Bitcoin
BTC$70 102.05

-0.94%

Ethereum
ETH$3 548.67

-1.04%

Tether
USDT$1.000161

0.06%

Binance Coin
BNB$612.52

4.54%

Solana
SOL$185.38

-0.40%

XRP
XRP$0.623886

0.47%

The long-awaited growth of cryptomarket


February 2019

At the end of the previous week, the market of virtual currencies has grown after a long decline. Bitcoin was trading at $ 3,700. The price of Ethereum increased to $ 120, and the cost of XPR was $ 0.3085.

In the morning, virtual currencies were trading in a moderate lateral range, but in the afternoon there was a jerk. Bitcoin has risen up, added about 12% during just several hours  and reached the level of $ 3,800, followed by other cryptocurrencies. The reason for the growth was a fragment of an interview published on Twitter by one of the four commissioners of the SEC of the US, Robert Jackson, who said that the regulator could still allow the launch of an ETF for Bitcoin. Meantime, the Commission has about 240 days to decide finally on the application for the introduction of Bitcoin-ETF, and a lot can change during this time .

According to the forecast of the Fundstrat Global Advisors analytical agency, quite soon, a fall in the dollar and more solid results on the stock markets of developing countries can impact positively on the price of virtual currencies. Besides, financial experts expect a rise in the institutional investors'activity on cryptocurrency market, especially in custodial products and over-the-border trading. Moreover, the impetus for higher demand for cryptocurrencies from investors may be support for plastic cards on Binance cryptoexchange, the possible achievement of a critical mass in the Lightning Network, and access to IPOs of such major companies as Bitmain and Bitfury. One more positive sign for the industry may be the reduction in trading volumes on BitMEX derivatives exchange.

In our forecast for Monday we expect a downward correction in the virtual currency market. Bitcoin may decline to support levels of 3640, 3600 and 3570 dollars. Ethereum support levels can be 117, 115 and 112 dollars. The price of XPR may drop to 0.3060, 0.3030 and 0.3000 dollars.


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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 75.6% 42 $70 102.05 -0.94% 8.41% $1 378 721 112 129 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 50 $3 548.67 -1.04% 3.44% $426 091 134 629 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000161 0.06% 0% $104 521 125 383 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 64.4% 81 $612.52 4.54% 7.46% $91 594 467 823 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 56.8% 88 $185.38 -0.40% 5.95% $82 385 078 775 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 84.8% 28 $0.623886 0.47% 0.09% $34 241 537 263 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.4% 2 $0.999936 -0.02% -0.01% $32 488 072 414 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 66 $0.215569 0.30% 36.43% $30 969 443 243 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 68.8% 66 $0.647345 -0.43% 3.88% $23 035 130 789 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 87 $53.64 -1.02% -2.10% $20 244 556 490 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 56% 94 $0.000031 -4.23% 13.88% $18 256 409 592 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 59.6% 87 $4.91 0.25% 11.99% $17 045 259 055 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 73.6% 49 $9.48 -0.70% 4.30% $13 526 776 978 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 74% 57 $623.57 9.94% 53.19% $12 273 269 375 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 79.6% 42 $18.86 -3.55% 4.45% $11 075 390 725 LINK 7 days price change

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