Bitcoin (BTC) Will Hit $200k in 2022 – Pantera Capital CEO

Dan Morehead of Pantera Capital is anticipating Bitcoin to hit $200k by 2022 His analysis is based on the adoption of Bitcoin For every million new users, the price of Bitcoin rises by $200 Smartphones will be key in Bitcoin adoption Demand for Bitcoin by institutions is also rising and could lead to a $700k terminal value of BTC The CEO of Pantera Capital, Dan Morehead, has forecasted that Bitcoin (BTC) could hit a value of $200k in 2022. His analysis is based on the adoption of Bitcoin on a…

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Ethereum (ETH) Breaking out to All-time Highs Will Fuel Alt-Season

According to Rekt Capital, Ethereum hitting new ATHs will fuel the next phase of altseason Weiss Ratings concludes that Ethereum thriving will usher in an alt-season greater than 2017’s The premium on Grayscale’s Ethereum Trust has flipped back to positive However, Bitcoin’s recent dip to $47k has paused the continuation of altseason Bitcoin gaining a footing will be necessary for providing the stability needed for alts to thrive Ethereum’s recent push to an all-time high of $2,644 is the fuel needed to drive the next phase of alt-season. This theory…

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Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher

Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s 14.5%. Bitcoin Dominance Sinks to 50% Ever since the birth of alternative crypto assets, people have used a metric called bitcoin (BTC) dominance, a measurement that records BTC’s entire capitalization against all the market capitalizations…

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5 reasons why you should invest in NFTs

NFTs (non-fungible tokens) — or scarce digital content represented as tokens — are driving a new wave of crypto adoption. Thanks to the Ethereum blockchain, artists, game companies, and content creators alike use token standards that attribute provenance to uniquely no fungible assets. NFTs first made headlines in 2017 when Dapper Labs’ game CryptoKitties accounted for 95% of Ethereum network usage at its peak. While someone paying $170,000 for a digital cat seemed like an anomaly, what’s happening today blows that headline out of the water. Platforms like OpenSea, SuperRare, Rarible, and very much…

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Bitcoin funding rate flips negative after $48K retest — Was it a bear trap?

Bitcoin price is more than 20% away from its all-time high, but the current negative funding rate on BTC futures might give bulls a unique advantage. As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every eight hours. While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual contracts (inverse swaps) while simultaneously selling the future monthly…

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