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Analyst on Ethereum: ETH you have now is going to…

Ethereum, the largest altcoin in the market has suffered quite a setback in price, despite its recently announced upgrade plans. Not so long ago, ETH developer Tim Beiko announced the London upgrade,

The post Analyst on Ethereum: ETH you have now is going to… appeared first on AMBCrypto.

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Ethereum, the largest altcoin in the market has suffered quite a setback in price, despite its recently announced upgrade plans. Not so long ago, ETH developer Tim Beiko announced the London upgrade, scheduled for August 4. However, does this “trending” upgrade news ring in any bullishness for the coin?

New Zealand-based crypto bull, Lark Davis, is certainly buying and HODLing ETH in his portfolio despite the prevailing market uncertainty. In his recent YouTube video, he put forward his reasons for remaining mega bullish on ETH,

Discussing Ethereum ETFs, he stated,

“Ethereum ETFs are here, and will only become more prevalent. Canada, and now Brazil have approved ETH ETFs. There are multiple ETH ETF applications sitting with the SEC in the USA. Approval of which will unleash a tsunami of money onto ETH.”

As per Statista data, Canada holds around 2.4% of the global equity market, and Brazil was at 1%, whereas the US, held a major portion of around 55.9%. With such a massive hand on the equity front, any news originating from the US is bound to turn the table.

Recently, US-based SkyBridge Capital’s CEO Anthony Scaramucci confirmed his plans to launch an Ethereum fund, alongside filing for an ETH ETF. Whether the latter bears fruit remains to be seen, looking at the SEC already having rejected Bitcoin ETFs in the past.

In addition to this, as part of the ETH 2.0 upgrade, a potential triple halving scenario can play out as well, but not until next year. With regards to this, Davis stated,

“The triple halving is coming. Currently ETH annual inflation is around 4.5%, as part of the ETH 2.0 upgrade that will drop to around 0.5%. The equivalent of 3 Bitcoin halvings!”

This indeed can play out in favor of ETH in the long run.

Moreover, the second-largest blockchain incorporating these changes, with its triple halving event, signals much less inflation for the asset which in the long-term indicates that the “ETH you have now is going to be a scarcer asset because of less inflation on the network moving forward,” he said.

Moreover, with EIP 1559 scheduled for August, it’ll burn the fees paid for some transactions. Which over time will make ETH into a deflationary currency. To summarize, the EIP-1559 resembled an automated perpetual stock buy-back mechanism, according to the analyst.

As discussed above, with all these developments around this space, the demand has surged too. This is significant since on exchange supplies kept hitting new lows and the amount of ETH locked in the 2.0 staking contract continued to prosper. As per Etherscan, more than 6.2 million ETH was locked in 2.0.

Now the important question is, where does the ETH flipping BTC narrative stand? Davis discussed this in a series of tweets,

With all the aforementioned progress in the ETH space, the crypto analyst concluded,

“Final thoughts. When you understand all of this it is hard not to be mega bullish on ETH. And this is far from an exhaustive list of reasons.”

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Source: https://ambcrypto.com/analyst-on-ethereum-eth-you-have-now-is-going-to

Blockchain

Solana (SOL) Price to Hit $300 Soon! Is this the Last Opportunity to Buy the Dip?

solana

The post Solana (SOL) Price to Hit $300 Soon! Is this the Last Opportunity to Buy the Dip? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

During the early Asian trading hours, The broader cryptocurrency market has seen recovering from recent losses. Bitcoin and Ethereum are showing signs of a rebound while Cardano price is still consolidating within $2.3. Solana turned out to be the worst performer of the day after shedding 13% of its value in a week. In the …

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During the early Asian trading hours, The broader cryptocurrency market has seen recovering from recent losses. Bitcoin and Ethereum are showing signs of a rebound while Cardano price is still consolidating within $2.3.

Solana turned out to be the worst performer of the day after shedding 13% of its value in a week. In the past 24 hours, Solana witnessed Major corrections as the token hit the lows at $130.69. However, during the early Asian trading hours, SOL Price showed some recovery

Solana has been highly volatile in the last couple of weeks. Initially, this Ethereum rival exploded to a new all-time high of around $215. However, a widespread crash in the market resulted in massive losses hitting $128. 

Solana Price Analysis :

Solana is seeing some buying resurgence on Saturday, as it reverses Friday’s temporary drop to near the $127.50 region. At the time of writing, SOL is trading at $139.54 with 5% gains. 

If the price rebounds off it, the bulls will again try to thrust and sustain the price above the downtrend line. If they can pull it off, the pair could rise to $170 and then to $200.

TradingView Chart

The bears have pulled the price back below the 20-day EMA today and the SOL/USDT pair could now drop to $108. This level is likely to act as strong support.

Conversely, if the 50-day SMA cracks, the SOL/USDT we can expect increased selling pressure, and the price could then drop to the retracement level at $98.26.

Further, the initial support lies at $123. The next support levels are followed by $119, $112, $110, and $100. On the flip side, the initial resistance lies at $150. The next resistance levels are followed by $160, $180, and $200.

SOL Price to Hit $300

Popular Analyst with Twitter handle @galaxyBTC  seems to be bullish on Solana price. The analyst shared a chart stating the SOL price is eyeing to hit $300. 

Additionally, Well known YouTuber with channel name EllioTrades  Picks 10 Altcoins that are poised for 30x in the coming bull rally. According to the analyst, If the SOL Price Drops below $100 or $70 then we can expect the altcoin to reach a new high.

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Source: https://coinpedia.org/price-analysis/solana-sol-price-to-hit-300-soon-is-this-the-last-opportunity-to-buy-the-dip/

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Blockchain

Attention Traders!!! This Could Be Your Last Chance To Become Cardano Millionaires

cardano partnership

The post Attention Traders!!! This Could Be Your Last Chance To Become Cardano Millionaires appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market continues to keep the traders on their toes, as the uncertainty is approaching the skies slowly. However, among extreme volatility, Cardano appears pretty strong and reliable which has the capacity to extract huge profits. But will the rally reach its peak by the end of 2021 or continue in early 2022?  Ever …

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The crypto market continues to keep the traders on their toes, as the uncertainty is approaching the skies slowly. However, among extreme volatility, Cardano appears pretty strong and reliable which has the capacity to extract huge profits. But will the rally reach its peak by the end of 2021 or continue in early 2022? 

Ever since the Evergranade crisis has shaken the world market, the crypto market has also not been spared. Moreover, the rounds of China Ban just ruined the recovery each asset were undergoing since the Sept 15th sell-off. Yet like every time, Cardano remained away from the crowd following its own rally. 

Also Read: XRP & ADA Price Action: Analyst Maps Next Directions for XRP & Cardano Price!

Considering the latest sell-off, where Bitcoin and Ethereum are still struggling very hard to reach $45K and $3K respectively, Cardano easily climbed close to $2.4 from recent lows of $2.06. And moreover, the price is currently forming higher highs constantly and marching strongly to smash $2.5 soon. However, the bear market can still be on its toes, but before that Cardano could have produced many millionaires. 

The price followed a cup and handle since the rebound after the mid-September, however, the pattern has inversed now. And hence a slight pullback could be fast approaching yet the price could still sustain $2. And hence after a small correction, yet the ADA price could still rally above the ATH around $3.1 to hit close to $4. 

adasurge

Collectively, Cardano price is currently appearing a little strong than the other altcoins, as it’s undergoing a serious rebound. However, the ADA price is currently around $2.36 with nearly 7.85% in the past 24 hours. The trading volume also has risen more than 73% to range more than $6 billion. Moreover, the upcoming Cardano Summit could provide enough boost for the price.

Also Read: AVAX, SOL, SUSHI and MOVR To Go For 30X After the Dump! But How?

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Source: https://coinpedia.org/price-analysis/attention-traders-last-chance-to-become-cardano-millionaries/

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Blockchain

AVAX, SOL, SUSHI and MOVR To Go For 30X After the Dump! But How?

Altcoins

The post AVAX, SOL, SUSHI and MOVR To Go For 30X After the Dump! But How? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Economic turmoil coming out of the Chinese market has threatened the crypto space for the second time this year. But every dip is for creating our own opportunity in order to gain massive profits! Therefore, buying the right asset is a challenge that holds the strong fundamentals and can bring you more gains. This article …

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Economic turmoil coming out of the Chinese market has threatened the crypto space for the second time this year. But every dip is for creating our own opportunity in order to gain massive profits! Therefore, buying the right asset is a challenge that holds the strong fundamentals and can bring you more gains. This article will help you understand the top altcoins that have the strong potential to go for 30X after the dump.

AVAX (Avalanche): 

Avalanche (AVAX) is one of the fastest smart contracts platforms built by Ava Labs. This Proof-of-Stake blockchain can process 4,500 transactions per second. 

AVAX price is trading at $71.10 at the press time. Due to the bear market sentiments, the price is down by 10.73% in the last two days. EllioTrades, a popular crypto platform and co-founder of SuperFarmDAO roots the AVAX price to skyrocket to new milestones by surging at least 5x, if it plunges well below the $50 support level.

Recent News on AVAX:

  • The AVAX platform has seen exceptional growth over the past few weeks, from $0.5 billion in TVL from August 1st week to $3 billion on September 24th.
  • On September 22nd, 2021 Alpha Homora V2 launched on Avalanche blockchain. Now the users have access to leverage yield farm with competitive gas fees.  
avax

Solana (SOL)

The Solana ecosystem made two good moves in the year 2021.  In the first half of 2021, the SOL price rallied from $4.22 to $56 on May 18th. And in the second half of 2021, the rise was even more intense. The SOL price hit an ATH of $214.96 in September 1st week.

EllioTrades predict if the SOL price slumps down below $100 or even $70 then that creates a strong buy opportunity. According to the platform, the SOL  price will skyrocket if it retests that level.

Solana roadmap looks interesting as unique projects are awaiting launch. Investing in the right frame is what can bring profits. 

SushiSwap (SUSHI):

SushiSwap (SUSHI) is an automated market maker (AMM), utilises smart contracts to create markets for given pair of tokens. 

With a slight pullback, the SUSHI price is trading at $9.52 at the press time. EllioTrades say the SUSHI token is the best option to buy if its price falls well below $3 or $2.

Speculations say SUSHI is set for the world’s one of the largest NFT marketplace launches to compete against OpenSea, SUSHI price is expected to reach new highs once the launch happens.

MoonRiver (MOVR):

This Ethereum compatible, smart-contract parachain on Kusama is another coin on the cart of EllioTrades. The platform made a whopping prediction for MOVR, says if MOVR price retests between $180 to $200, then the protocol could bring huge profits!

On September 21st, the Moonsama team launched the first NFT marketplace on Moonriver. Many projects in the pipeline MOVR may soon surge to new highs.

Collectively, the EllioTrades platform also included Osmosis, StarAtlas, UFO Gaming and Rari Governance Tokens to their cart. Buying the above-mentioned assets by taking calculative risks will bring more gains, and investing in the wrong time frame would result in disastrous losses. 

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Source: https://coinpedia.org/altcoin/avax-sol-sushi-movr-price-to-go-30x-after-the-dump/

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Blockchain

XRP & ADA Price Action: Analyst Maps Next Directions for XRP & Cardano Price!

Earb Crypto

The post XRP & ADA Price Action: Analyst Maps Next Directions for XRP & Cardano Price! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin price plunged to $42,732.98 on Saturday, down 3.95% in the last 24 hours. The market cap of the largest cryptocurrency stood at $801.92 billion. Bears have seized the initiative by the end of the week as all of the coins from the top 10 list are in the red zone. Micheal van de Poppe …

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Bitcoin price plunged to $42,732.98 on Saturday, down 3.95% in the last 24 hours. The market cap of the largest cryptocurrency stood at $801.92 billion. Bears have seized the initiative by the end of the week as all of the coins from the top 10 list are in the red zone.

Micheal van de Poppe has updated his forecasts for XRP Price, Cardano Price along with two popular altcoins.  

ADA

He’s presuming that Cardano is close to bottoming out at this point, at which point we can expect new impulse waves to emerge. The crypto expert claims that ADA Price has breached key price levels, crossing the $1.90 to $2.10 zone.

Van de Poppe then turns his attention to the token’s Bitcoin pair (ADA/BTC), predicting that Cardano might reach new highs. 

According to him, we should see some small consolidation, similar to what we saw in April. So there will be some stabilization here before we break resistance, but if we do, he believes we’ll be setting new all-time highs or new highs for Cardano here as well.” 

Also Read : Popular Crypto Proponent Bullish on Cardano, Solana & XRP! Know Why

XRP

An important price level for XRP Price has also been identified by the trader, which might imply a bullish signal for the crypto market.

He believes that if you want to get into the markets, now is the time to do it because the market has finally bottomed out and is ready for the next impulsive wave. 

What is the XRP level of difficulty to crack? It needs to break through the area around $1.05 to be successful. I don’t think we’ll receive it all at once, but I do believe that once it gets through there, all coins will start breaking out left and right. However, on XRP, this is a good candle.” 

The widely-followed expert believes that the current downturn is a good time to enter the market, recommending Avalanche (AVAX), Solana (SOL), and Fantom (FTM) as three altcoins to buy now while prices are low.

Should you be getting interested in the markets when it’s approaching support and when projects are dropping down by about like 35% to 45%? Yes, of course. When you get towards the support, people will ultimately become quite bearish and they are only expecting further downward momentum. That is the moment that you want to get into the markets.”

Also Read : Bitcoin Ethereum & Solana Set to Hit the Roof Soon! Here are the Next Levels

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://coinpedia.org/altcoin/xrp-ada-price-action-analyst-maps-next-directions-for-xrp-cardano-price/

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