Yearly Archives: 2020

5 Reasons Ethereum Is Way More Powerful Than Bitcoin (Cryptocurrency:BTC-USD)

Why Crypto: Valuation by Productivity Traditionally stocks are evaluated through discounted cash flows, or by comparing PE ratios from different sectors. This works well for some “first-derivative” value stocks when you have a reasonable idea of top and bottom line trajectory. Another way you can calculate value is by looking at the total market size and predicting market share. For example, assuming the EV market is $160B and it grows at a CAGR 22.6% for the next 5 years, you can… Source link

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Five Reasons Ethereum Is Way More Powerful Than Bitcoin (Cryptocurrency:BTC-USD)

Why Crypto: Valuation by Productivity Traditionally stocks are evaluated through discounted cash flows, or by comparing PE ratios from different sectors. This works well for some “first-derivative” value stocks when you have a reasonable idea of top and bottom line trajectory. Another way you can calculate value is by looking at the total market size and predicting market share. For example, assuming the EV market is $160B and it grows at a CAGR 22.6% for the next 5 years, you can… Source link

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How Bitcoin Development Is Evolving – and What’s Behind It Markets CoinDesk

Today I want to talk about code. I know, this newsletter is for professional investors and not developers – why aren’t we talking about price? Don’t worry, we will further down. But things are evolving with Bitcoin technology that are worth keeping an eye on. While these changes have little to do with the short-term price movements, they are likely to play a significant role in bitcoin’s long-term value proposition. Two things happened this week to make this top-of-mind: a new… Source link

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Market Update: Bull Trap Warnings After Bitcoin Shoots Above $18k Handle

Digital asset markets have recaptured some of the losses taken three days ago, as a great majority of the crypto economy has started to rebound after the market rout. Bitcoin has climbed above the $18k handle once again and a myriad of crypto assets are up between 1-6% during the last 24 hours. After dropping to a low of $16,300 per coin, bitcoin (BTC) has rebounded 11.3% to where the price stands today at $18,138 per… Source link

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Bitcoin may see major price volatility at the start of December — Here’s why

The price of Bitcoin (BTC) faces two crucial events on Dec. 1 right after the weekly and monthly candles close. The upcoming weekly candle close is particularly noteworthy because it could mark the first red weekly candle since late September. The monthly candle will be significant since it would mark the highest close in Bitcoin’s history if the price remains over $13,791. Bitcoin realized volatility. Source: Cointelegraph Markets, Digital Assets Data There are three key factors that could… Source link

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Bitcoin, Ethereum, Ripple’s XRP, Litecoin And Chainlink Suddenly Bounce Back

Bitcoin, ethereum, Ripple’s XRP, litecoin and chainlink—five of the biggest cryptocurrencies by value—have bounced back from a sell-off this week. The bitcoin price climbed to over $18,000 per bitcoin after crashing to around $16,000 on Friday as ethereum, Ripple’s XRP, litecoin and chainlink recorded even wilder swings. MORE FROM FORBESIs This The Real Reason Bitcoin Has Suddenly Soared Toward Its All-Time Highs?By Billy Bambrough The bitcoin price has surged… Source link

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Ethereum at crucial point, 8 fundamentals indicate strong bullish trend

Director of DTC Capital has presented 8 fundamentals that indicate the beginning of a bull market for Ethereum (ETH). The number of Ethereum whales, owning more than 10,000 ETH, has reached an 3-month high of 1,062.  The upcoming week will host one of the most important events for Ethereum ever. On December 1st, the beginning of phase 0 of the Ethereum 2.0 will take place. The event could push ETH to new all-time highs and for now, analysts are highly bullish about it and the strong… Source link

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Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

The price of Bitcoin (BTC) surged above $18,000 on Nov. 29, reaching as high as $18,209 on Binance. However, traders are turning cautious despite BTC’s weekend rally. Bitcoin currently faces resistance at around $18,200, which is also the 10-day moving average (MA) on the daily chart. As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue. BTC/USDT 4-hour chart (Binance). Source: TradingView.com Why a bull trap… Source link

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Ethereum’s Price Could Rapidly Rise to $750 – Crypto Analyst

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly coming to a close and the digital asset of Ethereum (ETH) is once again above $500. At the time of writing, Etheruem is trading… Source link

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High priced $32K Bitcoin options show some pro traders expect more upside

A month ago, one would be hard pressed to find any investor who would have expected a $32,000 Bitcoin (BTC) price for January. At the time, a 140% upside was needed from the $13,300 price on Oct. 30 and this seemed quite far fetched.  Therefore, the January $32,000 BTC call (buy) options traded at Deribit for a meager $67, or 0.005 BTC in late October. BTC $32,000 Jan. 2021 call option, in BTC. Source: Deribit Fast forward to now, and the same call option peaked at $705. That’s an almost… Source link

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