Fidelity’s lead macro strategist Jurrien Timmer says that Bitcoin (BTC) and Ethereum (ETH) have reached a point where they are likely impervious to competition. In an interview with Raoul Pal on Real Vision, Timmer compares Bitcoin and Ethereum to US tech giant Apple and its massive presence and dominance over its industry. “Per Metcalfe’s law, the bigger the network gets, the more exponentially the valuation of that network becomes. And I’ve used the example of Apple… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Sunday. The Digital Money asset is down 2.51% to $158.3 while the broader crypto market is down 1.69%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

A widely followed crypto analyst says that Ethereum (ETH) could pull off an unexpected rally back to its highs around $4,800 when hype over the ETH 2.0 merge builds up. The pseudonymous analyst known as Kaleo tells his 530,000 Twitter followers that ETH has the best chance of any crypto asset to run to all-time highs despite the broader downtrend in the digital asset market. Kaleo says that as Ethereum’s merge to proof-of-stake approaches, a narrative of the “flippening”… Source link

This week was filled with surprises for even those haven’t been a part of the crypto niche. Bitcoin [BTC] and other cryptocurrencies continued their climb. Now that Bitcoin is above a historical accumulation signal, the question is can it reclaim its title as the inflation hedge? Bitcoin fights back Earlier this week, after the 75 bps Fed Reserve rate hike, the Biden administration confirmed that the country had entered a technical recession. After the country’s GDP contracted in the… Source link

The Ethereum “Merge” has become a hot topic among top crypto analysts after the incident that led to the collapse of the Ethereum network in the sale of Otherside by Yuga labs, with nearly $200M lost as gas fees. Related Reading: Proof of Work Vs Proof of Stake – Laneaxis The Ethereum merge, also known as Ethereum 2.0, is the upgrade of the existing execution of the Ethereum layer 1 from proof-of-work (PoW) to proof-of-state (PoS), Beacon chain. POW was first used by the early… Source link

Data shows the Ethereum supply locked in the ETH 2.0 staking contract was holding unrealized losses amounting to almost $15 billion just a few days back. Realized Price Of ETH 2.0 Deposits 44% More Than Normal Supply As per a special report released by Glassnode and CoinMarketCap, the Ethereum locked into the 2.0 contract is holding heavy losses right now. A relevant metric here is the “realized cap,” which is a method of calculating the capitalization by… Source link

Litecoin Plus (LCP) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has declined 36.32% to $0.001960979671. InvestorsObserver is giving Litecoin Plus a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin Plus! Highly Volatile InvestorsObserver gives Litecoin Plus a high volatility rank of 88, placing it… Source link

Litecoin receives an average long-term technical score of 58 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 58% of… Source link

Text size Dreamstime What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt Last week’s market-wide positive price action was sustained this week as leading cryptocurrencies continued making significant gains. Bitcoin, as of this writing, had added 8.5% to its market value to sell for $24,214, and Ethereum fans enjoyed an even greater rally, with their favorite coin blowing up 12.5% to $1,714. Much of the buzz around Ethereum is down to the fact the network is laying the groundwork for a major… Source link