The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Veteran Trader Warns Massive Bitcoin Drop to $4,000 Likely – Plus Ripple and XRP, Ethereum, EOS, Tron, Steem, Chainlink

by Daily Hodl Staff
June 30, 2019
in Trading

From new analysis on the path ahead for Bitcoin to the resurrection of Chainlink, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Tone Vays, a former Wall Street trader and vice president at JP Morgan Chase, says he’s not at all convinced Bitcoin is in a bull market. Vays told BloxLive TV that Bitcoin’s run-up has happened too fast, and BTC still needs to suffer a significant reversal and could dive down to $4,000 before a sustainable bull run can begin.

“Normally, going from $3,000 to $14,000 would make anybody bullish. But because we went straight up in almost an exponential way with this blow-off top at $14,000 – I think that puts Bitcoin into more danger. People don’t realize how dangerous it is for an asset, any asset, to go up exponentially because they tend to crash back down. We saw this with gold and silver in 2011. We saw it with oil before that in 2008. We saw it with the Nasdaq in 2000. And Bitcoin has done this several times…

I’m still waiting for a significant pullback in the price and I don’t think what just happened was it. We saw a quick drop from like $8,000 down to $6,000, but it only took about a day. We just saw another quick drop from $14,000 down to almost $10,000. But again, it was so quick, it only took about a day and a half.

A drop like that needs to be a little bit longer in terms of time, and I continue to wait for my 30% to 40% correction in order to evaluate whether the bear market is actually over because I still think it’s possible for us to come back down to that $4,000 before the bear market actually ends.”

Ethereum, EOS, Tron, Steem

Decentralized apps (DApps) on the EOS network have more active users that Ethereum, Tron and Steem combined. But the debate on whether each user is a real person continues. A recent report from AnChain.AI found that about 75% of all transactions on the network are triggered by bots and not actual people.

Here’s an overview of the recent DApp activity on EOS, Ethereum, Tron and Steem, according to DappReview.

#DApp Daily Report:

?Volume#EOS ? 9.9M (1.6M EOS)#TRON ? 13.7M (409.1M #TRX)#ETH ? 8.6M (28.4K ETH)#STEEM ? 9.3K (25.5K STEEM)

?User
EOS 107.8K
TRON 40.7K
ETH 15.5K
STEEM 8.2K

Top 3 DApps by volume
?@TRONbet
?@eosjacksteam
?@NestCore#IAmDecentralized pic.twitter.com/9QDJ12kZ5a

— DappReview (@dapp_review) June 29, 2019

Ripple and XRP

A new interview with Ripple CTO David Schwartz at the Future of Fintech conference in NYC is now online.

Schwartz talks about the future of cross-border payments and makes the case for why banks and financial institutions should utilize the XRP-based xRapid instead of xCurrent.

Chainlink

Chainlink’s massive 2019 surge continues. After starting the year at about $0.29, the coin has surged to $4.20, at time of publishing, according to CoinMarketCap. That’s a 1,348% increase. Chainlink is currently the second most talked about crypto on Twitter, according to CoinTrendz.

Top 10 Mentions on Twitter in the last hour – $BTC $LINK $ETH $XRP $LTC $EOS $ADA $BCH $NEO $BNB

More on https://t.co/ke7SHQm6tN ? pic.twitter.com/sBNeLaAwP9

— CoinTrendz.com (@CoinTrendz) June 30, 2019

The coin first began to rally after Google revealed it will use Chainlink’s smart contract oracle system. Chainlink launched its mainnet on Ethereum early this month, and was listed on Coinbase on Thursday.

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities To Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
  • Sportsbet.io Launches One Million USDT Giveaway To Mark Champions League Finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,072.62
$103,072.62
1.15%
Ethereum
$2,467.73
$2,467.73
4.61%
BNB
$640.01
$640.01
1.91%
Solana
$165.41
$165.41
3.47%
XRP
$2.32
$2.32
3.66%

Spotlight

  • 413,032 Americans Affected As Major Data Breach Leaks Customer Names, Social Security Numbers, Financial Records and More
    May 10, 2025
  • Arthur Hayes Says Crypto Bull Market Primed To Continue, Outlines Bitcoin Path to Seven-Figure Price
    May 10, 2025
  • Saudi Arabia Eschews Formal BRICS Membership To Avoid Antagonizing US: Report
    May 10, 2025
  • $2,950,000 Enters Fraudulent Accounts at JPMorgan Chase, Wells Fargo, Bank of America and BBVA in Million-Dollar Romance and Money Laundering Scheme: Report
    May 10, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl