Here’s why simulations of Bitcoin’s post-halving price may disappoint investorsBTC $6877 (-0.4%) • ETH $172 (-0.5%) • XRP $0.18 (+0.1%)
Bitcoin’s upcoming mining rewards halving has been looked upon as a potentially bullish catalyst for the cryptocurrency for years, with many investors predicting that the impact it has on its miner dynamics will help boost BTC’s price. It is important to note, however, that there are some problems with this notion, and a recent report from a crypto hedge fund suggests that bullish halving narratives are underpinned by false assumptions. Now, a statistical model that has accounted for a plethora of post-halving pricing possibilities seems to support this theory, with only a small minority of simulations accounting in any highly bullish price action in the time directly following the event. More news ⏬With Cardano’s (ADA) Shelley on the way, long-term plans are being set
Charles Hoskinson, the CEO of IOHK, joined in on an episode of The Cardano Effect podcast to go over some of the details regarding the launch of Shelley. This top crypto company is returning to work as South Korea coronavirus outbreak slows
At long last, the coronavirus outbreak is starting to slow. As a result, individuals in some parts of the world have been allowed to go back to work. Data shows the community of Chainlink “marines” is growing exponentially
Chainlink stole the cryptocurrency market spotlight after the wild price action it has gone through so far this year. Bitcoin hash rate has boomed 64% since March’s lows in trend positive for price
When Bitcoin fell from $7,700 to $3,700 within 24 hours in March, investors were claiming that the cryptocurrency was toast. Shapeshift CEO Erik Voorhees: Bitcoin has an 80% chance it will hit $50k within a year
In a recent AMA session during the first-ever BlockDown remote crypto conference, Erik Voorhees, CEO of ShapeShift, gave his prediction about what the future holds for the flagship cryptocurrency. After burning 10% of its supply, here’s where Binance Coin could be headed next
Binance recently announced that it conducted its 11th quarterly token burn totaling $52.5 million worth of its native crypto, Binance Coin. What else?🌓 Analyst believes Ethereum’s ETH 2.0 will bring the largest economic shift in crypto 📈 Bitcoin ATMs grow by 70% adding over 3,100 machines worldwide 🐳 Bitcoin whale: only this sole fundamental factor would trigger sustainable rally Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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Here’s why simulations of Bitcoin’s post-halving price may disappoint investors