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TokenPay Throws Accusations Against XRP and NEO

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In a recent tweet, TokenPay (TPAY) decided to remind once again everyone of their accusations against Neo (NEO)and XRP being centralized.

TokenPay comes after XRP and NEO once more

TokenPay had made a lot of headlines back in March when they claimed that Ripple and Neo are actually centralized currencies. According to them, the NEO Foundation is in full control of NEO and all its nodes. At the time, they claimed to have received a lot of hate for saying this. However, it would seem that TokenPay now believes that everyone should be able to see that they were right.

Decentralization is one of the key aspects of every real cryptocurrency, especially considering that the sole reason for their existence was to take power over money away from companies, banks, and other financial institutions. However, with the rise in the number of cryptos due to their popularity, it would seem that not all cryptocurrencies chose to abide by this rule.

With a situation like that, a large part of the crypto community has become concerned regarding centralization and decentralization issues. It would seem that everyone agrees that cryptos and blockchain projects should be decentralized. However, since there is a legitimate doubt regarding some of these projects, Ripple and Neo, in particular, many have opted to claim that they are not even real cryptocurrencies.

Are Ripple and Neo real cryptos?

The argument against NEO and XRP is based on the fact that they are not regular cryptocurrencies by design. As such, they are not compatible to even be considered real cryptos. Many claims that Ripple’s development and progress of its technology is not for the good of the crypto community, but for the benefit of its partners.

Considering that Ripple is mostly working with large banks and financial institutions like Santander Bank and American Express, many believe that it was created to allow banks to remain relevant in the new crypto era. Considering that crypto mining is actually a process of validating transactions, and Ripple cannot be mined, someone else needs to be in charge of validating its transactions. This is one of the biggest arguments of the coin actually being centralized.

Another argument against Ripple concerns its blockchain. The blockchain is not open. This is unusual for a cryptocurrency, and nearly every other coin out there has a fully open blockchain. Because of this, XRP was condemned by blockchain and crypto enthusiasts alike.

With a negative attitude towards Ripple and XRP growing, significant efforts were made in order to make its blockchain as decentralized as it is currently possible. XRP ledger’s current number of validators is 68, and this is their number after Ripple allowed some new ones to join. It was largely believed that this is done due to constant criticism regarding its centralization.

As stated, the XRP ledger currently has 68 validators, 21% of them is Ripple itself. While this is still not full decentralization, it is still proof that the coin is moving towards a decentralized state. At the same time, this move is allowing Ripple to leave the SEC’s attention. Willingly or not, the coin has to reach decentralization if it wants to remain relevant, and as such, it still has the potential to become a real crypto in the eyes of its critics.

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Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Bitcoin (BTC/USD) is trading at 6706.08. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 6590.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 7190.00.

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 6580.00. The abolition of the option of continuing Bitcoin growth will be the breakdown of the lower border area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​6200.00, indicating a change in the bearish trend for BTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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Ripple (XRP/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Ripple (XRP/USD) is trading at 0.5761. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 0.5300 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 0.7210.

Ripple (XRP/USD) forecast and analysis on September 25, 2018

Ripple (XRP/USD) forecast and analysis on September 25, 2018

The conservative area for buying is located near the middle border of the Bollinger Bands indicator strip at 0.4680. Canceling the option of continuing Ripple growth will be the breakdown of the mid-range area of ​​the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​0.4500, indicating a change in the bearish trend for XRP/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

Read More;

Why Ripple (XRP) can jump 100x in value and become the world currency

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Ethereum (ETH/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Ethereum (ETH/USD) is trading at 245.16. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 238.00 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 280.50.

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 220.50. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​200.00, which indicates a change in the trend in favor of the bearish for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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