Coin of the day is Ripple
Ripple was harmed badly after Coinbase ignore “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. Is it worth buying on lows?
Recap:
Ripple company classifies their product as a real-time gross settlement system (RTGS), currency exchange and remittance network. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. Despite its distribution, one of the most dangerous shortcomings of this company is that, in its essence, it belongs to a closed circle of people who have complete control over it, and this runs counter to the idealistic concept of crypto-currencies.
Coinbase ignoring Ripple
Ripple was harmed badly after Coinbase ignored “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. After the last crash against Bitcoin, the price fell to the start of the 2018 Year levels, erasing all gains of the January growth (peak at 0.00023) and almost 80% of the whole min-max interval.
Nonetheless, Ripple winning social polls. Which means that Ripple still have a lot of supporters.
Weiss Ratings poll
This news notwithstanding, XRP enthusiasts have more reason to rejoice now. A poll conducted by popular cryptocurrency rating agency, Weiss Ratings, has declared Ripple’s crypto coin is ahead of other coins. The Weiss Ratings poll was conducted on Twitter to determine the cryptocurrency which coin is the best to move funds between exchanges. The poll, which was conducted on Twitter was categorized into four with Ethereum, Bitcoin, XRP and “other” coins. XRP won the poll with 78% votes while Bitcoin had 6%, and Ethereum and ‘Other’ coins got 8% votes.
CNBC poll about “whether users of Coinbase actually need Ripple’s digital currency”
Ripple’s XRP also came out the winner in a recent poll organized by CNBC’s Fast Money. The poll was conducted to determine whether users of Coinbase actually need Ripple’s digital currency. Coinbase’s decision to not include XRP in the list of coins they’re exploring before listing them raised an uproar. The exchange’s list included Stellar, Cardano, Zcash, and two relatively unknown coins: 0x (ZRX) and Basic Attention Token (BAT).
Ripple’s digital token won CNBC’s poll with 34% votes. Other than Ripple’s native token, the poll also included Stellar (XLM), Cardano (ADA), and ZCash (ZEC). ZCash got 30%, and Cardano and Stellar got 25% and 11% respectively.
Technicals
From the technical point of view, XRPBTC is on the lowest possible level to consider further growth; it is 78,6% of the whole bullish uptrend which took place at the beginning of 2018. Recently the price has drawn a double-bottom pattern at the 0.000058 level. To consider any chances for a turnaround we should see that 0.000058 level will hold on and the price will eventually break above the Bearish Trend Line. A dive below 0.000058 level could be fatal at least from the technical view.
Ripple was harmed badly after Coinbase ignore “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. Is it worth buying on lows?
Recap:
Ripple company classifies their product as a real-time gross settlement system (RTGS), currency exchange and remittance network. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source internet protocol, consensus ledger. Released in 2012, Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. Despite its distribution, one of the most dangerous shortcomings of this company is that, in its essence, it belongs to a closed circle of people who have complete control over it, and this runs counter to the idealistic concept of crypto-currencies.
Coinbase ignoring Ripple
Ripple was harmed badly after Coinbase ignored “The American exchange had announced their plans to explore several coins but snubbed the third largest cryptocurrency”. After the last crash against Bitcoin, the price fell to the start of the 2018 Year levels, erasing all gains of the January growth (peak at 0.00023) and almost 80% of the whole min-max interval.
Nonetheless, Ripple winning social polls. Which means that Ripple still have a lot of supporters.
Weiss Ratings poll
This news notwithstanding, XRP enthusiasts have more reason to rejoice now. A poll conducted by popular cryptocurrency rating agency, Weiss Ratings, has declared Ripple’s crypto coin is ahead of other coins. The Weiss Ratings poll was conducted on Twitter to determine the cryptocurrency which coin is the best to move funds between exchanges. The poll, which was conducted on Twitter was categorized into four with Ethereum, Bitcoin, XRP and “other” coins. XRP won the poll with 78% votes while Bitcoin had 6%, and Ethereum and ‘Other’ coins got 8% votes.
CNBC poll about “whether users of Coinbase actually need Ripple’s digital currency”
Ripple’s XRP also came out the winner in a recent poll organized by CNBC’s Fast Money. The poll was conducted to determine whether users of Coinbase actually need Ripple’s digital currency. Coinbase’s decision to not include XRP in the list of coins they’re exploring before listing them raised an uproar. The exchange’s list included Stellar, Cardano, Zcash, and two relatively unknown coins: 0x (ZRX) and Basic Attention Token (BAT).
Ripple’s digital token won CNBC’s poll with 34% votes. Other than Ripple’s native token, the poll also included Stellar (XLM), Cardano (ADA), and ZCash (ZEC). ZCash got 30%, and Cardano and Stellar got 25% and 11% respectively.
Technicals
From the technical point of view, XRPBTC is on the lowest possible level to consider further growth; it is 78,6% of the whole bullish uptrend which took place at the beginning of 2018. Recently the price has drawn a double-bottom pattern at the 0.000058 level. To consider any chances for a turnaround we should see that 0.000058 level will hold on and the price will eventually break above the Bearish Trend Line. A dive below 0.000058 level could be fatal at least from the technical view.
Kommentera:
Due to excessive growth of Bitcoin price, which tends to drop Altcoins prices in short-term we could correct our critical level from 0.000058 to 0.000055 since such a reaction is short-lived.
