Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes

Bitcoin no doubt had an eventful ride through the month of September. The month which usually carries promises of price dips and crashes, and overall low market momentum maintained its reputation. This led to a value loss of over 20% in the market, causing cryptocurrencies to tumble down in the market. For the majority of the market, it was a matter of holding on long enough for the month to run out.

Now that September is behind us, it is time to look forward. October has historically been known to perform in the complete opposite of its predecessor. This is when assets recover their lost value, and often the start of another rally that carries through to December. So while price predictions may have looked like wishful thinking through the bloody month of September, the new month may offer better trends that will see the price hit $100K before the year runs out.

Factors Moving Bitcoin Price

Green put forward the factors which he believed would drive bitcoin’s price to its new highs. Laying out five factors, the CEO explained in clear and concise terms why the price of bitcoin was set to surge. The first, Green said, was the Federal Reserves’ reluctance to ban cryptocurrencies. Speculations in the crypto space had been that the U.S. would follow the footsteps of China and banned cryptocurrencies. But the Federal Reserve had stated that it had no intention of doing so.

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Related Reading | Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He’s ‘Very Bullish’

The second factor put forward by the CEO was the increased interest in the crypto market by institutional investors. “There is sustained and growing interest from institutional investors, including Wall Street giants and major payment companies, who bring with them their capital, expertise, and reputational influence,” Green explained.

The third was the figures who were influencing the space. Green pointed to prominent figures like billionaire Elon Musk, Twitter CEO Jack Dorsey, and ARK Invest CEO Cathie Wood and their message, “crypto is the inevitable future of money.

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Technicals were the fourth driver of the bitcoin price surge. Pointing to previous halvings which have resulted in the price growing tremendously, Green says to expect the same amount of growth given that the last halving occurred in 2020, about a year ago.

Bitcoin price chart from TradingView.com

Bitcoin price chart from TradingView.com

BTC price maintains momentum through the weekend | Source: BTCUSD on TradingView.com

Lastly, the CEO points to the utility of bitcoin and how it has changed the way money is viewed and handled. “Cryptocurrencies, of which bitcoin is the most dominant, have already changed the way the world handles money, makes transactions does business and managed assets.”

deVere CEO Says $100K Is The Mark

deVere CEO Nigel Green has overall been bullish on the crypto market. Green has been vocal about his support for Ethereum and how he sees the altcoin taking over bitcoin in the market. But this does not mean that the CEO is any less bullish on bitcoin. In fact, Green has once again reiterated his support for cryptocurrencies with his latest prediction which puts bitcoin at the $100K mark by the end of the year.

Related Reading | Polygon Founder Says Ethereum Is Set To Replace Bitcoin As The Global Standard

Green recently reneged on his previous price prediction of $65K for bitcoin at the end of the year, which the CEO referred to as being “too conservative.” He maintains that the growing momentum if sustained could see the price of the digital asset hitting as high as $100K before 2021 runs out. “Even though Bitcoin’s place in the global financial system is already assured, this would be a truly landmark moment,” Green explained.

The recovery of bitcoin from the crashes which rocked it in September has increased the CEO’s faith in the pioneer cryptocurrency. The deVere boss believes that this current recovery trend will send the asset surpassing all of its previous all-time highs and setting new price records.

Featured image from Medium, chart from TradingView.com


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Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green

One look at the charts and any crypto investor will see Cardano is currently suffering. The digital asset is currently down with the rest of the market, which is suffering in the wake of the Evergrande situation in China. The market has been in a downtrend as the situation has evolved. Its biggest ties to the market being the fact that Tether allegedly owns some of the Evergrande bonds.

This has spilled over into the crypto market in a big way. Bitcoin fell to one-month lows with the news and as the altcoins have followed, Cardano has recorded receding prices also. Hitting lows that haven’t been seen since the rally began in August. Current indicators point to the market poised for further decline. But deVere CEO Nigel Green believes that while ADA may be down, it is definitely not out.

Cardano’s Streak Is Not Over Yet

Green explained his reasoning behind Cardano’s hot streak being far from over. The CEO cited the recent technological advancements in the project, namely the recent addition of smart contracts capability to the blockchain. Due to this, Green points out that the digital asset will be setting new all-time highs soon.

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Related Reading | Why The Hydra Layer 2 Solution Is Important To The Cardano Network

Talking to Insider, the CEO pointed out that Cardano currently has a reputation of being a “green” cryptocurrency. Along with a broader crypto market rally, Green sees the price of the digital asset hitting $4 by the end of 2021. Given the current price points of the asset, this would be a 91% increase to get to this point.

A major reason behind Green’s bullish stance on Cardano has to do with the applications of the network. The recent addition of smart contracts has now brought the booming decentralized finance (DeFi) market to Cardano. Once again increasing the use cases of the blockchain. The deVere CEO believes that its ability to solve problems is a major driving force.

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“Things you should be looking at are the purpose of the cryptocurrency, how long it has been in the market, market capitalization, and its underlying solutions. Cryptocurrencies that solve problems are likely to succeed more than those that do not. The longer a cryptocurrency has been in the market, the more trust it has attained, and cryptocurrencies that are developed on strong networks will stand longer,” Green told Insider.

Cardano (ADA) price chart from TradingView.com

Cardano (ADA) price chart from TradingView.com

ADA price falls to $2.11 | Source: ADAUSD on TradingView.com

Just As Bullish On Ethereum

Green’s bullish outlook does not fall solely on Cardano. The CEO also explained that he was just as bullish on Ethereum. Reasons for this were basically identical to the ones given for Cardano. Their vast use cases make both projects important to users and are thus poised to rally higher in the market. Investor interest has also grown in the project, which has made it more valuable than most projects in the market.

Related Reading | Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed

Ethereum, according to Green, is going to outperform bitcoin. Although the pioneer cryptocurrency will certainly return to its previous all-time high before the year ends, says the CEO. Giving bitcoin a price growth of 50% going further. Not surprisingly, given his stance, Green believes that Ethereum will trade higher than bitcoin in the next five years.

Featured image from Investors King, chart from TradingView.com


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Ethereum’s rise to No.1 crypto ‘seems unstoppable’ says deVere Group CEO

The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021.

The deVere Group chief executive Nigel Green also believes that Ethereum’s value will exceed that of Bitcoin’s within a few short years.

“Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he said.

Ethereum has gained more than 300% so far this year whereas the world’s most popular digital asset is up 55% by comparison. “In fact, it has outperformed all other benchmark assets in the first half of this year,” added Green according to City AM.

The respected analyst attributed two key factors to Ethereum’s stellar performance in 2021. Ethereum has a higher level of real-use potential and is the most in-demand development platform for smart contracts he said, “thereby highlighting that network’s value not only as a platform for developers but as a worldwide financial utility,”

Secondly, Green commented that investor enthusiasm for the “game-changing” transition to ETH 2.0 represents a major boost not just for Ethereum, but for blockchain technology itself.

“Ultimately, this will mean that its value will exceed that of Bitcoin — probably within five years,”

The company executive isn’t bearish on Bitcoin however and remains confident that Bitcoin will hit, or even surpass, its mid-April all-time high of $65,000 by the end of 2021. However he concluded that:

“Ethereum’s ascent to the top of the cryptoverse seems unstoppable.”

In early June, deVere launched a fixed-yield bond that tracks futures of Bitcoin and Ethereum on the Chicago Mercantile Exchange.

Related: Ether already ‘flippening’ Bitcoin, says Celsius CEO

According to U.K. crypto exchange CoinJar, Ethereum has flipped Bitcoin in almost every metric that matters. In a blog post on Aug. 18, the exchange stated that Ethereum is already surpassing Bitcoin in a number of areas, including the number of transactions, total value transacted, daily active wallets, transaction fees and mining revenue.

According to Coinbase’s second quarter report, trading volume for Ethereum flipped that for Bitcoin for the first time in its nine-year history.

Trading in ETH made up 26% of total volumes in the second quarter, up from 21% in the previous three months, and higher than Bitcoin’s 24% for the period.


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