From a bullish take on XRP to new adoption for Stellar and Cardano, here’s a look at some of the stories breaking in the world of crypto.
Ripple and XRP
Crypto analyst Joe Saz says despite his skepticism of Ripple and XRP, he thinks the third-largest cryptocurrency appears poised for a rally.
In a new interview with BlockTV, Saz says the Bitcoin and crypto market at large is now in overdrive.
“It’s undeniable that there’s definitely demand for crypto right now. Outside of Bitcoin, inside of Bitcoin – whatever. It doesn’t matter. There’s demand for crypto.”
After putting his bias aside, he says XRP now looks ready for a breakout.
“As much as I’m the first to admit I don’t like the asset, I’m always curious how it’s performing. Because technical analysis is more about understanding the psychology of humans and their buying and selling behaviors…
I’m going to say this is a descending triangle and I don’t think we need to use too much imagination to draw it out. So the potential here is certainly in favor of a breakout. That’s one thing that I really find interesting with XRP is we get descending triangle breakouts, we get ascending triangle breakdowns and this isn’t the first. We’ve had this happen a number of times in the past.”
The crypto market is mostly flashing red at time of publishing, with Bitcoin down 1.58% at $9,168, according to CoinMarketCap. Ethereum is down 2.44% at $184.39 and XRP is down 2.08% at $0.2962.
Ethereum
The popular Ethereum-based wallet MEW has released a major chrome extension update. The new version allows users to browse decentralized apps (DApps) using temporary addresses. The move ensures people won’t accidentally send transactions and lose their funds.
In addition, the extension now has support for “watch-only” wallets, so users can track their balances without having to actually access their wallets.
Stellar and Cardano
The blockchain-based hotel booking platform Travala has added support for both Stellar (XLM) and Cardano (ADA).
Users who book rooms with XLM or ADA will get 5% off through November 7th.
A total of 22 crypto assets are now supported on the platform, with 1,654,357 properties available for booking.