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Author Topic: StormGain is a crypto trading platform for everyone.  (Read 102970 times)

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Re: StormGain is a crypto trading platform for everyone.
« Reply #240 on: September 27, 2022, 10:45:01 AM »
Cardano conducted its super-important Vasil hard fork last year

Since the launch of smart contract support, the Vasil hard fork has been a major event for Cardano. The update is designed to increase network bandwidth and reduce developer costs. In just 24 hours, the coin saw its value increase by 5%.



The black streak for Cardano started a year ago with the Alonzo hard fork and the launch of smart contract support. In terms of technology, the network wasn't ready, which resulted in overloads and delays in transactions emerged. Many users erroneously assumed that Cardano simply couldn't process more than one transaction per block. Disappointed investors began to dump the coin, which led to its fall from $3.00 to the current $0.50, and the blockchain dropped from third place in the overall standings to eighth.

Due to the technical failure, Cardano missed the rally in the DeFi sector, which grew from $15 billion to $167 billion in 2021. For example, the newer, faster Solana blockchain saw its value increase from $0.5 billion to $7 billion in Q2 2021 alone.



The first decentralised exchange on Cardano was MuesliSwap, which launched on 26 November 2021. However, the exchange and subsequent startups faced interruptions and delays in their work. As a result, most projects refused to launch right away, anticipating a future hard fork. In its best days, the amount of staked funds in DeFi reached just over $300 million.



With the Vasil update, Cardano should get a second wind, and this year, the network will reach the speeds of Solana, at least according to developer Charles Hoskinson. Over a thousand blockchain-based projects are in some stage of development.

As Aggelos Kiayias, a Cardano developer, pointed out, you can always improve speed and achieve more success by sacrificing security. People are in too much of a hurry, which has turned DeFi into a kind of playground for hackers. Cardano takes an academic approach toward developing and testing new products and evaluating system security, which results in a natural lag behind its faster competitors.



On 22 September, the Vasil hard fork was successfully completed, and full functionality will become available on 27 September. Without going into technical details, as performance and scalability increase, the network should become more secure and less expensive.


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« Reply #240 on: September 27, 2022, 10:45:01 AM »

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Re: StormGain is a crypto trading platform for everyone.
« Reply #241 on: September 28, 2022, 01:04:25 PM »
Ethereum Classic disappointed miners' expectations

On 15 September, Ethereum shifted away from miners' services as validators are responsible for assembling blocks on the network. The altcoin ranked first in terms of mining profitability, which resulted in the network's total computing power growing until the announcement of Ethereum's Merge date. A maximum of 1.27 PH/s was delivered in June, which is the rough equivalent of 22 million 3060 Ti graphics cards with a capacity of 58 MH/s.



On 15 September, Ethereum shifted away from miners' services as validators are responsible for assembling blocks on the network. The altcoin ranked first in terms of mining profitability, which resulted in the network's total computing power growing until the announcement of Ethereum's Merge date. A maximum of 1.27 PH/s was delivered in June, which is the rough equivalent of 22 million 3060 Ti graphics cards with a capacity of 58 MH/s.



Despite the network's increased security, the coin's value didn't increase proportionally. ETC's price has moved upward since its Merge was announced. However, since then, it's been trading in the red since the date of the actual transition. A classic example of the approach is "buy the rumour, sell the news".



Due to the influx of miners, the mining difficulty has increased, which, while maintaining a low price, has led to a more than three-field decrease in mining profitability from $9.70 to $2.90 per GH/s per day. This is a low for Ethereum Classic and another test of miners' perseverance.



However, low performance is not a reason to put an end to the network's future. Ethereum has rightly been criticised for increased centralisation and risking having its transactions censored. On the day of the merger, SEC Chairman Gary Gensler announced that the regulator could possibly recognise PoS coins as securities.



The risks that have arisen with Ethereum are leading to a revival of the community around ETC. Thus, the volume of funds staked in DeFi gas increased from $93,000 in July to the current $607,000. This is a drop in the ocean compared to Ethereum's $31 billion. Nevertheless, a positive trend can be seen, and if the above risks materialise, interest in ETC will increase many times over.


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« Reply #242 on: September 29, 2022, 04:56:15 PM »
Tether once again in regulators' sights

Tether's dominance in the stablecoin market, the ambiguity of the composition of its reserves and its questionable actions in the past leave regulators uneasy. After Tether (USDT) reached a pre-trial settlement of claims with the New York State Attorney General's Office (NYAG) and paid a fine of $18.5 million, Judge Katherine Polk Failla requested lots of financial statements from the company as part of a new process.



Although USDT's market share over the past two years has decreased from 77% to 46%, the stablecoin remains the leader, which predetermines the systemic risk for the entire cryptocurrency market if Tether were to collapse. That's why the quality of its reserves is critical since USDT is backed by existing assets when pegged to the US dollar.

Initially, the company stated that each USDT was backed by $1 in a bank account. However, as a result of an audit and litigation initiated by NYAG, a disturbing picture emerged. Less than 4% of the collateral is held directly in fiat. Commercial bonds account for another half of the reserves.



The claims against Tether from the prosecutor's office were hushed up thanks to a fine of $18.5 million and the obligation to disclose the overall picture of the state of its reserves. That same year, Tether representatives petitioned the New York Supreme Court to block the media from accessing the information on the state of its reserves.

However, another lawsuit initiated in October 2019 is now moving forward. In it, Tether is accused of issuing unsecured USDT and subsequently pumping Bitcoin together with Bitfinex in 2017. The plaintiffs demanded an investigation into the state of the reserves and the movement of the company's funds, in particular, to find out how USDT's capitalisation grew from $100 million in June 2017 to $2.2 billion at the beginning of 2018. During the same time, Bitcoin's price jumped from $2,300 to $19,000.



As part of the investigation, the judge requested Tether's ledgers, profit, loss and cash flow statements, as well as records of any cryptocurrency transactions or transfers. The company was quick to notify customers on its website that the request is routine and that it in no way supports the unsubstantiated claims of the plaintiffs.

One curious event in this story is the $1-million fine the SEC issued in the middle of this month to the accounting firm Friedman LLP for failure to "respond to fraud risks." Friedman LLP audited Tether between May 2017 and January 2018 (Tether terminated the partnership due to delays in audits).

Since mid-2022, Europe's largest BDO has been reporting on Tether reserves. As of 30 June, they are represented by the following assets:



At the beginning of the year, Tether promised to reduce the share of commercial bonds in its reserves, increasing the volume of US Treasury bonds and other class A1 investment instruments. As the last breakdown shows, highly liquid assets still make up 80% of total assets. And in the absence of detailed disclosure, the quality of the remaining 20% can't be evaluated. The company's own assets in digital tokens amount to $226 million.

The interest of regulators in Tether is caused not only by possible transgressions in the past but also by the upcoming tightening of US legislation in relation to issuers of stablecoins. If gross violations take place, sanctions will be applied to Tether, which may ultimately lead to the loss of USDT's leadership in the stablecoin market.


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« Reply #243 on: September 30, 2022, 05:38:35 PM »
LUNA and UST creator Do Kwon runs off with $67 million?

In the spring of 2022, UST was one of the three largest stablecoins, with a market capitalisation of $19 billion. Its sudden decoupling from the US dollar led to a crisis among a number of crypto projects, including Three Arrows Capital and Celsius Network. UST's founder, Do Kwon, told the community that there simply wasn't enough money in the fund to provide liquidity to UST. However, new details about the affair bring his honesty into doubt.



UST was the Terra project's algorithmic stablecoin. Its exchange rate was supported by its internal coin, LUNA, and a $3 billion cryptocurrency fund primarily held in BTC. The project looked promising, which resulted in LUNA being the only asset in the Top 10 cryptocurrencies by market cap to set a new all-time high in 2022 and assuming second place after Ethereum in the DeFi world.

So far, the exact cause of the crash has yet to be determined, leaving it an open question whether it was due to the system's poor balance, an external attack on UST's stability or abuse of investor confidence. When UST lost its peg to the US dollar, the LFG fund was depleted within hours, and LUNA depreciated.



The analytics firm Elliptic attempted to track down what happened to the fund's assets back in May. It turned out that 28,000 BTC were sent to an address on Binance, and 52,000 BTC were sent to Gemini. After that, the trace was lost. Kwon claimed that these funds were intended for market makers to sell Bitcoin and buy UST.



Since Kwon didn't appear at the South Korean police station upon request and his whereabouts couldn't be established, on 14 September, South Korean authorities issued a red notice to Interpol to locate, arrest and extradite him. Between 15 and 17 September, 3,313 BTC (~$67 million) from the LFG wallet on Binance were transferred to KuCoin and OKX, according to CoinDesk, which referenced the analytical agency CryptoQuant. Law enforcement agencies in South Korea have asked the exchanges to freeze the funds they received.

At the same time, Kwon claims through tweets that he is not running from anyone and says that claims that he transferred the funds from LFG for his own needs are disinformation. LFG said in its official account that there was only one BTC wallet, forgetting about the history of the transfer to market makers.



Unfortunately, there are increasingly more indicators that hint at Kwon playing an unscrupulous game in which the community, investors and partners are just interchangeable pieces. Since Kwon continues to hide from the police, the South Korean Ministry of Foreign Affairs plans to cancel his passport.


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« Reply #244 on: October 04, 2022, 12:45:24 PM »
Investors pull out of cryptocurrency funds

Ethereum's Merge was a disappointment both for miners, who lost their most profitable coin, and for institutional investors, who had hedged their bets on a rally following this exceptional event.

In August, institutional investors withdrew an average of $14.9 million each week from Bitcoin funds and invested $6.4 million in Ethereum.



Ethereum's successful transition to a proof-of-stake algorithm may have led to a rally in the right macroeconomic environment, but on its own, it did not solve a number of key issues facing the coin, such as low bandwidth or high fees. In addition, whales were preparing for 'sabotage' by pouring ETH into cryptocurrency exchanges (we wrote about this at the end of August). During the week of the Merge (12-18 September), they sold off 22% of their assets, which put additional downward pressure on the ETH's price.



When institutional investors' hopes failed to materialise, they made an exit. And while Bitcoin outflows stopped in September, Ethereum funds saw a substantial exodus of $26.4 million per week on average.



At the same time, there was an increase in short Bitcoin funds (funds which give investors exposure to derivatives that bet against the price of Bitcoin). The average weekly inflow was $10.4 million, led by the ETF from ProShares, which rose by 44% to $98.8 million in one month.

The drop in investment is also affecting public miners, who sold more coins in May, June and July than they produced during that period. The lack of a plan B for a prolonged crisis has left them no choice but to increase market supply and further drive themselves into a corner. The drop in investment attractiveness of publicly traded mining companies is also having a negative impact on the industry, and further sell-offs will continue to put downward pressure on the price of coins.



Institutional investors anticipate that the cryptocurrency market will continue to drop due to the deteriorating macroeconomic environment, with central banks around the world raising interest rates in response to rising inflation and a global recession predicted for 2023 at a 98% probability. This is leading to an outflow of capital from risky assets into US bonds and directly into the US dollar, with its index recently hitting a 20-year high.


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« Reply #245 on: October 05, 2022, 02:17:34 PM »
CIS countries are working on cryptocurrency laws amid an influx of Russians

Russians who have left their country are finding it difficult to get hold of cash. Visa and Mastercard issued by Russian banks have not been accepted in other countries since March, and the MIR payment system is now not working in most places. Entering other countries with cash, on the other hand, involves customs declarations, significant conversion losses and the associated risks.

In this situation, cryptocurrencies, which are more convenient than fiat money in many ways, have seen high demand. Operators or individual issuers may be subject to restrictions, but not cryptocurrencies, which are mostly decentralised products. Even in China, which is not welcoming of cryptocurrency, its transaction ban relates only to financial institutions. Bitcoin, meanwhile, can be bought and sold by regular users without any obstacles.



Many Russians brought funds in cryptocurrency to their new country, and shops recorded a three-fold increase in hardware wallet sales from last year. In the wake of the influx of cryptocurrencies to CIS countries, work has intensified to develop corresponding legislation.

On 28 September, Uzbekistan passed a law that requires licensed crypto exchanges to pay a monthly fee of 120 million soums ($11,000), cryptocurrency shops about $500, and self-employed miners $270. If no payment is made after two months, the licence is revoked. More than 50,000 Russians entered Uzbekistan in Q1 2022 alone, compared to 15,000 during the same period in 2021.

In Kazakhstan, which welcomed more than 100,000 Russians in September alone, the first cryptocurrency banking transaction was recently conducted. According to Talgat Dosanov, director of the Intebix exchange, the first cryptocurrency purchase in all of Eurasia was made. By the end of the year, Eurasian Bank will issue a crypto card that can be used to pay for goods in shops. Payments will be made in tenge, with coins being automatically converted on a cryptocurrency exchange.

And we are prepared to take this further. Kazakhstan will give full legal recognition to digital assets if demand persists while they continue testing security, - said Kazakhstan's President Tokayev at the Digital Bridge 2022 Forum.

Shops and banks are not yet ready to accept cryptocurrencies directly, but the emergence of digital money from the shadows opens up new opportunities for both exchangers and miners in p2p exchanges. In the future, crypto accounts may become available to non-residents, which would reduce fees and enable a number of restrictions to be bypassed.

For CIS countries, the recognition of crypto operations and mining will boost tax revenues. Just in Q1 2022, Kazakh miners paid an additional $1.5 million in taxes on electricity use.


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« Reply #246 on: October 06, 2022, 10:16:41 AM »
Mining profitability trends toward zero, but miners ramp up production

On 2 October, Bitcoin's hashrate reached a record 272 EH/s. As miners continue to introduce new capacity, mining difficulty is increasing. With the coin's price low, that's leading to a drop in mining profitability. The cost of production is close to Bitcoin's current price, but that's not stopping miners.



Income per unit of hashing power is steadily declining, recently setting a new low of 4.06 BTC per exahash.



The trend is brought on both by the increase in difficulty due to the constant influx of miners and the improvement of equipment. However, the situation has recently worsened. In terms of US dollars, profitability dipped to a level not seen since October 2020, when Bitcoin was trading at $10,000. In other words, in just two years, mining difficulty and Bitcoin's hashrate have increased by 66%, while the income per hash power has halved.

Miners' pain is more clearly conveyed by the estimate of the cost of mining a coin. For the last two years, miners have been working with heightened margins, but now, profitability is close to the cost level. Glassnode used a regression model to evaluate it, arriving at a current cost of $18,300 per Bitcoin.



If mining was done primarily by crypto enthusiasts, they would turn off less efficient equipment in response to a drop in profitability. That, in turn, would lead to a drop in hashrate and network difficulty, but profitability would grow as the price of Bitcoin remained low.

However, public mining companies run the show, many of which borrowed money during the bull cycle and are now forced to sell their coin reserves at low prices to cover costs. If most of them were simply unprofitable in 2021, then this year, some are awaiting bankruptcy proceedings or takeovers.



On the contrary, mining companies that were prepared for market turbulence and have retained their capital are now either buying up competitors or ordering ASICs at ultra-low prices. That's how Cleanspark acquired about 3,000 ASICs over the summer and placed an order in September for another 10,000 Antminer S19j Pros, calling the current market conditions "unprecedented opportunities."



The influx of large capital is leading to the fact that for every bankrupt company, two with more efficient equipment are taking its place. That's why difficulty is increasingly becoming detached from the coin's value, and the current crisis has not affected the network hashrate in any way. This is good news for Bitcoin because the growth of computing power is bringing about increased network security and stability.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #246 on: October 06, 2022, 10:16:41 AM »


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« Reply #247 on: October 07, 2022, 03:10:37 PM »
Solana hits another network failure

On the night of 1 October, the 'Ethereum killer' was faced with yet another crash and complete stop to the network. Since this is the eighth time in a year, users have lashed out at Solana's developers.



The network problem occurred because of a misconfigured node. As a result, the developers were forced to restart the network from the last confirmed slot. It took more than six hours to find and fix the problem, and network operators spent several more hours restoring client services.

Justin Bons, the founder and CIO of Cyber Capital, noted that Solana crashes an average of once a month, which once again highlights the network's poor design and the developers' focus on raising capital instead of conducting in-depth work on the project.



Other users are wondering what the point of a high degree of decentralisation is if the blockchain is unstable. In terms of the number of validators, Solana is second only to Ethereum, and the Nakamoto Coefficient is 30.



Solana's supporters insist that the network is still in development, so such flaws can be forgiven. The coin's price didn't react to the failure this time, apparently, because some investors have already come to terms with this issue with the blockchain.



Another point in Solana's defence is the increase in network activity and the preference for the blockchain when it comes to minting low-cost NFTs. If Ethereum is valued for its stability — for example, one of the largest publishers, Yuga Labs, expressed its exclusive commitment to the network — others opt for Solana because of its low network costs.



As such, the number of weekly transactions in the NFT sector continues to grow steadily, surpassing 842,000 in September, and the number of active users is close to the highs seen in February, now exceeding 153,000.

What do you think? Can a blind eye be turned to network downtime if it offers minimal costs? Tell us in the comments!


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« Reply #248 on: October 10, 2022, 11:05:20 AM »
Ethereum (ETH) price prediction 2022-2030

Ethereum is the second-largest cryptocurrency after Bitcoin, with $20 billion in capital and $12 billion every day trading volume. It wouldn't be wrong to say that Ethereum is as well-known around the world as Bitcoin. Some people use their smart contracts and technologies to improve their business, while others use them for everyday transactions.

There is also a particular group of people who trade this cryptocurrency. To them, the Ethereum price prediction is the most interesting piece of information. That's why we're going to look at its history and future opportunities.

What is Ethereum (ETH)?

Ethereum is both a cryptocurrency and a decentralised environment that is transforming the IT industry. It was created by Vitalik Buterin and his team with one purpose: to give the world something better than Bitcoin.

Some brief information about Ethereum:


Ethereum main information

ETH's main feature is smart contracts. They have changed the world of business because they allow you to get rid of intermediaries and provide complete control over fulfilling obligations. The Ethereum platform allows new altcoins and tokens to be launched on its blockchain. Moreover, it provides the possibility of creating decentralised applications that have become more popular nowadays.

Finally, it is one of the most popular cryptocurrencies among traders. It is listed on 95% of exchanges and has great volumes every day. To sum up, ETH can be considered BTC's main competitor.

Ethereum (ETH) price analysis

Ethereum didn't see any excitement for a long time. It was just considered another cryptocurrency on the market. Nevertheless, its price was bound to rise for many reasons, and that's just what happened.


All-time Ethereum price charts

Why did it happen? Ethereum's transactions are significantly faster than Bitcoin's. Many people, therefore, migrated from the first-ever cryptocurrency. The Ethereum blockchain also provides an environment to create decentralised applications or dApps, so it became very intriguing to developers.

The rise in interest in this cryptocurrency meant that someone had to find new blocks and verify transactions. Hence, many miners directed their hash rate from BTC to ETH. They found many new blocks, which created mining difficulty and increased mining costs.

ETH's price history

The first-ever ETH tokens were created in 2014, but they were not listed on any exchange. However, during their implementation, the company got an income of $18 million. The first release of the Ethereum blockchain was in 2015. With its launch, ETH was added to some exchanges, but the price was below $1.

At the very beginning of 2016, it had its first growth. It was traded for $6 in the middle of February and even for $15 in the middle of March. The system was then hacked, and the company lost a third of all its capital. That is why it traded for $7.50 at the end of April 2016.

After that, the Ethereum team was able to return stolen money and upgrade their security systems. These measures had a positive effect on ETH's price, which rose to $19 on 16 June 2016. However, the next day, it went down to $12. We can conclude that this rise to $19 was just a pump.


ETH price charts from its creation to the middle of 2016

After that, ETH held stable between $10 to $12. A hard fork took place in October 2016, which led to the emergence of Ethereum Classic. However, this situation didn't affect the price.


ETH price changes

The first serious changes were made in 2017. First, in February, ETH was added to ETORO, which led to a $450 million increase in trading volume. In May, the value of ETH was $95. Within a month, it was trading for $400.

During what was once considered the biggest pump in cryptocurrency history, ETH's price rose to $1,352 per coin before crashing back down to $300. For over two years, the price never really made any attempt to regain old highs, and it trended downwards until 2020 into 2021. It's no news that 2021 was the acquired 'holy grail' of the crypto market, but it seems that Ethereum took that to another level. Like BTC, it not only took out its previous all-time high, it set new ones at over 200% more than its previous yearly high.


ETH charts from the end of 2017 to now

ETH technical analysis

When the rally began on 3 March 2020, only a scant few imagined that Ethereum would reach the highest it did, and within such a short time to boot. After years of a continuous downtrend, Ethereum finally found support at around $110. It then rose steadily but slowly for about four months before making an impulsive leg into $480. Traders took profit, and the world settled down to endure, perhaps, another long stretch of consolidation that characteristically follows crypto price swings. 'Undisappointingly', Ethereum's price consolidated from September into the first few days of November, after which it exploded upwards again.

On 19 January 2021, Ethereum reached its all-time high at $1,422, rejecting sharply and forming a resistance. After a few weeks of testing and prodding that resistance, the price finally broke out. At this point, every real crypto stakeholder was paying rapt attention to the crypto market, and hopes were high in the air. Ethereum never disappointed, exploding through resistance after resistance, creating an extremely bullish market structure and finding higher prices to ravage.

All good things must come to an end, and thus, on 16 November 2021, Ethereum reached $4,891.70, its all-time highest price. ETH has consistently traded lower ever since, and any attempt it has made to recover higher has been met with strong bearish pressure.

Ethereum's price is currently at $1,345 (as of 5 October 2022), but analysts are afraid there’s still a lot of room to fall before hitting bottom.

For any real optimism for bulls, ETH's price needs to create a bullish structure on the daily timeframe and break above $3,524.


1-day ETH technical analysis

Ethereum price prediction 2018

The beginning of 2018 saw a significant rise across all cryptocurrencies, which sparked many Ethereum price predictions. Some said that cryptocurrencies were very close to replacing fiat, while others considered the surge was just a pump.

Nevertheless, experienced traders know that price prediction begins with learning about history and different factors. While making forecasts, analysts used the following information:

- ETH is essential for smart contracts.
- ETH has no issues with the number of processed transactions.
- Many countries don't recognise ETH, so its regulation isn't as good as for BTC.
- More and more banks are focusing on ETH.
- ETH is the second-most popular crypto on exchanges.

In addition, it was necessary to include possible risks:

1. Despite fast growth, Ethereum was still liable to speculative activity.
2. The possibility of hacking.
3. The growing number of users may cause different technological problems.

Most issues could be resolved, so many experts predicted that Ethereum would rise by the end of 2018. The most positive forecast put ETH around $2,500; the most pessimistic saw ETH dropping by $1,500.

As we know today, they were all wrong. At the end of 2018, Ethereum's price was about $137. Moreover, in December 2018, it showed the worst value for the whole year at -$86.

Ethereum price prediction 2019

At the very beginning of 2019, ETH's price was $106. However, it experienced a fast rise, and in March, it traded for $140. Still, this wasn't the best scenario, especially considering that this asset cost almost $1,400 at the beginning of January 2018.

Although the first predictions were negative, experts analysed several factors:

- The protracted deep correction was going to end.
- ETH's price depends on BTC's, which tends to rise.
- Mining costs were on the rise.
- The following Constantinople update would improve the system.
- The functioning of smart contracts was improving.
- Buterin said that he was going to achieve a network bandwidth of 100,000 transactions/sec.

Most factors showed that Ethereum would tend to rise in the future, so the market expected it to close at $500 or more at the end of 2019. However, there were some negative factors:

- Ethereum had less capitalisation than Ripple.
- Many projects were evolving and getting closer to ETH (e.g., Tron, Dash, BCH, etc.).
- Mining became more difficult, so miners changed their priorities to other cryptocurrencies.

All these points showed that Ethereum could be very unstable. The worst ETH value prediction was that this currency could fall to $70, and people would lose interest. Nevertheless, such a scenario was almost impossible because ETH smart contracts provide many opportunities for the whole world.

Ethereum price prediction 2020

Ethereum opened around $131 and trended upward for most of January. By February, it peaked at $290 before retracing to form the yearly low in March at $90. After creating the low, ETH steadily traded high, and by the end of the year, its value had risen as high as $750.

Ethereum price prediction 2021

There weren't many predictions that ETH would grow as much as it did. The growth storm that hit the crypto market also hit Ethereum hard, as the currency was among the most profitable assets all year. It set a new all-time high record at $4,891 after increasing by more than 550% in less than a year.

Ethereum (ETH) price prediction for 2022, 2023, 2025 and 2030

The cryptocurrency market is very volatile, so it's not easy to provide accurate forecasts for many years. However, many analysts have some thoughts about popular cryptocurrencies like Ethereum. Here are some Ethereum price predictions from experts.

TradingBeasts Ethereum price prediction for 2022, 2023, 2025, and 2030

TradingBeasts' forecasts are neutral-bullish. TradingBeast predicts a relatively stable year ahead for Ethereum's price, and by the end of 2022, the token should have added about $200 more. Things begin to change in 2023 when they predict that ETH will fall to below $1,000 by the end of that year but will recover in 2024 to around $1,800.

WalletInvestor Ethereum price prediction for 2022, 2023, 2025 and 2030

WalletInvestor's technical analysis predicts that Ethereum is a great asset for short- to long-term investments. Their prediction suggests that ETH will rise to $2,269.24 in one year. This translates to almost 70% ROI in growth for those who get in now. Not too shabby. The gains keep coming as they also predict that, by 2027, the value of Ethereum will be five times its current value, hitting $6,071.49.


WalletInvestor ETH Forecast

Long Forecast Ethereum price prediction for 2022, 2023, 2025 and 2030

Long Forecast's ETH predictions are also quite positive. They predict that ETH's price will fall below the $1,000 mark but will pick up again towards the closing months of 2024. It gets even more optimistic from there as they believe that Ethereum's price will likely reach above $2,000 by 2025.

DigitalCoinPrice Ethereum price prediction for 2022, 2023, 2025 and 2030

DigitalCoinPrice also provides a positive Ethereum price prediction for the next 10 years. They believe that the coin may close in 2022 at over $1,600 and that its maximum value in 2026 could be $5,088. However, DCP believes that there will be a short drop between 2025 and 2027.


DCP ETH price prediction

Ethereum (ETH) overall future price predictions

Just as Bitcoin is the first-ever cryptocurrency, Ethereum is the first-ever project to create smart contracts. That is why this cryptocurrency probably won't crash in the future. Its positions are very strong today, and many people from the cryptocurrency community continue to believe in ETH.

Today, this system has many issues, so the value of Ethereum will be volatile in the short term. Everything will depend on the ETH team. If they solve the main issues, ETH will gain a foothold. If not, the cryptocurrency's value will dip into double digits.

How high can Ethereum go?

The cryptocurrency community knows that the Ethereum team is very talented, so they predict the best results. On forums, most people say that ETH will be the #1 platform for smart contracts.

However, some experts think that Ethereum smart contracts are losing their positions. Developers are out of ideas about improving the system without refusing the main principles of the ETH blockchain, and projects like Solana are hot on the heels of Ethereum. With time and continued support of other promising projects, Ethereum may eventually bow out into irrelevance.

However, its price doesn't just depend on the #DevelopmentTeam . There are many other factors, like news, Bitcoin trends, altcoin activity, and more. Ethereum is a very interdependent project, so there will be many obstacles.

How far can ETH go? It has all the chances of breaking through the $14,000 level, as predicted by WalletInvestor some months ago. While the market isn't bullish, the asset still has good support. If this situation stabilises, we may see it hit $4,000 again and even higher.

In the following years, ETH may hit a maximum of $6,000. The only way to reach higher is through a pump. However, as we know, the bigger the pump, the bigger the correction will be. So, we should be realistic and predict that ETH won't reach a stable $10,000 until at least 2025.

ETH price prediction today

Ethereum faced many problems varying from technical to fundamental, such as political news or the community's sentiment. That's why it's very hard for this cryptocurrency to break out of each resistance level.

However, two things are obvious: ETH won't crash, and it won't lose its #2 ranking on CoinMarketCap for quite some time, if ever. Therefore, its price won't fall too far in the near future. What do you think?

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Re: StormGain is a crypto trading platform for everyone.
« Reply #249 on: October 12, 2022, 03:00:39 PM »
Has Bitcoin reached the bottom?

Bitcoin's consolidation around $20,000 has lasted 120 days, suggesting the formation of sustained support or a local bottom. When compared to the bearish market of 2018-2019, Glassnode sees repeating patterns in market participants' behaviour.

At the conclusion of the bearish trend in late August, after an active distribution of coins, a balancing phase came, And whales with wallets of 1,000 to 10,000 BTC have even switched to accumulation. The same trend in March of 2019 preceded a growth phase.



Another positive note is the net outflow from exchanges to the tune of 15,700 BTC initiated by the whales. This is the highest level since June of this year. The increased outflow suggests that the cohort is anticipating the coin's price to rise and is unwilling to sell in the near future.



However, when switching to time metrics, it becomes clear that too little time has passed for a real bottom to form. The Net Unrealised Profit/Loss (NUPL) indicator, the difference between realised profit or loss relative to market capitalisation, spent 301 days in the negative zone in 2014-2015, 134 days in 2018-2019 and only 88 days in the current phase.

The Long-Term Holder Supply in Loss indicator shows an even larger gap between cycles (periods in which over 30% of LTH supply is at a loss are highlighted separately). In previous cycles, the gap lasted between 6 and 10 months. This time, it was only about a month and a half.



Meanwhile, the macroeconomic environment remains tense. In addition to an outflow of capital caused by tightening monetary policy, another world financial crisis can't be ruled out. As such, the cost of insurance against default for Deutsche Bank and Credit Suisse has approached levels last seen in 2008. The banks are key regional players whose bankruptcy could trigger a chain reaction similar to what Lehman Brothers did.

The intensity of passion in the financial sector is unlikely to bypass Bitcoin, which is trying to gain a foothold around $20,000.



If we speak about the key support level to which Bitcoin could fall, $15,800 is a psychologically significant level. According to Glassnode's analysis, this is the coin's realised price for whales (>1,000 BTC) who have traded since 2017.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #250 on: October 13, 2022, 03:57:07 PM »
Who's behind Bitcoin's skyrocketing hashrate?

Bitcoin's total processing capacity jumped by 13.5% to 254.8 EH/s last week, and it's continuing to grow. In other words, new equipment is being connected at a rapid pace, despite the coin's relatively low price and the general decline in mining profitability.



Over 20% of the hashrate, or more than 54 EH/s, is provided by public miners, mainly US companies whose shares are traded on the stock market. Despite their disastrous situation (in terms of profitability), they continue to draw capital, acquire competitors and increase production capacity. Arcane Research estimates that public miners will increase capacity by 50% to 80.7 EH/s in the last three months of 2022.



The yield per hashrate of capacity has already hit a low, falling to 4.06 BTC per exahash, and Bitcoin is close to the cost of production, which Glassnode now estimates to be $18,300.



Combined with the decline in investment inflows, this leads to poor financial results for miners. For example, Core Scientific, which has the largest capacity, experienced a loss of $1.3 billion and was forced to sell 12,000 BTC in the summer, cutting reserves by 86%.



Stronghold Digital Mining was even less fortunate, having to say goodbye to the 26,000 ASICs it bought as collateral, while Compute North declared bankruptcy.

However, some players' weakness is encouraging others to act. Among publicly traded mining companies, Cleanspark stands out. It has plans to become a leader in terms of hashrate by the end of 2023, increasing its capacity from 1 EH/s in mid-2021 to 22.4 EH/s by the end of 2023. The company is doing this by buying ASICs at unprecedented discounts and swallowing up competitors. Its latest acquisition was Mawson in Georgia, which resulted in its total capacity reaching 4.7 EH/s.

Despite the half-billion-dollar losses, Riot Blockchain has an ambitious goal to triple its capacity to 12.5 EH/s in six months. Medium-sized players are also trying to keep up. Iris Energy intends to raise $100 million to acquire a struggling mining company, for example.

Declining profitability isn't putting a stop to competition between publicly traded mining companies. The opportunity to increase market share by buying weaker players and ASICs at low prices only fuels the excitement. The series of acquisitions will likely continue, with Bitcoin's hash rate approaching 300 EH/s by the end of the year.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #251 on: October 14, 2022, 01:32:56 PM »
87% of Tether addresses have been blocked in the last two years

Despite being registered offshore in the British Virgin Islands, Tether Limited has been highly loyal to major financial regulators for the past two years. For this reason, addresses are blocked both at the request of intelligence services and when Tether detects activity it considers suspicious.

Whale Alert revealed that three addresses containing a total of $8.2 million were frozen on 10 October. Overall, 72 addresses have been blocked in the past 13 days. By comparison, half as many were blocked in all of 2019.



795 addresses are currently blocked. They contain a total of $444 million.



For users, this means that no transactions can be made, and in the event of a complaint, disputes are dealt with exclusively by the court in the company's place of registration.

Under the user agreement, Tether has the discretion to impose sanctions on those who violate the rules. A complete list of prohibited activities can be found on the company's website. In short, any violations of regional or international law (including sanctions of any kind) and its own regulations will be dealt with.

For its part, Tether makes no promises of any future exchanges and warns of the lack of reserve insurance and the risk of an unexpected drop in its value, with all the consequences that entails.



Tether's efforts to block addresses come from a desire to retain leadership and mitigate claims by financial regulators for a number of faults. USDC from Circle, a company registered in the US that exclusively uses fiat and US Treasury bonds as its reserve, is challenging the stablecoin market. Tether, on the other hand, still has commercial liabilities in its assets (printing and issuing USDT in exchange for debt receipts), and the company is under legal investigation for pumping Bitcoin.

It's accused of inflating Bitcoin's price with Bitfinex in 2017 when the cryptocurrency rose from $2,300 to $19,000, and USDT's capitalisation jumped from $100 million to $2.2 billion. The plaintiffs are asking the court to prove the validity of printing such an amount of stablecoins.



On 20 September, the court demanded financial statements from the company on the movement of funds, including any cryptocurrency transactions and transfers to third parties. The lawsuit, which began back in 2019, intensified before the passage of a US law on stablecoin issuers. Things are taking a bad turn for Tether, where loyalty alone may not be enough to maintain good relations with regulators.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #252 on: October 18, 2022, 12:15:45 PM »
National currencies' declines raise interest in Bitcoin

For over 120 days, Bitcoin has consolidated around $20,000, despite the US Dollar Index's 7% increase and weakness exhibited by most national currencies. The cryptocurrency's persistence has led to increased fiat-to-Bitcoin exchanges in recent months.



Q3 results show Bitcoin experiencing nominal growth versus the US dollar, while the British pound fell by 8.2%, the Australian dollar by 5.6%, the Japanese yen by 6.0%, the Turkish lira by 9.8% and the Euro by 6.6%. This divergence caused a surge of interest in the cryptocurrency. As a result, in September, the Bitcoin/GBP pair more than doubled in trading volume, and the Bitcoin/AUD pair increased by 65%. BTC per month.



After a summer stagnation, the Chicago Mercantile Exchange (CME) saw an increase in interest in Bitcoin futures, rising by 53.6%, or 279,852 more contracts versus August, which is a record for the last 18 months.



Interest in Bitcoin is growing amidst ongoing inflation across the global economy and the expected rate hike by the US Federal Reserve in early November. The central bank's current efforts aren't producing meaningful results, as consumer price growth in the country remains strong (8.2% in September), and core inflation rose by 6.6% to its highest level since 1982.

This year, the Fed's key interest rate rose from 0.25% to 3.25%, bringing up rates on mortgages, consumer loans and business loans in its wake. Treasury bonds have also seen their yield rise. All this leads to investors wanting to sit out the storm with reliable instruments, even if they don't have the highest yield. An outflow of capital is being seen from high-risk assets to bonds, as well as from various countries to the United States.



Against this background, the stability and relatively low cost of Bitcoin look increasingly more attractive every day. If Bitcoin can hold up against the Fed's November rate hike, it will spark a new wave of interest in the digital asset.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #253 on: October 19, 2022, 12:17:35 PM »
Censored Ethereum blocks reach 52%

In Satoshi Nakamoto's article, cryptocurrency assumes independence from financial institutions and regulators, achieved by decentralisation and the absence of intermediaries in transactions. Ethereum was created this way, but the network's features and the move to PoS led to increased centralisation, and the proportion of censored transactions (which comply with US regulators' requirements) reached 52%.



Here's a simple explanation of the problem. Decentralisation involves maintaining the network on multiple computers worldwide, where each miner/validator has the same weight and is guided solely by matching technical parameters when assembling transactions into blocks. It doesn't matter who sends the funds or to whom. The main thing is that everything works smoothly.

Lately, Ethereum has been moving further away from these principles. The first reason is the use of arbitrage bots. To maximise blockchain assembly (MEV) profits, bots look for transactions with maximum rewards and merge them into Flashbots and similar services, where validators pick them up (read more on how it works on the Bitmex blog).

Of the five largest services, only Manifold and bloXroute don't censor transactions. In other words, if the validator uses Flashbots, it won't be able to process a transaction with sanctioned addresses to/from Tornado Cash, for example. As a result, Ethereum's censorship rate (or the proportion of transactions compliant with US Treasury regulations) has reached 52%.



The second problem with Ethereum is the consolidation of block building in the hands of the biggest players. For the average crypto-enthusiast, even at current prices, staking a block of 32 ETH (~$42k) is an expensive endeavour. As a result, many investors use pooling services such as Lido Finance to generate passive income.



Because of this, the top five validators process 64% of the network's transactions. For financial regulators, this concentration of power makes it easier to monitor and censor. The Securities and Exchange Commission (SEC) has already targeted blockchain technology, designating coins to be similar to securities.

As for Ethereum specifically, however, consolidation could result in an unwanted hardfork in the future when the largest players support a branch that benefits them. This makes talking about the decentralised nature of cryptocurrency all the more difficult.


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Re: StormGain is a crypto trading platform for everyone.
« Reply #254 on: October 20, 2022, 03:22:25 PM »
Bitcoin: the quiet before the storm

Bitcoin is rightly considered a highly volatile instrument, and, in most cases, rare periods of prolonged consolidation are followed by significant price movements. Its price has been fluctuating around $20,000 for four months, which suggests increased volatility in the near future.



The chart below highlights periods with volatility below 28%. Coupled with the ongoing bearish trend and more than a week of stagnation, this marks imminent strong movement and a subsequent market reversal. At this stage, the pattern is just beginning to form, and the formation of a bear trap (a sharp drop before the bull run) can't be ruled out.



The approach to the price bottom is also indicated by the level of extreme stress among long-term holders.



At the same time, a number of indicators are showing an increased interest in Bitcoin. Thus, open interest in Bitcoin futures increased by 80% after the Terra project collapsed, reaching an all-time high of 633,000 BTC.



The use of leverage relative to Bitcoin reserves on crypto exchanges is also growing. This indicates both increased speculative demand (to maximise profit during low volatility, traders resort to increasing leverage) and a narrowing of liquidity. In the event of a strong price movement, there will be a wave of liquidations that will lead to even more volatility.



The US Federal Reserve has raised its key interest rate by 0.75% at its last three meetings. The regulator's next meeting will take place in 15 days, where there is a 96.5% probability that the interest rate will be raised by another 0.75%. However, the growing risk of a recession, brought on by monetary tightening, may cool the regulator's ardour.

Even a small retreat and a 0.5% rate hike could cause premature optimism in the markets, as investors will try to time the Fed's reversal in the coming year. At the same time, the regulator's retreat wouldn't necessarily mean that a favourable investment environment has arrived since the macroeconomic situation continues to deteriorate.


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