Bitcoin
BTC$57 198.62

-2.78%

Ethereum
ETH$3 069.78

-2.59%

Tether
USDT$1.000049

0.01%

Binance Coin
BNB$523.00

-2.48%

Solana
SOL$135.54

-5.77%

USD Coin
USDC$1.000349

0.03%

Whether mining will come back soon?


March 2019

The main cryptocurrencies continue to trade with minimal volatility. As a result of the trading session on Wednesday, the Bitcoin price remained unchanged at around 4,060 dollars, Ethereum fell by a dollar to the level of 139, and XRP slightly strengthened to the level of 0.3190.

According to many experts, the price of Bitcoin is affected by the hashrate, and the increase of this indicator signifies that optimism in the digital currencies market, particularly among miners, not only persists, but also increases. The overall computational power in the Bitcoin network reached the indicators of the beginning of November 2018. Last year, along with the deep decline of the cryptocurrency market, the demand for mining devices dropped sharply. Nvidia equipment turned out to be unclaimed. Most of the video cards intended for mining Bitcoin and other coins remained in the warehouse. But the actual level of hashrate is more than four times higher than the figures that could be seen in December 2017, when the rate of bitcoin rose to a historical maximum of around $ 20000. This suggests that mining will be back soon. Thus, the largest manufacturer of video cards hopes to soon sell off the entire stock of equipment.

There are new details of the past tokensale company Celer Network. In 17 minutes, almost 600 million tokens from a total emission of 10 billion were sold. The selling price of publicly available tokens was $ 0.0067, so the project managed to raise almost 4 million. Tokensale was held at the Binance Launchpad. Despite all the measures taken by Binance, technical problems could not be avoided. As during the sale of BitTorrent tokens, the system was again overloaded. The company Celer today was the most popular of those held on the platform Binance Launchpad. The end of the tokensale caused increased volatility of BNB tokens in the market.

Parity Technologies has declared about a partnership with the Zcash Foundation, under which the first alternative client for the digital currency Zcash will be developed. Parity has enough experience in creating cryptocurrency wallets, the company has already developed wallets for networks Ethereum and Bitcoin. Representatives of the company promise that the new client for Zcash will be delivered open source, like other Parity Technologies projects.

Over the past week, the bitcoin exchange rate rose from $ 3.901 to $ 4.048, that is, almost 4% against the US dollar. The relatively strong short-term performance of Bitcoin led to the fact that alternative cryptocurrencies showed a significant increase in the dynamics of growth, allowing the ovearll capitalization of the crypto market to grow by almost $ 7 billion.

In our forecast for Thursday, we assume a slight increase in Bitcoin to the levels of 4080, 4100 and 4120 dollars, strengthening of Ethereum to the marks of 140, 142 and 145 dollars, and an increase in XRP to the levels of 0.3200, 0.3230 and 0.3260.


Related

Bitcoin Price Predictions for 2024 and Beyond: Will Bitcoin Soar Again?
Bitcoin Price Predictions for 2024 and Beyond: Will Bitcoin Soar Again?
Celebrating 15 Years of Bitcoin's Genesis Block: A Reflection on Innovation and Revolution
Celebrating 15 Years of Bitcoin's Genesis Block: A Reflection on Innovation and Revolution
The Impending Transformation of the Crypto Landscape: The Potential Impact of a US-Approved Spot Bitcoin ETF
The Impending Transformation of the Crypto Landscape: The Potential Impact of a US-Approved Spot Bitcoin ETF
2024 Cryptocurrency Investment Guide: Identifying the Best Digital Assets
2024 Cryptocurrency Investment Guide: Identifying the Best Digital Assets
Stocks Surge to New Highs Amid Dovish Fed Stance, While Cryptocurrencies Experience a Retreat
Stocks Surge to New Highs Amid Dovish Fed Stance, While Cryptocurrencies Experience a Retreat
The Surge of Institutional Interest in Bitcoin
The Surge of Institutional Interest in Bitcoin
Navigating the Investment Landscape: A Detailed Comparison of Stocks and Bitcoin
Navigating the Investment Landscape: A Detailed Comparison of Stocks and Bitcoin
Navigating the Unthinkable: A Comprehensive Analysis of Bitcoin's Potential Fall to Zero
Navigating the Unthinkable: A Comprehensive Analysis of Bitcoin's Potential Fall to Zero
Navigating the Ebb and Flow: A Deep Dive into the Current Crypto Market Dynamics
Navigating the Ebb and Flow: A Deep Dive into the Current Crypto Market Dynamics

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 70% 54 $57 198.62 -2.78% 3.30% $1 127 960 877 064 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 44 $3 069.78 -2.59% 4.37% $369 022 410 046 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000049 0.01% 0.03% $112 374 361 210 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76% 48 $523.00 -2.48% 7.59% $77 185 085 926 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80% 32 $135.54 -5.77% 4.36% $62 886 704 296 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $1.000349 0.03% 0.03% $33 989 384 478 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 78.4% 43 $0.471558 4.71% 13.19% $26 315 443 737 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 82.4% 32 $7.22 0.51% 3.53% $18 109 064 254 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 71.2% 60 $0.105755 -3.86% 6.14% $15 343 354 266 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 80.8% 38 $0.398225 0.47% 14.40% $14 287 339 544 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 78.4% 33 $0.136606 1.69% 8.47% $11 903 001 719 TRX 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 95.6% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 93.2% 2 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 54 $25.04 -3.32% 3.04% $9 876 477 273 AVAX 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.

© 2015-2024 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.