Bitcoin reached new yearly maximum

April 23, 2019   Bitcoin

Cryptocurrency assets continued to grow at the beginning of the new trading week. Bitcoin reached a new annual maximum of $ 5,400, Ethereum slightly increased to around $ 172, and XRP strengthened to a level of 0.3250. The total capitalization of the cryptocurrency market has reached the level of 180 billion dollars. Crypto analysts confirm that bitcoin has gone "bottom", and the accumulation stage has now begun - the first stage of the future bull market, when investors start preparing for the next rally. Experts compare the current state of the market since 2015, when Bitcoin was also underestimated by investors. Crypto researchers believe that the situation “has noticeably improved by the beginning of 2019” and more and more investors have begun to hold positions again, but emphasize that their conclusions do not mean that Bitcoin cannot fall back to November last year or even lower. However, they expect that until the end of the accumulation stage and the start of a new rally, the cryptocurrency will trade in the corridor between $ 3,000 and $ 6,500.

The latest trend of the cryptocurrency industry - primary stock exchange placement is actively increasing in the field of primary funding for startups. According to the ICOBench portal, the number of such campaigns has already exceeded 50. The most well-known platform providing IEO remains the Binance Launchpad. Among recent projects, CNNS, which is preparing to launch, stands out. It received applications for $ 112 million, which is 30 times higher than the planned amount.

According to the rating agency Weiss Ratings, the launch of Binance’s own blockchain will not be a threat to Ethereum. Immediately after the launch of the Binance Chain network, information appeared about the possible transition of a number of projects from Ethereum to a new blockchain. The largest cryptocurrency exchange Binance has sufficient resources to pull some projects to itself. In the coming days, the Binance token will be transferred to its own network. Against the background of the launch of the Binance Chain cryptocurrency, Binance Coin has grown to a level of $ 26, and this is an absolute record for all its existence.

In our forecast for today, we assume further Bitcoin growth to resistance levels of 5420, 5450 and 5475 dollars, Ethereum to marks 174, 176 and 178 dollars, and XRP to levels of 0.3275, 0.3300 and 0.3350.

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