From a trio of predictions about the future of BTC to the new adoption in Ripple, here are some of the stories that are breaking in the world of cryptography.
As Bitcoin soars to more than $ 10,000, cryptography analyst Josh Rager says that a new BTC bullish race will likely take the leading cryptocurrency to more than $ 60,000. Rager also recently analyzed Bitcoin’s past market cycles say that if history repeats itself, BTC could end up at around $ 78,500 by 2022.
Meanwhile, a cryptographic network operator known as Redxbt told its 20,000 followers on Twitter that an analysis using the Wyckoff Market Cycle, which describes four cycles of growth and market decline, indicates that Bitcoin will jump 87% from here. If this happens, BTC would rise to around $ 18,000.
Meanwhile, Fundstrat analyst Tom Lee calls BTC is a unique asset that historically does not need to reach new highs to confirm a break. Lee says that the increase in Bitcoin above $ 10,000 will now trigger a generalized crypto FOMO (fear of getting lost).
“With Bitcoin, when it quotes at a price seen only 3% of its history, this has confirmed a new imminent maximum, this makes crypto different”.
Ethereum, EOS, Tron
The dollar value of the cryptocurrency that flows through the decentralized applications (DApps) in the Tron network remains ahead of EOS and Ethereum.
According to DappReview, the value of $ 13.7 million from Tron (TRX) was moved through DApps in the network in the last 24 hours, compared to the value of $ 12.3 million from EOS and the value of $ 7.2 million from Ethereum in their respective networks.
Ripple and XRP
Leapfrog Technologies, a company that develops digital software as a service (SaaS) products in a number of industries, including health and artificial intelligence, says it is forming a strategic partnership with Ripple.
The company says that the association is focused on the development of blockchain in Nepal.