Cryptocurrency forecast

Cryptocurrency assets rose again in price throughout Wednesday. Bitcoin reached the mark of $ 3835. Ethereum increased in price by almost 10% and reached a key resistance level of $ 150. The price of XRP has increased to the level of $ 0.3700.

The recovery of the crypto-currency market was not prevented by the news that appeared yesterday about the probable transfer of the Central Bank of India's launch of its own cryptocurrency, which followed after tightening the rules of control over the work of crypto-currency exchanges. According to some sources, the government of India is no longer interested in creating a digital currency.

A significant increase in the last days let the Ethereum snwa to take second place in the ranking of cryptocurrencies, ahead of XRP. The current market capitalization of ether is 15.2 billion dollars, which is 400 million more than XRP. It is possible that the main reason for the current recovery in the price of Ethereum is the positive expectations of the activation of the hard fork Constantinople from 14 to 18 January. The Constantinople hard fork contains a number of code changes and optimizations. In particular, they include the transfer for 18 months of the so-called "complexity bomb", contributing to timely upgrades, and also suggest reducing the reward for miners from 3 to 2 Ethereum coins for the extracted block.

The largest crypto-exchange in terms of trading volume, OKEx launched perpetual swaps on Ethereum Classic and Litecoin. Features of perpetual swaps are the lack of expiration date and the ability to open both long and short positions using leverage. Earlier, OKEx launched similar tools for Bitcoin Cash, Ethereum and Bitcoin.

In our forecast for today's trading we expect further recovery of cryptocurrency assets. We expect Bitcoin exchange rate growth to the resistance levels of 3900, 4000 and 4100 dollars, Ethereum strengthening to the levels of 153, 155 and 158 dollars and XRP price growth to the values of 0.3750, 0.3800 and 0.3900 dollars.