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Elrond (EGLD) Price Prediction: Why You Should Own ATLEAST +5 Elrond (EGLD)

By
CT Forecast (Staff Writer)
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0

Elrond (EGLD) seems to make its way up and up, recording a whopping 20.76% upsurge in value from $406 to $485 value. EGLD makes it clear that even if you don’t stand at the top, it does not mean you have only loss ahead of you. Things in the crypto world are very uncertain; nothing ever stays the same for entirely too long.

Elrond perfectly sums up what it stands for, “A highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy.”

Founded back in 2017, the Elrond network aims to provide faster and cost-effective transactions via smart contracts operated by a distributed network of computers. Brothers Beniamin and Lucian Todea developed Elrond to address the issues related to blockchain scalability. They focused on developing a blockchain platform that is better than any other blockchain platform available back then. (Also: Bitcoin to $ 98,000 in November? Trial by fire for stock-to-flow model)

They aimed to develop an interoperable and highly-level scalable blockchain platform, and that is how Elrond Network was conceptualized. As for its capabilities, Elrond Network is a truly powerful network. It can process nearly 10,000 to 15, 000 transactions per second with an average cost of $ 0.001

Elrond Price Prediction 2021 to 2022

Throughout this Elrond stock forecast, we’ll cover both the short and long-term prospects of this platform. However, if you’re in a rush, the bullet points below highlight the main findings of our Elrond prediction 2021 for the months ahead.

  • One Month – The current Elrond price is hovering around the $242 level, following a gradual rise since late September. Over the next month, we estimate that Elrond could hit a valuation of $290.
  • Three Months – The firm uptrend in Elrond’s price shows no signs of stopping, meaning that the previous all-time highs look likely to be broken. Over the next three months, our analysis projects that Elrond could hit a valuation of $375.
  • Start of 2022 – Assuming the Elrond price can finish the year strongly, we’ll likely see the bullish momentum continue into next year. As such, we estimate that Elrond will reach a valuation of $400 by the start of 2022.

Elrond Price Forecast

Now that we’ve explained what Elrond is and its price history, let’s peer into the future and determine this coin’s outlook. As we’ve noted in our other cryptocurrency price predictions, many different factors can affect a coin’s price, so it’s wise to do your own research. With that in mind, let’s look at the technical and fundamental elements of this Elrond forecast.

Technical Analysis

As you can see from the chart, the token price has been climbing steadily since July. Price is printing clear higher-highs and lower-highs, indicating a strong bullish trend. Although there was a significant price change in September after EGLD hit its all-time high, the token has recovered well and seems to be making an attempt once more.

The support level around $198 seems to be relatively strong, as the price has been rejected three times since early September. This is a good sign, as it gives added optimism that Elrond can break past the previous all-time highs. Furthermore, EGLD is trading above the 50-day and 200-day EMAs, which measure the average price over the past 50 and 200 trading days, respectively. Again, this is a signal that the price is showing a bullish trend.

Overall, if you were looking to invest £1000 UK, we’d wait to see how the price reacts around the $300 area. There’s a chance that price could reject and head lower – or we could see a solid close past this level. If the latter occurs, that may represent a good investment opportunity if you’re looking to gain exposure to the EGLD price.

Fundamental Analysis

On the fundamental side of things, EGLD currently has a market cap of $4.7bn, according to CoinMarketCap. This means that Elrond is the 39th largest cryptocurrency globally at the time of writing, with a circulating supply of 19.5m EGLD tokens. The trading volume in the last 24hrs is $83.5m, down 29% from the previous day.

One great thing about Elrond is their Maiar Exchange. This decentralised exchange (DEX) allows users to trade tokens and earn a passive income stream. Furthermore, this exchange is fully integrated with Maiar App, which is powered by Elrond. Therefore, users have complete control over their assets and avoid the centralised nature of large cryptocurrency exchanges.

EGLD: Taking the Expert Analysis

Even though placed in a highly volatile world of cryptocurrencies, favorable factors like tight security protocols and an advanced algorithm play a really pivotal role in influencing investments. The primary objective of the Elrond team has been to ensure transparency and, at the same time, privacy. Finding equilibrium in both could be a tough challenge. 

Based on a logical algorithm, Elrond (EGLD) has both short-term rallies and potential long-term advantages. Based on the Elrond price prediction, the coin may reach $250 by the end of 2021.Trading Beasts

According to the future prediction by GOV Capital, the price of the asset is predicted at $437.764 by the end of 2021.GOV Capital

Based on the Elrond price forecast done by Wallet Investor, the coin is expected to reach a price mark of 461.742 by the end of 2021.Wallet Investor

EGLD is an adventurous project to trade and one of the rapidly growing segments. It is more bulls than bears. According to the predictions, it is not hype that it would cross a new all-time high around the $380 mark by 2023.Digital Coin Price

The prediction has a big variation between the minimum and maximum prices, which makes it difficult to decide whether to buy Elrond or not. Therefore it is best to take the minimum prediction as a guideline confirming it as support of $210.21 at best.Crypto Gunther

Elrond (EGLD) might grow threefold from the current price level in six years say by 2026, it should have a clear rally around $250.4 to $310.6, and it will register a new all-time high.Crypto Rating

According to Redditors forecasts, it seems Elrond currency is doomed. It might trade with a flattish price trend and consolidate around $200 by the first quarter of 2022.Reddit Community

Elrond Price Prediction – Conclusion

In summary, this Elrond forecast has examined what the Elrond network is and how it functions. We’ve also explored the outlook for Elrond over the short and long term, ensuring you have all you need to make an investment decision. Overall, we’re pretty bullish on Elrond due to its scalability and low fees. These factors will undoubtedly go in the platform’s favour when attracting dApp developers and DeFi protocols.

Elrond Price Prediction 2021

If all markets turn favorable, the EGLD price is set to break all barriers and perform exuberantly, scaling the peak as aforesaid. Transgressing all limitations over the next year, it would surely show signs of fortune for its investors. According to our Elrond price prediction, backed by robust smart contracts, the Elrond price may easily touch $250 by the end of the year 2021.

Elrond Price Prediction 2022

Considering there are no sudden jolts or a stony path ahead for cryptocurrency markets, Elrond is all set to affirm its strong position as a major attraction among its investor community. The road ahead is full of petals provided the investor’s confidence keeps booming, resulting in a significant push to the EGLD price, taking it to cross all barriers scaling $300.

Elrond Price Prediction 2023

According to our Elrond price prediction experts, these features can help this token gain a much higher price of $340. If the drive for functional crypto continues into 2023, the EGLD price may even see a paradigm rush.

Elrond Price Prediction 2024

There are quite a few speculations going forward for Elrond. Especially keeping in perspective the technological announcements and progress the corporate has designs on, there are assumptions by our Elrond price prediction experts its price may reach $400. The favor is done by majorly security and scalability features. The exciting promotional ventures may do the rest making the investors harvest the gains and make it a profitable investment.

Elrond Price Prediction 2025

Elrond is also active in community initiatives. Considering they keep up the momentum, garnering a significant market cap, their initiatives focusing on education, outreach, and innovations may take them to an appreciable level of $460. If you want to know other coin forecasts, then check our post on price prediction for Cryptocurrency.

Bitcoin Beach: surfing, sun and satoshis

By
Stella Mason
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0

The lively town of El Zonte, known as Bitcoin Beach for some time, is considered to be the origin of the Bitcoin revolution in El Salvador. We looked around the spot.

El Salvador is roughly comparable to Hesse, both in terms of the number of inhabitants and in terms of size. The tour from San Salvador, our base station in the Central American country, to El Zonte only takes a little more than an hour. Even at the driveway, you can’t help but notice that the place is actually branded entirely on Bitcoin. As far as the eye can see: signs, merchandise and stands where you can pay with satoshis.

The story of Bitcoin Beach sounds like something out of a novel. In 2019, an anonymous donor approached the American Michael Peterson, who had already taken several surf trips to El Zonte to date. He would provide him with capital for a bitcoin pilot project. The only requirement: the infrastructure must allow a closed BTC ecosystem to be built. The conversion into fiat money should be avoided as much as possible.

Just two years later, you can say: project was a success. In our experience, you can actually pay with BTC (almost) everywhere in El Zonte.

Bitcoin Beach El Zonte

Beer, coffee, the national dish Pupusas – everything is available for Satoshis. Payment is usually made via QR codes that are posted on the stands. Unlike usual, however, these are not those that can be read directly by the wallet app, but first lead to the Bitcoin Beach website, where you can find another code, the LN URL, which is then imported into the wallet must become. This intermediate step makes the payment flow more complicated than necessary.

Bitcoin playground

Still: Bitcoin Beach is a success. The younger, tech-savvy population in particular uses Sats more frequently than on-site credit card payments, for example. This is not least due to the fact that Bitcoin works without a bank account. Before that, the economy was financed primarily with cash US dollars. To make things easier again, the team around Bitcoin Beach even decided to set up their own wallet, the – how could it be otherwise – Bitcoin Beach Wallet. This is freely available in the App Store and Android Store and works perfectly.

“It is very difficult to get a bank account when you are employed in the informal sector,” one of the Bitcoin Beach managers told us in an interview. In rural areas in particular, bank accounts are more the exception than the rule.

In addition to sending and receiving Satohis, there are also functions such as the location search of shops that accept BTC payments and a beginner-friendly guide to the Bitcoin Rabbit Hole.

Bitcoin Beach can rightly be called the nucleus of Salvadoran Bitcoin law. Because in addition to the team around Peterson, Strike also stayed in the place at the beginning of the year and promoted Bitcoin adoption. In the end, it was even Strike CEO Jack Mallers who announced the resolution of the government around Nayib Bukele in a tearful appearance at the Bitcoin 2021 Conference

Best VPN to Watch Netflix: VPN for Netflix [Updated Nov 2021]

By
Ismael Brooks
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0

VPNs are used today for a lot of things: hiding the IP address, encrypting data, bypassing geo-restrictions, unblocking blocked sites and applications … But if there is one use that is becoming widespread, it is that of using VPNs with Netflix. Indeed, a VPN for Netflix allows you to access more content and change Netflix country .

Unfortunately, not all VPNs work well on the platform. Many people get blocked and fail to effectively unblock foreign catalogs. In this article, we are going to introduce you to the 3 best VPNs for Netflix that are performing very well in 2021.

Ranking of the Best VPNs for Netflix in 2021 :

  • ExpressVPN
  • CyberGhost VPN
  • Surfshark VPN
  • NordVPN
  • Private Internet Access

Below, we present details of each of them. We will also discuss the principle of VPN and why Netflix does not allow all VPN publishers to access its content.

Top 3 Best VPNs for Netflix

There are hundreds, if not thousands of VPN providers today. Obviously, not all of them work to unblock Netflix and only the best will succeed in achieving their mission.

Obviously, we directly exclude free VPNs which are automatically blocked and which, in addition, have a bandwidth limit, preventing you from watching streaming videos.

But what exactly does it take to find the best VPN for Netflix in 2021? The latter must:

  • Unlock many countries (NONE unlocks them all)
  • Offers excellent flow rates
  • Has no bandwidth limit
  • Offers a stable connection
  • Be compatible on all major devices

Here you have the 5 essential qualities that we find with the best of the best VPNs for Netflix.

Without further ado, here is our selection of the 3 VPN providers that work perfectly for unblocking Netflix and accessing other catalogs:

1. ExpressVPN – the best way to access Netflix

If you are looking for the crème de la crème for Netflix then look no further, you have found it. ExpressVPN has been known as the best VPN for Netflix for years. It works to unlock a lot of countries. There are more than ten of them at the moment, including the USA, Japan, Canada, France, Germany, Australia, Brazil, UK, etc.) and the procedure for accessing these foreign catalogs is as easy as pie.

© ExpressVPN

Known as the fastest VPN, ExpressVPN offers a great streaming experience , with no buffering. This is particularly important, especially if you intend to connect to very distant servers, such as the USA or Japan for example. With a lower quality VPN, you would constantly have buffering issues (you know, the little circle spinning in the middle of your screen 😉).

ExpressVPN is also very stable and has no bandwidth limits. In other words, you can use it to watch 10TB of streaming videos per month, if you want. This contrasts very clearly with free VPNs which rarely exceed 10GB monthly.

If you enjoy watching Netflix on multiple devices, you won’t be disappointed with ExpressVPN. Indeed, the latter works on Mac, Windows, iOS, Android, Android Smart TV and even directly on some compatible routers. You will also be able to use your subscription on 5 devices at the same time.

As the best VPN for Netflix in 2021, ExpressVPN covers 94 countries with over 3,000 servers. You have 24/7/365 customer support via online chat to answer all your questions (such as telling you which VPN server to choose to unblock Netflix in a specific country) and accompany all of its subscriptions with a guarantee of 30 day refund.

Moreover, by using the link below you will be able to take advantage of 49% reduction and 3 months free on its 1 year subscription. Enough to make the best VPN for Netflix even more attractive.

TAKE ADVANTAGE OF THE EXPRESSVPN OFFER

2. CyberGhost VPN

Another top VPN for Netflix in 2021 is CyberGhost. This highly competitive VPN ( see its best special offer for JDG players here ) works great for Netflix.

Although it does not work for as many countries as ExpressVPN, it will still manage to unblock the main countries that might interest you (France, USA, Italy, Germany, UK, Japan). We particularly appreciate the presence of servers optimized for this activity.

Whether you are on a computer, tablet or smartphone, you will find them very easily by going to the “streaming” section and then type “Netflix” in the search bar. You will then find all the servers that are optimized to unblock Netflix.

If CyberGhost is in this selection of the best VPNs for Netflix, it is also because it offers very good speeds. Although they are, once again, a little behind ExpressVPN, they are still more than sufficient for watching movies and series in HD.

Like ExpressVPN, CyberGhost also offers a money back guarantee. If you want to test it out to see if it’s your favorite VPN for Netflix, you can do so, risk-free. At any time after 45 days after placing your order, you will be able to request a full refund. Please note, the money back guarantee is only 14 days if you have opted for the 1 year subscription.

To learn more about this great VPN provider for Netflix, you can read our CyberGhost review here .

VISIT CYBERGHOST VPN WEBSITE

3. Surfshark VPN

Finally, in third position in this ranking of the best VPNs for Netflix, we find Surfshark . This young VPN launched in 2018 may not have the seniority and experience of its two competitors, but, when it comes to Netflix, it has nothing to envy them.

Indeed, it unlocks more than 10 Netflix catalogs in a rather remarkable way. But then, why is he not at the top of this ranking?

© Surfshark

The answer is very simple: Surfshark still has quite a few stability issues and doesn’t offer the best speeds. So be careful, when we say that these are not the best speeds, it is still quite acceptable. We just have to compare against other players, like ExpressVPN and CyberGhost, which still offer a higher level of service.

Despite everything, for a young VPN that is very inexpensive, Surfshark is doing very well and really deserves its position in our comparison of the best VPNs to unblock Netflix in 2021.

You’ll also have an unconditional 30-day money-back guarantee, allowing you to try out its services and make up your own mind. In 2021, Surfshark is truly one of the best VPNs in our opinion.

VISIT THE SURFSHARK VPN WEBSITE

Why would you want a VPN for Netflix?

There are many benefits to using a VPN for Netflix. So yes, it will allow you to watch Netflix in your workplace without your boss realizing it, but that is not the crux of the matter.

Indeed, a VPN for Netflix will allow you to access bookstores in other countries. As you may know, Netflix does not offer the same content in all countries. Everything is linked to broadcasting rights. Netflix buys the rights to broadcast a series or film for a defined period of time and in a defined geographic area. As a result, it often happens that countries are better off than others when it comes to movies and series on Netflix.

Contrary to what one might think, it is not because a country is bigger or has more inhabitants that it will have more content. The example of the United States is quite striking. In the country of origin of Netflix, many films and series are not available although they are in Canada, France, Germany or Australia. How to explain it? It is very simple !

In fact, many TV channels and streaming platforms (Hulu, HBO, Amazon Prime…) are fighting to recover the broadcasting rights for series and films to offer a wide choice to their users. The more platforms there are in competition, the greater the risk of having a sparsely stocked Netflix library. This is what we see in the United States – contrary to belief.

© Surfshark

On the other hand, you will still manage to find movies and series that are not available on Netflix France. But the interest of using a VPN for Netflix will allow access to many other more complete catalogs such as that of Canada, Japan or the United Kingdom.

For people who are uncomfortable with English, using the best VPN for Netflix will allow you to continue accessing the French catalog when you are abroad.

In short, not only will you have more content, but in addition you will always be able to have Netflix in the language and the subtitles of your choice.

DISCOVER THE BEST VPN FOR NETFLIX

How does Netflix determine which catalog we have access to?

No, it is not based on the country in which you opened the account. A lot of people believe this, but it is wrong. If you subscribed in France and then go to the United States, you will then have access to the American catalog of Netflix.

So how does Netflix tailor its content to your location? It’s simple, it’s based quite simply on your IP address ( see our guide to changing IP ). It is the latter which locates the geographical position of the device with which you connect to the platform, and, in fact, displays the appropriate catalog.

This is where VPN comes in … but you might already know that if you are looking for the best VPN for Netflix in 2021. VPN apps do indeed allow you to change your IP address and, this fact, its location on the net in less than a minute.

What if your VPN no longer works to access Netflix?

Before concluding this article, it is essential to remember that the Netflix platform is fighting a real battle to counter VPN software. To do this, Netflix relies on the IP address of the subscribers and checks that it is not an IP belonging to a VPN server. Once found, access is denied and you will not be able to view the desired content.

Netflix may take a long time to detect VPN IP addresses and blacklist them. This is why you can access Netflix one day and more the next. While no one is immune to these kinds of (nasty) surprises, opting for one of the best VPNs for Netflix recommended above minimizes this risk.

If, however, this should happen, you can first try changing servers and clearing your web browser’s cookies before returning to the Netflix page.

As a last resort, you can contact customer service and let them know about your problem. The technical teams can then direct you to the most suitable VPN server to go to a given Netflix library.

Is using a VPN for Netflix legal?

Using a VPN in France and many other European countries is legal. Nothing prevents you from watching streaming content by connecting to a VPN.

That said, the issue of VPN for Netflix is ​​more complex given that this application makes it possible to bypass the geo-blocking set up by the SVoD platform. By avoiding this filter, it is as if you are also bypassing the legislation of the territory. It’s up to you to draw your conclusions …

In any case, to this day, Netflix has not yet banned users on the pretext that they are using a VPN and it is an activity practiced by many.

Conclusion: ExpressVPN, the number 1 VPN for Netflix

If you are looking for a reliable, stable, fast VPN that does a good job of unblocking Netflix, ExpressVPN really is the best solution. No matter which device you plan to use it on, this VPN with 12 years of experience has shown over the years that it has mastered the use of its service for Netflix to perfection.

While it’s not the cheapest, it’s the best option right now. Thanks to its 49% reduction and 3 free months, it is even more accessible and you will enjoy more than 30 days satisfied or refunded without conditions.

Although ExpressVPN is the best VPN for Netflix in 2021, that does not prevent its two competitors, CyberGhost and Surfshark, are still doing very well. These are two great alternatives should ExpressVPN ever disappoint you for one reason or another.

DISCOVER EXPRESSVPN

Faced with a wave of criticism, Discord abandons its Ethereum wallet integration project

By
Stella Mason
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0

A few days after suggesting that it would soon be possible to pay or send donations with Ether (ETH) on Discord, the instant messaging platform backtracked.

Jason Citron, creator of Discord , has decided to reverse his decision following the grumbling of many users.

Also Read:

Discord cancels its ETH wallet project

In recent months, several images of a Discord survey polling users of the platform about their interest in NFTs have appeared on the Web. A few days ago, Jason Citron, CEO of the American company, confirmed the Ethereum wallet integration project into the platform with a screenshot. Faced with user dissatisfaction, Discord finally reversed its decision.  

“  Thank you all for sharing your perspectives. We have no plans to deploy this internal project on a large scale. For now, our focus is on protecting our users from spam, scams and fraud. Web3 has its bright spots, but it still has a lot of issues that we have to solve at our own pace. More on the subject soon,  ”the Discord boss said in a new tweet posted this Thursday, November 11.

Many users resistant to cryptocurrencies and their ecological impact immediately called for a strike movement and encouraged Nitro subscribers to cancel their paid Discord subscription.

BTC Price Forecast: Inflation and taproot – Bitcoin targets $ 70,000

By
CT Forecast (Staff Writer)
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0

Bitcoin breaks out of the sideways range and reaches a new all-time high not far from the psychological USD 70,000 mark. BTC dominance can also break away from its weekly lows in the last few days of trading.

Bitcoin (BTC): Breaking out of the sideways phase leads to new highs

BTC rate : Please enter CoinGecko Free Api Key to get this plugin works.
(previous week: 62,050 USD)

Resistances / Targets: $ 68,568, $ 70,856, $ 76,472, $ 77,678, $ 85,563, $ 87,090, $ 89,982, $ 100,259, $ 114,961

Supports: USD 67,416, USD 64,896, USD 63,471, USD 61,771, USD 59,518, USD 57,998, USD 55,817, USD 54,077, USD 53,005, USD 51,307, USD 49,555, USD 48,222, USD 47,070, USD 45,292, USD 42,855, USD 40,585, $ 39,240

Price analysis based on the value pair  BTC / USD on Coinbase

After 19 days of consolidation, the Bitcoin price broke out at the beginning of the week and reached a new all-time high at USD 69,000 in the last few minutes of trading. The upward trend is therefore still fully in step and should lead Bitcoin to the first important price target at USD 70,856 in the coming trading days. On the downside, Bitcoin is well hedged in the area of ​​the yellow support zone between USD 64,896 and USD 63,471. Overall, the USD 57,998 mark continues to act as a strong support level. The implementation of the Taproot Update on November 15th. This soft fork is intended to make the Bitcoin network more efficient and transactions more private. The inflation rate of 6.2 percent published a few minutes ago in the USA should also give Bitcoin and Co. a further boost.     

Must Read:

Bullish scenario (Bitcoin price)

At the beginning of the week, investors heaved the Bitcoin price back above the old all-time high of USD 64,896, thereby breaking the sideways range of the last three weeks of trading. As a result, the BTC rate rose to a new high of $ 69,000 on Wednesday, November 10th. As long as the course is now stabilizing above the yellow support, the gaze is directed further north. At the moment, it is only a matter of time before the next key price target is reached at USD 70,856.

If there is no significant profit-taking here either and Bitcoin can get stuck above the psychological USD 70,000 mark in the near future, the next relevant target range between USD 76,472 and USD 77,678 will move into the focus of investors in perspective. Once again, investors will want to reap profits here. However, as long as the Bitcoin price does not break down more clearly and falls sustainably below USD 70,000, the chances of a subsequent increase into the target zone between USD 87,090 and USD 89,982 in the coming months are still good. If the bulls manage to overcome this strong resistance area at the daily closing price, Bitcoin should target the 361 Fibonacci extension at USD 100,259 as an important target. At the latest in the area of ​​100,000 USD, more profit-taking will begin.

Bearish scenario (Bitcoin price)

The bears have to give up again for the time being. Only when the seller succeeds in selling the BTC rate back below the yellow support area and also dynamically undercutting the EMA20 (red) at the daily closing rate, the support at USD 61,771 will come into focus again as a target. If this support is abandoned, the correction will initially expand to the top of the red support zone at USD 59,802. Not far below, there is strong support with the supertrend. If this is undercut, a directional decision will be made at the cross support at USD 57,998. In addition to the low on October 28, the EMA50 (orange) also runs here. The buyer side is likely to do everything in its power to defend this price level.

Conversely, should the bears pulverize the support at USD 57,998 this time around, an immediate relapse to USD 55,817 is likely. If there is no resistance from the bulls here either, investors will focus on the orange support area between USD 54,077 and USD 53,005. This zone represents the breakout level of the current trend movement. Bitcoin should rebound northwards here if possible in order to avert a clearer correction expansion into the blue support zone between USD 51,307 and USD 49,555. If the Bitcoin price falls below this support range at the daily closing price, the correction expands to USD 48,222.

The end of the upward trend threatens here

If possible, this price mark should not be given up. Since the EMA200 (blue) is currently in this area, a direct breakthrough is very unlikely. A setback below this would clearly endanger the current bullish trend movement. If, contrary to expectations, Bitcoin falls below this strong support level, the probability of a correction widening increases. Then the next target price at USD 47,070 comes into focus. If the bulls give up the green support zone on a sustained basis, the correction extends immediately to USD 45,292. The MA200 runs here (green).

Falling below this price level clouds the chart image instantly in favor of the seller. Then the correction will gain momentum and Bitcoin will give way to USD 42,855 or even USD 40,585. The low here from September 2021 should represent a good entry level for many investors. The maximum bearish price target can still be seen in the USD 39,240 area. If this zone is also given up on a sustained basis by USD 40,000, further massive price losses in the direction of USD 30,000 are to be expected. Furthermore, the zone around USD 48,222 must be defended by the bulls in order not to jeopardize the overall upward trend.

Bitcoin dominance: important support level can be defended

Bitcoin dominance on the basis of values of  Cryptocap  shown

After a relapse to the breakout level at 42.45 percent last weekend, the BTC dominance can increasingly recover in the last few days and rise back to the resistance level at 44.25 percent. If the Bitcoin dominance succeeds in stabilizing above this price mark and also breaking through the MA200 (green), currently running at 44.58 percent, a subsequent increase in the direction of 45.71 percent should be planned.

BTC Dominance: Bullish Scenario

In the last few days of trading, the breakout mark from October 5 was retested at 42.45 percent, which we were able to defend for the time being. Today, Wednesday, the dominance of the crypto currency can increase further north and is again trading in the area of ​​the two moving averages EMA20 (red) and EMA50 (orange). Should the strong resistance at 44.25 percent be overcome in a timely manner, the upper edge of the red box at 45.05 percent will first come into focus. This would mean that the BTC dominance would again be listed above the MA200 (green). A subsequent increase up to the strong resist at 45.71 percent is then probable. In addition to the supertrend, the upper Bollinger Band also runs just above it at around 46.00 percent. This resistance zone is unlikely to be broken at the first attempt.

If Bitcoin’s market dominance manages to break through the blue resistance area, a breakthrough to the EMA200 (blue) at 46.52 percent is conceivable. If this resistance level is also broken, investors will focus on the trend high at 47.72 percent as the target. If the BTC dominance continues to gain momentum in the coming trading weeks, the chart will brighten significantly and an increase into the orange resistance zone would be increasingly likely. The increase target between 48.67 percent and 49.26 percent will initially continue to function as a medium-term price target. A breakout above the high of July 30, 2021 could end the sideways movement that has been ongoing since May. This brings the range between 50.00 percent and 50.97 percent back into focus as the target range.

BTC Dominance: Bearish Scenario

If, on the other hand, the BTC dominance rebounds again significantly towards the south in the area of ​​44.25 percent and also gives up the area around 43.90 percent, a renewed correction of up to 42.99 percent is likely. If there is no significant trend reversal, a decline back to the low of 42.45 percent should be planned. If the correction then extends further, a relapse to the October low of 41.13 percentage points is also conceivable. Here the Bitcoin bulls should do everything possible to stabilize the course in order to avert a correction widening of up to 40.66 percent.

If Bitcoin dominance continues to trend bearish in the coming trading weeks, the probability of a retest of the 40 percent mark increases significantly. Persistent weakness could subsequently lead Bitcoin dominance to its annual low of 39.66 percent. A sustained fall below the annual low would have a signal effect. The chance of a correction of up to 37.67 percent would increase significantly. This scenario should benefit the altcoins and ideally lead to an altcoin rally.  

Bitcoin Price Prediction

Below we have collected the most reliable price projections for Bitcoin (BTC) from popular forecast platforms.

#1. WalletInvestor BTC Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Bitcoin price will grow from $64107.77 to $96344.20 in one year. That makes BTC an awesome investment. The long-term earning potential is 50.28%. Predicted price for the end of 2026 is $220464.

#2. TradingBeasts BTC Price Prediction for 2022

Answering the question about if Bitcoin is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $57,309.682 with a growth to $57,903.729 by the end of 2022.

#3. DigitalCoin BTC Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Bitcoin cryptocurrency will rise in the next 5 years starting from $64298.7555089 as of today’s price to $230466.4846057. It will go up to $108893.9707713 by 2022 and continue its growth in 2023-2024. Based on this forecast, Bitcoin is a profitable long-term investment.

#4. LongForecast BTC Price Prediction for 2021-2022

In 2021, the average Bitcoin price will go up to $66977.25. In 2022, Bitcoin’s price will rise significantly to an average of $99445.

Disclaimer: The price estimates presented on this page do not constitute buy or sell recommendations. They are only an assessment of the analyst.

Helium (HNT) Price Prediction: An important milestone spurs the course to reach 100$

By
CT Forecast (Staff Writer)
-
0
  • Price (HNT): 49.79 USD (previous week: 33.50 USD)
  • Resistances / Targets: $ 52.25, $ 54.93, $ 59.24, $ 68.08, $ 71.76, $ 79.40, $ 91.86
  • Supports: $ 47.82 / $ 46.77, $ 42.92, $ 40.74, $ 39.07, $ 37.28, $ 34.31, $ 30.60, $ 26.61, $ 22.58 , $ 19.45
Price analysis based on the value pair  HNT / USD on Binance
  • After the eruption, the helium course jumps massively northwards above 30.60 USD.
  • $ 37.28 now acts as the first major support.
  • Next relevant price target on the upside at USD 79.40.

Helium’s approach to building a decentralized Internet offering based on blockchain has received a significant boost in the last few months of trading. In some areas of the USA, such as in Silicon Valley’s capital San Rosé, the rollout of the offer is currently beginning. This development resulted in a significant price increase for the helium token HNT in the last two trading months. After breaking above the existing all-time high at USD 26.61, the HNT price more than doubled. Helium peaked to $ 59.24 before profit-taking began. After an interim correction of up to USD 40.74, the HNT price rose again northwards and was quoted at around USD 50.00 at the time of this price analysis.  (Also Read: Decentraland back on track after consolidation can reach 10$ in 2021)

Bullish variant (helium)

The positive mood of the last few weeks of trading continues with helium. If the bulls manage to overcome the range of the daily closing prices of the last trading days at USD 50.50, the 78 Fibonacci retracement at USD 52.25 will first come into focus. If this price level is regained, a break through to yesterday’s high at USD 54.93 is likely. Only when this resistance can be broken dynamically, a retest of the all-time high at USD 59.24 should be planned. If the buyer side manages to sustainably overcome the previous high, the next price targets will be activated at USD 68.08 and USD 71.76.

Reaching the orange resistance area should tempt some investors to take more profit. If helium can subsequently stabilize above USD 59.24 and also leave the 138 Fibonacci extension behind in the medium term, another price jump to the 161 Fibonacci extension is conceivable. For the time being, this price mark is to be seen as the maximum price target. If the bulls manage to break through this resistance at the daily closing price in the medium term, investors will focus on the maximum price target for the coming months of USD 91.86.

Bearish variant (helium)

The bears must now try to cap the HNT price below USD 54.93, but no more than below the all-time high, in order to preserve their chances of a price correction. If the seller succeeds in pushing the HNT rate back below today’s low of USD 45.86, the upper edge of the green support zone at USD 42.92 will be the target. The 50s Fibonacci retracement of the current trend movement can also be found here.

So the cops will want to fight back here. If the HNT price falls below this mark, the correction expands to the low at USD 40.74. A drop below this support level activates the next price target at USD 39.07. The 38th Fibonacci retracement can be found here. If the bulls fail to get back into the market here either, the downward movement extends to $ 37.28. The EMA20 (red) can be found just below. A ricochet is to be expected at the first attempt.

Significant correction can be envisaged from here on

Should the overall market also correct more clearly, Helium should also continue to decline and target the important chart area around USD 30.60. In addition to the red upward trend line, the starting point of the price rally, the supertrend also runs here in the daily chart. The buyer side is likely to use the opportunity of a price setback in this zone for new entrants. If, contrary to expectations, there is no reversal to the north, the HNT rate is likely to extend its correction to at least USD 28.96 (EMA50) (orange). A relapse below that should lead helium to the maximum expected bearish price target of USD 26.61 in the short term.

This support level is derived from the old high of August 23, 2021. If the bulls fail to stabilize the HNT price here, the chart will darken significantly and a price decline into the red support zone would have to be planned. The range between $ 22.58 and $ 19.45 acts as the last lifeline for the buyer side. The EMA200 (blue) and the MA200 (green) are currently in the area of ​​19.56 USD, which is why a rebound to the north would be very likely here.

Indicators (helium)

The MACD indicator as well as the RSI show buy signals in the daily chart this week as well. A trend following movement is also preferable on the indicator side. 

Disclaimer: The price estimates presented on this page do not constitute buy or sell recommendations. They are only an assessment of the analyst.

Helium Price Prediction

Below we have collected the most reliable price projections for Helium (HNT) from popular forecast platforms.

#1. WalletInvestor HNT Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Helium price will grow from $54.1 to $67.289 in one year. That makes HNT an awesome investment. The long-term earning potential is 24.38%. Predicted price for the end of 2026 is $166.288.

#2. TradingBeasts HNT Price Prediction for 2022

Answering the question about if Helium is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $40.292 with a growth to $44.806 by the end of 2022.

#3. DigitalCoin HNT Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Helium cryptocurrency will rise in the next 5 years starting from $50.4577519 as of today’s price to $226.0014046. It will go up to $83.0713954 by 2022 and continue its growth in 2023-2024. Based on this forecast, Helium is a profitable long-term investment.

Summary

As it can be clear from the analysis cited above, Helium (HNT) projections are rather contradictory. There is no universal consensus either about positive or negative future HNT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Helium projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

Decentraland (MANA) Price Prediction 2021: Decentraland back on track after consolidation can reach 10$ in 2021

By
CT Forecast (Staff Writer)
-
0
  • Price (MANA): Please enter CoinGecko Free Api Key to get this plugin works.
    (previous week: 2.58 USD)
  • Resistances / Targets: $ 3.33, $ 3.59, $ 4.04, $ 4.94, $ 6.10, $ 9.18
  • Supports: $ 3.08, $ 2.83, $ 2.63, $ 2.49, $ 2.33, $ 2.19, $ 1.69, $ 1.49, $ 1.38, 1.11 USD
  • MANA course after course correction with a new attempt to climb.
  • The first major price target is at USD 3.59.
  • USD 2.19 acts as the relevant support level.

The course of Decentraland benefited massively from the renaming of Facebook to Meta. The announcement that Mark Zuckerberg ascribes great potential to the Metaverse in the future caused all crypto currencies from the Metaverse area to increase significantly in value. The MANA price exploded by more than 400 percentage points to a new all-time high at USD 4.94 before a correction back to the EMA20 (red) at USD 2.19 set in. Starting from this support level, Decentraland rose again noticeably northwards in the last few days of trading.

MANAUSDT Chart by TradingView

Bullish variant (MANA)

After a 55 percent consolidation from the all-time high back to the EMA20, Decentraland’s share price has recently recovered significantly. Today, Friday, November 12th, the price of Decentraland shows again from the bullish side. Thus, the price development of Decentraland is currently decoupled from Bitcoin’s price movement. The MANA rate is currently trading in the area of ​​the red resistance zone, the so-called “golden pocket”. If the bulls manage to heave Decentraland above this resistance zone between USD 3.33 and USD 3.46 at the daily closing price, the horizontal resistance at USD 3.59 will first come into focus. Should this resist be pulverized, an immediate march towards the 78 Fibonacci retracement at USD 4.04 is to be expected. This resistance should only hinder the MANA course for a short time.

Since the upper Bollinger Band continues to bend up, a jump towards USD 5.00 might even be possible in the short term. If there are no massive sales by the bull camp at the all-time high, a subsequent increase to USD 6.10 (127 Fibonacci extension) is conceivable in the coming trading days. Above that is the next potential price target at USD 6.57. Only when the 138 Fibonacci extension can be broken sustainably, however, will the medium-term price target for the coming trading weeks of USD 7.56 move into the focus of investors.

In the long term, a march through to the 200 Fibonacci extension at USD 9.18 cannot be ruled out. Despite all the euphoria surrounding the Metaverse, investors should always take a look at market capitalization. With currently around USD 4.4 billion, the Decentraland market cap already includes many advance praise. A close tripling of the exchange rate to USD 9.18 would put Decentraland in a ranks with Polygon (Matic) and Uniswap (UNI). It remains to be seen whether the Metaverse topic can expand its hype in the coming months.            

Bearish variant (MANA)

However, if the MANA price does not succeed in breaking through the red resistance area sustainably, a retest of the horizontal support line at USD 3.08 must first be planned. If this is dynamically undershot, a relapse to the 50s Fibonacci retracement of the current trend movement at USD 2.83 is likely. Here the cops are likely to put up more resistance again. If Decentraland also falls below this support line, the correction expands again into the orange support zone. The bulls have recently repeatedly defended the lower edge of this area of ​​the chart. If the MANA rate falls back below USD 2.49, an initial directional decision is made in the area of ​​USD 2.33. The EMA20 and the 38 Fibonacci retracement run at this cross support.

Should the bears build up enough selling pressure to sustainably push the price below this strong support, the weekly low at USD 2.19 will come into focus again. A break in this support would immediately generate new downside potential and initially lead the MANA rate to the cross support from the 23 Fibonacci retracement and the old all-time high at 1.70 USD. The EMA50 (orange) also runs here. The buyer side will want to use this price mark for new entrants. If, contrary to expectations, this strong support breaks, an expansion of the correction up to the USD 1.38 mark should be planned. The supertrend is currently running in the daily chart. If there is no countermovement to the north at this price mark either, a setback to the maximum bearish price level at USD 1.11 cannot be ruled out.

Indicators (MANA)

The RSI as well as the MACD indicator show a buy signal in the daily chart. As long as the RSI indicator does not fall back into the neutral zone between 45 and 55, a significant price correction is not to be expected.

Decentraland Price Prediction 2021

If all markets turn favorable, this digital asset is set to break all barriers and perform exuberantly, scaling the peak as aforesaid. Transgressing all limitations over the next year, MANA would surely show signs of fortune for its users as per our unbiased crypto forecast. Backed by robust smart contracts, Decentraland (MANA) price may easily touch $0.95 by the end of the year 2021.

Decentraland Price Prediction 2022

Considering there are no sudden jolts ahead for cryptocurrency markets, Decentraland (MANA) token is all set to affirm its strong position as a major attraction among its investor community. The road ahead is full of petals provided the investor confidence keeps booming, resulting in a major push to the price, taking it to cross all barriers scaling $1.2 in the crypto market. Users should invest at the current prices to gain significant profit in the future. 

Decentraland Price Prediction 2023

Decentraland (MANA) has established a fast, reliable network and works with the user experience of the product. Based on our Decentraland price forecasts, these features can help the MANA token gain a much higher price of $1.70 in 2023. If the drive for functional crypto continues into 2023, the crypto may even see a paradigm rush as per our MANA price prediction.

Decentraland Price Prediction 2024

There are quite a few forecasts going forward for Decentraland (MANA). Especially keeping in perspective the technological announcements and progress the company has designs on, there are few forecasts that the MANA price may reach $2 in the crypto market.

Decentraland (MANA) Price Prediction 2025 & Beyond

Decentraland is also active in community initiatives and through which we are optimistic about the token’s future growth in terms of different factors like prices, volume, upgrades, etc. considering they keep up momentum garnering a significant market cap, their initiatives with a focus on education, outreach, and innovations may take MANA token price to an appreciable level of $2.8.

Frequently Asked Questions

Why is the price of Decentraland (MANA) rising?

Owing to the transaction speed, Decentraland (MANA) is a special attraction for buyers worldwide due to its offerings and financial services. MANA might grow in the future as it allows the users to make transactions to buy virtual space in the form of NFTs. Over the last few months, NFTs have become popular, and hence, the popularity of Decentraland has blown up, which helps to grow its ecosystem along with its price.

Why do people trust Decentraland?

Decentraland is the Ethereum-based fastest-growing metaverse. You can create your applications, explore other users’ worlds, and even trade to earn profits. The main reason for the MANA token is the assurance of speed. A decentralized platform only adds up to the scientific algorithm of safety with speed, ultimately making masses trust the platform seeing the future price of Decentraland to gain momentum.

How does Decentraland price gain significance in the market?

There are many platforms and software roaming in the market which make big promises but do not live up to them. Decentraland Mana is one such platform that stands true to its merit. It would be necessary to mention that investors have to repose their faith in the platform for it to rise on exchange and also keep tracking the increase in the token price before investing.

Where can I buy Decentraland (MANA)?

As a naïve entrant, all esteemed exchanges, including Coinbase Pro, Huobi Global, and many more, happen to demonstrate this Decentraland as virtual currency on their product palette. You also tend to benefit from trading Decentraland directly for fiat currencies like USD, EUR, GBP, etc., or other cryptocurrencies on many exchanges. Investors can also benefit from the block rewards program on Decentraland MANA and follow digital coins price prediction.

Can I make money with Decentraland?

Indeed yes. Since the currency is just a few years old, we expect its performance will be quite bullish, say at least for five years. The movement of Decentraland price prediction should be checked on the crypto exchange, and MANA can be tracked diligently in the digital coins market. Investors are advised to do their calculations following market predictions for trading in Decentraland MANA.

Taproot: Big Bitcoin update is imminent

By
Edmund Hurtt
-
0

With the upcoming Taproot update, the Schnorr signatures will also be implemented in Bitcoin’s source code. The aim is to make the network more efficient and transactions more private. What you need to know about the long-awaited soft fork.

It can take a while for Bitcoin to implement new software updates. Taproot was mentioned for the first time in 2018, when Bitcoin Core Developer Gregory Maxwell outlined the possible update, which, among other things, should implement a new signature algorithm. Three years have passed since then and Taproot is still a dream of the future. But that could change soon. Because with Bitcoins Difficulty Epoch 338 you also have the so-called “ Speedy Trial”Implemented. This is an update that allows miners to include additional data in mined blocks and thus signal their support for Taproot. If at least 90 percent of the miners decide in favor of taproot support by the end of a difficulty period (after 2,016 blocks), the update will be introduced as a soft fork in the source code in November of this year. This implementation process is also new.

According to taproot.watch , over 90 percent of the mining pools are on board. Taproot is now “logged in” and is activated at block 709.632. This is expected to be the case in mid-November this year.

What’s in the update?

At its core, Taproot is a technical update of the Bitcoin source code that includes several changes. The most important innovation is the implementation of Schnorr signatures, which are intended to complement the well-known ECDSA signatures. 

Now it’s getting technical: ECDSA stands for “Elliptic Curve Digital Signature Algorithm” and forms the heart of Bitcoin’s cryptography. In short, this form of cryptographic signature ensures that only legitimate owners (in the sense of the protocol rules) of private keys can issue UTXOs, i.e. BTC, that are linked to this key. The purpose of the digital signature is to provide evidence that you are the owner of the respective BTC without revealing the private key. This is done using the ECDSA signature.

With the activation of Taproot, Bitcoin is expanded to include a signature option: We are talking about Schnorr. Schnorr offers the same security that ECDSA signatures offer, but also has some features that improve Bitcoin. Schnorr signatures, for example, allow key aggregation – a feature that ECDSA does not offer. With the help of key aggregation, different public keys can be combined. The user then only has to sign this once using a single private key. If you currently want to set up a MultiSig scheme, you have to create a signature for each of the keys involved, which the network checks for authenticity. However, this is much more time-consuming than aggregating all the keys involved and then running just one script that checks the signature.

Bitcoin is becoming more private

In addition to the gain in efficiency, Schnorr signatures offer a considerable gain in privacy. Because, unlike the current ECDSA scheme, MultSig transactions that were created with the help of Schnorr can no longer be distinguished from “normal” SingleSig transactions for blockchain observers.

As can be seen in the diagram, a single public key is derived from a 3-out-of-3 MultiSig. Its associated private key is sufficient to output the UTXO. 

Lightning in particular will give the introduction of the Schnorr signatures considerable tailwind. After all, the opening of Lightning Channels on the blockchain is easy to recognize as such due to the 2-out-of-2 MultiSig. This is one of the main reasons why Lightning is not as private as is often assumed.

Actually, Schnorr would have wanted to use Bitcoin’s native signature algorithm from the start. According to reports, Satoshi only chose ECDSA because Schnorr was subject to patent restrictions until shortly before the start of the Genesis block. However, these have now been lifted.

The cumbersome procedure up to the release of the update shows once again how carefully the core developers deal with seemingly trivial changes to the source code. In addition to Gregory Maxwell, great developers such as Jonas Nick and Pieter Wuille are working on the project – all of them developers with many years of experience. The implementation of the introduction mechanism called “Speedy Trial” is also new. It made sense to bring the miners on board – a clever move to organize the various stakeholder groups. If everything goes smoothly, Bitcoin will be a good deal more private and efficient with block 709,632 (probably later this week). That shouldn’t hurt the course either.

Multimillion hack and new rules for Decentralized Finance (DeFi)

By
Christopher Patillo
-
0

A hacker loots over $ 100 million on Cream Finance and a new report by the Financial Action Task Force (FATF) proposes new rules for Decentralized Finance (DeFi).

After the broad DeFi sector has performed comparatively poorly in recent weeks , some tokens have turned around this week. The token of the decentralized exchange (DEX) aggregator 1inch (1INCH) increased by over 20 percent on a weekly basis . 1INCH’s sudden price explosion was due to the announcement that the project would be integrated into Exodus’ crypto wallet by default. Exodus users now have the opportunity to trade their tokens directly in their wallet via 1inch’s DEX aggregator.

Another DeFi project that has performed strongly this week is Curve (CRV). Just like PancakeSwap or Uniswap (UNI), Curve is a DEX. In contrast to the two DEX heavyweights, Curve specializes primarily in offering token swaps for cryptocurrencies that are stable in value. With a Total Value Locked (TVL) of almost 19 billion US dollars, Curve is the largest DeFi protocol in the entire crypto space, according to the Defi Llama analysis platform .

Source: https://defillama.com/protocol/curve

On a weekly basis, CRV is up 61.23 percent and is trading just under $ 5 at press time .

Key factors behind the ongoing CRV rally are the incentives investors are currently receiving for long-term staking of CRV. Almost 90 percent of all CRV tokens are currently in staking smart contracts, with an average blocking period of 3.68 years. This development has led to a severe supply shortage of CRV – if the demand for CRV remains the same or increases, this means price growth.

The Financial Task Force (FATF) proposes new rules for DeFi

The international organization FATF proposed new guidelines on the regulation of digital assets (VASP) in a report published on October 28th . In addition to non-fungible tokens (NFTs), this report also looked at decentralized finance.

All companies that offer services in connection with stablecoins and blockchain-based DeFi protocols should therefore be obliged to closely monitor the data of their customers in order to prevent money laundering and terrorist financing. In plain language, this means that every founder, owner and operator of a DeFi protocol should carry out a know-your-customer procedure (KYC).

Unsurprisingly, the reactions in the DeFi community were quite negative. Miller Whitehouse-Levine, the policy director of the recently formed DeFi Education Fund, criticized the FATF’s guidelines in several tweets . He doesn’t think that decentralized finance can be easily integrated into the existing guidelines of the traditional financial world. He is also of the opinion that it will be a long time before the FATF’s requirements can be implemented in practice.

Notwithstanding these concerns, the practical impact of these guidelines is likely to be relatively limited. We are still a long way from doing this in practice.

Cream Finance: DeFi hack clears $ 130 million

One reason why regulation in the DeFi space can make sense was recently demonstrated by a hacker attack on Cream Finance (CREAM). The DeFi protocol fell victim to a hacker attack this week for the third time in its young history. The attacker stole around 130 million US dollars . As is so often the case, a security hole in the smart contracts made the hack possible.

PeckShield uncovered the  vulnerability . The blockchain security service provider announced that the attacker used a flash loan to get the funds in the smart contracts. According to blockchain records, around 130 million US dollars were stolen in this way.

Extras

Intro:

For some time now, decentralized finance, or DeFI (for Decentralized Finance in English), has started to be talked about a lot in the cryptosphere. The resulting applications can offer a multitude of possibilities to cryptocurrency users.

What is Defi (Decentralized Finance)?

What is DeFi and what are its origins? Decentralized Finance simply aims to offer an ecosystem of financial services without intermediaries. In our traditional financial system, it is mainly the banks which are the depositaries of the funds and which guarantee the exchanges. With DeFi, users keep their funds in their personal wallet (or wallet ) and transactions are done directly from user to user via blockchain and digital “contracts” created by specific applications .

DeFi is open to everyone and, like any open-source system, each user can contribute their ideas and contribute to its development, thus offering a strong potential for financial applications . And whether you are a beginner or a seasoned amateur, everyone can learn about and deepen their knowledge of decentralized finance and its challenges.

In everyone’s mouth today, the first real use relating to decentralized finance appeared in 2009 with Bitcoin and its peer-to-peer system , that is to say a concrete means of directly exchanging funds. assets between users without having to go through an intermediary as in traditional finance.

The main applications and possibilities of DeFi

As we have seen previously, decentralized finance is defined as a new financial ecosystem outside regulated markets and it is expanding rapidly. The main services offered by traditional banks have appeared and are therefore now accessible with a simple smartphone , anywhere in the world, even for those who do not have access to the banking system.

It is now possible to borrow or lend money against interest via certain applications; this can have many advantages over conventional loans. Obtaining guarantees, insurance or mortgages is now possible. In these cases, it is often stablecoins that will be used and help fight against the volatility of cryptocurrencies by being indexed to the dollar, for example, in order to have the most stable value possible.

The limits of DeFi

True decentralized finance would, by definition, require that there be no intermediary or centralization of projects and that the system develops by itself; However, in order to develop, the platforms need to set up a team and funds and therefore to pool skills. Each platform therefore tries to create its own DeFi ecosystem which will therefore compete with the ecosystems of other platforms.

Obviously, regulators are also watching the development of decentralized finance very closely to find and give it a regulatory framework. The subject is also currently under discussion within the European Commission.

Metaverse Token Rally: Ethereum and Solana explode

By
Edmund Hurtt
-
0

In the Metaverse hype, the prices on the crypto market are boiling and Solana is defying Ethereum. The market update.

Investors in the crypto market continue to respond with large investments to the news that Facebook (now Meta ) wants to bring the Metaverse into the mainstream. Smart contract networks like Ethereum or Solana, on whose blockchains the Metaverse applications can be built, are running like never before and are living out their rivalry in the market. But the metaverse doesn’t actually exist. At least not just one thing. Because wherever Facebook invests, the usual suspects, i.e. Microsoft , Google and Co. not be far. In short: Big Tech is mobilizing vigorously virtual competence these days and is advancing more and more aggressively into the still young field of VR and AR. What does this mean for the crypto market?

New record high

While the # 1 cryptocurrency, Bitcoin (BTC), scraped at its latest all-time high last night, it is trading at $ 62,890 at the time of writing. After Polkadot (DOT) recorded a new all-time high on yesterday, November 2nd due to the upcoming Parachain auctions and the probable “Go” for crowdloans, the coin is currently on a price increase of more or less 3 percent together with Cardano (ADA) Daily comparison. Ripple (XRP) shines this morning of November 3rd with a price increase of around 8 percent in the last 24 hours – at a current price of 1.19 US dollars.

The Memecoin troop behind Shiba Inu (SHIB) and Dogecoin (DOGE) posted a minus in the daily comparison. While SHIB recently wrote record numbers in terms of price increases, Shiba Inu lost almost 7 percent in the last 24 hours.

It was not until October 29 that the Ethereum (ETH) posted a new all-time high of 4,416 US dollars after the successful hard fork in the Ethereum network. Now Ethereum is making waves again with a new record high of around $ 4,634. But the DeFi top dog is not alone with its news. Smart contract competitor Solana can also record a new all-time high of around $ 230. This corresponds to a price increase of over 10 percent during the last 24 hours.

The total market capitalization of the crypto market amounts to around 2.9 trillion US dollars. With an increase of 3 percent from November 2, it scratched again at the 3 trillion US dollar mark.

BTC Price Forecast: Bitcoin to $ 98,000 in November? Trial by fire for stock-to-flow model

Metaverse competition

Although it can only be guessed why Ethereum and Solana are currently on a high flight, the Metaverse is obvious. Ever since Meta got the Metaverse stone rolling for the mainstream by changing its name, the news on the subject has been increasing.

It was not until yesterday, November 2nd, that the Metaverse game “The Sandbox” announced that it had raised around 93 million US dollars in a current funding round. The game is based on the Ethereum blockchain and saw an increase of almost 240 percent with its SAND token. But Ethereum competitor Solana made his own headlines in the Metaverse-affine area as the official NFT partner of the 1st and 2nd Bundesliga. The network, often referred to as the “Ethereum killer”, only made headlines this morning when it became known that Solana Ethereum was hot on the heels of NFT sales.

We are perhaps closer to the metaverse than we think. The list of game tokens is getting longer and longer. It seems as if a lot is moving in the background – and various tokens are competing in the foreground to claim the space as a go-to blockchain solution in virtual space.

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