From a dire forecast for both Bitcoin and XRP to the Ethereum-EOS-Tron battle for crown of decentralized apps, heres a look at some of the stories breaking in the world of crypto.<\/p>\n
Bitcoin and XRP<\/p>\n
A crypto analysts grave warnings about Bitcoin and XRP are spreading throughout crypto circles and across media outlets like wildfire.<\/p>\n
The trader, known in the industry as Magic, tells his 30,600 followers on Twitter that Bitcoin may trend higher in a short-lived relief rally.<\/p>\n
But after the upswing, Magic believes the confirmation of a head and shoulders pattern, which is used to predict trend reversals, will mark the start of a dramatic reversal.<\/p>\n
I think BTC is going to the 1000 range. It will probably take a while to get there, but based on everything I see right now, I think that is the most likely target. That would be great for crypto too. It would destroy investors and projects, and that's exactly what we need.<\/p>\n
MAGIC (@MagicPoopCannon) November 28, 2019<\/p>\n
Magic says the fallout would create a tidal wave of red throughout the crypto markets and hammer XRP.<\/p>\n
While I love XRP (and I do believe that it is superior to all other cryptocurrencies) if BTC falls to the 1000 range as Im currently anticipating, I think XRP could simultaneously fall to 0.03. I hate to report that, but thats what the charts suggest, if BTC falls to 1000.<\/p>\n
Magic also questions Ripples business model, saying the company would do a better job of boosting XRP if it required customers to use the digital asset for payments.<\/p>\n
On the topic of XRP, it bothers me that Ripple built a business model that can thrive without XRP. They could have forced clients to use ODL for cross-border payments, but clients can benefit from Ripples cross-border solutions without XRP. Common knowledge. I just dont like it.<\/p>\n
Other than that, I am a big fan of Ripple and XRP, and I think they have one of the best projects in the space.<\/p>\n
Meanwhile, new analysis from Bloomberg predicts Bitcoin will reach $8,000 in the short term.<\/p>\n
The analysis is based on the GTI VERA Convergence Divergence indicator, which utilizes typical moving average convergence divergence (MACD) and attempts to identify increased volatility and delete excess noise.<\/p>\n
Ethereum, EOS, Tron<\/p>\n
The dollar value of cryptocurrency flowing through EOS-based decentralized apps (DApps) is ahead of both Ethereum and Tron.<\/p>\n
According to DappReview, $10.9 million worth of EOS moved through DApps on the network in the last 24 hours, compared to $3.1 million worth of TRX and $3 million worth of ETH on their respective networks.<\/p>\n
#DApp Daily Report:<\/p>\n
Volume#EOS 10.9M (4.1M EOS)#ETH 2.6M (16.9K ETH)#TRON 3.1M (191.7M #TRX)<\/p>\n
UserTRON 32.1KEOS 16.3KETH 14.9K<\/p>\n
Top 3 DApps by volume@WhaleExchange (EOS)@WINkorg (TRON)@eosbiggame (EOS) pic.twitter.com\/0gI0sBXt2Y<\/p>\n
DappReview (@dapp_review) November 29, 2019<\/p>\n
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