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The real gem in IOTA’s repertoire is Tangle, their Directed Acyclic Graph system that works differently from traditional blockchain ledgers.There’s a lot of buzz about this technology, as it promises to scale infinitely and offer no cost transactions.IOTA has taken a clever strategic position by being the only main player in an emerging industry like IoT. It is certainly a coin that is going to see wide-scale adoption and revenue generating partnerships in the upcoming years. For this reason, it remains one of our analysts top cryptocurrencies for 2018.
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ETH price is moving back higher after testing the $670 support zone against the US Dollar.There was a break above a key bearish trend line with resistance at $702 on the hourly chart of ETH/USD (data feed via SimpleFX).The pair might continue to move higher and it could even test the most important resistance at $750-760.
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The government of Curaçao, a Dutch Caribbean island known for its scuba diving market and regulated casino industry, has officially legalized and issued a casino license to Edgeless, a decentralized application launched on top of the Ethereum protocol, as a legitimate casino business.It is the first case in which a decentralized casino platform based on the Ethereum protocol has been approved by a government in an industry that is well regulated and matured..
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Tell me, what does the red-highlighted reports mean in the Spreadsheet?
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LTCUSD has formed higher lows and found resistance at the $280 level, creating an ascending triangle formation. Price is currently testing the resistance and could be due for a move back down to support or a breakout.LTCUSD has been unable to join in bitcoin’s recovery as weaker volumes for this particular cryptocurrency took its toll during the market holidays. Also, the dollar has been supported by the tax bill being signed into law before Christmas, ensuring stronger business activity and overall performance for the US economy in the months ahead.There are no major catalysts lined up for both litecoin and the US economy for the rest of the year so it’s likely the consolidation could continue in the next few days.
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Ethereum rallied a bit over the weekend, but continues to struggle at the $760 level. Maybe the market is simply consolidating in this area,. At that point, there seems to be supported in the region, giving us a potential buying opportunity. If Ethereum breaks down below the $600 level again, we could fall as low as $500. Merry Christmas!
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