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New BTC ‘misery index’ Predicts 12-month Returns

New BTC ‘misery index’ Predicts 12-month Returns

A wall street analyst has created his own Bitcoin ‘misery index’ that measures the amount of discontent amongst Bitcoin investors and even predicts a price rise. Thomas Lee, co founder of Fundstrat, is a wall street analyst and has focused his attention on creating tools to describe and predict the Bitcoin price. Thomas has created a misery index that quantifies the amount of discontent amongst Bitcoin investors and it is scaled between 0 and 100. The misery index is currently at 18.8 which is the lowest it has ever been since August 2011. The index has been backtracked so that it can be...

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Ripple Price Prediction: SWIFT Tries to Combat Growing XRP Threat

Ripple Price Prediction: SWIFT Tries to Combat Growing XRP Threat

Although Ripple prices are enmeshed in the market-wide cryptocurrency slump, shrewd investors might have noticed a positive signal buried amid the noise. What am I talking about? Well, there was a report that SWIFT, Ripple’s main rival, is talking up its efforts in distributed ledger technology (DLT). For the uninitiated, DLT is the core innovation underlying Bitcoin, Ripple, Ethereum…basically, all the cryptocurrencies in existence.   Sponsored Ripple wants to disrupt SWIFT by using these distributed ledger innovations. That’s why it is comical to see SWIFT claiming proficiency in DLT. It’s not their strong suit! The mere fact they are broadcasting their...

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