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Messages - rasangaya

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106
Bitcoin enters new week with $8.8K and $9.4K in play, which will it be?




Bitcoin has come out of the weekend looking strong. Last week was marked with violent volatility that ended with Bitcoin going into the weekend just above critical support. Last week’s volatility saw Bitcoin drop from the $9,800 resistance to support of $8,800 in a matter of hours.

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107
Here’s The Real Reason Why Ripple’s XRP Has Performed The Worst Among Large-Cap Cryptos






Ripple’s XRP has had a disastrous time over the last two years. In a period where other large-cap cryptocurrencies have been attempting a comeback, XRP has lagged behind significantly. As reported by ZyCrypto earlier, the digital asset emerged as the worst performer among the top 20 cryptocurrencies during the first quarter of 2020.

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108
Here’s what could happen if 10% of Ultra-High Net Worth Individuals decide to buy Bitcoin






As revealed by the Bitcoin stock-to-flow creator, ‘Plan B’ in a recent tweet, there are more than 200,000 ultra-high-net-worth individuals (UHNWI) in the world. These individuals’ net worth isn’t lesser than $30 million. Their investment would, therefore, be instrumental should they decide to get into the crypto space.

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109
Survey: 60% of Crypto Twitter Thinks Tron 4.0 is Superior to Ethereum 2.0




60% of the crypto community on Twitter think upcoming update, Tron 4.0 is way better than the long-awaited ETH 2.0, according to a Twitter poll conducted by Tron founder himself, Justin Sun.

Tron 4.0 is on the lead with 59 percent (27,398 votes), beating ETH 2.0 which has attracted 41 percent (19,025 votes). While Twitter polls aren’t scientific, they are often a proxy for public opinion. With 46,404 votes, it is clear that an overwhelming majority believe Tron 4.0 is superior to ethereum 2.0.

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110
Does Tether Have What It Takes to Dethrone Ethereum After Usurping XRP?



Tether finally overtook XRP’s spot in the list of cryptocurrencies with the largest marketcap. Will it have what it takes to dethrone Ethereum?.

The Tether Treasury could be standing in a whole new arena on its battle for the dominance of the crypto ecosystem, with Ethereum on its focus as the last objective before the main boss: Bitcoin — something that seems impossible due to its marketcap of over $165 billion.

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111
Vitalik Buterin on ETH Rivals: “Ethereum Has a Lot of Room to Succeed and Prosper”






Ethereum’s co-founder Vitalik Buterin has been a popular figure in the crypto industry for years, and has been touted as one of the most influential players that have greatly contributed to the development of the popularity of the blockchain technology. Ethereum has done well to hold tight onto the number two position on the charts – just a number down from Bitcoin that is the top crypto.

Its forthcoming upgrade, ETH 2.0 has been in the works, a significant network innovation that has long been expected to usher in great changes in the industry. However, as usual, critics have moved to argue that the new network isn’t really that special or effective. On his part, Vitalik has sought to respond to the critics and rival networks by way of embracing competition.

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112
Bitcoin Leaves Banking Stocks In The Dust As IMF Warns Banks Are In For Major Losses




The financial crisis exposed by the Covid-19 pandemic has worsened financial vulnerabilities across the world. A new report from the IMF has shown three potential weak spots that can amplify the financial conditions, causing more instability or a worsened financial crisis. These are risky segments in global credit markets, emerging markets, and banks.


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113
Blockchain.com claims to make up 1/3rd of all BTC transactions, sets sight on 1 billion wallets by 2030






Blockchain.com launched way back in 2011 when the crypto space was fairly green. Since then, the company has gone on to become one of the most popular crypto companies in the industry. Blockchain.com now manages upwards of 50 million crypto wallets created on its network.

A Billion Wallets Projection
Having been in existence for almost a decade and survived the various upheavals that have hit the crypto market over the years, Blockchain.com is now setting its eyes on the future, with the latest projection covering the next decade going up to 2030.

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114
Number Of Ethereum Addresses Holding Over 100 ETH Hits New All-Time High





Ethereum, just like many other cryptos including Bitcoin, has been trading sideways for basically the past month. Currently trading at $207 after a decent bull break yesterday, Ethereum eyes up to $217 again, a key resistance level before $220.

Bulls have been trying to break and close above $217 for weeks and they have always been rejected heavily. This area of resistance is crucial for Ethereum and bulls need to break it in order to have a chance of seeing ATHs again.

However, despite a major rejection back in May 10, the interest in Ethereum seems to be growing and could help the bulls secure that $217 level.

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115
“It’s Sizable”, Winklevoss Twins reveal they own a substantial amount of Ethereum






As is a fact, the people who adopted cryptos early enough have bagged huge accumulations as cryptos like Bitcoin and Ethereum shot up in price over the last decade. The Winklevoss twins are among the few early Bitcoin adopters, and they’ve been known to possess a vast amount of Bitcoin. In fact, they are among the few smart people who have become billionaires courtesy of cryptocurrencies.

While the twins have been largely known to own Bitcoins, it’s not until recently that the crypto community realized that they also hold a ‘sizable’ amount of Ethereum (ETH). In a recent interview, the twins admitted to owning ETH besides their huge cache of BTC.

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116
Why this pundit expects November to be huge for Bitcoin, projects price at over $20k





The short-term for Bitcoin is looking quite bearish as bulls have lost the $9,000 level and the daily ascending channel. Bitcoin is currently trading at $8,764 as bulls keep losing strength. Not everything is lost for them but it’s clear the short-term is shifting in favor of the bears.

The daily chart can still be considered to be in an equilibrium pattern with the last low at $8,117. If the bulls can hold this level and set a higher low, they can still easily turn the tables around. For now, Bitcoin is looking at $8,700 and $8,500 in the next few hours if the bearish pressure continues.

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117
Arthur Hayes: More Prominent Investors Could Catch the Bitcoin Bug as BTC Thrashes Inflation




Despite the world’s turmoil, BitMEX CEO Arthur Hayes still dedicates time to study the market. While listening to finance gurus, he writes down important thoughts to share.

One biggest insight is that negative interest rates could destroy the banking system. The negative interest rate was close to improbable in the last few years. However, the situation is now totally different, and it’s a good sign for the gold industry. Arthur points on the stats: ‘every time rates in the U.S. go negative, gold miners increase profits, even if the price of gold isn’t soaring’.


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118
New Bull Market Signal? Bitcoin On-Chain Demand Growing Stronger Post-Halving




Bitcoin’s halving event is done and now investors and experts are waiting for the next step. The digital coin before the halving event picked up positive sentiments that saw its embark on a steady bullish run. In order to gain an in-depth knowledge of how Bitcoin is performing after its halving event, its on-chain metrics and analysis are then called to play.


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119
Bitcoin Bulls Need To Hold This Crucial Level To Have Chances At Breaking $10,000




Bitcoin bulls have been fighting to break $10,000 for months now. Bitcoin has been rejected several times from this doomed level, however, the last time that happened, just 2 weeks ago, bears had a lot of continuation but the bulls managed to buy the dip and push Bitcoin back above $9,000 and tried to break $10,000 again.

Around 6 days ago, Bulls tried to break $10K again hitting only $9,950 but again, the bearish continuation hasn’t been strong enough.
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120
Binance CEO CZ says data shows more holders outperform traders, reveals Bitcoin’s fair price





Changpeng Zhao, the Chinese-Canadian founder and CEO of the world’s largest crypto exchange, Binance recently shared a thought on what the future holds for the cryptocurrency space.

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