Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • 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 Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • 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 Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Delivers Bitcoin Breakdown Alert – BTC, XRP, Ripple, Litecoin Update

by Daily Hodl Staff
December 1, 2019
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

From a potential end to Bitcoin’s short-lived rally to Ripple’s efforts to convince companies to use XRP, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Bitcoin analyst Josh Rager is warning traders not to be fooled by this week’s bounce from about $6,650 to a high of $7,800.

Rager tells his 60,000 followers on Twitter that BTC remains in an overall downturn despite the sudden move to the upside.

“BTC looks like a reversal with this follow through break down. High time frames don’t look great.

Traders keep trading and hodlers keeping hodling – if navigating the Bitcoin market were easy everyone would be here Enjoy the ride and learn along the way…

ADVERTISEMENT

Remember, the overall trend has been down, though price can’t move straight down and this relief was needed short term.”

A fellow trader known in the industry as Immortal Technique is also anticipating a reversal.

The analyst tells his 8,500 followers that Bitcoin bulls may be able to make one more push to $8,000.

But even if BTC makes it to $8k, Immortal says the party is essentially over, citing decreasing volume as the key factor to watch.

Source: Immortal Technique

Ripple and XRP

Ripple is looking for a key player to help grow the company’s XRP-based remittance product called On-Demand Liquidity.

The company is searching for a new senior project manager to boost XRP’s liquidity and “help realize Ripple’s strategy to reduce the cost of cross-border payments.”

So far, Ripple has rolled out ODL in Mexico and the Philippines, with payments giant MoneyGram moving 10% of its Mexican peso foreign exchange volume using the technology.

ADVERTISEMENT

Ripple says it plans to launch ODL in Australia and Thailand next year, along with a number of unnamed countries.

Litecoin

Director of the Litecoin Foundation, Xinxi Wang, says both the Litecoin and Bitcoin networks are slow out of necessity.

At the recent BlockShow conference in Singapore, Wang said slow transaction speeds are the current trade-off in order to ensure true decentralization.

“I do believe there’s always a trade-off between the three. For example, for Bitcoin and Litecoin, we always choose decentralization and security instead of scalability.

That’s why Bitcoin and Litecoin are all very slow. They can handle like seven or 28 transactions per second. But for some other applications, like the payments system that China is building, they have to handle billions of transactions every day. So they have to choose security and scalability instead of decentralization.”

ADVERTISEMENT

Wang points to so-called second-layer solutions like the Lightning Network as the key to scaling BTC and LTC to handle millions of  transactions per second.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


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

Crypto Livewire – Press Releases

  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,807.00
$49,807.00
0.88%
Ethereum
$1,566.03
$1,566.03
0.47%
Binance Coin
$243.24
$243.24
0.85%
Polkadot
$37.12
$37.12
0.94%
Cardano
$1.21
$1.21
2.35%
XRP
$0.446157
$0.446157
0.53%
ADVERTISEMENT

Spotlight

  • Altcoin Daily Names Top 8 Altcoins Poised To Erupt in March
    February 26, 2021
  • Ethereum’s Future Is Far More Uncertain Than Bitcoin’s, Says Andreas Antonopoulos
    March 2, 2021
  • Top Trader Says Bitcoin Bottom Is In, Plots New BTC All-Time High in March
    February 27, 2021
  • Crypto Trader Lark Davis Warns Ethereum in Big Trouble – Here’s What Could Solve Its Scaling Issues
    March 3, 2021

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.

Check your inbox for confirmation email.

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 • Explore • Futuremash •
Crypto Livewire

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • 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 Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.