Analysis
Love in the time of crypto: Does owning cryptocurrency make daters more desirable?
Cryptocurrency has become one of the most widely discussed topics of 2022. As such, it shouldn’t come as a surprise that mentioning “crypto” in an online dating profile may generate additional attention. A newstudy from brokerage firm eToro found that 33% of Americans who were surveyed would be more likely to go on a date with someone who mentioned crypto assets in their online dating profile. Out of the 2,000 adult residents in the United States between the ages of 18 and 99 surveyed, more than 40% of men and 25% of women indicated that their interest in a potential date is stronger when crypto is written on a dating profile. Crypto: What’s love got to do with it? Callie Cox, U.S. investment analyst at eToro, told Cointelegraph that the findings from eToro’s inaugural “Crypto & ...
ETH addresses with large balances are paring down their holdings, analyst observes
IntoTheBlock analyst Juan Pellicer has reviewed the distribution of Ethereum between long-term and short-term holders in his latest piece for CoinMarketCap, the analyst also assessed the impact of the distribution in the market In an analysis post centred around ‘Who has been buying the last dump,’ research analyst Juan Pellicer noted that the long-term holders have chiefly taken the accretion path even as distribution from fat-cat holders continues. Analysis based on the ‘Balance by Time Held‘ metric As per the data presented by the analyst, Ether hodlers collectively have 52.39 million ETH in their wallets thus far. This group (investors who have held ETH for over 12 months) has the biggest Ethereum balance and accounts for 44.51% of Ethereum holders. It...
Bitcoin hasn’t bottomed yet, Bloomberg’s McGlone says
Commodity strategist Mike McGlone has said that Bitcoin will survive the current market forces He, however, noted that it is very likely the flagship cryptocurrency hasn’t hit its lowest thus far Bloomberg Intelligence’s senior commodity strategy has delivered another bullish projection on the leading cryptocurrency. In a tweet sent out today, the commodity expert noted that Bitcoin is showing divergent strength against stocks but warned that the asset hasn’t reached the bottom. He reckons that the crypto asset will sink to its bottom when the stock market pulls a similar move. McGlone, who has previously predicted Bitcoin to touch $100,000 by the end of the year, also observed that many traditional assets are currently enduring deflationary forces resulting from the stat...
Here’s why FSInsight foresees BTC and ETH racing past 200k and 12k, respectively
A report by FSInsight predicts Bitcoin should end the year in the $138k to 222k range The report also indicated that Ethereum could reach $12k as it’s remarkably undervalued Market data outlook firm FSInsight has predicted that Bitcoin could reach $222,000 and Ethereum grow as much as $12,000 in the second half of the year. In a recent report, Digital Assets in A Post-Cycle World, the firm said that a number of factors could work in favour of the coins pushing them to reach the projected price. Several Bitcoin metrics are bullish FSInsight explained that Bitcoin is showing better market efficiency and has not exhibited rapid and unsustainable price appreciation as in previous cycles, which could be attributed to its shift from a payment method to a store of value. Further, the report...
$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown
The price of Ether (ETH) has pulled back to retest $3,000 support levels on Feb. 9 after Ethereum’s native token reached a three-week high. ETH price climbs to three-week high To date, ETH price has recovered by roughly 50% after the ETH/USD trading pair bottomed near $2,150 on Jan. 24. ETH/USD daily price chart. Source: TradingView ETH price jumped on Feb. 7 in part due to KPMG, one of the world’s four accounting giants, announcing that the firm is adding Bitcoin (BTC) and Ether to its Canadian division’s balance sheet. Bitcoin rallied to over $45,500 in the wake of the news, its best level in almost a month. However, the Big Four accounting giant chose not to disclose the degree of its exposure in the Bitcoin and Ether markets. But KPMG did s...
Most appealing DeFi tokens to buy on February 8, 2022: CAKE, LUNA, LINK, UNI and GRT
CAKE, LUNA, LINK, UNI, and GRT are all DeFi tokens. Each of them has seen a high level of growth. They can all reach new heights by the end of March 2022. PancakeSwap (CAKE), Terra (LUNA), Chainlink (LINK), Uniswap (UNI) and The Graph (GRT) are the best DeFi tokens you can buy on February 8, 2022, and we are about to go over exactly why this is the case. Should you buy PancakeSwap (CAKE)? On February 8, 2022, PancakeSwap (CAKE) had a value of $8.18. The all-time high value of the PancakeSwap (CAKE) token was on April 30, 2021, when it had a value of $43.96. This marks a $35.78 difference or 437%. When we go over last month’s performance of PancakeSwap (CAKE), its highest point was at $12.5 on January 2, while its lowest point was on January 24, with a value of $6.91. This marked a decrease...
Crypto strategist says XRP could blow after its SEC brawl – Here’s his argument
A top analyst has predicted that XRP will ‘rocket’ after the pending legal issues with the SEC are resolved Credible Crypto, as he is known on his socials, predicted XRP to peak the $20 to $30 range in this cycle A largely-followed crypto analyst and trader has predicted that XRP will explode after the legal matters between Ripple Labs and the US Securities and Exchange Commission (SEC) are settled. The pseudonymous crypto analyst, Credible Crypto, recently linked up with Thinking Crypto’s Tony Edwards and analysed a few coins based on their performance in the market, including the Ripple-affiliated XRP. Analyst advises getting in before its too late The crypto strategist observed that at the moment, XRP is looking bearish in the charts, and he expects its price...
Chainalysis report finds most NFT wash traders unprofitable
Nonfungible tokens (NFT) have taken the world by storm, resulting in mainstream interest and greater adoption of cryptocurrency. According to blockchain analysis firm Chainalysis, NFT popularity skyrocketed in 2021. Chainalysis’ “NFT Market Report” shows a minimum of $44.2 billion worth of cryptocurrency sent to Ethereum smart contracts associated with NFT marketplaces and collections last year. The report notes that this number was $106 million in 2020. While impressive, increasing scams and fraudulent activities have infiltrated the NFT space. For instance, major NFT marketplace OpenSea recently announced that its free minting tool was prone to misuse. As a result, OpenSea shared that 80% of NFTs created using this tool were either plagiarized, fake or spam. If that wasn’t bad enough, Ch...
Crypto specialist panel says Bitcoin could hit 400k by 2030
Finder’s recent price prediction report shows that a panel of specialists has predicted Bitcoin to rise and peak at $93,700 this year. However, the Fed’s plan to hike interest rates would affect this price, causing it to fall to $76,400 as the year ends. According to a Bitcoin price prediction report by Finder, a panel of experts in areas including NFTs, FinTech and crypto has issued its predictions on where the price of Bitcoin is headed in the future. The panel, which included 33 specialists, is foreseeing that the world’s largest digital asset would peak at around $93,700 before plunging to $76,400 as the year comes to an end. In addition, the panel forecasted that in the year 2025, Bitcoin would be worth at least $192,800, and five years later, its value should be app...
Market changes suggest SOL, UNI, AAVE, and MANA are ripe to buy, Santiment analyst says
A Santiment analyst has said these tokens are in a good zone for investors who want to buy into trader pain. Optimism on Solana grows as development activity continues to rise. In a recent YouTube video, the director of marketing at crypto analytics firm Santiment Brian Quinlivan highlighted a few altcoin ecosystems whose metrics show that they are set for a surge. The metric in question is market value to realized value (MVRV). MVRV shows the average loss or profit of a crypto token’s coins in circulation at the current price. It helps indicate to willing buyers when the time is right to do so. Uniswap (UNI) Despite the number of daily active addresses on the ecosystem falling sharply (from 3,259 on October 29, up to a recent 836 active ones), Quinlivan reviewed the asset’s 30-day long MV...
Why ENJ, RNDR and MANA are the best Metaverse tokens you can get on February 4, 2022
ENJ’s value saw an increase of 3.6% in the last 24 hours. RNDR’s market cap increased by 10% in the last 24 hours. MANA’s value saw an increase of 4% in the last 24 hours. Enjin Coin (ENJ), Render Token (RNDR), and Decentraland (MANA) are all metaverse-related cryptocurrency tokens. Each of them showcases solid progress in terms of growth and has the potential to reach new heights. Should you buy Enjin Coin (ENJ)? On February 4, 2022, Enjin Coin (ENJ) had a value of $1.71. The all-time high value of Enjin Coin (ENJ) was on November 25, 2021, when the token reached a value of $4.82. This means that at its ATH, the token was $3.11 higher in value or by 181%. When we go over last month’s performance, Enjin Coin (ENJ) saw its highest point of value on January 3, with a value of $2.94. Its lowe...
Altcoin analyst calls Near Protocol a solid project, sees FTM bottoming at $1.50
The market has gained ground on Friday following yesterday’s pullback that halted the uptrend that started on Monday Fantom, alongside other altcoins, is seeing modest gains Crypto analyst Altcoin Sherpa has shared in a series of tweets his short-term predictions for Bitcoin (BTC), Fantom (FTM), and Near Protocol’s native token NEAR. Sherpa, an advisor for the decentralised cross-chain liquidity aggregator Atlas, has previously made a number of right calls on various alts. NEAR/USD NEAR posted an all-time high slightly above $20 just a little over two weeks ago. The surge was propelled by several factors, including Near Protocol’s successful completion of a $150 million funding round led by Three Arrow Capital. Since then, NEAR/USD has lost over 40% of its value and is currently trading at...
