BITCOIN ATTEMPS A REBOUND AND RIPPLE SUFFER A FLASH CRASH

<p><em>Here the main news on criptocurrencies of this week: Bitcoin tempted to reach $9.000, Ripple flash</em><br />
<em>crash, Tron trying to overcome Ethereum and high profits of Coincheck.</em></p>
<p>RIPPLE FLASH CRASH<br />
Last week we have made a prediction, riding the rising wave of the Ripple quotation.<br />
We were right partially because at the beginning of the week the quotation of Ripple had returned<br />
above the coveted threshold of $0,90, fully enjoying the euphoria and the enthusiasm of the<br />
market.<br />
Suddenly, in the middle of the week, this euphoria turned off and Ripple listing within a few minutes<br />
fell to $0,59.<br />
The flash crash that has affected the Ripple has long been discussed by traders who have<br />
accused the so-called ‘whales in the market’ and their impressive sales orders. It seems that<br />
investors with a large availability of XRP have sold everything and have decided to do it on the<br />
same day. As it collapsed, however, Ripple listing rose again, returning to April levels (about<br />
$0,70).<br />
We are convinced that, after this flash crash, the cryptocurrency will continue to show all its<br />
vulnerability over the next few days.</p>
<p>BITCOIN HIT $9.000<br />
The same fate of the Ripple has not certainly touched the Bitcoin that seemed to be returning to<br />
the spotlight finally finding the momentum needed to move closer to $9,000.<br />
That of Bitcoin and there other cryptocurrencies could be defined as resilience as well, which<br />
surprised even the most skeptical, convinced by now of the decline of this kind of currencies.<br />
Several elements may have contributed to the recovery of the listing and among these there is<br />
certainly the end of the season of taxes in the USA.<br />
For some traders, the price of Bitcoin has now reversed. Its listing could even go as high as<br />
$20.000 as early as mid-2018, while it will not be difficult to see a climb of $25.000 by the end of<br />
the current year.</p>
<p>COINCHECK BEATS TOKYO STOCK EXCHANGE<br />
The number of exchange through which trading cryptocurrencies is constantly growing. Among the<br />
currently most famous exchange stands out Coincheck, a Japanese giant that in January was<br />
however the victim of a massive hacker attack costing approximately 500 million NEM tokens.<br />
Despite this, the cryptocurrency exchange has managed to make the Tokyo Stock Exchange in<br />
difficulty in terms of operating profits.<br />
In the period between April 2017 and January 2018, the platform earned 53,2 billion yen, i.e., 490<br />
million dollars. 500 million yen was the profit of the months of February and March only.<br />
Regardless of what will happen, the performance of the exchange registered before the hacker<br />
attack will certainly not be forgotten by the world of cryptocurrencies.<br />
TRON vs ETHEREUM<br />
Tron, the platform created by Justin Sun where the protagonist is the cryptocurrency Tronix, has<br />
gone into a new phase of development by launching the test of the network of its native platform<br />
last month. Tron has migrated from its ERC20 platform, making a major blow to Ethereum,<br />
considering that Tron has a large user base on his DApps, which will also migrate from Ethereum<br />
to Tron.<br />
Sun himself clarified his plans for Tron as part of the test launch event, during which he stated that<br />
Tron is no longer the ERC20 token, and will compete with Ethereum as a DApp platform in future.<br />
According to Justin Sun, it was precisely the shortcomings of Ethereum that pushed it towards the<br />
development of Tron&amp;#39;s native platform, after using Ethereum in the development of the initial phase<br />
of its cryptocurrency. The blockchain parameters taken into consideration by Sun to develop its<br />
idea were security, transaction costs, scalability, network speed and many others.<br />
Will Tron be able to dominate Ethereum?</p>