Warning: session_start(): open(/tmp/sess_f4151e8712703c6123752a36b1732979, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
Cardano, Ethereum Classic, Vechain Price Analysis: 06 June – The Future Coin
The Future Coin

Bitcoin

$55,509.58

BTC -7.98%

Ethereum

$2,152.08

ETH -8.46%

XRP

$1.34

XRP -15.07%

Litecoin

$263.61

LTC -13.95%

EOS

$6.65

EOS -14.77%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Market Analysis

Cardano, Ethereum Classic, Vechain Price Analysis: 06 June

by The Future Coin
June 6, 2020
in Market Analysis
0
Cardano, Ethereum Classic, Vechain Price Analysis: 06 June
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Since 1 June, the digital asset industry has not been able to facilitate consistently strong price movement. However, on the contrary, a significant decline has become evident. As the collective market cap shaved off around $5 billion over the last 7 days, Cardano, Ethereum Classic, and VeChain noted some very interesting movement on their charts.

Cardano [ADA]

Source: ADA/USD on TradingView

Cardano was back in the top 10 of the cryptocurrency charts, at the time of writing, with a market cap of $2.23 billion, a figure that was slightly ahead of Tezos and its $2.16 billion market cap. However, the crypto-asset also noted a minor decline of 1.21 percent of the past 24-hours, one that was backed by poor trading volume.

The price charts for Cardano pictured the formation of a descending channel, one that may have bullish implications later in the week. The Bollinger Bands suggested that ADA was noting a reduced period of volatility, while the Relative Strength Index pointed to neutrality between buying and selling pressure.

Since the announcement of Shelley’s launch, Charles Hoskinson, CEO of IOHK, has been extremely vocal about Cardano’s future, with Hoskinson recently commenting that a higher price token will enable a project to have higher staying power in the industry.

 Ethereum Classic [ETC]

Source: ETC/USD on TradingView

Ethereum Classic continues to be counted in the world’s top-20 crypto assets after climbing as high as 15th on the chart late last year. The token maintained sideways movement over the past few days with a minor decline of 0.16 percent recorded over the last 24-hours.

Surprisingly, the token also noted a high trading volume as its activity of $989 million/24-hours slightly dwarfed its $801 million valuation.

In spite of corrections, ETC remained in the green as the Chaikin Money Flow or CMF suggested higher capital inflows than capital outflows. Further, the MACD pictured a bullish narrative as well, with the blue line well above the signal line.

Optimism in the ETC community is high after its successful “Pheonix” hard fork took place on Sunday. Executed at block 10,500,839 on May 31, the backward-incompatible network upgrade made Ethereum Classic fully compatible with Ethereum.

VeChain [VET]

Source: VET/USD on TradingView

Finally, VeChain maintained its 30th rank on the charts. The token saw the formation of a descending triangle, suggesting that a bullish breakout may be in the offing in the near-term. With a market cap of $386 million, the crypto-asset had an average trading volume of $187 million on the charts.

The Bollinger Bands appeared to diverge on the charts, suggesting increasing volatility as the MACD pointed towards a bullish trend, with the blue line hovering above the red line, at the time of writing.

Your feedback is important to us!

Source link

EDITOR’S CHOICE

You Can Now Earn Ethereum 2.0 Staking Rewards on Coinbase

Ethereum Could Reduce Fees With Batch Transactions

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 55,620.00
ethereum
Ethereum (ETH) $ 2,143.84
binance-coin
Binance Coin (BNB) $ 463.91
xrp
XRP (XRP) $ 1.31
tether
Tether (USDT) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.318161
cardano
Cardano (ADA) $ 1.22
polkadot
Polkadot (DOT) $ 36.60
litecoin
Litecoin (LTC) $ 262.17
bitcoin-cash
Bitcoin Cash (BCH) $ 903.94
uniswap
Uniswap (UNI) $ 30.41
chainlink
Chainlink (LINK) $ 36.56
vechain
VeChain (VET) $ 0.210085
usd-coin
USD Coin (USDC) $ 0.997515
stellar
Stellar (XLM) $ 0.515297
theta-token
Theta Network (THETA) $ 11.30
filecoin
Filecoin (FIL) $ 154.19
tron
TRON (TRX) $ 0.135146
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 55,384.00
solana
Solana (SOL) $ 27.17
klay-token
Klaytn (KLAY) $ 2.61
binance-usd
Binance USD (BUSD) $ 0.995608
eos
EOS (EOS) $ 6.59
neo
NEO (NEO) $ 82.14
bitcoin-sv
Bitcoin SV (BSV) $ 305.33
monero
Monero (XMR) $ 313.73
iota
IOTA (MIOTA) $ 2.01
bittorrent-2
BitTorrent (BTT) $ 0.008316
crypto-com-chain
Crypto.com Coin (CRO) $ 0.215391
cosmos
Cosmos (ATOM) $ 21.15
terra-luna
Terra (LUNA) $ 13.11
aave
Aave (AAVE) $ 366.99
tezos
Tezos (XTZ) $ 5.90
ethereum-classic
Ethereum Classic (ETC) $ 34.38
okb
OKB (OKB) $ 15.93
compound-ether
cETH (CETH) $ 42.80
ftx-token
FTX Token (FTT) $ 48.22
algorand
Algorand (ALGO) $ 1.44
avalanche-2
Avalanche (AVAX) $ 28.65
cdai
cDAI (CDAI) $ 0.021339
kusama
Kusama (KSM) $ 396.10
nem
NEM (XEM) $ 0.391589
compound-usd-coin
cUSDC (CUSDC) $ 0.021854
dai
Dai (DAI) $ 0.998736
pancakeswap-token
PancakeSwap (CAKE) $ 21.19
thorchain
THORChain (RUNE) $ 14.14
elrond-erd-2
Elrond (EGLD) $ 186.19
huobi-token
Huobi Token (HT) $ 17.13
holotoken
Holo (HOT) $ 0.017170
dash
Dash (DASH) $ 297.25