Raiblocks is a hot topic and has rocketed into the top 20 very recently on Coinmarketcap. Amazingly, Raiblocks has pumped but not had an equal dump. This is extremely rare considering the growth in such a short time frame.
Raiblocks are planning to rebrand to 'Nano'. It's had a positive and negative response. A lot of people feel it sounds 'cheap' and reminds then of an Ipod whilst others are embracing the change. Maybe 'Rai' is a better fit?
https://themerkle.com/raiblocks-may-rebrand-to-nano-in-the-next-few-weeks/
Raiblocks are also partnering up with Ledger, Raiblocks is expected to be available on the Nano Ledger S at the end of January.
- RaiBlocks price started a downside trend after struggling to stay over $35.00 against the US Dollar.
- There was a double top pattern formed around $34.00-37.00 level on the XRB/USD pair.
- Raiblocks is holding a major support line above $25.00 and is showing positive signs.
https://coinmarketcap.com/currencies/raiblocks/
The Support for Raiblocks is fairly strong, most investors probably didn't invest a huge amount of money to get these massive gains. For such a high quality coin it seems like great long term hold.
The protocol is new and time will tell, it will be attacked by hackers and people trying to expose floors. All we can do is wait as see if this new breed of blockchain technology can withstand it.
Last encouraging news is Raiblocks is now available on Kucoin and will be on Binance shortly. Binance is one of the most promising exchanges and is directly competing with Bittrex. This could defiantly spark a break out in price.
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