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Bitcoin, Ethereum, Ripple's XRP Roar Back with Solid Price Gains. Here's What Top Traders Have to Say

  • Alex Dovbnya
    📰 News

    Top cryptocurrency traders weigh in on the latest cryptocurrecy market revival

Bitcoin, Ethereum, Ripple's XRP Roar Back with Solid Price Gains. Here's What Top Traders Have to Say
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The cryptocurrency market is finally getting back on its feet after a massive flash crash that took place on Sept. 24. According to data provided by CoinStats, Bitcoin is up 4.55 percent with top altcoins also remaining in the green territory.   

Crypto market

"Not out of the woods"

Despite the solid price move, Josh Rager claims that the top coin is not out of the woods yet. In order to maintain its bullish momentum, the BTC price has to print a daily close above the $8,750 level. Otherwise, the bulls should lower their expectations for their short-term gains. 

There is a suggestion that the Bitcoin price could have formed a triple bottom, a bullish reversal pattern that shows three failed attempts at printing new lows. If the pattern gets confirmed, the bulls can easily win back the $9,000 level. 

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Ripple’s XRP Price Is Headed for Up to 4,600 Percent Increase as Major Indicator Turns Bullish

Ripple’s XRP Price Is Headed for Up to 4,600 Percent Increase as Major Indicator Turns Bullish

All eyes on altcoins 

Surprisingly enough, Bitcoin isn't at the center of the conversation amidst this crypto market rally. XRP is stealing all the spotlight since the token appears to be on the cusp of a major bullish move that could be on par with its rally in December 2017. "Crypto Welson" says that he expects a big move if the XRP price holds above its current support. He further adds that XRP holders have been waiting for this move for this for years.

Meanwhile, Ethereum, the biggest altcoin by market cap, is also up by almost eight percent, moving closer to the psychologically important $200 target.     

This time, it seems like an alt season is really coming.    

 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
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According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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