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Crypto Legend Who Called Bitcoin Crash Reveals Bullish TA, Plus Ripple and XRP, Ethereum, EOS, Litecoin, Tron: Crypto News Flash

by Daily Hodl Staff
February 24, 2019
in Altcoins

From the potential for a Bitcoin comeback to an upcoming announcement from IBM and Stellar, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Veteran technical trader Peter Brandt, who accurately predicted the crash of Bitcoin in January of 2018, is drawing a parallel between the current market and BTC’s price action from late 2013 to early 2015.

The chart below marks a series of peaks and valleys that look remarkably similar, suggesting that if history repeats itself, the year-long bear market may be coming to an end.

If Dec 2017 to Feb 2019 is an analog to Dec 2013 to Jan 15, do you have a tactica plan to become fully invested in $BTC? I do. pic.twitter.com/QkUpvkDHyp

— Peter Brandt (@PeterLBrandt) February 23, 2019

Meanwhile, crypto analyst Joseph Young says that although the price of BTC remains in decidedly bearish territory, three factors could signal the market has reached a bottom.

Crypto is still deep in bear market as Bitcoin is at $4k and it's too early tell but a strong case can be made that it reached a bottom.

1. Volume recovering (BTC $8 billion daily)
2. CME BTC futures record high volume
3. Institutions investing in crypto ($237M in Grayscale)

— Joseph Young (@iamjosephyoung) February 23, 2019

Ethereum

The latest ConsenSys-sponsored Week in Ethereum blog post is out.

This week’s edition covers a slew of developer updates and news on a number of Ethereum-based platforms, including FunFair, Augur and Golem.

Ripple and XRP

Ripple has released its full interview with European Parliament member Eva Kaili from its recent Ripple Regionals conference in London.

Kaili talks about the regulatory implications of blockchain-based, cross-border payments and digital assets in Europe.

Litecoin

The institutional crypto trading platform SFOX has released an extensive resources guide for anyone interested in learning more about Litecoin. You can check it out here.

Looking to take a deeper dive into the #Litecoin ecosystem? We rounded up this list of key people, platforms, communities, and other resources to get you started ?? https://t.co/ybtVhbGWIG@LTCFoundation @SatoshiLite #crypto $LTC #blockchaintechnology pic.twitter.com/zk6sEIk6DO

— sFOX (@SFox) February 20, 2019

EOS

Block.one, the creator of EOS, has released a new video mashup. A number of developers who’ve decided to build on EOS share their insights about the platform.

Why build on #EOSIO? The #EOSCommunity weighs in. pic.twitter.com/U22kGRem7b

— EOSIO (@EOSIO) February 21, 2019

Stellar

Stellar co-founder Jed McCaleb and IBM’s head of blockchain Jesse Lund will give a presentation on digital assets and banking at the upcoming Money20/20 conference in Singapore on March 19th.

According to the agenda, IBM will be making an “exclusive product announcement” during the event.

“Jed will reveal his predictions for blockchain development in 2019 and the use cases we should expect to see at scale in financial services in the next 1-3 years. Joined by Stellar’s partner, Jesse Lund from IBM will share his vision for how digital currency and other digital assets will transform the payments value chain. IBM will also be making an exclusive product announcement. Together this pioneering duo have grand plans for disrupting and transforming payments and ambitions to establish a truly global footprint in cross-border payments.”

Tron

The decentralized application (DApp) tracker Dapp.Review has released an overview on how many users engaged with DApps on Ethereum, EOS and Tron over the last two months. In both total users and active users, Tron came out on top.

New Article by https://t.co/Kbl9LcE9jU

Total Dapp users in past 2 months:

EOS: 197K
ETH: 151K
TRON: 267K

Active Dapp users:

EOS : 13845
ETH : 2133
TRON : 16236?@justinsuntron @mishalederman @VitalikButerin @bytemaster7

More insights & data, read https://t.co/n4xoBfBF9n pic.twitter.com/oOuuIRToQL

— DappReview (@dapp_review) February 18, 2019

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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, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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