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XRP Price Could Be In for ‘Huge Pump’, Boasts Angel Investor

  • Yuri Molchan
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    After the long period of the XRP price tagging in the lows, an angel investor says that the coin may be in for a huge pump at last

XRP Price Could Be In for ‘Huge Pump’, Boasts Angel Investor
Cover image via news.u.today

For a long time already, XRP has been trading below $0.3. Many in the crypto community believe this is the result of regular XRP dumps which Ripple conducts from escrow.

Recently, the Ripple CEO Brad Garlinghouse explained this, saying that the unlocked XRP is being used for adding liquidity to the asset. Some have found that explanation unsatisfactory and an XRP fan named Crypto_Bitlord was even planning to conduct and XRP fork to put an end to this.

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Now, the XRP army may be in for some good news, as an angel investor @CryptoWelson has tweeted a screenshot of a chart, explaining that the coin’s price may be in for a huge pump if XRP can hold above the current support level.

Previously, U.Today reported that another crypto trader, @galaxyBTC, also predicted +30 percent to the XRP price soon, making the bulls intrigued.

 

What is your take on these bullish XRP price predictions? Feel free to talk to us in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    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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