Power

Ripple Faces Strong Rejection at $0.20500 Resistance as Bears Threaten to Short
May 19, 2020 at 11:12
News
Ripple Faces Strong Rejection at $0.20500 Resistance as Bears Threaten to Short
The concerted efforts made by the bulls to push above the $0.20500 resistance have failed after a second attempt. The bears are strongly defending the $0.20500 resistance.
Ripple Is Defenseless, a Further Downward Move below $0.20500 is Likely
May 16, 2020 at 11:14
News
Ripple Is Defenseless, a Further Downward Move below $0.20500 is Likely
Yesterday, buyers turned down from the $0.20500 resistance after an attempt to push the price above it. Certainly, the bulls lack buying power at higher levels.
Litecoin Rebounds but Faces Rejection at $47 Resistance
May 08, 2020 at 10:55
News
Litecoin Rebounds but Faces Rejection at $47 Resistance
Yesterday, Litecoin rebounded above the $44 low to reach a high of $47. Regrettably, the rebound is insufficient to break through the resistances of $47 and $50.
Ukraine Plans on Using Energy Surplus for Cryptocurrency Mining, While Its Citizens Are Threatened with Massive Shutdowns
May 06, 2020 at 14:04
News
Ukraine Plans on Using Energy Surplus for Cryptocurrency Mining, While Its Citizens Are Threatened with Massive Shutdowns
The Ukrainian Ministry of Energy offered the Energoatom energy generating company to explore the possibility of cryptocurrency mining using the potential of nuclear power plants.
Cryptocurrencies in Downward Correction, Lacks Buying at Higher Levels
Apr 19, 2020 at 10:44
News
Cryptocurrencies in Downward Correction, Lacks Buying at Higher Levels
The cryptocurrencies are still grappling with the bear markets. The altcoins have all exhausted selling pressure but the bulls lack buying power to come out of the downtrend. The coins are in a downward correction.
HTC Breaks Out Mobile Mining With Smartphone App That Allows to Mine XMR
Apr 12, 2020 at 10:10
News
HTC Breaks Out Mobile Mining With Smartphone App That Allows to Mine XMR
On April 10, HTC disclosed a plan to support its flagship blockchain phone, EXODUS 1s, with a Monero mining feature. This signifies a start of mobile mining, which holds a promise to bring power costs down and make cryptocurrency mining more decentralized.
Ethereum May Fall Into Local Bottom as Bears Break $100 Support Level
Mar 16, 2020 at 13:47
News
Ethereum May Fall Into Local Bottom as Bears Break $100 Support Level
Last week, the bears pushed Ethereum to the bottom of the chart. Ethereum nosedived to the low of $101 but pulled back above $120 to resume a sideways trend. The bulls could not push price above $140 resistance. Ether is also repelled each time price tested the resistance level. This also explains that ETH lacks buying power at a higher level.
Bitcoin Falls as Bears Overwhelm Bulls Above $9,000 Resistance
Mar 09, 2020 at 12:46
News
Bitcoin Falls as Bears Overwhelm Bulls Above $9,000 Resistance
Surprisingly, Bitcoin has plunged below $8,000 after failing to break above the $9,200 resistance. The bulls have earlier broken the price range of $8,400 and $8,800 and push above $9,000. Bitcoin faces intense selling pressure at $9,200 as the market nosedived to the low of $7,822. On the downside, as the bears broke $8,400 support, the next support ought to be at $7,800.
Bitcoin Mining Difficulty Factor Hits a Flat Curve as Coronavirus Rages in China
Feb 13, 2020 at 16:42
News
Bitcoin Mining Difficulty Factor Hits a Flat Curve as Coronavirus Rages in China
The outbreak of the new coronavirus in China has halted economic activities in the mainland which is the key producer of Bitcoin mining Hardware. As fewer mining machines are added to mine Bitcoin, the difficulty algorithm is relaxed as the competition between miners reduces. The Universal hashing power towards the Bitcoin network is somewhat constant.
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