The price of Bitcoin surpassed $ 19,000 on November 24th and hit $ 19,299 on Binance. As BTC rebounded, major alternative cryptocurrencies fell dramatically – including Ethereum and Ripple’s XRP.
It remains to be seen whether the trend of profits from altcoins flowing into Bitcoin Union will continue in the near future. One variable, however, could prevent the altcoin market from seeing a wider downturn – and that’s the resistance at $ 20,000.
Bitcoin has passed the $ 19,000 mark and is now approaching an all-time high of nearly $ 20,000.
But until the $ 20,000 mark is broken, it serves as an important area of resistance. So that could mean that the price range is between $ 19,000 and $ 20,000.
If Bitcoin shows signs of consolidation between the two levels, it could help Altcoins rebound. Ethereum and Ripple’s XRP fell rapidly when BTC started rising, but have since rebounded.
Ripple’s XRP, for example, fell from $ 0.72 to $ 0.567, down 20% in a matter of hours. Although Ethereum saw a smaller pullback, it saw a similar price move.
Ethereum was down 5% as Bitcoin started its way towards $ 19,000 during the same period as XRP.
Ripple’s XRP saw a sharp decline during the day due to its extreme volatility. While XRP peaked below $ 0.8 on Binance, the token hit $ 0.9 on Coinbase. This caused a real frenzy about the crypto currency and even temporarily led to a Coinbase failure.
After the altcoin market retreats, the likelihood of a short-term recovery is higher than a continued correction.
In the short term, the $ 20,000 mark remains a crucial area of resistance for Bitcoin. Therefore, the likelihood of a recovery in the altcoin market remains high as long as BTC does not hit a new all-time high.
When BTC crosses the $ 20,000 mark, there is a high chance that it is soaking up most of the volume in the cryptocurrency market. Should this happen, the momentum of the altcoin market could weaken in the short term.
Ethereum is seeing a particularly sharp correction after hitting a multi-year high of $ 625.
ETH is likely to see a deep pullback due to a sell-the-news reaction from the market. On November 24th, Ethereum officially reached the threshold for the launch of Eth2.
ETH may have pulled back as cryptocurrencies tend to decline after big announcements. But traders had also predicted short-term consolidation after ETH hit $ 625.
An evaluation of the document published by Satoshi Nakamoto on 31 October 2008 that „set a financial revolution in motion“.
Has it really only been twelve years since 31 October 2008, the day Satoshi Nakamoto published a modest nine-page document describing a new online payment system called „Bitcoin“? Depending on one’s point of view, that pseudonymous white paper (whose author, or authors, remains unknown) has triggered a fintech revolution or, as some believe, „the biggest scam in history“.
To celebrate the anniversary of the publication of „Bitcoin: A Peer-to-Peer Electronic Cash System,“ Cointelegraph invited several experts to comment on its author’s enduring vision. Would Satoshi Nakamoto be happy with how Bitcoin and blockchain technology have developed and evolved over the past 12 years?
James Angel, associate professor at Georgetown University’s McDonough School of Business, explained to Cointelegraph:
„He set in motion a financial revolution with the advent of DeFi apps, smart contracts and token offerings, as well as a payment revolution that is leading to Central Bank Digital Currency“.
Gina Pieters, Professor in the Faculty of Economics at the University of Chicago, commented:
„She would be happy to see the evolution and new applications of her vision.“
The influence of Bitcoin’s white paper (BTC) goes far beyond finance, according to Garrick Hileman, director of research at Blockchain.com:
„Its impact deserves the same consideration as other major technological innovations, such as the personal computer and the Internet.“
Satoshi’s vision was for a P2P digital money system, or decentralised, as indicated in the title of the white paper. The problem with digital commerce was to rely solely on „financial institutions as trusted third parties to process electronic payments,“ Satoshi wrote. This mechanism had inherent weaknesses. Transactions could be reversed, banks had to mediate disputes, and transaction costs were high. Satoshi’s solution is described in the second paragraph of the introduction to the white paper:
„We need an electronic payment system based on cryptographic evidence rather than trust, allowing any two counterparties to negotiate directly with each other without the need for a third party of trust.“
In the 12 years since the publication of the paper, the need for P2P transactions, without third parties interfering, has become a deep conviction among Bitcoin enthusiasts. On reflection, however, can we say that this aspect of Satoshi’s vision has been realised? David Yermack, professor of finance at Leonard N. Stern School of Business at the University of New York, explained to Cointelegraph:
„I think the biggest source of disappointment for Nakamoto is the increasing centralisation of blockchain governance in entities such as mining pools and even central banks, which are preparing to launch their own cryptocurrencies. Nakamoto’s mission was to challenge the hegemony of these institutions, and paradoxically it seems that the major digital currency issuers will be the central banks themselves.
Angel commented: „Satoshi would be stunned by the concentrated mining pool policies that currently dominate Bitcoin’s protocol. Instead, Pieters added that Satoshi would be disappointed that „Bitcoin’s main transactions do not take place through peer-to-peer exchanges, but are handled by centralised companies or exchanges.
The issue of fraud in digital transactions has always hovered over the industry, and Bitcoin Sunrise white paper has proposed a way to solve the long-standing problem of „double spending,“ where criminals spend the same money twice, which is not very complicated with e-currencies. The solution included a „distributed peer-to-peer time stamp server to generate computational evidence of the chronological order of transactions. In this way, Satoshi explained, „computationally impractical transactions to reverse would protect sellers from fraud.
Solving the problem of double spending is considered one of Satoshi’s greatest achievements today. Bitcoin’s blockchain has never been hacked (though the same cannot be said for the many crypto exchanges on which BTC trades). Nevertheless, the fraud associated with digital payments has not been expelled from the system. Would this have shocked Bitcoin’s founder?
Angel argues that Satoshi „would have been disappointed to discover that Bitcoin has not become a means of payment for everyday expenses but rather a store of value for fearful rich people and tax evaders. Moreover, Satoshi would „disapprove of the increase in inequality created by Bitcoin’s history, with a few early adopters becoming whales and the remaining 99.99999% of the population as no-goods“. However, we can assume that the creator of Bitcoin, whether man, woman or group, would have been amazed at the scale of the adoption of BTC, as Yermack pointed out:
„Nakamoto would be amazed by the growth of blockchain projects and the thousands of digital coins and tokens that have been created in Bitcoin’s image. A striking testimony to this is that in 2010 Nakamoto set the size of the blocks on the Bitcoin blockchain at 1MB, commenting mysteriously that ‚we can always increase it later when necessary‘.“
He had no idea that the blockchain would become overloaded within the next five or six years, Yermack continued, „and that a controversial debate, still unresolved, would erupt among several Bitcoin supporters on how best to further expand the blockchain’s capacity“.
Over the past 12 years, much of Satoshi’s original software code has been altered or replaced, Hileman added, but Bitcoin has nevertheless retained its core qualities, including „the limited offer of 21 million coins, open access, and resistance to censoring/manipulation. I believe Satoshi would be pleased with the software optimizations and improvements underway for these important core features that continue to this day.
Although the white paper talks a lot about transaction fees, CPU power, network nodes, proof-of-work chains and even the Gambler’s Ruin problem, it doesn’t dwell on the world in general, including the environment. Angel argues that Satoshi would be shocked by the environmental damage caused by Bitcoin’s mining competition, he adds:
„At the current hash rate and mining efficiency, Bitcoin mining is consuming about seven gigawatts of electricity, the equivalent of seven Chernobyl power plants.“
Although little is known about Satoshi’s political ideas, his creation in the form of the first blockchain crypto would also be disturbed by the idea of the Central Bank Digital Currency, and in some cases „these currencies are designed to allow oppressive governments to implement even greater surveillance and control over populations,“ Angel added.
Focusing on the white paper, Franklin Noll, monetary historian and president of Noll Historical Consulting, explained to Cointelegraph:
„His goal was to enable rapid, anonymous, low-cost, unmediated and irreversible transactions. So far, Bitcoin’s transactions, and many other blockchain transactions, have not proved to be particularly fast, anonymous or low-cost“.
„I think Satoshi would like to see more use of non-custodial wallets to store and exchange Bitcoins,“ commented Hileman, explaining how custodian companies that handle private cryptographic keys on behalf of Bitcoin owners „resemble traditional banks. He also believes that „Satoshi was not a fan of third-party financial intermediaries.
After just over a decade, what is the significance of Satoshi Nakamoto’s white paper? In the finance industry, „he has encouraged financial companies and central banks to prioritise the evaluation of their technologies, considering both increased digitisation and ongoing digital platforms,“ said Pieters, continuing:
„In some cases, such as new CBDC research, this has led to explorations of new systems, although they do not directly involve the adoption of blockchain technology.“
„Bitcoin and blockchain have radically changed the monetary world,“ added Noll. „Terms such as proof-of-work, distributed register technology, decentralized finance, programmable money and smart contract are now part of the lexicon of anyone who is seriously interested in the future of money and finance.
Hileman added:
„Moreover, we are only just beginning to understand the potential impact of blockchain technology in areas outside finance, such as digital identity, addressing false news and election fraud.“
„Nakamoto’s publication of the document in 2008 was a major breakthrough in financial reporting,“ explained NYU’s Yermack. „We are only beginning to understand its ramifications, but they seem to be extensive.“
The reader will not find the word „revolution“ in Satoshi’s document. Nowhere is there any talk of subverting the economic order or bridging the gap between rich and poor. It is an unpretentious treatise on electronic payments, which explains how to create a system in which they work effectively.
On his terms, Satoshi has achieved enormous success. He has promised a functional P2P digital payment system, and has kept his word. Bitcoin’s market value is $255 billion 12 years after the idea was launched.
Whether Bitcoin is also harming the environment, helping money launderers or supporting political regimes is beyond its remit. We can say that economic decentralisation continues to present governance challenges. How much „peer-to-peer“ does society really want? The global community will have to decide.
Twelve years after the publication of „Bitcoin: A Peer-to-Peer Electronic Cash System,“ we must remember that „as they say, revolutions do not always go as planned by the founders,“ Noll explained to Cointelegraph.
El destacado analista de cadenas Willy Woo cree que Bitcoin caerá hacia la brecha de CME en los bajos 11.000 dólares en un futuro próximo. El analista señaló que la cripto-moneda tiene una serie de factores bajistas que sugieren que caerá hacia ese nivel:
„Este es un análisis técnico a corto plazo en lugar de mis fundamentos normales; se advierte que el análisis a corto plazo es mucho menos confiable, más para los jugadores de casino. RESUMEN: Sospecho que el último hueco de la CME (lo que queda en verde) puede ser llenado.“
En primer lugar, Woo señaló que las tendencias subyacentes del mercado sugieren que existe una „distribución oculta“ de Bitcoin. Simultáneamente, el gráfico de BTC ha comenzado a parecerse a un patrón de distribución de libro de texto.
Esta confluencia indica que Bitcoin se deslizará hacia la brecha de la CME a 11.200 dólares en un futuro próximo. Eso representaría una caída del 2-3% de los precios actuales.
A pesar de estos factores a corto plazo que podrían comprimir el movimiento alcista del precio de Bitcoin, la tendencia a largo plazo sigue siendo positiva.
Woo explicó que los fundamentos de la criptodivisa en cadena siguen siendo alcistas. Dijo que confía tanto en que si BTC se retira hacia los 10.000 dólares, puede ser prudente desplegar capital en la moneda:
„Los fundamentos de la cadena, que son de 3 a 6 semanas en los plazos mínimos, siguen sin cambiar en modo alcista, si conseguimos un retroceso, lo tomaría como una oportunidad para desplegar el capital en BTC si no lo logras en la zona de los 10k“.
Cabe destacar que la tasa de hash de la red de Bitcoin ha alcanzado recientemente un nuevo máximo histórico. Esto sugiere que los mineros están más seguros que nunca de que la criptografía seguirá subiendo, lo que significa que serán rentables.
Major exchange OKEx suddenly suspended cryptocurrency withdrawals from its platform. The company has reportedly lost contact with one of the holders of its private keys.
The OKEx platform explains this maneuver in a press release , where it claims that one of the holders of its private keys is currently cooperating with a public security office in the context of several investigations.
“One of our private key holders is currently cooperating with a public security bureau on investigations. We have lost contact with the holder of the private key concerned. “
For an indefinite period and for safety reasons, withdrawals of any cryptocurrency on The News Spy have therefore been deactivated .
While a wave of panic quickly spread among OKEx users, the platform ensured that all other features remain operational and funds are not affected in any way .
According to Jay Hao , CEO of OKEx, the authorities‘ ongoing investigation only concerns the personal situation of the said private key holder
Despite these reassuring comments, certain facts seem rather worrying. The Whale Alert Twitter bot, which references large cryptocurrency transactions, has identified several from and to OKEx.
In the hours leading up to the suspension of OKEx withdrawals, nearly $ 15 million was withdrawn from the platform, or 1,180 BTC and 50 million TRX :
At the moment, it is not yet possible to ensure that these transactions have any connection with the OKEx pause, but they are suspect in the eyes of many members of the crypto-community.
Directly after the OKEx announcement, Bitcoin’s price fell 2.5% from $ 11,500 to $ 11,200 within minutes. As of this writing, BTC has already made up 50% of that slight drop, and is trading around $ 11,350.
According to data from CoinGecko , OKEx is the leader of the exchanges for the volume of cryptocurrency derivatives, and is second behind Binance for spot trading. This may explain the sharp reaction of Bitcoin to the news, even though the loss was made up very quickly.
However, the situation is quite different for the OKB, the OKEx utility token. For the latter, the fall was much more meteoric, although it remains fairly measured vis-à-vis the situation.
The token thus fell by nearly 16% in the space of 20 minutes, going from $ 5.7 to $ 4.8 before rising back to around $ 5.2:
In recent weeks, the cryptocurrency exchange platform sector has been particularly hectic. Last month, the KuCoin exchange was notably the target of a significant hack of more than 150 million dollars , completely paralyzing the platform for several weeks.
Earlier this month, BitMEX was accused by a US regulator of violating anti-money laundering regulations, and iconic Arthus Hayes even stepped down as CEO of this historic platform.
Unlike its competitors, OKEx does not yet appear to have been the target of any attack, whether by hackers or regulatory bodies. Further information will be shared by the platform regarding this suspension of withdrawals.
Dies wird nicht nur eine weitere Instanz von CeDeFi sein, beruhigt der Austausch.
Bithumb Global, der internationale Ableger des in Korea ansässigen Krypto-Währungsumtauschs, kündigte die bevorstehende Einführung von Clover an, einer Blockkettenplattform, die auf dezentralisierte Finanzen abzielt und auf der Polkadot-Technologie (DOT) basiert.
Das Unternehmen sagt, dass Clover eine wie bei Bitcoin Evolution offene Plattform für DeFi-Anwendungen sein wird, die kettenübergreifende Fähigkeiten nutzt und dezentralisierte Finanzen mit der zentralen Börse verbindet.
Clover basiert auf Substrate, dem kundenspezifischen Blockkettenrahmen von Polkadot. Während Substrate den Start unabhängiger Blockketten ermöglicht, plant Bithumb, Clover direkt als Parachain, den Begriff, der zur Beschreibung von Polkadot-Scherben verwendet wird, einzuführen.
Clover wird mit einem nativen Token, genannt CLV, ausgestattet sein. Das Token ist sowohl ein Nutzungs- als auch ein Governance-Token. Es wird für das Abstecken und den Konsens, für Transaktionen auf verschiedenen Marktplätzen, für das Gewinnen von Dividenden aus der Plattformnutzung und für die Teilnahme an der Governance verwendet werden. Die Gemeinschaft wird in der Lage sein, Änderungen an der Plattform vorzuschlagen und darüber abzustimmen, wobei ein Token einer Stimme entspricht.
Die Plattform ist Teil eines übergreifenden Trends zentralisierter Börsen, die ihre eigenen Blockketten für DeFi lancieren, wobei der CEO von Binance, Changpeng Zhao, zur Beschreibung dieser Bemühungen den Begriff „CeDeFi“ prägte.
Chris Li, Clover-CEO und ehemaliger Chief Marketing Officer von Bithumb Global, sagte gegenüber Cointelegraph, dass die Börse eine andere Vision für die Plattform habe. „Bithumb wird der Hauptunterstützer von Clover sein, und wir planen, Bithumb als Depotlösung für kettenübergreifende Transaktionen zu nutzen, bevor die dezentralen Lösungen von Polkadot verfügbar werden“, sagte er.
Er merkte jedoch an, dass Bithumb „nicht so viel Einfluss wie Binance [auf seine Ketten] haben wird“, da das Unternehmen externe Partner, einschließlich anderer Börsen, anziehen möchte.
Die Kette werde einige hausinterne DApps umfassen, sagte Li, einschließlich eines dezentralisierten Austauschs, verschiedener Arten von Brieftaschen und Verleihprotokollen.
Li sagte, dass das Unternehmen davon ausgeht, dass die nächste Etappe für DeFi in der „Übertragung von Vermögenswerten und Wert über verschiedene Plattformen“ besteht, und dass Bitcoin Evolution dazu beitragen wird, das gesamte DeFi- und Polkadot-Ökosystem voranzubringen. Im Gegenzug erwartet das Unternehmen, sein eigenes Ökosystem zu stärken und „neue Arten von Nutzern zu gewinnen“.
Clover wird als Fallschirmspringer starten, was bedeutet, dass das Datum der Veröffentlichung stark davon abhängt, ob Polkadot Fallschirmspringer-Slot-Auktionen ermöglicht. „Aber wir gehen davon aus, dass wir uns im Q1 2021 in das Polkadot-Netzwerk integrieren werden“, sagte Li. Die Unterstützung von Polkadot war für die Pläne des Unternehmens für eine maßgeschneiderte Blockkette von entscheidender Bedeutung, da „Bithumb schon vorher versucht hatte, Ketten zu bauen, aber es kam kein Ergebnis heraus“, fügte Li hinzu.
A simbologia do Bitcoin na rede Ethereum significará um aumento da atividade no sistema Ether, que ultimamente tem sido relacionado a altas taxas de transação.
A empresa de análise de moeda criptográfica Messari estimou que aproximadamente US$ 500 milhões de Bitcoin (BTC) foram tokenizados na rede Ethereum para uso em protocolos de finanças descentralizadas (DeFi) até o momento.
Isto reciprocamente a cerca de 0,3% de todas as Bitcoin Era em circulação, deixando assim uma enorme lacuna de território inexplorado.
„$500M de #Bitcoin foi portado para o Ethereum em 2020. Com apenas 0,3% de toda a bitcoin no Ethereum e no DeFi em expansão, a oportunidade de pontes descentralizadas entre as duas cadeias é difícil de ignorar“, explicou Messari através de um tweet.
O ecossistema DeFi não apenas floresceu nos últimos meses, mas também prosperou para ser o principal projeto da indústria. De acordo com o pulso DeFi, um total de US$ 9,47 bilhões foi trancado no ecossistema DeFi na época da publicação.
A simbologia do bitcoin na rede Ethereum significará um aumento da atividade no sistema Ether, que ultimamente tem sido entupido com altas taxas de transação.
Com menos de 1% já tokenized, onde a capitalização atual do mercado de bitcoin é de cerca de US$214,10 bilhões, o protocolo DeFi em execução no Ethereum para tokenize BTC está definido para se beneficiar muito com isso.
Dados da Defi Pulse indicam que os populares protocolos de tokenization Bitcoin, WrappedBTC (WBTC) e RenVM são o nono e décimo maiores projetos DeFi por fundos bloqueados, com US$ 456 milhões e US$ 227 milhões respectivamente.
A RenVM é apelidada como um produto da Ren, sendo que foi lançada em maio de 2020 para fornecer interoperabilidade para finanças descentralizadas (DeFi). Como resultado, ela permitiria a qualquer um fazer uma ponte sem problemas entre os ativos digitais de e para o ecossistema DeFi.
Basicamente, uma vez que você re-emitida sua bitcoin para a RenVM, ela os detém e, por sua vez, cunhe a Bitcoin como um ERC20 (renBTC) no Ethereum com proporção 1:1. Isto assegura que o renBTC seja sempre apoiado pela mesma quantidade de BTC.
Por outro lado, o WBTC é visto como um token ERC20 que é apoiado 1:1 por bitcoin. Ele foi criado para trazer a enorme liquidez da rede Bitcoin para a rede Ethereum. Para manter o sistema transparente, os usuários podem verificar se o WBTC está totalmente respaldado através de uma prova de reservas na cadeia.
O ecossistema DeFi obteve enormes lucros com muitos detentores de fichas nos últimos meses. Entretanto, alguns atores industriais notáveis, incluindo o CEO da Binance, pensam que a maioria dos projetos da DeFi é uma bolha de égua que está inchando a cada dia e talvez explodindo nos varejistas insuspeitos.
PayPal ha llevado los servicios de pago en línea al siguiente nivel y por lo tanto se está implementando en las criptodivisas también. Si tienes planes de comprar bitcoin, puedes comprar con PayPal sin pensarlo dos veces. Las cuentas de PayPal se utilizan ahora principalmente para comprar bitcoin debido a su red segura para encriptar las transferencias de dinero entre dos partes. Las personas que no conocen la verdadera eficacia de PayPal deben leer este artículo para entender su potencial. Si sólo lo utilizabas para los pagos en línea, ahora puedes comprar bitcoin y también ir a comerciar con PayPal.
En este artículo, conocerán algunas de las buenas razones por las que comprar bitcoin con PayPal es una mejor opción.
Accesibilidad entre pares con los vendedores
Hay muchos mercados diferentes que aceptan PayPal como un método genuino. Puede conectarse con los vendedores o compradores directamente antes de comprar con PayPal. Tiene la oportunidad de hablar con el vendedor en persona o a través del chat para juzgar su credibilidad. También puede comprobar los detalles asociados en su pantalla de operaciones antes de procesar el pago. Además, PayPal también permite autenticaciones de seguridad de dos factores para garantizar los aspectos de privacidad. Después de que el vendedor verifique el pago recibido, el bitcoin se transfiere a la cuenta del comprador. En este proceso completo, PayPal hace que los pagos sean más rápidos y fáciles.
Transacción de un solo toque con PayPal
PayPal ha integrado ahora su función de pago con un solo toque con la que la gente prefiere comprar bitcoins con PayPal. Es necesario configurar la configuración en PayPal antes de ir al mercado para comprar los bitcoins. Una vez que esté listo con la configuración, puede seguir adelante con la función de transacción de un solo toque para comprar bitcoin y otras criptodivisas. Esto hace que la transacción sea más rápida, por lo que tendrá su bitcoin en su cartera en poco tiempo. El vendedor recibirá el pago en su cuenta en poco tiempo, lo que hará que la transferencia de bitcoin sea más rápida.
PayPal tiene una excelente función de protección de reembolso que lo convierte en una plataforma muy relevante para la compra. Si planea comprar con PayPal, debe saber que esta plataforma de pago en línea le reembolsará el pago completo si el vendedor rechaza los términos acordados de transferencia de bitcoin en el intercambio. Entre todos los mercados, PayPal es el único que ofrece tal seguridad y confianza a los usuarios. PayPal no sólo es un método de pago conveniente, sino que también se gana la confianza de la seguridad financiera. Por lo tanto, la gente suele preferir comprar bitcoin usando sólo PayPal.
Todas y cada una de las transacciones que se realizan a través de la cuenta de PayPal están encriptadas. Esto se incrusta en la plataforma con la intención de proteger los datos sensibles de los usuarios. Hay varios mecanismos antifraude incrustados en PayPal que mejoran las medidas de seguridad de los usuarios. Junto con eso, todas las transacciones son monitoreadas 24*7 por PayPal para erradicar todo tipo de actividades fraudulentas. Las personas que prefieren PayPal para comprar bitcoin son conscientes del hecho de que todos los datos sensibles y vulnerables están encriptados y seguros con PayPal.
PayPal es considerablemente una de las plataformas más seguras para comprar monedas de bits. Puede referirse a cualquiera de las plataformas de CFD como eToro para comprar bitcoins. Estas plataformas CFD permiten a PayPal comprar a través de una red segura sin ninguna posibilidad de transacciones fraudulentas. Usted obtiene las especulaciones de precios y el acceso completo a las monedas sin ningún tipo de molestia. La reputación de PayPal se extiende por todo el mundo. Ayuda a las empresas a conectarse, y con la evolución de bitcoin, esta plataforma de pago en línea ha logrado llegar a mercados encriptados para manejar transacciones orientadas a bitcoin también.
Estas son algunas de las ventajas que demuestran la verdadera eficacia de usar PayPal sobre otras plataformas de pago. Si tiene planes de comprar bitcoins, considere PayPal para una transacción segura ya que también obtiene protección para sus fondos. Hay muchas más ventajas intuitivas que obtienes al elegir PayPal para hacer una compra de cripto moneda. Posiblemente sea la mejor opción, ya que la mayoría de los mercados están integrando las opciones de pago de PayPal para satisfacer las diversas necesidades y requisitos de los usuarios.
After seeing its price double during a mind-boggling August, Ethereum lost $ 180 in a few days, a drop of more than 35%, should we be worried about that?
Technical Analysis – After seeing its price double during a mind-boggling August, Ethereum lost $ 180 in a matter of days, a drop of over 35%. Should we worry about it?
On September 1, Crypto Engine set its 2020 price record of the year reaching $ 490 before dropping rapidly to $ 310, during a descent as violent as its ascent.
While the correction that followed this record was sudden and abrupt, this type of correction remains normal in a bull market. All the cryptos have also recorded a difficult start to September, strongly correlated with the fall recorded by the US stock markets during this same period. For now, the trend remains medium term bullish for ETH.
If we look at the short-term behavior of ETH over the past week, we see that the price is in a bullish channel from its lows at $ 310. The price was recently thrown at $ 390 and, at the time of writing, ETH is trading at $ 372.
As long as the price remains above $ 360, the trend remains bullish in the short term . The next resistances are at $ 399 and $ 410.
A downward breakout of oblique support remains to be watched. The following brackets can be found at $ 360 and $ 310. A fall in the price to these levels would not yet call into question the medium-term uptrend.
An important price level to observe in the coming days is therefore the old ETH price record for 2019: the $ 360 zone . This level played a major supporting role throughout August. A maintenance of the price above this level is an important sign and would allow considering a further sharp rise in ETH.
The drop in the price of Ethereum will at least have made a few happy: the protocol users!
After hitting grotesque prices , Ethereum transaction fees have slipped dramatically, dropping nearly 75% from the September 2 highs. However, they are still 4 times more important than at the beginning of the summer and you will need today almost $ 1.60 to carry out a transaction on the network.
Bitcoin er vel den dominerende cryptocurrency i hele det digitale aktivum, men hvor meget af dets dominans er reelt?
Når Bitcoin placeres mod alle andre kryptoaktiver, ligger bitcoin’s dominans på cirka 60 procent. Imidlertid mener mange analytikere, at placering af det mod alle andre mønter eller mønter ikke er helt fair, og at det kun skal placeres mod valutaer, der prøver deres bedste for at være legitime penge eller som arbejder på at erstatte fiat. Indrømmet at dette er tilfældet, ville bitcoin’s dominans bevæge sig op til 80 procent.
Jordan Tuwiner – investoren i Real Bitcoin Dominance Index – antyder, at bitcoin’s markedsdominans skal bestemmes ved at placere det op mod alle andre cryptocurrencies, der er udvindt eller bygget fra bunden. En af de store ting, han foreslår at gøre for at finde frem til et korrekt forhold, er at smide alle valutaer ud, der blev til gennem oprindelige mønt tilbud (ICOs) eller gennem token salg. Dette ville automatisk diskvalificere populære stabile valutaer som Tether i betragtning af, hvor central det er.
Problemet med ICO’er er, at de styres centralt. Lad os sige, at en bitcoin-børs frigiver aktier lovligt gennem et token. Andre dominansindekser vil sandsynligvis medtage det i deres indeks. Hvis ja, hvorfor ikke medtage hele aktiemarkedet? ICO’er eller aktier, der er symboler, prøver ikke at være penge, og bør derfor ikke måles i et dominansindeks med bitcoin… Bitcoin konkurrerer som penge og ikke som en bestand eller et symbol. Stabile mønter, mens de er lettere at overføre end almindelig fiat i en bank, er stadig bare symboler, der støttes af fiat. Mønter, der ikke bruger et bevis på arbejde, kan udvindes eller ikke er knappe, da der ikke kræves noget reelt arbejde for at fremstille dem.
Ved Jordans analyse, skulle Ethereum imidlertid ikke være afskåret af al hensyn? Når alt kommer til alt skete ETH gennem et token-salg, men i dag er det den næststørste cryptocurrency efter markedsværdi og den primære konkurrent til bitcoin.
Ville dette udelukke Ethereum?
Tuwiner fortæller, at hans forskning banede vejen for at inkludere Ethereum af flere grunde, hvoraf den vigtigste var, hvor stor den er blevet. Han nævner:
Der er sandsynligvis hundreder, hvis ikke tusinder af mønter på de fleste dominansindekser, der er kunstigt oppustet … Ingen af de mønter, der er brugt i indekset, er forhåndsudviklet, udover Ethereum. Der var en debat om, hvorvidt Ethereum skulle inkluderes, men vi forlod det i sidste ende, da det er den næststørste mønt og bruges af mennesker som penge. Der er en mulighed for at slå den til eller fra, fordi kryptomiljøet er delt om, hvorvidt Ethereum kan fungere som penge.
Indrømmet Ethereum blev udelukket fra overvejelse, bitcoin’s markedsdominans ville i sidste ende have skudt op til mere end 90 procent i skrivende stund.
For all users inside and outside of the crypto world, Bitcoin is the largest representative of cryptomonies. The first virtual coin, designed by Satoshi Nakamoto eleven years ago, has over the years become the image of Blockchain technology. However, despite the immense increase in its price, BTC has not been the cryptoactive with the best performance. Well, as Altcoin Buzz comments in the Tweet of the Day, BNB has performed better than Bitcoin in recent years:
The advance of BNB and Bitcoin
There has been a lot of progress in the crypto market in recent years, especially when it comes to emblematic cryptosystems such as Bitcoin. It has exponentially increased its price, as well as its market capitalization, to become one of the most quoted financial assets in the world.
However, there is a small group of crypto-currencies within the market, which have managed to outperform Bitcoin Formula in the period from February 2, 2018 to the present. They are constantly increasing their value with respect to BTC, that is, increasing their price in terms of the satoshis needed to buy them.
And within this exclusive group is Binance Coin (BNB). The crypto currency developed by the Binance exchange as the main currency of its Blockchain, Binance Chain. In recent years it has managed to position itself as one of the most important virtual currencies in the world, occupying the number 8 position in the ranking of CoinMarketCap.
„BNB is one of the few currencies that had better performance than Bitcoin in the last years. Binance burned over $60 million in BNB tokens and has some of the most impressive features for any currency“.
Thus, it went from costing only 0.0005 satoshis to its peak at around 0.0045, before being corrected to the current price of 0.0018 satoshis. BNB has shown that it is one of the most important crypt coins of today. It compares well with Bitcoin’s performance.