Author: hotcrypto
Founder and CIO of crypto-focused fund Cyber Capital Justin Bons have called Bitcoin “technically one of the worst cryptocurrencies,” and a “purely speculative asset without utility” in comparison to other cryptocurrencies due to its lack of technological progress.Bons added his two cents in an 11-part Twitter thread on Aug. 28, stating that Bitcoin and BTC’s value proposition has long deteriorated due to a broken long-term security model, comparatively weak economic qualities, and lack of capacity, programmability, and composability. 1/11) BTC is unique in that it is technically one of the worst cryptocurrenciesIt has a broken long-term security modelIt lacks capacity,…
Bitcoin (BTC), the world’s oldest and most-valued cryptocurrency, saw a massive sell-off as its price dipped below the $20,000 mark over the weekend, after US Federal Reserve Chair Jerome Powell hinted that the US central bank might keep raising interest rates and keep them elevated for some time in order to stamp out inflation. Most other popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL), also saw a bloodbath, registering losses across the board. Among lesser-known altcoins, the eCash (XEC) token emerged to be the biggest gainer, seeing a nearly 40 percent rise in value over…
Shiba Inu has so far delivered a bearish performance since June, undoing its only significant bullish attempt this month. The dog-themed cryptocurrency is now showing signs of some potential short-term upside before the month ends and perhaps, in the first week of September. There is good news for the Shiba Inu community regarding the upcoming launch of the Shiba Eternity game. A foray into the budding blockchain gaming industry is one of the few avenues of growth through which Shiba Inu plans to leverage growth. William Volk, one of the project leads working on the Shiba Eternity game, has just…
VeChain, one of the leading crypto projects, decided to make a series of new upgrades to its platform to help push the mass adoption of blockchain technology. The project’s first move is the total elimination of gas fees tied to the use of decentralized applications, thus making VeChain dApps free to use by anyone.VeChain removes gas fees for dAppsVeChain is an enterprise-grade Layer 1 smart contract platform known for its flexibility. The platform used VeChain Fee Delegation as a leverage point, and it supported the creation of more than 2 million VTHO. As a result, collectors, artists, and even entire…
With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s gas tracking tool notes a priority fee will cost 11 gwei or $0.34 to get a transaction confirmed in roughly 30 seconds. Ethereum’s Onchain Transfer Cost Remains Low, L2 Transfer and Swap Fees Are Still Cheaper On August 16, the Ethereum Foundation updated a previously published blog post in order to make it clear that…
Bear markets are renowned for being a period in which negative price indexes and lower valuations flood a market. For the cryptocurrency industry, bear markets spell a time when cryptocurrency value dips exceedingly, and crypto-related activities become risky and unattractive because of the general volatility present. The current ongoing bear market has not been very straightforward as most of its predecessors for several reasons and has caused several significant adjustments within the industry.Crypto analysts believe that bear markets are essential to the development and growth of any industry. There is a specific belief in crypto that it will bounce back…
Nonfungible token (NFT) analyst and blockchain detective “OKHotshot” has highlighted his picks for 18 of the most “uncomfortable truths” about the NFT industry.In a lengthy 20-part thread to his 45,000 followers on Twitter on Aug. 27, OKHotshot laid bare many of the issues currently plaguing the NFT industry, including irresponsible celebrity endorsements, hacking, and the kinds of projects that are almost always destined to fail. The analyst made his name in the industry as a full-time on-chain analyst specializing in NFT audits and Discord security operating under as @NFTheder on Twitter. Most NFT investors will lose moneyOne of the most sobering “uncomfortable…
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject You know what everyone loves? Dogs. You know what else everyone loves? Memes. Now, put them together and voila, you have the market’s fabled meme coins. Now, Dogecoin may be one of the market’s oldest meme coin. However, of late, one can argue that Shiba Inu Coin [SHIB] has overshadowed DOGE on the charts and rankings. Everyone loves dogs, right? Perhaps, everyone likes Shiba Inu dogs too? Now, let’s associate that dog with…
My DeFi Pet (DPET) Receives a Bullish Rating Sunday: Is it Time to Get on Board? InvestorsObserver This news is republished from another source. You can check the original article here
A crypto strategist known for making timely altcoin calls is warning that corrections are imminent for Bitcoin (BTC) and Chainlink (LINK). Pseudonymous analyst Altcoin Sherpa tells his 181,900 Twitter followers that Bitcoin is looking heavy after BTC retraced from about $21,800 to below $20,000 on Friday. “BTC: I think we’re probably going to go to the low $19,000. It seems like the next logical bounce spot. Price didn’t have the strength to get up to $23,000 before dumping further. Price is still ranging. I do believe that $17,000 is going to come eventually.” Source: Altcoin Sherpa/TwitterAt time of writing, Bitcoin…