Ran NeuNer, the host of CNBC’s crypto traders is positive that the Stock Market plunge will boost the trading volumes of Bitcoin, Ethereum and other altcoins. He is of the opinion that the stock crisis will spur find managers to shift focus to Bitcoin as the huge Christmas season market volumes of about $20 billion prove that.
Expressing his sentiments through his Twitter handle, Ran NeuNer said;
“This correction in the stock markets should bode well for BTC. At some stage fund managers look for creative places to get returns outside of equities,bonds & Gold which has had little response. Given the massive correction we had it could make BTC look cheap & attractive to them.”
At the flip side, it’s also a positive trail for top altcoins, the listing of XRP as its base asset by Binance and two more cryptocurrency exchanges, Australia’s BTCEXA and India’s COINDCX. Both platforms announced that they want to expand the number of tokens paired with XRP.
Announcing on their official handle, BTCEXA wrote;
“We are pleased to announce that XRP has been listed as a base pair on BTCEXA! The trading pairs available at launch are XLM/XRP & ADA/XRP.”
“We are glad to announce that today (at 1630 IST) we are adding a new XRP market!”
For Ethereum mainnet, the Raiden Network’s Alpha solution was deployed to increase Ethereum’s scalability and security.
“With Red Eyes, the first version of the Raiden Network has been successfully deployed on the Ethereum mainnet. The main goal of this release is to have the smart contracts and the core protocol battle tested on the mainnet. As part of ensuring this, a bug bounty was created specifically for the release. Find out more about the bug bounty here.”
EOS also is now available on Travala a platform that lets users book more than half a million hotels using several of tokens like Bitcoin, XRP, Ethereum and Litecoin.
Ellipal wallet now supports Stellar (XLM), the wallet was created to act as a ledger in a smartphone.
Just Six months after it’s a departure from the Ethereum network, Tron recorded huge success as it is now an Ethereum competitor. Now with more than one million users addresses the platform plans to become the leading ecosystem for blockchain building decentralized applications.