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Crypto Trader Lark Davis Lists Top Five Altcoins To Buy in May

Crypto trader and analyst Lark Davis is naming a handful of altcoins to keep an eye on this May. As Ethereum floats around $3,420 and Bitcoin dominance (BTC.D.) plunges toward 45%, Lark Davis highlights one crypto asset that he’s been bullish on nearly this entire crypto bull market, which is liquid staking protocol Ramp (RAMP). […]

The post Crypto Trader Lark Davis Lists Top Five Altcoins To Buy in May appeared first on The Daily Hodl.

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Crypto trader and analyst Lark Davis is naming a handful of altcoins to keep an eye on this May.

As Ethereum floats around $3,420 and Bitcoin dominance (BTC.D.) plunges toward 45%, Lark Davis highlights one crypto asset that he’s been bullish on nearly this entire crypto bull market, which is liquid staking protocol Ramp (RAMP).

Ramp, which Davis notes is finally launching some of its flagship products, allows users to lock up their staked coins, while receiving a stable coin (rUSD) in return. This allows users to, in Davis’ words, “double, triple, or quadruple” their yearly yield and still receive staking rewards from the original deposited assets.

“I’ve been bullish on Ramp for a long time now. I’ve been talking about it here on the channel since ramp was at $0.04 or something like that… I still think that Ramp has a lot of gas in the tank… My target for this has been around $5, but a 10x would put us around $6.50 which also would not be all that crazy for Ramp.

What I think is most important here and gives the potential for the price to move up is that we have a real product now. Every day people are going to be staking getting those rUSD. Now, we have a real decentralized finance (DeFi) product with a real revenue model… so I think now we’re going to start seeing Ramp taking off.”

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Next on Davis’ list is Ethereum layer-2 scaling solution Polygon (MATIC). Even though MATIC is up over 100% in the past two weeks, Davis believes the asset has a lot of room to grow in the coming months.

“Polygon has been absolutely slaying it when it comes to adoption… Now, why am I bullish on Polygon? Well because Polygon is launching a $100 million fund to support DeFi adoption. Now we already have Polygon working with some of the biggest DeFi protocols out there, we’re doing a million transactions per day on Polygon, we have Aave which now has $2 billlion dollars in liquidity locked on Polygon… This is showing that layer-2 is actually succeeding, Ethereum is actually scaling.”

With a market cap of roughly $4.7 billion, Davis notes that polygon is undervalued when compared to some of the other projects in the top 50 assets by market cap such as Solana (SOL) and Ethereum Classic (ETC).

Third on the analyst’s list is non-fungible token (NFT) project Ethernity (ERN), which Davis says is locking in some incredible and legitimate partnerships with high-profile celebrities.

“The NFT space is so highly speculative, the last thing you want to be doing is buying fraudulent NFTs which again is where Ethernity comes in because they’re bringing real NFTs from real celebrities.”

Davis notes that legendary soccer player Pelé is part of the Ethernity network.

Next up is Ethereum competitor Polkadot (DOT), which Davis is holding, although the asset is in a “lull phase” as the public anxiously awaits the launch of Polkadot parachain auctions, which will bring smart contracts to the platform.

“It’s definitely a top five ecosystem, very excited about what Polkadot is building. And when parachains do launch that is the magic moment, that’s when everything goes crazy for Polkadot, because that means all of a sudden you have a real ecosystem, real users…”

As for why the analyst is particularly bullish on DOT this May, he points to the upcoming Polkadot Decoded conference, during which the team may reveal some exciting news regarding the growth of the network.

“At the end of the month, we have the Polkadot Decoded conference… They’re probably going to release some nice little juicy nuggets in terms of information. I’m watching to see what they announce here. Maybe we’ll get some firm dates for when we see those parachains coming out… very excited about this, definitely something to keep on your radar.”

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The last asset Davis mentions is Bitcoin fork Litecoin (LTC), which Davis says has “pumpamental factors.” He highlights that payment giants PayPal and Venmo, along with major trading platforms such as Robinhood, are all selling Litecoin.

Davis believes that novice traders will also view Litecoin as cheap relative to Bitcoin, sitting at around $345 versus roughly $55,000. The influencer believes that the recent success of Ethereum Classic (ETC), which is up nearly 200% on the week, may show that rationality has been temporarily suspended, leaving room for assets like Litecoin to flourish.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Carlos Amarillo

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://dailyhodl.com/2021/05/06/crypto-trader-lark-davis-lists-top-five-altcoins-to-buy-in-may/

Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

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It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  Bitcoin and Ethereum Indexes Launched by the S&P Dow Jones Indices

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

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Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  SandBox Price Prediction 2021-2025: SAND Token Can Hit $1 by 2025

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

Continue Reading

Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  Bitcoin May Lose Its Struggle to be Adopted as the World’s Reserve Currency

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

Continue Reading

Blockchain

MATIC, DOGE & ADA Price Jumps High, Is this A Bull Run Or A Fake Breakout!

crypto price today

The post MATIC, DOGE & ADA Price Jumps High, Is this A Bull Run Or A Fake Breakout! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Polygon(MATIC) Price Jumps More Than 12% Polygon price in recent times adopted a silent trend and steep plunges. However, it sustained above $1 levels, showcasing a huge tendency to jump towards the lost positions above $2. However, the recovery path may not be much easier, yet a steady rally may accomplish the mission soon. The …

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Polygon(MATIC) Price Jumps More Than 12%

Polygon price in recent times adopted a silent trend and steep plunges. However, it sustained above $1 levels, showcasing a huge tendency to jump towards the lost positions above $2. However, the recovery path may not be much easier, yet a steady rally may accomplish the mission soon.

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matic chart

The price bounced above the strong trend line and climbed high above $1.5. The currency appears to have inculcated a strong bullish momentum and hence regain the lost positions is imminent. 

At the time of writing, the MATIC price is $1.53 with a massive jump of 11.64% since the previous trading day. The price after the mammoth recovery from the mid-may crash was expected to smash levels above ATH. Woefully, the price slides towards the north rejecting the bullish trend. 

Technical Specifications

  • The resistance levels are at $1.875
  • The support levels are at $1.32
  • The indicators point out at a buy signal

Also Read: Polygon Rise to the Top, Is $3 on Cards For MATIC Price?

Dogecoin Price Gaining Bullish Momentum

Dogecoin price since Elon Musk’s SNL snub incorporated a narrow trend and hardly surged above $0.34. Each time it attempts hard to rise above $0.35, a notable drain drags the price below $0.326 regions. 

However, the recent plunge slashed the price below $0.3 levels, however, a remarkable retrace uplifted the price above $0.32 levels. The jump in the trading volume with more of the green candles called out for a healthy rally. 

doge chart

The constant surge from the past couple of days helped the asset to build some bullish momentum. And therefore, an uptrend appeared to be on the cards where-in the targets were set a little far from the current levels around $0.3282.

Technical Specifications

  • The resistance levels are at $0.3487
  • The support levels are at $0.3063
  • The indicators point out towards a sell signal

Also Read: The Last Buy At The Dip For Dogecoin Price, Pile Up Before It Propels

Cardano Price Poised To Hit New Highs Soon

Cardano price despite a steep market plunge sustained above $1.3 levels and showcased a form of stability. However, it also experienced a drain but failed to revisit the lower levels as the volume remained considerably high. 

ada chart

The price in the hourly chart has formed a tiny bullish flag where-in an uptrend may be following shortly. Interestingly, the RSI levels also touched the upper and the lower levels but maintained within the average zone.

The steady trading volume signifies the maintained user’s interest within the Cardano ecosystem that helped to stabilize the price to some extent. At the press time, the ADA price is $1.56 with a jump of 5.06% very close to recovering the previous week’s losses.

Technical Specifications

  • The resistance levels are at $1.7
  • The support levels are at $1.48
  • The technical indicators are currently neutral

Also Read: Cardano Price Poised to Hit $3 By July End! Here are the Crucial Support levels

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/price-analysis/matic-doge-ada-price-swell-high/

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