Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the downturn its price has taken in the last months. Draper believes that the asset is still valuable as an inflation hedge, and that the market we are navigating right now is “very similar” to the dot-com bubble burst, but with higher inflation. Tim Draper Still Bullish on Bitcoin Tim Draper, the venture capitalist famous for his early investments in… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 8.24% to $175.93. InvestorsObserver is giving Monero a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the… Source link

Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new lows. Most investors would agree that crypto is now in a bear market and the current price action for Bitcoin (BTC) and Ethereum (ETH) suggests that capitulation and consolidation are a ways away. Data from Cointelegraph Markets Pro and TradingView shows that Ether still struggles to reclaim the $2,000 level as support and this zone has been a… Source link

Cryptocurrencies entered the financial market in 2009, with the launch of Bitcoin. With thousands of different cryptos worldwide, we have watched the market grow and become one of the biggest sectors within the economy. Litecoin (LTC) launched in 2011 and is currently ranking 20th on coinmarketcap, at the time of writing. Compared to a new coin currently in the presale stage, Parody Coin (PARO) is a great example of how crypto has evolved.  What Is Litecoin… Source link

Ethereum’s native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token’s next selloff move could turn into a bear trap as the market factors in the possible release of the Merge this coming August. ETH to $4K? Ether’s price could reach $4,000 by 2022’s end, according to a technical setup shared on May 20 by Wolf, an independent market analyst. The analyst envisioned ETH moving inside a multi-month ascending… Source link

Text size Bitcoin prices have made a firm recovery this week after a dramatic selloff last week. Dreamstime … Source link

The world’s largest cryptocurrency exchange Binance today announced that it has integrated the layer-2 scaling solution Optimism. However, the exchange only supports deposits at this time; withdrawals aren’t available until the exchange achieves optimal liquidity, explained the exchange. “Binance will open withdrawals for ETH on Optimism Network once there are sufficient assets in our wallet,” read the announcement. Optimism is a layer-2 scaling solution for Ethereum aimed at helping reduce… Source link

Place/Date: – May 20th, 2022 at 10:00 am UTC · 3 min read Source: Gnox While cryptocurrency values have fallen so far this year, they appear to be on the rebound despite rising inflation and global financial concerns. No one knows when the current bear market in cryptocurrencies will end, so investors should invest in assets that have the highest potential to lead the bull run this year. The projects listed below have the potential to lead the bull market in 2022. Litecoin (LTC) The… Source link

Cosmos (ATOM), the token powering the eponymous blockchain network, is up 12.7% over the past 24 hours. ATOM is currently trading at $11.45, according to data from CoinMarketCap. ATOM is the 27th-largest cryptocurrency with a market capitalization of $3.2 billion.  Despite today’s bullish action, ATOM still trades 74% down from its all-time high of $44.70 recorded in September 2021. There has been a spike in the coin’s trading volume across different exchanges. Its total trading volume… Source link

Litecoin price prediction: Will LTC see gains after privacy upgrade? Photo: Paul Biryukov / Shutterstock.com Litecoin’s (LTC) price action has mirrored the weakness of the broader cryptocurrency market in 2022. Though its developer activity reveals the crypto payment network is maturing well in the shadow of its more popular cousin, bitcoin (BTC). The highly-anticipated, privacy-focused Mimblewimble Extension Blocks (MWEB) upgrade went live on 20 May, giving litecoin users the option… Source link