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Bitcoin further widens the leading gap as Ethereum fails to go past $300 - Global Coin Report
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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

Why Bitcoin (BTC) Revival is Likely to Continue

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The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

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How to Become a Millionaire without Risking Everything with Bitcoin

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It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

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The Best Time to Buy Bitcoin (BTC) Approaches

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Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

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