Weiss Ratings made an analysis, and their recommendation is reachable by a specific number of people or closed groups. A week ago, during that ‘tolerating’ market, it was predicted that a possible 10X price rise of some of the coins would happen. It was an unexpected tweet of the team behind NEO, IOTA and XRP where they mentioned Cardano (ADA).
If you believe #crypto market will return to its former glory, the benchmark for a 10X gain, is a 90% retracement. As of today, here are a few of top-25 coins that are at or above a 90% pullback: #IOTA = 90%#NEO = 91%#XRP = 93%#ADA = 96%
These are absolute steals right now!— Weiss Ratings (@WeissRatings) September 17, 2018
It all started with a tweet
In the tweet, they said that the market would make its way back to its previous glory, the 10X gain, which was about 90% retracement. Above the 90% pullback, we can find ADA, with 96%, XRP, with 93%, IOTA, with 90% and NEO, with 91%.
ADA vs. US Dollar: we’re talking $0.0923
After Stellar’s performance from the past few weeks, when talking about ADA and the US Dollar, we’re talking about 12.49% only in the last 24 hours. The trading value is at $0.0923, and the market cap is worth of $2.3 Billion. If these numbers are kept like this, soon it’s possible that the pair ADA/USD will get over the major $0.1000.
PNC Bank to embrace Ripple?
This happy situation has its impact over the crypto-verse, of course. In a tweet, Justin Sun said that the last flow of XRP in the market happened due to the fact that the PNC Bank recognized the protocol of Ripple. This actually came as a sign of the financial institutions wanting to accept the blockchain. He also reminded the people how Bill Clinton keynoted Swell in 2018 and how this whole blockchain thing is going mainstream. He said proudly that he was Ripple’s China Chief representant from 2014 to 2016 and that he is, too, an investor of Ripple and that he believes that every financial institution will soon accept blockchain.
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