Bitcoin
BTC$49 653.41

-1.04%

Ethereum
ETH$4 371.46

1.74%

Binance Coin
BNB$602.61

6.15%

Tether
USDT$1.001029

0.01%

Solana
SOL$189.68

1.51%

Cardano
ADA$1.37

1.42%

HegdeTrade (HEDG) Price Forecast


December 2019

To paraphrase a famous marketing slogan: HedgeTrade (HEDG) was made by traders for traders. From the fundamental standpoint, HedgeTrade represents a blockchain platform that affords the opportunity for the finest traders to share their insight into this craft and predict the future cryptocurrency prices, while the less experienced and knowledgeable traders can purchase these forecasts (HedgeTrade dubs them Blueprints) by virtue of HEDG tokens.

One can say that these are the characteristics of a customary social trading platform, but HedgeTrade does possess a feature that allows it to stand out from the crowd. While other platforms tend to carry little to no responsibility for incorrect price forecasts, the Blueprints are incorporated in smart contracts, which are designed specifically to release the payment to the predictor’s wallet only if his price forecasts were accurate. Otherwise, the deposited crypto is sent back to the payer’s account.

Moreover, the traders who generate the prognoses are obliged to stake a certain amount of HEDG, thus adding more accountability and trust in their work through this token staking model. In essence, the platform hedges traders against the risks of relying on inaccurate price forecasts, hence the name of the coin.

This fact probably explains the increasing popularity of this relatively new cryptocurrency, which is depicted in its surging price chart.

HEDG’s performance in 2019


We called HEDG a new cryptocurrency because it appeared on the market at the end of December 2018, traded at a price of $0.0005 per coin. Judging from the all-time chart below, HEDG has made tremendous progress over the course of the year, which commenced synchronically with the bull rally that the entire market had experienced from May till August.

The first price peak happened in September when HEDG was valued at $1.09. A mild correction followed it all the way to the previous support level of $0.6, from which the coin has displayed a powerful upward impulse that took HedgeTrade towards its all-time high of $1,33. The price record was established only a few days ago, on December 6. As of the time of writing, the value of HEDG has rolled down a bit to $1.12.

The current standings and future prediction


As we can assume from this weekly chart, the cryptocurrency has been hitting resistance at $1.2 while maintaining the support at $1.1, thus consolidating before the next move either to the upside or to the downside.

And while the majority of cryptocurrency traders were focusing their attention on the price action of Bitcoin, HedgeTrade has been outperforming the dominating cryptocurrency throughout the second half of the year. Therefore, while Bitcoin continues to dangle around the $7,500 - $8000 zone, perhaps it is time to divert attention to the coins like HEDG, which might maintain its upward momentum in the near future.

In terms of technical analysis, the 14-day RSI and Stoch RSI are suggesting to sell the coin, but this unfavorable prognosis is vastly overpowered by the SMA and EMA showings on all timeframes that hint at a strong buy. MACD and Stochastic remain neutral. To summarize, if you are a registered trader at Bitrex, HitBTC, or P2PB2B, then you should at least consider getting into HedgeTrade.

Author: Alex Paulson for Crypto-Rating.com

Related

HedgeTrade (HEDG): Trending Up After a Higher Low
HedgeTrade (HEDG): Trending Up After a Higher Low

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.4% 48 $49 653.41 -1.04% -11.92% $938 231 285 210 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 39 $4 371.46 1.74% -2.81% $518 726 908 591 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 78.4% 35 $602.61 6.15% -1.70% $100 516 630 091 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 93.6% 1 $1.001029 0.01% 0.07% $76 404 874 493 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 61 $189.68 1.51% -15.46% $58 298 771 519 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 65.2% 77 $1.37 1.42% -10.77% $45 766 334 793 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.4% 2 $1.001815 0.22% 0.32% $41 115 117 851 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 68.8% 65 $0.847842 5.03% -12.53% $40 058 264 442 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 64% 75 $75.43 12.62% 19.06% $28 728 578 546 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 68.4% 70 $28.89 0.14% -17.80% $28 535 305 964 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 65 $0.177346 0.37% -13.13% $23 487 786 636 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.6% 77 $94.12 7.54% -19.09% $22 852 451 871 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 79 $0.000036 0.19% -13.18% $20 008 775 732 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 63.2% 70 $2.34 4.62% 13.05% $16 582 834 795 MATIC 7 days price change
15 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 65.2% 78 $0.607936 -0.59% -14.02% $15 358 289 057 CRO 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.