The country’s market regulator has said that stricter digital asset rules are coming to ensure that investors are protected; BTC trades slightly lower on Sunday.
Source: Coindesk
Original Post: First Mover Asia: BTC Dips Below .5K; The Crypto Bear Market Will Test Thailand’s SEC
Ethereum appears to be on the right trajectory after a month of redemption. ETH started the month priced a little above $1,050, but is about to end it at around $1,700. On the back of a wider market upturn and the Merge’s announcement, Ethereum has surged on the charts. In fact, the Merge announcement, due […]
Source: AMBcrypto
Original Post: Ethereum [ETH]: All you should know about the full impact of its Merge reveal
Ethereum blockchain’s potential transition from proof-of-work to proof-of-stake (Merge) has triggered a buying hysteria around the hype. Well, not just for ETH, but also for related cryptos such as Ethereum Classic. In fact, different predictions concerning the altcoin have come true too. ETC, for instance, at press time, had jumped to $40 from its value […]
Source: AMBcrypto
Original Post: How ‘totally fine’ ETC is coping with the effect of Ethereum’s Merge
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S. dollar’s value.
Aave explained on Sunday that the Aave decentralized autonomous organization (DAO) approved a proposal to create a stablecoin token called “GHO.” “The community has given the green light for GHO,” the official Aave Twitter account detailed. “The next step is voting on the genesis parameters of GHO, look out for a proposal next week on the governance forum.”
The GHO introductory blog post, published on July 7, 2022, says the stablecoin will be “backed by a diversified set of crypto-assets chosen at the users’ discretion, while borrowers continue earning interest on their underlying collateral.” The governance proposal was approved by a great majority of Aave DAO voters, as more than 99% of voting participants voted in favor of launching GHO.
The governance proposal’s approval snapshot says GHO will “provide benefits for the community via the Aave DAO by sending 100% of interest payments on GHO borrows to the DAO” and GHO will be “administered by Aave governance.” Aave’s stablecoin will join the stablecoin economy, which is currently valued at $153 billion. Tether (USDT) leads the stablecoin pack and usd coin (USDC) follows behind USDT, in terms of overall market capitalization.
GHO will also join stablecoin crypto assets that leverage collateral assets and some that leverage the method of over-collateralization. Makerdao’s DAI stablecoin is over-collateralized and Tron’s USDD is also over-collateralized, which means there’s more collateral than necessary to cover the stablecoin’s backing during times of extreme market volatility.
“As a decentralized stablecoin on the Ethereum mainnet, GHO will be created by users (or borrowers),” Aave Companies’ blog post about the subject explains. The blog post further adds:
Correspondingly, when a user repays a borrow position (or is liquidated), the GHO protocol burns that user’s GHO. All the interest payments accrued by minters of GHO would be directly transferred to the Aave DAO treasury; rather than the standard reserve factor collected when users borrow other assets.
Aave also has a native token which is ranked 45 out of more than 13,000 crypto assets today. The digital asset has a market valuation of around $1.46 billion and aave (AAVE) has increased 84.7% during the last month. The open source decentralized lending protocol is the third largest decentralized finance (defi) protocol in terms of total value locked. Data from defillama.com indicates that Aave has $6.59 billion locked on July 31. In mid-May, Aave launched a Web3, smart-contracts-based social media platform called the Lens Protocol. The Lens platform has more than 50 applications built on top of the Polygon (MATIC) network.
As far as the GHO stablecoin is concerned, Aave Companies said that the community was “very engaged with the GHO proposal, providing incredibly helpful and informative feedback.” Aave detailed some of the things mentioned by the community the team will focus on which includes DAO-set interest rate vulnerabilities, supply caps, a peg stability module, and the “necessity for properly vetting potential facilitators.” For now, the community will have to participate in voting on the stablecoin’s genesis parameters before the crypto token is issued.
What do you think about the upcoming Aave stablecoin project called GHO? Let us know what you think about this subject in the comments section below.
Source: Bitcoin.com
Original Post: Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO
Fidelity’s lead macro strategist Jurrien Timmer says that Bitcoin (BTC) and Ethereum (ETH) have reached a point where they are likely impervious to competition.
In an interview with Raoul Pal on Real Vision, Timmer compares Bitcoin and Ethereum to US tech giant Apple and its massive presence and dominance over its industry.
“Per Metcalfe’s law, the bigger the network gets, the more exponentially the valuation of that network becomes. And I’ve used the example of Apple computer, where you can see, if you look at their annual revenues, the more iPhones and all that stuff that they sell, the valuation goes up exponentially to that until it gets to the point – and then, when it gets to the point where the network is so powerful that it has such a large moat around it that even if I invent a far better iPhone tomorrow, I’m never going to be able to penetrate that network, because it’s too powerful.”
The macro expert says that while other crypto projects will continue to exist and compete with the top two digital assets by market cap, Bitcoin and Ethereum have already established themselves as top dogs.
“And I think Ethereum and Bitcoin have reached those thresholds. That doesn’t mean there won’t be other coins and other networks out there. But I think they have satisfied the test to become big enough to be believed and taken seriously, right? A couple years ago, a lot of investors said, ‘Well, this can get regulated out of existence pretty quickly.’ That ship has sailed, I think.”
At time of writing, Bitcoin is trading at $23,749, while Ethereum is valued at $1,694.
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The post Fidelity Macro Expert Says Bitcoin (BTC) and Ethereum (ETH) Now ‘Impenetrable’ Markets – Here’s What It Means appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: Fidelity Macro Expert Says Bitcoin (BTC) and Ethereum (ETH) Now ‘Impenetrable’ Markets – Here’s What It Means
A look at the best practices and worst hiding places for what could be the most important and wealthy possession in a home: a seed phrase.
Source: Cointelegraph.com
Original Post: The worst places to keep your crypto wallet seed phrase
Her Majesty’s High Court of Justice in England has determined that the Venezuelan gold stored in the vaults of the Bank of England must be managed by officials of the Central bank of Venezuela designated by opposition leader Juan Guaido. The management of this gold stash, which is comprised of 31 tonnes of this precious metal, is in dispute since 2019 when Guaido asked the Bank of England to freeze these assets in order to avoid a possible sale.
The saga of the Venezuelan Gold stored in the vaults of the Bank of England seems to be nearing its end. The High Court of London has determined that the management of the 31 tonnes of gold corresponds to Juan Guaido, the opposition leader that proposed an alternate government in the country back in 2019.
According to the sentence, due to the recognition that the government of England has of Guaido as interim president of Venezuela, the rulings of the Supreme Tribunal of the country, which disregarded Guaido’s right on managing this gold, were ignored. The judge stated:
I have … concluded that the Guaido Board succeeds: that the Venezuelan supreme court judgements are not capable of being recognized.
Guaido’s team considered this a victory, and considered this decision a “step towards protecting Venezuela’s sovereign gold reserves for the benefit of the Venezuelan people.” However, the government of President Maduro prepared to appeal this decision, considering it an “unfortunate ruling.” Even with this decision, Guaido will not be able to move this gold until the matter is fully resolved.
The process involving the seizure of the gold due to Guaido’s petition and the whole judicial battle between the two parallel governments of the country has originated worries about the trust that third parties can have when possessing assets held in foreign countries. The final ruling will also determine how the British government might rule in similar cases involving government conflicts in the future.
The government of Maduro is seeking to repossess these assets since 2020 when the Central Bank of Venezuela wanted to sell these assets to aid the population to deal with the covid-19 pandemic, a request that was denied at the time. The institution stated:
The BCV remains concerned that the cumulative effect of the judgments of the English Court appears to accord a simple statement by the UK Government recognizing as a head of state a person with no effective control or power over any part of that state.
What do you think about the 31-tonne Venezuelan gold saga? Tell us in the comments section below.
Source: Bitcoin.com
Original Post: The Battle for the Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido
Morgan Creek Digital managing partner Mark Yusko is forecasting when he thinks Bitcoin (BTC) will revamp into a new bull market.
Speaking in an interview with Stansberry Research, Yusko says that Bitcoin’s recent market structure is indicative of a bottoming process, with BTC printing several higher lows and higher highs.
“I will argue, and I’ve been arguing this for about ten days or so, and I’m not ready to absolutely call the bottom, but if you go back about a week ago and you watch a podcast I did… I said ‘You know what look, we made three higher lows.’ It hit $17,500, then we went up and we fell to about $18,000-something, then we went up, and then we went down to $19,000, and then we went up, and then there was a number about $20,900, and I said if we break $20,900 we’ll have three higher lows [and] three higher highs. That’s a pretty good bull trend and maybe ‘spring’ will be here.”
The crypto hedge fund executive says he agrees with the traditional school of thought that Bitcoin goes through speculative cycles.
According to Yusko, Bitcoin is likely in the “spring” part of the cycle where winter has ended, and BTC forms a base for the next bull run in “summer,” which he predicts will happen slightly before the next halving in early to mid 2024.
“So I will argue that spring has sprung. If you look at the last two cycles, we are the same number of days into that cycle where spring began and winter ended. Spring could last months. We don’t have to have an immediate bull market. Then when we get to summer, that’s when we’ll get the next speculative move and my guess is that will come in anticipation of the next halving in 2024.”
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The post Crypto Hedge Fund Veteran Mark Yusko Predicts Bitcoin ‘Spring’ Kicks Off BTC Move – Here’s His Timeline appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: Crypto Hedge Fund Veteran Mark Yusko Predicts Bitcoin ‘Spring’ Kicks Off BTC Move – Here’s His Timeline
Ethereum’s Merge upgrade is expected to induce volatility in ETH price, but options traders can safely remain long by using this strategy.
Source: Cointelegraph.com
Original Post: Pro traders may use this ‘risk averse’ Ethereum options strategy to play the Merge
The memecoins Shiba Inu and Dogecoin are both looking to end the month in green, but SHIB’s gains have been significantly higher than DOGE’s so far.
Shiba Inu Looking To End July With 18% Profits While Dogecoin Observes 2% Uplift
After going through months of downtrend, holders of the two largest memecoins in the market may finally find relief as the cryptos are about to register gains for the month.
First, let’s look at DOGE’s data. Currently, the original memecoin’s price is floating around $0.0704, up 4% in the last seven days. The below chart shows the trend in the crypto’s value over the past month.
Looks like the price of the coin hasn't changed much during this period | Source: DOGEUSD on TradingViewAs you can see from the graph, while Dogecoin did observe some significant volatility during the month of July, it’s still ending the month being only 2% above the initial price.
When checking on a bigger scale, like the past three months, the cryptocurrency is found to be almost 50% into the red.
As for Shiba Inu, its price is about $0.00001208 at the time of writing. Weekly gains for the DOGE-cousin memecoin stand at 3% currently.
Now, here is a chart that shows the trend in the value of SHIB during the last month:
The value of the crypto seems to have enjoyed some growth in July | Source: SHIBUSD on TradingViewUnlike Dogecoin, Shiba Inu has made some significant recovery over the last month as the coin has accumulated 18% in gains during the period.
But when looking over the larger timespan of the last three months, SHIB is similarly in loss as its value is now over 45% less.
SHIB Vs DOGE In Terms Of Market Cap
As for the market caps of the two cryptos, Dogecoin still has its cousin handily beat in this department as the memecoin is currently sitting 10th on the entire crypto cap list.
Below is a table that shows how Shiba Inu compares against the original memecoin in market capitalization.
DOGE currently has a market cap of over $9 billion | Source: CoinMarketCapIt looks like SHIB’s market cap is the 16th largest in the overall crypto market at the moment, six spots behind DOGE’s.
Back in October of last year, Shiba Inu observed an unprecedented rally where the coin was up 1000% over the span of 30 days at one point. Then, the memecoin also found its way into the top ten list and constantly battled with Dogecoin for the 9th position.
However, since exiting the top ten places a while after that, the crypto hasn’t come near competing for a spot there yet. Another large rally will likely need to be seen before SHIB can challenge DOGE again.
Featured image from Quantitatives on Unsplash.com, charts from TradingView.com
Source: Bitcoinist.com
Original Post: Memecoin Battle: Shiba Inu’s Monthly Gains Stand at 18% While Dogecoin Sees Only 2% Profits
The much-anticipated Vasil hard fork for Cardano (ADA) has been delayed for several weeks as the smart contract platform sees green price action.
In a new video update released by Cardano developer Input Output Hong Kong (IOHK), the firm’s technical manager Kevin Hammond says that the upgrade has been pushed back to ensure a smooth transition.
“From where we are, there could be a few more weeks before we go to the actual Vasil hard fork… It’s incredibly important [that] all the users have to be ready to progress through the hard fork to make sure [it’s a] smooth process both for them, and more importantly, for the end users of the Cardano blockchain.”
The Vasil hard fork, which was originally slated to be released on June 29th, aims to improve the scalability of the Cardano blockchain.
Hammond says that IOHK is following its normal protocol when it comes to developing upgrades and that the company will stay in close communication with Cardano’s users in regards to Vasil.
“We’ll be communicating very closely with the stake pool operators and other users. If you’re in that group, pay attention to those announcements. I will give you strong advice and guidance for the upgrade path, both for the testnet and the mainnet.
We’re following the process that we’ve used before with rollouts. We’re engaging very heavily with exchange and DApp (decentralized application) partners. We are communicating very closely with the Cardano Foundation and other developer partners.”
Cardano is changing hands for $0.54 at time of writing, an 32% increase from its seven-day low of $0.41.
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The post Cardano’s Vasil Hard Fork Delayed for Several More Weeks As ADA Sees Green Week appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: Cardano’s Vasil Hard Fork Delayed for Several More Weeks As ADA Sees Green Week
Consolidation from BTC has opened the door for BNB, UNI, FIL and THETA to run higher.
Source: Cointelegraph.com
Original Post: Top 5 cryptocurrencies to watch this week: BTC, BNB, UNI, FIL, THETA
The chief executive of blockchain gaming platform Axie Infinity is debunking reports that he moved millions of dollars in AXS as the protocol’s sidechain was hacked to the tune of $600 million.
A recent report by Bloomberg details how a crypto wallet belonging to Axie Infinity CEO Trung Nguyen moved about $3 million worth of AXS to crypto exchange giant Binance hours before the announcement that the gaming protocol’s Ronin Bridge sidechain was hacked.
In March this year, bad actors exploited the Ronin Network, the Ethereum-linked sidechain specifically designed for AXS, and stole over $600 million worth of crypto assets.
However, Nguyen tells his 31,600 Twitter followers in a lengthy thread that the accusations of insider trading are “baseless and false,” and that he views the hack as a learning experience.
“When the founding team discovered the security breach, we were in close contact with Binance to discuss the closing of the bridge, and how to ensure user funds would be restored as soon as possible. This discussion included the fact that Sky Mavis would provide liquidity while we worked on a full backing of the bridge.
The founding team chose to transfer it from my wallet to ensure that short sellers, who track official Axie wallets, would not be able to front-run the news.
This story includes speculation of insider trading. These accusations are baseless and false. In fact, the founding team even deposited $7.5 million from a known Axie multi-sig wallet to Ronin Network prior to the bridge closing to avoid triggering any short-sellers watching.”
Nguyen goes on to remind everyone that all stolen user funds have been restored fully and that AXS will continue building.
“As you know, the Bridge has been re-opened with all player funds backed 1:1. Many in the media have conveniently ignored this, as it doesn’t fit their predetermined narratives.
Since the hack, we have been building relentlessly and will continue pushing forward with the best community in Web3.”
AXS is trading for $18.99 at time of writing, a 2.5% decrease on the day.
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The post Axie Infinity CEO Denies Rumors of Moving Millions of Dollars in AXS During Massive $600,000,000 Ronin Attack appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: Axie Infinity CEO Denies Rumors of Moving Millions of Dollars in AXS During Massive 0,000,000 Ronin Attack
When a main U.S. regulatory body defers to Crypto Twitter for leads on securities law violations, you know these categories are subjective.
Source: Coindesk
Original Post: Philosophically, It Doesn’t Matter Whether Cryptos Are Securities; Practically, It Does
The chief executive of leading crypto exchange Binance is explaining why the recent market crash bodes well for the long-term health of the digital asset markets.
In a new CNBC interview, Binance CEO Changpeng Zhao says that the crypto market crash was brought about by the abrupt influx of speculators in the space.
“I think a little bit of a reset is healthy to be very frank. Crypto attracted a number of non-believers into the space. They’re just speculators most likely, and that shouldn’t really happen on a large scale. When that happens on a large scale, that means the market is overheated and after a while, of course there will be a correction.
Usually, markets overswing on both ways. So, the crypto markets should only attract the believers, should only attract the people who are in it for the technology, who understand how to use it, etcetera.”
According to the Binance chief, the flushing of weak hands triggered by the Terra/LUNA collapse is advantageous for the long-term prospects of the industry as those who stayed are likely to contribute to the overall growth of the crypto ecosystem.
“I think corrections are actually healthy. But given the Terra/LUNA crash, it does hurt a lot of people but then you also weed out a lot of the weak players in the industry. I actually think now the industry is much healthier than it was six months [or] nine months ago when Bitcoin was [at] $68,000. Now, we see people who are building applications are staying in the industry. The investors in the industry now have a long-term view. I actually think the industry is much healthier now than when it was [trading] at all-time high.”
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The post Binance CEO Changpeng Zhao Highlights Need for Market Reset, Says Crypto Should Only Attract Believers appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: Binance CEO Changpeng Zhao Highlights Need for Market Reset, Says Crypto Should Only Attract Believers
Even though the concept of the Metaverse is still in its infancy, the creator of Ethereum thinks that tech giants – like Facebook – would have a hard time laying its groundwork.
Vitalik Buterin, Ethereum founder, expressed his opinion on Twitter Sunday, on the future of the nascent sector and his assessment that enterprises seeking to construct the Metaverse are unlikely to be successful.
“The ‘metaverse’ will occur, but I don’t believe any of the current corporate attempts to purposely construct the metaverse will succeed,” Buterin said.
Suggested Reading | Hong Kong University To Build World’s First Metaverse School
The 28-year-old Canadian programmer stated this in response to Dean Eigenmann’s assertion that “while the ideas on the metaverse concept make logic, he does not believe it will be realized through Venture Capital funding.”
Eigenmann continued, “I’d rather hang around in World of Warcraft than with the majority of this metaverse crap.”
The Metaverse Concept Remains Vague
The notion and development of Augmented and Virtual Reality technology on the blockchain has dominated the metaverse. However, the concept of metaverse remains ambiguous.
In common parlance, the metaverse is recognized as a network of 3-D virtual worlds where people may interact, do business, and create social ties using avatars, or virtual versions of themselves.
Meta, Facebook’s parent company, renamed in late 2021 as part of a transition to embrace the Metaverse, making it the most famous corporate participant to date to express interest in the Metaverse.
Meta CEO Mark Zuckerberg. Image: Business TodayThe Ethereum brains Buterin publicly named Meta in his critique of the corporates making a foray into the virtual space.
In response to a tweet, the Ethereum creator argued that Metaverse-focused enterprises would certainly fail because “it’s way too early to determine what people want.”
Suggested Reading | Axie Infinity CEO Denies Claims Of Insider Trading; Game Token’s Value Down To Zero
The Metaverse: $5 Trillion By 2030
According to new research by McKinsey & Co., the value of the Metaverse might reach $5 trillion by 2030. This demonstrates the predicted impact of the Metaverse on various industries and enterprises over time.
E-commerce is the main economic force creating the Metaverse, according to McKinsey’s preliminary prediction ($2.6 trillion), surpassing areas such as virtual learning ($270 billion), marketing ($206 billion), and gaming ($125 billion).
Mark Zuckerberg, the chief executive officer of Meta, described the Metaverse as a “huge opportunity” for a variety of reasons, claiming that developing platforms in the digital sphere will “unlock hundreds of billions, if not trillions of dollars over time.”
Huge Losses For Meta
On Thursday, the company announced that its Reality Labs segment, which focuses on the Metaverse, suffered quarterly losses of $2.81 billion. Consequently, the division’s year-to-date losses are a staggering $5.78 billion.
Perhaps, what Buterin is saying about Facebook’s attempt at creating a Metaverse – and “misfiring” – has a lot of weight in it.
ETH total market cap at $207.5 billion on the daily chart | Source: TradingView.comTrung Nguyen, co-founder and CEO of Axie Infinity, has refuted allegations that he engaged in insider trading just before the game’s parent company, Sky Mavis, disclosed a $600 million hack.
Between the March attack and the revelation, Bloomberg reports that a wallet linked to Nguyen transferred almost 50,000 AXS tokens, worth approximately $3 million, from the Ronin blockchain to Binance.
After Bloomberg shared its on-chain research with the Vietnam-based game maker Sky Mavis, a spokesman for the company, Kalie Moore, acknowledged that Nguyen was responsible for this transaction.
Axie Rep Spills The Beans
Moore said:
“At the time, we (Sky Mavis) realized that the more AXS we held on Binance, the better our position and options would be. This would allow us the freedom to pursue various loan/capital acquisition options.”
Although the transfer could be seen by anyone, there was no information in the wallet that might identify who was in charge of it. Sky Mavis, however, acknowledged Nguyen was in charge of the wallet after being shown an examination of publicly available information that appeared to link the wallet to him.
Suggested Reading | Hong Kong University To Build World’s First Metaverse School
Moore stated that Sky’s founding team chose to transfer it from this wallet “to prevent short-sellers, who track official Axie wallets, would not be able to front-run the news.”
Sky Mavis halted all platform transactions and locked all user assets after the trasfer. The article said that the proprietors of Axie Infinity wished to safeguard their tokens and sell them before securing the remaining assets.
Bloomberg published a thorough story citing Moore as a witness to the act. In a subsequent tweet, Nguyen dismissed the claim that he engaged in insider trading as “baseless and incorrect.”
Axie CEO Says It’s All Lies
This story includes speculation of insider trading. These accusations are baseless and false. In fact, the Founding Team even deposited $7.5M from a known Axie multi-sig wallet TO Ronin Network prior to the bridge closing to avoid triggering any short-sellers watching.
— Trung Nguyen (@trungfinity) July 28, 2022
Nguyen referred to Axie Infinity as his “life’s work” and stated that his team was “in close contact with Binance to discuss the shutdown of the bridge and how to ensure that user monies were refunded as quickly as feasible.”
Moore disclosed to Bloomberg that Nguyen made the transfer to assist the company’s finances during the crisis in a way that would not be visible to the broader crypto market and would be beneficial for Axie Infinity’s economy as a whole.
Axie Infinity SLP Token Now Worthless
With around $4 billion in NFT trade volume and millions of daily players at its peak in 2021, Axie Infinity is the most successful cryptocurrency game to date.
Unfortunately, the game’s play-to-earn economy began crumbling late last year prior to the March hack, prompting a number of modifications in an effort to breathe new life into the monster-battling game.
The game’s SLP prize token has lost 99 percent of its value, from its peak, to its current worth of $0.004.
Related Reading | Miami Boosts Crypto Image With Release Of 5,000 NFTs With Mastercard, Time And Salesforce
AXS total market cap at $1.5 billion on the daily chart | Source: TradingView.com
A closely tracked analyst is predicting a strong rally for leading smart contract platform Ethereum (ETH) and two additional altcoins as crypto markets bounce.
Pseudonymous analyst Altcoin Sherpa tells his 180,600 Twitter followers that he believes Ethereum has more gas left in its tank despite nearly doubling its value in less than two months.
“ETH: I expect Ethereum to make its way up to $2,200 eventually in the midterm, but we’ll see if it can break past this current support/resistance level ($1,720). The longer this grinds around here, the more bullish I am in the short/midterm. Still dont think this is ‘the bottom’ though.”
At time of writing, Ethereum is changing hands for $1,702.
Next up is popular blockchain-based game Axie Infinity (AXS). Altcoin Sherpa thinks Axie Infinity has room to ignite a relief rally, but he’s still remaining cautious on whether AXS can actually hit his massive target.
“What do we think about this type of idea? I dont know if it has the juice to get up to the $40s, but could certainly see some sort of bear market rally if BTC is ok.”
At time of writing, AXS is swapping hands for $18.78, nearly 135% below Altcoin Sherpa’s target of $44.
The last altcoin on the trader’s radar is LOOKS, the native asset of non-fungible token marketplace LooksRare. Altcoin Sherpa predicts a 50% rally for LOOKS as long as Bitcoin (BTC) stays relatively stable.
“LOOKS: some interesting price action; the exponential moving averages on the four-hour are all clumping together and price is flipping back and forth. I think this actually looks ok still. [It] wouldn’t surprise me to see 50%+ if BTC plays nice.”
At time of writing, LOOKS is trading at $0.40.
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The post Crypto Analyst Predicts Strong Surge for Ethereum, Axie Infinity and One More Low-Cap Altcoin appeared first on The Daily Hodl.
Source: Daily HODL
Original Post: Crypto Analyst Predicts Strong Surge for Ethereum, Axie Infinity and One More Low-Cap Altcoin
The future for Bitcoin price action may be much more bullish than the short-term charts, says Bloomberg Intelligence’s Mike McGlone.
Source: Cointelegraph.com
Original Post: Bitcoin due ‘one of greatest bull markets’ as July gains circle 20%
