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Binance vs. Coinbase Frequently Asked Questions

What Are Binance and Coinbase?

Although Coinbase has its headquarters in the United States, it is a global cryptocurrency exchange that enables customers to buy, sell, send, receive, and exchange virtual currencies from a web browser or mobile app. Binance also offers an exchange service, although the version accessible to users in the United States does not include all of the features offered on the entire site.

While Binance offers a wide variety of transaction types, including limit orders, stop-limit orders, market orders and post-only Peer to Peer trading for users globally; U.S. residents have fewer options due to regulation.

How Do Binance and Coinbase Work?

Coinbase and Gemini are both cryptocurrency exchange platforms that facilitate the buying, selling, and trading of cryptocurrencies. Users transfer real money to purchase, sell, or trade digital currencies. The process is similar for both; each requires a photo ID verification.

Creating an account is the first order of business, and you’ll need to verify your email before taking any further steps. After that, you can add funds from a variety of methods. To make a trade, go to the exchange platform and create an order for the desired altcoin. Once that’s all set up, follow the on-screen prompts to finalize everything. The exchanges will store cryptocurrency until you’re ready move it elsewhere – such as a digital bitcoin wallet – or withdraw it entirely.

Is It Safe to Hold Cryptocurrency in the Binance or Coinbase Exchanges?

Whereas Binance and Coinbase are both excellent crypto exchanges, it is advisable to store funds in a hardware wallet for long-term savings. online wallets are vulnerable to hacking, and most exchanges have experienced at least one security breach – including Binance in 2019.

Though Coinbase claims that it has never been hacked and only a tiny percentage of users have had their accounts taken over in the past year, any mistakes on your end can put your digital currency at risk.

Both Binance and Coinbase provide insurance against fire, but it may be preferable to use your own cold storage using a hardware wallet. A hardware wallet is a gadget that is not connected to the internet and must be linked to your computer in order to access your cryptocurrency.

Who Should Use Binance or Coinbase?

Coinbase is ideal for novices who want a quick and secure way to buy cryptocurrencies. The user-friendly platform is simple to use, even for those without technical know-how, and the application opens with a simple interface with few options. It’s a good match for individuals concerned about buying or trading cryptocurrency because it’s a reputable, U.S.-based exchange.

Binance is a great choice for non-U.S. residents who are experienced investors and want advanced trading options with lots of analytics to back up their strategy decisions. Novice users will experience a learning curve, but once you learn your way around, it gets easier. With low fees and over 600 cryptocurrencies available in more than 180 countries, Binance is a great choice for anyone looking for a sophisticated platform.

How We Evaluated Binance vs. Coinbase

To come to our conclusions, we looked at Binance and Coinbase’s fee structures and ease of use. We also took into account different features offered by each website that would be useful for U.S. residents on Binance.US . Additionally, we considered aspects such as customer service accessibility and the functionality of both the mobile app and website. By examining all these elements side-by-side through charts comparing security, transaction types, fiat currencies accepted, payment methods, etc., it was easy to see which platform came out on top overall.

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The various factors that affect Bitcoin’s price.

Satoshi Nakamoto, the pseudonym given to Bitcoin’s creator (or creators), created the cryptocurrency in 2009. The blockchain is a public ledger that records bitcoin transactions and establishes ownership.

Bitcoin is a form of cryptocurrency that was created in 2009 by an unknown computer programmer using the alias Satoshi Nakamoto. Bitcoin, unlike traditional currencies, is not produced or backed by a central bank or government. Purchasing a bitcoin differs from buying stock or bonds because Bitcoin is not a corporation. As a result, there are no corporate balance sheets to analyze, no fund performance data to compare, and no other conventional ways to choose an investment.

Learn what influences Bitcoin’s price so that you can make more informed decisions about choosing it as an investment.

The value of Bitcoin is not determined by a central bank or backed by the government, so standard monetary policy approaches, inflation rates, and economic growth statistics do not apply. Because Bitcoins are more of a commodity than a currency, the price is impacted by the following variables:

– The amount of bitcoin available (supply)

– How much people want to buy it (demand)

– The cost of producing a Bitcoin through mining processes

– The number zones where buying or using cryptocurrencies is regulated

The availability of a commodity has an influence on its price. A rare thing is more likely to have a high value, while one that is readily available will have a low value. Because only 21 million bitcoins will ever exist, and only a specific quantity per year will be produced, Bitcoin’s supply is generally well-known. Its protocol merely permits new bitcoin to be created at a set rate, which is intended to decrease over time.

Because the amount of Bitcoin in circulation is decreasing, demand will rise. This is comparable to a corn surplus being reduced every four years until there was no more production and it was publicly announced that it would occur—corn prices would explode.

The value of Bitcoin has been on the rise due to increased media coverage and demand from investors. Its popularity in countries with high inflation rates devalued currencies, such as Venezuela, has also contributed to its increasing value. However it should be noted that Bitcoin is also popular among those who use it for illegal activities to its anonymous nature.

As a result, a rise in bitcoin’s price is due to shrinkage in future supply coupled with an increase in demand. Its value, on the other hand, fluctuates erratically between booms and busts. A Bitcoin price explosion in 2017 was followed by a lengthy low before two rapid boosts and downturns through 2021

Like other valuables, how much it costs to produce bitcoin plays an important role in determining its price. Some research suggests that the price of bitcoin in cryptocurrency markets is closely related to marginal cost of production.

The cost of mining a Bitcoin is calculated as the sum of direct fixed costs for infrastructure and electricity required to mine the currency, as well as an indirect cost linked to the problem difficulty level. Miners compete to solve an encrypted number known as a hash—the first miner to do so wins new bitcoins and any transaction fees paid since the previous block was discovered.

Solving the hash to open a block and receive a reward necessitates the use of tremendous processing power. The miner will have to purchase many expensive mining equipment in monetary terms. The bitcoin-mining process also consumes significant amounts of electricity. According to predictions, the bitcoin-mining network uses more electricity than some small countries.

There are hundreds of cryptocurrencies other than Bitcoin vying for investment dollars, but as of 2022, Bitcoin still holds a majority of the market share.

 

However, its power has gradually decreased. In 2017, Bitcoin held more than 80% of the entire market capitalization in cryptocurrency markets. By 2022, that number had dipped to below 50%.

 

The primary cause of this was increased awareness of and abilities for alternative coins. Because to a proliferation in decentralized finance (DeFi), Ethereum has emerged as a strong challenger to Bitcoin. Ether, the cryptocurrency that is used as “gas” for transactions on its network, has attracted investors who see its potential in reinventing modern financial infrastructure. The Ethereum ecosystem includes around 20% of the overall market capitalization of crypto markets.

As newer cryptocurrencies, such as Tether, BNB, USDCoin, and Solana become more popular among investors, they have begun to take market share away from Bitcoin. However, the increased competition has actually led to more investment dollars flowing into the Bitcoin ecosystem. As a result of the increased demand and awareness for cryptocurrencies that this Competition has generated evenly throughout 2012 prices for Bitcoins remained high

Bitcoin was created in the aftermath of a financial crisis caused by deregulation in the derivatives market. The cryptocurrency itself is unregulated and has become known for its border- and regulation-free ecosystem.

Bitcoin’s lack of regulatory standing has both advantages and drawbacks. Because there is no regulation, bitcoin can be used freely across borders and isn’t subject to the same governmental limitations as other currencies. Governments and interested parties, on the other hand, are continuing to push for cryptocurrency legislation.

The creation of a regulatory framework is only a matter of time, and the impact it will have on Bitcoin’s price is impossible to predict. For example, SEC cryptocurrency rulings might have an effect on Bitcoin’s value in the United States. The price of Bitcoin rose to $69,000 in October 2021 shortly after the SEC gave its blessing for the first U.S. bitcoin-linked ETF: the ProShares Bitcoin Strategy ETF (BITO). However, just as it was reaching that mark, Bitcoin’s price had fallen to around $40,000 a few months later.

 

The introduction of China’s bitcoin trading and transaction ban in September 2021 had a big impact on the supply and demand of bitcoin. Mining farms in China were compelled to pack up and move abroad as a result of China’s bitcoin trade and transaction prohibition. Prices dropped from around $51,000 at the start of September to around $41,000 by the end of the month, only to rapidly rebound and surpass previous price levels as operations resumed.

The media and news reporting work both for and against Bitcoin’s price in an effort to keep investors and interested parties up to date. Any changes in any of the factors outlined above are swiftly revealed to the public. As a result, good news for cryptocurrency investors tends on sending Bitcoin’s price up, while bad news sends it down.

Many things, like supply and demand, production costs, competition, media coverage of regulatory developments influence how investors feel about cryptocurrencies. This is one of the most significant factors that affects cryptocurrency prices.

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What is Ethereum, and what should you know before investing?

Ethereum and Bitcoin have rapidly become household names. While they’re frequently mentioned together, they are not the same.

Bitcoin was designed as an alternative to conventional money. Ethereum is inspired by Bitcoin, but it has grander ambitions: to build a software platform that allows users to run decentralized applications without the need of a third party, giving them more control over their data.

What is Ethereum?

Ethereum is a decentralized computing platform network built on open-source, distributed technology. The Ethereum network, like the Bitcoin network, is based on blockchain technology, which essentially is a digital public ledger where financial transactions can be verified and stored by software without the need of a third party.

The Ethereum network is best thought of as a secure database that anybody can use. When new “blocks” of information are added, they’re cryptographically linked to a parent block, making an uneditable chronicle of the prior changes.

Ether is one of the most famous cryptocurrencies, owing to its market capitalization ranking second only to bitcoin.

But the network’s potential to do more than just handle financial transactions is what makes Ethereum so appealing to users and enthusiasts. Developers can use Ethereum to create “smart contracts” (programs that can host any sort of decentralized application) that go beyond Bitcoin’s capabilities.

Bitcoin was the first to utilize blockchain technology in a peer-to-peer payment system, according to Jacob Wade, a financial coach and president of iHeartBudgets. “Ethereum utilizes similar blockchain technology, but it also has the capacity to develop decentralized applications on its platform,” he adds.

People have already developed and launched a slew of Ethereum dApps, including games, digital art marketplaces, and decentralized finance (DeFi) applications.

Is Ethereum a viable investment option?

It is, however. There isn’t one right answer for anybody looking to invest in Ethereum. The most important thing to remember is that, like any other investment, it’s speculative and should be treated as such before putting it in any portfolio.

Ether is becoming increasingly widely available, and there’s a lot of buzz in the media about its increasing value – but it’s vital not to be too caught up in the hype.

“It may be useful in a portfolio, but it should be regarded as highly speculative,” he adds. “Also, while the technology is promising, it’s uncertain which technology will win in the long run.”

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DOT Predictions of the Polkadot Price Prediction 2022, 2025, 2030, 2040, 2050

This essay will look at historical price trends to see how Polkadot’s value has changed. It’ll give advice on when to buy and sell throughout the next few years. Read on if you’re wondering, “Where will Polkadot be in five years?” and want to know if the price of Polkadot will rise or fall by the end of the year.

Do you want to know where the price of Polkadot (DOT) will be in 2022, 2023, 2024, 2025, and 2030?

Polkadot (DOT) Price Prediction/Forecast for 2022, 2023, 2024, 2025 and 2030

Polkadot Price Prediction 2022

Using our in-depth knowledge of DOT’s historical price data, we predict that the price of Polkadot will be between $24.38 and $30.20 in 2022, with an average price of $25.33.

Polkadot Price Prediction 2023

In 2023, the price of Polkadot is expected to reach a bottom level of $36.15. With an average price of $37.16 throughout 2023, the Polkadot price can hit a peak of $42.73.

DOT Price Forecast for 2024-2025

According to the forecast price and technical analysis, in 2024 Polkadot’s price will fall to $51.63 at its lowest point. With an average trading price of $53.48, the DOT price may reach a peak of $62.27.

Polkadot Price Prediction 2026

By 2026, the Polkadot price is forecast to reach $110.91. In normal situations, it might top $130.88, but the lowest feasible degree will be $114.02 on average.

Polkadot Price Prediction 2027

According to our study, the price of Polkadot (DOT) will range from $157.92 to $192.93 throughout the forecast period, with a median value of $162.48.

Polkadot (DOT) Price Prediction 2028

The lowest price of Polkadot is expected to be $234.18 in 2028. With an average trading price of $240.68 throughout the year, the Polkadot price can reach a maximum value of $280.71 in 2028.

Is Polkadot (DOT) a good investment?

The demand for ‘Polkadot’ is expected to continue to rise, as a scarcity promotes price increases. Please keep in mind that any investment involves some degree of danger. Invest only in areas where you can make progress before reaching any conclusions, and do your finest to conduct thorough study.

How high can Polkadot go?

The average price of Polkadot (DOT) is expected to reach $25.33 by the end of this year. It is predicted that if we consider the five-year plan, the coin will quickly surpass the $114.02 mark.

How much will Polkadot be worth in 2030?

In terms of pricing, Polkadot has the ability to reach new heights. It is anticipated that DOT will rise in price. According to certain experts and business analysts, Polkadot may reach a price of $862.16 by 2030.

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Frequently asked questions about stocks

What are brokerage accounts, and how do they work?

A brokerage account is a financial instrument that allows you to buy, sell, and hold stocks and other investment assets. You may deposit and withdraw money like you would with an ATM. However, unlike a bank account, your cash balance may be used to acquire stocks, ETFs, mutual funds, options, futures contracts, forex currency trading , bonds, and other investments.

What is the most effective way to buy and sell cryptocurrencies?

Accounts at online brokerages are linked to the US financial infrastructure. You may generally use your brokerage’s mobile app to deposit funds by check. You can also wire funds, send electronic transfers, and use other supported methods to your brokerage for addition or withdrawal of funds.

The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regulate brokerage accounts in the United States. While investment assets may lose value, the US government guarantees brokerage accounts through the Securities Investor Protection Corporation (SIPC).

Who should use a brokerage account?

Anyone interested in investing must first set up a brokerage account. You can’t buy and own stocks and other assets without one, so everyone who wants to invest should obtain one. If you’re heavily in debt, you may want to clear high-interest payments before putting too much money into the stock market.

Make sure you understand the risks and potential return of the stock market before jumping in. While most people invest with the goal of making money, stocks and other assets may decline in value. Make careful to research what you’re getting involved in so that you can better evaluate the dangers and potential income.

How much should a brokerage account cost?

In the 2020s, brokerage accounts should be almost entirely free. With a few exceptions for active traders and managed portfolios, you should be able to create and maintain an account with no minimum balance requirement, no recurring costs, and no activity restrictions.

In 2019, most brokerages eliminated stock and ETF commissions as well as base fees for options. This makes investing more accessible to people of all income levels. Some of the other brokerages that provide commission-free trading include Merrill Edge and TradeStation, among others.

How do I choose an online brokerage?

Every investor has his or her own objectives and tastes. You should choose a firm that offers platforms and tools that are easy to use, as well as financial solutions that match your investing strategy. Fees might significantly reduce the amount of money you make from your investments, so keep an eye on commissions, fees, and pricing for any services you may require in order not to be caught off guard by an unexpected charge.

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Bitcoin Cash (BCH)

Bitcoin Cash is one of the most popular forks of Bitcoin’s original network. The concept for the cryptocurrency was generated out of dissatisfaction with Bitcoin’s trajectory away from Satoshi Nakamoto’s initial plan.

The birth of Bitcoin Cash, which is more like a currency than a store of value, sparked a heated debate between supporters of Bitcoin and others who felt that it should be able to trade more quickly and inexpensively.

A so-called civil war erupted around this period, with Bitcoin Cash advocates denouncing the current Bitcoin and declaring it to no longer be the genuine version. In August 2017, as a result of a fork, Bitcoin Cash was introduced. It had a promising start but has failed to live up to expectations since.

Despite the fact that Bitcoin Cash was designed to be a more useful money, many people invest in it. The price of the coin has typical market volatility, but many individuals think its future will be brighter and provide greater value in the following months and years.

What is Bitcoin Cash (BCH)?

Although it is not the most ancient, Bitcoin Cash is one of the most well-known forks of bitcoin. Just before Bitcoin hit its previous all-time high of $20,000 at the end of 2017, Bitcoin Cash was created. It increased the block size in order to allow for more transactions to be processed faster.

It’s worth noting that the cryptocurrency split into Bitcoin Cash ABC and Bitcoin Cash SV in November 2018 (Satoshi Vision). This demonstrates a commitment to keeping bitcoin and other cryptocurrencies growing, however the BCH fork was primarily driven by bitcoin’s 1MB block size restriction.

The block size became too small to handle the growing number of transactions, which caused a backlog and delays in confirmation.

To deal with the issue of increasing transactions, Bitcoin Cash suggested making blocks with a capacity between 8 MB and 32 MB, allowing for more transactions to be processed per block. In a typical Bitcoin block, there are around 1,000 to 1,500 transactions.

During a stress test in September 2018, the Bitcoin Cash network handled 25,000 transactions every block.

This fork’s creator, Roger Ver, has long propagated the idea that Satoshi Nakamoto, who created Bitcoin, was behind a digital currency that could function under stress.

In the view of Ver and supporters of Bitcoin Cash, increasing the block size in Bitcoin will allow customers to utilize Bitcoin as a regular payment method and allow it to compete with huge credit card processing businesses like Visa that charge high fees for worldwide transactions.

Bitcoin Cash (BCH) Fundamental Analysis

Bitcoin Cash has been in the top 10 currencies by market capitalization for much of its history, but it just lost that spot recently. Even at its peak a few days after Bitcoin hit $20,000, the currency’s price was barely over $3,643.

Its price climbed and fell dramatically at first, but it has been less volatile since the end of 2018. The price of Bitcoin Cash fluctuated greatly throughout its first year, but since the end of 2018 and up until now, it has trended downward. In August 2017, Bitcoin Cash reached its all-time high after just two months in operation.

Bitcoin Cash () Technical Analysis

The MACD and RSI also confirmed a bearish break. This is the fourth time I’ve mentioned this, but it’s worth noting: The price broke below its own Lower Low after a bearish Breakout from the Sideways Channel, signaling a downtrend. It’s oversold (RSI 30), suggesting that a swing trade might be feasible at around $100.

There is a downward trend on all time scales, including short, intermediate, and long-term.

The MACD line is above the MACD signal line (bullish), while the RSI is below 45, suggesting that momentum is mixed (bearish). The MACD histogram bars are decreasing, which might suggest a loss of momentum.

In general, volume is flat, which means it swings up and down equally on both sides. As a result, buyer and seller demand and supply are balanced.

Resistance: The $100 mark is the closest Support Line. The resistance levels are $150, $200, $280, and $340 (former support).

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How Tesla moves the crypto markets

Anyways besides macro factors there were a few crypto specific factors that moved the market last week.

The one that everyone’s talking about is the revelation that tesla sold 75 of its btc holdings which of course caused crypto to dip as most of you will know tesla famously revealed that it had bought 1. 5 billion dollars worth of btc early last year. An announcement which eventually led to the massive crypto rally we saw in the months that followed. Some of you might also recall that tesla sold 10 of its btc holdings shortly afterwards. To quote prove liquidity in plain english – the company wanted to prove to shareholders that it could sell off a large amount of btc at a moment’s notice if required at least according to tesla ceo elon musk.

Even with this 10 sale when the crypto market hit its peak in november last year tesla’s btc holdings were worth. Well over two billion dollars nearly double the dollar value of what the company had initially invested after tesla’s recent sale. However the company now holds just 218 million dollars of quote digital currency. A figure which apparently includes an unspecified amount of dogecoins (doge). If you’re wondering exactly how much btc tesla sold the answer seems to be close to 1 billion worth.

If you’re wondering how tesla was able to sell such a large amount of btc the answer is over-the-counter or otc. Basically trades that take place directly between people not on exchanges. This is why it’s unlikely that tesla’s btc sales had any direct effect on btc’s price. Not only that but the sale likely happened some time ago so whatever direct effects tesla’s btc sales did have on its price have already come and gone. The reaction to the news by the crypto market after the fact is irrelevant.

What is relevant however is the reason why tesla sold so much of its btc and what it plans to do going forward. In an earnings call Elon explained that tesla sold its btc because of the constant supply chain disruptions. The company is experiencing notably from China whose zero cough policy continues to put the country into lockdown. This confirmed my suspicion that tesla was forced to sell some of its btc stash case in point Elon emphasized that this sale should not be interpreted as a change in the company’s stance on crypto and that tesla is open to buying back all that btc in the future likely when all the macro headwinds the company is facing start to calm down. Unfortunately there was no news from Elon about when tesla will begin accepting btc as payment.

Something he said the company would do once most btc was being mined with renewable energy. Well in case you missed the memo around 60 of btc is now being mined with renewables so where you at Elon jokes aside there are a couple of publicly traded companies that could follow tesla’s lead if this week’s tech earnings confirm the sector is getting squeezed. .

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About MATIC

MATIC is a Nordic word that means “to be oneself.”

The Matic Network was founded in October 2017, following a White Paper on the Plasma Framework written by CEO Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. The pair recognized that Ethereum wasn’t fully scalable and took advantage of PoS side chains linked to the root chain.

The point of this is to distinguish what these differences are and how they might impact the value of your investment.

Stakeholders in the blockchain space are interested in scalability, and they believe that proving side chain stakes will help to improve scaling. They anticipate that by demonstrating sidechain stakes, which they think will lower transaction fees, speed up confirmations, and provide a variety of other advantages after scalability issues have been addressed. They are also one of Binance’s newest ICOs on the launch pad.

The Matic network is also attempting to improve usability without sacrificing decentralization and scaling issues. They intend to leverage the existing developer community to provide more dApp features and a better user experience in the future.

 

MATIC Price History

On April 29, 2019, Matic network began its foray into the crypto world. The currency steadily climbed again and again. At the end of May, the price dropped by $0.03 with a few fluctuations, and it continued to fall throughout June until it was down to $0.01 at the beginning of July. The token stayed constant for much of July, when it changed hands for $0.02 per unit.

The cryptocurrency’s market capitalization has been growing at an exponential rate since its inception, from around $1 billion to more than $60 billion in less than a year. The bitcoin supply is limited, and it is expected that the price will rise significantly when this resource runs out. In fact, experts believe that the current price of bitcoin might continue to increase for many years to come. At the end of 2021, Matic was trading for about 0.01 US dollar per token; however, things changed dramatically after mid-November when it dropped down to $0.01 on several exchanges (price fluctuations have been observed throughout November).

On a simple note, the Matic continued to trade at $0.014 in the early hours of January 2020. The price fluctuated from thereon and climbed as high as $0.02 in February. Covid-19 epidemic played a role in plummeting the coin’s value by mid-March to $0.006, while the crypto market fell sharply. Furthermore, towards the end of May, when prices were still low, they rose and resisted at $025 before settling around $012 in late November. At the end of December 2020, Matic was trading at $0.017 per unit (numbers may not be exact).

The MATIC price has broken a new record in 2021, ranging from $0.94 to $2.1, with the greatest recovery rate of all cryptos including Bitcoin and Ethereum monsters. It is expected that most currencies will only increase following the significant price drop recently, according to many traders. Polygon is predicted to have a bright future by many traders, who believe it has endured and maintained its trend despite the fact that several coins have fallen by around 20%.

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Stellar Lumens

The goal of Stellar Lumens was to assist customers break free from the restrictions of international transactions, including lengthy transaction times and pricey fees. The creators of Stellar Lumens wanted to provide a quick and cheap way to send and receive money across countries. It’s worth noting, however, that the cryptocurrency was built on the Stellar network in order to function within its system.

XLM/USD isn’t a volatile market. In 2017 and 2018, the pair rose to an all-time high of $0.9381 on January 4, 2018. Its value dropped quickly similar to other cryptocurrencies, and the downtrend persisted until the beginning of 2019. In 2019, the cryptocurrency stayed stagnant for the most part. 2020 altered this situation dramatically. The long-term rise in XLM/USD was highlighted at the end of 2020.

On February 2021, the price rose above $0.35 for the first time. However, the bulls’ momentum was lost, and the price fell. On January 17 2021, the XLM/USD pair established a new ascending trend. Will bull traders have enough power to propel XLM past its previous high near $0.35? With so many various types of cryptocurrency accessible, will it be able to endure? What events might influence Stellar Lumens’ price in coming months? Should you invest in Stellar Lumens? Continue reading to learn what are the most realistic predictions!

Overview of Stellar (XLM)

Stellar is a peer-to-peer, decentralized exchange. The currency used on the platform is Lumen (XLM). Stellar was launched in 2014, and since then, Lumen has risen to become one of the top 20 most valuable cryptocurrencies, according to September 2020 rankings.

XLM’s creators dedicated the mission statement to making financial services accessible worldwide via Internet access and simple hardware after realising that many people in various parts of the world don’t have easy access to finance – and, frequently, service fees are prohibitively high.

The current value of 1 XLM is $0.260908 (as of January 16, 2021, on CoinGecko). In early 2018, the value of XLM skyrocketed to $0.8755, only to plummet rapidly afterward. The increase was brief, and the value soon returned to normal and remained relatively steady throughout 2020. Although the figures do not compare to what it was worth in 2018-2019, they are still far more valuable than during its early years of existence.

Advantages of XLM

XLM is not only faster but also more secure than Bitcoin, Ethereum and other cryptocurrencies that require miners. The settlement of the transaction takes around 3-5 seconds on average, even for large sums. This means it’s far quicker to transfer money from one place to somewhere else in the world.

XLM transfers are very inexpensive, making them a viable alternative to other methods of money transfer when compared to the competition.

With some currencies, finding a functional currency pair might be tough. When you use XLM, the sender’s

Beginners will find it simple to get started because everything they need is accessible through the internet, even if you have no prior experience with adding new users.

Disadvantages of XLM

There is no mining – Unlike BTC, XLM cannot be mined since it doesn’t use Proof-of-Work.

BTC isn’t widely accepted as a payment option – You may now use BTC to pay for a variety of products and services. Despite this, XLM is not as popular among merchants.

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Nawadays crisis of crypto companies and tech giants

Now it’s not just crypto companies that are in crisis.

These days tech giants have been in trouble too and that’s bad news for both stocks and crypto. It’s bad news for stocks because tech companies make up a substantial chunk of benchmark investment indices like the s&p 500 so if they perform poorly they’re likely to drag down the rest of the stock market too. Similarly the crypto market is highly correlated to tech stocks specifically the nasdaq 100. It should come as no surprise then that the nasdaq also saw a nice recovery late last week just like the crypto market recovery. However the recovery in tech stocks is unlikely to last for long.

Although tech giants like apple and amazon are still doing all right. Last week google announced that it won’t be hiring as many people going forward due to the quote uncertain economic outlook and microsoft went as far as to announce that it would be laying off quote less than one percent of its workforce. As reported by the guardian netflix, meta google, twitter and tesla will all be releasing their q2 earnings over the coming weeks and the cracks forming at google and microsoft suggest that these earnings will come in below investor expectations. Case in point meta ceo mark zuckerberg recently stated that quote “this might be one of the worst downturns that we’ve seen in recent history and that the company would be hiring 30 fewer software engineers as a result”. Now to be fair, this news from meta isn’t all that surprising.

Given that the idea of a centralized metaverse owned and operated by a company that’s known for censorship isn’t all that appealing to anyone with half a brain. Even so it’s clearly a sign of a bigger trend that’s only just beginning and with most tech companies having profit to earnings ratios that remain astronomically high. It’s likely that we will see many of their stocks slide in the second half of the year. This is once again consistent with the projection that the crypto market will see its bottom sometime in the autumn and it could mean that the bottom for crypto will be even more brutal than many investors are expecting. The caveat is that big tech companies and other market movers in the sp 500 still have record levels of cash in their reserves.

According to the wall street journal the largest US companies still have a whopping 8. 3 trillion dollars in cash or cash equivalents. Thanks to the federal reserve’s money printing. Many analysts believe this could give companies enough runway to survive the recession when it inevitably comes. Assuming we’re not in one already who knows maybe some of this massive money pile will find its way into crypto because of all the inflation going on.

This brings me back to the elephant in the room which is of course inflation. Last week the cpi for June was released and it came in at a staggering 9. 1 percent significantly higher than the 8. 8 percent investors were expecting. As you might have guessed this is what caused that sharp dip in the markets on Wednesday and it seems the only reason the markets recovered was because consumer sentiment is somehow on the rise according to the university of Michigan.

As you can see however this apparent recovery is barely visible on the long-term consumer sentiment. Index it rose to 51. 1 from 50 in june which was actually the lowest level consumer sentiment had ever been since the index was created. This is not all that surprising given that consumers are being financially crushed on all fronts and costs only continue to rise. I reckon the only reason why we saw this small recovery is because people are happy to be out and about after being locked down for two years.

That said another contributing factor to the market recovery was something that almost everyone overlooked and that’s the 900 billion dollar military spending package that was passed by the us house of representatives on Thursday. As with many massive bills the military spending package contains a few critical clauses such as a 4. 6 pay rise for us military personnel and an official raising of the minimum wage for public workers to 15 an hour. The harsh reality is however that these two clauses are likely to contribute to inflation since more money chasing the same amount of goods means prices go up. This just goes to show you that the monetary policy of central banks is just a part of the inflation equation.

The fiscal policy of governments plays a role as well and some have argued that it plays an even bigger role than monetary policy. At the same time you have all the supply side pressures that can’t be solved by governments or central banks. This is why i think inflation is likely to continue for the foreseeable future and why i’ll be doing a text about how to keep up with and even beat inflation sometime next week. In the interim you can check out my recent texts about all the unprecedented disruptions to food processing facilities using the link in the description. Now i know we looked at bitcoin’s charts earlier but i wanted to bring your attention to the wyckoff pattern that appears to be forming on btc’s daily price chart.

If you read our article about the wyckoff method you’ll know that it’s basically used by institutions to trick retail investors into buying and selling at the worst possible time the wyckoff method we seem to be seeing. Now is accumulation and if so we could see one more sharp drop to the 18k level before snapping higher as per the spring. If this does happen i bet it will be around the fed’s meeting and the release of the gdp figures for q2 this year so just keep that in mind. Last week’s top performing cryptos were lido finance’s ldo token, polygons matic token, r weaves ar coin, ethereum classics, etc coin, and quant network’s qnt token. As i mentioned earlier lido finance’s ldo token is rallying on the news that ethereum developers have set a tentative date for the merge ldo’s long-term price history suggests.

It’s likely to see lots of resistance around these levels but if it can break higher the next stop will be 2. 50 to 3. Close to a 2x gain at the time of shooting. Next we have polygons matic token which is rallying on the news that the project had been selected to participate in disney’s accelerator program. Polygon is also ethereum’s leading scaling solution so matic likely got some extra momentum from the tentative merge date.

Like ldo matic faces a lot of resistance around these levels but could rise as high as a dollar if it can break through the 80 cent barrier full disclosure. I hold matic as part of my personal portfolio and you can find out what else i hold by signing up to my newsletter in the description below. As for arweave its ar coin appears to be rallying on the news that the project had partnered with one of the front ends. For arvei’s decentralized social media platform lens protocol more about ave in the description. Like ldo and matic ar has a lot of resistance around the 15 level with some luck it’ll manage to reclaim the 25 mark in the coming weeks where the next level of resistance awaits.

When it comes to ethereum classics etc coin this is also something i covered earlier. Etc is rallying because many investors believe it will stand to benefit when ethereum transitions to proof of stake. I rather wonder just how much etc could rally though because the ethereum classic twitter account hasn’t posted anything since late april. This leads me to believe that what we’re seeing now has less to do with fundamentals and more to do with speculation. Last but not least we have quant network’s qnt token and i honestly couldn’t identify the origin of its most recent pump.

My best guess is the news that 1900 people had signed up for the crypto projects course about its over ledger protocol at king’s college here in london. Qnt is actually looking quite strong on the daily and if we see another bull flag play out it could rally as high as 120 dollars in the coming weeks. .