Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • 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 Blog
    • Press release
    • Sponsored post
  • 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 Your Guest Blog
  • 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 Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Trader Marks Bitcoin (BTC) Bottom, Says Pain Isn’t Over Yet – Plus XRP, Ripple, EOS, Cardano Updates

by Daily Hodl Staff
November 20, 2019
in Altcoins

From new analysis on the price of Bitcoin to an update on the EOS vs. Cardano debate, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

A crypto analyst known in the industry as The Cryptomist says a key indicator suggests Bitcoin may be poised for a temporary turnaround.

In a series of tweets, the analyst tells 42,800 followers on Twitter that Bitcoin’s relative strength indicator suggests bulls will regain control for a short while before the leading crypto tumbles to a target of $7,100.

“Don’t think it will be long until bulls in the short term take the wheel as RSI on various time frames look bottomed! I do think this will be short term, before further descend towards a final touch of wedge support.

Seeing on my timeline, a lot of trash talking for those calling for $7***. Meanwhile, I have been calling $7.1k since last month… Awkward.”

Source: The Cryptomist/Twitter

At time of publishing, Bitcoin is down 0.52% at $8,219, according to CoinMarketCap.

Ripple and XRP

Ripple co-founder Chris Larsen says he thinks digital assets like XRP will play a major role in the movement of money around the world.

In an extended interview on The Ripple Drop, Larsen talks about the role of digital assets in the economy and the regulatory environment that needs to exist in order to move blockchain and crypto forward.

“Digital assets, which of course are impossible unless you have a blockchain, those currencies are going to be extremely important for reducing liquidity costs and sort of just greasing the wheels of how all of these other things of value [move].

The dollar, yen, RMB, the euro, are always going to, in my opinion, be the dominant currencies of the world. But they need a digital asset to enable that easy translation from one thing of value to another thing of value. So we think [crypto assets] supplement the global economy in key ways…

The key thing is regulatory clarity. That’s the part that unfortunately I think is missing in the US market right now. It’s still too confusing. It’s too inconsistent. And there are just too many question marks. And that really hurts innovation because the funders of these technologies kind of hold back. The innovators hold back or worse, they go to another place.”

EOS and Cardano

Weiss Ratings, a private company that offers market research and analysis on stocks, ETFs, mutual funds, banks, credit unions and cryptocurrency, just completed its multi-day tweetstorm on EOS vs. Cardano.

Here’s a look at the firm’s comparison of the two smart contract platforms.

“Cardano is clearly superior to EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior. More details on this in subsequent tweets…

Not only does EOS have problems with centralization, but lately, the network has also been unable to process any transactions for anyone who doesn’t have a substantial amount of EOS locked up and staked. This is a result of EOS trying to go with a feeless structure.

It reintroduced fees by introducing REX, which is also broken and stuck at maximum capacity. And we’re just scraping the surface here.

Here’s why Cardano is superior: none of these things would’ve happened if EOS took its time and did its research. When new features roll out in Cardano, they’re thoroughly tested, so you can be sure they’ll work with no unintended consequences.

Research is king in crypto, and very few are doing it.”

You can check out the full series of tweets here.

[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

  • Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release on the ReserveBlock RBX Network, Proceeds To Benefit the Boot Campaign
    August 16, 2022
  • Oraichain Introduces Accelerator Program for DApps Building on Its AI Layer One Ecosystem
    August 15, 2022
  • DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
    August 11, 2022
  • Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai
    August 11, 2022
  • DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap
    August 8, 2022
  • Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston
    August 8, 2022
  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,917.41
$23,917.41
0.98%
Ethereum
$1,877.31
$1,877.31
1.78%
Cardano
$0.563831
$0.563831
1.05%
XRP
$0.376378
$0.376378
0.03%
Dogecoin
$0.086247
$0.086247
11.25%

Spotlight

  • Curve Finance Gives Update After $570,000 Worth of Ethereum (ETH) Goes Missing in Suspected Exploit
    August 10, 2022
  • Ethereum Flying off Exchanges While Bitcoin Moves in the Opposite Direction: Crypto Analytics Firm IntoTheBlock
    August 13, 2022
  • Analyst Who Called Bitcoin Collapse This Year Issues Fresh Warning for Altcoin Traders
    August 16, 2022
  • Mark Cuban Reveals Low-Cap Altcoin Portfolio, Including ApeCoin (APE) and Five Additional Crypto Assets
    August 9, 2022
Finance Magnates London 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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 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 Your Guest Blog
  • 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 Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl