0
📈 Price Predictions
835 views

XRP, EOS, LTC, BNB Altcoin Price Prediction - Reasons for a Short-Term Rise

  • Denys Serhiichuk
    📈 Price Predictions

    Is there growth potential for the perspective altcoins in a short-term scenario?

XRP, EOS, LTC, BNB Altcoin Price Prediction - Reasons for a Short-Term Rise
Cover image via www.tradingview.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.

While Bitcoin has not shown any significant price changes over the last day, altcoins are not losing their chances to rise against the leading cryptocurrency. XRP is the top gainer out of the top 3 coins, its rate has gone up by more than 3% against BTC.

Top 10 coins by Coinstats

The key data of XRP, EOS, LTC, and BNB are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

XRP

XRP

$12 026 733 565

0,00003328 BTC

$1 208 217 202

3,22%

EOS

EOS

$2 978 617 555

0,00038021 BTC

$1 344 371 375

1,59%

Litecoin

LTC

$3 605 849 046

0,00678631 BTC

$2 234 408 347

-0,13%

Binance Coin

BNB

$2 657 806 038

0,00204055 BTC

$151 694 468

0,80%

XRP/BTC 

Autumn has started more than positively for the third most popular cryptocurrency. Its rate has soared by almost 40% against BTC since September 17. 

XRP/BTC chart by TradingView

On the 4H chart, XRP keeps located in the ascending channel formed in September. The short-term forecast is bullish against the relatively high trading volume. Thus, the lines of the MACD indicator are looking upward, suggesting the ongoing domination of buyers. 

👉MUST READ

TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Suddenly Dropped. How Top Coins Should React?

TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Suddenly Dropped. How Top Coins Should React?

Summing up, XRP is about to achieve the level at 3400 satoshi till the end of October.

XRP is trading at 0.00003298 BTC at press time.

EOS/BTC

Our previous EOS price prediction is coming true, as the coin keeps located between the levels at 0.00037 BTC and 0.00038 BTC. 

EOS/BTC chart by TradingView

EOS has almost won back the lost positions after a drop at the end of September. At the moment, the coin is forming a Triangle pattern with a further rise to 0.0003950 BTC. This level might be reached in a few days. EMA 50 confirms the coin growth, as EOS is located above the Moving Average. Thus, the RSI indicator is also going up.

EOS is trading at 0.0003734 BTC at press time.

LTC/BTC 

Litecoin is trading according to our recent forecast and the current level is not the bottom yet. Sellers are dominating the short and long-term scenarios. 

LTC/BTC chart by TradingView

On the 4H chart, nothing indicates the buyers’ pressure. The trading volume index is declining, confirming the price decrease. Besides, the RSI indicator has reached the oversold area yet which means that the rate can go deeper. In this case, the closest level is the yellow range where the price might reach shortly.

Litecoin is trading at 0.006742 BTC at press time.

BNB/BTC 

Binance Coin might have touched the local bottom and now can show short-term price growth. Its rate has increased by almost 1% over the last day.

BNB/BTC chart by TradingView

The native exchange of the Binance exchange is likely to show a price revival soon. BNB is currently located within the Triangle pattern with a possible breakout upward. The MACD indicator also confirms the bullish tendencies. Respectively, one should expect Binance Coin at the level at 0.0021 BTC until the end of October.

Binance Coin is trading at 0.00202 BTC at press time.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

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.

👓 Recommended articles
0
📰 News
2850 views

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. 

👉MUST READ

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

Close to Heresy: Mike Novogratz Shreds Binance CEO, Vitalik Buterin Joins the Fray

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. 

👉MUST READ

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future

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. 

Subscribe to the official U.Today Telegram channel. Get news first!

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.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings