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NEAR Protocol Price Predictions: Where Will $150M Take the NEAR Crypto?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Among the top tokens investors want expert opinions on, NEAR Protocol price predictions are trending today, and for good reason. The post NEAR Protocol Price Predictions: Where Will $150M Take the NEAR Crypto? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 14th, 2022

Battle of the metaverses and a billion-dollar hack — 13 expert predictions of what"s next for crypto in 2022

The crypto economy will top $7.5 trillion in 2022, and most jobs will touch virtual worlds as Meta vies with crypto-native metaverses, experts said. Experts share their predictions for crypto in 2022.WinzenT/Getty Images After an eventful 2021 in crypto, experts shared their predictions for the sector next year with Insider. Among them: Expect a battle for the metaverse, the first billion-dollar hack, and the use of bots to buy NFTs. The crypto economy will top $7.5 trillion in 2022, and most jobs will partly be in the metaverse, were others. Events in the crypto space are moving a mile a minute — and expect next year to keep up the pace as big business stakes out its turf, blockchains refine their tech, and easier points of entry let newcomers in.Consider what happened in 2021: El Salvador adopted the top cryptocurrency bitcoin as legal tender. Retail investors dived in. China cracked down on crypto mining. Facebook went all-in on the metaverse, which has Wall Street seeing dollar signs.Digital currencies are now well on their way to becoming part of mainstream finance. The US approved the first bitcoin futures ETF, while crypto leaders urged regulators to provide clearer rules for the $3 trillion industry.That flurry of developments, which came as the pandemic played out, generated a whirlwind of excitement among investors. To learn what drivers might lie ahead, Insider asked industry experts to predict what's next for crypto.These are the top 13 predictions for the crypto sector in 2022:1. Ethereum's price will rise at a much faster rate than bitcoin, due to the move to proof of stake. — Tom Higgins, CEO at asset management platform Gold-i.2. Bitcoin may gain the upper hand versus stocks in 2022. — Mike McGlone, head crypto analyst at Bloomberg Intelligence.3. A Fortune 500 crypto company that has gone remote-first will declare their official headquarters to be on one of the competing metaverses. — Brandon Arvanaghi, CEO of crypto startup Meow.4. The metaverse will become the new interface for people to engage with the web and each other. — Justin Banon, co-founder of decentralized network Boson Protocol.5. Expect a battle between crypto-native metaverse and ones launched by gaming and corporate entities like Meta. — Brock Pierce, chairman of the Bitcoin Foundation.6. The crypto-economy market capitalization will rise from a peak of $3 trillion in 2021 to over $7.5 trillion at some point in 2022. — Rohit Talwar, CEO at insight and research business Fast Future.7. Next year will see the world's first billion-dollar hack as DeFi activity continues to increase. — Benjamin Whitby, who oversees regulatory affairs at cross-chain protocol Qredo, on decentralized finance.8. At least 25 countries will be using a central bank digital currency by the end of 2022. Either their own, or one issued by another country, such as China's digital yuan. — Fast Future's Talwar.9. Investors will use bots to make purchases during NFT minting events, which could potentially shut out less sophisticated users. — Ethan McMahon, economist at blockchain data platform Chainalysis, on non-fungible tokens.10. Most people will operate day-to-day jobs partially in the metaverse. — Shane Molidor, chief revenue officer at digital asset financial platform AscendEx.11. Banks will look to crypto for fraud trends. — Chris Stephens, head of fraud and security analytics at identification platform Callsign.12. Initial Game Offerings will become popular. Expect the larger organizations like GameStop and Epic to begin making plays at some point in 2022. — Nick Saponaro, co-founder and CEO of decentralized payment ecosystem Divi Project.13. If countries take a hostile stance, adoption will be much slower. — Witek Radomski, co-founder and CTO at blockchain platform Enjin.Read More: If you're a millennial or Gen Z crypto investor, it's time to diversify, according to the investment chief for a firm managing $260 billion. He breaks down 6 'less fashionable' assets offering uncorrelated returns.Read the original article on Business Insider.....»»

Category: personnelSource: nytDec 12th, 2021

Ethereum Price Predictions: Where Can the ETH Crypto Go After Crashing Below $3,000?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ethereum is in the red today alongside nearly every other crypto, having lost more than 10% of its value. Ethereum price predictions are hot. The post Ethereum Price Predictions: Where Can the ETH Crypto Go After Crashing Below $3,000? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 21st, 2022

SHPING Crypto Plunges 50% Despite Coinbase Listing. Where Will It Go From Here?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the SHPING crypto down more than 50% during the past 24 hours, its investors are anxiously seeking out SHPING price predictions. The post SHPING Crypto Plunges 50% Despite Coinbase Listing. Where Will It Go From Here? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 21st, 2022

Nervos Network Price Predictions: Where Will the CKB Crypto Go Next?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nervos Network price predictions are heating up. Here are some bullish takes offered by experts on the future of CKB crypto. The post Nervos Network Price Predictions: Where Will the CKB Crypto Go Next? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 14th, 2022

Treasury Yields Spike After Jamie Dimon Forecasts "Six Or Seven" Rate Hikes In 2022

Treasury Yields Spike After Jamie Dimon Forecasts "Six Or Seven" Rate Hikes In 2022 Despite suffering the worst post-earnings stock price drop in a decade, Jamie Dimon - whose bank is suddenly facing major compensation and cost pressures - was in good enough spirits to regale participants in his earnings call with some more of his predictive prowess, the same "forecasting ability" which 4 years ago prompted him to predict that bitcoin is worthless and now JPM has a dedicated crypto desk. According to Dimon, the Federal Reserve might raise its benchmark interest rate as many as "six or seven times" to fight rising inflation, oblivious of the fact that the US economy is already clearly slowing and six or seven rate hikes coupled with balance sheet runoff would push the US economy into recession (and likely trigger a crash as Kyle Bass said yesterday), especially once economists realize that without Biden's BBB, the fiscal cliff is about to grow into a mountain. Today's retail sales number points to near-flat readings for Q4 real consumer spending and the hand-off to the first quarter. The GDP contraction is starting. Good luck, Jay! #Economy #GDP #DavidRosenberg — David Rosenberg (@EconguyRosie) January 14, 2022 “My view is a pretty good chance there will be more than four,” Dimon said Friday on a conference call with analysts after the biggest U.S. bank released its fourth-quarter results. “It could be six or seven.” Not that the recent barrage of Fed officials did anything to dissaude Dimon's predictions: Fed speakers have signaled that higher borrowing costs are in the works amid the highest inflation in nearly four decades, and as a result money markets are wagering on six 25-basis-point hikes in the next two years -- before the policy rate plateaus and dips slightly in 2025. Dimon also predicted it would be a mistake to assume the economy won’t grow during a period in which interest rates are increasing, which of course will be proven dead wrong just like his bitcoin forecast. However, for better or worse, bond markets still listen to the most important banker in the US, and 10Y yields spiked from a session low of 1.70% to as high as 1.76%, completely undone yesterday’s rally, while Eurodollars are also sharply off with yields in the red pack up as much as 9 bps.  The good news is tath Fed speakers - all of whom have turned uberhawkish in the past month - are entering their blackout period, and the new FOMC appointments announced yesterday skew dovish. That means that for the next two weeks the market will be able to calmly asses the trend of the US economy and realize that it is clearly shifting in a direction where the Fed may soon have to ease to avoid a recession. . Tyler Durden Fri, 01/14/2022 - 11:30.....»»

Category: blogSource: zerohedgeJan 14th, 2022

Cardano Price Predictions: Where Will ADA Go After a Big Crypto Crash?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cardano price predictions are bullish as experts eye a promising future for this breakout crypto of 2021. ADA may be heading to the moon. The post Cardano Price Predictions: Where Will ADA Go After a Big Crypto Crash? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 13th, 2022

Solana Price Predictions: Why Some Analysts Think SOL Crypto Will Soar in 2022

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Solana (SOL-USD) price predictions have the crypto set for major gains this year that could send it soaring thanks to its network. The post Solana Price Predictions: Why Some Analysts Think SOL Crypto Will Soar in 2022 appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 13th, 2022

Avalanche Price Predictions: Where Will the Red-Hot AVAX Crypto Go Next?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a blockbuster 2021 that saw the price of the AVAX crypto increase dramatically, all eyes are now on 2022 Avalanche price predictions. The post Avalanche Price Predictions: Where Will the Red-Hot AVAX Crypto Go Next? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 13th, 2022

LOOKS Crypto Price Predictions: Where Will a Token Airdrop Take Exploding LooksRare Token?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips LOOKS crypto price predictions are beginning to surface after some huge first days for the NFT trading platform. The post LOOKS Crypto Price Predictions: Where Will a Token Airdrop Take Exploding LooksRare Token? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 13th, 2022

Solana Price Predictions: Why One Analyst Thinks the SOL Crypto Could Be the Next Visa

InvestorPlace - Stock Market News, Stock Advice & Trading Tips With Bank of America now on its list of supporters, here are the Solana price predictions some analysts have for SOL crypto moving forward. The post Solana Price Predictions: Why One Analyst Thinks the SOL Crypto Could Be the Next Visa appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 13th, 2022

Stellar Lumens Price Predictions: Where Will the Red-Hot XLM Crypto Go by 2025?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stellar Lumens price predictions are red-hot. Here's why experts expect to see this breakout crypto continue rising in 2022 and beyond. The post Stellar Lumens Price Predictions: Where Will the Red-Hot XLM Crypto Go by 2025? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 13th, 2022

These Are The Ten Best Performing Cryptocurrencies In December 2021

Bitcoin, the largest cryptocurrency by market value, ended December down 19%. This was Bitcoin’s biggest monthly loss since May and its worst December since 2013. Not only Bitcoin, but several other cryptocurrencies also witnessed a sharp drop last month, and many see the emergence of the COVID-19 Omicron variant as partly responsible for this. However, […] Bitcoin, the largest cryptocurrency by market value, ended December down 19%. This was Bitcoin’s biggest monthly loss since May and its worst December since 2013. Not only Bitcoin, but several other cryptocurrencies also witnessed a sharp drop last month, and many see the emergence of the COVID-19 Omicron variant as partly responsible for this. However, not all cryptocurrencies fared badly last month. There were many cryptocurrencies that earned attractive returns for investors. Let’s take a look at the ten best performing cryptocurrencies in December 2021. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2021 hedge fund letters, conferences and more Ten Best Performing Cryptocurrencies In December 2021 We have taken the December return data from coinmarketcap.com to come up with the ten best performing cryptocurrencies in December 2021. Following were the ten best performing cryptocurrencies in December 2021: UNUS SED LEO (LEO:>11%) Launched in May 2019, it is a utility token that is used across the iFinex ecosystem. It basically allows Bitfinex users to save some trading fees. The savings depend on how much LEO a user holds. LEO has a market cap of more than $3.5 billion and is down over 2% YTD. It has an all-time high of $3.92 (May 2021) and an all-time low of $0.8036 (December 2019). Celsius (CEL:>11%) Launched in June 2018, it is an all-in-one banking and financial services platform for the crypto users. CEL, which is Celsius’ native token, is used for several purposes, including boosting user payouts. CEL has a market cap of more than $743 million and is down over 26% YTD. It has an all-time high of $8.02 (June 2021) and an all-time low of $0.02235 (October 2020). Cosmos (ATOM:>12%) Cosmos describes itself as a project to fix some of the “hardest problems” facing the blockchain industry. Also, it aims to make blockchain technology less complex for developers. Cosmos’ native token helps to keep the project’s flagship blockchain (Cosmos Hub) secure, as well as facilitate the network’s governance. ATOM has a market cap of more than $7.8 billion and is down over 3% YTD. It has an all-time high of $44.70 (September 2021) and an all-time low of $1.13 (March 2020). OKB (OKB:>13%) Launched in 2017, this cryptocurrency was released by Maltese crypto exchange, OKEx, and the OK Blockchain Foundation. OKB is the utility token of OKEx and allows users to access the crypto exchange's special feature. OKB has a market cap of more than $1.4 billion and is down over 18% YTD. Gnosis (GNO:>23%) Started in 2015, it is a decentralized prediction market that is built on the Ethereum protocol. Gnosis uses a dual token structure: OWL and GNO. GNO are ERC-20 tokens, while users can earn OWL tokens by staking GNO. GNO has a market cap of more than $753 million and is down over 23% YTD. It has an all-time high of $1,088.87 (November 2021) and an all-time low of $7.05 (March 2020). SushiSwap (SUSHI:>25%) Launched in September 2020, it aims to diversify the AMM (automated market maker) market, as well as add unique features on Uniswap. SushiSwap’s native token, SUSHI, helps to reward users with portions of the fees that the platform charges for transactions occurring in its liquidity pools. SUSHI has a market cap of more than $842 million and is down over 27% YTD. It has an all-time high of $23.38 (March 2021) and an all-time low of $0.4737 (November 2020). Polygon (MATIC:>27%) Launched in October 2017, it is an easy-to-use platform for Ethereum scaling and infrastructure development. Polygon’s native token, MATIC, is used for payment services on Polygon, as well as a settlement currency between users who operate within the Polygon ecosystem. Polygon has a market cap of more than $14 billion and is down over 20% YTD. It has an all-time high of $2.92 (December 2021) and an all-time low of $0.003012 (May 2019). Oasis Network (ROSE:>30%) It is a layer 1 blockchain that focuses on privacy. Oasis Network gives priority to data privacy and user confidentiality, and aims to power private, scalable DeFi, as well as make it available to the mass market. ROSE has a market cap of more than $1.1 billion and is down over 27% YTD. It has an all-time high of $0.4997 (January 2022) and an all-time low of $0.03205 (November 2020). Terra (LUNA:>46%) Officially launched in April 2019, it is a blockchain protocol that powers price-stable global payments systems, using fiat-pegged stablecoins. Terra’s native token LUNA helps to stabilize the price of the protocol's stablecoins. LUNA has a market cap of more than $24 billion and is down over 25% YTD. It has an all-time high of $103.33 (December 2021) and an all-time low of $0.1201 (March 2020). NEAR Protocol (NEAR:>78%) It is a community-run cloud computing platform that helps to remove some of the limitations blocking the development of blockchain. This platform makes use of the Nightshade technology to improve transaction throughput massively. NEAR has a market cap of more than $8.6 billion and is down over 6% YTD. It has an all-time high of $17.60 (January 2022) and an all-time low of $0.526 (November 2020). Updated on Jan 12, 2022, 2:08 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkJan 13th, 2022

CoinDesk’s 2021 Annual Crypto Review

Today, CoinDesk Research released the 2021 Annual Crypto Review covering the key themes and metrics that marked the past year’s progress in cryptocurrency markets. Q3 2021 hedge fund letters, conferences and more Highlights As with all financial assets, market performance is usually the first thing that comes to mind when considering a “year in review.” […] Today, CoinDesk Research released the 2021 Annual Crypto Review covering the key themes and metrics that marked the past year’s progress in cryptocurrency markets. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Highlights As with all financial assets, market performance is usually the first thing that comes to mind when considering a “year in review.” Bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies by market cap, posted gains well in excess of traditional macro assets, gaining 60% and 407%, respectively. While ether, the native asset of the Ethereum blockchain, still has a way to go before traditional investors begin to form their investment thesis, bitcoin cemented itself in the minds of all professional investors, as it eclipsed $1 trillion in market capitalization in 2021. What’s more, bitcoin also remained uncorrelated with all macro assets, which could make for an interesting value proposition for the asset as managers look to approach their portfolio construction in 2022. That said, bitcoin’s correlation with the S&P 500 ticked up in Q4 2021, suggesting that investors are trading bitcoin and equities together as risk-on assets. Executive Summary In the following report, we aim to summarize some of the key themes and metrics that mark the year’s progress in cryptocurrency markets. As with all financial assets, market performance is usually the first thing that comes to mind when considering a “year in re vie w.” Bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, posted gains well in excess of traditional macro assets gaining 60% and 407% 407%, respectively. While ether, the native asset of the Ethereum blockchain, still has a way to go before traditional investors begin to form their investment thesis, bitcoin has cemented itself in the minds of all professional investors, as it eclipsed $1 trillion in market capitalization in 2021. What’s more, bitcoin also remained uncorrelated with all macro assets, which could make for an interesting value proposition for the asset as managers look to approach their portfolio construction in 2022. That said, bitcoin’s correlation with the S&P 500 ticked up in Q4 2021, suggesting that investors are trading bitcoin and equities together as risk on assets. Outside of market performance, 2021 was a big year from an adoption and technological standpoint. In June, El Salvador announced that bitcoin would become legal tender; this declaration came to fruition in September when a law that stipulated that bitcoin must be accepted as a form of payment everywhere in the country went into effect. With that came multiple bitcoin purchases by the government, carried out from the president’s cellphone. Meanwhile, a free $30 worth of bitcoin was sent to Salvadorans who signed up to use Chivo, the country’s official bitcoin wallet, and a commitment was made to use the Lightning Network, the commerce layer for Bitcoin, to enable a more frictionless bitcoin economy. The amount of bitcoin committed to the Lightning Network grew incredibly fast in 2021, injecting renewed life into the digital cash use case for Bitcoin 2021 also marked the year of an important technological upgrade to the Bitcoin protocol known as Taproot (read more here). Taproot is a bundle of three upgrades that improves network security, privacy and scalability. Taproot is the most significant upgrade to the Bitcoin network since the activation of the block capacity enhancement of Segregated Witness in 2017. Taproot was a reminder that Bitcoin is a technology that can change in order to improve usability and user experience. Taproot’s success going forward will stand in as a demonstration that Bitcoin can adapt With ether’s superior asset price performance compared with bitcoin, it’s no surprise that bitcoin dominance, the measure of BTC market capitalization compared with the market capitalization of all digital assets, fell during 2021 from 70.2% to 40.1% 40.1%. ETH is not the sole reason for bitcoin shedding its dominance; rather, crypto projects have sprung up with many different use cases that are not competing directly with Bitcoin. Ethereum has had major catalysts from EIP 1559 to the impending transition to proof of stake . Both events play important roles not only in the growth of Ethereum as a technology, but also in developing a narrative for Ethereum’s native asset. EIP 1559 solidified ether’s role as “gas” within the ecosystem, demanding that the asset be used and burned in exchange for building on or interacting with the network. The “Merge” to proof of stake is an attempt to create a secure, more scalable smart contract network without the need for miners and significant energy consumption . Ethereum was the catalyst for the initial coin offering boom and bust in 2017/8 and out of the embers came the first wave of decentralized finance (DeFi). During 2019 and 2020, Ethereum based projects such as Uniswap, Compound and Aave (formerly Lend) found their footing. Using the crypto bull market and liquidity mining (token incentives) as fuel, DeFi projects were able to acquire billions of dollars in liquidity for efficient decentralized lending and trading markets. Ethereum can also credit a sizeable portion of its upswing to the rise of non fungible tokens (NFTs) NFTs), which brought the protocol into the mainstream. NFTs are unique tokens that can act as digital representations of physical items or digitally native items whose proof of ownership can be verified on a public blockchain. As such, NFTs attempt to stand in as the first iteration of digital ownership of collectibles on a blockchain. OpenSea was the darling of the NFT sector in 2021, bringing a digital art marketplace to retail investors. Inside the world of institutions and regulation, capital poured into blockchain and crypto companies. According to data from Blockdata, $23 billion of funding reached these companies in 2021, which is more than the total amount raised from 2017 to 2020. We even saw a $1 billion capital raise in December for NYDIG, and FTX raised more than $1 billion across two funding rounds. From a regulatory perspective, governments across the world are taking crypto seriously . We have seen China ban bitcoin mining and crypto trading outright. India and Nigeria have tried to do the same. The Bank of England said that the growth of crypto assets poses a potential threat in a Financial Stability Report as it becomes increasingly linked to wider financial networks. The word “crypto ” even echoed in the halls of Congress as a $1 trillion infrastructure bill was held up in part due to a crypto tax provision. Regulators’ involvement in and discussion of crypto is indicative of the widespread belief that crypto is here to stay and, because of that, should be regulated to “keep citizens safe.” 2021 was an extraordinary year for the cryptocurrency and blockchain industry. Bitcoin and Ethereum asset prices touched all time highs ; traditional businesses such as Visa bought NFTs like CryptoPunks and Bored Apes; Stephen Curry bought a Bored Ape and so did other professional athletes; politicians routinely discussed crypto policy; China banned bitcoin mining and crypto trading; Coinbase went public at a $100+ billion valuation as a profitable business ; more bitcoin made its way onto MicroStrategy’s balance sheet; a sovereign nation made bitcoin legal tender and the Lightning Network more than tripled in size ; legitimate layer 1 smart contract competitors to Ethereum came to bear; over $20 billion of venture capital and funding flowed into companies; Bitcoin implemented a protocol wide improvement , Ethereum did too as it moved toward the Merge and proof of stake; a Bitcoin ETF began trading in the United States and debuted with the second most volume ever ; DeFi took the virtual world by storm, with promises to remake the legacy financial system. This and much more in the pages that follow. Thanks to 2021, most people have at least heard of crypto by now. Read the full report here by CoinDesk. Updated on Jan 6, 2022, 12:10 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkJan 6th, 2022

Tron Price Predictions: Where Will the TRX Crypto Go After Recent Crash?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips It may have recently crashed, but many platforms have issued Tron price predictions that foresee significant growth for the TRX crypto. The post Tron Price Predictions: Where Will the TRX Crypto Go After Recent Crash? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 6th, 2022

BTC Price Predictions: Where Will the No. 1 Crypto After Today’s Bitcoin Crash?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bitcoin is in the midst of a pullback today as the world's biggest crypto falls 7%. BTC price predictions are hot as a result. The post BTC Price Predictions: Where Will the No. 1 Crypto After Today’s Bitcoin Crash? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 6th, 2022

Decentraland Price Predictions: Where Will Samsung Take the MANA Metaverse Crypto?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Here's why investors are increasingly becoming interested in expert Decentraland price predictions as this crypto soars on a down day. The post Decentraland Price Predictions: Where Will Samsung Take the MANA Metaverse Crypto? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 6th, 2022

Crypto.com Coin Price Predictions: Where Will the CRO Crypto Go Next?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Today, the crypto market is in turmoil, but investors are increasingly interested in the expert Crypto.com Coin price predictions. The post Crypto.com Coin Price Predictions: Where Will the CRO Crypto Go Next? appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 6th, 2022

The global computing power of the bitcoin network slides after Kazakhstan shuts down the internet amid violent protests

Hours after Kazakhstan's internet went down, bitcoin's hash rate dropped 12%, Larry Cermak of The Block said. Haobtc's bitcoin mine site manager, Guo-hua, checks mining equipment inside their bitcoin minePaul Ratje/For The Washington Post via Getty Images The global hash rate of bitcoin slid after Kazakhstan shut down the internet amid violent protests. Kazakhstan became the world's second largest center for bitcoin mining last year, trailing the US. Hash rate is a key measure of how much computing power is required to support the network and to create bitcoin.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell The global computing power of the bitcoin network slid this week after Kazakhstan shut down the internet amid violent protests, highlighting the concentration of miners located in the Central Asian nation.On Wednesday, Kazakhstan's entire internet was blacked out amid massive protests that began after the government removed a price cap on liquefied petroleum gas. They have since spiraled into a major challenge to the country's leadership, and even prompted the resignation of the president's cabinet. Hours after the internet went down, bitcoin's hash rate dropped 12%, Larry Cermak, VP of research at The Block, said in a tweet.Hash rate is a key measure of how much computing power is required to support the network and to create bitcoin. It is also important to the bitcoin security protocol that prevents any double-spending of bitcoin. "The hash rate is not directly correlated to the price of Bitcoin, but it gives an indication of the network's security, so a fall can spook investors in the short term," Marcus Sotiriou, analyst at digital asset broker GlobalBlock, said in a note.Kazakhstan became the world's second largest center for bitcoin mining last year after China, which used to be the main hub, clamped down on crypto mining, according to data from the Cambridge Centre for Alternative Finance.The US is the global hash rate leader with a share of 35.4% by the end of August 2021, up from 16.8% at the end of April. Kazakhstan hit 18.1%, up from 8.2%. In recent months, Kazakhstan had been working towards regulating its rapidly growing crypto mining industry. The nation has since established a new registry to legitimize the space, as The Block first reported.Read the original article on Business Insider.....»»

Category: personnelSource: nytJan 6th, 2022

Bitcoin tumbles nearly 9% and other cryptos plunge as hawkish Fed minutes whack risky assets

The Fed could pull back its support even faster than expected, spelling trouble for risky assets like bitcoin. Bitcoin slumped Wednesday and into Thursday.Jirapong Manustrong/Getty Images Bitcoin fell as much as 9% Thursday after the Federal Reserve released "hawkish" minutes Wednesday. Ethereum, cardano, binance coin, solana and other cryptocurrencies were also deeply in the red. The Fed is planning to cut back its support for the economy, spelling trouble for risky assets. Bitcoin fell as much as 9% Thursday and the broader cryptocurrency market was a sea of red, after minutes revealed the Federal Reserve could soon start rapidly cutting back its support for the economy.The world's biggest cryptocurrency by market value was down 7.3% over the 24 hours to 11.10 a.m. ET on the Coinbase exchange, trading at $42,928. Earlier Thursday, it was as low as $42,433. The sharp drop put bitcoin more than 35% below a record high of close to $69,000 touched in November.Ethereum, the second-biggest token, had plunged more than 10% to $3,395. Solana had tumbled roughly 11%, and binance coin and XRP were both about 4% lower.The crypto sell-off began Wednesday after the Fed released "hawkish" minutes from its December meeting, which showed the US central bank could tighten monetary policy faster than previously expected.In December, the US central bank said it would speed up reductions in its bond purchases and signaled that interest rates would rise in 2022 as it grapples with the strongest inflation in 39 years.Yet the minutes released Wednesday show policymakers could well go even further and faster than that, and the central bank could even start selling the bonds it bought during the coronavirus crisis."It may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated," they said.Read more: 9 crypto experts told us their investing outlooks for 2022, from bitcoin price predictions to high-conviction altcoin picks and what's next for regulationThe reaction in the markets was swift. Bond yields shot up and cryptocurrencies and technology stocks — two asset classes that have benefited the most from the Fed's ultra-loose monetary policy — got trashed. The tech-heavy Nasdaq 100 index was up 0.66% Thursday as it recovered some ground.Analysts said higher bond yields make cryptocurrencies and unprofitable tech companies look less attractive. Instead, investors are pivoting towards companies that can benefit from economic growth and deliver good returns as inflation stays hot."We see bitcoin behave closer to a small-cap tech stock," said Sean Farrell, head of digital asset strategy at Fundstrat.Jeffrey Halley, senior market analyst at Oanda, said the "buy everything trade" is on its last legs. "Young pups … nurtured at the central bank pool of eternal [quantitative easing], will have to learn the meaning of the term 'two-way price volatility,'" he said.Marcus Sotiriou, analyst at digital asset broker GlobalBlock, said high levels of borrowing in crypto markets had worsened the sell-off. He said there was a "significant amount of leverage being wiped out of the market."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 6th, 2022

Bitcoin tumbles nearly 9% and other cryptos crash as hawkish Fed minutes whack risky assets

The Fed could pull back its support even faster than expected, spelling trouble for risky assets like bitcoin. Bitcoin slumped Wednesday and into Thursday.Jirapong Manustrong/Getty Images Bitcoin was down nearly 9% Thursday after the Federal Reserve released "hawkish" minutes Wednesday. Ethereum, cardano, binance coin, solana and other cryptocurrencies were also deeply in the red. The Fed is planning to cut back its support for the economy, spelling trouble for risky assets. Bitcoin was down almost 9% Thursday, and the cryptocurrency market was a sea of red, after minutes revealed the Federal Reserve could soon start rapidly cutting back its support for the economy.Bitcoin, the world's biggest cryptocurrency by market value, was 8.6% lower over the 24 hours to 4.50 a.m. ET on the Coinbase exchange, trading at $42,776. The sharp drop put BTC more than 35% below a record high of close to $69,000 touched in November.Ethereum, the second-biggest token, plunged more than 12% to $3,336. Binance coin slumped around 8%, solana dropped roughly 13%, and XRP was about 8% lower.The crypto sell-off began Wednesday after the Fed released "hawkish" minutes from its December meeting, which showed the US central bank could tighten monetary policy faster than previously expected.In December, the US central bank said it would speed up reductions in its bond purchases and signaled that interest rates would rise in 2022 as it grapples with the strongest inflation in 39 years.Yet the minutes released Wednesday show policymakers could well go even further and faster than that, and the central bank could even start selling the bonds it bought during the coronavirus crisis."It may become warranted to increase the federal funds rate sooner or at a faster pace than participants had earlier anticipated," they said.Read more: 9 crypto experts told us their investing outlooks for 2022, from bitcoin price predictions to high-conviction altcoin picks and what's next for regulationThe reaction in the markets was swift. Bond yields shot up and cryptocurrencies and technology stocks — two asset classes that have benefited the most from the Fed's ultra-loose monetary policy — got trashed.Analysts said higher bond yields make cryptocurrencies and unprofitable tech companies look less attractive. Instead, investors are pivoting towards companies with dividends and strong earnings, that can benefit from economic growth and deliver good returns as inflation stays hot."We see bitcoin behave closer to a small-cap tech stock," said Sean Farrell, head of digital asset strategy at Fundstrat. He said the cryptocurrency is still maturing as a "store of value."Jeffrey Halley, senior market analyst at Oanda, said the "buy everything trade" is on its last legs."Young pups … nurtured at the central bank pool of eternal QE … will have to learn the meaning of the term 'two-way price volatility,'" he said in a note.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 6th, 2022