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Hustle, Hit and Win – EUROMANIA – 1 BTC on The Line!

Hustle, Hit and Win – EUROMANIA – 1 BTC on The Line!

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Hustle, Hit and Win – EUROMANIA – 1 BTC on The Line!

For all football fans out there, we have fantastic news – UEFA Euro 2020 is back!

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This is the time when we have so much trust in our favorite teams that we can bet on their success over the Gold Cup.

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Meet EUROMANIA 
EUROMANIA is a football lottery on 1xBIT, with no less than five stages of prizes, ready to be unlocked. These could get you free bets, mBTCs, and all the way to the top prize of 1 BTC on July 13th.

The lottery is up for the whole football season, and it requires just a 1xBIT account and your determination to predict the match results.

Your bets on EURO 2020 matches give you free lottery tickets to play on EUROMANIA, so don’t settle for a single chance. The more you play, the luckier you can be.

Champions are made, not born. So make sure not to lose this opportunity! 

About 1xBIT
1xBIT is one of the most entertaining crypto gambling websites out there, especially for sports fans. It has a fantastic range of bets, like:

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Kusama Price Rises 15% To $503 – How To Buy KSM Rally

Kusama Price Rises 15% To $503 – How To Buy KSM Rally

Kusama price is on a tear. Crypto protocols have shown remarkable growth since the year began, and one such crypto protocol is certainly the Kusama network. Following a Tuesday announcement from principal founder Gavin Wood that parachain auctions would now be supported on the test network, KSM price rose by 17.50% and now trades at $508.84 on the 24hr trading chart.

KSM Parachain Auctions Good News For Polkadot

Parachains are the final piece of Polkadot’s puzzle of creating an interoperable and heterogenous blockchain that communicates with both permissioned and permissionless blockchain networks.

They have been a long time coming, and their launch has been shifted several times by the development team. Wood’s announcement that parachain auctions would now be supported on Polkadot’s canary network Kusama made many DOT holders breathe a sigh of relief, given the broader crypto market has seen negative price action in the last few weeks.

Kusama commencing parachain auctions on its network is good news for Polkadot as the success of the auctions would spill over into the twin network.
Parachains are meant to host decentralized applications (dApps) that can seamlessly interoperate with one another by tapping into Polkadot’s relay chain architecture.

Race for the 100 Polkadot Parachains is On

Given that there is only space for 100 parachains, interested dApps have to bid for available slots hence the auction. To qualify for the auction, projects need to stake the protocol’s native tokens KSM or DOT.

To increase their chances of succeeding, crypto protocols turn to their supporters to raise loans in parachain loan offers. This would see them bond their KSM tokens for some time. Successful projects will reward their contributors with native parachain tokens.

Top crypto exchange Kraken is already seeing a market opportunity here and has announced that it would be supporting Parachain Auctions in a press release. According to the Bitcoin exchange, Kraken users will be able in Kusama’s Parachain Auctions without leaving the exchange.

Additionally, private venture capital firm Master Ventures recently announced a $30 million Polkadot VC Fund. According to the VC firm, the fund is meant to support crypto projects looking to secure a parachain slot on the Polkadot Relay Chain.

KSM Price Surges as Bulls Returns

KSM seems to be taking everything in strides. At press time, KSM price rose to $514.41, with more uptrend projected by the 200-day moving average (MA) support. The Commodity Channel Index (CCI) confirms this bullish trend with a 161.69, indicating the bulls have come into the market.

kusama surge price chart June 10

The Relative Strength Index (RSI) shows 60.04, indicating more KSM price increase is likely. The directional movement index (DMI) is at 23.74, indicating a growth trajectory to the upside. At the same time, the moving average convergence and divergence (MACD) is bullish.

However, for the short-term, we turn to the 20-day MA to show us what we might expect before the close of trade. KSM price surged beyond the indicator detailing that it may not fall anytime soon.

Where to Buy Kusama

As the price of Kusama rises and investors expect further jumps, savvy investors are on the lookout for trusted platforms to buy Kusama. Here are some trading platforms to use:

1. eToro

While eToro started as a stockbroker app, it has grown into a top crypto trading service as well. The platform provides access to some of the most popular assets, with Kusama rumoured to be listing soon. As a trader on eToro, you’ll enjoy zero-commission trading, a secure crypto wallet, and several funding options.

2. Binance

Binance is the world’s largest cryptocurrency exchange. It has one of the lowest fee structure in the market and the liquidity is quite high too.

Looking to buy or trade Crypto now? Invest at eToro!

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Litecoin Price Prediction: LTC/USD Fluctuates in Range Zones

Litecoin Price Prediction: LTC/USD Fluctuates in Range Zones

Litecoin Fluctuates in Range Zones – June 9
The LTC/USD worth now fluctuates in range zones of $200 and $150 after making a failing attempt to push down past the lower range value of the market. The crypto market’s price is now seen trading around the level of $158 not being too far from the lower range-bound zone. As of writing, the financial percentage rate of the trade stands at about a reduction of -2.12.

Market Fluctuates in Range Zones: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $130, $1200, $110

LTC/USD – Daily Chart

Today’s session has seen a very tiny candlestick in the range-bound zones very to the lower point. As a result, it is still somewhat depicted on the LTC/USD daily chart that the range-bound zones will have to hold until some other next sessions as the two major movers are seemingly not making their impact strong on the market. The bearish trend-line drew southward across the SMA trend lines to place a mark near above the level of $150 to indicate the degree at the market valuation is. The 50-day SMA indicator is located over the 14-day SMA trend-line. The Stochastic Oscillators have moved down from the overbought region to point toward the south very lightly past range 20. That still suggests that a relative amount of selling pressure is ongoing in the market.
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What direction the LTC/USD price fluctuations in range-bound zones lead into?

As regards the LTC/USD price fluctuation in the range–bound zones, bulls may have to patiently wait for a rebound from a lowly point of the lower range-line for a decent buy entry. The downward moving past of the $200 resistance level by the 14-day SMA will possibly allow price to push more for a quick revisit-trading situation of some lower values.

Analyzing the downside of this market, the eventual breaking down of the lower range-bound line of $150 is still scary as to whether a downward push past it could be sustainable in the long run. It could only be a good trading condition for bears to consolidate their presence at the zone strongly against any attempting upward motion that could in the process signal an end to getting to see more downs in a continuation moving spirit.
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Looking to buy or trade Litecoin (LTC) now? Invest at eToro!

LTC/BTC Price Analysis

Taking a deep look at the trending outlook that exists between Litecoin and Bitcoin, the base crypto possesses a weightier stance pairing with the counter crypto to some extent as it is depicted on the price analysis chart. But, in the meantime, the base crypto seems to succumb to a force by the counter instrument as a movement is being made currently in the market to push southward out of range-bound zones that have existed at a higher considerable level. The 14-day SMA trend-line is closely located above the 50-day SMA indicator. And, they still both point toward the east direction. The stochastic Oscillator slightly point toward the south to keep a warning signal possibly against seeing LTC pushing with ease as paired with BTC as of writing.

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Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Market Dares Breaking Lower – June 8
It is currently observed at a closer viewing point that the LTC/USD market dares breaking lower the range-line as the price has been fluctuating around the value of 155 at a rate of -4.24 percent.

Market Dares Breaking Lower: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $120, $110, $100

LTC/USD – Daily Chart
Today’s trading session as depicted on the LTC/USD daily chart that price dares now dares breaking lower range-line as the level of $150 has briefly traded past to the south initially. A bearish candlestick is in the forming motion. The 50-day SMA indicator SMA has been intercepted from the top by the 14-day SMA trend-line as the bearish remains crossed downward against the SMAs’. The Stochastic Oscillators have crossed the lines from the overbought region to point southbound briefly past range 40 suggesting a downside pressure is the offing.
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Breaking lower past the range-line, will the ETH/USD market see a huge drawdown?

Breaking lower past the range-line, it has now been noticed by ongoing selling pressure in the ETH/USD  economy that a southward move Is imminent in the near session. A sudden pull-up from the lower range point of $150 will most likely push back the market into another trial trading situation of a bullish trend returning. However, if such a presumed scenario doesn’t have a volatile move, the range-bound may tend to continue.

As both the bearish and the 14-day SMA trend lines remain placed at the immediate resistance and the upper range-line of $200 below the 50-day SMA indicator portends that some degree of downward pressure is still somewhat in the market operations. Bears ought to have taken the advantage of the situation to have placed a sell order around the upper range-line. But, they now have to be wary of their position around the lower range-line.
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Looking to buy or trade Litecoin (LTC) now? Invest at eToro!

LTC/BTC Price Analysis

Comparing the market moving-capacity between Litecoin and Bitcoin, the base crypto yet possesses a higher length as paired with the most valuable counter crypto to some extent. A line of variant higher lows is kept occurring on the buy signal side of the bigger SMA indicator. The 14-day SMA and the 50-day SMA trend lines are pointing toward the east direction to validate an ongoing range trading outlook of the cryptos. The Stochastic Oscillators have slightly crossed downward from the overbought region to point to the south near over range 40. Going by that, the base crypto is on the verge of breaking the lower range zone as placed against the counter cryptocurrency.

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Ethereum Price Falls by 13% to $2,393 – Where to Buy the ETH Dip

Ethereum Price Falls by 13% to $2,393 – Where to Buy the ETH Dip

The ethereum price is weakening sharply today. The past few weeks have been bad for the broader crypto market and the selling has started again in earnest. While the greatest slump has been felt by bitcoin, altcoins have also not been spared. Ethereum has been losing, and it is barely recovering from the May meltdown.

Last week, ethereum managed to scale some key levels as it reached around $2,500. The largest altcoin in terms of market cap touched $2,800 yesterday, but bears have interrupted the upward price movement, causing another market dilemma. ETH has lost $400 in the past 24 hours to trade, at around $2400. As of writing, ETH’s value was slightly above $2400.

Ethereum Price: bears in charge

Ethereum’s near-term support is at $2,400, and if the coin can maintain above that level it may prevent the decline from deepening further. The Moving Average Convergence Divergence (MACD) metric shows that the coin could be headed into a bearish market.

ethereum price

The chart above also shows that the Relative Strength Index (RSI) may be dropping towards the negative area. However, this is not all bad news because there is still a high chance that the bulls may pick up again, especially after new investors start buying the coin because of the lower prices.

However, a move above the 100 SMA is required for ethereum to show signs of recovery. Further analysis also states that the largest altcoin will only show its full bullish intent when it pushes to above $3,000.

Ethereum has been classified as a better and superior token compared to bitcoin, a factor that may be causing rising prices. Goldman Sachs, one of the leading banks on Wall Street, published a report after the May market crash. The report stated that ethereum had a high chance of overtaking bitcoin as a store of value, and this revelation boosted ethereum’s value towards the end of April.

Ethereum has great fundamentals says Goldman Sachs

According to Goldman Sachs, the Ethereum network had many real-world applications because it offers support to smart contracts, which has created a great space for the proliferation of DeFi applications. Besides, the Ethereum network is also a hub for developing non-fungible tokens (NFTs) that are gaining popularity. These projects increase ether transactions, and it is reducing the volatility of the coin.

Ethereum’s value, just like the value of the broader crypto market, has been affected following the crypto regulations in the market. However, 27-year old founder of Ethereum, Vitalik Buterin, recently interviewed at a Fridman podcast where he said that “I don’t think governments have the ability to ban crypto to the extent of just completely preventing blockchains from existing. But they definitely have the ability to really marginalize it.”

Ethereum’s price is not just slated to be a short-term thing. Towards the end of this year, the Ethereum network plans to launch a layer two upgrade to make the platform even more attractive to DeFi developers. When this happens, the demand for ether will skyrocket, and it may even reach above the $4000 ATH.

Where to buy Ethereum

The dominance of the Ethereum network in DeFi development shows that the token is a great buy because its demand is not as volatile as the other cryptocurrencies. The anticipated layer two upgrades is also expected to push for the token’s value. One can buy ether in the current dip at:

eToro

One of the most recommended exchanges where you can buy ether tokens is eToro. The exchange is popular for crypto trading, and it even has features that allow new traders to learn how to go about the market. Through copy-trading, inexperienced traders can gain insights from crypto experts on the exchange.

Once you sign up on eToro, go to the order section and place an order for the number of ether tokens you want to purchase. You can also sell the token on the exchange.

Looking to buy or trade Ethereum (ETH) now? Invest at eToro!

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Prices Hurt as China Suspends Weibo Crypto Accounts

Prices Hurt as China Suspends Weibo Crypto Accounts

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China has gone a notch higher in its battle against crypto. A few weeks after cracking down on bitcoin mining and bitcoin transactions, the country has now taken down crypto-related accounts on the Weibo platform. The shutdown happened over the weekend, leading to an immediate price drop on Saturday.

Weibo is a social media platform that is similar to Twitter. During the weekend, users could not access crypto-related accounts with large followings. Each blocked account had a message stating that it “violates laws and rules.”

The move is seen as a way for the Chinese government to protect the Chinese crypto market from manipulation by crypto enthusiasts and influencers with large followings. The authorities are possibly seeking to forestall the rise of an Elon Musk-like figure in the space that could add to volatility and worries about price manipulation.

China crackdown negative for crypto… and so are weekends

Before the weekend started, bitcoin had received some great news, such as the President of El Salvador stating that he would introduce a bill to make bitcoin the legal tender in the country. However, the uptrend was disrupted after China suspended the Weibo accounts.

Soon after the news, bitcoin retreated to $35,000 after trying to push to around $40k. Over the weekend, a more than 5% decline in crypto prices was reported, with many crypto enthusiasts now believing that weekends have become a ‘dark period’ for crypto. Bitcoin is having a hard time reaching $40,000, and with the increasing regulatory risk, the coin is expected to fall back to around $30,000.

The news did not just affect bitcoin. Looking at data from CoinMarketCap over the weekend, most of the cryptocurrencies were no longer in the ‘green zone’ except for USDC. However, the market seems to be stabilizing. Many still believe that the crypto space has been volatile, and the current price fluctuation is not something to cause worry.

However, the Weibo news is not the only thing that affected the crypto price over the weekend. Elon Musk, who is now being seen as a crypto critic, published a cryptic tweet of bitcoin with a broken heart. The tweet caused another stir in the market and negatively affected crypto prices.

China crypto crackdown steps up a gear

China’s crackdown on the crypto market started back in 2017 but has picked up pace of late. Last month the country banned financial companies from engaging in transactions involving cryptocurrencies. The announcement widened  a previous ban that China had imposed on crypto exchanges. In May, China’s state council also cracked down on bitcoin mining activities, which led to several mining firms’ closure because of heightened regulatory risks.

The Chinese media has also stepped up in warning viewers against crypto trading. In recent weeks, the official Xinhua news agency has increased publications related to crypto-related scams and how people can avoid them. Another news agency also published a report stating that cryptocurrencies are highly unregulated. It also mentioned that they are mostly used in criminal activities such as arms trading, money laundering, and drug dealing.

It is not the end of crypto regulations in China, and more rules are expected to be published in the coming weeks. The tightening up on crypto is thought to be heavily influenced by the great strides China is making as it readies to launch the digital yuan, an official digital currency regulated by the central bank.

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