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"Trade of the Year" for Ripple's XRP Predicted by Cryptocurrency Analyst

  • Alex Dovbnya
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    Famed crypto trader continues to hype up the XRP community, which is eagerly anticipating another major price move

"Trade of the Year" for Ripple's XRP Predicted by Cryptocurrency Analyst
Cover image via news.u.today

Cryptocurrency trader 'Galaxy' continues to push the narrative that the XRP price will explode ahead of Ripple's annual event, which is known as Swell. 

He forecasts that this is going to be "the trade of the year" for all XRP traders. Hence, he advises his followers to long the third biggest currency two weeks before the event that is expected to take place on Nov. 7-8.     

Notably, the much-anticipated conference made the XRP price "swell" by nearly 220 percent in 2018.   

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As reported by U.Today, former US President Bill Clinton was a keynote speaker at last year's Swell event where he took a stand against overregulating the nascent industry. 

XRP is currently trading at $0.277 after a 1.68 percent uptick over the last 24 hours, CoinStats data shows. Earlier, "Galaxy" predicted that XRP could experience exponential growth after printing a bullish MACD crossover on its weekly chart.   

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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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