Author: hotcrypto
Coin Bureau crypto channel host Guy is revealing why he remains bullish on five major crypto assets despite recent sell-offs. Guy tells his 1.87 million YouTube subscribers that he is unconvinced that the bull market is over and thinks there are “upcoming crypto milestones that could be a catalyst for a massive reversal.” Starting with Solana (SOL), the Coin Bureau host says that the sixth-largest blockchain by market cap is still “technically in beta” and the launch of a mainnet is in the pipeline. According to Guy, Solana’s mainnet could go live “around March this year”. A mainnet is a real-world…
InvestorsObserver analysis gives DeFi Bids 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 DeFi Bids a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on DeFi Bids! Trading Analysis BID’s current risk score…
Investors’ confidence has remained low as a result of the Federal Reserve’s tapering decision and the recent performance of the cryptocurrency market. Several cryptocurrencies, however, deserve community attention in this coming year. When HUH Token debuted in December 2021, it included a referral mechanism in its smart contract, which can be credited to their successful launch. Furthermore, a social media network that will revolutionise influencer and customer engagement is in the works and is slated to open in 2022. According to a recent release, the project’s emphasis is currently on bringing advancements to the mainnet. In addition, there are rumours…
What happened Top cryptocurrencies Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Cardano (CRYPTO:ADA) each continued higher on Saturday. These tokens showed 24-hour gains of 2.5%, 4.0%, and 3.2%, respectively, as of 11:00am ET. Over the past seven days, each of these tokens remains in the green, between 3% and 5% higher. Of course, Bitcoin saw its worst start to the year since its inception, making this rebound week an important one for traders to watch. Image source: Getty Images. Cardano continues to gain ground, following this week’s news that the Cardano Forest, a project run by the Cardano Foundation, hit a major milestone of planting 1 million…
Bitcoin Cash receives a strong long-term technical score of 77 from InvestorsObserver’s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. BCH currently holds a superior long-term technical analysis score than 77% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help…
The team behind Floki Inu (CRYPTO: FLOK) — a memecoin known for its aggressive marketing campaigns and rapid rise in popularity — announced that the project will transition to become a decentralized autonomous organization (DAO). What Happened: Floki Inu’s team announced that the project decided to “begin a gradual and phased transition to a DAO” following “extensive discussions with key and strategic advisors, as well as after review of data and information.” The developers shared three main factors that played a role in the decision to transition to a DAO structure. The first one is ensuring mainstream adoption of the coin and its…
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On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This week, the current total supply of usd coin surpassed tether, in terms of tokens issued on the Ethereum blockchain, as usd coin has a 0.568% larger fully diluted market capitalization on the smart contract network. USDC Issuance on Ethereum Surpasses Tether’s ERC20 Supply The current total supply of the stablecoin usd coin (USDC) on the Ethereum blockchain…
Bitcoin has had its fair share of bear markets in the past. Let’s briefly recap the most significant ones and see what we can learn from them.The 2011-2012 Bear MarketThe bitcoin price fell from $29 on June 8, 2011 to $2.10 on November 18, 2011, followed by months of sideways action:The first bear market, 2011-2012. Chart data source: CoinMetrics.ioThe most painful bear market happened before most of us were even aware that something like bitcoin existed. More than ten years ago, the price of bitcoin reached almost $30 on the then-popular Mt. Gox exchange, only to be followed by a…
It was a bullish Friday session for the crypto market on Friday. Litecoin (LTC) ended the day up by 5.86%, with Bitcoin (BTC) and Ethereum (ETH) seeing gains of 1.19% and 2.12% respectively.While there has been plenty of news relating to interconnectedness between the crypto and U.S equity markets, the crypto market also has its own key drivers.Amongst these are regulatory activity, adoption, and exchange listings.On Friday, Secret (SCRT) surged by 16.3% to end the day at $8.63. It could have been an even more impressive session, with SCRT striking a new ATH $11.25 on the day.Just last week, we…