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These Altcoins in the Cosmos Ecosystem Are About To Go Vertical, According to Top Trader – The Daily Hodl

A notable crypto trader is spotlighting the scalable blockchain network Cosmos (ATOM), predicting that its ecosystem is about to take off.

As top automated-market maker (AMM) on Cosmos, Osmosis, prepares to launch its first trading pairs this Saturday, June 19th, pseudonymous crypto analyst known in the industry as Altcoin Psycho says tokens connected to Cosmos are likely to explode in value.

Altcoin Psycho alerted his 272,000 Twitter followers to a message from Osmosis indicating which assets are connected to the Osmosis platform.

Those assets are ATOM, decentralized cloud storage project Akash (AKT), environmentally-focused Regen Network (REGEN), encryption platform Sentinel (DVPN), interoperable decentralized finance (DeFi) tool Persistence (XPRT), cross-chain AMM Iris Network (IRIS) and the governance token of decentralized open-source blockchain platform Crypto.com, CRO.

Any asset plugged into IBC (inter-blockchain communication), an end-to-end, connection-oriented, stateful protocol for reliable, ordered, and authenticated communication between heterogeneous blockchains, is going to soar, says the trader.

The trader shares that his trading strategy generally focuses on a driving thesis or core belief when investing, often more than technical analysis (TA).

Im a price action trader, but my biggest winners have always been thesis driven trades. Betting early on a thesis will significantly outperform a good TA based entry.

He also estimates that a bunch of crypto whales are preparing to short the market, based on evidence from large short positions on crypto exchange Bitfinex.

The Bitfinex whales are still building their giga short position. Almost $50 million added just now, total notional value of the short is now $1 billion.

It seems like the spikes come *after* each impulse move. I dont see why this isnt a directional bet rather than a hedge.

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This Emerging Altcoin Is More Exciting Long-Term Bet Than Ethereum, Says Prominent Crypto Trader – The Daily Hodl

A high-profile pseudonymous crypto trader says that one emerging smart contract platform may pose a more enticing long-term investment than top blockchain network, Ethereum.

The analyst and trader known in the industry as The Crypto Dog, is spotlighting scalable layer 1 blockchain project Solana (SOL) amid the crypto market breakdown.

The Crypto Dog believes that both Bitcoin and Solana have advantages over Ethereum as long-term investments. BTC, notes the trader, is a safer bet than ETH, and SOL has more upside potential.

BTC is a safer, more boring long-term bet than ETH. Flippening, unlikely in my opinion and if it does happen, Ill be here long ETHUSDTPERP (perpetual contract). Happy either way.

SOL is higher upside, more exciting long term bet than ETH. Its the layer one with the best shot at number two.

Additionally, the analyst bets that Solana will be one of the first assets to reach new all-time highs, as crypto traders and investors patiently wait for the market to recover.

SOL will be one of the first to make new highs.

At time of writing, Solana is trading at $35.85, down approximately 38% off its high of $58.03 in May, according to CoinGecko.

As for Bitcoin, The Crypto Dog is betting on a strong move up for the top cryptocurrency by market cap. The trader notes that BTC appears strong on the daily timeframe, and that he put in a leveraged trade at the $33,000 level.

BTC 1D (daily timeframe) looks phenomenal to me. Im holding the most spot Ive had in years, and Im also levered from $33,000.

I think this is the most long Bitcoin notional Ive ever been.

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The Future of Dogecoin Is In the Hands of Elon Musk – Investorplace.com

Be it any asset class in the world, I have always followed the value investing approach. In the world of meme coins and meme stocks, value investors seem to be bit out of place. I do agree that investment strategies need to be dynamic. However, I am still struggling to find a good reason to consider exposure to meme coins like Dogecoin (CCC:DOGE-USD).

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Dogecoin has surged by over 12,200% in the last 12 months. And these returns are at a current price of nearly 31 cents. At the beginning of May, Dogecoin touched a high of 73 cents.

Even at current levels, Dogecoin has a market capitalization of $40 billion. Ford (NYSE:F) currently trades at a market capitalization of $59 billion. Therefore, when Dogecoin was trading near all-time highs, the altcoin had a market capitalization that was higher than F stock. This is an example of the level of frenzy.

If I do ask a Dogecoin investor on the reasons for the rally, the most probable answer is the backing by Elon Musk. Its a series of tweets over time that spurred Dogecoin to all-time highs. Of course, the CEO of Tesla (NASDAQ:TSLA) claims to be holding Dogecoin. However, thats not reason enough to consider exposure to a meme coin.

Dogecoin investors will also talk about the possibility of wider adoption of the cryptocurrency. I would rather be invested in Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) if I am bullish on wider adoption of cryptocurrencies.

If I had to buy an altcoin, I would rather be invested in Polygon (CCC:MATIC-USD) than Dogecoin. Polygon is a non-speculative altcoin that addresses the challenges related to high fees and lower transaction per second in Ethereum. With the growth of decentralized finance, Polygon seems to have a bright future.

My only point is that there are possibly dozens of altcoins that have strong use cases. I dont find a reason to be invested in Dogecoin, which seems to depend on Musk for survival.

In the last rally, Bitcoin surged to a high of $64,800. A sharp correction followed and Bitcoin briefly slipped to near $30,000. It goes without saying that if Bitcoin and Ethereum decline, altcoins will have a sharper correction.

There were two reasons for the big correction. First and foremost, Chinas clampdown on cryptocurrencies impacted sentiments. Further, Musk opined that Bitcoin was not really environment friendly. Considering the significant electricity consumption.

Last month, U.S. Treasury also called for stricter cryptocurrency compliance. The Treasury believes that cryptocurrencies pose tax evasion risk. It seems very likely that the U.S. will regulate cryptocurrencies in the foreseeable future.

With the decentralized world facing the risk of regulations, cryptocurrencies are currently in an uncertain zone. In these times, it might not be a good idea to invest in a meme coin. I believe that further correction might be coming for Dogecoin as a current market capitalization of $40 billion looks unreasonable.

Bitcoin has also been talked about as an inflation hedge and a store of value. Thats understandable to some extent with the cryptocurrency having a limited supply of 21 million.

On the other hand, Dogecoin has a circulating supply of 130 billion with no upper limited to the amount of coin that can be mined. Clearly, the altcoin is significantly inflationary in nature and might not serve as a store of value.

Overall, it seems that the only hope for Dogecoin are tweets from Musk. One hope for the altcoin is a possible new that Tesla will accept Dogecoin as a payment method.

Therefore, investors can still consider some speculative exposure. However, it might be too risky to go overboard on this cryptocurrency.

On the date of publication,Faisal Humayundid not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.

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One of the Years Top Altcoins Set To Soar 230%, Says Crypto Trader Lark Davis – The Daily Hodl

Crypto trader and investor Lark Davis is eyeing massive gains for one large-cap altcoin.

Davis tells his 386,000 Twitter followers that layer-2 Ethereum scaling solution Polygon (MATIC) is set to accelerate its upward ascent.

$5 MATIC is coming, will carve off some more profits there!

MATIC is up over 7,000% since June of 2020, but evidently Davis thinks gains of over 200% are still in the cards for the popular coin.

This week, Davis also revealed his updated investment portfolio. Davis holds the majority of his portfolio in Bitcoin, Ethereum, and USDC.

30% of the traders portfolio is in a variety of altcoin projects.

Of the altcoins that Davis holds, his top five investments are smart contract platform Polkadot (DOT), MATIC, scalable blockchain platform Elrond (EGLD), cross-chain liquidity solution RAMP and decentralized derivatives platform Injective (INJ).

In a separate tweet, Lark reveals he also owns Cardano (ADA), but it is not in his top five altcoin holdings.

Davis also holds 10% of his portfolio in the traditional stock market and 3% in gold and silver.

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This New $400,000,000 Altcoin Project Is Mind-Blowing, According to Coin Bureau – The Daily Hodl

The founder of the popular crypto outlet Coin Bureau is analyzing an altcoin that just debuted on the market with a massive $400,000,000 market cap.

Mina Protocol (MINA), which launched at the start of the month, is a project crypto investors should keep their eyes on, according to Coin Bureaus pseudonymous host, who goes by the name Guy.

Guy tells his 1 million YouTube subscribers that the lightweight blockchainhas some of the best tech in the space.

Mina, unlike other blockchains, aims to remain one finite size forever, adapting and growing without taking up any more data.

Mina Protocol may be the worlds lightest blockchain, but it has some of the heaviest tech you can have in cryptocurrency. Wrapping your head around zero-knowledge proofs is not easy. And the fact that Mina uses an even more advanced version of that makes it an objectively hard project for the average person to understand.Minas blockchain is 22 kilobytes in size because its just a digital snapshot of the entire blockchain.

Guy highlights Minas relatively low market cap and its ties to Coinbase Ventures, which could increase the odds that the leading US exchange will support the coin.

While Minas set size should make the blockchain scalable, secure and decentralized, Guy warns that the coin is inflationary, and that in some ways Mina may have some shortcomings in the decentralization department.

The small size of Minas blockchain theoretically makes it scalable, secure and decentralized. Right now Mina doesnt seem to be very scalable. It doesnt seem to be very secure and you could even argue that Mina isnt all that decentralized either. This all depends on what definition youre using.

Mina equates its block producers with Bitcoin miners and its verifiers with Bitcoin nodes. Because Mina has a lot of both, its decentralized. Theres just one problem though and thats that these are false equivalencies. Minas archival nodes are much more similar to Bitcoin miners and especially Bitcoin nodes, more importantly

While Im certain Mina has more than one archival node, if theyre all storing Minas blockchain history in google cloud, then that is a single point of failure.

Mina is trading around its low of $2.64 at time of writing, well of its high of $9.09.

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Institutions Pumping Millions Into Ethereum and Other Altcoins: CoinShares – The Daily Hodl

Digital assets manager CoinShares says investors are pouring millions of dollars into Ethereum (ETH), XRP, Cardano (ADA) and other crypto assets.

In a weekly report from June 7th, CoinShares breaks down where investor money is flowing, showing that Ethereum (ETH) is the altcoin of choice for buyers, capturing inflows of $33 million.

Digital asset investment products saw outflows totaling $94 million last week. Despite the net outflows, we believe it implies an early turn in sentiment since May, where most product providers were seeing net outflows and sentiment was broadly negative.

Ethereum continues to see inflows into investment products totaling $33 million, remaining the altcoin of choice for investors.

Aside from Ethereum, XRP, Cardano and multi-asset products are the most popular investments, attracting inflows of $7 million, $4.5 million and $2.7 million, respectively.

The report also shows that heavy negative sentiment is focused on Bitcoin as it saw outflows of $141 million, the largest single week of outflows on record. Data indicates that investors remain cautious after Bitcoins recent collapse from its all-time high of $63,500 down to $30,000.

Digital asset investment product trading volumes highlight investors remain cautious in Bitcoin with weekly volumes having fallen 62% compared to last month. This has also been reflected in the broader Bitcoin ecosystem where volumes on trusted exchanges have fallen 50%.

Bitcoin remains the largest CoinShares holding with over $30 billion in assets under management, followed by Ethereum with $12.32 billion.

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Bitcoin, Ethereum and Cardano Are Top Three Crypto Assets for 2021, Says Altcoin Daily Heres Why – The Daily Hodl

The popular YouTube-based crypto outlet Altcoin Daily is naming Bitcoin, Ethereum (ETH) and Cardano (ADA) as the top three crypto assets for 2021.

In a new video, Altcoin Daily host Aaron Arnold explains to viewers why hes bullish on top cryptocurrency Bitcoin, top smart contract platform Ethereum and Ethereums close competitor Cardano as the crypto market works to recover from its late-May crash.

The trader notes that though many projects, including the three mentioned in the video, have significantly increased in value over the past year, there are many opportunities for investors to increase their wealth with the right crypto picks.

There is so much opportunity in cryptocurrency right now. If you missed out on the early years of the internet, you better cherish the early years of Bitcoin, decentralized finance (DeFi) and crypto right now. And just like the early years of the internet, this opportunity will not last forever.

On Bitcoin, Arnold is bullish on the flagship cryptocurrency even as it struggles to regain the $40,000 price level and the Bitcoin fear and greed index remains in the fear zone.

When there is fear in the market, this is an opportunity for greater opportunity and there is fear in the air.

Arnold adds that the current sentiment in the crypto markets is nothing like it was during the crash of 2017, at which point everyone expected a short cooldown period before another leg up that never came.

Additionally, the Bitcoin taproot upgrade is coming up, which will help keep Bitcoin in the news. The upgrade will enhance Bitcoins privacy, speed up transaction rates and reduce the quantity of data stored and transferred on the blockchain, says Arnold.

Ethereum also has an upgrade coming up in 2022, notes Arnold, which will keep the asset in the news. ETHs new version will not only capture a lot of the ETH supply, as people stake their Ethereum on ETH 2.0, but will also increase the efficiency of the blockchain as the platform moves from a proof-of-work to proof-of-stake consensus method.

Additionally, much of ETHs supply is locked up in popular DeFi platforms, causing a further supply crunch for the asset, adds Arnold.

Arnold is also keeping an eye on Cardano heading into the rest of the year, as the platform gears up to introduce fully functional smart contracts in the coming months. The team successfully launched the Alonzo testnet recently, spelling a bullish case for the Charles Hoskinson-led Ethereum competitor.

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How Do Altcoin Signals Work and How to Trade Them – Chiang Rai Times

Altcoin signals are known to include every crypto coin except Bitcoin. They are also valuable digital funds that bring outstanding profit once you figure out how to use Altcoin trade signals.

Most popular Altcoins for trading right now include Ethereum, MXC, and the new BNB. Still, knowing which coins to trade is not enough for gaining success. One important thing is to recognize trustable sources of Altcoin signals to use in your trading activity; luckily, places such as Safetrading offer an immense number of channels where the info is true and your odds of making a profit are high.

Perhaps, you have heard of a large number of Altcoin signal providers who promise quick profits and no headache. Still, checking their information isnt always possible and as an inexperienced user, you can easily be deceived.

So, what should you do if youre a beginner and just want a reliable source of Altcoin signals? First of all, let us look at what features to avoid in a signal community. Count them as red lights when you choose a service for getting Altcoin trading signals.

Hopefully, these antitrust peculiarities will help you not to become a victim of daytrade or frauds. In the next paragraph, we will give some advice on receiving reliable signals in Altcoin trading from the Safetrading service.

Now, the Safetrading platform is the place that gathers all the best Telegram channels with profitable signals. On the website, you can view premium places and search them by filters of type, status, term, and exchange provider which adds up to the convenience of use and speed.

Every source is thoroughly checked by the Safetrading team at least once in 3 months to ensure that you get only the best places. These sources share the key information about each Altcoin signal including targets, entry prices, cryptocurrency pairs, terms, and stop loss. Odds of risks is the key factor that is usually a must for these providers of Altcoin Telegram signals.

Each of these channels is quite open and you can check out several pieces of review about it on the web. Depending on the settings of a community, they will send you the details about trading relevant for this day.

Note that most reliable places sharing profitable are paid. The price they sell the proven data would make nearly $30 for a monthly subscription which does not make a big sum, especially when you start trading and compare this investment to the sums you earn using proven data.

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Altcoins Could See Major Market Shift if Bitcoin Breaks This Level, According to Nicholas Merten – The Daily Hodl

Altcoins may be about to witness a major market shift if Bitcoin (BTC) breaks a certain level, says closely-followed crypto analyst Nicholas Merten.

In a new strategy session, Merten tells his 461,000 subscribers that the news of El Salvador embracing Bitcoin as legal tender could be the catalyst that sparks a new narrative favoring the worlds flagship crypto asset.

Should Bitcoin regain a stronger narrative, the analyst says he may rotate some capital from altcoins back into BTC.

We might return back to a much more kind of simple but also exciting narrative of Bitcoin, the gold standard of crypto coming back into the fray and people looking at it as a new emerging store of value. Thats what I think is possibly upon us here, and I got to be honest here, in this case, thats probably going to mean Im doing some capital rotations.

Im really keen to see what happens here over the next couple [of] days because I think were going to get a defining price move in either Bitcoin or altcoins thats going to really signify if my theory is wrong or that if Im right in this case, that the trend is about to shift big time.

Merten names one crucial price level for Bitcoin where the narrative could start changing and a big market shift could occur between altcoins and BTC. According to him, it may be time to start taking profits on your riskier altcoin holdings if Bitcoin moves above $42,000.

I think that begins somewhere between $40,000 to $42,000. Thats the contesting range here for price. If you can break beyond that range, and altcoins dont start outpacing Bitcoin, I would say its probably time to run for the hills on those very exponential returns you made on Shiba Inu token if youre lucky enough to get them.

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Cloud Storage – an overview | ScienceDirect Topics

GlusterFS

Today, GlusterFS [13] is an open-source scale-out file system, offering NFS, SMB, and HDFS. With more than 8000 user-developers at the time of writing, it has a solid following in the HPC market segment. The software was designed to address the problems of scaling out file and NAS systems, where crossing the boundary between appliances presented a severe roadblock to petabyte-sized configurations.

GlusterFS is also discussed in File Systems for Big Data section of Chapter 8, where the emphasis is more on software structure.

GlusterFS is deployed on COTS servers, either within virtual instances or on bare metal. Scaling capacity is achieved by adding more appliances to the cluster, while performance scaling can be controlled by spreading data out across the appliance pool. Clusters with several petabytes of storage are achievable and multitenant environments with thousands of tenants can be created.

Gluster avoids the scaling issues of centralized metadata by distributing that data across the nodes. It copies from the RAID concept to mirror stripe and replicate data for integrity purposes, but it does so at the appliance level rather than at the drive level. This is critical in large-scale storage, since the failure rate of appliances is sufficiently high that data availability would be at risk if only drives are involved.

GlusterFS is a Linux user-space file system, a deliberate choice allowing faster integration into systems. It utilizes a Linux kernel file system to format the disk space. It can be deployed in environments such as AWS as a result, and this is a good way to get started with the approach. Networking is very well supported, and since January 2015 it has been possible to connect clusters with RDMA for low latency and high performance. iSCSI is supported, too. In common with object storage, replication control is well featured and supports geodiversity.

GlusterFS supports Hadoop seamlessly without the need for application rewrites. This brings fault tolerance to the Hadoop space and allows the choice of file or object access to the data. In fact, APIs have been created to allow objects to be accessed as files and vice versa.

It is also possible to install GlusterFS as a file system for Cinder, the block-IO access model in OpenStack.

Cloud storage can be built around GlusterFS, as virtualized systems, and large NAS systems can be created. These constitute the bulk of GlusterFS deployments, according to Red Hat.

The file system serves the analytics market particularly well, with strong Hadoop compatibility on the big data side and Splunk support for machine analytics. Rich media and data streaming can take advantage of performance tuning and scaled-out capacity.

GlusterFS, under Red Hats direction, is adding features rapidly. The 3.1 release, Everglades, adds in erasure coding, keeping up with the object storage companies, data tiering, and also SMB 3.0 support.

In common with many storage solutions, GlusterFS is destined to become much more automated, with provisioning by users and more policy-based management, with terms like File-as-a-Service and NAS-on-Demand being used by Red Hat. Being a Linux-based solution, its unlikely to ever lose the CLI control process, which makes large-scale operations more error-prone.

Additional features are planned such as deduplication and compression. Performance tuning is on the table, though there are questions about how best to handle all-SSD clusters, as with any software stack in storage today. Planned support for NVMe acknowledges that the issue is understood to some extent.

Data integrity issues still exist in GlusterFS, due to the way data is replicated. Rack-level awareness is on the roadmap, to better distribute replicas and erasure coded data sets.

Theres no good answer to this question, at least for now. Both Ceph and Gluster have strengths and weaknesses, but not enough to give one model a decided edge. The fact that Red Hat drives both of them also reduces competition between them. Generally, Ceph addresses the object space very well, while Gluster might be the choice for data centers focused on more traditional file server networked storage.

Ceph is still coming to terms with the world of filers, and the file access gateway is still evolving towards full production. GlusterFS came to the object space late and it shows. Still, it seems likely that the overlap between them will increase as time goes on and the feature sets converge. This may not matter to Red Hatthey get paid either way and both products are leaders.

Performance is something of a mystery. At time of press there were no published articles on relative performance that had real credibility. Configuration setup and software tuning have a big impact, and it seems that this is still an area needing more study.

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