Daily market review for 19.06.2018

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2018-06-20 06:54:58

In France, the Chain Accelerator, a blockchain-incubator aimed at the nascent but fast-growing sector, is launched.

Among its tasks is to help the start-up blockchain companies in search for funds, as well as assistance in ICO conducting and the development of technologies. The government believes that this project will allow Paris to become the world's ICO-capital.

“Chain Accelerator will establish a global and operational network in Paris, on the basis of which the best minds will work together, it will allow us to expand the circle participants in this industry and will allow blockchain projects to develop protocols for all sectors”, co-founder of Chain Accelerator, Nicolas Cantu, said.

Thanks to partner relations with 30 veterans of the technical and financial industries (the representatives of Hyperloop Transportation Technologies, SWIFT, Ledger and other experts participated in the development), Chain Accelerator will offer its customers a wide range of services: technical prototyping, business development, recruitment, marketing, public relations, funding guidance, ICO support and advice on creating tokens.

After six months of testing, Chain Accelerator already supports 13 blockchain start-ups.

“The decentralized ecosystem of the blockchain is distinguished by its global and international character. Innovation occurs everywhere, talents are rare, the need for support is simply necessary. Chain Accelerator will provide a technology that meets the needs of the start-ups,” a member of the French National Assembly, Pierre Person, said.

Now, let's move to the technical analysis of bitcoin (BTC):

So, our yesterday's forecast for growth was accurate. Bitcoin leaned on the support level of $6,370 and started to growth. Now, it has conquered the level of $6,670 and stays there. The next resistance level is at $7,070. We assume a strong movement to this level, provided that bitcoin quickly overcomes the $6,820 mark.

Technical analysis of Ethereum (ETH):

Ethereum also did not disappoint us and fully realized our yesterday's forecast. It pushed away from the support level of $480, passed the level of $500, more than enough. It stopped at $515 and is preparing to grow to $530. The next resistance levels of $530 and $590 are waiting for it.

 

Technical analysis of Ripple (XRP):

Ripple does not lag behind bitcoin and ethereum in the dynamics of growth. Our yesterday's growth forecast was also quite accurate. It pushed away from the level of $0.49 and rose to $0.54. Now, slightly correction can be observed. In the process of growth, resistance levels of $0.54 and $0.60 are waiting for ripple. If it easily overcomes the level of $0.54, then it has all chances to quickly reach the level of $0.60.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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