Bearish Correction in Cryptocurrency Market: Cardano, Ontology and VeChain drops by 40 to 50%

The Cryptocurrency market is under the bearish correction again and all the major currencies in the market are suffering from great loss. The currencies such as Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, but the currencies who are suffering from around 40% to 50% loss are Cardano, Ontology, and VeChain in the course of two weeks.

Since the high values of 26th June, the cryptocurrency market has got over $100 billion has quitted the total worldwide market capitalization.

Current Status of Cardano: Currently, the currency is trading at the value of $0.0058195 USD and its value is decreasing by -7.52%. The market capitalization of the currency is $1,508,833,915 USD and the 24-hour volume of currency is $117,480,994 USD. The circulating supply of the currency is 25,927,070,538 ADA.


In the previous three months, ADA value has almost got doubled and the launch of Cardano’s first staking test was the exciting news for the investors and non-investors. These are all who wait for a long time to reap profit from Cardano. The news assisted Cardano value to surge almost around 25% in the days leading up to June 26th high, but the gains could not be remains for long. Since then, the price of Cardano has decreased from $0.106910 to the value of $0.060580, making it decrease of value by 43%. Today, the value of Cardano has decreased even more.

Current Status of VeChain: Currently, the currency is trading at the value of $0.005632 USD and its value is currently decreasing by -6.83%. The market capitalization of the currency is $312,303,681 USD and the 24-hour volume of the currency is $28,395,752 USD.


The recent loss in the cryptocurrency market has also affected the chain value. The currency has collaborated with Walmart China, which then caused a surge in its value. The currency’s value has surged around 25% in June when the news of VET collaborating with Walmart came out. Yet the currency’s value got a decrease in the course of 18 days and from the high of $0.010624, the value decreased to the value of $0.005632 at the present time trading value. The VET value has registered the loss of around 46% in the course of 3 weeks.

Current status of Ontology: At the time of writing, the value of Ontology was trading at the value of $0.896612 USD and its value is decreasing by -7.87%. The market capitalization of the currency is $478,122,803 USD and the 24-hour volume of the currency is $142,413,272 USD.


The currency was increasing since the starting of the year and in the previous quarter, the value of the coin was almost doubling its value, but there is no bullish movement in the currency’s value since a previous couple of months that concrete anything in the value. Since the high of June 26th, the Ontology’s value has decreased from $1.85 to $0.920239. The total value decreased of the currency is around 50.25%.

At the beginning of this year 2019, the currency was going great and crossed its previous parent chain that is NEO (NEO) in the ranking of market capitalization. But Ontology has decreased back to 26th and NEO is holding its place at 17th.

Conclusion: These three altcoins is waiting for an opportunity for some bullish movement. These currencies were an earlier better performer in the market could not be able to handle their stableness in the values. The experts are hoping the same fate for the Chainlink (LINK), which has decreased by 38%. On the other hand, Bitcoin has dropped by 50%.

Dogecoin Price Analysis: This year Dogecoin has a noticeable surge in its price

Dogecoin Price Prediction

Dogecoin was clearly enjoying the bullish surge in its price and the bullish movement of the Dogecoin was triggered by the positive increase of the currencies in the market especially Bitcoin. Bitcoin was the most influential currency for Dogecoin’s value and when Bitcoin was going up, Dogecoin too was going up.

Today, Bitcoin open in the market with decreased price but the value of the currency is currently is around $11,300. Despite its bearish performance, the experts think that the currency will recover and achieve the value of $11,800 by the end of today and this surge will impact on the value of Dogecoin too.

Current Value of Dogecoin: Currently, at the time of writing the value of Dogecoin is trading at the value of $0.003254 USD and its value is currently decreasing by -2.33%, but the BTC trading value of the currency is 0.00000029 BTC and its increasing by 0.35%. The market capitalization of the currency is $391,527,244 USD and the 24-hour volume of the currency is $33,271,184 USD.

Dogecoin Year-to-date Analysis: This year Dogecoin has been going great in the market. Dogecoin started this year with the value of $0.0023 and the currency experience decrease in few starting months. In the month of February, the currency was at its all-time low of $0.0018.

As at the month of April came the currency surged by 80.21% from the value of $0.0020 to the high of $0.0036. Unfortunately, the coin again dropped down and from $0.0036 it came to $0.0034, with the decreasing of 34.26%. In May again the value of Dogecoin goes up from $0.0024 to the value of $0.0033 increasing the value by 39.71%. A few days ago the currency reached up to the high of $0.0038 and the value increased by 41.02% as the value goes from $0.0022 to $0.0032.

The experts are predicting that the value of Dogecoin will increase in the coming future. The market is also expected to go up because of the leap in the value. The experts are predicting that the coin will achieve the value of $0.007 by the end of the year 2019 and the best investment in the coin would be a long-term investment.

Cardano Price Analysis and Prediction: The Currency is going down by 2%

Cardano Price Analysis

The cryptocurrency was recovering this week and going forward in the upper direction. The cryptocurrencies such as Bitcoin, Dogecoin, and USD coin is growing great in the market today. But, the other currencies than Bitcoin in the top 10 are not able to hold their pace in the upward direction and they are going downward.

The currencies such as Ethereum, Ripple, Litecoin, Bitcoin Cash, and Tron are going downward. The 11th position cryptocurrency Cardano is also suffering the pressure of the bearish correction. Yesterday, the currency has surged up to $0.082 from the value of $0.079, but later the fall back the value of $0.079. The currency has decreased by 3% at 08:50:29 UTC.

The market capitalization of the currency was at $2,063,601,407 USD and the 24-hour volume of the currency was $122,905,252 USD on July 09, 2019.

Current status of Cardano (ADA): At the time of writing, the currency is trading at a further declining value of $0.076817 USD and its value is decreasing by -2.45%. The BTC value of the currency is also decreasing by -7.44% and it is at 0.00000591 BTC. The market capitalization of the currency is $1,991,638,680 USD and the 24-hour volume of the currency is $102,110,614 USD. The circulating supply of ADA is 25,927,070,538 ADA. The ROI of the Cardano is 254.36%.

Clearly, the currency has even fallen more than its value of yesterday and the value of the market capitalization and the 24-hour volume has also decreased respectively. In the previous week, the highest value recorded at $0.083 and the anticipation was that the coin will move above the value of $0.084.

Cardano (ADA) Price Forecast: The value of the cryptocurrency Cardano is going down currently. The 4-hour value chart of the ADA/USDT is also below the bearish zone near the value of $0.080 support at 25 simple MA. There was an upside correction near $0.075.

The 23.6% Fib retracement level of the past main slide from the high of $0.0909 to low of $0.0757, but the upward trend was stopped at the $0.0820 level. The key bearish trend line creating with the resistance close to the value of $0.0800. The price also failed to examine the 50% fib retracement level of the past main high to low.

The value could revisit the $0.0760 or $0.0755 level and if the price break below the value of $0.0757, then the value could decline the support area of $0.0750. Then the price could find the major support at the value of $0.0732 and below this, the price could test at the value of $0.0715. If the trends go upside then the bulls need to make the trend line at the resistance level of $0.0820. The price is bearish so there are many obstacles in between near the next resistance levels of $0.0845 and $0.0850. The value must get settle above the resistance of $0.0850 pivot level a bring a good recovery in the trading value and then only the price could make up to $0.0920 and $0.0950.

Crypto Mining in the present market is something that you must be aware of

Bitcoin Price Prediction

A recent move by the Iranian government has grabbed the attention of the majority of the population in the market. The incident made its way to the headlines when the Iranian government decided to cut off the power supply to the local Bitcoin miners.

This incident is not only one of its kind but its actually a reminder that one can never even imagine when such regulatory laws can disturb the stability of the crypto market.

Brief Glance At the Entire Process of Crypto Mining

Crypto production involves machine equipment to work specially designed code to compete against different miners to solve mathematical puzzles. If miners get this contest, so they take this stop advantage of whatever crypto they are mining (blocking intervals are crypto-specific — some payout advantages every two hours, while cryptos like bitcoin, pay a block reward every ten minutes).

Crypto production is a relatively direct business from a value standpoint. The primary value is energy, as it takes a considerable amount of force to get all the production rigs. Thus, the most productive production processes are those in areas with cheap energy (lowers the price of running the rigs) and cold climates (lowers the price of cooling the rigs ). Iceland and Sweden (where hive’s new and future facilities can be placed) are perfect destinations as they have comparatively cold year-round climates and the abundance of affordable energy.

Crypto Mining and the Present Market

South Korea

It has been reported that crypto investors found at South Korea have begun to buy crypto production CPUs, with play graphics papers offered, in order to mine these cryptocurrencies named in the country’s exchanges.

The new cryptocurrency market correction was when hardware makers noticed The difference in great need was taking place. The 70% drop in the listed cryptocurrencies amount led investors to seek alternative ways of getting profits.

This information was reported by the local information outlet EKN. The representative from Jooyeon engineering, one of the most common options among hardware miners, has said:

“The versatility of crypto miners, which can be used as normal CPUs as well, Was also the cause for this increase in great need.”

Venezuela

But miners in Venezuela are taking advantage of this nation’s subsidized life, which makes it a good place to run the crypto production process.

Most of the machine hardware available is light (older desktop GPUs, primarily), then tech-savvy Venezuelans are setting up small-time production processes concentrated on some of those easier to mine cryptos (like Zcash ).

Is the Bitcoin Boom Imminent? Growth Predictions Suggest So

Bitcoin Price Prediction

Bitcoin has made a strong comeback after plummeting down from lows of less than the US $10,000 to now sitting comfortably above the $12,000 barrier. Bitcoin’s comeback has increased the already big hype around the currency’s growth figures which can go up exponentially at any time. Bitcoin’s growth trends this year have displayed a strong comeback after the massive drop at the end of last year which carried the bad omen till the start of 2019. While this growth has certainly been impressive, is it enough to take it to new heights?

Bitcoin’s Growth Data and Predictions

At the time of writing this article, the price of bitcoin is $12,629 and growing fast. The growth of the price has been a pickup from the last two days which has seen an increase in price. Also, the price of BTC has officially crossed its upper Vera band limit. This indicates a big spike up in price in the future. Bitcoin has followed a trend of breaching its yearly high once every month. This trend was started at mid-February and Bitcoin’s price hasn’t stopped growing. It was its highest price in mid-June, where it was being traded for $13,851 a piece.

The overall growth of Bitcoin has been above 250% this year. Following the trend of breaching yearly highs every month, the Chief Strategist of the Oanda Crop, Edward Moya has said: “Bitcoin looks like it could be coiling for a big breakout as institutional interest for blockchain technology shows no signs of slowing down.” Furthermore, on identifying the interest of the mainstream market in crypto space, Edward said: “The bubble-like gains this time are driven on solid institutional interest and while security is still a big risk, it appears Bitcoin has overcome many of its initial growing pains.”

The mainstream interest for cryptocurrency has created by Bitcoin’s growth and also fueled the price of Bitcoin. Also, mainstream platforms from different sectors coming into the crypto space like Facebook and JPMorgan Chase & Co. have increased the interest of it in the minds of people. Bitcoin’s price going down from this point onward will be absolutely absurd as more and more investors are coming into the market. Now, the only thing is left is to look at Bitcoin’s rally that is yet to come.

Ethereum Based Venture Cajutel Licensed to Become the Next AT&T of West Africa

To provide high speed, reliable and cheap internet to the underserved community in Africa, a new telecom start-up, dubbed “Cajutel Sarl” have emerged. Despite the raging odds of the regional conditions in West Africa, Guinea-Bissau, based Cajutel Sarl telecom startup has recently attained its telecom license to operate as an internet service provider in the West African nation. This implies that they can start working on their project to provide high speed, reliable and cheap internet to the underserved community in Africa. Cajutel used Ethereum’s blockchain and created digital shares of their company.

Moreover, this startup has been proudly awarded “Tier 1 ISP Data Services License for Sierra Leone” which was first announced by the founder and CEO of Cajutel via Twitter on June 28.

Cajutel to Bring New Revolution in West Africa To Attempt Internet Crisis

West Africa is looking for a telecom revolution breaking the odds of centralized monopoly, looking for a more decentralized unit to look after the country’s growing need of high-speed internet and to satisfy the needs Ethereum based telecom venture, Cajutel set to become the AT&T of Africa, breaking the stereotypes a decentralized AT&T.

Sierra Leone is a country with a population of 7.5 million, and that ranks closer to the bottom in world rankings of literacy, GDP per capita, and Human Development Index.

Sierra Leone currently has very unreliable and expensive internet, on average a person spends $99 per month for 5mbps internet. With the internet being so expensive, and the poor coverage of the country by telecom operators makes it difficult for users to use the internet and as more users joining the network will affect networks quality. Only less than 13% of the population is currently connected to the internet. Cajutel hopes to empower this nation by providing cheap, reliable and high-speed internet service which would enhance the nation’s education system and increase the GDP per capita.

How Is Cajutel Bringing Ultimate Solution to the Crisis?

Since there is no sustainable infrastructure that can be built upon or improved in the country and its neighboring regions, Cajutel will have to build everything from scratch which includes fiber wires and underground connections, etc from ground level. It has resorted to providing power to its systems through solar-panels as the local power is highly unreliable. Although this may increase the cost, it provides Cajutel complete autonomy of its resources.

Wikileaks’ Former Payment Processor’s Venture Awarded with ISP license to Disrupt West Africa’s Billion Dollar telecom Market

The Former payment processor of WikiLeaks, and the CEO of Cajutel, Andreas fink recently took his twitter to announce, that Cajutel is awarded ISP license to start operations in Sierra Leone.

Andreas’ Icelandic company, DataCell assisted WikiLeaks in credit card processing in 2010. They’re fighting with the centralised financial system from a long time, In an Interview with The Associated Press, CEO of DataCell Andreas Fink said: “I would seek damages from the American financial companies over their decision to block WikiLeaks funds. It’s difficult to believe that such a large company as Visa can make a political decision.”

In 2017, they launched an ICO named Cajutel, the name itself is funny but is based on Cashew nuts usually found in Guinea-Bissau. Cajutel is a Guinea Bissau based company under Swiss ownership. Its main purpose is to provide internet connection in Africa and mainly focused on West African countries. Cajutel is one of the many efforts to bridge the gap between the “digital divide” that Africa faces. Cajutel was started on 18 August 2017, where it started its project by an ICO, which launched a token for its funding. Since the ICO is over Cajutel seems to be performing well on Exchanges.

Cajutel’s Business Model

Cajutel was started as an effort to increase internet access in West Africa. For that, it started an initial coin offering (ICO) to fund its project. With increasing profits, it will provide dividends to its shareholders. Cajutel Business plan is targeting the price per token to reach $824. Cajutel wants to target the relatively untapped market of mobile phone internet access market. In Sierra Leone, the estimated number of mobile phones in use is in millions. However, only a meagre of few thousands have access to the internet on their mobile phones that also in very low speed.

Cajutel is looking to close this disparity and get as many users as possible. In addition, it looks to target one of the biggest problems that have lead to negligent internet access throughout Africa, expensive internet. Internet service prices are so high in Africa that the idea of the internet being a basic human right has been obscured. Internet price in Sierra Leone is the US $60 per month for just 300 kbps. For that price, one can get 100 Mbps fast access in the US.

Cajutel’s ISP License – A Catalyst for Development

This step itself was a major game changer as no other competitors even thought about it as they were too busy in capturing new markets to monopolize. While this was a great move in retrospect, Cajutel still has to balance the pricing with proper speeds. Due to providing such lucrative services at prices lesser than anyone else provides in the market, they could capture the market by storm.

Masterminds of enormous crypto crimes and scams finally caught by the Israeli Police cyber unit

While the crimes in the crypto world are increasing with every passing day, the anti-crime officials are also playing an imperative role to keep things within the control.

As it can be quite firmly said that it’s really hard to forget one of the most infamous crypto crimes that shocked the entire crypto market. Yes, the incident that took place in early 2016 when the infamousBitfinex theft of 119,756 BTC undoubtedly questioned the security as well as privacy factors of the crypto market.

Well, it actually turned out to be good news when it turned out that the two brothers, Eli and Assaf Gigi have finally been arrested by the Israeli Police Cyber Unit.

The Deeds of INFAMOUS BROTHERS

These were in fact that the two major contributors in much multi-year phishing scheme. Not just this but they were the ones who also participated in the 2016 hack of Bitfinex. Moreover, they have also been reported for stealing more than $100 million in cryptocurrency by Ynet, the Israeli news outlet.

It’s not over yet. Since the two brothers, i.e., Eli who is 31 and Assaf who is 21, in fact, build an incredible phishing scheme that involved gaining the best attention of investors from renowned platforms like Telegram as well as Reddit onto websites that mimicked prominent crypto exchange.

Moreover they also somehow managed to collect the traders’ login as well as wallet information. They would further use it to transfer funds into their own accounts.

Litecoin Drops from Massive Growth Rally, But Expects Growth Ahead

Litecoin Price Prediction

Litecoin, the forefront crypto in terms of growth, has fallen down the past week. Litecoin has grown more than three times its price from the start of the year and was looking to continue its bullish form.Litecoin’s growth has been one of the most impressive this year, even rivaling Bitcoin’s insane rally right now. While Bitcoin still looks forward to bullish tendencies, Litecoin has fallen down in price and volume.

Litecoin’s Price Drop – In Numbers

Litecoin, which was trading at the highest amount of US $145, dropped to $130. The market predictions are looking to be of bearish sentiments. These bearish drops predict that the price can drop to $120, where $130 is acting as a psychological barrier. It can also drop as low as $112 if bearish sentiments are dominant. All these predictions are in accordance with simple moving averages. The bullish sentiments predict that it can still soar up to $140 and can break its $145 barrier.

Litecoin’s Reason For Sudden Price Fall

The reason was Litecoin’s insane growth was the halving event it will have on 8th August this year. The halving event basically means all the rewards will reduce to half for the same amount of mining. So, investors have been nonstop mining for accumulating before this halving event. This halving event will result in the scarcity of Litecoin in the crypto market, so investors are mining in anticipation of a price rise in the future.

While this explains the price rise of Litecoin, the sudden fall of Litecoin has the crypto communitypuzzled. It’s rally predictions weren’t showing any signs of a pullback in price. This price fall can be due to a reason. The reason can be the market fatigue of Litecoin. Only a limited number of investors can invest in a specific amount of time. So, it can be that no new investors are looking to mine this altcoin which created a decrease in demand.

Bitcoin’s Ominous Growth Before The Big Bull Run Gets Halted

Bitcoin Price Prediction

Bitcoin has been creeping up the charts in terms of growth and has become the centre of the crypto world after 2 years. This growth of Bitcoin after crossing the US $10,000 barrier was speculated as setting up the initial pace of a bull run or climax run, but it has been stopped dead in its tracks by the price going down from a high of $13,950 to just touching the $11,000 barrier in a day. This has not been good news for Bitcoin as suspicion of many investors of the Bitcoin bubble before it blows up has more or less been confirmed.

Why The Price Went Down

Bitcoin’s price went down from $13,850 to higher values of $10,000 in a matter of 24 hours. This kind of growth isn’t favourable at all as the recovery of this can be a mountain climb ahead. Bitcoin is still tanking now and not looking to stay up. The price went down from $10,947 to $10,737 in a matter of minutes while writing this article. The reason behind such bearish behaviour of the price can be sighted to multiple incidents.

Firstly, the main reason for Bitcoin’s price increase was due to Facebook announcing the launch of its own cryptocurrency next year. This crypto will be called Libra (named after the project on which it was established and also scrapping the terrible name GlobalCoin). The announcement had boosted Bitcoin’s growth and helped it break the $10,000 barrier. Now, the hype is down no more new investors have come to buy Bitcoin and that has led to stagnancy in the market.

Also, some sources sight to the price is down due to the Coinbase website going down. According to CNBC who got in contact with a Coinbase spokesperson the site was down for a small period of time due to “high volume”. The price was also down due to investors cashing in at the highest price. Whatever the reason may be, Bitcoin’s comeback (if there is one) from this slump would be legendary.