Skip to main content

JPMORGAN BELIEVES THE BOTTOM HAS ALREADY BEEN REACHED



 JPMorgan believes the merger will result in encouraging market metrics

In a note Monday, analysts at JPMorgan Chase took a close look at the current state of the cryptocurrency markets and offered their opinion on it. They argued that crypto markets have “found a bottom” in recent weeks, as reported by CNBC .


The analysts cited the apparent end of the contagion pumped into space by the LUNA crash and 3AC debacle, among others. With the above and similar events behind the markets, JPMorgan believes that cryptocurrencies can only go higher from now on looking ahead.


They have highlighted two likely catalysts for the bulls' recent comeback. The first is the easing of the effects of the problems like LUNA, 3AC and Voyager Capital.


According to the analysts:


We believe contagion was limited by the Terra/Luna collapse.

Still, analysts pointed out that the second catalyst is the main reason for the encouraging market metrics. The second catalyst is the current hype about the upcoming Ethereum merge. They added that the successful deployments of the Ropsten and Sapolia testnets indicate the upcoming reality of the merger.


JPMorgan Cryptocurrencies

The crypto market is currently “down”

These comments from JPMorgan analysts come at a time when markets are facing stiff resistance from bears. The brief recovery that followed an extended period of consolidation has stalled lately.


Assets are falling to the lows of the past few days. At least until yesterday, because a few hours ago the new inflation figures from the USA were announced.


The cryptocurrency industry will come back very strongly

According to the CEO (Kris Marszalek) of Crypto.com, the cryptocurrency industry is going to come back very strongly in the future.


Crypto.com's strategy is very clear: it continues to try to expand and enter all major markets globally, especially the market in Korea seems to be important for the company.


In fact, as of now, no one can say exactly how this 'recovery process' will play out, but it is also clear that due to the benefit of technology to the entire sector, it will come back stronger than expected.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

Kadena: What Is KDA And Is It A Good Investment?

The price of Kadena has rallied in the past few days.  The KDA token has risen to $ 20, up about 28% from this week's low.  It is also slightly below the all-time high of $ 28.  The total market capitalization is more than $ 3 billion. What is KDA and is it a good investment? The smart contracts industry has seen strong growth this year.  While  Ethereum  still  ranks  first, other smaller networks are gaining momentum.  Most of these competing projects try to prevail by building platforms that are easy to use and relatively fast. While Ethereum is a good smart contracts platform, it also has its limitations and challenges.  For example, it's one of the slowest smart contract platforms out there.  It can process fewer than 20 transactions per second.  In addition, the transactions are relatively expensive. Newer projects like Solana, Binance Smart Chain (BSc),  Avalanche  and Algorand are better than Ethereum in many ...
Post a Comment
Read more

Iota course forecast - course is on the verge of an explosive outbreak!

  In our last  Iota price forecast  , we wrote that the price could break out soon.  The price has formed a symmetrical triangle in the weekly chart, which is why we have assumed an outbreak, or still assume.  In the last week, the crypto market has lost a lot of its value, which is why the Iota price has also fallen sharply.  But how could the course continue?  Are we still in the triangle and can we still talk of a bullish breakout?  We'll tell you today about the Iota course! The Iota price could fall due to the sell-off in the last week to the lower trend line of the triangle, which is why there is now a good buying opportunity.  We are currently receiving strong support.  Next, we expect an upswing to the upper trendline or possibly a breakout of the triangle.  Should we move higher from here, we expect a bullish breakout.  However, if this week turns out to be bearish again, the price could break out of the triangle and w...
Post a Comment
Read more