Bitcoin Surge to $400K ‘Not a Fool’s Paradise’ – Plus Ripple and XRP, Ethereum, Tron, Litecoin, Cardano
From a whopping $400K Bitcoin price prediction to new adoption for XRP, here’s a look at some of the stories breaking in the world of crypto.
The chief market analyst at ThinkMarkets UK says an end to crypto’s long winter is in sight.
According to Naeem Aslam, the fact that Bitcoin has officially ended its longest-ever monthly losing streak indicates the bear market is coming to an end. And if past is prologue, Aslam says an eventual BTC surge to $400,000 is a likely scenario.
“…there is a high chance that the next bull run has a minimum potential of pushing the price 5 times higher. That is over $100K. I personally believe that each Bitcoin can go up as much as $400K, and if history repeats itself, this number is not a fool’s paradise. This is a simple math calculation: approximate percentage projection of the price which we experienced during the last bull run.”
In the short term, some analysts are predicting a big move in the near future. Crypto trader DonAlt told his 86,000 followers on Twitter that Bitcoin could hit $4,500 on the upside or sink down to $3,500.
Watching paint dry is more exciting than watching this.
I think we'll be getting a pretty big move soon.
If it's to the upside I'd expect 4.5k~
If it's to the downside I'd expect 3.5k~
I'd much rather short an up move or long a down move than trade here. pic.twitter.com/NwhMcWXqqM
— DonAlt (@CryptoDonAlt) March 19, 2019
The founder of Ethereum development studio ConsenSys says he believes most of the world’s economy will run on blockchain technology within 10 to 20 years.
Speaking at SXSW in Austin, Texas, Joseph Lubin explained that the current number of people using blockchain in the real world is similar to the number of people who were using email in 1983.
Ripple and XRP
Ripple says it just met with leaders in the Mexican state of Jalisco to talk about blockchain and crypto regulation and innovations.
— Ripple (@Ripple) March 19, 2019
Meanwhile, XRP has been added to the Canadian crypto exchange Coinberry. XRP is only the fourth cryptocurrency to be added to the platform, following support for Bitcoin, Ethereum and Litecoin.
XRP is finally here!
— Coinberry 🍓 (@coinberryio) March 18, 2019
The Litecoin Foundation’s partnership coordinator Andrew Yang just sat down for an interview with CryptoWendyO. The pair talk about the upcoming Litecoin halving, Lightning Network and the Bolt-A-Thon, an online conference and hackathon focused on the Lightning Network.
EOS and Tron
EOS has passed Tron in daily decentralized app trading volume. According to DappReview, users on the EOS network spent $18.8 million in the last 24 hours, compared to 18.0 million on Tron. Ethereum came in at a distant third, at $3.9 million.
100K users spent more than $18.8 million (5 million EOS) on #EOSDApps in last 24H
— DappReview (@dapp_review) March 19, 2019
Cardano founder Charles Hoskinson just gave a speech at an event with Emurgo, the platform’s investment and development arm. Hoskinson talks about open-source software, crypto foundations, hard forks and the importance of trying to keep crypto communities unified.