cryptocurrencies

Summary:

  • Polkadots aims and desires.
  • A deeper look into how Polkadot works.
  • Past, Present and Future Prices of Polkadot.

Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol 

What is the Polkadot protocol?

Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot.

The Polkadot mission is: they envision a Web where their data and identity is their own and where safety is ensured from any central authority. Polkadot supports the ease of creating and connecting decentralised applications, institutions and services. Through empowerment of investors to build better solutions, they are seeking to free society from the grip of a broken web whereby institutions have the chance to break trust.

The aim of Polkadot is to enable a completely d

Reviewing Bitcoin (BTC), Ripple (XRP) And Ether (ETH)

Reviewing Bitcoin (BTC), Ripple (XRP) And Ether (ETH)

Jason Sen Jason Sen 28.02.2022 08:36
Bitcoin doing very little after holding 300 pips above my next target of 34000. Ripple trying a break above 7270/7370 for a buy signal targeting 7740/7800. Ethereum tests resistance at 2790/2810. Shorts need stops above 2870. A break higher is a buy signal. Update daily at 07:00 GMT Today's Analysis Bitcoin beat first resistance at 36300/400 to test second resistance at 39400/450 but struggling here. Bulls need a break above 40000 to target the 500 day moving average at 42000/200. Unlikely but if we continue higher look for strong resistance at 44100/400. Holding second resistance at 39400/450 targets 38000/37800. If we continue lower look for 36400/36000 & probably as far as 34400/34000. Do not be surprised to see a test of very strong support at 100 week moving average at 33000/800 (today's value). Ripple unexpectedly beat strong resistance at 7270/7370 for a buy signal targeting 7740/7800. If we continue higher look for quite strong resistance at 8000/8100. Shorts need stops above 8200 for a buy signal. Minor support at 7300/7280 but below here can target targets 7090/70, perhaps as far as support at 6890/6870. Ethereum runs as far as resistance at 2790/2810. A high for the weekend possible here but shorts need stops above 2870. A break higher is a buy signal targeting 2900/2920 & probably resistance at 3025/55. Strong support from 2660 down to 2560 should now hold the downside. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
What's The Future Of Bitcoin (BTC) Price In Times Of Sanctions?

What's The Future Of Bitcoin (BTC) Price In Times Of Sanctions?

FXStreet News FXStreet News 28.02.2022 16:02
Bitcoin price is behaving very well this stormy Monday morning as global markets are under pressure from sanctions against Russia. BTC sees elevated interest as people in Russia dive into Bitcoin as an alternative method of payment. Expect this interest to add to more popularity for Bitcoin as long as the current sanctions are imposed on Russia and its ruble. Bitcoin (BTC) is holding it together all-in-all quite well as price action dipped lower over the weekend but is back up for the day as Bitcoin sees an uptick in demand at the start of the week. That demand comes from Russian people using Bitcoin as an alternative method of payment as the local currency has devalued considerably, and several sanctions are making it impossible to use FX alternatives. With this renewed interest, expect to see BTC price action rise towards $39,780, holding a 10% profit potential. Bitcoin regains the needed attention it deserves Over the weekend, price action got rejected to the downside and saw a 7% devaluation. Yet with the introduction of several sanctions onRussia, significant demand is being seen for Bitcoin as Russians seek alternative payment methods as their own currency has devalued sharply by 20% on Monday morning, and foreign currencies are forbidden as a form of payment. This is the perfect background for Bitcoin and other major cryptocurrencies to get renewed positive attention. Several Russians will be opening a crypto wallet and buying into Bitcoin price action, which could propel price action towards $39,780 in the first phase.once Bitcoin becomes the standard form of payment in Russia, and as the Relative Strength Index still has plenty of room to go, expect to see a further move to the upside, hitting $41,756 in the near term. BTC/USD daily chart Depending on the current peace talks underway this afternoon between Russia and Ukraine, expect to see a possible dip back towards $38,073 or even $36,709 as the supportive baseline in these past few days. Should the situation deteriorate again and see renewed attacks – and even the use of Russian nuclear weapons – expect to see a sharp nosedive move towards $32,650, nearing the distribution zone from a few months ago. With that move, the Relative Strength Index will have entered the oversold area, however, suggesting an increased likelihood of an eventual recovery.
Crypto Prices Rise: On Monday BTC Added 10.6%, Ether (ETH) Increased By 7.9%, XRP Gained 6.3%, Terra (LUNA) Added 15.3%

Crypto Prices Rise: On Monday BTC Added 10.6%, Ether (ETH) Increased By 7.9%, XRP Gained 6.3%, Terra (LUNA) Added 15.3%

Alex Kuptsikevich Alex Kuptsikevich 01.03.2022 08:31
Bitcoin made a powerful leap up after assurances from the owners of the largest crypto exchanges, Binance, Kraken, KuCoin and AAX, that they do not intend to block the funds of individual Russians. However, the head of Kraken warned that they would abide by the regulator's decision if it comes.Overnight, the United States noted that they would stop attempts to use cryptocurrencies to circumvent personal sanctions. So, retail clients of large crypto exchanges are not yet afraid for their funds. This probably explains the latest growth momentum.Technically, Bitcoin broke through the upper limit of the four-month descending channel at the close of the month. Moderate optimism of Asian and US indices is also on the side of buyers.February was confirmed to be a growing month for bitcoin. However, March is not so favourable. Over the past 11 years, BTC ended this month with growth only in two cases.Disabling Russia from SWIFT will have a positive impact on the cryptocurrency market, says Jiang Zhuer, CEO of the BTC.TOP pool. In his opinion, Russia can use various methods to circumvent restrictions, including digital assets, to make payments. Bank of America does not see the prerequisites for a large-scale crypto winter, as evidenced by the dynamics of the movement of cryptocurrencies between private and exchange wallets. The level of acceptance of crypto assets by users is also growing, as well as the activity of developers.Bitcoin jumped 10.8% on Monday to $41,600, the highest gain in five months. On Tuesday morning, the momentum continued with a jump to $44,000 at the start of the day. At the time of writing, prices have stabilized around $43,200. Ethereum added 7.9%, while other top-ten altcoins rose from 6.3% (XRP) to 15.3 % (Terra).The total capitalization of the crypto market, according to CoinMarketCap, grew by 11% over the day, to $1.9 trillion. The Bitcoin dominance index has risen to 43% due to the smaller strengthening of altcoins.The crypto-currency fear and greed index soared 31 points to 51 on the day, moving out of fear into neutral territory.Although Bitcoin showed negative dynamics for most of the month, the shock growth at the end of it allowed BTC to end February with strengthening (+8.6%) after three months of decline.
Decentralized Autonomous Organisation - Another Addition To Our Personal Dictionaries

Crypto Prices: On Tuesday Bitcoin (BTC) Added 1.9%, Ether (ETH) Gained 2.5%, Solana (SOL) Increased By 6.7%

Alex Kuptsikevich Alex Kuptsikevich 02.03.2022 08:44
In the middle of Tuesday, the first cryptocurrency was approaching $45K, but then fell slightly during the American session along with stock indices. BTC showed resilience despite the decline in other risky assets and the growth of the dollar. World markets were declining following the banking sector, which felt the severity of Russia's partial disconnection from Swift (by 80%). However, this situation does little harm to the demand for cryptocurrencies. On the Binance exchange, the volume of trading in ruble pairs with BTC and USDT has increased significantly. Crypto funds recorded $36 million in net asset inflows during the week, up from $239 million over the past five weeks, according to CoinShares. Institutions are also looking for alternative vehicles amid mounting military tensions and government capital controls. According to Glassnode, crypto whales have been aggressively buying bitcoin over the past few weeks, which could signal a local bottom has been reached. The last time such a situation was observed was in May last year, when, after a two-month consolidation, the market resumed growth at the end of July. Technically, Bitcoin started March with growth. Thus, BTC has risen in price by 1.9% over the day to $44,100. Ethereum has grown by 2.5%, approaching $3,000. Other leading altcoins from the top ten add with maximum momentum such as Solana (+6.7%) and Terra (+5.2%) The total capitalization of the crypto market, according to CoinMarketCap, grew by 2% over the day, to $1.94 trillion. The Bitcoin Dominance Index is hovering around 43%. The Cryptocurrency Fear and Greed Index added another point to 52 moving into neutral territory.
Bitcoin, Ethereum, Metaverse Tokens Sink After Holiday Crypto Rally

Crypto: On Thursday Morning Bitcoin (BTC), Ether (ETH), Terra (LUNA) And AVAX Trades Lower Than At The Same Time The Day Before

Alex Kuptsikevich Alex Kuptsikevich 03.03.2022 08:29
Bitcoin slowed down ahead of strong mid-February resistance at $45,000, which then turned the move down. The first cryptocurrency in recent days has not paid too much attention to stock indices, which rose on Wednesday. The technical picture continues to point to a break in the downtrend, although to confirm the reversal, the rate must first fix above 45K. It must be said that bitcoin trading volumes have increased markedly in the last week due to the events in Ukraine. On February 28th, immediately after the Bank of Russia asset freeze, BTC jumped by 11%, showing the highest growth in many months. Due to new sanctions, the Russians withdrew depreciating ruble assets and invested them in cryptocurrencies. In the EU, it was previously discussed that since Bitcoin and Ethereum use the Proof-of-Work consensus mechanism, which consumes a lot of electricity and has a negative impact on the environment, it's time to ban the mining of these cryptocurrencies. However, it was decided to abandon this idea following the new version of the bill on digital assets. Technically, Bitcoin slowed down on Wednesday after two days of active strengthening, and on Thursday morning, it rolled back to 43.1K, losing 2.2% in the last 24 hours. Ethereum is down 3.3% 0.6% in the same period. Leading altcoins from the top ten lose from 1% (Terra, XRP) to more than 5% (Avalanche). The total capitalization of the crypto market, according to CoinMarketCap, decreased by 2.5% to $1.09 trillion. The Bitcoin Dominance Index is hovering around 43.1%. The Cryptocurrency Fear and Greed Index fell 13 points to 29, once again ending up in the fear zone.
Is $50k A Possible Level For Bitcoin Price (BTCUSD)? ETH Decreases By 6.2%

Is $50k A Possible Level For Bitcoin Price (BTCUSD)? ETH Decreases By 6.2%

Alex Kuptsikevich Alex Kuptsikevich 04.03.2022 08:28
The momentum of pressure on the crypto market was due to the decline in stock indices, as the Fed gave signals of tightening policy. Technical factors also contributed to the negative dynamics - the inability to overcome the strong resistance of the 100-day moving average and mid-February highs around $45,000. Real Vision CEO Raul Pal believes that the dynamics of bitcoin against the backdrop of foreign political tensions in the world signals the onset of a bullish trend. According to Nigel Green, CEO of deVere Group, one of the world's leading independent financial institutions, BTC could reach $50,000 by the end of March. Billionaire investor Bill Miller said that the Russian authorities can use BTC as a reserve currency. Earlier, the US authorities called on crypto exchanges to prevent Russia from circumventing sanctions. Meanwhile, the Bank of Russia did not begin to soften its attitude towards bitcoin against the backdrop of sanctions and still advocates a complete ban on the circulation and mining of cryptocurrencies. Bitcoin is developing a correction, losing 4.5% over the past day to $41.4K. Methodical pressure on the first cryptocurrency was formed on Wednesday evening after a short break above $45K. Ethereum fell by 6.2%, other leading altcoins from the top ten sank from 2.8% (BNB) to 7.8% (Solana). The total capitalization of the crypto market, according to CoinMarketCap, decreased by 3.7% over the day, to $1.83 trillion. The Bitcoin Dominance Index sank 0.2 points to 42.9%. The Bitcoin Fear and Greed Index dropped another 6 points to 33 - fear.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Sentiment turns as the U.S. looks to regulate cryptos

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Sentiment turns as the U.S. looks to regulate cryptos

FXStreet News FXStreet News 03.03.2022 16:07
Bitcoin price sees its gains being pared back a bit after more talks on regulatory crackdown out of U.S. on cryptocurrencies. Ethereum price slips further away from $3,018 after Powell's speech before Congress talked about regulating cryptocurrencies. XRP price sideways, awaiting a catalyst to go either way. Cryptocurrencies are facing some headwinds – whilst they have enjoyed more inflows of late as both Ukrainian and Russian inhabitants reverted to cryptocurrencies as an alternative means of payment to avoid sanctions – there are signs this loophole will soon be closed. During Biden's State of the Union speech the president asked for a crackdown on cryptocurrencies to close the escape route for wealthy Russians. FED chair Powell added fuel to the fire by saying that he would welcome further regulation to monitor and control cryptocurrencies better. The result is that these comments have triggered some nervousness in all significant cryptocurrency pairs. Bitcoin bulls are rejected at $44,088 with the risk of sliding back to $42,000 Bitcoin (BTC) price saw a full paring back of the losses accumulated during the Russian invasion as cryptocurrencies saw renewed cash inflow from both Russians and Ukrainians looking for alternative means of payment after both central banks had put in cash withdrawal restrictions. As Bitcoin looked to be poised for another leg higher, both Biden and Powell created some headwinds by urging for more regulatory crackdown, as it is emerging that cryptocurrencies are undermining sanctions on Russia. With this renewed negative attention towards cryptocurrencies, investors are being quick to book profits and, in the process, are pushing BTC price action to the downside. BTC price saw an initial rejection at $45,261, a level which coincides with the low of December 17, and as such triggered some profit-taking. As profit-taking continues bulls are faced with another rejection at $44,088, a level that goes back to August 06. Below that, the search for support finds nothing until $41,756 or the psychological $42,000 level near the baseline of a bearish triangle we had marked up earlier. BTC/USD daily chart As more talks are underway, a breakthrough could still happen at any moment. If that happened, it would mean that bears would fail in their attempt to squeeze out bulls and get stopped out themselves once the price pierced through $44,088 to the upside. That move would even accelerate after shooting through $45,261, with a quick rally to $48,760 and, from there, positioning Bitcoin to pop back above $50,000 next week. Ethereum bulls are defending the 55-day SMA, but support is wearing thin Ethereum (ETH) price takes another step back today after more negative connotations from FED Chair Powell in the house hearing before Congress. Next to committing to more rate hikes, Powell also drilled down on cryptocurrencies and called them a risk that needs to be prioritised with regulations. That puts greater regulation for cryptocurrencies at the top of the congressional agenda – after Ukraine, and inland inflation had pushed that bullet point further down the list. For the moment, ETH sees bulls defending the 55-day Simple Moving Average (SMA) at $2,880. Although it looks good to hold for now, in the past, the 55-day SMA has not built a solid reputation of being well respected. So expect a possible breach once the US session kicks in and Powell makes more negative comments on cryptocurrencies in his second day of congressional hearings, which will likely push ETH price below the 55-day SMA at $2,880, through the monthly pivot at $2,835, and down to a possible endpoint at around $2,695. ETH/USD daily chart As the situation in Russia further deteriorates with more sanctions on the shelf, residents will be forced even more to flee into cryptocurrencies to avoid any repercussions from the financial sanctions imposed. That would mean broad flux inflow throughout the coming days, with ETH price action popping above $3,018, and in the process breaking the double top of rejection from Tuesday and Wednesday. To the upside, that could see $3,391 for a test as the inflow will outweigh any bearish attempts from short sellers. XRP price testing monthly pivot to the downside as dollar strength weighs Ripple's (XRP) price is under pressure to the downside as bears are putting in their effort to break the new monthly pivot at $0.76. Bears are getting help from the other side of the asset pair by the dollar’s strength weighing on price action for a second consecutive day. With Ukraine's current tension and possible retaliation from Russia against the West, safe havens are broadly bid with the Greenback on the front foot and thus outpacing XRP’s valuation, resulting in a move lower. Expect XRP price to see an accelerated move once the monthly pivot at $0.76 gives way. With not much in the way, the road is open to drop to $0.62, with $0.70 and $0.68 as possible breaking off points where bears could see some profit-taking and attempts by bulls to halt the downturn. But the trifecta of the negative comments from both Biden and Powell joined with the safe-haven bid is too big of a force to withstand, making $0.62 almost inevitable in the coming hours or trading days. XRP/USD daily chart The only event that could turn this around is if a catalyst were to remove the safe-haven bid. That could come with a resolution of the current tension in Ukraine or surrender of the Russian army of some sort. In such an outcome, the safe-haven bid would evaporate, followed by a massive risk-on flow which would see XRP pop above $0.78 and rally to $0.88, taking out $0.84 along the way to the upside.
Positive News From Europe Supports (BTC) Bitcoin Price - Is $40.000 Coming?

Positive News From Europe Supports (BTC) Bitcoin Price - Is $40.000 Coming?

FXStreet News FXStreet News 08.03.2022 16:05
Bitcoin price action sees bulls storming out of the gate, with BTC bouncing off a $38,073 historical pivot. BTC price set to tick $39,780 intraday in a range-trading profile. Expect to see more upside, should BTC continue its rally from positive signals out of Ukraine, and punch through the 55-day SMA. Bitcoin price action is back on the front foot today as global markets surf positive news of a ceasefire and fresh round of talks between Russia and Ukraine. The lift in positive sentiment spilled over into cryptocurrencies and saw positive prints across the board. Bitcoin was no different, with the price up 2.30% for the day at the time of writing and a possible tick of over 4% profit going into the U.S. session this evening. Bitcoin sees bulls taking over in ceasefire setback for bears Bitcoin price action is whipsawing between $45,000 to the upside and $34,000 to the downside, in a bandwidth that has been drawn since January. With global markets remaining stressed and on edge, today is set to give a sigh of relief and blow off some steam out of the pressure cooker that is Ukraine. Expect to see further decompression going into the U.S. session as this positive news gets picked up and translated into another round of bullish uplift for the cryptocurrency. BTC price is set to tick $39,780 and will try to break the high of last weekend. But bulls will immediately face another level of resistance, with the 55-day Simple Moving Average (SMA) around $40,250, and the $40,000 level in the way. Add to that the monthly pivot at $41,000 – so within a $1,000 – and there are three bearish elements capable of cutting short any attempts for further upside if no additional relief catalysts are added to the current headlines. BTC/USD daily chart Over the weekend, a ceasefire was already tried but failed after just a few minutes. Should that be the case again, expect this to break the fragile trust that has been in place now since recent talks yesterday. Expect BTC price action to be pushed back to $38,073 a drop of around 4%.
Bitcoin (BTC) Price Has Increased By 8.7%, Ether (ETH) Has Gone Up By 7.9%, XRP Has Added 3.3%, Terra +21%

Bitcoin (BTC) Price Has Increased By 8.7%, Ether (ETH) Has Gone Up By 7.9%, XRP Has Added 3.3%, Terra +21%

Alex Kuptsikevich Alex Kuptsikevich 09.03.2022 08:43
The last bitcoin growth impulse confirmed the break of the downtrend: the chart confidently rebounded from the former upper limit of the downtrend trading range. However, as before in March, a consolidation above the previous highs in the area of $45K is required to confirm a break in the trend. As Ethereum dropped to a 10-day low, traders started buying put options in anticipation of the second cryptocurrency falling to $2,200. On March 14, the European Parliament will approve the final version of the bill on the regulation of cryptocurrencies without wording that could be interpreted as a potential ban on bitcoin mining. US President Biden will also sign an executive order to regulate cryptocurrencies this week. The focus may be on tracking transactions and preventing circumvention of US sanctions. The cost of bitcoin in rubles has updated its historical highs, exceeding 5 million rubles. Bitcoin was not so expensive even in April and November 2021, when its price in dollars exceeded $60,000. In general, the benchmark cryptocurrency has jumped by 8.7% over the past day, to 41,450. Ethereum has added 7.9% over the same time, while other leading altcoins from the top ten show growth from 3.3% (XRP) to 21% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 6.9% over the day, to $1.83 trillion. The dominance index jumped to 43%. The Cryptocurrency Fear and Greed Index rose 1 point to 22, remaining in "extreme fear" territory.Bitcoin was bought on the decline to $38K, and the move to $40K on Wednesday morning caused a surge in buying, probably associated with the closing of part of the short positions, quickly bringing the rate to current values.
Stocks rebound slightly as hopes of a Russia-Ukraine deal increase

Stocks rebound slightly as hopes of a Russia-Ukraine deal increase

Walid Koudmani Walid Koudmani 09.03.2022 11:54
European stock markets started the day trading higher following a mixed Asian session which saw Nikkei drop 0.3% while S&P/ASX 200 gained 1% and as indices from China plunged and finished 1.7-5.0% lower. Meanwhile, the United States announced a total ban on Russian oil, natural gas and coal with the United Kingdom announcing that it will phase out Russian oil in the coming months. In response, Putin signed a decree banning exports of certain commodities from Russia and investors await the announcement within days to determine the potential impact on markets. Furthemore, a growing number of companies have announced their withdrawal from or suspension of services in Russia with McDonald's, Starbucks and Coca-Cola being the latest to make such announcements and isolating the country economically even more. While this rebound may encourage investors and increase confidence in the market, it is essential to keep in mind that any major news related to the ongoing conflict could have wide repercussions and may shake the extremely fragile market sentiment. Crypto markets rebound as sentiment improves ahead of Biden executive orderCryptocurrencies appeared to show signs of strength in the Asian session which have continued at the start of the European trading session with Bitcoin gaining over 8% and trading around $42,000, the highest level in a week. The crypto market cap is up over 6% today and has returned to around $1.85 Trillion after several days of uncertainty which followed the surge in demand seen at the beginning of the Russia-Ukraine conflict that was sparked by significant interest from people of that region as they attempted to seek refuge from the collapsing economy and currency. As has been the case in the past, Bitcoin and Ethereum appear to be dragging the rest of the market with the majority of alt-coins also adding to their gains despite generally lagging slightly behind the majors. Furthermore, US president Biden is expected to make an announcement today regarding an executive order on cryptocurrencies that may pave the way for a broader adoption of digital assets and boost investor confidence in the relatively new asset class. While details of this announcement remain unclear, any sign of regulation or mainstream adoption could prove to be a catalyst for a major move across the crypto markets thanks to the influx of new money of both retail and institutional investors.
Crypto Update: Bitcoin (BTC) Has Lost 5.6%, Ether (ETH) Has Decreased By 4.8%, Terra (LUNA) Has Lost 1% And AVAX Has Gone Down As Well

Crypto Update: Bitcoin (BTC) Has Lost 5.6%, Ether (ETH) Has Decreased By 4.8%, Terra (LUNA) Has Lost 1% And AVAX Has Gone Down As Well

Alex Kuptsikevich Alex Kuptsikevich 10.03.2022 08:33
Bitcoin soared 8.8% on Wednesday, ending the day around $41.9K. Apparently, the benchmark cryptocurrency experienced clear problems with growth above $42K. On Thursday morning we see an equally strong reversal move back to $39K. As a result, Bitcoin lost 5.6% in 24hours Ethereum - 4.8%, other leading altcoins from the top ten are declining from 1% (Terra) to 7.2% (Avalanche).According to CoinMarketCap, the total capitalization of the crypto market decreased by 4.5% over the day, to $1.75 trillion. The Bitcoin Dominance Index dropped from 43.0% to 42.7%.The Cryptocurrency Fear and Greed Index added 6 points to 28, climbing into “fear” territory.Bitcoin's growth momentum was also supported by the positive dynamics of stock indices, however, on Thursday morning, the positive pull on them remains in contrast to the sell-off of cryptocurrencies. Bitcoin jumped when a statement by Janet Yellen appeared on the website of the US Department of the Treasury, which does not contain strict measures to control the field of cryptocurrencies. The statement was posted, probably prematurely, and then quickly removed from the site.Later on Wednesday, US President Joe Biden signed the first executive order to regulate cryptocurrencies in the country. The document contained only the most general provisions, such as consumer protection, financial stability, technology development and the illegal use of cryptocurrencies. More specific measures in the field of control over the digital asset market will be developed by individual federal departments. In our opinion, the States are making it clear that they will not allow cryptocurrencies to become a shadow business and be used to circumvent sanctions, taxes, money laundering and similar things. Such control is more difficult to implement than with centrally issued fiat money.    
Crypto Update: Bitcoin Price Has Decreased By 1%, ETH Hasn't Fluctuate Much. XRP Has Gone Up By 1.6%

Crypto Update: Bitcoin Price Has Decreased By 1%, ETH Hasn't Fluctuate Much. XRP Has Gone Up By 1.6%

Alex Kuptsikevich Alex Kuptsikevich 11.03.2022 08:37
Bitcoin fell 5.4% on Thursday, ending the day near $39.6K, and further to $38.9K on Friday morning, down 1% in 24 hours. Ethereum has remained almost unchanged over the same time (-0.3%), while other leading altcoins from the first are changing in different directions, from a 1.6% increase (XRP) to a 1% decrease (BNB). According to CoinMarketCap, the total capitalization of the crypto market sank by 0.2% over the day to $1.74 trillion. The bitcoin dominance index continues to decline, falling from 42.7% yesterday to 42.4% due to the greater stability of altcoins. The crypto-currency index of fear and greed lost 6 points in a day to 22, again entering the territory of "extreme fear". Bitcoin fully returned the growth of Wednesday, which was caused by the adoption in the United States of the first document on the regulation of cryptocurrencies. The decline in stock indices and the growth of the dollar also did not favour the purchases of the first cryptocurrency, which often moves in unison with the general demand for risks. The first decree on cryptocurrencies signed the day before can become the basis for future US legislation on regulating relations in the crypto sphere. Against this background, the shares of companies associated with cryptocurrencies have noticeably risen in price. One of the largest investment banks, Goldman Sachs, is going to expand its offering for trading digital assets. The bank is exploring the possibility of launching bilateral crypto-currency options. World-famous investor and writer Robert Kiyosaki has warned that the world economy is now on the verge of hyperinflation and advised to "stay away" from the stock market. Against the backdrop of a severe crisis in the financial system of the Russian Federation and restrictions imposed on the circulation of the dollar and the euro, the demand of the population for cryptocurrency has increased sharply. Now it is primarily used for the transfer of capital abroad or for parking in "hard" currency. Analysts believe that regulators are unlikely to be able to effectively prevent such transactions. But the state is helped by crypto-exchanges, which block the Russians on their own initiative. There remain the possibilities of p2p platforms, that is, transfers between individuals. However, there are significant risks of fraud associated with such transactions.
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Apple Co-Founder Speaks Of The Future Of Bitcoin Price

Alex Kuptsikevich Alex Kuptsikevich 14.03.2022 08:42
Bitcoin has decreased over the past week by 0.9%, ending it at around $38,700. Yesterday, the decline continued, bringing the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other leading altcoins from the top ten show mixed dynamics over 24 hours: from a decline of 3.8% (XRP) to a rise of 3.3% (Terra). According to CoinMarketCap, the total capitalization of the crypto market decreased by 14% in 24 hours, to $1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%. The FxPro Analyst Team emphasized that the Cryptocurrency fear and greed index added 2 points in a day to 23 and remains in "extreme fear" condition. In the first half of the past week, the first cryptocurrency tried to strengthen, testing five-day highs near $42,600. Later, BTC lost all gains, again being thrown back to support near $38,000. Pressure on all risky assets continues to be exerted due to the situation in Ukraine. One of the Apple founders, Steve Wozniak, said that bitcoin would reach $100,000, which will be facilitated by the general interest in cryptocurrency. At the same time, he has a negative attitude towards altcoins and non-fungible tokens (NFTs). The US Securities and Exchange Commission (SEC) has again rejected applications from the NYSE Arca and Cboe BZX Exchanges to create spot bitcoin ETFs due to non-compliance with US exchange law. El Salvador has announced that it will postpone the issuance of bonds in bitcoins in connection with the events in Eastern Europe. The received funds were planned to be used for the construction of the "Bitcoin City". Visiting the UAE, Russians massively sell cryptocurrency for billions of dollars. Earlier, FBI Director Christopher Wray emphasized that the United States has vast experience in tracking cryptocurrencies, and Russia will not be able to use them to circumvent sanctions.  
Tesla CEO Elon Musk To Save His Bitcoins And Other Crypto

Tesla CEO Elon Musk To Save His Bitcoins And Other Crypto

Alex Kuptsikevich Alex Kuptsikevich 15.03.2022 08:36
Bitcoin slightly strengthened over the past day to 38,800 (+0.5%). Ethereum lost 0.8%, while other leading altcoins from the top ten range showed an amplitude from -2.4% (Avalanche) to +3.7% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 0.4% in 24 hours, to $1.73 trillion. The Bitcoin Dominance Index rose 0.3 points to 42.7%. The fear and greed index is at 21 (-2 points) now and is remaining in a state of "extreme fear". The FxPro Analyst Team emphasized that Bitcoin updated its weekly lows around $37,500 today. Subsequently, the first cryptocurrency bounced up, briefly rising above $39,300 in the middle of the day on the news from Elon Musk. The CEO of Tesla said he had no plans to sell his cryptocurrencies. Musk tweeted that he owns not only Bitcoin but also ETH and DOGE. However, BTC did not show a strong reaction to this statement: during the American session, it levelled a slight increase against the backdrop of a fall in US stock indices. Dogecoin reacted to Musk's comment much more violently, jumping more than 7% at the time. According to CoinShares, institutional investors withdrew about $110 million from crypto funds last week, despite seeing the largest capital inflow in three months the week earlier. The European Union abandoned plans to introduce a virtual ban on mining based on the Proof-of-Work (PoW) mechanism. At the same time, Russian State Duma deputy Alexander Yakubovsky said that Russia has a real opportunity to create its own crypto exchanges.
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(SHIB) Shiba Inu Price - How Will Be The Altcoin Affected?

FXStreet News FXStreet News 15.03.2022 16:27
Shiba Inu price action sees price pressure against the technical triangle base at $0.00002140. SHIB price action set to test the low of its existence. As global markets threaten to drop into a recession, investors will flee cryptocurrencies in the coming days. Shiba Inu (SHIB) price action is on the cusp of breaking out of a bearish triangle that has dictated price action over the past two months. With a break to the downside, room opens up for an almost 70% drop towards the lowest levels in its existence as investors flee cryptocurrencies overall, following more and more reports that global markets are going into recession. With this dire projection in mind, expect to see further bleeding of SHIB price action as it falls back to $0.00000655. Shiba Inu price action bleeds as investors flee from recession fears Shiba Inu price action is seeing a massive squeeze building from bears trying to break out of the bearish triangle as more and more headwinds combine each day. The situation in Ukraine and new lockdowns in China are spelling supply chain issues again, and banks are starting to use the word recession more often in their reports about the future. This weighs on investor sentiment as cryptocurrencies are put on the backfoot and witness a daily outflow of cash from investors pulling the plug on their positions. SHIB price looks to break below $0.00002140 any moment now, with considerable momentum behind it from the death cross with the 55-day Simple Moving Average (SMA) below the 200-day SMA. Next to that, the Relative Strength Index is nowhere near being oversold, opening the door for short sellers to pick up some more gains in the downtrend. Expect to see a sharp drop in the coming days towards $0.00001000, breaking the monthly S1 and S2 support levels along the way, only to find a floor near $0.00000607, which is near the lowest level in SHIB’s. SHIB/USD daily chart Although red flags are popping up all over financial markets, investors could still be working on a turnaround in an attempt to look beyond the current crisis at hand. If central banks can steer economies out of this dire situation, expect investors to start buying into cryptocurrencies to take advantage of lucrative discounts. This could spill into a turnaround and see price action first pop back above $0.00002500, breaking the bearish 55-day SMA and hitting $0.00002787, above the 28.6% Fibonacci level.
Bitcoin price undergoes sharp fade as bulls storm out of the gate

Bitcoin price undergoes sharp fade as bulls storm out of the gate

FXStreet News FXStreet News 16.03.2022 16:28
Bitcoin price action jumped 7% but fell back sharply in European trading.BTC price action looks to be set to jump above $41,756.61 once the US session kicks in.Expect to see a further continuation of this price jump throughout the week as long as positive signals come from the ongoing talks in Russia.Bitcoin (BTC) price action is performing a countercyclical move this morning as Asian bulls storm out of the gate on positive-speak from the Chinese government. From now on into the European session, gains are still present but have faded slightly. Expect to see a subsequent round of wins coming in during the US session and going further into this week as long as positive signals are communicated independently from both sides in Ukraine and Russia peace talks.Bitcoin price sees bulls swimming against the tideBitcoin price action seems to have awakened many investors who fell asleep staring at their television screen for the past three weeks on the Russian invasion of Ukraine. As they pulled out their money and went long cash, cryptocurrencies dried up a bit and were left to the mercy of bears. Today a few bears will be licking their wounds as bulls have gone in for a push higher as more positive signals come from both Ukraine and Russia on talks, and markets are getting used to the war headlines as everything looks to be priced in. BTC price action technically got rejected to the upside at $41,756.61, the base of a bearish triangle that formed a few weeks ago. Expect this fade in early trading to provide a window of opportunity for European and American bulls to join the rally and ramp up the price above $41,756.61, where a close above will be key this evening. If trading can start on Thursday with an opening price above $41,756.61, expect to see another leg higher by tomorrow evening, near $44,088.73 and even $45,261.84 by Friday.BTC/USD daily chartThe risk could be that the current fade, after the rejection at $41,756.61, could topple into a deeper loss if bears push the price below the opening price. This would trigger panic amongst bulls that got in and will have them remember the same scenario that happened exactly one week ago on Wednesday with a false breakout and a full paring back, and even eking out further losses the day after. Expect bulls to exit instantly once BTC price action prints red numbers, and this to spiral into a setback for BTC price towards $38,703.32 or even $36,709.19.
Trading plan for Dogecoin on June 22, 2022

Dogecoin price could tank as India’s central bank closes the doors to cryptos

FXStreet News FXStreet News 17.03.2022 16:34
The Indian Central Bank came out this morning with firm rejection against adopting cryptocurrencies in the country. Dogecoin price action undergoes firm rejection against a double technical barrier. DOGE set to tank by 8% as bears see opportunity fit to pair back gains from Wednesday yet again. Dogecoin (DOGE) price action saw bulls being hit by ice-cold water this morning as two headlines made the sky drop on their heads. These were the Kremlin coming out saying that talks are nowhere near as positive as markets are frontrunning, and the Indian Central Bank (RBI) giving a firm rejection to the adoption of cryptocurrencies. The RBI branded cryptocurrencies as a tool that will wreck the currency system, monetary authority and government's ability to control the economy. This is a significant blow and setback for cryptocurrencies that saw bulls coming up yesterday for a catch of fresh air but are now again submerged underwater with negative prints today. Dogecoin price gains short-lived Dogecoin price action is not currently in a sweet spot as in just 5 minutes, two separate comments unrelated to each other trashed bulls’ game plan to target $0.1357 next week. Instead, DOGE price action fell back to its opening price and took a step back as bulls reassessed the situation – due to some unforeseen tail risks that caused headwinds overpowering the tailwinds that emerged the day before. Expect to possibly see DOGE price action tumble again to the downside, in a similar scenario to last week. DOGE price action got a firm rejection from negative headlines at $0.1197 with the green ascending trend line and that intermediary top-line proving too big for bulls to take on. Instead, price action collapsed back to the entry-level and looked heavy and dangling, as if poised to drop at any moment to the downside. A possible downside target is set at $0.1137 and $0.1100 with the last one making a triple bottom – although there is also the risk of a break even further to the downside if more tail-risk materialises. DOGE/USD daily chart Once the US session takes over, it could well be that investors look beyond these very short-term headlines, considering them as partial hiccups before moving on. That would mean a pickup in buying interest which could lead to a punch through $0.1197 to the upside. This would open the door towards $0.1242 intraday and possibly again on track for $0.1357.
Uncertain Rebound and Inflation Data: How Likely Is Bitcoin To Fall Again?

Bitcoin Price Prediction - $500k Level In A Few Years Time?

Alex Kuptsikevich Alex Kuptsikevich 18.03.2022 09:00
Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025. Should we believe in that? No sharp movements According to the Santiment team, Bitcoin whale activity has fallen to its lowest level in a year in recent days. Therefore, one should not expect sharp movements in the market soon. In confirmation of this, Bitcoin is down only 0.4% over the past 24 hours to $40.7K. Ethereum has added 1.5% over the same time, other leading altcoins from the top ten are changing from -2.0% (Terra) to 5% (Avalanche). According to CoinMarketCap, the total capitalization of the crypto market grew by 0.3% over the day, to $1.83 trillion. The Bitcoin dominance index decreased by 0.4% to 42.4% due to the better dynamics of altcoins. The crypto-currency index of fear and greed lost 2 points to 25 in a day and again found itself in a state of "extreme fear". In searching of the bottom Despite the outstripping dynamics of altcoins, a sequence of lower and lower local highs continues to form in Bitcoin. In early February, the upside lost momentum as it moved above $45.5K. In the first days of March, the bears already dominated on the way to $45K, on the 8th already near $42.5K, and in the last two days they are trying to form a downward reversal at $41.5K. At the same time, the bulls manage to form a strong support near $38K. The FxPro Analyst Team emphasized that in terms of technical analysis, BTCUSD remains close to its 50-day moving average, clearly indicating the absence of any trend now. However, a consolidation in a descending triangle is usually a respite before the next decline. We will see the implementation of this scenario if BTCUSD fixes under $38K. An alternative scenario and a new upside momentum should be expected if the bulls manage to push the price above the previous highs of $42.5K, or close the day/week above $42K. News to consider Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025. The State Russian Duma urged to speed up the launch of the cryptoruble in order to better bypass Western sanctions. Meanwhile, the Central Bank of the Russian Federation recommended that banks strengthen control over the operations of clients related to cryptocurrencies.
🔥 SHIBA Volatile Move Ahead: Triangle Analysis

(SHIB) Shiba Inu Price Has Lost The Gains From The Recent Past

FXStreet News FXStreet News 18.03.2022 16:02
Shiba Inu price action falls back to Monday’s opening levels, making it a week of hardly any gains or losses. SHIB price action looks a bit bearish as another broader support test is set to kick in later today. SHIB price is still set to tank to $0.00001500 as bearish momentum continues. Shiba Inu (SHIB) price action retook a step back and pared almost all the gains from Wednesday’s rally. Investors are swinging back into bearish mode as tail risks emerge and are put at the top of the agenda going into the weekend. Conflicting rumours and contrary remarks from what is going on in Ukraine are keeping investors puzzled and refraining them from continuing to open risk-on bets. Shiba Inu price sees puzzled investors turning their back on crypto Shiba Inu price action is set to erase its gains from earlier this week. SHIB price rose after the news that peace talks were making good progress. Yet this all looked to be thrown in the bin overnight as several headlines came out about Russiabeing not at all optimistic, and the US even putting the threat of nuclear weapons back on the table, as it sees Russia possibly trying to squeeze out a peace agreement that meets all of its demands but none of Ukraine’s. Shiba Ina and other cryptocurrencies saw bulls repeating the same mistake as last week when they got squeezed out by the weekend. SHIB price action is again dropping back to the baseline of a longer term triangle with the green trend line as its base. Multiple tests up until now have been held, but with the meeting between Biden and Xi this evening, it looks clear that the US wants to get a clear answer from China as to whether it is with the US against Russia, or with Russia – offering no middle ground. The tail risk from this meeting going into the weekend could trigger a break at $0.00002111 and see a drop towards $0.00001708, the low of January, which could well overshoot towards $0.00001500. SHIB/USD daily chart Of course, a truce or ceasefire would help turn the current sentiment around. If that were to happen expect a big pop in price action, capped at a max 13% gain, to where the red descending trend line and side of the triangle intersect with the 55-day Simple Moving Average (SMA) . Yet at the moment this seems an impossible hurdle to break through seeing the weakness of bulls currently at hand.
Potential recovery to approx. US$2,000

Potential recovery to approx. US$2,000

Florian Grummes Florian Grummes 20.03.2022 10:13
Starting at a low of US$1,780 on January 28th, gold went up rapidly US$290 within less than six weeks, reaching a short-term top at US$2,070. Since that high on March 8th, however, gold prices fell back even faster. In total, gold plunged a whooping US$175 to a low of US$1,895 in the aftermath of last week’s FOMC meeting. A quick bounce took prices back to around US$1,950, but the weekly close at around US$1,920 came in lower.This volatile roller coaster ride is truly not for the faint of heart. Nevertheless, gold has done well this year, and, despite a looming multi-months correction, it might now be in a setup from which another attack towards US$2,000 could start in the short-term.Gold in US-Dollar, weekly chart as of March 19th, 2022.Gold in US-Dollar, weekly chart as of March 19th, 2022.On the weekly chart, gold prices have been rushing higher with great momentum. For five consecutive weeks, the bulls were able to bend the upper Bollinger band (US$1,963) upwards. However, the final green candle closed far outside the Bollinger bands and looks like a weekly reversal. Consequently, if gold has now dipped into a multi-month correction, a retracement back to the neckline of the broken triangle respectively the inverse head & shoulder pattern in the range of US$1,820 to US$1,850 would be quite typical and to be expected. In this range, the classic 61.8% retracement of the entire wave up (from the low at US$1,678 on August 9th, 2021, to the most recent blow off top at US$2,070) sits at US$1,827.79. The weekly stochastic oscillator has not yet rolled over, but weekly momentum is overbought and vulnerable.In total, the weekly chart shows a big reversal and therefore no longer supports the bullish case. However, it could still take some more time before a potential correction gains momentum.  Gold in US-Dollar, daily chart as of March 19th, 2022.Gold in US-Dollar, daily chart as of March 19th, 2022.While the weekly chart may just be at the beginning of a multi-month correction, the overbought setup on the daily chart has already been largely cleared up by the recent steep pullback. Despite Friday’s rather weak closing, the odds are not bad that gold might very soon be turning up again. However, gold bulls need to take out the pivot resistance around US$1,960 to unlock higher price targets in the context of a recovery. The potential Fibonacci retracements are waiting at US$1,962, US$2,003 and US$2,028. Hence, gold could bounce back to approx. US$2,000, which is a round number and therefore a psychological resistance.On the other hand, if gold fails to move back above Thursday’s high at US$1,950, weakness will increase immediately and significantly. In that case, bulls can only hope that the quickly rising lower Bollinger Band (US$1,861) would catch and limit a deeper sell-off. But since the stochastic oscillator has reached its oversold zone, bears might have a hard time pushing gold significantly below US$1,900.Overall, the daily chart is slightly oversold, and gold might start a bounce soon. Conclusion: Potential recovery to approx. US$2,000After a strong rally and a steep pullback, the gold market is likely in the process of reordering. While the weekly timeframe points to a correction, the oversold daily chart points to an immediate bounce. Given these contradictory signals, investors and especially traders are well advised to exercise patience and caution in the coming days, weeks, and months. If gold has entered a corrective cycle, it could easily take until the early to mid-summer before a sustainable new up-trend might emerge.Alternative super bullish scenarioAlternatively, and this of course is still a possible scenario, the breakout from the large “cup and handle” pattern is just getting started. In this very bullish case, gold is in the process of breaking out above US$2,100 to finally complete the very large “cup and handle” pattern, which has been developing for 11 years! Obviously, the sky would then be the limit.To summarize, gold is getting really bullish back above US$2,030. On the other hand, below $US1,895 the bears would be in control. In between those two numbers, the odds favor a bounce towards US$1,960 and maybe USD$2,000.Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can also subscribe to our free newsletter.Disclosure: Midas Touch Consulting and members of our team are invested in Reyna Gold Corp. These statements are intended to disclose any conflict of interest. They should not be misconstrued as a recommendation to purchase any share. This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting.By Florian Grummes|March 19th, 2022|Tags: Gold, Gold Analysis, Gold bearish, Gold bullish, gold chartbook, Gold consolidation, gold fundamentals, Gold sideways, precious metals, Reyna Gold|0 Commentshttps://www.midastouch-consulting.com/gold-chartbook-19032022-potential-recovery-to-approx-us2000About the Author: Florian GrummesFlorian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks. Besides all that, Florian is a music producer and composer. Since more than 25 years he has been professionally creating, writing & producing more than 300 songs. He is also running his own record label Cryon Music & Art Productions. His artist name is Florzinho.
Can Bitcoin (BTC) Become An Alternative To... Gold? BTC Increased By 6.3% And Reached Ca. $41.3k

Can Bitcoin (BTC) Become An Alternative To... Gold? BTC Increased By 6.3% And Reached Ca. $41.3k

Alex Kuptsikevich Alex Kuptsikevich 21.03.2022 09:33
Bitcoin gained 6.3% over the past week, finishing near $41.3K. The price retreated slightly to $41.0K on Monday morning, losing 2.1% over the last 24 hours. Ethereum has corrected by 2% over the same period but still added 11.6% to the price seven days ago. Other leading altcoins in the top 10 have gained between 7.3% (Polkadot) and 24.8% (Avalanche) over the past week. Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 7.5% for the week to $1.86 trillion. The Bitcoin Dominance Index fell 0.6 points to 41.9% due to outperforming altcoins. The Cryptocurrency Fear and Greed Index rose 7 points for the week to 30 and moved into "fear" from "extreme fear". Last week turned out to be a good one for the crypto market, with bitcoin rising the most in six weeks. Last Wednesday, the US Federal Reserve meeting weakened the dollar and boosted stocks, which benefited all risky assets, including cryptocurrencies. Meanwhile, bitcoin has continued to trade in a sideways range of $38-45K for the second month, with a closer look marked by a sequence of declining local highs with bullish momentum fading near 42 in the last two weeks. The positive sentiment is supported by the 50-day moving average reversing upwards. BTCUSD broke it in a relatively strong move on March 16th, and it has been acting as local support ever since. The external environment in the financial markets remains mixed. Traders have tighter financial conditions due to higher rates and waning economic growth on one side of the scale. On the other side is the demand for purchasing power insurance for capital due to the highest inflation in two generations. Weighing these factors, Galaxy Digital head Mike Novogratz said bitcoin would continue to trade in a sideways range this year. He said BTC will resume growth and reach $500K by 2025 as inflation curbing measures are too weak. Piyush Gupta, chief executive of Singapore's largest bank, DBS, said cryptocurrencies could be an alternative to gold but would not be able to fit into the traditional financial system due to excessive volatility.
$30 Trilion Crypto Market Cap!? Regulated Cryptocurrencies Might Increase Demand!

$30 Trilion Crypto Market Cap!? Regulated Cryptocurrencies Might Increase Demand!

Alex Kuptsikevich Alex Kuptsikevich 24.03.2022 09:22
Bitcoin is trading above $43K on Thursday morning, gaining 2.5% over the past 24 hours. Moderate but steady optimism around bitcoin is the best breeding ground for altcoin buyers. Bitcoin is trading around the resistance For the last ten days, we have seen a systematic increase in prices, although with a very modest amplitude by the standards of the crypto market. Ethereum added 3.4%, other leading altcoins from the top ten are in the range from +1% (XRP) to +12% (Dogecoin). According to CoinMarketCap, the total capitalization of the crypto market grew by 2.8% over the past day, to $1.96 trillion. The Bitcoin Dominance Index lost another 0.2% to 41.7%. The crypto-currency index of fear and greed has grown by 9 points, to 40. This is still a fear zone, but already close to neutral territory. Bitcoin retreated from the resistance at $43K on Tuesday. However, on Thursday it is making attempts to gain a foothold above this mark again. The last rollback in this case could be nothing more than a tactical retreat of the bulls in order to develop growth with renewed vigor. Nevertheless, confidence in the formation of a strong bullish momentum will come only after BTCUSD fixes above 45 thousand, from where we saw reversals in February and early March. Moderate but steady optimism around bitcoin is the best breeding ground for altcoin buyers. It is clearly seen that their dynamics is now better than that of the first cryptocurrency. If this trend continues for a couple more days, the effect of a feedback loop may work, when the outstripping growth of altcoins will pull Bitcoin up. Market Cap may grow in 15 times Bank of America predicts that regulation of the cryptocurrency market will increase confidence and increase its capitalization by 15 times, up to $30 trillion. The former head of one of the divisions of Bank of America, David Woo, believes that bitcoin will face economic and geopolitical pressure after the launch of the state digital currency (CBDC) of the United States. China has already acted in a similar way, which has come closest to the introduction of the digital yuan. Thailand will ban the usage of cryptocurrencies as a means of payment from April 1. They declared that such payments have a negative impact on the financial system and reduce the effectiveness of the state's monetary policy.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos on the front foot as rebound turns into new uptrend

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos on the front foot as rebound turns into new uptrend

FXStreet News FXStreet News 24.03.2022 16:22
Bitcoin price set to touch $45,000 by tomorrow if current tailwinds keep supporting price action. Ethereum price set to rally another 12%, with bulls targeting $3,500.00XRP price undergoes consolidation as the next profit level is $0.90.Bitcoin price, Ethereum and other cryptocurrencies are enjoying a calm week with tailwinds finally able to thrive without constant interruption from headlines about Ukraine or Russia. Markets are also starting to adjust to the situation, with no immediate or significant movements anymore triggered by headlines coming out. Expect to see more upside with several possible cryptocurrencies eking out the best week of the year thus far.Bitcoin price has a defined game plan with $44,088 as the target for today and $45,261 by the weekendBitcoin (BTC) price is on the front foot for a third consecutive day as the rally turns into a broader uptrend. The crucial thing will be to see where BTC price will close this week, as bears need to get weakened with several short squeezes and breakouts running stops from short-sellers. Despite being elevated, the Relative Strength Index (RSI) is still not near the 'overbought' level, providing enough incentive for bulls and investors to keep buying BTC price action.BTC price is set to hit $44,088.73 today, the level of the March 03 highs. If that is gained – and given the current tailwinds – markets will start to expect Bitcoin to eke out new highs for the month with still a week to go. This additional bullish element should help conclude a daily close above $44,088.73. A support test on that same level will trigger new inflows from investors and provide the needed juice to pump price action up to $45,261.84, topping $45,000.00.BTC/USD daily chartA tail risk comes from the big joint meeting today in Brussels, with Biden meeting NATO, the G7 and E.U. leaders. An embargo on gas is on the table and could roil markets if the E.U. decides to walk away from Russian gas supplies, opening up the possibility of further Russian retaliation in Ukraine. That would make global markets move back to risk-off mode, with Bitcoin price dropping back to support at $39,780.68, and intersecting with the green ascending trend line. Ethereum price targets $3,500 after bulls force a daily close above $3,018.55Ethereum (ETH) price is performing a 'classic long' trading plan today after bulls pushed a daily close above $3,018.55. With price action in ETH opening slightly above this level, this morning, the price has faded slightly back towards that same $3,018.55 level to find support and offer the opportunity for new bulls and investors to enter the market. Ethereum price will move back to the upside and continue its rally, which is currently looking more and more like an uptrend that could continue over a broader time frame.ETH price will therefore need to find support around $3,018.55 as the fade will need to be kept in check, as too large a fade could spook investors. Seeing as the current favourable tailwinds are quite broadly present in global markets, expect to see another uplift towards $3,200 and $3,391.52 depending on the number of new positive headlines acting as additional accelerators. With those moves, at least new highs for March will be printed and possibly for February, depending on how steep the rally can continue.ETH/USD daily chartThe risk for Ethereum price is that price action slips back below $3,018.55. That could open the door for bears to jump in again and run price action back to $2,835.83, which is the low of March 21 and the monthly pivot. An additional fail-safe system is the 55-day Simple Moving Average at $2,808.84 as an additional supportive factor to take into account.https://youtu.be/wgpCSH70SIQXRP price undergoes consolidation as the bullish breakout hits $0.90Ripple's (XRP) price has bears and bulls being pushed towards each other as the bodies of the candles from the past two sessions grow very thin. This points to bulls and bears fighting it out and neither yet having the upper hand. Bears are defending the area above $0.8390 from bulls running to $0.8791, and bulls are trying to defend their support at $0.7843. With lower highs and higher lows, the stage is set for a breakout that, seeing the current tailwinds, will probably favour bulls, and result in a quick move towards $0.8791.XRP price is thus set to print new highs for March. With the stock markets having their best performing week for this year, expect to see even more tailwinds spilling over to cryptocurrencies and bulls targeting $0.9110. At that level, bulls will run into the 200-day SMA which will possibly be the halting point of the current uptrend as investors will need to reassess the situation before they advance. Where global markets are at that point and how far off a peace treaty is between Russia and Ukraine will determine if bulls will advance towards $1.00 in XRP price.XRP/USD daily chartAlthough several statements suggest it is unlikely, should Putin be backed further into a corner, the use of nuclear weapons could cast a dark shadow on markets. Expect a massive drop in equities and cryptocurrencies with those headlines coming out, where XRP price will fall towards $0.7843 or even $0.7600. In the first case, the historic pivotal level will provide support and further down, the monthly pivot is set to intertwine with the 55-day SMA, which should be enough to catch any falling-knife action. https://youtu.be/ZWrKMd2CiL8
Price Of Gold Nears $45k As Many Authorities Are Speaking Of Crypto

Price Of Gold Nears $45k As Many Authorities Are Speaking Of Crypto

Alex Kuptsikevich Alex Kuptsikevich 25.03.2022 08:52
Bitcoin is trading above $44.1K on Friday, gaining 2.4% over the past day and 8.2% over the week. Increased inquiry for BTC Yesterday, the first cryptocurrency was in demand during the Asian and American sessions. The current values of BTC are consolidating in the area of 2-month extremes. In contrast to the previous test of these levels, this time, we see a smooth rise in the rate, indicating that the bulls still have some momentum. Also, over the past 24 hours, Ethereum has gained 2.4%, while other leading altcoins from the top ten have strengthened from 0.5% (XRP) to 7.4% (Solana). The exception is Terra, which is shedding 1.8%, correcting part of its gains in the first half of the week. According to CoinMarketCap, the total crypto market capitalization increased by 2.3% to $2 trillion. The Bitcoin Dominance Index rose 0.1 percentage points to 41.8%. The Fear and Greed Cryptocurrency Index added another 7 points to 47 and ended up in the neutral territory. Cardano leads the last week in terms of growth among top coins (+39%) as Coinbase added the possibility of staking cryptocurrency with a current estimated annual return of 3.75% per annum. Countries assess the risks of cryptos Credit Suisse reported that Bitcoin doesn't pose a threat to the banking sector as an alternative to fiat money and banking services. The CEO of BlackRock, one of the world's largest investment companies, noted that military actions in Ukraine and sanctions against Russia will increase the popularity of cryptocurrencies and accelerate their adoption. Despite the rally in global stocks over the past two weeks, financial conditions in the debt markets continue to deteriorate due to rising interest rates and inflation. Largely because of this, El Salvador has postponed the issuance of bitcoin bonds in anticipation of more favorable conditions. Since very active steps to raise key rates are expected in the next year and a half, and Bitcoin is far from the highs, it is unlikely that such bonds will be issued soon. The Bank of England intends to tighten supervision of cryptocurrencies due to the financial risks that their adoption carries. However, the Central Bank urged commercial banks to exercise maximum caution when dealing with these extremely volatile assets.
Is There Any Gold in Virtual Worlds Like Metaverse?

Is There Any Gold in Virtual Worlds Like Metaverse?

Finance Press Release Finance Press Release 25.03.2022 12:15
Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Terraform Labs - Liquidity Pool, SINGLE - dApp Available - DeFi Update (28/03-03/04/22)

Crypto - A "Financial Bubble" And Fictional Backup?

Alex Kuptsikevich Alex Kuptsikevich 28.03.2022 08:39
Bitcoin rose 9.1% over the past week, ending it around $46,100. Ethereum added 9.5%, while other leading altcoins from the top ten rose in price from 3.2% (XRP) to 27.4% (Cardano). The exception was Terra (-0.4%). Bitcoin broke the resistance According to CoinGecko, the total capitalization of the crypto market increased by 9.9% in a week, to $2.14 trillion. The Bitcoin Dominance Index added 0.2% to 40.6%. The Cryptocurrency Fear and Greed Index rose 18 points in a week to 49 and moved from "fear" to neutral. Bitcoin rose for the second week in a row against the backdrop of strengthening stock indices. On Sunday, BTC broke through strong resistance around $45,000, which reversed its downward movement several times in February and early March. The technical picture favors further gains as Bitcoin climbed above the 100-day moving average (MA) for the first time since early December and heads towards the 200-day MA ($48,200). Cryptos found new drivers for the growth The FxPro analyst team mentioned a possible driver of the uptrend in BTC are rumors about the intentions of the non-profit organization Luna Foundation Guard (LFG) to invest in bitcoin. On March 27, it became known that LFG bought more than $1.1 billion worth of coins to ensure the stability of the Terra USD (UST) algorithmic stablecoin. The best dynamics among altcoins was demonstrated by Cardano against the backdrop of the announcement of ADA staking by Coinbase crypto exchange. Meanwhile, well-known crypto critic Peter Schiff again criticized the cryptocurrency, comparing it to a financial bubble and calling it stupid for people to save their savings from inflation by buying BTC. According to Schiff, cryptocurrencies have no real value and are backed by people's trust in the same way as fiat currency.
Crypto trading volume exceeds $100 billion in 24 hours as bulls flock to the market

Crypto trading volume exceeds $100 billion in 24 hours as bulls flock to the market

FXStreet News FXStreet News 28.03.2022 16:34
Proponents noted a 63.07% spike in the total transaction volume of cryptocurrencies across exchanges. Coinmarketcap data reveals a month-on-month increase of 4.75% in crypto trading volume. Bitcoin price crossed $47,000, fueled by $200 million shorts liquidated across exchanges. Bitcoin price is rallying, fueled by a frenzy of massive short liquidations on crypto exchanges. Proponents believe bulls have flocked to the market, as transaction volume exceeded $100 billion. Bitcoin price pushes past $47,000 in recent rally Bitcoin price crossed key resistance to hit a high above $47,000 in a rally fueled by the liquidation of millions of short positions. Analysts at the crypto intelligence platform Santiment observed a massive liquidation of shorts across exchanges at 1 pm and 6 pm UTC across crypto exchanges on March 27, 2022. Analysts argue that Bitcoin’s recent price rally to $47,000 was a response to liquidation in large quantities over the weekend. The average funding rate entered the long zone, where uncertainty among market participants increased. Therefore, analysts conclude that Bitcoin shorts have fueled the asset’s ongoing rally. Bitcoin and altcoin shorts liquidatedColin Wu, a Chinese journalist, reported a spike in the total transaction volume of cryptocurrencies, exceeding $100 billion over the past 24 hours. Wu referred to data from Coinmarketcap and observed a 63.07% increase in crypto transaction volume compared to March 26, 2022. The total crypto market value now exceeds $2.12 trillion. Historically, analysts have witnessed high transaction activity when large wallet investors flock to the market or scoop up crypto. Bloomberg analysts argue that Bitcoin looks overbought, compared to its 50-day Moving Average. Bitcoin price crossed key resistance at $45,000 in the current rally, erasing its losses for the year. FXStreet analysts have evaluated Bitcoin price and predicted the start of a new uptrend in the asset, as it crossed the $45,000 level.
Binance Academy: Sandbox (SAND), Decentraland (MANA) ENJIN (ENJ) And Bloktopia (BLOK) Explained

It's Not A Surprise Many Investors Wonder Which Altcoins To Buy

Alex Kuptsikevich Alex Kuptsikevich 31.03.2022 08:53
Bitcoin has been losing 0.7% in the last 24 hours to $47K. Ethereum added 0.2%, while other leading altcoins from the top ten rose from 0.3% (XRP) to 8.6% (Solana). BTC is going lower According to CoinGecko, the total capitalization of the crypto market grew by 0.7% over the day, to $2.15 trillion. The dominance index immediately fell by 0.6 points to 41.5% due to the strengthening of altcoins. Cryptocurrency index of fear and greed by Thursday rolled back from 55 to 52 points and is now in a neutral state. Solana led the way with news from NFT platform OpenSea, which announced in April that they would add support for tokens on the SOL blockchain. Bitcoin continues to cautiously retreat lower from its 200-day moving average at $48,200, building up strength ahead of a likely move north. The decline in US stock indices on Wednesday after four days of growth also did not contribute to the positive dynamics. Investors are searching for new ideas The FxPro Analyst Team emphasised the outstripping growth of altcoins: it is worth paying attention to in order to understand that among cryptocurrency traders there are no fears for the sector, but there is a search for new ideas, away from institutional capital and the eyes of politicians. There is an influx of stablecoins to centralized platforms, which may indicate the interest of investors in the upcoming purchases of cryptocurrencies. According to a survey by blockchain company StarkWare, 50% of Americans see cryptocurrencies as the future of the financial system. According to Morning Consult, more than 91% of Americans have already heard about cryptocurrencies, of which 19% are owners of digital assets. Bitcoin miners made $3 billion in three months, according to Coin Metrics. ETH miners earned more in the same time period, about $3.7 billion.
Back to Altcoins - What Are They? (ADA) Cardano Price, (LTC) Litecoin And Bitgert (BRISE) Analysis

Back to Altcoins - What Are They? (ADA) Cardano Price, (LTC) Litecoin And Bitgert (BRISE) Analysis

Rebecca Duthie Rebecca Duthie 12.04.2022 11:36
Altcoins refer to any other form of cryptocurrency other than Bitcoin, that means almost every other coin out there is an Altcoin. There are different types of altcoins; such as Stablecoins, Mining-based coins, Stacking-based coins and Governance tokens. Stablecoins are cryptocurrencies that are designed to replicate the price of another asset. Mining-based coins are cryptocurrencies that use a mining process to verify transactions and produce more coins. Stacking-based coins are the same as mining-based coins except they use a process called Stacking to verify transactions and produce more coins. Governance tokens are cryptocurrencies that give holders voting rights to help shape the future of the project. Altcoins can add diversity to your investment portfolio, they’re worth investing in if you're willing to do your homework! Cardano revolutionizing smart contacts A smart contract is one that happens between 2 parties on its own,the terms of the agreement between the parties is directly written into a line of code. The code and the agreements resulting exist across a distributed, decentralized blockchain network. Over the past month, we have seen the price of Cardano peak and fall, today the price is sitting at $0.954, a -5.6% change between yesterday and today, however the cryptocurrency seems to be on the rise this morning. Other than current market conditions and cryptocurrency volatility, the reason for the fall in the price of Cardano can be attributed to the high competition from Bitgert BRC20 Chain. Cardano Price Chart Related article: ECB To Shock Markets In The Following Week!? US Dollar Rate Under Pressure As Well! Bitgert Wins in Growth and Development According to some sources, Bitgert (BRISE) currently has one of the most powerful blockchains today. Whilst other cryptos have been underperforming, BRISE has managed to pull through with incredible returns. BRISE is the first BRC20 blockchain or the gasless blockchain, with their innovation and constant growth, they are performing exceptionally well in the cryptocurrency market. Today BRISE's overall price started low but it seems to be recovering, this is definitely a cryptocurrency to watch for in the future. BRISE Price Chart Litecoin(LTC) was released around the same time as Bitcoin which makes it amongst one of the oldest cryptocurrencies in the market Litecoin was released around the same time as Bitcoin which makes it amongst one of the oldest cryptocurrencies in the market, it is still in the top 10 top regarding market cap. The only difference between Bitcoin and Litecoin is the time in which it takes to generate a block, Litecoin takes 75% less of the time it takes Bitcoin to generate a block. We have seen the value of Litecoin rise and fall within the past month. Once the volatility of the crypto market calms down, hopefully the price of this coin will stabilize. Litecoin Price Chart Related article: What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies Charts: finance.yahoo.com & coinmarketcap.com
The Scale Versus the Casino

The Scale Versus the Casino

David Merkel David Merkel 28.04.2022 07:55
Photo Credits: Jen and www.david baxendale.com with help from pinetools || The casino is exciting. The scale is honest and unrelenting. I want to give an update to one of the major concepts of Ben Graham, in order to make it fit the modern era better. Ben Graham said: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.”https://www.goodreads.com/quotes/831517-in-the-short-run-the-market-is-a-voting-machine quoted from The Intelligent Investor So let me modify it: In the short run, the market is a casino, but in the long run, it is a scale. Is this an improvement? Probably not, but speculation has become so rampant that it may be a necessary modification to change voting machine to casino. The voting machine makes sense, but typically we think of voting as being democratic. We only get one vote per person. Markets are different. Someone who brings a little money to the market will not have the same influence as the one who brings a lot of money to the market. Thus my analogy of the casino, though typically casinos will place limits on how much the casino will wager. They want to avoid random large losses so that they can live to extract money from rubes for many years to come. The winner can brag that he “broke the bank,” but the casino survived to play on. Bill Hwang and his CFO were formally charged with fraud today. What did they do? They synthetically borrowed a lot of money from investment banks to own huge amounts of a few companies. Their buying pushed the prices of the stocks higher, allowing them to borrow more against the positions. But eventually as the stocks they owned had some bad results, the margin calls on his positions wiped him out as the stock prices fell. The scale trumped the casino. The same is true of crypto and meme stocks. Cryptocurrencies require a continuing inflow of real cash (admittedly fiat money) in order to appreciate. If people stop buying crypto on net, and that may be happening now, cryptocurrencies will decline. The scale says crypto is a zero — no intrinsic value. The casino begs for more people to bring real money to buy fake money. That applies to meme stocks as well. You can throw a lot of money at a stock and it will rise. But for it to stay there or rise further, it will need increasing free cash flows to validate the value of the firm. Going back to crypto, it lacks any link to the real economy. Crypto will only become legitimate when you can buy groceries and gasoline at a fixed amount of bitcoin that varies less than the same price in US dollars. As a final note on the Scale versus the Casino, I give you Elon Musk. He borrows against his shares of Tesla to buy Twitter. He either did not realize or ignored the fact that he could lose his stake in Tesla if the price of Tesla falls enough. Do you really want the margin desk to control your fate? This may not totally impoverish Musk, but it is not impossible that he could the entirety of his holdings of Tesla in order to keep his holdings of the unprofitable Twitter. All it would take is for short sellers to push Tesla below $740, and then the margin desk starts selling his shares into a falling market. Momentum, aided by an agreement leading to forced selling. The market abhors a vacuum. So it is for those who assume that things will continue to go right for them.
Altcoins: No real progress for (ADA) Cardano the last two months  | InstaForex

(ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)

Rebecca Duthie Rebecca Duthie 04.05.2022 10:28
Cardano’s mission is “Making The World Work Better For All” Cardano Coin was released in September of 2017, and has grown since, their current Diluted Market Cap is sitting at more than $34 Billion. Like Bitcoin (BTC) the ADA coin has a maximum supply of 45 billion coins. Cardano’s mission is “Making The World Work Better For All ''. Cardano is a blockchain platform that was designed for change makers, innovators and visionaries. The platform has the tools and technologies that are required to create possibility for the many, as well as the few and to create global change. Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?  Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Cardano is a proof-of-stake blockchain platform. Proof-of-stake is Cardano’s way of verifying transactions, which is necessary due to the decentralised nature of cryptocurrencies. With proof-of-stake, the owners of Cardano can stake their coins which then gives them the right to check new blocks of transactions and add them to their blockchain. Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Engineers work with the team to achieve this. Cardano was the first proof-of-stake platform to be founded on peer-reviewed research and developed through evidence-based methods. The platform provides unparalleled security and sustainability to the decentralised applications, systems and security through making use of pioneering technologies. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. The Cardano platform is the first blockchain to implement the first peer-reviewed, verifiably secure blockchain protocol. The Ouroboros allows Cardano decentralisation, Ouroboros allows the platform to grow according to global requirements without badly compromising the security. Cardano is piling their resources to try and fix the scalability and resilience issues experienced by the more dominant coins, such as Bitcoin and Ethereum. Advantages of Cardano: Cardano restores trust to global systems, using science they create a more transparent, secure and sustainable foundation for systems to govern, enterprises to grow and for individuals to exchange and transact. Cardano is green and environmentally friendly. Cardano has a two-layer core architecture making its coin mining process more efficient. Cardano has a Clearing Level (CSL), this allows users to instantly trade ADA with lower fees. The sustainability of Cardano could be the one trait that gives the coin the upper hand over most of the others. How bright is the future of Cardano? Experts believe that Cardano could be able to compete with Ethereum in the future thanks to its proof-of-stake method. This is because Cardano uses their proof-of-stake as security to keep the system running, ulike Ethereum which relies heavily on computing power and environmental resources to maintain the blockchain. The proof-of-stake method has become so popular and intriguing that even Ethereum plans to switch in the future, and many investors are switching from Ethereum to Cardano. How to invest in Cardano: The Cardano (ADA) coin is listed on many major exchanges, it has a lot of trading volume and liquidity. It is necessary to create a coin base account. One of these accounts will also give you access to more coins. Buy Cardano. The past, present and potential future price of Cardano (ADA). When the ADA coin was launched, there was an initial price surge but for a while after the price surge, the growth was pretty stable. In mid 2021 the price surged to above $2.5, yet has since fallen again. The price of Cardano is currently on a negative trend, there are many possible reasons for this, one being the current wider economic market causing a risk-averse attitude. In general there is currently negative investor sentiment in the crypto market, which means Cardano is not the only coin having price trouble. In an attempt to flip their current price trend, the developers of Cardano recently increased their block size by 10%. However, this move did not have the desired effect as the price has continued to fall since the announcement. Cryptocurrencies are normally a volatile market, because of this it is difficult to read the future market and with current wider markets as they are at the moment, it is hard to predict where this coin is actually headed in the future. Although ADA has potential to compete with larger coins, it is still in question on how long this coin may be around for. Cardano (ADA) Price Chart For this coin there is potential for high returns and low barriers for entry. However, given the current market sentiment and its potential for change if situations in the wider market improve, there is a possibility for this coin to recover in the future. Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  Sources: Finance.yahoo.com, cardano.org, cardanofeed.com, capital.com, thecollegeinvestor.com, fool.com
Solana Mobile Phone coming soon? | Crypto Market Talk | Swissquote

(SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?

Rebecca Duthie Rebecca Duthie 05.05.2022 12:47
Summary: A look into what the Solana (SOL) platform is. History of Solana. Advantages of holding the token. A look into what makes Solana unique.   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    The Solana coin was founded in 2017 during the initial coin offering (ICO) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies when referring to total market capitalisation. SOL market capitalisation and Coins in Circulation. The current number of Solana’s SOL tokens in circulation is more than 334 million and a current total market capitalisation of more than $30 billion. The supply of Solana’s SOL tokens is unlimited, it releases a number of tokens every year based on the YOY inflation rates. The blockchain trilemma. The blockchain trilemma refers to the three major issues in blockchain: decentralisation, scalability and security. Scalability in blockchain refers to the ability for a cryptocurrency to handle a large influx of transactions at one time. SOL, Solana’s native token allows users to transfer value as well as blockchain security through staking. Solana’s cryptocurrency is called SOL. It is Solana’s native token and it allows users to transfer value as well as blockchain security through staking. Solana is a highly functional open source project that implements a new high-speed permissionless 1-layer blockchain. Solana combines Proof-of-history (PoH) and the super fast synchronisation engine in one algorithm, which is a type of proof-of-stake (PoS). This algorithm can (theoretically) process over 710000 transactions per second, without scaling solutions needed.   Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?    Proof-of-history, VDFs, proof-of-stake and synchronisation: Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Third-generation blockchain. Solana’s blockchain is a third-generation blockchain, and is designed to facilitate smart contracts and decentralisation applications (DApp). Solana supports nonfungible tokens (NFTs) and decentralised finance (DeFi). What makes Solana unique? The hybrid blockchain platform created by Solana (mixing proof-of-history and proof-of-stake concepts) is unique; they compromise on decentralisation to produce max speeds. By compromising on decentralisation the Solana platform makes it easier to scale the coins. Basically speaking, by focusing on one node chosen by the proof-of-stake mechanism which sequences messages between the nodes. Solana also links transactions by hashing the output of one transaction and using it as the following transaction input. This is how Solana uses its proof-of-history mechanism. Advantages of holding the SOL token. Solana can process up to 50000 transactions per second with extremely low fees. Solana has achieved a high level of scalability by leveraging the proof-of-history mechanism and several other breakthrough innovations. Solana has managed to achieve economies of scale and kept the transaction fees extremely low. Solana ensures composability between projects. Solana has very high network speed and high liquidity. SOL is not difficult to buy. How to buy SOL: It is necessary to obtain a crypto exchange account. Purchase SOL on one of the more popular exchanges such as; Coinbase, Crypto.com, Gemini, Binance, Kucoin. The price future and history of Solana’s SOL After its launch in March 2020, Solana’s price struggled to gain upward momentum. In the summer of 2021, hype for crypto and NFTs and growing demand in the DeFi community caused the price of SOL to triple. In 2022 the market has been extremely volatile with investor sentiment turning risk-averse, the price of SOL has struggled to show any real trend or stability. The price of Solana is expected to increase even further in the future. Solana (SOL) Price Chart With the current wider adverse economic conditions, the price of most cryptocurrencies are facing challenges, with changing investor sentiment, the current price is constantly changing.   Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!    Sources: solana.com, cointelegraph.com, docs.solana.com, cryptovantage.com, statistica.com
US Close – Stock rebound in volatile trade, Crude prices crumble, Gold falls, Bitcoin follows Nasdaq rally

($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.

Rebecca Duthie Rebecca Duthie 06.05.2022 10:22
Summary: A look into the Chingari network. The launch of the latest version of the GARI token. Price of GARI in the future. Gari Panda.   Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?    Chingari App is a short video-sharing app. Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. GARI was India's first crypto token. GARI was India's first crypto token launched in October 2021, the public sale raised over $40 million. These funds will be used to expand the chingari team and enhance technology and to increase market initiative to strengthen the brands reach. GARI token is referred to as a social token; this type of token is one where a brand, influencer or community can use to monetize themselves beyond the typical means. $GARI NFT marketplace acts as both an in-app currency and as a governance token. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. Recall that non-fungible tokens (NFTs): are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They represent a real-world item, by purchasing these real world items through NFTs, it makes purchasers less vulnerable to fraud and the process of buying and selling more efficient. Chingari Mission: Their mission is: “Our mission is to institutionalise space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.” Short video + short social + social commerce + social ed-tech + social entertainment on blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari is a cryptocurrency that was created in india; In 2020 Chingari noticed there were only limited avenues social media influencers could go down in order to make money on their social media platforms, Chingari saw this as an opportunity and ended up sharing 30% of their revenue earned on the platform with the creators. GARI is disrupting the influencer, digital artist and videographer economy - by allowing these creators to make money in crypto for creating and sharing their content. Ways to make money in GARI crypto in the future: Play-2-earn: Earn GARI tokens by playing games in the App. Watch-2-earn: earn Gari tokens by watching videos. Engage-2-earn: like and comment on videos on the chingari app and earn Gari tokens. GARI NFT token launch date timeline: In august of 2021, chingari began the development work for the GARI NFT token, they even managed to get funding from Solana to help fund their token creation. Since then the developers have been running simulations to test the token's resilience. In Q1 of 2022 the token developers created all the more defining elements of this coin such as the smart contracts and exchange listings, this quarter also saw the NFT and exchange wallet drops. Going forward there are still aspects to the coin that need to be defined and released, the launching of the $GARI NFT token in the United States and Europe is set for 2023. GARI Panda, What is it and how will it work? GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders. In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs. These Gari Panda NFTs grant access to NFT-only perks such as: Exclusive access to chingari ads club. Music and video streaming revenue-share. Participate in future business opportunities initiated by the GARI community. Exclusive access and earning from P2E games. Advantages of buying and holding a Gari Panda NFTs: Access to the Chingari Metaverse: this gives users access to a platform for virtual gigs by celebrities and influencers, Virtual Reality experience is also currently being built on the app. Access to Rewards. Chingari Panda Club: Exclusive invites to “invite-only” parties with celebrities who collaborate with chingari. Influence over the Chingari platform and community. Partnership NFTs: GARI will launch partnership NFTs with music and video streaming platforms. Ownership of independent movie production house on Chingari multiplex. NFT staking: panda NFTs would be used as a reward booster for Gari staking, in the future NFT holders will be able to stake their NFTs to earn GARI tokens. Price of Gari Network The current max supply of GARI is 1 billion coins, the current market capitalization and the circulating supply is not currently available. The price of GARI network today is $0.639449. There is potential for this coin to grow in value in the future, although actual estimates are speculative, investors believe it is possible for the tokens price to reach $7 by the end of 2023. GARI Crypto Price Chart   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    Sources: gari.network.com, cryptoadvisor.com, chingari.en.softonic, timesofinida.indiatimes.com, coinmarketcap.com
Binance Academy: What Are Decentralized Applications (DApps)?

What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest

Rebecca Duthie Rebecca Duthie 09.05.2022 13:54
Summary: How does dYdX work? A look into what a perpetual cryptocurrency trading exchange is. Advantages of investing in the dYdX crypto exchange. Past and future price performance. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  dYdD is a decentralised trading platform that is used for cryptocurrency margin trading. Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Since the launch of this platform in September 2021, they have added many features, including lending and borrowing services to decentralise the trading experience. The exchange has a market cap of $258.2 million, a circulating supply of 65569295 with a max of 1 billion. dYdX is a leading crypto exchange that supports perpetual trading. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. dYdX works in the following way: The creation of smart contracts has allowed for cryptocurrency exchanges to create decentralised liquidity pools, collateralisation and lending across popular protocols like Uniswap, Sushi and Compound. dYdX took all of the best decentralised financial technologies and combined them to form a first-of-its-kind cryptocurrency derivatives exchange using crowd sourced liquidity only. To explain this concept more, it means that when you deposit collateral to open a leveraged trading position, you are borrowing from a decentralised liquidity pool that is funded entirely by other traders. Dydx Layer 1 blockchain: Layer 1 is a highly liquid, decentralised exchange for both crypto margin trading and for spot trading. On this layer it is possible to leverage up to 5x your position. As long as users collateralise correctly, it is fast and efficient to borrow funds for your positions. dYdX claims to have built the fastest and most powerful decentralised exchange ever through their layer 2 blockchain. Advantages of layer 2: No gas cost and lower fees: when users deposit to layer 2, the user will no longer be required to pay fees to miners. Fast withdrawals: layer 2 does not have a waiting period to withdraw funds. Security and privacy: increased security and privacy via zero-knowledge rollups*. Very fast: trades are instantly executed and confirmed on the blockchain within hours. Mobile friendly: can be used on any device thanks to upgrades. Cross-margining : users are able to access leverage across positions in multiple markets from a single account. USDC collateral: dYdX allows users to provide USDC as collateral in their trades. *Zero-knowledge rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster whilst ensuring gas fees remain low. How to trade perpetually with Dydx: Download the dYdX trading app and open it. Connect your crypto wallet to the app. Deposit funds into the wallet and then select the “trade” option. Open a trading position with selected leverage and limits. Use the app to track your position's performance. Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?  The dYdX token, the platform gives dYdX tokens to its users in the form of generous rewards. Advantages of the dYdX token: dYdX liquidity staking pool: this feature is important for keeping the exchange alive and financially supported. Trading rewards: it is possible to earn dYdX tokens just by trading on the platform. Discounted trading fees: if users hold dYdX tokens in their wallet, they can receive a 3% discount on trading fees. Governance token: dydx is also used for governance of the protocol, which gives holders voting rights. PAST, PRESENT AND FUTURE PRICE When the token was first launched the price spiked and showed promise, since then the price has been on a consistent downward trend. In general the crypto market is volatile, this is shown in the price changes for this cryptocurrency. Currently with the negative global investor sentiment, the price of cryptos have been falling in general over the past months, which could be a reason this tokens value is currently trading so low. The coin price is forecasted to increase in the future. In 2022, the price is expected to increase by 78% and is expected to continue on this upward trend for the next 5 years. dYdx cryptocurrency Price Chart Sources: academy.shrimp.io. Dydx.exchange, cryptoadventure.com, trading-education.com
Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform

Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform

Rebecca Duthie Rebecca Duthie 10.05.2022 10:46
Summary: Arqu trading platform How to trade and earn yields on the Aqru platform. Advantages of the Aqru platform Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Aqru is a crypto staking platform that makes it simple for investors to earn interest on their cryptocurrency investments. Aqru cryptocurrency is one of the only listed equities primarily offering exposure to the DeFi sector. Aqru currently offers a yield on certain cryptos such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) and Dai (DAI). If investors hold BTC and ETH they can earn up to 7% APY, if investors hold USDT, USDC and Dai, they can earn up to 12% APY. It is easy for investors to take advantage of compounding interest as the interest is paid daily. Aqru ensures security for users on the platform In order to ensure security for its users whilst they earn interest, Aqru makes use of encryption in transit, encryption at rest and address whitelisting. Users are able to protect their assets with their bank level security and deposit protection insurance, this happens because Aqru makes use of a multi-layered insurance policy, this protects the value of users assets from hacking. In addition Aqru uses the latest Multi-stig technology from Fireblocks (a leading wallet provider) to keep users' assets safe. Encryption in transit protects user data if communications are intercepted whilst transferring between the site and cloud provider. Encryption at rest is designed to protect users from attackers accessing unencrypted data. Address whitelisting enables crypto withdrawals to be transferred to addresses already designated in the users address book. Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. To give their users peace-of-mind, Aqru generates yield from leading providers that have robust audit histories and those that have significant assets under management. In addition, yield opportunities are monitored by the experienced risk management committee to ensure Aqru stays ahead of all market trends. Fees for using Aqru There are no fees for using this platform nor are there fees for fiat withdrawals, when withdrawing cryptocurrencies there is a $20 flat fee that is charged on the asset you are withdrawing and a 0.5% fee based on the asset value. The platform accepts payment via card, bank transfer, or wallet-to-wallet crypto payments. Aqru’s method for generating enough returns to pay to their users Aqru generates returns by lending out their users digital assets to institutional and retail borrowers as well as participating and supporting decentralised exchanges. The deposits lent to decentralised exchanges are insured and the platform maintains a rigorous risk management process. Money lent to institutional and retail investors is 100% collateralised, thus allowing ease of returns and to pay customers daily. The returns generated by crypto assets remain high as investors are willing to pay high interest for assets that are not readily available by traditional means. As the crypto market grows and capital becomes more available, yields on crypto assets will decrease. Once users have uploaded their funds to the platform, the value of their assets are distributed into a liquidity pool, which is then distributed to earn a fee on pool-to-peer lending platforms. Aqru makes money by taking a share on the income earned from the liquidity pools. There is a lot of room for Aqru and like-companies to grow as investors begin to realise the benefits of gaining safer yields from safe platforms like Aqru. Aqru also offers services to institutional investors Aqru also offers services to institutional investors with bespoke terms for larger investors, if institutional digital assets allocation becomes larger, Aqru’s addressable market becomes larger. Advantages of investing in Aqru: There is no need for investors to go out of their way to start earning interest. If investors do not own cryptocurrency, they can invest fiat currency and the Aqru platform will take care of exchanging it into the cryptocurrency of your choice, if investors wish to do so. There is no native coin on the platform that investors need to hold in order to receive the best interest rates. There is no lock-in period, i.e investors are welcome to withdraw their funds at any time. Aqru processes withdrawals within 24 hours and does not charge fees on fiat withdrawals. User-friendly platform. The platform is currently giving away 10 USDT to every user that signs up to the platform. Aqru also offers services to institutional investors Becoming an Aqru member is simple, it starts with setting up an account on the platform, which is designed to help users get to know and understand the platform. After account creation users can either fund it by fiat or cryptocurrency transfers. In order to sign up to Aqru accounts, the user will need to go through a verification process to confirm the user's identity and the legitimacy of the funds. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  Sources: aqru.io, edisongroup.com, economictimesindiatimes.com.
Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra -  Leading Decentralised And Open-Source Public Blockchain Protocol

Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol

Rebecca Duthie Rebecca Duthie 11.05.2022 12:37
Summary A look into Terra (UST) coin. Luna and Terra coins. Advantages of holding Terra coin. Past present and future prices. Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Terra is a public blockchain protocol. Terra is a public blockchain protocol that deploys a suite of algorithmic decentralised stablecoins which underpin a thriving ecosystem which brings decentralised finance to a large number of users. Terra assets are supported by leading blockchains. Stablecoins are coins whose value is pegged to a cryptocurrency, fiat currency or to exchange-traded commodities. Terra USD was created in January 2018 and was launched in late 2021. Terra has a market cap of $4.391 Billion, a circulating supply of 407.49 million with no maximum supply. Terra is the leader of decentralised and open-source publics blockchain protocol for algorithmic stablecoins Terra is the leading decentralised and open-source public blockchain protocol for algorithmic stablecoins. The protocol uses a combination of open market arbitrage, incentives and decentralised oracle voting. With this combination, Terra makes stablecoins that track the price of any fiat currency. Read next: (USDC) USD Coin, What Is It And How Does It Work? - Important Altcoins !| FXMAG.COM The Terra ecosystem is a rapidly expanding network of decentralised applications, creating a demand for Terra and pushing Lunas price up. Terra is an industry-leading decentralised stablecoin reflected by $USDT. It has a vibrant Smart Contracts platform. Terra has a thriving cross-chain DeFi environment. Terra is built on the Cosmos SDK & Tendermint consensus. Terra and Luna: the 2 main coins of the protocol. Luna is Terra’s native staking coin which absorbs the Terras price volatility. Luna is used for mining and governance. Users stake Luna coins to validators who then record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used the more Luna is worth. Luna provides its holders with staking rewards and governance power. Terra stablecoins track the price of fiat currencies: Users make new Terra coins by burning Luna. Terra and Luna are always tradeable at a 1:1. 1 USD can be traded for 1 UST. Stablecoins and Terra: The main feature of the Terra protocol is its stablecoins, the TerraUSD coin can be used like fiat currency with added blockchain benefits: lower fees, faster settlement processing times, instant transactions and unchangeable public ledger. If stablecoins maintain their price pegs they are considered valuable. Terra protocol determines the price of the Terra coin using the basic markerket forces of supply and demand - when demand is high, supply is low and therefore the price increases. The protocol keeps the price stable by ensuring supply and demand is balanced. Terra protocols algorithmic market module helps to keep the price stable, which incentivises the burning of Terra through arbitrage opportunities. Arbitrage refers to the making of money on an asset through price differentials between markets. Scalability of Terra: Terras protocol is scalable, which is designed to maintain Terras price stability regardless of volatility, demand or market size. Scalability refers to the ability of Terra’s protocol to receive a large influx of transactions at a time. Terra offers rewards for holding the coin Terras protocol incentivises validators and delegators with staking rewards, in the form of gas and swap fees Gas: to avoid spamming, fees are computed onto each transaction. Validators have the power to add minimum gas prices and reject transactions that have implied gas prices below their set level of. Swap fees: tobin tax refers to the fee for swapping Terra UST stable denominations. Spread fees refer to the price discrepancy between Terra and Luna. The swap fees are directed to the Oracle reward pool, which are then distributed over two years to validators who faithfully report correct Oracle prices. Advantages of holding Terra UST There are many advantages of holding Terra coin, it is decentralised and permissionless which makes it ideal for the economy. Interoperability: this means it is able to run on multiple chains. Terra is live on Ethereum and Solana with plans of expansion in the future. Programmable: development focused agenda, which allows programmers to build smart contracts in Rust, Go and Assemblyscript. Oracles are off-chain sensors that have the ability to communicate data to-and-from the blockchain. Streamlined Financial: Terra aims to reduce or completely remove the need for credit card networks, banks and payment getaways with a single blockchain layer. The Sustainability Of Terra Terras coin uses a proof-of-stake model, which means validators verify transactions based on the number of coins they hold. Proof-of-stake models are less energy intensive than some competing models. Past, present and future price movements Terras price has been stable in the past thanks to its market module based on supply and demand. However, investor fears around the general state of the market has been causing the crypto market to see sufficient drops in prices. Investors see the future price of Terra to see substantial increases in the future when markets start to normalise. Terra USD Price Chart Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: coinwut.com, finance.yahoo.com, terra.money, securities.io, investorplace.com
Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol

Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol

Rebecca Duthie Rebecca Duthie 12.05.2022 15:35
Summary: Polkadots aims and desires. A deeper look into how Polkadot works. Past, Present and Future Prices of Polkadot. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol  What is the Polkadot protocol? Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot. The Polkadot mission is: they envision a Web where their data and identity is their own and where safety is ensured from any central authority. Polkadot supports the ease of creating and connecting decentralised applications, institutions and services. Through empowerment of investors to build better solutions, they are seeking to free society from the grip of a broken web whereby institutions have the chance to break trust. The aim of Polkadot is to enable a completely decentralised web whereby the users are incontrol. The protocol is built to connect private and consortium chains, oracles, public and permissionless networks and future technologies that are yet to be created. Polkadot protocol offers parachain messaging, this refers to parachain-to-parachain communication, this is Polkadots version of inoperability. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Polkadot launched their DOT token in May 2017. DOT plays an active role in securing the Polkadot network. The DOT token has around $8.3 billion in market capitalization, a circulating supply of more than 1.6 billion tokens and does not have a maximum supply. Polkadot features: True interoperability: Polkadot allows cross-chain transfers of any type of asset or data, users are not limited to token only transfers. When users become a part of the Polkadot network, they open themselves up to a wide variety of blockchain networks. Economic and transactional scalability: unprecedented scalability is provided by Polkadot through the enablement of a common set of validators which have the ability to secure multiple blockchains. Transactional scalability is provided through spreading transactions across multiple parallel blockchains. Easy blockchain innovation: users can create a custom blockchain quickly by using the substrate framework. Once users make their own blockchain, they can connect it to Polkadot and get interoperability and security from the get-go. This ease of development is a major factor helping the Polkadot network grow. Security: Polkadots novel data validity and ability allows the interaction between chains, whilst maintaining independence in their governance but united in their security. User-driven governance: Polkadot maintains a sophisticated governance system, whereby all stakeholders have a say. Network upgrades are coordinated on-chain and autonomously without forking the network. This ensures that Polkadots development remains community-driven and future proof. Advantages of Polkadot: High energy efficiency: in comparison to conventional blockchains, the energy consumed by Polkadot is much less. This energy efficiency is as a result of its next-generation nominated proof-of-stake (NPoS) model. This NPoS uses the equivalent of 6.6 Us households' energy per year. The Polkadot platform has the lowest carbon footprint amongst proof-of-stake protocols analysed in recent research. High security The proof-of-stake network refers to the ability of cryptocurrency owners to validate block transactions based on the number of coins a validator stakes. About the DOT Token: The DOT token was created by the Polkadot protocol and is designed to serve 3 distinct purposes: Governance: the Polkadot token holders have full control over the protocol. The privileges on platforms that are normally only available to minors are given to DOT holders, including managing exceptional events such as protocol upgrades and fixes. Staking: Polkadot uses game theory to incentivise token holders to behave honestly. Those who do not exercise honest behaviour will lose their stake in the network, whereas those who exercise honest behaviour are rewarded by the game theory mechanism. Bonding: new para-chains are added by bonding tokens. Outdated parachains or those that are no longer useful and removed by removing bonded tokens. This bonding represents a proof-of-stake. Where to buy Polkadot (DOT) The DOT token is currently available on many of the major platforms such as Binance, Huobi Global, OKEx, Coinbase, KuCoin and more. Past, Present and Future Prices: We already know that the cryptocurrency market is volatile, this is reflected in the chart below. In the past the price has jumped up and down, with the data it is hard to read a trend for the price of DOT. Currently, the global market conditions have investors turning away from risky assets such as cryptocurrencies, and turning to safer assets. For the future, the price of the DOT token is expected to increase, with some analysts expecting the price to reach over $64 in 5 years time. However, given the volatility in the crypto market, it is difficult to make an accurate assumption on where the price of DOT will go. Polkadot (DOT) Price Chart Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Sources: finance.yahoo.com, polkadot.network, coindesk.com, coinmarketcap.com, capital.com