The crypto markets for CRYPTOCAP:BTC after this week's Bitcoin ETF announcement hasn't looked all that great, despite its anticipation over the last several years.
This week many of the proof-of-stake (PoS) projects that offer staking rewards (interest) have vastly outperformed its competition - is the the future to come, or does proof-of-work still have some hope?
Traders/Investors,
Everything is playing out as expected. This is good news, however, we must always proceed carefully, cautiously, and with good trade strategy. Previously, I indicated what indicators we are waiting for to enter/re-enter this latest bull move. Those indicators have occurred. Now, we must look at what could be next.
Stew
I go over Ethereum and some formations I see quickly, as well as briefly touching on the upcoming Shagnhai update! Let me know what you think and if you have any chart requests!
~EBITDAtiger
Following this week's inflation report and the much-anticipated "The Merge" on Ethereum's ecosystem, the crypto markets took a massive dip - in particular, ETH itself. This is the classic "buy the rumor, sell the news" pattern as the hype towards the merge date neared, then the massive-selloff right after.
But not all coins were in the red - COSMOS (ATOM) did...
Lots of things happening in finance today. US inflation is at 8.3% (higher than expected with no end in sight), which tanked both crypto and the stock market at the same time. Goes to show that there's still a lot of overlap between the two right now.
Also coming up is the much anticipated "merge" on Ethereum (going to happen some time this week, according to...
News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and
I would...
This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype.
- The idea of "store of value" applies to all money and...
Ethereum holders were hoping for a big rally after this week's "merge" on ETH's primary test network, Ropsten, but so far the markets have been responsive.
Coins that offer staking rewards, however, did fairly well this week as a whole - the two winners being Tezos (XTZ) and Chainlink (LINK) which saw big gains today and over the course of this week as a...
Tezos (XTZ) broke from the pack yet again today, outperforming most major coins despite today's downturn in the overall markets.
- Fork-less upgrades and on-chain governance models on XTZ provide tangible solutions to a lot of the issues the crypto industry is going through right now, especially in DAOs.
- Recession talks are getting more people into a savings...
Made a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now.
- Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down,
- Banks are taking their time raising interest rates on savings accounts while pushing mortgage...
As of this week, Tezos (XTZ) was one of the few coins that actually ended up in the green, showing a type of independent movement that has never been seen before. What's driving the excitement behind the project that caused people to buy the dip?
A quick look at traditional banking CDs (certificate of deposits) vs the new "staking" service that the Ethereum network has started to offer as of December.
When looked at it from an average customer's point of view, getting into crypto is -- and should be -- a no brainer, really. Also gets into the reasons why ETH is doing really well right now, and will...
