Monat: Februar 2022

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Internet Computer (ICP) medium-term outlook – is $100 by 2025 even possible?

The general mood in the crypto market had started to change at the start of February. But increased geopolitical factors appear to be weighing down on sentiment right now. Despite this, the medium-term outlook for Internet Computer (ICP) is still bullish, and you will see why below. First, some highlights.

  • ICP is currently trading at around $18, up less than %1 in 24 hours.

  • Medium-term estimates suggest that the coin could hit $100.

  • However, there is a lot of systemic risks in the market right now.

Data Source: Tradingview

Internet Computer (ICP)

It is worth noting that Internet Computer (ICP) is a fairly new project, having launched in May 2021. But there was actually a lot of hype around it. In fact, ICP got immediate Coinbase and Binance listings. At one point during that craze, it traded for nearly $400.

But of course, hype eventually dies out, and as you would expect, ICP has crashed massively. It was trading at around $18.90 at press time. So, where does ICP actually go from here? 

Well, the $100 mark is not as far-fetched as it sounds. After all, it was not long ago that ICP hit highs of $87 in 2021. Also, the $18 mark appears to be the lowest we have seen with ICP. There is a chance that once sentiment in the market improves, we will see a surge in the price action.

Who should buy Internet Computer (ICP)?

Internet Computer is a highly scalable general-purpose blockchain that hopes to be the go-to ecosystem for Web3 apps. It’s not even a year old and has the potential of blowing into another Ethereum. 

So, if you are keen on buying smart contract alternatives to ETH, then you will find ICP quite decent. Besides, the fundamentals and the long-term outlook of this project are just incredible.

The post Internet Computer (ICP) medium-term outlook – is $100 by 2025 even possible? appeared first on Coin Journal.

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Vitalik Buterin: Crypto would “welcome” another winter

  • Vitalik Buterin says crypto winters help developers focus on projects and not the speculation that dominates during bull markets’
  • Weak projects fade away in bear markets, he added.
  • Bitcoin and Ethereum have seen major losses since touching their all-time highs in 2021.

Ethereum co-founder Vitalik Buterin has commented on the current crypto market outlook, noting in an interview with Bloomberg that a crypto winter would likely be “welcome” in the digital asset space.

“The people who are deep into crypto, and especially building things, a lot of them welcome a bear market,” he said.

According to him, many of these developers ‘welcome’ a crypto winter- a period where the markets experience a prolonged bearish run with crypto assets trading lower or sideways.

Bear markets are when weak projects fade away

In a bull market, many people get excited by the “long periods of prices moving up by huge amounts,” he noted. However, even as many people enjoy the soaring markets, it tends “to invite a lot of very short-term speculative attention.”

Commenting on why an extended bear market could be of benefit to the digital space, Buterin told Bloomberg:

“The winters are the time when a lot of those applications fall away and you can see which projects are actually long-term sustainable, like both in their models and in their teams and their people.”

The Ethereum co-founder’s comments on projects fading away mirror similar observations across the crypto industry. After the 2017 bull market and initial coin offering (ICO) boom, a bear market followed over 2018, with assets choppy till a new bull market set in 2020.

Of the hundreds of projects to launch and benefit from the hype that sent prices skyrocketing, the majority have since faded.

Buterin wasn’t categorical if the crypto market is indeed in a crypto winter already. However, his observations come as Bitcoin (BTC) and Ethereum (ETH) have led the broader crypto market in battling a brutal drawdown since late last year.

The crypto guru made the comments during the annual ETHDenver conference.

The post Vitalik Buterin: Crypto would “welcome” another winter appeared first on Coin Journal.

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Ex-Bored Ape Yacht Club Artist announces the second Sneaky Vampire NFT Collection

Mig, the Ex-Bored Ape Yacht Club artist, has unveiled the second NFT collection of his other NFT project, Sneaky Vampire Syndicate (SVS).

The Sneaky Vampire Syndicate (SVS) became a wildly successful NFT project after its first NFT collection.

The second NFT collection that was released today, February 21, 2022, consists of 12,345 female vampires that will join the 8,888 male vampire NFTs dropped in the first NFT collection.

The NFT vampires are stored in ‘The Lair,’ which acts as their home. The Lair exists in the metaverse away from pesky Vampire Hunters and sunlight according to the notion that vampires don’t like sunlight.

First Sneaky Vampire NFT Collection

The first Sneaky Vampire NFT Collection consisted of 8,888 male vampires and it was released in September 2021. The NFTs were developed by Mig in collaboration with a team of other experienced crypto leaders and developers.

The first collection has already generated over 21K ETH in trading volume on OpenSea and after the successful sell-off of the first collection, the team is now bringing together female counterparts (Sneaky Vampiresses) to the male vampires.

The second Sneaky Vampiresses

The second NFT collection that was released today consisting of female vampiresses aims at promoting female inclusion and representation within the NFT space.

The SVS has stood out as an easy-to-understand NFT project for most of the seasoned NFT collectors and the new “Vampiress Syndicate” collection should impress the majority of females looking to venture into the NFT world.

SVS collaborating with eight female artists in creating eight unique Sneaky Vampiress NFTs that shall be featured in the second collection. This shall allow the under-recognized female players within the NFT space a chance to get recognition.

After the release of the second NFT collection, the SVS project lead Thomas Kekker said:

“The Genesis SVS NFTs were a huge success, and we’ve not let our foot off the gas. From the very beginning, we built this around nurturing our community and creating the best possible environment. We believe the release of the Vampiresses will continue the growth of our ecosystem in the right direction.”

The Sneaky Vampiress whitelist pre-sale is expected to take place between today February 21st at 3 PM to tomorrow, February 22 at 3 PM ET.

People with the first male Sneaky Vampire NFTs are allowed to purchase one female Vampiress before the pre-sale at a discount. The Vampiress that shall be minted by the male vampires shall be its “Perfect Pair.”

Therefore, 8,888 of the Sneaky Vampiress have already be allocated for the holders of the first collection of the Sneaky Vampire NFTs. The remaining shall be available for the general public both male and female participants.

After the Pre-sale period expires, the NFTs shall be available for public minting between February 22 at 4 PM and February 28. Interestingly, buyers will only be able to see which female vampire they minted after February 28.

Upcoming “Blood Pact” breeding mechanism

The addition of the female Sneaky Vampiress NFTs is also seen to lay the groundwork for the upcoming breading mechanism called “Blood Pact” within the SVS project.

Therefore, holders of both the Vampire and Vampiress NFTs can expect to use them to bread in the near future, where the $BLOOD token shall be at the center of the breading process.

Currently, SVS NFTs holders can earn three $BLOOD tokens daily by staking their NFTs.

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