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From a Bitcoin prediction gone viral to a brush with fate for Ripple and Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
A theory on how Bitcoin will plot a course back to its all-time high is going viral on Twitter.
The prediction, posted by a crypto trader who goes by the name B.Biddles, uses a popular stock trading indicator called a bump-and-run reversal (BARR), which highlights an accumulation phase followed by a bump to the downside and then a surge toward previous highs.
$BTC. Literally a textbook BARR bottom. Hint: This means bears are fucked. pic.twitter.com/5ZUMGCXMIt
— b.biddles (@thalamu_) April 14, 2019
According to an analysis of the theory from CCN, the BARR points to a potential Bitcoin breakout to $6,800.
Meanwhile, Murad Mahmudov of Adaptive Capital predicts the bear market is not over yet. On Trading View, Mahmudov plotted an incoming BTC rally to about $5,700, where Bitcoin traded for months in mid-2018. After that, Mahmudov believes Bitcoin could then crash to $4,800.
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Mahmudov became well-known in the crypto community for outlining his “ultimate Bitcoin argument” on Anthony Pompliano’s Off the Chain podcast. In January, he said Bitcoin may not have found its bottom yet and could still fall as low as $1,700.
Ethereum, Ripple and XRP
A simple twist of fate prevented Ethereum creator Vitalik Buterin from joining Ripple’s early efforts to create cross-border payment solutions and boost the XRP ecosystem.
On Twitter, Buterin revealed that he applied for an internship at Ripple back in 2013, but was denied a visa because Ripple had only been around for nine months instead of a year, which is the minimum requirement.
https://twitter.com/VitalikButerin/status/1119148572107165696
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Litecoin
The Litecoin Foundation’s partnership coordinator Andrew Yang has crafted a series of resources for anyone hoping to become familiar with LTC.
Yang has released a series of guides on The Lite School, including an introduction to Litecoin, understanding wallets and an overview of the technology powering LTC.
Stellar
The Stellar Development Foundation has announced a number of new hires.
- Kolten Bergeron, community manager
Before joining Stellar, Kolten worked in the sports and esports industries as a social media coordinator and video editor.
- Kyle McCollom, product manager
Kyle used to run Lumenauts.com and now works on Stellar.org.
- Becca Miller, social media strategy, consultant
Previously at Call of Duty and Vice, Becca now works on the community team at Stellar.
- Bruno Müller, product
Bruno used to work as chief design officer at Cheesecake Labs, a software design and development company in Brazil.
- Alex Cordeiro, senior platform engineer
Alex co-founded and is the former COO of Cheesecake Labs.
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Tron
Tron’s latest overview on the network’s decentralized app (DApp) ecosystem is out. According to the report, more than 300 DApps are now running on Tron.
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Cardano
IOHK, the company behind Cardano, has released more than 17 hours of footage from its recent summit in Miami. You can check out the overall agenda and speakers at the summit here.
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