Connect with us

Uncategorized

Ethereum Shall Make Slow Progress, But Bitgert Can Do A Easy 100x

Published

on

Ethereum Shall Make Slow Progress, But Bitgert Can Do A Easy 100x

The high gas fee has been the major limitation that Ethereum is struggling with even today

Key Points:

  • Ethereum upgrades shall surge its growth
  • Bitgert massive developments to skyrocket $BRISE
  • Bitgert project’s fast delivery is still a big deal

Ethereum cannot be said to have performed very well this year. The coin performance has been dismal over the past six months, with the price dropping 58% from ATH at the time of this writing. This is a huge loss of value for a big coin like Ethereum.

However, Ethereum’s dropping price has not been entirely caused by the bad market but also by the performance of the Ethereum blockchain. The high gas fee has been the major limitation that Ethereum is struggling with even today. According to crypto analysts, Ethereum transaction volumes have been dropping as a good number of Ethereum holders have stopped transacting due to the high gas fee.

But this problem might be solved by the Ethereum upgrades the team is undertaking right now. The Ethereum Serenity upgrades are in the second phase after the successful first phase delivery. The upgrades include moving the Ethereum mainnet from PoW to PoS and making the Ethereum chain a multichain by sharding.

This will make Ethereum blockchain faster and reduce the gas fee. Once the Ethereum team achieves this, then the Ethereum project will start making some good growth. But Ethereum will still need to do better to beat Bitgert (BRISE), one of its biggest rivals in the industry.

Crypto analysts say that Bitgert has the potential to do 100x because of the massive developments coming and the fast pace at which the Bitgert project is being delivered. Here is more about the Bitgert project.

Advertisement

Bitgert

The crypto community believes that Bitgert will do 100x because of the massive developments coming up. But the already completed development will also be critical in this growth. The Bitgert BRC20 blockchain, which is the only gasless chain in the world, will remain the most adopted blockchain in the industry. The gas fee on the Bitgert chain is $0.0000000000001. Bitgert chain speed is 100k TPS, making it the fastest chain today.

The mass adoption of the Bitgert chain will keep the price bullish. But there are more disruptive projects in the Bitgert roadmap V2, and their adoption is going to skyrocket Bitgert price. They include a Bitgert CEX, an NFT marketplace, and there will also be a Bitgert Web3 Oracle.

The hundreds of new Bitgert backed projects from Bitgert Startup projects are joining the chain. The Centcex team is adding more products to the Bitgert ecosystem. All these are developments that crypto experts say have the potential to grow Bitgert 100x.

The bottom line is Ethereum will make slow progress, but Bitgert has the potential to explode 100x. This makes Bitgert an ideal crypto investment today.

The post Ethereum Shall Make Slow Progress, But Bitgert can do a Easy 100x appeared first on .

Advertisement

Analysis

Bitcoin, Ethereum Technical Analysis: BTC Edges Closer To $18,800 Support Level On Saturday

Published

on

Bitcoin, Ethereum Technical Analysis: BTC Edges Closer To $18,800 Support Level On Saturday

Bitcoin moved closer to its long-term support level of $18,800 to start the weekend, as prices of cryptocurrencies were once again lower. While bitcoin has now fallen for seven straight sessions, ethereum also saw similar declines, and as of writing is down 2.40% from yesterday’s high.

Bitcoin

The world’s largest cryptocurrency by market capitalization bitcoin (BTC) was once again in the red on Saturday, as prices edged closer to a key support level.

Following a high of $19,590.12 on Friday, BTC/USD rallied to an intraday low of $19,027.08 to start the weekend.

Advertisement

This move sees bitcoin hover slightly above its recent support point at $18,800, which was hit earlier in the week.

BTC/USD Daily Chart

Despite three recent moves below this level, breakouts have been mainly false, however bears could be set to attempt a more sustained drop in upcoming days.

Should we see a move below this point, the $17,500 mark will likely be the price target for those shorting the token.

In order to get there, relative strength would need to move below its own floor, with the 27.5 level on the RSI indicator acting as point of support.

Ethereum

Ethereum (ETH) bear’s were also pressuring prices to start the weekend, as the token continued to hover slightly above the $1,000 level.

Advertisement

As of writing this, ETH/USD has now fallen to a low of $1,033.96 on Saturday, which is marginally below its $1,050 floor.

Should bearish pressure persist this weekend, then the next target would inevitably be below $1,000.

ETH/USD Daily Chart

In particular, bears will be looking at the $885 support point as a preferred exit point, however, the 14-day RSI would need to break below its current floor of 29.5.

Since the beginning of April, ETH has lost over two-thirds of its value, however, the declines might not have ended yet.

Do you expect any more significant drops in bitcoin’s and ethereum’s price this month? Leave your thoughts in the comments below.

Advertisement

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Advertisement
Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Continue Reading

200 Bitcoins

Sleeping Bitcoins Wake Up, Kiyosaki Waits For $1,100 BTC, And Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week In Review

Published

on

Sleeping Bitcoins Wake Up, Kiyosaki Waits For $1,100 BTC, And Zuckerberg Eyes Metaverse Money — Bitcoin.com News Week In Review

As July begins and markets remain bearish, there’s still no shortage of dynamic developments in the crypto space. In this week’s Bitcoin.com News Week in Review, ‘sleeping bitcoins’ from 2010 make moves, Rich Dad Poor Dad author Robert Kiyosaki says he is waiting for bitcoin to test $1,100, Russia denies debt default allegations, and Mark Zuckerberg discusses the opportunities of the metaverse.

String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Awakens

A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as four block rewards were spent at block height 742,183. The old coins spent last week were block rewards mined on September 15, 16, 26, and October 29, 2010. During that time frame, bitcoin miners received 50 BTC for every block found in contrast to the 6.25 BTC per block reward miners get today.

Advertisement

Read More

Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Waiting for Bitcoin to Test $1,100 to Buy More

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. He added that he will buy more if the cryptocurrency recovers from that price level.

Read More

Advertisement

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system.

Read More

Mark Zuckerberg Expects Billions of People to Use the Metaverse Generating Massive Revenue for Meta

Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. “Our playbook over time has been build services, try to serve as many people as possible,” said Zuckerberg.

Read More

Advertisement

What are your thoughts on this week’s developments in finance and crypto? Be sure to let us know in the comments section below.

Bitcoin.com

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

Advertisement

Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Advertisement
Continue Reading

Uncategorized

No Withdrawals Have Been Halted, Claims KuCoin Turning Down All Rumors

Published

on

KuCoin, a cryptocurrency marketplace, has absolutely denied allegations that they were limiting transactions on their network due to massive losses sustained as a result of the LUNA crash.

Johnny Lyu, the CEO of KuCoin, addressed the issue in the early hours today. Among his latest tweets, he states that be careful of Fear, Uncertainty and Doubt! I’m not certain who is circulating such stories or what motives they possess. However, KuCoin has no connection to LUNA, 3AC, Babel, etc.

The Tweet also claims that there is no “huge suffering” by any “currency crisis.” No intention to block withdrawal, and everything on KuCoin is running smoothly.

Lyu went on to suggest that the exchange platform completed its $150 million financing in May 2022, boosting the firm’s worth to $10 billion. He further stated that, despite the fact that several cryptocurrency exchanges recently declared losses, KuCoin keeps growing with additional recruitment even during the current tough market situations.

Advertisement

Lyu also warned legal proceedings towards individuals spreading misinformation and defaming the transaction. “Being open is definitely one of our core beliefs,” he added.

The update also said that the company will shortly release their 2022 H1 review report. This will provide further information about the company’s activities. KuCoin retains the authority to conduct legal action against FUDers who knowingly publish unconfirmed information.

More Crypto Exchanges To Go Insolvent

Notably, the current chaos in the crypto industry, along with the large declines, have unmasked certain market participants. These market participants are the ones who have been using extreme leverage and are now experiencing a liquidity shortage. Perhaps several of the largest crypto financiers, such as BlockFi, are also struggling.

According to Sam Bankman-Fried, CEO of crypto exchange FTX, there are numerous similar exchanges in deeper trouble that may declare insolvency quite shortly. In these kinds of cases, traders should exercise extreme caution and verify that the cryptocurrency trading network operators with which they are connected offer sufficient accountability and coordination.

Was this writing helpful?

Advertisement

Continue Reading

Trending

Get our daily News updatesSignup to get instant updates straight to your email