Wall Street Titan Calls Historic Bitcoin Bull Run, Plus Ripple and XRP, Ethereum, Tron, EOS, IOTA, VeChain: Crypto …


From Bitcoin’s bull run potential to Ethereum’s incredible community dominance, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Hedge fund titan Mike Novogratz told Financial News he believes a crush of institutional investors will help bring the price of Bitcoin to new all-time highs next year.

“By the end of the first quarter, we will take out $10,000. And after that, we will go back to new highs — to $20,000 or more. There’s going to be a case of institutional FOMO [fear of missing out], just like there was in retail.”

As for the rest of this year, Novogratz says $9,000 is still a possibility.

“Bitcoin has to take out $6,800, and after that we could end the year at $8,800 to $9,000.”

Novogratz is the CEO of Galaxy Digital, the largest crypto fund on Wall Street. The firm invests directly in crypto businesses, from ICOs to infrastructure platforms to wallets and custody solutions.

Ethereum, EOS, IOTA, Cardano

The blockchain data and news site LongHash just compiled a unique and insightful look at which smart contract platform has the largest community, using metrics from Meetup.com.

Ethereum’s community is by far the largest, with more than a million people visiting 4,000 meetups. EOS is next on the list, followed by IOTA and Cardano.

Ripple and XRP

Ripple has released part two of a three part series on why countries should encourage the development of crypto and blockchain technology.

The report is called The Case for Digital Asset Regulation Part 2: Two Regulatory Approaches Driving Innovation in Thailand and Abu Dhabi, and offers real world examples on why Ripple believes government leaders should pass reasonable regulations on digital assets.

Meanwhile, a popular tool that lets people send and receive XRP using Reddit, Twitter and Discord is expanding.

The XRP Tip Bot will soon allow other developers to integrate with the platform, opening the door for a variety of apps that let users transfer value with XRP.

Tron

Tron just dropped its weekly update, covering the latest technical progress, community efforts and decentralized app developments on the network.

VeChain

OceanEx, the newly launched crypto exchange built on VeChain, says it plans to enable withdrawals on November 7th.

The team also announced OceanEx is scheduled to switch from Alpha to Beta later this month.

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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 or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.

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