From a pair of reversals on Bitcoin and XRP to new adoption for Ethereum and ERC20 tokens, here’s a look at some of the stories breaking in the world of crypto.
After it’s dramatic fall in 2018, Weiss Ratings says Bitcoin is now one of the most sound investments in crypto.
#BTC is getting to such low levels that it’s becoming one of the best buying opportunities of the year. As a store of value, #Bitcoin is here to stay. We truly think it’s the least speculative investment a person can make in #crypto right now.
— Weiss Ratings (@WeissRatings) December 11, 2018
The ratings agency, which has provided market research and analysis for consumers and businesses for more than four decades, hasn’t always been so bullish on BTC. Back in January, it gave Bitcoin a C+ rating in its first crypto ratings index.
Ripple and XRP
Ripple is gearing up for 2019, with CEO Brad Garlinghouse set to speak at the Paris Fintech Forum on January 29th.
Meanwhile, the social trading platform eToro is clarifying its stance on XRP. In a recent video, eToro seemed to recommend that traders diversify their portfolios away from XRP, the second largest cryptocurrency by market cap.
After getting an earful from XRP supporters, the company deleted the video, declared its support of XRP, and apologized for any ambiguity in its message.
We would like to use this opportunity to clarify that we always encourage responsible trading and in doing so, diversification may be a rescue wheel in times of market downtrends – this is even more important if one wants to #HODL.