Ethereum and other Alt Coins continue to grow after closed door G-20 Discussions

By | March 21, 2018

Ethereum and other Alt Coins continued to grow after G-20 Discussions: Most of the major cryptocurrencies gained for 2 days in a row on Tuesday after the finance ministers had a productive discussion about cryptocurrencies and other digital assets which took place at a G-20 meeting in Argentina.

Ethereum had bounced back after a support of level of $518. Even on Tuesday, it tested this level and but was able to end the day on a bullish note. This level is key as it was a resistance level in December 2017. There are some indicators that also suggest that digital coins are oversold and due for a rebound.

Despite this, we cannot be sure that the downtrend for digital currencies such as Ethereum has come to an end for good. As per the daily chart, the ETH/USD  price remains bearish.

Ethereum still remains as the world’s second largest cryptocurrency after Bitcoin and has a market cap of over $55 billion.

Also: Twitter CEO, Jack Dorsey terms Bitcoin as internet’s ‘Single Currency’

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About Joel Picardo

Joel Picardo has been in the Cryptocurrency space from the last 2 years and got to know about it through his mentor Arvind Borhade (CTO at U.CASH). He is also currently managing the operations at UCASH India. He is an individual filled with optimism and destined to be a billionaire in the future. His work ethic and dedication are second to none. He believes that Bitcoin and Blockchain would create a world of new opportunities.

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