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Arthur Hayes: 1 Yearn Finance (YFI) = $100,000

Avatar photoJohn P. Njui·
Arthur Hayes: 1 Yearn Finance (YFI) = $100,000 14
In summary: Arthur Hayes has boldly predicted that Yearn Finance (YFI) will hit $100,000 He made his prediction twice after YFI broke $27k and $32k YFI’s price is following a parabolic trajectory with no clear indication of where the top will be The Co-Founder and CEO of Bitmex, Arthur Hayes,...

Bitfinex Switches all Crypto Information Widgets to CoinGecko

Avatar photoJohn P. Njui·
Bitfinex Switches all Crypto Information Widgets to CoinGecko 16
In summary: Bitfinex now uses CoinGecko for its crypto information widgets The move was first announced on the 23rd of August by Bitfinex CTO, Paolo Ardoino This was after Mr. Ardoino pointed out that Coinmarketcap accounted for perpetual contracts from selected exchanges The crypto exchange of Bitfinex has officially switched...

DeFi Monthly Active Users Hit 292,000 in August

Avatar photoJohn P. Njui·
DeFi Monthly Active Users Hit 292,000 in August 17
Quick take: DeFi monthly active users have hit a new milestone of 292,000 in the month of August This is according to the team at Zapper.fi Furthermore, weekly active users have peaked at 99,686 Daily active users have almost hit 20k These figures dispel the notion that DeFi is only...

Report: Bitcoin’s (BTC) Weekly Chart Hints of a $10k Retest

Avatar photoJohn P. Njui·
Report: Bitcoin's (BTC) Weekly Chart Hints of a $10k Retest 18
In summary: A recent report by the team at Crypterium research postulates that Bitcoin could drop further The analysis is based on the weekly Bitcoin chart and predict a retest of $11k and/or $10k Furthermore, they cite a reduction of users as another warning sign based on Metcalfe’s law At...

Exit Your LINK Position Before it is Too Late – Zeus Capital

Avatar photoJohn P. Njui·
Exit Your LINK Position Before it is Too Late - Zeus Capital 19
In summary: Zeus Capital has requested LINK investors to exit their positions or risk losing it all Zeus Capital still maintains ChainLink (LINK) is vaporware The team has released a new report analyzing the attempt to liquidate them that started on August 2nd LINK is once again trading above $15...

XRP May Never Reach $1 Let Alone $10 – Crypto Analyst

Avatar photoJohn P. Njui·
XRP May Never Reach $1 Let Alone $10 - Crypto Analyst 21
In summary: Timothy Peterson’s recent analysis of XRP paints a stagnant future for the digital asset He explains that XRP may never reach $1 let alone $10 His analysis is based on low user growth and digital fiat threatening XRP He also points out XRP is one of Grayscale’s smallest...

Bitcoin (BTC) is Undervalued by a Multiple of 45x – Winklevoss Capital

Avatar photoJohn P. Njui·
Bitcoin (BTC) is Undervalued by a Multiple of 45x - Winklevoss Capital 22
In summary: Tyler Winklevoss has published a report pleading the case for a $500,000 Bitcoin value Published under Winklevoss Capital, the report states that BTC is undervalued by a factor of 45x Furthermore, the team at Winklevoss Capital believes that Bitcoin will cannibalize Gold and become the only long-term protection...

IOTA Risks Running Out of Cash and Falling by the Wayside – Weiss

Avatar photoJohn P. Njui·
IOTA Risks Running Out of Cash and Falling by the Wayside - Weiss 23
Quick take: The team at Weiss Ratings has warned that the IOTA project risks running out of cash.  Furthermore, Weiss believes there is no use case of IOTA’s Tangle network.  With crypto communities ditching projects, IOTA (MIOTA) could fall by the wayside.  The team at Weiss Ratings has provided an...

ChainLink (LINK) Memes Take Center Stage on Crypto Twitter

Avatar photoJohn P. Njui·
ChainLink (LINK) Memes Take Center Stage on Crypto Twitter 24
In summary: Crypto Memelord, CryptoChimp, has done what he does best by creating LINK Marine memes  Dave Portnoy has also contributed to the meme pool with his very own geared towards saving the ChainLink community Crypto twitter has applauded the creativity and quality of the memes.  Legendary crypto meme creator,...

Tether’s (USDT) Daily Trade Vol. Eclipses BTC’s, MarketCap Hits $13b

Avatar photoJohn P. Njui·
Tether USDT
Quick summary: Tether’s daily trade volume has eclipsed Bitcoin’s. Similarly, Tether’s 7-day average transfer value has flippened BTC’s. USDT’s market cap has now hit $13 Billion hinting that Tether could eventually edge out Ethereum This year, the stablecoin of Tether (USDT) has continually broken records. To begin with, in mid-July,...

Ethereum’s Correlation With Bitcoin Starts to Increase Once Again

Avatar photoJohn P. Njui·
Ethereum's Correlation With Bitcoin Starts to Increase Once Again 27
Quick take: Ethereum’s correlation with Bitcoin has started to increase once again.  In late June and July, ETH looked set to break away from Bitcoin’s influence due to the DeFi boom and investors anticipating ETH 2.0.  With a return of the correlation between Ethereum and Bitcoin, a drop by BTC...