Tag: cryptocurrency

Top Cryptos vs. Bitcoin In 2021

Posted on by Aibek Burabayev

2021 is done, and we can check the performance of top cryptocurrencies compared with the main coin for the past year. I promised to build this leaderboard in my earlier post where I compared fiat currencies with gold.

The crypto universe repeatedly extends as new coins and tokens appear in the arena one by one. I put the top ten largest cryptocurrencies by the market cap against Bitcoin in this post. I skipped stablecoins and Shiba Inu coin as the latter has less than one year of history.

Bitcoin vs. Crypto
Diagram by Aibek Burabayev; data source: Binance

It was a good year for Bitcoin, gaining almost 60% against the U.S. dollar in 2021. However, in its own digital universe, it was the loser to all top cryptocurrencies, as you can see in the comparison above.

Let's check the top three leaders. Continue reading "Top Cryptos vs. Bitcoin In 2021" →

Our Greatest Crypto Hits Of 2021!

Posted on by Wayne Burritt

Don't blame me, but I couldn't resist the temptation of closing out 2021 with a list of crypto's 2021 greatest hits. While I came up with a bunch, I had to narrow it to three.

Enjoy!

Greatest Hit #1: Jaw-dropping Research

There's no doubt about it: One of the greatest crypto hits of 2021 had to be the two bombshell research reports from mainstream financial powerhouses.

The first from consultancy behemoth Deloitte surveyed executives from around the world and found that blockchain would fundamentally change the way they conducted their businesses. And this seismic shift wasn't happening 10 or 20 years down the road. Nope, these corporate heads saw the shift happening in the next 24 months.

And that wasn't all. A staggering 81% of the executives thought that blockchain was both scalable and adoptable. And that means that getting their businesses in the blockchain game was not only doable, but it could grow with their businesses. In fact, three quarters said they didn't have much of a choice: If they didn't get in the blockchain game, they were going to lose competitive advantage. Continue reading "Our Greatest Crypto Hits Of 2021!" →

Ethereum 2022 Price Target: $27,884!

Posted on by Wayne Burritt

After Thanksgiving, I was perusing the crypto space and kept seeing 2022 price targets for Ethereum (ETH) that were frankly all over the place.

I saw everything from $5K, $6K, $7K, even $14K. And with a recent price of about $4,700, I figured that these nosebleed predictions were way too bullish. And that’s coming from someone who has sung Ethereum’s praises time and time again.

I couldn’t have been more wrong. After I did a little analysis, I came up with a 2022 price target for ETH that put even these huge predictions to shame.

The Outlook For Ethereum (ETH) Is Huge

First off, I don’t like price predictions. They don’t really mean much. And in my experience, they aren’t that reliable.

But they’re fun to play around with. So, as we set out on my quest to predict the price of ETH in 2022, take my analysis with a little tongue in cheek.

Now, down to business.

Sometimes a picture is worth a thousand words... Continue reading "Ethereum 2022 Price Target: $27,884!" →

What The New Bitcoin Upgrade Means To You

Posted on by Wayne Burritt

The latest Bitcoin update – called Taproot – has hit the streets. And no matter where you look, just about everyone involved with crypto and Bitcoin is abuzz about what this upgrade means for Bitcoin today and down the road.

So, today we’re going to take a behind-the-scenes look at what Taproot really is and what it means to investors. Then, we’ll kick the tires and see if it stacks up to all the hype.

What Is Taproot?

On November 14, the Bitcoin network activated the Taproot upgrade to Bitcoin’s software deployed around the network. The upgrade officially hit the block at block 709,632 and is the first major update since 2017. The upgrade should increase transaction privacy and efficiency. Continue reading "What The New Bitcoin Upgrade Means To You" →

Bitcoin Buy Setup, Apple Is On Alert

Posted on by Aibek Burabayev

The knowledge of chart structure helps to navigate the market even when the latter surprises traders.

Bitcoin Chart

Bitcoin dropped a little bit later than I expected, creating a complex structure. The main coin updated the all-time high as it hit the $69k mark. If we look deep into the structure in the 4-hour chart above, we find that it was a part of a large two-leg consolidation (red down arrows). The new record high was established within a "joint" connecting two legs down. Continue reading "Bitcoin Buy Setup, Apple Is On Alert" →