Crypto News Archive - Seite 1510 von 1896 - Finanzmittel Info + Krypto + Geld + Gold

4. August 2022

I will take Bitcoin at $35k by the end of the year, says Sam Bankman-Fried

Bitcoin has been trading above the $20k level in recent weeks, and Sam Bankman-Fried says he will accept the leading cryptocurrency trading around $35k by the end of the year.

Sam Bankman-Fried, the CEO of FTX, revealed in a recent interview with Fortune Magazine that he would accept Bitcoin trading around the $35k region by the end of the year.

Bitcoin reached an all-time high of $69k in November 2021 but has lost more than 60% of its value since then. At press time, Bitcoin is trading close to the $23k level after recovering from its recent losses.

When asked about his predictions for Bitcoin and Ether and whether BTC would reach $100k soon, Bankman-Fried said;

“Boy, Ethereum is interesting. Obviously, with the upcoming merge⁹, there’s huge volatility, right? I think it could get way better or way worse—I just don’t know the answer.

I think Bitcoin’s a little bit easier to predict. If there’s more pain and more liquidations, that changes things. But a bit more recovery from the carnage, and regulatory clarity—that could be a big exogenous shock, a positive shock that could come over the next year. We’d be lucky to hit $100K, but I wouldn’t rule it out. But, you know, if you told me at the end of the year, Bitcoin is gonna be at $35K, I’d fucking take that.”

SBF added that he believes the ultimate strength of the cryptocurrency industry comes from blockchain technology being able to assert itself as a positive influence on the global economy. He said;

“There’s been skepticism of me from people who, correctly, view me as coming at it from a pragmatic rather than ideological perspective. I believe in blockchain because I think it’s useful and can make the world better in very specific practical ways.

My belief is that the industry is contingent on blockchains, ultimately being able to have a real positive impact on the world. I’d like to think I do a good job of representing other people who believe in the industry even if they came at it from a different angle originally, but there is always a little bit of unease there.”

Bankman-Fried’s FTX has become one of the leading crypto exchanges in the world, only behind the likes of Binance.

The post I will take Bitcoin at $35k by the end of the year, says Sam Bankman-Fried appeared first on CoinJournal.

3. August 2022

MyEtherWallet launches cross-chain Web Extension for Polkadot

MEW is the leading wallet platform for digital assets on Ethereum, and Enkrypt brings its functionality to the Polkadot ecosystem.

MyEtherWallet (MEW), a leading platform in the crypto sector for the access to the Ethereum (ETH) ecosystem, has launched Enkrypt, a user-friendly cross-chain browser extension for Ethereum and Polkadot (DOT).

The web extension, which will support seamless multi-chain transactions for users on Ethereum and for the first time Polkadot, was developed in conjunction with Swiss platform Web3 Foundation, the MEW team said in a press release.

Enkrypt targets Web3 growth

Ethereum’s impending transition to Proof-of-Stake consensus with the Beacon Chain merge and the potential explosion of Web 3 technologies aided the developers’ efforts to create the browser extension.

It is hoped the feature will enable further adoption across the Ethereum ecosystem and tap into the interoperability capabilities possible with the Polkadot protocol. Cross-chain access will also be available through parachain integrations, including with top platforms Acala and Moonbeam. The feature will also extend to all the canary networks across the various protocols.

“Interoperability between blockchains has been top-of-mind for MEW users and is a pivotal step towards broader crypto adoption,” Kosala Hemachandra, founder and CEO of MyEtherWallet said in the press release.

The Enkrypt extension, Hemachandra added, is designed to enhance user experience as they interact across the multi-chain ecosystem.

Users can access the extension on the major browser platforms – Google Chrome, Firefox and Safari – and will benefit from being able to natively integrate with their MEW wallets on browsers and on mobile.

The post MyEtherWallet launches cross-chain Web Extension for Polkadot appeared first on CoinJournal.

3. August 2022

Two old-school cryptocurrencies that could surprise investors in 2022

The cryptocurrency market is never short of surprises. In 2021, Shiba Inu came out of nowhere and became one of the best-performing cryptocurrencies. Its 48,000,000% rally created lots of millionaires out of small investors. At the moment, the cryptocurrency is seemingly at the end of a multi-month bear market. As such, it can be an excellent time to start scouting for cryptocurrencies that have the potential to rally unexpectedly and give investors a high ROI. From our analysis, here are three cryptocurrencies that could rally unexpectedly in the next cryptocurrency bull run.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been around for a while now. However, Ethereum Classic has underperformed Ethereum for years. That’s because, after the 2016 fork, the momentum shifted towards Ethereum, relegating ETC to an outlier chain.

However, changes in the Ethereum blockchain have created the perfect conditions that could give a new lease of life to Ethereum Classic. One of these conditions is the upcoming Ethereum merge.

After the merge, the Ethereum blockchain will run purely as a Proof-of-Stake network. Miners who own Ethereum ASIC miners are likely to turn to Ethereum Classic. That’s because it is the only other cryptocurrency with which Ethereum mining equipment is compatible.

Ethereum Classic is one of the best performing cryptocurrencies in July, as Ethereum miners turn to it. As more miners turn to support ETC, the network will become more secure, which could also drive adoption. This factor could make ETC one of the top cryptos with good odds of outperforming the market in the next bull run.

NEO (NEO)

Neo (NEO) is another old-school cryptocurrency that underperformed in the last cryptocurrency bull run. This is because it has been overtaken by newer cryptocurrencies that investors believe have better prospects. However, there is a good chance that NEO could do well in the future. That’s because the NEO team has reimagined NEO, making it attractive for Web 3.0 projects. Given that Web 3.0 is expected to be the next big thing in the evolution of blockchain technology, NEO could give investors a surprise going into the best.

Besides this, NEO is one of the easiest blockchains for anyone looking to create a smart contract. This factor could draw in many businesses looking to make smart contracts without investing much in coding experts. It is one of the factors that could see NEO pull a surprise, especially now that it is starting to attract attention again.

The post Two old-school cryptocurrencies that could surprise investors in 2022 appeared first on CoinJournal.

3. August 2022

VeChain price prediction as bullish momentum remains on course

VeChain blockchain endears to solve complex supply chain problems
VeChain token is recovering alongside other cryptocurrencies
The token has more upside potential but could face resistance

A snapshot of the crypto market shows that most cryptocurrencies are gaining again. Bitcoin is up by 2.08%, while Ethereum has gained by 5.05% in the last 24 hours. As expected, most altcoins surge whenever the top cryptocurrencies post gains. VeChain VET/USD is one of the cryptos going higher.

VeChain is a blockchain that aims to tackle complex supply chain issues via distributed ledger technology. While the technology remains at an infant stage, the VeChain token saw a lot of interest last year. That pushed the token to a high of $0.28 in April 2021. Since then, the token has lost its mojo and trades at merely $0.029, 10 times less. Investor interest could grow at such attractive valuations, but where are the buyers?

VET has witnessed buyer interest in the past week. With gains of 27%, the token rivals some few cryptocurrencies with similar double-digit gains. That happened after the cryptocurrency remained stable since mid-June. Technical indicators suggest more upside, although long-term recovery will take time.

VeChain token gains as bullish momentum accelerate

Source – TradingView

On the technical outlook, VeChain is bullish but trades below key resistance at $0.033. That represents an upside potential of around 14%. However, VeChain is already overbought, with the RSI reading pointing to 70. That means we might see short-term retracements before the token hits $0.033. We recommend buying in the short term on a potential retracement at the current level.

While long-term gains are possible, buyers should be aware of the key resistance. A breakout of the level would usher in a more lasting bullish momentum.

Summary

VeChain is likely to maintain the current momentum. Some short retracements are possible, although the token’s resistance is at $0.033. Investors should consider buying on short dips and ride the trend to the resistance level.

The post VeChain price prediction as bullish momentum remains on course appeared first on CoinJournal.

3. August 2022

Optimism adds 98% in a week – Is the rally driven by fundamentals?

Optimism token has surged by almost 100% in one week
Positive developments in July have been boosting the token
Investors should buy on a retracement

Investor interest is back on Ethereum Layer-2 scaling solution Optimism. Over the past one week, the token has gained more than 98%. That, of course, underlines the gains other Ethereum-based tokens have been experiencing. Cryptocurrencies such as Ethereum Classic have also been top gainers. Nonetheless, a further scrutiny of Optimism reveals underlying fundamentals driving the surge.

On July 26, Optimism announced the launch of Drippie. Drippie is a trust-minimized conditional transaction system of Ethereum. It will let users conduct transactions following set conditions. Optimism expects the system to solve automation issues that will increase the performance of the blockchain.

The integration follows another positive development on July 24. Curve Finance had announced a grant proposal that would raise liquidity on Optimism. The move is expected to allow one million Optimism tokens to be distributed on the Curve pool. Liquidity providers will be incentivized with the OP tokens.

OP token has been getting boosts from the July developments. But to an investor, is the token now attractive or a bubble burst is about to happen?

Optimism trades at a high level but faces immediate resistance

Source – TradingView

While the recent developments are positive for OP, the current price could be unsustainable. The RSI points to overbought conditions, and a correction is more probable. We recommend investors buy on a retracement. The token could potentially slide to $1.45 as it already faces resistance at $1.88.

Concluding thoughts

The latest developments increase the utility of the Optimism token. At the current valuation, investors should consider buying lower as corrections are more imminent. The potential support zone is at $1.45.

The post Optimism adds 98% in a week – Is the rally driven by fundamentals? appeared first on CoinJournal.