The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Is Heading to $70,000 and Naysayers Can Stay Out, Says Crypto Analyst – Plus Updates on Ripple and XRP, Ethereum and Litecoin

by Daily Hodl Staff
October 18, 2019
in Bitcoin

From a bullish outlook on Bitcoin’s trajectory to new adoption for Ethereum and XRP, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Technical analyst and manager of The Active Investor service on Seeking Alpha, Brian Fletcher, says Bitcoin is moving through an Elliott Wave pattern as expected, and is now on course to hit $70,000.

Analysts utilize Elliott Wave theory to predict future price action by identifying crowd psychology that manifests in waves.

In part five of a look at Bitcoin’s trajectory, Fletcher writes that BTC is set for one more rise to $10,000 and one more dip to around $7,000. After that, he believes the leading cryptocurrency will begin a long-term bull run to new all-time highs.

“…blue wave 4 is complete as of late 2018, and BTC has now commenced in earnest its move to the $70,000 region.

The c-wave portion of the initial w-wave is a diagonal structure, suggestive that it will produce a reasonably high wave 4 up to the $10,000 region before providing the final 5th wave down to $6,900.”

Although crypto is extremely risky and investors could lose it all, Fletcher says he thinks a small allocation to Bitcoin will end up going a long way.

“Bitcoin is poised for significantly higher levels. For all the naysayers, you have a simple choice – don’t participate. However, for those who are willing to allocate a small portion of capital to this opportunity, it won’t take much to make a lot.”

Ethereum

The National Basketball Association (NBA) says the Sacramento Kings are the first pro sports team to launch crypto collectibles in the US.

The Ethereum-powered vinyl toys will be built by CryptoKaiju and handed out to fans throughout the 2019-2020 season.

“Each toy is backed by a non-fungible token, meaning that no two Kaijus are the same, and each will have their own unique descriptions and features, which can be traced on blockchain.

On 15 rare toys, the non-fungible token will reveal a unique experience or prize including court side seats, VIP tours, signed Kings merchandise and more.”

Ripple and XRP

CoinField CEO Bob Ras is addressing a number of questions on the company’s new tokenized stock trading platform Sologenic, which utilizes XRP.

Ras confirms the platform will tokenize thousands of stocks like Apple (AAPL) and pair them with both XRP and a new stablecoin SOLO.

When asked why CoinField needs SOLO and doesn’t rely solely on XRP, Ras said the crypto asset will be used to offer additional features like trading fee discounts and community votes.

“SOLO has been designed purely for market making and liquidity providing while all the tokenized assets are tradable against XRP or SOLO. For example, users can decide to trade the tokenized stock of APPLE “AAPL?” with XRP or SOLO.

Basically, all stock or fiat-backed stablecoins are XRP and SOLO trading-based pairs which certainly increase the volume for both. SOLO works inline with XRP within the Sologenic ecosystem to make every component functional.

We needed to introduce SOLO to be able to design the whole ecosystem to offer trading discounts, a community participation program (voting) and community fund. I suggest everyone read the white paper carefully to understand how things work.”

Litecoin

Litecoin creator Charlie Lee is pushing back on claims that the Litecoin Foundation is running out of cash.

Lee says the Foundation is nowhere near bankruptcy, and has $200,000 in cash on hand. It released its 2Q19 unaudited financial statements last week, revealing that reserves have increased with the rise in Litecoin’s price, more than offsetting an operating loss of $13,000.

Lee initially donated nearly $468,000 to the Foundation back in 2017.

It's not near bankruptcy. Don't listen to stupid fud and lies. We have enough money to last 2 years.

— Charlie Lee [LTC?] (@SatoshiLite) October 14, 2019

In addition, Lee says the Foundation’s coffers will likely be increased after the Litecoin Summit in Las Vegas on October 28th.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
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 loses 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

  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,268.57
$28,268.57
1.59%
Ethereum
$1,806.55
$1,806.55
2.37%
Cardano
$0.365155
$0.365155
2.91%
XRP
$0.431935
$0.431935
3.14%
Dogecoin
$0.076005
$0.076005
1.3%

Spotlight

  • Legendary Trader Peter Brandt Says Bitcoin (BTC) Likely Targeting New All-Time High – Here’s His Timeline
    March 22, 2023
  • Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap
    March 22, 2023
  • BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome
    March 22, 2023
  • Bitcoin Breakout in Sight As BTC Flashes 2019-Style Accumulation, According to Top Analyst – But There’s a Catch
    March 22, 2023
NBX Warsaw Summit Banner
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

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl