Author: dfmines

PlanB, the popularizer behind the Bitcoin S2F method, says the model predicts BTC will break $100k by this Christmas. The Bitcoin Stock-To-Flow Model According to PlanB on Twitter, the BTC stock-to-flow (or S2F in short) model predicts that the cryptocurrency is on its way to break $100k by Christmas. The S2F model is a method to predict the price of an asset based on the ratio of the stock (supply) to the flow (annual production). PlanB is commonly known as the originator of the model, which is, however, not true. The method was already used for other assets like gold or silver before the analyst only popularized it for Bitcoin. The S2F value of an asset can show how scarce the commodity is. The model uses a formula to relate that value with the price of the asset, which in this case is BTC. Related Reading | Ethereum Issuance Drops Below Bitcoin’s For the First Time, Why This May Lead to a New Rally Now, here is a chart that shows the trend of BTC’s price vs what’s predicted by the model: Along with the S2F model, the Time Model is also depicted | Source: PlanB As the above graph shows, the Bitcoin price as predicted by the model seems to be remarkably close to the real thing so far. There are a few points of deviation, but the overall trend seems to be quite similar. Now, if the price follows the pattern going forward, BTC’s value should go up soon, reaching over $100k by Christmas. Related Reading | Stablecoins Reserve Hits A New ATH, What Does It Mean For Bitcoin’s Price? Besides the S2F model, there is also the curve for the Time Model in the chart. This “Time Model” is a method that takes into account diminishing returns and lengthening cycles while predicting the price. According to this other model, the price should be around $30k by Christmas. PlanB, however, believes that this method underestimates Bitcoin’s value, and the S2F model is more accurate. BTC’s Price At the time of writing, Bitcoin’s price floats around $47.8k, down 4% in the last 7 days. Over the past month, the cryptocurrency has increased 14% in price. The below chart shows the trend in the coin’s value over the last three months. BTC’s price catches a downtrend | Source: BTCUSD on TradingView After breaking above the $49k price mark again yesterday, Bitcoin has started to sharply fall down. It looks like the cryptocurrency is in a range market right now as the coin’s price continues to swing between $45k-$50k. It’s unclear where BTC might head next, but if the S2F model holds any weight, the crypto might be moving big soon in order to reach $100k by Christmas. Featured image from Unsplash.com, charts from PlanBTC.com, TradingView.com

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Today, a consortium of Ethereum-based decentralized finance (DeFi) protocols and projects announced DeFi for the People, a collaboration of crypto organizations united by a common goal: bringing DeFi to the 6 billion smartphone users around the world. Built on Celo, the new initiative counts Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, and Moola Market…
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Earlier this year I sold all my other investments to go all in on Bitcoin because I was told this is a volatile market and I won't have to wait long for good returns. I just looked at the price and its still at $48,000. That thing hasn't moved in over 6 months. Has Satoshi…
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https://bobosandwojaks.com/6-of-ethereum-is-now-staked-in-ethereum-2-0/ The Ethereum network recently passed a new staking milestone. On August 17, the Ethereum 2.0 staking contract surpassed Wrapped Ether as the single largest holder of Ether (ETH) (WETH). submitted by /u/KarmaEnlightened [link] [comments]

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, […]

Renowned developer Andre Cronje has revealed a new partnership with Eden Network that will benefit Keep3r users. As part of the strategic partnership, according to a post written by Cronje, Keep3r Network has acquired 602,409 EDEN tokens. Eden Network, previously ArcherDAO, is a transaction ordering protocol that protects its users from “arbitrary reordering” while making transactions on Ethereum. In other words, users are protected from transaction frontrunning by sending transactions via the Eden Network. The protocol is optional and non-consensus breaking, their official website claims, and offers a “fair set of rules to order transactions within each block”. In addition, it has a reward system to realized Miner Extractable Value (MEV) profits. The acquisition of the EDEN tokens guarantees that Keep3r Network has “probabilistic certainty” to become a Slot Tenant on Eden Network. Gmi🥳 @AndreCronjeTech + @thekeep3r invest in the Eden edge 🍃. We love this 2x:– @thekeep3r making a large investment in their platform performance for the benefit of their users😍– A strategic partner and guide that continues to help us to develop our product for ETH users🤓 https://t.co/ZKYyghF7lH — Eden Network Formerly Archer_DAO (@EdenNetwork) August 27, 2021 This will grant premium blockspace to Keep3r effectively allowing to “own a slice of every block” and have priority to insert transactions, benefit from private transactions, users will receive better prices to transact on Ethereum, and thus Keep3r will increase its adoption levels. To access these benefits, a person needs to leverage the kp3r proxy, the post clarified. Andre Cronje said the following on Keep3r Network’s new collaboration: This is valuable for Keep3r as we can protect keepers & jobs from frontrunning while having priority access to block space. Over half of Ethereum hashpower is on the Eden Network. Eden Network Contributes To Solve Ethereum’s High Fees Problem? As NewsBTC has reported on several occasions, high transactions fees have become a major issue for the Ethereum ecosystem. Thus, solutions emerged from many sectors, such as the series of tools developed by Flashbots, Eden Network and its user focus MEV approach, L2 scaling solutions like Optimist Rollout, and others. Ethereum is the epicenter of some of the hottest trends in the crypto industry, from DeFi to Non-fungible tokens (NFTs), and on-chain gaming. To trade or interact with a smart contract, a transaction must be triggered. Cronje, known as the developer behind Yearn Finance, and for his motto “I test in prod”, seems to acknowledge the importance of integrating Keep3r with solutions that mitigate the high fee issue. The main objective is to protect users, but also to encourage them to use Ethereum and prevented them from migrating to alternatives. In the past weeks, Ethereum competitors and their ecosystem have been thriving on the back of the high costs to operate on its network. Recently, Solana and Cardano reached new highs with massive rallies that have gone, at some point, against the general trend in the market. In the short term, Eden could gain more relevance as other projects will prioritize the preservation of their user base amidst the current congestion of the Ethereum network. The team behind Eden Network told NewsBTC the following on their collaboration: This partnership demonstrates the value that blue chip DeFi projects are finding in Eden Network’s priority protocol. In the near term, we plan to continue to expand access and awareness of Eden Network to traders, who currently are being quietly exploited by malicious MEV bots on the order of several millions of dollars per week. Taking advantage of Eden Network is low-hanging fruit that offers a lot of advantages. At the time of writing, ETH trades at $3,225 with sideways movement coming out of the weekend.

Newly launched incentive programs and protocol upgrades were followed by 50% rallies in CELO, FTM and KP3R.

Billionaires used to be these magical mythical beings. Then Twitter came along. And we know now, they are just humans who have made a couple of good decisions. Never revere any single person. Much less a guy with a lot of money. He might have just been reckless enough to take a risk at the…
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