3 Crypto Analysts Say Massive Bitcoin Rally Just Getting Started – Plus Ethereum, Ripple and XRP, Litecoin, EOS, Tron
From a trio of predictions on the future of BTC to new adoption at Ripple, here’s a look at some of the stories breaking in the world of crypto.
As Bitcoin soars past $10,000, crypto analyst Josh Rager says a renewed BTC bull run is likely to bring the leading cryptocurrency above $60,000. Rager also recently analyzed Bitcoin’s past market cycles and says if history repeats, BTC could well end up at around $78,500 by 2022.
$BTC is likely to hit $60k+ this coming uptrend…
And people seriously forfeit 500% gains to try catch 10% moves with shorts
— Josh Rager 📈 (@Josh_Rager) June 21, 2019
Meanwhile, a crypto trader known as Redxbt told his 20,000 followers on Twitter that an analysis utilizing the Wyckoff Market Cycle, which outlines four cycles of market growth and decline, indicates Bitcoin will jump 87% from here. If it happens, BTC would rise to around $18,000.
last time i saw a wyckoff distribution chart was on the first red arrow. we're up 87% since then.
— green (@redxbt) June 21, 2019
Meanwhile, Fundstrat analyst Tom Lee calls BTC a unique asset that historically doesn’t need to hit new highs to confirm a breakout. Lee says Bitcoin’s rise above $10,000 will now trigger widespread crypto FOMO (fear of missing out).
“With Bitcoin, when it trades at a price seen only 3% of its history, this has confirmed a new high imminent. This makes crypto different. This ‘3%’ is $10,000. FOMO = $10,000”
— Thomas Lee (@fundstrat) June 22, 2019
Ethereum, EOS, Tron
The dollar value of cryptocurrency flowing through decentralized apps (DApps) on the Tron network remains ahead of both EOS and Ethereum.
According to DappReview, $13.7 million worth of Tron (TRX) moved through DApps on the network in the last 24 hours, compared to $12.3 million worth of EOS and $7.2 million worth of Ethereum on their respective networks.
#DApp Daily Report:
— DappReview (@dapp_review) June 21, 2019
Ripple and XRP
Leapfrog Technologies, a company that develops digital software as a service (SaaS) products in a number of industries including healthcare and AI, says it’s forming a strategic partnership with Ripple.
The company says the partnership is focused on blockchain development in Nepal.
Leapfrog is forming a strategic partnership with @Ripple to start an exploration of building a blockchain based fintech connectivity for Nepal and beyond.#Blockchain #fintech pic.twitter.com/NmUBdPZUWX
— Leapfrog Technology (@lftechnology) June 2, 2019
The founder of Litecoin Haus and director of the Litecoin Foundation, Franklyn Richards, just sat down for an interview with ChainTalk.
The interview focuses on Litecoin’s price momentum and the upcoming halving, as well as Litecoin adoption in Southeast Asia and the current state of blockchain.