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Ripple's XRP Price Rises While Bitcoin (BTC), Ethereum (ETH), and Other Top Coins Remain in the Red

  • Alex Dovbnya
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    Ripple's XRP suddenly spikes five percent while Bitcoin slips below the psychologically important $8,000 level

Ripple's XRP Price Rises While Bitcoin (BTC), Ethereum (ETH), and Other Top Coins Remain in the Red
Cover image via www.123rf.com

The XRP community is having its field day after the price of Ripple's native token surged by about five percent, leaving other coins behind. At press time, XRP is changing hands at $0.264 after briefly surging to $0.269. 

XRP remains the only green coin in the sea of red
Image by coinstats.app

Su Zhu, the CEO of Singapore-based hedge fund Three Arrows Capital, says that the third biggest cryptocurrency currently represents the biggest bull case for Bitcoin, which has been struggling to get back on its feet after a gargantuan price drop that took place on Sept. 25. 

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Ripple’s XRP to Be Accepted by Thousands of Businesses Because of BitPay Partnership

As reported by U.Today, XRP has a strong momentum after its MACD indicator turned bullish. Historically, the token's price would surge at least 170 percent every time it happened.  

Even relentless XRP hater Peter Brandt recently had a change of heart about Ripple's native token. The trading veteran suggested that XRP was bottoming against BTC.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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