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TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Is Heading to $10,500, Leaving Altcoins Aside

  • Denys Serhiichuk
    📰 News

    Bitcoin gives no chance for altcoins to grow. Can Ethereum and XRP keep up with BTC?

TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Is Heading to $10,500, Leaving Altcoins Aside
Cover image via news.u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

If a few days ago, most of the coins were rising in correlation to BTC, the situation has changed today. The dominance rate of Bitcoin keeps increasing, making up 70.3% of the total market share. The rates of all top 10 cryptocurrencies are going down against BTC, only a few of them are showing growth in correlation to the US Dollar.

 Top 10 coins by CoinMarketCap

Let’s take a look at the key indicators of Bitcoin, Ethereum, and XRP.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$186 288 134 663

$10 388,22

$15 240 611 338

2,24%

Ethereum

ETH

$19 467 058 092

$180,72

$5 732 660 453

1,12%

Ripple

XRP

$10 972 269 282

$0,255024

$956 205 377

-0,33%

BTC/USD 

The rate of Bitcoin came back to $10,000 according to our recent prediction, however, bulls managed to recover it fast. Recently, Tether announced the launch of binding to the Chinese yuan which has already affected the price of BTC. The rate of the main cryptocurrency has started to grow, followed by a way out of the long consolidation period.

BTC/USD chart by tradingview

On the 1D chart, moving averages are indicating the upward trend as well as the presence of bulls on the market, that are keeping the price of the cryptocurrency within the Triangle model. In any case, the formation of such a model implies uncertainty until quotes go beyond the limits of the pattern. However, while prices are pushing from the lower border, it makes sense to talk only about an upward movement. The confirmation will be a breakdown of the nearest resistance level and fixing quotes above $11,000.

Bitcoin is trading at $10,365 at press time.

ETH/USD 

The chief altcoin has pushed off the resistance level and a decline to the level of $145 remains relevant. The moving averages have already crossed each other, indicating a resumption of the bearish momentum.

ETH/USD chart by tradingview

A quick test of the resistance line on the Stochastic Oscillator indicator is an additional signal in favor of a short-term fall to the target level. One should expect the completion of the downward movement and the beginning of the upward trend near the level of $145. The purpose of this movement is the mark of $270.

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Ethereum (ETH) Price Prediction — Can ETH Get Back to $200 Until September 2019?

Ethereum is trading at $180.33 at press time.

XRP/USD

Our previous XRP forecast came true and the rate rolled back to the previous level at $0.2550. The decrease to the lower border stopped near the point of $0.251, and buyers tried to restore the XRP price at decreasing volumes to the area of average prices. 

XRP/USD chart by tradingview

If the resistance of the four-hour EMA55 cannot be overcome, the rollback to the lower end of the range will continue.

XRP is trading at $0.2560 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
    📰 News

    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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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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