From the rise of Bitcoin and Ethereum to new support for XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin and Ethereum
The New York-based crypto research firm Delphi Digital says Ethereum is well-positioned to outperform Bitcoin in the next crypto bull run.
In the company’s new report, Entering the Ethereum, researchers point to the heightened volatility that altcoins like Ethereum tend to show when Bitcoin’s price is rising or falling dramatically.
“ETH has also been significantly more volatile than BTC over the last six months. It’s 90-day beta relative to BTC is currently 1.5, substantially higher than its historical average (though price history is limited)…
Comparing ETH’s upside beta to its downside beta, we see ETH has been more volatile on days when BTC returns are negative than days when they are positive for much of the last 18 months. We are, however, beginning to see upside volatility pick up for ETH. Given the extremely high intra-market correlations we previously discussed, this is a trend we are monitoring closely as ETH may be poised to outperform if BTC rallies.”
You can check out the full report here.
Ripple and XRP
Ripple’s chief technology officer David Schwartz will join a fireside chat at SXSW in Austin, Texas on March 14th. The event will cover “cryptography, distributed ledger technology, and how blockchain is changing the foundation of our global economic system.”
Meanwhile, the digital asset XRP is now supported on Trezor’s Model T hardware wallet. You can learn more about the firmware update that enables support for XRP by clicking here.
Trezor announces support for $XRP on the Model T following its latest firmware updates.