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An epic Bitcoin price rise will dwarf all previous BTC bull runs in May 2020

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Bitcoin

Last week was just murder for Bitcoin. It dropped significantly twice, and it had already gone down for more than 11 months. So there are two questions in the mind of every crypto enthusiast in the world. First, when is Bitcoin going to start recovering value again? Second, when is Bitcoin going to reach an all-time high again?

We think it unavoidable for Bitcoin to recover, and we also think it inevitable for it to reach unprecedented heights at some point in the future. When? We don’t know to be honest.

But there are cryptocurrency observers who think they do have an answer, even a date. In this article, we will explain their arguments. We can’t assure you they’re right, but information is power, so this is probably an idea everybody should know about.

We’ll start with the answer; then we give you the explanation. The next Bitcoin hyperjump will start on May 2020. It will prompt a huge and prolonged bull run that will culminate on December 2021. By then Bitcoin will be around 100k in price. Fascinating, isn’t it?

Before we give you the rationale behind that answer, we’ll give you the context you’ll need to understand it.

As you surely know, Bitcoin needs to be mined. This means that a bunch of enthusiasts all over the world (well, mainly in China) use a lot of computer power to solve a mathematical problem known as an “SHA-256 collision”.

Since it has no analytical solution, it must be calculated randomly, using a computer, and that takes time. This creates a “chain” of “blocks” (hence, “blockchain”), one at a time, and with every new block, a number of new Bitcoins are created. How many? Good question!

In the beginning, every new block created 50 new bitcoins. But Satoshi (the mythical digital superhero who created Bitcoin) wanted to avoid inflation in the Bitcoin environment, so he designed the protocol to make the total amount of tokens limited and progressively harder to mine.

One of the ways in which this goal is achieved is that, every so often, the number of coins created by every new block is halved. So, for instance, after November 28th, 2012, only 25 coins are produced per new block, and after July 9th, 12.5 coins. Next halving event is on May 2020 (you see where we’re going?).

Historically, each time that a halving has been implemented, the Bitcoin prices go through the roof. It happened in 2012, then in 2016. So, many observers are utterly convinced that the next halving event, in May 2020, will also bring about an epic rise in price that will dwarf any of the previous Bitcoin bull runs.

That’s it. That’s what some aficionados are expecting, and that’s the reason supporting their expectations.

But how reliable is this? It’s really hard to say. While it could indeed be a legitimate phenomenon, the fact is that Bitcoin is too young, there have been only two halvings, and there’s not enough data (or data analysis) to guarantee that every halving is going to jumpstart Bitcoin again.

So while this is an idea every serious observer in the crypto verse should know, it should be taken with a grain of salt because, so far, it’s impossible to say it’s not merely anecdotal. Lots of things happen around Bitcoin besides halvings. Now you know, though. We hope it will become useful information to you.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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