Ripple Cuts Down its XRP Sales by 73% in Q3; Inflation Rate Lower Than ETH And ETH

  • XRP inflation rate drops, now lower than that of ETH and LTC
  • Ripple customers live with on-demand liquidity (ODL) increased by 75% last quarter
  • Ripple clears FUD: XRP whales weren’t behaving any different than BTC or ETH whales

Ripple delivered on its promise to “take a more conservative approach to XRP sales in Q3” and “substantially” reduce the sales as in its Q3 report the company reported a whopping 73.7% decrease in Q3.

In comparison to Q2’s $251.51 million, in Q3 2019, total XRP sales were just about $66.24 million.

While the goal for programmatic sales for Q3 has been 10 basis points, Ripple ended below that at 8.8 bps. The fact that they pause the programmatic sales altogether contributed to that along with its focus on over-the-counter sales for a few strategic partners.

As such, its inflation rate compared to ETH and LTC dropped while equaled that of Bitcoin.

Now for Q4 as well, the company is planning to maintain a similar approach to Ripple’s XRP sales.

In this quarter, the company released 3 billion XRP but returned 2.30 to escrow.

Market Development

In Q3 the overall market capitalization of digital assets lost 30.4% while XRP price declined 35.4% Q/Q.

The daily volume of XRP decreased as well, going from $429.51 in Q2 to $198.10 million in Q3, however, it was higher than that in Q1 at $156.01 million. XRP volatility took a hit as well, reducing from 5.0% to 3.6%, beating BTC (3.9%) and ETH (4.3%).

Additionally, XRP is now listed on over 140 exchanges worldwide.

Ripple further put light on its partners, stating its customers live with on-demand liquidity (ODL) increased by 75% last quarter while dollar volume on ODL increased over five times than Q2.

Ripple Clears FUD

This time, Ripple addressed the FUD even in its quarterly report, saying last quarter saw an uptick in fear, uncertainty, doubt, and misinformation around XRP.

About the dumping XRP allegations, Ripple said large movements of XRP were actually the transfer between Ripple treasury and escrow management accounts and that XRP whales weren’t behaving any different than BTC or ETH whales.

As for the price manipulation allegations that Ripple “made XRP price fall,” in its defense, the company said it cannot control the price and that “XRP exists independently of Ripple.” It further stated that Ripple is aligned with other XRP stakeholders and is an interested party in its success, so this allegation won’t even make sense.

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Author: AnTy

ELECTRONEUM Price Prediction Today: Daily (ETN) Value Forecast – July 18

Electroneum
  • The ETN/BTC market has been fluctuating around the median and the lower range spots.
  • A bullish correction of the market in against of its 50-day SMA indicator may aide bearish move’s return in the short run.

ETN/BTC Medium-term Trend: Ranging

  • Resistance levels: B0.00000065, B0.0000007, B0.00000075
  • Support levels: B0.00000045, B0.0000004, B0.00000035

The market activities between ELECTRONEUM and the US dollar have been witnessing variant rises and falls around B0.0000006, B0.00000055, and B0.0000005 price levels. The pair hovered around the upper range spot on July 16. But, now, the market has been fluctuating around the median and the lower range spots.

All the trading indicators are in the range lines pointing towards the east. The Bollinger Lower Band and the 50-day SMA are near to the B0.0000005 lower range mark. The Stochastic Oscillators now move in a consolidation mode around range 20.

The ETN/BTC market’s resistance point remains at the B0.0000006 upper range mark. Meanwhile, the B0.0000005 lower range point may suggest an end to more probable upswings of the bulls if eventually broken downward.

ETN/USD Short-term Trend: Ranging

The ETN/USD market has been trading in ranges of B0.00000054 and B0.0000005 points today. As at the time of writing, the crypto’s price is fluctuating around the upper range spot in the short-term run of the market. Yesterday, almost the same range price levels were witnessed.

The 50-day SMA with the Bollinger Upper Band is located at the upper range spot, slightly indicating southward direction of the market. The Stochastic Oscillators have opened the hairs at range 40. And, they briefly point to the north.

The ENT/USD trade may face resistance around B0.00000058 price level. And, that point, the bears could potentially find a decent entry of the market. A bullish correction of the market in against of its 50-day SMA indicator may also be an added advantage to signify a bearish move’s return in the short run.

Electroneum:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

Verge Price Prediction Today: Daily (XVG) Value Forecast – July 10

Latest-Project-Development-Updates-for-Verge-and-the-Ecosystem
  • On the upside, if the lower price range is holding, the bulls will make an upward move to break the EMAs and reach the upper price range.
  • The market is range bound between the levels of $0.00800 and $0.0100.

XVG/USD Medium-term Trend: Ranging

Resistance Levels: $0.0082, $0.0084, $0.0086
Support levels: $0.00780, $0.00760, $0.00860

Yesterday, July 9, the price of the Verge is trading below the 12-day EMA and the 26-day EMA. The crypto’s price is below the EMAs which indicates that price is likely to fall. If price continues its fall, it may reach the previous low of $0.00600 price level. Meanwhile, the market is range bound between the levels of $0.00800 and $0.0100.

The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is still in a sideways trend. Also, the small body candlesticks like the Doji and Spinning tops describe the indecision between the buyers and the sellers about the current market price. Their indecision results in poor price movement.

At the same time, the XVG price is below EMAs which indicates that price is likely to fall. On the upside, if the lower price range is holding, the bulls will make an upward move to break the EMAs and reach the upper price range. Meanwhile, the price of the verge has reached the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.

XVG/USD Short-term Trend: Bearish

On the 1-hour chart, the XVG price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping southward. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA indicating that price may continue its fall. The MACD line and signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

ZILLIQA Price Prediction: Long-term (ZIL) Value Forecast – July 4

Zilliqa-To-Launch-a-New-Blockchain-Incubation-Program
  • ZIL/USD market may enter other near range zones in the upper or lower outer marks.
  • The ZIL/USD market bulls need to break out resistance at $0.0165 price level to affirm bullish potential in the market.

ZIL/USD Medium-term Trend – Ranging

  • Resistance levels: $0.018, $0.019, $0.02
  • Support levels: $0.014, $0.013, $0.012

The current medium-term trend of ZIL/USD market, it’s observed that lower range moving mode has prevailed over lower high. Quite a while, the market has been ranging down under the trend-line of the 50-day SMA trading indicator. The core range zones are seeable around $0.017 and $0.016 price levels.

An outer extension of the upper range mark has found at $0.018 mark, and that also represents the immediate resistance level of the market. In a similar outlook, the lower range line posses an outer mark at $0.015. The Bollinger Upper Band and the 50-day SMA indicator are located around $0.017 mark. The Stochastic Oscillators now consolidate around range 40.

Most of the indicators show that the ZIL/USD market may continue to hover around its current choppy spots. And, there’s the possibility of seeing the market entering other near range zones in the upper or lower outer marks as mentioned above.

ZIL/USD Short-term Trend – Ranging


There have critical range price movements in the short-term trend of the ZIL/USD market today. Initially, the market was falling almost out of the range zones while it touched a low mark at $0.0153 or thereabout. It has slightly rebounded in the range to hover around $0.0165 mark.

The indicators now point to the east. The 50-day SMA indicator is located between the Bollinger Upper and Middle Band trend-lines. The Stochastic Oscillators have closed the hairs below range 80.

The pair appears struggling to push northwards. But, it has to break out resistance at $0.0165 price level to affirm bullish potential in the market. However, a chain of price touches at that point would most of the result in lowering the market value afterward.

Zilliqa:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – June 20

WanChain-Introduces-Universal-Crypto-Adaptor-in-Bridging-Bitcoin-and-Ethereum
  • The $0.40 lower range mark has been assumed to be the defining point to both the north and the south direction of the WAN/USD market as at this point in time.
  • The bulls may eventually find a way of coming back while the bears can’t push the market line below $0.40 mark.

WAN/USD Medium-term Trend: Ranging

  • Resistance levels: $0.50, $0.55, $0.60
  • Support levels: $0.35, $0.30, $0.25

The range moving market between Wanchain and the US dollar still features in the week’s medium-term run. The range zones are found at $0.45 and $0.40 marks. The 50-day SMA indicator has clearly given a clear understanding that the choppy price movements are of that of lower lows and lower highs as they’ve been showing under its sell signal line.

The Bollinger Upper Band and the SMA trading indicators are closely located at the $0.45 upper range spot. The Stochastic Oscillators have slightly crossed hairs within ranges 60 and 40.

Were it be that the market would be experiencing smooth falling run to the south, the $0.40 lower range mark then needs to be broken downward. However, the same lower range spot is expected to be used by the bulls to build their foundational base for energy to surge out of the current range zones of the WAN/USD market.

WAN/USD Short-term Trend: Ranging


The market operations of WAN/USD has been serially rising and falling within a range today. The falling of the pair has only overridden the risings yet around range points of $0.44 and $0.42.

The indicators also fall in line with the range zones to affirm the on-going choppy price movements of the cryptocurrency. The Stochastic Oscillators have gone down towards range 20. And, they now attempt crossing at it.

The WAN/USD market’s bearish force now appears to be getting a reduction as it has been hovering around its short-term lower range point at $0.42. Expectantly, the bulls may soon regain their energy around that point or around $0.40 mark.

Wanchain:

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha