Text size Crypto prices have rallied over the past month. Dreamstime Bitcoin and… Source link

Bitcoin (BTC 1.52%) stands as one of the most explosive investments in history. The cryptocurrency is up more than 3,900% over the past decade alone. However, the market-leading cryptocurrency has also seen a big valuation pullback and now trades down roughly two-thirds from its high. What comes next for Bitcoin? Read on to see two Motley Fool contributors outline bull and bear cases for the world’s most valuable cryptocurrency.  Image source: Getty Images. Bull case:… Source link

Since 2016, over 44 million contracts have been deployed on Ethereum [ETH]. Interestingly, the number has been on the rise.  Users might have imagined that all smart contracts would have contributed to exchange interactions and Decentralized Applications (DApps) management. However, it has been a little different from the public’s perspective. Source: Electric Capital The details According to an engineer from crypto venture firm Electric Capital, only 15 million out of the 44 million live… Source link

Skybridge Capital’s founder says bitcoin’s fair market value is about $40,000 based on adoption, wallet size, use cases, and growth of wallets. The asset management firm also estimated ethereum’s fair market value at around $2,800. Skybridge Capital on the Fair Values of Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner at global asset management firm Skybridge Capital, shared his firm’s predictions on the fair market values of bitcoin (BTC) and ether ( Source link

Ethereum price was trading laterally between the $1,700 and $1,600 price mark. At the moment Ethereum was standing firm on the $1400 support line. Over the last 24 hours, Ethereum price depreciated over 4%. Bearishness started to prevail on ETH’s chart and technical outlook pointed towards the same direction. For the bulls to resurface Ethereum price needs to climb above the $1,745 price ceiling. Incase ETH manages to break past the $1,745 price mark and remains above that level, chance… Source link

Litecoin is gradually recovering from the heavy discount it received in the last few months. It might take a while for the market to recover to previous highs. Holders can still earn some passive income as they wait for the recovery. But is this really a healthy option in light of the recent market events in May? The Terra UST crash was the biggest eye opener to the dangers that might be associated with staking. DeFi staking and lending platforms have been put to the test by… Source link

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In traditional markets, the S&P 500 and Dow Jones Industrial Average fell 0.1% and 0.3%, respectively. The Nasdaq Composite Index increased 0.4%. In commodity markets, West Texas Intermediate crude oil was down 2.6%, and the price of spot gold rose 1.9%. Source link

Monero Classic (XMC) gets a neutral rating from InvestorsObserver Thursday. The crypto is up 2.05% to $0.4629098032 while the broader crypto market is up 0.31%. Monero Classic has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Neutral Over the last five days, Monero Classic has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

Ethereum price festers with negative market sentiment amidst the upcoming network merge. ETH price stalls near a pivotal level. A dual scenario is at work targeting either $1,900 or $1,500.  This thesis remains neutral until further evidence is displayed. Ethereum price should remain on traders watchlists. However, turbulence is to be expected for reasons mentioned below. Ethereum price in double scenario Ethereum price currently trades at $1,622. The decentralized smart… Source link