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market overview: 9.oct.2017 Bitcoin & Ripple

Let’s Fork this thing
The crypto-markets have put up a very impressive weekend indeed. With Bitcoin breaking above $4600 and Ethereum fighting hard to hold at $300.
One of the main reasons for the rally is likely due to the upcoming hard fork in Bitcoin that’s happening on October 25th. Similar to the Bitcoin Cash hard fork, Bitcoin Gold will give everybody who is holding bitcoin something for nothing.
What that something will be remains to be seen. With the Bitcoin Cash hard fork, which created $10 Billion worth of value out of thin air, still fresh in investors minds many are currently shifting their digital assets to take advantage of the new craze.
Please note: This hard fork has nothing to do with the contentious SegWit2x hard fork planned for November.

Ripple Conference

The superstar of growth has been Ripple.
In one week from today Ripple will hold their first-ever annual conference called SWELL. Speaking at the event will be two of the world’s most famous innovators. Tim Berners-Lee is largely known as the inventor of the Internet and Ben Bernanke the father of Quantitative Easing.

XRP has gone from 20 cents per XRP token last Wednesday to 27 cents this morning (blue circle).
Wishing you an amazing week ahead!
This content is provided for information and educational purposes only and should not be considered to be investment advice or recommendation.
The outlook presented is a personal opinion of the analyst and does not represent an official position of eToro.
Past performance is not an indication of future results. All trading involves risk; only risk capital you are prepared to lose.

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