Plain talk about NFTs: What they have been and what they are becoming

Ark CEO Cathie Wood Is As Bullish As Ever, Sees Bitcoin Hitting $1 Million By 2030

Cathie Wood repeated her positive view on bitcoin this week at the Bitcoin 2022 conference in Miami, Florida. The Ark Invest chief executive forecasts the crypto will reach $1 million by 2030 in a presentation, Thursday. “We believe bitcoin has only just begun,” she told CNBC. “Institutions are only now catching up to individuals in terms of BTC adoption,” she explained. In recent weeks, BTC prices have fallen below $43,000 on many occasions and subsequently failed to make meaningful gains. The world’s top digital currency dropped to $42,534.90, down 8.1% in the last seven days, Coingecko data show, Saturday. Wood relayed the high-level prognosis from her company’s Big Ideas 2022 report during her Miami appearance. This contained the cryptocurrency’s lofty price target. The Vaunted Bitcoin Price Goal “Bitcoin’s price target for 2030 is greater than a million dollars per bitcoin,” Wood stated. Bitcoin 2022 Miami is the world’s largest gathering of crypto intellectuals and entrepreneurs. It is being held from April 6 to 9 at the Miami Beach Convention Center and has already attracted more than 35,000 registrants and over 7 million livestream watchers from around the world. According to Wood, bitcoin is the world’s first open-source, private digital rules-based monetary system. “It’s a pretty big notion,” the investor stated during her “The Future is Bright” conference, which she co-hosted with MicroStrategy CEO Michael Saylor, another major crypto proponent. Suggested Reading | BTC Helps Market Hover Past $2 Trillion As BTC Nears $48,000 BTC total market cap at $805.70 billion on the weekly chart | Source: TradingView.com Hedge Vs. Inflation Wood, 66, referred to the world’s most valuable cryptocurrency as a “hedge strategy against inflation.” She omitted, however, to note that the digital asset has fallen 27% in value over the last year, while inflation has soared. Consumer prices increased by about 8% in the 12 months to February of this year. Wood’s projection would imply a 25-fold gain in BTC’s recent price of $38,094. Wood noted that 70% of crypto investors keep their positions for the long term, which equates to approximately 13.6 million units out of over 20 million units of the cryptocurrency. The Best Is Yet To Come? Additionally, she noted that bitcoin, with a market capitalization of $830 billion, has seen a tenfold increase in liquidity. “That is only a preview of what is to come,” she remarked. While its market valuation surpassed the $1 trillion milestone in 2021, Ark’s analysis suggested that the cryptocurrency’s network fundamentals “remained healthy,” Ark analyst Yassine Elmandjra disclosed in a recent report. Meanwhile, institutional investors are increasing their exposure to BTC, according to Elmandjra. After the launch of more regulated instruments and adoption by enterprises and nation-states, Bitcoin’s institutional holder base appears to be expanding, she added. Suggested Reading | BTC Retakes Robust Position As Price Nears $45,000 Featured image from Forbes, chart from TradingView.com Bitcoinist @ Bitcoin 2022 Miami

Shiba Inu Coin Price Analysis and Forecast 2022-2030

In the last few weeks, it seems that all crypto investors are talking about the Shiba Inu token (SHIBA) while the financial media are writing…

The post Shiba Inu Coin Price Analysis and Forecast 2022-2030 appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.

LUNA Moves On Its Own Beat, Bulls Aim For New ATH

LUNA continues to display strength as the crypto market trends to the downside. Despite the current short-term increase in selling pressure, this cryptocurrency managed to enter uncharted territory, and its price action hints at more upside. Related Reading | Inside Terra’s $2.38 Billion Reserves, What Made The Lineup? As seen in the chart below, LUNA has been on its uptrend since August 2021. It briefly dropped towards the $40 area and resumed its momentum to $120. At the time of writing, LUNA trades at $87 with a 4% profit in the 4-hour chart. As Bitcoin and larger cryptocurrencies bleed under the pressure of a broad market downside, LUNA hints at the moon. The long-term fundamentals behind this cryptocurrency’s increase are still in place. The Terra native cryptocurrency and its ecosystem have managed to attract new users due to its products and staking mechanism. Two sides of the same coin, LUNA, and Terra’s stablecoin UST have taken over the DeFi sector. Recently, stablecoin became the third largest in terms of market cap. Only surpass by USD Coin (USDC) and Tether (USDT) with over $50 billion in terms of market cap, UST reached the $17 billion market cap and displaced BUSD. The increase in market cap could be interpreted as another metric of Terra’s adoption. The ecosystem has attracted attention due to its Anchor Protocol and this project’s 19% annual percentage yield (APY) for staking UST. Data from Token Terminal measuring LUNA’s transaction volume (in pink in the chart below) confirms the rise of the Terra ecosystem. This metric stood at less than $50 million in April 2021 and reached an all-time high of close to $3 billion. The increase in this metric seems to be correlated with LUNA’s price with an important uptick in November 2021, when the network saw the implementation of important updates. LUNA Has The Fundamentals And Other Factors To Sustain Its Rally As noted by a Terra user, the Anchor Protocol, probably one of the projects driven by LUNA’s current rally, continues to consolidate important partnerships and accessibility to different investment strategies. Recently, it announced deposits and withdrawals to the Mars Protocol’s Red Bank. In addition, Anchor’s ANC was listed on Crypto.com, one of the largest crypto exchange platforms, as Terra increases its computability with other networks including Polkadot and Avalanche. The user noted this ecosystem’s milestones: Anchor Protocol and Acala Network with help of Wormhole integrated to unite Terra, Polkadot DeFi ecosystems and to grow the decentralized stablecoin market. Hashed & Delphi Ventures co-lead seed round for Reactor Terra’s omni booster. Related Reading | Terra Users Heads Up, Why NEAR May Launch Native Stablecoin With A 20% APR Terra has also seen the deployment of new assets, liquidity pools, and the launch of the Terra Global Founder Fellowship program. This initiative is supported by Jump Capital, Hashed, Alpha Ventures, and others. 11🔸 @riskharbor redeployed a refreshed Ozone V1 Anchor $aUST protection pool. The capacity has increased by 200M. 12🔸 $UST is now available on https://t.co/Zeas4x8b3H Buy Crypto page. In addition, $UST / $USD and $UST / $USDT trading pairs are now live. ⤵️ — Helen | Everstake (@helen_everstake) April 18, 2022