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Research: Bitcoin Could Shoot Up To $60k In Price And Over $1 Trillion Market Cap in 2020

A recent study by a crypto research firm is generating a lot of attention in regard to the future of Bitcoin. The firm, called Digital Asset Research, conducted a study and released a price outlook for Bitcoin. Scarcity According to this study, the rise in Bitcoin’s demand driven by its scarcity or diminishing supply is bound to push the price up by huge margins. Going on, the report claims that if this kind of price action happens, Bitcoin could go up to the highs of about $60k by May of 2020.  Coincidentally, May 2020 is just 9 months away and is the month when the Bitcoin network is expected to undergo a change-effecting block reward halving that will reduce Bitcoin’s supply rate by half. However, to achieve a $60k price tag, Bitcoin needs to hit over $1 trillion in total market cap. Digital Asset Research predicts that Bitcoin’s market cap will have reached upwards of $1.25 trillion by then.  History Has It By analyzing previous block reward halving cycles, the research firm found that Bitcoin’s price tends to start an upscale about a year and a half into the halving and that the subsequent price action tends to surpass the previous ATH. This effectively makes September 2021 the most expectant period for Bitcoin to reach a new ATH.  Litecoin Is A Different Case Many would have expected that Bitcoin’s price movement would resonate with others like Litecoin, given that LTC is also subject to block reward halving. However, the study found that this isn’t the case. For one, Litecoin just underwent its own block reward halving this August and yet no serious price action has manifested yet.  The difference between the two (Bitcoin and Litecoin) may stem from the fact that Litecoin’s supply is 4 times as much as Bitcoin’s, meaning that LTC may not cultivate a sharp increase in demand as fast as Bitcoin. The post Research: Bitcoin Could Shoot Up To $60k In Price And Over $1 Trillion Market Cap in 2020 appeared first on ZyCrypto.
ZyCrypto

Bitcoin’s correlation to gold continues to rise as market cap holds steady

Even with the ongoing fluctuation in the price of Bitcoin [BTC], a lot of investors are looking forward to investing in the king coin due to the growth in its market cap over the past few months. With coin movements growing more significant by the day, more and more traders are now getting into the […] The post Bitcoin’s correlation to gold continues to rise as market cap holds steady appeared first on AMBCrypto.
AMBCrypto

Poll: 83% Believe XRP Will be at 2-5 Trillion in Market Cap by 2025. Is The Projection Possible?

Bitcoin has been the top cryptocurrency since its creation. It has the largest market cap, the highest price value so far and is the most popular. However, not everyone sees Bitcoin as the leading cryptocurrency, neither do they see it as the one with the brightest future. This is revealed in a Twitter poll in which XRP and Bitcoin were compared. “Other” was also an option and the Twitter user, ‘Robert Rektford’ asked which of the three would have a market cap of 2-5 trillion by 2025. Out of a total of 1,456 respondents, 83% indicated they believe XRP will have that market cap by 2025. Only 13% voted for Bitcoin while 4% voted for other cryptocurrencies. A look At XRP’s Performance So Far XRP is currently the third-largest cryptocurrency by market cap. Its market cap is currently at just over $12 billion. Although a good number of the top ten cryptocurrencies are currently on the gaining side, XRP has lost over 3% in the last 24 hours while its top rivals Bitcoin and Ethereum have gained 2.98% and 2.24% respectively in the last 24 hours. This is just the current performance of the asset, but it was also reported as the worst performing among the top ten cryptocurrencies in the first half of 2019. At the end of June, XRP had appreciated a meager 12.45% from the opening price of $0.35 in January to the closing price of $0.39 in June. Bitcoin which had only 13% of respondents expecting it to hit a market cap of 2-5 trillion in 2025 gained nearly 190% within the same period. In fact, XRP’s performance was closest to TRX which gained 69%, over 5 times of its own. The huge optimism for XRP revealed by the poll only reveals that the cryptocurrency has a huge fan base that believes in its future regardless of what happens now. Is The Projection Possible? Some Twitter users commented on the poll, one of who was @garlinghousesn1. He said a market cap of 2-5 trillion will place the price of XRP at $40-$100 which he said is unrealistic. “This (2-5 trillion market cap) puts XRP ~$40 to $100. That’s likely too high,” he wrote. Also, that will mean a price gain of over 1000x in the next 6 years which will only be possible if XRP continues its price gain at the current pace over the next 6 years.  The market is quite unpredictable and things could get even better. But where will Bitcoin be if XRP actually hits 2-5 trillion in the market valuation? The post Poll: 83% Believe XRP Will be at 2-5 Trillion in Market Cap by 2025. Is The Projection Possible? appeared first on ZyCrypto.
ZyCrypto
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TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019

TriveAcademy, a player in building the blockchain technology infrastructure which also conducts training classes and consultation processes was awarded for the “Bloconomic Excellence Award – Best Blockchain Technology Developer Award” at the  Bloconomic Expo 2019. The Bloconomic Expo 2019 is organized by the Malaysian Blockchain Association and Alphacap Sdn. Bhd. As a sponsor partner for Bloconomic event, TriveAcademy has presented their latest technology and applications of Trivechain 2.0 to the public at the expo. Trivechain just launched TRVC App which all the speakers’ and volunteers’ certificates is been blockchain in their TRVC app. After a successful fork on April 22, 2019, the new version of Trivechain 2.0 has been successfully forked, deployed and is running steadily. Trivechain 2.0 has include major changes such as adjustments to their Proof-of-Work algorithm from X11 to X16R and Proof-of-Stake collateral from 1,000 TRVC to 10,000 TRVC. The mining hash rate and the number of masternode needs to catch up slowly and be supported by a new community. The hash power and number of masternodes is increasing gradually every day indicating a significant increase from the date it was forked. In an interview with Tan, he said that “Trivechain 2.0, as a blockchain platform, will create a highly compatible community to attract developers and entrepreneurs around the world to become part of the Trivechain community. This community along with a number of open source products will offer and create a more conducive ecosystem for developers. This allows the chain to provide the most favorable conditions for its users to develop its application.” Trivechain 2.0 is offering another alternative open source platform for developers to develop their new blockchain base business ventures. The platform is ready for deployment and for those who are interested to catch new mining trend. Come and join the Trivechain community! You are invited to apply for the development fund through the DAO governance system to build a friendly and efficient development ecosystem in the blockchain environment. Visit the official website at www.trivechain.com for more details. About Trivechain (TRVC): Trivechain (TRVC) is a games and entertainment public blockchain protocol managed by Decentralized autonomous organization (DAO) which focuses on games and entertainment to enter the new era digital age with implementation of blockchain-based technology and DApps (decentralized applications). Facebook: https://www.facebook.com/trivechainMedium: https://medium.com/trivechainTwitter: https://twitter.com/trivechain_trvcReddit: https://www.reddit.com/user/TRVC-2Telegram: t.me/trivechain The post TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019 appeared first on Bitcoin Garden.
Bitcoin Garden

Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average

The Big Winners From Yesterday Over the past day, the top performing coin out of the 133 coins we are tracking was Wanchain, which offered a day-over-day return 90.53%. Rounding out the top four currencies for the day were Civic, Aion, and Tael, which provided holders with returns of 27.02%, 26.53%, and 22.7% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex The Crypto Big Picture Overall, the average change in coin price for the coins we’re tracking was up 3.1253%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 34 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves Here’s a list of the specific coins that crossed their key moving average level: Status, district0x, Loopring, 0x, SingularDTV, SONM, IOTA, Verge, AirSwap, Request, Viberate, Power Ledger, Ripio Credit Network, Agrello, BlockMason Credit Protocol, Aeron, Genesis Vision, Po.et, Tierion, Tael, Time New Bank, Waves, OST, NavCoin, Lunyr, AppCoins, VIBE, Nucleus Vision, POA Network, Groestlcoin, Skycoin, Civic, Streamr DATAcoin, Dock. Also of note is that 66 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average appeared first on DecentralPost.
DecentralPost

Futures trading platform Digitex prepares for public testnet, announces release date

Digitex, a trading platform for crypto futures contracts, announced today that it will be launching its public testnet on Nov. 30, 2019. The exchange plans to open their market starting with BTC/USD perpetual swap contracts. According to the exchange website, contracts for additional coins will be added based on user demand. For market makers and takers, Digitex won’t charge for any transactions. The project plans to cover all operational costs by creating value/demand around the Digitex Futures (DGTX) token. It will do this by minting a small number of tokens each year. The exchange will launch as a centralized exchange first but will continue to work on providing users with non-custodial (decentralized) accounts. This will allow users to have 100% ownership of their funds at all times while still able to make real-time trades and lightning speed. You know that Adam has been busy behind the scenes preparing to launch the game-changing, robust & rapid-fire #DigitexFutures #Exchange. But, our marketing efforts have been ramping up too & we’re pleased to announce that our community is growing globally! https://t.co/O8Ll6n9ot4 — Digitex (@DigitexFutures) August 21, 2019 Trading On The Testnet SmartDec, the development firm working with Digitex, is developing and vigorously testing the platform, preparing it for production. On the testnet, the firm says the exchange will be able to handle over 10,000 users trading concurrently and up to 50,000 transactions per second. A date has not been set for the Digitex platform’s mainnet launch yet, but the project team has said that testnet trading is anticipated to last for two months. After the testnet stage wraps up, Digitex plans to launch on the Ethereum mainnet. At that time, users can trade futures contracts in real-time using DGTX tokens. 2019: The Year of Crypto Futures Trading As it stands, 2019 is shaping up to be an important year for emerging futures trading platforms in crypto. The launch of Bakkt, another highly-anticipated trading platform, is scheduled for Sept. 23, 2019. Bakkt has garnered a lot of media attention thanks to the establishment of major partnerships and its focus on support for institutional investors. Digitex is aiming to appeal to a broader range of users and traders. According to the Digitex homepage, the platform has over 1.54 million signups on its waitlist. The post Futures trading platform Digitex prepares for public testnet, announces release date appeared first on CryptoSlate.
Cryptoslate

Blockchain.com integrates BitPay into its wallet

Blockchain, a cryptocurrency wallet and trading platform, has partnered with cryptocurrency payments processor, BitPay. According to a blog post by Blockchain, the firm has integrated BitPay into the Blockchain Wallet so users "can pay for products and services from an extensive network of merchants without ever giving up control of your private keys."  Blockchain is one of the largest cryptocurrency wallet providers in the world with approximately 41 million users to date. The firm recently announced the launch of a cryptocurrency exchange focused with a focus on fast trade execution.
The Block Crypto
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