Bitcoin
BTC$42 638.72

-1.51%

Ethereum
ETH$3 256.70

-2.76%

Binance Coin
BNB$472.81

-5.35%

Tether
USDT$1.000273

-0.01%

Cardano
ADA$1.52

7.70%

USD Coin
USDC$0.999934

-0.01%

SEC should regulate cryptocurrency assets


March 2019

Cryptocurrency assets traded with a slight decrease on Friday. Bitcoin fell to around 4025 dollars, Ethereum fell to a level of 137 dollars, the price of XRP reached the support of 0.3125.

Bitcoin hash rate reached its highest level this week since November 2018. The indicator assesses the total computing power of miners that provide network security. Meantime, the power of the hashrate continues to grow. The growth rate is largely due to the release of a new generation of miners Bitmain Antiminer S17. The high hashrate reduces fears that the mining industry is in decline. Today's hash rate is four times higher than in December 2017, when the price of Bitcoin was at a maximum of about $ 20,000. Sales of new equipment will raise the rate even higher.

A month ago, the Gram token derivative was launched on the Xena Exchange cryptocurrency exchange. During this time, the exhange rate of the coin has quadrupled from 2.2 to 8.25 dollars. Now the daily trading volume of derivatives on the Xena Exchange is $ 100,000. By the end of 2019, the total capitalization of Gram tokens could reach $ 29.5 billion.

The report of the American Analytical Center of the Brookings Institution states that more effective regulation will benefit the cryptocurrency industry. The study noted that the regulation of cryptocurrency assets is not yet under the jurisdiction of any government agency, and that the US Securities and Exchange Commission (SEC) should assume this role. The report assumes that the cryptocurrency technology itself is unsafe and must be regulated.

The report's authors believe that the regulation of cryptocurrency companies "will benefit cryptocurrency investors, further develop new technologies, reduce the use of cryptocurrency assets for illegal payments, and also reduce the risk of cyber attacks." According to their opinion, Bitcoin does not provide the reliable ecosystem that was promised. Analysts say that cryptocurrency assets "created" new financial intermediaries who are less responsible than large banks.

The company Lightning Labs has informed about the release of a new solution, the task of which will be to make the process of accepting bitcoins in the second level network Lightning Network more simple. The development was named Lightning Loop. The initial launch of this innovative solution is aimed at facilitating the acceptance of payments, and for this aim uses a mechanism called Loop Out. It lets customers to widen the bandwidth of receiving funds, unloading their funds from the network, but keeping the channels open. In the following release, the developers are going to to add the feature Loop In, which will allow customers to replenish Lightning channels with the usage of on-line transactions from their wallets or exchanges.

In our forecast for today, we assume a further decrease in Bitcoin to levels 4010, 4000 and 3070 dollars, Ethereum to marks 135, 132 and 130 dollars, and XRP to support 0.3100, 0.3075 and 0.3050.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 69.2% 55 $42 638.72 -1.51% 4.41% $807 243 389 030 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 67 $3 256.70 -2.76% 7.85% $388 191 403 166 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 55 $472.81 -5.35% 12.55% $78 864 524 384 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000273 -0.01% 0.02% $78 421 002 783 USDT 7 days price change
5 Cardano (ADA) ADA Cardano predictions 72.8% 51 $1.52 7.70% 35.16% $51 076 939 560 ADA 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999934 -0.01% 0% $45 406 392 117 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 62% 78 $143.41 -5.39% 7.22% $45 053 299 330 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 73.2% 58 $0.763343 -2.02% 4.70% $36 383 303 359 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 72.4% 59 $81.65 -5.36% 18.96% $29 236 557 736 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 74.4% 53 $26.43 -5.41% 12.61% $26 102 662 712 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 73.6% 46 $0.169529 -4.73% 18.09% $22 491 504 380 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 66% 76 $88.98 -5.79% 5.60% $21 741 645 322 AVAX 7 days price change
13 Polygon (MATIC) MATIC Polygon predictions 74% 54 $2.32 -0.44% 16.00% $16 960 038 549 MATIC 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 72.8% 59 $0.000029 -4.37% 8.49% $16 022 900 829 SHIB 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $0.999468 -0.11% -0.14% $14 439 514 995 BUSD 7 days price change

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