Bitcoin, Ehtereum and XRP forecast for today, September 28, 2021
The price of bitcoin fell to the level of $42900. Ethereum has fallen to the support level of 2900, and XRP is trading at 93 cents. The total capitalization of the digital currency market was $1.89 trillion.
The cryptocurrency market is still under pressure due to the strict restrictions of the Chinese government. Two of the largest mining pools in the country are forced to take drastic measures due to bans. Manufacturers of ASIC miners and pools turned out to be the last large enterprises in China involved in the cryptocurrency industry. And a complete ban on operations with cryptocurrencies for business dealt them the last serious blow.
The largest bitcoin mining pool, F2Pool, refused service to miners from China. And Sparkpool, the second largest Ethereum mining pool, is forced to go even further and completely stop its activities. After blocking users from China last Friday, the Sparkpool administration continued to disable miners and plans to suspend the work of all registered users of the mining pool on September 30, both in China and abroad.
The first algorithmic Djed stablecoin will be launched on the Cardano network. The developers said that the cost of the Djed token will be provided by smart contracts. The algorithms will operate with the stocks of the base coins so that the price of Djed is about a dollar. It is expected that the demand for stablecoin will be huge, as it can be used to pay commissions on the Cardano network. In addition, the token is being developed with an eye to using decentralized finance in projects. Over the past few years, blockchain users have been using stable cryptocurrencies for everyday operations, as they provide the possibility of fast and unhindered movement of funds, regardless of the location of the sender and recipient. The developers believe that the appearance of Djed in the Cardano network will significantly improve the calculation of transactions on the platform and increase the demand for the blockchain token.
The forecast assumes a decline in the price of bitcoin to the levels of 42700, 42300 and 42000 dollars. Ethereum will decline to the levels of 2850, 2800 and 2700 dollars, and XRP - to the price values of 90, 87 and 85 cents.