Chainlink Might be Undervalued in terms of Supply and Demand

Summary: Chainlink reserves on crypto exchanges have been in a state of constant decline since last year The CEO of CryptoQuant thinks that Chainlink is undervalued in terms of supply and demand Chainlink’s supply on exchanges will probably continue reducing as Grayscale continually scoops up LINK for its new trust Chainlink is currently attempting to turn the $30 price area into support Chainlink (LINK) reserves on crypto exchanges have been in a state of constant decline for the last year. This is according to data provided by the CEO of…

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$93M is All it Takes for Bitcoin (BTC) to Gain by 1%

In brief: Bitcoin is more sensitive than gold to inflows of fiat According to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1% Gold would need $2 Billion to achieve a similar feat Bitcoin’s price action is yet to be overheated on a fundamental level 1% of Stimmy Checks could send Bitcoin to $73k Large fiat investments in Bitcoin have been observed to have a positive impact on the price of BTC. According to a Bank of America strategist, a net inflow of $93…

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Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America Sees One Good Reason to Own Bitcoin A Bank of America team led by strategist Francisco Blanch said in a report published Wednesday that there is “no good reason to own bitcoin unless you see…

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METACO Adds Institutional Support for AAVE Token to Enable Banking DeFi Access

Lausanne, Switzerland – 18 March, 2021 – METACO, the leading provider of security-critical infrastructure enabling financial institutions to enter the digital asset ecosystem, announced an integration with Aave, a decentralised, open-source, and non-custodial liquidity protocol on Ethereum. Aave’s market size is in excess of $2 billion – a pioneer with record growth for DeFi. With this integration, METACO has brought the AAVE token into METACO’s digital asset orchestration system, enabling banks and institutions to securely integrate, store, and manage cryptocurrencies, tokens, and distributed ledgers.  To meet the rapidly growing institutional…

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Nifty News: Tony Hawk’s ‘final’ ollie, man auctions farts, Star Wars and Marvel NFTs

Tony Hawk auctions tokenized ollie, NY man sells NFT farts (with low ‘gas fees’), Star Wars and Marvel NFTs to be burned by the artist and Ripple wants to cash in on the NFT craze. Retired pro skateboarding icon Tony Hawk is the latest celebrity riding the NFT boom, announcing the imminent release of a tokenized video depicting his final ever 540-degree ollie via Ethernity Chain. This will be the last time fans will be able to see Hawk perform the trick, after landing his first one 32 years ago…

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