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SOL Price Prediction: Solana’s cost exceeded $ 192

By
CT Forecast (Staff Writer)
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0

Solana (SOL), one of the most successful projects of the last month, never ceases to amaze. The currency’s capitalization has passed the $ 55 billion mark, so this cryptoasset has every chance of moving Ripple (XRP) from sixth place in the CoinMarketCap croak soon. (Also Read: Salvador bought 400 Bitcoin (BTC) and is ready to legalize cryptocurrency)

After SOL pushed Dogecoin (DOGE) from the seventh row of the CoinMarketCap rating and stopped climbing around $ 140, many thought that the altcoin rally, suddenly appearing in the TOP 10 for cryptocurrencies, was going to s ‘Stop. However, Solana found a way to respond to the pessimistic mood of some negotiators and once again captured the minds of the entire crypto community.

At the time of writing this article, Solana is trading at a price range above $ 190 and it doesn’t look like this asset is going to stop. The project’s market cap has exceeded $ 55 billion and to move Ripple out of its place SOL only needs to cross the $ 230 mark.

Recall that Solana has already overtaken Polkadot, Chainlink, Dogecoin and Uniswap in market capitalization. The asset is still far from emulation with Ethereum, however, this no longer seems to be something unattainable.

The Solana protocol is designed to facilitate the creation of decentralized applications (DApps). It is geared towards improving scalability by introducing Proof of History (PoH) consensus in combination with blockchain consumer Proof of Stake (PoS) consensus.

Thanks to its innovative hybrid consensus model, Solana appeals to small traders as well as institutional investors. The main objective of the Solana Foundation is to make decentralized finance available on a large scale.

SOL’s current price spike is believed to be related to a recent announcement by FTX CEO Sam Bankman-Fried regarding the introduction of an NFT exchange platform that allows for an act of buying / selling. sale of non-fungible tokens between the Solana and Ethereum blockchains.

Solana (SOL) Price Prediction/Forecast for 2021, 2022, 2023, 2024, 2025 and 2030

At Citytelegraph we predict future Solana price predictions/SOL forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Solana. We do our best to collect maximum historical data for the SOL coin which include multiple parameters like past price, Solana marketcap, Solana volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.

Solana Price Prediction 2021

According to our deep technical analysis on past price data of SOL, In 2021 the price of Solana is predicted to reach at a minimum level of $119.75. The SOL price can reach a maximum level of $132.31 with the average trading price of $124.21.

Solana Price Prediction 2022

The price of Solana is predicted to reach at a minimum level of $180.84 in 2022. The Solana price can reach a maximum level of $210.24 with the average price of $185.81 throughout 2022.

Solana Price Prediction 2025

Solana price is forecast to reach a lowest possible level of $555.02 in 2025. As per our findings, the SOL price could reach a maximum possible level of $673.84 with the average forecast price of $575.41.

Solana Price Prediction 2026

According to our deep technical analysis on past price data of SOL, In 2026 the price of Solana is forecasted to be at around a minimum value of $854.62. The Solana price value can reach a maximum of $985.10 with the average trading value of $877.64 in USD.

Solana (SOL) Price Prediction 2027

The price of Solana is predicted to reach at a minimum value of $1,252.52 in 2027. The Solana price could reach a maximum value of $1,509.09 with the average trading price of $1,287.62 throughout 2027.

Solana Price Prediction/Forecast 2028

As per the forecast and technical analysis, In 2028 the price of Solana is expected to reach at a minimum price value of $1,806.58. The SOL price can reach a maximum price value of $2,166.13 with the average value of $1,870.96.

Solana (SOL) Price Prediction 2029

The price of Solana is predicted to reach at a minimum value of $2,696.51 in 2029. The Solana price could reach a maximum value of $3,124.99 with the average trading price of $2,771.35 throughout 2029.

Solana Price Prediction 2030

Solana price is forecast to reach a lowest possible level of $3,772.15 in 2030. As per our findings, the SOL price could reach a maximum possible level of $4,586.83 with the average forecast price of $3,910.72.

Salvador bought 400 Bitcoin (BTC) and is ready to legalize cryptocurrency , price forecast and more

By
Stella Mason
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0

A few hours ago, Salvadoran President Nayib Bukele said that the country’s government has already acquired 400 Bitcoin (BTC). It happened on the eve of the law’s entry into force, which introduced cryptocurrency as an official means of payment. (Also Read: Cheap electricity attracts Bitcoin (BTC) miners to Venezuela)

Purchase of the first Bitcoins

Yesterday afternoon, Bukele said the country had acquired the first 200 BTC. He also promised that there would soon be many more digital assets in the country, as brokers brace for new transactions.

Hours later, the president announced that Salvador had purchased an additional 200 Bitcoins, increasing the cryptocurrency stock to 400 BTC. (Must Read: Bitcoin (BTC) requires more precise regulation, says Cathie Wood, director of Ark Invest)

After the publication, the cost of Bitcoin exceeded $ 52,000. Today, El Salvador, considered one of the poorest countries in the Western Hemisphere, is on the verge of introducing two new official currencies into the country: Bitcoin and the US dollar.

Criticism of the new BTC law

The conservative opposition party, the Republican Nationalist Alliance (ARENA), mocked Nayib Boukele’s decision. She accused the government of losing around $ 10 million due to a similar monetary policy.

To this, the President replied that during the reign of the opposition bloc (1989-2009), there was constant embezzlement of public funds in the country. He said his expenses represented less than 0.03% of the losses suffered by El Salvador during those years.

At the start of the summer, Bukele announced his intention to introduce cryptocurrency as a legal means of payment. After making a deal with the Strike payment app, the country was given the opportunity to install hundreds of ATMs to conduct cryptocurrency transactions. In addition, Salvadorians provided a service to create a โ€œChivoโ€ digital wallet. This name translates from Spanish as โ€œcoolโ€. (Addition Information: Residents of El Salvador refuse to accept Bitcoin (BTC))

All of this has been done to strengthen the Salvadoran economy and make the financial system more transparent. Most of the people in the country do not have a bank account. Therefore, their parents who work abroad are forced to pay high fees by sending money home.

However, the president’s decision sparked outrage and sparked protests in San Salvador. Among the demonstrators, there were many retirees. They fear having their pension in the digital currency, the market value of which is unstable. However, Bukele said Bitcoin will not become mandatory, but will only be additional means of payment for those that already exist.

Not only do the locals express their dissatisfaction, the criticism also comes from abroad. Yesterday, the Los Angles Times published an article in which Bukele was accused of “destroying democracy”.

Support a bold decision

Much to the president’s joy, he has a lot of supporters. For example, MicroStrategy founder Michael Sailor encourages all crypto enthusiasts to spend $ 30 today on virtual currency. It will be a sign of solidarity with Salvadorans and the president of the country.

Nayib Bukele hopes his decision and the new law will draw the attention of other countries to El Salvador. It is certain that today many people will follow what will happen in his country.

Hopefully Salvadorans will appreciate their leader’s efforts and accept Bitcoin as a legitimate payment method.ย Such a decision could constitute an important step towards the development of the country.

Bitcoin Price Prediction 2025 โ€“ Long Term Outlook

Our Bitcoin forecast over the long term is very optimistic. As noted in the section above, Bitcoin does have some influential technical analysis and fundamental factors that go in its favour. The previous all-time highs will naturally draw the Bitcoin price to this level, representing an increase of 41% from todayโ€™s price.

Major players in the crypto space, such as Elon Musk and Jack Dorsey, have sung Bitcoinโ€™s praises recently. The fact that people of this magnitude are talking up Bitcoin indicates the currencyโ€™s value. Furthermore, with huge companies such as Amazon and Apple seemingly adopting Bitcoin, the future looks bright.

Itโ€™s also worth pointing out potential risks within this Bitcoin stock forecast. For one, the constant regulation from China is always a threat to Bitcoin trading. The Chinese economy looks set to play a significant part on the global stage in the future โ€“ and if Bitcoin is not adopted widely by China, it could pose significant problems. In addition, the persisting rumours about US regulation of Bitcoin donโ€™t seem to be going away, which would definitely affect the coinโ€™s price if they proved to be true.

With these points in mind, our Bitcoin price prediction 2025 could see the digital currency head towards the fabled $100,000 mark. The Bitcoin journey will never be plain sailing, so there will undoubtedly be stumbling blocks along the way. However, $100,000 is certainly a reasonable target given the technical and fundamental factors in play.

A recent Forbes article suggested that Bitcoin could perhaps be worth over $300,000 by 2025. Although this is a possibility, we believe Bitcoinโ€™s upwards trajectory may be a little slower than that.

Our Bitcoin price prediction 2030 hints at a much higher valuation for the currency. Over the next nine years, we can foresee a shift towards digital currencies, removing the need for traditional FIAT currencies. Due to Bitcoin being the โ€˜first moverโ€™ in this area, itโ€™s natural that institutions will gravitate towards this cryptocurrency over other ones.

If this occurs, there is undoubtedly scope for Bitcoin to head towards the $400,000 mark. As a disclaimer, itโ€™s hard to determine an exact figure as there are no technical factors to base this on. However, if you are looking toย buy Bitcoin UKย today, the outlook is certainly bright for a bull market going forward.

Solana (SOL) Price Prediction: Why it could reach $ 350, thus demonstrating threefold growth

By
CT Forecast (Staff Writer)
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0

Solana has made huge strides this year. The price of the SOL token is growing non-stop, while the digital asset itself has already entered the top ten cryptocurrencies according to CoinMarketCap. Many investment giants, including Spartan Capital, have also turned their gaze towards this blockchain. (Also Read: JPMorgan analyzed the current position of Bitcoin (BTC) and other cryptocurrencies)

The Solana network itself is an open source project. Its purpose is

implementation of high-performance blockchain as well as facilitating the creation of decentralized applications (DApp). The Solana Protocol uses Proof of History (PoH) consensus in conjunction with the core Proof of Stake (PoS) consensus to improve scalability, thus attracting interest in the network from both small traders and institutional investors. SOL is the blockchain’s own token. The Solana network is supported by the Geneva-based Solana Foundation. (Exclusive News: Salvador bought 400 Bitcoin (BTC) and is ready to legalize cryptocurrency)

The crypto community expects the rapid growth of the SOL token

For example, today on Twitter, one of the partners of the aforementioned Spartan Capital said that the SOL token may well reach a price that is three times its current value. (Also Read: Russia is not ready to recognize Bitcoin (BTC) as an official means of payment)

This comment came the day after SOL broke through the $ 100 resistance and then broke the $ 110 mark. ( Exclusive: Solana’s cost exceeded $ 192)

It is also worth mentioning that Spartan Capital is a cryptoasset management company that has been in investment research for over 20 years and has experience in managing the capital of well-known companies such as Goldman Sachs and Indus Capital. 

However, despite the fact that when talking about this blockchain it is impossible to do without the words โ€œincredible growthโ€ and โ€œamazing successโ€, many still consider this network to be underrated.ย With the entire crypto community awaiting an Alonzo hard fork on the Cardano mainnet, which should see the network’s token grow dramatically, few people noticed that SOL could easily climb to the unthinkable $ 350 mark. (Must Read: Ripple left behind, Solana in the fast lane)

At the same time, a user under the nickname Bluntz said on Twitter that his assumptions about the growth of SOL were confirmed, which means that he is almost completely confident in the growth of the token to at least $ 200.

Twitter user โ€œKALEOโ€ stated that even though he considers himself one of the most optimistic people in the entire crypto space, even he is amazed at SOL’s recent successes.

Matt Ballensweig, Head of Global Lending and Digital Asset Finance at Genesis, also said that this crypto asset is undervalued, especially when you consider that the current market cap of the SOL token is about 6% of the market cap of ETH.

In addition, he also noted that the SOL token is now actively used in many capital markets such as SRM, MNGO, RAY and PYTH. Ballensweig said he was already looking forward to further developments.

Crypto-analytics startup Santiment has also been hit with the success of the Solana token. In his twitter, he stated that as long as the price of SOL continues to rise to new highs, its social dominance will also grow, since such successes cannot fail to attract attention from traders.

SOL token has grown 77 times in 2021

At the time of this writing, the SOL token is already trading at $ 124.39, thus setting another record. 

Below is a chart of the SOL price from TradingView, showing the growth of the token over the last 24 hours.

In addition, TradingView also provided a full year 2021 SOL growth chart.

According to this graph, since the beginning of 2021, the SOL token has grown by 7,700%, although CoinStats claims in its twitter that it has grown by almost a hundred times. 

And although this token has not yet been able to overcome the unimaginable 10,000% mark, it is quite possible that SOL will be able to fulfill this goal in the near future.

Solana (SOL) Price Prediction/Forecast for 2021, 2022, 2023, 2024, 2025 and 2030

At Citytelegraph we predict future Solana price predictions/SOL forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Solana. We do our best to collect maximum historical data for the SOL coin which include multiple parameters like past price, Solana marketcap, Solana volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.

Solana Price Prediction 2021

According to our deep technical analysis on past price data of SOL, In 2021 the price of Solana is predicted to reach at a minimum level of $119.75. The SOL price can reach a maximum level of $132.31 with the average trading price of $124.21.

Solana Price Prediction 2022

The price of Solana is predicted to reach at a minimum level of $180.84 in 2022. The Solana price can reach a maximum level of $210.24 with the average price of $185.81 throughout 2022.

SOL Price Forecast for 2023-2024

As per the forecast price and technical analysis, In 2023 the price of Solana is predicted to reach at a minimum level of $271.37. The SOL price can reach a maximum level of $309.54 with the average trading price of $280.66.

The price of 1 Solana is expected to reach at a minimum level of $393.74 in 2024. The SOL price can reach a maximum level of $470.32 with the average price of $407.77 throughout 2024.

Solana Price Prediction 2025

Solana price is forecast to reach a lowest possible level of $555.02 in 2025. As per our findings, the SOL price could reach a maximum possible level of $673.84 with the average forecast price of $575.41.

Solana Price Prediction 2026

According to our deep technical analysis on past price data of SOL, In 2026 the price of Solana is forecasted to be at around a minimum value of $854.62. The Solana price value can reach a maximum of $985.10 with the average trading value of $877.64 in USD.

Solana (SOL) Price Prediction 2027

The price of Solana is predicted to reach at a minimum value of $1,252.52 in 2027. The Solana price could reach a maximum value of $1,509.09 with the average trading price of $1,287.62 throughout 2027.

Solana Price Prediction/Forecast 2028

As per the forecast and technical analysis, In 2028 the price of Solana is expected to reach at a minimum price value of $1,806.58. The SOL price can reach a maximum price value of $2,166.13 with the average value of $1,870.96.

Solana (SOL) Price Prediction 2029

The price of Solana is predicted to reach at a minimum value of $2,696.51 in 2029. The Solana price could reach a maximum value of $3,124.99 with the average trading price of $2,771.35 throughout 2029.

Solana Price Prediction 2030

Solana price is forecast to reach a lowest possible level of $3,772.15 in 2030. As per our findings, the SOL price could reach a maximum possible level of $4,586.83 with the average forecast price of $3,910.72.

After Doge, Wifedoge, “the wife” of Dogecoin (DOGE) made a resounding entry

By
Christopher Patillo
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0

Wifecoin or Wifedoge , the cryptocurrency considered to be the “wife” and clone of Dogecoin (DOGE), has significantly increased its market capitalization. It jumped over 3,000% in a single day, according to statistics from CoinMarketCap . Elon Musk’s support has something to do with it, but is it for as much that it is appropriate to invest in this digital asset? (Also Read: JPMorgan analyzed the current position of Bitcoin (BTC) and other cryptocurrencies)

Elon Musk , a pillar of Wifedoge’s growth  ?

On Tuesday the 31st, theย Wifedogeย successfully traded the market cap ofย $ 2.32 millionย , which corresponds to a good ofย 3,294.29%.ย However, the DOGE โ€œwifeโ€ failed to stay the course.ย On Thursday, September 2, its market capitalization fell to $ 301,406. (Must Read: Cheap electricity attracts Bitcoin (BTC) miners to Venezuela)

Wifecoinย is aย cryptocurrencyย that appears to be a parody ofย Dogecoinย which, too, was launched with the aim of parodyingย Bitcoinย (BTC).ย Its creators ensure that the value of eachย Wifecoinย tokenย willย be equivalent to that ofย Dogecoinย (DOGE).ย This is great news for investors, considering that DOGE has increased its value by 4,600% in just one year.ย Moreover,ย Elon Muskย andย Mark Cubanย consider it to beย the โ€œstrongestโ€ cryptocurrency.

The creators ofย Wifecoinย have also announced that they will reserve 5% of theย Wifedogeย unitsย forย Elon Muskย .ย “We will give them to you at the right time, otherwise 5% of the tokens will be blocked forever,”ย read a tweet from theย Wifecoinย accountย .

Why such a generous gesture on the part of the creators of the cryptocurrency?ย They are hoping that this “meme of the meme” will gain the support ofย Elon Muskย , whose opinion plays on the price of digital assets.ย While waiting for him to draw attention to the “wife” of DOGE, the creators ofย Wifecoinย wanted to express theirย gratitudeย onย Twitterย .

โ€œThanks Elon Musk.ย I am Wifedoge.ย Doge’s wife!ย Now is the fourth day of launch on Pancakeswap!ย Thanks for tweeting to support Wifedoge.ย Trust us, we will soon surprise global investors even more.ย Our team works hard, โ€ย read another tweet.

Investing in Wifedoge , a good plan?

Should you invest in the Wifedoge  ? This is the question investors are asking themselves. The experts have a positive response. At least they argue that the vertiginous ‘ups and downs’ of digital assets are caused by the fraudulent manipulation of the cryptocurrency market , which causes a lot of people to lose money.

โ€œThe sharp rises and falls in the price of assets with low liquidity are often the result of fraudulent manipulations known as ‘pump and dump’ which consist in inflating their value and then selling it at overvalued prices. The lack of regulation in the cryptocurrency market means that many investors fall victim to this scheme, โ€ RT said.

The choice of whether or not to invest in Wifedoge is purely and strictly personal , as is also the case for all other cryptocurrencies. If you want to invest, invest only what you can afford to lose . This is one way to protect against fluctuations in digital assets. Either way, owning cryptocurrencies, which can skyrocket in value by over 3,000% in 24 hours, is always beneficial.

Wifecoin , the โ€œwifeโ€ of Dogecoin (DOGE) continues to make headlines in the cryptocurrency world. Supported by Elon Musk and Mark Cuban , DOGE has gained strong popularity and increased in value. It seems that his “wife” will follow the same path. Meanwhile, within 24 hours, its market capitalization increased to 3,294.29%.

Cheap electricity attracts Bitcoin (BTC) miners to Venezuela

By
Naomi Glover
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0

Very low electricity rates have favored those looking to mine Bitcoin (BTC) or other
cryptocurrencies to do so in Venezuela. According to Theodoro Toukoumidis, CEO of
Doctorminer, to pay for the uninterrupted operation of more than 80 application-specific integrated circuits (ASICs), less than $ 10 a month is spent in this country. (Also Read: Salvador bought 400 Bitcoin (BTC) and is ready to legalize cryptocurrency)

At the moment, the network has about 1,500 miners connected. But undoubtedly there are many more people who would like to mine cryptocurrencies, but not all of them have enough money to buy the necessary equipment.

Why are there so few miners?

Mining is a way to extract Bitcoin (BTC) or other digital assets by solving complicated tasks
with the computer. The equipment must be powerful and, therefore, it costs a lot, in addition, it requires a lot of electricity for its operation, which also entails certain expenses.

According to The Times of India, Venezuela is an ideal country for mining. There this type of activity is legal and is under the control of the Superintendency of Crypto Assets and Related Activities (Sunacrip). But not all Venezuelans can become a miner. The minimum wage in the country does not exceed $ 10, while a proper computer costs around $ 400.

But even those who can afford to buy the necessary equipment and start the cryptocurrency mining process , face various problems. One of the most serious is regular power
outages. In August this year, the authorities cut off the electricity supply on several
occasions due to the overload of the network caused by a massive connection of miners.

Development of the digital economy in Venezuela

Many Venezuelans stopped working and started playing Axie Infinity, where AXS tokens can be received . This game is gaining popularity, even though access is no longer free. The growing number of bitcoin miners is also contributing to the development of the
digital economy in Venezuela.

Bitcoin Mining Calculator

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Bitcoin (BTC) requires more precise regulation, says Cathie Wood, director of Ark Invest

By
Stella Mason
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0

Cathie Wood, CEO of Ark Invest, thinks that the cryptocurrency markets are far from the price bubble and says that what Bitcoin (BTC) does need is regulation that will clarify everything. (Also Read: Why SOL could reach $ 350, thus demonstrating threefold growth)

Will outperform gold

During the interview with Yahoo Finance , the finance specialist assured that the future of cryptocurrencies is quite promising. Wood disagrees with John Polson’s recent criticism of cryptocurrencies, particularly bitcoin. He argues that bitcoin will succeed in surpassing gold as a depository of cost to our digital world. (Must Read: Residents of El Salvador refuse to accept Bitcoin (BTC))

A few days ago, Polson told the Bloomberg agency that, in his opinion, cryptocurrencies will eventually lose their meaning: โ€œMany will disagree with me, but I suppose you don’t need to invest in cryptocurrencies. At the end of the day, I think that cryptocurrencies, regardless of where they are traded now, whether they go up or down, they will become useless. “

Cathie Wood refuted his words, saying: โ€œWe (Ark Investment) believe that you don’t realize what cryptocurrencies are, they are more than a deposit of cost or digital gold. Bitcoin is a new global monetary system that is completely decentralized and does not depend on the whims of politicians.

Cathie Wood thinks the popularity of cryptocurrencies is justified

In the talk, Wood also told about his investments in Coinbase and Robinhood that rank as the most prominent exchanges in the US He noted that Robin Hood’s move to cryptocurrencies has been very positive for his business model, and although the SEC may be trying to tighten supervision, he does not expect any negative changes in the near future that may upset investors.(Exclusive: JPMorgan analyzed the current position of Bitcoin (BTC) and other cryptocurrencies)

On the other hand, Cathie Wood underscored how comfortable she felt investing in Coinbase. This single publicly traded exchange of cryptocurrencies is a global exemplar that ticks all the boxes overall, she says.

Cathie Wood does not think that cryptocurrencies are in the price bubble. Wood assumes that the cryptocurrency industry is simply growing as technologies develop and the frenzy in demand for digital assets is quite justified. She is sure that the current rebound will last at least another 10 more years.

Bitcoin (BTC) requires more precise regulation

Cathie Wood is not cyberpunk, nor does she propose to destroy the financial system that exists. On the contrary, he is advocating for more precise regulation by virtue of the fundamental factor for cryptocurrencies to be supported globally. However, according to her, the main problem is that there is no common opinion among various bodies that regulate cryptocurrencies.

 โ€œIf regulators get together and come to an agreement on what exactly cryptocurrencies are and how to define them, it would be good. The certainty would be good for the development of the ecosystem โ€.

Currently, the cryptocurrency industry is in a delicate situation precisely due to the diversity of criteria that exist among regulators. The bipartisan bill that draws a lot of criticism for a trillion dollar price tag may carry some pretty significant risks for crypto companies aspiring to establish themselves in the country. Technology may be moving faster than politics at the moment, but at some point they will have to meet and come to an agreement. (Must Read: Elon Musk praised the success of Dogecoin developers)

According to Cathie Wood, executive director of Ark Invest, she thinks the cryptocurrency markets are far from the price bubble, therefore, what Bitcoin (BTC) does need is regulation that will clarify everything. The crypto industry is simply growing as technologies evolve and the frenzy in demand for digital assets comes naturally.

Bitcoin Price Forecast: JPMorgan analyzed the current position of Bitcoin (BTC) and other cryptocurrencies

By
CT Forecast (Staff Writer)
-
0

One of the largest investment banks, JPMorgan, has released new investor notes. In them, he noted that the crypto markets are again beginning to resemble an economic bubble.

Bitcoin and Ethereum Recover After June Shocks

According to the records of the JPMorgan team, this state of the digital asset market was the result of a sharp increase in demand for cryptocurrencies from retail investors. In turn, the growth in demand was driven by historically low interest rates, as well as favorable forecasts by the US Federal Reserve System (FRS) for the rest of this year. (Also Read: Rippleโ€™s David Schwartz comments on Elon Muskโ€™s tweet about Starlink and Afghanistan)

JPMorgan analysts report that net capital inflows to the US stock market in August were $ 13 million, which is a huge amount in itself. And in July, it even reached $ 16 million. Of course, such an inflow of capital did not bypass the virtual asset market, because it is largely thanks to it that the popularity of cryptocurrency markets increased at the end of summer. (Must Read: Doge Price Prediction: Elon Musk praised the success of Dogecoin developers)

As we all remember, in May, cryptocurrencies such as Bitcoin and Ethereum reached their highs, after which they fell sharply by more than 50% in early summer. However, at the end of July, they began to recover. This is reflected in the six-month Bitcoin and Ethereum growth chart presented by Tradingview.com

JPMorgan Says Bitcoin Continues To Lose Its Dominance And Altcoins Rise Rapidly

But the success of the leading cryptocurrencies does not even come close with altcoins and non-fungible tokens (NFT), as their popularity is growing at a tremendous rate. For example, Solana has already set several new records, and its shares are up 70 times since the beginning of the year.

At the same time, the dominance of the first cryptocurrency fell sharply, due to the growth of Ethereum (ETH) , Cardano (ADA) , Ripple (XRP) and Binance Coin (BNB) . At the moment, the total share of BTC in the market capitalization of cryptocurrencies is just over 40%, while at the beginning of 2021 it was almost 75%. This is evidenced by the Bitcoin dominance chart from Traidingview.com.

Research group JPMorgan reports that altcoin trading currently accounts for about a third of the entire cryptocurrency market, up 22% from a month ago.ย However, JPMorgan analysts believe that this is not a reflection of a new trend gradually gaining popularity, but an economic bubble. (Must Read: Solana (SOL) Price Prediction: Why it could reach $ 350, thus demonstrating threefold growth)

But it’s worth noting that despite the fears of investment bank JPMorgan about the digital asset market, there are currently no signs that the rapid growth of cryptocurrencies could slow down anytime soon.

Bitcoin price prediction for September 2021.

In the beginning price at 47160 Dollars. Maximum price $59699, minimum price $46361. The average for the month $51877. Bitcoin price forecast at the end of the month $54289, change for September 15.1%.

BTC to USD predictions for October 2021.

In the beginning price at 54289 Dollars. Maximum price $63155, minimum price $48479. The average for the month $56237. Bitcoin price forecast at the end of the month $59023, change for October 8.7%.

Bitcoin price prediction for November 2021.

In the beginning price at 59023 Dollars. Maximum price $71930, minimum price $59023. The average for the month $64300. Bitcoin price forecast at the end of the month $67224, change for November 13.9%.

BTC to USD predictions for December 2021.

In the beginning price at 67224 Dollars. Maximum price $83439, minimum price $67224. The average for the month $73967. Bitcoin price forecast at the end of the month $77980, change for December 16.0%.

Bitcoin price prediction for January 2022.

In the beginning price at 77980 Dollars. Maximum price $78434, minimum price $68172. The average for the month $74472. Bitcoin price forecast at the end of the month $73303, change for January -6.0%.

Deloitte’s annual Blockchain study: โ€œThe fiat currency will be gone within 5 to 10 yearsโ€

By
Dave Triplett
-
0

Deloitte published its annual Blockchain study:ย A new age of digital assetsย .ย In particular, we learn that 76% of financial executives believe that bitcoin and โ€œย digital assets will serve as an alternative to fiat currencies, or even replace them, in the next 5 to 10 yearsย โ€.

The currency whose name must not be pronounced

First of all, it should be noted that the paper does not only contain the word bitcoin onceโ€ฆ The expression โ€œdigital assets โ€ – which includes CBDC and bitcoin – is preferred. However, the authors speak of “blockchain” several times so that the unspoken is not too obvious.

The fact remains that the amalgamation between the BTC and the CBDC is grotesque when we know that the latter promises to be a substitute for cash making it possible to establish a negative rate on savings . The CBDC has absolutely nothing in common with bitcoin. Rather, it is its antithesis.

Deloitte being part of the Big 4 of global audit and consulting firms (CA $ 47 billion in 2020), one should not expect a cypherpunk manifesto either. Nevertheless, even if the cabinet carefully avoids getting wet, certain passages do not deceive:

โ€œ The proliferation of everything digital, both as a medium of exchange and as a store of value , has grown considerably.”

Store of value ? We are talking about bitcoin..

A survey without appeal

The paper is based on a survey carried out in April among 1,280 executives in 10 different countries: South Africa, Brazil, China, Germany, Hong Kong, Japan, Singapore, United Arab Emirates, United Kingdom and United States.

Note that among these 1,280 executives โ€œ all having an understanding of blockchain, crypto-currencies and digital assets, โ€ 320 came from the financial sector, including 70 digital asset pioneers.

Almost 80% of all respondents said digital assets will be โ€œ very / somewhat important โ€ in the near future.

Over 75% of financial executives strongly or somewhat agree that โ€œ their firm will lose an opportunity to gain a competitive advantage if it does not embrace blockchain and digital assets โ€.


โ€œ81% of respondents believe that blockchain technology can enable transactions on a global scale. โ€/โ€œ 78% of respondents have a leadership that believes blockchain, digital assets and / or cryptocurrency should be part of business strategy โ€(((Overall = 1280 executives surveyed; FSI overall = 320 financial executives ; Pioneer ISPs = pioneer financial executives)))

The end of cash

We spoke about it above, the great plan of the bankers is to make the cash disappear. This is what this paper confirms:

โ€œTHE END of physical money as we know it is a late – and now inevitable – development . There is a consensus among our teams that digital assets will replace fiat currencies within the next five to ten years.โ€

More than 75% of respondents (the same among financiers) believe that this change will take place within 5 to 10 years. And this figure rises to 94% among pioneer financiers who also believe that โ€œ blockchain will be a means of gaining a competitive advantageโ€.

The โ€œcompetitive advantagesโ€ are not mentioned but everyone knows them. Bitcoin is a hedge against inflation and mass surveillance. Deloitte reports, however, that the fees attached to international transactions bring banks $ 2 trillion per year . This is about 2000 times more than the fees collected by BTC miners โ€ฆ

It is true that we should talk about fees per transaction, but I refer you to the Lightning Network . And let’s not forget that Visa and Mastercard arrogate between 1% and 3% of the amount of each transaction โ€ฆ

The paper’s conclusion is that the nature of money will change over the next decade . In the future, โ€œmoney is fast and transactions cheapโ€. ” Banks and indeed all other sectors – have no choice but to adapt to change .”

Ripple’s David Schwartz comments on Elon Musk’s tweet about Starlink and Afghanistan

By
Ismael Brooks
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0

On the first day of autumn, Elon Musk posted a tweet about his Starlink project and Afghanistan. He announced that he was ready to launch a satellite over the territory of the country. Yesterday, Ripple CTO David Schwartz responded to a recent tweet from the founder of Tesla and SpaceX with undisguised irony.

Elon Musk is confident that he will launch Starlink without problems in Afghanistan, captured by the Taliban

During a conversation on the possibility of launching Starlink in Afghanistan, Lyla Kohistany expressed her wish that Elon Musk would fill the entire sky over this country with satellites. Kohistani, who previously served in naval intelligence, believes this would allow the US military to maintain contact with groups of allies.

Popular gamer, blogger, DJ, astrophysicist and programmer Scott Manley left a comment that in order to fulfill his plan, Musk will have to conclude an agreement with one of the countries neighboring Afghanistan.ย This is necessary in order to build a tower for communication with a satellite that will help the Americans in the fight against the Taliban.ย Manley attached a map to his message, which shows that Afghanistan is surrounded either by the countries of the former USSR, which are in Russia’s sphere of interests, or by those who do not want to maintain friendly relations with America.

Is Musk ready to comply with Taliban regulations

Musk replied to the messages received that he did not need stations, since the satellites would be equipped with laser communication lines interconnected. The project should be launched within six months.

When CNBC reporter Michael Sheetz asked how the head of SpaceX felt about compliance with Taliban regulations, he replied that he didn’t care. He wrote: “They can shake their fists at the sky.”

Sarcastic comment from Ripple CTO

Last December, a lawsuit began between Ripple Labs and the US Securities and Exchange Commission (SEC). The regulator accuses Ripple and two exchange executives of illegal asset trafficking.

Let’s hope that the cryptocurrency platform and all other participants in the trial will be able to come to a peace agreement, or at least quickly figure it out and deliver a fair verdict. We will also look forward to when Elon Musk launches the long-awaited Starlink.

Doge Price Prediction: Elon Musk praised the success of Dogecoin developers

By
Ismael Brooks
-
0

On September 3, Tesla developer and big fan of crypto dogs Elon Musk noted the progress made by the developers of Dogecoin (DOGE) with the release of the new version of the client. The software is designed to set the stage for the next fee reduction on the cryptocurrency network and increase node sync speed. (Also Read: After Doge, Wifedoge, “the wife” of Dogecoin (DOGE) made a resounding entry)

โ€œGood progress. By applying information theory to money, lower fees reduce noise and fast, consistent node synchronization reduces latency and jitter, โ€- wrote Musk.

Also Read:

On Twitter , Musk repeatedly mentioned the cryptocurrency meme, influencing its price. Recently, an anonymous user posted the new Dogecoin reform on a microblog. He said the network needs more new nodes to secure it. Musk responded to his tweet with one word – โ€œimportantโ€.

Dogecoin occupies the eighth position in the global cryptocurrency ranking with an average daily transaction volume of $ 1.87 billion. The current price is $ 0.30. In the last 24 hours the price has changed by -0.20%.

Recall that in May, Musk wrote on his blog that Dogecoin could defeat Bitcoin if major changes are made to the altcoin network. The billionaire also said he is working with the developers of the project to improve the transactional efficiency of the system.

Dogecoin Price Prediction 2021, 2025, 2030 | DOGE Price Forecast

Dogecoin Price Prediction 2021-2022

Dogecoin price started in 2021 at $0.0232. Today, Dogecoin traded at $0.2995, so the price increased by 1191% from the beginning of the year. The forecasted Dogecoin price at the end of 2021 is $0.57 – and the year to year change +2357%. The rise from today to year-end: +90%. In the first half of 2022, the Dogecoin price will climb to $0.61; in the second half, the price would add $0.18 and close the year at $0.79, which is +164% to the current price.

Dogecoin Prediction 2023-2027

These five years would bring a significant increase: Dogecoin price would move from $0.79 to $1.63, which is up 106%. Dogecoin will start 2023 at $0.79, then soar to $0.97 within the first six months of the year and finish 2023 at $1.14. That means +281% from today.

Dogecoin Prediction 2028-2032

In this period, the Dogecoin price would rise from $1.63 to $2.09, which is +28%. Dogecoin will start 2028 at $1.63, then soar to $1.73 within the first half of the year, and finish 2028 at $1.83. It is about +511% from today.

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