A must read crypto articles
🤑First, we start off with some very bullish alt coin news: ETH predicted to have parabolic gains, mirroring the approach of bitcoin in the last bull run. This prediction comes in light as a group of other leading alts (including ltc, eos, etc…) are showing massive breakout potential. We all saw recently how bitcoin has skyrocketed up to 60%+ market dominance, but the real question is how much of that will spillover into the alt markets. Of course, not all alts will follow suit. Invest cautiously!
https://www.ccn.com/3-altcoins-bullish-potential-bitcoin
🥳In a previous article posting we highlighted the potential for the blockchain to be used in the luxury goods markets for authenticity/ verification to counter fakes. Recently Dior and Louis Vuitton have come out with further details on how they plan to team up with ConsenSys and Microsoft to create a platform for use called Aura. There are currently discussions ongoing on additional brands to add to the license. This could be VERY exciting news if it continues to show more success and progress, as this is a very real opportunity for blockchain to show its true potential.
🤷This article isn’t the most bullish, in contrast to many of the other articles we’ve shared, but is a very influential story nonetheless. China’s messaging app behemoth WeChat has recently made a statement that they will ban accounts that attempt to trade in cryptocurrency. This report extends China’s recent crack down on digital currencies that are not under their control and could demonstrate something of a chilling affect on the Chinese crypto markets.
https://cointelegraph.com/news/paying-the-price-wechat-merchants-banned-from-crypto-payments
🤨Following up on our recent bullish ETH story, we have a report about over 1/3 of Ethereum holdings belonging to under 400 wallets. What this tells us is that many of these crypto “whales” is that they are more interested in “hodling” the currency rather than trying to trade for other currencies or play the swings. This could also be a bit more bullish as not many funds will be dumped in the short term, although it does counteract the decentralization narrative of many crypto projects out there.
https://www.ccn.com/top-heavy-33-ether-owned-by-only-376-people-9-billion
Travis Kling, a former L/S Equity Portfolio Manager at Point72, a hedge fund with $13 billion in assets under management (AUM), has said in the long-term, every investor will have some exposure to crypto assets like bitcoin. Kling continued in saying “Every investor will have crypto asset exposure in their portfolio eventually. All of them. How early or late each of them are will matter a lot for that portfolio.” We love to see stories like this as they inspire so much market confidence. We certainly hope this continues
https://www.ccn.com/every-investor-will-own-crypto-bitcoin-eventually
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Will be interesting to see what happens to cryptocurrencies in the next few years.... the main cryptocurrencies could recover and grow going forward....interesting to see what happens.....
Totally agree with you, we are living in the interesting time! :) Early adopters