Crypto Briefing 9/2/22 – The Forecast

Crypto Briefing 9/2/22

Crypto Briefing 9/2/22

Bitcoin should continue downward with the stock market.  We still feel strongly about BTC declining into the middle of September.  Over the past five years, the month of September has historically been a negative month for Bitcoin.  The bottom in crypto should coincide with the stock market, and at the latest this should occur in October.

We continue to remain long term bulls on Hedera Hashgraph. Few cryptocurrencies match the incredible fundamentals that HBAR has. For instance, major companies such as Google, Boeing, LG, and Ubisoft are all currently working alongside Hedera. Should we see an especially strong move downwards, then it is possible we could see HBAR retest its all time lows.

We should see XRP soon begin to provide support for NFTs – a major development for the project.  Other significant announcements will also be made at their annual conference Ripple Apex. However if the cryptocurrency market declines heavily, then we will likely see XRP reach $0.19 to $0.17.  Over the long term, we still eventually expect Ripple to be priced in dollars over cents.