Cryptostreet

  The leading cryptocurrency trades at around $38,000 per coin, but Circle's CEO is optimistic that its value will skyrocket in the coming years . Jeremy Allaire, founder and CEO of Circle, said in a recent interview with Business Insider that he is optimistic about the long-term prospects of the cryptocurrency market . According to Allaire, the price of Bitcoin would reach $1 million in the coming years. Allaire added that its market cap would eventually surpass gold : "I'm not a 'bitcoin maximalist,' but if you're looking for a price prediction, I think we're absolutely going to see a million-dollar bitcoin over time ." Allaire added that he doesn't like the comparison between gold and bitcoin as he believes the commodity is a relic. He said: “I don't really like the 'digital gold' analogy because gold is such a relic. It has extremely limited value as a medium of exchange and has never had any utility as a form of money in modern soc...

 In our last Solana price prediction , we wrote about the fact that the price could rise a bit in the near future. The short-term target was around $114. The reason for the claim was an inverted head-and-shoulders formation. In the meantime, however, the price has moved rather less and was able to cross the current low at the time we wrote the article. But how could the course continue? Will we still go to $114 or even further? Or will we sink from now on ?  Solana price retested the neckline as support after we wrote the last Solana article. Since then, the price has also risen somewhat. We see the time since the last article as a sideways phase in Solana price. The price has bounced off around $97 many times and found support around $88. We stayed several days between the two levels. But now the course seems to be deciding on a direction. We can see this from the suddenly increasing volume. But where did the course break out from ? Solana price has formed a symmetrical trian...

  Cardano has reached a new milestone with a total of 1,000 smart contracts. This continues the excellent development of the network. Could 2022 be the year of the changing of the guard? Can Cardano break Ethereum's dominance ? Cardano reaches milestone: 1,000 smart contracts Cardano has only been able to play smart contracts since September with the completion of the Alonzo update. Since this introduction of smart contract features, there has been an explosion of smart contracts at Cardano. The network's native smart contract platform is called Plutus . The introduction of the function leads to an increasing load, the digital fill level on the blockchain. This has been rising steadily since then and is now at 90%. This means that the blockchain is now almost full of smart contracts.  Basho update aims to increase scaling The next step in the development of the Cardano blockchain is to increase scalability. With this, the network wants to dare an attack on fast blockchains suc...

  The Bitcoin price has fallen sharply in the past few weeks. But why is that exactly? This was due to a head-and-shoulders formation that had formed over the past few months. This formation is a bearish trend reversal formation. But how exactly is such a formation structured? Today we will explain to you how a shoulder-head-shoulders formation is constructed and what you should consider when using this pattern A shoulder-head-shoulders formation , as the name suggests, has two shoulders and a head. The head lies between the two shoulders and is the high point. The shoulders are under the head and find support at what is known as the “ neckline ”. That neckline in this case was around $41,140. Necklines are mostly normal horizontal supports as well. As soon as the neckline breaks, expect the Head-Shoulders to break out. The course of a shoulder-head-shoulders formation is as follows : 1. The course rises (important: the course MUST rise. Otherwise the formation would be invalid) 2....

  GALA is also still in a clear downtrend. This can be clearly seen from the red resistance line, which has stood in the way as resistance since the all-time high. We are currently trading at around $0.20, above the important monthly support S2, but still below the 4H-EMA ribbons, which represent additional resistance and we need to break through for an uptrend. Most recently, we compensated for the mid-December 2021 pump by falling back into the $0.16 area. Another dump in the region around 0.13 – 0.14 is still possible, since no further support has formed in between. On the hourly GALA/BTC 4H chart, we might see a small trend reversal. A bullish double bottom chart pattern has formed there. At the same time, we tested a strong support zone.  The trading volume has increased slightly. It is now important that we break through the area around 0.0000057 BTC. Here is the monthly resistance S2 and at the same time the resistance line of the chart pattern.  If we break this, ...