Traders Getting High on HempCoin
HempCoin is a Scrypt algorithm coin like Litecoin and countless other Bitcoin alternatives, but unlike most, it has a publicly traded company, Rocky Mountain Ayre, backing it. Interest seems to be increasing in the coin, which is one of the many currencies targeting marijuana dispensaries and other legal marijuana entities which have banking issues due to federal regulations in the United States. Speculators, too, have seen utility in the coin, having gained roughly 1000% over the few weeks since June 25th. As seen in the chart below, a steady incline has been tread by the trades, and....
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In the medium term, technical analysts and traders believe Bitcoin (BTC) is headed for an extended uptrend. For BTC to reach for a new all-time high, traders pinpoint $13,000 as the main resistance level. In the past two years and a half, Bitcoin surpassed $13,000 only once in July 2019. The price of BTC briefly […]
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