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Ripple XRP Price Prediction: XRP Shows Strongest Bounce in Bad Crypto Week

  • Darryn Pollock
    🤷 Opinions

    In a week of mostly losses across the cryptocurrency market, XRP was one coin that showed some good fight back


Ripple XRP Price Prediction: XRP Shows Strongest Bounce in Bad Crypto Week
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After a long period of low volatility and movement for most of the cryptocurrency market, there was a notable dip that occured this week. Starting on Sunday, most of the top 20 coins saw a substantial fall, but throughout the week, there has been a bit of a bounce back for some.

The bounce back has been better for some than others, with XRP showing the most impressive bounce to try and get back to levels similar to those before the Sunday fall.


As it stands, today’s market sees more downturns, with only Binance Coin giving off some good gains in terms of a 24 hour change. The coin is up nearly seven percent while others in the top 20 are showing mostly small losses.

NEM is down 11 percent in a significant drop since yesterday, and XRP is also down over 24 hours by four percent, but is still showing good resistance over the week.

A week of red

Looking at Bitcoin, which is still the predominant coin in terms of directing the cryptocurrency market, when it started dipping on Jan. 27, most coins followed. Bitcoin went from a week high of $3,654 to falling to a low of $3,400 by Tuesday as it reached a place of resistance.

Bitcoin managed to rebound by $100 over the next two days, hitting $3,500 by Thursday, although there has been a steady decline in price again running down to the weekend. The price currently sits in the mid-$3,400 range.

For the rest of the coins, there was a pretty similar pattern across the top 20, but XRP showed a good rebound on Thursday as it peaked to higher than it was before the downturn in the market.

👉MUST READ Ripple Price Predicted to Move Significantly by Expert Trader Peter Brandt
Ripple Price Predicted to Move Significantly by Expert Trader Peter Brandt

XRP shows potential

XRP started dropping on Sunday as well, as the coin went from $0.31 to a low of $0.28. Through the middle of the week there was very little fluctuation in price until a massive spike saw the XRP coin jump to $0.32, and then jump once again.

Ripple XRP Price Prediction: XRP Shows Strongest Bounce in Bad Crypto Week

Price prediction

While the markets seem to be dipping again into the weekend, there is nothing to suggest that another notable drop is on its way. In fact, there was some positive news relating to the Van Eck SolidX BTC ETF this week.

After withdrawing its application, CBOE has resubmitted it in the wake of the US government shutdown coming to an end.

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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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Contents

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.

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