Two equal chances to dominate the Web3 world

For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality. Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake (PoS) blockchain will be a welcome reprieve. Unbeknownst to most casual investors, however, Polkadot’s Substrate platform has been making…

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Bitcoin traders split on $40K chances as altcoins eye potential ‘80%–150%’ gains

Bitcoin (BTC) circled $32,000 on Thursday after excitement over fresh comments by Elon Musk resulted in the strengthening of support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls regroup at $32,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $31,500 and $32,000 overnight on Wednesday hours after Musk joined others in praising Bitcoin during a conference panel. As Cointelegraph reported, Musk’s words came over broadly positive and less critical than many had assumed they would be — this, in turn, led to a brief price surge that…

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What are the chances BTC is actually overtaken by another crypto?

When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy. Even these days, the first-ever cryptocurrency’s price feels hard to believe at times and investors might be pinching themselves every now and then. Taking a seat alongside Bitcoin (BTC) on the roller coaster, altcoins like Litecoin (LTC), Ether (ETH) and Bitcoin Cash (BCH) joined the ride — and, more recently, DeFi giants Polkadot and Cardano. But for the long haul, looking into the crystal ball, it’s…

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Ethereum Consolidates Above $2,700, Here Are Chances of Downward Move

Ethereum extended its rally and it traded to a new all-time high near $2,800 against the US Dollar. ETH price is correcting gains, but dips are likely to be supported near $2,650. Ethereum remained well bid and it even climbed towards the $2,800 level. The price is now trading well above $2,700 and the 100 hourly simple moving average. There is a crucial rising channel forming with support near $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely…

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Ethereum Gains Momentum, Here’s Here Chances of a Run To $3K

Ethereum remained well bid and it broke the $2,500 resistance zone against the US Dollar. ETH price is likely to accelerate higher above $2,550 and $2,600 in the near term. Ethereum is trading in a bullish zone above the $2,500 support level. The price is now trading well above $2,450 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to rise further above the $2,550 and $2,600…

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Ripple (XRP) Holds Key Support, What Are Chances of a Fresh Increase

Ripple trimmed most gains from the $0.6000 resistance against the US Dollar. XRP price is now trading above $0.4500 and it could attempt a fresh increase above $0.5500. Ripple broke the $0.5500 support zone, but it stayed above $0.4500 against the US dollar. The price is now back above $0.5000 and the 100 simple moving average (4-hours). Earlier, there was a break below a major bullish trend line with support near $0.5380 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rise one more…

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The Chances of a Parabolic Chainlink Rally are Surging; What Analysts Think

Chainlink has been severely underperforming Bitcoin as of late, despite its enormous and devoutly loyal community and continued fundamental growth. This isn’t uncommon for the crypto, as it often trends independent from the rest of the market, seeing some of its largest rallies during the depths of the bear market seen over the past few years. Its growth from a small ICO to a multi-billion-dollar project has been incredible, and many still believe that its future is brighter than ever. From a technical perspective, its lackluster performance as of late…

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Carson Wentz’s Chances of Playing a Full Season Just Disappeared

Andre Dillard’s season-ending injury puts brittle Carson Wentz at risk. 38-year-old Jason Peters will be challenged by elite pass-rushers in the NFC East. The Eagles have an injury-prone quarterback behind a worryingly thin offensive line. Carson Wentz has been struck down by injury in each of the last three seasons with the Philadelphia Eagles. Head coach Doug Pederson should prepare for more misery where his brilliant but brittle quarterback is concerned. Wentz’s chances of playing every game for the Eagles in 2020 disappeared when left tackle Andre Dillard suffered a…

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Same Indicator That Called March Plunge Raises Chances For Big Bitcoin Drop

Bitcoin has been rocketing over the last several weeks, along with the rest of the cryptocurrency market. Most assets are up over 80% on average since the start of 2020. However, an unorthodox and unusual financial forecasting tool could indicate that a major trend change is playing out across markets, with the turning point taking place over the next 24 hours. Tools of The Trader: How Crypto Analysts And Investors Predict Price Movements Analysts, investors, and traders rely on several important tools in an attempt to predict or forecast future…

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Chances of Indian Crypto Ban Low Compared to 2019, Says Crypto Veteran

News about the Indian Ministry of Finance circulating a “note” for inter-ministerial consultations of cryptocurrency regulations spurred panic within the Indian crypto community. Worries about the 2019 draft bill proposing a blanket ban of cryptocurrencies and possible 10 years sentences for crypto users had kicked in once again. In an interview with Cointelegraph, Ashish Singhal, the founder and CEO of Indian cryptocurrency exchange CoinSwitch, said that the chances of the government placing a blanket ban on digital currencies has reduced considerably as compared to 2019.  Singhal said that in 2019,…

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