Solana could very well become the equivalent of Visa for the world of cryptocurrencies and NFTs, according to the Bank of America (BoA). Solana is so threatening because its backing blockchain network is very cheap, fast, and scalable. That means its speed and cost are much better than the average Visa transaction. This is due...
Category: Business
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JPMorgan Says Ethereum Is Losing NFT Market Share to Solana
The bank cites Ethereum’s high transaction fees and congestion. Ethereum’s dominance in non-fungible tokens (NFTs) is shrinking because of congestion and high gas fees, JPMorgan said in an analyst report. The network’s market share of NFTs has dropped to around 80% from about 95% at the start of 2021, analysts led by Nikolaos Panigirtzoglou wrote...
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ADA ready to kick-start a 40% rebound rally
Cardano price approaches the $1.22 to $1.35 demand zone and 50-day SMA confluence at $1.33, signaling a new uptrend. Investors can expect a 40% upswing that slices through the $1.54 to $1.76 supply to retest the $1.87 hurdle. A breakdown of the $1.20 support level will invalidate the bullish thesis for ADA. Cardano price showed...
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Cardano is outperforming rivals Bitcoin and Ether
Cardano’s ADA token has risen 30 percent in the past seven days, according to CoinGecko. Cardano’s ADA token has risen in value over the last week, despite the fact that Bitcoin and Ether have remained flat, owing to some hopeful advancements on its network. According to CoinGecko’s price, ADA has gained 30% in the last...
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JPMorgan issues Ethereum NFT Warning after huge Solana and Cardano surge hits Bitcoin
Bitcoin, ethereum, and cryptocurrency prices are struggling after a bad start to 2022 (even as the non-fungible token (NFT) craze continues). The bitcoin price has dropped 40% from its November high, while ethereum and its main rivals solana and cardano have held on to their gains better, reducing bitcoin’s dominance of the combined crypto market....
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Cardano is outperforming rivals Bitcoin and Ether
Cardano’s ADA token has surged in the past week, even as the likes of Bitcoin and Ether traded sideways, amid some promising developments on its blockchain. ADA has risen 30% in the past seven days, according to pricing from CoinGecko, while Bitcoin, Ether, Solana and XRP have advanced less than 5%. That comes as data...
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3 Reasons Shiba Inu Will Bounce Back in 2022 — and 1 Reason Why It Won’t
The thrill is gone for Shiba Inu (CRYPTO:SHIB) investors. At least, it might seem that way. After skyrocketing enough to make heads spin throughout much of 2021, the meme coin began to sink in late October. Since then, Shiba Inu has plunged more than 60% from its peak. Don’t count the dog-inspired cryptocurrency out just...
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Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related
Billionaire Mark Cuban is mostly investing in cryptocurrency nowadays. “The investments I’m making now are not in traditional businesses,” Cuban said on a recent episode of “The Problem With Jon Stewart” podcast. In fact, “80% of the investments that I make that are not on ‘Shark Tank’ are in or around cryptocurrencies.” One type of...
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Aussies aren’t spending as the threat of Omicron hangs over the nation
Australia is not in lockdown, but we might as well be from a spending perspective. That is according to ANZ data, which shows national spending has dramatically fallen back to lockdown levels, with hard-hit Sydney and Melbourne showing figures even further below the national average. And Sydney’s total spending is at its lowest point of...
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Price of Bitcoin plunges to multimonth low
The price of Bitcoin is at its lowest level in months as the Federal Reserve gears up to begin raising interest rates and Kazakhstan grapples with unrest. On Friday, Bitcoin fell by about 4% and was hovering between $40,000 and $41,000 — a precipitous decline from its November peak of about $69,000. The last time...