From an influential trader’s (Zhao Dong) take on Bitcoin to the popularity contest between Ethereum and Tron, here’s a look at some of the stories breaking in the world of crypto.
Chinese crypto billionaire Zhao Dong says he expects Bitcoin to reach $50,000 in three years. As reported by 8BTC, the prominent Chinese OTC Bitcoin trader took to social media platform Weibo to analyze where BTC may be headed.
In the bull market, I don’t persuade people to buy Bitcoin because it seems easy to make quick money but in fact, it is not. Now I start to talk people into buying Bitcoin.
Those who make truckloads of money do not have a very short-term speculative-driven investment mindset. Perhaps Bitcoin price will continue to drop even lower, and it may fall up to 50%. But it is still worth steadily acquiring coins every time it hits a new low. You possibly see a yield of 100 to 200% in 3 years.
Ripple and XRP
A new episode of The Ripple Drop is out.
In this latest edition, Ripple looks at its development initiative Xpring and talks about XRP liquidity.
Stellar Lumens has reached its highest rank on CoinMarketCap and CoinGecko.
With a market cap of $3 billion, XLM is now the fourth largest cryptocurrency, surpassing Bitcoin Cash, EOS and Litecoin.
Tron and Ethereum
Tron is boasting the most popular decentralized app in all of crypto. Data from DappRadar shows the most popular Tron DApp TRONbet has 1,178 active users.
Meanwhile, Ethereum’s most popular DApp IDEX has 861 active users in the last 24 hours.
The chief technology officer of EOS developer Block.one says he’s planning to create a new cryptocurrency.
On Telegram, Daniel Larimer said the new coin will be “immutable, non-programmable, and limited to a currency role.” Larimer has a long history in the world of crypto, and is the co-founder of the blockchain crypto network Steemit as well as the creator of DAO BitShares.