bitcoinlfg

Author: BTCLFGTEAM

  • Ethereum Classic up 75% in 8 days, but will ETH miners migrate after ETC ‘fifthening’?

    Ethereum Classic up 75% in 8 days, but will ETH miners migrate after ETC ‘fifthening’?

    Ethereum Classic (ETC) price climbed on March 22, ignoring a deadly “death cross” on the weekly chart, as traders raised their bets on its potential to become a haven for miners fleeing the rival Ethereum blockchain. 

    ETC’s price jumped over 15.5% to reach $44 a token for the first time since Dec. 9, 2021. The coin’s intraday gains came as a part of a broader rebound move that saw its price rallying more than 75% eight days after bottoming out near $25.

    ETC/USD daily price chart. Source: TradingView

    Most of ETC’s course to the upside saw it tracking general crypto market trends. For instance, the Ethereum Classic token showed an extremely higher correlation with Bitcoin (BTC), the leading cryptocurrency by market cap, reaching 0.98 on multiple occasions.

    A correlation coefficient reading of 1 between the two assets show that they move completely in lockstep. 

    ETC/USD versus BTC/USD correlation coefficient. Source: TradingView

    But ETC’s 75%-plus gains in the last eight days largely outperformed BTC’s 15.5% returns in the same period. That may have to do with speculations about Ethereum Classic’s ability to attract miners from its rival, Ethereum.

    A “viable alternative” to Ethereum miners?

    Ethereum Classic, however, failed to attract as many users, leaving the network in the hands of a few miners. This resulted in a double-spend attack worth $1 million on Coinbase in January 2019 and other instances of 51% attacks on the network.

    In December 2020, Cardano founder Charles Hoskinson announced that his firm, IOHK, initiated the Mantis project to upgrade Ethereum Classic and support its community.

    Last year, the cooperative noted that “Ethereum’s move to proof-of-stake and sharding may disrupt many in the community who prefer proof-of-work and a strong base-layer approach to blockchain security,” adding:

    “This is where #EthereumClassic becomes a viable alternative for #Ethereum projects to migrate to.”

    As ETC rallies in March, the hash rate has not risen to new all-time highs, suggesting that miners aren’t jumping over just yet. Nevertheless, social media has started to take up the miner exodus mantra, as shown in the tweets below.

    And that ETC block reduction

    ETC’s price also surged in the run-up to its third block reward reduction, or “fifthening,” expected to arrive on April 15, 2022 at block 15,000,000.

    In detail, the Ethereum Classic’s block rewards get cut periodically by 20% every five million blocks (roughly every 2.5 years), following the improvement proposal ECP-1017, launched in 2017.

    The last of such events occurred on March 16, 2020, which followed up with ETC rising by more than 350% to date.

    Related: ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool

    Technically, ETC appears oversold due to its daily relative strength index rising above 70, a sell signal. The ETC/USD pair now tests $44 as its interim resistance, a level with a history of acting as a strong support between July 2021 and December 2021.

    ETC/USD daily price chart. Source: TradingView

    As a result, ETC may correct towards its 200-day exponential moving average (200-day EMA) near $37 next. Conversely, a decisive move above $44 could have it eye $50 — a psychological resistance level — as its interim upside target. 

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

  • Top coins to buy in a bear market | Find out now on The Market Report live

    Top coins to buy in a bear market | Find out now on The Market Report live

    “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which are the top coins to buy in a bear market.

    But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.

    Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which are the top coins to buy in a bear market. Going up first will be Bourgi, he’s decided to go with Monero (XMR), initially launched in 2014, it focuses on keeping your finances confidential and secure. His second pick is Flux (FLUX) which is a cloud based decentralized Web3 application and for his third pick he’s gone with Stacks (STX) which as of January was the #1 Web3 project on Bitcoin. Apps built on Stacks inherit all of Bitcoin’s advantages, marketability and network effects.

    Yuan is next with his first pick of Dai (DAI), of course someone had to pick a stablecoin. It’s main advantage however is that it is a multicallateral stablecoin, which means there is more than one asset backing it. His next pick is Tomb.finance (TOMB) which is an algorithmic stablecoin that is pegged to the price of Fantom (FTM). His last pick for the week is The Sandbox (SAND) which has proven to be a massive player in the metaverse space with major partnerships with Adidas, Snoop Dogg, Atari to name a few. Seems like Yuan has done his homework, will it be enough to win your vote though?

    Last but not the least we have Finneseth whose first pick is going to be Algorand (ALGO) which boasts fast transaction speed, low costs and a simplified staking experience and managed no major network outages or technical problems, quite the achievement. His second pick is DeFi Chain (DFI), a blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone with a total value locked (TVL) approaching $1 billion. His third and final pick of the week is The Graph (GRT) which has released modules designed to help companies easily create data graphs and get started with their Web3 experience. The competition is going to be tough this week so stick around till the end to cast your vote in the live poll and find out who comes out on top.

    After the showdown, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Biswap (BSW) and Origin Protocol (OGN) token.

    Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100.

    The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those like and subscribe buttons for all our future videos and updates.

  • Grayscale launches smart contract fund for Ethereum competitors

    Grayscale launches smart contract fund for Ethereum competitors

    Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks. 

    The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known by the ticker symbol GSCPxE, is the company’s 18th investment product. The fund will provide exposure to seven smart contract platforms at the following weightings:

    • Cardano (ADA): 24.63%
    • Solana (SOL): 24.27%
    • Avalanche (AVAX): 16.96%
    • Polkadot (DOT): 16.16%
    • Polygon (MATIC): 9.65%
    • Algorand (ALGO): 4.27%
    • Stellar (XLM): 4.06%

    Grayscale said the new fund is now open for daily subscription by accredited investors.

    Ethereum’s dominance as the premier smart contract platform is being challenged by competitors that claim to offer superior transaction speeds, lower costs and higher throughput capacity. While Ethereum continues to dominate the decentralized application space, the DeFi industry is becoming a more level playing field. Currently, Ethereum accounts for just over 55.4% of the total value locked on DeFi protocols, down from over 96% in January 2021, according to DeFi Llama.

    Ethereum remains the largest DeFi platform by total value locked, but its dominance has eroded over the past year. Source: DeFi Llama

    Grayscale is by far the world’s largest digital asset manager with over $36 billion in assets under management as of March 22. Assets under management reached north of $60 billion in November 2021 during the height of Bitcoin’s (BTC) record-breaking rally.

    Related: DCG announces $250M share repurchase for Grayscale products

    The Grayscale Bitcoin Trust, also known as GBTC, is the largest offering with over $26.4 billion in assets. As Cointelegraph reported, institutional investors have increased their exposure to GBTC in recent months as its discount to Bitcoin’s spot price widened.

  • Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra’s $3B BTC buy-in

    Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra’s $3B BTC buy-in

    Bitcoin (BTC) showed signs of wanting higher levels still on March 22 as Wall Street trading saw a return above $43,000.

    BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

    Terra co-founder: ‘Most of’ $3 billion still unpurchased

    Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued its newly confident stride to three-week highs.

    The pair had already gained thanks to encouraging macro signs from China, but it was news from within that really set the pace on the day.

    In a Twitter Spaces conversation with infamous Bitcoin pundit Udi Wertheimer, Do Kwon, co-founder of Blockchain protocol Terra, revealed that he planned to back his new TerraUSD (UST) stablecoin with BTC in addition to Terra’s LUNA token.

    “Haven’t been following up with the exact numbers ’cause transactions we generally do this over OTC, but the current clip that we have to buy big coin is about $3 billion and will will add to that,” he told Wertheimer about Terra’s BTC acquisition plans.

    “But out of that 3 billion, most of it we haven’t bought yet.”

    Those comments set the market alight as word spread, as sleuths eyed $125 million in Tether (USDT), seemingly tied to Terra already on the move.

    A $3 billion purchase would equate to around 69,850 BTC at current prices. That would make Terra a larger Bitcoin holder than every corporate investor except MicroStrategy, with its 125,051 BTC stash, data from monitoring resource Bitcoin Treasuries reveals.

    “I said more than I shoulda,” Kwon conceded at the weekend after the conversation.

    Reacting, meanwhile, Luke Martin, host of the WAGMI podcast, argued that the Terra’s was a “narrative worth paying attention to.”

    Sky-high BTC price forecasts evade social media

    The mood among Bitcoin traders was thus buoyant March 22, with all-out bullishness still hard to come by following months of relentless sideways price action.

    Related: Bitcoin hash rate may see ‘small capitulation’ with difficulty set for new all-time high

    “If Bitcoin can sustain those levels, it seems to me that we’re getting a period of some relief rallies across markets. Would be good,” Cointelegraph contributor Michaël van de Poppe concluded.

    Fellow trader Anbessa, meanwhile, delivered the immediate outlook for BTC/USD based on a bullish or bearish next reaction.

    Earlier, Cointelegraph reported on the push to over $43,300, liquidating a significant raft of short positions.

  • Crypto tattoos to the moon! Bitcoin and Doge ink searches doubled last year

    Crypto tattoos to the moon! Bitcoin and Doge ink searches doubled last year

    The crypto ecosystem houses some devoted followers who got the logo of their favorite cryptocurrency etched on their skin for life.

    According to the latest data from Crypto Head, more than 900 people worldwide have inked themselves with the Bitcoin (BTC) “B”, while Dogecoin (DOGE) tattoos and Ethereum (ETH) tattoos are on the rise.

    The research analyzed “Instagram hashtags and Google search volumes,” revealing crypto tattoo searches have increased by 222%. Despite lackluster price action, more and more crypto enthusiasts seek to get inked with a crypto logo.

    Followers of the first and seminal cryptocurrency, Bitcoin tattoos have been around for almost a decade while influential Bitcoiners were quick to ink themselves. Didi Taihuttu, a Bitcoin showman and father of the Bitcoin Family, was an early adopter of Bitcoin ink in 2017. His tattoo represents “freedom and no longer being part of the system.”

    Anita Posch, a Bitcoin author and podcaster, has a lightning bolt tattooed on her forearm. She explained in a German language Bitcoin documentary called “Human B” that to people that don’t know, the tattoo “represents energy.” A recipient of a recent Human Rights Foundation grant distributed in Satoshis, Posch is a passionate advocate for the lightning network.

    Anita Posch’ lightning tattoo on her right forearm. Souce: “Human B”, Youtube

    While Dogecoin is deep outside the top five cryptocurrencies, it remains the second most popular cryptocurrency tattoo search with 700 average monthly searches. However, the Dogecoin hype of 2021 is clearly on the wane.

    A huge peak in searches for Doge tattoo in early 2021 has since dropped off, (in red) despite Doge’ biggest fan, Elon Musk, continuing to popularize the currency.

    Google trends for crypto tattoo searches. Source: Google

    Plus, some of the Dogecoin tattoos on Instagram are a stretch from the logo of the original Shiba Inu dog.

    Dogecoin tattoo. Source: Instagram

    As for cryptocurrency tattoos, Ethereum’s logo of an octahedron, a diamond-shaped geometric figure is less inked with only 6 instagram posts. However, NFT tattoos–which were popularised on the Ethereum blockchain have been gaining in popularity.

    Related: $1 million rock NFT sells for a penny in all ore nothing error

    During the peak for NFT tattoos in late 2021 –as shown on the Google Trends graph– one Lazy Lion NFT collector said that if the floor price for the Lazy Lions reached 2 ETH, they would tattoo themselves.

    In March 2021, as the floor price for the Lazy Lions grinds down to 1.5 ETH, the ink remains permanent.

  • Bitcoin hits 3-week high as fresh impulse move sends BTC price to $43.3K

    Bitcoin hits 3-week high as fresh impulse move sends BTC price to $43.3K

    Bitcoin (BTC) saw a fresh impulse move overnight into March 22 as bulls briefly reclaimed $43,000.

    BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

    RSI hints at underlying strength

    Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $43,337 on Bitstamp Tuesday, the pair’s highest since March 3.

    The action contrasted with the lack of volatility since the weekend, and neatly fitted with the more bullish predictions surrounding near-term trajectory.

    For popular trader Crypto Ed, who had previously given $43,000 as a low-timeframe target, all was going to plan.

    Fellow analyst Matthew Hyland meanwhile eyed a potential breakout scenario for Bitcoin’s relative strength index (RSI) on the daily chart — a phenomenon which has often preceded price strength.

    BTC/USD 1-day chart (Coinbase) with RSI. Source: Matthew Hyland/ Twitter

    “BTC is a few hundred bucks away from the first higher high we’ve seen in a long time. Will it happen?” crypto market analyst Kevin Svenson added.

    Bitcoin had already sealed an impressive weekly close Sunday, its highest since early February, and now, macro cues were adding to the positive momentum once again.

    Trading was brisk for Asian markets on the day, the Hong Kong Hang Seng index up 3.15% at the time of writing.

    In Europe, however, there was little sign of a knock-on impact, while U.S. futures were likewise trending down prior to the Wall Street open.

    The push higher nonetheless did manage to squeeze out some short positions across cryptocurrency, as evidenced by data from on-chain monitoring resource Coinglass.

    Total 24-hour liquidations stood at $168 million at the time of writing.

    Crypto liquidations chart. Source: Coinglass

    Ethereum returns to $3,000 in altcoin copycat rally

    On altcoins, the picture likewise turned more rosy overnight.

    Related: Price analysis 3/21: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

    The top ten cryptocurrencies by market cap were led by Cardano (ADA), which was 5.8% up in 24 hours to cap weekly gains nearing 20%.

    ADA/USD 1-day candle chart (Coinbase). Source: TradingView

    Other major tokens fared almost as well, including Polkadot (DOT) and XRP.

    Ether (ETH), the largest altcoin, tapped $3,000 in step with Bitcoin’s rally before consolidating immediately under that psychologically significant level.

    ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView

  • Convex Finance could test $25 soon – The price action is bullish

    Convex Finance could test $25 soon – The price action is bullish

    • Convex Finance rallies as more DeFi protocols integrate it. 

    • Convex is also benefiting from increased bullish momentum in the broader market. 

    • Convex has broken through a key resistance level, indicating rising bullish momentum. 

    Convex Finance (CVX) has been one of the best cryptocurrency performers in the last 24-hours. This was triggered by the growing number of projects that are integrating Convex and offering investors a chance to earn a passive income off their Convex tokens.

    For instance, On March 16th, Rari Capital announced the launch of the Tribe Convex Pool. This pool leverages some of the latest technologies, such as Flywheel and ERC-4626 plug-ins. Thanks to these technologies, investors will be able to use their Convex Finance tokens as collateral in the Fuss protocol when borrowing.

    This came just days after another protocol, Enzyme, announced that Enzyme users could now use Convex to stake their Curve Finance tokens and grow their earnings. This is a big deal as it has increased the number of investors using Convex, which could translate to higher prices in the long run.

    However, it is not just the integrations driving investor interest in Convex Finance. Convex is also in a market currently on an exponential growth path. DeFi is on a growth trajectory as investors take advantage of the space’s passive income opportunities. This means projects like Convex Finance, which offers investors a chance to increase their bags without trading, will only get more popular.

    Convex is particularly interesting to investors because it is a relatively new project with a relatively small market cap. This means it has the potential to give an above-average return once the market turns bullish again.

    Convex Finance breaks through key resistance

    Source: TradingView

    Convex Finance has been on an uptrend since March 20th, and bullish momentum is rising. Bulls are so strong that, Convex has broken through $20.26, a price level where it experienced significant resistance over the weekend. If it sustains the current momentum, then $25 would be within reach in the short term. 

    Summary 

    Convex is gaining momentum after a series of critical integrations with multiple DeFi protocols. Convex Finance is also benefiting from growing interest in DeFi, and the fact that bullish momentum is on the rise in the broader market.

  • Shiba Inu breaks 100-day MA resistance: Can bulls sustain momentum?

    Shiba Inu breaks 100-day MA resistance: Can bulls sustain momentum?

    • Shiba Inu is trading in the direction of Bitcoin and the broader market. This is a good indicator as buying volumes are rising across the market.

    • Shiba Inu also has the support of its growing fundamentals, such as its Metaverse project.

    • Shiba Inu has already crossed the 100-day MA resistance, a pointer to rising buying volumes. 

    Shiba Inu (SHIB) made history in 2021 after it recorded gains of 48,000,000% just a year after launch. Today, anyone who put in just $100 in SHIB in early 2021 is a multi-millionaire. However, with the market heavily bearish, it is only natural to wonder, is SHIB still a good investment in 2022? The answer is yes. 

    Like the rest of the market, Shiba Inu prices have been depressed for the past few months, so it is nothing unique to Shiba Inu. Besides, Shiba Inu’s price has been moving in tandem with the rest of the market, so you can expect SHIB to rise if the broader market gains upside momentum.

    The best part is that bullish momentum seems to be on the rise in the broader market. For instance, Bitcoin has been gaining upside momentum in the last few days. While buying volumes are still relatively depressed, Bitcoin has managed to hold above the $40k support. This has also seen SHIB, and a host of other altcoins, gain upside momentum as well. If Bitcoin takes off from its current price, SHIB could rally as well. 

    Besides, the Shiba Inu team is working hard to add to the project’s intrinsic value. For instance, the team is currently building a Metaverse, a factor that will significantly add to the intrinsic value of SHIB going into the future. 

    SHIB breaks the 100-day MA resistance

    Source: TradingView

    In the last 24-hours, SHIB has been in a bullish reversal and has pushed through the 100-day MA resistance at $0.00002284. If bulls can sustain momentum and push through the 50-day MA at $0.00002348, Shiba Inu easily hit prices above $0.00002700 in the short term. 

    Summary

    With buying volumes rising in the broader market, Shiba Inu has good prospects of rallying in the short term. Besides the price action, the Shiba Inu team is working on a Metaverse, which could help drive up the value of SHIB long term.

  • Euroclear invests in Fnality to advance digital ledger technology strategy

    Euroclear invests in Fnality to advance digital ledger technology strategy

    On Monday, Euroclear, a securities clearing firm that claims it has over 37.6 trillion euros in assets under custody, announced an investment into Fnality, a consortium of financial institutions focused on the regulated adoption of tokenized assets and marketplaces, for an undisclosed amount. Meanwhile, Euroclear is also focusing on developing its distributed ledger technology, or DLT, to settle digital securities against digital cash through the partnership. 

    The solution aims to increase the speed and efficiency of post-trade operations in areas such as market issuance, collateral trades and servicing interest payments. Founded in 2019, Fnality International said that it seeks to improve the efficiency of central banks for payment settlements. Its notable shareholders include Barclays, CIBC, Credit Suisse, ING, Mizuho Bank Nasdaq and UBS. Regarding the development, CEO of Fnality International Rhomaios Ram said:

    “Welcoming Euroclear Group as an investor into the Fnality International consortium will significantly enhance the diversification of Fnality’s network and expand our footprint around Financial Market Infrastructure.”

    Meanwhile, Lieve Mostrey, CEO of Euroclear Group, added: “We are pleased to be working with Fnality and our clients in shaping a solution on wholesale digital cash and digital securities settlement for the benefit of the whole industry.” Previously, Euroclear had led a central bank digital currency, or CBDC, experiment to settle French government bonds on the DLT in a partnership with the Banque de France. The Euroclear Group settled the equivalent of 992 trillion euros (roughly $1.09 quadrillion) in securities transactions in 2021 across 295 million transactions.

  • OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4

    OCEAN gains 86.4% in March ahead of Q2 launch of Ocean v4

    Data security and accessibility have become important issues of the modern age as the world slowly progresses towards a Web3 future that establishes blockchain technology as the underlying infrastructure for the new internet.

    One project that is looking to capitalize on this growing trend by establishing tools for the new Web3 data economy is Ocean Protocol (OCEAN), a blockchain ecosystem that helps individuals and businesses unlock the value of their data and monetize it through the use of datatokens.

    Data from Cointelegraph Markets Pro and TradingView shows that, over the past two weeks, the price of OCEAN has rallied 86.4% from a low of $0.40 on March 7 to a daily high of $0.748 on March 21 amid a 562% surge in its 24-hour trading volume to $321 million.

    OCEAN/USDT 4-hour chart. Source: TradingView

    There are three main reasons for OCEAN’s price rally: the upcoming launch of Ocean v4, the addition of new projects to the Ocean protocol, thanks to the ongoing OceanDAO grant program and an expanding list of data partners that bring real-world use cases to the ecosystem.

    The upcoming launch of Ocean v4

    One of the biggest developments boosting OCEAN’s momentum in March is the upcoming launch of Ocean v4, which is currently in public testing and is expected to go into production in the second quarter of 2022.

    According to the project, Ocean v4 will include several upgrades including a mechanism that purports to solve rug pulls in the datatoken pools by eliminating the initial datatokens provided to publishers. The new protocol upgrade will also see the introduction of data NFTs, which add nonfungible token capabilities to base intellectual property (IP) as a way to help increase revenue streams, as well as the addition of new ways for the community to monetized data.

    Ocean v4 will initially be deployed on the Ethereum Virtual Machine (EVM) chains that currently support v3, including the Ethereum mainnet, Polygon, BNB Smart Chain, Moonriver and Energy Web Chain, and will be deployed on additional EVM chains over time.

    OceanDAO grants

    A second factor helping to strengthen the outlook for OCEAN is the ongoing OceanDAO grant process, which helps new projects launch on the network. 

    The Ocean Protocol Foundation originally announced its $140 million grant initiative back in October 2021 as a way to help fund projects in the Web3 data economy that were interested in using Ocean’s data markets and data unions.

    OceanDAO recently completed the 15th round of grant rewards, which was won by TalentDAO, a protocol designed to address the lack of scientifically validated surveys for studying organizational health in the context of DAO contributors.

    The 16th round of OceanDAO is now underway, offering a pool of 200,000 OCEAN tokens available for funding. The submission deadline is April 5.

    Related: Marshall Islands officially recognizes DAOs as legal entities

    New data partners

    The addition of new data partners to the Ocean Protocol ecosystem is a third factor helping to boost the overall outlook of OCEAN as they represent real-world adoption of the Open Data Economy.

    Dimitra Technology is the latest company to partner with Ocean as a way to help agricultural producers leverage blockchain technology and data to produce higher yields.

    The protocol has also announced the launch of Ocean Shipyard, which is designed to help fund entrepreneurs who are looking to build open-source Web3 solutions on Ocean Protocol and create value for the Ocean ecosystem.

    VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for OCEAN on March 19, prior to the recent price rise.

    The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

    VORTECS™ Score (green) vs. OCEAN price. Source: Cointelegraph Markets Pro

    As seen in the chart above, the VORTECS™ Score for OCEAN climbed into the green on March 19 and hit a high of 78 around 14 hours before the price increased 54% over the next day.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.