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XRP Is Racing Ahead of Bitcoin (BTC). Will XRP Price Reach $0.30?

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Tue, 01/14/2020 - 19:37
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  • The price of XRP is finally recovering after weeks of hopeless bleeding

Cover image via www.123rf.com
Contents

You might not have noticed but the price of XRP, the third biggest cryptocurrency, is now up by more than 10 percent. Crypto trader Luke Martin says that he's long on XRP even after this price spike.

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A treat for XRP holders

XRP had been trailing behind other top cryptocurrencies, including Bitcoin (BTC), before it eventually witnessed a surprise pump at 17:00 UTC. This allowed the token to reclaim the $0.244 level. This is the highest point XRP has managed to reach since the end of November. 

XRP Price
image by coinstats.app

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Is $0.30 on the cards?   

Earlier today, Crypto Rand predicted that XRP could soon touch $0.30 if it managed to break above the downtrend resistance.  

XRP Price
image by coinstats.app

Now, it appears that XRP is starting the journey to the much-coveted level. It remains to be seen whether XRP will manage to keep its momentum going. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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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Wed, 04/01/2020 - 07:13
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crypto to
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  • Mike Novogratz is convinced that when central banks make money grow on trees, then it's time to buy Bitcoin

Cover image via www.bloomberg.com
Contents

When central banks make money grow on trees, Mike Novogratz, the CEO of Galaxy Digital, has one message for his followers - buy Bitcoin (BTC). 

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Yes, money does grow on trees   

'Money doesn't grow on trees' is a popular expression that parents constantly hammer into the heads of their children. It means that money is a limited resource and encourages people to put in a significant effort in order to obtain it. 

However, this fable apparently doesn't apply to the U.S. Federal Reserve and the Bank of England, who unleashed unlimited liquidity to save the ailing global economy from the coronavirus-driven fallout. 

As absurd as it sounds, fiat money does grow on trees in 2020 (at least for central banks). 

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2020 could be Bitcoin's year 

Against this backdrop of incessant money printing, Bitcoin, a disinflationary currency whose total supply is strictly limited to 21 mln, has never seemed more attractive. Novogratz described it as the strongest bull case for the benchmark cryptocurrency. 

Even though crypto failed to perform as a safe haven during the coronavirus-driven sell-off, the Wall Street bull recently opined that 2020 could end up being another big year for Bitcoin.     

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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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