The cryptocurrency that powers Ripple’s XRP ledger is showing signs it may be consolidating ahead of a boost.
At press time, the XRP-U.S. dollar (XRP/USD) exchange rate seems to be building a base around $0.20-levels. The third largest cryptocurrency by market capitalization has gained 2.56 percent in the last 24 hours.
Elsewhere, Ripple news was quiet, and no major news was observable on its major channels and company forums. But, while week-on-week XRP is trading dead flat, it’s possible traders see opportunity in an upcoming event sponsored by Ripple.
Notably, this month, Ripple is to host “Swell” – an event aimed at bringing the world’s financial leaders together to network and discuss trends and strategies. Swell will go head-to-head with Sibos, Swift’s annual banking and financial conference scheduled for October 16–19 in Toronto, Canada, and bring in speakers including World Wide Web creator Tim Berners-Lee.
After the hard fork on August 1 that produced Bitcoin Cash, many bitcoiners have been waiting for the possibility of a fork taking place this November with the Segwit2x plan. However, a lot of bitcoin proponents don’t know about another fork called “Bitcoin Gold” (BTG) that’s scheduled to take place on October 25th.
Gold bullion (Image: Stevebidmead/Pixabay)
Yes, you read that correctly bitcoin enthusiasts might see another hard fork this October that produces another token called Bitcoin Gold. The project first announced on Bitcointalk.org in July was created by Jack Liao, the founder of Lightning ASIC a mining firm based out of Hong Kong and an anonymous developer named “h4x3.” The forked protocol aims to change bitcoin’s consensus algorithm allowing users to mine the currency with graphic processing units (GPU) among other changes. According to the development team, Bitcoin Gold will use the Equihash algorithm used by the altcoin Zcash rather than bitcoin’s original SHA256.
Bitcoin could hit $6,000 by year-end, experts said
But investors should brace for more volatility as another “fork” could take place
Bitcoin rose more than 74 percent in the third quarter
Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts.
Bitcoin price chart (Image: geralt/Pixabay)
The cryptocurrency was trading around $4,333 on Tuesday.
The third quarter has been one of the most eventful in bitcoin’s history. It is up over 74 percent in the September quarter, with a shifting landscape in regulation and developments in the underlying technology taking place in the last three months.
After a few last minute hitches our work has paid off and the website is finally visible to the public! We hope you like it.
I Love Bitcoin and wording design (Image: Bitcoinula/Wikimedia)
It will change significantly over the next few days – and in fact will continue to evolve over the next few weeks and months – as we improve and adapt it to match our vision of what the site can be. Our aim is to make it the best Bitcoin and cryptocurrency site online for British investors.
I have been trading in Bitcoin for some time but still find that in the UK most people are unaware of it, or at least know nothing about it beyond its name. In other countries, particularly the US, China and Japan, it is increasingly being accepted.
Why is the UK behind? In fact, not just the UK but Europe? I don’t know, but I’ve created this website to give information about Bitcoin to those interested in the UK.
Welcome to the launch of Bitcoin-Investors.co.uk! We’ve been busy behind the scenes for a while and are happy to finally be online. Our aim is to make this the primary place for all things Bitcoin and Cryptocurrency for UK investors.
A graphic of the bitcoin digital currency (Image: Web-dev-chris/Wikimedia)
We’ll be covering Bitcoin and Cryptocurrency news and views, plus reviews of trading and faucet sites, and looking at crypto lending and trading. We look forward to building up a community of like-minded individuals.
The leading Bitcoin and Cryptocurrency site for UK investors
