Benjamin Cowen says Cardano (ADA) can hit all-time highs. In a recent strategy session, Cowen notes that Cardano has gained around 11,000% since March 2020 low and may need time to cool off before rallying further.
“It’s a pretty big win by ADA, so I think it makes sense to consolidate for a while and wait until the ecosystem is actually used. Until then, until that happens, I guess we’ll be more or less in a consolidation phase. Can we get $2.50 back or $2.25 back? Sure, I think it could happen anytime, but I’m not speculating to myself suspiciously at an all-time high for at least a month or so… And it could be longer than that.”
“If Bitcoin stays relatively bullish, I hope it breaks to the upside. So this would be the ideal situation. Even if we don’t hold the bull market support band, I still think it’s good. I just think we’re going to have a long re-accumulation and hopefully we’ll still move up.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Avalanche will attract the attention of big companies. Avalanche Foundation Launches $220 Million Investment Fund. The funds will be used to invest in the protocol’s capabilities for DeFi, NFTs and enterprise applications. Avalanche is the latest Tier 1 smart contract protocol to announce it’s deepening its pockets. The new funds will go towards developing various capabilities of the protocol, including DeFi, enterprise applications and NFTs.
Blizzard’s funds will be allocated to the goal of accelerated development, innovation and growth of the protocol. More specifically, its focus is on DeFi, enterprise applications, NFTs, and “other emerging use cases such as security token issuances, liquidity providers, and self-sovereign identity.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Bill and Forrest talk about ETH, which is a bit of AVAX. Then some information about Altcoins.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Every day, we see traditional financial institutions scrambling to understand crypto strategy, and understandably so. Crypto has passed the tipping point of mainstream consciousness. Use cases like cross-border payments are strictly outside the sandbox stage.
Ripple is taking new steps in cross-border payments with crypto over traditional fiat. Ripple’s fintech network, RippleNet, or its other partner, Tranglo, has taken control of remittances around the world.
Tranglo Mongolia launches new cross-border payment corridor. The Singapore-based company will do so “through a single link to regional corridors and local partners.” Mainly to improve cross-border payments in this East-Asian region. It will offer a variety of different payment and pickup methods such as direct bank transfers and cash pickup. It could also potentially be used beyond blockchain-powered techniques.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
He said Goldman Sachs predicts that the Ethereum price could rise to $8,000 by the end of the year. Analysts at Goldman Sachs explained in a statement that “cryptocurrencies have been trading in line with inflation breakouts since 2019.”
Goldman Sachs reportedly announced in a research note distributed by Bernhard Rzymelka, managing director of Global Markets, that the price of Ethereum (ETH) could reach $8,000 by the end of the year.
Citing a chart showing the Bloomberg Galaxy Crypto Index (red) on a log axis and a 2-year forward 2-year inflation swap (blue), Goldman’s analysts noted that “the local floor appears to be supportive for ethereum.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
In his post on Twitter from Cardano Community (@Cardano) account, the news that he has reached 2 Million Ada wallet was entered. The news is as follows.
“We were celebrating reaching our goal of 1 million a long time ago and now we have reached 2 million #island wallets!”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Netflix’s South Korean series Squid Game became a series watched worldwide. The popularity of the knee has prompted scammers, and cryptos related to Squid Game have begun to be issued. Those who buy fake cryptos are now losing their money.
Everyone thought so! What else would explain the maniac rise of the SQUID token, a “play-to-earn” crypto, which, in keeping with the show’s game theme, requires individuals to buy tokens to compete in online games, and earning further tokens subject to their win, from a meager Rs 1,000 to almost Rs 3.45 lakhs, all in less than 100 hours? The crypto zoomed over 2,400 percent in just 24 hours, taking its market capitalisation to 174 million dollars, sky-high for a nascent cryptocurrency like it was. In fact, the coin, which started its pre-sale on October 20, was sold out in a single second!
coinmarketcap.com 11 November 2021
In what can only be described as a textbook case of rug-pull, where developers abandon the project and siphon away all investor funds, the SQUID token nosedived by more than 99 percent, wiping off the entirety of its gains, peaking at as much as 2,861 dollars to crash-diving below 1 dollar in just a few seconds.
This happened shortly after Twitter flagged the official account as suspicious, with just over 7 lakh subscribers as suspicious. Per Coinmarketcap, at the time of writing, the token still has an unverified, self-reported market cap of 1,802,875 dollars, down by almost 99.99 percent. Notably, the whitepaper and the official website of the token have vanished entirely.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Facebook’s well-publicized (and often ridiculed) rebrand brought to the fore MANA, a cryptocurrency most people have never heard of before, resulting in a 462% increase in price over the weekend, with a three-day price increase.
The crypto has since lost some ground and is currently trading at $3.13, according to Coinbase. That’s still a 306% increase from October 27, the day before Facebook announced its rebranding.
MANA is the icon for Decentraland, which describes itself as a metaverse platform that allows users to buy and sell virtual properties. The token runs on the Ethereum blockchain.
Decentraland itself provides a game-like atmosphere where people create virtual lands and others explore them and participate in social games. Visually, it’s no different from Roblox or Second Life.
Using MANA, visitors can purchase “properties” or upgrade to their desired environment. They can also buy and sell items for use in the virtual world and list their properties for sale. (Prices range from 30,000 MANA to 1 million.)
Facebook’s big bet on the metaverse has sparked interest in many companies focused on this space. Decentraland works a little differently in the virtual world than Facebook expects, but focuses on user-generated content that enables people to make money for themselves, rather than walled gardens that can enrich companies.
MANA isn’t the only cryptocurrency that has seen a surge since Facebook changed its name. Another virtual world, Sandbox’s token SAND, rose 176% to over $2 on Monday from 74¢ on October 27. (At this weekend’s peak, SAND was up 218% at $2.35.)
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Layer-2 Cardano “a necessity” as Hoskinson predicts a huge spike in network traffic.
Cardano founder Charles Hoskinson describes Hydra as a “high commercial priority” due to the expected increase in traffic scale in the coming months. Especially in the near term, when projects in Africa start to spread.
He added that research on Hydra is currently ongoing. However, generally speaking, things are getting “closer” to a (version) “1.0”. Hydra is a layer 2 scaling solution that can theoretically deliver speeds up to 1 million transactions per second (TPS).
Speaking from Ethiopia, Hoskinson hosted an AMA at the weekend. As usual, it was filled with a wide variety of topics, including points about the ERC-20 converter and a brief mention of a possible deal in Egypt.
However, of more interest was talk of Hydra, Cardano’s tier 2 solution. Hoskinson said the IOHK team is busy working on it right now. He also said that they are considering recruiting other parties to accelerate its development from a commercial perspective.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Charles Hoskinson, CEO of IOHK and founder of Cardana, visited Africa where he met with business people and politicians to discuss the integration of their blockchain network in Ethiopia.
Hoskinson also visited the Ethiopian Ministry of Education as part of the “Cardano Africa Tour” to explore student credentials with the country’s authorities.
The credential system aimed to reprocess the academic records of 5 million students by adding information such as attendance and grades to the blockchain to collect data and provide a digital identity system.
Hoskinson said this is the first phase of the program. Then the goal is to use this as a springboard to start a national identity system in the country. This will increase the number of users to 110 million.
Cardano is creating excitement on the global stage. According to the Project Management Institute (PMI), the Cardano Atala Prism project in Ethiopia was ranked 14th among the 50 most influential projects in 2021.
PMI has identified the project as a gamechanger that has the potential to improve the educational outcomes of Ethiopian students.
Opposition to the project initially prevailed in government, according to John O’Conner, director of Africa operations. But the government has come to realize that digital identity and blockchain technology are not the burden as originally thought.
O’Conner said the Atala Prism enables governments to fulfill their documentation management responsibilities as they move towards greater digitization.
Cardano crypto Africa
Why does Cardano want to go to Africa? Many people question Cardan’s presence in Africa. However, Hoskinson sees great potential and many possible partnerships in this region.
More precisely, IOHK has commented on this on its blog. The article states that Africa “is by no means faithful to the systems of the past that have not worked well here”. So all the infrastructure is in place when it comes to implementing better and more equitable ways of doing business.
IOHK wants to ride the wave of progress as Africa is clearly gaining more and more space on the global stage.
Other visits as part of “Cardano Africa Tour” As part of the tour, Hoskinson visited Burundi, South Africa and many other countries where he met with presidents and businessmen to discuss the future of their country where digitalization based on blockchain innovation should prevail.
Hoskinson also plans to visit Ghana, Nigeria, Kenya and Egypt.
Cardano crypto Africa
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
