Day after hitting record high, investors keep betting on Bitcoin
Viewed as safe havens and hedges against inflation, investors kept snapping up Bitcoin and other cryptocurrencies.
Bitcoin traded at $33,365 in Asia on Monday, after soaring to a record high of $34,800 on Sunday as investors continue to bet the digital currency is on its way to becoming a mainstream asset.
The latest milestone for the world’s most popular cryptocurrency came less than three weeks after it crossed $20,000 for the first time, on December 16, and Bitcoin has now surged some 800 percent since mid-March.
With Bitcoin’s supply capped at 21 million, some see it as a hedge against the risk of inflation as governments and central banks turn on the stimulus taps in response to the COVID-19 pandemic. Some also view it as a safe-haven play during the COVID-19 pandemic, akin to gold.
“Some of it is reflecting the fear of a weaker dollar,” Bank of Singapore currency analyst Moh Siong Sim said of the most recent rally.
“It seems like people are preferring Bitcoin as an expression of concern over currency debasement, relative to gold.”
Bitcoin’s advance also reflects increasing expectations it will become a mainstream payment method, with PayPal opening its network to cryptocurrencies.
The potential for quick gains has also attracted demand from larger US investors, as well as from traders who normally stick to equities.
“The rally gained even more momentum as insatiable investors continued trading from home” during the New Year holidays, said Dave Chapman, executive director at Hong Kong-based digital asset company BC Group.
Institutional investors see the potential for greater risk-adjusted returns compared with traditional investments, he said.
The currency “will be on the road to $50,000 probably in the first quarter of 2021,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, which bills itself as the world’s biggest crypto lender, Bloomberg reported. Institutional investors returning to their desks this week will likely boost prices further after retail buying over the holidays, he said.
Bitcoin has increasingly been “embraced in more global investment portfolios as holders expand beyond tech geeks and speculators,” Bloomberg Intelligence commodity strategist Mike McGlone wrote in a note last month.
Bitcoin trades on numerous exchanges, one of the largest of which is Coinbase, itself preparing to go public to become the first major US cryptocurrency exchange to list on Wall Street.
Multiple competitor cryptocurrencies use similar blockchain, or electronic ledger, technology. Ethereum, the second biggest, shot to a record $1,014 on Sunday.
- Netkoin Price Reaches $0.0000 on Major Exchanges (NTK)
- Meme Cryptocurrency Dogecoin Enters Wild Rally Last Weekend, DOGE Jumps 125% – Total Exchange Blog
- Polybius (PLBT) Price Hits $1.85 on Top Exchanges
- Kraken vs Coinbase vs Crypto.com vs Binance: Lowest Fees in 2021 – FangWallet
- Ripple Community Pushes For Recognition Of XRP As A Currency Amid Catastrophic SEC Lawsuit
Netkoin Price Reaches $0.0000 on Major Exchanges (NTK)
Netkoin (CURRENCY:NTK) traded down 13.6% against the dollar during the one day period ending at 23:00 PM Eastern on January 3rd. One Netkoin token can now be bought for approximately $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges. Netkoin has a total market cap of $139,640.53 and $7.00 worth of Netkoin was traded on exchanges in the last 24 hours. Over the last week, Netkoin has traded 12.1% lower against the dollar.
Here is how related cryptocurrencies have performed over the last 24 hours:
Netkoin Token Profile
NTK is a token. Its launch date was April 12th, 2018. Netkoin’s total supply is 6,400,000,000 tokens and its circulating supply is 4,640,173,916 tokens. Netkoin’s official Twitter account is @netkoin and its Facebook page is accessible here. Netkoin’s official website is www.netkoin.com.
Netkoin Token Trading
Netkoin can be purchased on the following cryptocurrency exchanges: . It is usually not possible to purchase alternative cryptocurrencies such as Netkoin directly using US dollars. Investors seeking to acquire Netkoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Netkoin using one of the aforementioned exchanges.
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Author: Rob Hiaasen
Meme Cryptocurrency Dogecoin Enters Wild Rally Last Weekend, DOGE Jumps 125% – Total Exchange Blog
DOGE craze spikes in the new 2021 year following endorsements from popular personalities. The recent tweet by adult start Angela White who admits being a DOGE HODLer pushed the crypto’s price to surge over 125% last weekend.
If you consider yourself a crypto enthusiast but are only talking about Bitcoin (BTC) and Ethereum (ETH), you’re not a real enthusiast. DOGE is the real craze currently in the market. The meme cryptocurrency Dogecoin (DOGE) has been on a pretty good rally in the new 2021 year.
Last weekend, the Dogecoin (DOGE) price surged more than 125% hitting its new 2021-high of $0.013. Although Dogecoin emerged as a joke cryptocurrency in 2013, it has built a strong fan following over the years. This Shiba Inu meme-based cryptocurrency has received endorsements from some of the top tech personalities of the world.
Last month in December 2020, Tesla CEO Elon Musk once again spoke about DOGE to his Twitter followers. In fact, Musk also changed his Twitter profile bio as the “former CEO of Dogecoin” at that time. However, it was not the first that Elon Musk was endorsing DOGE. The crypto community thinks that the recent endorsement of DOGE has helped its price skyrocket to new highs.
Note that Dogecoin is only a fun cryptocurrency and doesn’t intend to serve any financial purpose. At press time, DOGE is trading 28% down at $0.008572 with a market cap of $1.058 billion.
Dogecoin has become popular not just in the crypto community but outside as well. Last Saturday, January 2, adult star Angela White tweeted that she’s been the HODLer of Dogecoin since 2014.
Been HODLing my $Doge since 2014. MUCH PATIENCE. TO THE MOON 🚀 #dogecoin pic.twitter.com/1jzK48D4sS
— ANGELA WHITE (@ANGELAWHITE) January 2, 2021
This was huge considering the fact that the adult star has more than 1.3 million followers on Twitter.
Soon after that, the Dogecoin price surged more than 125% over the last weekend. However, the Dogecoin craze within the crypto community and worldwide isn’t new. Last year in 2020, many crypto fans on the short-video social media app TikTok tried to pump the DOGE price to a dollar per token. Although they fell short of the target, the cryptocurrency registered major adoption during the promotion.
Since its inception in 2013, Dogecoin remains fairly valuable and popular in the crypto community. Over the years, Dogecoin has managed to hold its place in one of the top 30 cryptocurrencies by market cap. Also, the Dogecoin community is popular for being extremely generous towards charity.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Author: by Total Exchange
Polybius (PLBT) Price Hits $1.85 on Top Exchanges
Polybius (CURRENCY:PLBT) traded 7.3% higher against the U.S. dollar during the one day period ending at 19:00 PM E.T. on January 3rd. One Polybius token can currently be purchased for about $1.85 or 0.00005631 BTC on major cryptocurrency exchanges. Polybius has a market capitalization of $7.36 million and $1,895.00 worth of Polybius was traded on exchanges in the last 24 hours. Over the last seven days, Polybius has traded 164.7% higher against the U.S. dollar.
Here is how related cryptocurrencies have performed over the last 24 hours:
Polybius Token Profile
PLBT is a token. It was first traded on March 30th, 2017. Polybius’ total supply is 3,969,565 tokens. Polybius’ official website is polybius.io. Polybius’ official Twitter account is @PolybiusBank and its Facebook page is accessible here.
Buying and Selling Polybius
Polybius can be traded on the following cryptocurrency exchanges: . It is usually not presently possible to purchase alternative cryptocurrencies such as Polybius directly using U.S. dollars. Investors seeking to acquire Polybius should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Polybius using one of the exchanges listed above.
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Author: Irma Garcia
Kraken vs Coinbase vs Crypto.com vs Binance: Lowest Fees in 2021 – FangWallet
You may have heard of the crazy new headlines that Bitcoin has surpassed and reached all-time highs of $33,000 per Bitcoin and maybe curious as to which is the best cryptocurrency exchange to purchase crypto with the lowest fees to hold for future investment growth.
There have been hundreds if not dozens of cryptocurrency exchanges that have popped up over the years in the cryptocurrency industry, however, none has surpassed the level of trust and reputation in the crypto community than these four cryptocurrency exchanges: Kraken, Coinbase, Crypto.com, and Binance.
The question of which is the best cryptocurrency exchange with the lowest transaction fees may be lingering in your mind because joining any exchange is a commitment in itself and requires some very critical personal information like personal identification documentation and trust. Gone are the days when you can get by with no identification and purchase cryptocurrency. The industry is becoming much more regulated with better industry security practices, which is better for everyone involved in crypto in the long run.
A TAKER is when you place an order at the market price that gets filled immediately, you are considered a taker and you will pay a fee for books.
A MAKER is when you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, your fee will be 0% and you are considered the maker.
You will pay a taker fee when you place an order that gets partially matched immediately. The remainder of the order is placed on the order book and, when matched, is considered a maker order. The fee is 0% for that part of the total order.
Let’s look at the following example:
If we add a buy order at $100, it will immediately match the order No. 1 and No. 2. We are a taker and we will pay a taker fee.
If we add a sell order at $95 or less, it will match right away the order No. 3, and we are the taker.
If we add a buy order at $91 it will not match any order at the moment, and we will be a maker and we will pay a maker fee, whether there is any (it will probably be 0).
If we add a sell order at $99 for a BTC, it will not match any order at the moment, and we will be a maker (it will probably be 0).
Kraken was founded in 2011 and mainly serves Europe because of its origin, but still serves a sizable amount of the US market. Kraken provides support to over 200 trading pairs and over 50 unique cryptocurrencies on its cryptocurrency exchange. Kraken prides itself on security and to date has never been hacked, which is extremely impressive considering the sheer size of Kraken and how many other cryptocurrency exchanges have experienced security flaws.
The starting fees that Kraken takes on the smallest deposit is 0.16%. Compared to other popular exchanges like Coinbase where the smallest deposit has a 0.50% fee, Kraken is very reasonable in its fee structures compared to other cryptocurrency exchanges.
Coinbase was founded in San Francisco, California and is the most popular cryptocurrency exchange on the market with sheer volume. Coinbase serves over 32 countries. The company was founded by Brian Armstrong and Fred Ehrsam.
The lowest minimum fee for trading on Coinbase Pro is 0.50%, which is much higher than the 0.16% that Kraken takes. However, due to Coinbase being the most popular exchange and with the most volume, if you ever decide to sell cryptocurrency, you may be able to take advantage and leverage the volume for a potentially higher price point upon a selling transaction.
Binance is one of the more popular cryptocurrency exchanges that originated and was developed in China. Due to the increasing regulations in China, Binance has since moved out of the country to resume operations. In 2018, Binance was the largest cryptocurrency exchange on the web in terms of volume.
The lowest minimum deposit at Binance will only undergo a small service fee of 0.10%, which is an extremely competitive fee schedule.
Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Serving 5+ million customers globally, Crypto.com offers a powerful alternative to traditional financial services. The founders are: Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo.
Binance and Crypto.com are among the largest and secure cryptocurrency exchanges on the market currently in 2021 with the most volume with the lowest fees to buy popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
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Just another aspiring small business owner and amateur photographer blogging in an attempt to break down personal finance lingo.
Author: By Albert Fang
Ripple Community Pushes For Recognition Of XRP As A Currency Amid Catastrophic SEC Lawsuit
The XRP community is asking the U.S government to recognize XRP as a cryptocurrency. To achieve this, the community has started a petition which already has over 21,00 signatures at the time of this report.
The SEC has for years contended that XRP is not a currency but rather a security. The XRP community obviously has a different perspective as they have also insisted that XRP is a currency like BTC and ETH. The case has been in court for years but has not yielded any results in making the SEC change their mind on XRP’s status.
The petition may have been triggered by the recent lawsuit the commission filed against Ripple and its CEO Brad Garlinghouse and Co-Founder Chris Larsen. The suit alleges that Ripple and its executives have been swelling XRP, an unregistered security, and made more than $1.5 billion in profits from the sale.
Ripple’s CEO has since alleged that the suit is not just a fight against Ripple but against the entire crypto space. He blamed the matter on the lack of clear regulations for the crypto space, particularly in the U.S. He also said that Ripple is determined to fight the case to the end and get justice for the company.
Meanwhile, a number of major crypto exchanges including Coinbase have delisted XRP. The combined effects of the delisting and the lawsuit have caused major declines in the price of the cryptocurrency, taking it below $0.2. Earlier in November 2020, the price rose as high as $0.6 before the lawsuit.
Investors also seem to be losing interest as the biggest digital assets management platform Grayscale allegedly sold over 9 million XRP recently. The petition target is to reach 100,000 signatures by the end of January. Whether this will regain investors’ confidence and set XRP on the path to success however remains to be seen.
Author: By TeamMMG