- Liqwid Finance has been building its Cardano-based platform in recent months, seeking to provide an alternative to the expensive lending platforms built on Ethereum such as Aave and Compound.
- The platform is betting on the very low fees on Cardano and a rethink of the protocol governance – including an incentivized native governance token – to lure users from the Ethereum
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Bitcoin, after seven weeks of repeated failed attempts, finally managed to move past the $21,000 price threshold. According to tracking from Coingecko, at the time of this writing, the maiden crypto is trading at $21,392 after going up by 5% over the last 24 hours. In doing so, Bitcoin also managed to increase its total […]
The debate of which is the better investment between Bitcoin and Ethereum continues to wax strong between communities. This time around, it is being put to the test using MicroStrategy’s crypto investments over the years. Microstrategy is currently seeing a loss on the 130,000 BTC that it had purchased over the years, making it the public company with the largest bitcoin holdings. But what if the company had invested in Ethereum instead? Ethereum Is A Better Bet In the course of about two years, MicroStrategy had ramped up its BTC buying which ran into billions of dollars. At 130,000 BTC on its balance sheet, the company has spent approximately $4 billion to accumulate the coins. However, even with the coins being bought over time at varying prices, the company is still recording a more than $1 billion loss at the current price of bitcoin. Related Reading: Why Cardano (ADA) Could Be Gearing Up For A Rally Given that the company remains steadfast in its support and continuous investment in bitcoin, it begs the question of what would have been the case if the company had gone with another cryptocurrency. Specifically, bitcoin’s largest competitor Ethereum. It is no secret that more often than not, Ethereum has been outperforming bitcoin. So it is not a stretch to say that MicroStrategy would be in a better position if it had invested in Ethereum instead of bitcoin, and the numbers prove this to be true. ETH price remains below $1,600 | Source: ETHUSD on TradingView.com A comparison from Blockchain Center shows that MicroStrategy would be $1.47 billion in profit if it had bought ETH. Tracking the purchases that the company has made over the years, it would have 3,541,989 ETH now, worth $5.6 billion. Even at the peak of MicroStrategy’s BTC holdings, the comparison shows that ETH would still have performed way better. In December when MicroStrategy’s holdings were worth just under $8 billion, it would have been worth $16 billion with ETH. Additionally, if the company had invested in Ethereum and then proceeded to stake its ETH, it would have earned approximately $380 million since then. MicroStrategy would’ve done better investing in ETH | Source: Blockchain Center Even now, if the company were to convert all of its BTC holdings to ETH, it would come out to a total of 1,692,762 ETH. At a 4% APR rate, it would be earning an additional $134 million in annual revenue just from staking alone. Related Reading: Ethereum Must Hold $1,500 Or Risk A Decline To $1,300 The comparison puts the various profitability levels of both digital assets over the year. Ethereum has continued to outperform bitcoin both in the long and short term. It really begs the question of if Bitcoin is really the best crypto asset to invest in as ex-CEO of MicroStrategy Michael Saylor said. Featured image from Forkast News, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed. Related Reading: Cardano Seen Hitting Over $0.50 By End Of November, This Algorithmic ‘Prophet’ Predicts Hoskinson didn’t mince words, saying, “I’ll announce it at the Edinburgh event.” Another Twitter user questioned whether the long-awaited announcement was about the algorithmic stablecoin Djed. Djed has been under development by IOG and the COTI network for quite some time now. An announcement about it would not justify all the hype, according to the user. Hoskinson, however, disagreed, saying, “Not djed. Been working on it for 4 years”. Not djed. Been working on it for 4 years — Charles Hoskinson (@IOHK_Charles) November 3, 2022 Therefore, it remains to be seen what is behind the mysterious announcement. In this respect, investors should be eagerly awaiting November 18 and 19, when IOG celebrates its Scotfest in Edinburgh. What’s Behind The Mysterious Announcement For Cardano? The event is expected to kick off the fifth phase of Cardano’s development, called Voltaire. Currently, the blockchain is still in its 4th era, Basho, which has scaling as its focus. In this regard, the Cardano community is still eagerly awaiting “Hydra“. Simulations of the scaling solution developed by IOG have shown that each “Hydra head” can currently process about 1,000 transactions per second (TPS). With 1,000 stacking pools, each processing 1,000 TPS, Cardano could achieve a throughput of up to one million transactions per second. Whether Hydra’s implementation will be the announcement in Edinburgh nevertheless remains to be seen. Related Reading: Why Cardano (ADA) Could Be Gearing Up For A Rally Currently, Hydra remains in development. Already in March, IOG’s programmers unveiled the Hydra Heads protocol as part of a public testnet. Another thing that speaks against the assumption that the announcement is about Hydra is that the IO Scotfest is supposed to celebrate the era of Voltaire. More than 20 keynotes are planned, with Hoskinson delivering the most important speech. How the ADA price will behave remains to be seen. Previous “announcements of announcements” by Hoskinson, however, have usually generated some hype and price volatility in advance. Ultimately, the significance of the announcement will determine whether the event will be a “buy the rumor, sell the news” event. Djed Stablecoin Entering The Home Stretch Preparations for the launch of the Cardano stablecoin Djed are in full swing. As the founder of the COTI network revealed in mid-October, the final audit is currently taking place before the stablecoin is scheduled to go live at the end of November. The final audit report for $Djed is scheduled for the end of November 🎉 Here's the update from the CEO of $Coti, @shahafbg. pic.twitter.com/6SKXrio5Kg — Djed Stablecoin (@DjedStablecoin) October 14, 2022 Djed is a stablecoin based on an algorithmic design. It uses smart contracts to guarantee and ensure price stabilization. For this, Djed works with a reserve of base coins and mints and burns stablecoins and reserve coins.
Bitcoin and Crypto mass adoption is going to a new level, with international financial service providers like MoneyGram embracing it. MoneyGram is a global money transfer and financial service provider. It has both digital and retail locations around the globe, enabling consumers to pay bills and send money to friends and family at affordable rates. […]
In October 2022, the Ethereum price increased by nearly 20%, leading traders to forecast a potential ETH price target of $2K next. However, the overall macro bearish trend in the crypto markets has led some investors to seek new cryptocurrency assets. One of the most talked about cryptocurrencies in 2022 is IMPT – a sustainable […]
Der Beitrag Ethereum Price Prediction – Traders Say $2k, But This Coin is Greener erschien zuerst auf Crypto News Flash.
Hetzner has limited access to its serves for Solana validators asking them to delete all their activity tied to Solana. Considering Hetzner is the second largest host for Ethereum validators, the same risk applies to Ethereum node validators. In an interesting development, Hetzner, one of the biggest hosts on the Solana network has decided to […]
Der Beitrag 20% of Solana nodes are down, possible risk for 16.9% of Ethereum nodes – Report erschien zuerst auf Crypto News Flash.
Shiba Inu is slowly shedding its gains following the short-lived rally of the crypto market last October 25 as well as its Elon Musk/Dogecoin-inspired price increases. According to data from Coingecko, at the time of this writing, the DOGE spin-off crypto is changing hands at $0.00001217 and has been down by 2.3% over the last 24 hours. It is still enjoying a 12.7% increase for the past seven days and a 23.4% surge over the last two weeks but those numbers used to be higher during the last few days. On October 30, Shiba Inu peaked at $0.00001421 as it increased its market capitalization by almost $2 billion. Currently, the asset is sitting at an overall valuation of $7.177 billion – enough for it to rank 15th among all cryptocurrencies tracked by Coingecko. Related Reading: Rug Pull: 97% Of Crypto Projects On Uniswap Were Scams, Study Reveals Investors Losing Hope for an Immediate Shiba Inu Surge Investors, particularly the members of the CoinMarketCap crypto community, are leaning towards a bearish prediction for the meme dog-themed altcoin this November. According to the findings of Price Estimate tool that aggregated the result of a poll that included 5,133 voters, Shiba Inu is likely to end the month with a trading price of $0.00001093 which is almost 10% lower from the $0.00001209 SHIB price at the time when the voting was conducted. Meanwhile, as for the DeFi asset price towards the end of the year, the decline was slightly lower at 8.46% as it is expected to change hands at $0.00001107. On January 1 this year, SHIB price was at $0.000033. The altcoin, however, failed to sustain its momentum as it was caught in a bearish momentum that slashed more than 63% of its 2022 opening spot price. It only managed to break out of that slump towards the end of October when the crypto market rallied to reclaim the $1 trillion market cap territory and shortly after Elon Musk completed his $44 billion purchase of Twitter. Affected By Dogecoin Movement Over the last few months, Shiba Inu has shown its tendency to follow the directional trend of Dogecoin, which the same crypto community has also given bearish predictions. The dog-themed crypto has recently entered a price correction phase, losing 4.6% of its value over the last 24 hours. Its weekly gain – which stood at over 100% for the past few days – dropped to 80.8% following this recent price dump. As the two digital assets share the same trend almost all the time, Shiba Inu investors are also keeping close watch to Dogecoin to predict when it will move up or go down. Related Reading: Tron Performance Last Month Was Impressive, But Can TRX Do Better This November? SHIB total market cap at $6.6 billion on the daily chart | Featured image from Unsplash, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal understanding of the crypto market and should not be construed as investment advice.
Despite the current crypto winter, the real vision bot shares its latest crypto portfolio allocations. Two analysts predict a bearish November for Bitcoin and the crypto market. Amidst the current crypto winter, a trading robot with an excellent record for accurately predicting the crypto market has released its latest crypto portfolio allocations. The Real Vision […]
Der Beitrag Bot known for outperforming Bitcoin chooses Ethereum competitor for massive profits in a short time erschien zuerst auf Crypto News Flash.
Deribit, a leading cryptocurrency futures and exchange, becomes the first victim of crypto hackers for November 2022 as its hot wallet was drained of $28 million. The cyber attack affected the exchange’s Bitcoin, Ethereum and USDC hot wallets. The company, however, has already given its assurance to immediately compensate the losses with the use of […]
A few weeks back, the crypto market seemed to be dominated by derivatives for both Bitcoin and Ethereum. Additionally, during the past few months, the leverage in Ethereum (ELR) has increased to such high levels which are unheard of (The OI increases too). This showed investors & traders were taking an extra risk in their
The post Slump In Ethereum Derivatives Signal Strong Price Action In Short Term appeared first on CoinGape.
Rug pull is a new type of scam which is now a part of a long history of investment schemes that make investors lose a lot, if not all, of their money. Derived from the popular expression “pulling the rug out” happens when investors are enticed or attracted by developers to put resources (usually a […]
NFL legend Tom Brady recently launched a non-fungible token (NFT) company called Autograph. Today, the brand announced a new video podcast series hosted by one of the NBA’s hottest talents, the Indiana Pacers’ point guard Tyrese Haliburton. Related Reading: MakerDAO Co-Founder Found Dead Days After Eerie Tweets The NBA drafted the basketball player in 2020, […]
The inventor of Ethereum, Vitalik Buterin, weighed in on the debate around crypto regulations and offered his most “controversial” opinions. Across social media, this debate is gaining traction with the participation of prominent personalities in the crypto space. Related Reading: Bitcoin Can Protect Consumers From Existing Fed Hike Paranoia, R. Kiyosaki Says Vitalik Buterin classified […]
Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot. Dogecoin Market Cap Hits More Than $15 Million After The Price Surge The past week has been incredible for DOGE after what had been many months of lackluster sideways performance. At the time of writing, the […]