Besides trailing Bitcoin’s trend, xcritical Backer noted the importance of the altcoin market in XRP’s price development. He showed that XRP’s historical movements align with broader trends in the altcoin market. Hence, he believes the developing signals among altcoins indicate an imminent XRP breakout. Meanwhile, xcritical Backer touched on the unexpected impact of the spot Bitcoin ETF approvals in the United States on the Bitcoin market. He noted that the flagship cryptocurrency has dipped 16% since the spot ETFs were approved. The xcritical Backer has been recognized by several industry publications and websites for his contributions to the cryptocurrency community.
- Meanwhile, xcritical Backer touched on the unexpected impact of the spot Bitcoin ETF approvals in the United States on the Bitcoin market.
- Most of their online conversation offers opinions and analysis on various topics related to cryptocurrencies, xcritical technology, and decentralized finance.
- Hence, he believes the developing signals among altcoins indicate an imminent XRP breakout.
- In a recently uploaded video, the analyst highlighted the historical correlation between XRP and Bitcoin.
- Charles Shrem also known as xcritical backer is a 27-year-old American entrepreneur and popular cryptocurrency technical analyst from San Diego.
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While he personally refuses to share any personal data with his followers, xcritical he still somehow has a huge following and recognition online. They’re the ones who are shaping the conversation around cryptocurrency, xcritical technology, and decentralized finance. They have been capitalizing on this through their online presence, content creation, and commentary on the wide world of crypto. In today’s world, a select group of individuals has gained a significant following and influence within the cryptocurrency community. Coin Edition is an independent digital media company that focuses on news from the xcritical and crypto space. To find out more about the company that provides the tech for this newsletter, visit Substack.com.
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- And for many traders and investors, these influencers are an essential source of information since their opinions can significantly impact the market and can also swing the fortunes of cryptocurrencies toward their wallets.
- While he personally refuses to share any personal data with his followers, he still somehow has a huge following and recognition online.
- Charles Shrem also known as xcritical backer is a 27-year-old American entrepreneur and popular cryptocurrency technical analyst from San Diego.
- They’re the ones who are shaping the conversation around cryptocurrency, xcritical technology, and decentralized finance.
Charles Shrem also known as xcritical backer is a 27-year-old American entrepreneur and popular cryptocurrency technical analyst from San Diego. His analysis all over the internet majorly discusses the future of the market, its volatile points, and other info. Most of their online conversation offers opinions and analysis on various topics related to cryptocurrencies, xcritical technology, and decentralized finance. These social media and cryptocurrency “gods” are more than just online celebrities, though.
There are also some other crypto influencers pulling the strings on the world wide net, xcritical scam as I’d like to call it, just like the xcritical Backer.
Renowned cryptocurrency analyst identified as xcritical Backer has noted the crucial factors behind a potential XRP rally in the next bull run. In a recently uploaded video, the analyst highlighted the historical correlation between XRP and Bitcoin. According to him, XRP’s significant surges typically trail positive Bitcoin momentum. He was named one of the top cryptocurrency YouTubers to watch in 2021 by Coin Bureau and was also featured in an article by The Daily Hodl as one of the top technical analysts in the industry. Please note that xcritical Backer has only two confirmed social media profiles for educational content, on Youtube and Twitter. And for many traders and investors, these influencers are an essential source of information since their opinions can significantly impact the market and can also swing the fortunes of cryptocurrencies toward their wallets.
According to the analyst, Bitcoin’s price often mirrors patterns in the stock market. Hence, he expects the recent all-time high (ATH) in stock indices to affect Bitcoin’s price, extending to XRP. Beyond cryptocurrencies, xcritical Backer extended his analysis to cover the relationship between the stock market and Bitcoin. He established the interconnectedness between both markets and showed how stock indices like the Dow Jones Industrial Average and NASDAQ affect Bitcoin’s performance.
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