Category: Cryptocurrency News

Cryptocurrency volatility is one of the obstacles to its wider adoption. Blockchain technologies provide benefits such as transparency, data immutability, and proven security of financial operations. Yet, it is harder than fiat currencies to predict how the market will behave, or forecast the value of a digital currency. This hinders using cryptocurrencies as accounting and…
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As Bitcoin shows bearish signs, on-chain activity suggests Ethereum could be on the way to reach its all-time-high before BTC. Ethereum To Reach Its All-Time-High Price Earlier Than Bitcoin? As pointed out by CryptoQuant CEO Ki Young Ju in a post, indicators could suggest ETH will reach its ATH quicker than BTC in the long term. The exchange netflow is an indicator that depends on two metrics: the inflow and the outflow. The former is the total amount of the asset moving from personal wallets to exchanges. While the latter is just the opposite; it’s the total amount of Ethereum (or Bitcoin) exiting exchange wallets. When the value of the inflow goes up, it means more crypto is being sent to exchanges for selling or altcoin purchasing purposes. On the other hand, when the outflow indicator shows an uptick, it implies more investors are interested in hodling their coins, or perhaps selling them through OTC deals. Related Reading | Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again The netflow metric for Bitcoin or Ethereum is just the difference of the above two indicators. A positive value shows inflows are overwhelming outflows, thus possibly indicating that there is a selling pressure in the market. Similarly, a negative netflow value may imply there is a buying pressure in the market as the outflows are more than the inflows. Now, here is how the 30-day moving average (MA) netflow looks like for Ethereum over the the past year: Ethereum shows big negative spikes in recent months | Source: CryptoQuant As the above graph displays, ETH has seen many big negative spikes recently. This means there is a buying pressure in the market as many investors are withdrawing their crypto from exchanges and storing in personal wallets. This shows that due to the high demand and low supply, the ETH sell-side liquidity crisis continues to intensify. Such an environment could help drive the price up long term. Related Reading | Bitcoin Whales Looking To Buy The Dip As $222 Million Worth Of Stablecoins Flow Into Exchanges BTC, however, doesn’t look to be as fortunate. The exchange reserves, an indicator that shows the total amount of coins in exchange wallets, stopped the downtrend back in May. This means exchanges are still receiving a significant amount of coins for selling purposes. On top of that, the current price of ETH is closer to the ATH than BTC’s. So, looking at the bigger picture, Ethereum may reach its ATH faster than Bitcoin in the long term. ETH Price At the time of writing, Ethereum’s price floats around $3k, down almost 6% in the last 7 days. The below chart helps showcase the trends in the price of the cryptocurrency over the past three months: ETH crashes down 6% in the last 24 hours | Source: ETHUSD on TradingView Featured image from Unsplash.com, charts from CryptoQuant.com, TradingView.com

According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes.

Does anyone know if Etherum is working with the creators of Roblox to get their currency put onto the game? I feel like this would be an amazing approach to get gets 1. Interested in Cryptocurrency 2. Understand fluxations in markets 3. Gives Roblox a huge marketing push. It can be done I know it…
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Really interesting interview from Justin Drake on the Unchained Podcast: https://unchainedpodcast.com/is-eth-on-its-way-to-becoming-ultra-sound-money-yes-says-justin-drake/ Tl;dr: He discusses how Bitcoin’s path of reducing issuance over time until the blockchain is solely relying on transaction fees will a) dramatically reduce the security provided by PoW and b) incentivize movement of BTC the asset to bridge over to other Layer 1s…
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In the crypto market, it’s often the early bird that gets the worm. Here’s how two quant-style indicators flashed a bullish signal for FIL and NEAR.

Marcus shares his honest thoughts on the crypto market, as well as declaring that Novi is ready to launch.