Crypto industries are gradually seeing a strong and recovering drive. The overall crypto market hit an all-time high above $660 billion.
Bitcoin (BTC):
The world’s largest cryptocurrency, Bitcoin (BTC) price eventually surpassing the mark of $7000 on earlier Tuesday. However, it was over a narrow level stuck below the mark of $6800. At the press time, the bitcoin was trading at the level of $7,073.14.
The hurdles that resulted a low in a bitcoin price while the market was again hitted by the SEC’s decision to reject several ETF proposals in the previous week. However, it was indicating that the bearish market pressure was reaching exhaustion.
Even though the bitcoin value has been crashing lately, most of analysts have been predicting high on bitcoin in 2018.
Definitely, Bitcoin is headed up says Bitcoin supporter and founder of McAfee antivirus software, John McAfee. He believes that Bitcoin price will reach $1 million mark by 2020 and following his previous prediction which was well reached $7000.
https://twitter.com/officialmcafee/status/935900326007328768
Wall Street hedge fund firm Fundstrat’s CEO Tom Lee has regularly predicted bitcoin to exceed expectations in 2018, with prices rushing past $25,000.
Although, Crypto traders saw a small rise in price today, with bitcoin leading the charge back into positive results.
Ripple (XRP):
The third largest cryptocurrency, Ripple (XRP) is now seems like struggling to cash in on the latest cryptocurrency rally. At the press time, the cryptocurrency was trading at $0.348902 USD with overall market cap of $ $13,822,888,656 USD.
Although, the overall positive momentum across all major cryptocurrencies, Ripple reached $0.3579 on late Tuesday. Currently, most of the ripple holders believe that soon SEC might classify token as a security that would make difficulty for unregulated exchanges to list XRP.
Predictions:
According to John McAfee, investing in Ripple can be a good start. XRP has been in the industry since 2012, encouraging speeds for international transactions at lower cost. It works directly with bank and has experienced good innovation.
Anatoly Castella, the CEO of Elpis Investments said;
“Ripple resembles a Fintech platform uniting the best elements of fiat money and blockchain cryptocurrency. “It should be considered ‘Digital Fiat’, not a cryptocurrency”.
Though, Ripple resistance is slow but there is a progressive increase in its price graph
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