- Amid another harsh cryptocurrency sell-off today,
BTCUSD
is down roughly 20.02% month-to-date while
XRPUSD
is up 5.48% month-to-date.
- After
XRPUSD
flipped
ETHUSD
last week to become the second-largest cryptocurrency by market capitalization, speculation is beginning to build surrounding whether or not it will do the same to
BTCUSD
in 2019.
- We believe that one factor driving
XRPUSD
strong November while the rest of the cryptocurrency market is sustaining heavy losses is its centralized nature. Because so many factors of
XRPUSD
are controlled by the Ripple Company, investors do not fear the possibility of a hard fork or network division, fears of which have been exacerbated this past week amid the
BCHUSD
hard fork and hash war.
- Investors may be fleeing to
XRPUSD
because they actually believe it is a safer store of value than that of
BTCUSD
... is this a trend that could continue?
-
XRPUSD
also benefits from consistently positive news sentiment as global banks continue to join the Ripple Network, the Ripple Company's cross-border payments platform that uses xCurrrent and xRapid. Will this continue to drive a bull market for
XRPUSD
?
- Quantamize's AI Machine Learning 3-Day Crypto Signal for
XRPUSD
is "Do Not Own" with an accuracy rate of 63.47%.
- Quantamize's AI Machine Learning 3-Day Crypto Signal for
BTCUSD
is "Do Not Own" with an accuracy rate of 64.60%.
- What do you think about the possibility of
XRPUSD
flipping
BTCUSD
for the spot as the #1 cryptocurrency in 2019? Comment below and let us know what you think, would love to hear everybody's opinion!