Why BTC, ETH and XRP will grow despite Covid-19 recession

[vc_row][vc_column][vc_paragraph text=”The underlying determinants of the further crypto assets’ growth. The crypto market will bloom because there is something special about all cryptocurrencies.“][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”First, digital currencies do not require governmental support or Brrrr to be sustainable. When dollar skyrocketed hitting the developing cryptos and world market, it took the leading coin only about 40 days to recover after the 12th March one-day losses.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”And now the BTC price is getting even higher. This can be due to the upcoming halving that, as experience has shown, contributes to the price growth, or because of the Ethereum 2.0 launch that can provoke ETH bull races.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In addition to this, the number of Ripple partners continue increasing.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”But there is more than that.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”1. Stable coins inflow and possible injections in crypto” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Expectations of the trading community stand behind the Bitcoin recovery and 15%-growth of last week. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Cutting the BTC block reward by two is a great change, and considering the emission shock while preserving constant demand it may cause significant price increase.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”But it is also about the inner qualities of Bitcoin itself that is based on the concept of independence. World is becoming more uncertain, and the opportunities of fiat money are weakening because of central banks’ meddling. Shift to cryptocurrencies can be observed from the inflow of funds in stable coins that has doubled from $4,6 billion to $9 billion.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It seems like institutional traders have all chances to increase their income and make a fortune. Since stable coins act as crypto world agents, the inflow indicates the community’s trust that is the factor stimulating demand, and, as a result, Bitcoin bulls.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The ETH 2.0 network launch that will occur after the genesis block verification in Topaz TestNet represents, without doubt, a source of trust.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If Ethereum succeeds in the network launch it will become the leader of the area of smart contracts.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”At the same time it turns out that ETH is just as decentralized as Bitcoin from the point of Proof-of-Work.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As maximalists often say, ETH is more centralized as BTC, and the ICO is a 70% premine. But let us see how BTC distributive looks of we compare it directly with ETH?”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Bitcoin holders – 10K: 10,54 mln BTC (57,44%)”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”● Ethereum holders – 10k: 57,2 mln ETH (56,70%)”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”So it is obvious that ETH based on individual holders is distributed similarly to BTC. This means that if Topaz TestNet is used as a basis, Ethereum will remain decentralized after the implementation of Proof-of-Stake since there are over 22 000 of approved validators. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”3. Binance, Ripple Foothold in South-Eastern Asia” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Meanwhile, the XRP traders’ calm seem to be over.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Less than two months later after reaching the minimum of 10 cents the prices have doubled up to 21 cents.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Technically, there is a chance that more traders get involved and purchase the coins.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”On the other hand, the unconfirmed messages about Binance that is reported to be using XRPL register for transactions have appeared two years after the first posting.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Anyway, we are on the verge of significant price changes on crypto market, and these projections are supported by real facts.”][/vc_column][/vc_row]

Is it worth investing in crypto today? - image
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Is it worth investing in crypto today?

Cryptocurrency is the youngest asset on the financial market. Until recently, the blockchain technology and cryptocurrency held a strong position ...