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Ripple Price to Go ‘Ultra Bullish’, Says Analyst, As Justin Bieber 'Runs On Ripple' on Instagram

ByBit
  • Yuri Molchan
    📰 News

    Crypto analyst 'Crypto Welson' states that he is ‘ultra bullish’ on Ripple’s XRP since the accumulation phase is over; meanwhile, Justin Bieber #RunsOnRipple

Ripple Price to Go ‘Ultra Bullish’, Says Analyst, As Justin Bieber 'Runs On Ripple' on Instagram
Cover image via www.instagram.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Crypto analyst @CryptoWelson from expects a massive FOMO (fear of missing out) on XRP soon and states that he is ‘ultra bullish’ on the price.

'The FOMO will be something we've never seen before'

2018 was the accumulation year for XRP and now, the analyst says, after the numerous partnerships initiated by Ripple, the price of the coin is highly likely to surge.

Recently, Ripple indeed took some big steps to reach new milestones for its expansion. Many new banks and payment systems were signed up to the RippleNet, including PayPay in Japan with its 10 mln users and 1 mln merchants. Ripple also acquiried a large stake at MoneyGram and launched On-Demand Liquidity.

Ripple has also set up a new office in Washington, DC to be closer to the US regulators and conduct a fruitful dialogue with them.

Investor sells 4.5 Mln XRP over strong disbelief

However, some are still in doubt regarding the prospects of XRP on the market. A trader and investor @TheCryptHawk has written  that he has sold his XRP stack totaling 4.5 mln, basically implying that he does not believe in the potential of Ripple and XRP any more.

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Justin Bieber #RunsOnRipple

The @BankXRP user has posted a video that he says he came across on the official Instagram account of Justin Bieber. In it, Bieber is running along popular tourist locations and his running figure is embedded into some famous movie scenes, such as Pirates of the Caribbean and Trainspotting. The phrase 'Runs on Ripple' is clearly seen on the video.

Earlier this year, U.Today reported that Ripple’s Xpring planned to back the celebrity manager Scooter Braun, who worked with Justin Bieber and Ariana Grande. with a jaw-dropping investment of $500 mln.

 

What are your thoughts on Justin Bieber getting involved with Ripple? Feel free to share them in the comment section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Massacre: $180 Mln Worth of BTC Longs Liquidated on BitMEX

ByBit
  • Alex Dovbnya
    📰 News

    A massive amount of long positions gets liquidated on the BitMEX exchange after the Bitcoin price tanked all the way down to $7,350

Bitcoin Massacre: $180 Mln Worth of BTC Longs Liquidated on BitMEX
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

$179.3 mln worth of longs has been liquidated on BitMEX, the leading derivatives exchange, after the Bitcoin price shockingly dropped to $7,350 (compared to spot exchanges where BTC didn't go below $7,500). Considering that the average leverage is 25x, Bitcoin bulls collectively netted a loss of around $6.4 mln.         

One of the top traders on BitMEX, who felt "long and strong" at the $8,000 level, most probably regrets his recent tweet.     

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This string of bloody-red candles opens a possibility for a further drop to below $7,000, which has been the pipe dream of Bitcoin bears ever since the BTC price blasted past this level back in May.   

At the time of writing, the top coin by market capitalization is sitting at $7,581 with no sings of buying pressure, CoinStats data shows.  

Trader "The Wolf of Wall Street" says that the retail interest in Bitcoin has been slowing down in November (based on the number of addresses with balances less than 0.1 BTC). Hence, it is unlikely that the average Joe will start FOMOing in anytime soon.      

Dutch analyst "Plan B" didn't cave in to bearish sentiment. He says that the positive difficulty adjustment prevented the much-feared miner capitulation, and the BTC price could increase from that point. 

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As reported by U.Today, the Bitcoin price could still nose-dive by 40 percent based on the BitMEX funding rate

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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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