Yesterday, I wrote that Ripple appeared to be stuck around the $0.20 handle and that something extraordinary could help it break free. Well, that event is almost here: SWELL.
SWELL is Ripple’s first annual conference, and though it probably won’t make the front page of The New York Times, it’s definitely front-page Ripple news. It is, for example, a much-debated topic on XRPchat.com, the main place to source Ripple trading.
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Ripple Price Forecast: XRP Rallies 2.5% on SWELL Conference Hopes
The entire cryptocurrency market took a dive around 9:00 am (UTC), with Bitcoin leading the downward move. However, LTC prices managed to rebound faster and more sharply than most, adding critical support to the beleaguered currency and our Litecoin price forecast.
Just one day after we heard reports of Goldman Sachs Group Inc (NYSE: GS) getting into Bitcoin services, the company’s CEO, Lloyd Blankfein, took to Twitter to clear the air.
In the last week, XRP prices have crossed the $0.20 handle 12 different times. Half on the way up, half on the way down. Did Ripple news really fluctuate that much day to day? Of course not.
Bitcoin’s share of the overall cryptocurrency market rose again on Monday, getting ever closer to the dangerous halfway mark.
Although BTC slipped 3.74% on Monday, there is more than enough Bitcoin news to reenergize the price.
Bitcoin Price Forecast
Like its neighbor across the Yellow Sea, South Korea is banning a blockchain-based funding method known as "initial coin offering," or ICO. Since the vast majority of ICOs take place on Ethereum, this qualifies as pretty terrible Ethereum news.
Bitcoin has found itself once again in the sights of a country eager to legislate it away, at least for the foreseeable future. Could this news affect the Bitcoin price prediction?
As predicted, Bitcoin (BTC) has only continued to climb since getting past that pesky $4,000 threshold. While the coin has been in this territory before, the major event that waylaid the cryptocurrency's progress was that unexpected Chinese ICO block.
“With great certainty comes great reward”—I can’t remember where I first heard that phrase, but it basically sums up our Litecoin news for the day.