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Bitcoin Bull and Ripple Critic Says XRP Now Poised for Rally – Plus Ethereum, Stellar (XLM) and Cardano (ADA) Updates

October 31, 2019

From a bullish take on XRP to new adoption for Stellar and Cardano, here’s a look at some of the stories breaking in the world of crypto.

Ripple and XRP

Crypto analyst Joe Saz says despite his skepticism of Ripple and XRP, he thinks the third-largest cryptocurrency appears poised for a rally.

In a new interview with BlockTV, Saz says the Bitcoin and crypto market at large is now in overdrive.

“It’s undeniable that there’s definitely demand for crypto right now. Outside of Bitcoin, inside of Bitcoin – whatever. It doesn’t matter. There’s demand for crypto.”

After putting his bias aside, he says XRP now looks ready for a breakout.

“As much as I’m the first to admit I don’t like the asset, I’m always curious how it’s performing. Because technical analysis is more about understanding the psychology of humans and their buying and selling behaviors…

I’m going to say this is a descending triangle and I don’t think we need to use too much imagination to draw it out. So the potential here is certainly in favor of a breakout. That’s one thing that I really find interesting with XRP is we get descending triangle breakouts, we get ascending triangle breakdowns and this isn’t the first. We’ve had this happen a number of times in the past.”

The crypto market is mostly flashing red at time of publishing, with Bitcoin down 1.58% at $9,168, according to CoinMarketCap. Ethereum is down 2.44% at $184.39 and XRP is down 2.08% at $0.2962.

Ethereum

The popular Ethereum-based wallet MEW has released a major chrome extension update. The new version allows users to browse decentralized apps (DApps) using temporary addresses. The move ensures people won’t accidentally send transactions and lose their funds.

In addition, the extension now has support for “watch-only” wallets, so users can track their balances without having to actually access their wallets.

The new #MEWCX with #dapp support is now available!

If you are already using the MEW extension, please be patient with the rollout – the update is coming!

Unsure what the benefits of a MEW Web3 wallet are? Take a look at our article:https://t.co/afLB9L0x0a

— MyEtherWallet | MEW (@myetherwallet) October 30, 2019

Stellar and Cardano

The blockchain-based hotel booking platform Travala has added support for both Stellar (XLM) and Cardano (ADA).

Users who book rooms with XLM or ADA will get 5% off through November 7th.

A total of 22 crypto assets are now supported on the platform, with 1,654,357 properties available for booking.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.