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Rolling back only a week ago, when Bitcoin BTC was collapsing around $ 6,200, EthereumWorldNews covered a piece in which it was highlighted that even a chirpist believes that the downward trend has ended as the same decline of 85% of 266 days occurred in 2014.
The biggest drop in the altcoin marketplace was in 2014 -86% with a total duration of 266 days before a massive rebound.
Today we are down -85% in 252 days. # 2weeks pic.twitter.com/TD6bs1lM1c
– Galaxy (@galaxybtc) 11 September 2018
At the same time and the same thought is the well-known Michael Novogratz who has tweeted on his sentiment that Bitcoin hit the bottom reaching the $ 6,200 which marked the level when the big hoist began last year.
This is the BGCI chart … I think we put a low point yesterday. retouched the highs of the end of last year and the point of acceleration that led to the great rally / bubble … the markets love to go over the breakout … we have retraced the whole bubble. #callingabottom pic.twitter.com/EasTBYgjSj
– Michael Novogratz (@novogratz) 13 September 2018
With the latest coin performance it is safer to say than before that the uptrend could have taken over as daily double-digit earnings constants are taking over the top ten of the criptos leading to market capitalization.
Two that stand out strongly in this battle among the best are the first two – XRP and Stellar series competitors. Fast coins with a rapid increase in value. For now to write XRP has passed above the main $ 0.5000 against the US Dollar with 48.06% in the green, while the Stellar XLM follows at $ 0.2515 with an increase of 19.36% [19659003] The last time the XRP / USD pair was close or changed to $ 0.5200 was the end of June since the rigorous sell-out began
[19659003] Source: coinmarketcap
In addition, Weiss Ratings' recommendation to look for XRP and ADA in the near future for a 10-fold growth opportunity was spot on when the company had predicted its command on Twitter.
#Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, thanks to the possibility of offering more uses and be supported by technology #blockchain superior. We are completely agree – unlike #BTC which is a one-trick pony, the limitation of the application of ETH is the sky itself.
"I am very confident that in the next month or so you will see some good news getting to where we launch the product live in production." Sagar Sarbhai continued enthusiastically to talk about blockchain … [19659003] "A couple of years ago the narrative was good, cryptic bad blockchain.But I think what we are seeing now is that more and more regulators are taking over. entire space in a conjunction [sic] It is not possible to have runways built without airplanes … [T] hat narrative is fortunately changing and politicians are recognizing that there is a strong advantage that digital assets (cryptographic) bring. "
The XRP train does not seem to stop there. Near only the market capitalization of $ 2.0 billion is between this and the second in Ethereum to lose its position. If the XRP / USD pair continues its momentum and reaches the $ 0.58 level, it is very likely that Ethereum, which is self-confident, should go down the list.
See also:
Demonstrate the price of $ 589 XRP Prediction by the end of 2018
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