Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has ‘Exponential Growth Ahead’ Fundstrat Global Advisors’ managing partner and head of research, Thomas Lee, talked about the outlook for bitcoin in an interview with CNBC Monday. Lee is a Wall Street strategist with more than 25 years of experience in equity research. Prior to co-founding Fundstrat, he was…
Read MoreDay: 8 December 2021
The Future of Blockchain Interoperability Entering 2022
Developers have long mused over how they can further harness and take advantage of the ever-expanding blockchain industry. September 2021 research asserts the worldwide blockchain market size eclipsed $3 billion in 2020, with estimates the ecosystem would swell in value to at least $104 billion in 2028. These numbers are more impressive when considering that many blockchains have been growing in parallel without any communication or interaction with each other. Interoperability means two or more blockchains are able to communicate with each other to share and access data. A number…
Read MoreEnso mounting ‘vampire attack’ on six crypto index projects
The Enso team hopes to capture over a billion dollars in total value locked (TVL) from the stunt, but users must remain staked for at least 3 weeks to see any benefit. Metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by performing a “vampire attack” on six major crypto index projects on Dec. 9. A vampire attack is when a platform entices users and liquidity from a competing platform by offering higher incentives for use. In September 2020, SushiSwap performed a vampire attack that…
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