When Will The Bitcoin Bull Market End? Here’s How To Spot The Top
Like many other things, there is a season for highs and lows, and the crypto market is not exempt. It is a given that there will be bullish seasons, but there will also be bearish seasons too. At press time, Bitcoin is struggling to reclaim $50,000 once again.
In the near term, the bears are expected to hinder price movements but in the long term, Bitcoin is poised to double its current price. This would mean that the second leg of the bull run will kick in in the months ahead and once this phase is done, the bear market will follow; but when and how?
Like many other things, there is a season for highs and lows, and the crypto market is not exempt. It is a given that there will be bullish seasons, but there will also be bearish seasons too. At press time, Bitcoin is struggling to reclaim $50,000 once again.
In the near term, the bears are expected to hinder price movements but in the long term, Bitcoin is poised to double its current price. This would mean that the second leg of the bull run will kick in in the months ahead and once this phase is done, the bear market will follow; but when and how?
Over 3,000 Smart Contracts Waiting To Be Deployed On Cardano As Hoskinson Reveals Bullish Trajectory
Data in real-time shows that there are currently more than 3000 smart contracts locked in a time lock contract. Although developers cannot access them because they are currently locked, once access is granted, the market is poised to record a once-in-a-lifetime experience. The new record comes not long after the successful implementation of the Cardano Alonzo hard fork.
Despite the price of ADA stumbling, the new development is good news for the weeks ahead. However, there is still a truckload of work to be done before the unlocking is complete. The deployment of decentralization applications (dApps), as well as Decentralized finance products (DeFi), amongst many other projects, must first be completed. Once this is done, the price of ADA might also begin to correct as developers awaiting the deployment might have also impacted the dwindling price of ADA at the moment.
Data in real-time shows that there are currently more than 3000 smart contracts locked in a time lock contract. Although developers cannot access them because they are currently locked, once access is granted, the market is poised to record a once-in-a-lifetime experience. The new record comes not long after the successful implementation of the Cardano Alonzo hard fork.
Despite the price of ADA stumbling, the new development is good news for the weeks ahead. However, there is still a truckload of work to be done before the unlocking is complete. The deployment of decentralization applications (dApps), as well as Decentralized finance products (DeFi), amongst many other projects, must first be completed. Once this is done, the price of ADA might also begin to correct as developers awaiting the deployment might have also impacted the dwindling price of ADA at the moment.
Ethereum Under Fire After Bitfinex Paid $23 Million In Transaction Fees To Deposit $100,000 On The Blockchain
Key takeaways
Ethereum receives a lot of backlash from market participants after outrageous fee charge.The situation is being labeled as an anomaly by insiders.Cryptocurrency figures speculates possible cause. Data from Etherscan revealed that a recent transaction carried out by Bitfinex cost the exchange $23.7 million in fees. The wallet which belonged to Bitfinex carried out a $100,000 transaction for DeversiFi, a non-custodial exchange. And as the data showed, the wallet seems to be the only one paying that much in fee charges. As expected, crypto players and Ethereum critics did not take the news well.
An insider source, Konrad Strachan from DeversiFi broke down the transaction process and revealed the Gas Fee has been returned to Bitfinex’s Wallet.
Key takeaways
Ethereum receives a lot of backlash from market participants after outrageous fee charge.The situation is being labeled as an anomaly by insiders.Cryptocurrency figures speculates possible cause. Data from Etherscan revealed that a recent transaction carried out by Bitfinex cost the exchange $23.7 million in fees. The wallet which belonged to Bitfinex carried out a $100,000 transaction for DeversiFi, a non-custodial exchange. And as the data showed, the wallet seems to be the only one paying that much in fee charges. As expected, crypto players and Ethereum critics did not take the news well.
An insider source, Konrad Strachan from DeversiFi broke down the transaction process and revealed the Gas Fee has been returned to Bitfinex’s Wallet.
Court Ruling Threatens 17 Crypto Exchanges in Russia
Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms.
Roskomnadzor May Take Down Blacklisted Crypto ExchangesA number of websites providing options to exchange, cash out, and transfer cryptocurrency using various payment methods may be blocked by Russia’s telecom regulator, Roskomnadzor, if their operators don’t delete the illegal web pages. The threat for the online crypto platforms stems from a court ruling recognizing their content as prohibited.
Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms.
Roskomnadzor May Take Down Blacklisted Crypto ExchangesA number of websites providing options to exchange, cash out, and transfer cryptocurrency using various payment methods may be blocked by Russia’s telecom regulator, Roskomnadzor, if their operators don’t delete the illegal web pages. The threat for the online crypto platforms stems from a court ruling recognizing their content as prohibited.
Forwarded from TrendGuru AI
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
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Bitcoin Price Analysis: BTC Eyes Upside Break above $65K
Bitcoin price is gaining pace above $60,000 against the US Dollar. BTC remains supported on the downside near the $62,000 and $60,000 levels.
Bitcoin Price AnalysisBitcoin price formed a base above the $55,000 level. As a result, BTC started a fresh increase above the $58,000 and $60,000 resistance levels.
The price gained pace for a move above the $62,000 level and the 55 simple moving average (4-hours). There was also a close above the $62,000 level and the 55 simple moving average (4-hours). The price traded as high as $64,500, and it is now consolidating gains.
Bitcoin price is gaining pace above $60,000 against the US Dollar. BTC remains supported on the downside near the $62,000 and $60,000 levels.
Bitcoin Price AnalysisBitcoin price formed a base above the $55,000 level. As a result, BTC started a fresh increase above the $58,000 and $60,000 resistance levels.
The price gained pace for a move above the $62,000 level and the 55 simple moving average (4-hours). There was also a close above the $62,000 level and the 55 simple moving average (4-hours). The price traded as high as $64,500, and it is now consolidating gains.
DeFi Platform Loses $130,000,000 in Attack That Cost Over $37,000 in Ethereum Fees
Decentralized Finance (DeFi) platform Cream Finance (CREAM) says that its lending market suffered a hack resulting in the loss of crypto assets worth approximately $130 million.
Cream Finance says in a tweet that the attacker exploited a vulnerability in the first version of the C.R.E.A.M. lending market platform.
Decentralized Finance (DeFi) platform Cream Finance (CREAM) says that its lending market suffered a hack resulting in the loss of crypto assets worth approximately $130 million.
Cream Finance says in a tweet that the attacker exploited a vulnerability in the first version of the C.R.E.A.M. lending market platform.
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B of E’s Jon Cunliffe Isn’t Crazy About Crypto Taking Over
Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike.
Jon Cunliffe Thinks Crypto Presents Certain HazardsOver the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is trading for over $60,000, while other competing assets like Ethereum have also reached new highs. For many diehard crypto fans, it’s a great time to be investing, but for Cunliffe, things are looking dangerous.
Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike.
Jon Cunliffe Thinks Crypto Presents Certain HazardsOver the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is trading for over $60,000, while other competing assets like Ethereum have also reached new highs. For many diehard crypto fans, it’s a great time to be investing, but for Cunliffe, things are looking dangerous.
Crypto Traders May Be Sleeping on Top Altcoin for the Next Bull Cycle, According to Macro Guru Raoul Pal
Real Vision chief executive Raoul Pal is saying that one “interesting” crypto project could be a good bet for the next crypto bull market.
In a new interview on investment YouTube channel FamilyOffice, the former Goldman Sachs executive says he’s eyeing under-the-radar altcoin Internet Computer (ICP).
“Everybody hates it because the VCs [venture capitalists] got in really early. It was suddenly worth a huge amount of money. The coin sank 95%, but I think it’s interesting.
Real Vision chief executive Raoul Pal is saying that one “interesting” crypto project could be a good bet for the next crypto bull market.
In a new interview on investment YouTube channel FamilyOffice, the former Goldman Sachs executive says he’s eyeing under-the-radar altcoin Internet Computer (ICP).
“Everybody hates it because the VCs [venture capitalists] got in really early. It was suddenly worth a huge amount of money. The coin sank 95%, but I think it’s interesting.
“Learn to Earn” Ramps Up as Islander Mainnet Goes Live
As blockchain grows into its own ecosystems and sub-ecosystems, it’s only a matter of time before the technology branches out into different creative corners. This was absolutely true of the dot.com era when companies like Amazon were originally online book retailers and eventually took over many different industries such as logistics and AWS services. Not everyone can be an Amazon but the Web 2.0 era started in a much different place than it is today. This is shown as it transformed into the smartphone era.
Blockchain has grown into this same “second stage”, as we see creative projects that are going beyond cryptocurrency and into a stage that provides direct value in other ways.
As blockchain grows into its own ecosystems and sub-ecosystems, it’s only a matter of time before the technology branches out into different creative corners. This was absolutely true of the dot.com era when companies like Amazon were originally online book retailers and eventually took over many different industries such as logistics and AWS services. Not everyone can be an Amazon but the Web 2.0 era started in a much different place than it is today. This is shown as it transformed into the smartphone era.
Blockchain has grown into this same “second stage”, as we see creative projects that are going beyond cryptocurrency and into a stage that provides direct value in other ways.
Algorand cross-chain bridge platform Glitter Finance to utilize Algoracle data feeds
Algoracle, a decentralized oracle network built on the Algorand blockchain, announced today a partnership with Glitter Finance, a cross-chain bridge that allows the redeployment of a portion of locked tokens (collateral) on one chain into yield-generating vaults on another chain.
The Glitter Finance team will utilize Algoracle data feeds for its network on the Algorand blockchain. Starting with Algorand, Glitter Finance will integrate blockchain networks through its bridge, and its cross-chain interoperability ensures there will be sufficient yield farms listed on the platform at any time.
Algoracle, a decentralized oracle network built on the Algorand blockchain, announced today a partnership with Glitter Finance, a cross-chain bridge that allows the redeployment of a portion of locked tokens (collateral) on one chain into yield-generating vaults on another chain.
The Glitter Finance team will utilize Algoracle data feeds for its network on the Algorand blockchain. Starting with Algorand, Glitter Finance will integrate blockchain networks through its bridge, and its cross-chain interoperability ensures there will be sufficient yield farms listed on the platform at any time.
Whale Activity for Axie Infinity, Litecoin and Five Additional Altcoins Is Exploding Amid Upswing: Analytics Firm
Cryptocurrency analytics firm Santiment is looking at crypto whale transactions to reveal seven altcoins on an uptrend as the market witnesses a recovery.
In a tweet, Santiment lists seven crypto assets in the top-100 category by market cap that are enjoying an increase of more than 100% in whale activity.
“Crypto’s top 100 assets continue to see massive whale transactions occur. Among assets that are seeing at least TWICE the amount of $100,000 valued transactions, as usual, include: Litecoin (LTC), Axie Infinity (AXS), Maker DAO (MKR), Chiliz (CHZ), Compound Finance (COMP), TrueUSD (TUSD), and Synthetix Network Token (SNX).”
Cryptocurrency analytics firm Santiment is looking at crypto whale transactions to reveal seven altcoins on an uptrend as the market witnesses a recovery.
In a tweet, Santiment lists seven crypto assets in the top-100 category by market cap that are enjoying an increase of more than 100% in whale activity.
“Crypto’s top 100 assets continue to see massive whale transactions occur. Among assets that are seeing at least TWICE the amount of $100,000 valued transactions, as usual, include: Litecoin (LTC), Axie Infinity (AXS), Maker DAO (MKR), Chiliz (CHZ), Compound Finance (COMP), TrueUSD (TUSD), and Synthetix Network Token (SNX).”
Cake DeFi Launches New Product “Borrow” Enabling Users To Strengthen Their Crypto Portfolios
Cake DeFi, a fintech platform based in Singapore is elated to announce the launch of a new product, ‘Borrow’ that will give users opportunities to strengthen their crypto portfolios.
Cake DeFi’s new product reportedly allows users to borrow Decentralized USD (DUSD) by pegging Ether, Bitcoin, Tether USDC, and DFI as collateral. Note, Borrow will allow users to use these cryptocurrencies as collateral as long as at least 50% of the collateral Is DFI.
Cake DeFi, a fintech platform based in Singapore is elated to announce the launch of a new product, ‘Borrow’ that will give users opportunities to strengthen their crypto portfolios.
Cake DeFi’s new product reportedly allows users to borrow Decentralized USD (DUSD) by pegging Ether, Bitcoin, Tether USDC, and DFI as collateral. Note, Borrow will allow users to use these cryptocurrencies as collateral as long as at least 50% of the collateral Is DFI.
Ethereum Whales Abandon Ship As Weekend Arrives in Apparent Move to Avoid Crypto Calamity
New on-chain data shows some of the world’s largest Ethereum (ETH) holders are reducing their exposure to the volatile crypto markets as the weekend arrives.
According to WhaleStats, the top 100 Ethereum wallets are witnessing significant outflows of ETH in the last 24-hours.
At time of publishing, those wallets have collectively sold $783,734 in ETH in the last day as the whales pile into dollar-pegged stablecoins in an apparent effort to avoid a potential move to the downside in the days ahead.
New on-chain data shows some of the world’s largest Ethereum (ETH) holders are reducing their exposure to the volatile crypto markets as the weekend arrives.
According to WhaleStats, the top 100 Ethereum wallets are witnessing significant outflows of ETH in the last 24-hours.
At time of publishing, those wallets have collectively sold $783,734 in ETH in the last day as the whales pile into dollar-pegged stablecoins in an apparent effort to avoid a potential move to the downside in the days ahead.