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A model on XRP price development predicts that the ‘Crypto-asset’ will go to ZERO by next February.

Ripple XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range.

XRP is one of the assets that has remained stagnant in 2019 and unraveled further in the past month.

Popular Crypto analyst Alex Kruger shared on CryptoTwitter:

“Regressing $XRP against time starting Jan/1/2018 using a linear regression forecasts price to hit zero next February. Perspective”

There is no telling if Ripple’s token would behave according to the linear regression model.

But the asset has lost credibility, and there are no forces to lift the price.

During the recent price drop, XRP fell way below the $0.25 mark that was seen as a bounce area and slid as low as $0.21 before bouncing a cent.

The XRP market also saw a trading anomaly this Monday, with volumes exceeding $9 billion, with no clear explanation.

But the rally did not manage to lift the XRP price. In other BTC News today, the Crypto markets turn green and the Bitcoin price recovers above $7,500.

Crypto markets continue to improve, with the Bitcoin (BTC) showing signs of recovery.

Bitcoin started the day at $7,190, at which point the world’s largest Cryptocurrency coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540.

After a rollercoaster 24 hours, the BTC price is showing an impressive gain of more than 5% for the day.

Could Bitcoin’s next target be $8,100?

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021. pic.twitter.com/yPuArI1uOT

— PlanB (@100trillionUSD) November 27, 2019

WTF is with #XRP‘s volume?? O_O It’s nearly 70% of it’s market cap right now and yet the price is plummeting??

Something SERIOUSLY fishy is going on right now.

— Jayed: The XRP Martian (@JayedMartian) November 25, 2019

What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021. pic.twitter.com/yPuArI1uOT

— PlanB (@100trillionUSD) November 27, 2019

XRP Price Could Go Down to $0 by Next February: Alex Kruger

https://cointelegraph.com/news/crypto-markets-are-turning-green-bitcoin-recovers-above-7-500

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The Bitcoin price has continued its cataclysmic November, with BTC dropping further overnight to $6,500, levels not seen since this May. 

In today’s show, we examine the following 4 Reasons Why Bitcoin Price Continues to crash:

In other Cryptocurrency news today…

Market analyst says, “The BTC price is headed for $20,000 – $25,000 zone next year.”

The Crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year. 

Crypto Michael shared on twitter:

$BTC #BITCOIN All in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside). Keeping the trend intact -> market is fine. Onwards to $20,000-25,000 in 2020.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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Whatever movements there are now (whether we go back to $7,800 prior to any further downwards movements), I do believe that the asset $BTC is one of the few bullish assets macro wise for the coming years.

Bottoming $6,200-6,500? Hell yes, I’ll be happy. Stack some more BTC.

— Crypto Michaël (@CryptoMichNL) November 24, 2019

$BTC #BITCOINAll in all, the long-term trend is still fine, aside from a parabolic explosion earlier this year (which is an outburst to the upside).Keeping the trend intact -> market is fine.

Onwards to $20,000-25,000 in 2020. pic.twitter.com/uednu3jgo4

— Crypto Michaël (@CryptoMichNL) November 23, 2019

Not making reference to manipulation. Bitmex is now collecting in fees as much as 7% as all miner issuance combined, maybe slightly less given how fees are not flat. A large percentage is sold into the market. A significant sum for a single entity.

— Alex Krüger (@krugermacro) November 25, 2019

Added liquidity can only help price, but $BTC doesn’t respond to macro variables.It is such an illiquid/fragmented market that in the absence of mass influx of new buyers, actions of a few determine direction. Micro, not macro.

Only narrative still standing is the halving/s2f.

— Alex Krüger (@krugermacro) November 24, 2019

Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst

4 Reasons Why Bitcoin Price Continues to Crash

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Bitcoin is on track to be one of the year’s best performing assets, despite a recent retraction – but that’s not stopped BTC bulls from fighting on Twitter.

The Bitcoin price has climbed through much of 2020, adding some 40%, with the bullish stock-to-flow model – that predicts a massive $288,000 BTC price before 2024 – working “like clockwork,” according to its anonymous creator.

However, a number of high-profile bitcoin analysts and entrepreneurs have clashed over the stock-to-flow model this last week, with the anonymous PlanB accusing his critics of trying to unmask him and his model derided as “absolutely useless.”

“The [stock-to-flow] model is based on the most fundamental errors which render it absolutely useless,” warned Alex Kruger, an economist and cryptocurrency analyst, speaking over the phone.

The stock-to-flow pricing model, created by anonymous Twitter user PlanB, who claims to be a Dutch institutional investor with a legal and quantitative finance background that manages around $100 billion in assets and tweets from the handle @100trillionUSD, calculates a ratio based on the existing supply of an asset against how much is entering circulation.

Kruger, along with many other analysts in recent months, has warned the model is based on faulty comparisons and a “spurious relationship” between price and scarcity.

“The whole model rests on the wrong assumption that there is cointegration between price and scarcity,” Kruger said, who explained that without cointegration it’s “nonsensical to think that bitcoin stock-to-flow, a number that goes up programmatically, and everybody knows what it will be at any point in time, can be used to predict price.”

Criticism of the stock-to-flow model and its creator have bubbled up recently, with the chief executive of bitcoin buying app Swan Bitcoin, Cory Klippsten, posting what PlanB considered to be identifying information on Twitter before deleting it and saying he was “wrong to post any personal information” about PlanB and adding anonymous bitcoin users “should have the right” to stay anonymous.

“It’s extremely important to be bullish for the right reasons,” Klippsten said via Twitter, explaining his opposition to the popularization of the stock-to-flow model.

“Otherwise you’ll have weak hands when your belief is proven false.” Klippsten, speaking via Telegram, said he supported the stock-to-flow pricing model until just a few months ago when he “looked into the models and realized they’re invalid” and “have zero predictive power.”

According to PlanB, who has disputed the information posted by Klippsten, the stock-to-flow pricing model shows bitcoin will reach $288,000 before the next bitcoin halving in 2024.

PlanB has also argued that assets that have a high stock-to-flow have a high value, pointing to gold, silver, diamonds and real estate in a chart posted to Twitter.

In other trending Bitcoin News today:

Bitcoin Active Addresses Shatters 1,000,000! Bitcoin’s fundamentals continue to show signs of strength.

According to the on-chain data provider Coin Metrics, the number of BTC active addresses has soared to a level not seen in over two years.

“Bitcoin doesn’t have to be complicated. The supply is capped and the number of users has been growing exponentially this whole time.”

Analysts use the active addresses metric to measure the rate of a crypto asset’s adoption.

The metric refers to the number of unique addresses that are active on the network as a sender or receiver of the crypto token.

On September 25th, the number of BTC active addresses skyrocketed to 1.14 million – the highest level since the 2017 bull market.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

blocked: noise control

— PlanB (@100trillionUSD) September 28, 2020

OK, by Dec 2021 we will know then: S2F>$100k, Dave