Crypto Report: Bitcoin in Demand; Update on XRP, Ethereum, Litecoin and Tron
January 17th, 2019
Latest updates on cryptocurrency prices and what’s happening in the world of crypto.
At the time of writing, Bitcoin has been trading at $3,630 while being down by 1.15% in the past 24-hours. The dip in price means Bitcoin price volatility has crashed in the last 12 months as the ongoing bear market kills the speculative activities.
Meanwhile, Eric Thies, a cryptocurrency technical analyst says, “Similar to 2015, 2019 may be the year of accumulation.”
The leading cryptocurrency is seeing huge demand as the newly launched Binance exchange Binance.je that offers fiat-to-crypto trading pairs got a backlog of KYC verifications for registration as it received an overwhelming response.
Ethereum is currently trading at $122 with 24-hours loss of close to 3 percent. This week the scheduled Constantinople hard fork got delayed due to the vulnerability found in EIP 1283. For now, the upgrade is not happening this week and would be decided in a meeting to be held on later this week. Meanwhile, 10335 users have upgraded their Parity Ethereum nodes.
Recently, Ripple CTO, David Schwartz took to Twitter to address the rumours of the alleged takeover of the XRP Ledger, “This is amusing. A hostile takeover of the XRP Ledger is not technically possible nor does this plan make economic sense.”
The second largest cryptocurrency has been trading at $0.3273 with 24-hours loss of 1.75% at press time. Adding clients to its growing list, one of xRapid client Mercury FX founder, Alastair Constance praised XRP with, “Using XRP to move your money faster and cheaper is a no-brainer.”
Currently registering over 3 percent loss, Litecoin is sitting at $32. Recently, Ben Askren, former Olympic Wrestler who is making his UFC debut gave a shout out to Litecoin, “Pumped for @LTCFoundation to sponsor me for UFC 235!” Meanwhile, Lite.IM launched Litecoin purchasing on Facebook Messenger, Telegram and SMS.
The 10th largest cryptocurrency by market cap started this year on a positive note with listings on OKCoin and ABCC exchange along with a surge in Dapp activity on its network. Now, Tron Foundation is counting down the hours to launch its niTROn-2019 TRON Summit.
This two-day summit “offers attendees the chance to understand what has happened and learn what’s to come as blockchain levels the online playing field and creates new opportunities for entrepreneurs and investors.”
Meanwhile, at price front, Tron is trading with the 24-hours loss of 2.17 percent at $0.0244.