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Cryptocurrencies Price Prediction: Bitcoin & Ripple – Asian Wrap 24 Nov

Cryptocurrencies Price Prediction: Bitcoin & Ripple – Asian Wrap 24 Nov
FXStreet TeamFXStreet TeamFXStreet

Bitcoin investors are growing “euphoric,” a pullback could be nigh and disastrous

Bitcoin is trading closer to the all-time high now more than ever. Extreme speculation, fear, and greed are factors that have crept back to the market. Trading within a whisker of $19,000 has left many wondering just how far this rally can go.

Prominent analyst shorts XRP amid growing euphoria among investors

XRP was one of the few cryptocurrencies not going up despite the bullishness of the market. However, in the past four days, XRP price has exploded by 87%, reaching a high of $0.5544. Big Chonis, a crypto mentor and trader, has just stated that there is a lot of euphoria around XRP, and a short looks good now.

Bitcoin is a better investment vehicle than gold and institutional investors buy it

Besides the fear of missing out, a shift from gold to Bitcoin quickly picks up momentum among corporate investors as they now see it as a better store of value. More corporate investors turn to Bitcoin as Grayscale reports over 1billion added to its cryptocurrency funds in Q3 2020 

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