While exact predictions are impossible, we asked five experts about what they’re paying attention to in the crypto space for the rest of 2021:
It is important to understand the nuances of cryptocurrency as an investment tool
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[SPONSORED] Huobi Tech CFO Lily Zhang Discusses Global Crypto Development at Hong Kong Fintech Week
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While the recent price history suggests that a meaningful rebound is imminent, it is crucial to pay attention to Bitcoin’s interaction with the 50 four-hour moving average at $62,000. Any increase in selling pressure that leads to a break of the support level could invalidate the optimistic outlook.
In April 2017, Japan declared Bitcoin legal currency, which saw the price jump back up over $1,000. The total cryptocurrency market cap stood at around $26 billion at that stage.
The great thing so far about Safemoon Cash is not just being an awesome project, but the strong team and healthy community behind it. The project has been audited twice, which reflects the project’s proven rug pull-proof claims.
“I think this is all extremely bullish for Ethereum. It will have a pivotal place within the crypto industry (even in a multi-chain universe) and the onboarding of new users through e.g. BSC is valuable also for Ethereum.”
He appeared in a press release for them and “wholeheartedly” endorsed the scheme in a post to his 7million followers on Facebook.
See related article: Binance report: over 100 million people are now crypto users
4.0 out of 5 stars Interesting Book on One of the Most Important Discoveries of Our Time Fascinating book. Recommended for anyone who is interested in how great ideas get to market and how they can be smothered in their crib by government and, frankly, just bad management decisions. Some of the descriptions of encryption techniques get a bit heavy, but a) I was interested in that part too and b) if that is not your thing, jump ahead. Top reviews from other countries I've enjoyed Levy's other books on technology (beginning, a long time ago, with his classic Hackers) so was looking forward to reading his account of the development of modern cryptography. More specifically, the period he covers is from the mid-70s - when Diffie and Hellman solved the problem of distributing cryptographic keys, which immediately led to the development of public key cryptography - to the end of the 20th century, when the Internet was exploding in popularity and usage.
"[I] don‘t expect a majority of these coins to be sold, as many of the beneficiaries were into bitcoin very early on already." Testing Highs, Extending Rallies, Continuing Scams, Forking Out and 20 Crypto Jokes Some Chinese Crypto Websites ‘Still Operational,’ Says State Media
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Fig 6. Wavelet coherence between Ethereum new authors and price decomposed for different period bands (with GSADF test bubble overlay).
Any claims that a particular cryptocurrency confers total anonymity or immunity from legal accountability are worthy of deep skepticism, as are claims that individual cryptocurrencies represent foolproof investment opportunities or inflation hedges.