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Ripple Price Predicted to Move Significantly by Expert Trader Peter Brandt

  • Darryn Pollock
    🤷 Opinions

    Expert trader and author, Peter Brandt, has said that XRP is “definitely coiling up” suggesting a big move soon


Ripple Price Predicted to Move Significantly by Expert Trader Peter Brandt
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Well-regarded trader and author Peter Brandt has posted an analysis of cryptocurrencies on his Twitter account, stating that he sees Ripple ‘coiling up’. However, he has also taken a swipe at rival Stellar, calling it “basically worthless” based on the technical analysis of the graphs.

Brandt is no stranger to commodities trading, or no fool when it comes to cryptocurrency trading either as he famously predicted last year’s Bitcoin and crypto price plunge before it happened. In his January 2018 tweet, he warned traders about the imminent crash.

XRP coiling up

Brandt, after calling Stellar basically worthless and explaining why with technical analysis, was asked by a trader to give his thoughts on Ripple and the XRP token. It was here where he said that XRP is “definitely coiling up.” This indicates that the price of XRP is expected to make a big move soon.

However, one needs to fully understand what coiling up means in a trading and technical analysis sense. Coiling up is related to the trading signal that is an indicator of volatility and not bullish or bearish moves.

“Coiling action does not predict future price direction! Please make note of that fact and reread that previous sentence if you must, in order to permanently understand what coiling action does not attempt to signal or portray. Coiling action is predicated on the volatility of a stock and is not in any way a harbinger of future price direction,” it is explained by TheStreet.

However, if the general pattern of cryptocurrencies is to be believed, it would be easy to assume that the movement from Ripple could well be up. There has been some positive news surrounding Ripple as it makes a play to replace SWIFT.

👉MUST READ XRP Already Listed on More Than 100 Exchanges Worldwide, Ripple Q4 2018 Report Reveals
XRP Already Listed on More Than 100 Exchanges Worldwide, Ripple Q4 2018 Report Reveals

Not good news for Stellar

If the evidence is positive surrounding XRP on the technical side, and it is backed up by partnerships and other good news, then it does not spell good things for Stellar.

Brandt explained that because of its difficulty in testing resistance, he predicts that XLM is “basically worthless”.

This also flies in the face of other Stellar predictions, some of which are seeing the coin rising by as much as 84 percent by February 1st. However, this report is more speculative than based on any substantial fundamentals.  

Cover image via u.today
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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

Cover image via 123rf.com
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