Cryptonaire weekly magazine 228th edition is out now
Another milestone of importance was that the 19th millionth Bitcoin was mined on April 1, leaving only 2 million more Bitcoin to be mined. It is expected that the last Bitcoin will be mined in the year 2140. This is likely to shift investors’ focus on the scarcity of the leading cryptocurrency.
While Bitcoin remains the leading cryptocurrency, some analysts are projecting greater value in Ether. Arthur Hayes, the former BitMEX CEO, recently highlighted in a
blog post that Ether’s upgrade to proof-of-stake could increase its institutional appeal as it will act as an infinite duration bond. This makes Hayes more bullish on Ether than Bitcoin. He expects Ether to rally above $10,000 by the end of the year.
“My crypto portfolio at the beginning of 2022 was 50% Bitcoin and 50% Ether. I have conviction in the cheapness of ETH relative to the rest of the crypto firmament. Therefore, my target allocation is 25% Bitcoin and 75% Ether”, Hayes added.
Bitcoin turned down from the 200-day simple moving average (SMA) on March 29, indicating that bears continue to defend the level aggressively.
The sellers tried to sink and sustain the price below the breakout level of $45,855 but the bulls had other plans. They purchased the dip on April 1 as seen from the long tail on the day’s candlestick.
The buyers have managed to keep the BTC/ USD pair above the critical level of $45,855 but have not been able to push the price above the 200-day SMA. This indicates that the pair may spend some more time inside a tight range between $44,250 and $48,250.
Contrary to this assumption, if buyers propel the price above the 200-day SMA, the upmove could resume. The pair could then rally to $52,100 where the bears are expected to mount a strong defence. Aggressive traders may consider long positions on a close above the 200-day SMA.
On the downside, a break and close below $44,000 could attract profit-booking by the short-term traders. That may pull the price to the 50-day SMA.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Enjoy the issue!
Featuring in this week's Edition:
- Ernest in Disguise
- 3QualiTy
- CleanCarbon
- DeepSquare
- Loop
- Bashoswap
- bitcci
- Ninja Fantasy Trader
- Chosen Ones
- Have NFT
- Artex
Read More
CRYPTO TRADE OPPORTUNITIES
Just 2 million Bitcoin left to mine: Bitcoin hits the 19 million milestone
Celo Rises 15% on Barcelona Reveal of $20M 'Connect the World' Campaign
Intel Launches New Bitcoin Mining Chips Focused on Sustainability
Coinbase To Go on Hiring Spree Amid New Push for Expansion in Indian Market
CleanCarbon: The DeFi Response to World Pollution
ASIMI Token: Universal Online Business Solution for Advertisers and Crypto Enthusiasts
Bashoswap: An Algorithmic AMM DEX on Cardano
bitcci: An Innovation in The Escort Industry Based on Cryptocurrency!
Chosen Ones: The future of Play-to-Earn gaming
#HAVENFT #Artex #Chosenones #ErnestinDisguise #3QualiTy #NinjaFantasyTrader #Bashoswap #bitcci #Loop #DeepSquare #CleanCarbon #CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #Ecosystem #DayTrading #BTC #digitalcurrency #digitalcurrencymarket #DayTrading #Cryptocurrencyexchanges #digitalexchange
CW - Website Work
https://www.platinumcryptoacademy.co...5th-april-2022
