Bitcoin

Bitcoin halving has been completed. 2 cryptocurrencies to buy now.

Published

8 months ago

1 June, 2024

Bitcoin halving has been completed. 2 cryptocurrencies to buy now.

The Bitcoin halving has been completed, but its effects will be felt for the next year and beyond. As a result, these two cryptocurrencies should be on your radar now.

The long awaited Bitcoin (Bitcoin 0.19%) the halving came and went without the fireworks some expected. Prices have barely changed since April 19, 2024, but don’t let that fool you. Long-term effects Bitcoin halves are well documented, often leading to substantial price increases in the following months – but the increase never occurs immediately.

The crypto market is still ripe with opportunities, especially with the recent approval of Bitcoin spot price ETFs in January and for coming Ethereum (ETH 0.55%) ETFs in sight this summer. The launch of the ETF and the halving of Bitcoin should bring bullish effects to the crypto sector in general.

Here are two cryptocurrencies that should be on your radar right now. It will be a slow burn until it suddenly isn’t. I’m not trying to rush you, but to make sure you don’t end up empty-handed when the real price increase begins. The exact moment has not yet been defined and I prefer to be early rather than late for the launch.

The classic Bitcoin game

You can’t go wrong with a classic. The cryptocurrency leader has just undergone its fourth halving, reducing the block reward from 6.25 to 3,125 digital coins. The lower rate of coin creation reduces Bitcoin’s effective inflation rate, which now stands at a prudent 0.85%. In comparison, physical gold mining and recycling rates result in annual supply-side inflation of 3.1% for the traditional store of value leader.

Cathie Wood of Ark Invest sees a ton of value in Bitcoin inflation falling below that of gold, as institutional investors should be more likely to treat the biggest crypto name as a long-term value investment now.

Historically, Bitcoin halvings have set the stage for significant price increases, even if the effects are not immediate. Think of it like planting a seed. The fruits may not be visible yet, but they are growing beneath the surface.

Existing chart patterns suggest that Bitcoin is likely to soar over the next 12 to 18 months. I admit that this analysis comes close to a poor quality technical analysisbut it is also based on real and dramatic changes the economic model of Bitcoin mining. The dataset of historical reactions is very small, as this is only the fourth four-year halving cycle in Bitcoin history. Several unique developments in the market landscape also muddy the waters of market reaction. Therefore, it is difficult to say exactly how far this increase will go. But the upward direction of the upcoming Bitcoin price chart is quite clear.

As more investors gain exposure through spot ETFs, Bitcoin remains a solid choice for beginners and experienced crypto enthusiasts alike.

Polkadot: The Web3 revolution is coming

The official Web3 Foundation blockchain and cryptocurrency network has had a rough ride in 2024. Polka dot (POINT 1.20%) prices are blowing in the wind, alternately swooning and rising as investors await the Web3 revolution. At press time, Polkadot’s price is down 87% below its 2021 all-time highs and 39% since a short-lived peak in March.

But here’s the problem Polka dot: It is a project with great ambitions. Its ability to help different blockchains interoperate seamlessly could be a game changer. Polkadot will be the digital glue that holds the Web3 architecture together, taking full advantage of the unique strengths of each blockchain system in a single application building framework.

The current price drop presents a potential buying opportunity for investors who believe in the transformative power of Web3. As the ecosystem matures and adoption increases, the Polkadot token could see substantial gains.

And don’t forget to stake your Polkadot tokens while you wait. O Annual Percentage Yieldsimilar to interest on a savings account or dividends on a stock, it varies over time but is currently 12.3% in my opinion. Coin base account. Not bad, right?

Luck favors the prepared

The crypto market may seem calm after the halving, but there is a lot of action below the surface. Bitcoin offers stability and proven growth post-halving, Polkadot presents a bet on future technology, and both are poised for robust price gains over the next year or two.

Keep these cryptocurrencies on your watch list and don’t be afraid to invest your money in these new digital assets. Remember, no one knows exactly when they will rise again, as they did four years ago.

Anders Bylund has positions in Bitcoin, Coinbase Global, Ethereum and Polkadot. The Motley Fool has positions and recommends Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has a disclosure policy.

Fuente

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.

Fuente

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.

Fuente

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).

Don’t miss a beat – Subscribe to receive email alerts directly to your inbox

To check Price action

Surf Hodl’s Daily Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: DALLE3

Fuente

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.

Source: TradingView SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive $600 welcome offer on Binance (Full details).

LIMITED OFFER 2024 on BYDFi Exchange: Welcome Reward Up to $2,888, use this link to register and open a 100 USDT-M position for free!

Disclaimer: The information found on CryptoPotato is that of the writers quoted. It does not represent the opinions of CryptoPotato about buying, selling, or holding any investments. It is advised that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency Charts by TradingView.

Fuente