ETH/BTC Breakout Catalyst for $2,000 ETH? (Weekly Forecast) Ethereum rallied during the week ending January 24, originally pulling back with Bitcoin before recovering, divering from Bitcoin and rallying to finish the week near the highs! This is an interesting development as ETH appears to have possibly decoupled from Bitcoin as ETH not only pulled out a positive weekly candle but breaking out above the 0.04 ETH/BTC ratio. (January 24, 2020 7:30 PM EST) **Outlook:** Ethereum…
GameStop vs Wall Street War Validates DeFi More Than Ever (ETH 2/1/21 Forecast) Ethereum rallied on Friday, initially reaching well above the $1,400 level before pulling back, closing the daily candle just below around $1,390. This is a bullish continuation for ETH as it appears we are strikingly close to a breakout higher, we just need a technical close above the resistance level or a bullish catalyst with follow-through like Elon Musk's Twitter update today. (January 29,…
4 Reasons Why Facebook's Stablecoin "Diem" is Dead on Arrival Following a major rebranding and restrategizing announced in December 2020, the Facebook-backed Libra officially changed its identity to Diem, citing a new strategy, leadership, and vision. This move came as a result of the major central bank and government blowback in response to Facebook's Libra conception in 2017 which spooked and antagonized many regulatory entities. They feared that Facebook might become a…
New Generation of Bitcoin Believers is Born (2/1/21 Forecast) Bitcoin rallied on Friday, catching a wave of bids as the Gamestop-Hedge Fund war continued on, but the primary initial catalyst was Tesla founder Elon Musk tweeting about and adding bitcoin to his Twitter bio, which caused a sudden wave of buying. Bitcoin pushed up to about $39,000 before ultimately turning around and giving back a lot of the gains, closing the daily candle just below the $35k level but still…
3 Actionable Ways to Fight Wall Street's Market Manipulation This is not our typical subject matter but because this strikes so close to home and the crypto philosophy, I can't help but post this. Posting on behalf of our parent brand, MoneyRedPill.com. https://www.moneyredpill.com/briefing/3-actionable-ways-to-fight-wall-street-market-manipulation *This is not financial or legal advice** There’s blood in the streets and it’s time for action. We now realize the flawed…
6 More Grayscale Trusts Coming Soon (DOT, ATOM, ADA, EOS, XMR, UNI, AAVE) On January 27, 2021, six new filings for crypto trusts were registered with the Delaware corporate registry by Grayscale Investments' associated entity. The 6 new trusts are all for altcoins that have been or increasingly are gaining popularity such as: Grayscale Aave Trust (AAVE) Grayscale Cardano Trust (ADA) Grayscale Cosmos Trust (ATOM) Grayscale EOS Trust (EOS) Grayscale Monero Trust (XMR)…
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