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Record Day for Bakkt as the Bitcoin Futures Exchange Posts an Overnight 796% BTC Trading Volume Increase

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In its first few weeks of existence, Bitcoin Futures Exchange platform, Bakkt was all over the news for its dismal Bitcoin Futures contract volume. However, it appears that the tides are changing as Bakkt managed to record a substantial boom overnight after the exchange hit a new all-time-high for traded contracts yesterday.

Yesterday, on 9th October 2019, the Bitcoin Futures Exchange platform posted some 224 Bitcoin BTC in volume just a day after the platform had some 25 Bitcoin BTC traded on its platform. The 25 Bitcoin BTC volume posted by Bakkt was the all-time platform low it has ever recorded since its inception.

Bakkt platform was introduced to the market about two weeks ago, and it is recording trade volumes below 9 million US dollars. Ever since its inception, the Bitcoin Futures Exchange platform is trading under 1 million US dollars on most days.

In the first week of operation, the Bakkt exchange was believed to be struggling after its trade volume posted low activity in the platform. In the second week of trading. Bakkt saw its volume flatline to about 50 Bitcoin BTC a day, prompting the crypto market to wonder whether the so-called institutional investors for the number one crypto, Bitcoin, really existed at all.

Alongside Bitcoin’s Price Surge, Bakkt’s Trade Volume Surges

After days of low trade volume, the Bitcoin Futures Exchange platform, Bakkt, seems to be finally showing a progressive increase hitting its highest trading volume since its inception. After having a slow start on 9th October 2019, the Bitcoin Futures Exchange platform managed to record an impressive 224 Bitcoin BTC contracts traded.

Earlier yesterday, Bakkt futures trade activities managed to hit the 1.83 million US dollar mark, a significant peak that shows the Bitcoin Futures Exchange platform has a future in the crypto market.

According to some crypto pundits, the sudden peak is attributed to Bitcoin’s price recovery that was realized yesterday, pushing the market value of the leading crypto asset to about 8,600 US dollars. Since the market witnessed the price recovery of Bitcoin, Bakkt trading activity skyrocketed from the slumber to post about 20 billion US dollars in the last 24-hours.

According to an avid crypto analyst, Larry Cermak:

“Bakkt’s trading volume managed to reach a new daily high on 9th October 2019 with 1.93 million US dollars. However, the total trade volume is still short of the 9 million US dollar mark.”

Bitcoin Upward Price Momentum

After weeks of price decline and sideways trading, the most popular crypto asset, Bitcoin seems to be finally making notable progress, surging to about 8,600 US dollars in a matter of hours. The latest bitcoin price surge marks BTC’s three-week high as trade volumes across the crypto market also surge significantly.

According to information available on our desk, the bullish momentum, along with the plunging wedge’s breakout a few days ago, is not lousy tiding for Bitcoin’s price. However, Bitcoin’s current situation is interesting to follow to see whether the crypto asset will manage to bypass the upcoming resistance line at the 200MA.

It is essential to say that Bitcoin’s dominance in the crypto market has been on the decline the past couple of weeks, threatening the well being of the entire crypto market. Despite the lousy tiding for the number one crypto asset, a few altcoins have been taking advantage of Bitcoin’s dismal performance recording impressive gains.

Binance Coin BNB, Ether ETH, and Ripple (XRP) all made impressive strides against the US dollar and Bitcoin. From the look of things, it seems that the market trend that was witnessed in the second half of 2019, where altcoins suffered from Bitcoin’s dismal performance, is something that is changing.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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What is the Force Behind the Current Bitcoin Price Rally?

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In the past few days, the crypto markets have been showing signs of growth with many different virtual assets (including Bitcoin) recording upward movements over the last 24-hours. Over the last few days, the market has witnessed major crypto assets recovering from the September selloff that threatened the stability of some of the virtual assets.

At present, a good number of altcoins have managed to recover to their pre-selloff levels remaining in the upper side of the recent trading region and failing to develop a trend reversal. But, Bitcoin looks to be the one in most favorable conditions right now.

https://twitter.com/Super_Crypto/status/1182116423172317184

On careful market observation, it is evident that the number one crypto asset, Bitcoin, also has been struggling to recover some of its vital price levels, recording some sideways movements. However, according to market research and ongoing price patterns, it is evident that the market might be gearing itself for a major comeback with the ongoing positive signs.

For instance, Bitcoin and the cryptocurrency market capitalization managed to surge upwards by more than 5 percent in the last couple of days. Many other virtual assets such as Ethereum (ETH), Litecoin LTC, Bitcoin Cash BCH, Tron TRX, Binance coin BNB, Cardano ADA, and EOS are also showing positive price movements in the market.

Binance Coin Price Analysis

According to our market research, Binance Coin seems to be walking well with the recovery pack, having appreciated by more than 7 percent in the last seven days on CoinGecko at the time of writing.

In the past few days, Binance coin (BNB) has shown signs of breaking to new levels on the price chart. Since the commencement of this week, the virtual currency has been staging an impressive performance showing bullish impetus above the 16.50 US dollar and 17.50 US dollar resistance levels. Binance coin BNB has managed to upsurge by more than 10 percent to even test the 18.00 US dollar resistance level.

At present, the Binance coin is correcting lower, but the 17.50 level might act as a strong support region. On the good side, if the coin manages to move past the 18 US dollar level, it might push the price towards 18.80 US dollars. This will be a new record for the cryptocurrency.

At the time of writing, the market cap of BNB is at about 2,718,547,679 US dollars. Binance coin circulating supply is at 155,536,713 BNB, with the 24-hour trade volume hitting the 220,295,183 US dollar mark. Considering its progress, the past few days, it is going to be interesting to see what the virtual asset has to install for traders and investors in the coming days.

Bitcoin Price Analysis

Bitcoin, the world’s most famous virtual asset, also managed to record positive price movements as the digital asset managed to reach the market value of 8,626.14 US dollars on CoinMarketCap earlier yesterday morning.

According to the CEO of crypto hedge fund, BitBull Capital, Joe DiPasquale,

“Today’s 4 percent price increment by Bitcoin to bypass the 8,600 US dollar mark can be attributed to two main factors namely: the decision of the US Federal Reserve to resume treasury acquisitions and balance sheet expansion that is usually used to signal a liquidity crunch in the US economy might be one of the factors behind Bitcoin’s rise. The second factor might be the positive sentiments by Bitwise towards Bitcoin’s EFT platform that is expected to roll out on 13th October.”

Although Bitcoin is still down by over 22 percent from its September high of 10,800 US dollars, the cryptocurrency has managed to surge upwards by over 8 percent in the last few days to land on its current market price of about 8,488 US dollars.

With the number one cryptocurrency now back again above its symbolic 150 billion US dollar market valuation, it is expected that the rest of the crypto market will not disappear into oblivion.

Ethereum, Bitcoin Cash, Litecoin, EOS, among many other cryptocurrencies, have also managed to record upward price movements restoring hope in the crypto market.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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German Property Developer Giant Bauwens Invests in Security Token Firm

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One of German’s leading real estate giants, Bauwens, has decided to take a long-term stake in the future of property development investment being tokenized. Announcing the news this morning (Oct 9, 2019), the real estate company disclosed that it had acquired a 15 percent stake in shares in Fundament in cash.

Fundament is a blockchain-based securities company that has links with German properties and is built on the Ethereum (ETH) technology. According to Fundament Chief Executive Officer, Thomas Ermel, Bauwens agreed to buy 15 percent of the company’s shares in cash in September after it began talks for a partnership in May.

Founded in 2017, the German-based blockchain company, Fundament Group, offers security tokens on Ethereum’s blockchain platform to raise monies to advance the property estate industry.

In July, the security token company received approval from the German Financial regulatory body BaFin to go ahead with its first virtualized real estate bond that is believed to have an issue volume of about 274 million US dollars.

At present, the security token company is prepping for its upcoming 280 US dollar real estate share token sale that was to be held on 8th October 2019 for both retail and corporate investors.

The partnership between the two significant companies is crucial as they both play a vital role in their respective jurisdictions. For Bauwens’, German’s leading real estate giant, the company has an impressive development portfolio that includes some of the country’s significant commercial and residential properties that are said to be more than 7.3 billion US dollars in worth.

The strategic partnership between Bauwens and Fundament is poised to position the blockchain-based security token firm on a vantage point that will see the firm gain access to a development channel in the country’s key urban areas that include Berlin, Munich, Frankfurt, and Hamburg. Similarly, by partnering and investing in Fundament, Bauwens is positioning itself to grow more in the innovative new space of tokenized real estate investments.

According to the Managing Director of Bauwens Digital GmbH, Alex Jacobi:

“After months of deliberation and anticipation, Bauwens is pleased to announce to the world the partnership with Fundament Group. We want to make it known that Fundament Real Estate Token is an extremely thought-provoking option for selling our properties, and we are glad to offer them our real estate and digitization support. By partnering with the blockchain-based company, Bauwens is strategically placing itself in the emerging real estate tokenization market.”

Fundament Group is availing real estate investment opportunities to corporate and retail investors while breaking down the barriers that previously restricted asset classes.

Although the partnership is now signed and sealed, not every project at Bauwens meets the investment criteria of Fundament.

According to the CEO of the blockchain company Fundament, Ermel,

“We will choose the most suitable real estate projects in our sphere for our portfolio.”

On the other hand, the co-founder of Fundament and policy advisor of the German government, Robin Matzke, believes Bauwens has availed access to a wide assortment of real estate projects. Day-care facilities, common work areas, and hotels are some of the real estate projects available for Fundament through the partnership.

Why the Partnership is Game Changer

The parties involved in the partnership are significant companies on their right in their respective domains.

Apart from being one of the oldest and largest real estate company, Bauwens is one of the few companies that has an impressive portfolio that cuts across both residential and commercial properties.

According to Fundament’s CEO, Ermel, who also has over a decade of experience working with property investments, blockchain technology has the potential to revolutionize an industry that has long suffered from issues of structural trades.

The main benefit the market is poised to experience from blockchain technology is the removal of barriers that make investing and trading cumbersome.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple Shakes Hand with Finastra to Bring Blockchain Technology in Banking

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Earlier today, Ripple took to their website to announce their partnership with a financial software company, Finastra, to push its blockchain technology in banking even further.

According to the publication, Ripple will now be free to offer its blockchain settlement technology to Finastra’s banking customers following the agreement. In a bid to fuel international settlements, Ripple will provide its blockchain technology through Finastra’s settlement solution.

As per the details surrounding the partnership, Finastra’s customers will be able to transact with Ripple’s existing partners that include over 200 financial institutions. In turn, Ripple partners will have the mandate to tap into Finastra’s market reach taking advantage of its reliable banking environment.

According to the Senior Vice President of Customer Success at Ripple, Marcus Treacher,

“As a blockchain and crypto company, we are thrilled to partner with a forward-thinking business such as Finastra to avail our blockchain technology to their huge customer base.”

Treacher added,

“Finastra is not your ordinary company as it is an established fintech stakeholder who works with a majority of the world’s leading financial institutions and banks. This working agreement is poised to expand Ripple’s reach and its network’s footprint while enabling its customers to execute transactions directly with each other.”

Under the partnership, Finastra’s huge customer base will have access to Ripple’s network, Ripple’s global blockchain settlement platform, to provide faster, cheaper, and more secure settlements.

https://twitter.com/XrpCenter/status/1181898688773406721

The partnership will permit customers to transfer cross-border settlements with visibility into fees, delivery time and status, and tracking. Also, Ripple’s cloud solution will host customers promising to improve integration speed with other network partners, thus allowing for faster upgrades. All the customers will have their wallets securely stored by Ripple’s cloud service. This will improve the operational speeds associated with transactions.

For the partnership to be a win-win agreement, Ripple customers will also have to receive benefits from Finastra. And according to the arrangement present between the two companies, Ripple users will also have access to Finastra’s platform of banking institutions. This will allow Ripple customers to communicate and partner with each other in reciprocated transactions.

Finastra’s customer base will also have the option to access Ripple’s new On-Demand Liquidity product that utilizes Ripple’s default currency, XRP. According to a senior ranking Finastra executive:

“Partnering with a solid company as Ripple that supports innovative blockchain technologies to provide reliable and fast international settlements is particularly beneficial for our clients in regions where the cost of corresponding banking is high.”

Ripple’s network volume is poised to increase drastically following the partnership between the two companies given that the Finastra banking platform will allow Ripple customers to access and trade with each other.

Finastra’s Senior Vice President, Ritesh Singh said:

“Finastra’s partnership with the crypto and blockchain technology company, Ripple, is another strong indication that Finastra believes the future of finance is open. Our move to partner with Ripple is also an indication that we are committed to bringing the latest innovations and adoptions to our customers.”

Recently, the London-based payment service provider, Finastra, announced to the world its decision to launch its Fusion Mortgagebot Data Insights product in a bid to gather customer behavior insights. Finastra intends to avail the customer behavior insights to users to improve borrower experience through Machine Learning and Big Data.

Ripple Issues

In the past few months, Ripple has been facing some regulatory and legislative problems as several disgruntle XRP investors decided to take the company to court.

The charges assert that Ripple’s XRP should be treated as a security, which means the crypto company has violated several US securities laws. However, the Ripple legal team has rubbished the claims during the court appearances with solid arguments. Hopefully, crypto followers will see the end of the legislative challenge soon.

Ripple’s budding relationship with Finastra is sure to solidify the blockchain firm’s position as a market leader in the cross-border blockchain payment industry. Also, the partnership is situated to serve as am example of how successful blockchain and be in banking.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Crypto is Officially Dead, Says a Renowned Crypto Analyst

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Since its inception almost a decade ago, the number one crypto asset, Bitcoin, and the entire crypto sphere it produced has always faced streams of doomsayers who claim the virtual asset industry is dead or headed for obsolescence.

Throughout media outlets, continual publications appear to indicate how the cryptocurrency boom is over. Yesterday, a renowned crypto analyst, Kevin Pham, who is also known by his pseudo-Twitter name @_Kevin_Pham, joined the naysayer’s bandwagon to claim the death of cryptocurrency.

Using his Twitter page, crypto analyst, Kevin Pham published a tweet that dated 8th October 2019 saying:

“Crypto” is officially dead. I’m calling it. Screenshot this.

Without giving any further explanations to back his claims, Pham maintains the world is experiencing the last days of the crypto market.

At present, various crypto news outlets that track the progress of virtual currencies claim the crypto landscape is inching closer to its death bed as more than 1,000 crypto assets have been pronounced dead to date.

For instance, Bitcoin has reportedly died more than 300 times since its inception despite its previous peaking achievements. Since hitting the glorious 20,000 US dollars market price in 2017, Bitcoin’s current price dip appears to be wiping out all its virtual fortunes.

Currently, what the market is experiencing in regards to Bitcoin and the crypto market is a little bit of price increment, a little bit of price dip. Following the recent market trend, the market is flooded with crypto-gloom news that is designed to paint the once-promising and budding industry in a bad light.

The question in so many people’s minds is whether cryptocurrency is headed for the grave along with Beanie Babies and other speculative vestiges of mania.

According to our desk, the current crypto slowdown should not be interpreted as the deathbed of the crypto industry. The world is still witnessing the initial stages of this remarkable technology wave that is yet to touch the spectrum of possibilities.

According to our analysis, the crypto analyst is misinformed to claim crypto is officially dead. We believe cryptocurrency and Bitcoin are technologies that will not fade any time soon despite the narrow opinions that are fashioned to disregard the best parts about virtual assets.

Today, Bitcoin is the leading crypto asset in the world and has more than a decade’s worth of experience in the market has survived worse periods such as the Silk Road fiasco, the Mt. Gox compromise, and widespread negative market speculations. Ten years after its introduction to the world, Bitcoin is worth four figures despite its current poor market performance thanks to its volatility nature.

At present, Bitcoin and many crypto assets in the market are at the dreaded death cross. The dreaded death cross is the term that is used when a crypto asset’s short-term moving average moves below its long-term moving average. When noted on the charts of a crypto asset or fiat currency, the dreaded death cross indicates the extension of a downward trend on the footpath of an asset.

On careful observation and to the disappointment of many crypto followers, the total crypto market capitalization is showing signs of inching closer to completing the dreaded death cross. If things continue as they are, the market could be returning to its harsh crypto winter season that is sure to damage the crypto industry.

Death Cross Does Not Mean Crypto is Dead

According to the United States calendar, every 2nd February is a celebration day known as Groundhog Day. As the tale goes, if the Punxsutawney Phil groundhog manages to see its shadow, then the county is in for an extended winter period.

A similar superstition suggests that an extended winter period might be on the offing across the crypto market if the death cross is witnessed in the industry. However, the dreaded event should not be translated to mean that the crypto industry is on its death bed or is dying.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Xago Launches its Custom Built XRP-only Exchange and Gateway

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Earlier today, a South African-based fintech firm, Xago, announced to the world the launch of its custom-built XRP exchange and Ripple gateway in the country.

According to information reaching our desk, the XRP only exchange connects to and uses Ripple’s network to exchange, send, and receive Ripple’s default virtual currency, XRP.

The Xago XRP exchange will only allow individuals who have a South African bank account to exchange, send, and receive Ripple’s XRP coin using the South African Rand and not any other fiat currency.

Going by the information that is available on our desk, the south African remittance platform, Xago, developed the XRP only exchange to create liquidity of XRP in the southern African nation. The platform aims to act as the market-making network for crypto fans and firms who wish to utilize and trade with Ripple’s default currency, XRP, and Ripple’s Ledger.

Ripple’s network is a viable option for Xago to realize its mission due to its efficient and effective settlement between wallets. Over the years, RippleNet has managed to create a good name for itself in transferring value between exchanges with little or no exposure to volatility.

Apart from increasing awareness of Ripple’s technology in Africa, the launch of the XRP only exchange marks a significant milestone that is sure to see the demand and price of XRP surge upwards.

Also, the South African-based fintech company, Xago, is looking to debut a settlement switch and an API product that will allow South African firms to accept Ripple’s default currency, XRP, in their businesses. Xago intends to make this a reality by utilizing the Ripple network that enables cross-border settlements, replacing the need for card technologies in retail.

Xago’s take on Ripple (XRP)

During an interview with BitcoinKE, the Chief Commercial Officer of Xago, Debra Roodt, said that the current transaction speeds of Xago’s XRP only exchange match those of Ripple’s network even though the custom-built exchange employs two-factor authentication technology on its platform for all actions except for buying and selling.

According to information made available by Roodt, the custom-built XRP only exchange will also use users’ mobile numbers to act as identifiers contrary to using email addresses. By doing this, Xago is ensuring safe system accessibility to its users, reducing compromising issues, and heightened security. Consumers will be able to purchase goods using only their cell phones and their cell phone numbers, avoiding traditional payment rails.

The Xago cell phone number-based identity system is developed to connect user cell phones with the blockchain and retailers in one seamless experience. By charging lower transaction fees, the Xago platform is positioned to compete in the high stake retail environment enabling clients to come up with new and innovative products that will ultimately benefit the end consumer.

As a south African remittance platform, Xago was founded by Sonya Kuhnel (COO), Jurgen Kuhnel (CEO), and Mark Chirnside (Chairman) in 2016. The fintech company believes blockchain technology and more specific RippleNet has a significant role to play in transforming the payment sector.

While speaking on why they chose to focus on Ripple and XRP, Xago CEO Jurgen Kuhnel said:

 “The industry is grateful for Bitcoin’s blockchain technology in managing to solve the double-spending problem by introducing the P2P payment solution without the need for a trusted 3rd party through mining. However, RippleNet managed to take this one step forward by building a faster and more cost-effective decentralized ledger that can compete with existing clearing and banking technologies.”

According to information reaching our desk, Xago is waiting for the XRP only exchange to realize sufficient liquidity to debut its settlement switch, which is positioned to connect retailers through the firm’s existing hardware and software platforms.

What this means is that where Xago will be in use, retailers will not need to use card networks — thanks to Ripple’s blockchain technology and its default cryptocurrency, XRP.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple CEO: The focus on cross-border payments is the best move

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The “Brad Garlinghouse Breakfast” eventually happened. For crypto enthusiasts, especially Ripple holders, it’s a week that you must be prepared to see a lot of Garlinghouse.

Today, Ripple CEO Brad had the opportunity to speak at the high-level economic club of New York. The message was dominated as you might have guessed about Ripple and its token XRP. The most crucial highlight of his interview was that the ‘banks don’t like Swift.’

The Sky is the Limit

The forum is arguably the very high level of all, and the organization has already hosted multiple US presidents as well as leaders from the global Fortune 500 companies. It’s the kind of stage that Brad needed and didn’t waste any second to explain how Ripple is making giant strides to become the best.

Over the past, the Ripple CEO has been consistently stating that it’s never a case of if Ripple will overtake Swift but instead when. Today, he went a step further to highlight how Ripple is making the cross border transactions seamless and added that Banks now don’t like Swift.

https://twitter.com/XRP_XPRT/status/1181556594678603776

Brad Garlinghouse’s statement can be backed by the fact that several banks in the recent past have shown interest in Ripple. Currently, Ripple has over 200 banks under its belt and still going strong.

Banks want to improve the cross-border payments, and it seems like Swift is not offering the speed that the modern world deserves. Therefore, with Ripple up to speed, it’s easy to understand why Garlinghouse is so much positive that Swift is no longer an option.

According to him, the focus on cross-border payments is the best move for the company.

More will come from Garlinghouse this week as Garlinghouse is later scheduled for a Fox Business Interview. Then later tomorrow, a full release from Anthony Pompliano will be out of an entire 90-minute interview with Ripple CEO.

The stage was big today for Brad to tell it all, after all, how could he not? Nevertheless, Ripple and its digital asset XRP are ticking all boxes, and only time will tell what the future holds.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Ripple (XRP) is a Pile of Crap, Says a Renowned Crypto Analyst

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In recent time, Ripple has been on a disappointing roller-coaster discouraging XRP holders as well as the crypto community with its dismal market performance. Ripple (XRP)’s market performance has been nothing but disappointing in all levels in recent time: instead of bypassing the 0.3 US dollar level, the crypto asset seems to be on a downward trend, hitting its lowest market price in the recent few days. Yes, it has jumped rather nicely today.

Now the question a lot of crypto pundits are asking is whether the crypt asset is going to continue with the negative onslaught or is it going to recover? Is it a good time to buy Ripple (XRP)? Should traders wait a bit to purchase the crypto coin? At present, there is a lot of anxiety going around the crypto community in regards to Ripple’s XRP.

According to information available on our desk, Ripple’s default currency, XRP, is down almost 90 percent against Bitcoin from where it was last year at the same time. Except for making a substantial price improvement over the previous 24 hours, Ripple’s XRP has been struggling mightily over the previous seven days.

This article is going to try and shed some light on what to expect at the price of the number three ranked cryptocurrency. And then you can evaluate yourself if the claim made by the crypto analyst in question is correct or not.

Ripple (XRP) Price Prediction Indicates a Bullish Bat is in Formation

According to Ripple (XRP)’s price chart, the crypto’s short term 1-hour chart indicates the formation of a bullish BAT after the creation of a bullish shark pattern was witnessed in the XRP/USD price line.

Ripple XRP
Source: CoinMarketCap.com

On careful review of XRP’s price pattern, the price chart indicates Ripple’s last leg will be reviewed from 0.786 to 0.89 Fibonacci retracement level. The current price movement of native cryptocurrency of Ripple suggests that the crypto asset will soon enter into the potential reversal zone.

According to our analysis, the potential reversal zone (PRZ) should be utilized as a stop-loss point in an event a complete candlestick closes below the current market price zone.

Therefore, our price analysis is as follows:

Traders and investors should consider buying Ripple (XRP) between the price level of 0.2558 to the price range of 0.24098. Also, investors and crypto traders should consider selling XRP tokens when it is ranging between the 0.23710 and 0.24357 US dollar price range.

At the moment, crypto traders and investors might have problems profiting from the crypto asset, but our analysis indicates that October is going to be the month of reaping good profits. Today being the last day of September, we predict that native Ripple cryptocurrency is going to get stable at 0.25 US dollar price mark.

Fear and Greed Index

The fear and greed index exposes investor and trader sentiments in the crypto market, showing their true feelings towards their favorite crypto assets. The fear and greed index examine five sources of information and execute it to its algorithmic system that gives out a human-understandable value.

The value sprouted by the system shows the actual attitudes of investors in the crypto market. The five sources of information that are used to feed the system are social media, volatility, market trend and market volume, dominance, and momentum.

At present, the fear and greed index chart for Ripple (XRP) shows the market is in a bit of fearful mode right now despite the market’s effort to rise above the current slump.

The overall market capitalization is still on the safe side hovering around the Fib382 level that acts as a support level.

Negativity Growing Among Ripple Traders and Investors

A gloomy atmosphere mixed with frustration is tangible among Ripple XRP followers. People are pointing at each other, rejecting Ripple’s positive strides that the crypto company is currently undertaking, resulting in total mayhem.

Yesterday, a renowned crypto analyst, Moon Overload, who goes by his Twitter name @MoonOverload took to their social media platform to express their dissatisfaction and distress towards Ripple’s XRP. Moon Overload tweeted on his Twitter page:

“Come on Ripple XRP. You pile of crap.”

Despite the negative market trend lately, the native Ripple cryptocurrency is expected to bounce back in the crypto market. Traders and investors should stay put.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Learning the Cryptocurrency Ropes

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In the modern world, cryptocurrency is one of the most exciting investment markets that people can get involved with. If you are looking for a potentially lucrative investment that is going to bring you the potential for a lot of money in the future, crypto is the way forward. A lot of people fear this industry because they don’t really understand it, but there is so much to love when it comes to the world of digital currencies.

Finding out as much as you can about crypto and how it works is so vital for the future. There are a lot of factors to consider here, and, if you are looking to invest in cryptocurrency, it is essential to learn a little more about the market. Here are some of the core things you need to learn when discovering what you can about cryptocurrency.

Bitcoin is King

The thing to remember about cryptocurrency is that Bitcoin is the most crucial crypto on the market. Basically, Bitcoin can determine the direction the rest of the market goes in, and this is important to remember. There are a lot of factors that you are going to need to keep in mind when assessing the cryptocurrency market, and it’s clear that Bitcoin remains an essential part of the process. You have a lot to think about when it comes to Bitcoin, and, by tracking its history, it is clear to see that this is a digital currency that’s going places in a big way.

Digital Wallets

If you are serious about investing in cryptocurrency, you are going to need to try to protect your assets as much as possible. Now, there are a lot of ways in which you can do this, and one of the key ones is to get a digital wallet. This will come with a strong passcode and phrase, and you can use it to secure your digital currency safely.

You can also transfer between wallets, as well as moving currencies from wallets to crypto exchanges, and vice versa. Choosing the right digital wallets is really important, and this is something you need to keep in mind right now.

Study Crypto

Studying cryptocurrency is an excellent way of better understanding it, and you might even find that you need to study some as part of your homework. If you are just starting, then one of the best approaches to take might be to use an easy to use homework helper to find people knowledgeable about crypto. This is important, and it will prepare you as much as possible for being able to find out as much as you can about the world of cryptocurrency.

There are a lot of things to consider when it comes to improving and boosting any investment potential you might have. When it comes to learning the ropes, cryptocurrency is definitely something you are going to need to think about. There are a lot of factors that play a part in this, and you should look to learn as much as you can so that you can make the right choices moving forward.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple Signs Up Second Most Significant Korean Bank Shinhan

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RippleNet, a global payment network, which is run by the crypto giant Ripple, has added yet another bank in Korea. Shinhan, the second-largest bank in Korea, is now a confirmed ripple client.

According to a presentation from Sagar Sarbhai at Ripple, Shinhan bank joins another 5th largest bank in Korea, Woori bank, in the growing list of Ripple’s banking partners.

In 2017, Shinhan ran a trial with Ripple but never confirmed of being onboard with the Ripple technologies. For instance, it was not apparent when institutions ran a test will they surely buy the idea and utilize it.

However, now it’s clear that Ripple has on-boarded the 2nd largest bank in Korea. It now means that the number of banks working with Ripple is growing exponentially without showing any signs of stopping.

https://twitter.com/XrpCenter/status/1176703195457961984

But the big question should be, why are significant banks partnering with Ripple?

Why Ripple is Winning the Banks

One thing has always been clear and consistent with the CEO of Ripple, Brad Garlinghouse. Brad has had a clear vision that Ripple will overtake Swift as a dominant banking infrastructure provider.

The fact that a plethora of banks has already accepted to utilize Ripple means only one thing; that they see a massive opportunity in its technology as well as its digital asset XRP.

So, what’s Ripple secret?

Ripple has xRapid solution, which helps the banks with liquidity while trying to send funds to the emerging markets. Basically, the ripple solutions allow cross-border transactions between banks in a cheaper and faster way than most systems can offer.

The solution is based on blockchain technology and has numerous products. For instance, xCurrent makes it quicker to check the information needed for making transactions.

Moreover, XRP token is continuously growing and is traded publicly on the cryptocurrency exchanges. With demand for the xRapid product increasing, theoretically, the need for XRP will rise with the large-scale transactions and could potentially affect the price.

Ripple is indeed making the right strides to becoming the best in the fintech industry. Recently, the company teamed up with National Bank of Fujairah (NBF) from the Gulf region. With over 200 banks already on board, Ripple and its token XRP are destined for greatness (as things stand).

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.