Wall Street Titan Calls Historic Bitcoin Bull Run, Plus Ripple and XRP, Ethereum, Tron, EOS, IOTA, VeChain: Crypto News Alert
From Bitcoin’s bull run potential to Ethereum’s incredible community dominance, here’s a look at some of the stories breaking in the world of crypto.
Hedge fund titan Mike Novogratz told Financial News he believes a crush of institutional investors will help bring the price of Bitcoin to new all-time highs next year.
“By the end of the first quarter, we will take out $10,000. And after that, we will go back to new highs — to $20,000 or more. There’s going to be a case of institutional FOMO [fear of missing out], just like there was in retail.”
As for the rest of this year, Novogratz says $9,000 is still a possibility.
“Bitcoin has to take out $6,800, and after that we could end the year at $8,800 to $9,000.”
🎂 Ten candles on the cake. 100 billion plus in value. The spark and backbone of a revolution. Happy Birthday $btc. And thank you Satoshi – wherever you are.
— Michael Novogratz (@novogratz) October 31, 2018
Novogratz is the CEO of Galaxy Digital, the largest crypto fund on Wall Street. The firm invests directly in crypto businesses, from ICOs to infrastructure platforms to wallets and custody solutions.
Ethereum, EOS, IOTA, Cardano
The blockchain data and news site LongHash just compiled a unique and insightful look at which smart contract platform has the largest community, using metrics from Meetup.com.
Ethereum’s community is by far the largest, with more than a million people visiting 4,000 meetups. EOS is next on the list, followed by IOTA and Cardano.
Measuring the communities of smart contract platforms 👇
Ethereum: 1.16M people going to 4,000 meetups
EOS: 61K people going to 180 meetups
IOTA: 18K people going to 51 meetups
Cardano: 15K people going to 62 meetups pic.twitter.com/e4nKjmfveG
— LongHash (@longhashdata) November 5, 2018
Ripple and XRP
Ripple has released part two of a three part series on why countries should encourage the development of crypto and blockchain technology.
The report is called The Case for Digital Asset Regulation Part 2: Two Regulatory Approaches Driving Innovation in Thailand and Abu Dhabi, and offers real world examples on why Ripple believes government leaders should pass reasonable regulations on digital assets.
In part two of "The Case for Digital Asset Regulation," @sagarsarbhai highlights Thailand and Abu Dhabi Global Markets’ success taking a more balanced regulatory approach. https://t.co/jenmVEYjxN pic.twitter.com/8ofyWnTpou
— Ripple (@Ripple) November 5, 2018
Meanwhile, a popular tool that lets people send and receive XRP using Reddit, Twitter and Discord is expanding.
The XRP Tip Bot will soon allow other developers to integrate with the platform, opening the door for a variety of apps that let users transfer value with XRP.
Also a great idea. Our resources are limited, so we're going to focus on a few other things, and we're building TipBot V2 (it will take some months) allowing other developers to integrate with the TipBot 🎉
— Wietse Wind (@WietseWind) November 5, 2018
Tron just dropped its weekly update, covering the latest technical progress, community efforts and decentralized app developments on the network.
OceanEx, the newly launched crypto exchange built on VeChain, says it plans to enable withdrawals on November 7th.
The team also announced OceanEx is scheduled to switch from Alpha to Beta later this month.
OceanEx will open the withdrawal function of VET at 22:00 (UTC+8) on Nov 7th 2018, ahead of the launch of OceanEx 1.0 (Beta). OceanEx always values and responses to the needs of community, empowering all VeChain Ecosystem projects. https://t.co/Tlx1VRmtnN
— OceanEx Official (@OceanexOfficial) November 4, 2018
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.