Tag Archives: bitcoin

Why Bitpay Is Really Charging More for BTC Transactions

Why Bitpay Is Really Charging More for BTC Transactions


BTC Transaction Are Far More Expensive Than BCH

Bitpay has recently been attacked on social media for charging an extra fee for BTC transactions that it doesn’t ask of BCH users. The reality is that the company simply has to cover its operational costs related to the BTC network, whose fees are currently very high again.

Bitpay, the popular payment processor that enables merchants to accept bitcoin cash (BCH) and bitcoin core (BTC), has received flack recently from advocates of the latter cryptocurrency. The company is accused of charging an extra fee on BTC transactions in order to push users to choose BCH. However, Bitpay’s fee structure has not changed; it still charges just 1% to process transactions, and the Network Cost charge they refer to was first introduced back in early 2017. This Network Cost is a charge that helps the processor cover miner fees required for handling the payments. After a user pays an invoice and a miner fee on their side, Bitpay has to pay additional network fees on its side to move all its invoice payments so it can combine them for processing in something called an Unspent Transaction Output (UTXO) sweep.

Bitpay payment flowchart from customer to merchant

Bitpay explains on its support portal that if a Network Cost amount is calculated to be lower than $0.01 and less than 0.05% of the invoice price, the processor does not charge it. Thus BCH payments, which most often are well below this threshold, can appear to be exempt. It is important to note that BTC network fees are orders of magnitude more expensive than those for BCH. For example, at the time of writing, the current median fee for BTC is $2.61, which is over 2,300 times higher than the current median fee BCH of just $0.0011. This means that a payment of $10 with BTC can cost over 26% to handle in a timely manner while with BCH it is virtually 0%. With such big differences, no company accepting on-chain payments that needs to stay in business can be expected to ignore the issue for all possible sizes of transactions.

So Who Is Really Keeping Fees High?

The reason BTC fees are currently as high as they are is that the network is suffering from heavy congestion due to insufficient space to handle all transactions. If you are new to the cryptocurrency community, and are unfamiliar with the whole block-size debate, you might assume this is a problem that will be fixed in time. However, as far as bitcoin core advocates are concerned, this is a feature not a bug. They see high BTC fees as a way to push users on to their Lighting Network and want to eventually make on-chain transactions as rare and as expensive as “chartering an oil tanker.” All this points to bitcoin core advocates attacking Bitpay just for exposing the high fees they themselves are responsible for. This isn’t the first time they have targeted the leading payment processor due to its support of BCH, putting politics ahead of users’ best interests.

Article Produced By
Avi Mizrahi

Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong.


Thomas ClaimCo.in

Bitcoin Recovers From 2-Week Low But Price Outlook Remains Bearish

Bitcoin Recovers From 2-Week Low But Price Outlook Remains Bearish


Bitcoin’s (BTC) ongoing corrective bounce could be short-lived,


  • Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows.
  • Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000 over the next few days.
  • The hourly chart indicates the ongoing recovery may be extended to $8,000 before a potential slide toward $7,000.
  • A UTC close above the 10-day price average at $8,383 is needed to invalidate the short-term bearish setup.

Bitcoin’s (BTC) ongoing corrective bounce could be short-lived, as the charts are signaling a short-term bullish-to-bearish trend change. The premiere cryptocurrency is currently trading at $7,822 on Bitstamp – up almost $400 from the low of $7,432 hit yesterday. However, Tuesday’s UTC close below the 30-day moving average (MA) may embolden sellers, putting the sustainability of the gains in doubt.

The 30-day MA has served as strong support throughout the rally from early February lows near $3,500 to the recent high of $9,097. Essentially, BTC created multiple bullish higher lows along that line over the last four months, as discussed yesterday. Now, the short-term outlook has turned bearish with the first UTC close below the average since Feb. 8. Other widely-tracked technical indicators are also signaling a trend change in favor of the bears.

Daily chart

The 14-day relative strength index (RSI) has dived out of the rising trendline representing a rally from December lows near $3,100, and is now teasing a drop into a bearish territory with a reading below 50.00. Further, the 5- and 10-day moving averages have produced a bearish crossover. The Chaikin money flow index – which takes into account both the price and trading volumes – is losing altitude, a sign of weakening buying pressure.

The price action seen at press time also indicates that the tide has turned, with BTC struggling to register big gains above the 30-day MA, currently at $7,772. That BTC is revisiting the 30-day MA hurdle is not surprising, as markets tend to crowd out weak hands (buyers in this case) before falling on price breakdowns/breakouts. Overall, the cryptocurrency looks set to test the psychological support of $7,000 over the next few days.

3-day chart

On the 3-day chart, the RSI has rolled over from overbought levels above 70, signaling scope for deeper correction. The indicator diverged in favor of the bears (lower highs) earlier this week. The Chaikin money flow index is also beginning to lose altitude on this time-frame. Thus, BTC risks falling to the 200-candle MA, currently flatlined at $7,211.

Hourly chart

The hourly chart tells a slightly different story, reporting a bullish divergence (higher lows) of the RSI. So BTC may extend its recovery to $8,000, before a potential slide toward $7,000, as suggested by the daily and 3-day charts. The short-term bias will remain bearish as long as prices are held below the 10-day MA, currently at $8,383.The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.

Article Produced By
Omkar Godbole

Omkar Godbole is the market reporter for CoinDesk, the global leader in blockchain news, where he produces technical chart-based price updates on Bitcoin and other alternative currencies.


Thomas ClaimCo.in

Securities And Exchange Commission Releases Decision On Bitcoin ETFs

Securities And Exchange Commission Releases Decision On Bitcoin ETFs


.Bitcoin (BTC) has jumped back to the $8,000 mark,

bringing enthusiasm to the crypto community members. The recent rise in prices is bringing back the feeling of a potential bull run in the market, with many claiming prices may not return to the lows we saw at the beginning of 2019. Bitcoin (BTC) is again hitting the headlines in different aspects. Unfortunately, regulators and financial institutions are not seeing the benefits of cryptos just yet. Just a few hours ago, the U.S. Securities and Exchange Commission (SEC) decided to delay (again!) the decision on a bitcoin exchange-traded fund (ETF) proposal. According to a document released by the SEC, the approval or disapproval of Bitcoin ETFs would allow VanEck SolidX Bitcoin Trust to issue and list its shares. This decision has been requested several times by different parties, in an attempt to obtain the so wanted approval. Yet again, the SEC invited people and interested parties to submit comments. The new deadline for the Commission is set for August 19th, and it can be delayed once more for a final deadline of October 18.

Unfortunately, this seems to be the usual decision the SEC takes in regards to approval of Bitcoin ETFs. Every request submitted has been delayed for as long as possible, and then denied. The reasoning behind rejecting one request after the other relies on market manipulation claims, liquidity issues, links to financing of crime and terrorism and other issues. According to Dave Nadig, managing director of ETF.com, the Securities and Exchange Commission could avoid making a decision for as long as they want. Although the SEC is actively seeking information and there are deadlines in place, they can keep on postponing it until finally rejecting it. It wasn’t all bad news though. As Nadig explained during his interview to CNBC, as the cryptomarket matures, regulators will get

more comfortable.

We’re at least a quarter out… and I think there’s still a reasonable chance for this year.

Regulators have been concerned with digital assets from the moment they represented a risk to financial stability, and yet they claim cryptos are also a relatively small size market, which could be why they refuse to approve an ETF. Perhaps 2019 will be the year for a Bitcoin ETF approval, although only time will tell. Stability in the market and defined regulations will play an essential role in order for this to happen.

Article Produced By


Thomas ClaimCo.in

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency

Payment platforms are being designed for the new kid in town. Bitcoin payroll could very likely become a thing at a business near you.


Every day, there is fresh and exciting news in the world of bitcoin.

Just this week, communications giant AT&T announced that it will accept payments in bitcoin. Bitcoin is proving to investors and consumers alike that it is a legitimate store of value. Last year, many were predicting the cryptocurrency’s end. However, bitcoin has staying power and has doubled in price in 2019. With a growing number of corporations accepting bitcoin, many people are looking to their paycheck. Read on to learn more about bitcoin payroll. Explore how to get your paycheck in the popular digital currency.

Why Should Businesses Investigate Bitcoin Payroll?

The world’s younger generations are looking for a currency change. They have little experience with commodities like gold or silver. Many millennials are too young to remember when the U.S. dollar’s value was tied to gold. Also, millennials are skeptical about government currencies due to debt and manipulation fears. As a result, half of all millennials are interested in using cryptocurrencies like bitcoin. Of this group, over one-third prefers to use bitcoin over the U.S. dollar. Therefore, many companies are looking to attract talented millennials by paying in bitcoin. The question for employees is how to receive a paycheck in digital currency.

Does Your Company Already Offer Bitcoin Payments?

The first action is to find out whether your employer already pays people with digital currency. Some companies use services like https://www.paystubcreator.net/ to generate paystubs when they pay out in bitcoin. If they do not pay in digital currency, don’t be afraid to ask whether it is in their future plans. With bitcoin’s growing popularity, there is a good chance that they are moving in that direction.

What Options Are Available for Bitcoin Payment?

There are a few different options available to employers to process paychecks in cryptocurrency if they opt to implement a bitcoin payroll system and make payments in that currency. However, it is not likely that all a company’s employees are on board with that plan. Another option is to make payments in traditional currencies. Then, companies can provide employees with a mechanism to convert their cash to a digital currency. Finally, your employer can opt to take a combination approach. Typically, this means combining traditional payroll services with partial payments in bitcoin.

What Are Some Concerns Your Employer May Have?

Digital currencies fluctuate in value on a daily basis. If there is a significant price drop, your employer may run afoul of state and federal minimum wage laws. Another concern is that each company must follow standard accounting practices for tax purposes. Your company’s accounting team may not know enough to comply with cryptocurrency laws. For example, the government may treat bitcoin transactions as investments instead of traditional payroll.

Wrapping It Up

The world is quickly adjusting to the bitcoin craze. It does appear that employers can keep up with customer demand for digital currencies. Your best course of action is to ask your company’s Human Resources department for more information. Perhaps they already pay out in bitcoin or have alternate options. If you enjoyed this article about bitcoin payroll, check out our blog for other great content.

Article Produced By

Owner, Editor, and lead writer for Cryptorials. Cryptocurrency writer and trader since 2014.


Thomas ClaimCo.in

Bitcoin continues to climb higher and is currently trading for just shy of 9000

Bitcoin continues to climb higher and is currently trading for just shy of $9,000.


Rising Faster and Bolder Than the Sun

The currency continues to impress us all with its recent string of price gains, which began in early April of 2019. At that time, the currency rose beyond the $5,000 mark, something many traders and enthusiasts thought they’d never see again. That means that at press time, it has nearly tripled its value in just two months from where it was in March.

2019 has certainly proven to be a solid year for the digital asset. Following consistent price drops in 2018 that saw the currency hitting the $3,500 mark in late November, bitcoin had ultimately lost more than 70 percent of its value since striking its all-time high of nearly $20,000 in December of 2017. Many crypto traders saw all their stashes disappear within 11 months; it was an ugly sight, and one that many believed would never be remedied.

However, things have ultimately turned around in 2019, with the currency striking a position that it hasn’t held in more than a year. The last time bitcoin even came close to $9,000 was during the summer months of 2018, and the last time it saw the $9,000 range was in February of that year. Despite all the good news, however, some analysts seem incapable of making up their minds regarding where bitcoin is likely to go in the coming weeks. One crypto blogger, Kevin Godbold, thinks a dead cat bounce is inevitable, and suggests that bitcoin could potentially take a nosedive sooner than we might anticipate.

He comments:

The buying probably caused the share price to move up. A little at first, but seeing the movement, others maybe started saying, ‘Bitcoin’s moving,’ and more buying happened. Because of that, bitcoin went higher, and the higher it went, the more the momentum speculators piled in. The more they piled in, the higher bitcoin moved. I think that description is the essence of what causes a dead cat bounce. Nothing has changed in the case for or against bitcoin, but speculation happened.

At the same time, another source claims that the bitcoin technical charts currently show the digital asset preparing itself to reach $10,000 in the coming weeks, virtually the opposite of what Godbold suggests.

Bitcoin’s Prospects Are Solid in the Distant Future

A recent panel of cryptocurrency experts – assembled by the finance firm Finder – predict that by December 2019, bitcoin will be trading for well over $9,600. This is good in the sense that bitcoin will spike further, but it’s a little disappointing that fewer rises will seemingly take place over the following seven months. At the same time, the panel also believes that the $20,000 mark hit in December 2017 will be surpassed at some point in the future.

Article Produced By
Nick Marinoff


Thomas ClaimCo.in

Bittorrent Files System BTFSTo Be Launched on 30th May

Bittorrent Files System (BTFS)To Be Launched on 30th May

The market saw an unprecedented growth of Bitcoin,

where BTC value reached around $8700 and it is seen as the BTC will cross $10,000 mark very soon. With this BTC rise, all the exchanges and coins are gearing up to face the upcoming Bullish market.

The founder of Tron,  ‘Justin sun’, announced on his social media blog that BitTorrent file system(BTFS) will be launched on 30th May (PDT). According to him,  BTFS will be the largest P2P storage network with close to 100 million BitTorrent user nodes, 1000 TRON full nodes, 27 SR nodes, and global TronGrid nodes. Also, BTFS is the first scalable decentralized storage system Let me tell you, TRON is a blockchain-based decentralized protocol. It aims to built a worldwide free content entertainment system with the blockchain and distributed storage technology.

A few days ago, Justin sun has also announced the launch of BitTorrent token on Tron Ecosystem in Q2. BitTorrent, which allows a content creator to connect with the audience, and to earn and spend money without a mediator. By having BitTorrent, 100’s of millions of users will experience the Tron Ecosystem. The Tron and BitTorrent are coming up with new features, functions, and service for users to be ready for the upcoming bullish market. As of today, BitTorrent was ranked 31st and saw a 19.42% growth, the price was $0.001627 with a market cap of  $345,154,577. The 24-hr volume at $400,501,966. The circulating supply is  212,116,500,000 BTT and total supply 990,000,000,000 BTT.

Article Produced By
Nidhi Kolhapur

Nidhi is a passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.


Thomas ClaimCo.in

Bitcoin Payments: ATampT Customers Can Now Pay their Bill in Bitcoin

Bitcoin Payments: AT&T Customers Can Now Pay their Bill in Bitcoin

              Bitcoin Payments

Mainstream adoption of cryptocurrency is slowly growing

with the latest development being from AT&T Inc. (NYSE:T) which has indicated that from today they will be accepting bitcoin payments as an option of paying for mobile bills.

AT&T customers to pay bills in crypto

AT&T is the first major telecom company in the US to provide the option of paying in crypto. AT&T’s Communication Business Operations VP Kevin McDorman stated that the company is always looking for opportunities for improving and expanding its services. He added that cryptocurrency has become popular nowadays and some customers use it and thus the company is glad to provide them with a payment option of their preference for their bills.

Customers will be allowed to make their mobile bill payments through BitPay in the myAT&T app or by login to the online account. The company has not specified whether the bitcoin payments can be used to pay for purchases of phones and accessories in AT&T stores. BitPay will be processing the crypto payments and then give AT&T a conventional currency.

Although the adoption of cryptocurrency is a significant step, for Joe McCann Passport Capitals’ former hedge fund manager, the move may have come maybe as a result of the company having internal data that shows that more people are using Bitcoin payments nowadays. He added that AT&T did not have an upside to support Bitcoin payments.

Mainstream Bitcoin payment growing

BitPay’s Chief Commercial Officer, Sonny Singh lauded the move by AT&T and the job they have done to make it happen. He added that more companies will soon start the following suit because the adoption of crypto payment by such a big telecom company will motivate competitors to consider joining the trend as most companies are eager to learn.

AT&T follows other major corporation in the US that Accept bitcoin payments such as Subway, Expedia, Overstock, Microsoft, and Shopify. Most recently Whole Foods and a number of retailers began accepting bitcoin payments through third-party partnership.

Article Produced By
Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI. Currently, he serves as a financial consultant and technical analyst at Tradersinsights.com.


Thomas ClaimCo.in

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences


The crypto market is going through a period of massive recovery

in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction. At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months. While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC during bull runs is not something that goes unnoticed — or unpunished.

Altcoins outperforming BTC

1. Bitcoin Cash (BCH)

Out of all the coins in the Bitcoin family, BCH has been one of the best performers ever since April 1st. It even managed to outperform BTC by nearly 25% during this time, which may come as a surprise, considering that this was a project whose update caused a second market crash back in November 2018.

However, this event, which also gave birth to Bitcoin SV (BSV) might be the very reason why BCH is outperforming BTC. Or, rather, BSV itself might be the reason. While BCH has been doing better than BTC, BSV has been outperforming BCH. In other words, the rivalry between the two, rather than the desire to get in line with Bitcoin, might be what fuels Bitcoin Cash’s great performance.

2. BitTorrent (BTT)

BitTorrent has been one of the best performers for a while now. The coin launched on January 28th on Binance Launchpad, and developed within the TRON ecosystem is still growing rapidly. In fact, it is rising through the ranks faster than any other cryptocurrency. Only a week ago, the coin was sitting at 40th spot, while it currently sits at 34th, and is threatening to fulfill Justin Sun’s promise of climbing up to top 20 in less than a month. At the time of writing, the coin’s price is at $0.001317, with 28.71% growth against the USD in the last 24 hours, and 24.07% growth against BTC during the same period.

3. Chainlink (LINK)

Finally, there is Chainlink (LINK), which is currently 26th largest cryptocurrency by market cap. The coin currently has a price of $1.13, with 12.58% growth against the USD in the last 24 hours, as well as 11.65% growth against Bitcoin. The project is seeing a lot of hype due to the fact that its MainNet is expected to see a launch in less than ten days, on May 30th.

The MainNet will allow the coin to migrate to its own network, and create its own ecosystem, which is always followed by the celebration from the community, and hype regarding the project. Whether or not the launch and following token migration will go as planned still remains to be seen. For now, however, this is one of the top performing tokens in the market.

Article Produced By
Ali Raza

A freelance journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali's work has been published on a number of cryptocurrency publications.


Thomas ClaimCo.in

Monfex’s Analyst offers more support for a Bitcoin bull market

Monfex’s Analyst offers more support for a Bitcoin bull market



According to its TradingView profile,

trading platform Monfex is echoing the general market sentiment by offering a strong buy signal for Bitcoin. Bitcoin is currently just below $8k USD, down from a 30 day high of $8,300 USD on May 16, 2019.

Bitcoin finally seeing daylight

These numbers follow an extended bear market for Bitcoin. This pattern included a nearly five month trough, where BTC struggled to stay above $3,000 USD. 2018’s dismal cryptocurrency market followed an extended period of exceptional growth for cryptocurrency. Led by Bitcoin, cryptocurrency saw unprecedented prices and industry expansion. While prices decreased over 2018, overall industry growth showed no signs of slowing.

Therefore, for dedicated cryptocurrency enthusiasts and investors, recent upward momentum in the charts is merely a sign of technological advancement and increased traditional market visibility. However, this upward price momentum continues to elicit excitement and anticipation amongst the most seasoned cryptocurrency traders. Will it is particularly good news for those with a specific stake in Bitcoin, trends within BTC and ETH have historically led the entire digital currency market.

The numbers don’t lie

Monfex analysis signals a strong buy based on careful technical analysis. Their TradingView profile includes analysis of these predictions. One post in particular outlines a long view trading strategy based on a combination of technical and market factors. One of the first things Monfex notes is that Bitcoin is currently overvalued as a short-term investment. This is based on a significant deviation from its mean value. Mean value is calculated based on a 20-day moving average and a linear regression channel. According to these indicators, Bitcoin should be valued between $7,000 and $7,500 USD. It currently sits at about $7,990. This price is $400 below the May 16 high, but also $400 above the central tendency.

A more recent Monfex post offered an updated point of view. Rather than predicting a slight correction, analysts instead suggested several weeks of flat charts through the end of May. Following this pseudo-correction, strong upward movement to the next plateau is expected. According to Monfex analysts, traders should buy in at $7,400. At this price, they should not anticipate another strong resistance level until about $11,500. This resistance level is a good time to sell. Monfex uses this price as a Take-Profit marker.

Opposing opinions

Other outlets express continued concern over Bitcoin’s viability as a long-term trading option. The primary challenge many analysts see for Bitcoin is its inability to move beyond an investment opportunity into the world of payments. Other experts disagree with this point of view. Even cryptocurrency entrepreneur and visionary Tyler Winklevoss has no qualms comparing Bitcoin to gold in terms of its investment potential.

Tom Lee and Tim Draper both share similarly maximalist opinions, regardless of the state of Bitcoin’s widespread use case. Lee offers 13 key indicators that the bottom of the current cycle is over and the time to buy is now. Venture capitalist and fiat market expert Tim Draper shares similar views, and an even higher Bitcoin price prediction. JPMorgan, however, warns that a continued bear market is not out of the realm of possibility. Noting eerie similarities to the 2017 bull run on Bitcoin, JPMorgan Chase analysts express concern over its unexpected April performance.

Bitcoin prices surged 100 percent, driving the token out of an extended through that lasted over 5 months. The recent surge is likely the result of multiple factors, including international trade relations, particularly between the U.S. and China. Other considerations could be the Consensus conference, particularly its depiction of a cryptocurrency climate evolving toward increased legitimacy. Bitcoin prices were last above intrinsic value during the height of the 2017 bull run. The comparisons between 2017 and today are not without merit. At around 10 percent, current overpricing cannot be considered moderate.

Why trust Monfex?

Built on Bitcoin and simplicity, the Monfex trading platform is a fresh take on cryptocurrency trading. Appropriate for seasoned traders and beginners alike, Monfex provides an easy to navigate, easy to use platform. For those looking for specific key features in a trading site, Monfex provides the following:

  • Bitcoin funded
  • Leverage up to 50 times
  • Traded against USD
  • Currently 12 cryptocurrencies
  • Low minimum trade size
  • No withdrawal fees/low trading fees (spreads and commissions)
  • Cold wallet storage

Proceed with caution

As always, caution should remain at the forefront of any cryptocurrency investment. With just over a decade of history to work from, even the most experienced and savvy of analysts runs the risk of a big mistake. In fact, due to the wide variance in opinions expressed by traders and analysts alike across both fiat and cryptocurrency, the reality is that at least one viewpoint is bound to be very wrong.

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.


Thomas ClaimCo.in

XRP Likely to Outperform Bitcoin There are 50x More in Circulation Than BTC

XRP Likely to Outperform Bitcoin, There are 50x More in Circulation Than BTC.

Bitcoin has been the King of cryptocurrency

since it started trading from a few dollars to now thousands of dollars. Experts who have done comprehensive forecast on the performance of all the digital assets believe Ripple XRP will be the future crypto king, outperforming Bitcoin. Craig Cole of CryptoMaps is one of the experts who believe that Ripple XRP will set the stage for cryptocurrency institutional adoption.

How Would XRP Out Perform Bitcoin

Ripple XRP acceptance by banks and other financial institutions will trigger off cryptocurrency institutional adoption. Ripple has brought in innovations into the financial industry via blockchain technology by helping financial institutions save money and maximize profit. The use of digital currency is on the rise and XRP is likely to be the base token for transfers and exchanges. If this happens, XRP will likely reach Bitcoin level or even surpass it.There Are More 50x More XRP in Circulation Than BTCXRP out numbers BTC in existence, like fifty times more than BTC. Though XRP is in drops and BTC in Satoshi, there will be more demand for XRP which will increase its value.

About 59 billion XRP is in escrow, excluding that, will be about twenty times more drops of XRP than Satoshi. These drops have the possibility of appreciating in value depending on the demand. Currently, XRP market performance has improved more than it was a couple of months ago. It has now gone up at 20% since the beginning of the year. The reported volume in the last twenty-four hours at the time of writing is $919m, trading over 22% at a current price of $0.30 and $0.34. XRP investors had been so discouraged by its performance a few months ago, even when BTC picked up, XRP price was still not encouraging. Now XRP is soaring high even at the time when other altcoins are struggling. The market performance is expected to get better, mostly now that Ripple has put some touch on all the features on its platform.

Article Produced By
Judith Riseshine

Hi I am a crypto writer, blockchain enthusiast, financial and travel blogger. Though a finance professional, crypto and blockchain are now my specialty. I write to inform you of what is happening in the crypto space and how the blockchain technology is changing the world. Besides writing, I am a digital marketer, promoting ICOs and other products.


Thomas ClaimCo.in