Cryptocurrencies have emerged as an intricate market, showing an increase in both their returns and volatility indices over the years.
Returns, for the most part, see most of their connectedness increase at high frequencies; thus limiting any lasting shocks across cryptocurrencies to short-term effects and dissipation quickly.
ETH
Cryptocurrencies have seen exponential price gains recently, led by Bitcoin but also including other digital assets like Litecoin and Ethereum which are catching investors’ eye. Each coin utilizes different blockchains which store different forms of information – sensor messages on IOTA; software code on Ethereum; international banking transactions via Ripple etc.
Path-based settlements create a connection between source and destination nodes using a network path that follows exchange offers. An auto-bridging path may even cross multiple exchanges; either using user XRP balances alone, or by including both USD and EUR currencies together on its journey.
The ADA/USD pair has been struggling to move past its 20-day exponential moving average (EMA), signaling low buyer interest. If it falls below its 50-day simple moving average (SMA), the cryptocurrency could fall as low as $0.10. If that occurs, this could complete a rounding bottom pattern and lead to an expensive bear trap; traders should avoid buying cryptocurrency until it sustains above $0.10.
LTC
Litecoin’s price has been moving higher within a bullish channel, providing traders an entry point into long positions on this pair. However, traders must remember that resistance may exist at $98.00.
This year has seen an explosion in cryptocurrency market activity, led by bitcoin but featuring other digital assets as well. Here are a few of the more notable ones:
Ripple offers an alternative payment system. Their blockchain network and XRP token make cross-border payments faster, cheaper, and more secure. Working closely with major financial institutions such as Santander and BBVA to reduce the costs of high-volume but low-value international transactions that banks pay expensive fees to transfer funds internationally is Ripple Labs’ solution; by increasing or decreasing supply they can better control prices while driving adoption of their token.
DSH
Ripple Labs’ blockchain-based digital payment network and protocol offers fast, cheaper and more transparent alternatives to existing transfer systems. Utilizing the crypto token known as XRP for payments and asset exchanges – its similarity to SWIFT has led to its widespread acceptance by financial institutions – Ripple Labs has developed an alternative digital payment network using blockchain technology that is fast, cost effective and transparent compared with current methods.
Contrary to Bitcoin, which is mined, Ripple creates and distributes XRP itself. They have placed 55 billion of the 80 billion tokens into an escrow account from which they can sell 1 billion per month on the secondary market.
XRP has quickly gained prominence among enterprise businesses as an effective payment solution, offering rapid currency conversions and cross-border transactions. Furthermore, the cryptocurrency is widely traded on the open market by both speculators and investors who hope to capitalize on its increasing value; faster processing times and low transaction fees make XRP an attractive investment choice, but its decentralized model and lack of central point of failure has raised security concerns about it.
BCH
Bitcoin prices have seen a steep drop this week for various reasons, such as profit-taking and the start of futures trading. Furthermore, bitcoin issuance will be reduced through halving, which will cut its supply by approximately half.
Ripple provides large financial institutions with a cross-border payments solution for more efficient money exchange. Their technology allows banks to exchange currencies within minutes instead of days. Plus, currency exchange fees are eliminated! Their XRP token facilitates these transactions.
As opposed to bitcoin’s fixed market cap of 21 million coins, Ripple’s XRP does not have a limited supply. However, an increasing portion of total XRP supply has been pre-mined and stored escrow, potentially impacting its price and making trading analysis of this cryptocurrency more challenging. Traders should keep this factor in mind when analyzing XRP prices.
