Analysis

Fundamentals and correlation models show that Bitcoin is undervalued
Analysis, Bitcoin, Price Analysis - Top 10 Crypto

Fundamentals and correlation models show that Bitcoin is undervalued

Chamber of Digital Commerce chief executive Perianne Boring told CNBC yesterday that correlation models suggest Bitcoin's actual value is between $50k and $100k Founder and president of the Chamber of Digital Commerce, Perianne Boring, is the latest figure to assert that Bitcoin is currently undervalued, despite the volatility in crypto markets. During a CNBC Squawk Box Monday interview, Perianne advised investors to focus on Bitcoin's underlying value rather than its price position. Several factors back her postulation Perianne said that the fundamentals of Bitcoin are showing real strength, and this is evidence that the asset is inaccurately valued. She pointed out that Bitcoin is currently growing at a higher rate than other technology elements – the internet during the later 90s and ea...
Bitcoin and Ethereum selloffs are coming to an end soon, says Mad Money’s Jim Cramer
Analysis, Bitcoin, Price Analysis - Top 10 Crypto

Bitcoin and Ethereum selloffs are coming to an end soon, says Mad Money’s Jim Cramer

Cramer suggested that Bitcoin could see a recovery like last year's – a rally that pushed Bitcoin north to the November all-time high  In a recent instalment of the Mad Money show, CNBC's Jim Cramer analysed the markets, as predicted by Tom DeMark. Creator of the Symbolik financial markets analysis tool, Tom DeMark is not just any other head in market matters. With a long-running career in objective and mechanically-driven market indicators, he is credited with several past accurate predictions in the crypto market. Bitcoin and Ethereum set to embark on an uptrend Jim Cramer told viewers that the two leading crypto-assets, Bitcoin and Ethereum, could hit a trend exhaustion bottom this week. After days of massive selloffs that pushed markets to seek lower prices, Cramer predicted that ...
Here’s how to keep your crypto safe
Analysis

Here’s how to keep your crypto safe

“When the mafia kidnapped me, I had the choice to pay the ransom in either fiat money or Bitcoin. I did not hesitate before choosing the latter. Had I picked the first option, the criminals would have held me in a dark, damp cell for days in the Pacific Islands until the funds went through KYC, identity check, or, God forbid, the bank placed a hold on the funds. But after I paid, I was let go instantly. Who knew the network’s 10-minute transaction time and cross-border anonymity could be such a lifesaver?”— Dr. AnonAccording to a recent report compiled by Chainalysis, the intersection between cryptocurrency and crime has grown to become a $14 billion industry in 2021. Regrettably, societies worldwide are far from perfect, and the rapid rise in the market capitalization of digital currencie...
Top 5 NFT tokens in 2022 to watch out for
Analysis, Price Analysis - Top 10 Crypto

Top 5 NFT tokens in 2022 to watch out for

Non-fungible tokens (NFTs) have taken the crypto world by storm and have seen a tremendous level of growth throughout 2021. Due to this high level of success, a variety of different collection-based projects or limited-run projects arose, which essentially limited the collection of NFTs within their respective platform to a specific number. For example, there can only ever be 10,000 CryptoPunks that can ever exist, and this scarcity is what leads to their value. Many other NFT projects and NFTs, as a result, have found their way into Metaverse projects, which lead to their eventual increase in utility. Ultimately, all of this has contributed to the growth of both the industry as well as the tokens in question. As the NFT industry evolves, there will be a consistent stream of new projects a...
Law Decoded: When central banks seek public discussion, Jan. 17–24
Analysis

Law Decoded: When central banks seek public discussion, Jan. 17–24

Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” which summarizes years of the Fed’s research on CBDCs. Meanwhile, the Central Bank of Russia released a report that called for a blanket ban on domestic cryptocurrency operations and mining. Both documents are framed as an invitation for public discussion, but the kinds of discussions that they will trigger are likely to be very different.Below is the concise version of the latest “Law Decoded” newsletter. For the full breakdown of policy developments over the last week, register for the full newsletter bel...
ETH, ADA and SOL are the top 3 smart contract tokens you can buy on January 24, 2022
Analysis, Price Analysis - Top 10 Crypto

ETH, ADA and SOL are the top 3 smart contract tokens you can buy on January 24, 2022

Ethereum (ETH), Cardano (ADA), and Solana (SOL) are all projects that enable smart contracts. Each of them has potential for growth in the upcoming months. Each blockchain network and ecosystem provides many benefits to dApp developers. Ethereum (ETH), Cardano (ADA), and Solana (SOL) are all tokens that enable smart contract functionality. This enables decentralized application (dApp) developers to truly build scalable dApps and has contributed to the growth of the dApp ecosystem of each blockchain network. These are the top 3 tokens you can buy on January 24, 2022. Should you buy Ethereum (ETH)? On January 24, 2022, Ethereum (ETH) had a value of $2,190.81. In order for us to see what this value point means for the ETH token, we will go over its all-time high value as well as its ...
Indonesia’s crypto industry in 2021: A kaleidoscope
Analysis

Indonesia’s crypto industry in 2021: A kaleidoscope

In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by the United States with 27 million users and Russia with 17 million users.According to data from Triple A, Indonesia has the seventh-largest crypto user base, below Brazil and Pakistan. It is estimated that there are 7.2 million Indonesians who own cryptocurrencies, while according to the Indonesian Blockchain Association, as of July 2021, the number of crypto owners in Indonesia is 7.4 million people, an increase of 85% from 2020. This number is significantly more than the number of stock investors in Indones...
Blockchain metaverse ecosystems gain traction as brands create digital experiences
Analysis

Blockchain metaverse ecosystems gain traction as brands create digital experiences

Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online. While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the case, as a handful of businesses including Nike and Walmart have begun exploring consumer experiences in metaverse environments. NFT utility for brands launching in the MetaverseTo understand how and why brands are leveraging the Metaverse, it’s key to point out the role that NFTs, or nonfungible tokens, play within these ecosystems. While the year 2021 saw an influx of NFTs, the rise of the Metaverse is predicted to...
Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce
Altcoins, Analysis, Bitcoin

Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce

Solana (SOL) price may fall to $70 a token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline.The chart below shows that SOL price rallied to nearly $217 in September 2021, dropped to a support level near $134 and then moved to establish a new record high of $260 in November 2021. Earlier this week, the price fell back to test the same $134-support level before breaking to a 2022 low at $87.73.SOL/USD weekly price chart featuring head and shoulders setup. Source: TradingViewThis phase of price action appears to have formed a head and shoulders setup, a bearish reversal pattern containing three consecutive peaks, with the middle one around $257 (called the "head") coming out to be higher than the other two around t...
Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22
Analysis

Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekNFT-focused Animoca Brands valued at $5B following $358M raiseNFT and virtual property-focused firm Animoca Brands secured $358 million worth of funding earlier this week at a valuation of $5 billion. The company said the fresh funds will go towards financing strategic acquisitions and investments, product development, and IP accumulation. The firm has gone from strength to strength over the past 12 months, raising more than $216 million in 2021, while its valuation has more than doubled since its previous ...