dot-traders, Autor bei Finanzmittel Info + Krypto + Geld + Gold

21. Dezember 2022

Bitcoin-Kurs festigt sich bei 17.000 US-Dollar, Unsicherheit überwiegt

Während einige Experten weiterhin vor einem Crash warnen, hoffen andere auf die Fortsetzung der jüngsten Kletterpartie.

21. Dezember 2022

Bitcoin-linked cryptocurrencies that have a chance of becoming very bullish in 2023

Litecoin, Bitcoin Cash, and Wrapped Bitcoin are associated with Bitcoin
The cryptocurrencies move alongside Bitcoin
LTC, BCH, and WBTC can become bullish in 2023 or when the bull market returns

Bitcoin (BTC/USD) is the largest cryptocurrency and the most popular. As a result, any cryptocurrency associated with this network is likely to gain attraction. But do you know which cryptocurrencies will likely become very bullish next year or when the bull market returns? Below are our top picks:

Litecoin (LTC)

Yes, Litecoin is tied to Bitcoin. It was created from the original Bitcoin code. That is different from other coins forked from the Bitcoin chain. Launched in 2011, Litecoin retains the Proof of Work consensus mechanism as the Bitcoin blockchain. However, the blockchain uses the Scrypt hashing algorithm, unlike the SHA-256 hashing function for Bitcoin. Litecoin is also a faster blockchain than Bitcoin.

Litecoin token (LTC) is a potential bull candidate in 2023 owing to its upcoming halving event. The event will happen around July 2023 and has already been linked to the recent surges in the price of LTC. LTC will have a double chance to surge high and return big if the market sentiment improves.

Where to buy LTC

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy LTC with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy LTC with OKX today

Bitcoin Cash (BCH)

If you are looking for a cryptocurrency that trades similarly to Bitcoin but is relatively cheaper, Bitcoin Cash (BCH/USD) is the perfect option. The blockchain was forked from Bitcoin in 2017. The fork happened after developers failed to agree on the route to address emerging issues on Bitcoin. The goal of creating Bitcoin Cash was to increase the number of transactions per block and reduce fees, an objective that was achieved.

A return to the bull market will surely be underscored by the price movement of Bitcoin. Since BCH trades in a similar manner, you could want a piece of the cryptocurrency, which currently continues to defend the $100-$110 level.

Where to buy BCH

eToro

Buy BCH with eToro today

OKX

Buy BCH with OKX today

Wrapped Bitcoin (WBTC)

WBTC is an ERC20 token – these represent tokens that reside on Ethereum. If you are wondering why it’s called Wrapped Bitcoin, it’s because it is associated with the Bitcoin blockchain.

Wrapped Bitcoin was created to allow Bitcoin holders to participate in the Ethereum blockchain. The cryptocurrency can be swapped on a ratio of 1:1 with BTC. It means for each WBTC, you get one BTC. Besides being integrated with Ethereum’s smart contracts, WBTC can also be transferred faster than Bitcoin itself.

Where to buy WBTC

OKX

Buy WBTC with OKX today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy WBTC with Binance today

The post Bitcoin-linked cryptocurrencies that have a chance of becoming very bullish in 2023 appeared first on CoinJournal.

21. Dezember 2022

Paxful removes Ethereum (ETH) from its platform

Paxful CEO has called Ether a form of fiat.
He also cited the Ethereum network’s switch to proof-of-stake validation from proof-of-work.
As a result, the CEO has slammed the use of ETH on the platform.

In a surprising twist, peer-to-peer crypto marketplace Paxful founder and CEO, Ray Youssef, has removed Ethereum (ETH) from the platform. While announcing the removal via Twitter, Youssef said:

“Integrity over revenue.”

Youssef said that ETH has become a fiat after the Merge upgrade. He said:

“Proof-of-work is the innovation that makes bitcoin (BTC) the only honest money there is, whereas proof-of-stake has rendered ETH essentially a digital form of fiat. ETH is controlled by a small number of people and one day you will need permission to use it.”

After being warned that “Being a maxi of anything isn’t right,” Youssef said:

“No. We need maximum momentum behind one clearing layer to win and bitcoin is the only game in town. This isn’t an investment strategy, this is humanity rising up to liberate itself. ALL IN!”

Youssef has been routing for Bitcoin and when asked if Paxful can add Litecoin since people in Madagascar, Somalia, Nigeria, and Ethiopia are looking for the coin, he said:

“No, we must guide them to bitcoin. This is the way.”

Prevalence of scams among Ethereum-based tokens

The Paxful CEO also cited the prevalence of scams among tokens that operate on the Ethereum blockchain.

Nevertheless, Paxful confirmed via Twitter that it will continue offering stablecoins USD Coin (USDC) and Tether (USDT) although it is not too optimistic about them.

The post Paxful removes Ethereum (ETH) from its platform appeared first on CoinJournal.

21. Dezember 2022

The Sandbox falls further, but you would want to buy based on this Santiment data

The Sandbox token trades at the lowest level in the year
Santiment data indicates SAND is at “opportunity zones”
We expect the Sandbox token price to sink further until the bear market subsides

It continues to be lonely in the metaverse. With few fundamentals and developments coming up, investors are still dumping the metaverse-related tokens. In the past week, the token of the popular metaverse platform, The Sandbox (SAND/USD), has lost almost a quarter of its value. Take into account that this cryptocurrency was already trading at exceedingly depressed levels. SAND now trades at $0.44, although Santiment data gave an “opportunity” signal. Would you take it?

Santiment is a crypto analytics firm known for data feeds and updates. According to the firm, tokens of metaverse platforms, including SAND, are trading at “opportunity zones.” The analytics firm uses the market-value-to-realised value or MVRV to make the judgement. MVRV relates an asset market cap and compares it with the realised capitalization. The resulting ratio is used to identify overbought and oversold conditions.

Using MVRV, Santiment says the Sandbox token, in addition to Decentraland’s MANA, is at historical pain points. These are underbought and semi-underbought zones where big bounces occur. A technical outlook shows RSI flushing overbought conditions on a clear downtrend.

SAND on a downtrend as it touches a new low in the year

SAND/USD Chart by TradingView

From the technical outlook, SAND trades at the lowest level in the year. The bottom price was last reached in July 2021. The cryptocurrency is currently oversold, with the RSI reading now at 30. SAND maintains a clear downtrend.

Is a rebound likely for SAND?

It could be too soon to think of buying SAND. Despite the Santiment data and RSI pointing to underbought and oversold conditions, respectively, the price is bearish.

Again, the market sentiment remains bearish. Since SAND trades alongside the broader market, it could be too early to make a bull call. SAND could find support next at $0.36.