Mike Novogratz at the 2019
Ethereal Summit stated that Bitcoin would not change the world by itself by
being a store of value. He opined that
the use case for Bitcoin “was finished.”
When talking about the Altcoins,
he stated, “There’s no one building anything on the Litecoin blockchain.”
However, in the past, Novogratz had glorified selling Litecoin and had called
it a testnet for Bitcoin. He stated that
several Altcoins would succeed with their unique use cases. He previously predicted that Bitcoin would
hit on the $20,000 in the forthcoming 18 months.
For a short period Bitcoin
hovered beyond the $8,000 on May 14, 2019.
The price of XRP has been up by
17%. The price tested the yearly highs
above $0.3700 touching at $0.378. While several cryptocurrencies have been
trading for more than 100% ever since the beginning of the year, XRP has been
in the red. The support and resistance
level has been hovering at around $0.30-$0.31.
The total market capitalization of XRP climbed above $15 billion
sustaining the third place in the market.
Borse Stuttguard has listed
Litecoin ETN and XRP. The ETN can be
used by the traders to bet on XRP and LTC. The ETN has been made available in
the exchange from May 13, 2019.
Swiss-based exchange as well launched the ETP based on the XRP.
ETNs are unsecured debt
securities, which are a lot like ETFs traded on stock exchanges. Such products permit investors to gain
exposure to asset classes. Thus
investors will be exposed to cryptocurrencies without having to purchase them
The increase in the price of Litecoin is at par with that of other coins, which has been trading around 90$. Several other Altcoins have been rising by 6.02% on a daily scale. Litecoin has a market cap of $5.63 billion and continues to be on the bullish course along with Bitcoin.
The bull run of Bitcoin has
triggered the rise of XRP as well. XRP
has been trading in smaller ranges of $0.30 for quite some time now. Considering past highs, there is tremendous
room for the growth of XRP and the last alt-season was in reality triggered by
XRP. The XRP price is trying to catch up with the positive momentum of Bitcoin.
However, when discussing the
speed of Bitcoin one of the tweets read:
“When I post about
I get shilled that it’s slow compared to ripple or bcash or whatever crap. Yes,
I can use a Google Spreadsheet, and it’ll be faster than bitcoin too, but