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This is exciting, BancorX has now launched on the EOS network. BancorX, a EOS dApp, allows you to exchange liquidity between the EOS and Ether networks. In effect you can sell / buy an Ether token directly into a EOS token without using Bitcoin. Take a moment to understand how big this is. Understand the difference between EOS and Ether networks and it'll become clear. What will it do to the price of BNT token? Not sure... except to say you need it to cover exchange fees. And that might be useful for those of us interested in seigniorage between the two networks that normally would have to trade via Bitcoin.
Jesting aside and all that... don't delay on Ripple. And I'll explain why.... I still expect Bitcoin to crash down into 'despair' region. It might not, but there's a lot to suggest it will. However it'll never go below $4800, it would have to drop straight down in one long red candle to touch the long term support line indicated in blue below which has been in the making for the last 10 years.
The explanation:
1) Every time BTC dominance collapses Ripple rockets.
2) I really don't think BTC will collapse slowly, I think actually it'll do it quickly and stay that way for a few days and then volume explodes. So certainly many will be tempted to wait and buy in at new lows. That's great if you can time it, I can't. However I still believe the alt coins will rocket just like Ripple during this time.
3) Regardless of all that, right here right now represents a great time to enter the market.
Looks like the final leg down is happening. Why is this happening on the eve of the Bitcoin Cash fork? I'll get my tin hat....
Last edited by scooterscot; 14 November 2018, 16:40.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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