Author: hotcrypto
Anyone who has watched Bitcoin’s erratic price gyrations since its inception could get dizzy. When first introduced in 2009, a unit of the pioneering cryptocurrency was valued at… zero cents. Within about two years, the price rose to US$1 (RM4.2) and months later surged upward in value to about US$30 (RM125), according to data from SoFi, a student loan refinancing firm. But then it plunged to US$5 (RM20). By 2013, SoFi reported the price of Bitcoin was peaking at US$1,100 (RM4,596). It took off from there, hitting a 2021 high of more than US$60,000 (RM250,710), but with lots of stomach-churning…
Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published a research note on cryptocurrency this week arguing that Solana could take market share away from Ethereum. The Bank of America analyst described that Solana “produces a blockchain optimized for consumer use cases by prioritizing scalability, low transaction fees and ease of use,” citing Solana…
Litecoin price shows a triple bottom setup on a 3-day chart, hinting at a 40% ascent. The 50-, 100-, and 200-day SMAs are plaguing LTC’s path at $157.03, $170.13 and $181.98, respectively. A decisive candlestick close below $103.82 will create a lower low, invalidating the bullish thesis. Litecoin price shows a massively bullish pattern developing on a higher time frame, suggesting that a bull rally is on its way. Regardless of the optimistic setup, LTC’s path is sprinkled with multiple hurdles that could hurt and even stop the uptrend dead in its tracks. Litecoin price eyes a higher high Litecoin…
Amid another busy week of cryptocurrency trading, the Benzinga team decided to take a look into how often popular cryptocurrencies Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are being searched for, relative to one another. Data is courtesy of Google Insights and tracks search interest from January 8 to January 15. According to Google Insights: “Numbers represent search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular.” See Also: Will Dogecoin…
What is VeChain (VET)? VeChain (VET) was one of the first blockchains built exclusively to cater to the needs of enterprise-level clientele. The developers behind the project seek to improve supply chain and product lifecycle management through the use of distributed ledger technology (DLT). Importantly, the platform offers users a variety of new functionalities that make it ideal for businesses seeking to enhance supply chain protocols and business processes. Today, the logistics sector suffers from an asymmetric information problem. While the systems in place do collect a large amount of data, this data is not communicated in an optimal manner.…
BANGKOK/YANGON — Myanmar’s National Unity Government, a pro-democracy group, recently announced that it officially endorses domestic distribution of the cryptocurrency Tether in a move to resist Myanmar’s military, which seized control of the country last February, using fintech. This news is republished from another source. You can check the original article here
InvestorsObserver analysis gives SafeMoon Inu a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is giving SafeMoon Inu a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on SafeMoon Inu! Trading Analysis SMI’s current risk score…
Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including bitcoin, cardano, solana, tron, and Binance coin. Vitalik Buterin’s Cryptocurrency Twitter Polls Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter Thursday for the Ethereum community. “You wake up in 2035 and 80% of all transactions and savings in the world are in…
While the crypto market mayhem might not be over, the OG non-fungible token (NFT) marketplace OpenSea has been recording impressive volumes. However, OpenSea’s competitor LooksRare, which launched on 10 January, has been breaking its records with regards to sales. Dune Analytics recorded that since the launch, OpenSea has clocked total volumes of over $965 million. But, at press time, LooksRare’s total volume crossed an impressive $1.8 billion. The newcomer is also maintaining an everyday lead in volumes in the past week. And naturally, the new NFT trading platform has taken the industry by storm. But, it is worth noting that…
Want to jump straight to the answer? You can buy MIOTA on eToro. Cryptocurrency is an industry still in its infancy. While this makes investing in the asset class higher risk than traditional investments, it also provides the opportunity for higher returns than what you’d find in traditional markets. In the world of digital assets, Bitcoin and Ethereum are deemed as “Blue-Chip” cryptocurrencies, as they are more established and less risky than altcoins. One altcoin that offers a good risk to reward, IOTA, may be a good addition to your portfolio –– here’s how to buy IOTA in a few…