Bitcoin

3 cryptocurrencies to buy instantly

Published

9 months ago

12 May, 2024

Following a significant market correction, opportunities abound in the crypto market.

Over the past few days, the broader crypto market has seen a massive sell-off. While these corrections are not abnormal, they were the first to occur in some time.

The total crypto market capitalization is still up 40% year to date, so after seemingly rising for most of the spring, this correction may have been a little more painful than usual and caught some investors off guard.

However, it is during these corrections that there are typically the most opportunities. This was not the result of any great development, but mainly of a natural blush. Think of it as taking one step back to take two steps forward.

For those looking for an opportunity to acquire some cryptocurrencies with long-term potential, here are three that I am buying in the dive.

Image source: Getty Images.

1.Bitcoin

There’s not much to be said here. Bitcoin (Bitcoin 0.13%) has been the leader of the crypto asset class for the past 15 years and will likely remain so for decades to come. Even though it is the most valuable cryptocurrency, that doesn’t mean it doesn’t have room to grow.

Various predictions claim that Bitcoin will reach $100,000, $500,000 or even US$1 million someday. As sensational as it sounds, the general theme that Bitcoin’s value is likely to grow is probably not wrong.

With its finite supply, a decreasing inflation rate, and demand on an increasing trajectory, the price of Bitcoin will continue to experience upward pressure as it is pushed and pulled by the basic laws of supply and demand. While this doesn’t mean there won’t be some bear markets and corrections along the way, there is no safer option for growing cryptocurrency portfolios than Bitcoin for investors with a long-term horizon.

Bitcoin recently fell as low as $57,000, but has since recovered some of those losses and currently trades for around $63,000. Although it has increased in recent days, there is still opportunity for investors. Just as the days of Bitcoin trading under $10,000 are over, the days of Bitcoin trading under $100,000 are likely numbered.

2. Stacks

I’m a big fan of Stacks (STX -0.86%). As a Bitcoin-compatible Layer 2 blockchain, it introduces new functionalities that Bitcoin does not naturally have, i.e. DeFi capabilities.

The thesis for Stacks is clear: it effectively unlocks Bitcoin’s $1.5 trillion market value to be used beyond the traditional buy-and-hold strategy. Its layered architecture offers the benefit of Bitcoin’s security and decentralization, but with the added ability to participate in several popular DeFi uses, such as lending protocols, purchasing non-fungible tokens, and productive agriculture.

To quantify Stacks’ potential, take a look at Layer 2 blockchains built on top of Ethereum (CRYPTO: ETH). Today, Ethereum-compatible Layer 2s are collectively worth around $23 billion. If Stacks were to reach utility levels similar to those found in Ethereum’s comparable ancillary tokens, then its price would increase handsomely sevenfold.

Compared to Bitcoin, Stacks’ price was hit particularly hard during the recent correction. Over the past few weeks, it has fallen by more than 30%. Like Bitcoin, it has recovered some of those losses, but its price still remains far from its high of $3.48.

A rebound from its previous high would net investors a generous 50% gain, but when considering its potential as the leading Layer 2 Bitcoin and its ability to grow as much as Ethereum’s Layer 2 blockchains, there is still plenty of upside for Stacks.

3. Airfield

If you haven’t heard of it, probably the most popular blockchain on the market today is Base. That’s it Coinbase Global(NASDAQ: COIN) has its own blockchain and has been optimized to have a user-friendly interface, along with extremely low fees and lightning-fast speeds.

It might be a little technical, but Base doesn’t have its own cryptocurrency. This project is probably the result of trying to stay out of reach of the Security and Exchange CommissionBut that doesn’t mean there isn’t an opportunity to make money.

Instead of investing in a native cryptocurrency on Base like you would with Ethereum or Bitcoin, the next best option to give your portfolio some exposure to Base’s growing potential is to invest in the most valuable cryptocurrency built on Base: Aerodrome (AERO).

The aerodrome is known as decentralized exchange (DEX). Users can exchange tokens, provide liquidity to earn yield, and even earn rewards for participating in voting processes. As it stands, Aerodrome represents almost half of Base’s total value, making it the ideal proxy for gaining exposure to the growing blockchain.

The airfield has fallen by around 40% in the last week. This may sound pessimistic, but this type of correction is probably long overdue. Since launching in February this year, the Aerodrome has grown by more than 1,100%.

With its unique technology that encourages user and home participation in one of the most popular and emerging blockchains, it could be a hidden gem in the market. But the Aerodrome is still new and has a lot to prove, so proceed with caution.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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