Ripple Price Technical Analysis – XRP/USD Remains In Uptrend

Key Highlights Ripple price traded to a new monthly high above $0.2900 against the US Dollar. There is a key bullish trend line forming with support at $0.2500 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might continue to trade higher towards the $0.2800 and $0.2900 resistance levels. Ripple … Continue reading Ripple Price Technical Analysis – XRP/USD Remains In Uptrend

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Bitcoin Price Technical Analysis for 10/17/2017 – Ascending Triangle Pattern

Bitcoin price has formed an ascending triangle on its 1-hour time frame while waiting for more bulls to sustain the climb.

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Bitcoin Cash Price Technical Analysis – BCH/USD Neutral Above $300

Key Points Bitcoin cash price is holding the $300 support against the US Dollar and is trading in a range. Yesterday’s highlighted contracting triangle pattern with current resistance at $323 holds the key on the hourly chart of BCH/USD (data feed from Kraken). The price is likely to remain in a small range before making … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Neutral Above $300

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CryptoFriends Blockchain Meetup in Barcelona Reviews ICOs, Builds Connections

CryptoFriends meets in Barcelona with big names in Bitcoin and Blockchain, reviewed entrants to their next Hypethon event.

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Sponsored PostHow investors can earn money in the $2 billion market of eSports

The international industry of eSports ranks among the world’s most rapid growing and highly profitable markets. Many of the business sharks and heavyweight investors such as Tencent, Amazon, Alibaba, USM Holdings, Warren Buffett, have already come up with investments into eSports in their attempt not to miss the developing market. The average annual growth rate amounts to 37%. It is expected that the eSports market will come ever closer to $2 bln in 2018.

A team of experienced developers who have already participated in successful projects such as GNOME, OpenVZ, FreeBSD, is creating the first decentralized eSports platform that complies with the worldwide standards of the eSports federations, WESA and IeSF. In cooperation with the Twich and Civic companies, and also with active cooperation of the world’s best eSports teams from the Top-10 rating, they are ready to become the leading platform in the $2 billion industry of eSports.

The existing platforms involve serious problems for the players. There are frequent downtimes and errors on the servers. The resolution of game disputes sometimes depend on persons who are in collusion with the opponent. Most companies are under total control of their owners, and the users’ deposits are often confiscated or fall into hackers’ hands. The World of Battles decentralized gaming platform solves all the existing problems: eliminates network downtimes, checks the results of the games resolving disputes automatically, and safeguards the users’ money. These innovations significantly enhance the quality of eSports. They will make game playing completely automated, more secure, and much more pleasant.
World of Battles presents a platform where everyone has an opportunity to show their skills fairly and to build a career as a professional gamer.

The World of Battles breakthrough platform created on the basis of Ethereum’s smart contracts gives everyone an opportunity to compete in popular online games such as Hearthstone, League of Legends, Dota 2, CounterStrike: GO, StarCraft 2.

The World of Battles platform is already functioning, and the project’s team, having attracted $3.7 million, is launching their own ICO for the further development.

“We can see that all the eSports platforms are at the very start now, and they are no competitors for us, as we have approached the finishing line with a practically ready product that we had worked at for more than a year and a half“, Makoto Takahashi to Crypto Insider.

The World of Battles’ ICO for selling WoB tokens opens on October 17. The application is based on blockchain and Ethereum’s smart contracts. Alpha testing of the World of Battles took place in February 2017. The public release of the World of Battles’ beta version will go out in December 2017, more than 450,000 players have already completed their registrations.

World of Battles is starting an active cooperation with the largest international eSports federations, WESA and IeSF, in the forthcoming world championships, and also intends to become the main partner of the 2022 Asian Games.

 

  • Basing on the opinions of the industry’s lead analysts, the project’s founder Makoto Takahashi expects the World of Battles’ income from holding contests and advertising in 2018 to be no less than $83 million (see the Table).

 

 

Game Number of players per day Potential income
League of Legends 29,000,000 $56,550,000
Hearthstone 11,000,000 $21,450,000
Dota II 1,300,000 $2,535,000
CS:GO 800,000 $1,560,000
StarCraft 2 550,000 $1,072,500
Total 42,650,000 $83,167,500

World of Battles, the first decentralized eSports platform where the entire process is absolutely transparent and inaccessible for third-party interference, makes it possible to protect the players interests and to determine the winner based solely on their personal skills. Automatic winner determination and award distribution, start of direct broadcasting to Twitch in one click.

“We have taken the strategic decision on exclusive cooperation with the leading stream video company, Twich. This step will allow for reaching the maximum eSports audience throughout the world”, Makoto Takahashi says.

The main forthcoming events
Conducting of the ICO — starts on October 17, 2017
Public beta testing (more than 450,000 players have registered) — December 2017
The official release of the platform — 22/02/2018
Holding an international tournament with $500,000 prize pool — March 2018

The World of Battles company oriented at becoming the leader in the growing international market of eSports that is reaching the $2 billion mark, will cooperate with Civic to ensure that their users are provided with a reliable and decentralized technology of identity verification complying with all the laws and requirements in force in the world.

We are on the threshold of the future in eSports

World of Battles is the most anticipated eSports platform of 2017. The absence of competition, the open cooperation with Twich, Civic, the WESA and IeSF international federations, and also the support from the world’s eSports stars, will turn around the most fast-developing industry in the nearest time. Listing on the largest exchanges (HitBTC, Poloniex, Bittrex, Binance) within 30 days after the end date of the ICO is guaranteed. Due to the great number of requests for participation in the ICO, the World of Battles team is planning to sell all the tokens within the first hour with maximum bonus for the investors.

Featured image from Caspar Rubin on Unsplash


Disclaimer: Crypto Insider does not necessarily endorse any of the content of this article. Individuals take full responsibility for their own actions and due diligence is advised.

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Daily Market Report for October 16 2017

October 16 2017 
KRAKEN DIGITAL ASSET EXCHANGE
 $146M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP 
ATH! 
BTC 
$5,708 
↑3.94% 
$54.9M
ETH 
$334.2 
↑1.72% 
$44.8M
XRP 
$0.2622 
↓1.02% 
$21.6M
XLM 
$0.0388 
↑107.4% 
$10.6M
LTC 
$64.68 
↑2.05% 
$5.52M
BCH 
$312.83 
↑0.98% 
$2.94M
ZEC 
$235.7 
↑2.89% 
$1.06M
XMR 
$94.63 
↑2.91% 
$938,728
USDT 
$1.00 
→0.00% 
$882,450
DASH 
$300.4 
↓0.74% 
$774,116
ETC 
$11.87 
↑0.59% 
$566,911
EOS 
$.56 
↓1.75% 
$308,964
ICN 
$1.420 
↓2.74% 
$302,828
REP 
$19.12 
↑5.75% 
$225,925
DOGE 
$0.0011 
↑4.12% 
$127,635
GNO 
$85.6 
↑3.71% 
$94,321

Visit the About section on our blog for more information about the Kraken Daily Market Report here.

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Cathie Wood: Bitcoin ETF Could is Close

CEO of ARK Investment Management, Cathie Wood made some bullish comments about Bitcoin on Bloomberg earlier today. She believes that it’s only a matter of time before an Exchange Traded Fund is approved but we should expect to see closed-end funds much sooner. I wouldn’t be surprised if we saw a closed-end fund before a bitcoin ETF. … Continue reading Cathie Wood: Bitcoin ETF Could is Close

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Weekly analytics- Technical Analysis Based on Breakout – Long ASX

Long ASX
Long ASX
Technical Observation
As I said on last week's forecasts, Australian index rose tremendously to the upper side following the bullish pin closing above 5658.7. Last week, this index rose further than expected and even broke out above the daily resistance level 5809.2. This is a bullish dominance sign, and as long as the price remains above 5809.2, I'm patiently waiting for a minor pullback to the just broken zone to pick a long position with my take profit set at 5969.9. If the price close below 5809.2, then a short position towards 5658.7 will be expected.

Technical levels:

Resistance levels
 

R1: 6001.1

R2: 5496.2
 
Support Levels
 
S2: 5692.3.
 
S1: 5500.0
 
Trade Signal
Wait for a retracement to the just broken line to buy this index towards 5969.9
German Stock index still to rise
Long ASX

Technical Observation:

Recently, the German stocks index Gapped above a key weekly resistance line 12851.0 and is still rallying above. This gap above a major resistance line is an indication that bulls are in complete dominance, thus, further upward rally is still expected. That said, I 'm waiting for minor pullback towards 12942.2 to re-buy this stocks towards 13000.00. If the price go below 12942.2, then the price could continue to plummet towards 12851.0 where I'll be waiting for buy position. On the way upwards, key resistance lines can be seen at 13461.0 and 14109.00
Trade Recommendations:
Wait for minor pullbacks towards 12942.2 to buy DAX30 towards 13461.0
BitCoin could still be rising
Long ASX

Technical Observations:

Recently, Bitcoin spiked upwards and even made a fresh highest high and even closed above the resistance 4856.79. The previous drop in Bitcoin's price was based on rumors, and now that the Chinese Government will not be placing any ban on Bitcoin trading, Bitcoin could surge even higher towards 6000, to 7000 and even higher 15, 000 in the near future. As it is, if Bitcoin can pullback towards 4856.79, then this will be a very good place to buy it with a take profit above 6000. At the moment, sell positions cannot be recommended.
Trade Recommendations:
Remain long with a target above 7000

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Can QUOINE Provide the Missing Link in the Crypto Economy

n Liquidity is the missing link in the Blockchain-powered crypto economy. Find out more.n

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Ethereum Hard Fork Happening Now – User Advice

n The Ethereum hard fork Byzantium is about to take place on Oct. 16, and users are advised to upgrade their clients - upgrade links included!n

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