Bitcoin, Ethereum & Litecoin – American Wrap: 4/13/20

Bitcoin, Ethereum & Litecoin - American Wrap: 4/13/20

Bitcoin has made a lower high on the 4-hour chart after rejecting the 55 EMA on the daily timeframe. Zooming in on the 4-hour now the lower high that was created and it stopped exactly on the 61.8% Fibonacci retracement. Now tracking the projections lower, the extension of 161.8% confluences with the 61.8% of the larger wave in blue. This makes the zone very strong and the probability of the target being tested is now higher. 

Ethereum price is trading in the red by 3.35% in the session on Monday. 

ETH/USD is back under pressure by the bears, with the critical $150 at risk of a breach.

The next major area of interest to the upside for the bulls will be eyed at $200. 

Litecoin price is trading in negative territory by 0.30 % in the session on Monday. 

LTC/USD has lost upside momentum over the last five sessions. 

The bulls failed to break down the supply in a run into the $50 mark, inviting more downside pressure. 

Image sourced from Pixabay

Source: www.benzinga.com

Author: FXStreet , Benzinga Contributor

 

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XRP Euro BitStamp (XRP EUR) Course - Investing.com

XRP Euro BitStamp (XRP EUR) Course – Investing.com

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    Source: de.investing.com


    XRP Euro BitStamp (XRP EUR) Course - Investing.com

    Reddit to Bring an Ethereum-Based Rewards System | Finance Magnates

    Reddit, a content aggregator website, is working on a blockchain-based points system to reward its communities.

    Revealed by a Reddit user “MagoCrypto”, the so-called “community points” will feature a new subreddit system, giving extra benefits to the users of the platform.

    The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation

    According to the post on the “Cryptocurrency” subreddit, the new rewards system is based on Ethereum blockchain.

    My favorite proposal for a simple meaningful ethereum integration @reddit could do was one of @virgilgr‘s ideas: they should allow subreddits to set an arbitrary smart contract address as their moderator

    This would allow unbounded experimentation in DAO-like moderation policies.

    — vitalik.eth (@VitalikButerin) April 10, 2020

    If Time is Money, Why Don’t Funds Move Fast Enough for Traders?Go to article >>

    Confirming the prospect, a Reddit spokesperson said: “We continuously experiment with ways to support communities on Reddit. In this instance, we’re working with one community to test a feature that represents a user’s involvement in a community. We value and seek out community feedback as we continue to explore features that engage our users and communities.”

    The spokesperson, however, did not say anything about the usage of Ethereum.

    Reddit is one of the favorite platforms for crypto users with many subreddits for discussion on specific topics.

    Now, the platform’s pilot for a new rewards system is not an abrupt decision as it was mulling for the same for a while.

    “Points are a measure of reputation and contribution within a community. To highlight the most important members of a community, points balances will be displayed next to usernames on posts and comments in the subreddit,” the FAQ section in the Reddit post detailed.

    Reddit already awards Karma to its users for engagement on the platform, but that only shows the reputation of the user on the platform, nothing else. With the new rewards system, Redditors will have points with real value.

    “Users can spend Points to buy Special Memberships in their community. A special membership unlocks exclusive features in the community,” the post detailed. “The points are destroyed (“burned”), making everyone else’s shares of Points go up. This ensures that buying memberships rewards the community as a whole.”

    Source: www.financemagnates.com

    Author: Arnab Shome


    Bitcoin, Ethereum & Litecoin - American Wrap: 4/13/20

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