From Mike Novogratz’s new outlook on Bitcoin to Ripple’s push for XRP adoption in 2020, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
The CEO of crypto investment giant Galaxy Digital says he expects Bitcoin to rally at least 61% in 2020.
Mike Novogratz says he believes BTC will end the new year above $12,000. He’s also expecting a political upheaval in the US.
“2020 Predictions
#1. Donald Trump loses by more than 10mm votes.
#2 Bitcoin finishes over $12,000.
#3. USA Wrestling wins 3 golds in Tokyo
#4 Tom Hanks wins the Oscar for Mr Rodgers
#5 REFORM Alliance and it’s partners help shrink the ‘supervised’ population from 4.5mm to 4mm or <.”
In the short term, a crypto strategist and investor known as The Cryptomist tells her 43,000 followers on Twitter that BTC is not looking so hot at the moment.
She says Bitcoin appears locked in a descending triangle that will once again bring the leading cryptocurrency below $7,000.
“Previous post mentioned I was bearish. May not see $7,375 as first thought (imagined was the top). RSI resistance and descending triangle present. $7,000 next in my opinion.”
Ripple and XRP
Ripple vice president of global institutional markets, Breanne Madigan, says new XRP products are in the pipeline for 2020.
In the latest episode of The Ripple Drop, Madigan says new use cases for XRP are on the way as the San Francisco startup pushes for adoption of its XRP-based cross-border payments product ODL.
“We are fortunate at Ripple in that we have the ODL product, which is the first at scale, institutional-grade, utility-driven use case for digital assets…
We’re excited to build on ODL, and we here at Ripple are focused on new utility and new use cases for XRP through our Xpring initiative, and we’re excited about new products to come in 2020.”
Cardano
A whopping 9.3 billion Cardano (ADA), currently worth $299 million, have now been staked on the platform’s new incentivized testnet, according to PoolTool.
The testnet allows anyone who holds Cardano’s native cryptocurrency ADA a way to process transactions on the network and earn rewards.
Input Output, the company building Cardano, is also highlighting a feature called delegation, which allows ADA holders to leverage their holdings and earn rewards without having to set up a full node.
What is delegation and how do you delegate your stake for the Shelley Incentivized Testnet? Learn more about it and other FAQs here: https://t.co/a0LEGNNSjF #CardanoCommunity #Shelley pic.twitter.com/hPi3B1MSmL
— Input Output (@InputOutputHK) December 28, 2019
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