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Bitcoin Price Dips, but Expert Predicts $30,000 This Year
Bitcoin has been on a gradual decline, but one expert sees it as the calm before a huge rally. The worldβs largest cryptocurrency dropped to reach close to the $8,000 mark for one token on Monday, around three months after it enjoyed peaks of over $17,000 and following a series of ad rule changes from social networks. Analysis suggests Bitcoin could be in store to reach peaks of $30,000 before the end of the year. The intervention comes at a cold time for Bitcoin, which has spent most of March wavering around the $9,000 mark. David Drake, chairman and founder...
Ripple Price Prediction: XRP Sinks Toward $0.75 as Weak Hands Give Way
Ripple News Update As pessimism grows in the cryptocurrency market, weak hands continue to offload XRP to strong hands. What do I mean? Well, βstrong handsβ represent the smart money, the people who move one step ahead of the crowd. By comparison, βweak handsβ represent those who buy at the peak of the market peak. They are the dumb money, for lack of a better term. Your brain might instinctively associate bull markets with strong hands. But donβt trust that instinct. Itβs lying to you. Β Sponsored Strong hands invest during bear markets, precisely because assets trade cheap. They hold...
New BTC βmisery indexβ Predicts 12-month Returns
AΒ wall street analystΒ has created his own Bitcoin βmisery indexβ 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 theΒ 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...
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 thatΒ SWIFT, Rippleβs main rival, is talking up its efforts in distributed ledger technology (DLT). For the uninitiated, DLT is the core innovation underlying Bitcoin, Ripple, Ethereumβ¦basically, all the cryptocurrencies in existence. Β Sponsored Ripple wants to disrupt SWIFT by using these distributed ledger innovations. Thatβs why it is comical to see SWIFT claiming proficiency in DLT. Itβs not their strong suit! The mere fact they are broadcasting their...
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