Bull Run

Bitcoin: How much influence can these investors hold

Bitcoin is speculated to have a major bull run this year. But the question remains – who really is heading this rally? When compared to the previous bull market some interesting observations can be seen.  Bitcoin follows who? Back in 2017, it was whales. Whales led the bull market of 2017, which placed BTC from $990 to $13,400. This year that leader needs to change as the entity which should be leading the bull market needs to be you and me – the retail investors. In the last 7 months,

How profitable is Ethereum in the current market

The recent 34.4% rally Bitcoin achieved stabilized the market after almost a month of a consolidated downtrend and the rally also reflected on Ethereum. When it comes to altcoins it is assumed they follow Bitcoin’s lead thus at the moment they should be rising as well. However, while Ethereum did follow BTC and jumped in value, at the moment it seems to be hitting consolidation again. Which way is ETH headed? Ethereum back into consolidation After registering a 28.8% rise in the past week, on July 27, ETH started showing

EOS Price Prediction 2021, 2025, 2030

What is EOS? EOS is one of the best-known cryptocurrencies today that allows building decentralized apps (DApps) in a simple and scalable way. EOS cryptocurrency was developed by a company called Block.one. Founded by software programmer Daniel Larimer and entrepreneur Brendan Blumer, who still hold the roles of CTO and CEO, the company began to work on the project in 2017. In June of 2018, the EOS officially went live after a year-long Initial Coin Offering (ICO). The ICO raised more than $4 billion, despite the prohibition to participate from

Nugenesis Ecosystems – Upholding the Principles of Monotheism Financial Practices, Paving the Way for Future Application of Islamic and Non-usury Banking

Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat?All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc.Some may argue that government-issued fiat currencies do not have any intrinsic value and may be incompatible with a careful interpretation of Sharia law. This would pose a problem for the burgeoning Islamic finance industry, which aims to produce financial returns in compliance

A classic case of short-term loss, long-term gain for Bitcoin and the crypto-sector?

Regulatory scrutiny has become an oft-visited issue in recent months, with countries all over the world stepping up their efforts to regulate the cryptocurrency ecosystem. Several arguments have been made in favor of, as well as against these steps, with some calling it an effort by traditional institutions to curb what doesn’t fall under their purview while others have hypothesized about the possible growth that regulations can bring. Those in favor of regulations were joined by Bitmain founder and former CEO Jihan Wu recently after he told CNBC that he

China Situation Not as Bad, Bitcoin to Reclaim $60K In 2021: Interview with OKEx

CryptoPotato had the opportunity to host a discussion with Lennix Lai – the Financial Markets Director at OKEx. Established in 2017, OKEx is one of the leading cryptocurrency exchanges in the world by means of trading volume and is also a big player in China. We took the opportunity to discuss, first hand, what’s currently going on in the market from both a retail and institutional perspective, as well as what’s actually happening in China. [embedded content] $60K Bitcoin In 2021 After Bitcoin lost around 50% from its all-time high

November 2020: A Month of All Time Highs

November 2020 has been a record-smashing month for crypto. From coin derivatives, to flat-out Bitcoin (BTC) price, the roller coaster keeps climbing up. With power behind Bitcoin like never before, the next few months look exciting. All-Time Higher and higher So the golden price of $20,000 for 1 BTC never happened, but $19,725 was not half bad. Cryptocurrencies are having another year to remember, and November was perhaps that most exciting month yet. According to Coingecko’s monthly report, November saw plenty of highs. The crypto market cap reached $554 billion.

TrustSwap Review: Making Smart Contracts Mainstream

The cryptocurrency space can be a scary place if you are not careful. There are scammers left and right, and not just in Discord and Telegram. Many cryptocurrency projects have revealed themselves to be nothing short of a ponzi scheme. Some have even ended with a rug pull – the team dumping their share of the crypto on the market and running with the cash.TrustSwap is a cryptocurrency project that is hoping to change that by using smart contracts. They want to create a new standard for initial coin offerings

98% of All Bitcoin Is Now Worth More Than When You Bought It

Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder richer on 97.6% of days.BTC profitability “characteristic of bull runs”Put another way, as on-chain analytics service Glassnode noted in its The Week On-Chain weekly report on Monday, 97.6% of Bitcoin unspent transaction outputs (UTXOs) are in profit.This means that only 2.4% of UTXOs were created — as part of a transaction between wallets — when

Here’s Why Bitcoin May Soon See a Sharp “Downside Flush” Despite Stability

Bitcoin has found some strong stability within the lower-$12,000 region following yesterday’s upswing Analysts are widely confident that it is currently caught within the early stages of its next bull run, which may ultimately lead it up towards its all-time highs Despite getting closer to these highs each week, there may still be some turbulence ahead for the cryptocurrency One analyst is noting that high funding rates for BTC on margin trading platform spell trouble for its near-term outlook He believes that BTC will soon see a sharp downswing that