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The founder of ETH became the youngest cryptocurrency billionaire

Vitalik Buterin is one of the founders of the popular cryptocurrency Ethereum (ETH). According to Forbes, at the age of 27, he became the youngest cryptocurrency billionaire. The day before, the price of Ethereum rose above the level of $3,000. Buterin has 333520 tokens in his cryptocurrency wallet. Their value reached 1 billion 90 million dollars. Since January 2020, Buterin's condition has increased 25-fold. The market capitalization of Ethereum reached $389 billion, which allows this altcoin to take the 2-nd place after Bitcoin, whose capitalization exceeded $1 trillion. Over the year, the capitalization of Ethereum increased by 325%. Ethereum is becoming more expensive due to the growing popularity of applications that can replace banks, as well as insurance companies. On Monday, it became known that the cryptocurrency market managed to send Apple Corporation to the second place in terms of capitalization. The figure reached $2.3 trillion. At the same time, the capitalization of the American company amounted to $2.1 trillion.

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Bitcoin prepares to rise above $85,000
The head of CryptoQuant predicted a sharp rise in Bitcoin in the near future. This is due to the outflow of coins from cryptocurrency exchanges. The holders are not ready to sell the leading digital asset right now, but rather keep it on their wallets. We can say that the pressure of sellers is decreasing. A similar situation is happening with the Ethereum cryptocurrency, but Bitcoin has been squeezed within the ascending channel since the end of February, while the ether is steadily moving up. If we suggest that Bitcoin will break the maximum in the near future and postpone the height of the channel up, then the goal of the rise is the level of $85,000 per coin.
08.05.2021 Avatar Solomon Read
New cryptocurrency Chia collapsed three times
The new cryptocurrency Chia (XCH) has fallen in price three times since the start of trading on Monday. According to WEIBO, the token has risen to the second place among the most popular cryptocurrencies.The growing popularity of cryptocurrency Chia may lead to a shortage of hard drives and solid-state drives in the consumer market.The token of the main Chia Network network began trading on the OKEx crypto exchange on May 3. According to CoinMarketCap, in four days, the price of the token fell from the highs of the first day of trading from about $1800 to $600.Earlier, miners caused a shortage of hard drives and solid-state drives in Hong Kong before the launch of the main Chia Network. Already in mid-April, the main stocks of HDD and SSD were sold out, and because of this, their price tripled.The Chia Network blockchain was created by Bram Cohen, an American developer and creator of BitTorrent. He believes that bitcoin and other cryptocurrencies running on the Proof-of-Work (PoW) algorithm use too much electricity.Chia runs on a Proof-of-Space-and-Time algorithm and uses disk space as a transaction validator. Users who provide their own disk space to support the network are rewarded for this.The token is traded on OKEx exchanges, Gate.io, MXC.COM and Bibox. The amount of disk space occupied by the cryptocurrency has currently reached 2.11 exabytes. 457,402 coins were mined out of just over 21 million units.The main network of the project will be launched in March 2021. According to the February 10 white paper, the company raised about $16 million in funding through SAFE agreements. The last $5 million round ended in August 2020. The company is supported by venture funds Andreessen Horowitz, Galaxy Investment Group, DCM Ventures, True Ventures and others.
07.05.2021 Avatar Solomon Read
XRP soared to $1.75 on the news
Cryptocurrency XRP surged to three-week highs near $1.75 on Thursday amid an ongoing altcoin rally.In addition, it became known that a former high-ranking official of the US government was appointed to the board of directors of Ripple.Former US Treasurer Rosa Rios has joined Ripple's board of directors. The company also appointed a new financial director (CFO) — the former head of PlayNearMe and Green Dot Christina Campbell.Rios has 30 years of experience in public policy and investment management. In 2009-2016, she served as the Chief Treasurer of the United States under the presidency of Barack Obama."Ripple is one of the best examples of how to legally use cryptocurrency to significantly facilitate payments around the world," Rios said.Campbell previously worked as the CFO of the payment company PayNearMe and held several positions at the California-based fintech company GreenDot.At Ripple (XRP), Campbell will focus on the company's financial strategy, try to accelerate its growth and add value to shareholders.Recall, Ripple's trial with the US Securities and Exchange Commission (SEC) continues. On May 4, the SEC filed a motion against the participation of XRP token holders in the proceedings with Ripple.According to the regulator, the intervention of a third party will delay the trial and require additional resources. Earlier, foreign regulators refused to help the SEC in the case against Ripple.From other news. The Phemex crypto exchange re-launches the XRP token. This re-listing may be the first of many, as marketplaces gain more confidence that Ripple can win in court against the SEC.
06.05.2021 Avatar Solomon Read
Bitcoin: Millions of Americans will soon have access to BTC purchases
Bitcoin is stuck in a sideways range, while many altcoins are showing outperforming growth.Meanwhile, hundreds of American banks will soon offer their customers access to the first cryptocurrency.In recent weeks, the cryptocurrency Bitcoin has been stuck in the range of $48-58 thousand, although it has doubled in price since the beginning of the year.Currently, the first cryptocurrency looks less attractive for investment compared to its main competitors due to its significant overbought status. The high concentration of long positions in the futures market is holding back the growth of Bitcoin.In addition, purchases of less-capitalized altcoins put pressure on the BTC rate. The very season of altcoins and the fall in the share of Bitcoin in the crypto market is an important signal that the bulls are not yet ready for new records, experts say. However, the long-term outlook for Bitcoin looks positive.Meanwhile, hundreds of US banks are preparing to provide customers with access to Bitcoin. Over the coming months, customers of some US banks will be able to buy, sell and store Bitcoin using existing accounts. Basically, these will be small banks with several branches.To do this, the crypto-custodial firm NYDIG (New York Digital Investment Group) has entered into cooperation with the fintech giant Fidelity National Information Services (FIS).FIS, which is a service provider for banks with almost 300 million current accounts, will handle connections with financial institutions, while NYDIG will provide storage and trading of cryptocurrency."This will make it easier for ordinary Americans and corporations to buy, sell, and store cryptocurrency through their mobile apps," said Patrick Sells, head of banking solutions at NYDIG.Yang Zhao, president of NYDIG, said that banks themselves began to be interested in Bitcoin after they saw that their customers were sending money to Coinbase and other exchanges.In its own survey, NYDIG found that more people would be willing to hold Bitcoin if they could buy it in a bank without having to register on third-party platforms and transfer money to them.In recent months, plans to launch Bitcoin-related products have been reported by major financial corporations such as Morgan Stanley, Goldman Sachs, and JPMorgan. But then it was about decisions on access to cryptocurrency for large players, and not for retail investors.
06.05.2021 Avatar Solomon Read
Altcoins that can show explosive growth
The parabolic growth in the last days of the ETH/BTC pair proves the beginning of the altcoin season, experts say.Along with Ethereum (ETH), other altcoins are growing, including Dogecoin (DOGE).Well-known analyst and crypto trader Mikael van de Poppe drew attention to the altcoin market, noting that in the coming weeks their profitability will significantly exceed the results of Bitcoin.For example, Van de Poppe mentions the distributed web protocol Holochain (HOT), which in early April reached a historic high of $0.031. The second rally will occur during the next wave of the altcoin season, probably around mid-June, the expert believes.Two other assets with significant growth potential are the Swipe smart wallet token (SXP) and the Teller Oracle project (TRB).Crypto trader and analyst Tyler Swope notes two promising new altcoins that could benefit from the clean energy fashion. He invested in Ocean Protocol (OCEAN) and NuCypher (NU), which are indirectly related to Elon Musk's $100 million initiative to remove greenhouse gases.The four-year global initiative is supported by XPRIZE. The OCEAN project ranks 134th in the ranking by market capitalization and has repeatedly collaborated with XPRIZE in the past.The privacy-focused NuCypher (NU) protocol, ranked 275th in the ranking, was created thanks to the Creative Destruction Labs development program. Creative Destruction Labs, a nonprofit organization, has partnered with XPRIZE to implement Musk's initiative.Analyst Il Capo distinguishes Syntropy (NOIA), Binance Coin (BNB), Band Protocol (BAND), Balancer (BAL), Litentry (LIT), Zilliqa (ZIL), TomoChain (TOMO) and Hedera Hashgraph (HBAR) from altcoins.The unusual growth of Dogecoin (DOGE) also received a reasonable explanation, cryptoonliner writes. Billionaire investor Mark Cuban notes that this is one of the few cryptocurrencies that are used directly for transactions, and not through services such as BitPay. Dogecoin is indeed accepted by some sports clubs and other businesses that rely on community coins.
04.05.2021 Avatar Solomon Read
Analysis of cryptocurrencies BTC, ETH, XRP for May 3, 2021
BTC/USD Last Saturday, cryptocurrency Bitcoin consolidated in a narrow sideways corridor, taking advantage of weak support at the level of 57000.00 USD. On Sunday, sellers tried to push the price even lower, but the bears were not able to test the mark of 56000.00 USD.  This morning, the pair BTC/USD returned to the previous level of 58000.00 USD, and at the beginning of this week, Bitcoin may continue to recover to the psychological mark of 60000.00 USD.   ETH/USD At the end of last week, the price of cryptocurrency Ethereum was fixed at the top of the ascending channel, and at the beginning of this week, the bulls continued their run to the psychological mark of 3000.00 USD. This morning, the price of ETH tested the upper trend line and set an absolute maximum around the level of 3087.00 USD. The growth takes place on declining volumes, so in the near future a pullback to the middle line of the ascending channel is possible, which has repeatedly stopped the weak efforts of the bears to roll back the price to the area of average prices.   XRP/USD At the end of last week, cryptocurrency XRP was stuck in a sideways range with support at 1.540 USD. Last night, buyers had a weak attempt to break out of the side corridor, but the growth was not supported by large volumes and the pair returned to the support of 1.540 USD.  At the beginning of this week, attempts to test the resistance of 1.700 USD may be repeated, but soon the pair will roll back below the support of 1.500 USD.
03.05.2021 Avatar Solomon Read
Time to buy Bitcoin or not?
Bitcoin fell below $48,000 last Friday, losing a quarter of its value in just nine days.A number of negative news contributed to the decline in BTC. President Biden plans to raise the capital gains tax on the rich. A negative background could also be created by fraud on the Thodex crypto exchange, which was accompanied by the escape of the head of the company and the suspension of trading. The hype around the placement of shares of the Coinbase crypto exchange on the Nasdaq has also ended.In addition, not so long ago, some major players created new exchange-traded investment funds (ETFs), which, as a rule, earn on the fall of the bitcoin exchange rate. For example, Morgan Stanley has launched two new funds for the main cryptocurrency.Bitcoin last week fell below the 50-day moving average (MA) and is trying to stay above the 100-day MA, which is now passing around $50,000. The loss of such an important line as the 100D-MA may promise a deeper correction.Experts warn of a possible decline in the value of Bitcoin in the event of negative news or consolidation of its rate below $50,000. In the worst case scenario, BTC may fall to $15-18 thousand.If Bitcoin continues to fall and breaks the support level around $42,500, the quotes may fall to $30,000.
26.04.2021 Avatar Solomon Read
The price of Oil continues to decline
On Thursday morning, the oil market prices continue to decline. Brent crude oil fell to 65.2 US Dollars per barrel, or 0.46%. The price of WTI crude oil fell to $61.6 per barrel, or 0.47%. The drop in prices on the oil market has been observed over the past three days. During this period, oil fell by more than 3%. Investors remain concerned about the deterioration of the epidemiological situation in some countries of the world. First of all, the concern is the growing number of infections in India, as well as in Japan. This may lead to the introduction of additional restrictions, which will negatively affect the economies of these countries. Japan and India are among the largest oil consumers. Pressure on oil prices was also exerted by data on oil reserves in the United States, which were published the day before. Experts believed that the agency would announce a reduction of 2 million 900 thousand barrels. At the same time, the ministry reported an increase in reserves by 600 thousand barrels.
22.04.2021 Avatar Solomon Read
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