Author: hotcrypto
September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, there are expectations that the price of BTC will continue to dive and likely reach lower trends as it enters the worst of the bear market. Analyst Says Brace For Impact One of those who have referred to the September curse in their analysis of…
Choosing the best crypto to buy for 2022 is challenging, but analysts have spotted a new opportunity that promises to outperform Litecoin (LTC) and Bitcoin Cash (BCH) and deliver huge gains. Litecoin’s (LTC) and Bitcoin Cash’s (BCH) trading volume has decreased considerably since the bear market winter of 2022, according to CoinMarketCap. Our analysts were tasked to find a new cryptocurrency which has the ability to grow over 5000% before the end of 2022. Investors in Litecoin (LTC) and Bitcoin Cash (BCH) are swarming to purchase The Hideaways (HDWY), a new presale headliner. Litecoin (LTC): The Silver Bitcoin Is Failing…
A closely followed analyst known for timely altcoin calls is updating his outlook on several crypto assets as the markets trade flat. The pseudonymous trader known as Altcoin Sherpa says he’s looking to go short on fan token-focused crypto project Chiliz (CHZ) as the coin forms what he sees as a bearish set up. “CHZ: Current plan for short entry.” Source: Altcoin Sherpa/TwitterBased on his chart, Altcoin Sherpa is looking for a bounce off the four-hour 200 exponential moving average (EMA) before opening a short around the $0.22 range. At time of writing, CHZ is changing hands at just over…
Poolin, one of the largest Bitcoin mining pools by hash rate, has announced it has temporarily suspended Bitcoin and Ether withdrawals from its wallet service due to “liquidity problems.”In a Monday announcement, Poolin said its wallet service was “facing some liquidity problems due to recent increasing demands on withdrawals” and planned to temporarily stop payouts of Bitcoin (BTC) and Ether (ETH). In its Telegram channel, Poolin support told users it was “hard to name a specific date” on which it would resume normal service, but hinted it could be a matter of days, while the help page stated, “time and…
Per an official post, crypto exchange Binance will take extra precautions during Ethereum’s “Merge”. The platform announced a halt in ETH deposits and withdrawals across multiple networks starting tomorrow September 6th, 2022, at 2:00 UTC. Users will be unable to deposit or take out their Ethereum (ETH) from the exchange, as mentioned, and they will lose any funds from incoming transactions. The limitation will extend from tomorrow until the mainnet deployment of “The Merge”. This event is one of Ethereum and the crypto industry’s most anticipated events. The network will complete its transition from a Proof-of-Work (PoW) to a Proof-of-Stake…
Trezor, the company behind one of the most popular crypto wallets, has teamed up with privacy project Wasabi to bring CoinJoin mixing to Bitcoin transactions on its hardware wallets. The two projects confirmed the partnership via Twitter Monday. The idea is that users will be able to use CoinJoin on their Trezor devices for greater transaction privacy beginning next year. CoinJoin is a coin mixer that groups Bitcoin transactions together to obscure their origins. Wasabi Wallet is a popular Bitcoin wallet made by software firm zkSNACKs that uses CoinJoin technology. Trezor specializes in cold storage—wallets that store cryptocurrency offline, the…
The option to engage in cryptocurrency is one of the most well-known and rapidly expanding alternatives for market players to place their money and, hopefully, turn a profit. Many in the global financial sector are intrigued by the prospect of virtual currencies, suggesting that we may be gradually but surely moving forward towards a global digital economy. As of the writing of this article, there has been a lot of news about the ongoing bear market fall, which has caused a slopey descent for the industry, but some are still holding out hope. There is no such thing as bad…
– Advertisement – Cryptocurrency exchanges have become an integral part of the crypto space. They enable the trading of crypto assets. They also allow crypto users to swap their tokens for other tokens. Its fast-growing nature and the ever-increasing complexity of most crypto exchanges have discouraged newcomers from fully grasping the crypto world. Most decentralized crypto exchanges are complex, and only advanced users can use them efficiently. If you are new to crypto, the best crypto exchange for you is the Huh (HUH) exchange. Why Pick The Huh (HUH) Exchange? The Huh (HUH) exchange development team has made conscious efforts…
The first thing to understand when discussing Chainlink (LINK) vs VeChain (VET) is that these networks serve very different roles in the market. Chainlink was built to solve oracle integration problems, whereas, VeChain is a logistics-focused network. Interestingly, these networks could work together one day as Chainlink provides services that VeChain could leverage. Here is everything you need to know about Chainlink (LINK) vs VeChain (VET).What is Chainlink?Chainlink was an early contender in the market but not as a traditional blockchain. Chainlink is a decentralized network of oracles that are off-chain sensors which can communicate data to and from the…
Tether (USDT) gets a bearish rating from InvestorsObserver Monday. The crypto is down 0.01% to $0.9999836059 while the broader crypto market is up 0.03%. Tether has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Tether! Bearish Over the last five days, Tether has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Tether over the past five days by volume and price movement.The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term…