Ethereum ‘Poised to Outperform Bitcoin’ in New Crypto Bull Run, Plus Ripple and XRP, Tron, Litecoin: Crypto News Alert
From the rise of Bitcoin and Ethereum to new support for XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin and Ethereum
The New York-based crypto research firm Delphi Digital says Ethereum is well-positioned to outperform Bitcoin in the next crypto bull run.
In the company’s new report, Entering the Ethereum, researchers point to the heightened volatility that altcoins like Ethereum tend to show when Bitcoin’s price is rising or falling dramatically.
“ETH has also been significantly more volatile than BTC over the last six months. It’s 90-day beta relative to BTC is currently 1.5, substantially higher than its historical average (though price history is limited)…
Comparing ETH’s upside beta to its downside beta, we see ETH has been more volatile on days when BTC returns are negative than days when they are positive for much of the last 18 months. We are, however, beginning to see upside volatility pick up for ETH. Given the extremely high intra-market correlations we previously discussed, this is a trend we are monitoring closely as ETH may be poised to outperform if BTC rallies.”
You can check out the full report here.
Ripple and XRP
Ripple’s chief technology officer David Schwartz will join a fireside chat at SXSW in Austin, Texas on March 14th. The event will cover “cryptography, distributed ledger technology, and how blockchain is changing the foundation of our global economic system.”
Meanwhile, the digital asset XRP is now supported on Trezor’s Model T hardware wallet. You can learn more about the firmware update that enables support for XRP by clicking here.
Trezor announces support for $XRP on the Model T following its latest firmware updates. https://t.co/11Z0aW0CAD #xrp pic.twitter.com/VWzMknaA2h
— Gokhshtein (@gokhshtein) March 7, 2019
Litecoin
Litecoin is once again the fourth largest cryptocurrency by market cap, ahead of EOS and Bitcoin Cash. Twitter’s The Light School points out that LTC’s market cap is now bigger than Bitcoin Cash and Bitcoin SV combined.
Not only did $LTC flip $EOS, its marketcap is bigger than $BCH and $BSV combined! 💪
CC: @flappening pic.twitter.com/e49mwBHZ3Z— The Lite School ⚡️ (@theliteschool) March 7, 2019
Tron
Tron founder Justin Sun addresses why the platform is partnering with Tether to create a Tron-based stablecoin. Sun says the new coin will be faster than competing stablecoins, with significantly lower fees.
Smarter, faster, and free! Just some of the reasons why the #TRON and @Tether_to partnership is going to leave Omni in the dust 💨 Check out my video below to find out more about what this #stablecoin will mean for you and for the industry 👇 pic.twitter.com/vJUfMX33yJ
— Justin Sun (@justinsuntron) March 7, 2019
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