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IOTA: Weekly Price Analysis
IOTA is the tenth largest cryptocurrency in terms of market capitalization. While a few coins in the top 10 are attempting to recover from their recent lows, IOTA continues to struggle. The ugly spat between the IOTA team and a group of external security researchers is not helping matters either. Some believe that the IOTA founder and his team handled the whole episode immaturely, raising questions on the capability of the team to take the project further. Nevertheless, IOTA’s price has not slumped, which shows that the investors have not given up on the team completely. Sponsored Now, let’s look at the technical picture of...
Report: Crypto Miners Bought 3 Million GPUs Last Year
More than 3 million graphics cards have been sold to cryptocurrency miners in 2017, with sales reaching $776 million, a new report revealed. According to a major manufacturer, prices of GPUs will continue to increase in 2018, despite expectations of decreasing demand in the mining sector. Rising Mining Costs to Slow Down Demand Over three million Graphics Processing Units (GPUs) have been sold to cryptocurrency miners last year, Jon Peddie Research announced in its latest report. The total sales of video cards have reached $776 million, according to the market research firm, which does not expect prices to go down...
Bitcoin Sees Bull Reversal Ahead of Chinese New Year Holiday
Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event. Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's Bitcoin Price Index (BPI). Still, historical data indicates...
Litecoin Prices Could Be Undervalued Ahead of LitePay Launch
From the vantage point of today’s price levels, Litecoin could be one of the most undervalued cryptocurrencies on the market. The world’s fifth-largest coin is about to get a major boost in a few weeks with the launch of LitePay, the self-styled instant payment platform. // -- Discuss and ask questions in our Facebook Group LitePay: A Potential Game-Changer The LitePay payment processor will officially launch Feb. 26, according to the company’s official Twitter feed. The system will enable retailers to accept LTC payments instantaneously, regardless of where their customers are located. Through a LitePay card, users can make payments to...
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