Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Cryptocurrency
Using Stock-to-Flow Model to Predict Bitcoin’s Future Price
Since the introduction of Bitcoin in 2009, digital currency has seen a tremendous increase in its unit price. Crypto fanatics and investors, at times, try to predict the future unit prices of bitcoin, but it has proven to be an enormous task. In addition, investors want to understand the best time to invest in bitcoins. So, how do you predict the price of something so volatile? The Stock-to-Flow model is quite effective at predicting bitcoin prices. Keep reading to see…
5 years ago
How to avoid buying into an ICO or Token Sale that is destined to fail
An Initial Coin Offering (ICO) is an easy way of investing in a blockchain-based project that is still developing. With good research, intuition, and luck, you may buy into a future cryptocurrency with global recognition. The next ICO could be the one that brings you a substantial ROI. However, it could also be one of the many that fail or turn out to be a hoax. Despite their continuous loss of credibility, ICOs remain widely popular. Today, we focus on the…
5 years ago
3 Incredible Altcoins to Watch out for in 2020 and 2021
Since the inception of Bitcoin in 2008, there has been a spike in the hype surrounding cryptocurrencies and blockchain. Though Bitcoin has dominated the market, more cryptocurrencies come into the market daily, with over 20000 digital currencies circulating the crypto world. A new era is in play for safer, sustainable, and profitable solutions for financial and investment spheres. More cryptocurrencies mean more options for multitudes fascinated by this dimension, which proves the typical notion that only big players can trade…
5 years ago
A Complete Guide On Crypto Liquidity Providers – How does it Work?
The crypto industry has, for a long, been very unstable. Bitcoin, for example, has experienced episodes of very high liquidity, then later very low liquidity. Liquidity is the ability of an asset to be converted to cash. Recently, however, the crypto world has seen the rise of crypto liquidity providers. So who are crypto liquidity providers, why do we need them, and what do they do? We will discuss all these in detail in the sections below. Who are Crypto…
5 years ago
WIREX to Receive Principal Membership with MasterCard Partners
Wirex announced a partnership with Mastercard taking place in record books as the first crypto native platform to receive principal membership from Mastercard, enabling them to issue payment cards to users. The trading platform expressed in their tweet the possibilities that this collaboration has opened doors to. It has been vigilant to facilitate mainstream adoption as the ultimate payment solution for users worldwide. They further mentioned it as a gateway to exploring new spaces in cryptocurrencies and Fintech. Overview of the…
5 years ago
The DAO Hack Report and Its Ongoing Implications to Cryptocurrency
Ethereum is one of the top digital currencies shaping the decentralized ledger technology. It's a community blockchain behind the Ether (ETH) cryptocurrency and thousands of dApps. According to CoinMarketCap, ETH is the second-highest traded (over $5,776,058,511 in 24hrs, at the time of writing) coin behind BTC. Ethereum is considered the most stable blockchain hence the preferred infrastructure for most stable coins. However, the blockchain is associated with some minimal flaws. Among these is an attack on the DAO. This article will…
5 years ago
How Crypto Can Revolutionize the Payment System Worldwide
The exchange of goods and services for money is one of the fundamental aspects of human existence. Thus, payment systems were established to facilitate funds transfer from one entity to another. Payment systems have undergone several changes since their establishment. Unfortunately, none of them has been perfect, with each presenting its unique setbacks. This was one reason blockchain and digital currencies were established; to facilitate a more effective payment system for the entire world. The adoption of blockchain and cryptocurrencies…
5 years ago
Multi-currency Crypto Wallets with Passive Income Features
Cryptocurrency wallets are useful tools that allow crypto enthusiasts quick access to their crypto assets. It's worth mentioning that this is one way the global use of cryptocurrencies can become a reality in our daily lives. However, some multicurrency wallets have moved a step further, not only as a payment tool but also to serve other unique functions in the digital financial world. Blockchain solutions have enabled crypto enthusiasts to use their cryptocurrency wallets as a haven to grow their…
5 years ago
Countries Where Bitcoin is Legal in 2020
Since its debut in 2008, Bitcoin has been increasingly grown in popularity and demand across the globe. It provides an excellent investment alternative compared to centralized currencies, which has led to the digital currency gaining many followers. The digital coin is suitable for businesses worldwide without conversion, providing a fast and efficient transaction mode. Furthermore, buying and selling bitcoin is possible, while earning is also an option. The most common way to earn bitcoin is through its mining. Bitcoin ATMs…
5 years ago