Category: Analysis
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Bitcoin blasts through $31,300: What do analysts think about BTC in Q1 2021?
The price of Bitcoin has surpassed $31,300 on Coinbase, reaching a new all-time high after blasting past $32,000. Following BTC’s surprisingly strong rally, analysts believe the momentum of Bitcoin is sufficient to see another leg up. The price of Bitcoin. Source: BTCUSD on TradingView Analyst: Bitcoin could be heading to $47,000 next According to trader…
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Cosmos developer: “We have never thought of ourselves as Ethereum killers”
Cosmos is a network of blockchains that allow it to scale better. In a way, it is more similar to Polkadot than Ethereum, but the similarity among all three blockchains is that they support smart contract-using decentralized applications. The common misunderstanding of Cosmos and even Polkadot is that these blockchain protocols are in direct competition…
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Bitcoin price’s greatest catalyst in 2021 is the expanding M1 supply—here’s why
The price of Bitcoin is surging and there are many catalysts behind it, such as institutional demand and the appetite for risk-on assets. But, there is one major factor that makes Bitcoin particularly compelling as a store of value and that is the M1 Money Supply. The price trend of Bitcoin. Source: BTCUSD on TradingView…
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Billionaire Winklevoss: Ethereum is easily the most underpriced crypto
Cameron Winklevoss, the co-founder of Gemini and the billionaire Bitcoin investor, believes Ethereum is the most underpriced cryptocurrency at the moment. Winklevoss emphasized that Ethereum is 50% away from its all-time high at around $1,400. In comparison, BTC has already surged nearly 50% from its previous record-high. He wrote: “Ether $ETH is 50% off of…
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The world of Polkadot (DOT): A 2020 year in review
According to Gavin Wood, the founder and lead developer at Polkadot, The ambitious blockchain project has had a hugely successful year and will continue to be the most decentralized network on the market. Wood published a roundup of the company’s achievements in 2020 and shared the company’s plans for next year. Grant programs and treasuries…
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Polkadot surges 67% in the past week—what’s behind DOT’s rally?
Polkadot (DOT) has increased by over 67% in the past week as the best-performing top 100 cryptocurrency in the last seven days. There are two key reasons behind the immense rally of Polkadot. First, it broke out against Bitcoin, which likely led traders to increasingly accumulate DOT. Second, it is fundamentally improving as potentially the…