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2crazy to Launch Its IDO on Ignition

2Crazy made the most exciting announcement of launching the much-awaited IDO project on Ignition. Known to be the foremost online platform for gaming globally, 2Crazy is integrated with the Smart Chain of Binance to meet the soaring demands of trust, performance, and compliance with standards of the industry of online gaming. The platform of 2Crazy …

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2Crazy made the most exciting announcement of launching the much-awaited IDO project on Ignition. Known to be the foremost online platform for gaming globally, 2Crazy is integrated with the Smart Chain of Binance to meet the soaring demands of trust, performance, and compliance with standards of the industry of online gaming.

The platform of 2Crazy harnesses the power of Blockchain Technology for disrupting and improving the standards of the online gaming industry. It provides every user with an innovatively designed platform equipped with exclusive mechanisms for NFT-based reward distribution. So far, 2Crazy has succeeded in winning the support of tech giants of the international Blockchain and Technology industries, including Twin Apex Capital, AU21, Exnetwork Capital, Orion Protocol, Skynet, Clouds Capital, Blocksync, Megala Ventures, X21, Stakely, Magnus Capital, MXC, MDA Capital, Dark pool, Exchange.bitcoin.com, ICO Pantera, Master Ventures, and Twin Apex Capital.

2crazy to Launch Its IDO on Ignition

NFT is the future of the international cryptocurrency space. 2Crazy is channeling the technology of NFTs for revolutionizing how users engage with platforms of online gaming by participating in NFT lotteries, NFT-based games, and premium NFT airdrops available exclusively at 2Crazy. At 2Crazy, the player always plays the central role while the platform strives to balance the needs of every participant. These days, a significant issue with online gaming is that communities and players do not regard the gaming providers with trust. Significant global demographics like the millennials hold online gaming with suspicion. Moreover, gaming providers fail to deliver customer-centric solutions and end up with fines and penalties like confiscation of license.

2Crazy does away with the challenges of the online gaming industry by offering transparent, immediate, and precise payment and support to the players. At 2Crazy, the players can also take advantage of the tokenized investment opportunities, favorable betting conditions, and top-notch regulatory standards. The platform is striving to induce the mass adoption of NFTs by the public of the online gaming industry.

2crazy to Launch Its IDO on Ignition

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptonewsz.com/2crazy-to-launch-its-ido-on-ignition/

Blockchain

Bitcoin Volatility in July? 16K BTC Unlocking on Grayscale Coming Up

The impending unlocking of over 16,000 bitcoins through Grayscale’s trust in mid-July could bring enhanced volatility in the crypto markets.

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With the second quarter of 2021 almost done and July just around the corner, bitcoin might be headed towards a highly volatile month, and Grayscale could receive the blame. This is because one of the largest unlockings from GBTC will take place in the middle of the month as accredited investors will receive access to over $600 million worth of BTC.

Volatility in July Because of GBTC Unlocking?

Founded in 2013, Grayscale is the leading digital asset manager enabling institutional investors to receive exposure to BTC, and other cryptocurrencies, through its funds without having to worry about storing and managing their holdings.

In return, they agree to pay a specific commission and to follow precise rules. One of which dictates that their Bitcoin holdings will be locked for six months. Meaning, once they purchase GBTC shares, they would have to wait half a year before receiving the chance to realize gains.

With Grayscale’s popularity blossoming in late 2020 and early 2021, numerous accredited investors used the company’s products to purchase shares, tracking the performance of the primary cryptocurrency.

Consequently, some of them had their assets unlocked just recently, but the most substantial quantity will come on July 18th.


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As Bybt’s graph demonstrates, Grayscale customers will receive the equivalent of over 16,000 bitcoins on that date. With today’s USD prices, this sizeable amount represents nearly $650 million.

Grayscale GBTC Unlocking. Source: Bybt
Grayscale GBTC Unlocking. Source: Bybt

Although it’s debatable if all investors would decide to dispose of their assets immediately, such a considerable portion of BTC’s liquid supply could most certainly lead to enhance volatility once it’s unlocked.

Bitcoin in July

Historically, July is actually among the most bullish months for bitcoin, especially in the past few years. Apart from the year-long bear market in 2019 when BTC dipped by 6.6% in July, the cryptocurrency has spiked by double-digits in 2017, 2018, and 2020.

In fact, last year was the best-performing July since Bybt keeps data (meaning – 2013). Some experts have even argued that July 2020 was the actual start of the bull market because it was the first month deep in green after the halving.

Keeping in mind the aforementioned unlocking, this year’s July would be intriguing to follow.

Bitcoin Monthly Performance against USD. Source: Bybt
Bitcoin Monthly Performance against USD. Source: Bybt
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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-volatility-in-july-16k-btc-unlocking-on-grayscale-coming-up/

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Blockchain

Bitcoin Volatility in July? 16K BTC Unlocking on Grayscale Coming Up

The impending unlocking of over 16,000 bitcoins through Grayscale’s trust in mid-July could bring enhanced volatility in the crypto markets.

Published

on

With the second quarter of 2021 almost done and July just around the corner, bitcoin might be headed towards a highly volatile month, and Grayscale could receive the blame. This is because one of the largest unlockings from GBTC will take place in the middle of the month as accredited investors will receive access to over $600 million worth of BTC.

Volatility in July Because of GBTC Unlocking?

Founded in 2013, Grayscale is the leading digital asset manager enabling institutional investors to receive exposure to BTC, and other cryptocurrencies, through its funds without having to worry about storing and managing their holdings.

In return, they agree to pay a specific commission and to follow precise rules. One of which dictates that their Bitcoin holdings will be locked for six months. Meaning, once they purchase GBTC shares, they would have to wait half a year before receiving the chance to realize gains.

With Grayscale’s popularity blossoming in late 2020 and early 2021, numerous accredited investors used the company’s products to purchase shares, tracking the performance of the primary cryptocurrency.

Consequently, some of them had their assets unlocked just recently, but the most substantial quantity will come on July 18th.


ADVERTISEMENT

As Bybt’s graph demonstrates, Grayscale customers will receive the equivalent of over 16,000 bitcoins on that date. With today’s USD prices, this sizeable amount represents nearly $650 million.

Grayscale GBTC Unlocking. Source: Bybt
Grayscale GBTC Unlocking. Source: Bybt

Although it’s debatable if all investors would decide to dispose of their assets immediately, such a considerable portion of BTC’s liquid supply could most certainly lead to enhance volatility once it’s unlocked.

Bitcoin in July

Historically, July is actually among the most bullish months for bitcoin, especially in the past few years. Apart from the year-long bear market in 2019 when BTC dipped by 6.6% in July, the cryptocurrency has spiked by double-digits in 2017, 2018, and 2020.

In fact, last year was the best-performing July since Bybt keeps data (meaning – 2013). Some experts have even argued that July 2020 was the actual start of the bull market because it was the first month deep in green after the halving.

Keeping in mind the aforementioned unlocking, this year’s July would be intriguing to follow.

Bitcoin Monthly Performance against USD. Source: Bybt
Bitcoin Monthly Performance against USD. Source: Bybt
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-volatility-in-july-16k-btc-unlocking-on-grayscale-coming-up/

Continue Reading

Blockchain

Bitcoin to Surpass $98K by November: Stock to Flow Model

The Bitcoin stock to flow model, designed by PlanB, outlines a relationship between scarcity and value that has been a solid long-term predictor of cryptocurrency price trends.

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The S2F model is currently suggesting that, in the worst-case scenario, BTC will surpass $98K by November, which is highly optimistic given recent market developments.

S2F’s Methodology & Accuracy

Comparing Bitcoin to precious metals like gold and silver, PlanB has used statistics to outline a defined relationship between the value and scarcity of a given asset. The basic hypothesis is that the easier it is to produce a good, the harder it is for it to retain value, assuming demand remains stable.

PlanB notes that demand will be driven by predatory governments imposing negative interest rates, billionaires hedging against inflation, and institutional investors. This information, pieced together with the power laws and fractals observation that BTC’s price often centers around, has created a model that has proven to be fairly solid for the past 2 years.

Turbulent Waters Ahead

The road to a 6-figure BTC price won’t be smooth sailing. Whilst his latest tweet indeed paints an optimistic outlook for Bitcoin by the end of the year, PlanB also notes that there will be possible ‘weakness’ in the next few months due to a ‘more fundamental reason’ that he will reveal later on.


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The recent death cross formation might be a factor in this predicted weakness.

Long-term targets for BTC remain intact, and according to him, still, look better than ever, so it will be imperative for Bitcoin holders to weather the storm and HODL.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-to-surpass-98k-by-november-stock-to-flow-model/

Continue Reading

Blockchain

Bitcoin to Surpass $98K by November: Stock to Flow Model

The Bitcoin stock to flow model, designed by PlanB, outlines a relationship between scarcity and value that has been a solid long-term predictor of cryptocurrency price trends.

Published

on

The S2F model is currently suggesting that, in the worst-case scenario, BTC will surpass $98K by November, which is highly optimistic given recent market developments.

S2F’s Methodology & Accuracy

Comparing Bitcoin to precious metals like gold and silver, PlanB has used statistics to outline a defined relationship between the value and scarcity of a given asset. The basic hypothesis is that the easier it is to produce a good, the harder it is for it to retain value, assuming demand remains stable.

PlanB notes that demand will be driven by predatory governments imposing negative interest rates, billionaires hedging against inflation, and institutional investors. This information, pieced together with the power laws and fractals observation that BTC’s price often centers around, has created a model that has proven to be fairly solid for the past 2 years.

Turbulent Waters Ahead

The road to a 6-figure BTC price won’t be smooth sailing. Whilst his latest tweet indeed paints an optimistic outlook for Bitcoin by the end of the year, PlanB also notes that there will be possible ‘weakness’ in the next few months due to a ‘more fundamental reason’ that he will reveal later on.


ADVERTISEMENT

The recent death cross formation might be a factor in this predicted weakness.

Long-term targets for BTC remain intact, and according to him, still, look better than ever, so it will be imperative for Bitcoin holders to weather the storm and HODL.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/bitcoin-to-surpass-98k-by-november-stock-to-flow-model/

Continue Reading
Blockchain54 seconds ago

Bitcoin Volatility in July? 16K BTC Unlocking on Grayscale Coming Up

Blockchain1 min ago

Bitcoin Volatility in July? 16K BTC Unlocking on Grayscale Coming Up


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Bitcoin Volatility in July? 16K BTC Unlocking on Grayscale Coming Up

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Bitcoin to Surpass $98K by November: Stock to Flow Model

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Bitcoin Volatility in July? 16K BTC Unlocking on Grayscale Coming Up


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