- Amid another harsh cryptocurrency sell-off today,
Bitcoin (BTC) is down roughly 20.02% month-to-date while
Ripple (XRP) is up 5.48% month-to-date.
- After
XRP flipped
Ethereum (ETH) last week to become the second-largest cryptocurrency by market capitalization, speculation is beginning to build surrounding whether or not it will do the same to
BTC in 2019.
- We believe that one factor driving
XRP's strong November while the rest of the cryptocurrency market is sustaining heavy losses is its centralized nature. Because so many factors of
XRP are controlled by the Ripple Company, investors do not fear the possibility of a hard fork or network division, fears of which have been exacerbated this past week amid the
Bitcoin Cash (BCH) hard fork and hash war.
- Investors may be fleeing to
XRP because they actually believe it is a safer store of value than that of
BTC... is this a trend that could continue?
XRP also benefits from consistently positive news sentiment as global banks continue to join the Ripple Network, the Ripple Company's cross-border payments platform that uses xCurrrent and xRapid. Will this continue to drive a bull market for
XRP?
- Quantamize's AI Machine Learning 3-Day Crypto Signal for
Ripple (XRP) is "Do Not Own" with an accuracy rate of 63.47%.
- Quantamize's AI Machine Learning 3-Day Crypto Signal for
Bitcoin (BTC) is "Do Not Own" with an accuracy rate of 64.60%.
- What do you think about the possibility of
Ripple (XRP) flipping
Bitcoin (BTC) for the spot as the #1 cryptocurrency in 2019? Comment below and let us know what you think, would love to hear everybody's opinion!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.