Ethereum exceeds $ 700 for the first time since 2018

Ethereum exceeds $ 700 for the first time since 2018
Ethereum broke through the $ 700 level for the first time since May 2018.

Ethereum locked in DeFi has increased by 1,500%.

The transition to Ethereum 2.0 has probably played a positive role.

As Bitcoin continues its spectacular rally towards the $ 30,000 level, Ethereum has quietly kept pace in terms of annual percentage growth.

Although Bitcoin Future has already surpassed its previous record, Ethereum still has a bit more to do. In 2020, Ethereum rose 585 % from Bitcoin’s 370% growth.

Ethereum may not be gaining as much attention as Bitcoin lately, but the recovery from the $ 700 level and a market cap of $ 80 billion has generated a lot of excitement.

Ethereum Price Catalysts

There are many fundamental factors and events that have made Ethereum a more solid and more usable platform.

The two main drivers are the growth of decentralized financial applications on Ethereum and the transition to ETH 2.0.

At the start of 2020, the Total Locked-In Value (TVL) in ETH-based DeFi apps was less than $ 1 billion. Less than a year later, that figure is approaching $ 15 billion, which represents a monumental increase in its use.

This addition of value to the network, as well as the users transacting between applications, shows the real feasibility of Ethereum as a network capable of running decentralized financial applications.

Ethereum Miners Value

Another major positive factor in the Ethereum ecosystem has been the shift from validation of Proof of Work (PoW) to Proof of Stake (PoS) transactions.

This transition took place when the network changed from ETH 1.0 to ETH 2.0. With this newly implemented verification mechanism, transaction speeds on the network will theoretically be faster and overall transaction fees are expected to decrease.

Instead of using expensive and highly technical equipment to participate in network validation and earn rewards, users can now wager their ETH directly into the staking contract to start earning. To date, there is over 2 million ETH in the staking contract, which is almost 2% of the total supply and 30% of the TVL in DeFi applications.

Growth of institutional investors

Along with Ethereum’s fundamental growth, the network and its assets are also starting to gain more mainstream attention.

Grayscale Investments , one of the leading digital asset management companies, said it has institutional investors who are only interested in Ethereum, not Bitcoin. Grayscale continued to grow its underlying ETH holdings for its clients, approaching $ 2 billion in ETH.

In 43 days the CME $ ETH futures will go live.

There’s also the launch of Ethereum futures by the Chicago Mercantile Exchange, the world’s largest financial derivatives exchange. The CME has already launched Bitcoin futures, which appear to have worked well enough to warrant the creation of futures for the second largest cryptocurrency.

Overall, given the growth of Bitcoin and the cryptocurrency asset class, fundamental improvements in the Ethereum network, and the adoption of ETH by consumer and institutional businesses, Ethereum may continue to see its course reaching new heights with Bitcoin.

Milliardær Ray Dalio anerkjenner Bitcoin som gullalternativ

Milliardær hedgefondssjef Ray Dalio sier at Bitcoin kan tjene som en „diversifier“ til gull

  • Fra en boble til et gullalternativ
  • “Smart diversifisering”

Bridgewater Associates-sjef Ray Dalio har tilsynelatende myket opp sin holdning til Bitcoin, og anerkjent det som et alternativ til gull under hans siste AMA („Ask Me Anything“) -økt på Reddit.

Han hevder at det kan tjene som Bitcoin Evolution et mobilt lager for rikdom med begrenset tilgang:

„Jeg tror at bitcoin (og noen andre digitale valutaer) de siste ti årene har etablert seg som interessante gulllignende aktivealternativer, med likheter og forskjeller med gull og andre begrensede forsyninger, mobile (i motsetning til eiendomsmegling) formuer. Så det kunne tjene som en diversifiserende leverandør av gull og andre slike lager av formue. „

Fra en boble til et gullalternativ

Nylige kommentarer representerer en stor rolle i Dalios synspunkter på Bitcoin. Tilbake i september 2017 valgte han å avvise kryptovalutaen som en “boble”.

Bare i forrige måned gjentok han at det ikke var en „god formue“ på grunn av volatiliteten. Dette var etter at andre hedgefondlegende Stanley Druckenmiller mente at Bitcoin var bedre enn gull.

Likevel er Dalio langt fra å ta opp „gull 2.0“ -fortellingen. Grunnleggeren av verdens største hedgefond har fortsatt „en sterkere preferanse“ for det gule metallet siden det eies av sentralbanker:

„Når det gjelder bitcoin i forhold til gull, har jeg en sterk preferanse for å ha de tingene som sentralbankene vil ha og bytte verdi i når de prøver å gjøre transaksjoner.“

Dalio nevnte nylig at han ikke kunne forestille seg at sentralbanker hadde Bitcoin:

„I motsetning til gull, som er den tredje høyeste reserveaktiva som sentralbankene eier, kan jeg ikke forestille meg sentralbanker, store institusjonelle investorer, bedrifter eller multinasjonale selskaper som bruker det.“

Paul Tudor Jones sier at Bitcoin kan være nytt gull mens man sammenligner Altcoins med kobber

“Smart diversifisering”

Bridgewater Associates-sjefen anbefalte også „smart diversifisering“ på grunn av den raskt voksende gjelds- og pengetrykkingen:

“Jeg tror at med den enorme mengden gjeld og penger som er opprettet og vil bli skapt i fremtiden, er det viktigste å være oppmerksom på verdien av gjeld og penger i forhold til verdien av eiendeler og andre valutaer … Jeg vil anbefale smart diversifisering når det gjelder a) aktivaklasser, b) valutaer og c) land. ”

Predicción del precio de Bitcoin: BTC / USD se acerca para borrar zonas de resistencia de $ 19.5k- $ 20k, es probable que sea una tendencia alcista más grande

BTC / USD ha superado niveles de resistencia cruciales cuando la moneda alcanzó un máximo de $ 19,400. Los toros rompieron los $ 18,600 y $ 18,800.

Este movimiento actual es borrar las próximas zonas de resistencia de $ 19,400 a $ 19,600

El impulso alcista actual fue posible porque los niveles de soporte de $ 18,500 y $ 18,600 fueron bien defendidos por los alcistas. Los niveles de soporte fueron la base del impulso alcista actual. Los compradores han vuelto a empujar el precio para alcanzar la zona de resistencia superior de $ 19,500 a $ 20,000. Por el lado positivo, si los alcistas pueden despejar esta próxima resistencia, se vislumbra una tendencia alcista mayor. En otras palabras, Bitcoin será testigo de otra ronda de rally. Por el contrario, si los alcistas no logran mantener el impulso alcista actual, los vendedores intentarán empujar el precio a la baja y romper el nivel de soporte crítico en $ 18,500. Tal movimiento empujará el precio aún más al nivel de precio de $ 16,000.

Jim Cramer compra Bitcoin mientras está fuera de la cima en $ 17,000

El anfitrión abierto de Mad Money de CNBC afirma que hizo una inversión en Bitcoin oportuna el viernes. Durante una entrevista con „The Street“, Jim Cramer dice que compró Bitcoin el viernes por la mañana cuando el precio estaba por debajo de los 18.000 dólares. El anfitrión de Mad Money agregó que estaba tratando el activo criptográfico como cualquier otra cartera de inversiones.

Además, declaró de la manera: „Compraré, como suelo hacer, cuando algo baje“, dijo Cramer. “Me haré más y más grande y más grande. Simplemente creo que desea diversificarse en todo tipo de clases de activos. Yo tengo oro. Voy a diversificarme en Bitcoin, no es una gran posición para mí, pero ciertamente es importante diversificarme, y Bitcoin es un activo y quiero tener un equilibrio de activos „.

Bitcoin loses world’s most used cryptomeda rank

Tether assumed the position of largest daily volume in October, while Bitcoin consolidates itself as a value reserve.

Bitcoin is the first cryptomeda the world has seen, although the digital currency is the most famous and also the most valuable in terms of market capitalization ($ 340 billion), when it comes to volume the leadership was taken in October by a stablecoin. [Via Decrypt].

The new leader, Tether, is a dollar-based crypto currency, that is, each Tether (USDC) is worth $1. The currency is used in transactions between brokerage houses and also as a form of „hold“. Since currency has a fixed price, some traders prefer to leave their funds in USDC until the next day when they trade again.

These two basic utilities alone already account for much of the currency volume, but by 2020 the adoption of the asset has achieved a considerable increase.

Tether is also used for international transfers by large institutions, an alternative to the Swift system. Even the U.S. government uses the asset to send funds to Venezuela.

According to data from CoinMarketCap, the average monthly volume of the digital asset has skyrocketed since January 2020, in the last 24 hours for example, Tether has almost doubled the volume of Bitcoin, which has $26 billion in volume against Tether’s $44 billion, the volume is greater than the three largest crypto currencies together, BTC, ETH and XRP.

The reason for the high volume, according to Decrypt, is that the digital asset is widely used in OTC transactions, 33% of the currency volume is moved in China, almost double the visa in North America (17%).

In moments of crypt market drop several investors convert their assets into Tether, a way to minimize losses.

The purpose of the currency as well as other stablecoins is very clear, the asset aims to provide liquidity to cryptomoins brokers by creating a more stable means for prices in relation to fiduciary currencies.

The rapid growth in the volume of USDT transactions is certainly a great achievement for Tether, but for the network, the growth has brought problems of slowness. One of the solutions to this scalability problem was to adopt 6 different Blockchains, the transactions at Tether are now processed by the Ethereum, EOS, Liquid, Algorand, Omni and Tron network.

Tether continues to grow at a rapid pace, and with an eye on this market, Facebook is preparing its own stablecoin, Diem. It remains to be seen whether the social networking giant will be able to take over Tether.

Another threat to digital assets is a new law that may be passed in the US, the STABLE Act, a bill that wants to require stablecoin issuers like Tether to acquire bank licenses and have Central Bank approval.

This is also a difference between Tether and Bitcoin. While the former lives on its knees for regulation and are subject to what regulators want, the latter is decentralized and censorship resistant.

That’s why a Bitcoin is worth R$ 100 thousand and a Tether is worth R$ 5.