Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a hospital and a school.President Bukele predicted … [Read more...] about President Bukele predicts Bitcoin $100k rally, further legal adoption and more
Predicts
Goldman Sachs predicts $8,000 per Ethereum (ETH) by the end of 2021
As the year is gradually drawing to a close, a number of high-profile predictions have begun to emerge on what the value of some of the leading digital assets could be. The latest is from leading investment bank Goldman Sachs who predicted that Ethereum’s value could rise to $8,000 before the end of the year. Ethereum to hit $8,000 According to a research note, attributed to … [Read more...] about Goldman Sachs predicts $8,000 per Ethereum (ETH) by the end of 2021
Layer-2 Cardano “a necessity” as Hoskinson predicts a huge spike in network traffic
Cardano founder Charles Hoskinson calls Hydra “a high commercial priority,” due to an expected rise in the scale of traffic in the coming months. Especially in the near term, as projects in Africa begin to roll out.He added that, at the moment, research is still ongoing with Hydra. But, generally speaking, things are “converging” to a (version) “1.0.”Hydra is a layer 2 scaling … [Read more...] about Layer-2 Cardano “a necessity” as Hoskinson predicts a huge spike in network traffic
ETH 2.0 will help Ether outpace Bitcoin, Pantera Capital CEO predicts
Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency.As a newer cryptocurrency, Ether has more potential than Bitcoin, Morehead said at the Reuters Global Markets Forum on Monday, noting that the latest Ethereum Improvement Proposal (EIP) … [Read more...] about ETH 2.0 will help Ether outpace Bitcoin, Pantera Capital CEO predicts
Bitcoin drops below $36K as century-old financial model predicts big BTC crash
Overconfident Bitcoin (BTC) bulls would need to battle more than just Elon Musk as a price prediction model — created by technical analyst pioneer Richard Wyckoff more than 100 years ago — also goes against their wild upside predictions.Dubbed as Wyckoff Method, the model involves a five-phase approach to determine price trends that majorly involve investors' psychological … [Read more...] about Bitcoin drops below $36K as century-old financial model predicts big BTC crash