Most crypto assets have risen

January 31, 2019

Most cryptocurrency assets rose yesterday in price. Bitcoin continued to trade at a key resistance of $ 3,500, Ethereum reached 109, and XRP became the leader of the day, the price of which increased by more than 10% and reached 0.3225.

The Central Bank of South Korea said it would not issue its own digital currency in the near future. After a study of the prospects for the internal emission of its own cryptocurrency, the Korean regulator concluded that in the near future there is no urgent need to carry out such a project. Recently it became known that Iran may present the national cryptocurrency already this week, and the national cryptocurrency of the Marshall Islands will receive physical banknotes. In addition, recently it was reported that Saudi Arabia and the UAE are launching cryptocurrency for banks, and the People’s Bank of China has returned to developing its own digital currency.

Today, the Binance cryptocurrency exchange will start trading BitTorrent tokens. The new asset will be available in pairs against Bitcoin and Tether. At the beginning of the week, a BitTorrent token crowdsale took place, which lasted only 18 minutes and collected 7.2 million dollars. In the middle of 2018, startup Tron bought BitTorrent service for $ 140 million, and half a year later, there was information about plans to start the new BitTorrent Token, which will operate on the basis of the Tron owner platform. Some users are also not from the cooperation of Binance and Tron. Some people call the token a centralized fork Ethereum, which does not carry anything but plagiarism. Meantime, it cannot be rejected that the interest in the new token that is associated with the popular service will be extremely high.

In our forecast for today, we assume a further slight recovery in the cryptomarket. We expect the growth of Bitcoin to the levels of 3550, 3580 and 3620 dollars, the strengthening of Ethereum to the resistances of 112, 115 and 118 and the growth of XRP to the marks of 0.3250, 0.33300 and 0.3350.

Cryptocurrency: XRP

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