Author: hotcrypto
The bitcoin and cryptocurrency community has this week been locked in a blazing row over the development of web3—the idea a decentralized crypto and blockchain-based version of the internet could replace the Silicon Valley-centric web 2.0. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’ The bitcoin price has climbed this week, helped by former Twitter TWTR chief executive Jack Dorsey who trashed the ethereum-based web3 vision and made a bold bitcoin prediction. Now, Tesla TSLA billionaire Elon Musk, who’s this year called for dogecoin developers to upgrade the…
Bitcoin’s most recent consolidation around the $50K mark gave way to the rise of altcoins as the larger market noted gains. The highest market gainers, however, over the last week, were DeFi tokens like AAVE, CRV, SUSHI, and CAKE, which saw double-digit weekly gains. While most of the coins’ rally seemed to be weakening with Bitcoin falling under $50K, AAVE still noted the highest weekly gains of 57.60%, second only to the NEAR protocol with 63.24% over the same period. Partnerships, social euphoria, and gains Over the last year, DeFi protocols have posted three-digit ROIs with rising capital inflow and…
Chainlink Labs, the organization linked with the Chainlink (CRYPTO: LINK) token, announced Tuesday that Eric Schmidt, the former CEO of Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google has joined as a strategic advisor. What Happened: Schmidt served as the Google CEO from 2001 to 2011 leading the company from a startup and transforming it into a search behemoth it is today. “Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society. I am excited to be helping the Chainlink Labs team build a world powered by truth,” said Schmidt, as per a Chainlink statement.…
Investing in the native tokens of blockchains that support smart contracts has been an exceptionally smart move in 2021. So far this year, Ethereum (CRYPTO:ETH) is up more than sixfold. Cardano (CRYPTO:ADA) has been an even bigger winner, with a nearly eightfold gain. But which of these cryptocurrencies is the better buy now? Two Motley Fool contributors weigh in with opposing views. Image source: Getty Images. About to get even better Keith Speights (Ethereum): Bitcoin (CRYPTO:BTC) remains the most popular cryptocurrency based on market cap. However, Ethereum is in a solid second spot. Its market cap of around $500 billion…
Ethereum Classic receives an average long-term technical score of 43 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. ETC currently holds a superior long-term technical analysis score than 43% 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…
Bitcoin and Ether’s rival, which is the three largest cryptocurrency by market capitalization, Binance Coin (BNB) has significantly outperformed the two most popular digital tokens. Binance coin has skyrocketed nearly 1,300% this year (year-to-date). BNB is used widely on Binance, the world’s biggest crypto exchange by volume. It is also the native currency of Binance Smart Chain, a blockchain platform that supports smart contracts for use in decentralized finance (DeFi) and other applications. Meanwhile, Bitcoin is up 62% in 2021 whereas the second largest cryptocurrency, Ether has surged more than 400% during the said period. Tuesday. Bitcoin, famed for its…
The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace called Fractal on December 30. Fractal’s focus is on NFTs with video game utility and the project launched an NFT collection called “Fractals,” a 100,000 unique snowflakes that give users benefits while using the primary and secondary NFT marketplace. Twitch Co-Founder Launches Fractal NFT Market On December 30, the co-founder of Twitch, Justin Kan, told his 245,600 Twitter followers that he launched an NFT marketplace called Fractal. Kan also tweeted about the Fractals NFT collection that leverages the Solana (SOL) blockchain network. “Today, we are excited to…
Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to over 1,000 Benzinga visitors on altcoin investing: If you had $1,000 right now, would you buy the dip in Ethereum Classic (CRYPTO: ETC), Shiba Inu (CRYPTO: SHIB), Litecoin (CRYPTO: LTC) or Dogecoin (CRYPTO: DOGE)? Ethereum Classic: 12.8% Shiba Inu: 28.7% Litecoin: 14.3% Dogecoin: 44.2% See Also: Is Shiba Inu A Good Investment? The broader cryptocurrency market experienced a flash crash early Saturday morning, leaving…
Bitcoin’s price was pushed to the $45.7 area in a search for liquidity once more, and it has found buyers over the past few hours and was trading at $48.6 at press time. Altcoins reacted favorably to BTC’s bounce. Ethereum was trading above the $4000 mark once more, while EOS broke past a trendline resistance from a month earlier. VeChain also posted gains of around 5% since yesterday’s lows. Ethereum [ETH] Source: ETH/USDT on TradingView ETH visited the $3800 area (cyan box) where the bidding was strong and, coupled with a BTC bounce, ETH was also able to climb toward…
Investors are expecting the cryptocurrency market-dominating 2022 given the popularity of a new asset class. Thousands of cryptocurrencies are entering the market to attract the eyes of investors Here are the top 10 cryptocurrencies that could dominate market in 2022.BitcoinBitcoin is still by far the most popular cryptocurrency and its price movement has a strong impact on the rest of the crypto market. It is considered the original crypto, and its launch in 2009 is what started the whole cryptocurrency movement. The exposure to Bitcoin has instigated crypto investors to realize that Bitcoin is one of the top cryptocurrencies that…