocurrencies in the country are Bitcoin and Dash, with the Venezuelan government launching its own crypto project known as PetroDollar recently.

Bitcoin and Dash

In the year 2016, the number of Bitcoin traded via LocalBitcoins in Venezuela was 8624. This was a a 318.8% increase over the previous year, a year that Venezuela’s inflation rate hit an all-time high of 700%. The following year, it rose to 21,560, a whopping 150% over the 2016 increase. This is just one of the many indicators of the growth of Bitcoin in the country even as the inflation rate continued to rise higher. This growth portrayed in details does not in any way suggest the government didn’t try to crackdown on the cryptocurrency. Apart from that, it is not the only cryptocurrency that the Venezuelans know, hence when the king of cryptocurrency took a nosedive in 2017, Venezuelans fond solitude in Dash. The cryptocurrency company (Dash) in its report in 2018 made it known that Venezuela was its  scond biggest market. So big that it is more popular than even Bitcoin in the country. Its superiority over Bitcoin in terms of confirmation times, transaction fees is what made it popular in Venezuela. Also, because of the relative price of Bitcoin to the bolivar, it is believed that Bitcoin is not good for micro-transactions. Hence, a lot of merchants in the country opt to trade with Dash. Dash has also made concerted efforts to drive its adoption by the people of Venezuela.

PetroDollar

  You will probably think that the government of Venezuela is not in support of cryptocurrency. But despite the crackdown it carried out of Bitcoin miners in the country, they had to consider the situation they were in and then decided that it was time to change the story of hyperinflation. In 2018, the government introduced the first state owned cryptocurrency; Petrodollar. The PetroDollar is an oil backed cryptocurrency that the government hopes to leverage in solving the issue of the devaluation of its cryptocurrency. It is going to be measured in terms of barrels and from the news on ground, a Petrodollar is an equivalent of a barrel of oil.   Read the full article

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Cryptocurrencies in the Healthcare Sector

  Cryptocurrency is a revolutionary innovation that is expected to change the financial sector in the nearest future. Apart from the financial sector, it has been linked with a lot of other fields that implicates and somehow involves the flow of money. One thing that the innovative technology brought to being is the trustless platform in which the generation processes and the transaction histories are very transparent, eliminating the need for a third party. And on a broader scale, the platform on which this technology runs –Blockchain- is perhaps a solution to a lot of data transfer problems that we are faced with today, particularly in the healthcare sector. It has been proven overtime that the involvement of a third party body in the health sector is a huge financial constraint that the healthcare sector has been made to shoulder. The elimination of these third parties will not just reduce these financial constraints; it will lead to a system in which data in their volumes can be handled without the need for privacy and security issues. It is on this basis that I say that blockchain; under the auspices of cryptocurrencies is a great way to improve the efficiency of the healthcare sector, and at the same time reducing the cost of healthcare. In the year 2017, IBM did a study which showed that a chunk of healthcare executives (16percent) had plans of implementing blockchain technologies by the end of 2017. 56percent of the remaining executives were also planning on implementing the same technology by 2020.carried out a study which showed that approximately 16% of healthcare executives were planning to implement blockchain solutions already by year end. Another 56% were planning to do it by 2020. It’s 2019 and the enthusiasm has is still very much in the air as we have seen cryptocurrency projects that are geared towards making the healthcare sector better, either through the management of data, provision of healthcare aids and even the shipping of drugs and vaccines.

The Promise of Cryptocurrency and Blockchain

Quite alright, the blockchain technology is mostly associated with cryptocurrency. But its use has gone beyond just cryptocurrencies as a number of industries have started to explore the prospects of this technology, with implementations already in place. The basis of this exploration is hinged on the fact that data in Blockchain are stored blocks that can’t be tampered with without due permission. The promise that this brings to the healthcare sector is clear. But below are few of the promises;

Traceable Patient Records

  If the records of patients are record and stored with constant updates in a system built on the blockchain platform, they become secured and unalterable. This means that a patient can simply grant access to any healthcare provider to access and modify these records, creating long health history of the patient in the process. The current system in which this is done is the transfer of medical data from one healthcare centre to another. And then there is the problem of breaches in database where most of these records can either be lost or altered  

 2. Insurance Fraud

  Insurance fraud is rampant in the healthcare sector. This happens mostly when patients and healthcare providers falsify information to support their claims to receive payable benefits. This results in the billing for services that were never performed and sometimes, there is the falsification of patients’ medical conditions to justify tests. All of these practices lead to the increase in cost of providing basic healthcare to people. Blockchain promises to solve this issue as it will bring about a drastic reduction of fraud as the information provided by patients is stored in a decentralized system. This means that anybody with the right permission can access medical records.

3. Pharmaceutical Theft and Fraud

  Pharmaceutical companies since time memorial have been faced with problems of fraud and theft. Most of these anomalies happens in the process of movement of drugs and vaccines from the manufacturer’s to the consumer’s end. The implementation of blockchain will ensure a full record of the movement of pharmaceutical products. Blocking the loopholes involved in the process. This is as demonstrated VeChain who is using blockchain technology to track vaccines and drugs that goes out of China. According to experts, implementing blockchain will not only reduce theft and fraud, it will reduce the issue of drug counterfeits. Read the full article

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The State of Cryptocurrency in Africa

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Becoming rich as a student through Cryptocurrency

Since its inception in 2009, the cryptocurrency market has created a lot of millionaires. Introducing the world to new set of technology that poses a threat to the traditional way in which we handle financial contracts. But digital currency in itself is not different from the traditional investment schemes like stocks and bonds. In fact, it has been proven to be a more unstable and volatile when compared its alternatives. Hence, the general opinion that it is a get rich quick scheme is not true. However, this does not in any way change the opportunities that exist for investors. Just like every other commodity, everybody with the right money can invest in it; including students. So, how do you leverage these opportunities as a student to become rich?

Buy/Trade a Cryptocurrency

  As a student, your first option to getting rich trough cryptocurrency is by buying or trading in cryptocurrency. You have to own it before first. I know that students are laced with academic expenses and all that, but nobody got rich in investing without making sacrifice. You can start by investing your pocket money, or the little change you get when you do part-time work. There are a whole lot of exchange platform in which you can buy cryptocurrencies even in their smallest fractions. One of them is Coinbase, an exchange platform with a top notch user interface. It is unarguable the best exchange for starters in crypto buying and trading. Now, when you buy cryptocurrency, you have to hold it till it appreciates. Or sell it when it is depreciating. But we all hope for appreciation, so you have to start by investing in cryptocurrencies with high prospects. However, you need to be careful as cryptocurrency is a volatile commodity. Heed to the number one advice in investment; do not invest more than you can afford. As a student, chances are you might not be able to invest much in cryptocurrencies in the top market index. You can start like the current Bitcoin and Ethereum millionaires started; by investing in initial coin offerings (ICOs). Crypto projects raises capital for their tokens through the use of ICOs. They sell these tokens at a very low price, most of which are at no cost. After this, it begins to appreciate or depreciate. If you pick the right project ICO, changes are you can make over 1000% profit of your investment in a matter of months.

Accept Payment in Cryptocurrency

  Do you have things to sell? Are you currently working for someone? Are you being pad to tutor other students? Accepting cryptocurrencies for payment is a sure way to be holders. However, you have to take note of the currency that you are accepting. It is advisable that if you must accept payment, it should be with the cryptocurrency projects that are on the top five of the market capitalization list. Imagine a student that was accepting payment in fractions of Bitcoin over his stay in school for whatever part-time job that he was doing in 2014. Chances that he would own about 20 Bitcoins by the end of his stay in school are high. And then when you consider the bullish rise in Bitcoin during the years that follows, you will know that 20Bitcoins is a whole lot. With a little research, you can find buyers and employers that are willing to pay and make transactions with cryptocurrencies. Your job however is to determine what the service you are offering will cost and its equivalent in the cryptocurrency that is being used for the transaction. You can also sign up for competitions that rewards with cryptocurrencies.

Blogging

  There are millions of people out there looking for the right information that regards cryptocurrency. Ethereum founder, Butterin was a blogger before he started his company. I am not suggesting that you become a blogger to build your own company; rather I am saying that blogging can make you rich with the right content. Owning a website and blogging requires little or no investment apart from your time and dedication.

Start a Crypto Project

  Yes! Ethereum is among many other cryptocurrencies that had their beginning stages rooted in when the eventual founders were students.  With the recent boom in ICOs and dApp platforms, launching your own cryptocurrency on an established blockchain like Ethereum has become easy. Now we have crypto coins in the healthcare sector, in agricultural sector, the educational sector and even the governmental bodies are not left out in it. Although we have to agree that being rich should not be your first concern when starting a cryptocurrency project. You could also start an exchange company you know? There we have it, my super list of how to get rich through cryptocurrency. As established earlier, cryptocurrency is not a get rich scheme. Do not invest what you can’t afford to lose. Read the full article

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Top Crypto Investments That Will Yield 1000% by 2025

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Technical Analysis of NEO

NEO can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $200 in the next several years. This cryptocurrency is previously known as Antshares and is often considered China’s response to Ethereum. NEO is a platform and China’s first-ever open-source blockchain in which users can issue and trade assets. NEO cryptocurrency represents ownership of the NEO platform and allows users to vote on protocol changes on the NEO blockchain. The team behind NEO is very good and its founder Da hongfei is a great expert and a good leader. Another positive thing for NEO is that the Chinese government has embraced the platform, while simultaneously distancing itself from other cryptocurrencies like Ethereum and Bitcoin. When we look at the 1-year chart we can see that NEO is moving in "downtrend". As long NEO is below $40 this cryptocurrency is in the "SELL" zone. Short term support and resistance levels are $5 and $10 - If the NEO jumps above $10 that would be a "BUY" signal and the open way to $15 or even $20. If the NEO jumps above  $40 that could be a strong signal of the trend reversal and the open way to $60. On the other side, if the NEO falls below $5 that will be a strong signal "SELL" signal and the next target could be around $3.

Advice: My opinion is that NEO could be a very good investment opportunity and putting a reasonable amount of money into NEO could potentially turn out to be an excellent investment. As for the technical picture, the NEO remains in bearish phase but if the price advances above $20, short-term traders can enter the position with the stop loss at $18 and take profit at $25 or even $30. Read the full article

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Why You Should Invest In Japanese Cryptocurrencies

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HOW IS BINANCE FAIRING TODAY?

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Top 5 Countries with the Highest Crypto Investors

The technology behind blockchain and cryptocurrency is built on a trustless platform. Hence it is a web transaction that cannot be traced, and we cannot know the exact amount of investment that individuals have. Most people believe the amount of crypto coins available today is a hoarse. They believe that cryptocurrency funds, exchange and mining firms play the role of whales in the industry, capitalizing on the trustless platform of the technology and using it to control small investors. While there are whales in some cryptocurrency projects, it is not true that exchanges and mining firms play the role of whales in the market. And what better way to know than to check their user base data. Most of these exchange and mining firms have data like country and IP address of their customers. And from these data, one can conclude that through the collective investment in cryptocurrency by residents of different countries, they have placed these countries on the map. Even though cryptocurrency still have a long way to go in terms of global acceptance, one cannot deny that these investors are have contributed to the level that we are in today. I have taken my time to write about the top 5 of these countries.

The United States

The United States is home to a lot of cryptocurrency exchanges, mining firms, trading platforms and blockchain oriented companies. It is also the number one country on the global scale of the installation of Bitcoin ATMs with over two thousand (2,000) Bitcoin ATMs installed as at December 2018. All these activities and endeavors could only mean one thing, the American population accepts cryptocurrency. Well, it depends on what we mean by population though, because only 8% of the American population is said to be holders of Bitcoin alone. This of course is a big deal, considering the population of Uncle Sam’s country.

China

If there is anything on cryptocurrency that China has been in the news for, it is the constant crackdown on cryptocurrency activities. But that is just the story of the Government of the people of China as the country is still one of the leading countries in terms of digital currency trading. It some of the world’s leading exchanges and the citizens in this country are known for their mining activities. It is generally believed that most Chinese miners tend to move their residential houses and offices closer to power plants because it is cheaper in terms of cost to mine cryptos. Also, recent trends reveals that Chinese government are working on various blockchain technologies, one cannot tell if the crackdown will continue, but the investors will definitely reduce if it does.

Romania

Romania is home to numerous programmers and developers who are mostly freelancers. It also plays host to many firms and businesses that are big players in the IT industry. It therefore won’t come as a surprise to anyone that it has a lot of investors. About 12% of the residents of Romania are said to be holders of at least one cryptocurrency, and guess which cryptocurrency is the most important… Bitcoin.

South Korea

South Korea is the second Asia country on this list. Unlike China, the government of South Korea is not hostile towards cryptocurrency. Most people say that the crackdown of China on cryptocurrency caused the drift of investors from the country to South Korea. South Korea is a country with eyes for the technological company, hence it plays host to lots of exchanges and cryptocurrency businesses. Most of the exchanges in South Korea are restricted to the country alone, this means that there are enough investors. As always, Bitcoin is number one on the list of the most held cryptocurrency in this coutry.

Japan

There is a large number of acceptances of cryptocurrency in Japan. It is one of the few countries that has recognize cryptocurrencies as an institutionalized means of payment. This has in some ways increased the number of investors in this country as there is little or no restrictions that stops them from engaging in cryptocurrency market transaction within and outside the country. The exchanges in Japan are known for the swiftness in which they process transactions. Read the full article

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CRYPTOCURRENCY TAXATION

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Technical Analysis of KyberNetwork

The cryptocurrency market has posted a minor recovery this trading week but the negative trend is still strong. The first two months of the 2019 year have been very negative for the cryptocurrency market so far and all major cryptocurrencies are still under the pressure. The price of KyberNetwork (KNC) is also pressured by this situation and for now, we can not see the "light" at the end of the tunnel. KyberNetwork is designed to provide the instant exchange of digital assets and cryptocurrencies with high liquidity. The KyberNetwork Crystal token (KNC) is used to pay fees on the KyberNetwork platform. The positive thing is that lots of partners are already supporting the KyberNetwork, KyberNetwork partners include the likes of interconnecting blockchain network ICON and Ethereum payment service Coinduck among others. According to some estimates, KNC has a bright future because a peer to peer system will become the only way to manage your cryptocurrency and cryptocurrency exchanges will go extinct. When we look at the 1-year chart we can see that KNC is moving in "downtrend". As long KNC is below $1 this cryptocurrency is in the "SELL" zone. Short term support and resistance levels are $0.10 and $0.20 - If the KNC jumps above $0.4 that would be a "BUY" signal and the open way to $0.6 or even $0.8. If the KNC jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the KNC falls below $0.10 that will be a strong signal "SELL" signal and the next target could be around $0.05.

Advice: In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that KyberNetwork (KNC) is currently at a point where it has the potential to make very big gains. As for the technical picture, the KNC remains in bearish phase but if the price advances above $0.40 next targets could be located around $0.60 and $0.80. On the other side, if the KNC falls below $0.10 that will be a strong signal "SELL" signal and the next target could be around $0.05. Read the full article

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Cryptomedia News this week

We have come to the end of another week and as usual, we are bringing to you five profound news articles that caught our attention this week. Enjoy them below.

Cryptocurrency influencers are even worse than normal influencers

  Cryptocurrency, which has long suffered from a branding problem, can certainly benefit from the seeming legitimacy celebrities bring, but it goes without saying that a dodgy partnership can directly impact the market and in turn, peoples’ virtual wallets. Enticed by generous paychecks, celebrities may enter into an endorsement deal for reasons other than money. They may genuinely love and believe in the product, it may align with their own personal brand, but unfortunately, they repeatedly fail to understand what they’re endorsing. Personal comment- I believe the message that is contained within this news is very self evident if you ask me. There are a whole lot of people who engage in investment due to the allure of the influencers. You see the face of your favorite celebrity and you immediately think the investment is the right one for you. This news simply reminds you of the need not to be gullible. Rather, make informed choices after removing personal sentiment. Source: https://thenextweb.com/hardfork/2019/02/14/cryptocurrency-influencers-are-even-worse-than-normal-influencers/

Survey Finds Jump in Crypto Institutional Investment Over Next Five Years

  According to a survey conducted by the Global Blockchain Business Council (GBBC) and shared with CoinTelegraph, a whopping 41 percent of polled institutional investors believe they will be entering the Initial Coin Offering (ICO) sector within the next five years, with 16 percent saying it would happen with the next three years. Personal comment- While I am usually the one to scream that this is a very good news for the Cryptocurrency industry, I think this news is giving me more concern than necessary. More ICOs usually means more opportunities to invest in better causes but it also opens up the world of scammers who are intent of making way with people's hard earned cash. You should be on alert this time more than ever and watch out for all those bogus offerings that are subtle means of scam. Source: https://ethereumworldnews.com/cryptocurrency-institutional-investor-2019/

Crypto Nightmare: This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000

  Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium. At one point, he bought 0.0047 BTC for 340 Brazilian reals, worth about $91. At press time, said amount of bitcoin is worth less than $15 on other exchanges, meaning at the rate he paid for a full bitcoin would’ve cost him the equivalent of over $19,400. Personal comment- I must admit that I almost laughed when I read this news. However, I became sober with the realization that this could happen to anyone, including me. It is quite unfortunate however that this happened because it could have been stopped if the Investor had taken more precaution. Please listen up, do not ever make investment decisions without checking about it all along the way. If you are a little skeptical and not too versed, call up a friend of yours and verify. There is no shame at all in calling up someone, after all, it is your money. This was a really dark news that propped up this week. Source: https://www.ccn.com/crypto-nightmare-brazil-bitcoin-20000

Ripple’s Brad Garlinghouse Explains Why He’s Not Scared of JP Morgan’s ‘Bank Cryptocurrency’

  Multinational banking giant JP Morgantook an idea made famous by Ripple Labs (and other public crypto projects) – that blockchain can conduct cross-border transactions more swiftly than traditional interbank settlement system SWIFT – and rebranded it. To that end, the firm replaced Ripple’s distributed ledger with an Ethereum-inspired Quorum blockchain and XRP token with its new stablecoin, JPM Coin. Personal comment: I brought this news out because of people who are closely watching out for Ripple. This piece of news may seem to be one that is very devastating at the first look, however, Ripple seems to be in a better place to bounce back and still retain the trust of investors. Source: https://www.ccn.com/ripples-brad-garlinghouse-explains-why-hes-not-scared-of-jp-morgans-bank-cryptocurrency

Ethereum Has Shot Past Ripple's XRP In The Cryptocurrency Rankings--Here's Why

  Ethereum, the decentralized app network and cryptocurrency rival to bitcoin, has continued to climb after last week’s sudden market pump, overtaking Ripple’s XRP digital token to reclaim the number two spot in the list of the world’s largest cryptocurrencies by market capitalization. The ethereum price has surged some 3% over the last 24 hour period to over $120 per ether token, according to the latest CoinMarketCap prices, as ripple (XRP) remains flat and the wider market holds onto its gains from late last week Personal comment- Ethereum seems to be making great gains ever since February started and I believe that it would continue to maintain its steady growth. Though it is highly in doubt that it would ever match its all time high, Ethereum would still continue to remain. This should give the investors a little comfort. Source: https://www.forbes.com/sites/billybambrough/2019/02/11/ethereum-has-shot-past-ripples-xrp-in-the-cryptocurrency-rankings-heres-why/#6cbec18727c4 Read the full article