ADVERTISEMENT
NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Bitcoin

Weiss: Bullish Sentiment Since 2017 Shifting from Bitcoin to Ethereum, XRP And Litecoin

Halving Made Bitcoin Less Secure

by Khalid Lawal
May 22, 2020
in Bitcoin, General News, XRP News
0
Billionaire Bitfinex Investor Wants Embattled Exchange to Launch Native Token to Tackle Ongoing Crisis
4
SHARES
562
VIEWS
Share on FacebookShare on Twitter

In the last 7 days, there has been slight changes in the market trend and the assets that are enjoying much favor especially in the top ten ladder are altcoins

Altcoins has been performing quite better than Bitcoin in the past one week, hence signaling a change in market bullish trend.

Similarly, Weiss crypto rating noted that there has been a change in the direction of the bullish sentiment in the market. Weiss said since 2017, when Bitcoin and the entire market peaked, Bitcoin had been recording the highest daily sentiments.

Nevertheless, the table seems to be turning around as the bullish sentiment looks to be spilling over into XRP, Ethereum and Litecoin.

This may be signaling a trial time for Bitcoin and a revolution –The Altseason, right at the time that enthusiasts and investors are expecting a bullish cycle in the market owing to the just concluded halving event. Weis further stated that nonetheless, the crowd is always wrong.

#Bitcoin recorded its highest daily sentiment score since 2017. Now, it looks like this bullish sentiment is spilling over into #Ethereum, #XRP, and #Litecoin… right on time for a cycle high. The crowd is always wrong. Always late to the party.

— Weiss Crypto Ratings (@WeissCrypto) May 22, 2020

According to Coincodex, Bitcoin has lost about 5% of its value against the US Dollars in the last seven days while the likes Ethereum, Bitcoin SV, Binance (BNB) Coin, and Tezos continues to display addition in value.

Among the top 10 coins, Bitcoin is the largest loser in the last one week, and it is priced $9,153 at press time.

Halving Made Bitcoin Less Secure

Expectations are rife for Bitcoin halving. Most are of the opinion that the cut in miner’s reward would bring Bitcoin more greatness in various perspectives. However, a number of experts in the industry have downplayed the event, claiming the event is not a special one and less significant to Bitcoin blockchain network.

Weiss Rating also joined the train. The crypto rating platform which claims to be unbiased said in contrast to what people conceive, the halving event does not make Bitcoin network extra secure.

Weiss said just like Litecoin, Bitcoin’s network is now even less secure than it used to be before the halving event.

Halving has made a number of blockchain network less secure, Weiss averred, concluding that Litecoin also witnessed the same effect after the halving of LTC.

Contrary to popular opinion, halving does not necessarily make the network more secure. Right now, #BTC is slightly less secure than it was prior to #halving. Last year #LTC became LESS secure – for a time – as a result of halving.

— Weiss Crypto Ratings (@WeissCrypto) May 21, 2020

In another statement, Weiss said it sees no need for halving in Bitcoin or any other blockchain network.

Tags: Bitcoin NewsEthereumEthereum NewsLitecoinLitecoin NewsXRPXRP News
No Result
View All Result

Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us