• Dash (DSHUSD on xStation5) and Ethereum (ETHUSD) establish their new peaks
  • Vancouver-based start-up launched CryptoKitties in order to make blockchain technology less intimidating
  • Bitcoin (BTCUSD) could become a ’niche’ product according to ING’s top economist

The Bitcoin price has settled down of late but we cannot say the same about other crytpocurrencies. This is especially true when it comes to Dash and Ethereum as both have already set their fresh highs. There were no specific reasons standing behind those increases nevertheless it’s worth writing about an interesting event which took place yesterday. COBINHOOD, a cryptocurrency service platform, announced on Monday the launch of the world’s first zero-fee and high-frequency digital currency trading platform. The platform will allow to monitor and trade Bitcoin and Ethereum albeit a range of virtual currencies will be broadened in the future.

link do file download linkDash (DSHUSD) keeps on climbing higher after a breakout of an ascending channel. Source: xStation5

Let’s begin a technical overview with Dash price action as it has surged recently to its new record high. Notice that a breakout of an ascending channel took place over the weekend and the price continued its rise yesterday. Based on a technical view we could assume that the ongoing rally might run into its first more notable resistance nearby $1275 where is a range resulting from width of a broken channel.

link do file download linkEthereum (ETHUSD) creeps up after a test of its key support line at $675. Source: xStation5

A technical landscape for Ethereum looks encouragingly as well. The price has resumed its rally after a few sessions of a consolidation around a support placed at $675. Having said that one can second-guess that the digital currency will be keeping on its increase as bulls could aim for a $900 mark as their next target.

Apart from a technical analysis it’s worth mentioning a Vancouver-based start-up Axiom Zen which launched CryptoKitties in a bid to make blockchain technology less intimidating. CryptoKitties is a virtual game that allows users to buy, sell and breed digital cats in order to increase understanding of blockchain among ordinary people. According to Roham Gharegozlou, being Axiom Zen’s founder and CEO, CryptoKitties accounted for roughly 20% of the traffic on the Ethereum network making significant delays. Since then a number of improvements have been made to both the game and the underlying Ethereum platform to get things moving smoothly again, he added.

link do file download linkBitcoin (BTCUSD) has been on the sidelines of late being stuck between $19,600 and $17,500. Until those levels are broken, moves of the price ought to be muffled. Source: xStation5

Finally let’s write something about Bitcoin even though it’s been barely changed lately. According to the chief economist of ING Teunis Brosens Bitcoin will likely wind up as a niche financial product as in the long-term it has little to offer to a wider audience. While Brosens cast a shadow on the most famous cryptocurrency he was more constructive with regard to blockchain. He said that it’s an impressive technology that may bring progress to a variety of fields ranging from finance to health care.