Category: Cryptocurrency News

Ethereum has been one of the greatest performers among the leading crypto currencies in 2021, with a price increase of about 330 percent over the course of the year. However, after hitting a new high of $4,847 in early November 2021, the price of ETH plummeted by more than 70% in January 2022. Ethereum Poised For $7k? While ETH’s great ROI and strong trajectory led to a lot of high price projections for the coin’s future, many of those were invalidated by the recent downturn. On January 24, prospects of a huge rise to a new ATH seemed to disappear when the overall crypto market crashed under the $1.5 trillion barrier. Nonetheless, given Finder’s projection of an Ethereum year-end price close above $7000, these hopes were reignited recently. Starting this year, Ethereum’s price, like the rest of the crypto market, appeared to be on its knees, with lows at $3673. For the time being, Ethereum’s 2022 trajectory appears to be primarily bearish, with the asset now trading at $2,919 at press time. ETH/USD trades at $2,900. Source: TradingView Despite the recent drop, Ethereum’s price is predicted to hit $7,609 this year, according to Australian fintech Finder’s panel of 33 crypto experts, before ending the year at approximately $6,500. Intriguingly, the firm’s recent estimates for 2025 and 2030 were 30% and 48% lower, respectively, than its predictions from October last year. ETH price prediction. Source: Finder In addition, the panel anticipated that Ethereum’s price will reach $10,810 by the end of 2025 and $26,338 by the end of 2030 in the long run. Furthermore, 79% of the panelists feel that Ethereum’s transition to a proof-of-stake (PoS) model would result in a price gain, while 11% believe that it will result in a price decline due to persistently high gas fees and scalability difficulties. Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies ETH Price Direction The Finder panel seems to be bullish on ETH’s worth, and if the above prediction comes true, ETH’s value will have increased by almost 100% by the end of the year. Longforecast data, on the other hand, predicted a price of $2721 in December 2022, which was far too low. This may be due to ETH’s short-term performance and high correlation with BTC, which has caused ETH to fall when BTC falls. While the price of ETH was down 5% for the week at the time of publication, the price of BTC was only down 2%. For the time being, with ETH’s trajectory still looking uncertain, it appears that the price of the cryptocurrency may continue to consolidate in the short run. However, given Ethereum’s network growth, the $7K price projection does not appear to be far-fetched. The long-term growth of Ethereum appears to be unaffected as the hash rate continues to rise, reaching new all-time highs, a startling 240% growth since the beginning of 2021. Related Reading | Thailand Government Disperses Confusion Surrounding Cryptocurrency Taxation Featured image from Pixabay, chart from Tradingview.com, Finder

Altcoins have been closely following the movement of bitcoin over the last few weeks but this is no surprise. However, there are times when these altcoins are able to break out of the shadow of the pioneer cryptocurrency and make out a rally for themselves. This is referred to as altcoin season. But while the crypto market waits for this to begin, an analyst has mapped out two assets that may see major upside in the coming days. Two Altcoins Are Ready A crypto market strategist has put forward two altcoins that they believe are headed for a rally. Credible, a pseudonymous analyst with over 300K followers on Twitter, laid out their analysis for the digital assets. These assets are Ripple (XRP) and Hedera Hashgraph (HBAR), a DeFi token that has been making the rounds in the space. Relaed Reading | Maximize Your Crypto Holdings With High Yield Farming On BNB100X Ripple (XRP) is just coming out of its legal battle with the SEC, and although it is still ongoing, the altcoin has begun to find its footing outside of the scandal. It trended low for the longest time, causing investors to believe that the cryptocurrency may be headed for death. But it has proved everyone wrong as it has once again begun to rally towards $1, even though it hasn’t quite made it yet. XRP recovers to $0.8 | Source: XRPUSD on TradingView.com For what will push the digital asset above the coveted $1 mark, Credible explains that a bounce is imminent once the cryptocurrency forms the expected bottom. At which point, it will continue upward to $1. XRP getting ready for bounce | Source: Twitter “We are now right in my area of interest,” Credible said. “Might head a few cents lower than where we are now but as per my last tweet, I expect we form a bottom/higher low in this region and continue up. XRP.” Relaed Reading | Intel Announces Mining Chips’ First Clients: BLOCK, Argo Blockchain, and GRIID For the second altcoin, HBAR, a similar bullish outlook is shared by the analyst. Pointing to the recent pullback experienced by the digital asset, they explained that the asset will need to reclaim the region marked in the chart in order to finally confirm a bottom. Furthermore, Credible said that they “would like to see us hold the $0.22-$0.23 region and then make another attempt at reclaiming the weekly supply.” HBAR trending at bottom point | Source: Twitter XRP is still trending around $0.7, not showing much momentum but pointing towards the fact that the bottom may have been reached. If this is the case, then Credibe’s plan for a bounce towards $1 could have some merit. As for HBAR, it is still trending low at $0.22, around the daily support proposed by Credible. This could serve as a bounce point for upward movement but if it does break below this point, then the downtrend may yet continue. Featured image from Investopedia, chart from TradingView.com

Rabi Sankar has taken a strong stance against cryptocurrency citing a “destabilizing effect” it may have on the country’s fiat currency.

The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB explained. Digital Euro to Complement […]

L2 should inherit L1 security, but is it possible for these L2s to have a crictical smart contract bug that can be exploited and allow hackers to steal user funds? submitted by /u/banaanigasuki [link] [comments]

This is in reference about this post which is trending pretty hard right now – looking through the comment section I see that a terrible amount of people did NOT read the article and also not noticed the quotation marks around "Ether" – even though the headline is still a misleading in my opinion. To…
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The site of IPFS https://ipfs.io/ has been unreachable for a few days now, giving me a DNS error. Does this mean the network itself is unavailable? Because that would explain why my app throws the error*ERR_NAME_NOT_RESOLVED** Anyone have any ideas? submitted by /u/knacker123 [link] [comments]

submitted by /u/Clean_Eyes [link] [comments]

Welcome to the Daily Discussion. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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So not sure exactly when this was released, but Coinbase original flavor now has advanced trading with market and limit buys. Checking out the fees on Pro and the regular site, they seem to be completely identical. I'm not sure if there is anything I am currently overlooking, but from what I can tell, you…
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