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Price predictions

Cryptomarket remains flat


06 Feb 2019   #Ethereum

The cryptocurrency market has remained flat since the beginning of the new week. On Tuesday, most assets traded with a slight decrease. Bitcoin quotes fell to 3465, Ethereum fell to 107, and the XRP price dropped to $ 0.3000.

Since tokensale, the price of a BitTorrent coin has increased almost 10 times. At the moment, BTT is being traded in the region of $ 0.00116, in the last 24 hours a rise of 65%. The coin is currently trading on Binance, UPbit, OKEx and several other exchanges. According to CoinMarketCap, trading volume in the last 24 hours reached $ 590 million.

In one of the Ethereum protocols, a vulnerability was discovered that threatens the security of the entire ecosystem. In particular, MyEtherWallet, MyCrypto and Infura services are under threat of hacking. At the moment, the problem has already been fixed, the attackers did not have time to use it. Recall that in January, due to the critical vulnerability in improving the system, which allows hackers to steal user funds, hardfork Ethereum Constantinople network was postponed indefinitely.

Swiss cryptocurrency bank Seba Crypto AG has signed an agreement with a Swiss mortgage bank within which it will help in the development of a basic information system called Finstar. It is reported that Seba's decentralized solutions will be implemented in the Finstar system. In addition, under the agreement, Seba Bank will be able to use traditional Finstar financial services. Also, using the Finstar system, it is planned to process and store cryptocurrency transactions. The project should be completed in the second quarter of this year. Earlier it was reported that Seba Bank entered into a partnership agreement with a division of the Swedish company Loomis Group, which is a leading global provider of logistics solutions. Within the framework of the new cooperation, the companies will work on the creation of a highly reliable cold storage for Level A cryptocurrencies. Even despite the fall in the cryptocurrency market, cryptocurrency and blockchain startups continue to expand actively in Switzerland.

In our forecast for Wednesday, we assume a further decline in cryptocurrency assets. We expect Bitcoin quotes to decline to levels of 3450, 3420 and 3400 dollars, Ethereum fall to 105, 102 and 100, and XRP decline to levels of 0.2975, 0.2950 and 0.2920 dollars.

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