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    • Why Bitcoin Has Been Highly Correlated With Fiat
      by bernard on 15 juni 2024 at 02:56

      If bitcoin is anything, it’s an alternative to fiat. Call it a hedge, call it an escape hatch, call it whatever you want. It’s something you can own in case the current iteration of the dominant money system fails or becomes dysfunctional (or already has).

    • Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024
      by frank on 15 juni 2024 at 02:56

      Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token. However, it remains to be seen how Cardano will react, given that it is currently one of the worst-performing crypto assets this year.  Why Cardano’s Price Is Posied To Reach $3 This Year Sebastian mentioned in an X (formerly Twitter) post four reasons he believes Cardano will reach $3 this year. First, he mentioned Cardano’s partnership with Argentina. The Cardano Foundation recently announced its partnership with Entre Ríos, a central province in the country. The move is aimed at fostering blockchain adoption in Argentina. The partnership also benefits ADA as it will help the network break into the Argentine market.  Related Reading: Analyst Predicts 35% Jump For Bitcoin In Next Step Of ‘Magic Bands’ Secondly, Sebastian mentioned the Chang Hard Fork as another reason Cardano is poised to reach $3 this year. This network upgrade is supposed to usher in Cardano’s “Voltaire” era, focusing on decentralized governance. Once this Chang Hard Fork occurs, the Cardano network will become more community-driven, which can help uplift the Cardano ecosystem and further boost investors’ confidence.   Sebastian alluded to the new decentralized applications (dApps) launching on Cardano as another reason the crypto token can reach $3 this year. The launch of these dApps will help increase Cardano’s network activity and ultimately positively impact ADA’s price since the crypto token will gain added utility.  Lastly, Sebastian mentioned that 1.5 billion Cardano tokens will be unlocked for marketing and other investments. He believes these funds could go a long way in promoting the Cardano ecosystem and attracting new users. However, some of his followers disagreed with him in this regard, noting that unlocking this significant amount of tokens would only put massive sell pressure on DA.  Cardano Chang Hard Fork Is A “Big Deal” Crypto analyst and Cardano bull Dan Gambardello recently remarked that the Chang Hard Fork is a bid deal for the Cardano ecosystem, seeing as the network will pivot into “an ear of decentralized, community governance.” The network upgrade is expected to go live later this month, with Gambardello claiming this is excellent timing for the altcoin season.  Related Reading: XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted Gambardello has remained bullish on Cardano despite its unimpressive price action and has even reassured his followers that the crypto token’s current price action is normal. He stated that ADA was in a similar position in the last bull run but still recorded a massive price in that market cycle. He expects something similar to happen again and suggested that ADA’s big move could come once the Altcoin season kicks into full gear.  At the time of writing, ADA is trading at around $0.4, down over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com  

    • South Africa Re-Elects Cyril Ramaphosa of the ANC as President
      by lionel on 15 juni 2024 at 02:15

      South African president Cyril Ramaphosa of the African National Congress (ANC) party was re-elected on Friday, and will lead the country’s first multi-party coalition government.

    • First Mover: Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks
      by lionel on 14 juni 2024 at 22:15

      The latest price moves in bitcoin (BTC) and crypto markets in context for June 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

    • Bernstein: Bitcoin Price Could Hit $200,000 Next Year And Then Head For $1,000,000
      by bernard on 14 juni 2024 at 20:56

      Berstein predicts that Bitcoin price could reach $1 million by 2033, with a stopover at $200,000 as early as next year.

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