Day: December 21, 2023

Cosmos (ATOM) Elliott Wave Summary (2019

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Cosmos ($ATOM) is the coin that powers the entire Cosmos ecosystem. It consists of a variety of projects from different spheres such as finance, decentralized exchanges (DEX), and cloud computing. The earliest price data I can find for $ATOM is from Kraken, starting in April 2019. Using this price data, the remainder of the article represents my best efforts to apply Elliott Wave Theory (EWT) to isolate its placement in market structures. I will assume that you have some knowledge of EWT to understand the terms, but I have also…

Is Ethereum (ETH) Ready For A Monster Move In January 2024?

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In a recent post on X, Sassal, an independent Ethereum educator, is doubling down on Ethereum (ETH). The angel investor said that based on current market sentiment, there are signals that the “death of ETH” narrative is losing steam. This is a reason, in Sassal’s view, to buy even more ETH ahead of the expected bull run. Ethereum Bulls Confident, ETH Resistance At $2,400 With the bullish stance, the independent Ethereum educator appears to be convinced that Ethereum’s fundamentals are strong. More importantly, the analyst is confident that the network is well-positioned…

Dogecoin trends at $0.10; analysts expect Polkadot and Rebel Satoshi to rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the ever-changing crypto landscape, Dogecoin (DOGE), a memecoin, is making headlines again. After a prolonged lull, DOGE has reached a new yearly high of $0.10, coinciding with its 10th anniversary. This breakthrough could signify the beginning of a much-anticipated rally. Dogecoin breaking out Dogecoin’s recent surge to $0.106 represents a significant breakout from its near three-year downward trend.  The relative strength index (RSI) for DOGE, currently above 50…

Ethereum co-founder Vitalik Buterin lost $29m in six days

Vitalik Buterin — the co-founder of the blockchain that unleashed smart contracts on the world — has seen tens of millions worth of holdings evaporate from his portfolio in mere days. According to data provided by blockchain analytics service Arkham Intelligence, Buterin’s publicly-known crypto wallets became about $29 million lighter in the six days from Dec. 15 to Dec. 21. This means that the wallets cumulatively lost about 5% of their total value as the price of the assets they held fell from $572 million down to $543 million. Buterin…

Solana Headed To $100? Here’s What’s Driving The Growth

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Solana (SOL) is flying high at the moment, and from all indications, the crypto token has no intention of slowing down anytime soon as it eyes $100. This is no doubt feasible, considering the several bullish narratives that continue to build up in the Solana ecosystem. Interestingly, SOL recently surpassed XRP to become the fifth-largest cryptocurrency by market cap.  Solana DeFi 2.0 Is No Joke On December 16, the official X (formerly Twitter) account for Solana made a post where it stated that “Solana DeFi 2.0 is just getting started.”…

Ethereum devs eye January for Dencun testing

Ethereum Foundation Developers set tentative dates for a major upgrade to scale crypto’s biggest altcoin blockchain.  During a biweekly call, developers disclosed that Jan. 17 is a possible date for testing the Dencun upgrade on Goerli’s testnet. Dencun was delayed past Q4 2023 due to technical difficulties building its code. The upgrade, known as EIP-4844,  aims to increase blockchain space for data blobs and slash layer-2 rollup fees by activating proto-danksharding. This data storage expansion should scale Ethereum’s blockchain, enabling more transaction capacity without hiking gas fees. Barring any disruption…

A Critical Juncture for the Global Stablecoin Market

Elsewhere, the G-20 discussions earlier in the year revealed a split in perspectives, especially among emerging economies, over concerns about the disruptive potential of stablecoins on sovereign monetary policies. This led to calls for stringent regulatory frameworks, reflecting the need to balance financial innovation with national economic safeguards. In October, the G20 adopted a crypto roadmap to coordinate a global policy framework for crypto assets, including stablecoins, which will also take into consideration implications for emerging markets. Source

Neon EVM Hits Record-High 730 TPS On Mainnet

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In the rapidly evolving landscape of blockchain technology, Neon EVM, a smart contract on Solana (SOL) has emerged as a frontrunner by introducing a landmark parallel processing architecture on its mainnet.  This approach has enabled Neon EVM to achieve an increase in performance, scalability, and efficiency, according to a press release share with NewsBTC. Neon EVM Dominates Transaction Processing  Neon EVM, the first parallel Ethereum Virtual Machine (EVM) on mainnet, has achieved a record-breaking 730 Transactions Per Second (TPS) on its mainnet. Notably, this is the first time such high…

Argentina will accept Bitcoin for contractual agreements, new minister says

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Argentina’s government has approved Bitcoin to be used for contractual agreements. This development follows the election of President Javier Milei, known for his positive stance on cryptocurrencies. Diana Modino, the country’s Minister of Foreign Relations and International Commerce, announced on X that Bitcoin, along with other cryptocurrencies, can now be used as a valid currency in legal contracts in Argentina. Ratificamos y confirmamos que en Argentina se podrán pactar contratos en Bitcoin. — Diana Mondino (@DianaMondino) December 21, 2023 In her statement, Modino emphasized the flexibility of contractual agreements in…

Matrixport Foresees Bitcoin Hitting $50,000 Price Mark: Here’s When

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Matrixport, a crypto financial services firm founded by Jihan Wu, former CEO of Bitmain has recently shared a summary that delves into its forecast for Bitcoin, predicting a significant surge in its price. Founded in 2019, Matrixport has been closely monitoring Bitcoin’s market dynamics and trends. Their recent analysis suggests a robust future for Bitcoin, particularly noting its potential to break the $50,000 barrier by 2024. Spot ETF Approval Could Catapult Bitcoin Above $50,000 Matrixport bases its optimistic forecast on the anticipated approval of Bitcoin spot ETFs by the US…