Whether Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP): The crypto market is rushing from record high to record high. Yesterday, Thursday, the BTC price cracked the $ 22,000 mark, increasing by around 20% in one day. At the same time, Bitcoin Bank attacked the USD 0.60 mark with a price growth of over 25%. Can the XRP price continue to rise and how does it look for Ripple?

Ripple (XRP) is one of the 24h winners

Anyone who has been investing in crypto currencies for a long time will have been pleased when looking at the courses in the past few days.

The following screenshot from Coinmarketcap shows a record high. Bitcoin has never been above the $ 23,000 mark. But XRP was also able to make up some room for improvement in the last 24 hours.

After the price slump that came about as a result of the Spark Token Airdrop, Ripple is one of the top winners of the past 24 hours.

The XRP price bounced off the support line of 0.45 US dollars and rushed towards the 0.60 USD.

In particular, the line’s hold at $ 0.45 was (and is) important to XRP’s near-term outlook.

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Another upward breakout possible?

In particular, those holding Ripple (XRP) are wondering if another outbreak is possible.

For this we look at the opinion of the crypto analyst MagicPoopCannon.

This expects a strong performance from XRP provided that the overall market maintains its momentum.

We can quote his opinion on Twitter as follows:

XRP is the only top 10 cryptocurrency with a negative performance in the last 7 days.

While this sounds negative at first, we saw a very healthy retrace to $ 0.558 after the strong rally to $ 0.90.

Ripple could continue to explode if the overall market continues to rise.

Now one must first of all note that the statement has a very strong “if-condition”.

MagicPoopCannon said explicitly that the prerequisite for a rising market must be given.

An increase in an asset with an increase in the overall market should be „natural“. In other words: Anyone who buys a cryptocurrency or other asset that does not rise when the overall market rises has probably made a bad choice.

Rather, the decisive question is whether a single currency like Ripple (XRP) can outperform the overall market. If this is the case, the investor has again made a good choice, because he managed to outperform the market, which is considered the benchmark.

It is therefore likely that investors can expect a further rise in Ripple’s price if the workhorse Bitcoin maintains its momentum.

Minister says economic recovery has surprised economists

Economy Minister Paulo Guedes said today (23) that initially the government worked to reduce spending and in the next two years will continue with a reform and privatisation agenda: „We dedicated this first year, one and a half, to attacking the government’s big spending, we played defense. In the next two years, we go into attack. We are going to privatize, to open, to simplify, to reform taxes, to reindustrialize over cheap energy,“ said the minister, as he participated in the 3rd Meeting O Brasil Quer Mais, a virtual event organized by the International Chamber of Commerce Brazil (ICC).

According to Guedes, the three biggest expenditures that the government managed to control were for Social Security, interest on public debt and salaries for employees. The minister explained that the „privileges“ on pensions were overcome through the reform of the social security system, there was a reduction in interest rates on public debt and a freeze on salaries for employees.

He also cited the administrative reform sent by the government to the National Congress. „The most difficult was the control of spending that has been implemented for some time. Now the final movement is missing: a federative pact, unindexing, untied, unobliging expenditures, curbing those expenditures and handing over public budgets to the political class,“ he said.

The economy minister also said that the economic team’s agenda included opening the Brazilian economy to international trade, through trade agreements, and approving reforms.

He said he hoped to move forward with reforms where there is political consensus for approval after the municipal elections.

„I think that between now and the end of the year we will approve a common agenda where there is agreement in the Chamber, in the Senate and in the Executive Power,“ he said. According to the minister, „good candidates“ for approval are projects such as the Bankruptcy Law, the regulatory framework for natural gas and cabotage, the Proposed Amendment to the Bitcoin Fortune, with measures to control spending, and the independence of the Central Bank.

According to Guedes, tax reform and privatizations have not advanced, but the government will take this agenda forward. „I think we are very close to tax reform. The reason it hasn’t come out yet is that politics gives the timing [right time],“ he stressed.

Economic Recovery

Earlier, at another virtual event, Guedes reaffirmed that the „Brazilian economy is coming back with strength“. He cited that the resumption surprised international organizations and Brazilian economists.

„Those are the facts we have. There are many narratives. But against the facts, the false narratives dissolve. The fact today is that all regions of Brazil are creating jobs, all sectors are creating jobs. The Brazilian economy has returned in V [fast recovery after the fall] as we expected to the surprise of international organizations,“ he said at the virtual seminar Vision of Sanitation – Brazil and Rio de Janeiro, promoted by the Federation of Industries of the State of Rio de Janeiro (Firjan).

He noted that at the beginning of the covid-19 pandemic, economists predicted the Brazilian economy would fall by more than 10% and recover slowly. „It is important to recover these false accounts and put the facts into perspective,“ he said. He cited employment growth, increased exports of agricultural and agro-industrial products, a resumption of construction and expansion of credit and consumption.

Pandemic

The minister reaffirmed that covid-19 contaminations are diminishing, but there may be a „backlash“. „The disease has gone down, it’s a fact. And now it looks like there’s a rebound, but let’s watch. It’s cycles,“ he said.

According to the minister, when contaminations from the new coronavirus decreased, „people came out more, interacted more, got a little careless. „It may have come back a little. We’re going into the summer, let’s watch a little bit instead of already starting to decree that the disease is there [in a second wave],“ he said.

Tracy Jiang rivela dentro Guarda lo stato di Bitcoin e Crypto in Cina

L’ambasciatore del cliente in Cina per il servizio di ricarica Bitcoin mobile Bitrefill sta dando lo scoop interno sull’adozione del Bitcoin e della crittovaluta da parte della Cina.

In un’intervista con Ricardo Martínez di Bitrefill, Tracy Jiang dice che mentre di solito non riescono a spiegare cosa sia esattamente il Bitcoin, molti cinesi che vivono nei centri urbani hanno già sentito Bitcoin Profit parlare della più grande crittovaluta.

„Direi che per le persone che vivono in città e con un buon livello di istruzione, la maggior parte di loro ha sentito parlare del Bitcoin… Se chiedi loro: ‚Che cos’è il Bitcoin?‘ molto, molto poche persone possono effettivamente spiegarti cos’è il Bitcoin, ma hanno sentito parlare della parola… Non possono davvero spiegare cos’è, ma hanno una sorta di idea che si tratta di una risorsa virtuale“.

Ma Jiang sottolinea che il cinese medio è totalmente all’oscuro dell’enorme influenza del suo paese sulla rete mineraria Bitcoin

„I minatori in Cina controllano circa il 60% del potere dell’hashish nella rete Bitcoin… Tuttavia, non credo che la persona media in Cina ne sia a conoscenza“.

Jiang sta anche osservando un maggiore entusiasmo per gli altcoin in Cina rispetto agli Stati Uniti e all’Europa, dicendo che la persona media di crittografia ama cercare il prossimo oscuro altcoin che ha il potenziale per andare alle stelle.

„Penso che il Bitcoin in termini di nome sia più popolare e più famoso. Ma per quanto riguarda le partecipazioni, le persone che detengono Bitcoin contro altcoin, penso che in realtà molte persone cripto in Cina, detengono molte DeFi (finanza decentralizzata) e altcoin…

Mi sembra che nel mondo occidentale ci siano molti più massimalisti Bitcoin, mentre in Cina ci sono massimalisti Bitcoin, ci sono persone che capiscono veramente il Bitcoin, ma sono molto, molto poche… Anche molti dei migliori crittografi cinesi, ci sono molti Defi e altcoin… La persona media dei crittografi in Cina, vuole trovare una moneta che possa salire cento volte, mille volte in un breve periodo di tempo“.

BTC hat in den letzten 48 Stunden eine inspirierende Preisbewegung erlebt. Die erste Krypto der Welt erreichte mit 13.250 USD einen neuen Höchststand, bevor sie einer Ablehnung ausgesetzt war, die die Preise wieder in die obere Region von 12.000 USD drückte.

Der BTC-Preis schwankte seitdem unter dem Widerstandsniveau von 13.000 USD und erholte sich und fiel um einige hundert Dollar, da die Anleger die Richtung abschätzen, in die die BTC-Märkte in den kommenden Stunden gehen werden

Zum Zeitpunkt der Drucklegung ist BTCUSD um 1% gefallen und notiert bei 12.790 USD. Die Dynamik der Königsmünze scheint nach der Ablehnung in der Nähe von 13.200 USD leicht ins Stocken geraten zu sein . Viele Händler erwarten jedoch, dass die BTC-Bullen bald 13.000 USD zurückfordern werden.

Ein Kryptohändler und Analyst erklärte die psychologische Bedeutung des 13-Dollar-Niveaus und verglich die aktuelle Rallye mit der Mitte 2019, als BTC mit dem Abblasen begann.

„Der Preis für BTC teleportierte von 12.000 USD auf 13.000 USD auf 14.000 USD, was die meisten Anleger schockierte und einige zu der Annahme veranlasste, dass ein ausgewachsener Bullenlauf unmittelbar bevorsteht. Bitcoin lehnte jedoch 14.000 USD ab, später 13.000 USD im Sommer, um die technische Bedeutung dieser Region zu bestätigen “, erklärte der Händler über Twitter.

BTC ist bereit, in den kommenden Tagen einen Anstieg zu verzeichnen, angetrieben von einem anhaltenden Druck auf fiskalische Anreize und der anhaltenden Begeisterung für den Eintritt von Paypal in die Kryptosphäre .

Bitcoin könnte vor einem leichten Ausverkauf stehen

Der BTC-Preis hat in den letzten Tagen eine enorme Stärke zum Ausdruck gebracht, die durch einen unaufhaltsamen Aufwärtstrend gekennzeichnet ist, bei dem der Vermögenswert mehrere Widerstandsniveaus überwunden hat.

Laut Ki Young, dem CEO des Analyseunternehmens CryptoQuant, könnte die Flaggschiff-Krypto aufgrund des zunehmenden Spotverkaufsdrucks großer BTC-Inhaber bald leicht zurückgehen.

Der CEO stellte über einen Tweet fest, dass die Wechselkurszuflüsse von Walen stark ansteigen, was darauf hinweist, dass sie sich darauf vorbereiten, ihre Positionen zu verkaufen. Er kam zu dem Schluss, dass ein leichter Ausverkauf gleich um die Ecke sein könnte, er erwartet jedoch, dass der Bullenmarkt angesichts des geringen Wechselkurses anhält Walverhältnis.

With the help of several block chain companies, the country wants to create an innovation.

The German Energy Agency (DENA) is the most important government authority for energy innovation in Germany and aims to decentralise its energy ecosystem.

DENA „has selected Energy Web and, in partnership with more than 20 industry players, intends to design and build a digital register of Distributed Energy Resources (DERs) across the country,“ according to an Energy Web blog post on 13 October. It went on to say:

„The project will enable energy installations in Germany, such as thermostats, solar PV systems, batteries and charging stations for electric vehicles, to automatically register themselves in a decentralised identity register so that they can be used by the German power grid for such purposes as virtual power plants and frequency control“.

Together with Energy Web and numerous block chain and crypto companies, DENA essentially wants to digitise the country’s energy system by storing necessary components in a decentralised database.

Philipp Richard, DENA’s senior staff member, explained in the mail that hurdles still have to be overcome to get the project fully up and running. However, the digital block chain identities are currently being tested and it looks very good.

De aandelenmarkten namen een pak slaag eind vorige week toen het nieuws brak dat de Amerikaanse President Donald Trump positief had getest voor Covid-19, maar de crypto-markten bleven veerkrachtig en klommen eigenlijk in het weekend.

De totale marktkapitalisatie voor de cryptomarkten steeg in het weekend met 5 miljard dollar en er was geen enorme inzinking die zoveel doemdenkers en Bitcoin-tegenstanders hadden voorspeld. De verhuizing heeft dat totaal terug gebracht tot ongeveer $345 miljard, wat een daling is van ongeveer 13% ten opzichte van het hoogtepunt van dit jaar, maar nog steeds een stijging van 80% sinds het begin van 2020.

Er waren een aantal negatieve invloeden op de crypto-markten vorige week, zoals de $150 miljoen KuCoin-hack, de CFTC die de BitMEX medeoprichters in rekening bracht, en Donald Trump’s Covid-woede, maar Bitcoin en zijn broeders bleven veerkrachtig.

Bitcoin vecht met weerstand

De Bitcoin-prijzen namen een kleine 2,5% duik toen het nieuws bekend werd dat Donald Trump vrijdag positief had getest op het Coronavirus. Sindsdien heeft het alle verliezen hersteld en heeft het zelfs weer op vrijdag niveau’s gemaakt om weer $10.700 te bereiken tijdens de vroege maandag handel in Azië. De verhuizing heeft bijna 3% toegevoegd aan de Bitcoin-prijzen in het weekend.

Bitcoin handelt momenteel net onder het 50-dagen voortschrijdend gemiddelde en nog steeds binnen het bereik gebonden kanaal. Analist ‚CryptoHamster‘ heeft de technische aspecten bekeken die allemaal lijken aan te geven dat er een neergang dreigt.

Andere analisten hebben opgemerkt dat het recente nieuws zeer weinig invloed heeft gehad op de Bitcoin-prijzen en dat het waarschijnlijk gecorreleerd blijft met de aandelenmarkten.

„Bitmex FUD & Trump Covid maakte nauwelijks een deuk in de $BTC-prijs. Dat zegt veel over de kracht. On-chain metrics zijn ook bullish. Ik zie geen enkele reden om een beetje te zuinig te zijn op $BTC, tenzij de aandelenmarkt crasht.“

Elders op de crypto-markten

De meerderheid van de crypto activa zijn het posten van aanwinsten op het moment met etherische oliën om het $350 niveau en XRP spiking 7% terug te winnen om $0.25 te bereiken.

Cardano is erin geslaagd om Litecoin om te gooien in termen van marktkapitalisatie aangezien het 5,5% op de dag wint en Cosmos presteert ook goed op het moment met een stijging van 6%. Aan de andere kant zijn DeFi tokens UMA en Ampleforth die op dit moment diep in het rood staan.

In de wereld van DeFi, totale waarde vergrendeld over alle platforms is zweven rond de piek niveaus van 11 miljard dollar volgens Defipulse.com.

La crescita esplosiva di DeFi non ha in alcun modo attenuato le critiche della cripto-industria. In effetti, l’aumento dell’utilizzo e della popolarità ha attirato aspre critiche da parte degli operatori del settore, che hanno tutti classificato la DeFi come una bolla.

Ora Anthony Pompliano, il co-fondatore di Morgan Creek Digital, ha fatto eco a un approccio simile. In un tweet di risposta ad altri attori del settore che hanno sostenuto l’ondata DeFi, il massimalista di Bitcoin ha dichiarato che dietro le truffe ICO c’erano anche i sostenitori delle „truffe DeFi“ .

Sebbene tutte le ICO non fossero molto fraudolente, solo pochi sono sopravvissuti e, rispetto alla DeFi, molte personalità crittografiche non sono state d’accordo sul fatto che la DeFi sia davvero una truffa. L’argomento di Pompliano si rifà a un precedente tweet in cui sostiene che la DeFi è più centralizzata di quanto non si mostri. Citando che la maggior parte dei nodi Ethereum viene eseguita sui servizi Web Amazon (AWS), Pompliano suggerisce che Jeff Bezos potrebbe limitare la maggior parte delle applicazioni DeFi sulla rete Ethereum.

Controllo sulle app DeFi

Ribattendo, la maggior parte delle personalità criptate non era d’accordo sul fatto che Ethereum non fosse centralizzato come sostiene. Camila Russo, membro del team di una piattaforma di ricerca DeFi, chiarisce che solo il 37% dei nodi ospitati si trova su Amazon, mentre il 70% è ospitato su altre piattaforme.

C’è ancora spazio per il decentramento

Il grosso problema potrebbe non essere una quantità minore di nodi collegati ad AWS, ma la possibilità che Ethereum potrebbe non avere il controllo sulla sua rete come sostiene di essere. Se, ad esempio, Amazon si tuffa nella criptovaluta creando la propria Blockchain e valuta digitale in futuro, più del 20% dell’efficienza della rete potrebbe andare persa e anche i prezzi potrebbero essere manomessi.

Annuncio pubblicitario

Ancora peggio, se altri servizi cloud dovessero terminare i nodi Ethereum, quasi tutta la rete potrebbe essere cancellata all’istante. Con Ethereum che si caratterizza come una rete decentralizzata nonostante gran parte del suo ecosistema distribuito su altre piattaforme, è comprensibile che gli utenti di Ethereum saranno diffidenti nei confronti della rete e dove il controllo è davvero a questo punto.

Nel frattempo, molte cripto-personalità sono in disparte per il livello di critiche lanciate a Ethereum, in particolare dai massimalisti di Bitcoin. Erik Voorhees e Alex Saunders hanno entrambi risposto in modo simile, dicendo che i critici di Ethereum erano simili ai critici di Bitcoin che per lo più tirano su Bitcoin da un punto di vista estremamente soggettivo.