From bullish technical analysis on Bitcoin to new adoption for a number of cryptocurrencies including Ether, Stellar and Zcash, here’s a look at some of the stories breaking in the world of crypto.
Crypto trader and analyst Mitoshi Kaku says he wouldn’t be surprised if Bitcoin continues to rise in the short term. Kaku told his 50,000+ following on Twitter “conditions are present” for Bitcoin to shoot to $5,000 in the next 10 days.
I wouldn’t be surprise at ALL, if the price goes straight to $5K in the next 10 days. The conditions are present TA-wise. Obviously that sort of move would need a strong catalyzer, but anything is possible when it comes to price action. $BTC pic.twitter.com/Usdpub8LNj
— Mitoshi Kaku 👨🏻🚀 (@CryptoSays) February 9, 2019
Meanwhile, Fundstrat analyst Tom Lee is highlighting bullish technical analysis posted on Trading View that he says jives with recent analysis at his firm.
CRYPTO: Some TA’s who were bearish in 2019 are becoming incrementally bullish on #BTC $BTC
The one below refers to the 200-week mavg acting as support, something @rsluymer @fundstrat TA also noted as key support for Bitcoin.https://t.co/QOBqcQ83FV
— Thomas Lee (@fundstrat) February 10, 2019
According to fellow Fundstrat strategist Robert Sluymer, Bitcoin needs to break through $4,200 to signal a real turnaround and a potential end to the bear market.
Ripple and XRP
Ripple has released an overview of its recent discussion about the future of digital assets with European Parliament member Eva Kaili.
Kaili says she believes blockchain and cryptocurrency will ultimately have a major impact on the economy, as people and governments get more familiar and comfortable with the technology.
“Recently, I had to send €2,000 to my mother in Greece from my account in Brussels. She needed the money that day and I couldn’t use the bank because it would take three working days. If I could send it to her using RippleNet, she would immediately receive the payment…
By its nature, blockchain technology doesn’t recognize borders. It’s unstoppable. You will be disrupted if you don’t try to understand it. Instead you need to see the potential.”
Opera’s mobile web browser on Android now allows users to purchase Ether (ETH).
The company partnered with the regulated crypto broker Safello to offer the cash-to-crypto service, which is currently available in Sweden.
The second annual Litecoin Summit will take place later this year in Las Vegas. The event will be part of the Vegas Blockchain Week, from October 29 – 31.
Excited to be hosting the 2nd Annual Litecoin Summit as part of WCCVegas Blockchain Week 2019 in October ⚡️ https://t.co/MsE16oQvH3 More details to come soon! @WorldCryptoCon pic.twitter.com/9DqHpVJKZ2
— Litecoin Foundation (@LTCFoundation) February 10, 2019
The Tron Foundation has released its weekly decentralized app (DApp) report, covering the latest progress on the network’s ecosystem.
Stellar, Zcash, TrueUSD, Gemini Dollar, USD Coin, Bitcoin Gold, Paxos and Dai
The Ethereum-based, peer-to-peer crypto lending platform Celsius Network has added support for eight cryptocurrencies: Stellar, Zcash, TrueUSD, Gemini Dollar, USD Coin, Bitcoin Gold, Paxos and Dai.
The app allows investors to earn interest on their deposited crypto.
— Celsius Network (@CelsiusNetwork) February 10, 2019
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.