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📈 Price Predictions
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TOP 3 Price Predictions: BTC, ETH, XRP — Coming Back to Previous Levels or on the Way to New Highs?

  • Denys Serhiichuk
    📈 Price Predictions

    Why are altcoins not growing faster than BTC against the general market growth? The following price prediction helps you to figure it out

TOP 3 Price Predictions: BTC, ETH, XRP — Coming Back to Previous Levels or on the Way to New Highs?
Cover image via www.123rf.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.

Contents

Even though Bitcoin has touched its lowest levels in the first quarter of 2019, it has not influenced its rate, which has jumped by more than 4% over the past 24 hours.

However, most of the top altcoins have not followed the leading cryptocurrency, as their prices have raised from about 1% to 2%.

One of the possible reasons for such growth is the increasing attention of institutional investors in the cryptocurrency market. Against all this, the overall market cap and trading volume have increased by a few million. At the same time, BTC’s domination rate has gained some points and now constitutes 55%.

Cryptocurrency metrics

BTC/USD

May has started positively for BTC, as its rate is located in the uptrend; however, it is still early to judge the possibility of reaching $6,000 in a few days.

BTC/USD 1-hour chart

Our Bitcoin price prediction for yesterday came true, as $5,500 was broken at some crypto exchanges. Currently, the quotes are trying to consolidate and hold this crucial level.

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Analyzing the hourly graph, the RSI indicator is overbought and may come back to the 60 points zone. Respectively, the possible short-term scenario is a small correction to $5,400 before achieving the $5,500 mark again.

The price of BTC is trading at $5,485 at the time of writing.

ETH/USD

In terms of Ethereum, reaching the $160 level has happened according to our prediction yesterday.

Aside from the total market growth, ETH has its own reasons for its price rise. One of such causes is the released update for the Opera desktop browser, which now has a crypto wallet for tokens of the ERC-20 and ERC-721 standard.

ETH/USD 1-hour chart

It is crucial to hold the $160 support level for ETH; in another case, a drop below $150 is likely to occur.

If bulls manage to have enough strength, they will push the price up to $168, however, then a rollback to $165 may happen. Such a situation is possible in a short-term scenario which is outlined on the hourly chart.

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The price of ETH is trading at $159.65 at the time of writing.

XRP/USD

The XRP price has changed the least over 24 hours compared to other top coins. Currently, Ripple is trying to finally get out from the $0.3030-$0.3040 area and reach $0.3050, as outlined in our analysis yesterday.

XRP/USD 30-min chart

On the 30-min chart, there are no crucial changes and one can only guess what should happen to push XRP’s rate up or down. If the situation remains constant, the price will decline to $0.30, due to the absence of buyers. Such a decline already happened before as trading volumes were low.

The price of XRP is trading at $0.3037 at the time of writing.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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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
Cover image via www.123rf.com
Contents

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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