Day: February 1, 2020

This Simple Chart Observation Says XRP’s Price May Soon Burst Higher

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Like it or not, XRP hasn’t fared too well over the past few years. Since its blow-off top in January of 2018, during which the cryptocurrency traded above $3.00, the price of XRP has crashed, falling to $0.24 where it is now and as low as $0.17. That represents an over 90% drop from the all-time high. Even in 2019, when Bitcoin gained over 90%, the popular altcoin tanked by 50% against the U.S. dollar, failing to break the steep downtrend it was caught in. But, analysts say that Bitcoin…

This Simple Chart Observation Says XRP’s Price May Soon Burst Higher

boss

Like it or not, XRP hasn’t fared too well over the past few years. Since its blow-off top in January of 2018, during which the cryptocurrency traded above $3.00, the price of XRP has crashed, falling to $0.24 where it is now and as low as $0.17. That represents an over 90% drop from the all-time high. Even in 2019, when Bitcoin gained over 90%, the popular altcoin tanked by 50% against the U.S. dollar, failing to break the steep downtrend it was caught in. But, analysts say that Bitcoin…

Portfolios with Bitcoin Allocation Outperform Traditional Investments

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Bitcoin (BTC) was the best performing asset of the decade according to a recent report by Cointelegraph and earlier this week Morgan Creek Capital CEO, Mark Yusko, said that every investment portfolio should have a minimum 1% Bitcoin allocation.  Yusko made the comments during an interview with Max Keiser on the Keiser Report, published on Jan. 30. Keiser also noted that portfolios with a 1% allocation to Bitcoin have also outperformed nearly all other investments of the past five years.  Over the past 6 years, due to its volatile nature,…

Cardano Will Become “the Most Decentralized Cryptocurrency in the World”

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Cardano will become the most decentralized cryptocurrency in the world, 50 to 100 times more decentralized than Bitcoin once all its upgrades are implemented. At least that’s the word according to Cardano co-founder and CEO of IOHK Charles Hoskinson, who caught up with Cointelegraph at CV Summit, a day-long crypto event running alongside the 50th edition of the World Economic Forum in Davos, Switzerland. Speaking with Cointelegraph’s Kristina Cornèr, Hoskinson said he believes the hard fork, consisting of an implementation of the Ouroboros Bizantine Fault-Tolerant Consensus Protocol, will be seamless…

“Bitcoin Cash Is Not Bitcoin”

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In a recent tweet, Ethereum network co-founder Vitalik Buterin said Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same.  “Bitcoin Cash is not Bitcoin,” Buterin said in a Feb 1 tweet responding to Brad Mills’ accusation of Buterin as Bitcoin Cash promoter.  Several tweets exist that might suggest Buterin is not 100% against BCH, although he clearly made the distinction that BCH is not BTC, even back in 2017.  Vitalik’s history with BCH Several months after a 2017 hard fork divided BTC into two coins, BTC and BCH, Buterin…

Ripple’s Xpring Opens Developer Relations Forum

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Ripple’s Xpring will launch a community web page and forum referred to as “developer relations,” or DevRel, for its developer platform.  Most of Xpring’s employees work on the engineering and product side of the table, explained a Feb. 1 blog post on the Xpring website. “We think of DevRel as the ears and mouth of Xpring,” the post reads.  Xpring for devs Xpring originally functioned as Ripple’s investment branch. In October 2019, Ripple also launched an Xpring developer platform, giving creators a venue for digitizing money.  Several months later, in…

Jiang Zhuoer Restructures Development Funding Proposal for Bitcoin Cash

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On January 31, Btc.top founder Jiang Zhuoer addressed the Bitcoin Cash (BCH) community again after his initial proposal last Wednesday was met with mixed responses. Zhuoer changed a number of specifics within the proposed Infrastructure Funding Plan for Bitcoin Cash and hopes the community will agree with his opinions. Also read: Cashfusion Far More Practical Than Other Coinjoin Protocols, Says Data Analyst Btc.top Founder Jiang Zhuoer Discusses a New Bitcoin Cash Infrastructure Funding Plan Arrangement The CEO of the mining operation Btc.top decided to address BCH supporters again with a…

Top Analyst Gives 3 Reasons Why Ethereum Price Could Surge Over 200%

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Believe it or not, Bitcoin is only 53% below its all-time high near $20,000. Ethereum, on the other hand, hasn’t fared so well. The second-largest cryptocurrency, despite the recent rally in the cryptocurrency markets, is still down by over 80% from its all-time high above $1,400, which it reached during the mania of the previous bull market. In spite of this harrowing price trend, analysts are starting to become convinced that ETH is ready to surge higher. Ethereum Preparing To Burst Higher: Here’s Why Josh Olszewicz, a crypto asset analyst…

Hyperledger’s Brian Behlendorf Says Blockchain’s Potential Is “Hitting a Tipping Point”

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Last December Brian Behlendorf is the Executive Director of Hyperledger said that 2019 was a year of “careful, prosaic BUIDLING.” Now, in an interview with CoinDesk’s Michael Casey at Davos, Behlendorf said he believes a lot of what the blockchain ecosystem was building is getting closer to becoming a net positive in the world. Citing “double-digit” blockchain usage in the diamond trade for tracing provenance, a variety of blockchain-based digital identity projects, and the rise of central bank-backed digital currency, Behlendorf painted an upbeat picture of a technology moving quietly…

Bitcoin Price Faces the Last Big Hurdle Before $10,000

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Bitcoin price (BTC) kicked off 2020 with an incredible 37% gain in the month of January. Aside from that, support was found at $8,200 earlier this week. This support test resulted in a continuation of the upward momentum, leading the price towards $9,500. Is the price of Bitcoin ready to face $10,000? Crypto market daily performance. Source: Coin360 Bitcoin shows strong monthly candle for January The monthly candle closed yesterday, which can only give a bullish conclusion. A potential new upwards trend has started, given that buyers stepped in during…