Page 1,390«..1020..1,3891,3901,3911,392..1,4001,410..»

Ethereum up 20% in April while Markets Pro sees 379% gain in one day – Cointelegraph

Cointelegraph Markets Pro stunned traders on April 8 with a massive 379% gain from a single alert. The AI-powered crypto trading platform detects market-moving events as they happen. One of the indicators pointing to these events is the VORTECS Score.

On April 7, OG Fan Token (OG) was getting ready for a remarkable rally. OG Fan Token is a cryptocurrency created for esports clubs to interact easier with their fans. In partnership with the blockchain mobile application Socios.com, the OG esports club powered by the Chiliz (CHZ) token aims to enhance the sporting experience. OGs rally this week was followed by an interest spike in fan tokens likeManchester City Fan Token (CITY) andFC Barcelona Fan Token (BAR).

The token was trading at $2.90 when its VORTECS Score a historical snapshot comparison between current and past market conditions for individual coins rose above 75. Over the next 24 hours, OGs price skyrocketed to $13.90. Thats a remarkable jump of 379%!

Five days later, traders could have captured additional gains as OG took off again. On April 13, a VORTECS Score of 80 lit up. Over the next 24 hours, the token saw a rapid rise of 40%.

Anyone with access to Markets Pro had a chance to capture these gains, which stand in stark contrast to Ethers (ETH) performance so far in April. Ethereum had the historic Shanghai Capella upgrade, allowing token withdrawals to be made from the deposit contract.

The upgrade effectively unlocked $36.4 billion in staked ETH and drove the coins price from $1,775 at the start of April to as high as $2,132 a lackluster gain of just over 20%.

Cointelegraph Markets Pro, on the other hand, delivered multiple alerts that led to significant gains in the underlying tokens associated with those alerts. A summary of these results is provided in the weekly VORTECS Report. Since March 26, a number of winning trade opportunities have stood out.

RPL was one of many high VORTECS assets this week! On April 13, a strong score of 80 was flashing when the asset was trading at $42.18. The price soon began a sharp ascent, peaking at $60.97 on April 17! Thats an increase of 45%!

A green score of 75 also briefly flashed on April 15 when RPL was trading at $52.53. Traders who bought this price point couldve seen a 16% gain in just two days!

RPL is the utility and governance token of Rocket Pool, a liquid staking protocol on Ethereum. The project is the first Ethereum staking pool that is fully decentralized.

SXP appeared on the Tweet, Trade, and Most Active On-Chain 24hr charts from March 2831. At the time of its appearance on March 28, it was trading at $0.29, and on April 3, it peaked at $0.764. Thats a whopping increase of 163%!

SXP is the native token of Swipe, a cryptocurrency wallet ecosystem that allows easy exchanges of fiat money on different transactions and trading platforms.

ICX topped the Trading Volume chart on April 2 when it was trading at $0.282. Just three days later, its price rose to $0.464, an impressive increase of 76%!

ICX is the native token of Icon, a blockchain network that aims to create a digital economy in which the Icon Network hosts other blockchain-based networks.

Cointelegraph Markets Pro delivered more than 204 alerts that led to double-digit gains in 2022. That is an average of four winning alerts per week and 17 winning alerts per month. This year, the crypto trading platform continues to alert members to these kinds of potential winning trades regardless of market conditions.

With new upgrades to the platform, Markets Pro 2.0 now includes not only the legacy AI indicators, such as the VORTECS Score and NewsQuakes alerts, but also a diversified range of new indicators including Top Exchange Inflows, Top Exchange Outflows, and Most Active On-Chain.

The additional indicators offer members of the Markets Pro community an opportunity to find more trading opportunities than ever before.

See how Cointelegraph Markets Pro delivers market-moving data before this information becomes public knowledge.

Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial adviser before making financial decisions.

All ROIs quoted are accurate as of April 24, 2023.

Here is the original post:

Ethereum up 20% in April while Markets Pro sees 379% gain in one day - Cointelegraph

Read More..

Former Ethereum miner CoreWeave raises $221M in Series B – Cointelegraph

On April 20, specialized cloud provider CoreWeave announced that it had secured $221 million in a Series B funding round, putting the company on track to expand operations and increase capacity in various emerging technologies.

The raise was led by Magnetar Capital with contributions from NVIDIA and rounded out by Nat Friedman and Daniel Gross. In November 2021, CoreWeave secured a $50 million investment from Magnetar Capital.

According to CoreWeave, the money will be used to expand its cloud infrastructure for computational workloads such as artificial intelligence, machine learning, visual effects, rendering, batch processing and pixel streaming. The firms CEO and co-founder, Michael Intrato, said NVIDIAs support would help the company continue to scale.

Founded in 2017, CoreWeave uses cloud technology to scale graphics processing unit (GPU) computational resources that the company claims are 35 times faster and 80% less expensive than competitor solutions. The firm started as an Ethereum miner, utilizing GPUs to verify transactions on the former proof-of-work blockchain.

In September 2022, Ethereum completed its much-anticipated Merge upgrade, transitioning the network into proof-of-stake from the previous proof-of-work protocol. The move rendered the practice of Ethereum mining and, subsequently, Ethereum mining GPUs obsolete. That said, CoreWeave ceased its Ethereum mining operations long before the Merge was completed.

Magazine: Heres how Ethereums ZK-rollups can become interoperable

Follow this link:

Former Ethereum miner CoreWeave raises $221M in Series B - Cointelegraph

Read More..

Hong Kong Welcomes Chinese Banks, As Bitcoin Dips; Ethereum … – Analytics Insight

Hong Kongs push to become a crypto hub has opened up new opportunities for Chinese state-affiliated banks and crypto companies despite a blanket ban on crypto-related activities in mainland China. Meanwhile, the Big Both of crypto, Bitcoin and Ethereum are facing their own changes after the Shanghai Upgrade. Next in the market, is the brand new Signup token, inching closer to its launch, but not just yet. Read till the end to know more!

Chinese banks have shown interest in building partnerships and onboarding regulated crypto companies in Hong Kong. Since crypto trading has been banned in the mainland since 2021, state-affiliated banks in China have shown interest in building partnerships and onboarding regulated crypto companies in Hong Kong. These banks are looking to leverage the provinces development to tap into the ever-expanding world of cryptocurrency.

After the restriction of a security crackdown and COVID regulations, Hong Kong is emerging as a financial hub for cryptocurrency in China. The Hong Kong government seems to be serious about this development, as confirmed by Xiao Feng, chairman of the exchange HashKey. This exchange itself was visited by 13,000 people on its first day at the recent Hong Kong Web3 Festival.

Much to the dismay of optimistic watchers, Bitcoin (BTC) witnessed a dip below the $30k level: decrease of 1.12% on the $29,996 mark. The coin surged through the week by 5%, peaking at $31,005 on Friday, before fluctuating over the weekend. Meanwhile, after a continued 12% week-long surge post the Shanghai upgrade, Ethereum (ETH) is at the $2101 mark, a 134% increase since the lowest value in June last year.

SignUpToken.com is a new altcoin that is similar to other cryptocurrencies but has some unique features. They focus on offering a secure and decentralized platform for digital transactions using ERC-20 tokens. Their platform is user-friendly and easy to use, catering to both experienced and inexperienced users.

However, the standout feature of SignUpToken.com is its low, or no cost of entry. Thats right, users can join their DeFi ecosystem by simply providing their email address without paying anything. Additionally, they have a referral system that incentivizes users to invite their friends to sign up. The platform offers other benefits, including fast transaction processing times, low fees, a hardware wallet, and a robust email validation system to prevent fraudulent sign-ups.

With more than 4500 sign-ups already in the Millionaires club, you could also join the exclusive group. Simply provide your email address, and they will alert you when they start on Uniswap. This could be the email that changes your life!

In conclusion, the crypto space seems to be on its way to include the Chinese community of investors as well. SignUpToken.com is leveraging blockchain technology to provide financial safety to users and is positioning itself as the next big crypto in the market. Ethereum and Bitcoin have shown opposite trends after the Shanghai Upgrade, which is a testament to the volatile nature of the market. Investors must sign up now for SignUpToken.com and benefit from its referral system by inviting their friends. With SignUpToken.com, users can be part of the next big thing in crypto.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Read more here:

Hong Kong Welcomes Chinese Banks, As Bitcoin Dips; Ethereum ... - Analytics Insight

Read More..

Ethereum’s Vitalik Buterin Speaks With Indian Guru Sadhguru – Watcher Guru

Ethereum (ETH) co-founder, Vitalik Buterin recently spoke with Indian mystic and founder of Isha Foundation, Sadhguru on reState Foundation. The two discussed the meeting of technology and human awareness and consciousness.

Buterin opened the discussion by explaining what blockchain technology is. According to the 29-year-old programmer, blockchain is about human coordination and interaction with each other. He said the technology is about helping peopletrust each other more, to collaborate across larger distances on many different kinds of projects.

Moreover, the conversation noted a widening gap between the rate of technological innovation and the development of human ethics and consciousness. Sadhguru argues that our need to belong to a group is a significant source of this impediment. The yogi claimed that because of this urge for self-identification, protecting the identity takes priority.

The Ethereum chief emphasized that modern, emergent technology actually makes it simpler for individuals to detect complex identities and establish personal connections over shared interests. Buterin stated that every technology is a social technology in some way.

However,upcoming technologies will not solve all problems, Buterin said. Nevertheless, he continued, agreements and disagreements in the area could lead to realized cooperation and educational possibilities. Additionally, Sadhguru urged listeners to remember that humans remain at the highest level of technology even as these new technologies continue to dominate users lives and global systems.

Sadhguru is quite a tech-savvy guru. He is often seen riding his motorcycle or flying a helicopter. The Indian mystic said that technology is an extension of our awareness, not just anything we produce. Moreover, he added that we will automatically advance our technology as we raise our consciousness. As per both speakers, the key to blockchains deployment as a tool for deeper knowledge and expanding human consciousness is its right use.

Read the original here:

Ethereum's Vitalik Buterin Speaks With Indian Guru Sadhguru - Watcher Guru

Read More..

Lido Emerges as Dominant Player in Liquid Staking Tokens Battle … – Analytics Insight

The upcoming Ethereum Shanghai fork, scheduled for April 12, is poised to unlock over 18 million staked ether (~$34.2 billion) and ignite what I predict will be a fierce competition among liquid staking protocols, aptly named the Liquid Staking Wars. This battle for supremacy in the liquid staking space is expected to have a profound impact on the decentralized finance (DeFi) ecosystem as a whole.

For those of us who remember the DeFi Summer, the Curve Wars come to mind the cutthroat competition among emerging stablecoin protocols vying for the deepest liquidity and widest range of liquidity pairings on the Curve DEX. However, the Liquid Staking Wars have a unique element the imminent Shanghai upgrade that will enable liquidity providers (LPs) to easily and inexpensively unstake ETH from one LST protocol and transfer it to another.

The first skirmishes of the Liquid Staking Wars will take place by early May, with LST protocols battling to capture the most total value locked (TVL) and volume for their tokens. The protocol that can attract the most liquidity and market share will likely emerge victorious in this battle, reshaping the landscape of all crypto pairs across various decentralized exchanges (DEXs).

While LidoDao (LDO), currently holding a dominant market share of approximately 75% in LST TVL, may seem like the frontrunner in the Liquid Staking Wars, other contenders such as Frax, Coinbase, Rocket Pool, and upcoming protocols that are yet to launch, are actively vying for the top spot as the preeminent ETH replacement.

Despite market conditions slowing down, there has been a notable trend of higher receiving addresses compared to sending addresses, indicating a lack of significant sell pressure, as observed on Glassnode. Investors who have staked their ETH through Lido, for instance, can anticipate withdrawals to be available no earlier than early May.

However, its worth noting that the preparation of Lidos V2 testnet and completion of multiple security audits for its V2 upgrade wont coincide with the Shapella software upgrade on April 12, which is set to enable ETH withdrawals. The winners and losers in the Liquid Staking Wars will ultimately be determined by the strategic deployment of tactics on the battlefield, just like in any war.

Big Eyes Coin (BIG), the latest addition to the frenzy of meme coins, has gained significant popularity during its presale phase. The tokens unique concept and promising potential have attracted a large number of buyers, with investors showing great enthusiasm for Big Eyes Coins presale and displaying confidence in its future success. As the presale comes to a close on June 3, the strong demand for BIG indicates that the token is well-positioned for a successful launch and a promising future. The presale of Big Eyes Coin has been a remarkable success, raising over $33.5 million from eager investors. Despite the impressive gains already seen, with the current price at $0.00053 in Stage 13, investors are anticipating even greater returns with the launch price set at $0.0006.

Big eyes Coin has launched its biggest ever bonus code to mark the culmination of their successful presale. The code END300 when used at the checkout, will give the user 300% bonus. So if you buy $1000 BIG you get $4000 BIG. The users can also use Bitcoin, ETH, BNB, USDT-TRC20, USDT-ERC20, BUSD, DOGE and very soon TRX to snap up $BIG in the presale.

This time-limited offer reflects the cryptocurrencys belief in its future prospects and commitment to rewarding early investors, making it a strategic choice for those seeking to maximise their investment in Big Eyes Coin and capitalise on the upcoming bull run market. The strong performance of Big Eyes Coin during its presale could potentially position it to challenge the dominance of more established meme coins, setting the stage for an exciting battle in the next bull run market.

The intense competition among liquid staking protocols brought about by the Ethereum Shanghai fork is expected to drive innovation, improve LP strategies, and reshape the landscape of crypto pairs on DEXs. As LPs and protocols vie for market share and liquidity, the DeFi industry as a whole stands to benefit from increased competition and the potential for higher yields. The outcome of the Liquid Staking Wars remains to be seen, but it is clear that this battle for dominance in the liquid staking space will have a lasting impact on the broader DeFi ecosystem.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards

More here:

Lido Emerges as Dominant Player in Liquid Staking Tokens Battle ... - Analytics Insight

Read More..

The Impact of Blockchain on the Hosting Industry – Finextra

The hosting industry has been around for decades, providing businesses and individuals with the storage and computing power they need to run their websites and applications. However, with the rise of blockchain technology, this industry is being disrupted in new and exciting ways.

In this article, we will explore the impact of blockchain on the hosting industry. We will look at how blockchain is disrupting the industry, the benefits it brings, the challenges it poses, and the potential for future growth.

What is Blockchain?

Before we dive into this topic let's first define what blockchain is. Blockchain is a decentralized digital ledger that allows for the secure and transparent storage and transfer of information. It uses a network of nodes to verify transactions and ensure that the ledger is accurate and tamper-proof.

The most famous use case for blockchain is cryptocurrency, which uses the technology to create a decentralized digital currency. However, blockchain has many other potential applications beyond cryptocurrency, including in the hosting industry.

The Hosting Industry

The hosting industry is a multi-billion dollar market that includes a variety of different services, such as web hosting, cloud hosting, and dedicated hosting.

The global web hosting services market is projected to grow from USD 83.99 billion in 2021 to USD 267.10 billion in 2028 at a CAGR of 18.0%.

These services allow businesses and individuals to store and run their websites and applications on remote servers, providing them with the computing power and storage they need without having to invest in expensive hardware.

The hosting industry is dominated by a few major players, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform. These companies offer a range of hosting services, from simple shared hosting plans to complex cloud computing solutions.

The Impact of Blockchain on the Hosting Industry

Blockchain is disrupting the hosting industry in several ways, from creating decentralized hosting networks to improving security and reducing costs. Let's take a closer look at some of these impacts.

Decentralization

One of the key benefits of blockchain technology is its ability to create decentralized networks that don't rely on a central authority. This is particularly relevant to the hosting industry, where many users are concerned about relying on a single hosting provider.

Blockchain-based hosting solutions can create decentralized networks where users can store and share data without relying on a central server.

This could be particularly useful for applications that require high levels of security and reliability, such as financial applications and healthcare systems.

Security

Another benefit of blockchain technology is its ability to improve security. Blockchain uses cryptographic techniques to verify transactions and ensure that the ledger is accurate and tamper-proof.

This makes it an ideal solution for hosting providers who need to ensure the security and integrity of their services.

For example, blockchain-based hosting solutions could use smart contracts to create more transparent and efficient hosting agreements.

Smart contracts are self-executing contracts that use blockchain technology to automate the terms of an agreement.

This could make hosting agreements more transparent and efficient, reducing the risk of disputes and improving overall security.

Cryptocurrency Payments

Blockchain-based hosting solutions can also provide a more secure and efficient way for users to pay for hosting services.

Traditional payment systems rely on intermediaries, such as banks and payment processors, to process transactions. This can add unnecessary complexity and cost to the payment process.

Blockchain-based payment systems, on the other hand, can allow users to pay for hosting services directly using cryptocurrency. For example there are many hosting providers that accept Ethereum, Bitcoin and even Monero as payment methods. Bitnewsbot, has a comprehensive list of these hosting providers - if you want to have a look.

This can reduce the cost and complexity of payment processing, while also providing users with a more secure way to pay for services.

Reduced Costs

Finally, blockchain-based hosting solutions can reduce costs for both hosting providers and users.

By eliminating intermediaries and reducing the need for expensive hardware, blockchain-based hosting solutions can provide a more efficient and cost-effective way to store and run websites and applications.

For example, blockchain-based cloud hosting solutions could allow users to rent out unused computing power on their own devices, creating a decentralized network of computing power.

This could reduce the cost of hosting for users while also providing them with greater control over their computing resources.

Similarly, blockchain-based hosting solutions could allow hosting providers to reduce costs by eliminating intermediaries and automating processes. This could lead to lower prices for hosting services, making them more accessible to small businesses and individuals.

Challenges and Limitations

While blockchain technology has the potential to disrupt the hosting industry, there are also challenges and limitations to consider.

One of the biggest challenges is the lack of standardization and interoperability in the blockchain space.

Different blockchain networks use different protocols and standards, which can make it difficult to create interoperable solutions.

Another challenge is the scalability of blockchain networks. While blockchain technology has been proven to be secure and reliable, it can also be slow and resource-intensive.

This could limit the ability of blockchain-based hosting solutions to compete with traditional hosting providers, particularly for applications that require high levels of computing power.

Finally, there is also the challenge of regulatory compliance. The hosting industry is subject to a range of regulations, particularly around data privacy and security.

Blockchain-based hosting solutions may need to comply with these regulations, which could add complexity and cost to the development and implementation of these solutions.

Future Outlook

Despite these challenges, the future looks bright for blockchain-based hosting solutions. As the technology continues to mature and evolve, we can expect to see more innovative solutions that address the challenges and limitations of existing blockchain networks.

One potential area of growth is in the development of interoperable blockchain networks that can work together seamlessly. This could create a more flexible and scalable ecosystem of blockchain-based hosting solutions, making them more competitive with traditional hosting providers.

Another area of growth is in the development of more user-friendly blockchain-based hosting solutions. As blockchain technology becomes more mainstream, it will be important to create solutions that are easy to use and accessible to non-technical users.

Conclusion

The impact of blockchain on the hosting industry is clear. Blockchain technology has the potential to create decentralized hosting networks, improve security, reduce costs, and provide a more efficient and cost-effective way to store and run websites and applications.

While there are challenges and limitations to consider, the future looks bright for blockchain-based hosting solutions.

As the technology continues to mature and evolve, we can expect to see more innovative solutions that address these challenges and drive growth in the hosting industry.

Read more from the original source:
The Impact of Blockchain on the Hosting Industry - Finextra

Read More..

How to Deploy an Express.js REST API on Render: An Alternative to … – MUO – MakeUseOf

At the end of 2022, Heroku discontinued its free tier option resulting in the removal of the previously available free subscription plan for web hosting and other cloud services in its ecosystem.

Free tiers are particularly handy and cost-effective if you intend to deploy and host applications for a short period. Luckily, there is an alternative cloud platform that, like Heroku, offers a free tier for its cloud services among other perks.

In this article, we'll explore how to deploy an Express.js REST API on Render, a cloud-based hosting platform.

Render is a cloud hosting platform that provides a seamless and hassle-free way to deploy and manage static websites, fully-fledged web applications, backend APIs, or databases on the cloud. The features include:

Like the other cloud platforms, Render has its perks and drawbacks. But how does it compare to popular cloud solutions like Heroku?

To get started, header over to Render's website and sign up and log into your account.

Render makes it easy to deploy and manage backend APIs by offering built-in support for popular programming languages and web services that streamline the deployment process.

This guide will make use of its web services feature to deploy an Express.js REST API. To follow along, you will need to first set up a PostgreSQL database instance on Render.

On the overview page, click on the New PostgreSQL button to set up a new instance.

Next, fill in the name of your database, and click on Create database. Finally, copy the Internal Database URL provided. You will use it to configure the connection between your Express REST API and the PostgreSQL database.

Essentially, the Internal Database URL is used to establish a connection between applications running on Render's servers such as a deployed API or a fully-fledged web application.

Nonetheless, if you only want to utilize the PostgreSQL database from an application deployed on another platform, you can use the External Database URL to configure the database connection.

Go ahead and create an Express.js web server. Next, install the following packages:

To set up the connection between the Express.js API and Render's PostgreSQL instance, in the root directory of your project folder, create a db.js file and add the code below.

module.exports = db;

Next, open the index.js file, and add the code below that implements a simple REST API with four routes.

app.use(express.json())app.use(express.urlencoded({ extended: true }))

app.get('/', (req, res) => res.send('Hello World!' ))

app.get('/users', async (req, res) => {try {const users = await db.select().from('users')res.json(users)} catch (error) {console.error(error)res.status(500).json({ message: 'Error retrieving users' })}})app.post('/users', async (req, res) => {try {const user = await db('users').insert({ name: req.body.name }).returning('*')res.json(user)} catch (error) {console.error(error)res.status(500).json({ message: 'Error creating user' })}})

app.delete('/users/:id', async (req, res) => {try {const { id } = req.paramsconst user = await db('users').where({ id }).delete().returning('*')res.json(user)} catch (error) {console.error(error)res.status(500).json({ message: 'Error deleting user' })}})

app.listen(PORT, () => console.log(`Server up at PORT:${PORT}`))

Create a new folder, scripts, in the root directory of your project, add a new file, migrate.js, and finally, add the code below:

This code will create a new users table in the database with two columns: an auto-incrementing primary key field and a name field.

Finally, add these commands to your package.json file.

Lastly, in order to create the user's table on the database, you need to run the migrate.js file as a script on your terminal using the command below.

However, before running the command, make sure to retrieve the External Database URL from Render's PostgreSQL instance settings information, and paste it into the db.js file as the connection string.

This will establish a connection with the database instance from your local machine, allowing you to create the table before deploying the API. Once the table is created, you can then head over to your Render's PostgreSQL instance, retrieve the Internal Database URL, and update the db.js file accordingly.

First, create a new repository on GitHub and push the project code. Next, log into your Render account, click on the New+ button, and select the Web Service option from the drop-down menu.

Finally, access your GitHub account, select your project's repository, and connect to it on Render.

On the web service settings page, provide a name for the new service, specify the root directory of the project, the build and start command, and finally, click on Create Web Service. Once the deployment process is complete, copy the provided URL to test the endpoints on Postman.

Postman is a popular tool for developing and testing APIs. To get familiar with Postman, learn how to use it to test an API.

To test the deployed API, make a POST request to the /users endpoint to store data in the PostgreSQL database.

Finally, make a GET request to retrieve the stored data.

Render provides a straightforward setup process, and seamless integration with popular version control systems making it a good alternative cloud hosting platform.

Moreover, its competitive pricing model and built-in support for popular development tools make it a reliable and user-friendly option for both side projects and large commercial applications.

See the original post here:
How to Deploy an Express.js REST API on Render: An Alternative to ... - MUO - MakeUseOf

Read More..

Price predictions for Bitcoin and Ethereum – The Cryptonomist

A number of predictions are circulating these days about the short-term trend in the price of Bitcoin and Ethereum that claim it could be negative.

In contrast, it is worth noting that over the medium term, positive predictions are circulating.

In the short term, the hypotheses that seem to be circulating the most are that the price of Bitcoin could return to the levels of late March, that is, below $27,000.

It is worth noting that in these early months of 2023 since it has risen steadily above $25,000 it has not fallen below that threshold.

According to some, $25,000 would be precisely the support below which the price of BTC might not fall in the short to medium term.

However, not everyone agrees with this prediction, because there are quite a few who argue that the financial markets as a whole could still return to severe distress, especially because of the global macroeconomic and financial situation.

Among the most pessimistic there are even suggestions that it may not even hold the support of $15,000, which has held throughout the course of 2022, with a possible descent even below $12,000.

It is worth mentioning that such a prediction has been circulating now since November, and so far has proven to be completely wrong.

In the short term, there seem to be few who argue that the price can continue to rise, not least because the first days of May could prove difficult for the financial and crypto markets, due to some releases such as that of ETH still stuck in staking on Lido.

The predictions regarding Ethereum are very similar, even though the price of ETH at the end of March ($1,700) was significantly lower than it is today ($1,850).

In addition, support for Ethereums price appears to be at $1,400, which is 24% lower than the current level. For Bitcoin, on the other hand, support at $25,000 is only 8% lower than the current level.

However, after the release of staked ETH on Lido, Ethereum could give way to Bitcoin, and the BTC price could return to influence crypto markets as it did in the first three months of the year.

Thus, starting in the second week of May, Ethereums price trend may simply follow that of Bitcoin.

That said, the less-than-optimistic forecast in the short term leaves room for much better assumptions in the medium term.

It is worth noting that in 2023 there has always been a need for a retracement before a strong rise.

After the January rebound, with Bitcoin rising to nearly $24,000, there was a need for a descent all the way down to below $22,000 in order to then break through the $24,000 resistance with momentum.

Something similar happened with $25,000, for which it even required a brief return all the way below $2,000 to break through.

Although in early April Bitcoin managed to break above $30,000, it failed to hold that high, and it is possible that a descent all the way below $26,000 will be needed to generate enough of a bounce to make BTC rise steadily above that threshold.

On the other hand, over the medium term the major attention thresholds are well above the $30,000 touched in early April.

The first attention threshold is $35,000, which is a level that would be proportionately reminiscent of the level touched in May 2019.

Dominating the medium-term prediction is always the comparison with 2019, i.e., the previous post bear-market year. There were three major growth phases then, one in April, one in May and one in June. Thereafter the price fell.

In 2023 in April, the growth was not particularly pronounced, but probably because the price had already grown widely in the previous months. So the first phase of growth in 2023 was longer than in 2019, but similar in proportion in terms of the overall percentage of growth.

For this reason, it does not seem at all unlikely that May 2023 will see another small bull run, similar to that of May 2019, with the price of BTC expected to rise as high as $35,000, should similar proportions continue.

The eventual third leg of this uptrend could take the price above $40,000 in June. However, these are not true predictions, only comparisons with a similar year in the recent past.

Starting in the second week of May, the price trend of altcoins, including Ethereum, could simply follow that of Bitcoin, especially if a scenario similar to the one just described occurs.

However, on the one hand there is not the slightest certainty that this could actually happen, while on the other hand it must be said that altcoins do not always slavishly follow Bitcoin.

However, the fact that in January and March Bitcoins dominance made two major jumps, albeit small ones, seems to indicate that in 2023 the crypto market could be dominated by Bitcoin, with rare exceptions, such as Ethereum before the Shapella update.

It is worth noting that among the top 30 cryptocurrencies by market capitalization, only Solanas SOL has performed better than BTC during 2023, but it did so after a near-vertical collapse in late 2022. All the other 28 have underperformed for now, probably precisely because it is Bitcoin that is driving the crypto markets at this stage.

Original post:

Price predictions for Bitcoin and Ethereum - The Cryptonomist

Read More..

Cloud Computing Market Segments, Opportunity, Growth and Forecast By End-use Industry -2028 – openPR

The Cloud Computing Market size is expected to be valued at US$ 405,295.8 million in 2022 and reach US$ 1,465,818.2 million by 2028. The cloud computing market share is expected to grow at a CAGR of 23.9% from 2022 to 2028.

The demand for trustworthy and affordable cloud-based solutions and services has led to the emergence of various cloud-based service providers. These providers offer solutions that help organizations select the most cost-effective architecture that can deliver optimal performance. With the increasing popularity of multi-cloud environments, the market for third-party cost optimization is expected to grow during the forecast period.

Third-party cost optimization services focus on providing high-quality analytics that maximize cost savings without compromising on performance, offering multi-cloud management consistency, and cloud provider independence. Optimization is crucial in the early stages of cloud migration projects. Therefore, early identification of cost-cutting opportunities, the use of operational data analysis tools, and the establishment of skills and processes can benefit third-party cloud solutions. The increasing competition and government investments in developing cost-effective cloud-based products have attracted many enterprises to adopt cloud computing, contributing to the growth of the cloud computing market.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00029052?utm_source=OpenPr&utm_medium=10640(Kindly Use Corporate Mail ID To Get More Details)

The List of Companies - 1.Amazon Web Services2.Microsoft Corporation3.SAP SE4.IBM Corporation5.Salesforce.com, inc.6.Google LLC7.Oracle Corporation8.Alibaba Group Holding Limited9.Adobe10.Workday, Inc.

Furthermore, cloud providers are strengthening their market positions by investing heavily in developing their product portfolio. Some of the recent developments in cloud-based products are as follows:

On February 21, 2022, NxtGen plans to invest US$ 172.81 million (Rs 1,300 crore) in India to establish new data centers.

In November 2021, startup Digiboxx raised US$ 1.5 million in pre-series A funding for file storage, sharing, or cloud storage services. The company will invest these funds to expand its cloud-based product portfolio.

In July 2021, Wipro planned to invest US$1 billion in cloud-related capabilities over the next three years, including acquisitions and partnerships. Wipro also announced the launch of its 'Wipro FullStride Cloud Services".

The North America cloud computing market has experienced significant growth due to several factors, including favorable government policies, prominent cloud computing vendors, and strong internet infrastructure. Over the past few years, the demand for cloud computing has increased, which has had a positive impact on internet penetration rates. As a result, many foreign direct investments (FDIs) have been made in this region, contributing to the growth of the cloud computing market in North America.

Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/cloud-computing-market

Furthermore, due to increasing security concerns, numerous organizations have adopted cloud computing to ensure the security of their business operations and run their businesses smoothly and effectively. Although many enterprises are worried about the cost of maintaining and hosting on-premises cloud solutions, the growing competition and shift in various business models toward digital transformation have encouraged many to adopt cloud computing.

Enterprises are now more concerned about staff expenses, electricity costs, and downtime issues, leading them to adopt cloud computing. With the continued adoption of the cloud, enterprises can reduce operational costs and enhance their customer experience. The pay-as-you-go cloud computing model, which enables businesses to expand the cloud for further usage, has made startups and SMEs the leading consumers of cloud computing solutions. The cloud's benefits, such as on-demand availability and low cost, are significantly attracting these consumers, resulting in lower infrastructure and storage costs and a higher return on investment.

The US offers numerous profitable opportunities due to its endorsement of Cross Border Privacy Rules (CBPR), which has enticed numerous investors to invest in Information Technology. This has led to many US-based companies maintaining a robust international market presence to expand their business. As a result, cloud service providers are collaborating, resulting in a formidable presence in the global market. For example, in September 2021, Salesforce launched Health Cloud 2.0, a connected platform that allows the company to provide improved safety to its employees and customers through various modules like Contact Tracing and Dreampass.

Moreover, Amazon HealthLake was introduced in December 2020 as a new product from Amazon Web Services, targeted towards healthcare and life sciences customers. The service helps organizations gather, categorize, organize, and structure data from different sources and uses machine learning capabilities to derive insights from it. Additionally, the Trans-Pacific Partnership (TPP) involving 12 countries, including the US, and the contribution of US-based cloud tech companies in implementing several multi-national agreements are likely to create new business prospects for cloud computing in North America. It is worth noting that over 90% of Canadians have internet access.

Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00029052?utm_source=OpenPr&utm_medium=10640

The analysis of the cloud computing market is based on various factors such as service model, deployment model, organization size, industry vertical, and geography. With respect to the service model, the cloud computing market is categorized into three segments: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). In terms of the deployment model, the cloud computing market is divided into public cloud and private cloud. Considering the organization size, the cloud computing market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.

By industry vertical, the cloud computing market is sub-categorized into BFSI, IT & telecommunications, government & public sector, retail & consumer goods, manufacturing, healthcare & life sciences, and others. Geographically, the cloud computing market is segmented into five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

TABLE OF CONTENTS1. Introduction1.1 Scope of the Study1.2 Research Report Guidance1.3 Market Segmentation1.3.1 By Service Model1.3.2 By Infrastructure as a Service (IaaS)1.3.3 By Platform as a Service (PaaS)1.3.4 By Software as a Service (SaaS)1.3.5 By Deployment Model1.3.6 By Organization Size1.3.7 By Vertical1.3.8 By Geography2. Key Takeaways3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research4. Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America4.2.2 Europe4.2.3 APAC4.2.4 MEA4.2.5 SAM4.3 Ecosystem Analysis4.4 Expert Opinion5. Key Market DynamicsContinued

Contact Us:If you have any queries about this report or if you would like further information, please Contact Person: Sameer JoshiPhone: +1-646-491-9876Email: sales@premiummarketinsights.com

About Us:Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.

Read the rest here:
Cloud Computing Market Segments, Opportunity, Growth and Forecast By End-use Industry -2028 - openPR

Read More..

Cloud Profits May Be Slowing at Microsoft and Amazon – Slashdot

"Once-booming demand for cloud-computing services is slowing..." reports Bloomberg. "When Microsoft and Amazon report results next week, analysts are anticipating the slowest revenue growth for their cloud-computing businesses since the firms started breaking out performance last decade."For years, demand for cloud-computing services has steadily driven growth at both Microsoft and Amazon... Microsoft's Intelligent Cloud unit, which is home to its Azure cloud-services business, accounted for 38% of its revenue and 39% of operating income in 2022. Amazon Web Services was the fastest-growing of the Seattle-based company's major businesses last year and generated $22.8 billion in operating income. The rest of Amazon's businesses combined posted a $10.6 billion operating loss.

For both companies, cracks are starting to appear. In the first three months of 2023, growth for Microsoft's Azure unit and Amazon Web Services is expected to fall to 31% and 14%, respectively, excluding currency fluctuations, according to the average of analyst estimates compiled by Bloomberg. A year ago, Azure sales expanded 49% and Amazon Web Services 37%.

In a shareholder letter released last week, Amazon said AWS "faces short-term head winds" related to the economic backdrop that will "soften" the growth rate. This echoed what it said in its most recent results. Microsoft also warned of a slowdown in cloud software sales last quarter. Wall Street has been getting more cautious. UBS lowered growth estimates for Azure last week, warning "customer efforts to optimize/trim their cloud spend will be deeper and last longer than most think...." Jefferies [financial services company] sees slowing cloud demand as "a key concern" for Amazon. Analyst Brent Thill said that because AWS generates so much of Amazon's operating income, "a stabilization in cloud is crucial for shares to outperform."

For Alec Young, chief investment strategist at MAPsignals, Microsoft and Amazon remain attractive despite the slowdown, which he expects to be a temporary pause before growth re-accelerates. "There's still a lot of runway ahead for cloud computing, so I don't think investors should obsess too much over the level of growth over a couple quarters," he said.

See the original post:
Cloud Profits May Be Slowing at Microsoft and Amazon - Slashdot

Read More..