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 senior strategist Mike McGlone believes, what shiba inu (SHIB) hard times are ahead According to him, wannabe Dogecoin among 13 000 cryptocurrency is an example of extremes.
The head of the People's Bank of China Gang Yi said, that the privacy of the digital yuan has received great attention: `` We pay significant attention to issues related to the security of personal information, therefore, to achieve this goal, we made the appropriate regulatory and technological changes.
BlockFi has submitted a proposal to the SEC for approval of a spot-traded bitcoin fund (ETF) According to S-1 form, BlockFi NB Bitcoin ETF Will Trade On The New York Stock Exchange And Own Bitcoins. The application was submitted in accordance with the Securities Law 1933 of the year.
Kraken cryptocurrency exchange experts analyzed the short-term potential of two popular smart contract platforms., that institutional investors have launched a new wave of interest in Solana (SOL): “After Solana entered the top 5 cryptocurrencies in terms of market capitalization, new and current market players still show interest in the asset. Especially noteworthy is the interest from large institutions. Pay attention to, that SOL is ready to stay in the third wave of 'course opening', there is a high probability, that in the near future its rate will grow significantly "Experts believe, that SOL has a good chance, to reach the peak of the rising wedge pattern: "The test of this resistance signals, that the SOL course will get to $400 – $500 as early as next month or in the first quarter 2022 of the year "In addition, analysts noted, that Ethereum successfully managed to go above the 5th band of the logarithmic regression rainbow. Provided that the dynamics are preserved, immediate target – $6500. The current dominance of ETH in the capitalization of the entire cryptocurrency market is around 19% can be considered quite low compared to the May highs of the asset. Experts believe, that ETH has a chance of losing ground to competitors in the field of smart contracts: “ETH dominance remains well below the May 20,1%, when the asset showed past highs. I.e, despite ETH reaching a new record rate, the crypto asset occupies a smaller part of the market, than before, and …
Exchange experts mark short-term targets for Solana and Ethereum Read more
Cryptocurrency analyst Altcoin Sherpa thinks, that altcoin season hasn't arrived yet, and bitcoin is preparing to become the main actor in the cryptocurrency market According to him, in the near future, altcoins will not show the expected high results due to the bullish exchange rate movement of BTC: “Pay attention to the fall of the altcoin / BTC pairs in the case of the beginning of the movement of BTC. This is not all. Altcoin / USD pairs should show growth (but still give way to BTC). I believe, that the altcoin season has not yet arrived ". The analyst noted, that Bitcoin was forming a bullish higher low around the level $60 000, And, although there is the possibility of a short-term decrease, he expects the asset to grow significantly from current levels: “For BTC, a minimum of. There is a possibility of a short hike to $55 000. But I don't care about these minor movements. I keep accumulating BTC and when it starts moving, it will be fast. ”Altcoin Sherpa emphasized, that altcoins will have time to show themselves, but after that, how the bitcoin rally will cool down. As an example, he cited the situation at the end 2020 of the year, when the BTC rate took off from $10 000 to $30 000, while most altcoins were at about the same level. Analyst expects growth in ETH against USD, but not against BTC. In his opinion, at the beginning 2022 of the year …
The expert told, what cryptocurrency to invest in for the near future Read more
Last week, digital asset-based products entered $174 million, as a result, since the beginning of the year, the inflow of funds amounted to $8,9 billion, which is significantly higher than the indicators 2020 of the year (then it was $6,7 billion) Total assets under management (AUM) also reached a record high in $80 billion, while BTC and ETH account for $53 billion and $20 billion respectively. During the last week, BTC-focused funds entered $95 million, and from the beginning of the year the amount was $6,4 billion. New highs shouldn't come as a surprise, as cryptocurrency investments become more popular. Former CEO of Citigroup Vikram Pandit thinks, that in the coming years, all major banks or securities firms will think about cryptocurrency trading. On Ethereum, Sentiment Remains Positive. ETH funds attracted $31 million. Ethereum's market share has declined in recent months due to the dominance of BTC, but the combination of positive exchange rates and inflow of funds led to the growth of AUM ", – сообщается в отчете Coinshares Другие альткоины тоже продолжают пользоваться популярностью. Polkadot-focused funds raised $9,6 million, which is the largest weekly inflow on record. Foundations working with Solana and Cardano raised $8,5 million and $5 million respectively. Tron showed good results last week – inflow amounted to $22 …
The inflow of funds into crypto funds broke last year's record Read more
Crypto strategist Benjamin Cowen believes, what in 2021 year, bitcoin will not please its supporters with explosive growth In his opinion, bitcoin is in the range of massive re-accumulation.
Goldman Sachs analysts believe, that by the end of this year, ETH has enough room for significant growth, despite the efforts of competitors to reduce its market share Experts believe, that the Ethereum rate is undervalued and by the end of the year may reach $8000. Their analysis is based on similar trading models, taking into account inflation for the period from 2019 of the year. Bank analysts relied on the chart, showing Bloomberg Galaxy cryptocurrency index and 2-year inflation swap. Focusing on the chart, they assumed, that the outlook for ETH looks promising, as he previously monitored inflationary markets and its cyclicality can be a positive indicator: “The market began to press on the historical maximum with a narrowing wedge, which is either a sign of a peak, or a starting point for a high-speed rally on breakouts to higher levels »If the correlation with inflation continues, analysts consider an acceptable target for an asset a level in $8000. Goldman Sachs' outlook is the most optimistic outlook for Ethereum in the short term. Finder recently predicted, that by the end of this year, the Ethereum rate may rise to $5 114, and to 2025 year to get to $18 000. These figures were obtained through a survey, at which 10% upper and lower exchange rate limits were excluded from the final analysis.
Cryptocurrency analyst with the nickname Smart Contracter expects a rapid rally for 4 popular cryptoassets In his opinion, Binance Coin (BNB) is in the midst of an uptrend, which can push the asset price up to $1200. Should BNB Follow Analyst's Scenario, then the altcoin rate may rise from the current levels by another 85%.
CryptoDiffer news site reported, that the blockchain game Axie Infinity, together with the smart contract platforms Fantom and Solana, showed some of the best profitability results this year.According to CryptoDiffer, during 10 months yield Axie Infinity (AXS) amounted to more 26 000%.