Kategorie: Allgemein

• Peter Schiff believes the price of Bitcoin could eventually drop to $0.
• Other analysts are bullish on BTC, with William Noble predicting a rise to $56,000 and Tim Draper forecasting a value of over $200K.
• Schiff claims that although the currency experienced some bounces in early 2023, all cryptocurrencies and stocks based on them will take major dips again this year.

Peter Schiff’s Negative Analysis

Economist Peter Schiff is confident that the price of bitcoin could eventually fall to $0. He also stated in a recent interview that the process won’t happen right away. Rather, he thinks it could be long and drawn out. This is certainly a big step away from the more bullish analyses we’ve been receiving over the past few months from other analysts who have predicted a much brighter future for Bitcoin.

William Noble’s Positive Prediction

Earlier today, we published an article talking about William Noble, who famously predicted that bitcoin would endure a bull run in 2020 and 2021 that would ultimately see it rise from the low $20K range to the $40K range… He was right. In his latest prediction, Noble is confident that bitcoin could reach $56,000 in the next few months, a major step up from where the asset is currently.

Tim Draper’s Bullish Forecast

If this isn’t bullish enough for you, try your hand at Tim Draper, the venture capitalist who feels BTC could end 2023 at a price of more than $200K. Talk about thinking in the most positive terms!

Schiff’s Gloomy Outlook

By contrast, Schiff is doling out his usual gloom and doom. He said that these likely occurred because bitcoin was trashed the year before and this was a small and meager attempt to put some bandages on a few of its lasting wounds .He mentioned: The reason it had a big bounce in January is because it got destroyed in 2022… Bitcoin was $70,000 and it went to $16,000. Maybe it’ll go to $25,000 [or] $30

• This year’s Super Bowl did not feature any crypto ads, unlike the previous year.
• The most prominent ad from last year featured Larry David and was for the now defunct FTX exchange.
• Many were critical of the ad as it portrayed crypto negatively and FTX has contributed to multiple issues in the digital currency space.

No Crypto Ads at Super Bowl

This year’s Super Bowl featured no commercials related to cryptocurrency or digital currency, a sharp contrast from last year which saw many advertisements for crypto-related products and services.

The Larry David Commercial

One of the most notable ads that aired during last year’s Super Bowl was one featuring Larry David of „Curb Your Enthusiasm“ fame. In this commercial, David played various versions of himself throughout history being surprised when humans achieved big things like inventing the lightbulb. At the end, he was told that FTX is a good way for newcomers to get into cryptocurrency but responds with “Eh I don’t think so”, implying it isn’t a safe bet. The ad concluded with „Don’t be like Larry“. Unfortunately, this commercial didn’t age well given that FTX eventually folded due to bankruptcy and its founder Sam Bankman-Fried is currently facing trial for fraud in Northern California.

Social Media Criticism

The commercial drew criticism from social media users who found it distasteful given how it implied people should trust crypto investments without knowing all of the risks involved. One person commented: Larry David in a crypto ad is a pretty succinct answer to, ‚Is it ever possible to have enough money?‘ Other Twitter users posted messages such as: Larry David being in a crypto commercial is the single most devastating thing to ever happen to me. Please give me space to process.

FTX To Blame?

FTX has been connected with many issues surrounding digital currencies due its own downfall and volatility of world markets. It seems that most former traders wish they had been more cautious than trusting an advertisement featuring famous actor/comedian Larry David would suggest they should be regarding their investments into cryptocurrency platforms like FTX’s platform promised during its time operational before going bankrupt earlier this year (2022).

Conclusion

It appears that after seeing how badly things turned out after last years‘ Super Bowl commercial involving FTX and Larry David, advertisers decided against running any similar advertisements this past NFL season (2023). While some may have enjoyed these types of commercials before learning about what happened with FTX and its founders, others may have seen them as irresponsible or even dangerous given how quickly rare circumstances can influence market trends worldwide when dealing with digital currencies like Bitcoin or Ethereum

• Ripple price is struggling below $0.3800 against the US Dollar, similar to bitcoin.
• The price is now trading below $0.3750 and the 55 simple moving average (4-hours).
• XRP price must stay above $0.3500 to avoid more downsides in the near term.

Ripple Price Analysis

Ripple price started a fresh decline from the $0.3850 zone against the US dollar. The pair could extend losses if it stays below the $0.3800 resistance zone and XRP price must stay above $0.3500 to avoid more downsides in the near term.

Trend Line Formation

There is a key bearish trend line forming with resistance near $0.3700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). An initial support on the downside is near the $0.3625 which is near the 61.8% Fib retracement level of the upward wave from the $0.3520 swing low to $0.3801 high. The next major support is near the$0.3520 level orthe last swing low, while any more losses could leadthe pricetowards$0.3320 level, below whichthe pricemight even test$ 0 .3000 .

Resistance Levels

On the upside, there are several resistances for Rippleprice including$ 0 .3660 andtrend line resistance mentioned above followed by$ 0 .3800 major resistancelevel ,then mainresistanceisnear$ 0 .3850zone . A clear moveabovethe$ 0 .3800 and$ 0 .3850resistance zonesmight starta freshincreaseandanymoregainsmightsendthepricetowardsthe$ 0 .418resistance .

Technical Indicators

Looking at technical indicators, Ripplepriceisnowtradingbelowthe$ 0 .385zoneandthe55simplemovingaverage(4 – hours) , whileMACDindicatorisnowgainingmomentuminbearishzoneandRSIisexhibitingsignsofweaknessbelow 50level indicatinganoverallbearishsentimentinthemarketforXRP/USDpairincomming sessions ahead ..

Conclusion

Overall,ripplepricecouldextendlosessifitstaysthebelowthe$ 0 .3750resistancezoneintheshorttermtomovemorelowertowardsthelastswinglowat$ 0 .3520whileabovestatedlevelswilllikelytoleadtothebullishrecoveryintheupcomingperiods..

Overview of Flare Token (FLR)

• Flare Network is a public blockchain that promises to address two pressing problems.
• The token has been fluctuating at $0.0010, but in the days that followed it dropped below $0.0001.
• Investors may anticipate that 1FLR will close with an average value of $0.00039819 and a lowest value of $0.00038573.

Flare Network Promises To Address Two Pressing Problems

The Flare network is a public blockchain designed to support and use the XRP token’s smart decentralization, and various quorums develop as a result of individual nodes‘ actions. It promises to address two pressing problems: firstly, smart contracts cannot be used in a situation of complete trustlessness, taking away 75% of the value stored on the open blockchain network; secondly, alternative uses of the native cryptocurrency cannot be carried out securely because most blockchain projects use proof-of-stake or one of its variants.

Price Prediction for Flare (FLR) Token

Since the start of 2022, Flare has primarily been moving in a range-bound fashion. The token’s price has been fluctuating at $0.0010, but in the days that followed it dropped below $0.0001 and kept dropping steadily over the next few months eventually reaching $0.0001 in August 2022. We anticipate that 1FLR will exhibit significant market movement for 2022 as it transitions into this new era and study predicts that cryptocurrency will increase in value over upcoming months closing with an average value of $0.00039819 and a lowest value of $0.00038573 by December 2023..

Adoption Of The 1FLR Token May Occur

As adoption increases for the 1FLR token we may see further growth potential for investors looking to capitalize on this trend throughout 2021–2023 period., This could lead to more use cases being developed on top of its technology stack which could lead to further appreciation as investors look to take advantage from increased investment opportunities within this sector..

Is FLARE A Good Investment In 2023?

It’s difficult to say if FLARE is going to be good investment or not due to its volatile market fluctuations however we can assume from its current price point and increasing adoption rate amongst users that there’s potential for growth within this space throughout 2021–2023 period depending on how well it performs against other competitors like Ethereum or Cardano which are also investing heavily into their own platforms..

• TRU, the Ethereum-based ERC-20 token that powers decentralized finance protocol TrueFi, saw an enormous near 100% price spike on Thursday.
• The crypto token was last changing hands around $0.083, down a little over 5.0% on Friday amid further profit-taking, with TRU having now dipped over 40% since Thursday’s intra-day multi-month highs in the mid-$0.14s.
• Price Prediction – Where Next for TRU? An aggressive pullback to sub-$0.0550 levels and a retest of the 200DMA just below $0.05 is possible but it is likely that TRU would then recommence its uptrend that has been in play since the start of the year, given the optimism across broader cryptocurrency markets.

TrueFi Price Prediction

TRU, the Ethereum-based ERC-20 token that powers decentralized finance protocol TrueFi, saw an enormous near 100% price spike on Thursday.

Recent Binance Transaction Connection

The crypto token was last changing hands around $0.083, down a little over 5.0% on Friday amid further profit-taking, with TRU having now dipped over 40% since Thursday’s intra-day multi-month highs in the mid-$0.14s.

But that still leaves TrueFi’s TRU token over 80% higher versus its Wednesday close, with the cryptocurrency having spiked aggressively above its 200DMA just under $0.05.

TRU’s spike appears to have been triggered by speculation as a result of a recent Binance stablecoin transaction.

On Thursday, Binance minted $50 million in TrueUSD (TUSD), sparking speculation that the TUSD stablecoin might be about to take a larger role within Binance’s platform following the recent US regulatory crackdown on Paxos, the issuer of Binance USD (BUSD). Traders seem to have taken the mistaken view that this would be beneficial for the TrueFi protocol.

TrueFi No Longer Issues TUSD

Actually, TrueFi no longer issues TUSD. As of 2020, a firm called Techteryx does.

TrueFi conducts uncollateralized lending using on-chain credit scores and the TRU token can be used for staking and governance within the TrueFi protocol.

Price Prediction – Where Next for TRU?

As traders who bought TRU thinking that the TrueFi platform would get a boost from Binance minting more TUSD start to realize their mistake, they might start dumping TRU back on

• Rocket Pool (RPL) outperformed Bitcoin and Ethereum on Friday, rising by over 13% in the last 24 hours.
• Kraken shut down its staking operations in a Securities and Exchange Commission settlement.
• Rocket pool is a decentralized network of nodes that simplifies the staking process for the Ethereum 2.0 blockchain.

What is Rocket Pool?

Rocket Pool is a decentralized network of nodes that aims to simplify the staking process for the Ethereum 2.0 blockchain by providing validation services. The platform enables users who lack the necessary minimum ETH required for staking, or technical expertise, to participate by staking only 16 ETH instead of the standard 32 ETH. This process is completely automated and requires no interaction from the user. The platform offers a convenient solution for those who wish to participate in staking without the hassle and technical requirements.

Rocket Pool Performance

Rocket Pool outperformed Bitcoin and Ethereum on Friday, rising by over 13% in the last 24 hours, at the time of writing. This is at a time when Kraken, a popular crypto exchange, shut down its staking operations in a Securities and Exchange Commission settlement. The token is currently trading for $49.51, with a market cap of over half a billion dollars while market leaders such as BTC and ETH have fallen by close to 4% and 6% respectively.

How Does It Work?

Rocket Pool operates by running nodes that verify transactions for Ethereum 2.0. Investors can begin staking by depositing ETH and becoming node operators. If only 16 ETH is deposited, Rocket Pool matches it with another user’s deposit so both parties can benefit from higher rewards but also share their risks equally among them .The node earns a flexible APY which helps investors maximize their returns from their investment .This token can be used just like other ERC-20 tokens, such as selling, using in DeFi platforms or holding in cold storage .

Tokenized Staking

To mitigate risk associated with locking up tokens for long periods of time ,Rocket pool offers tokenized staking which gives users an option to receive rETH token when they stake either 16 or 32 ETH which represents their stake & yield .This way users can use this token just like other ERC-20 tokens like selling ,using it in DeFi platforms & holding them in cold storage .

Conclusion

Rocket pool provides an efficient solution to make investing easier & more accessible with minimal risk involved & maximum return potentials thus making sure all stakeholders get rewarded fairly .It has turned out to be one of most popular crypto gainers today with two digit percentages returns despite lackluster performance from market leaders like BTC & ETH .

Doritos and Polygon Partnership

• Doritos has announced its partnership with the blockchain platform, Polygon, to launch a metaverse experience called Doritos Triangle Studios.
• Players can create an NFT avatar and explore the triangular tower on the second floor, with a chance to win custom gaming PCs, NFTs, limited-edition Doritos wearables and more.
• The campaign will commence on February 8th and end on February 10th.

Experience the Metaverse

Doritos is taking its pioneering metaverse experience in Decentraland (MANA) to another level by partnering with Polygon Network (MATIC). Through this collaboration, both native cryptocurrency users as well as non-crypto users are invited to take part in the new campaign – Doritos Triangle Studios. Starting from February 8 till February 10 players can explore the triangular tower situated on the second floor of their 3D avatars after they have typed their names in. Furthermore, they have a chance of winning various rewards depending on how many playing points they gain.

Rewards

The lucky metaverse enthusiasts stand a chance of walking away with super-rare collectibles such as NFT CloneX #12118 (Takashi Murakami drop), high-end gaming PCs and legendary Larva Lab’s Meetbits #53 digital collectible. Additionally, eight wearables are also up for grabs consisting of four unlocked and four locked items along with two custom gaming rigs from BRParadox which are all minted on the Polygon Network.

Polygon Acknowledgement

Polygon CEO and co-founder Sandeep Nailwal took to his Twitter acknowledging that Doritos was joining their network stating that: “The reach of Polygon in the mainstream is mindboggling”. He further expressed his excitement towards the collaboration between both firms which will enable them to penetrate into further market segments through digital assets such as NFTSs.

Conclusion

By partnering up with Polygon Network (MATIC), Doritos has taken a step towards greater innovation through blockchain technology which will enable them to expand even further into different market segments while also giving out great rewards for participants who join their campaign!

• StepN’s GMT token is looking to break multi-month highs after a strong showing in recent weeks.
• Market adjustments and potential rejuvenation of the GameFi and NFT space could lead to further gains for GMT.
• Consumer Price Index (CPI) numbers reported earlier this month showed that inflation has dropped in the United States.

GMT Price Prediction

StepN’s GMT token is looking to break multi-month highs after a strong showing in recent weeks. The digital asset is trading close to its short-term moving average (MA) indicators, with the 10-day MA standing at $0.06006, and its price ahead of its long-term MA metrics, GM is still looking quite solid. A negative moving average convergence divergence (ACD) shows that GMT is giving off a buy signal, and the asset’s relative strength index (RSI) of 36.57 shows that it is not overbought yet.

Market Adjustments

Friday saw the crypto market experience a bit of a rally adjustment. After an impressive 24 hours in which major altcoins regained some of their milestone points, and the overall market capitalization surpassed $1.05 trillion, prices appear poised for another adjustment as the rally cooled into the early hours of the day. As expected, the price of StepN’s GMT token has followed this trend significantly – trading at $0.05947 – down by 7.85% in comparison to 24 hours before..

GameFi and NFT Spaces Poised for Recovery

StepN is a lifestyle and health management platform that incentivizes users to get more active; as users progress with their workouts they earn GMT as a reward. This surge in asset price appears poised by both improved market conditions and potential rejuvenation within GameFI and non-fungible token (NFT) spaces; investors have renewed faith that broader market rallies can spark recoveries within these sectors so are eager to back projects which offer impressive gains..

Inflation Rates Dropping

Consumer Price Index (CPI) numbers reported earlier this month showed that inflation has dropped in the United States – something which may be reflected within markets soon enough..

Conclusion

Overall, StepN’s GMT token appears set for further gains if gamefi/nft spaces continue their resurgence coupled with lower inflation rates across America – though much will depend upon how general markets adjust over coming weeks/months

• Bitcoin prices held steady on Thursday despite a decline in traditional markets due to recent economic data and comments from the Federal Reserve.
• Bitcoin rose from a low of about $20,408 late Wednesday night to an intraday high of $21,207 on Thursday afternoon, despite concerns over the potential bankruptcy of Genesis Global Capital.
• Analysts such as Jim Wyckoff and Milky Bull Crypto predict that Bitcoin will soon surge to $28,000.

Despite a decline in traditional markets due to recent economic data and comments from the Federal Reserve, Bitcoin prices held steady on Thursday. Coinmarketcap.com reported that Bitcoin rose from a low of about $20,408 late Wednesday night to an intraday high of $21,207 on Thursday afternoon, despite concerns over the potential bankruptcy of Genesis Global Capital.

Senior technical analyst at Kitco Jim Wyckoff stated that Bitcoin bulls currently have the upper hand in the short term, with a strong uptrend on the daily chart, indicating the potential for further gains in the short term. Wyckoff’s sentiment was echoed by blockchain analyst Milky Bull Crypto, who predicted that Bitcoin will soon surge to $28,000.

The sideways price action for Bitcoin over the past few days is being seen as a normal pause after reaching a four-month high on Tuesday. Federal Reserve Vice Chair Lael Brainard stated during a speech at the University of Chicago School of Business that the central bank must continue to tighten monetary policy in order to achieve a sustainable 2% inflation rate.

As the cryptocurrency market continues to mature, Bitcoin remains one of the most promising digital assets. Its resilience in the face of economic uncertainty and the bullish predictions from both Wyckoff and Milky Bull Crypto suggest that further gains may be on the horizon. With a strong uptrend on the daily chart and a potential surge to $28,000, it appears that the September high could be the next target for Bitcoin.

As the world of cryptocurrency continues to evolve, it is important for investors to stay informed on the latest news and developments. By understanding the current economic environment and the potential for future gains, investors can make informed decisions when it comes to investing in the digital asset market.

• Bitcoin price is predicted to stabilize above the $19,000 resistance.
• BTC could possibly hit the $20,000 resistance if the bulls increase the effort.
• If the Bitcoin price fails to move, it could potentially drop to the lower boundary of the channel and reach support levels at $17,500, $15,500, and $13,500.

Bitcoin is currently trading at $19,264 as the coin is preparing for a potential upward movement. The Bitcoin price is heading towards the upside and if the bulls increase their effort, it is likely to cross above the upper boundary of the channel at $19,129.72. This could be a sign of sustainability and may lead to a bullish continuation.

The Bitcoin prediction shows that the coin could possibly hit the $20,000 resistance if the bulls put in more effort. If the Bitcoin price succeeds in moving up, the potential resistance levels would be at $21,000, $23,000, and $25,000. On the other hand, if the Bitcoin price fails to move, traders could see a price cut towards the lower boundary of the channel. A further low could bring the price to the support levels at $17,500, $15,500, and $13,500.

The Bitcoin market cap is around $371.6 billion and the circulating supply is 19.2 million. BTC is ranked number one on Coinmarketcap and is continuing to show signs of bullishness. Investors are advised to keep an eye on the market and watch out for any potential changes in the Bitcoin price.