Cryptocurrency exchanges

Why Ripple Price Explodes To Over 100% In Seven Days

Why Ripple Price Explodes To Over 100% In Seven Days

Ripple has been able to gain a lot with its native cryptocurrency XRP in the last few days. The XRP price has not only risen by about 100% in the previous seven days but has also touched a fresh record high in daily trading volume. Thus, XRP overtakes Tether again and makes to third place by market capitalization.

XRP on the rise

The XRP price has not moved for a long time. In the meantime, not only the Bitcoin price has exploded, but also many Defi tokens.

The recent XRP price increase could mark a turnaround for Ripple’s native cryptocurrency. A possible reason for the substantial growth is the upcoming Spark Token Airdrop, supported by the Broker eToro. 

Also Ripple announced in its latest quarterly report that the company has launched a so-called “Buy-Back program” and is buying back XRP on the public market. This approach is also known in the traditional market and usually makes prices jump.

Nevertheless, caution is currently required. After such a sharp increase in a short period, a correction becomes more and more likely. Also, you should follow the Bitcoin Price. Because in the end, BTC can end the Altcoin Party. Possible correction could occur promptly.

This is how some analysts see it and draw attention to a possible correction. Well-known trader Michaël van de Poppe believes that XRP is likely to undergo a significant correction. 

But We can expect the XRP to reach the upper limit relatively soon and reverses this level of $ 0.50 as support. At the time of writing XRP price is around 0.67 $ and if we can turn  around ($0.50) as support, that would indicate that we will have a upward continuation and more upward price movement.

Ripple still holds over 55% of all XRP and regularly sells it to market, thus investing in new Startups. The company will continue to launch its XRP holdings on the market for decades to come, thus creating additional sales pressure.

$XRP managed to run towards $0.47-0.50 and reached a higher timeframe resistance zone.

What’s next? This video from trader @CryptoMichNL shows the levels to watch.

Full analysis can be found here:https://t.co/b4mbsKrV1d pic.twitter.com/t0mWhgSyNb

— Cointelegraph Markets (@CointelegraphMT) November 22, 2020

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  • Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.

    Source: thecryptobasic.com

    Author: Jakkk


    Bitcoin Whales Are Sending Their BTC to Coinbase, Warns CEO of Crypto Quant

    Bitcoin Whales Are Sending Their BTC to Coinbase, Warns CEO of Crypto Quant

    Crypto Quant chief executive Ki Young Ju is issuing a warning that big-time Bitcoin holders are moving their holdings to the crypto exchange Coinbase.

    The head of the blockchain intelligence platform says he believes the leading cryptocurrency may go through a period of correction as more whales deposit their BTC on Coinbase.

    “Too many BTC whales on Coinbase. I’m still long-term bullish, but we might face some corrections or sideways until whales become inactive on spot exchanges.

    Exchange Whale Ratio is the relative size of the top 10 inflows to total inflows. Historical data for Coinbase Whale Ratio. When whales are active(over 90%) on Coinbase, the BTC price will likely be going sideways or bearish.”

    While Ki Young Ju is short-term bearish on BTC, widely-followed blockchain analyst Willy Woo believes that the presence of whales in exchanges is no longer a reliable indicator of a market sell-off.

    “It used to be that peaks in destruction or dormancy would be a bad sign for the market as old coins have more experienced masters, thus smarter money; this would predict a price drop. These days not always, OG whales also sell bottoms. Smarter money has arrived.” 

    On-chain analyst Cole Garner appears to echo Woo’s sentiments as he reveals that the amount of BTC held in all crypto exchanges continues to decline.

    From nearly three million BTC earlier this year, the amount of Bitcoin stored in all exchanges has plummeted to 2.36 million BTC, indicating that holders are waiting for higher prices before selling their crypto assets.

    “Bitcoin exchange liquidity is melting down. Institutions aren’t prepared for scarcity like this.”

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    Source: dailyhodl.com


    BOTS Inc. Launches Crypto Bot Software for Crypto Exchanges.

    BOTS Inc. Launches Crypto Bot Software for Crypto Exchanges.

    Jacksonville, Florida, Nov. 24, 2020 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI) (The “Company”) an emerging innovator of products, technologies and services for the rapidly growing cyber-security, digital robotics automation and A.I. for the manufacturing industry, announced today that together with Bots Marketplace, LLC, have developed a cryptocurrency trading bot that is simple and intuitive for crypto beginners to setup and run.

    “The 24/7 opening hours of the crypto market has necessitated the use of trading automation for investors that are involved in trading cryptocurrencies. Understanding this, we created CryptoBOT to help investors automate, run and manage it anytime, anywhere.” – said Paul Rosenberg, CEO of BOTS, Inc.

    Using familiar or popular technical indicators such as the Bollinger Band or Relative Strength Index, CryptoBot will be constantly adding more technical indicators. Besides this, CryptoBot allows you to access trade history, individual performances, profit and loss from a top-level overview to a granular level of each bot or trade. You can also select trading pairs, direction, technical indicators to enter or exit and risk management settings in the bot to trade on a connected exchange such as Binance.

    For beginners, paper trade functions allow you to test bot trading using real-time data without risking actual cryptocurrencies. You’re able to backtest your strategies to get historical performances with key metrics and indicators that can help forecast future performance or shape expectations.

    “We are excited about the launch of CryptoBot. CryptoBot will give many of us who are time-starved the opportunity to trade the cryptomarkets via automated trading bots. Our CryptoBot was already tested on one of the biggest Crypto Exchanges and we are ready to bring our product to other exchanges around the globe. The Company is in the final stage of negotiations to acquire an interest in one of European Crypto Exchanges, where tools like CryptoBot will be used and help traders, at the same time generating substantial revenues for BOTS, Inc.”, concluded Paul Rosenberg, CEO of BOTS, Inc.

    About BOTS, Inc.

    Headquartered in San Juan, Puerto Rico, BOTS, Inc., a publicly-traded OTC Markets innovator trading under the symbol (BTZI) – is a diversified company developing and servicing blockchain and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology, Cyber Security, and Robotic Process Automation (RPA).

    What future awaits cryptocurrencies?
    GOODBAD

    Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.

    Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/

    Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz

    Find BTZI news at http://www.bots.bz

    Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.

    For more information, visit http://www.bots.bz

    Forward-Looking Statements

    Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s website and filings.

    Contact:

    Paul Rosenberg, CEO

    paul@bots.bz

    Bellevue, Washington, UNITED STATES

      https://www.bots.bz/

    Source: www.globenewswire.com

    Author: Bots, Inc.


    Simple steps to get started trading Bitcoin

    Simple steps to get started trading Bitcoin

    As Bitcoin (BTC) keeps gaining momentum, the fear of missing out on investing in the world’s largest cryptocurrency is growing each day.

    On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its all-time high price of $20,000.

    As some analysts believe that an upcoming $20,000 threshold is not the end but the start of Bitcoin’s upcoming explosion to a $1 trillion asset, it may still not be too late to get into Bitcoin.

    Bitcoin’s supply is capped at 21 million coins, but you don’t need to have thousands of dollars to own some. You can get started buying Bitcoin with as little as $15, getting about 0.0008 BTC in return, according to the BTC price at publishing time.

    Getting started investing in Bitcoin is not as difficult as you might think. Here are some simple tips to buy Bitcoin easily.

    The first step for buying Bitcoin easily is choosing the right crypto exchange.

    You might have heard of the world’s largest crypto exchanges like Binance and Coinbase, but there are about 400 crypto exchanges globally, according to major crypto data website CoinMarketCap.

    When choosing a digital asset exchange to buy Bitcoin, check whether the company is reputable and provides services to customers in your country. Using tools like CoinMarketCap or CoinGecko, also check trading volumes on a certain platform. Do some research, read some news and updates on a company’s website or Twitter to get more info like the platform’s transaction fees, deposit methods and security protocols.

    Once you’ve picked a crypto exchange, prepare to create an account and proceed with the required verification processes. Opening an account on most crypto exchanges like Binance is free, requiring just an email and a phone number.

    Some cryptocurrency exchanges like BitMEX and Coinbase require Know Your Customer checks for certain crypto operations, so you will want to have your passport or another form of official identification ready. 

    Use a strong password for your account on a crypto exchange and don’t forget to turn on two-factor authentication, or 2FA. Enabled 2FA reduces the risk of a security breach or a hack by putting an additional layer of security on your account. Google Authenticator is one of the most popular 2FA applications providing users with two-step verification on a phone.

    Source: crytonow.com


    Simple steps to get started trading Bitcoin

    Simple steps to get started trading Bitcoin

    As Bitcoin (BTC) keeps gaining momentum, the fear of missing out on investing in the world’s largest cryptocurrency is growing each day.

    On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its all-time high price of $20,000.

    As some analysts believe that an upcoming $20,000 threshold is not the end but the start of Bitcoin’s upcoming explosion to a $1 trillion asset, it may still not be too late to get into Bitcoin.

    Bitcoin’s supply is capped at 21 million coins, but you don’t need to have thousands of dollars to own some. You can get started buying Bitcoin with as little as $15, getting about 0.0008 BTC in return, according to the BTC price at publishing time.

    Getting started investing in Bitcoin is not as difficult as you might think. Here are some simple tips to buy Bitcoin easily.

    The first step for buying Bitcoin easily is choosing the right crypto exchange.

    You might have heard of the world’s largest crypto exchanges like Binance and Coinbase, but there are about 400 crypto exchanges globally, according to major crypto data website CoinMarketCap.

    When choosing a digital asset exchange to buy Bitcoin, check whether the company is reputable and provides services to customers in your country. Using tools like CoinMarketCap or CoinGecko, also check trading volumes on a certain platform. Do some research, read some news and updates on a company’s website or Twitter to get more info like the platform’s transaction fees, deposit methods and security protocols.

    Once you’ve picked a crypto exchange, prepare to create an account and proceed with the required verification processes. Opening an account on most crypto exchanges like Binance is free, requiring just an email and a phone number.

    Some cryptocurrency exchanges like BitMEX and Coinbase require Know Your Customer checks for certain crypto operations, so you will want to have your passport or another form of official identification ready. 

    Use a strong password for your account on a crypto exchange and don’t forget to turn on two-factor authentication, or 2FA. Enabled 2FA reduces the risk of a security breach or a hack by putting an additional layer of security on your account. Google Authenticator is one of the most popular 2FA applications providing users with two-step verification on a phone.

    Source: blog.total.exchange

    Author: by Total Exchange


    Why Ripple Price Explodes To Over 100% In Seven Days


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