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3 Most Wanted Price Predictions: What Will Happen To BTC, XRP, and ETH?
For over five days now, the crypto market has been experiencing massive losses, with prices of numerous coins reaching entirely new lows. Bitcoin itself is currently the lowest it has been in more than 13 months. With such a drastic change in prices, investors around the world are wondering what to expect, and whether the time of the top cryptos has finally come to an end.
In order to help them out, we have collected three most wanted price predictions, that claim to know what will happen to Bitcoin, XRP, and Ethereum in following days.
Bitcoin (BTC) price prediction
Bitcoin started dropping prior to BCH upgrade that resulted in a hard fork, and while BTC did see a brief period of stability over the weekend, the drop continued once more on Monday, November 19th. The price of the number one crypto is as low as it was in October 2017, currently being at $4,700, and continuing to drop.
While this is certainly not a positive development, experts claim that this situation is only the second phase of the sell-off that started last week. According to them, the market is currently much more mature than it was last year. Experts also predicted several downward milestones that BTC is expected to hit. It already reached the first one at around $4,929. The second one is at $4,450, and BTC seems to be approaching it rapidly. Eventually, analysts claim that Bitcoin will likely find a bottom at $3,676.
XRP price prediction
When it comes to XRP, formerly known as Ripple, the situation is much better. The coin has exceeded Ethereum during the first hours of the market crash, and it remained the second largest crypto ever since. Apart from that, while it still trades in the red, it is currently experiencing only slight drops, At the time of writing, its price is at $0.4863, with only around 0.51% drop in the last 24 hours. Bitcoin, on the other hand, is losing over 14%.
Generally speaking, not much has changed for XRP, and most of the changes, such as its movement on the list of largest coins, was positive. Furthermore, XRP received a significant money flow over the weekend, which is likely the reason for its superior performance.
Another thing to point out is that XRP technical structure is different than that of BTC or ETH. It is much more robust and likely bullish in nature. XRP’s current value is closely surrounded by three support price levels at $$0.478, $0.471, and $0.444, as well as by two remaining resistance levels at $0.505 and $0.55. For now, XRP remains just above its neutral level, with a possibility of dropping, rather than rising in the next several days.
Ethereum (ETH) price prediction
Ethereum is experiencing losses equivalent to those of Bitcoin. Its price is also dropping by around 14% at the time of writing, and it is currently as low as it was in May 2017, at $142 per coin. As stated earlier, losses in value and market cap have caused ETH to lose its position to XRP.
According to analysts, ETH will likely continue to drop for a while. Originally, three levels of support were predicted, with the first one being at $155, the second one at $125, and the third one at $100. Clearly, ETH has already reached the first one, and it dropped below quite quickly. Experts expect that the second price level will be able to hold it and prevent the further drop, although whether this will actually happen remains to be seen.
Once the upward trend starts anew, three resistance levels are predicted as well, at $170, $180.30, and $190 per coin. For the most part, ETH has been in a free fall for a while now, and while there is a chance that it will turn things around, it remains a small one.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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