Crypto Analyst DataDash Says Bitcoin (BTC) Poised for Big Move – Plus Ripple and XRP, Ethereum, Tron, Litecoin, EOS, Stellar, Cardano
From a potentially big Bitcoin move on the horizon to a preview of the “ultimate” XRP wallet, here’s a look at some of the stories breaking in the world of crypto.
YouTube’s biggest crypto analyst Nicholas Merten (aka DataDash) says Bitcoin is set for a big move that will most likely bring the price of BTC well below $4,000.
“We’re in what I like to call the ‘Twilight Zone.’ We’re in this time period in markets where volatility is very low. We’re narrowing in on some major indicators and for some of the major market plays, not just Bitcoin, but Ethereum and Ripple, we’re getting to a point where we’re going to see a very substantial move in my opinion.”
In the short term, Merten says Bitcoin may pass $4,200. But unless volume increases, BTC is then likely to drop all the way down to $3,600, which would be a higher low and keep the overall uptrend intact.
“I think it’s much more realistic that we’re going to get a fake out, where prices do break out above $4,200, but they come down at close at the end of the day. I think we’re going to have a BitMEX play, where they prop things up in the market and it’s going to dump right back down. And in fact, I think we’re going to come back to this line of support here at around $3,600 over the next week.”
In a bearish scenario, the lowest Merten thinks Bitcoin will go is a double bottom at $3,150 in mid April.
Ripple and XRP
The founder of Ripple-backed XRPL Labs is at it again.
Wietse Wind dropped a tease of his company’s mobile XRP wallet on Twitter. The work in progress features multiple accounts, multiple currencies, contacts, and white-listed accounts.
😇? Work in progress 😇 pic.twitter.com/ct8ZOACIkZ
— Wietse Wind (@WietseWind) March 31, 2019
Ethereum, EOS, Tron
The amount of money flowing through decentralized apps on EOS remain higher than both Tron and Ethereum.
New numbers from DappReview show 139,500 users spent more than $13.1 million on EOS DApps in the last 24 hours. Meanwhile, 66,900 users spent $9.9 million on the Tron network, and 12,200 users spent more than $3.3 million on Ethereum.
139.5K users spent more than $13.1 million (3.1 million EOS) on #EOSDApps in last 24H
— DappReview (@dapp_review) March 31, 2019
Litecoin Foundation project director David Schwartz just sat down for an interview with The Coin Chat.
Schwartz talks about why he first became excited about LTC, the coin’s community, the push for adoption and sponsorships – and teases Litecoin’s entry into the world of gaming.
Stellar Lumens (XLM) just reached a new milestone. More than 3 million accounts are now live on the network, according to stats from Stellar.expert.
Cardano creator Charles Hoskinson is at it again, back with another surprise ask-me-anything.
In this edition, Hoskinson talks about the platform’s push to launch smart contracts, progress on the Daedalus wallet, and more.