Bitcoin / crypto market cap up or down? And Ripple's shadiness
Since the 2nd of September, after the cryptocurrency market cap has reached an all time high, the mark is going down and up, but more often in a downwards trend. Will this downtrend continue? Or do you expect that it will be going up again to new heights any time soon?
Ripple tries to cancel a purchasing order, worth over $1 Billion at XRP's current price, that had been signed with R3. R3 decides to take Ripple to the court
Than some other news related to Bitcoin and cryptocurrencies across the world from the US to Korea.
And last, but not least. Filecoin closes it's ICO with $254 Million :o
00:23 Market cap forecast until end of September / 1 week of October
03:15 Ripple tries to set up R3
04:15 Adoption news
06:25 Filecoin ICO funds raised
Nice to meet you, @dafamousdj!
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Thanks nice to meet you to :)! upvoted
So nice my dutch mate :D You are really funny and you have good content. You take that Edutainment thing to its fullest! Keep on going. Resteemed upvoted :)
Thanks @chrissonomics! upvoted back :)
Hi @dafamousdj I like your positive approach to crypto market updates, great work, keep it up!
Is is just interesting to clarify about your prediction of market cap $115B. As you probably based your prediction on some calculations, I have the following question. How do you think which group will lose more % of its current cap: TOP-3 established cryptos (Bitcoin, Ethereum, Litecoin) or the rest of cryptocurrencies? And thus will the coming weeks be a good time to buy smaller altcoins using Bitcoin (it is more or less safe to assume Bitcoin should stay the strongest of those three established cryptos during this downward trend)?
@w-w-w thank you very much! Sorry for my late reply I wasn't in the opportunity yet to respond back. If you look at the RSI at the time I made the prediction Bitcoin was just over bought and based on the previous drop I just had a got feeling that 115B +/- 10% would be the range to drop. With regards to your question on the rest of the cryptocurrencies, I think the market has answered that one :)
Yes, you are right. The only thing I am not really sure why Litecoin was decreasing on such a high rate. I thought it was kind of established cryptocurrency, but for some reason Bitcoin/Litecoin rate was so low yesterday. Some smaller cryptos were staying stronger than Litecoin, strange. The only reason I see is that Chinese (very addicted to Litecoin before) were actively selling it yesterday.
Anyway, after all the events yesterday I need to admin, your prediction about market cap was really good.