Is the Crypto Market visiting Rally all over again throughout 2019?

Since the costs of cryptocurrencies had their bottoms throughout the last year in Dec, the entire market was on a decent run. First, the capitalisation surged from $131 billion at the beginning of this year, to this $142 billion. Trade volumes conjointly rose everywhere the board, as a results of the upper commercialism activities.

The commercialism volume of BTC, ETH, and XRP higher than in 2018

Most of the exchanges currently have additional commercialism volume that within the half of last year once the pessimistic run worsened. we will simply say that the optimistic run since Dec of last year was primarily driven by speculative market sentiments.

The entire volatile spikes were way rarer compared to the 2017 optimistic moves. Hence, it's not entirely positive that this recovery is that the primary market recovery that is anticipated. because the costs are currently resisted from creating some higher highs since Dec and Jan highs, plenty of queries are asked once more on however long this recovery goes to last.

Recently, there was positive news round the market. The less dominant cryptocurrencies also are creating a fair higher run than the massive 3, that are Bitcoin or BTC, Ethereum or ETH, and Ripple or XRP. The trade volume of Litecoin or LTC hit 450%. Market cap virtually tripled and recovered over a thousandth worth gain this year.

Will costs come to late 2017 levels and beyond?

EOS, Stellar, Cardano, in addition as alternative altcoins, have had right moves too. In recent times, BTC and LTC were adopted by the govt. of South American nation, to create remission payment, whereas XRP was with success integrated with WooCommerce with potential usage by over three million internet house owners on the platform. eToro conjointly has some plans to adopt the payment platform of Ripple, the xRapid.

The business executive of Twitter, named Jack Dorsey, announce crypto engineer jobs for payment app sq. even the weekend. The business gets additional adoption by the day, and it's conjointly expected to grow. This accumulation of approvals goes to draw in the massive guns that are visiting spike the capitalisation all over again, in addition as drive vast volumes that are visiting cause some higher costs. However, will costs come to late 2017 levels and beyond? Most positively they're going to. But, it's exhausting to understand the time this is often visiting occur.

From the angle of ‘Hodling,' the run from at once continues to be quite tiny compared to the larger image. Unless costs come to the pre-November flight zone, verbalize recovery are premature. Aside ‘Hodling,' traders may additionally  profit of the speculating short market moves.

CFD crypto commercialism currently on the market

CFD cryptocurrency commercialism is currently on the market with another crypto exchanges and CFD brokers too. Traders might profit of the worth movements in either direction with moderate leverage instead of looking ahead to the subsequent optimistic part solely. Most of the traders that have interaction in CFD cryptocurrency commercialism build use of technical analysis. Below are the BTC technical analysis and vital worth levels from the Elliott wave perspective.

The price progressing from 3121 low with a corrective zigzag pattern was shown. The zigzag is likely the fourth wave of the pessimistic run since the flight in Nov. Right now, the worth is advanced toward 4069 resistance.

A break regarding ought to cause some further rallies to retest 4190, and 4239 resistance before creating a replacement high at 4500-4700. we tend to are visiting see what's going to happen next.

The Relationship Between Cryptocurrency and Gold Grows Every Day

Bitcoin or BTC is in another slide, as it has lost $50 in trading value so far this week. It is actually a continuation of a 13-month trend which saw BTC lose almost 83% since its peak value – more than $19,000 in 2017, in December.

Bitcoin is not the only cryptocurrency that slides nowadays

The crypto-market watchers recently stressed the significance of resistance levels in stemming the losses, with about $3,000 given as a floor recently. Now, Bitcoin is testing $3,400; the coin has not traded above $4,000 since the 9th of January.

However, Bitcoin is not the only crypto that slides these days, nor is its total loss the most spectacular one. XRP, which is the trading token of the Ripple Network, slipped from 40 cents on Christmas Eve to about 29 cents yesterday, and it is down 89% from its peak – the 3rd of January, 2018 – of $2.73.

On the other hand, Ethereum or ETH trades at $105, which is its lowest level in more than one month, and it has lost about 29% since peaking at $1359, also in January of last year. The three are the giants of the cryptocurrency market, and they hold a combined $99 billion of the $113 billion total market cap of the industry.

It is fair to say that if they are plummeting, then the crypto market is also falling. The big-league players now test their resistance, probing their lower limits, and feeling the floor. Regardless of the idiom you choose, it means that the bear market may be here to stay forever.

So, if cryptocurrency investors get their money out of the crypto-coins, where are they putting it, and why is that so? The CEO of Van Eck Associates, named Jan van Eck, believes that he knows the answer. He said that they just polled 4,000 Bitcoin investors and their number one investment for this year is gold. So, gold lost to Bitcoin in 2017, but now it goes in the opposite direction.



Investments turn to gold

When Bitcoin peaked at the end of that same year, the gold has been trading at $1,256. The charting patterns of the gold are different from the ones of cryptocurrencies and the precious gold bottomed out this last August at $1,174.

According to the price of nowadays of $1,307, the gold is higher than it was in December 2017, and it is 11% higher than in August. Shortly said, the gold is up while the crypto is down.

This move to gold makes a good sense after all. Gold was always money, the medium of exchange and the store of value which people trust in. Its combination of portability, rarity, as well as durability makes it trustworthy in that role.

However, in the last quarter of 2017, crypto took off. We may all remember how it quickly rose to dizzying heights.

Crypto drops and investors pull their money out of it. It is in a prolonged bear market. The gold gains and is always reliable money – it looks like crypto investors have gotten a good lesson in recent months about the significance of having such a store of value.



The real needs of traders and investors
All of that is bringing up the question: How long before crypto investors see the obvious and begin trading gold on blockchain as a stablecoin? Bring the transaction speed and security of the blockchain and utilize it to trade gold, putting something substantial behind the crypto-coins. Is that actually a future?

There is many gold-pegged blockchain crypto-coin offering which already available. The DGX or Digix Gold token is a typical example of the score or so of ‘gold coins' coming into the markets. This token is based on the technology of ETH. Pegged at a rate of 1 DGX to 1 gram of gold, and it is backed by real gold, kept in a secure location. DGX has been launched in September of last year, and it is trading at $42.85. Each of the tokens represents ownership of one gram of the stored gold and is redeemed in metal.

The co-founder of Digix thinks that a gold-pegged coin is going to bring much-needed stability to the volatile crypto markets. The people appreciate hedging in economic uncertainty. Crypto winter is probably going to last throughout this year, and the tokens will likely fare well during that period.

Definitely said, the things from above are the only speculation. The markets will decide what to do, on the basis on what the traders say they want. Experience has also shown what traders, investors, merchants, as well as customers really want. It is simple: they actually wish to secure finances, as well as a reliable way to store their money, At the moment, we see the early stages of a new evolution in both, and market players are groping their way through a maze of assets, fiat money, commodities, as well as cryptos.

The City Tsukuba in Japan Incorporates Blockchain Technology in Voting System

Now, the first Japanese city to test a voting system which incorporates blockchain technology is Tsukuba.

Incorporation of blockchain technology into voting systems

From West Virginia to Switzerland, the establishment of blockchain technology into voting systems created a buzz. Now, Tsukuba is the first Japanese city that continues the trend.

As Japan Times posted, a new online voting system which incorporates the technology of blockchain was introduced to let citizens vote for different social contribution projects proposals.

Project proposals actually included the creation of a new cancer diagnostic technology, the introduction of a mystery solving game for cheap entertainment, and the construction of a system in order to help manage outdoor sporting competitions.

The new voting platform was primarily based around the "My Number" identification system of Japan, which actually gives all residents in the country a 12-digit identification number.
The Japan officials hope that this is going to make administrative processes easier while cutting down crimes such as tax evasion. On the other hand, some of the citizens are worried that the whole concept erodes their sense of essential privacy.


It is not always a seamless process

Tsukuba Mayor Tatsuo Igarashi noted that casting his vote with the new system was rather easy, despite the worries that it is going to involve more complicated procedures.
But, the system was not without some hiccups. 

Citizens had the ability to vote by computer after letting a card reader scan their My Number card while blockchain has been incorporated to help safeguard the voting information from fraud. However, some said that it was difficult to see if a vote has been counted.

Despite some of the problems which were seen in Tsukuba, the blockchain-based voting process was catching on as more and more locales all over the worlds start to experiment.


Making history with blockchain voting systems

The town Zug in Switzerland made headlines this summer after it completed a trial of the blockchain-based voting system. Dieter Muller, the city communication chief said that the first test was a successful one, as those that chose to participate found the actual voting process to be relatively simple.

About one month earlier, investors at the annual general meeting of Santander Bank also had the ability to cast votes through a blockchain-based system.

In March this year, West Virginia tested out a blockchain-based mobile voting application. The idea actually was to give out-of-state military personnel a way to vote to vote in elections easily quickly.
The Secretary of State of Virginia teamed up with Boston-based startup Voatz to make the application available for qualified personnel.

There was one moment in which purported blockchain-verified voting was merely fake news. Initial reports out of Sierra Leone in March this year said that officials worked with blockchain startup Agora to confirm votes in one region of the country.

The National Electoral Commission of Sierra Leone then fired back, writing about their use of an in-house database in order to compile election results. The Commission has said that blockchain was not utilized in any part of the electoral process.