Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Friday, 16 November 16:02 (GMT -05:00)



Foreign exchange market

There's Nothing Wrong About Crypto-Market Downtrend, Ethereum Co-Founder Lubin Says


The ups and downs currently seen in the global market of digital currencies do not reflect the current state of affairs in the market, Joseph Lubin thinks. By the way, he is the founder of ConsenSys and a co-founder of Ethereum, the world's second-biggest cryptocurrency in terms of market cap. 
 
In particular, he thinks there's nothing wrong about the continuous ups and downs shown by cryptocurrency exchange rates on a daily basis. Moreover, such fluctuations are even good for the digital currency since they contribute to the improvement of the entire ecosystem.
 
Lubin is a realist. That's why he calls the rally seen in late 2017 a price bubble. Even more, according to his calculations, this is the 6th and biggest bubble in the global cryptocurrency market ever since it came into existence. There is another distinctive feature when it comes to the latest bubble. The thing is, unlike the previous bubbles, the market took the burst of the last one for granted and reacted in a relatively reserved way to this.
 
At this point, the cryptocurrency market is at its initial stage when the fundamental infrastructure is being created while we can see the market retrace amid increasing upward potential. even though the ups and downs are inevitable, Lubin thinks that there is strong correlation between the infrastructure and the value of cryptocurrencies.
 
As for the increased volatility, it's of purely speculative nature driven by traders and investors. That's why the current downtrend doesn't imply any problems with the cryptocurrency infrastructure.
 
His words are backed by the market behavior. On August 14th, Ethereum dropped down to 251 dollars, the lowest price level since SEptember 2017. The next day, the exchange rate increased all the way up to 286 dollars, NordFX reports.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Crypto Market Panic: Bitcoin Crashes Below $6000

It seems like the time fo relative stability is now over for the global market of crypto currencies. Today's market behavior is making international investor really worried about their crypto investments. In particular, Bitcoin has recently been suffering from considerable market moves, which started earlier yesterday. The day before, Bitcoin used to cost over $6300. Now it is trading around $5600, which is a considerable decline over the past 24 hours. It used to be even lower - at $5350.
Publication date: 16 November 09:42 AM

Crypto Market Sentiment Gets Better, FortFS Reports

Given the fact that crypto assets are relatively new, volatile, and promising, international experts have been increasingly interested in everything that's been going on in the international cryptocurrency market over the last few years. FortFS experts decided to dive deeper into the current market situation and evaluate last week's key events, which are also expected to influence the market in the near future.
Publication date: 11 November 06:11 AM

U.S. Hedge Funds Are Playing Against Russian Ruble

For the first time since last year, American traders are playing against the Russian Ruble again. The net cumulative position on the RUB futures has now turned negative. For the most part, the traders (mostly hedge funds) are now betting on the further wekaness of the Russian Ruble in the near future. This is confirmed by the latest CFTC report.

Publication date: 28 October 07:57 AM

The Impossible Is Possible: Hackers Rob Zaif Crypto Exchange

The Japanese cryptocurrency exchange named Zaif, which claims to be super secure, has been attacked by hackers. They managed to steal quite a big amount of money.

Publication date: 15 October 08:59 AM

Bitcoin Will Yield Its Leadership to Ethereum, Weiss Says

Weiss Ratings, a provider of forecasts and reports on financial assets, including stocks ETFs, and cryptocurrencies, has recently released a controversial forecast.

Publication date: 11 October 11:46 AM

Crude Oil Is Getting Ready To Test $100/b

International expert say that there is a really high probability of crude oil starting another rally to test $100/b. After a major drop down to $40/b that started in 2014, crude oil has been continuously trying to regain the lost ground. Since then, the price has doubled. At this point, Brent oil costs $85/b. Yet, this is not the limit, or at least it seems so right now. 

Publication date: 11 October 10:40 AM

FortFS Introduces Super 8,88% Cash Back

Publication date: 30 September 05:22 AM

Bitcoin Prospects From Investors' Standpoint

The latest events taking place in the international market of cryptocurrencies seem to be making international traders and investors doubt the future behavior of digital currencies. With that being said, they are trying to be cautious about their predictions related to cryptocurrencies.

Publication date: 20 September 12:08 PM

Masterforex-V Academy Names World's Best Forex Brokers

There are quite a lot of FOrex brokers out there, which is why even FX experts may have a hard time finding one of the best representatives of the FX industry.

Publication date: 15 September 10:43 AM

China's Central Bank Wants to Legalize Cryptocurrencies

The People's Bank of China is currently seeking expert advice regarding turning cryptocurrencies into legal financial asset and payment means in China. According to some financial experts from China, the Chinese authorities have been showing keen interest in blockchain-based technologies, ICOs, and digital currencies. However, they have been cautious since they don't want the international community to know about it.

Publication date: 13 September 11:00 AM