Stellar has failed to hit the ground running in the second half of the year. The project has had little to report in terms of development and partnerships. This has been reflected in the price movement which has been largely bearish.
This slump has further had an effect on its overall ranking, seeing Stellar drop out of the top ten ranked cryptocurrencies by market cap. In addition, slow development has seen the project disregarded as a worthy competitor for Ripple’s XRP.
Unlike Stellar, Ripple is having one of its best years in terms of partnerships and positive developments. Most recently, the company went into partnership with the second-largest money transfer company in the world, MoneyGram, seeing it utilize Ripple’s xRapid blockchain product. This is expected to go a long way in the growth of XRP. As we have reported, Ripple is not stopping at that, the company continues to work on strategic partnerships to help grow XRP in usage and price.
Project Development Crucial For Price Growth
In contrast, it’s been months since Stellar went into a strategic partnership that will accelerate its growth. For any project, this is a crucial aspect of ensuring the success of the project.
It further attracts investors and drives prices. In terms of development, there has been a slow down with hardly anything to report for months. This is also a fundamental aspect of ensuring prices rise. Investors are encouraged and motivated to keep holding the digital asset. Also though media exposure, the project can attract more investors.
This lack of engagement by the project has steadily shown in the digital assets decline in the last three months. Stellar has dropped from highs of $0.13 to hit a low of under $0.073 reached during the weekend when the asset went on a freefall.
Stellar has an all-time high of $0.938144 which investors continue looking forward to reaching in the near future. This will continue being unachievable if the project does not ramp up efforts to become a leading cross-border transactions solution worthy of locking heads with Ripple.
McAfee Peeved After News Outlets Twist His Words on Epstein
After releasing an ‘Epstein Didn’t Kill Himself’ token on the McAfee DEX, and posting to Twitter repeatedly concerning the subject, John McAfee now feels that he is being misrepresented in multiple online news publications over his views on the high-profile and controversial death.
It was hard to miss, but as BeInCrypto recently reported, the eccentric network security expert released a unique digital asset (called $WHACKD) to commemorate the fact that, in McAfee’s opinion, ‘Epstein Didn’t Kill Himself.’ The token has been released for free and comes with the unique gimmick in that one in ten transactions get routed to a burn address, or “whacked.”
While this was clearly created as a message, it was hardly the only way Mcafee signaled his view. He also took to Twitter to post a video in which he made his positions very clear:
Only now, it seems as though media outlets are mixing up whether McAfee believes the man was murdered or is in fact still walking this earth. Showing examples of multiple headlines, McAfee has proclaimed his frustration with these oversimplified and frankly conflicting interpretations:
McAfee looks to be asserting that his only message was focused on the ‘didn’t kill himself’ aspect and not what his current condition is now. He even entertains the possibility that Epstein never existed in the first place:
The response from the community was largely supportive and, of course, included a flood of Epstein memes and accusations of bias in the media.
It may be true that some outlets aren’t appreciating the subtlety of McAfee’s message here, and are instead looking for a more sensational headline. That being said, no one who has been watching the situation unfold through Twitter has likely misinterpreted what the cryptocurrency renegade was getting at.
Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – American Wrap – 13 November
Bitcoin technical analysis: BTC/USD price is consolidating outside of bullish flag
Bitcoin price is trading in positive territory, up some 0.50% in the second half of the session.
BTC/USD price action is within consolidation mode, failing to attract commitment.
The bulls must again breakdown and hold above the $9000 price mark for greater upside.
Ethereum technical analysis: ETH/USD and its $15 range will break explosively
Ethereum price is trading marginally in the green, up 0.50% in the session on Wednesday.
ETH/USD has been stuck within narrow trading conditions since October 26.
There remains much in the way of a return to the $200 price mark.
Ripple’s XRP technical analysis: XRP/USD vulnerable to further downside risks
Ripple’s XRP price is trading with the green by some 0.40% in the session on Wednesday.
XRP/USD has bounced off critical daily support for now at $0.2700.
The price is vulnerable to further downside risks following the ascending channel breach.
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Crypto Analyst Flips Bullish on Bitcoin Overnight – BTC, XRP, Ethereum Forecasts
The overall crypto market is a mixed bag today, with BTC, ETH and XRP in the red. Here’s a bird’s-eye view from COIN360 at time of publishing.
Crypto analyst Scott Melker of Texas West Capital says he’s just entered a ‘heavy’ position on Bitcoin after spotting a bullish divergence.
A bullish divergence happens when an asset hits a lower low while an indicator such as the RSI or MACD forms a higher low. Melker stresses the high volatility involved in crypto trading and says he’s managing his risk.
Jim Wyckoff, a former technical analyst for Dow Jones Newswires, has a different take.
He says the bears appear to have taken over for now. He expects BTC to keep moving sideways or trend lower in the short term.
“Prices are trending lower from the October high and the bears have gained the near-term technical advantage, to suggest sideways-to-lower price action in the near term. Stay tuned.”
As for Ethereum, Josh Olszewicz of Brave New Coin says ETH may be targeting a rise to $260 this month.
But in order to do so, it will have to rise above resistance at around $190.
Meanwhile, Eric Choe, who won CME Group’s annual trading competition in 2016, says he remains bullish on XRP, despite its drop-off in 2019.
Back in June, Choe said he placed a big bet on XRP in order to shoot for an early retirement.
Since that investment, the price of XRP has dropped from about $0.4049 to its current price of $0.2719.