Up 15.1%, Ripple (XRP) Likely To Emulate BTC’s Performance

Ripple (XRP) up 15.1 percent Widespread use of xRapid is the only insurance for XRP investors Armed with solutions that speed up processes, Ripple may replace SWIFT. Use of xRapid draws demand. For XRP investors, widespread adoption is the only route for better prices. Expectedly, demand for XRP will fuel the next wave, propelling prices out of this 10 cents range towards 60 cents or higher. Fundamentals There is hype around Libra and Facebook’s Libra. Supporters argue that Ripple will  weather through Libra disruption and cement its position as a…

Bitcoin Bulls Relentless, BTC Soar Past $11,000 In A Reminder of Q4 2017

Bitcoin (BTC) prints new 2019 highs Eventually, blockchain based platforms will replace legacy bank-based systems Overly, there is a changing view of what Bitcoin is. The entry of Facebook could open doors for Wall Street corporations. Because of this possibility, Steven Eliscu of DMG Blockchain now says blockchain systems will eventually “supplant legacy bank-based systems.” Meanwhile, BTC prices are trading above $10,500 and 27 percent higher from last week’s close. Bitcoin Price Analysis Fundamentals Trading above $11,000, BTC rally is parabolic. It is a continuation of a streak that began…

Bitcoin Rise May Appeal to Investors amidst Intensifying Geopolitical Risks

The bitcoin price has soared this week on the prospects of Fed rate cut, the Facebook coin, and uncertainty due to the US-China trade war. The world’s leading cryptocurrency rallied on Saturday, with its price flying past the $10,000 level for the first time since March 8 last year. Investors allegedly bid up bitcoin in expectations of more US dollar flowing into the markets. On Wednesday, Jerome Powell, the chairman of Federal Reserve, indicated that the US central bank would cut interest rates next month, prompting investors to take their money out…

Monero (XMR) Surges 25.3% As Developers Crackdown On ASIC Miners

Monero (XMR) spikes 25.3 percent RandomX under audit In Monero, decentralization is vital. As a result, the next enhancement of its mining algorithm, via RandomX, is a step in the right direction. Eventually, the hash rate will pick up as more ordinary miners flow back. In turn, their participation will fortify the network, instilling confidence, and XMR could surge higher in response. Monero Price Analysis Fundamentals Given the threats of Application Specific Integrated circuits (ASICs) in a network, creators of Monero are not taking this lying. The founder of Monero…

How Significant Is Walmart and IBM’s New Collaboration?

Walmart is no stranger to distributed ledger technology (DLT). Back in October 2016, the multinational food retailer began collaborating with IBM on a blockchain-based system that could identify and flag recalled foods. Since then, it has dived into a number of patents and trials — e.g., tracking meat in China, tracking delivery drones, patenting smart deliveries and tracking live food in the United States. And in addition to several other U.S. patents and global initiatives, Walmart has recently announced its latest foray into applying blockchain technology. This is its collaboration with the Food and Drug Administration, which —…

Bitcoin Price (BTC) Jumps 10%: Road To $12K Now Wide Open

Bitcoin price rallied recently above the key $10,000 resistance area against the US Dollar. The price is currently trading well above the $10,600 level and it could continue to climb in the near term. There is a key bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to rally further above the $11,000 mark to register a solid uptrend. Bitcoin price gained more than 10% in the past 24 hours and broke $10K against the…