#crypto #litecoin #eos
The New Kids On The Blockchain are asking what’s going on Crypto? We naval gaze about the last three years , look at the news from this week and meet Mike to talk about copy betting platform Phantasm.
?NEWS?
?BITCOIN?
From Coin Telegraph Pantera CEO thinks Bitcoin could reach $356k in a couple of years
Pantera Capital founder Dan Morehead discussed how Bitcoin (BTC) could hit $42,000 by the end of 2019, and even has the potential to reach $356,000 within a couple years. Morehead delivered his comments on an episode of the Unchained podcast on July 23.
Morehead specifically said that he predicts BTC will hit $42,000 by the end of the year, and climb to $356,000 by 2022. Morehead claimed that this would be consistent with the top cryptocurrency’s logarithmic growth rate:
“Graph the price of Bitcoin logarithmically […] its trend is going to grow at 235% compound annual growth rate and […] that put Bitcoin at $42,000 at the end of 2019. And I know this sounds crazy but we’re essentially halfway back there. […] I think it’s a good shot that by the end of the year we hit that. And if you just extrapolate that line out for another year it’s $122,000 per Bitcoin and then one more year, $356,000.”
https://cointelegraph.com/news/pantera-capital-ceo-believes-bitcoin-could-reach-356-000-in-a-couple-years
From News BTC Bitcoin Price (BTC) Breaks Key Resistance But Can It Continue Higher?
Bitcoin price is trading with a positive bias above the $10,000 resistance against the US Dollar, just like Ethereum and ripple. However, BTC price must surpass the $10,200 resistance to continue higher in the near term.
Bitcoin Price Analysis
In the past three days, there was a significant decline in bitcoin price below the $10,000 support against the US Dollar. The BTC/USD pair traded close to the $9,500 level before the bulls took a stand. A swing low was formed at $9,498 and the price is currently correcting higher. It broke many important resistance near the $9,700 and $9,800 levels. Moreover, there was a break above the 23.6% Fib retracement level of the downward move from the $11,200 swing high to $9,500 swing low.
Bitcoin Price (BTC) Breaks Key Resistance But Can It Continue Higher?
From CryptoSlate lets look at their thoughts on EOS price
?EOS?
Following the 458 percent upswing that started in early December 2018, EOS retraced nearly 62 percent after peaking at $8.65 on May 31.
Now that it has reached the 65 percent Fibonacci retracement level on the 1-week chart, a hammer candlestick pattern seems to have been developed last week singling a potential reversal in the direction of the trend from bearish to bullish.
https://cryptoslate.com/binance-coin-eos-stellar-resume-upward-trend-despite-bitcoin-dominance/
?LITECOIN?
From FX Street Litecoin price analysis: LTC/USD retreats from the recent high, still in recovery mode
* LTC/USD has extended the recovery above $93.00 handle.
* The initial support is created by psychological $90.00 level.
Litecoin (LTC) has regained ground above $90.00 handle and touched an intraday high at $96.77. At the time of writing, the fourth-largest digital asset with the current market capitalization of $5.9 billion is trading at $94.10, gaining over 7% on a day-on-day basis. LTC/USD is moving in lockstep with the recovery on the cryptocurrency market.
Litecoin’s technical picture. On the intraday charts, LTC/USD is initially supported by $93.30 (the middle lines of 4-hour and 1-hour Bollinger Bands). However, once this barrier is broken, the sell-off may continue towards $91.70 (SMA50 (Simple Moving Average)on the 1-hour chart). The next support is created by psychological $90.00, followed by $88,70 (the lower line of 1-hour Bollinger Band)
?Phantasm?
https://www.phantasm.io/
Music by http://www.bensound.com
NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.
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Look how far #safex has come since your last interview with Daniel Dabek !
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I live in the U.S. and I notice that many are ignorant to the crypto space and have no desire to educate themselves. It drives me nuts cause I lived thru the beginning of the internet and this is a very similar situation. I study the space daily and the more I learn the clearer it becomes that crypto and block chain is the next step in the digital age & human evolution. I think the space is maturing and thankfully the development is not concerned with the price and because of this the market will catch up eventually and the fools that ignored this opportunity will experience regret when the news reports what you would have if you invested $1000 in 2019. Don't give up and keep doing what your doing. This is the beginning of a new global financial system . I think of it as the beginning of the stock market but now on a global scale. goodbye invisible borders. You and the many like you are the pioneers of the new world, a connected world where everyone can participate.
What we are witnessing now is along the lines of what Andreas Antonopoulis highlights in chapter 6 of "The Internet of Money," namely, infrastructure inversion. (In an example he gives, the internet in its early days was built on infrastructure designed for voice transmission, managed by telephone companies. Over time, the companies upgraded their networks to accommodate this new application (the internet,) as well as change the business model, and the regulatory and legal framework changed as well.
With cryptocurrencies, we are seeing this same early stage. The financial and regulatory framework, including the general frame of mind, is a system of centralized authority and access. The wave of exchanges dropping coins and the increase of KYC (for US residents, anyway) is the result of these first steps of this inversion process.
In time, these things will change. We'll see innovations and improvements that will help spur subsequent waves, and with it, the legal framework will change as well.
As for "when moon?" When it happens, and not any sooner.
Watched this twice already. Good job!
that thumbnail is fucking brilliant
When Moon FFS indeed! Honestly – tired tired come on cryptos!
Thank you ? Video superb ??- LTC/ADA/XLM/NEO ?
LOL your still picture on this video. Oh my OMG!
Great choice in presenting Phantasm project. I would like to see an interview with Nick Chandi from Pay pie project if possible. Thanx for a great and honest video.
We need most o these alt coins to die. Most have done nothing
It's just a cycle… A 4 year cycle centered around the halving events! It's following its stock to flow ratio chart pretty well… I'd say everything is right where it should be! Sure there are times when the price runs away a bit or over corrects but we always return to the stock to flow line!
Im so bored with crypto right now. ive been in it for nearly 3 years and i feel like i missed my big chance to sell at the end of 2017.
I think Alts will have their day, if the projects deliver, I can't see bitcoin or any other coin monopolising the crypto scene, the Veritaseum team are working full on to make their project a success, as are pillar, Debitum, Litecoin, Reddcoin, alts and tokens, all of them trying to do different thing's needing different approaches. I'm not sure it's worth following the charts apart from for a bit of light entertainment, it's far less disconcerting and way more positve following the new tech and what it means for our future, great show, thanks.
Thanks for posting Ash! Keep up the great work!
Hey guys, sorry been away for a couple of weeks. What did I miss? Anything exciting?