Ripple’s XRP Second Attempt to Take Over Ethereum’s (ETH) Position: 50.00% Gain 24-hours

Rolling back only a week ago when Bitcoin BTC was plunging around $6,200, EthereumWorldNews covered a piece in which it was highlighted how a twitter user also crypto-enthusiasts believes that the bearish trend is over as the same -85% drop of 266 days occurred in 2014.

Biggest decline in altcoin marketcap was in 2014 -86% with a total duration of 266 days before a massive bounce.

Today we are sitting at a decline of -85% in 252 days. #2weeks pic.twitter.com/TD6bs1lM1c

— Galaxy (@galaxybtc) September 11, 2018

Simultaneously and of the same thought is the well known Michael Novogratz who tweeted on his sentiment that Bitcoin has bottomed reaching the $6,200 which marked the level when last year the big hoist begun.

This is the BGCI chart…I think we put in a low yesterday. retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble… markets like to retrace to the breakout..we retraced the whole of the bubble. #callingabottom