The short-term picture for some of the coins looks green as they are recovering from the fall, albeit, by small amounts. The cryptocurrencies are yet to recover from the loss taking into consideration the statistics of the last 24 hours. Today’s market is characterized by high volatility and price movements with a downside momentum. Bitcoin and TRON dipped hard by 4.44% and 7.31% respectively in the last 24 hours. While Bitcoin’s price continues to fall, TRON and the others are gaining some momentum.
After conducting an in-depth discussion with a panel of experts and based on the interviews with a group of investors, miners, journalists, skeptics, and influencers, we have carefully structured this segment called the sentiment analysis. From the numerous pieces of advice and opinions offered by the experts, we have selected a few and have quoted here in this segment. These include sentiments from people across the globe and the present market trends. This analysis is on the cryptocurrency Verge which is at the 20th spot in the rankings.
Verge [XVG] has literally pulled off a miracle by fighting hard in the midst of deep peril. Verge has suffered an attack from an unknown hacker who exploited a bug in the Verge cryptocurrency network code to mine Verge coins and has had it for a time period of 3 hours. However, the Verge team responded by initiating what is known as the ‘accidental Hard Fork’ in response to the hack with was supposed to be a fix done by Verge. Despite all these issues, the price of Vege still looks green and has an upside momentum.
The coin at 3:14 PM UTC was priced at $0.068 with a market capital of $1.019 billion. The coin peaked an intraday high of $0.0735 at 8:49 AM which rose from a price range of $0.067-$0.068. Although the coin is back in this price range the community is bullish.
Patrick Ney, an expert from Perth says:
“After finishing up a long bullish pennant ABCDE patter, Verge is looking strong against the BTC pairing and it is displaying a potential golden cross at 50/200MA. The coin is currently experiencing a buying pressure on the Binance exchange platform. As more and more buyer pour in the prices are expected to fly high.”
Mathew Woody, an altcoin investor from Philadelphia says:
“There was a prolonged decent from the all-time high over Christmas which has been 3 months now, Verge seems to be changing into a bullish channel after retracing to 0.786 fib levels. Key supports at 500 Sats and 360 Sats are found in the upcoming channel.”
Donald Buckmiller, a correspondent from Fort Worth says:
“This seems to be a terrific phase for Verge as none of the coins would be able to withstand a hack and a Hard Fork together and still maintain a steady price. This can be compared to Bitcoin’s resistance to the formation of a death cross.”
To conclude, 71% of the Verge respondents feel that the future looks good enough for Verge and it seemed to have pulled through the worst times. Another 29% of Verge respondents feel that the coin’s statistics are not good enough to give it any long positions.
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Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
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