Bitcoin

Bitcoin Halving Is Complete: Three Cryptocurrencies to Buy Now

Published

9 months ago

9 May, 2024

Bitcoin Halving Is Complete: Three Cryptocurrencies to Buy Now

O Bitcoin (Bitcoin -1.54%) The halving on April 19 was one of the most anticipated events of the year for crypto investors. Previous Bitcoin halvings have led to spectacular crypto market rallies, and the expectation is that this halving cycle – despite the recent drop in Bitcoin’s price – will be no different.

So which cryptocurrencies are best positioned to rise in value after the Bitcoin halved? In addition to Bitcoin, three cryptocurrencies could generate spectacular gains over the next 12 months.

1. Stacks

Stacks (STX -1.79%) is a blockchain designed to build on Bitcoin’s long-term success. As a Layer 2 blockchain, it sits on top of the Bitcoin blockchain and provides extra scalability and functionality. You can think of it as making the main Bitcoin blockchain better than it already is.

While Stacks Although it is not yet a household name, it is currently one of the 35 largest cryptocurrencies, with a market value of US$3 billion. Year to date, Stacks is up 40%, which aligns perfectly with Bitcoin’s 40% returns. This correlation makes sense, as Stacks is tied to the long-term success of Bitcoin.

With Bitcoin becoming increasingly popular as a result of new spot Bitcoin exchange-traded funds (ETFs), demand for Stacks’ offerings will grow. Some people don’t just want to accumulate their Bitcoin – they want to do things with it. And that’s where Stacks comes into the picture. The more features it makes available to Bitcoin holders, the more valuable it should become.

2. Buscar.ai

The growing intersection between artificial intelligence (AI) and blockchain technology is fueling demand for AI cryptographic tokens. As there is no official ChatGPT Tokenthe next best option is Search.ai (FET -1.74%), a cryptographic token designed to power the future AI economy. Fetch.ai currently has a valuation of $1.7 billion and is ranked as one of the top 50 cryptocurrencies by market cap.

Image source: Getty Images.

Fetch.ai describes itself as “a decentralized, open, permissionless machine learning network with a cryptographic economy.” That’s a lot, but it just means that Fetch.ai is the go-to destination if you need AI-related bots, data, or services (known as “agents”). Say, for example, you’re interested in building a new AI bot for your company or industry. You wouldn’t need to build it from scratch. Theoretically, you would be able to find everything you need through the Fetch.ai platform.

Year to date, Fetch is up an impressive 200%. As long as the narrative around AI remains intact, the sky is the limit for Fetch.ai. That said, even after posting triple-digit returns this year, Fetch.ai still trades for just $2. So for less than the cost of a cup of coffee, you can invest in the future of AI technology.

3. Solana

Finally, there are Solana (SUN -2.07%), which has the potential to become “the next Ethereum.” For now, Ethereum is still the 800-pound gorilla in the layer 1 blockchain space, but Solana is a worthy rival. When it comes to areas like decentralized finance, Solana is quickly gaining ground. And remember: Solana has been tagged as a potential “Ethereum killer” in 2021, so it wouldn’t surprise anyone if it eventually surpasses Ethereum.

That said, there are some problems with Solana. In other words, it continues to be bogged down by random network outages that last much longer than they should. And much of its recent growth appears to be fueled by the meme coin craze, which is likely not sustainable in the long term.

But I still firmly believe in Solana’s long-term growth prospects. It is the only major blockchain with a mobile crypto strategy. The big idea here is that if people have a physical hardware product to get their hands on… the Saga encrypted phone – they will be much more likely to use the Solana blockchain. According to Solana, the Saga phone could be the way to onboard tens of thousands of new users.

And the winner is…

Three cryptocurrencies, three very different approaches to the crypto future. If you want to double your Bitcoin investment and stay within the Bitcoin ecosystem, then Stacks could be an intriguing option. If you are willing to take the risk of investing in AI, then Fetch.ai could be the right choice for you.

But my favorite pick remains Solana. In my opinion, it is the perfect example of a large-cap crypto with truly phenomenal long-term growth prospects. Given that Solana’s market cap is $60 billion and Ethereum’s market cap is $360 billion, there is potential for Solana to increase sixfold in value in the coming years. If you believe in the idea of Solana being “the next Ethereum”, then this could be the only cryptocurrency to buy after the Bitcoin halving.

Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions and recommends Bitcoin, Ethereum, Fetch, and Solana. The motley fool has a disclosure policy.

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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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