Newsflash: Bitcoin has not reached bottom yet, New listing for Stellar, Cardano Update 1.4.
The rates of all crypto currencies, including Bitcoin, still seem to be bleeding and are recording strong price drops. Industry experts have partially revised their year-end forecasts due to the continued bear. Bobby Lee, co-founder of the crypto exchange BTCC, is of the opinion that Bitcoin might not have reached the bottom yet. After a further drop from $6,500 to currently $4,269,94, investors may continue to wait to get a particularly favorable entry opportunity into the crypto market. Lee wouldn’t be surprised if the price dropped further to $3,000.
We are down >30% from $6,500 levels a few weeks ago. Selling momentum (panic?) has slowed & we’re bottoming out for this round. But I wouldn’t be surprised if $BTC eventually hits $3,000.
Most ppl want to wait, to buy in at cheaper prices, but they would risk missing the bottom? https://t.co/uNTYyvH7Ez– Bobby Lee (@bobbyclee) November 21, 2018
Bitcoin bulls are pleased with the correction and hope that the current trend will sift out all weak long positions. Currently it is not possible to predict how long the negative trend will last.
New listing for Stellar Lumens
The Cryptoexchange BitOasis located in the United Arab Emirates has added Stellar Lumens to its platform. As a special introductory special, trading with Stellar at 0% trading fees is possible until 27.11.2018. The exchange is open to the Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Oman.
We are very pleased to announce that Stellar (XLM) is now available on our digital asset trading exchange platform with 0% trading fees until November 27th, 2018.https://t.co/6p2kl5xSmN pic.twitter.com/x9RxNaehFt
– BitOasis (@bitoasis) November 20, 2018
The price of Stellar Lumens does not react to this news due to the current market situation. The market capitalization is slightly above that of Bitcoin Cash, making Stellar Lumens the fourth largest crypto currency with almost $3.5 billion.
Cardano Update 1.4. runs satisfactorily
The CEO of IOHK and founder of the crypto currency Cardano, Charles Hoskinson, has surprised his fans with a surprising AMA (Ask me anything) on Youtube and reported on the new developments of the Cardano Update 1.4. The progress of the update is good, the development team is currently in tests, but no critical bugs have been reported for the time being (free translation):
The update 1.4 for Cardano is progressing well and we are currently in regression tests. We had a few regressions, but nothing significant has been found yet and there is a lot of new code. At its core, a lot of refactoring has been done and we have found new database solutions so that we have gone from a lot of space to too little space and become much more efficient.
When the update is complete, all resources will be used to customize the code for Ourobros so that the focus can be solely on it. The complete AMA can be viewed as follows:
