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A technical analyst known in the industry as Crypto Thies told his 24,000 followers on Twitter that Bitcoin is set for a historic bounce. For now, he’s confident the price of BTC is set to rise, but cautions that traders always need to prepare for the worst.
“$BTC Volume MA is at historic bounce levels on the 1W. Volatility incoming. Confident in continuation to upside, although positioned to be fine in event of price dump. Always prepare for best and worst case. 1 bear thought I have, is a lack of sell climax thus far.”
Crypto trader Josh Rager told his 27,000 followers he thinks Bitcoin’s momentum will continue to hit a wall.
Rager equates BTC to the mythical beast Balrog from the Lord of the Rings, blocked by Gandalf who shouts, “You shall not pass $4,200.”
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Ripple and XRP
Ripple’s unrelenting hiring spree is marching on. The San Francisco startup is now looking for an account manager, which is one of 52 open positions.
Meanwhile, XRP has been listed on the South African crypto exchange VALR, paired with Bitcoin and Ethereum.
Litecoin
Litecoin’s community on Reddit is celebrating a new milestone.
The Litecoin subreddit now has more than 200,000 subscribers – a 10x increase from two years ago, according to the Litecoin Foundation.
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Stellar
IBM and Stellar have released a joint overview on the evolution of programmable money. The report highlights how stablecoins can be used to power cross-border transactions in real time.
You can download the report here.
Ethereum, EOS, Tron, Loom
Loom Network says it’s weeks away from launching integrations for Ethereum, EOS and Tron into PlasmaChain. The move will essentially allow developers to release decentralized apps on all three chains simultaneously.
“Developers can build their DApps once, and export them to all platforms simultaneously – much like how a mobile game developer would build their game once in Unity, and then export it to Android, iOS, Nintendo Switch, etc.
Users can access these DApps without leaving the comfort of the DApp ecosystem they’re already familiar with, and pay developers in their preferred currency of choice – be it ETH, EOS, TRX, or any ERC20 token.”