A cluster of up-and-coming altcoins are starting the new year with major price breakouts while the top two crypto assets move sideways. Frax Share (FXS) is the governance token for the Frax stablecoin protocol, which aims to provide algorithmic money in place of fixed supply digital assets. FXS is used to accrue fees, seigniorage revenue, …
Monthly archives: January 2022
Bitcoin Turns in Top Performance for 2021, Outperforming Gold, Commodities and Other Major Asset Classes
Bitcoin (BTC) is the best-performing major asset class for three consecutive years, topping gold and large equity markets, according to data compiled by Compound Capital Advisors CEO Charlie Bilello. In 2021, Bitcoin recorded a return of 66.5%, surpassing the gains generated by the commodities index (41.4%) as well as the 40.5% profits printed by the …
Crypto Bull Market To Reach ‘Unsustainable’ Levels of Hype in 2022, Predicts Coin Bureau
The host of popular crypto channel Coin Bureau is laying out his predictions about how the crypto bull run might come to an end during 2022. In a new video, the analyst known as Guy tells his 1.83 million YouTube subscribers that a bear market will begin but only if one or a combination of …
Top Trader Says Bitcoin Breakout on Horizon, Predicts Rallies in Fantom (FTM) and One More Altcoin
A widely followed crypto trader says Bitcoin is forming a pattern reminiscent of July before its big breakout, and that two other altcoins are looking bullish. The pseudonymous trader known as Cantering Clark tells his 99,000 Twitter followers that Bitcoin‘s recent price action looks similar to when it was trading near $30,000 before it ultimately …
Ribbon Finance gains 60% after V2 launch and Avalanche integration
Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurrency in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0. One DeFi project that has kicked off the year with a bullish start …
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Altcoins turn bullish even as Bitcoin price slips below $46K again
The mood across the cryptocurrency is one of growing anticipation as the price of Bitcoin (BTC) continues to trade just below $47,000. The sideways price action has analysts warning that an “explosive volatility period” is rapidly approaching but few have been willing to predict the direction of the breakout. While Bitcoin price compresses, the altcoin …
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Top Crypto Analyst Issues Cardano and Solana Warning, Says Smart Money Waiting for Discounts on ADA and SOL
A popular crypto analyst and trader is issuing a warning to Cardano and Solana traders, saying that smart money investors are waiting for sharp corrections on ADA and SOL. Pseudonymous crypto strategist Pentoshi tells his 453,500 Twitter followers that he’s looking for a deep pullback on smart contract platform Solana after its explosive run from …
Play-To-Earn Soccer Game MonkeyBall Launches MBS Trading and Announces Upcoming NFT Drop
January 4, 2022 – Tel Aviv, Israel Play-to-earn venture MonkeyBall has capped off a multi-month process by launching its MBS token. The team will focus on the upcoming Monkey NFT drops to celebrate that crucial milestone, bringing more attention to the project and what the team aims to achieve. MonkeyBall is pleased to announce the launch …
Crypto Strategist Unveils Altcoin Portfolio for Start of 2022, Predicts New All-Time Highs for Cosmos (ATOM)
A popular crypto analyst and trader is unveiling the content of his altcoin portfolio, saying that Cosmos (ATOM) is primed to record new all-time highs. Crypto strategist Josh Rager tells his 192,600 Twitter followers that he’s holding Ethereum competitors Avalanche (AVAX) and Near as well as elastic blockchain network Skale (SKL), privacy-focused blockchain Dusk and …
Telecom Giant Integrates With Polkadot Blockchain Ecosystem, Purchases DOT Tokens
German telecommunications giant Deutsche Telekom is teaming up with Polkadot (DOT) and investing in the interoperability blockchain’s ecosystem by purchasing DOT tokens. Telekom recently announced subsidiary company T-Systems MMS plans to use Telekom’s infrastructure to participate in Polkadot’s public blockchain network as a validator. The Polkadot network aims to connect multiple blockchains into one unified …
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Crypto funds attracted $9.3B in inflows in 2021 as institutional adoption grew
Institutional cryptocurrency funds attracted record inflows in 2021, as demand for digital assets such as Bitcoin (BTC) and Ether (ETH) continued to grow during a volatile and often unpredictable bull market. Crypto investment products registered $9.3 billion in inflows during the year, up from $6.8 billion in 2020, according to the latest CoinShares data, which …
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Evedo seeks to bring event planning to the blockchain
Evedo, a platform consisting of business-to-business, or B2B, & business to consumer, or B2C, marketplaces, seeks to provide blockchain solutions for businesses and participants involved in organizing events. In an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, founder & CEO of Evedo & Fragmint, discussed the business dynamics and tokenomics of …
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Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan
Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country. The Nasdaq-listed company announced Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021, finalizing phase one of its deployment in the central Asian …
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3 reasons why Ethereum can reach $5,000 in Q1
Ethereum’s native token Ether (ETH) has plunged by more than 20% after establishing its record high at around $4,867 on Nov. 10, 2021. Nonetheless, the sharp price pullback does not mean ETH can’t pursue a new record high in the next few months, as several widely-tracked technical, macroeconomic and on-chain indicators suggest. One of these …
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Bitcoin Price Prediction: BTC/USD Price Climbs Above $47,500
Bitcoin Price Prediction – January 4 The Bitcoin price prediction trades slightly above the $47,000 as the coin needs to climb above $48k to keep the bullish movement. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $50,000, $52,000, $54,000 Support Levels: $43,000, $41,000, $39,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is …
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