XRP Price Prediction: $0.05 Massive Dump Is Coming! Will Ripple Quit the Crypto Rally?

Ripple continues disappointing traders as their XRP price predictions don’t actualize at all – vice versa, it keeps falling and breaking newer and newer support levels. By touching the $0.30 level, it has broken the hopes of many investors, and it doesn’t seem to stop its epic fall to zero. Read XRP price predictions from tradingview users to find out what else to expect from Ripple.

By taking a look at XRP, TradeWithTyler has concluded that it’s going to $0.05 in the nearest time. What are the reasons for that?

Regulation. No government in their right mind is going to let XRP come in and disrupt their central bank's entire payment processing current operation (USD, Swift) – it's just not going to happen in this day and age. Instead of using XRP, they will continue to use dollars and just modernize the processing to be instantaneous.

Inflation. XRP is highly inflated and many people holding billions of coins in wallets are ready to dump at a moment.

Lack of transparency. XRP has never been audited legitimately, so we do not technically know who exactly owns all the top wallets. According to an analysis performed by BitMEX, Ripple has been unable to retrieve the first 32,570 blocks from the Ripple ledger and none of the nodes could repair or obtain the data. This means that Ripple cannot complete an audit of their blockchain, nor a transactional analysis of the 100 billion XRP coins. Therefore, XRP claims it can never be audited, and basically can never be trusted by any major organization or corporation, so it will simply be left in the dust.

Evidently, Ripple has a few technical shortages that play a major hindrance to its massive adoption.

XRP: Either $0.15 or $0.50

According to PeacefulWarrior, there are two main scenarios for XRP. Either it will confirm the continuous failing and head to the $0.15 mark, or it will break the support level and crawl to the $0.50 level. The chances for that seemed to be equal until now. However, there’s still hope until XRP touches the $0.29 level.

Do or die strategy should be applied

Faibik has performed a bit of technical analysis and has come to a few solutions. First, the weekly TF is around the strong support area and we should keep tabs on it. There might be a bounce back if people continue holding Ripple. If not, it can die within a few weeks. If things go well, we might see XRP reaching $0.64 this spring.

Ripple (XRP) vs Stellar Lumens (XLM)

Considerations when deciding between XRP and Stellar Lumens

With strong financial backing and a long list of partners, Ripple has attracted plenty of attention not only in the cryptosphere but also across mainstream media. But any analysis of Ripple inevitably draws comparisons with Stellar Lumens (XLM), another crypto giant focused on offering fast, reliable and affordable global payments.

There are plenty of similarities between Stellar and Ripple, but also a few key differences. Read on to find out how these two cryptocurrencies stack up against one another and decide which project is best placed for success

View Ads, Get BAT: Brave Delivers on ICO Promise of Paid Web Browsing

Brave’s promise to compensate you for viewing online ads is finally coming to fruition.

In a departure from typical display ads embedded on websites, the privacy-minded web browser is debuting small notifications that aren’t wedded to particular sites. The notifications, visually akin to those of the Slack desktop app, feature promotional offers from different brands.

For users, it’s important to note, the Brave Rewards product is opt-in.

“This is what we’re excited about because it doesn’t require publisher opt-in,” Brave CEO Brendan Eich told CoinDesk in an interview. “The main model for us is advertiser-to-user.”

Describing the notifications as the “top of the funnel,” Eich explained that if the user clicks on one, they will be taken to a site with more information about the given offer.

Users can still keep using Brave without any kind of ad intervention, but they do have an incentive to join: Brave promises that 70 percent of the money companies spend on these ads will go to users (the rest is kept by Brave). The funds will be paid out to users’ wallets via Brave’s Basic Attention Token (BAT).

Brave Ads goes live today
with a number of ad inventory suppliers, including Vice, Home Chef, ConsenSys, Ternio BlockCard, MyCrypto, eToro, BuySellAds, TAP Network, The Giving Block, AirSwap, Fluidity and Uphold.

“Brave is changing the paradigm of digital advertising where consumers are fairly rewarded for their attention,” Lin Dai, CEO of TAP Network, said in a statement. TAP brings over 250,000 partner merchants and brands to the new platform, according to Brave.

Trump Effect on Forex Market and Bitcoin

Earlier before the administration of Donald Trump took office on Friday, January 20, 2017, several analyst in the financial sector have predicted the rise of alternative investment to the US Dollar. These alternative investment has no doubt been found in Crypto-currency most notably bitcoin Crypto-Currency. To add to the global uncertainty in the financial market is the constantly changing position adopted by the POTUS on key issues, especially on immigration and trade relations with other countries. As I sit on my computer, reflecting on the events of these past few months, I cannot help but wonder if this phenomenon known as the “TRUMP EFFECT” that started out as a joke has come to be a permanent factor that needs to be given adequate consideration before any financial investment is made. The rise of Bitcoin shows no intention to stop in the nearest time. It is also interesting to note that most currency pairs are trading bullish against the Us Dollar in the Forex market. As the year unfolds let’s hope for some stabilizing force to neutralize this lingering phenomenon called the “TRUMP EFFECT”.

Chart showing the current price of bitcoin as against the US Dollar (Image Source: http://www.xe.com)

Bitcoin predicted to rise 165% to $2,000 in 2017

The price of Bitcoin could hit more than $2,000 in 2017 driven by expectations that U.S. President-elect Donald Trump may introduce economic stimulus policies, which could send inflation soaring and propel the dollar to record highs, a report from Saxo Bank claims.

Bitcoin is currently trading around $754.51, according to CoinDesk data. A handle of over $2,000 would represent 165 percent appreciation.

During his election campaign Trump has talked about an increase in fiscal spending. Saxo Bank's note said that this could increase the roughly $20 trillion of U.S. national debt and triple the current budget deficit from approximately $600 billion to $1.2-1.8 trillion, or some 6-10 percent of the country's current $18.6 trillion economy.

As a result, the economy will grow and inflation will "sky rocket", forcing the U.S. Federal Reserve to hike interest rates at a faster pace and causing the U.S. dollar "to hit the moon".

When inflation rises the Federal Reserve may raise interest rates to bring it under control. This causes the dollar to appreciate because it would be seen as an attractive currency for foreign investors.

"This creates a domino effect in emerging markets and China in particular, leading people globally to look for alternative forms of currencies and payment systems not tied to central banks that have exhausted monetary policies or crony governments that are in full financial repression mode nor transaction systems that are long overdue for a revolution," Steen Jakobsen, chief economist at Saxo Bank, wrote in a note.

Bitcoin as the largest cryptocurrency would benefit from this "chaos", he added, as emerging market countries look to move away from "being tied" to the monetary policy of the U.S. and banking system. 

Benoit Tessier | Reuters

"If the banking system as well as sovereigns such as Russia and China move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100

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