Cryptocurrency Ripple (XRP/USD) is trading at 0.3427. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Ripple. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Ripple (XRP/USD) forecast and analysis on December 6, 2018
As part of the Ripple course forecast, a test level of 0.3550 is expected. Where should we expect an attempt to continue the fall of XRP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 0.3000. The conservative sales area for Ripple is located near the upper border of the Bollinger Bands indicator at 0.3730.
Cancellation of the option to continue the decline in the Ripple rate will be a breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of quotations of the pair above the area of 0.3820. This will indicate a change in the current trend in favor of the bullish XRP/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ripple (XRP/USD) forecast and analysis on December 6, 2018 implies a test level of 0.3550. Further expected to continue falling into the area below the level of 0.3000. The conservative area for selling Ripple is located area of 0.3730. Cancellation of the fall of the cryptocurrency will be performed by breaking the level of 0.3820. In this case, we can expect continued growth.
Thought Fraudulent, Not Towards Removing Doubt”, States Entrepreneur, Jimmy Song
The bitcoin educator, investor and entrepreneur, Jimmy Song picks out a peculiar feature of the altcoiners that they do not pay any heed to the users as to what they think of their product keeping them under the greatest of doubts. They tend to stick to the silence that they have acquired to this day and stick to being “thought fraudulent”. Although Song presented his views to the public too and gathered intense heat over stating every altcoin as such because there are also some projects that are worth the appreciation. Nevertheless, the plethora of scams and all have clogged the altcoins and other projects from every being as good as the genesis crypto, the bitcoin there is an intense need for the altcoins to create the environment that does not promote frauds and scams one bit to begin with. BlockPublisher got the chance to debate over the very status of the altcoiners and over what exactly is their stance over the very circumstances.
Altcoiners are either economically not sound enough to carry with their project or they are foolish enough not to intimate their users over the current circumstances that might turn a little rough sometimes. They tend to stick to the silent treatment for their users which can sound like scam and they remains thought fraudulent as always.
This statement from Jimmy Song got him much attention both from people favouring him and the ones who did the opposite thing. A crypto enthusiast going by the name, Jhonny Crypto turned on Song stating that all the people who support bitcoin are not accepting of any other project that is being developed. Though we strongly need crypto acceptance but bitcoin promoters not favouring any strong and sound altcoin project puts a strain over the entire crypto market.
Bitcoiners: It’s better to keep bashing every project than actually focus in BTC.
With all the recent scams related to altcoins being here still with us, the inventor of the Proof-of-Skill protocol and the founder of Protoblock, Jay Berg had the same thoughts as Jimmy Song and backed his statement that scams are here not just to pollute the certain crypto but damaging the entire crypto market. But the thing as per Berg is that we need to accept new and fresh projects which can turn a good omen for the entire crypto market.
Bitcoiners are to Altcoins, as Nocoiners are to Bitcoin … closed minded and scarred due to plethora of scams.
TV show on cryptocurrencies: Entourage actor Kevin Connolly to star in ‘Cryptos’
In what could either be a big boost to the legitimacy of cryptocurrencies or a big old bust, Kevin Connolly, the star of Entourage, will be starring in a new TV show titled ‘Cryptos’.
Making a surprise appearance at the North American Bitcoin Conference in Miami, the actor said that the show, which was still in development, was intended to give the audience a clearer understanding of the world of cryptocurrencies.
If the show finally sees the light of the day on any top network, eyeballs are guaranteed not only for the actor, but for a subject that has for long excited and confused a lot of people in equal measure. As Connolly himself said:“The thing that scares people about crypto is a lack of understanding. People like myself are still learning, but the curiosity is there.”
The TV show’s official synopsis suggests that the show will be a story of four friends who turn to trading on the cryptocurrency market to bankroll their movies after being unable to find big producers who can do so.
Kevin Connolly, whose participation in the project will also extend to the director’s chair, will be joined on the project by leading blockchain advocates, Jason King and Erik Sords.
The world of cryptocurrencies and blockchain technologies has never been very visible when it comes to popular culture. This can be attributed to several reasons, ranging from it being a subject beyond much of the public’s understanding of the fear of being duped by participation.
There are documentaries such as the excellent ‘Deep Web’ and there are feature films such as ‘KevCoin’ and ‘Life on Bitcoin’ (A film where newlyweds survive on only cryptocurrency for 90 days), but none of these are mainstream or have done anything to legitimize cryptocurrency in the eyes of the public at large.
What ‘Cryptos’ can hope to do is what HBO’s ‘Silicon Valley’ and Showtime’s ‘Billions’ did for tech startups and hedge fund managers respectively. If done right, ‘Cryptos’ can help bring that much-needed brand visibility to the world of cryptocurrencies. If the show succeeds in its promise to educate viewers about the cryptocurrency market, it can subsequently help legitimize it and be a step forward towards the wider adoption of cryptocurrencies
Ethereum Price Decline Allows XRP’s Market Cap to Increase its Advantage
Following another rather bearish week, it is not entirely surprising to see the Ethereum price fall further. Although some users expected the $120 level to be supported, that is not the case after all. As of right now, the main question is whether or not $115 will be reached and breached. It seems the Constantinople fork delay has caused some dismay among investors, but that is only to be expected.
Ethereum Price Woes are not Over Yet
As long as Bitcoin remains in a slump, the rest of the markets will follow its lead by example. That is not entirely abnormal by any means, as most other currencies, tokens, and assets directly derive their current value from Bitcoin. Ethereum is no exception in this regard, even though this token is doing something very different from the world’s leading cryptocurrency. Even so, it cannot escape the grueling bearish trend which keeps all markets in its grip right now.
Over the past 24 hours, the Ether value has continued to plummet at a somewhat alarming rate. A net 6.423% loss in USD value is present at the time of writing. There is also a 1.8% deficit in ETH/BTC to contend with. As long as Ethereum doesn’t note any gains on Bitcoin, its USD value will not shift in the green either.
A new infographic shared by Datalight is pretty interesting to keep an eye on. Although it has fallen well behind Bitcoin in terms of Twitter activity, it barely remains ahead of XRP. That latter part may prove to be very interesting to keep an eye on. XRP Remains ahead of Ethereum in terms of market cap, primarily because the asset keeps its losses in check, whereas Ethereum is bleeding value all over the place.
Although the following price chart seemingly has nothing to do with Ethereum, the reality is very different. It has become more than apparent the future Ethereum value will heavily hinge on what happens to the BTC/USD ratio in the near future. WhaleTank Crypto seems to indicate there will be further bearish pressure on Bitcoin moving forward, which doesn’t bode well for Ethereum either. An interesting week looms ahead
When looking at the actual Ethereum chart itself, it would appear the current momentum can take the value in either direction. With sufficient liquidity, a breakout shouldn’t be impossible to achieve, but it seems the token cannot regain value on Bitcoin itself right now. Even so, these markets all behave in very odd fashion more often than not, thus no one will know what comes next.
Based on all of these circumstances and developments, it seems unlikely Ethereum’s value will return to $120 anytime soon. At the same time, a drop to $115 or lower isn’t guaranteed either. These markets are extremely volatile first and foremost, which makes them both appealing and somewhat frightening at the same time. One thing working in Etheruem’s favor is the trading volume, yet its market cap continues to lose ground compared to XRP’s. That in itself is another interesting trend to keep an eye on over the coming weeks.