Binance CEO Says Crypto Industry and Price Will Skyrocket 1000x – Plus Ripple and XRP, Ethereum, EOS, Litecoin, Monero, Stellar
From the future of crypto according to the CEO of Binance to new adoption for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Binance CEO Changpeng Zhao is bullish on the future of Bitcoin and crypto.
In a new YouTube interview with Forkast News, Zhao says he expects the industry and price of the speculative crypto market to grow 1,000 times.
“I forecast there will be a thousand blockchains and a million tokens. So that’s why we are very focused on the token market, and hopefully, we will be a big player. We will remain to be a relevant player when that happens… the industry is going to get 1,000 times bigger for sure. And so will the price, I think.”
As for the future of his company, Zhao says his focus overall is to ensure he builds a thriving ecosystem around Binance Coin (BNB).
“I think the future is the currency. It’s the BNB value that we want to drive. So we’re building everything for BNB. It’s all about adding more utility to BNB. I think this is the thing we can do really well, we can add a lot of value to projects. We can bring a lot of value to users, and we can bring a lot of value to this industry, which will then make ourselves bigger.”
Zhao is also welcoming Facebook’s entry into the space, along with its massive user base.
“I think I am the inclusive guy. I think in this industry where we promote freedom, we should have the tolerance or the acceptance for anybody to come in, because that is freedom. So, I always welcome any company, any coin to come to our industry, as long as it is not a scam. I do not think Facebook is a scam. I do not think Mark Zuckerberg needs to raise a billion dollars and disappear. He is already way beyond that. The other factor I judge a project by is by number of users, so I think they will have a large number of users.”
Ethereum
An Ethereum-based platform that allows people to turn their commercial debt into ERC20 tokens is now live.
The founder and CEO of Cadence, Nelson Chu, says the digitization of private debt is overdue.
“The securitization market for private credit has been in desperate need of innovation, especially when it impacts so much of our economy today. Think about the granola bar company that just got their first big purchase order from Whole Foods that they can’t fulfill or the mobile app developer that needs to make payroll while Apple takes 45 days to pay out their earnings from the App Store. Cadence is doing its part to help power the growth of small-to-medium-sized enterprises by providing them market-driven cost efficiencies.”
Ripple and EOS
Ripple and Block.one, the creator of EOS, are two of the top 15 companies with the most job openings in the blockchain and crypto space, according to a new report from TeQatlas.
Ripple is number eight on the list, with 57 job openings. Block.one is number eleven, with 51 openings.
Litecoin and Monero
Veteran technical trader Peter Brandt, known in the space for calling Bitcoin’s big crash in January of 2018, says he believes two altcoins have a strong chance of surviving in the long run.
In a new tweet, Brandt calls out Monero and Litecoin as two coins that could be built to last. The Winklevoss twins recently called out two different altcoin picks.
I actually like the chances of XMR and LTC to survive
— Peter Brandt (@PeterLBrandt) July 7, 2019
Stellar
The team at the Stellar Development Foundation has released a new update on what’s happening in the platform’s ecosystem.
The report covers new developments on the Stellar-based platforms SatoshiPay and StellarX, new core updates and a look at upcoming events.
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