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Ripple’s SWELL Event Nears as Community Members Give Bullish XRP Price Forecasts

Sato-Xi speech on blockchain adoption in China saw Bitcoin (BTC) grow by 40% in a day (only the third time in its history) pulling along top altcoins with it – most seeing 25%-100% growth in less than 72 hours after the speech. However, one token did not experience the “mini alt-season” (with exception of stablecoins), XRP.

The bullish trend that followed China’s president’s speech did not have an ‘explosive effect’ on the price of XRP as the digital asset oscillated around $0.29 USD, rising barely a percentage or two during the mini all-season.

Well, this is no new trend for investors who have seen the price of XRP dwindle to lows of $0.22 USD since hitting an all-time high price of $3.30 USD in January 2018.

XRP performed poorly against both the dollar and BTC in 2019. Has the price bottomed out?

XRP finally bottomed?

According to crypto trader, Peter Brandt, XRP is breaking out from a diamond pattern which signals a reversal from the long bear momentum in the market. In a series of tweets, Brandt says XRP has finally bottomed out and a break above $0.3801 USD will set the coin towards a trajectory of 50%+ gains.

Peter Brandt stated on Twitter,

If the price, currently at $0.03004 USD, manages to close above the support level at $0.3801, bulls will push the price towards the upper resistance level at $0.4691, Peter wrote on Twitter.

A dawn for XRP at Swell?

The situation on XRP charts is being closely monitored by investors with the Ripple Swell Conference coming up on November 7th and 8th. The highly anticipated conference may see the price move higher with investors expecting positive news from the largest XRP custodians.

One key announcement is the partnership between Ripple and Instimatch, a Switzerland based money market fund, to integrate RippleNET systems and a possible use of XRP to settle the transactions. Instimatch joined R3 Corda earlier in the year and a possible use of XRP is not off the table.

On a question on when the firm is launching on Corda, they responded,

Instimatch might add XRP to its R3 Corda project over SWIFT.

If positive news from the Swell conference pump the price of XRP to the target resistance at $0.50 USD, the coin will have experienced a remarkable feat of 60% returns since the start of October. However, according to one XRP page, investors should manage their expectations towards the conference to avoid disappointment.

Images from Coinmarketcap, Twitter/ @PeterLBrandt, @Instimatch and @XrpCenter

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Author: Lujan Odera

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Bitcoin Mining Difficulty Is Set To Grow 60% Quarterly as BTC Miners Get Bullish

The mining difficulty of the Bitcoin (BTC) network is set to grow at least 60% in the third quarter of the year. Data from Kevin Rooke, a well-known crypto analyst, seems to indicate that the mining difficulty will have expanded a lot when the quarter is over.

Rooke affirmed that the mining difficulty has gone up around 42% per quarter since 2016, but that this time the difficulty will get even higher. According to him, the growth has been big ever since the bear market was ended. The difficulty was already at an all-time high when the last quarter ended, so it is going to reach new highs soon.

In case you are not familiar with how the difficulty of mining is handled, you should know that it goes up when more people are mining and down when miners decide to stop mining. This is done in order that a single BTC block is mined around 10 minutes. The difficulty is adjusted every two weeks.

These recent changes seem to indicate that Bitcoin metrics are getting stronger than they ever were, which can be considered a great sign for the network. The difficulty is just one of the fundamentals that affect how well the network is faring, but most indicators seem to be going along fine.

The hash rate, for instance, is also reaching all time=highs and the prices may not be going up, as the $10,000 USD price range seems to be a strong barrier, but they are certainly holding up pretty well. This puts miners on bullish mode as they believe that prices will go up a lot in the next few months.

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Author: Gabriel Machado

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Fidelity Digital Assets Readies to Onboard 10 More Trading and Blockchain Professionals

Fidelity-Digital-Assets-Is-Ready-To-Hire-10-More-Professionals

The crypto branch of Fidelity Investments, Fidelity Digital Assets, is ready to grow. The company has been reported to be wanting to hire 10 people to its team of blockchain pros. A new job posting indicates that these positions include leadership roles such as vice president, leading software engineer and director.

In case you are not so experienced, don’t give up now, as the company is also hiring software engineers, product designers and people for other technical positions.

It should be noted that the job posting for vice president, for instance, is not really new. It was originally posted back in May but reposted now. The more technical positions, however, are new job posts.

The Jobs

The most high-profile job is “leading solution architect”, which will basically have the rank of vice president and act as the Chief Technology Officer (CTO) of the company, a very important position. The person will need to create the design, architecture and do the maintenance of the new platform. The service has to be done, of course, following Fidelity’s parameters for security, which are high.

According to the job posting, the most ideal candidate for the role is someone who already has experience in developing for public blockchains (especially either BTC or ETH) and that has experience with private platforms as well.

The director of product management is set to be another senior officer. His job will be to create new crypto offerings as well as to work on maintaining the relationship between the company and its partners. Experience with institutional investors, custody and securities trading will be necessary. Another important experience is to have worked with the regulation before or to know it very well.

There is also the job of product designer, which is set to help in the creation of strategies for the business and usability of the platform, as well as design and research.

Developers can apply to be the software engineering lead of the new company. In order to do it, they need to be experts in these three platforms: Ethereum, Corda and Hyperledger Fabric. This is a management position, so the person will be overseeing other developers.

Someone less experienced can apply to be the new blockchain software engineer of the company. Experience working with both BTC and ETH is needed and this person will evaluate projects and determine the ones that will be used for the company, as well as to develop technology focused on the blockchain.

Finally, there are also jobs which are not necessarily directly related to the blockchain technology: associate analyst, senior analyst for trade support, senior software quality engineer, customer service representative and others.

Fidelity Digital Assets was launched this year and it seems that the company has seen plenty of growth so far, as the need to hire more people have presented itself to the company.

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Author: Gabriel Machado