Cryptocurrency - 4 months ago

Predict the Closing Price: Best Prediction Wins One (1) Ethereum Coin

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GRAND PRIZE: 1 Ethereum Coin

If there are ties, a random drawing will determine the winner.

Remaining ties will receive a $50 Amazon gift card as a consolation prize.

WINNER: Greg Benfield (Rank #1)

Divider

 

FRIDAY, FEBRUARY 23rd as of 8AM
THE CROWD’S PICK FOR FRIDAY’S 5PM ETHEREUM CLOSE IS $967.08

CRYPTOCURRENCIES REBOUND LED BY ETHEREUM 

Screen Shot 2018-02-23 at 9.02.18 AM

How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.  
DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency. 

 

WEEKLY GAME UPDATE:

YOU “THE CROWD” ARE STILL PREDICTING A HIGHER PRICE FOR ETHEREUM AHEAD OF FRIDAY’S CLOSING PRICE:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  For now, the crowd remains bullish.
PRICE TARGET PREDICTIONS VS LAST PRICE TIGHTEN AHEAD OF THE 5PM  CLOSE:  After widening midweek, the spread between the price of Ethereum versus the Crowds Price Target has narrowed significantly.  As of 24-hours ago the spread was over 20% but has tightened to a discount of only 11%.
 
Screen Shot 2018-02-23 at 9.02.27 AM


 
TODAY’S CRYPTOCURRENCY NEWS HEADLINES

* BITCOIN BACK TRADING ABOVE $10,000
 
*ETHEREUM PRICES RECOVER; REBOUNDING NEARLY 5% IN EARLY TRADING
 
* CRYPTOCURRENCY CROWD  CHALLENGE ENDS TODAY AT 5PM
 
 

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

TECHNOLOGICAL UPGRADE TO BITCOIN EXPECTED TO IMPROVE SPEED OF TRANSACTIONS

 A much herald upgrade to Bitcoin’s network is expected to lower transaction fees and speed up transaction times.  The upgrade is called “SegWit” and many industry professionals believe the adoption is undoubtedly positive for bitcoin as it greatly impacts transaction fees, speed, and future tech possibilities.  More importantly is that this is one of many upgrades that will help improve Bitcoin’s functionality as a transactional currency and now simply a store of value.

PLATTS INTRODUCES BLOCKCHAIN:  The Financial Time is reporting that PLATTS deploys blockchain to track crude oil storage in UAE.

VENEZUELA’S CRYPTO THE PETRO IS NOW PART OF THE COUNTRY’S MONEY SUPPLY:  Venezuela’s President Orders Companies to Accept Petro.

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,100 as a near term target and hence the next level of resistance.  
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

Thursday, February 22nd as of 8AM EST
THE CROWD’S PICK FOR FRIDAY’S 5PM ETHEREUM CLOSE IS $967.08

CRYPTOCURRENCIES SELL OFF HARD OVERNIGHT

  Screen Shot 2018-02-22 at 8.45.31 AM
How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.  
DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.

WEEKLY GAME UPDATE: 

YOU “THE CROWD” ARE STILL PREDICTING A HIGHER PRICE FOR ETHEREUM AHEAD OF FRIDAY’S CLOSING PRICE:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  It is still early, as the rules for the prediction game allows new participants to submit price targets guessing Ethereum’s closing price on Friday February 23, 2018 up until this coming Wednesday.  But for now, the crowd remains bullish.

Screen Shot 2018-02-22 at 8.45.40 AM 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

*BITCOIN FIGHTING TO STAY ABOVE $10,000
 
*ETHEREUM PRICES FALLS AGAIN NEARING $800
 
* UK TREASURY TO CONDUCT AN INQUIRY INTO CRYPTOCURRENCIES

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

UK TREASURY LAUNCHES INQUIRY INTO CRYPTOCURRENCIES: The UK Treasury announced that it is examining the role of cryptocurrencies in Britain.  It seems to be an exercise in understanding the opportunities and risks of blockchain.

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,100 as a near term target and hence the next level of resistance.  
  •  BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

Wednesday, February 21 – as of 8AM 
YOUR PREDICTIONS ARE DUE BY 5PM TODAY

THE CROWD REMAINS CONFIDENT IN ETHEREUM TRADING HIGHER

 Screen Shot 2018-02-21 at 8.22.17 AM 
How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool toidentify a valuation difference in the marketplace. 
DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.

WEEKLY GAME UPDATE: 

YOU “THE CROWD” ARE STILL PREDICTING A HIGHER PRICE FOR ETHEREUM AHEAD OF FRIDAY’S CLOSING PRICE:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  It is still early, as the rules for the prediction game allows new participants to submit price targets guessing Ethereum’s closing price on Friday February 23, 2018 up until this coming Wednesday.  But for now, the crowd remains bullish.
 Screen Shot 2018-02-21 at 9.12.11 AM

TODAY’S CRYPTOCURRENCY NEWS HEADLINES 

*BITCOIN PRICE SLIPS OVERNIGHT BACK TO THE $11,000 LEVEL
 
*ETHEREUM PRICES FALL BELOW $900
 
*THE STATE OF WYOMING BECOMING MORE CRYPTOCURRENCY FRIENDLY
 
 

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES 

MARGINAL MINING COSTS RISE:  There are reports that the marginal cost for mining a new bitcoin is approximately $26,170.

THE STATE OF WYOMING BECOMING MORE CRYPTOCURRENCY FRIENDLY:  Wyoming passes cryptocurrency friendly bills.  The state legislators passed 2 bill that help to clarify its position towards cryptocurrencies.  One bill address that sales tax issue, which crypto exchanges are now exempt from paying. The other bill, set rules on what qualifies as a utility token.  Importantly, Wyoming has attracted  crypto miners to the state due to its low power costs.

LAUNCHING THE PETRO CRYPTOCURRENCY: Venezuela is expected to launch its Petro Cryptocurrency today.  The intrinsic value of the Petro is based on the price of crude oil that remains in the country’s reserves.  In other words, oil that has yet to be produced.  This will be an interesting experiment to watch!

 

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,100 as a near term target and hence the next level of resistance. 
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

Tuesday, February 20, 2018  – as of 8AM EST

THE CROWD’S ETHEREUM PRICE PREDICTION REMAINS FIRMLY HIGHER  

Screen Shot 2018-02-20 at 10.10.14 AM

How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.  
DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.
PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency. 

WEEKLY GAME UPDATE: 

* 36-HOURS LEFT TO SUBMIT PREDICTION PICKS:  Remember, the winner for The Crowds Line Crypto Challenge Prediction Game  will be decide on Friday.  All predictions need to be submitted by 5PM on Wednesday February 21st.
YOU “THE CROWD” ARE STILL PREDICTING A HIGHER PRICE FOR ETHEREUM AHEAD OF FRIDAY’S CLOSING PRICE:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  It is still early, as the rules for the prediction game allows new participants to submit price targets guessing Ethereum’s closing price on Friday February 23, 2018 up until this coming Wednesday.  But for now, the crowd remains bullish.
 
Currency Coin
Ticker
Last Price
Change
% Change
Bitcoin
BTC
$11,340.64
+$401.80
3.67%
Bitcoin Cash
BCH
$1,498.01
$-17.92
-1.18%
Ethereum
ETH
$933.90
$-11.60
-1.23%
Litecoin
LTC
$240.82
+$18.52
8.33%
Ripple
XRP
$1.09
-0.012
-1.12%


TODAY’S CRYPTOCURRENCY NEWS HEADLINES

*BITCOIN TRADES ABOVE $11,000; NOW BATTLING TO STAY ABOVE THE 11,100 RESISTANCE LEVEL
 
*ETHEREUM PRICES DRIFTS LOWER; THE CROWD REMAIN POSITIVE
 
* POST LITECOIN’S SUCCESSFUL FORK LEADS TO MOMENTUM BUYING
 

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

*BITCOIN CODE ENHANCEMENT TO HELP SCALE THE NETWORK:  There are several of examples of how advances in technology has helped to transform and improve certain industries.  The internet is probably one of the greatest examples of how technology advancements has help to make the internet more robust.  In respect to bitcoin, developers are set to release in the coming days updates related to the SegWit which aims to improve transaction speed and reduce related costs.

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin is batting through the resistance level of $11,100.  
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin remains at the $8,600 level.

Monday, February 19 – as of 8:00AM EST

THE CROWD REMAINS CONFIDENT IN ETHEREUM TRADING HIGHER

Screen Shot 2018-02-19 at 9.34.02 AM

How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.

A BUY SIGNAL is considered to be a positive or bullish signal since The Crowd’s prediction is a higher price vs. last price of the cryptocurrency.

A SELL SIGNAL is considered to be a negative or bearish signal since The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

WEEKLY GAME UPDATE:

YOU “THE CROWD” ARE STILL PREDICTING A HIGHER PRICE FOR ETHEREUM AHEAD OF FRIDAY’S CLOSING PRICE:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  It is still early, as the rules for the prediction game allows new participants to submit price targets guessing Ethereum’s closing price on Friday February 23, 2018 up until this coming Wednesday.  But for now, the crowd remains bullish.

Screen Shot 2018-02-19 at 10.30.11 AM

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

*BITCOIN FINALLY BREAKS THROUGH THE $10,000 TECHNICAL RESISTANCE LEVEL

*ETHEREUM PRICES NEARED $1,000 BEFORE SETTLING LOWER

 *SO FAR, SO GOOD, INVESTORS SEEM POSITIVE ON LITECOIN’S FORK

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

  • LITE COIN FORK GIVES WAY TO NEW CRYPTOCURRENCY: The much anticipated Litecoin (ticker LTC) fork on Sunday night created a new cryptocurrency called Litecoin Cash (ticker LCC).  For investors not familiar with the term fork, it is similar in appearance to what is known as a spinoff in stock trading.  Both try to unlock additional value for holders.  In the case of a stock spin off the newly spun company is expected to be worth more as an independent entity than as parts of the larger business.  As for the hard fork, the reasons for this according to developers are technological benefits and not simply “free money”.  At the moment, investors seem happy post-fork.
  • STARBUCKS & DUNKIN DONUTS TALK BITCOIN PAYMENTS: The next time you buy a cup of coffee you may be able to pay for it with Bitcoin.  Well, not today, but according to Starbucks and Dunkin Donuts they are discussing this possibility.  This may help pave the way for cryptocurrencies such as Bitcoin to gain broader acceptance as a medium of exchange.

 

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000. Looking ahead, an upward sloping channel points to $11,100 as a near term target and hence the next level of resistance.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

LAST PRICE INFORMATION (AS OF 7:55AM EST, SUN, FEB 18, 2018)

ETHEREUM

$934.02

+3.94%


LAST PRICE INFORMATION (AS OF 12:00PM EST, SAT, FEB 17, 2018)

ETHEREUM

$973.66

+3.96%


 

THE CROWD’S PREDICTION REMAINS CONFIDENT IN A NEAR TERM HIGHER PRICE FOR ETHEREUM

LAST PRICE INFORMATION (AS OF 12:00PM EST, FRI, FEB 16, 2018)

BITCOIN

$10,129

+2.27%

ETHEREUM

$936.66

+2.03%

LITECOIN

$231.49

+11.77%

BITCOIN CASH

$1,496.29

+11.68%

RIPPLE

$1.10

+1.49%

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

BITCOIN IS TRADING ABOVE $10,000 ON ANALYST’S PREDICTION 

* ETHEREUM EDGES GAINS NEARLY 2% TODAY AS THE CROWD’S LINE SUGGEST A HIGHER PRICE NEXT WEEK

* LITECOIN OUTPERFORMS PEERS ON EXPECTED FORK FROM THE ORIGINAL COIN ON SUNDAY EVENING

  

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

 * POSITIVE COMMENTS ON BLOCKCHAIN:  During a CNBC interview, Cyber security investor Robert Herjavec makes constructive comments on blockchain as well as likely coming regulation that will eventually help the viability of crypto currencies.

*LITECOIN OUTPERFORMS PEERS: Litecoin’s price had vaulted Wednesday after it announced its forthcoming payment processor LitePay will allow businesses to accept Litecoin payments from customers anywhere in the world, according to Investor Business Daily.

 

THE CRYPTOCURRENCY CROWD’S PREDICTIONS

YOU “THE CROWD” PREDICTS A HIGHER PRICE FOR ETHEREUM:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  It is still early, as as the rules for the prediction game allows new participants to submit price targets guessing Ethereum’s closing price on Friday February 23, 2018 up until this coming Wednesday.  But for now, the crowd remains bullish.

 

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin continues to fight the old resistance level of $10,000.  It’s a widely followed level given it’s round number significance.  When Bitcoin broke through the $10,000 level in late November, it encouraged a huge upside follow through laced with emotion and buying in panic.  This time around expect traders to be a bit more patient. A short term pause would be a healthy development.
  • TECHNICAL NEAR-TERM TARGET:  An upward sloping channel points to $11,100 now as a near term target.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $8,000.

 


LAST PRICE INFORMATION (AS OF  7AM EST Friday, Feb 16, 2018)

BITCOIN

$9,846.46

-0.27%

ETHEREUM

$921.36

+0.34%

LITECOIN

$216.49

+1.89%

BITCOIN CASH

$1,474.29

+10.18%

RIPPLE

$1.08

-1.17%

 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

BITCOIN BRIEFLY TRADES ABOVE $10,000 ON ANALYST’S PREDICTION

* ETHEREUM EDGES SLIGHTLY HIGHER 

* LITECOIN OUTPERFORMS PEERS

 

SUMMARY OF OTHER CRYPTOCURRENCY STORIES IN THE NEWS

 * ANALYST MAKES A BULLISH PREDICTION ON BITCOIN: Fundstrat’s analyst Tom Lee said: ‘Bitcoin recoveries take 1.7 times the duration of the decline and this implies that 85 days are needed to recover prior highs.  ‘This is July 2018.’  

Time will tell of course, but with limited research in the cryptocurrency marketplace his statement immediately gave a boost the the price of Bitcoin which finished the day trading above $10,000 per coin.

LITECOIN OUTPERFORMS PEERS: Litecoin’s price had vaulted Wednesday after it announced its forthcoming payment processor LitePay will allow businesses to accept Litecoin payments from customers anywhere in the world, according to Investor Business Daily.

 

THE CRYPTOCURRENCY CROWD’S PREDICTIONS

YOU “THE CROWD” PREDICTS A HIGHER PRICE FOR ETHEREUM:  The launch of The Crowd’s Line game aimed at predicting the closing price of the cryptocurrency Ethereum has already offered insight into its price direction.  This unique valuation tool suggests that prices finish higher from today’s price.  It is still early, as as the rules for the prediction game allows new participants to submit price targets guessing Ethereum’s closing price on Friday February 23, 2018 up until this coming Wednesday.  But for now, the crowd remains bullish.

 

CRYPTOCURRENCY TECHNICALS (unchanged from previous update)

  • BITCOIN RESISTANCE:  Bitcoin technical resistance remains at $10,000.
  • TECHNICAL NEAR-TERM TARGET:  An upward sloping channel points to $11,000 as a near term target.
  • BITCOIN DOWNSIDE SUPPORT:Downside technical support for Bitcoin is $8,000.

 

LAST PRICE (AS OF 8:30AM EST, Thur, Feb 15, 2018)

  • BITCOIN: $9,717 +4.62%
  • ETHEREUM: $926 + 2.10%
  • LITECOIN: $225 +8.70%
 –

TODAY’S NEWS HEADLINES:

BITCOIN NEARS $10,000 PER COIN IN EARLY TRADING

* ETHEREUM GAINS MORE THAN 10% SINCE TUESDAY

* THE PRICE OF ETHEREUM HOLDING FIRMLY ABOVE $900 PER COIN

SAUDI ARABIA CENTRAL BANK SIGNS BLOCK CHAIN DEAL WITH RIPPLE

OTHER CRYPTOCURRENCY NEWS STORIES:

*SOUTH KOREA GOVERNMENT ADDS CONFIDENCE TO THE CRYPTOCURRENCY MARKETPLACE:  South Korea vows firm action against ‘illegal’ and unfair cryptocurrency trading.

*HEDGE-FUND PIONEER INVESTING IN A COMPANY LEVERED TO CRYPTOCURRENCY:  Soros’ fund buys shares of cryptocurrency play Overstock.com while dumping Facebook.  Shares of Overstock have risen over 200 percent in the last year after the company announced plans to jump into the digital coin-trading business in September.

*EUROPEAN CENTRAL BANK GIVE SUPPORTIVE COMMENTS ON CRYPTOCURRENCIES:  Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears.

 

CRYPTOCURRENCY TECHNICALS

* BITCOIN RESISTANCE:  Bitcoin technical resistance remains at $10,000.
* TECHNICAL NEAR TERM TARGET:  An upward sloping channel points to $11,000 as a near term target.
* BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $8,000.

WEDNESDAY’S TOP HEADLINES

*CRYPTOCURRENCIES BITCOIN & ETHEREUM  JUMP BY MORE THAN 6% TODAY

*BITCOIN IS NOW TRADING ABOVE $9,000 PER COIN, FIRST TIME SINCE FEB 2nd

* ETHEREUM NEARING $900 PER COIN

***** WHAT’S DRIVING CRYPTOCURRENCY PRICES TODAY *****

SOUTH KOREA REMOVES UNCERTAINTY OF AN OUTRIGHT BANN ON CRYPTO TRADING:  South Korea Responds To Public Petition: No Crypto-Trading Ban, But Gov’t Still Divided.

POSITIVE GROWTH EXPECTATIONS OF CRYPTO MARKETS:  Jesse Powell, chief executive officer of cryptocurrency exchange Karken, told CNBC that the valuation of the entire cryptocurrency market is expected to reach $1 trillion in 2018.

*****  TECHNICAL CHART TRADING HIGHLIGHTS *****

NEXT LEVEL OF RESISTANCE:  This recent push higher has broken a five week downward sloping channel. Next resistance is near 10k. Many eyes will be on that level for obvious reasons.

NEXT TECHNICAL PRICE TARGET:  A measured move from that channel targets approximately 11k. The 38.2% retracement level of the Dec – Feb decline = 11,113, as well. Long-term, Bitcoin respected that 13 month upward sloping channel on a closing basis, which seemed to trigger some renewed buy side interest.

DOWNSIDE PROTECTION:  Downside, the $8,000 level is support.

How to Play the Cryptocurrency Challenge:

The Crowd’s Line winning prediction will be determined on Friday, February 23, 2018, using the 5PM EST Price. The Crowd’s Line Cryptocurrency Challenge is played online for FREE.

To play, contestant much submit a prediction by Wednesday, February 21, 2018, at 5PM EST for the price of an Ethereum Coin. Not only do contestants have a chance to win an Ethereum coin, They also can see what the crowd is predicting for Cryptocurrency Challenge.

Give it a try. It’s fun, easy and objective! Very different!

  • Friday, February 23, 2018, using the 5PM EST price is determined by Bloomberg

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