Arman Shirinyan Change in U.S. monetary supply makes Bitcoin’s real value far below $20,000 Contents How does it affect real value of Bitcoin? Adjusting Bitcoin’s price to M1 supply USD is the main currency used to determine the value of Bitcoin and most of the digital assets in the industry. However, the supply of the world’s leading currency changed drastically in the last two years, which M1 Monetary data suggests. How does it affect real value of Bitcoin? The monetary supply of the… Source link

For the better part of 2022, the cryptocurrency market has been rocked by the ominous bearish wave, the crypto collapse. Many coins are doing very poorly, dropping as much as 90% less than their initial valuations before the collapse. We have selected a few coins–Avalanche, Litecoin, and Big Eyes Coin– that you could find very profitable in times like this. Stay tuned to learn their most endearing features. The Big Name In Speed And Efficiency – Avalanche Avalanche boasts the… Source link

SPONSORED POST* Ethereum is the second biggest crypto after Bitcoin. An open-source blockchain, it dates back to 2013 and has rapidly increased in popularity in recent years, with plenty of people purchasing it as their first investment into crypto, and other seasoned Bitcoin purchasers using it.  As it is the second largest cryptocurrency, it’s no surprise that it used to use the second largest amount of power out of all the cryptocurrencies. In fact, it used 23 million… Source link

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers. This move, which Cake DeFi says it provides another crypto on-ramp for those looking to enter the crypto space, comes shortly after the Ethereum network’s long-promised shift from an energy-intensive proof-of-work consensus mechanism to proof of stake. The ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum… Source link

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“At this stage, investors are no longer X-raying the advantages of one hedge against inflation against another, but rather, they just want a better alternative to keep their funds at a time when fiat has proven to be more unstable,” Alexander Meurer, co-founder of blockchain-based fitness application Fitburn, told CoinDesk. Source link

Monero receives an average long-term technical score of 61 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, XMR holds a superior long-term technical analysis score than 61% of… Source link

press release Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that Sale B, or the public sale of the VERSE utility and rewards token, will begin on November 1, 2022. Verse will support people onboarding into Bitcoin and DeFi by rewarding them for buying, selling, storing, using, and learning about cryptocurrency. Since 2015, Bitcoin.com has been creating opportunities… Source link

TL;DR Breakdown Litecoin price analysis suggests a downwards movement to $52 The closest support level lies at $54.00 LTC faces resistance at the $55.00 mark The Litecoin price analysis shows that the price has fallen back to the $54.00 mark, where the price finds short-term bullish support. However, strong bearish pressure still acts on LTC, making it hard for the support to hold.  The broader cryptocurrency market observed a mixed market sentiment over the last 24 hours as most major… Source link

Litecoin price fails to take off despite rolling down the runway. LTC price is in the process of validating a bearish pennant pattern on its 12-hour chart. In the absence of a breakout, Litecoin price could consolidate between $50.50 and $55.72 in the short term. Litecoin price is trying to find its footing after lifting from support reinforced at $50.50 and topping out at $55.72. This northbound move would have pushed the token out of a narrow-ranging channel. Bulls will have a… Source link