12/31/17 Market Review 2018-04-28T21:19:41+00:00

12/31/17 Market Review

Project Description

A collection of notes about what happened over the last three days in the crypto and ICO world. I find it useful for anyone wanting to keep its finger on the market’s pulse for this last report of 2017.

This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

Thursday

XRB gained 67% in just two days, reflecting the market’s interest in promising cryptos labeled as fast, feeless and minerless (FFM).

Like MIOTA and GBYTE, XRB is exploring alternative ways to engineering crypto economic networks — that is, other then blockchains.

Friday

XRP continues its meteoric rise as Japanese groups agree to use it. For a moment, XRP becomes the second largest market cap.

XRP aims at replacing leading fiats such as the dollar or the euro as a bridge currency for international settlements.

While $3–5 trillion in daily FX trades makes for an attractive market, XRP remains one of the most polarizing cryptos out there.

Those in favor, refer to RippleNet’s impressive list of partners, media coverage, high profile hires, the stated love by a few big Hedge Funds and its eminent listing on Coinbase.

Those against, denounce RippleLab’s large token holding, the likely dilution that will follow, question the nature and practicality of the partnerships and the negative impact on valuation of its expected velocity.

Saturday

ADA jumped 54.07% as of writing, most of the trading occurring on Bittrex and Binance. There was no announcement that could be linked to the surge.

ADA has a few strong thing for it. Layered technology, provably secured POS, governance model, treasury and overall academically peer-reviewed code.

Beyond the hype, it’s important to note that ADA is only at its early stages of development.

Food for thoughts

Back to the XRP craze, with its float mostly held by crypto funds distributing early Q1, there is a strong incentive to pump one last time to lock in carry.

Happy new year!

#XRP #XRB #ADA #Altcoins #Cryptocurrencies

Last report of 2017!

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

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