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XRP Leading the Market to the New Rally After Fast 10% Rise?

  • Denis Sinyavskiy
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    Ripple is showing steady growth, adding almost 10% in price over the past 24 hours, will this be the beginning of a new rally for the cryptocurrency market?

XRP Leading the Market to the New Rally After Fast 10% Rise?
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Today, the owners of cryptocurrencies were pleased with small growth, in particular, the Ripple owners, who added in value almost 10% over the past 24 hours.

XRP 24 Hour Price Chart

After a systematic decrease in the price of most cryptocurrencies and a fall in trading volume on the weekend, the situation finally normalizes. Major exchanges show an increase in trading volumes of 60-100%, compared with yesterday. Bitcoin and the main altcoins are also in the green zone, but this time the mood was not set by the main cryptocurrency.

Over the past 24 hours, XRP has grown by almost 10%, from $0.251 to $0.276. The main altcoins also reacted to the growth of the token:

  • EOS showed an increase of 6.5%;

  • Stellar (XLM) rose by 8.2%;

  • Cardano (ADA) raised by 6%.

Top 10 Cryptocurrencies Price Change Charts

At the same time, Bitcoin grew by only 3.2% but did not lose its domination, this figure is 66.7%. The overall growth is noticeable throughout the cryptocurrency market, we will continue to monitor developments.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
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    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
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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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