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The Best Bitcoin Casinos for 2019

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The whole point in cryptocurrencies (especially Bitcoin) is, quite simply, to do away with physical money once and for all. Is that overly ambitious? Maybe, but that was the stated objective announced by the mythical (and still unknown) Satoshi Nakamoto as he brought the world’s first blockchain network and digital asset online.

So if Bitcoin is going to substitute money, one of the things you must be able to do with it is to gamble. And it’s happening. Indeed, the blockchain industry would probably not be where it is today without online gambling sites powered by Bitcoin. Even in new blockchain networks such as EOS or Tron, the decentralized applications activity is dominated by gaming sites.

If you should think that this is too much of a specialized use case, well, maybe it is. But it’s one of the uses fiat currencies have all over the world and, over the last few years, many Bitcoin casinos have been incredibly successful.

There’s no shortage of Bitcoin-based gaming and gambling platforms. In fact, the number of available websites for this is enormous. In this article, we’ll offer you a bit of context for gambling with Bitcoin, and we’ll tell you about four Bitcoin casinos that w consider to be the best ones so you can choose the one that suits you better.

Also, in the last section, you’ll find a list of Bitcoin dice games which you should try out if you’re interested in gambling at a game in which the odds are closest to being mathematically fair.

Before we start, just a friendly reminder: before you proceed you need to make sure that gambling online is legal in your home country.

What is Bitcoin Casino?

Well, BitCoin casinos are basically just a website, just like any other traditional gambling platform. The main difference with BitCoin casinos is that they allow you to fund your gambling with cryptocurrencies (yes Bitcoin, but some others too in many cases).

As a matter of fact, some of these sites don’t take fiat currencies at all. This is not a dogmatic thing. There are real advantages in avoiding transactions in physical money: cashouts are faster, deposits are faster too, and the whole experience is more seamless in terms of usability.

Additionally, the irreversible nature of payments in cryptocurrencies obviates the “Know Your Customer” (KYC) process which is now the rule in traditional gambling sites and that can be very cumbersome, even a little intrusive.

But you could still need to provide some kind of identity verification, especially if you’re lucky enough to earn some big wins. That being said, 99 out of every 100 users have no problems at all in this regard.

Are Bitcoin Casinos Legal in the US?

Well, it’s not forbidden. The current regulations in the US say nothing specific about cryptocurrency gambling, and most certainly, it’s never been declared illegal at all. Online gaming, however, is restricted and regulated in most states in the union.

Laws haven’t caught up with the times to include the blockchain aspects of gambling explicitly in any way. In the whole of the country, only three states allow for any kind of gambling activity at all. Those states are Delaware, Nevada (home of Reno and Las Vegas) and New Jersy (home of Atlantic City), so no surprises there.

Some of the world’s casinos just play it safe and block most of all of the US IP addresses, but that has everything to do with gambling and nothing to do with digital assets per se. In short: there’s no reason to believe that gaming using cryptocurrencies is illegal in the US so far.

The BitCoin Casinos: are they provably fair?

Let’s start by clarifying what “provably fair game” means. It’s a game in which a third party verifies that the game was fair and that the casino isn’t messing around with users by manipulating the process or the results.

All the casinos in our list have a provably fair game section. If this is a subject that makes you a bit paranoid and you feel that BitCoin casinos are cheating you out of your winnings, then you should choose one of the casinos in which fairness verification is most straightforward.

Why choose a Bitcoin Casino?

There are three excellent reasons to gamble using Bitcoin Casinos. Anonymity, probability, and speed. Traditional online casinos have “Know Your Customer” programs (KYC) in which they require their customers to disclose some critical vital stats and personal information. This is cumbersome, and it verges on the intrusive at times.

You end up giving them all of your payment details and every bit of personal information that can pinpoint you anywhere in the world. Not so with Bitcoin Casinos. These platforms don’t ask you to disclose any personal information at all (few exceptions could apply if you score some big wins)

Then there’s the provably fair game factor. Most Bitcoin casinos offer provably fair games. This is a trend within crypto gambling that seeks to ensure fairness and transparency. You’ll hardly ever find that in conventional betting websites.

And, the other advantage is the speed. Some crypto-based casinos also accept fiat currencies, but if you deal in digital assets only, cashouts are very fast, seamless, painless. You get your money out in minutes instead of days, and you don’t have to keep checking your bank account to be sure you got paid.

So what is the house edge for this kind of casino?

For the casinos in this list, the house edge can be anywhere from 0.5% to 2%. It’s not so much about the casino but about the particular game you’re playing. It’s a remarkably low margin if you take into account that, say, slot machines in Las Vegas take 10%, and traditional poker can take up to 5% depending on the precise kind of card game you want to play.

So the house edge for Bitcoin Casinos is actually quite low when you compare it with conventional casinos. This has everything to do with the fact that they are based on cryptocurrencies. That way the costs to transact payments are much cheaper than in traditional fiat currencies. So that lower overhead in payment handling allows the house to keep its edge much lower.

Dice Games and Cryptocurrency

Cryptocurrency dice games are just a subset of the games offered in online BitCoin casinos. Dice games are trendy because being based on dice (obviously), the odds involved are quite easy to understand. An ordinary dice game can be as simple as this: you pick a number, roll the dice, and if your number comes out, you win. You lose if the result is any other number.

Even in traditional casinos, dice games is where the house takes the smallest edge. In some individual cases, the odds are mathematically fair (which means that there’s no house edge at all). The variety of dice-based games is immense so you can find the one that suits your taste for risk. And some of them allow for a high number of micro bets if you like that kind of thing and try out some kind of a strategy.

Most importantly: most of the games in BitCoin casinos are provably fair (the chances are that all games in crypto casinos are indeed fair), which means that the operation’s validity is valid and you can be100% that the house is not cheating on you.

This article’s final section provides you with a list of interesting crypto-based dice games.

And now, for the list:

The Four Best BitCoin Casinos

Fourth: mBit

In an environment in which almost everything is new, mBit has antiquity going for it (in so far as that is possible for a technology that’s barely a decade old). It’s one of the oldest Bitcoin casinos in the world.

The company is based out of Curacao, in the Caribbean sea, so it follows the gambling restrictions, requirements, and regulations of the island, which, by the way, are quite generous as is apparent from the vast number of casinos based there. It also means that it’s a legal entity. The company’s main selling point is its increasing range of games, live dealer support, and a handsome deposit bonus.

The downside (if you can call it that) is that it accepts Bitcoin only and it has no plans whatsoever to broaden its business by including any other digital asset. That could change in the future, of course, but for the time being it’s Bitcoin or nothing.

Third: FortuneJack

This is another Bitcoin gambling platform that has earned respect and a good reputation in the community. It’s unsurprisingly based in Curacao as well. FortuneJack tries to attract as big an audience as possible by supporting hundreds of different games, so there’s something for everyone. As an additional advantage, it also accepts Litecoin and Dogecoin, which gives it a bit of a competitive edge compared to its competitors.

Second: BitStarz

This is the big one. In terms of popularity, this is the biggest BitCoin casino in the world by far. If you haven’t guessed where it’s based, well, let us tell you: it hails from Curacao (are we detecting something of a trend here?).

It features more than a thousand games in its platform, and it keeps adding new ones regularly. It stands out from the rest for several reasons. It supports several altcoins as well as several more traditional payment methods.

While this is a bit eclectic for a so-called BitCoin casino, but it adds to the platform’s appeal and good reputation, as it has access to the traditional gambling markets as well as the crypto-gamblers.

Another exciting feature in BitStarz is their customer support. Its service doesn’t rely on web-based chats and contact forms (which is the painful rule in so many websites of all kinds).

The company takes advantage of social media and even Reddit to give customers the best possible service. Don’t get us wrong. There is good customer support in all of the casinos in the list. But BitStarz takes a more creative and proactive approach when serving clients. It walks the extra mile to make sure your gaming experience is painless and smooth.

First: BitcoinCasino.us

It’s been around for years, and it’s built a solid reputation in the industry. It supports DOGE, LTC, BCH, ETH and, obviously, BTC. It features many bonuses and cashback options, and it offers frequent promos in which users can get some free spins. While the selection of games is not as big as in the other casinos in this list, it’s more on the classic side of gambling. Slot games, Poker, Roulette, Table Games, Jackpot games and High Roller are on the menu.

And now, as promised, let’s check out the list for the best Bitcoin dice games in 2019.

Best Crypto Dice Games for 2019

DuckDice

It’s fun and interactive, so if that’s your cup of tea, this is it. DuckDice.io is THE cryptocurrency dice game for this year. It has 500 gamblers at any time of the day, and it’s processed more than 2 billion bets so far. The user interface is very friendly and intuitive, and it has lots of options. If you’re not persuaded yet, the house edge is of 1%.

SafeDice

This is another excellent crypto dice game. It’s very much like DuckDice except that the house edge is even lower at 0.5%. And just like with DuckDice (didn’t we say that?) you don’t even need to open an account to play.

As a matter of fact, you couldn’t give the site your email address even if you wanted to because there is just no way of doing it. It’s a popular site that’s handled more than 200 million bets and flow of 100,000 BTC. The numbers are not as impressive as DuckDice’s, but they’re still outstanding.

BitDice

BitDice is an excellent crypto dice game as well. It’s different from the previous two platforms in that it offers several other games not based on dice. And they’re quite particular to the site: Money Farm, Blast Boom Bang, Satoshi’s Secret, and Bit Aces, to name a few.

There are also more classic casino games like Black Jack and a Texas Holdem of sorts. It’s not as popular as the other two, but it’s different, and you should check it out if you’re looking for a bit of variety.

Crypto-Games

It’s a popular platform that concentrates on games that are fast, simple and very popular. Their dice game is quite popular as well, as it processes dozens of bets every second.

The chances are that every bet in this site is 100% fair and you can automate your bets if you’re looking to place many micro bets instead of a single big one. The dice game in this site has more than 2 billion stakes for bitcoin alone! Daily, the number of bets is of about 2.5 million. Also, there’s a chatroom for you to pick a conversation with fellow traders and players.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple: Will Mexican regulations affect XRP’s price?

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Cryptocurrencies were made to limit or eliminate the control held by the financial system and governments over money and people. This is no conspiracy theory, Satoshi Nakamoto was very clear and vocal about this point when he first launched Bitcoin roughly a decade ago.

Crypto, the world’s governments and regulations.

As the world’s governments realize that, they are trying to exert some form or control (or at least, regulation) over the cryptosphere and blockchain technologies in general. The reasons to try to impose regulation are reasonably obvious.

First of all, digital assets, unlike their fiat cousins, are inherently global. That makes them less volatile (yes, that’s true, surprising as it may seem) and immune to local politics or national political or economic problems. The second reason is even more apparent: effective regulations make for effective tax collection on cryptocurrencies.

The Mexican Stand-off

The world is slowly but surely moving towards cryptocurrency and blockchain solutions adoption with BitCoin and XRP leading the way. As things mature in that regard, attempts to regulate digital money are appearing in several countries in the world. Mexico is the latest example, as the federal government is preparing to introduce some rules to regulate cryptocurrencies within the country.

The Official Federation Daily published an announcement by the country’s central bank (the Bank of Mexico) in which it states an intention to introduce laws that will clarify the country’s position on digital assets. Previous efforts to provide a definition for alternative coins in the country indicate that the country could classify digital currencies as property subject to taxation but not as legal tenders, like the government-issued Peso.

There is a general consensus on the advantages that blockchain technology brings to the table, but also in that there is a need to regulate it in some way, preferably a way that encourages further development and grants enough freedom so that innovation is not hampered.

Creating legislation that can balance efficacy with total control, will be a tricky proposition, though. The proposed laws should not give the government a strong hand, or enable it to stop crypto-based transactions in a terse notice. Mexico is one of the world’s remittance hubs and a country in which Ripple is working extra hard to create payment corridors with the rest of the world.

Ripple’s XRP price analysis

As we write this, Ripple’s XRP is trading in a very narrow range of four cents. This is a very solid token, it’s the world’s third largest by market capitalization, but it’s under pressure, and it hasn’t broken the 34 cent barrier, which is the critical current resistance level.

Unless something extraordinary happens, the right way to go about Ripple now is to be neutral and not to execute long positions unless the price, at last, breaks over the 34 cent barrier supported by high transaction volumes (at least 15 million on average).

That rally would confirm the previous bull run on XRP (which happened on Jan 29-30), and the one on Feb 25 (which came about because of the Coinbase listing).

If the price goes above 40 cents, then the bulls will have their day and could launch the token’s worth all the way to 60 cents by mid-Q2 this year.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

TRON and ABCC Exchange Take their Partnership to the Next Level

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If you thought the initial partnership of Tron and ABCC exchange involving TRC10 tokens was the biggest thing, you’re in for a surprise.

Few crypto assets have had strong enough fundamentals to keep away the bears, and Tron, fortunately, make it to that list. Almost daily the Tron foundation has an announcement to make, and for them, it looks like the series of moves it has been making has helped it solidify its position among the best.

Strong Becomes Even Stronger

It’s a new partnership development. After merely two months since Tron and ABCC exchange came into partnership, the two have taken an extra mile making the connection even stronger after the Singapore-based exchange-listed TRX trading pairs.

According to ABCC exchange, 5 TRX trading pairs will be listed on their platform together with the news that TRX will then be a base trading pair on the exchange. The trading pairs to be listed include BTT/TRX, SEED/TRX, VENA/TRX, IGG/TRX, and TERC/TRX.

Currently, perhaps, the Tron community is experiencing the best time as they’re waking up to positive news almost every day. The initial listing of TRC10 token on the ABCC exchange was a big step for both parties with ABCC looking to announce itself to the crypto sphere.

Who’s the Winner in the Partnership?

Let’s not first forget that ABCC became the first platform to list TRC10 tokens. If the platform has not established itself among the giant exchanges, it will be near impossible not to think that the exchange will get positive improvements.

With a user base of more than 120 countries and communities as well as a daily trading volume of about $40 million, the exchange stands a chance of soaring upwards. For TRX, it’s living up to the expectation of making the internet decentralized. With more partnerships in the offing, the future looks bright for the Sun-led blockchain.

Both TRON and ABCC exchange look to get more partnerships, and with the pace that Tron is breaking the new grounds as well as gaining acceptance, it is worth to say that TRX is one for a watch.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

What’s up with the crypto? News from the cryptoverse

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The cryptosphere is always awash in news. From strategic announcements to the daily prices of hundreds of cryptocurrencies, there’s always something interesting to notice or talk about with fellow cryptonauts. Some of that news is relevant because of the way they affect the markets, and some are relevant because they bring perspective into a project or the overall crypto-situation.

In this article, we’ll inform you about the recent declarations given by a few of the most important personalities in crypto. As stated before, these statements won’t change the market anytime soon, but it’s still good to know what’s in the mind of the people who are behind the scenes in the cryptoverse.

Rippe’s CEO Brad Garlinghouse

Mr. Garlinghouse gave an interview recently in which he explained how Ripple is working with regulators in the US and elsewhere to advance Ripple’s cause, and to ensure a smooth market experience.

Additionally, he talked a little about the Ripple’s XRP price, which is currently of USD 0.318886 (0.81%) (and trading in green numbers).

He described how Ripple’s technologies and digital asset are solving real problems in real life, especially when it comes to settling international payments quickly, safely, and cheaply. If Ripple indeed solves those problems for their clients and strategic partners, the XRP price will reflect it, sooner or later, according to Ripple’s CEO.

EOS’ co-founder and CEO Brendan Blumer

Mr. Blumer made a very bold prediction recently. He said that over the next twenty years BitCoin will become the world’s preferred option for wealth storage, instead of gold. That would break millennia of tradition.

Is that just unbridled optimism? It could be, but EOS’ founder is not alone in this conviction. Other leaders in the technology and the cryptocurrency world have expressed similar views over the last months, even as the market remains receding and under the control of the bears. Time will tell if Mr. Blumer is right.

Barry Silbert, CEO for the Digital Currency Group

The Digital Currency Group is involved as an investor with almost every digital asset there is.

Mr. Silbert explained that institutional investors are still trying their best to stay away from digital money, so their money has yet not arrived in the cryptocurrency market. That is a shame because many observers believe that the next bull run (whenever that happens) will be driven by a big shower of money coming from institutional investors precisely.

But the executive remains optimistic in that regard as he’s sure that the money will roll in for sure at some point during the next 2-3 years.

David Schwartz, Ripple’s CTO

Mr. Schwartz attended the SXSW 2019, in which he gave an interview with an audience.

He detailed his love affair with Bitcoin, which started in 2011 and how he became involved with Ripple.

He explained how he came to realize what made Bitcoin such a great project and his opinion is not exactly the usual one. Mr. Schwartz believes that Bitcoin’s power derives from the sheer transparency in its blockchain, and not from the Proof of Work protocol which is the “secret ingredient” that most observers consider Bitcoin’s hallmark and main advantage (and challenge since it takes such vast amounts of energy to calculate it).

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron SRs voting on proposal 17, the multi-signature feature on the ranks

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For many, Tron Super Representatives is that group doing helicopter TRX drops. That whenever you feel like increasing the TRX holdings, you vote for the best SR, seat, and watch your numbers take a hike. But what other things do Tron super representatives do?

Basically, they run the whole Tron protocol. And now, in that line of doing everything possible to make the platform the best, proposal 17 is live and being voted.

The Significance of the Proposal

It seems like Tron is playing its cards in the right direction every single day and having SRs in the first place is proving to be significant all the way. As it’s the case of carrying the platform forward, proposal 17 got initiated.

The direction of Tron protocol has to be decided, and how it evolves, it shouldn’t be an individual’s decision to make. Therefore, voting on the proposals has been the right way, at least up to now.

What the proposal entails

Early during the month, Tron CEO and founder Justin Sun pointed out that the platform was due for an upgrade. With the current ongoings within the platform, we’re already on the upgrade. Reason being, proposal 17 is about allowing the initiation of multi-signature.

The multi-signature feature will be highly essential to the high net worth investors simply because they actually use large institutions to manage their funds as well as the fact that they have a plethora of employees.

Therefore, with the multi-signature feature, it could be even easier to compartmentalize the management of the assets. The general outcome will be more institutional investors flooding the table. The fact that they have a large amount of money makes it significant for Tron as they will bring value to the network.

For now, voting is on and the proposal validity period is (as it has always been) 3 days, and it’s only wise to support the proposal by voting in favor of it. After the three days, then we’ll learn the outcome whether it received sufficient votes (18) in its favor or it will lapse.

Perhaps, some hedge funds might have asked for the feature to be introduced for them to invest in Tron, but whether that was the case or not, the answer could jump in within less than two days.

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Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

First ever US-based regulated crypto exchange is on the horizon

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If you are not an American resident, establishing a digital assets exchange in the country is much of an ordeal than anyone could imagine. The reason is there are many states which probably have not yet realize the blockchain technology’s potential. On the contrary, there also exists some states which are positively inclined towards cryptocurrency perspectives.

As the popularity of the cryptocurrency space grows with its continuously magnifying community, many blockchain initiatives are these days vigilantly looking to break their shoe into the industry. Among them is the United States-based Riot Blockchain.

Last week on Mark 14, Riot Blockchain filed the required paperwork to the country’s regulatory organization, US Securities and Exchange Commission (SEC), in order to be eligible for launching a full-fledged systematic cryptocurrency exchange in the United States.

According to the filing, the new cryptocurrency exchange will be managed by RiotX Holding Inc., a subsidiary of the company that intends to prioritize the development of at least three major services for the client base, trading, digital wallet, and banking.

The company is expected to develop each of these services by partnering with third-party vendors. The trading engine is going to be provided by the Shift Markets, the banking services will be designed by a California-based software company, SynapseFI, and the provider of the digital wallet for the upcoming exchange is yet to be announced by the firm.

Having these services at their disposal, users will be eligible to open new accounts which will be directly affiliated with the United States’ authorized banking institutions. Therefore, they will be qualified for holding or transferring them either in cryptocurrency or fiat.

The filing further sheds the light on the exchange’s primary focus, which is to mine the bitcoin, the mother of all the cryptocurrencies.

The company also revealed that at the time of launch they intend to initiate the trading with Bitcoin (BTC), Litecoin(LTC), Ethereum(Eth), and Bitcoin Cash(BCH) on the exchange. The mentioned cryptocurrencies will be paired with each other as well as against the US dollars.

The company also told that they will only list cryptocurrencies for which they get extensive regulatory and legal permission by the commission.

The Colorado-based company is determined to launch the exchange by the end of 2nd quarter of 2019 with an ambitious aim to bring the newly launched exchange online in all 50 states of the country except Wyoming and Hawaii. At the time of writing this piece, the company declares to have the approval for five different states in the country.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

VibraVid adopts BitTorrent in a revolutionary way

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VibraVid is a project running on Tron’s blockchain. It’s powered by the BeatzCoin cryptocurrency (soon to be listed at Binance), and it’s adopting BitTorrent’s technology in amazing ways to achieve true decentralization. In this article, we tell you the full story, including context. We start at the beginning.

Tron

Tron is a third generation blockchain project. The “third generation” thing means that this blockchain should be regarded more like a programmable platform capable of running decentralized applications and smart contracts, more than being centered around a cryptocurrency, which is the case with Bitcoin and many other blockchains.

There is a currency at Tron, for sure. It’s called Tronix or TRX. But in this kind of project, the token is there to support the network and not the other way around.

Also, it’s a project with a vision: using blockchain technology to decentralize the world wide web in full. This means that, if Tron had its way, the web wouldn’t run on servers and services ruled by central authorities (Google, Facebook, YouTube, Microsoft, you know the names) but on Tron’s network and blockchain in a fully decentralized way. Does this sound overly ambitious? That’s because it is, but read on, it just could happen.

The BitTorrent affair

You probably know about BitTorrent already. It’s a P2P filesharing service that has been around for a long time already, and it’s the world’s largest decentralized network. Because BitTorrent provides the world with the content of all kinds using full decentralization, its history and values are perfectly lined up with Tron’s.

That is why the Tron Foundation bought BitTorrent a few months ago, and it’s working towards integration between Tron and BitTorrent. So, soon, BitTorrent won’t only be a vast network, but a colossal blockchain network. Tron, in turn, will become the largest blockchain or decentralized system of any kind in the world.

There’s been a lot of rumors and expectations about the precise way in which Tron and BitTorrent will come together. A cryptocurrency (BitTorrent Token, BTT) based on Tron’s token technology has already been issued, and it’s tradeable in several cryptocurrency exchanges. The exact merging mechanism is still unknown in full detail, but a Tron project VibraVid is getting proactive about it.

VibraVid

VibraVid is a digital platform that runs on Tron’s network, and it’s being developed by beatzcoin. It aims to reinvent the global marketing platform for digital content producers and consumers. It wants to transform how advertising interacts with content providers and to create new marketing strategies that will engage users thus enhancing the revenue potential for creators.

In short, VibraVid wants to combine the power of Tron, BeatzCoin, and BitTorrent to empower the artists on the internet.

BitTorrent and VibraVid

VibraVid one of the few Tron projects that are taking steps to take advantage of BitTorrent’s integration with Tron by being very creative and bold. It’s a huge technical challenge, but the project is taking it seriously and facing it head-on.

Here’s how it will work: There will be no servers at all in VibraVid. Each piece of content will become a file in BitTorrent (a torrent, in the community’s lingo). Users who want to see this piece of material will download it and become seeders. That, in turn, will provide the user with passive income as users will be rewarded with BTT tokens for seeding any kind of content (VibraVid’s contents included). But such file will be encrypted so that only members in the VibraVid community can view the content. And it’s expected that the network will be so fast that all this will work in real-time.

So no central computers, no servers, no central authorities of any kind. The BitTorrent network will be VibraVid’s server, computer, equipment, and file managing system. All within the Tron network, all decentralized, and providing means of distribution for creators as well as content for users.

We salute VibraVid’s courage to take on such a huge challenge. This is how the web will be decentralized.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Price predictions for BTC, ETH, and XRP for the week. Are the bulls still around?

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The weekend met with expectations. Namely that it would see and support a bullish run on the cryptocurrency market led by Bitcoin (as it always happens in crypto). The overall market capitalization remains steady at around $140 Million.

It’s not just a number; it’s the current resistance level the market will need to overcome to start a new bullish run. If this shouldn’t happen, we’ll see things going back to the way they were during the last few weeks. That means the bears will continue to rule.

For now, Bitcoin remains the world’s largest and most traded digital asset with a 50.7% share of the general market.

But is Bitcoin’s dominance a fact of nature? Of course not. Will it ever be challenged by some other project? It could be. The other two coins in the world’s top three (Ethereum and Ripple) are pushing the envelope in a way that suggests that one of them could reach Bitcoin at some point in the future (but not the immediate future, for sure).

In this article, we’ll try to elucidate what the next week will hold for the world’s top three cryptocurrencies by market capitalization, and we hope you’ll find it useful.

The week for Bitcoin

The price has been moving sideways ever since it hit the $4000 barrier. The oscillation has occurred between the $3,800 and $4,000 levels. This fluctuation shows how the bears and the bulls are fighting it out without any party achieving any significant breakthrough.

As we write this, Bitcoin is trading at $4,026.39 in slightly red numbers (0.04%) over the last day. The market capitalization remains strong, and it’s nearing $71 billion.

In the short term, the mother and father of all digital assets finds itself amid a price correction process so the current price could fall to $3,990.83 by week’s end. This is consistent with Elliott wave theory (if you don’t know what this is don’t worry it’s just a technical analysis technique favored especially by forex traders). The price walk could go as high as $4011.3 with an immediate support level at $3927.89.

The Stochastic Indicator keeps moving decisively towards the overbought zone, which is usually interpreted as a good indicator that the bullish level will be maintained for the time being. But the same projection points to the indicator leaving that zone by midweek.

The current scenario is reminiscent of Bitcoin’s behavior in 2015. So this could very well be the last low floor for Bitcoin before the bulls come back to visit (and probably take over) the market seriously.

Finding out if the level of support is not surpassed will take a few hours of careful observation or if it, in the end, the market’s behavior changes to go against the current and shatters all the week’s expectations. As things stand, the dominant trend for BTC is downwards, and it could go back to $3,800 rather soon (even today).

The Aaron UpTrend indicator is moving in such a way that it seems it confirms this idea. But let’s keep in mind that one shouldn’t act on any indicator in technical analysis by anticipating what it will do, which is a common rookie mistake. You must always move on things that are actually happening, and not on things that could happen.

The EMA25 line also indicates that we are crossing over into the sales area so the bears will hug us hard again.

The week for Ethereum

Ethereum is the world’s second digital asset by market capitalization, and it’s shrunk in price by 1.21%. As we write this, the token’s price is at 139.44 USD, it trades in red numbers for 24 hours (0.8%), but it maintains its market capitalization at almost $14.7 billion. Which means it lost approximately USD 300.00 over the weekend.

Ethereum has been a very discouraging alternative coin for months now (it even lost its second spot by market cap to XRP for a few weeks) and the next week doesn’t look any better. It started strongly and then… well, the technical term would be that it’s been “moving sideways,” but it’s been so violent that “ping bar” describes it better. It reached, but then it started to bounce back and forth until it reached the current price, which presents a reduction of support levels.

According to Elliott Waves, the support level of $142.25 is broken already, and the price is going to fluctuate its way down to $138.00. And then, we can expect to go even lower to the support level of 135.9 as it keeps moving sideways between $135 and $140 for the rest of the week.

EMA 25 predicts that the bears will come into the market in a big way, starting on Monday. Unless something dramatic happens in Vitalik Buterin’s project’s environment, the coin will go down.

The Klinger Oscillator (another technical indicator) also corroborates the bearish perspective because it’s crossed below the signal line and it’s moved into the limit of the buying and selling zone. The next few hours will be decisive in understanding the asset’s behavior for the rest of the week.

But it could also happen that Ethereum finds a way to uphold the $140 billion market capitalization level; that would mean that the current price correction is transitory and that would give us a rebound some time in the middle of the week.

While not the most likely outcome, it’s still possible and even reasonable as the projection of the ABCDE pattern could hit the ascending channel that is still noticeable in the Ethereum chart. Furthermore, the Chaikin Money Flow indicator confirms that, if the money flowing into Ethereum remains ascending nicely and steadily.

The week for Ripple

Ripple’s XRP stands firm in third place by market capitalization. It’s been basically immune (very few coins are behaving like that) from what’s going on with Bitcoin and the rest of the market.

As we write this, XRP’s price is at $0.316991, and trading in slight red numbers. It’s been losing value over the last day.

XRP spent the week moving sideways in a very narrow gap between $0.322 and $0.316. No significant variations happened. This is because XRP has a certain degree of autonomy when it comes to its price. It’s not as dependent as most other assets on Bitcoin’s behavior.

It’s one of the very few projects that’s moving from domination by sheer speculative forces towards price autonomy based on strong fundamentals, real demand, and real-life use cases. So XRP suffers less than the rest of the market when the bear hugs.

But that doesn’t mean XRP is isolated. Sudden changes in the market (which are not particularly rare in crypto) will hit it solidly. But for now, it remains trapped in the aforementioned band, and it seems this week will be the same. The trend will be slightly bearish without really affecting any crucial changes in price.

That conclusion is supported by the EMA 25 for March 19, and the RSI, which is bearish in the middle of the chart, as if balancing the pressures exerted by both buyers and sellers.

XRP will go bullish as soon as any factor (internal or external) boosts its price a little. This will be likely to happen when the RSO hits 80.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron (TRX) Dapps Show No Signs of Slowing Down

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Tron (TRX) is on fire!

The highly anticipated crypto project, Tron (TRX) which aims at building a decentralized internet as well as content entertainment system via the issuance of the smart contracts as well as the development of decentralized applications (dApps), is winning the Dapp ecosystem clearly.

Tron Dapps Ruling the Dapps Industry

Amid the bearish crypto market, it seems TRON users are optimistic. It’s now becoming more evident that Tron blockchain is getting popular among the dApp users as well as developers.

On last Friday, it was just the other day that the users spent $91 million on dApps. Overall, Tron’s Dapp ecosystem is on substantial growth in terms of both users as well as transactions volume. The rapid growth now means that Tron has taken the bragging rights from its close rivals Ethereum and EOS.

Beating Own Records

Before hitting 91 million USD, Tron Dapps hit 31 million USD mark. The 10th largest cryptocurrency by the market cap then recorded a new world record in dollars spent on dApps on a blockchain in 24 hours.

According to a prominent Tron supporter, Misha Lederman, TRX users spent $91 million on Dapps on March 15. The milestone achieved by Tron exceeded double the amount of user funds spent on rivals EOS and Ethereum dApps combined.

The news has come in the wake of Tron exceeding 2 million user accounts. The growth is indeed exponential given the newness of the Tron MainNet as well as the fact that Tron network took about 181 days to get to its 1 million users and only 68 days getting to the next 1 million users.

Tron (TRX) is continuously breaking records and making new targets. With the state at which the Tron Dapp ecosystem is growing, it’s hard to deny that instead of intensifying competition with ETH and EOS, it’s competing with itself and working to beat its records. With 2,000 dApps reportedly to be added by the end of the year 2019, the growth of Tron (TRX) dApps is not slowing down any time soon.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin suddenly hustles over $4,000 – A bull trap or genuine rally?

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Are we about to experience another crypto bull run? Maybe, maybe not.

Everybody will be excited to see a new bull rally in the crypto market, and bitcoin has to be at the center of it. However, the giant crypto for the past few months has struggled on its attempts to gain some footing above $4,000.

Finally the crypto giant rallies above $4,000

Today bitcoin has rallied to a little above the psychological barrier whereby it has gained almost 4% in the past 24 trading period. The rise in price had come when its daily trading volume tops $10 billion which is the most that have been seen in a period of 24 hours since April last year when the price was at over $8,000.

Previously, BTC had managed to reach $4,100 (Feb. 23 to be precise) but then rolled back again to below $4,000 resistance level. Currently, bitcoin has moved to $4,060 from $4,051, and as things stand, all seem to get going.

Similarly, the crypto assets in the top ten as well recorded some gains. For instance, some like Ethereum, Litecoin, and Bitcoin Cash had an increase in the range of 5%-12%.

Are the bulls back?

Apparently, the past 30 hours has brought back some optimism into the cryptocurrency market. The cryptocurrency has overall added $6 billion with several top coins also gaining. The fact that bitcoin finally has not only reached but sustained a position over the $4,000 mark spells some optimism that the bulls are back.

The masterminds behind Bitcoin rally

Yes, bitcoin is on the rise by a bit, but what might have prompted its recent surge?

According to analysts, the rise must have been as a result of some positive news on the background. For instance, there have been a plethora of positive forecasts about bitcoin, and interestingly coming from prominent investors. The positive vibes seem to have started reaping the benefits.

First, it was the famous broadcaster as well as crypto investor Max Keiser who gave support to bitcoin. He stated that in 2019, alternative cryptocurrency trading platforms would be popular similar to regular centralized ones. As a result, bitcoin will become popular among the investors eventually replacing USD as the global reserve currency.

Furthermore, another giant-name investor Marc Faber (Dr. Doom) crossed the road to Bitcoin this week. What makes it exciting is the fact that previously he has been a skeptic and that now buying his first bitcoin must have raised positive questions among many.

Moreover, Tether Ltd announcing that their assets have back the USDT stable coin too and that’s not fully backed by USD must have led to frustrations as well as angered investors to make a grand shift to Bitcoin instead.

There’s every reason to be optimistic about another bull run being on the cards, but then we should also not forget that the last time out bitcoin had a feeling of $4,000 even spiking to about $4,500, it fell again severely. Therefore, what remains to see is whether bitcoin will continue climbing higher in the coming weeks or the optimism will be short lived.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.