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Bitcoin further widens the leading gap as Ethereum fails to go past $300

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There is no doubt that the crypto industry has been undergoing ups and downs, with many crypto analysts voicing their sentiments criticizing blockchain-based assets such as Ethereum, Bitcoin, and altcoins as mere fads that are going to disappear and fail in a month’s time.

Although critical onlookers continue to bombard the crypto space with misbelief and doubts on a near-daily basis doom predictions, many crypto pundits within the crypto industry remain unfazed regardless of the negative predictions.

According to a famous New York-based financial news website, TheStreet, that spoke to many influential figures within the budding crypto industry; an immense hope is still alive for this emerging sector.

TheStreet Interview with Hermann Finnbjornsson

The financial news website met and spoke with the CEO and founder of Svandis, a highly proclaimed crypto asset analytics company, Mr. Herman Finnbjornsson. According to information derived from the interview which expressed positive belief in the Bitcoin, Herman stated:

“There is less than a 1 percent chance in my mind that Bitcoin will not succeed. I think that there is a lot of reasons why to be bullish on Bitcoin. Banks are getting into Bitcoin.”

The chief executive of Svandis comments brings up an interesting point of view that is worth examining about traditional and fiat currency financial institutions and banks, as many crypto pundits who have decided to have an optimistic outlook, expect the capital allocation and investment from such institutions are going to drive cryptocurrency’s next bull run.

It is anticipated that the next bull run in the crypto space has the potential to propel the value price of blockchain-based digital assets to higher heights the world has never witnessed.

But this point of view is more than mere wishful thinking, many institutions and companies have already begun either showing interest or are already making significant forays into the cryptocurrency space.

Russell Korus Sentiments on Cryptocurrency

According to a similar interview with the financial news website, EZ Exchange’s chief executive officer, Russell Korus, also added his voice in regards to Bitcoin, expressing that there were reasons to believe that Bitcoin is indeed a game changer in the cryptocurrency field. Korus is noted saying:

“There are several reasons why this new asset class has captured people’s imagination since its inception in 2009 – Bitcoin displays some characteristics that positions it to become a very powerful and alluring concept. It allows for direct, p2p transfer of value in completely trustless transactions. It is fully decentralized, autonomous, writes all of its records to a public ledger, and its record-keeping is completely immutable.”

Bitcoin Analysis and Prediction

As at on last Friday morning, many traders and investors in the crypto space woke up to pleasing news of the majority of digital assets had recorded overnight gains, a move that was met with widespread acceptance and optimism of a nearing bull run in the market.

At the time of writing, Bitcoin is exchanging at $7,364, marking a 0.96% price increase. From where we stand, Bitcoin is now on the right track after recording its third winning week simultaneously, alluding to the fact that cryptocurrencies led by Bitcoin are not going to fall in price and disappear. Not anytime soon.

For quite some now, Bitcoin has been hanging around the range-bound of $6,800 and $7,100, attributed to the declines of volatility in the crypto space in general.

Ethereum Price Analysis and Prediction

At the time of writing, Ethereum exchanges at around $284, recording -1.05% virtual price change in the last 24-hours. Following its intra-week high of $298, the digital asset has failed to sustain a consistent upward trend, remaining in the range bound of $290.

Most of the coins in the market are recording modest gains hence it is going to be wrong to make long-term conclusions influenced by the current market trends.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Farid Askerov on Unsplash

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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