XRP, the native cryptocurrency of the XRP Ledger, has recently experienced a significant surge in value, gaining 11% over the past week. This impressive growth has positioned XRP as one of the top-performing digital assets in the market, with its price rising from $0.523 to $0.584 in a week. The increase in value has been accompanied by a substantial rise in trading volume, indicating strong investor interest and activity.
Several factors have contributed to this rapid growth. One of the key drivers is the anticipation of a major breakout in XRP’s price history. Market analysts and investors are closely watching XRP, expecting it to surpass key resistance levels and achieve new highs. This optimism is fueled by positive developments in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which has seen favorable rulings for Ripple in recent months.
Ripple is the company behind the XRP Ledger, a decentralized blockchain technology that facilitates fast and cost-effective cross-border transactions. The XRP Ledger’s unique features, such as its ability to settle transactions in less than five seconds and at a fraction of the cost of traditional methods, continue to attract both institutional and retail investors. These technological advancements and strategic partnerships with various financial institutions further solidify XRP’s position in the market.
As a result, XRP remains a prominent player in the cryptocurrency space, with its recent performance underscoring its potential for future growth. With ongoing legal developments and strategic initiatives, XRP’s trajectory appears promising, making it a cryptocurrency to watch in the coming months. Investors are eagerly awaiting the next moves in the market, hoping to capitalize on XRP’s potential for further gains.
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Will Jack Dorsey Help Propel Bitcoin to 0,000?! | Bullish BTC Price Indicator Flashes Green Again
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Jack Dorsey of Twitter and Square Crypto is working to solve the Bitcoin scalability problem.
A multi-trillion-dollar market cap could be at stake.
Tim Draper has not backed off his Bitcoin prediction that the BTC price will skyrocket to $250,000 in 2023.
The venture capitalist who invested in Skype, Tesla, and SpaceX believes that key improvements happening on the Bitcoin network will catalyze the surge in valuation.
Developments such as the Open Node and Lightning Network are helping Bitcoin’s cause.
Nevertheless, Draper believes that more engineering needs to be done so that the number one Crypto can become a widely-used currency.
Fortunately, Jack Dorsey is hard at work to help create the infrastructure so that Bitcoin (BTC) can become the “native currency” of the internet.
Draper believes that the Bitcoin price can get to $250,000 if people start using it for day-to-day payments.
Currently, the top cryptocurrency is having a huge problem with scaling.
It can only process seven transactions per second.
This means when buying coffee, it will get cold before the merchant receives payment.
The good news is that Twitter and Square CEO Jack Dorsey is developing solutions to supercharge Bitcoin’s throughput.
Earlier this month, Square Crypto announced that its team is developing a Lightning Development Kit (LDK).
Bitcoin Price Indicator That Called 2019 Bull Run Flashes Green Again Leading the positive signs is a useful but somewhat forgotten indicator dubbed the Guppy.
This is a collection of exponential moving averages which has flashed green on the daily chart for the first time in around 300 days.
The interval is significant – the last flip from red to green for Guppy was on April 9, 2019, coinciding with Bitcoin’s rapid rise to highs of $13,800.
Before that, Guppy also turned bullish on Jan. 14, 2018, when Bitcoin briefly rose above $9,000 on the way down from the all-time high a month earlier.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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$BTC #BITCOINNice breakthrough of $8,600 level and we’re back in the range. This means that the $8,000-8,100 level has now flipped as support.
Eyeing to see a retest of $8,500. Holding that and we can aim for $8,900. pic.twitter.com/bQKyGYSzNy
— Crypto Michaël (@CryptoMichNL) January 27, 2020
In a world with 10,000 crypto currencies, bitcoin simply..refuses..to die.Maybe its unique combination of technical and ‘belief’ networks endows it with some durable value.
How much? We slice it three ways and a $1T is not off the mark. pic.twitter.com/i99grrbWZn
— James Wang (@jwangARK) January 16, 2020
.@jack‘s Square wins patent for fiat-to-crypto payments network
+ Tech will allow sending party to pay in any currency while allowing recipient to convert payment into their currency of choice https://t.co/FwNy3xNpDj
— Messari (@MessariCrypto) January 22, 2020
https://cointelegraph.com/news/bitcoin-price-indicator-that-called-2019-bull-run-flashes-green-again
https://www.ccn.com/will-jack-dorsey-help-propel-bitcoin-to-250000/
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BITCOIN WILL HIT $500K AND MONEY STORED IN BTC WILL RUN THE FASTEST, OVERTAKING GOLD!
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The Winklevoss Twins, co-founders of the Gemini crypto exchange, recently stated that the Bitcoin price will hit $500K in the years ahead due to BTC having the potential to outpace gold:
“Inflation is coming. Money stored in a bank will get run over. Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in BTC will run the fastest, overtaking gold…
Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially. Software is eating the world and gold is on the menu.”
Raoul Pal, CEO of Real Vision and a former hedge fund manager, also recently stated that Bitcoin could hit $1,000,000 in this market cycle.
He believes that institutional investment in the cryptocurrency will drive this rally.
Pal recently stated that he has over 60% of his net worth in Bitcoin or Ethereum, citing his belief that the cryptocurrency market may be the best trade of his lifetime. He added that he would not be surprised to see his personal allocation to Bitcoin increase toward 80% or even higher in this market cycle.
According to a macro analysis by crypto-asset trader Josh Rager, Bitcoin is on the verge of an exponential uptrend.
The trader shared the chart below, noting that every time “Bitcoin has closed above the previous monthly all-time high,” a 700-1,000 percent uptrend followed suit.
Bitcoin will likely do this once again if November closes above $14,000.
What could follow is a surge toward $100,000, or potentially even higher:
“Every time Bitcoin has closed above the previous monthly all-time high – a 700% to 1000% uptrend has followed. November could be the first monthly close that we see breaking the previous high and historically that’s been a very bullish sign for the crypto market”
In other trending Bitcoin News today:
“Bitcoin Price Climbing to $20,000 and Volatility Spike in November Very Likely: Kraken Report”
Kraken released its August Bitcoin Volatility Report 2 months ago.
Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends.
In its October version of the same report, Kraken has maintained its bullish stance.
November will see bitcoin log much higher price and volatility rallies.
Also, BTC might as well be on the way to reclaiming the previous all-time high of $20,000. In other breaking BTC news today:
“Iran Becomes First Country to Embrace Bitcoin as Medium of Exchange”
Max Keiser, host of the Keiser Report recently tweeted:
“Iran is winning Global Hash War. America is being left behind. Very little time left for US to get going otherwise US economy will get REKT”
The Central Bank of Iran (CBI) announced Thursday that it would be utilizing legally mined cryptocurrency to pay for imports.
Bitcoin, which political dissidents in the United States and beyond have been using after being locked out of banking services, will be mined by
Iranians with subsidized electricity from three of the nation’s power plants.
They are the first nation to declare the currency an official medium of exchange.
Iran is taking these measures due to aggressive attacks on its economy by the United States Treasury, which is controlled by Jewish investment bankers Steve Mnuchin and Justin Muzinich.
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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:
Iran is winning Global Hash War America is being left behind
Very little time left for US to get going otherwise US economy will get REKThttps://t.co/CPgTxiR1IJ
— Max Keiser (@maxkeiser) November 11, 2020
Macro Analysis Predicts Bitcoin Has Begun Rally Toward $100k
https://finance.yahoo.com/news/world-second-biggest-bank-issue-092348073.html
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FIRST U.S. BITCOIN MUTUAL FUND LAUNCHED BY $60 BILLION FUND MANAGER!!!!
💰 BlockFi: (Up To $250 Bitcoin Bonus) https://blockfi.com/cryptonewsalerts
The first publicly available U.S. mutual fund that generally tracks the Bitcoin price has been launched by a $60 billion fund manager.
In a press release this morning ProFunds announced the launch of its Bitcoin Strategy ProFund (BTCFX). This will be the first publicly available U.S. mutual fund that generally tracks the price of Bitcoin.
On the ease of access and mass exposure that this mutual fund will provide, ProFunds CEO Michael Sapir said that “Compared to directly buying bitcoin, which may involve opening a new account with an unregulated party, this ProFund offers investors the opportunity to gain exposure to bitcoin through a form and investment method that tens of millions of investors are familiar with.”
On the increased demand for a Bitcoin mutual fund, Michael Sapir commented it “has become a significant asset class, and our new Bitcoin Strategy ProFund provides investors access to a bitcoin strategy through a mutual fund investment.”
In other trending Bitcoin News today: Record 57K BTC leave exchanges in one day, dropping Bitcoin reserves to pre-crash levels.
Yesterday was the largest Bitcoin net outflow from exchanges since 2016. BTC needs to close above $40,035 today to make 9 green days in a row – the longest streak since May, 2017.
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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:
#Bitcoin game-theory kicking in with America’s hedge funds and political insider-traders. Beautifully, the protocol obviates the need for politicians – so good-bye asshat Liz Warren. $220,000 in 2021 still in play
Buy #Bitcoin, short 🇺🇸 pic.twitter.com/eM2u7lhhO9
— BITCOIN MAXIMALIST (@maxkeiser) July 28, 2021
https://bitcoinmagazine.com/markets/bitcoin-mutual-fund-manager-profunds
It’s On, Elizabeth Warren Triggers Retaliation From The Crypto Community
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