Cryptovalue is a type of digital currency, creation and control of which are based on cryptographic methods. Usually, cryptocurrency accounting decentralized. The operation of these systems is based on technologies such as blockchain, directed acyclic graph, Consensus registry (ledger) etc.
Bloomberg Intelligence strategist Mike McGlone noted, that cryptocurrency has one big advantage over the stock market He compares the S index&P 500 with digital asset index, tracking the top 10 largest and most liquid crypto assets.
Cryptocurrency analyst Nicholas Merten said, that believes in the achievement of the bitcoin rate $100 000, but this year is hardly worth counting on According to him, BTC's relatively mild reaction to the launch of a bitcoin futures ETF is a clear signal, that a major change of course will require much more effort, than intended: "In the fourth quarter of this year, bitcoin has no chance to get to $100 000 or $150 000. The same goes for the first quarter. 2022 of the year. Very sorry, but we must admit the obvious and most analysts are wrong, if you think otherwise. The reason lies in the bitcoin ETF based on futures, which have long been expected as catalysts for the market. But they couldn't get Bitcoin up to $100 000. What other macro event can attract institutional investors and bring the capitalization of BTC to several trillion dollars??»According to the analyst, as a result, BTC will end the bullish market cycle at the mark $200 000. But it won't happen because of a sharp rise in the next couple of months., and the process will last until the end of next year: "If we imply the prospect of growth in the capitalization of BTC to $3 – $4 trillion (i.e, well $150 000 – $200 000), then it will require decent liquidity, and therefore time. That's why I expect the cycle to peak in November. 2022 of the year"
Crypto trader Altcoin Sherpa predicts an early start to the altcoin season for one cryptocurrency asset In his opinion, decentralized streaming platform Theta (THETA) ahead of the growth dates of many other altcoins and should start rallying soon: “I think, that native THETA will happen sooner, than other altcoins. The asset spent a long time in the accumulation range and has not pumped for a long time. I expect, that the movement of many violas will look similar to the movement of SNX in 2020 year: V-shaped decline / accumulation period / rise "Altcoin Sherpa noted, what, unlike the rest of the cryptocurrency market, THETA tends to move on its own terms: “THETA can show high profitability. The asset has been marking time longer than others and it has its own market cycles, that is, he can walk at his own discretion. ”Regarding BTC, the trader believes, that the kickbacks will be smaller, than in 2020 year due to the difference in the market. The last rollback of the BTC rate was less than 14%, and in 2020 year before takeoff was 17%: "Market structure, context, BTC charts differ from exchange rate movements in 2020 year. Теперь по мере приближения курса к историческому максимуму откаты не должны быть такими глубокими» Отдельно трейдер выделил блокчейн-протокол индексирования The Graph (GRT), noting, that the asset is showing signs of accumulation, which means a rally can be expected at any moment: «GRT демонстрирует признаки …
According to Etherscan data, the non-profit organization Ethereum Foundation transferred tens of thousands of ETH to the Kraken cryptocurrency exchange again as the transaction shows, Ethereum developer sent a contract for 20 000 ETH to Kraken public address. At current rates, the cost of the transferred ETH exceeds $95 million. A similar transaction took place 17 May, when another developer submitted to the exchange 35 000 ETH (at that time the amount was equivalent to $112 millions). The Ethereum Foundation supports Ethereum and its developers by providing financial assistance, and also solves issues, related to the wider ecosystem. The organization has previously sold ETH to support its activities.. According to blockchain analyst Colin Wu, as of 21 May, the Ethereum Foundation had about 400 000 ETH. Over the past weeks, the ETH rate has repeatedly updated its highs and is currently above the level $4700. Ken Griffin, CEO of multinational hedge fund Citadel, believes, that Ethereum is even better than BTC.
In the coming days, the Bitcoin Taproot network should be updated and most sources call Saturday Taproot as the activation date. – this update, which will improve Bitcoin's scripting capabilities, aligning it with competing blockchains like Ethereum, who already have programmable smart contracts. Taproot will also implement MAST technology (Merkelized Abstract Syntax Tree), which will make it difficult to track and analyze BTC transactions. This will be achieved by, that complex transactions, e.g. multisignature and Lightning Network transactions, become indistinguishable from underlying transactions. Besides, update will introduce Schnorr signatures, which will reduce the size of transactions through data aggregation. Together, the above features will enable developers to create more complex Bitcoin applications., and end users will benefit from cheaper and more confidential transactions. Taproot is the most significant update to the Bitcoin network since 2017 of the year (then the SegWit function was implemented). Although the update has already received support from miners, to activate the process, you will need to get 800 blocks. According to NiceHash, the update will take place in 1:00 UTC on Saturday 14 november. Another website, Taproot.watch shares this rating.. Probably, waiting for the update was one of the factors, contributed to the growth of the BTC rate and the update of historical highs. Maybe, that the hype around Taproot is over, but there is a chance, that Saturday's update will bring BTC to higher highs.
Cryptanalyst Mikael van de Poppe indicates the nearest targets for Litecoin (LTC) and noted the bullish opportunities of the other two altcoins in his opinion, before the end of the current market cycle, Litecoin may show 286% -new rally: “Using the Fibonacci retracement method, you can determine, what the first goal of Litecoin is $600, and the second is about $1000. I'm extremely bullish on older altcoins, especially taking into account the existing structure for them "The analyst also highlighted the corporate solution for safe and fast transfers OMG Network (OMG). He considers, that in a pair against BTC the asset can show growth by 108%, but for this it will be necessary to keep support at the level 0,00024 BTC: “It is important to maintain this level of support and if everything works out, that we will move to the level 0,0005 BTC "And good bullish prospects are looming for the hybrid blockchain platform ICON (ICX). According to the analyst, in a pair against BTC, the asset is ready to start a 65% rally to the nearest resistance level near 0,000053 BTC: "ICX has interesting prospects"
The Terra community approved a proposal to burn about 88,7 million Terra tokens (LUNA) worth about $4,5 billion and release 4-5 million UST stablecoins. How is it considered, such a step will help the development of the Terra project Burning will take place over the next two weeks, and the first stage has already been completed – was burned 520 000 LUNA.
A crypto trader with the nickname Altcoin Sherpa outlined the near future of 4 popular altcoins against the backdrop of growing markets In his opinion, if Litecoin breaks the nearest resistance level, then growth by 25%: “If LTC manages to clear the area around $290, then soon I expect a rise in the region of $ 350 ". According to the trader's chart, as the next serious level for a breakdown, he considers $369, but for this you still need to stay higher $290. The decentralized network of oracles Chainlink also has good prospects. (LINK). According to the trader's chart, potentially LINK can break through resistance, which previously could not be pierced three times. The next LINK course level after $34 is $42 (that is, growth by about 23%): "Things may turn out differently for LINK this time around.". Another asset, watched by a trader, dYdX decentralized exchange management token (DYDX). He considers, that the hype around DYDX is less than usual, which means that the asset can show unexpected growth: “DYDX is still a good project. When people do not pay attention to the asset and it continues the accumulation stage, then it's time to buy. The token is not suitable for active trading, but just to buy and hold for several weeks ". И замыкает список сеть Kusama (KSM). Although the trader thinks, что в ближайшем будущем KSM уступит по доходности …
Crypto trader outlined the near future of 4 popular altcoins Read more
Tesla CEO Elon Musk tweeted his name to Lorde Edge and has no explanation yet.
Backed by Coinbase Ventures and the Digital Currency Group, altcoin has seen skyrocketing growth in 24 hours Ethereum-based live video streaming project Livepeer (LPT) took off to a new record level $100,99, per day adding more 152%.