ETC Group will mit einem neuen Ethereum-ETP auch denjenigen ein Produkt bieten, die gegen den Übergang auf den PoS und den Merge sind.
Bitcoin’s next bull market is on its way, says Pantera Capital’s CEO
The cryptocurrency market is experiencing a bear cycle at the moment, but Pantera Capital’s CEO is confident that the next bull market is on its way.
Dan Morehead, Chief Executive Officer of Pantera Capital, believes that the bear market is coming to an end. He made this known during an interview with Bloomberg earlier this week.
According to Morehead, the next Bitcoin bull market is on its way. He told Bloomberg that;
“We’ve been through three big bear market cycles. I actually think we hit the lows in June, and we are on to the next bull market. It might be rocky and might take a while, but I think we are on to the next leg of a rally.”
He pointed out that the ups and downs in the cryptocurrency space are normal and have happened multiple times over the last decade, including the decline in 2018 and the consecutive market boom in the next few years.
Discussing Bitcoin’s future price, the Pantera Capital boss predicted that the leading cryptocurrency would continue rising by approximately 2.5x per year.
However, Morehead believes that the cryptocurrency market has changed in recent times and doesn’t revolve around Bitcoin and Ether anymore.
He pointed out that numerous other meaningful projects could develop in much faster temps that Bitcoin over the coming years. He said;
“Bitcoin is no longer everything. There was a time bitcoin was 100% of the market, and for a while, Bitcoin and Ethereum were essentially everything. Now there are many, many really important projects, and you’ve seen bitcoin rally a bit, but the real story is projects other than Bitcoin and Ethereum that rally more.”
While Morehead believes that the bull market is near, Coinbase CEO Brian Armstrong believes that the bear market will be around for another year or so. He said;
“We all hope it’ll be, you know, 12 to 18 months and a nice recovery, but you obviously have to plan for it being longer than that. And so that’s how we think about it. And we don’t try to get too cute about predicting the future.”
Prices of most cryptocurrencies are down by more than 65% from their all-time highs, with the total market cap now below $1 trillion.
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SEBA Bank bietet Ethereum-Staking für institutionelle Anleger an
Der SEBA Bank-Manager Mathias Schütz glaubt, dass Institutionen ebenfalls eine Rolle bei der Sicherung des Ethereum-Netzwerks spielen können, indem sie Ether staken.
Bitcoin-Befürworter Samson Mow spricht über Zentralisierung beim Merge
Mow behauptet, dass einige wenige Node-Betreiber die Macht hätten, den Ethereum Merge zu ändern, zu verschieben oder abzubrechen.
Terra Classic’s LUNC is up by 50% on Thursday: Here is why
LUNC, the native coin of the Terra Classic ecosystem, is up by 50% in the last 24 hours, outperforming the other major cryptocurrencies.
LUNC is the best performer amongst the top 100 cryptocurrencies by market cap today. The native token of the Terra Classic ecosystem is up by more than 50% in the last 24 hours, outperforming the broader crypto market.
The cryptocurrency market is recovering from the slump suffered on Wednesday. The total market cap is now up by more than 4% in the last 24 hours and currently trades above $975 billion.
Bitcoin is eyeing the $20k resistance point once again after adding nearly 3% to its value today. Ether is up by more than 7% in the last 24 hours and is trading above $1,600 ahead of the Merge.
LUNC’s rally comes as the Terra Classic ecosystem prepares for its 1.2% tax burn. Several exchanges, including KuCoin, have announced support for Terra Classic’s 1.2% tax burn when the proposal is officially approved and implemented on Terra Classic (LUNC) mainnet.
Key levels to watch
The LUNC/USDT 4-hour chart is extremely bullish as the cryptocurrency is up by more than 130% in the last seven days. The technical indicators show that it is one of the best performers in the market.
The MACD line is within the positive territory, indicating bullish momentum for LUNC. The 14-day relative strength index of 78 shows that LUNC could enter the overbought region if the rally is sustained.
At press time, LUNC is trading at $0.0005318 per coin. If the positive momentum is maintained, LUNC could surge past the $0.000751 resistance level. In the event of an extended bullish run, LUNC could set a new all-time high around $0.001 level.
The bears are still lurking and could drag LUNC lower after the tax burn event. If that happens, LUNC could decline below the $0.00040495 support level.
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