Category: Cryptocurrency News

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Cardano has been in the middle of some major FUDs these past weeks and this has not been good for the value of the digital asset. Numerous negative news circulated around the asset, the most prominent being the delisting of ADA for U.S. users from the eToro crypto exchange. Since then, the altcoin has suffered massive dips that have sent the price of the digital asset towards three-month lows. Related Reading | Cardano Founder Addresses Liquidity Concerns Over eToro Delisting Although news of the delisting is a week out, the FUD surrounding the project has not subsided. This has prompted a Cardano ambassador to take action and has led to a run-down of why the FUD around the digital asset has refused to die out. Cardano Is A Legitimate Alternative To Ethereum The Cardano ambassador took to Twitter to address all of the FUDs that have been circling the altcoin in recent weeks. For one, they explain that most of it have been because Cardano presented the only legitimate alternative to the leading smart contracts platform, Ethereum. This leans into the fact that Cardano has often been proposed as an “Ethereum killer” after smart contracts capability has debuted on the blockchain. They pointed to the network activity that showed that Cardano’s activity has consistently been on the rise in the past few weeks. While Ethereum had maintained momentum in the same time period, Cardano had spiked significantly, pointing to increased adoption. Yet, the market continued to treat the digital asset like it is a failing project. Furthermore, Cardano had recorded such heavy spikes in network activity despite still being a bit away from the first decentralized exchanges launching on the network. Right now, NFTs are the only avenue with which both blockchains compete and Cardano has already recorded more activity. Cardano network activity spikes above Ethereum | Source: Twitter The ambassador closed out the Twitter thread by saying pointing out that the network has not really been given any benefit of the doubt since it launched. Nevertheless, the project has proved the market wrong and will continue to do so. We have never been given the benefit of the doubt by the industry. We were told we could never do PoS and our consensus will never work – we proved them wrong. Now we are told our ecosystem will not have any worthwhile dapps and we will prove them wrong again. — Southrye – (₳) (@Southrye) November 28, 2021 ADA continues to suffer dips | Source: ADAUSD on TradingView.com ADA Struggles Against FUD The impact of all the FUD that has been circling the project has shone through in the price of ADA. The digital asset had dipped below $1.5 for the first time in three months and had touched the low $1.4 before recovery back up again. All progress that Cardano had made during this period had been buried underneath the FUD and panic among investors as sell-offs continued. Related Reading | Cardano Active Addresses Shoots To New Highs Amid Downtrend Despite this, the asset has not lacked support from its community. Taking to Twitter, others expressed their outlook for the future of the cryptocurrency. Choosing to focus instead on the potential of the blockchain instead of the current situation. $ADA can be more scalable than #ETH. #Cardano uses a fraction of the energy of $BTC & $ETH. Ether’s fees are high & #ADA is a strong competitor. $ADA's scarcity of 45B coins will lead to an increase in value & demand, and will also provide banking services to the Worlds unbanked — Andrew | Investing, Stocks & Crypto (@FluentInFinance) November 28, 2021 Cardano founder Charles Hoskinson also took time out to approve of the message being passed. The founder tweeted that others were terrified of Cardano due to being a self-sustaining project that doesn’t need outside help to grow. And they are terrified because there doesn't need to be some magical Cardano 2 to survive. It's a future proof design and we are systematically building towards it together with the strongest and most engaged community brick by brick https://t.co/JDOKhAwrZA — Charles Hoskinson (@IOHK_Charles) November 28, 2021 Featured image from Bitcoin News, chart from TradingView.com

It makes me cringe when these self-proclaimed crypto critics on Reddit want to teach how Ethereum works when the god damn genius Vitalik himself who invented the actual platform disagrees with them. In a recent comment of his, he mentioned that even with the roll out of ETH 2.0, Polygon would still be heavily relied…
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Ethereum price appears en-route to a new all-time high, but data shows retail and pro investors are slightly skeptical about the current rally.

As institutions, corporations, countries, and more buy into Bitcoin, the cryptocurrency is beginning to transition from a speculative asset to a macro financial asset much like gold, oil, and others. But before that happens, the top cryptocurrency by market cap is mimicking Jesse Livermore’s “speculative chart” with incredible accuracy and precision. If this rare chart pattern referred to as a Livermore Accumulation Cylinder continues to play out, the Bitcoin bull cycle is about to come to a dramatic climax. We’re also taking a deep dive into the legendary life and untimely death of Jesse Livermore himself. Speculative Chart: Bitcoin Price Pattern Matches Livermore Accumulation Cylinder Bitcoin price action has been up and down – literally and figuratively. After setting a new all-time high, rather than blasting off to $100,000 or more where the bull market is projected to end, the cryptocurrency fell back to retest lows around $53,000. The gyrating price action has put the king of cryptocurrencies into a wedge-like pattern with a broadening mouth. It also closely mimics that of a Livermore Accumulation Cylinder. The 2021 BTC bull cycle  | Source: BTCUSD on TradingView.com The chart above layers BTC price action since the April high was put in through today. If the pattern is valid, an enormous amount of speculative volume could suddenly appear, pushing Bitcoin and other cryptocurrencies to more dramatic highs, and likely the climax of the current market cycle. Related Reading | Finding Fibonacci: Is Bitcoin Beginning A “Golden” Recovery? Before you write off “Livermore’s Speculative Chart,” juxtaposing the 2017 bull run over the same cylindrical price action below follows the rest of the pattern – even going full parabolic the moment the eight phase of the chart takes place. At nine, the rally is nearly out of steam, and at ten, things begin to teeter bearish. The 2017 BTC bull cycle  | Source: BTCUSD on TradingView.com Who Was Jesse Livermore: Reminiscing Over A Legendary Stock Operator But who was Jesse Lauriston Livermore and why should be believe his chart pattern might still work today – some 80 years after his death? According to Wikipedia, Livermore is a “pioneer of day trading.” “In a time when accurate financial statements were rarely published, getting current stock quotes required a large operation, and market manipulation was rampant, Livermore used what is now known as technical analysis as the basis for his trades. His principles, including the effects of emotion on trading, continue to be studied.” Livermore’s short position ahead of the Wall Street collapse of 1929 was legendary, earning him the title the “greatest trader to ever live.”  His legend doesn’t end as a happy one, however. Nor does it begin that way. He grew up in Massachusetts, forced out of school by his own father. With his mother’s support, he ran away.  At age 14, he worked as a board boy posting quotes at a Boston-based brokerage. By age 20, he had made 1,000% ROI and was banned from nearly every Boston-area bucket shop due to his significant and regular winnings. Livermore was forced to wear disguises and take on fake names to continue to trade. Livermore later was the basis for the main character of the best-selling book by Edwin Lefèvre, Reminiscences of a Stock Operator. Related Reading | Want To Learn Technical Analysis? Read The NewsBTC Trading Course During the panic of 1907, his short positions earned him more than $1 million in a single-day.  His mentor at the time, J. P. Morgan, plead with Livermore to stop short-selling – to which he agreed, and instead profited from the rebound. He earned the reputation as the “Great Bear of Wall Street” and was personally blamed for the crash – even receiving death threats and needing to hired armed bodyguards. Back then, this sort of wealth was rare. Livermore owned a $200,000 yacht, for example. But following this 1929 stock market crash, Livermore’s mental health deteriorated.  His wife had shot his son, but not fatally; he had an ongoing lawsuit from a Russian mistress; and several bankruptcies. In 1934 the United States SEC imposed new rules that supposedly impacted Livermore’s trading and he lost his entire fortune. He died on November 28, 1940 from a self-inflicted fatal gunshot wound leaving a handwritten note to his wife apologizing. His son, Jesse Jr. also died by tragic suicide, as did his grandson. All roads lead to this. #Bitcoin pic.twitter.com/DAMANCCtHi — Tony “The Bull” Spilotro (@tonyspilotroBTC) November 30, 2021 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

PRESS RELEASE. Amsterdam, the Netherlands, 29th of November, 2021: TabTrader is excited to announce the launch of our own token (TTT) on Solanium and AcceleRaytor on December 1 🚀, aspiring to be the ‘ultimate trading terminal’; we are now on the way to drastically expand. DeFi is the future and TabTrader 2.0 makes sure to […]

The company projects it can mine up to 25,000 BTC per year by 2024.

I've been doing this strategy for a few months now and so far and man…it's working like a swiss watch. Remember the hard ADA shill when it was closing on $3? Mega shills all around, ADA is best, ADA is life, buy before it goes to $5. Then it was LINK mega shill when it…
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I don't see a lot of people talking about what they are going to do when 2.0 drops. I get that this is still due to speculations, but if you haven't staked your ETH yet, why? If you have staked it to 2.0, again, why? What's your worse case scenario and what solutions are you…
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After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose acquisition company (SPAC) deal. Griid will be listed on the New York Stock Exchange (NYSE) after merging with the company Adit Edtech. Griid to Go […]