Ethereum – Marketiva.mobi https://marketiva.mobi Your Bitcoin News Portal Fri, 23 Sep 2022 20:30:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.2 https://marketiva.mobi/wp-content/uploads/2020/10/cropped-bitcoint-logo-1-32x32.jpg Ethereum – Marketiva.mobi https://marketiva.mobi 32 32 Tether Reveals USDT Stablecoin Is Now Supported by Polkadot https://marketiva.mobi/2022/09/23/tether-reveals-usdt-stablecoin-is-now-supported-by-polkadot/ https://marketiva.mobi/2022/09/23/tether-reveals-usdt-stablecoin-is-now-supported-by-polkadot/#respond Fri, 23 Sep 2022 20:30:57 +0000 https://news.bitcoin.com/?p=549170 Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]]]>

Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by a New York judge to produce financial documents last Tuesday.

Polkadot Blockchain Ecosystem Adds Tether

Just recently Tether Operations Limited announced that it was added to the Near Protocol on September 12 and 11 days later, the stablecoin firm revealed it is now hosted on the Polkadot blockchain.

Polkadot (DOT) is an open source distributed ledger project that connects blockchains, decentralized finance (defi), and the Web3 ecosystem. Tether manages the largest stablecoin asset worldwide as it commands a ​​$68.24 billion market valuation on September 23.

Out of the $963.16 billion crypto economy today, USDT dominates by 7.078% of that value. On Friday, Tether said the addition of USDT to the Polkadot blockchain ecosystem is “another milestone” for the stablecoin issuer.

After being added to the Near Protocol and Polkadot Polkadot blockchain ecosystem, USDT is now hosted on 15 different blockchain networks. In a note sent to Bitcoin.com News, Paolo Ardoino, the CTO at Tether said the company is “delighted” to launch tether on the Polkadot blockchain network.

“Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive,” Ardoino noted. In the last 30 days statistics show that tether’s market cap grew by 0.8% and on Friday, USDT commands $45.51 billion of the $81.84 billion in global crypto trade volume.

Tether’s volume equates to 55.60% of the $81.84 billion in swaps today and 62% of all BTC trades today are paired with tether. The Polkadot blockchain support follows a New York judge ordering Tether Operations Limited to produce financial documents that show USDT’s backing.

The judge’s order stems from a class action lawsuit filed three years ago by five plaintiffs. The case further involves the law firm Roche Freedman LLP and just recently Tether’s lawyer said the law firm should be dropped from the case following the controversy surrounding Roche Freedman’s co-founder Kyle Roche.

What do you think about tether being added to the Polkadot blockchain ecosystem? Let us know what you think about this subject in the comments section below.

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Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins https://marketiva.mobi/2022/09/23/crypto-trader-predicts-xrp-could-erupt-by-over-80-updates-outlook-on-bitcoin-btc-and-two-altcoins/ https://marketiva.mobi/2022/09/23/crypto-trader-predicts-xrp-could-erupt-by-over-80-updates-outlook-on-bitcoin-btc-and-two-altcoins/#respond Fri, 23 Sep 2022 19:00:22 +0000 https://dailyhodl.com/?p=218780 A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins. Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87. “XRP: Go to $0.60 and then $0.87 if […]]]>

A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins.

Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87.

“XRP: Go to $0.60 and then $0.87 if that cleanly breaks. Bizarre reaction for some of these altcoins.”

Source: Altcoin Sherpa/Twitter

XRP is changing hands at $0.49 at time of writing.

A rally to Altcoin Sherpa’s target of $0.87 would mark a nearly 80% rise for the payments token.

The analyst then brings up Bitcoin, saying that the king crypto’s current price level seems “spent,” meaning he believes it will dip soon.

“BTC: I think that the wick around $18,500 seems very spent, it seems likely that the next wicks up are coming. 18,000 and 17,500 are the next demand areas up, would stay very cautious.”

Source: Altcoin Sherpa/Twitter

The top crypto asset by market cap is moving for $18,873 at time of writing.

Next on the trader’s list is ETH scaling solution Optimism (OP). Altcoin Sherpa says that while he expects a bounce for OP in the short term, he ultimately expects it to settle around the $0.50 area.

“OP: This current area is a HVN [high volume node] on volume profile, so it should maybe bounce, but this is still a comfortable short all the way down to $0.50 in my opinion.”

Source: Altcoin Sherpa/Twitter

OP is currently trading for $0.926.

Altcoin Sherpa wraps up his analysis by bringing up ApeCoin (APE), the native asset of the Bored Ape Yacht Club non-fungible token (NFT) community. He says that APE currently is at a significant price level and that it “looks scary.”

“APE: $5.85 is a significant level IMO, no 1d [one day] closes over there in almost two weeks. Doing so would mean mid $6s, but it’s a strong level. I still am in my position but I took more profits around the $5.90 area. It looks a bit scary, so taking a bit more profits here.”

Source: Altcoin Sherpa/Twitter

APE is valued at $5.62 at time of writing.

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Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum https://marketiva.mobi/2022/09/23/two-crypto-assets-soar-40-or-more-in-just-one-week-far-outperforming-bitcoin-and-ethereum/ https://marketiva.mobi/2022/09/23/two-crypto-assets-soar-40-or-more-in-just-one-week-far-outperforming-bitcoin-and-ethereum/#respond Fri, 23 Sep 2022 18:05:34 +0000 https://dailyhodl.com/?p=218778 Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall. XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone. XRP is up by 48% in the last seven days and CHZ is […]]]>

Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall.

XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone.

XRP is up by 48% in the last seven days and CHZ is up by 40% over the same period.

A crypto legal expert recently said Ripple lawyers should feel confident in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC).

Pseudonymous crypto analyst CryptoDonAlt says the SEC lawsuit could boost XRP like Elon Musk did for Dogecoin (DOGE), sharing a graph of XRP’s relevant resistances.

“Elon Musk was to DOGE.

What the SEC case could be for XRP.

Would be cool if it played out the same way, doesn’t have to.

Never any guarantees but it’s an exciting narrative for what is essentially a meme coin…

I’m down for full send, these are the relevant resistances

I’ll mercilessly dump the moment I get cold feet (and ducks get cold feet easily – we don’t wear shoes) but until then I’ll be an XRP maximalist.”

Source: CryptoDonAlt/Twitter

CHZ appears to be riding a wave of momentum from a recent fundamental development.

One wave is hype on the project’s work toward launching CHZ 2.0, which will be its own native blockchain designed for high speed and scalability.

CHZ is also seeing a boom in whale activity, according to Santiment.

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Bitcoin, Ethereum Technical Analysis: BTC Falls as Global Economic Slowdown Heightens https://marketiva.mobi/2022/09/23/bitcoin-ethereum-technical-analysis-btc-falls-as-global-economic-slowdown-heightens/ https://marketiva.mobi/2022/09/23/bitcoin-ethereum-technical-analysis-btc-falls-as-global-economic-slowdown-heightens/#respond Fri, 23 Sep 2022 12:47:05 +0000 https://news.bitcoin.com/?p=549097 Bitcoin was back in the red during Friday’s session, as the token was once again trading below $19,000. The recent decline comes as the global economic slowdown has become more apparent. This week, both the Bank of England and United States Federal Reserve have moved to increase interest rates, with the Bank of Japan also […]]]>

Bitcoin was back in the red during Friday’s session, as the token was once again trading below $19,000. The recent decline comes as the global economic slowdown has become more apparent. This week, both the Bank of England and United States Federal Reserve have moved to increase interest rates, with the Bank of Japan also intervening in the currency market. Ethereum was also lower on Friday, falling below $1,300.

Bitcoin

Bitcoin (BTC) fell back below $19,000 on Friday, as financial markets continued their sell-off, while the global economy continued to slow down.

BTC/USD was moving closer to a three-month low on Friday, as the token dropped to an intraday low of $18,859.75.

This comes as both the S&P 500 and gold also dropped to recent lows in the past 24 hours, following U.S. Fed rate hike.

Looking at this chart, today’s decline comes as prices slipped below a key price floor of $19,300, with the 14-day relative strength index (RSI) also dropping below a resistance point.

As of writing, the index is tracking at 41.38, which is marginally below a notable ceiling at the 42.00 mark.

Bears now look set to move from this ceiling to a floor of 37.50, and should this occur, BTC will likely be trading below $18,000.

Ethereum

Similar to bitcoin, today’s red wave also collided with ethereum (ETH), which saw its price once again fall below $1,300.

The world’s second largest cryptocurrency dropped to an intraday low of $1,258.71 during today’s session.

This move has seen ETH/USD move closer to a floor of $1,215, which was hit earlier this week for the first time since July.

As seen from the chart, the 10-day (red) moving average has fully crossed with its 25-day (blue) counterpart, which is a sign that further declines could come.

Currently the RSI is tracking at 37.58, which is in oversold territory, and could be a positive for investors hoping that the sell-off slows down.

Overall, ETH has fallen by nearly 12% in the last seven days.

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Could ethereum fall below $1,000 this month? Leave your thoughts in the comments below.

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The SEC is Angling to Take Authority Over All Ethereum Transactions in SPRK Suit (Opinion) https://marketiva.mobi/2022/09/22/the-sec-is-angling-to-take-authority-over-all-ethereum-transactions-in-sprk-suit-opinion/ https://marketiva.mobi/2022/09/22/the-sec-is-angling-to-take-authority-over-all-ethereum-transactions-in-sprk-suit-opinion/#respond Thu, 22 Sep 2022 22:21:57 +0000 https://cryptopotato.com/?p=215644 On Monday, the Securities and Exchange Commission filed a regulatory action against Ian Ballina. The computer engineer and data scientist has appeared prominently on investment programs such as CNBC, Forbes, Business Insider, and Entrepreneur Magazine.

SEC Hammers Sparkster Coin for Improper Disclosures

The SEC filed the civil complaint in Austin, Texas, over the initial coin offering for the Ethereum-based token Sparkster. The commission alleges improper consumer disclosures regarding Ballina’s compensation from the 2018 ICO:

“[Ballina] claimed he could help people ‘make millions with initial coin offerings…’ [Further he] failed to disclose the compensation he received from the issuer while he publicly promoted the tokens. He also failed to file a registration statement with the SEC for the tokens that he re-sold using an investing pool that he organized.”

On the popular crypto price tracker, CoinMarketCap, the page for SPRK has no price listed. Further, it says, “Market data is untracked. This project is featured as an ‘Untracked Listing.’

That means the Ethereum token doesn’t meet all of CMC’s guidelines for tracked listings. These include leveraging cryptography and decentralized consensus mechanisms to maintain peer-to-peer (P2P) ledgers for digital currency. CMC also only tracks cryptos with a functional website and block explorer. Moreover, coins “must be traded publicly, and actively traded on at least one (1) exchange (with material volume).”

Sparkster CEO Sajjad Daya reached a settlement to pay out $35 million to defrauded investors. That settlement came on Tuesday, just a day after the SEC filed its complaint.

Takeover Authority Over All Ethereum Transactions?

After the dust settled on the civil action, Wednesday’s closer look at the suit by the industry yields an interesting possibility. The SEC appears to be gearing up to take all Ethereum tokens and transactions under its jurisdiction.

In the 69th section of the filing, the commission advanced a novel legal theory regarding the regulation of cryptos:

“[The investors] sent their ETH contributions to Balina’s pool. At that point, their ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States. [bold emphasis added]”

While Sparkster is headquartered in the Cayman Islands, the SEC’s theory is that the plurality of Ethereum nodes in the U.S. means all Ethereum tokens and transactions take place in the United States. This is another prong in an SEC sweep to take jurisdiction over Ethereum. That includes a recent warning by the SEC chair that the merge to proof-of-stake makes Ethereum a security.

The post The SEC is Angling to Take Authority Over All Ethereum Transactions in SPRK Suit (Opinion) appeared first on CryptoPotato.

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Crypto Analyst Says One Ethereum-Based Altcoin To Explode 165%, Eyes Path Ahead for Binance Coin (BNB) and ETH https://marketiva.mobi/2022/09/22/crypto-analyst-says-one-ethereum-based-altcoin-to-explode-165-eyes-path-ahead-for-binance-coin-bnb-and-eth/ https://marketiva.mobi/2022/09/22/crypto-analyst-says-one-ethereum-based-altcoin-to-explode-165-eyes-path-ahead-for-binance-coin-bnb-and-eth/#respond Thu, 22 Sep 2022 18:05:39 +0000 https://dailyhodl.com/?p=218632 A widely followed crypto analyst is predicting a massive surge for one little-known altcoin and updating his outlook on Binance Coin (BNB) and Ethereum (ETH). The pseudonymous trader known as Crypto Capo tells his 536,000 Twitter followers that he expects ETH-based Reserve Rights (RSR), which facilitates the stability of stablecoin Reserve Token (RSV), to spark […]]]>

A widely followed crypto analyst is predicting a massive surge for one little-known altcoin and updating his outlook on Binance Coin (BNB) and Ethereum (ETH).

The pseudonymous trader known as Crypto Capo tells his 536,000 Twitter followers that he expects ETH-based Reserve Rights (RSR), which facilitates the stability of stablecoin Reserve Token (RSV), to spark a 165% rally.

“Bought some RSR after the deviation below the blue level. Mainnet almost complete.”

Source: Altcoin Sherpa/Twitter

The trader’s charts indicate that he believes RSR will spike to $0.017 before crashing down to its lowest level in a year. He also mentions the token’s mainnet, which is 99% complete.

RSR is moving for $0.0064 at time of writing.

The analyst then turns his attention to BNB, the native asset of Binance, the world’s largest crypto exchange platform by volume. He says he expects BNB to rise to $297.50, a 10.2% increase from its current price of $298.98, before also crashing down to its July levels.

“Move down from the top of wave A looks 3 wavy, so after the deviation it’s probably a flat pattern. Top of the wave C would be 1:1 of A. Target = $297.50.”

Source: Altcoin Sherpa/Twitter

Crypto Capo concludes his analysis by turning his attention to ETH, saying that the leading smart contract platform is bouncing from a key support level and should offer a good risk-to-reward ratio for investors.

“Bouncing from key support with some regular bullish divergences. First TP [take profit] is the neckline of the H&S [head and shoulders pattern], offering a good risk reward.”

Source: Altcoin Sherpa/Twitter

ETH is changing hands for $1,272, a 5% dip on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Near Multi-Month Lows Following Fed Rate Hike https://marketiva.mobi/2022/09/22/bitcoin-ethereum-technical-analysis-btc-eth-remain-near-multi-month-lows-following-fed-rate-hike/ https://marketiva.mobi/2022/09/22/bitcoin-ethereum-technical-analysis-btc-eth-remain-near-multi-month-lows-following-fed-rate-hike/#respond Thu, 22 Sep 2022 12:33:26 +0000 https://news.bitcoin.com/?p=548880 Ethereum dropped below $1,300 on Thursday, as markets continued to react to the U.S. Fed’s latest decision to raise interest rates. Following speculation of a 100-basis-point hike, the Federal Reserve hiked rates by 0.75%, as it continues to struggle against rising consumer prices. Bitcoin also declined, moving close to the $18,000 level. Bitcoin Bitcoin (BTC) […]]]>

Ethereum dropped below $1,300 on Thursday, as markets continued to react to the U.S. Fed’s latest decision to raise interest rates. Following speculation of a 100-basis-point hike, the Federal Reserve hiked rates by 0.75%, as it continues to struggle against rising consumer prices. Bitcoin also declined, moving close to the $18,000 level.

Bitcoin

Bitcoin (BTC) moved closer to $18,000 on Thursday, as markets slipped following the latest U.S. Federal Reserve policy meeting

The Fed opted to increase interest rates by 75 basis points on Wednesday, with Chair Jerome Powell hinting at further moves, stating, “In my view, there’s a way to go.”

As a result of this, BTC/USD fell to an intraday low of $18,290.32, which is its lowest level in three months.

Looking at the chart, the move saw bitcoin fall marginally below a support point of $18,300, with bulls reentering shortly after, sending prices higher.

As of writing, BTC is trading at $19,217.16, which is nearly $1,000 higher than the aforementioned low.

Prices may see some volatility however, as the 14-day relative strength index (RSI) has collided with a ceiling at 42.00, and if held, we could see bitcoin once again below $19,000.

Ethereum

Like bitcoin, ethereum (ETH) saw its price decline following the Fed’s decision to hike rates, with the token falling below $1,300.

Following a high of $1,384.48 during yesterday’s session, ETH/USD dropped to a bottom of $1,229.43 earlier today.

In what is another similarity with BTC, the decline in price saw ethereum collide with a floor of $1,230.

Bulls have since moved to lift the token higher, with the world’s second largest cryptocurrency trading at $1,307.80 as of writing.

The current price is close to a key resistance point of $1,315, and this comes as the RSI also nears a ceiling of its own.

Should ethereum bulls intend to move prices beyond this resistance above, the index, which is currently tracking at 37.67, will need to also move past a reading of 38.00.

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Following yesterday’s announcement, can we expect crypto prices to rally in the coming days? Leave your thoughts in the comments below.

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Crypto Analyst Issues Warnings for Avalanche (AVAX), Polygon (MATIC) and One Additional Altcoin https://marketiva.mobi/2022/09/21/crypto-analyst-issues-warnings-for-avalanche-avax-polygon-matic-and-one-additional-altcoin/ https://marketiva.mobi/2022/09/21/crypto-analyst-issues-warnings-for-avalanche-avax-polygon-matic-and-one-additional-altcoin/#respond Wed, 21 Sep 2022 21:00:23 +0000 https://dailyhodl.com/?p=218493 A widely followed crypto analyst is issuing fresh warnings for a trio of altcoins as the markets attempts to recover from a lengthy downtrend. The pseudonymous trader known as Altcoin Sherpa tells his 183,000 Twitter followers that layer-1 blockchain Avalanche (AVAX) and Ethereum (ETH) scaling solutions Polygon (MATIC) and Optimism (OP) are primed to see […]]]>

A widely followed crypto analyst is issuing fresh warnings for a trio of altcoins as the markets attempts to recover from a lengthy downtrend.

The pseudonymous trader known as Altcoin Sherpa tells his 183,000 Twitter followers that layer-1 blockchain Avalanche (AVAX) and Ethereum (ETH) scaling solutions Polygon (MATIC) and Optimism (OP) are primed to see downswings.

The analyst says that bearish market conditions could push AVAX below $13 before it sparks a recovery.

“AVAX: Overall market structure is still bearish, if this is the bottom then wouldn’t be surprised to see at least one last shakeout to $13 or lower and then recovery starts. It would look like a double bottom (chop around for several months too). Still bearish for now.”

Source: Altcoin SherpaTwitter

AVAX is trading for $17 at time of writing.

Altcoin Sherpa then sets his sights on MATIC, and says that he expects the crypto asset to see a sizeable dip before settling near $0.60 close to the end of the year.

“MATIC: Higher time frame idea for this one… looking at $0.60.”

Source: Altcoin SherpaTwitter

MATIC is changing hands for $0.733 at time of writing, more than a 50% correction away from the analyst’s lowest target of $0.35.

Looking at OP, Altcoin Sherpa says that he sees the layer-2 dropping to $0.50 and won’t spark a bounce back for quite some time.

“OP: Probably going to $0.50 or so in the longer term… I don’t see this going on a run for a long time. Don’t buy this for the long term in my opinion.”

Source: Altcoin SherpaTwitter

OP is valued at $0.89 at time of writing.

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Pantera CEO Says NEAR and Two Ethereum-Based Projects Showing Strength, Predicts Billions of New Crypto Users Will Arrive https://marketiva.mobi/2022/09/21/pantera-ceo-says-near-and-two-ethereum-based-projects-showing-strength-predicts-billions-of-new-crypto-users-will-arrive/ https://marketiva.mobi/2022/09/21/pantera-ceo-says-near-and-two-ethereum-based-projects-showing-strength-predicts-billions-of-new-crypto-users-will-arrive/#respond Wed, 21 Sep 2022 19:00:46 +0000 https://dailyhodl.com/?p=218490 Pantera Capital CEO Dan Morehead says that three overlooked crypto projects are showing impressive strength in the face of an overall downtrend in the digital asset markets. In a new CNBC interview, Morehead says that he sees cryptocurrency as a disruptive technology that will see billions of new users arrive to regardless of short-term volatility […]]]>

Pantera Capital CEO Dan Morehead says that three overlooked crypto projects are showing impressive strength in the face of an overall downtrend in the digital asset markets.

In a new CNBC interview, Morehead says that he sees cryptocurrency as a disruptive technology that will see billions of new users arrive to regardless of short-term volatility in Bitcoin (BTC) and Ethereum (ETH).

“I think the important thing to keep in mind here is crypto is such a disruptive thing that’s going to change so many aspects of our lives over the next couple decades. It’s in a secular bull market and it does occasionally get caught up in these cyclical down drafts of risk assets, but I can easily see a world a few years from now where risk assets themselves might be still struggling but blockchain is back to all time highs and doing its own thing based on its own fundamentals.

And that story is hundreds of millions of people use blockchain today. I think in four or five years it’s going to be literally billions of people. And the way to value things is supply and demand. If you have a billion people that want to buy a fixed number of coins the price probably goes up.”

Morehead, who oversees roughly $4.5 billion in assets under management, says that one sign of the crypto industry’s strength is the number of projects besides Bitcoin and Ethereum that are gaining steam and continuing to scoop up market share. 

He names three notable projects that he has his radar on, including Ethereum-based decentralized exchange (DEX) Uniswap (UNI), decentralized application (DApp) platform Near Protocol (NEAR) and DEX aggregator 1inch (1INCH).

“We all are used to using Bitcoin as a proxy for blockchain. There are hundreds of really interesting projects and a lot of them are rallying and have done quite well. A cool stat is the percentage of our entire market, which is not Bitcoin or Ethereum, hit a record yesterday of 43% and over the last five years the average of that was 20%. While Bitcoin and Ethereum are just a bit off their lows, there are a lot of cool projects like Near Protocol, UniSwap, 1inch, that are way above their lows.”

The crypto veteran predicts that at some point soon, crypto assets will break their correlation with the broader financial markets.

“I do think crypto did get caught up in the global macro sell-off of all asset classes and then there was a bit of excess leverage in the system through May and June. I think most of that has been worked out. And in the next few months crypto can start trading independently of risk assets.”

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Top Crypto Analyst Predicts Rally for XRP, Maps Out What’s Next for Ethereum and One Additional Altcoin https://marketiva.mobi/2022/09/21/top-crypto-analyst-predicts-rally-for-xrp-maps-out-whats-next-for-ethereum-and-one-additional-altcoin/ https://marketiva.mobi/2022/09/21/top-crypto-analyst-predicts-rally-for-xrp-maps-out-whats-next-for-ethereum-and-one-additional-altcoin/#respond Wed, 21 Sep 2022 16:55:14 +0000 https://dailyhodl.com/?p=218386 A crypto strategist who continues to build a following with timely altcoin calls is outlining what’s in store for three digital assets including XRP and Ethereum (ETH). Pseudonymous analyst Altcoin Sherpa tells his 183,100 Twitter followers that he’s bullish on XRP, and he sees the seventh-largest crypto by market cap igniting a decent rally in […]]]>

A crypto strategist who continues to build a following with timely altcoin calls is outlining what’s in store for three digital assets including XRP and Ethereum (ETH).

Pseudonymous analyst Altcoin Sherpa tells his 183,100 Twitter followers that he’s bullish on XRP, and he sees the seventh-largest crypto by market cap igniting a decent rally in the short term.

“XRP: The standard…

Targeting range high.”

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Source: Altcoin Sherpa/Twitter

At time of writing, XRP is swapping hands for $0.41, up over 8% in the past 24 hours.

Next up is leading smart contract platform Ethereum. According to Altcoin Sherpa, he expects ETH to correct some more before potentially carving a bottom and reversing its bearish trend.

“ETH: $1,000-$1,200 next area up according to volume profile. Should be some decent support in that range.

Price is fractal. You see these types of double bottoms for reversals on all timeframes. This is how a potential bottom would look, in my opinion.”

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Source: Altcoin Sherpa/Twitter

At time of writing, Ethereum is valued at $1,334, a nearly 3% decrease on the day.

Another altcoin on the trader’s radar is Chiliz (CHZ), the native asset of a platform designed for tokenizing sports and esports in order to encourage fan engagement. According to Altcoin Sherpa, CHZ bulls can trigger a rally if they manage to break its immediate resistance at $0.25.

“This looks scary on all timeframes but still has been one of the best-performing coins. Potential double top on the four-hour, plus this is still an area of resistance. If it breaks to the upside, $0.30 is the next area up, in my opinion.”

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Source: Altcoin Sherpa/Twitter

At time of writing, CHZ is changing hands for $0.24, down over 3% in the past day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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