Bitcoin Could Hit $40,000 by end of 2020

Bitcoin believers waited for a global economic crisis for years, hoping it would prompt investors to inject hundreds of billions of dollars into the crypto-currency’s small, liquid market. But the narrative failed big time as bitcoin came face to face with a real market-crisis-in-making, led by the Corona-virus pandemic.

Fundamentally, its crash from $10,000 to $3,900 has wiped out weak hands. Investors with higher risk appetite are still holding onto their tokens or buying it cheaper, according to some analysis. It shows that around 40 percent of the crypto-currency has not left wallets in the past two years.

Another crypto data analytics firm drew a similar conclusion, highlighting that bitcoin’s price halving didn’t deter long-term investors from holding it. On the contrary, the plunge attracted them to buy bitcoin at cheaper rates.

So it appears, bitcoin is trending inside a giant  Symmetrical Triangle since late 2017, confirmed by a series of sequential troughs and peaks forming two trend-lines that converge at a roughly equal slope. The height of the Triangle is about $18,000.

Bitcoin is testing the Triangle Support lower trend-line for a pullback, which means it has the potential of bouncing back towards the Triangle Resistance upper trend-line. The price could keep consolidating within the Triangle range for the remainder of 2020, albeit staying below $6,000.

But a breakout above the Resistance could lead bitcoin up by at least $18,000 in the medium-term, according to my opinion. Such a move could push the crypto-currency beyond its all-time high of $40,000.

Please note that, I am a fan of crypto-currency and the above mentioned article is my own opinion only.

Bitcoin's 'Halving' is about to shake Crypto-currency markets

.Bitcoin’s “halving” Means; It will cut creation of the crypto-currency by 50 percent.

A cryptocurrency is any form of money that exists online and operates without a central bank. Bitcoin is one of several such currencies.

No one person or group is in control of this halving process. It is a rule written into bitcoin’s computer program.

The event is expected in May, 2020. It would cut by 50 percent the number of new bitcoins given to bitcoin miners. These miners create the world’s supply of crypto-currency by solving complex mathematical questions.

Bitcoin market players are predicting sharp price increases as well as sharp drops in the value of the crypto-currency. Such moves have happened in earlier halvings, which take place about every four years. The point of a halving is to keep down the number of bitcoins and control inflation.

Bitcoin’s future value is decided by technology and not, some say, by the rules of economics. The rules of economics say that if supply is cut and demand stays the same, prices rise. Since the cut in supply is expected, the price may slowly rise or fall before the cut is made.

Bitcoin miners receive a set number of bitcoin, currently 12.5. The next halving will take place in May, when the number will drop to 6.25.

The two past halvings took place in November 2012 and July 2016. In the one year periods that followed, bitcoin’s value rose close to 80 times in 2012 and four times in 2016.

Please note that, I am a fan of crypto-currency and the above mentioned article is for information purpose only for the crypto fan, who might get benefit from it

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Wirex Tokens in 13 June 2019

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Monday the release of the Wirex Token (WXT), its first native cryptocurrency, in an Initial Exchange Offering (IEO) on OKEx.

According to Wirex, the new token is designed to help users access unique rewards, save on fees and own their own share of Wirex. While sharing more details about the token, Pavel Matveev, Wirex CEO, stated:

“We believe that the nascent token economy will eventually replace conventional fiat currency as the dominant form of payment. The Wirex Token helps us integrate with the payment environment of the future and offer users a convenient, fast and cost-efficient way to move digital money across borders.”

Wirex is  holding an IEO (Initial Exchange Offering) for WXT on the 26th of June. A limited number of WXT tokens ($1m worth) will be released for sale through the OKEx Jumpstart programme. Previous IEOs have sold out within mere minutes; given the limited number of tokens for sale and the high demand for WXT, there’s a possibility that people could be disappointed.

Luckily, there’s no need to take that chance. To thank all verified Wirex customers exclusive early access to the Wirex token on a first-come-first-served basis. On the 13th of June 2019, a limited supply of WXT (2%) will be available to buy through Wirex at a start price of just $0.01 per token.

Giving users the best possible value.

The company added the funds raised through the IEO will enable it to accelerate its growth whilst bringing the company closer to its ultimate goal, which is to democratize access to fast, low-cost international remittance and empower retail and corporate customers to use their cryptocurrency in day-to-day life.

XRP to reach $589, Can XRP move this high

There are some crypto-currency analysts that have said that the price of XRP doesn’t have the potential to move above the $10 level even at its highest point. However, there are also those who are confident in the future of XRP irrespective of its current price. Crypto Bitlord, one of the prominent members of the crypto-currency community, predicted that the price of XRP will move as high as $589 sometime in the future. To support his argument, he said that Bit-coin was once worth $0 and is currently worth more than $5000. He also made reference to the fact that the price of BTC sold almost as high as $20000. So, in his opinion, if BTC could raise this high within less than 10 years, XRP can move from the $0.30 range to the $589 range.

XRP is no longer strongly related to the price of Bit-coin. While this is meant to be a good thing, it also makes the XRP price prediction 2019 difficult. You see if the price of XRP is no longer closely related to the price of Bit-coin, a surge in the price of XRP will not automatically lead to a surge in the price of BTC. Since XRP has been stuck in a descending trend line for a long time and has refused to move above the $0.30 level, some members of the crypto-currency community have started referring to XRP as a stable coin and not a crypto-currency.

The deadline marches ever closer. The UK is scheduled to leave the EU at 11pm local time on March 29 2019

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DECEMBER 21 — JANUARY 6 Parliamentary recess Mrs May is hoping to win some respite during the Christmas period from the uproar in parliament. The House of Commons is scheduled to take a two-week recess. But given the anger throughout the political parties at her decision to delay the “meaningful vote” on her deal, pressure on the prime minister may mount. MID-JANUARY House of Commons vote MPs were due to vote on Mrs May’s Brexit deal on December 11 but the prime minister cancelled the vote the day before, admitting that she faced a heavy defeat. Mrs May has now said the debate on her EU deal will restart on the week of January 7, with the vote scheduled for the week of January 14.

The vote is a legal obligation under the UK’s 2018 EU Withdrawal Act, which says it must take place “before the European Parliament decides whether it consents to the withdrawal agreement being concluded on behalf of the EU”. Whenever it takes place, the UK prime minister faces an uphill battle. More than 100 Conservative members of parliament denounced her original deal, as have the 10 MPs from the Democratic Unionist party who provide Mrs May with her majority, and nearly all Opposition MPs.

JANUARY 22 OR BEFORE?

No-confidence motion? If the deal falls, or even if it does not, the government could face a no-confidence motion backed by opposition parties. Labour leader Jeremy Corbyn has so far resisted pushing such a vote, in the belief that the government still has a slim majority due to the combination of its own MPs and the DUP. However, circumstances could change — a successful vote of no confidence in the Commons could ultimately lead to a general election.

FEBRUARY 11 OR BEFORE? Parliament takes back control? If Mrs May is defeated in a meaningful vote on her deal, the government will have to report back on its plans for next steps within 21 days, according to the EU Withdrawal Act. This may be the opportunity for parliament, in which the majority is against a hard Brexit, to take a greater role. Following a Commons defeat for the government in December, MPs will be able to assert their point of view by amending the new plans set out by the government — whether to come out against a no-deal Brexit, call for a second referendum or recommend Norway-style membership of the EU’s single market.

JANUARY-FEBRUARY Deal passed into UK law? If, by contrast, the Commons approves the Brexit deal in a meaningful vote, the government will put forward a new piece of legislation: the EU (Withdrawal Agreement) Bill. This would pass into law some of Brexit’s biggest issues, such as the agreement on citizens’ rights, the financial settlement and the details of the transition. It will be a hugely consequential piece of legislation. There may be many battles on individual details.

UNTIL MARCH 29 2019 EU ratification Before any Brexit deal can take effect, it must also be approved by the European Parliament in a plenary vote. Any legally questionable elements of the withdrawal treaty could also be referred to the ECJ by MEPs. EU member states must also give the deal final approval in a ministerial meeting. MARCH 29 2019 Brexit day There will be plenty of political declarations on this historic day. But whether there will be discernible changes to everyday life depends on the negotiations

Cryptocurrency News 20 December 2018

Personal prediction for Bitcoin, Bitcoin Cash, Ripple, Litecoin, Ethereum, EthereumClassic

From today to until 14^th January 2019, within this period time the price of the above mention coins will go up.

Bitcoin: Minimum  20,000.00 USD and Maximum 49,000.00 USD

Bitcoin Cash: Minimum 4,000.00 USD and Maximum 29,000.00 USD

Ripple: Minimum 5 USD and Maximum 8 USD

Litecoin: Minimum 450 USD and Maximum 1,100.00 USD

Ethereum: Minimum 900 USD and Maximum 3,500.00 USD

EthereumClassic: Minimum 39 USD and Maximum 139 USD

Ripple News Today 13 December 2018

Ripple price predictions 2018. XRP is one of the largest cryptocurrencies in the market.

With such a large market cap, many of the investors are trying to figure out whether XRP can rise more during this calendar year.

Today, we will give some light on XRP price predictions 2018.

Most of the cryptocurrency experts believe that not only, Ripple will be able to reach new peaks and but also create new highs as well. That is why many of the cryptocurrency experts believe that it will be a good investment opportunity. 

With the current market cap being as it is, the room for improvement is pretty high.

Ripple is consistently adding new clients. It is not just adding new clients but marquee name clients as well as banks all over the world. Moreover, many financial institutions are also using the Ripple protocol in order to transfer money from one part of the globe to another. This is the reason why Ripple is actually pretty undervalued currently. In the coming future, as it adds newer and newer clients to its structure, the Ripple will most probably be able to increase its market cap and value significantly.

Can XRP reach around $3 -5 by the end of the year?

Keeping all of these factors in mind, many of the cryptocurrency experts from different sources believe that XRP can triple its value or reach around $3-$5 by the end of the year. This will almost be a 10-time rise from the current levels. They say this is the reason why it is one of the best investment opportunities of this year.

Thus, if you’re looking to invest in a cryptocurrency which can get you significant returns with minimal risks, XRP may be the perfect option for you because of its current low price according to the experts. They say it will be a good idea to buy it at the current levels. This way most of the investors will be able to make a pretty good amount of earning if they were to hold it for a long period of time. Also, the management building the Ripple protocol seems to know what they’re doing which is an added advantage.