Connect with us

Banks

The Fractal That Puts Bitcoin at $100,000 Before Year-End

Published

on

Bitcoin has mostly consolidated beneath its all-time high from October. Cryptocurrencies like Ethereum and Solana have gone on to touch new all-time highs following the October rally but the same cannot be said for bitcoin.

BTC’s entrance into the new month has been unremarkable so far. The digital asset has mainly maintained its value above $61,000 despite wavering momentum. However, a flash crash on Wednesday put the digital asset at $60,000 for the first time since its October ATH.

Related Reading | Bitcoin ETF Inflows Slow Down As Altcoins Interest Rebound

The next big target for BTC has been the $100K mark by the end of the year. Various analyses have been put forward that places the digital asset at this price in December. None have come as close as this fractal from 2017 that sees BTC hitting the $100K mark before the year runs out.

Placing Bitcoin At $80,000

Before getting to $100K, the bitcoin fractal points at BTC rallying another 30% in November to land at $80,000. Crypto analyst Justin Bennett points this out in his weekly newsletter where he analyzes market movements to try to predict the direction of the digital assets.

BTC trending at $61K | Source: BTCUSD on TradingView.com

Bennett points out glaring similarities in the asset’s movements to that of a fractal from 2017. With one chart superimposed on another, the analyst shows that since June, bitcoin has closely followed this fractal from 2017. This means that this trigger has been in the making for over four months.

Furthermore, the accuracy of the movement to that of 2017 is striking in that it is almost identical. So, it is likely that the trends will continue to closely follow this fractal, and if it does, BTC is in a prime position to rally towards $80,000.

How It Gets To $100,000

Bitcoin sticking to the 2017 fractal is as important to its $100K mark as it is to $80K in November. The next two months will be market-defining for the digital asset going forward and if the fractal is followed as closely as it has been in the last four months, then $100,000 is conceivable by December.

One thing about fractals though is that they are not always an accurate measure of future value. They can just as easily deviate from an established path despite following the same trend for months. Bennett points this out in his analysis but also points to previous analyses that have put future value anywhere in the ballpark of $207,000 to $270,000.

Related Reading | FOMO Beware: Spot Bitcoin Buying Volume Remains Low, Despite New ATH

Basically, what this means is that the future of bitcoin, or at least for the last two months of 2021, is incredibly bullish. The fractal may or may not deviate. However, indicators point to BTC riding the wave to $100,000 by the end of the year.

The crypto analyst also points out that BTC peak cycles have gotten longer in recent times. So, even if BTC does not hit this price point in December, the cycle is expected to last into the first quarter of 2022, meaning that we could continue to see higher prices well into March next year.

Featured image from FreightWaves, chart from TradingView.com

Original Article: newsbtc.com

Banks

It’s Official! Online Retail Giant Newegg Confirms That It Will Accept Shiba Inu

Published

on

Major tech retailer Newegg Commerce Inc. (NASDAQ: NEGG) has officially confirmed that it will accept Shiba Inu (CRYPTO: SHIB). 

In a recent tweet, Newegg said, “Coming soon to Newegg…$SHIB”. 

Coming soon to Newegg…$SHIB https://t.co/BeRw6mfPmZ@Shibtoken @ShytoshiKusama #ShibArmy #Shib #friendshib #newegg #blackfriday #cybermonday pic.twitter.com/3TOehrhyJ6

— Newegg (@Newegg) November 26, 2021

Source: benzinga.com

Continue Reading

Banks

After Raising $5.3 Million, Astra Guild Ventures (AGV) Gears for Series B & Public Token Sale

Published

on

By

Astra Guild Ventures (AGV) has successfully raised $3 million for its Series A funding round led by some notable venture capitalists such as CSP DAO Inc, Halvings Capital Ltd, Oracles Investment Group, GDA Capital and Deltahub Capital.

The raised funds will be used for marketing AGV’s public token sale, covering operational and management expenses, and for the acquisition of new nonfungible tokens (NFTs) and equities on companies that develop play-to-earn (P2E) games.

At the time of writing, AGV has raised a total of $5.3 million after its Seed and Series A funding rounds. They have a total of 2,036 Axie Infinity scholars, 50,000+ Discord community members and 75,000+ Facebook followers. Recently, AGV has invested $800K in BMG, a Florida-based gaming studio behind the play-to-earn NFT games Kart Racing League and Realms of Ethernity (ROE).

AGV Series B and public sale

AGV is set to launch its Series B, or private token sale, on its website on November 17, 2021 at 2 pm UTC, and its public token sale on December 17, 2021. AGV has been audited by Certik.

What is Astra Guild Ventures (AGV)

Astra Guild Ventures (AGV) is a decentralized autonomous organization (DAO) that invests in NFTs, P2E games and other blockchain projects. The DAO aims to build a global community of investors, tech leaders, NFT and blockchain enthusiasts and P2E players.

AGV boasts itself as the first DAO and NFT gaming guild that completely discloses its real-time earnings through its earnings dashboard and has a completely verifiable and publicly available list of assets.

AGV will also be launching its DAO Governance Board where AGV holders are able to propose and vote changes on the DAO’s rules and decisions. This makes AGV one of the first NFT gaming guilds to fully launch a decentralized platform.

Transparency and growth: Driving reasons for investments in AGV

With a lot of projects launching in the blockchain and crypto space, finding the right project to invest in is difficult — this is exactly what the AGV investors realized and what made them trust AGV. The transparency features that AGV meticulously integrated into its operations as a DAO was one main turning point.

Astra Guild has its own earnings and governance dashboard integrated together to provide a one-stop platform to AGV holders where they participate and decide for the DAO and view their investment status. The rapid growth of the Astra Guild community has also been a factor, in just three months Astra Guild’s membership blew up to 51,000+ members, hailing it as one of the fastest-growing NFT gaming guilds in the world — clear evidence that the NFT and blockchain market is on the rise.

List of investors

Encrypted Investments Limited, Vespertine Capital, Three M Capital, GDA Capital, Kangaroo Capital, DEC.Ventures, CSP DAO, Connectico Capital, Halvings Capital, DeltaHub Capital, NFT Technologies, Oracles Investment Group, Mars Dao, Point3 Ventures, International Blockchain Consulting Group, Follow[the]Seed, Interstellar Ventures, CrowdCreate, Ruby Capital Singapore, Dot Finance LTD, NFT Stars Limited, GAINS Associates, Seedthrift Ventures, Almora Capital, BIP32 Ventures and Wolf of Markets. Some notable Angel Investors include Alexander Kondrashov, Moon Carl and Ronny Roehrig.

Anyone interested in joining Astra Guild Ventures’ Series B, may register here to receive instructions and announcements straight to their inbox.

AGV will be distributing 37,500,000 AGV with 10% to be released on Token Generation Event and the remaining 90% is subject to 12 months vesting.

 

 

Original Article: newsbtc.com

Continue Reading

Banks

Big Data Analytics in Retail Is Projected to Reach US$2.6 Billion by 2028

Published

on

Big Data Analytics in Retail is Projected to Reach US$2.6 Billion by 2028 Analytics Insight

Original Article: analyticsinsight.net

Continue Reading

Trending

Chimed.com