A top executive at US-based crypto exchange Coinbase is unveiling what he believes is in store for the crypto markets in 2022. In a new company blog post, chief product officer Surojit Chatterjee says that Ethereum (ETH) competitors Avalanche (AVAX) and Solana (SOL) should see significant improvement this year and that new layer-1 (L1) solutions …
Yearly archives: 2022
Altcoin Breakout Imminent, Says Analyst Nicholas Merten: Here’s the Sector To Watch
A popular crypto analyst says that altcoins are primed to surge and he’s eyeing one key sector that could see the biggest gains. In a new strategy session, Nicholas Merten tells his 489,000 YouTube subscribers that although Bitcoin (BTC) looks somewhat stagnant, money isn’t moving out of the markets completely but instead shifting into altcoins. …
Axie Infinity, Monero and Four Additional Altcoins Looking Ripe for Breakouts: Crypto Analytics Firm
Blockchain gaming crypto Axie Infinity (AXS), privacy coin Monero (XMR) and four more altcoins are conditioned for rallies, according to data from analytics firm Santiment. Besides AXS and XMR, the firm highlights decentralized application (DApp) platform Quantum (QTUM), Web3-focused Ankr, Solana-based liquidity provider Raydium (RAY), and XRP competitor DigiByte (DGB). “There are usually at least …
Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’
The bearish pressures facing the cryptocurrency market at the end of 2021 have continued into the first week of 2022 after the price of Bitcoin (BTC) dropped below $47,000 on Jan. 1 and the asset still faces stiff headwinds on the shorter timeframe charts. Data from Cointelegraph Markets Pro and TradingView shows that, after climbing above …
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Play to Earn: How Gaming Drives Cryptocurrency Adoption
Play to earn brings together DeFi and NFT investment, to build value based on community growth and engagement with new gaming models. The growth of play to earn in 2021 was explosive, further moving trends in cryptocurrency away from a closed community of arcane knowledge and into a community of easy access and adoption. Play …
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Bitcoin Price Prediction: BTC/USD Ready to Cross below $46,000
Bitcoin Price Prediction – January 3 Today, the Bitcoin price prediction loses traction after touching the low of $46,215; losses likely to continue in the near term. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $43,000, $41,000, $39,000 BTCUSD – Daily Chart Buy Bitcoin Now Looking at the …
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Bitcoin Price Prediction: BTC/USD Bears Could Demolish $46,000 Support
Bitcoin Price Prediction – January 3 The Bitcoin price prediction shows that BTC keeps trading below the moving averages as the coin touches at $46,276 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $50,000, $52,000 $54,000 Support Levels: $43,500, $41,500, $39,500 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently facing …
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Cardano (ADA) Edges Out Ethereum (ETH) To Lead All Crypto Assets in Development Activity for 2021: Insights Firm Santiment
Crypto insights firm Santiment is revealing that in 2021, smart contract platform Cardano (ADA) is ahead of the curve in terms of development activity, surpassing its biggest competitor Ethereum (ETH). In Santiment’s year-end report, the analytics firm says that it tracked development data from thousands of public GitHub repositories to compile a list of the …
Cardano became the most developed crypto on Github in 2021 — Santiment
According to data compiled by CryptoRank and Santiment, Cardano (ADA) was the most developed crypto on Github in 2021, with over 140,000 events. Rounding out the top three were Kusama and Polkadot at second and third places, respectively, with roughly the same number of events over the year. Cardano beat Ethereum’s development activity by a …
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Price analysis 1/3: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
Bitcoin’s (BTC) price action has been uneventful in the first few days of the new year and it continues to languish below the psychological level at $50,000. The Crypto Fear and Greed Index is in the fear zone registering a value of 29/100. On-chain analytics resource Ecoinometrics said stages of extreme fear rarely remain for …
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Samsung uses blockchain technology to address climate change
Samsung Electronics America announced Monday at the CES Tech Conference in Las Vegas its partnership with veritree, a blockchain-based climate solutions platform, to plant two million mangrove trees in Madagascar over the next three months. veritree uses blockchain technology to manage the reforestation process and verify each tree that is planted. The tree-planting initiative is …
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Billionaires turning towards Bitcoin amidst fears of inflation
Cryptocurrencies are now showing signs of being an asset class amidst growing adoption. The current trend shows that investors initially opposed to Bitcoin and cryptocurrencies have become more open towards digital assets. The action of these investors to turn towards Bitcoin comes as inflation fears grow, and these assets become tools to hedge against inflation. …
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Goldman Sachs shows Bitcoin outperformed all capital markets in 2021
The latest data from Goldman Sachs shows that Bitcoin has cemented its position as the go-to store of value among many investors. According to the bank’s 2021 return scorecard, Bitcoin’s returns last year outperformed all capital markets, including global indexes the S&P 500 and Nasdaq, and equities such as FAAMG. Gold, the traditional go-to store …
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Square Enix starts the year focusing on blockchain games
In his New Year’s letter, Square Enix President Yosuke Matsuda revealed the company’s plans to focus on incorporating blockchain-based games into its portfolio. Besides getting behind the blockchain games, the major publisher indicated it is eager to participate in the emerging trends–including Metaverse and NFTs. Decentralized gaming Although Square Enix has not announced any games …
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As US Inflation Skyrockets White House Blames Monopolies, Economist Calls for Price Controls
U.S. inflation is red hot and a number of analysts and economists are predicting America will face further economic issues as politicians and the Biden administration blame corporations. This perspective on rising inflation has led finance authors like Isabella Weber to believe that price controls could ease America’s economic burdens. Biden Administration Blames Inflation on …