One of the most perplexing aspects of investing in cryptocurrencies is deciding which currency to choose.

There are hundreds of feasible possibilities, each of which operates distinctively and has its own micro-market that reacts differently. Aside from the fact that most tokens vary in value in comparison to others in terms of price, there are other characteristics and attributes to consider when investing in cryptocurrencies. Features like scalability, and security, are essential when choosing your preferred token.

However, some cryptocurrencies have surpassed expectations, standing the test of time while introducing more and more exciting features into their ecosystem. Cryptocurrencies such as Ethereum (ETH), which is set to upgrade to its higher version, Ethereum 2.0, Cardano (ADA), and the newly launched token Logarithmic Finance (LOG), which is currently in its presale stage. In this piece, we shall explore the features of these tokens and how they are set to take the crypto world by storm.

Ethereum (ETH) is a smart contract framework for developing decentralized apps. It was the first platform to introduce smart contracts, programmable agreements that can work similarly to legal contracts and are automatically executed whenever certain circumstances are satisfied.

Ethereum (ETH) shares many of the same qualities as previous blockchains, such as being an immutable public database of transactions, resisting censorship thanks to a decentralized consensus method, and delivering a secure network using proof-of-work hashing.

Users on Ethereum (ETH) can send financial transactions using Ether, the network's native coin (ETH). They can also use any of the network's decentralized applications (dApps), including decentralized finance (DeFi) platforms, non-fungible token (NFT) marketplaces, and blockchain-based games.

Ethereum aims to reach higher in the crypto world by introducing an advanced version of itself, Ethereum 2.0. The upgrade intends to improve the Ethereum network's speed, efficiency, and scalability to handle more transactions and reduce congestion. This is one cryptocurrency you want to watch out for.

Claiming to be an upgrade of Ethereum (ETH), Cardano (ADA) intends to enable its native ADA cryptocurrency to be acceptable in a wide range of transactions. Cardano's development is driven by academic and scientific research, and some believe that because its code is mathematically proven to be more effecient, the Cardano (ADA) network will gain increased adoption.

Cardano (ADA), like Ethereum, allows developers to write smart contracts and build decentralized applications.

However, whereas Ethereum deals with development issues as they emerge, Cardano (ADA) aims to anticipate difficulties. It has a scientific research mindset when planning network upgrades. Cardano (ADA) users can also utilize the network's native cryptocurrency, ADA, to send financial transactions.

The Logarithmic Finance (LOG) protocol is a layer-3 switching protocol which will allow a bridge for the technology divide between investors and innovators. The developers hope to change the way people interact with the cryptocurrency industry. Because token holders will be able to exchange their LOG tokens for NFTs, they will have access to various digital assets. As a result, LOG creates an environment in which investors, fintech innovators, and artists can easily connect.

This initiative by LOG developers will increase access to the crypto platform and may even increase new investor interest in DeFi currencies.

Logarithmic Finance (LOG) is developing a multi-chain cross-chain solution that will enable investors to create funds on several decentralized blockchain networks, including the Binance Smart Chain (BNB), Ethereum (ETH), Solana (SOL), and others. As this token is presently in its presale phase, now is the best time to hop on this bandwagon.

For more information about Logarithmic Finance (LOG) and its presale, visit:

Presale: https://presale.logarithmic.finance/register

Website: https://logarithmic.finance/

Telegram:https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

Twitter: https://twitter.com/LOGARITHMIC_FI

Instagram: https://www.instagram.com/logarithmic_finance

Excerpt from:

The Top Cryptocurrencies to Keep Your Eyes on This Year: Ethereum (ETH), Cardano (ADA), and Logarithmic Finance (LOG) - The Portugal News

Jill Gunter is no stranger to crypto shes seen the market through its ups and downs, conducting research on blockchain protocols, working at multiple crypto startups and co-founding her own, and investing as a crypto VC at Slow Ventures. Gunter first started following the crypto space in 2011, when she was working in the traditional finance world as a derivatives trader at Goldman Sachs and when Bitcoin was the only major layer-one blockchain.

Since then, Gunter told TechCrunchs Chain Reaction podcast, shes been able to witness three distinct phases of development within the industry that have led it to this moment of heated competition between multiple established blockchains, and even more new protocols entering the fray.

The first phase is what Gunter called the era of altcoins. Protocols like Litecoin, Dogecoin and ZCash were born in this era, when developers sought to tweak the Bitcoin protocol in specific ways, such as changing the block size to change the throughput of the system, she explained.

What you came out with was a lot of blockchains and a lot of tokens that had a lot of the same properties as Bitcoin, but changed the feature set, Gunter said.

The next phase of the development of new blockchains came with the creation of Ethereum in 2015, according to Gunter. Ethereum brought a sea change in terms of what one could do with a blockchain by introducing the concept of programmability.

The modern era of layer-one blockchains, she continued, can be understood as a period of developers trying to tweak the feature sets of programmable blockchains to address some of the issues with Ethereum that exist today. Developers are trying to lower fees, boost usability and add privacy features to applications on the blockchain that the layer-one Ethereum chain itself doesnt have.

Ethereums high transaction costs and low throughput have continued to plague the network with issues, frustrating users. Yuga Labs recent metaverse land sale grabbed headlines last week when people trying to buy NFTs were faced with exorbitant gas fees and failed transactions because of the popularity of the drop.

While alternative blockchains such as Solana and Avalanche offer lower costs and can process transactions much faster than Ethereum, Gunter said these other chains have not been fully put to the test that Ethereum has been because they havent had to process as many users at once.

Whats more, these newer chains have all centralized something in some way, Gunter continued.

For the most part, these things have on their roadmap ways of continuing to decentralize over time, but again, we have yet to see those put to the test. We also have yet to see in what ways decentralization really matters to users in terms of the architecture of these things, Gunter said.

These different blockchains are increasingly having to compete to attract developers to their ecosystems. As co-founder of privacy-focused layer-one blockchain Espresso Systems, Gunter knows firsthand how challenging it can be to get engineers to invest time in developing projects on a specific chain when theres so much competition.

Personally, I dont think its good enough anymore to just wave around a white paper that says, oh, were actually going to be more scalable and more decentralized than anything else, Gunter said. I think that you need to have truly differentiated features from what already exists. And I think that neither is good enough without the other I think you do need to make a case for why your system is going to be the most popular and the most sound going forward over time.

Admittedly, she added, all the layer-one projects out there are making the right noises, but have yet to be put to the test by users. Especially if crypto continues to experience a market downturn, the winners and losers in the fight between layer-one blockchains may be separated faster than the industry had expected.

You can listen to the entireinterview with Gunteron our podcast, Chain Reaction. Subscribe to Chain Reaction onApple,Spotifyor your alternative podcast platform of choice to keep up with us every week.

See the rest here:

Crypto VC Jill Gunter on what it will take to beat Ethereum - TechCrunch

Plummeting cryptocurrency prices are wreaking havoc on NFTs. On Monday, as Bitcoin and Ethereum flirted with 10 percent drops, the sale of NFTs fell too.

The so-called blue-chip NFTs were not saved from the carnage.

One person who sold off was the owner of Bored Ape #4688, who bought it just two weeks ago for $418,656. He sold it Monday for $240,596, a loss of $178,060.

It was just 10 days ago that the floor price the cheapest price for a Bored Ape was $419,273. By 5 p.m. ET on Monday, the floor was down to $198,230, a drop of nearly 53 percent.

One Cryptopunk sold for $106,111, the lowest price for a Cryptopunk in nine months.

Theres also less interest in buying NFTs. On Sunday, there were fewer than 40,000 unique buyers of NFTs, according to tracking site Cryptoslam. It was only the fourth time since Aug. 1, 2021 that the unique buyer number went under 40,000.

Otherdeed, the virtual land NFT from Yuga Labs, the owners of Bored Apes and Cryptopunks, sold $780 million worth in the first five days of the month. Since then, things have cooled, having seen $46 million since.

The only project that seemed to be immune from the decline were Doodles, which recently hired a Billboard executive to be its CEO. Odds are Doodles owners are willing to hold out thanks to the company announcing that anyone holding a Doodle on May 12 will receive a Dooplicator, a functional piece of Doodle machinery with extraordinary powers.

How would you rate this article?

Go here to read the rest:

Rovell: NFTs Crash as Bitcoin and Ethereum Fall, Bored Ape Floor Down 53 Percent in 10 Days (May 9) - The Action Network

Australia is set to list its first three cryptocurrency exchange-traded funds (ETFs) on Thursday, May 12th. The first-ever Austrailian crypto ETFs will go live on the CBOE exchange network, and will be managed by Cosmos Asset Management and ETF Securities. The three freshly made ETFs are based on BTC and ETH, and will be known as Cosmos Purpose Access ETF, ETFs 21Shares Bitcoin ETF and ETFs 21Shares ETF.

The three ETFs were supposed to see be listed in April, but had to be postponed as one of the primary brokers decided not to list the ETFs due to the volatile nature of cryptocurrencies. However, his skepticism didnt pay off. Though his colleagues werent able to change his mind, the ETFs found a new lease of life with a new different broker a month later.

First Cryptocurrency ETFs Approved in Canada and Switzerland

Canada and Switzerland are both working to keep up with innovations in the industry, and will soon release their own crypto-based ETFs. Canadian company 3iQ Digital Asset Management seized the opportunity, taking advantage of the delay to Australias ETFs to offer two of their own ETFs to the Australian public. BT3Q and ET3Q offer Bitcoin and Ethereum funds respectively, and represent strong challengers.

By contrast, The U.S. is still struggling to accept physically backed Bitcoin EFTs, but the new crypto bill signed by President Joe Bidden may be the catalyst needed to push things forward.

Continue reading on DailyCoin

The rest is here:

Australia to List Bitcoin & Ethereum ETFs for the First Time By DailyCoin - Investing.com

Several cryptocurrencies are emerging to take on the king of the hill, Bitcoin. Ethereum's (CRYPTO:ETH) trading price rose 408% in 2021.Investors like Ethereum as a viable competitor to Bitcoin because of its faster transaction speeds and its large ecosystem ofdecentralized applications (dApps), which are programs that run on blockchains.

But there is another up-and-coming crypto starting to show promise. NEAR Protocol (CRYPTO:NEAR) rose 984% last year.This layer-one blockchain offers similar benefits in transaction speeds and utility value as Ethereum,but with much greater upside potential. Let's check it out.

Image source: Getty Images.

The entire crypto market is currently worth just over $1.5 trillion.If you're looking for a relatively safe but strong performer that can multiply your original investment, I would look at smaller blockchains that are seeing price momentum supported by a growing developer community.

NEAR currently has a market cap of $6.2 billion. It could rise 42-fold in value, and it would still only match Ethereum's current market cap of $268 billion.

On the other hand, if Ethereum increased 42 times in value, it would command a market cap of over $11 trillion, which is not likely to happen anytime soon.

Supporting the upside case for NEAR are some key developments in the past year that are starting to attract investor interest.

It can take six minutes to finalize a transaction on the Ethereum blockchain, but NEAR can currently process up to 1,000 transactions per second and has the potential to reach 100,000 per second.

NEAR uses a technology called sharding, which fundamentally makes it faster than Ethereum.With Ethereum, every transaction must be processed through every node in the network, which slows it down. But with sharding, the work is split among different nodes, so transactions can be processed much faster.

The NEAR Foundation says the rollout of its Simple Nightshade sharding mechanism will make its blockchain "super-fast, incredibly secure, and capable of onboarding millions of users into the world of Web3 without skipping a beat."

In the same announcement, NEAR disclosed that only 13% of the network was being used in mid-November of 2021, but the NEAR team said that the average number of daily transactions had risen to more than 300,000, with "more and more projects building" on the blockchain.Prices of cryptocurrencies tend to follow growth in developer projects, so this is a strong indicator of where NEAR might be heading.

NEAR has one of the fastest-growing developer communities, and that's being validated by a rising value in the market. I believe it's a promising cryptocurrency to buy with higher upside than Ethereum in 2022.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Originally posted here:

This Crypto Will Be the Ethereum of 2022 - Motley Fool

Key Takeaways

The Ethereum Foundation has rebranded the terms Ethereum 1.0 and Ethereum 2.0 in order to avoid future confusion. Going forward, they will be known as Ethereums execution layer and consensus layer, respectively.

In a Mondayblog post, the Ethereum Foundation announced that it would retire the terminologies ETH 1.0 and ETH 2.0 in favor of the terms execution layer and consensus layer.

The execution layerformerly known as Ethereum 1.0refers to the Proof-of-Work blockchain that is known today as Ethereum. The Proof-of-Stake Beacon Chain, which is intended to take over consensus processes after the merging of the two blockchains, will henceforth be known as the consensus layer. Taken together, they are to be known collectively as Ethereum.

The critical step in this direction will be the upcoming merge, a future upgrade in which the current Proof-of-Work chain will unite with the Proof-of-Stake Chain. It is scheduled tentatively in June 2022.

Proof-of-Stake is a consensus system requiring validators to stake their funds on the network to validate new transactions. Ethereums move from Proof-of-Work to Proof-of-Stake is intended to enable greater scalability and eventually lower transaction costs.

In the post, the team aired concerns that the existing terms, Ethereum 1.0 and 2.0, have the potential to confuse new usersit wrote that users intuitively think that Eth1 comes first and Eth2 comes after. Or that Eth1 ceases to exist once Eth2 exists. Neither of these is true. Per the team, after the upgrade takes place this year, there will no longer be two distinct networksor even conceptsof ETH 1.0 and ETH 2.0. The two will simply be separate but integral components of the overall network known as Ethereum.

Another critical objective behind the rebranding was the prevention of scams. The team aims to prevent users from getting scammed by malicious entities who have taken advantage of the confusion created by the numerical names for Ethereum Proof-of-Work and Proof-of-Stake chains. Such scams sometimes involve tricking users into believing they must migrate their ETH to ETH 2.0, resulting in lost funds.

Disclosure: At the time of writing, the author of this piece owned ETH and other cryptocurrencies.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

As of today, the Ethereum 2.0 deposit contract contains about 9 million ETH, equivalent to about $30.2 billion. Users Stake $30 Billion For ETH 2.0 9 million ETH have been...

Ethereum has launched its Kintsugi testnet, the latest step toward replacing its Proof-of-Work consensus mechanism with Proof-of-Stake. Kintsugi Is a Step Toward Proof-of-Stake Ethereum Foundation member Tim Beiko posted today...

Vitalik Buterin has published a new piece addressing Ethereum gas fee markets. Specifically, he discussed launching a new multidimensional EIP-1559 update. Vitaik Buterin Makes New Ethereum Proposal Vitalik Buterin has...

Were doing this because we want to be better at picking advertisers for Cryptobriefing.com and explaining to them, Who are our visitors? What do they care about? Answer our questions...

Read the original:

Ethereum Scraps "ETH 2.0" in Roadmap Rebrand - Crypto Briefing

New Delhi: The recent crypto market crash has dragged a number of cryptocurrencies sharply lower, with many of them trading at less than half their prices from peaks.

One such example is Solana, which enjoyed the title of 'Ethereum Killer' till a few weeks ago. But now, it has lost its mojo.

The digital token has slipped down to the eighth spot among the largest crypto tokens from the fifth position earlier. It has lost two-thirds of its value from the peak of $260 hit last November. The crypto-token was trading around $86.5 on Monday. In the last 24 hours, Solana has tanked more than 17 per cent with its traded volume down about 25 per cent in the given period. The volume in this token has remained low off late.

Shivam Thakral, CEO of BuyUcoin, a homegrown cryptocurrency exchange, said Solana network faced a major outage and was down for almost 48 hours. "The issue was resolved on Sunday but the damage was already done as Solana witnessed heavy liquidations," he said.

Vikas Ahuja, CEO of CrossTower India said that the instability issue was experienced by validators and also many excessive duplicate transactions were noticed according to a notice on the Solana website on January 22.

A point to observe is that Solana has not created a new defined low from a high time frame perspective, indicating that buyers are getting active and preventing a further decline, said Raj A Kapoor, Founder, India BlockChain Alliance.

OUTLOOKSolana could drop to the $78-80 range if the crucial supports are breached and the present signals suggest that the market is headed for the same, thanks to the extremely volatile crypto space, said experts.

However, they said that investors with a 2-3 year horizon will always make a profit in the crypto market. Solana is an attractive buying option at $60-70, they added.

Kapoor of India Blockchain Alliance refrained from giving a long-term estimate but advised to stay invested in the token and buy it on dips.

Currently, Solana is commanding a market cap of little more than $27.3 billion, which was around $80 billion during its golden days. Its market cap is marginally ahead of Terra ($25.5 billion).

Gaurav Dahake, Co-founder & CEO, Bitbns said the overstressed beta version is one of the reasons for this fall in Solana and is expected to be resolved in a short time. Although there is more to be expected in terms of price going downwards, he said.

Solana is a highly functional open source project that banks on blockchain technologys permissionless nature to provide decentralized finance (DeFi) solutions.

The idea and initial work on the Solana project began in 2017 and the token was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. Solana is a layer 1 token which is the base layer for cryptocurrencies, including Bitcoin.

Read more:

Down 67% from high! Are golden days of this 'Ethereum Killer' over? - Economic Times

Crypto.com said Thursday that cybercriminals had breached its security systems earlier in the week and made off with more than $30 million in stolen bitcoin and ethereum.

The cryptocurrency exchange Crypto.com, known for its viral commercial starring Matt Damon as well as its recent $700 million deal to rename the Staples Center in Los Angeles as Crypto.com Arena, said the hackers managed to bypass its two-factor authentication system and withdraw the funds from 483 customer accounts, according to a statement the Singapore-based crypto exchange posted Thursday on its corporateblog.

"Unauthorized withdrawals totaled 4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies," the company said in the post.

That works out to around $15 million and $19 million in ethereum and bitcoin, respectively, based on current exchange rates. All customers have been "fully reimbursed" for any lost funds as a result of the hack, Crypto.com said.

The blog statement serves as a postmortem of the hack, which the company said happened Monday. It provides details of the event and the company's detection and response to the cyber breach, as well as its "next steps," but it does not offer information on the identity of the hackers behind the breach.

The timing of Crypto.com's public statement, a full three days after the hack, is viewed by many as belated confirmation. According to an article from CoinDesk on Wednesday, about 4,600 etherium that was reportedly stolen from Crypto.com was "currently being laundered via Tornado Cash an Etherium Mixer." Thursday's blog post also followed a Bloomberg interview Wednesday with Crypto.com Chief Executive Kris Marszalek, in which the CEO acknowledged that approximately 400 customer accounts were hacked.

"Given the scale of the business, these numbers are not particularly material and customer funds were not at risk," the CEO told Bloomberg.

The company first acknowledged something unusual was up in a January 16tweetin which it announced the temporary suspension of withdrawals following user reports of "suspicious activity on their accounts."

"We will be pausing withdrawals shortly, as our team is investigating. All funds are safe," the company said.

The company's claim that "All funds are safe" was quickly challenged by customers, most notably Los Angeles-based jeweler Ben Baller, who immediately tweeted back, "I messaged yah guys hours ago about my account having 4.28ETH stolen out of nowhere and I'm also wondering how they got passed the 2FA?"

Two-factor authentication, or 2FA, is the multistep security system that requires users to provide two distinct forms of identification, such as a one-time passcode in addition to a password, when logging into an online account. The commonly used security measure provides an extra layer of protection against weak passwords such as, say, a surname followed by "123." While used by industries across the board, 2FA is considered a must for digital currency accounts. Monday's breach, however, brings into question the reliability of 2FA in keeping digital assets safe from hackers.

For now, Crypto.com says it is sticking with 2FA, but not for long.

Upon discovery of the breach, the company "revoked all customer 2FA tokens" and used the 14 hours of downtime from withdrawal activity to "revamp," according to the statement. Customers were then "migrated to a completely new 2FA infrastructure," as an additional security measure.

That is only temporary, however, as the company says it plans to ditch 2FA for "true Multi-Factor Authentication (MFA), providing added strength for our global user base."

Shares of Crypto.com have fallen more than 6% since news of the security breach, closing Thursday at 46 cents a share.

Trending News

For Breaking News & Analysis Download the Free CBS News app

Read the original here:

Crypto.com says hackers stole more than $30 million in bitcoin and ethereum - CBS News

ThisJan. 12edition of "The Crypto Show" on Backstage Passhighlighted an interesting discussion of whether Decentraland(CRYPTO:MANA) and other metaverse games could indirectly boost the value ofEthereum(CRYPTO:ETH).Fool.com contributors Chris MacDonald and Jon Quast took on this topic.

Jon Quast:I don't mean to put you on the spot here, but as far as the NFTs go, I know this can be built on various blockchains. Are these built on the Decentraland or is it built on something else like the Ethereum blockchain? I might be asking the wrong question here.

Chris MacDonald: Decentraland is built on the Ethereum blockchain. Each of these metaverse cryptocurrencies have different ways of transacting.

We're going to talk about The Sandbox (CRYPTO:SAND) in a second. But for The Sandbox, they have their own cryptocurrency SAND. We have to use SAND tokens to trade NFTs and with Decentraland, I'm actually not 100% sure. I think the transactions are done in Ethereum but I might be wrong on that. Viewers can correct me if I'm wrong, but it is built on the Ethereum blockchain.

Quast: As Decentraland is adopted, is this also good for Ether?

MacDonald: Well, that's one of the growth arguments for Ether and for the Ethereum network, in general, is that as these metaverse cryptocurrencies built on top of Ethereum, that the value of Ether should grow.

There's a theoretical valuation model, that a token is worth all of the sum aggregate value of all the applications built on top of its network. For Ethereum, projects like Decentraland are really important and we're seeing more interest in these projects. There's an indirect valuation argument that can be made for Ethereum as well for sure.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

See the article here:

Could Decentraland Boost Ethereum's Valuation? - The Motley Fool

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

Its official: The Federal Reserve is toying with the idea of issuing a U.S. digital currency.

In a long-awaited report released last week, the Fed explored the costs and benefits of a government-issued digital currency, but deferred a final decision on whether to move forward. Instead, the Fed is giving the public and other stakeholders until May 20 to share their input before taking further action.

Unlike cryptocurrencies, which are typically created within the private sector and regularly see big price swings, a central bank digital currency (CBDC) would be a digital form of cash thats issued and backed by Americas central bank. However, whatever move the Fed makes next could fortify cryptocurrencies or detract from their value, according to Grant Maddox, a certified financial planner and founder of Hampton Park Financial Planning based in South Carolina. It depends on the direction our government chooses to take, he adds.

The Fed was clear in the report that it wont proceed with the issuance of a CBDC without clear support from the executive branch and from Congress, ideally in the form of a specific authorizing law.

The Fed is attempting to be politically savvy as it weighs a digital dollar, says Salman Banaei, head of public policy in North America for crypto data firm Chainalysis. If the Fed had taken a clear stance on the matter, they would have gotten a lot of political pushback, says Banaei.

Hours after the reports release, and amid the stock markets worst week in nearly two years, Bitcoin and Ethereum saw significant drops. The prices of Bitcoin and Ethereum havent been this low since July.

There are two leading factors influencing the demand for crypto now: its value as an inflation hedge and its value as a risk asset, says Banaei. The perceived likelihood of a crypto future rises or falls based on regulatory risk too.

Heres what experts are saying about the report released this week, and what investors should make of it.

Point of view: Head of public policy in North America for crypto data firm Chainalysis

Reaction: What I was surprised by was how seriously the Fed took the notion of a CBDC. The crypto industry is excited to see that this is happening. A lot of the infrastructure that has been built to support the crypto industry could easily integrate the CBDC into existing providers. But the timeline for a CBDC is going to be far more extended I think its going to take two to four years before we get another major milestone.

Point of view: Host of the Unchained Podcast and author of The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze

Reaction: Its not surprising that the Fed would be exploring a central bank digital currency because blockchain technology, although its still being developed, has many advantages over our current analog systems. Plus, it could help the US dollar maintain its global reserve currency status. It already looks like China could try to leverage its digital yuan to chip away at the USDs status as the global reserve currency. Its also not surprising that the Fed is not ready to announce any decision, but are currently just soliciting feedback, because a central bank digital currency raises a lot of questions about security and privacy, plus has the potential to disrupt existing financial institutions.

Point of view: CFP and founder of Hampton Park Financial Planning

Reaction: They are keeping up with the likes of China and others who have advanced in blockchain. A digital U.S. currency may allow for quicker payments to foreign allies, improving our geopolitical outlook. The move could improve monetary policy decisions by allowing for easier distribution. We join about 90 other countries reviewing this option. The addition could add additional complexity to our world markets and distract attention from the dollar.

Point of view: CFP and founder of Insight Financial Strategists

Reaction: Blockchain has plenty of applications that dont have to be a currency, so there are still plenty of things to do in the private sector. I firmly believe that no self-respecting government will give up control of its currencies to a private sector entity. Governments need to retain control of the money supply and of interest rates. Like it or not, these are major tools for managing economies. The U.S. is not the only country thinking of digitizing its currency. China is on its way, too, as are a number of other countries.

While there probably arent any immediate changes crypto investors should make based on the Fed report released this week, its a good reminder that policy makers are paying attention to how perceptions of crypto are taking shape.

The Fed move means that people who were thinking of crypto as actual currency are going to get their bubble popped, says Chen. Many Bitcoin types were thinking that it is a currency and that it would replace traditional currencies. Well, not if the Fed, the European Central Bank, and other central banks have anything to say about it.

The fundamentals of cryptocurrency investing remain the same. Experts say you should stick to the big two cryptocurrencies, Bitcoin and Ethereum, and only invest what youre OK with losing or no more than 5% of your total portfolio. Always prioritize important aspects of your finances, such as saving for emergencies, paying off high-interest debt, and saving for retirement, ahead of cryptocurrency investments. As for where you buy and trade crypto, stick with a mainstream, high-volume cryptocurrency exchange, like Coinbase or Gemini, that proactively complies with evolving federal and state regulators.

See original here:

Experts React to the Feds Digital Currency Report and Falling Prices for Bitcoin and Ethereum. Heres What Investors Should Know - NextAdvisor

The Ethereum Foundation, the company behind the development of the Ethereum (CRYPTO: ETH) blockchain ecosystem, sold a significant amount of their ETH holdings at the assets peak price in November 2021.

What Happened: According to a transaction observed on the Ethereum blockchain by Twitter user Edward Morra, on November 11 last year, the Ethereum Foundation cashed out 20,000 ETH on crypto exchange Kraken.

At the time, the second-largest cryptocurrency by market cap was trading at a price of $4,800 and the collective amount sold was worth more than $97 million.

Related Link:Bitcoin, Ethereum, Dogecoin Regain Some Composure Why This Analyst Thinks This Crash Is Not Like The Ones That Came Before It

Ethereum has lost at least 40% of its value since its peak price last year and was trading at under $2,500 at the time of writing.

Morra highlighted that in 2021, the Ethereum Foundation cashed out 35,000 ETH on May 17 incidentally, this was also at the assets previous all-time high and two days before the wider crypto market crashed.

The Ethereum Foundations wallet address is called EthDev and has a total of 353,318 ETH worth $827 million at current prices.

Read more:

Ethereum Foundation Sold 20K ETH Worth $97M At Its All-Time High - Benzinga - Benzinga

On this Jan. 12edition of "The Crypto Show" on Backstage Pass,Fool.com contributors Chris MacDonald and Jon Quast discuss volatility in the crypto world, and how to handle this volatility with cryptocurrencies such asBitcoin(CRYPTO:BTC) andEthereum(CRYPTO:ETH).

Jon Quast: Let's kick it off here at the very beginning and let's talk about what's been going on, crypto movements. It's been volatile, Chris.

Chris MacDonald: Yeah. Interestingly, declines in Ethereum have been following the same pattern over recent weeks and we've seen there's a little bit of a recovery in the market today. It's interesting.

We're going to get to some of the inflation data later, but the market is interpreting seven percent inflation as a good thing today. That's interesting. What we're seeing is a recovery across-the-board. Bitcoin has been a little bit less volatile than the other tokens, and I think probably being viewed more as a store of value. We're seeing Bitcoin's volatility, it's up five percent today but down five percent for the week, and Ethereum, it's been a little bit more volatile lately, so we're seeing a bigger increase today and a bigger decrease over the past week, and that's what we've seen in some of the Altcoins, and a lot of the more higher momentum meme tokens and other interesting ones that are grabbing a lot of investors' attention right now.

Jon Quast: It's incredible when you think about it. Bitcoin, I don't know what the exact market cap is right now, but roughly a trillion dollar market capitalization. You look at Ethereum, I believe last I checked somewhere in the ballpark of 500 billion market cap.

Moves like this -- up 10 percent, down 10 percent. It's very, very surprising to me at this stage of the game. We didn't have this in the notes, but I just want to ask, how much sleep are you personally losing over the daily fluctuations of crypto? I'm asking a little bit facetiously.

Chris MacDonald: Well, for me, personally, I've got a small percentage of my portfolio in the crypto in general. For me, the volatility is somewhat expected. I think a lot of people that follow the crypto space or have followed it for a little while know about how volatile these tokens are and expected. I think that's the expectation you have to have going into it that with the returns that these tokens have provided, alongside that comes a lot of volatility.

Over the short-term, these moves are expected, and that goes to the thesis too of, will these ever be true currencies because do you want to get paid in something that goes up double-digit percentage every week or down. You want something a little bit more stable, so we're going to talk about some stablecoins today too. I think that's a little bit of a segue there, but that is an interesting aspect of the crypto world. I think viewers on here have to expect that volatility a little bit.

Jon Quast: Yeah, and definitely, when you are dialed into long-term investing, you really have to lay some of those day-to-day gyrations. You have to lay them to rest, put them out of your mind. Personally, I haven't even checked my cryptocurrency portfolio value in 2022. Because frankly, I know that it's been volatile. I don't want to do that to my own psychology and I'm still hanging on for the long term. The reasons that I invested still apply today, so I don't need to check it personally for my own psychology.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

See the rest here:

How to Manage Volatility as Bitcoin and Ethereum Fluctuate Wildly - Motley Fool

What happened: $50,427,300 worth of Ethereum (CRYPTO: ETH) was just moved between 2 anonymous cryptocurrency wallets in a single transaction.

This mysterious persons Ethereum wallet address has been identified as: 0xca436e14855323927d6e6264470ded36455fc8bd

$50 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x6571d6be3d8460cf5f7d6711cd9961860029d85f

Why it matters: Cryptocurrency whales that own millions of dollars in Ethereum tend to move markets single-handedly. If the whale decides to exit this Ethereum position, there could be enough market impact to push down the price of ETH. It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.

You can view more details about the transaction here

According to Glassnode, there are 92,262 Ethereum wallets with over $100,000 in ETH.

See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Price Action: Ethereum is down -7% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

This article was generated by Benzingas automated content engine and reviewed by an editor.

The rest is here:

Someone Just Sent $50M In Ethereum To An Anonymous Wallet - Benzinga - Benzinga

Ethereum whales are adding altcoins to diversify their portfolio. Analysts are bullish on MATIC price recovery and predict a trend reversal in the altcoin.

The cryptocurrency market suffered a bloodbath today. MATIC price posted 13% losses overnight. The altcoin launched its staking program on Bitfinex, offering the exchange 90 million tokens. Proponents expected a bullish impact on MATIC price after the launch of the staking program.

MATIC network has integrated the proof-of-stake mainnet with FTX. Users can now deposit and withdraw the altcoin on either chain. Therefore, the Polygon network hit two significant milestones with the launch of staking on FTX.

@Trader_XO, a pseudonymous cryptocurrency analyst evaluated the MATIC price trend and predicted a spike in the altcoins price. The analyst believes that there is only one direction for the altcoins price, and that is upward.

@BitQueenBR, a crypto analyst and trader, believes that MATIC price is approaching a trendline that has been respected since 2021. The analyst believes that breaking down the trendline could fuel a bullish narrative; however, if MATIC price breaks previous higher low, the downtrend could continue.

Analysts argue that MATIC price has set a bull trap for traders and expects recovery from altcoins price.

FXStreet analysts believe that MATIC price could fall below critical support. This could drive the altcoin to $1.7, continuing the downtrend.

View post:

Ethereum whales diversify to MATIC as altcoin integrates proof-of-stake mainnet with FTX - FXStreet

What happened

Cryptocurrencies were experiencing a nice rebound on Thursday after feeling pressure earlier in the week. The broader stock market is up, and tech stocks, in particular, are moving higher, which generally helps cryptocurrencies. But the bigger news was about a new venture capital fund being raised by Andreesen Horowitz.

Bitcoin (CRYPTO:BTC) was the biggest cryptocurrency to make a significant gain Thursday: It was up by 4.1% at one point in the last 24 hours and at the time of this writing is trading 3.4% higher. Ethereum (CRYPTO:ETH) rose by as much as 4.8% and is now up 3.9%, while Dogecoin (CRYPTO:DOGE) was up by as much as 4.7% and is currently 2.6% higher. Crypto.com Coin (CRYPTO:CRO) was up by as much as 9% and is currently 8.4% higher for the day.

Image source: Getty Images.

The biggest news on the cryptocurrency front actually came out of Russia, where the country's central bank and the Federal Security Service (FSB) have called for a ban on trading cryptocurrencies, and that ban may extend to mining crypto as well. Many crypto mining operations have set up shop in the country. China was the first major country to ban cryptocurrencies. For numerous reasons, it wouldn't be surprising to see Russia follow a similar path.

Cryptocurrencies would like a bigger global audience, but the market clearly doesn't see Russia's actions as something to worry about right now.

More consequential news came from venture capital firm Andreessen Horowitz, which is reportedly interested in raising $4.5 billion for new Web 3.0 and cryptocurrency funds. Initial reports indicate that a $3.5 billion fund will be dedicated to traditional venture investments in companies building for Web 3.0 and the cryptocurrency environment, while $1 billion will be invested in digital tokens.

Andreessen Horowitz has already been one of the most successful cryptocurrency investors to date, and this could solidify its position as the biggest player in this emerging industry.

The news out of Russia is generally a negative for cryptocurrencies, but not surprising. However, I would recommend paying more attention to the moves Andreesen Horowitz makes in the space. The firm has been a key player in helping to build out infrastructure for cryptocurrency and NFT trading, but this investment round could take its involvement to another level.

Long term, the reason I'm bullish on cryptocurrencies generally is the underlying innovation and utility that can be built on these platforms. And the cryptocurrencies that developers are building applications on are the ones that will be successful long term. That's at least one reason the crypto market is moving higher Thursday.

Volatility certainly plays a role as well. The crypto market continues to be volatile, but also correlated with the broader stock market overall. With the market heading higher Thursday, it's not surprising that some of the biggest cryptocurrencies are rising as well.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Continue reading here:

Why Bitcoin, Ethereum, Dogecoin, and Crypto.com Coin All Jumped Today - Motley Fool

If youre a player whos invested some money into their crypto wallet, you might be interested in finding the best Ethereum casinos around.

Ideally you should be on the lookout for some red flags before making your final choice - suspiciously good reviews, slow payout systems, and poor customer support are a few that come to mind.

Were ensuring that our top picks avoid these drawbacks while offering easily redeemable Ethereum casino bonuses, prompt customer support, leading game variety, and more.

mBit Casino was our #1 pick for their generous crypto match and impressive free spin welcome bonus. However, with 12 additional Ethereum casinos on our runners-up list, theres sure to be something for everyone.

Lets take a closer look!

First Look

Best Ethereum Casino Overall - mBit Casino

Best for no-deposit bonus - Bitstarz

Best for slots - 7bit Casino

Best for sports betting - Cloudbet

Best for reload bonus - Slots.lv

Runners-Up:

Bovada

Ignition

Red Dog Casino

Stake.com

Wild Casino

SuperSlots

El Royale

BigSpinCasino

SlotsEmpire

BetOnline

Sportsbetting.ag

MyBookie

Pros

Impressive crypto match with fair playthrough

300 free spins upon first deposit

2, 700+ casino games to enjoy

Instant, fee-free withdrawals

Accepts 6 forms of crypto

Cons

Finding the best Ethereum casino is like finding a needle in a haystack, but it doesnt get better than mBit. Their generous, 110% crypto match (35x playthrough) combined with an assortment of over 2,700 online casino games to enjoy makes mBit a solid choice for our #1 selection.

Gaming Variety: 5/5

Theres zero room to get bored at mBit Casino. They offer 2,700+ casino games to choose from, so no matter how long youve been playing youre sure to find something new and exciting. Among your choices are 1161 specialty slots, 12 poker variants, 12 types of blackjack, 3 kinds of bingo, keno, and over a hundred table games

The only issue we found with their gaming selection was a complete lack of live dealer games, which took us by surprise. However, theres more than enough on mBits menu to make up for this small shortcoming!

Bonuses: 4.8/5

We were very impressed with mBits bonus offering. Theyll match your first deposit 110% up to 13.2 ETH, and theyll give you 300 free spins to boot. The entire package is attached to a challenging but fair 35x playthrough, which means youll be able to earn your bonus back in a reasonable period of time.

Banking: 4/5

Before we say anything else, you should know that fiat currencies are not accepted here. Instead, youre limited to betting with 6 forms of crypto - mBit takes BTC, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and Tether.

They offer a low deposit minimum of 0.01 ETH (the equivalent of $32), and they provide instant, fee-free withdrawals to your crypto wallet.

Theres not much to complain about here other than their refusal to accept fiat currencies, but if youre an Ethereum enthusiast youll have no problems placing your bets.

Customer Support: 4.5/5

Their customer support team is fantastic, and they offer 24/7/365 assistance to players via live chat, email, and phone. We were able to get a real person on the phone in under 15 minutes, and we got an email reply from them in under 24 hours.

Pros

20 free spins upon sign-up (no deposit)

Instant, fee-free withdrawals for players

Crypto match up to 28 ETH + 180 free spins

Accepts 6 forms of crypto

3,524 games to enjoy

Cons

Fairly high 40x playthrough for all bonus offers

No fiat currencies accepted

No live dealer games in sight

Bitstarz is a solid second pick for our review - aside from being the only Ethereum casino on this list that offers players a no-deposit bonus, you can take advantage of their huge initial crypto match and enjoy a staggering assortment of over 3,500 casino games.

Gaming Variety: 4/5

Bitstarz understands the importance of being able to find something new and exciting to play no matter how long youve been involved with them. Thats why they offer more than 3,500 casino games in total - among them, youll find 840+ slots, several poker and blackjack variants, bingo, baccarat, and a few versions of roulette.

While they fail to offer players live dealer gaming, they make up for it with their otherwise vast selection of slots, table, and specialty games. As Bitstarz continues to update their catalog, you can bet on finding something new to enjoy every time you log on.

Bonuses: 4/5

The casino offers players the opportunity to take advantage of 20 free spins upon making an account. Bitstarz is the only ETH casino on our list to offer a no-deposit bonus! However, when you do make your first deposit, youll receive a 100% match up to 13 ETH along with 180 free spins.

The only downside to speak of here is their comparably high 40x playthrough requirement. Youll earn your bonus back, but it might take more time than absolutely necessary. On the other hand, their no-deposit bonus is pretty sweet and gives you more room to work with.

Banking: 3.7/5

Again, we have to reiterate that no fiat currencies can be used at this casino. Once you get past that, youll be able to bet with 6 forms of crypto. Bitstarz takes Bitcoin, Dogecoin, Litecoin, Ethereum, Bitcoin Cash, and Tether.

They offer a low deposit minimum of 0.01 ETH and an even lower deposit minimum of 0.0002 BTC, which we appreciated. Moreover, they provide instant and fee-free withdrawals to your desired crypto wallet.

Wed like to see them accept fiat currencies eventually, but for Ethereum players, Bitstarz is a great fit.

Customer Support: 5/5

Bitstarz goes above and beyond to provide high-quality customer support for all players. Aside from adhering to the industry standard of 24/7/365 assistance via live chat, email, and phone; they can also be reached on Twitter and Facebook.

Additionally, if theres a lengthy expected hold time when you call their phone line, their automated system will call you back when a real person is available to speak with you. No more listening to terrible elevator music!

Pros

1,200 slots for players to enjoy

Accepts fiat currencies and offers fiat match

65 ETH welcome package over first 4 deposits

Low deposit minimums all around

Instant crypto payouts

Cons

7bit Casino was our obvious pick for slots lovers - 93% of its games comprises of quality slot titles. Its mainly leaning towards crypto-focused online gambling. However, they dont discriminate against fiat currencies and in fact offer a generous deposit matches all around.

Gaming Variety: 3.5/5

This casino may be slots-heavy, but it doesnt mean you wont enjoy other classic casino games in this site. While 7bit is mainly slots-focused, it still offers a good selection of table games, poker, specialty games, and even bingo.

Bonuses: 3.5/5

You can take advantage of fiat and crypto match deposits alike, but you wont find any sort of no-deposit bonus here. Their 100% crypto match extends to 65 ETH and 100 free spins over your first 3 deposits, and additionally, they offer a fiat match deposit of 100% up to $100.

While were glad 7bit has come around to accept various forms of fiat currencies, we were a bit disappointed to notice their comparably high 40x playthrough requirement for earning back your fiat and crypto matches.

Banking: 4.5/5

In addition to accepting 6 forms of crypto (BTC, Litecoin, ETH, Dogecoin, USDT, and Bitcoin Cash), you have the option to make your deposits with Visa/MasterCard, Maestro, Neosurf, and Skrill/Neteller.

Moreover, they offer low deposit minimums all around - youll only need to deposit $10 or the equivalent of 0.01 ETH to start placing your bets here. Finally, they offer instant crypto withdrawals and 48-72 hour fiat payouts.

Their wide variety of available deposit methods (combined with their low deposit minimums and speedy payout times) encouraged us to give them a 4.5/5 rating.

Customer Support: 4/5

Their customer support was easy to get in touch with. They offer 24/7/365 assistance via live chat, email, and phone. We emailed their team and got a response back in under 24 hours. When we called their phone line, we were able to speak to a real person in just under 20 minutes. No complaints here!

Pros

20+ sports available to bet on

Live dealer baccarat, blackjack, and roulette

Impressive crypto match up to 65 ETH

Accepts 12 forms of crypto

Broad selection of games to enjoy

Cons

No phone support available

Sports odds arent the most competitive

No fiat currencies accepted

Link:

The Best Ethereum Casinos for Real Money Gambling in 2022 - The News Minute

Bitcoin (CRYPTO: BTC) held its head above the water Monday evening but most major altcoins remained subdued as the global cryptocurrency market cap decreased 1.6% to $1.7 trillion.

What Happened: The apex coin traded 1.4% higher over 24 hours at $36,450.99. Over a seven-day period, it has plunged 13.7%.

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, traded 2.7% lower over 24 hours at $2,422.50. For the week, it has dropped 24.5%.

Dogecoin (CRYPTO: DOGE) was down 0.8% over 24 hours at $0.14 over 24 hours. Over the last seven days, it has fallen 20.1%.

DOGE-rival Shiba Inu (SHIB) declined 5.5% to $0.00002 over 24 hours. It has lost 27.2% of its value over the week.

The three largest gainers over 24 hours were SAFEMOON (SAFEMOON), Maker (MKR), and Cosmos (ATOM).

SAFEMOON shot up a whopping 210% to $0.0000015, ATOM spiked 4.8% to $1,904.38, and ATOM was up 2.3% at $35.71 in the period.

See Also: How To Buy Bitcoin (BTC)

Why It Matters: On an intraday basis, BTC moved between $33,064.80 and $37,475.91 mark, while ETH touched a low of $2,180 and a high of $2,502.70 in the period.

Cryptocurrency markets remain volatile ahead of the Federal Open Market Committee meeting slated for Jan. 25 and Jan. 26.

The rapidly changing Federal Reserve policy in response to rising inflation has caused extreme fear in both legacy and crypto markets, said Marcus Sotiriou, an analyst at the United Kingdom-based digital asset broker GlobalBlock.

The Joe Biden administration is expected to release its strategy for digital assets going into February with the executive order presented to the president in the coming weeks, according to a prior report.

Meanwhile, political tensions are boiling over in Europe. NATO sent in reinforcements and the United States put its troops on the alert over Russian troop build-up on Ukraines borders, according to a Reuters report. Both Russia and the United States are major Bitcoin mining nations.

A bearish market is leading to a fall in open interest. Bitcoin and Ethereum futures open interest have contracted $6 billion and $3.1 billion respectively since November highs, according to Delphi Digital data.

Futures Open Interest Vs Funding Rate for Bitcoin, Ethereum Courtesy Delphi Digital

As prices soured, traders with highly leveraged long positions have been closed out multiple times over the past few weeks. Funding rates remain neutral, with longs and shorts staying even and traders undecided, the independent cryptocurrency research firm wrote, in an emailed note.

The weekly RSI [Relative Strengh Indicator] currently sits at 37, which is usually considered as indicating the price is oversold. The fact that every bear market bottom for Bitcoin has ranged between 29-35 on the weekly RSI suggests that the risk/reward is advantageous for buying in this area if you believe in the long-term value of this asset class, said GlobalBlocks Sotiriou.

Sven Henrich, a technical analyst and commentator, tweeted Monday that it was time to start nibbling on the apex coin.

Amsterdam-based trader Michal van de Poppe said on Twitter that Bitcoin was ready for a test at $38,000 and possibly $40,700 level.

Read Next: Amid The Crypto Carnage, These 2021 Faves Lost Nearly Half Of Their Values Last Week

More:

Bitcoin Manages A Greenish Hue As Ethereum, Dogecoin Keep Flashing Bright Red: Is The Crypto Bloodbath Ne - Benzinga

Ethereum Classic (ETC) gets a bearish rating from InvestorsObserver Monday. The coin is down 5.01% to $22.91 while the broader crypto market is down 4.18%.

The Sentiment Score provides a quick, short-term look at the cryptos recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Ethereum Classic price is currently below support. With support set around $23.45 and resistance at $24.99, Ethereum Classic is potentially in volatile territory as selling pushes the crypto's price below recent support.

Ethereum Classic has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Ethereum Classic

Read the original post:

Ethereum Classic (ETC) Falls 5.01% Monday: What's Next for This Bearish Rated Crypto? - InvestorsObserver

An autonomous bot thats been outperforming the crypto market by using data from weekly surveys of traders shows strong demand for Ethereum and three other altcoins.

The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and gauge trader sentiment from fans of the financial content platform Real Vision.

Real Vision says the bot has had an astonishing record of outperforming the aggregated bucket of top 20 cryptos by more than 20% simply by surveying the preferences of traders.

The latest survey results show that while leading smart contract platform Ethereum (ETH) remains popular with investors at 64% overweight compared to the bot, layer-2 scaling solution Polygon (MATIC) has climbed to the exact same level.

Just a single percentage point behind at 63% is decentralized finance protocol Terra (LUNA) in third place.

Bitcoin (BTC) fills the fourth slot with 62% of respondents voting to overweight their holdings with BTC, despite the rough ride its been on since hitting an all-time high back in November.

Smart contract platform and ETH alternative Solana (SOL) rounds out the top-5 crypto assets at 48%.

Interoperable blockchain ecosystem Cosmos (ATOM) was a hair behind in sixth place, followed by layer-1 smart contract platform Avalanche (AVAX) and the enterprise-grade blockchain platform Fantom (FTM).

Completing the top-10 list are cross-chain interoperability protocol Polkadot (DOT) and decentralized oracle network Chainlink (LINK).

Participants in the Real Vision Bots surveys dont necessarily have to own the crypto in question in order to cast a vote for it. In an interview with Real Vision, the bots co-creator Moritz Seibert describes it as a hive mind that is able to beat other entities in the crypto ecosystem.

This bot is really fascinating because it started as a research project, where we linked it up with a Real Vision Exchange to run paper portfolios based on weekly surveys, where what we wanted to find out is if theres a Real Vision hive mind that can beat the markets and that can also beat the interviewees, the professionals that are interviewed on the Real Vision platform.

And so, as it turns out, there is a hive mind crypto portfolio thats far ahead of the bot run crypto portfolio and the experts and the market.

Featured Image: Shuttersock/vectorpouch/Natalia Siiatovskaia

See original here:

As Markets Break Down, Traders Favor Ethereum (ETH), Solana (SOL), and Two More Altcoins, According to Cryp... - The Daily Hodl

Reviews, News, CPU, GPU, Articles, Columns, Other

3D Printing, 5G, Accessory, AI, Alder Lake, AMD, Android, Apple, ARM, Audio, Biotech, Business, Camera, Cannon Lake, Cezanne (Zen 3), Charts, Chinese Tech, Chromebook, Coffee Lake, Comet Lake, Console, Convertible / 2-in-1, Cryptocurrency, Cyberlaw, Deal, Desktop, E-Mobility, Education, Exclusive, Fail, Foldable, Gadget, Galaxy Note, Galaxy S, Gamecheck, Gaming, Geforce, Google Pixel, GPU, How To, Ice Lake, Intel Evo / Project Athena, Internet of Things (IoT), iOS, iPad Pro, iPhone, Jasper Lake, Lakefield, Laptop, Launch, Leaks / Rumors, Linux / Unix, List, Lucienne (Zen 2), MacBook, Mini PC, Monitor, MSI, OnePlus, Opinion, Phablet, Radeon, Renoir, Review Snippet, Rocket Lake, Ryzen (Zen), Science, Security, Single-Board Computer (SBC), Smart Home, Smartphone, Smartwatch, Software, Storage, Tablet, ThinkPad, Thunderbolt, Tiger Lake, Touchscreen, Ultrabook, Virtual Reality (VR) / Augmented Reality (AR), Wearable, Windows, Workstation, XPS, Zen 3 (Vermeer)

Ticker

Here is the original post:

GeForce RTX 30 and Radeon RX 6000 average prices fall as Ethereum price weakens and GPU availability improves - Notebookcheck.net