Tron Loses 2.79% in a Week; Stability is Unlikely in Near Future

Tron (TRX) has been down by 2.79% over the last week. In the last two days, it has shown four major price shifts, and these shifts have been in the range between 0.020 USD and 0.018 USD.

Tron Price Prediction

TRX price was at 0.01986287 USD at the starting of the week. Its first swing happened on November 06. Tron price surged to $0.02080, which is the highest point of the week. From this point, TRX coin lost 12.16% value and reached 0.01827471 USD, the lowest of the week. It was followed by an 8.62% increment in the value, and this hike helped Tron to scale as high as 0.01985075 USD by 16:25 UTC on November 10. The last variation happened over the next 2 days, and this 2.69% decline cost 0.0005 USD and placed the price of TRX coin at 0.01931659 USD.

Tron Price

The Market Cap in these seven days also has shown a shift. In the last 7 days, it has traveled from 1.346 billion USD to 1.296 billion USD.

Tron’s 20 days average is at 0.019513 USD, and it’s 50 days average stands at 0.01686 USD. The current price at 0.01930782 USD is 14.51% more and 1.05% less than the 50 days average and 20 days average.

Tron (TRX) Resistance and Support Levels
1st Resistance $0.01985
2nd Resistance $0.02009
3rd Resistance $0.02048
1st Support Level $0.01922
2nd Support Level $0.01884
3rd Support Level $0.01859

Santander Launches the First Public Ethereum Blockchain Bond

On September 12, 2019, Banco Santander, the Spanish Banking Behemoth announced that it has launched the first blockchain bond. It added that the bank had issued the bond directly to the blockchain and it will continue to exist in the blockchain itself. According to the sources, this is the first step towards tokenizing the bond securely.

Santander claims that they are the first financial institution which has taken this step of digitizing the process of bond issuance on a public platform. Santander used the public Ethereum blockchain, which is one of the most advanced open blockchain technologies till date. This allows Santander to tokenize the bond securely and also to register it properly on the blockchain. The Ethereum token was used to represent the $20 million debt processing. The most interesting part of the deal is that another Ethereum token ERC 20 was used to settle the same bond. All the cash represented by both sets of tokens were taken for custody later on.

This automation has made the process simpler and faster by reducing the number of intermediaries previously involved in the process, thereby delaying them unnecessarily. However, this is not the first time that Santander is using blockchain technology. It has issued $20 million bonds which were purchased by the Group’s unit at market price. The whole process was conducted on a private Ethereum protocol. This is the first time Santander is issuing bonds using the public Ethereum blockchain.

Antonio Torio, the head of funding at Santander refers to this project as a “real money pilot.” This is more of a technology innovation than it is of a financial issue. The bank also clarified at a meet that though the process involves cryptocurrency technology, the bank as of now is not interested in the same. The bank will focus more on engaging with innovative clients to support them in their digital journey and to transform the process from product stage to the development stage. London based startup company Nivaura supported Santander in this blockchain project.

Credit Suisse And Citigroup Keen On Buying African State Assets

The African economies have grown at a significant rate in the last decade. The African continent has six largest growing economies with 1.2 billion consumers. Moreover, they are promoting a free trade market and are inviting investors to purchase their assets.

South Africa, Egypt, East Africa, Kenya, Nigeria, and Angola are few of the major flourishing economies in the African continent.

The remarkable growth and untapped opportunities have compelled major financial entities across the globe to turn their focus towards them. These countries are bringing in financial reforms by adopting conventional practices. They are making themselves open as a free trade zone to the global financial entities by gearing up to sell the government assets to the private sectors.

The emerging opportunities at the African economies have generated interests of Citigroup and Credit Suisse as well, and they are gearing up to make some investment deals shortly.

As the African governments are keen on selling more assets, they are expecting more deals on the way.

“Privatization is a theme we see as becoming increasingly important given the fiscal pressure faced by the many African governments and several governments recognize the need for reform,” explained Vikas Seth, the Head of Mergers and Acquisitions for Europe, Middle East and Africa for Credit Suisse, during an interview to the at the World Economic Forum at Africa.

As per Miguel Azevedo, Citigroup’s Head of Investment Banking, Middle East and Africa “South Africa, Nigeria and Egypt are the three big economic engines of Africa where most opportunities will lie.”

With the ongoing trade war between the US and China, Miguel Azevedo is still hopeful that the investment flow will continue from both the countries.

In addition to the above countries, Angola and Ethiopia are making themselves open to free trade. Here lots of opportunities are emerging in the service area and the banking area. There are even untapped opportunities in the Telecom, financial technology, consumer goods, infrastructure, and financial services.

Angola is planning to privatize 175 companies and Ethiopia is soon going to open a telecom auction. Kenyan companies are interested in investing in Ethiopia. Kenya has skilled workers and young population which has attracted many investors across the globe.

Many other global financial institutions, including Swiss bank and Standard Chartered, have exhibited similar interests in the African continent and are keen to invest in this open trade cluster of growing economies.

Salaryo Raises $5.5 Million in Debt Financing and Equity

A pioneer fintech platform Salaryo from the US has raised $5.5 million funds from Ruby Ventures and Michael Ullmann’s investment group for the US freelancer and start-ups. The total fund raised by Salaryo is $6.3 million, which the company plans to use for its first-to-market digital lending services for 500 coworking office locations in 20 new cities including Washington DC, Austin, and Denver.

Salaryo Inc. was founded in 2017 and the company provides security deposits and flexible credits to help small business and office space. After its launch in New York City in 2018, it has helped a lot of entrepreneurs and freelancers. The headquarter is in New York and it has 30 workplaces in 20 different cities in the US.

Yair Levy the CEO of Salaryo said that the main concern of Salaryo is to provide funding as a vote of confidence to the small business and freelancers so that they can focus on their growing business.

It is the first digital lending platform for its co-worker office sectors. It has an automated feature to examine a tenant’s identity, lease, financial, and other information and take its decision in a minute. Once all the records are approved, Salaryo sends the fund to the workspace and the tenant can take it within 24 hours.

“The innovative and dynamic Salaryo leadership team was quick to identify changes in the commercial real estate market,” said Ilan Rubinstein of Ruby Ventures.

Ruby Ventures is an investment company managed by a Rubinstein family in Canada and Israel. The company has invested in a lot of other investments, but the main focus is in real estate and ground-breaking technologies.

The company is experiencing double-digit annual growth than its competitors, Knotel, and industrious. Knotel and industrious have been trying to provide financial services to its tenant for years, but Salaryo in the meantime has perfected the concept and gain popularity in this sector nationwide.

“The growing number of freelancers and small businesses requires a new way of thinking in financial services,” said Michael Ullmann. Salaryo also offers them additional financial services to these small businesses.

Michael Ullmann is an entrepreneur and founding chairman of Prodigy Finances, a fintech platform who provide finances to the international MBA students.

The fund of $5.5 million raised composed of both debt and equity, in Ruby Ventures provided the debt financing and Michael Ullmann’s investment group provided the equity.

Stellar Price Analysis: Stellar (XLM) price shines alone among the top cryptocurrencies

  • Stellar (XLM) walks up alone among top 20 cryptocurrencies.
  • The coin gain seems to gain back its momentum.

Stellar (XLM) price was seen crashing down at the beginning of the month. However, the month was quite promising. The coin was seen making its own way to the top without getting hampered by the market pressure.

The coin has gained back the momentum, and we can yet again witness the fall in the market, but the coin shines like a star. Talking about yesterday, the coin touched a high at $0.073149 and a low at $0.066908. The volume marked on the coin is $118,501,191.

Current Statistics of Stellar:

  • The coin is dealing at $0.068823
  • The ROI is marked as 2212.85%.
  • The market cap is noted as $1,351,579,354.
  • The 24hr volume is marked as $110,762,598.
  • The circulating supply is noted as 19,638,407,709 XLM.

XLM to USD Price Comparison:

The chart is taken from Trading View on 27th August 2019, at 05:44:05 UTC for price analysis.

Looking at the chart, we can observe a fall in the price. On 25th August, the coin jumped from $0.070 to $0.072 by 2.48%. There was a major fall in the price, which changed the price from $0.072 to $0.068 by 5.30%. The recovery in the price again brought the coin back from where it started the day. Yesterday, the day began with a fall of 1.26% from $0.070 to $0.069 by 1.26%. The intraday loss was of 0.81% as the coin closed at $0.069. Today, there was a heavy fall marked in the coin from $0.069 to $0.68 by 1.86%. The coin has started recovering. We are looking forward to an intraday at a price.

Stellar Price Prediction and Conclusion:

The intraday chart is reflecting a recovery in the price of the coin. The same is speculated to continue. As the coin has the tendency of staying away from the market trend and creating its own fortune, we are quite positive that it could give great a result in the future.

We are anticipating that the coin would be best suited for long term investors. The coin is speculated to touch $0.090 by the end of the year. The future could bring a greater digit than expected, thus investing in the coin wouldn’t go futile.

Bitcoin Rewards Platform Lolli Grows Further: Partners With Postmates

Good news comes for the users of the rewards platform Lolli. It has now partnered with the prestigious firm Postmates. Lolli also has two other partners like the grocery chain Safeway and The Bitcoins reward platform has announced that 40% of the users that are on the platform are the new users of cryptocurrency. The platform has also clarified that a major objective of the steps taken by it so far is to see that Bitcoin enters the mainstream market. The partnership with Postmates is also a part of this phenomenon.

This is not the first time attempts are being made by the entities in the industry to see to it that Bitcoin makes an entry in into the mainstream economic system. There is a while before that happens; however, this news has seen to it that the users of Lolli gain more convenience in the manner in which the operations take place.

It is yet to be determined as to the manner in which the company will bring about the changes in its administration as the year progresses and process in which the partnerships will work out for the company.

ADA Is Dipping Down Again

Meta description

ADA is again going down in the negative trend line and will again trade in low values in the upcoming intervals due to the intense volatile market conditions and the erratic BTC.


The condition of the crypto market is running at its worst with no positive signs of revival back in the upcoming days. Rather, the exact opposite thing is expected throughout this year and it is assumed that until the end of this year, the market will be ravaged by intense volatility and thus, the situations of altcoin like ADA will be no better. Even, BTC has been adhering to its erratic and turbulent nature due to which ADA and similar other coins remain in verge to lose substantial portion of their values to it at any time.

Present status

Price in USD: 0.0598 USD

Price in BTC: 0.00000632 BTC (UTC time 08:53)

Circulating supply: 25,927,070,538 ADA

Market cap: $1,559,364,080 USD

Market rank: 11

Price analysis and future price predictions

From the above 1-day chart of ADA, it is understandable that ADA is again travelling back in the wrong direction and is once again back in the negative trend line. Yesterday also, it has traded in the bearish zone most of the time and intermediately its value has shoot up to some extent in the bullish trend zone. For instance, it had traded at 0.0621 USD yesterday but has fallen sharply to 0.0585 USD today. So, within one day, shift in the price is although not that high but has reduced considerably by 3.70%. Even, the momentum of ADA is also very unstable and thus, it is also lacking effective support levels which can push its value up. Considering these facts, we think that in the upcoming days, ADA can trade around $0.0581.


ADA is therefore in a highly unstable state and is also lacking support levels. One should not consider investing on the same as of now as the market condition is not expected to improve before the end of this year.

Ripple trading under the red zone inviting more investors to ‘buy XRP

With SBI going live with a new launch, XRP community might be sharing some of the benefits from the same. XRP is closely associated with SBI and SBI VC trade, which means that XRP might be gaining some of the visibility in the market too.

Ripple Price Analysis & Future Forecast-

XRP price is currently trading at $0.31307 at 06:32 UTC on 23rd July 2019. In the past 5 days, the lowest was seen on 18th July at 12:50 UTC with the trading value of $0.30380. The value in a few hours was escalated by 6.79% at 16:00 UTC with $0.3244 trading value, however, which was dropped by 3.94% at 13:00 UTC again. The value from then was increased by 9.17% on 20th July at 21:35 UTC with a trading value of $0.34022. Today at 06:30 UTC, the value is dropped by 8.11% with a trading value of $0.31280.

Ripple is trading in the bearish zone too! This means the best trade decision might be ‘buying’ new RP currency to make your portfolio stronger for the future returns. Considering past data and analysis, the safer bid might be trading under the resistance and support levels as:

Resistance Levels: R1: $0.329806, R2: $0.337507 and R3: $0.343343

Support Levels: S1: $0.316269, S2: $0.310433 and S3: $0.302732

Dogecoin trading back to the upward motion

Dogecoin price is currently trading at $0.00309487 at 08:13 UTC on 19th July 2019. In the data stats of DOGE from past one week, the lower was seen on 15th July at 00:25 UTC trading at $0.002781. The value increased by 14.88% on the same day at 23:20 UTC with the trading value of $0.003195. The value dropped by 15.88% on 16th July at 17:10 UTC with the valuation of $0.002689.

Dogecoin price increased by 14.65% on 17th July at 19:00 UTC with the trade valuation of $0.003083. However, the price dropped again by 12.18% on 18th July at 14:00 UTC with the valuation trade of $0.002707. The value increased by 18.70% today at 01:05 UTC with the trading value of $0.003214.

Dogecoin has climbed somewhat far from Bearish zone moving to the Pivot Point. This implies the pattern will flood the upward way once more. Before it hits the turn zone, you should need to ‘purchase’ DOGE coins starting at now and appreciate the profits in the coming future.

For a safer trade, the calculated resistance and support levels are mentioned as:

Pivot Point: $0.003047

Resistance Levels: $0.003219, $0.003316 and $0.003488

Support Levels: $0.00295, $0.002778 and $0.002681