Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than most traders would have predicted from its historic prices. Moreover, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted,
“BTC on the move again… Asian market certainly doing their bit today.”
This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
The other four performing coins
Opening Price: $6968
Closing Price: $8109
The weekly gains: 16.3%
Weekly High/Low: $8390/$6178
Binance [BNB] Coin
Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain.
BNB/USD 1-Day Chart on TradingView
Opening Price: $20
Closing Price: $29.5
The weekly gains: 47.6%
Weekly High/Low: $32.2/$19.9
Stellar [XLM]
Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC.
XLM/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $0.10
Closing Price: $0.14
The weekly gains: 40%
Weekly High/Low: $0.16/$0.117
Ethereum [ETH]
Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets.
Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run
ETH/USD 1-Day Chat on Coinbase (TradingView)
Opening Price: $188
Closing Price: $259
The weekly gains: 38%
Weekly High/Low: $281/$185
Tezos [XTZ]
Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform.
It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2.
XTZ/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $1.24
Closing Price: $1.77
The weekly gains: 43.4%
Weekly High/Low: $1.833/$1.23
XRP, Dash, IOTA, and Cosmos [ATOM]
The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains.
The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 19th May 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
Source: CoinGape

Bitcoin Cash, Ethereum, and other altcoins follow Bitcoin’s lead and pump by more than 6% in under 2 hours

Although the price of each cryptocurrency should matter on its own status and developments in its own ecosystem, it doesn’t. The price of altcoins is largely correlated to Bitcoin’s, which explains this pump in altcoins.
The second largest cryptocurrency, Ethereum, pumped by more than 7% in less than 2 hours, which was the same case for Bitcoin Cash. The price of Ethereum, at press time, was $249 and had a market cap of $26 billion.
Source: TradingView
Bitcoin Cash, the fourth largest cryptocurrency, pumped by 8% in under two hours. The price reached $385 and the market cap hit $6.7 billion.
Source: TradingView
The amount of Bitcoin Cash transferred in 24-hours was almost equivalent to its market cap, which is massive, and in simple terms, explains how Bitcoin Cash is better than Bitcoin in terms of scaling and transaction settling.
Other altcoins followed Bitcoin’s lead as they pumped; XRP, EOS, Litecoin, and Stellar Lumens surged by approximately 6% in less than 2 hours. However, Binance Coin didn’t react to the pump in Bitcoin’s prices.
The post Bitcoin Cash, Ethereum, and other altcoins follow Bitcoin’s lead and pump by more than 6% in under 2 hours appeared first on AMBCrypto.
Source: AMB Crypto

Bittrex transfers 6,999,999 XRP to Upbit amid Ripple’s alleged report discrepancies

Most coins in the cryptocurrency market have been undergoing a series of ups and downs, impacting the prices of the cryptocurrencies. However, XRP, the third largest cryptocurrency on CoinMarketCap was the only coin not undergoing any significant price change since the beginning of the year.
However, the crypto-world has been seeing numerous fund movement and these funds are large in number and two such transactions were noted on Whale Alert’s Twitter handle recently.
A sum of 6,999,999 XRP was transferred from Bittrex’s Exchange wallet address [rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy] to Upbit’s Exchange wallet address [rNzT5xopUaJK8L7mHbThUGKaHoct62dNBC].
According to the details of the transactions, the fund was moved on Saturday, May 18 at 09:25:22 UTC. Other details of the transaction are as given below:
Source: Whale alert
The Bittrex exchange had carried out another transaction on the same day, where it transferred 9,999,999 BTC worth $3,712,226 USD to Upbit. According to transaction details, this transaction took place before the aforementioned transaction on May 18 at 09:24:52 UTC. The details of the transaction are as given below:
Source: Whale Alert
This could be a mere transfer of token, however, the recent events with Ripple have raised some red flags within the community. According to a recent report from CoinMetrics, there were discrepancies in Ripple’s Q3 report of 2018 and Q1 report of 2019. The report stated:
“Two quarterly markets reports under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices).”
However, Ripple’s CTO David Schwartz  denied these claims and said:
“Regarding the chatter about reporting methodology around XRP escrow in @Ripple’s quarterly XRP Markets Reports: this is simply a timeline issue.”
The post Bittrex transfers 6,999,999 XRP to Upbit amid Ripple’s alleged report discrepancies appeared first on AMBCrypto.
Source: AMB Crypto

Ripple (XRP) Bulls Firm despite Coin Metric Report

Ripple (XRP) up 25.6 percent
Ripple Labs exposed by Coin Metrics as David Schwartz says it is a “timeline issue.”

Coin Metrics now reports that Ripple Labs did under-reported the number of XRP released from escrow by a total of 200 million XRP while implementing the “escrow queue” differently than announced. The reaction could be heaping pressure on XRP which is fast dropping, clawing back this week’s gains.
Ripple Price Analysis
Fundamentals
According to a Coin Metrics report, Ripple Labs is allegedly misrepresenting the actual amount of XRP in their escrow accounts.
In two different occasions, the blockchain analytics firm said the XRP issuer “under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices)” further adding “other party/parties, potentially associated with Ripple, have released 55 million XRP from an unknown escrow address not connected to the main Ripple escrow account.”
However, it was the revelation that “the “escrow queue” is implemented differently than announced, leading to a faster future release of escrowed funds compared to the announced schedule,” that is drawing criticism to Ripple Labs and Ripple Inc, the majority holders of XRP.
“A scam is a scam. Tokens made out of thin air are not true crypto in any shape or form. Just a nice way to print free money got to give it to ripple though. They have created a new central bank by selling their shitcoins to fools who keep buying it up thinking they gonna rich.”
In an attempt to pour cold water on the finding, David Schwartz, the CTO of Ripple Inc, took to Twitter saying “regarding the chatter about reporting methodology around XRP escrow in Ripple’s quarterly XRP Markets Reports: this is simply a timeline issue.”
Candlestick Arrangement

Like other crypto assets, Ripple (XRP) is under pressure. Even so, thanks to sharp upswings mid this week, the asset is up 25.6 percent in the last week. All the same, candlestick arrangement point to bulls but bears are temporarily in charge.
Note that although sellers are pressing lower, they are yet to reverse gains of May 14th, the breakout bar and the trigger of the first wave of higher highs targeting Q1 2019 highs. Therefore, it is imperative that buyers build enough momentum to drive prices above May 15th highs since bulls are in control from an effort versus result point of view—prices are oscillating within May 14th high low.
Once that prints out, then we shall trade in line with our previous XRP/USD trade plan with targets at 60 cents.
Technical Indicators
As aforementioned, May 14th bar is our anchor bar. Holding price action of the last two days, buyers are therefore in charge. However, it is after prices close above 40 cents complete with high transaction volumes, preferably above 108 million that risk-averse traders can buy on dips with targets at 60 cents.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
The post Ripple (XRP) Bulls Firm despite Coin Metric Report appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Crypto News – 18 May – Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more
Don’t forget to follow us for our daily videos#ripple #tron #OKEx #TRON #RIPPLEARMY pic.twitter.com/qmWcp9X2nG
— AMBCrypto (@CryptoAmb) 18 May 2019

Daily Crypto News – May 18
1) XRP-backed stablecoin: Kava Labs is developing a stablecoin, USDX, backed by XRP on a Cosmos Zone, which dynamically maintains stability to USD with decentralized mechanisms.
Read more at https://bit.ly/2HE7xAv
2) BitMEX insurance funds: While some panicked when Bitcoin crashed suddenly, others remained calm and assessed the situation. It was noticed that there was a huge sell order on Bitstamp, which pushed the price of Bitcoin by ~20% in a few minutes.
Read more at https://bit.ly/2VNgUaK
3) USDC do not exceed balance of US dollars: News revolving around the USD Coin [USDC] had taken a negative connotation when Coinbase CEO Brian Armstrong was called out for shilling the cryptocurrency. As a way to put any fears or speculations to bed, Grant Thornton LLP, an independent accounting firm released the latest attestation report on US dollar reserves backing USDC.
Read more at https://bit.ly/2Ej5dxM
4) SatoshiPay launches Solar Wallet: SatoshiPay has been working closely and designing micro-payment apps for the Stellar Network. Earlier this year, the micro-payment solution company launched ‘Solar wallet’, a stellar network-based and user-friendly desktop wallet. The Solar Wallet has proved to be user-friendly and easy-to-use and can securely manage funds.
Read more at https://bit.ly/2HrJ6HH
5) Blockstream CSO on Bitcoin: Samson Mow, Blockstream’s Chief Strategy Officer appeared in the latest Keiser Report discussion featuring Max Keiser. Talking about the satellite, Mow said that the purpose of Blockstream satellite was to provide redundancy for the Bitcoin [BTC] network.
Read more at https://bit.ly/2VvuQkY
6) HitBTC is insolvent, claim customers: According to a series of tweets by CryptoMedication, from Zerononcense, cryptocurrency analytics and research firm, the exchange is “insolvent”. The Twitter handler exclaimed his surprise that the exchange was “still in operation” as they had only 350,000 BTCs after their liquidation.
Read more at https://bit.ly/2JtlOTK
7) Weiss Ratings on Bitcoin’s price movement: Weiss Ratings, the crypto-specific rankings company, which, at times has rubbed the cryptocurrency industry the wrong way on predictions, suggested an absence of “manipulation” and termed the fiasco as a “normal market correction”.
Read more at https://bit.ly/2JrYtlE
The post Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more appeared first on AMBCrypto.
Source: AMB Crypto

XRPTipBot: Addition of more tokens to tipbot would confuse users, says Wietse Wind

The third largest cryptocurrency on CoinMarketCap, XRP had been stagnating since the beginning of the year. The coin was still valued at $0.3769, while there have been tremendous changes in the prices of most other major cryptocurrencies. However, major proponents from the XRP community are trying to bring in new technological developments and tools for the community to use.
The XRPtipbot, developed by Wietse Wind is one such tool that enables the XRP community to tip each other on various social media channels, including Twitter. However, since the crypto-enthusiasts can only send and receive XRP, a Twitter user @dakisan asked Wind:
“Hey @WietseWind!
If it’s possible to represent any token, or value, on the #xrp ledger, would it then be feasible to”
The user continued:
“1) refactor the tipbot to allow a sender to specify the currency Eg +0.0001 $btc @xrptipbot, and,
2) get a tweet/dm feedback to confirm success/failure?”
The developer informed that he had been asked this question several times and that the feature was not supported on Tipbot. However, Wind added:
“I was thinking about this feature for the V2 developments, but I think it will be way to confusing for users. I want to offer a simple, easy to use, easy to get started with service.”
Another Twitter user, @KevOnCrypro, questioned this idea by Wind as another user suggested the implementation of an ‘advanced user menu’. Wind reminded the user that the objective was not sending the crypto, but instead, receiving it. He added,
“Imagine receiving a tip for the first time, not knowing what the TipBot is, not knowing what XRP is, and then, to complicate matters, not knowing how it can be another token, etc.”
He further used the instance of tipping another person with ‘your own worthless BTC token’, which the recipient would consider as an original and of some value. He further used an analogy to explain the situation:
“And to make it even worse, a BTC token issued by let’s say @Gatehub Fifth may be worth an actual BTC, but you could also issue your own worthless BTC token and the recipient would think they actually received something of value, while it’s worthless.”
The post XRPTipBot: Addition of more tokens to tipbot would confuse users, says Wietse Wind appeared first on AMBCrypto.
Source: AMB Crypto

XRP Price Analysis: XRP/USD Price is Approaching a Potential Bounce Zone at $0.35

Coinspeaker
XRP Price Analysis: XRP/USD Price is Approaching a Potential Bounce Zone at $0.35
Increase in the Bears’ pressure will definitely decrease XRP price which may break the $0.35 level and target $0.32 level. In case, $0.35 level holds, the price may bounce and the trend may change to bullish.
XRP Price Analysis: XRP/USD Price is Approaching a Potential Bounce Zone at $0.35

Continue reading at Coinspeaker
Source: CoinSpeaker

World’s Largest Banks Investing $50M in Digital Cash Settlement System

Coinspeaker
World’s Largest Banks Investing $50M in Digital Cash Settlement System
Several major banks, including UBS, Banco Santander, HSBC Holdings and Deutsche Bank, are planning to build a blockchain-based settlement system by investing $50M into a joint entity called Fnality.
World’s Largest Banks Investing $50M in Digital Cash Settlement System

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit

Bitcoin was trading around the $8000 range since 13th May as the bullish momentum on Bitcoin peaked in the next couple of days. The yearly high recorded on Bitcoin [BTC] is $8390-$8410 on 14th May 2019. Nevertheless, like most times, this rise was also followed by a fall. Some traders were apprehensive of Bitcoin another move to $10,000; instead, it broke below $8000.
Bitcoin was trading around $7800-$8000 since yesterday. Bitcoin broke below this level rather hard, the 4-hour candlestick recorded a low of $6178, ove 20% decline. It soon made some recovery as traders rushed to buy the dip. The price of Bitcoin [BTC] at 4: 00 hours UTC on 17th May 2019 is $7348. It is trading 9.33% lower on a daily scale.
Furthermore, the candle-sticks also suggested that a ‘hanging man’ was followed by a huge bearish bottom.
BTC/USD 4-Hour Chart on Coinbase (TradingView)
The altcoins had risen for the past two days after Bitcoin broke away from $8000. The market dominance of Bitcoin of decreased considerably as most altcoins recorded yearly highs on 15-16th May 2019.
Also Read: Bitcoin Pizza Day – ’60 Minutes’ Magazine Interviews Man Who Spent 10000 Bitcoin for Pizza in 2010
Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH]
The losses on Litecoin [LTC] and Bitcoin Cash [BCH] were around 12% as all altcoin traders seem to be abandoning ship, booking profits from yesterday and due to the FUD (Fear, Uncertainty, and doubt) of a massive impending correction in Bitcoin prices.
Ethereum also broke below $250 as well. The price of Ether [ETH] at 4: 20 hours UTC on 17th May 2019 is $245. It is trading 6.44% lower on a daily scale.
ETH/USD 1-Day Chart on Coinbase (TradingView)
The losses in Tron [TRX], Cardano’s [ADA] and EOS were in double digits as well. TRX losses were highest amongst them at about 16.7%. Nevertheless, the losses on ADA and EOS were 13.5% and 9.3% respectively.
XRP broke Below $0.4; Other Altcoins Drop As Well
The cryptocurrency which initiated the altcoin run this week with massive gains above $0.32 touched $0.48 on 16th May 2019. However, it pulled back along with Bitcoin as price over 15% in the last few trading sessions.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Stellar [XLM] which was one of the biggest gainers yesterday recorded 13.45% losses at 4: 30 hours UTC on 17th May 2019. The price of XLM broke below $0.13.
The other altcoins apart from a very few plummeted to similar degrees. The average rate of decline in the cryptocurrency market was around 11.5%.
The dominance and total market capitalization of Bitcoin were around $130 billion and 56.2% at press time. The total market capitalization of cryptocurrencies which was above $260 billion yesterday, fell below $230 billion.
Do you think bearish momentum will take over now or traders will fill in to buy the dip? Please share your analysis with us. 
The post Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit appeared first on Coingape.
Source: CoinGape

XRP marks strong green candles against Bitcoin [BTC] for the first time in 2019

Mirroring previous upswings, Bitcoin’s [BTC] bullish rise isn’t looking to slow down anytime soon. Notably, some coins have failed to join the party. The most significant coin among them, XRP.
In 2019, the second largest altcoin in the market saw a slump against the price of Bitcoin, owing to the growing dominance and price push of the king coin.
For the first time in 2019, the XRP/BTC chart showed positive signs as the altcoin took the baton from the king coin to spearhead the latest market surge. As can be seen from the below chart, XRP took off on 14 May, following seven consecutive red-marred candles.
Owing to the announcement by Coinbase regarding XRP trading for New Yorkers, coinciding with the forever-bullish Consensus conference, XRP saw a massive +30 percent rise, even seeing a mammoth 6 percent hourly price gain on 15 May.
Source: Trading View
However, despite current trends showing positive returns for the Ripple-controlled virtual currency, its performance against Bitcoin is contrary to previous years.
As a recent report from Longhash pointed out, XRP has “lost nearly half of its bitcoin-denominated value,” in 2019 alone. Citing Trading View, the crypto-analytics firm stated that XRP rose by a whopping 1600 percent against the king coin in 2017, despite BTC nearing $20,000 later in the year.
The next two years were not so fruitful for the altcoin though. In 2018, the price of XRP, in terms of BTC, dropped by 14.5 percent and with just five months into 2019, XRP has already plummeted by 46.6 percent.
Since Coinbase reigned in the XRP bulls thanks to an overdue listing on the exchange, the XRP market has been fairly quiet. Longhash stated that since the Coinbase listing, the price of XRP against BTC has “plummeted.”
The Nasdaq XRP Liquid Index announcement in partnership with Brave New Coin is the only other standout announcement that has blessed XRP markets.
Longhash added,
“Additionally, investors may have finally realized that many of the banking partnerships announced by Ripple Labs weren’t related to the use of XRP or involved payments from Ripple to these institutions to incentivize them to try out the fintech company’s products.”
In 2017, the report concluded, the rush towards buying XRP over Bitcoin and other highly priced cryptocurrencies was because of “Unit Bias,” where investors were scared off due to the sheer price of Bitcoin, which at the time was in five-digits.
With XRP and XLM largely left out of the Bitcoin-induced bull run, bank coins are changing course and finally heading into the green, with both coins seeing over 9 percent daily gains. XRP’s turnover against Bitcoin is also down to the BTC bulls backing off over the past few hours. However, to get back to winning ways, consecutive green candlesticks will hold XRP in good stead.
The post XRP marks strong green candles against Bitcoin [BTC] for the first time in 2019 appeared first on AMBCrypto.
Source: AMB Crypto

Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH

Ripple (XRP) rally, add 44.2 percent
An Ethereum (ETH)—Ripple (XRP) flip could happen in days

After a six-month consolidation, the stage is ready for Ripple (XRP). Up 44.2 percent at the time of press, XRP is closing in on Ethereum (ETH) and could flip the asset if there is a ballpark 25 percent price increment. At this pace, bulls should set their targets at 80 cents and even $1.40.
Ripple Price Analysis
Fundamentals
Before May-14, Ripple (XRP) performance had been lackluster. Underperforming Bitcoin (BTC) and other top-10 liquid assets, observers said the XRP was decoupling to the delight of Brad Garlinghouse, the CEO of Ripple Inc. In his view, the final decoupling from Bitcoin would be mainly because of the “investor rationale.” That will be when investors would appreciate what each project brings to the table. While talking to CNBC, the crypto leader said:
“There’s a very high correlation between the price of XRP and the price of Bitcoin, but ultimately these are independent open-sourced technologies. It’s early, over time you’ll see a more rational market and behaviors that reflect that.”
He further adds that most crypto assets will “disappear” in a decade because the sphere “is still a nascent industry, the speculation in the market dominates the trading activity. I think it’s a matter of time until people better understand the different use cases.”
However, with CoinBase Pro decision to support XRP trading in the stringent, compliance demanding state of New York is a big boost for the asset. To some extent, it does clear XRP of the “security” tag, allowing for unbridled investment in the world’s third most liquid asset.
Candlestick Arrangement

 
At spot rates, XRP is trading above 40 cents with a market cap of $18,076million,up 44.2 percent in the last week and closing on the ETH gap. Besides the injection of buy pressure, what’s worth noting is that prices are now trading above two critical resistance levels at the back of high participation levels.
Because of this sharp spike, all our XRP/USD trade conditions are right. As a result, the best course of action is to fine-tune entries in smaller time frames with the first modest target at 60 cents and later 80 cents.
On the flip side, in case there is a correction, ideal buy zones will be anywhere between 35 cents and 40 cents in a retest trade.
Technical Indicators
Since Sep 2018 bulls are back—analysis from an effort versus result point of view, supportive of buyers as prices are still consolidating inside Sep 2018 high low. Anchoring our trade is May-14 wide-ranging, bull bar with 187 million against 35 million. In a trend continuation, we expect XRP to close higher with equally high volumes ideally above 100 million.
Chart courtesy of Trading View
The post Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run

XRP is one of the most popular cryptocurrency with a low price and seemingly high adoption with banks getting involved with it. It was the best performing altcoin in the bull run of 2017 with more than 15000% returns. Nevertheless, Ethereum has also been one of the favorite altcoin investments since its inception in 2014.
XRP Initiates Altcoin Run with Gains Over Bitcoin [BTC]
XRP added about $5 billion in the past two days as it gave Ethereum the run for the second position according to total market capitalization. The news of XRP based Exchange Traded Notes and ETPs not only promotes the trading of XRP but also clears a significantly big question on its classification as security of Ripple.
Also Read: XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It
Ripple Inc. is a US-based company that claims to be working on the XRP ledger to build a global network of payment and settlements. According to its CTO, David Schwartz, the current system executes payments in two steps: payment execution and then settlement with the banks, which is outdated and needs improvement. Moreover, on Ripple’s utility, he added,
Ripple is building the foundation of a “payment system” which connects the banks together. While xRapid with XRP will be used as a settlement layer on top of the system.
Ethereum 2.0 and DeFi Projects A Brighter Future for ETH
Moreover, Ethereum is one of the most popular names in cryptocurrencies as well. Due to its GPU mining history and early launch, it has become a household name in the crypto-sphere. A Twitter user, alias BTC_Macro reiterated this sentiment in a tweet,
“$ETH is like an index fund of altcoins.”
Currently, Ethereum is under development to release its new blockchain, Ethereum 2.0, which will incorporate all the existing functionalities of the blockchain on a more advanced and scalable chain. The update was recognized as a necessity, as during the bull run of 2017 serious questions rose on its capacity of executing smart contracts and transactions on a global scale.
The most important features to be implemented in the update are Proof of Stake (PoS) and sharding. Recently, Ethereum released the public test version of this chain which included staking. This is a huge shift from the inefficient Proof of Work (PoW) protocol. Nevertheless, the PoW has been responsible for the globalization and decentralization of the cryptocurrency.
Also Read: Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run
Furthermore, the final phase of Ethereum 2.0 is expected to be released in 2021. However, Ethereum is also making progress in its utility and adaptability with DApps and DeFi. Decentralized Finance is a new financial system that aims to provide a plethora of financial products on an interoperable platform. According to reports, over 2 million Ether [ETH] have already been staked to build the DeFi system.
Last but not least, a rise of about 0.1 dollars on XRP corresponds to an increase of about $5 billion, while a rise of $10 on  Ethereum corresponds to a rise of approximately $1.5 billion in its market capitalization. The market capitalization of Ripple and Ethereum is around $18 billion and $23 billion respectively on 15th May 2019.
Which cryptocurrency will lead the altcoin markets, XRP, Ethereum or some other cryptocurrency? Please share your views with us. 
The post Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run

Bitcoin [BTC] rose from $6000 to $8000 in less than a week. The gain on Bitcoin since the beginning of the month is 52.2%. Moreover, the sudden unprecedented rise made the altcoin traders wary of their investments as it continued to lose value to BTC. Altcoins traders which seemed to be losing value to Bitcoin maximalists are finally seeing green in their ledger.
Bitcoin’s rise cooled of near $8000 for the moment, the low and high from yesterday was $7621 and $8350 respectively. The price of BTC at 4: 00 hours UTC on 15th May 2019 is $8031.
XRP and XLM Continue Gaining on Consecutive Days
XRP seemed to begin the altcoin run as it gained more than 30% on Tuesday. It has continued to gain on the following day as well, as the price of XRP is trading 20.66% higher on a daily scale. The price of XRP at hours UTC on 15th May is $0.432.
XRP/USD 4-Hour Chart on Kraken (TradingView)
Stellar (XLM) which is closely related to ripple in terms of audience and vision rose with the ride as well. The price of Stellar is $0.119. It is trading 13.5% higher on a daily scale.
Ethereum, Bitcoin Cash [BCH], Litecoin [LTC]
Ethereum, the second largest cryptocurrency according to total market capitalization; it added another $2 billion to it in the past day. Moreover, Ethereum also rose w.r.t. Bitcoin [BTC] as it climbed back above 0.027 BTC.
ETH/BTC 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Litecoin [LTC] trading were trading at par on a daily scale. However, the rise in Bitcoin Cash [BCH] has been impressive almost equivalent to Bitcoin [BTC] as it gained almost 50% since the beginning of the month.
BCH/USD 1-Day Chart on Coinbase (TradingView)
The gain on Litecoin [LTC] has been in double digits as well. It broke above the $78 support and resistance, to trade in the $90 range.
Binance [BNB] Coin Breaks $25
Binance [BNB] coin broke above its previous all-time high as it traded above $25. The price which was looking towards the downside last week due to the hack at Binance Exchange has recovered to cement its 7th position w.r.t total market capitalization.
BNB/USD 1-Day Chart on TradingView
BNB seems to be getting resistance from the all-time high levels as it tries to break it for the third time in a month.
Tezos [XTZ], Cardano’s ADA and Tron [TRX] and IOTA Record Double-Digit Gains
Many altcoins traded in the green with double-digit gains on a daily scale. While all ‘good’ alt projects have been in the development phase in the past year, there was no specific reason for the rise of these altcoins except the bull run from Bitcoin [BTC].
Amongst the $1 billion MCap cryptocurrencies, Tezos [XTZ], Cardano’s ADA, Tron [TRX] and IOTA gained above or around 10%. ADA and TRX gained 11.6% and 10.7% on a daily scale. The price of ADA and TRX at 4: 00 hours UTC on 15th May 2019 is $0.085 and $0.0284 respectively. Furthermore, the gains on XTZ were more stupendous as its price broke above $1.6. It gained 17.4% on a daily scale.
The total market capitalization of the cryptocurrency market is closing in on $250 billion as it added about $4 billion in the past day. The dominance of Bitcoin [BTC] corrected from its yearly high of 60%, currently at 58.2%.
With the bull run in progression do you think we’ll reach 2017 highs soon or more accumulation is required? Please share your views with us.
The post Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run appeared first on Coingape.
Source: CoinGape

Ripple (XRP) Unshackled, At This Rate, 80 Cents Is Inevitable

Ripple (XRP) surge, up 36.1 percent
Börse Stuttgart lists Ripple and Litecoin ETNs

Volatility is back, and Ripple (XRP) bulls are in the driving seat. It may be because of Börse Stuttgart listing Ripple (XRP) and Litecoin (LTC) ETNs. However, what is evident is that behind today’s rally is interest thanks to a spike in participation levels. At this rate, it is likely that Ripple (XRP) will close above 40 cents as bulls aim at 80 cents.
Ripple Price Analysis
Fundamentals
After five months of consolidation, Ripple (XRP) bulls are back—and with force. Trailing Bitcoin (BTC), XRP is the second top performing asset in the top-10, adding a massive 36.1 percent in the last week. However, the increasing volatility is timely for traders because it appears that Bitcoin—and most assets, are slowing down after six weeks of enormous gains. Behind today’s price spike is first, XRP changing hands cheaply. While Bitcoin and ETH are up upwards of 70 percent, XRP has been stable, tepid and ranging within 4 cents.
Additionally, the listing of Ripple (XRP) ETNs at Börse Stuttgart, the second largest regulated exchange in Germany and the ninth largest in Europe is noteworthy. Here’s what Jürgen Dietrich, Head of Trading at the exchange said:
“Interest in cryptocurrencies is still high. With the ETNs, investors in Germany can now for the first time through exchange-traded securities share in the performance of the major cryptocurrencies Litecoin and Ripple (XRP).”
However, there is more. There is a likelihood that the increasing tension between the US and China could see Wall Street sink channel funds to Ripple (XRP). The IMF has lauded the platform. Besides, Ripple Inc says they have a direct connection with the Trump administration, and they keep striking deals with banks.
Candlestick Arrangements

Price wise, Ripple (XRP) is up 25.7 percent in 24 hours, and because of that, bulls are back.
Not only is there is wide-ranging bull bar confirming buyers of Apr-26, but prices are trading above 34 cents complete with above average volumes meaning our XRP/USD trade plans are valid.
In that case, every dip, or retest of 34 cents, is but another buying opportunity with ideal targets at 40 cents, 60 cents and 80 cents as per our iterations.
Technical Indicators
From the chart, all our trade conditions are now correct. With today’s bar driving prices above 34 cents, triggering the first lot of XRP bulls complete with high volumes exceeding averages, bulls are in control and should load up on dips with targets as above.
Chart courtesy of Trading View
The post Ripple (XRP) Unshackled, At This Rate, 80 Cents Is Inevitable appeared first on NewsBTC.
Source: New feedNewsBTC.com

XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It

XRP is making a move again, thrice during the same day, as it broke above $0.42 after 4 months. XRP gained more than 30% in a day. Bitcoin’s bull market has had a positive effect on all cryptocurrencies, however, the volatility of Ripple was limited until today.
The price of XRP at 15: 45 Hours UTC on 14th May 2019 is $0.4118 or 0.000051 BTC. It is trading 26.2% on a daily scale in USD.
XRP/USD 4-Hour Chart on Bitstamp (TradingView)
The positive price movement on Ripple can be attributed to the all-around good news for Ripple. Germany’s second largest Exchange released XRP-based ETNs on Monday 13th May.
Furthermore, Coinbase also made a major announcement. XRP trading was prohibited in the state of New York until now. However, Coinbase announced that it has been made available for New York residents on Coinbase.com. We can also expect Coinbase Custody to allow the same as well.
Coinbase XRP Announcement (Tweet)
Ripple’s efforts and the favorability of XRP with banks and other financial institutions, make XRP one of the most popular cryptocurrency. Moreover, XRP had been testing support levels near $0.3-0.31 for more than 3 months and the hodler’s were expecting a ‘trend reversal.’
The CEO of Binance also bantered with the Crypto-community on XRP, sharing a popular jinx that through a tweet about the on-going maintenance at Binance.
“think positively, whenever we do maintenance, #XRP pumps.”
Stellar [XLM] Gains 13.52%; Is it taking Cue from XRP?
In an abundance of cryptocurrency, one which shares history and utility with XRP is stellar. The duo is the only two positive cryptocurrencies w.r.t. Bitcoin [BTC] in the current markets. The rise on XRP and Stellar w.r.t. BTC is about 20% and 7.8% respectively on a daily scale.
XLM/USD 4-Hour Chart on Coinbase (TradingView)
The price of XLM with respect to Bitcoin broke above 0.00001440 BTC after retracing from 0.00001240 BTC. The price of Stellar at 15: 45 Hours UTC on 14th May 2019 is $0.114. It is trading 12.32% higher on a daily scale.
Do you think that the trend would reverse in XRP as it did in Bitcoin? Please share your views with us.  
The post XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It appeared first on Coingape.
Source: CoinGape