This Monday’s crypto news show that there is a wide market recovery, led by the second biggest cryptocurrency in terms of market cap, Ripple (XRP). The XRP altcoin has almost touched the $0.4 margin and the coin’s market cap reached close to $15.61 billion, replacing Ethereum to become the world’s second largest cryptocurrency.
The surge is likely to come as an after-effect from the dialogue in which Ripple’s chief marketing strategist outlined all the reasons how XRP is better than Bitcoin, according to him. This definitely attracted potential holders and showcased how decentralized XRP is in comparison with Bitcoin’s centralization and the influence by the Chinese mining community, labeling it as a ‘poor’ technology.
-Bitcoin has some real technological limitations
-The digital asset that show fundamental use cases will develop a fundamental value
-XRP is being used more than Bitcoin being used as of today
— Steven Diep (@DiepSanh) November 23, 2018
The XRP correction took place in the absence of solid backings, which means that its sustainability cannot be guaranteed at this point. A bear pennant formation also indicates the continuation of the current downward trend, and no one knows if this rise could lead Ripple as well as the market to an extended upside recovery action.
Currently, Ripple’s $0.36 worth is providing decent support as the daily basis show just like the rest of the top 30 coins, which are all in the green and starting the Monday fresh with new gains.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
Bitcoin Cash Drops Again By 15 Percent While Other Cryptocurrencies Take A Stronger Hit
Join us on Facebook
- Canada Warns Its Citizens About The Growing Number In Bitcoin Scams
- Mining Ethereum Can Make You A Target For Hack Attacks According To Developers
- The Biggest Cyber Threat Of 2018: Cryptojacking Overtakes Ransomware
- French Stock Market Watchdog Blacklists Four Crypto-Related Websites
- Analysts Confirm: The Bomb Threats Aren’t The Reason For The BTC Price Drop
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain Archive5 days ago
You Can Pay With BTC In These Companies (Updated)
Blockchain News5 days ago
HTC Puts Brave As A Default Browser On Its Blockchain Smartphone
Ethereum News5 days ago
The Coinbase Effect: 3 Of 4 Ethereum Tokens Rally Against BTC On Their Day Of Listing
Blockchain News3 days ago
CEO Of Overstock Expects A Blockchain Products Market In 2019
Bitcoin News5 days ago
Bitcoin Hash Rate Drops, Miners Shut Down Their Devices
Altcoin News4 days ago
CEO Of Allianz: Regulators Should Step In Harder And Outlaw Cryptocurrencies
Blockchain News4 days ago
Samsung Files For A Smartphone-Based Crypto Trademark In The EU
Bitcoin News5 days ago
Bitcoin And Ethereum With New ‘Bottom-Like’ Drops