Easy Crypto Blog

2023-01-09 15:33:58 Forecast for BTC and ETH from the CEO of one of the largest mining pools BTC.TOP

If Bitcoin's price hit its low ($15,500) in 2022 due to the FTX crash, it took all three bear markets the same amount of time from the previous ATH to the bottom of the cycle.

Based on market sentiment observations, we are in the last bear market sideways trend. Events such as the DCG bankruptcy are already priced in and will no longer have a significant impact on price.

According to optimistic forecasts, the market of 2018 and 2022 are similar. In that case, the BTC price may trade sideways for a few more months.

In the pessimistic scenario, the current bear market is similar to the 2014 market. Then BTC would need about 8 months of sideways trading near the bottom before it starts to grow substantially.

As for Ethereum, it's much stronger because of the combustion and low inflation at 0.01% thanks to PoS. And this is in a bear market when activity on the ether network is very low. Also after the collapse of FTX, Ethereum has not renewed its summer bottom but has held above $1100.

The price will eventually be determined by the capital, and the deflation of ETH is very favorable for the capital and will affect the price. From this data, we can conclude that the ETH bull market will start in a spiraling deflationary mode: more deflation - more network activity - more deflation...

I expect ETH to start rising earlier than BTC as the leader of the next bull market. The price of ETH will move beyond the current lower range. This could happen between March and May 2023. Відкрити / Коментувати

2023-01-09 13:03:27 Arbitrum Nova Now Has Support From The Largest NFTs Marketplace, OpenSea. Відкрити / Коментувати

2023-01-09 09:45:50 MicroStrategy shares since the company adopted the BTC strategy, in comparison with key assets and indicators, as well as shares of other Big Tech companies in the USA. Відкрити / Коментувати

2023-01-07 10:55:46 Mastercard is launching a program for musicians based on the Polygon blockchain. Participants will be taught how to create NFT and present their work in virtual worlds. Відкрити / Коментувати

2023-01-06 12:20:14 ‍Arcane Research: Binance has crushed almost the entire global cryptocurrency market

Analysts at Arcane Research believe that Binance's dominance of the spot market began in the summer, when the cryptocurrency exchange cancelled commissions for some trading pairs. Arcane Research published a report which shows that the dominance of already the world's largest cryptocurrency exchange Binance in the market increased significantly during 2022. The collapse of platforms such as FTX and Celsius contributed greatly to this. Binance has 92% of the bitcoin spot market and 61% of the BTC derivatives market as of December 28. The spot trading volume indicator shows the total amount of bitcoin transactions on spot exchanges per day. Arcane says there is no one else that compares to the Binance cryptocurrency exchange in terms of metrics. In fact, analysts say, Binance is the digital currency market itself. At the beginning of 2022, the crypto-exchange had 45% of the spot market, an increase of almost two times in a year. Plus a one-third increase in derivatives market share. The increase in spot market dominance, analysts say, began in the summer when the crypto-exchange eliminated commissions for some trading pairs. It also increased its global reach after buying Indonesian cryptocurrency brokerage Tokocrypto and Japanese trading platform Sakura Exchange BitCoin. Moreover, Binance became one of the few cryptocurrency companies that actively hired employees during the year, rather than laying them off like its competitors. Nonetheless, Arcane believes the cryptocurrency exchange will reintroduce commissions in 2023. Відкрити / Коментувати

2023-01-05 10:34:46 Dedaub analysts have discovered a critical vulnerability in Uniswap that allows you to re-log in and drain user funds in the middle of a transaction.

Uniswap developers solved the problem and re-deployed Universal Router smart contracts. Відкрити / Коментувати

2023-01-04 14:20:26 In 2022, top crypto companies laid off from 10% to 51% of staff

For example, the Bybit crypto exchange fired half of its employees, Kraken and CryptoCom 30%.

Analysts predict that the trend will continue in the first half of 2023. Відкрити / Коментувати

2023-01-03 13:35:33 Bitcoin is 14 years old

On January 3, 2009, Satoshi Nakamoto generated the first block of BTC. Відкрити / Коментувати

2023-01-02 15:04:23 The new year often starts with a clean slate, let's refresh our knowledge of the first cryptocurrency.

How does bitcoin work?

The idea behind BTC by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver).

Each BTC transaction in the main network passes through 7 stages:
Selection of the recipient, transfer amount and commission.
The sender signs the transaction with a private key and sends it.
Nodes checks the eligibility of the transaction and sends it to the miners.
The miners add the transaction to the block.
The miners calculate the hash of the new block.
The new block is verified and added to the blockchain.
Nodes add the new block to their copy of the blockchain.

Knowing the algorithm gives the understanding that:
Nodes can only skip a transaction if you don't have the right amount in BTC.
Miners can delay processing a transaction, but are unable to cancel it. Відкрити / Коментувати

2022-12-30 14:53:18 Coinbase forecast for 2023

Bitcoin

- BTC's risk-adjusted exchange rate is steady and outperforms most of the top 10 Forex currency pairs (excluding periods of the Luna/FTX crash).

- Of the miners, the strongest remain. The industry is being cleared of players with weak management.

- Mt Gox will distribute 140k BTC, but this will not affect bitcoin rate much. All who wanted - sold already with discount. And BTC distribution will happen in staggered order, gradually.

Ethereum

- Coinbase is bullish on the Ethereum fork. ETH will become deflationary during a bull market when activity on the network increases.

- Investors will start staking more ETH when they open the withdrawal from staking (planned for March 2023). Since it will already be possible to withdraw profits, the business model of steaking will become more transparent.

- TVL (liquidity) will flow into L2 blockchains on ether (Polygon, Arbitrum, Optimism).

- Ethereum will benefit from all applications and blockchains built on it. The more value an app, such as Uniswap, brings - the more attention Ethereum will get.

Stablecoins

- The growing dominance of Stablecoin's market share confirms the value and importance of this asset type. Even despite the total failure of almost all algorithmic stablecoins.

- USDC and USDT remain the most liquid stablecoins.

- Cryptodollars are very important for mass adoption at the expense of platables.

- Mentioned stabelcoins in development from Curve (LLAMMA) and Aave (GHO).

NFT.

- An essential component for digital identity and ownership.

- NFT marketplace aggregators will solve the problem of low liquidity.

- Brands and corporations will continue to adopt NFT for user engagement, rewards, identity...

Overall, bet on BTC as the main crypto-index. Forecast for Ethereum and everything built on it (L2, NFT, DeFi, Stablecoin) and as a consequence - growth of ETH itself. Bull market is not predicted yet. Source.

Keep it to check in a year Відкрити / Коментувати