Category: Cryptocurrency News

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NFA but when you think about it in detail the chance that crypto moon shot gets you where you want to go is unlikely. Sure there might be one or two that rocket and makes your dreams come true. It can happen but its like going to the casino and hitting a jackpot. The sure…
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About this debate on bankless… https://www.youtube.com/watch?v=1m12zgJ42dI It was praised as _the_ best debate about PoW and PoS. Indeed, I did learn some more aspects about the ongoing discussion. ​ But then again… The elephant in the room was only very briefly touched when Justin mentioned (in his closing argument) that PoW comes with "higher" costs…
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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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The Small Cap altcoins index has been outperforming the larger coins’.  As NewsBTC has been reporting, smaller caps have been looking like the best investment in the past months. Now that the larger Caps found relief recording gains once more during March, the Smaller Cap is still crushing the numbers. Small Caps Outperforming According to data from the latest Weekly Report from Arcane Research, the whole crypto market has seen relief during March. However, even with recent gains, the Small Cap Index still has completely outperformed the other indexes. As seen in the chart below, Bitcoin, the Large Cap, and Mid Cap indexes have all seen relevant gains during March in the 8-11% increase range. But compared to the Small Cap Index, the larger indexes are lagging behind its massive 40% gains. The massive gains have a few lead characters. Primarily, the Waves token is outshining all top 50 coins by market cap. It has seen surprising growth in the past month with a 300% increase in price. Why Is The Waves Token Outperforming? Waves is a global open-source platform for decentralized applications. Their native token just rallied 50% in 24 hours, which might have been a result of the Wave Labs launch, a U.S. venture that intends to headquarters in Miami. As the data points out, the token came out of the past week as the best performer of all top 50 coins by market cap. As per Wave Labs press release, the venture aims to integrate Waves with leading blockchain protocols, form an Ecosystem fund, support projects building on Waves, and other strategic international plans aimed to become the “growth engine for the Waves ecosystem” so it can reach mass adoption. “With the founding of Waves Labs, the ecosystem fund, and the extremely talented team in place, I do not doubt that Waves will reach mass adoption in 2022 and beyond,” says Sasha Ivanov, Founder of Waves. The Waves 2.0, the new version of Waves Consensus based on Practical Proof-of-Stake Sharding (PPOSS), has been gaining new attention as it promises a “highly scalable and EVM-compatible network” set to start this spring. Still unknown in the U.S. compared to other Small Cap altcoins, Waves has a lot of room to grow into. This incentivizes investors as they might see a potential for the digital asset to deliver larger returns. Even though smaller coins and projects are riskier and more likely to fail, their higher volatility and size can also mean that they can grow exponentially and show greater returns than much larger coins like Bitcoin and Ethereum over the same period of time. Plus, the communities that are formed around Small Cap altcoins projects are often committed to its trajectory and seeing a boost in the price. However, even though they can turn into greater returns, smaller altcoins can also crash the hardest. Related Reading | Small Cap Altcoins Continue To March Ahead Of Bitcoin And Ether Gains More on the Waves token, the pair WAVESBTC just hit a new high, breaking through previous peaks. Traders have been long expecting an ‘alt season’ to happen soon and Waves’ movements could be seen as a bullish sign. Is Altcoins Season Around The Corner? Many investors have been expecting an altcoin season to happen this year. This dominance of altcoins over Bitcoin could happen after a BTC bull run as other digital tokens make breakthroughs and gain dominance over the market. Bitcoin seems to be making big moves this week as it broke its 3-month consolidation. A bullish ascending triangle pattern is on the lookout along with a possible around-$51k target. In the crypto market, coins usually follow other coins’ moves. This means that Ethereum can follow Bitcoin’s price movements, and then other altcoins as well. It can be similar for the smaller coins. If some altcoins are greatly outperforming, others can follow. The movement in question seems to be whether BTC can truly go above its $48k latest high. And as the report noted “the bitcoin dominance has been sitting at its highest levels since November,” and the time for altcoins might be around the corner if optimistic market sentiment continues. Related Reading | Bitcoin Dominates Altcoins During War-Torn Month Of February  

Will the network still be using the burn mechanism introduced by EIP 1559? If so will the "Tips" and block subsidiaries just go to the validators instead? submitted by /u/hhleroy [link] [comments]

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the U.S. dollar is “about to implode.” Among the investments he suggested are cryptocurrencies bitcoin, ethereum, and solana. Robert Kiyosaki Foresees Dollar Imploding, Blames Biden for Inflation The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with […]

Ethereum holders have been filling up their bags while the broader market had panicked through the dip it seems. The digital asset which had suffered from crashes and dips that had hit the market had seen its value fall as low as $2,500. However, these ‘diamond hands’ holders had remained unfazed given that data showed that they continued to accumulate ETH tokens all through the market dip. Ethereum Holders Load Up Ethereum holders, especially those who have held for longer, are more likely to add coins to their holdings while the market is in a downtrend. This was the case during the last downtrend given that these holders had continuously added to their bags this time around. In the more than three months that Ethereum saw its value continue to decline, these investors just continued to purchase ETH. Related Reading | Research Explains Bitcoin Mining Could Be Helpful For US Energy Independence Data from IntoTheBlock showed that long-term holders of the digital asset had purchased more than 4 million ETH during this time. The whole lot came out to a total of about $12 billion that these holders had picked up. In the report, it is noted that these were holders that had previously held their ETH tokens for more than a year. With each dip, these investors had accumulated more tokens, successfully pushing their collective holdings to a new yearly high. Although the amount held by these wallets has dropped in the past few days, they still hold the majority of the supply. A total of 59% of all ETH supply are held by wallets that have had their tokens for more than a year. What Is Driving This? One of the most obvious reasons that have sparked renewed interest in Ethereum ownership has been the “Merge”. This important upgrade is expected to take place sometime this year and will completely change the way the Ethereum network currently operates. Moving from proof of work to proof of stake, the network will not only become safer and more scalable, but it will significantly cut down the amount of energy that is required to carry out mining activities on the network. This will drastically reduce the carbon footprint of the network. ETH price breaks above $3,400 | Source: ETHUSD on TradingView.com As the Merge draws near, more investors are filling up their bags in wait for what is expected to be an inevitable uptick in the value of the digital asset. Related Reading | Bitcoin Helps Market Hover Past $2 Trillion As BTC Nears $48,000 Ethereum has now been on an uptrend since this week, meaning the investors who purchased tokens during the downtrend are now in profit. Investor sentiment towards the upcoming merge has grown increasingly positive. Featured image from EU Reporter, chart from TradingView.com