As the crypto bull run charges upward, so too, does the number of phishing scams aiming to steal your precious coins and tokens.
If you’re HODLing or considering investing in some promising cryptocurrencies, you must beware of Cryptocurrency Phishing. This is a common and ever-growing problem that is plaguing the entire planet. We will go over the basics of this particular scam, as well as give you some basic rules on how to protect yourself from it.
Cryptocurrency Phishing starts with forgery. The key to running a credential-stealing phishing scam is creating an exact replica of a secure website that’s good enough to fool most people, or even just some people. With the classiest fakes, every link goes to the real site. Well, every link except the one that submits your username and password to the perpetrators. As icing on the cake, the fraudsters may try to create a URL that looks at least a little bit legitimate. Instead of paypal.com, perhaps paypa1.com, or paypal.security.co.
The fraudsters are ALWAYS going to try to make you think you’re entering your information at the genuine site, but – like counterfeit money – it only looks real. Instead of entering your password, date of birth, and social security number into the form at your bank’s website, you’d be entering that data into a site that looks identical to your bank’s website, but is actually a site set up by the scammers.
The same holds true for entering your password logging into your favorite crypto exchange or wallet.
If you want to protect yourself against these scams, there are a few rules that you must do.
Never violate these rules! Ever! Never-Ever! NEVER-EVER!
Never click a link from inside an email. Trojans and Malware could be just on the other side of that click. If you get an email from your financial institution claiming that security has been breached and you need to update your password or other information, direct navigate to your financial institution and do not EVER click the link in the email.
Make sure that the website you visit offers a secure checkout process. Secure checkout ensures that only people authorized by the website can access your information. The “HTTP” communications system used for basic internet communication is a holdover from the early days of the world wide web. It’s not secure, because at the time there was no commerce done online. Well, the bad folks are here, and the only sensible way to connect is using the secure “HTTPS” protocol. Web browsers show a lock icon for HTTPS pages. Chrome takes a step beyond, actively marking HTTP sites “Not secure.” You should never enter any sensitive information into any site that doesn’t use HTTPS.
If you have even the slightest gut feeling that something might be amiss, contact the website or institution directly and ask. Simple as that. Got an email from Ledger saying you need to update the software? DON’T CLICK THE LINK! Instead direct navigate to Ledger and check the FAQs. If you see nothing about an update, submit a support ticket.
Go back and memorize these 4 rules, and make it a habit to always follow them.
Remember, Phishing is a method used to compromise the computers of and steal sensitive information from individuals by pretending to be an email from or the website of a trusted organization. For example, a person receives an email that appears to be from the recipient’s bank requesting that recipient verify certain information on a web form that mimics – and looks exactly like – the bank’s website. When captured by the hackers, the personal data allows them access to the recipient’s banking information. Alternatively, the web-link may contain malicious code to compromise the target’s computer. One of the things that makes phishing attacks tricky is that they can be distributed by compromising the email address books of compromised computers. So the phishing email you receive may appear to have been sent by a known and trusted source.
A subset and highly effective form of phishing attack is a spear-phishing attack in which a hacker will research an intended target and include details in an email that makes the email seem more credible. The details may, for example, reference a corporate social event from the previous month that was published on a public website. It can be exceedingly difficult to protect against these kinds of attacks as demonstrated by the notable and extremely costly breaches of sensitive information by Target, Home Depot, and other well known firms.
We want to give you a heads up regarding news stories that you are almost certainly going to be subjected to this year: In 2017, the higher the price of Bitcoin climbed, the more stories were published about the “Bitcoin bubble”.
There are a couple of reasons why the bubble is sure to burst. The first is just that it’s a bubble, and any chart which looks like the one at the top of this post is bound to end in tears at some point.
Bitcoin gave back most of its gains on Tuesday after billionaire entrepreneur Mark Cuban said in a series of tweets the digital currency is in a bubble. Cuban Tweet: I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble
Is the latest frenzy like tulipmania, a gold rush or the dotcom boom? MARKETS frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months.
There are hundreds upon hundreds of news stories from 2017, all claiming that Bitcoin was in a bubble and implying that anyone holding Bitcoin was going to lose everything once the bubble popped.
These stories were published in every month of the year, however, the higher the Bitcoin price climbed, the more frequent the stories became.
We expect the same stories to be rolled out again en masse this year, as the price of cryptocurrencies soar in a major, breathtaking bull market.
There are bear markets, and there are bull markets. If our forecast is correct, the top of this bull market in cryptocurrencies will not be reached until mid to late December this year.
We are not going to let the coming onslaught of Bitcoin bubble stories frighten us into selling prematurely.
Several of our news articles this year – as well as several from last year – included details regarding the 4 year cycle in cryptocurrency prices. The editors at Top5Cryptos are strongly of the opinion that the entire cryptocurrency market is correlating to the previous 4 year cycle patterns in excess of 90%.
Using this year cycle pattern, we are going to predict the general price action of the crypto market for the months of February and March.
First, though, we will look at the crypto price behavior during the previous 4 year cycle top of 2017.
Bitcoin Price Performance In Early 2017
Bitcoin started the first day of 2017 at $1,003. It rose rapidly, gaining nearly 19% by January 5th.
Bitcoin then fell by 24% to reach a low on January 25.
From that date, Bitcoin basically bounced up and down in price without going much in either direction. Prices were choppy from January 25 until February 16.
From February 16 to February 24, Bitcoin had a sustained upward movement in price, reaching the same price that it had attained on January 5 of that year.
From February 24 until March 1, the price of Bitcoin remained near the high of January 5. However, on March 2, Bitcoin broke out above the high of January 5, rising about 8% above the peak price attained in early January.
Bitcoin then suffered a 20% correction into a low on March 19.
Bitcoin then again experienced choppy sideways price action until March 30.
April was the month that the climb in the Bitcoin price really kicked into high gear and Bitcoin left for good the trading range it had been in the first 3 months of the year.
Here is what the Bitcoin chart looked like for the above described time period in 2017:
Leading Estonian high-tech cryptocurrency exchange service, NordikCoin, is announcing that it will start accepting customers from Asian markets. The company will first begin accepting customers in selected jurisdictions, while further expansion is expected to continue in 2021. Whilst expanding its global reach, the company itself and its day-to-day operations will continue to be domiciled in global cryptocurrency haven Tallinn, Estonia.
Bitcoin on the rise
Bitcoin has been in the limelight for over a decade now, rapidly expanding its scope of applications, and continuously rising in value. On January 8th 2021, Bitcoin hit a new milestone by surpassing $42,000 in value, proving that its popularity is steadily increasing.
To support the rise in demand, Estonian cryptocurrency exchange NordikCoin will apply its European KYC and AML rules to customers from new Asian jurisdictions, with the main focus on security and compliance. NordikCoin’s AML/KYC policy stands for Anti-Money Laundering and Know Your Customer and was designed to prevent and mitigate possible risks of money laundering and terrorism financing.
NordikCoin aims to be one of the fastest and most hassle-free ways of buying Bitcoin. The exchange supports all major credit cards, whilst crypto wallets are provided free of charge to its customers. Due to the innovative use of electronic ID solutions, users from supported jurisdictions can set up their accounts in under five minutes – after which they can start trading Bitcoin immediately. The company is known for bringing innovation into the cryptocurrency space, being one of the first Bitcoin exchanges with Lightning Network protocol support.
Inevitably, one of NordikCoin’s main priorities has been to follow all the latest cybersecurity standards and best practices, ensuring that the cryptocurrency exchange environment is safe and reliable for all users across the globe. This is, in part, due to the fact that the team behind NordikCoin is comprised of experienced lawyers, auditors and technologists from around the world.
Japan next for rapid expansion
One jurisdiction which is being considered for NordikCoin’s Asian expansion is Japan. The country has witnessed a notable surge in Bitcoin holdings by 11%, suggesting that it’s the perfect launchpad. Several crypto exchanges are already present and thriving in the Japanese market, regardless of current COVID-19 restrictions and difficulties. Key exchanges include Okcoin, Bitflyer, Bitbank and Btcbox, among others.
David De Marco, CEO of Omni Matrix Ltd, the parent company of NordikCoin.com, shares his excitement for the Asian expansion plans:
– Our expansion into the Asian market marks a unique opportunity for the company to present its innovative cryptocurrency trading services globally. We are thrilled to announce that we will be expanding our customer onboarding processes to facilitate clients from Asian markets. We are confident that this is the perfect stepping stone for the new era of cryptocurrency exchange with NordikCoin leading the way.
Asia has been dominating the cryptocurrency market in the past couple of years, with financial giant SBI taking a lead. The company made a series of crypto moves recently including a planned 2022 launch of a digital exchange with Switzerland’s SIX, a partnership with Ripple and, most recently, the acquisition of U.K.-based cryptocurrency trading firm B2C2. Asia has been found to adopt blockchain technology much faster than many Western countries, incorporating innovations quickly and efficiently. NordikCoin’s expansion plans seem to be a great way for Europe and Asia to join forces and increase efforts of pushing Bitcoin and cryptocurrency into the limelight.
It’s January and today we’re adding our EOS price prediction to the list of coins that we’ve already made a 2021 forecast for. Later on down the page we’ll explain more about EOS and our reasons for being so bullish on it, but you’re here for the price prediction and we’ll jump right to it.
As always, we like to review price forecasts made by others in the crypto industry before we provide our own. This gives you a reference for easy comparison.
According to TradingBeasts, the EOS price in December 2020 will reach a maximum of $3.4, after which the forecasting service expects it to drop back down to $2.7, on average.
In January 2021, its EOS crypto price prediction shows the coin remaining near this level, at around $2.7, later expecting it to experience a slow but steady rise throughout the year, with the coin having the potential to hit a high of $3.9 next December. The average price of EOS is predicted to reach $4.07 in December 2022, and then $5.03 in December 2023.
Wallet Investor also expects the currency’s price to rise in early 2021, although their EOS coin forecast says that the asset will see a price crash in the second half of the year. The event will potentially lead EOS down to $1.2 one year from now.
As for CryptoGround, they have a very bullish EOS prediction. In fact, their EOS forecast claims that the coin will simply keep climbing, with its value reaching $4.17 in six months, $4.7 in one year, and $21.4 by December 2025.
What are crypto experts forecasting for EOS in 2021?
Now that we’ve explained a bit more about EOS, let’s look forward to 2021 and see what some of the top crypto analysts believe could happen to EOS price. According to DigitalCoinPrice, the outlook for EOS is promising:
As we can see from this chart, DigitalCoinPrice has forecast that the price of EOS will increase before the end of 2020. Its January 2021 predictions place the price at $6.07, which is more than double its current price of $2.64. The platform believes that the price will then rise to $7.49 in February before slipping down to its lowest point of 2021 in April when it could be worth just $5.47. However, this dip won’t last long. For the rest of the year, DigitalCoinPrice predicts that EOS will swing between $6.20 and $7.39, ending the year on a brief bullish trend.
If you’re wondering ‘is EOS a good investment?’, this outlook is reasonably optimistic. It shows that the price of EOS will go up from 2020, but that its progress won’t be linear throughout the year. Those who like to make short-term trades could see the chart above as an opportunity to cash in on short-term fluctuations — for example, by selling in March, buying in April, and selling again in June.
Let’s move on to the platform WalletInvestor to see whether its predictions align with those given by DigitalCoinPrice. We can see its forecasts represented in this graph:
At the start of the year, the pattern we can see on WalletInvestor’s graph is not unlike that on the graph from DigitalCoinPrice. Both feature a sharp rise at the start of the year followed by a dip around May, before climbing up again in June. They even give very similar values for its yearly ATH, suggesting that EOS will start to approach prices of just under $8.
The key difference between these predictions is evident in the second half of the year. Whereas DigitalCoinPrice believes that the price of EOS will ultimately close 2021 on an upwards trend, WalletInvestor foresees a very pessimistic bearish run, with its price crashing down to below $1. This is undoubtedly bad news for any investors wondering ‘will EOS go up?’.
These EOS end of the year price forecasts range from about $1 to $47. That’s quite a range!
To date, no major studies have examined this cycle in detail.
This cycle has existed the entire life of the cryptocurrency market. While it certainly could disappear, we see no reason for this cycle to suddenly vanish.
This 4 year cycle, which has existed in the cryptocurrency market since day one, suggests that 2021 is going to be another roaring year for crypto prices.
Previous 4 Year Cycle Tops
The previous two topping patterns of the 4 year cycle were 2013 and 2017. The next cycle peak is due around Christmas time in 2021.
Bitcoin has been through two complete 4 year cycles. EOS was released in January of 2018, and thus we don’t have any previous cycle price patterns for reference. Price history only goes back to mid January of that year.
We are predicting bitcoin to go up in price by a factor of 15.4 times to reach its high at the end of this year.
We are predicting Stellar Lumens to go up in price by a factor of 20 to 74 times to reach its high at the end of this year.
We are predicting Ethereum to go up in price by a factor of 18 to 34 times to reach its high at the end of this year.
EOS started 2021 at a price of $2.64 on January 1.
EOS 30x This Year
We believe that the price performance of EOS this year will mirror that of XLM and ETH. As such, we are going to use a multiplier of 30x.
Using this multiplier, we predict a price high for EOS at the end of this year to be $79.20.
Our EOS 2021 Price Prediction: $79.20
That’s our EOS prediction. While it may seem unreasonably high, let us remind you that at that price the total Market Cap of EOS would only be about $79 billion. As of press time, Ethereum has a total market cap of $150 billion. We believe it is reasonable to forecast EOS could reach this size of a market cap.
An Introduction to EOS For Newbies
EOS is actually the indigenous cryptocurrency underpinning the EOS.IO blockchain protocol. EOS.IO is actually an intelligent contract platform for decentralized applications and protocol designed as an enterprise solution for scaling computer resources, emulating computer processing hardware, storage, and other things. EOS was developed, including several high cryptocurrency projects, to resolve the speed, flexibility, and high fees and scalability issues in both Ethereum and Bitcoin.
EOS is actually based on a white paper released in 2017, created by the Dan Larimer and Brendan Blumer lead Block.One. The EOS first coin offering launched in June 2017 and concluded in the following June in 2018. The ICO broke records for probably the largest length of capital raised in an ICO, pulling in more than $4.197 billion.
EOS is actually a blockchain based decentralized platform which allows the development, hosting, and also execution of decentralized applications (dApps). It’s existed for many years, and also like some other crypto project which focuses on development, rather compared to payments – it was influenced by Ethereum.
Nevertheless, EOS has an objective of being better, faster, more scalable and providing greater plus more complex services, making it Ethereum’s rival.
The project started the ICO of its back on June twenty six, 2017, and it ran until June one, 2018. Before, it was probably the longest ICO of all the time, as well as among probably the most successful. After the year long ICO was concluded, EOS emerged with the raised $4.1bn, which quickly attracted attention to the venture.
Like the majority of ICO projects, EOS was launched on Ethereum’s network, from which it later migrated upon creating its own blockchain of late. Sad to say, the project faced quite a great deal of problems if the time for the mainnet launch of its had arrived, receiving a large amount of criticism. After delays, the mainnet finally discovered the launch in mid June, just to purchase frozen 2 days later.
Nevertheless, despite the rocky start, EOS ultimately managed to pull itself collectively, launching rather a skilled blockchain.
EOS is actually among the more debatable crypto tokens across the crypto sector, but due to the disruptive technology of its might have among probably the largest long term profit potential. The blockchain technology behind the EOS.IO protocol has the potential to substantially alter the future of computer resources and applications and improve upon a number of companies and industries. Because of the effective impact EOS might have, it is long term value might increase exponentially.
Using important analysis to forecast the long term view of the crypto asset, and providing complex analysis from specialists from across the industry, long-term price predictions are able to assist an investor decide whether EOS is actually a great investment decision.
The evidence is abundant that 2021 is the year that will bring a jaw-dropping Altcoin Season. Just as the sun rises in the East and sets in the West, Bitcoin is the first cryptocurrency to rise in price, and the Altcoins eventually follow.
Bitcoin Leads, The Altcoins Follow
There’s no questioning that Bitcoin is the definitive OG of the cryptoshere, as is most likely best highlighted by the point that the flagship digital asset has been in a position to pique the interest of many prominent legacy financial institutions – like Microstrategy, BlackRock, Grayscale – during the last year or thereabouts.
Even with all the sell offs and volatility which was witnessed during the last week, data available on the web definitely shows that the number of addresses with 1,000 or over Bitcoin (referred to as “whales” in the crypto world) has continued to increase. As is ALWAYS so with professional institutional money, the “buy-the-dip” strategy is employed with full force.
While big institutional players plant news stories and give interviews that create fear, uncertainty and doubt (FUD) – thus driving the price down as nervous traders sell – at the same time they are accumulating for themselves at lower prices.
Like it or not, that’s standard operating procedure for traditional markets, and especially crypto.
And where Bitcoin leads, the altcoins will follow.
Forecasting Altcoin Market Activity for the Coming Year
We’ve been pounding the table that 2021 is going to be another moonshot type of year due to the 4-year cycle. 2013 was the year of the first 4-year cycle top. 2017 was the second instance of a tremendous crypto bull run into the second top of the 4-year cycle.
2021 will be the year of the third top of the 4-year cycle.
In order to gain a better understanding of how the 4 year cycle top will play out, we’ll go back and examine the previous iteration of the cycle.
Looking At The Altcoin Season Of 2017
It’s been said that “History doesn’t repeat, but it sure does rhyme.” If you go back and look at historical prices of Bitcoin from previous years, it’s very obvious that Bitcoin isn’t following the 4-year cycle precisely 100% on a daily basis, but the correlation is over 90%.
In other words, Bitcoin price action rhymes with previous Bitcoin price action.
Let’s look closely at Bitcoin’s price action in 2017 as well as the leader of the altcoins, Ethereum.
Bitcoin Price Action In 2017
Bitcoin was priced at $1,003 on January 1, 2017.
It took 138 days for Bitcoin to double in price. (May 18)
It took 216 days for Bitcoin to triple in price. (August 4)
It took 226 days for Bitcoin to quadruple in price. (August 14)
It took 284 days for Bitcoin to quintuple in price. (October 11)
Ultimately, Bitcoin went up more than 19-fold into the 4-year cycle high on December 17, 2017.
Ethereum Price Action In 2017
Ethereum was priced at $8.20 on January 1, 2017.
It took 60 days for Ethereum to double in price. (March 1)
It took 72 days for Ethereum to triple in price. (March 13)
It took 74 days for Ethereum to quadruple in price. (March 15)
It took 75 days for Ethereum to quintuple in price. (March 16)
By the first day of summer, June 21, Ethereum had increased in price by a factor of 41 times over.
Ultimately, Ethereum went up more than 170-fold into the 4-year cycle high on January 10, 2018.
Altcoin Season Lessons
Looking at the above prices of both Bitcoin and Ethereum, we can gain insights into how the altcoin season of 2021 will unfold.
Here are some key takeaways:
Once altcoin season starts to gain momentum, prices of meritable altcoins will rise faster than Bitcoin.
March is likely to be a very good month for the leading altcoins.
By the summer of 2021, a handful of the best altcoins should be as much as 40 times higher in price compared to where they started the year.
The top altcoins could go up in price more than 150 times their value at the start of the year.
Bitcoin will reach its 4-year cycle peak 3 to 4 weeks before the altcoins do, and will start its new bear market.
The entire altcoin market will follow Bitcoin into its next bear market.
An altcoin season is also a term used for a season in which an altcoin is outperforming the price of the original: Bitcoin. There are three stages to an altcoin season. The first stage is when there is a profiting trend on an altcoin that is very new, or a trend that is new to a particular altcoin. The second stage is when the profiting trend dies down, and there is no longer any substantial profit potential from the altcoin in question.
In the third phase, after the profiting trend has died down, the altcoin season starts to see a new influx of traders who are looking to make a long position in the market. By this stage, the profitability potential in trading on any altcoin is significantly reduced. During the second phase, the price movement of all-time high prices of bitcoin continues on its upward trek.
One of the factors that makes the altcoin season so interesting to follow is the fact that there is considerable amount of volatility in the market. The large increase in volatility is what allows an investor to profit from the trading of ether and another high valued alternative currency. Volatility is usually considered a good thing for experienced traders because it increases the opportunities to profit from price movement – both UP and DOWN.
For investors and holders, however, the volatility can be nerve wracking.
lastly, it’s important to remember that the altcoin season doesn’t last forever. In fact, most (statistically it’s over 90%!) investors lose money during the bearish period. However, if you find several profitable altcoins during this time, it can be literally, life-changing.
Come the end of 2021, just remember one fact: trees don’t grow to the sky.
Crypto Rating – XLM $0.69 Crypto Rating, an esteemed authority and providing realistic price predictions on various cryptocurrency assets, has given XLM a price forecast of just $0.46 within a year, and in the next five years expects Stellar to reach a price target of $0.69. Given past performance, these estimates are modest.
The Economy Forecast Agency – XLM $0.64 The Economy Forecast Agency uses a long-term forecasting valuation model to predict prices of various assets, including cryptocurrencies, projects Stellar Lumens growth to reach just $0.64, matching the sentiment of many of the other experts and analysts listed.
Long Forecast Stellar Prediction – $0.30 Long Forecast gave an entirely conservative prediction, as their stellar price prediction forecasts that XLM might reach $0.30, which make sit look like it won’t grow much as compared to the current price.
Wallet Investor XLM Price Prediction – XLM $1.05 Wallet Investor updates prices and predictions every three minutes using the latest technical analysis. They have very conservatively made a 5-Year forecast of $1.005.
Mega Crypto Price – XLM $5.10 The price forecast at Mega Crypto Price has been very optimistic for all the cryptocurrencies and its the same for XLM price forecast, too, predicting that Stellar could be worth $5.10 by the end of 2020. The team says that this can be achieved as long as there are no major security flaws and the overall sector performs well.
Monetize Info – XLM $3.00 Monetize believes that Stellar’s major partnerships will be the major reason behind an upcoming price surge, which might result in XLM’s price reaching $2-$3 by 2020. Beyond IBM, Stellar’s partners include Stripe, Deloitte, etc.
For example, Stripe gave Stellar a 3-million-dollar capital injection a few years back which Stellar immediately returned in XLM.
The Economy Forecast Agency – XLM $0.64 This website features a long-range forecasting model to make market forecasts for corporate clients. The website has its own price prediction for 2020, which says XLM will see a high of $0.64 in 2020, which is by far the most conservative and pessimistic of XLM’s price predictions.
There are other popular websites that share predictions for the price of Stellar Lumens, however, the forecasts are rather outdated and have already proven inaccurate. For instance, cryptonewsz.com predicts:
The predicted high for 2021 might be around $0.089 and on the downside, the low might be around $0.065.
As of press time, January 20, 2021, and at last check the current price of XLM is just a tad under $0.29. Stellar Lumens has already tripled the yearly high predicted by cryptonewsz.com.
A Summary of Stellar Lumens Predictions
The above Stellar Lumens price predictions for 2021 range from a low of $0.10 to the highest XLM forecast price of $5.10.
Our Analysis suggests that all of the above 11 XLM predictions are too low.
It is our conviction that 2021 is the year in which the next 4 year cycle top is due. The first 4 year cycle top arrive in 2013, and the second 4 year cycle top arrived in 2017.
XLM To Surge For 4 Year Cycle High In 2021
Bitcoin is the only coin that we have data for both 4 year cycle tops. To calculate our Ethereum price prediction for 2021 we only had data from one 4 year cycle top. We reported that, “Ethereum went up by a factor between 89x and 173x during 2017 for the last 4 year cycle top.”
We use previous price performance as a guide to possible future price performance. Of course, it’s no guarantee, only a guide.
So what was Stellar Lumens’ price performance in 2017?
Stellar Lumens In The Previous 4 Year Cycle High
On January 1, 2017, XLM was priced at one-fourth of a cent, $0.0025. It ended the year at 36 cents, $0.36. However, it did reach an all time high 4 days later at over 93 cents.
Depending on whether you’re looking at the highest price reached on January 4, or whether you’re looking at the end of the year price 4 days prior, XLM went up in price between 144x and 372x.
We do not expect XLM to increase by the same amount. Bitcoin’s 2nd four year cycle saw gains much less than its first, and we expect Stellar Lumens to do the same.
All factors considered, including the macro financial climate, the new crypto-friendly administration in the U.S., and the 4 year cycle, we are expecting XLM to go up in price by a factor between 29x and 74x.
Stellar Lumens started this year at a price just shy of $0.13. Thus, are target high price for XLM at year end is between $3.77 and $10.01.
Stellar Lumens at $10.01 in 2021
We believe the conditions favor a very strong crypto bull run in 2021, and thus we are going to base our Stellar Lumens price prediction on the high side of the range and forecast an end of the year price target for XLM to be $10.01.
What Is Stellar?
Stellar is an open source, decentralized protocol for digital currency to fiat money transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a Delaware nonprofit corporation, the Stellar Development Foundation, though this organization does not enjoy 501(c)(3) tax-exempt status with the IRS.
Stellar is an open-source protocol for exchanging money or tokens using the Stellar Consensus Protocol. The platform’s source code is hosted on GitHub.
Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers. Each server stores a ledger of all the accounts in the network. 3 nodes are operated by the Stellar Development Foundation, in conjunction with 21 other organizations, providing for a total of 66 validator nodes. Transactions among accounts occur not through mining but rather through a consensus process among accounts in quorum slice. The current network fee is 100 stroops, equivalent to 0.00001 XLM or 1/10,000th of a cent.
History of Stellar
In 2014, Jed McCaleb, founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Before the official launch, McCaleb formed a website called “Secret Bitcoin Project” seeking alpha testers. The nonprofit Stellar Development Foundation was created in collaboration with Stripe CEO Patrick Collison and the project officially launched that July. Stellar received $3 million in seed funding from Stripe. Stellar was released as a decentralized payment network and protocol with a native currency, stellar. At its launch, the network had 100 billion stellars. 25 percent of those would be given to other non-profits working toward financial inclusion. Stripe received 2 percent or 2 billion of the initial stellars in return for its seed investment. The cryptocurrency, originally known as stellar, was later called Lumens or XLM. In August 2014, Mercado Bitcoin, the first Brazilian bitcoin exchange, announced it would be using the Stellar network. By January 2015, Stellar had approximately 3 million registered user accounts on its platform and its market cap was almost $15 million.
The Stellar Development Foundation released an upgraded protocol with a new consensus algorithm in April 2015 which went live in November 2015. The new algorithm used SCP, a cryptocurrency protocol created by Stanford professor David Mazières.
Lightyear.io, a for-profit entity of Stellar, launched in May 2017 as the commercial arm of the company. In September 2017, Stellar announced a benefits program, part of its Stellar Partnership Grant Program, which would award partners up to $2 million worth of Lumens for project development. In September 2018, Lightyear Corporation acquired Chain, Inc and the combined company was named Interstellar.
Real-world Applications of Stellar
In 2015, it was announced that Stellar was releasing an integration into Vumi, the open-sourced messaging platform of the Praekelt Foundation. Vumi uses cellphone talk time as currency using the Stellar protocol. Stellar partnered with cloud-based banking software company Oradian in April 2015 to integrate Stellar into Oradian’s banking platform to add microfinance institutions (MFIs) in Nigeria.
Deloitte announced its integration with Stellar in 2016 to build a cross-border payments application, Deloitte Digital Bank. In December 2016, it was announced that Stellar’s payment network had expanded to include Coins.ph, a mobile payments startup in the Philippines, ICICI Bank in India, African mobile payments firm Flutterwave, and French remittances company Tempo Money Transfer.
In October 2017, Stellar partnered with IBM and KlickEx to facilitate cross-border transactions in the South Pacific region. The cross-border payment system developed by IBM includes partnerships with banks in the area.
In December 2017, TechCrunch announced Stellar’s partnership with SureRemit, a Nigerian-based non-cash remittances platform.
On January 6, 2021, Ministry of Digital Transformation of Ukraine announced cooperation and partnership with Stellar in development of Ukraine digital infrastructure after which Stellar value increased by 40%.
BTCST sets off to solve the problem of a limited number of exit options by bringing exchange-grade liquidity to the Bitcoin mining industry, and in secondary trading, BTCST will perform as a leveraged Bitcoin token free from liquidation risk. BTCST will create an efficient market for Bitcoin’s mining power in ways similar to how Grayscale Bitcoin Trust creates institutional liquidity for Bitcoin.
Four Key Points About BTCST
1. Bitcoin’s leveraged token
BTCST secures dual profits for its holders when the market is on a bull run, due to BTCST’s attributes as Bitcoin’s leveraged token.
BTCST is collateralized by 0.1 TH/s of real-world Bitcoin mining power, which is historically proven to be positively correlated to the performance of the digital gold, and hence the value of BTCST climbs along with the current skyrocketing Bitcoin market. On top of that, BTCST stakers claim Bitcoin mining rewards on a daily basis. If a user started to mine Bitcoin with a WhatsMiner M32s (a classic hardware model of Bitcoin mining) in October 2020, by the time of publication, the value of Bitcoin mined would have risen by 200%; however, the price of the mining machine itself increased 400% during the same time frame.
Therefore, it is safe to call BTCST a leveraged token of Bitcoin.
2. Grayscale-like operations in the mining industry
2020 is the year of Grayscale, and BTCST may prolong the saga in the Bitcoin mining industry. Institutional liquidity injected by Grayscale sparked the bullish market, and BTCST will help release liquidity to the mining industry and enable the execution of liquidity premium in the secondary market.
By trading BTCST, market participants can freely enter and exit Bitcoin mining exposure in any size, at any time, and with low costs. Even miners without mining power tokenized by BTCST can make use of the token to capture the profits or hedge against the risks of mining machine price fluctuation.
3. Enhanced cloud mining
Cloud mining is an imperfect solution to the lack of liquidity, and its reputation is clouded by frequent scams. The legitimate providers also fall short of full transparency.
BTCST is a cloud mining platform deployed on the Binance Smart Chain, with daily payouts executed by the dApp and all data traceable. Binance Pool, the world’s second-largest Bitcoin mining pool, functions as the auditor for BTCST and guarantees legitimacy and transparency.
4. DeFi of 2021
BTCST is a DeFi project without risks of impermanent loss. When a user un-stakes BTCST, the user is safeguarded by code to retrieve the same amount of BTCST along with the accrued Bitcoin mining rewards.
BTCST has passed the scrutiny of CertiK, one of the world’s leading blockchain security firms, scoring a 98 out of 100 in a security audit.
Update 2: As of 1:56 p.m. EST, Bitcoin has topped $33K
Update: As of 11:09 a.m. EST, Bitcoin has topped $32K
The price of bitcoin has crossed a new all-time high on Saturday morning (EST), spiking over $31k per coin. At around 8:43 a.m., bitcoin’s value climbed to $31,520.20 per unit with roughly $12 billion in global trading volume.
Bitcoin (BTC) has surpassed the $31k price zone, and has jumped very close to the $32k range. At around 8:45 a.m. (EST), the crypto asset spiked to $31,520.20 per bitcoin reaching another all-time price high.
BTC is up 5% during the last 24 hours, 15% for the week, 58% during the last month, and 187% for the 90-day span. Over the course of the last 12 months against the U.S. dollar, bitcoin (BTC) has gained 315%.
The crypto asset’s hashrate on Saturday morning is hovering around 135 exahash per second with 18 mining pools dedicating hash at the Bitcoin blockchain. The mining operation F2pool captures 18% of the hashrate or 26.31 exahash per second.
Lots of crypto supporters celebrated bitcoin’s new price rise. After the $30k crossing, Holger Zschaepitz said: “Bitcoin tops 30k for the first time ever only 17 days after the cryptocurrency crossed 20k.”
Another individual wrote: “Well, bitcoin breaking $30k is [definitely] a solid way to start the year.”
A number of bitcoiners wholeheartedly believe the price of BTC will climb much higher than the $30k handle. “Don’t sell your sats to mega institutional investors at $30k,” tweeted Phil Geiger. “They have far more resources than you and they will happily pay you $200k for a bitcoin.”
The onchain researcher, Willy Woo, has said people shouldn’t stress investing in bitcoin at this price when the price could very well reach $300k. “If you’re looking for an entry to HODL Bitcoin long term, don’t nickel and dime an entry,” Woo tweeted. “You’re not going to sweat a few thousand dollars of non-perfect entry when it’s $100k, $200k, $300k in a year.” Woo added: The main bull phase is here. Capital inflows [have] gone nuts.
Our own analysis indicates a Bitcoin price prediction in the range of between $379,825 and $1,329,389 by the end of 2021.
The price of Theta was a mere 57 cents at the beginning of December. Looking back, Theta was one of the best performers on the cryptocurrency market in the month that just ended. From 57 cents on December 1, Theta climbed relentlessly to close out the month at a price of $1.71, for a 30 day gain of 300%.
On the first day of this new year Theta has continued to soar, reaching a high (so far) today of just slightly more than $2.30, up an eye-popping 34% in the past 24 hours.
Theta was one of the best performers on the crypto bull market in the last several weeks, and for now, there is no signal of the trend reversal.
Theta is a decentralized peer-to-peer network that was launched in 2019, and according to analysts, this network could improve the video streaming industry as well as a broad segment of the internet itself. Theta offers better video delivery at lower costs, and it is also important to mention that Theta has partnered with Chainlink to fight against online video ad fraud.
All major cryptocurrencies are advancing this past trading week; Bitcoin has increased above the $29,000 level, and this situation also supports Theta’s price. “The bull cycle of bull cycles has started, as more and more players are starting to adopt towards Bitcoin and cryptocurrencies,” said Cointelegraph Markets analyst Michaël van de Poppe.
Theta has been moving in an uptrend last several months, and the price of this cryptocurrency has exploded in December. Theta reached a low point in 2020 on March 13 at a price of slightly more than 5.5 cents.
Theta Fuel (CURRENCY:TFUEL) traded 13.3% higher against the U.S. dollar during the one day period ending at 0:00 AM E.T. on December 30th. Theta Fuel has a total market capitalization of $152.81 million and approximately $15.51 million worth of Theta Fuel was traded on exchanges in the last day. One Theta Fuel coin can currently be purchased for about $0.0308 or 0.00000106 BTC on major cryptocurrency exchanges including Gate.io and Upbit. In the last seven days, Theta Fuel has traded 60.8% higher against the U.S. dollar.
Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, today released results of their recent survey asking individuals for their market sentiment and investing choices on crypto heading into 2021.
Overall, as the COVID-19 pandemic continues, investors appear to have a more heightened awareness about inflation and its negative impact on US dollars as more investors indicated it as an investment reason from previous surveys. Also, crypto prices have risen sharply in 2020, with Bitcoin far surpassing all-time highs, and the majority of respondents believe they’ll continue much higher into 2021.
Key takeaways from the survey:
Bitcoin’s price projection: 40% of responders believe Bitcoin‘s price will be at least $50,000 at the end of 2021. Bitcoin’s price passed all-time highs in 2020 and investor sentiment remains high likely due to large Bitcoin investments by major companies such as PayPal and MicroStrategy among many others.
Reasons to invest: There’s a significant rise in inflation concerns by respondents as 28% of them stated their primary reason for buying crypto was due to inflation concerns. This is nearly twice as many that stated that reason in the company’s previous annual survey in 2019 (17% selected “inflation” then). Other reasons for buying crypto included that they believed prices would go up (65%) and that they simply wanted to diversify (29%).
Amount invested: A quarter of respondents stated they have invested 50% or more of their total cash or savings into crypto.
Top features: Earning interest remains very desirable for crypto holders as 26% of all respondents requested it. An additional 15% of users wanted to earn rewards through “staking,” which is another method of earning a return on crypto holdings.
The 2021 consumer survey was sent on December 28, 2020, to a randomized group of individuals comprised of the company’s clients, account holders, and customer prospects since 2016. 284 respondents completed the survey. Individuals did not receive compensation or likewise for their participation in the survey.
Outsized returns on emerging cryptocurrencies fueled the year’s top-performing U.S. exchange-traded funds as the coronavirus pandemic upended global markets. Overall, those who played blockchain assets were rewarded handsomely. The year’s best fund, Grayscale Ethereum Trust, which holds Ethereum, the world’s second-largest cryptocurrency after Bitcoin, soared 333.7% for the year through Dec. 9.
Voyager Digital Ltd., a Canadian publicly traded, licensed crypto-asset broker that provides investors with a turnkey solution to trade and invest in crypto assets, just recently announced milestone growth, surpassing $200 million in assets under management (AUM), up 100% from $100 million at the beginning of November, and up 40x in the past 12 months.
This accelerated growth in AUM is led by unprecedented levels of net daily deposits, as the crypto bull market powers forward. With over $50 million in total net daily deposits since the beginning of November, the firm averaged nearly $1 million of net daily deposits for this same period.
“Voyager is firing on all cylinders as we enter 2021,” said Steve Ehrlich, Co-founder and CEO of Voyager. “The rapid pace of increase in net daily deposits is a testament to the success of our platform and the support from our community. AUM is a key metric for the performance of our business, and we are excited that users have placed their trust in our platform which allows us to generate greater returns and thereby reinvest to bring new products to market faster, including our desktop platform, debit and credit cards, and margin offerings.”
2020 has been a milestone year for the crypto-asset space with many well-known institutions either diversifying into Bitcoin or providing greater access to digital assets. The Company believes this continued momentum confirms that digital assets are a legitimate, standalone and investable asset class that is here to stay, providing investors with the ability to combat inflationary pressures from continued debasement of traditional fiat currencies. This evidence suggests that digital assets are starting to rival more established asset classes such as equities, fixed income, commodities and precious metals, in particular the $9 trillion traditional gold market.
“We’ve positioned Voyager with a leverageable technology platform ripe for expansion both internationally and product wise, with Canadian and European expansion planned in 2021,” continued Mr. Ehrlich. “We look forward to bringing Voyager’s regulatorily compliant and transparent platform to the masses in 2021.”
Cryptocurrency funds are a new breed of investment vehicle which parallels more traditional portfolio investments, such as mutual funds, but are largely made up of digital commodities. As a result, they operate by somewhat different rules than their traditional progenitor counterparts.
The price of cryptocurrency protagonist Bitcoin (BTC) has recently hit the $20,000 milestone, marking a new consecutive day record. According to Coinmarketcap, on December 16th, the Bitcoin price first reached $20,000, climbing to $24,085 on the 19th. As of early Christmas morning, Bitcoin is trading at $24,375 after reaching a high of $24,722 a short while ago. BTC currently has a total market cap of $455.4bn.
But the spotlight is also on Ethereum (ETH), the no. 2 cryptocurrency by market capitalization. According to data published by blockchain data analysis firm Glassnode on December 8th at 11am, there were 1,178,174 wallets holding at least 1 ETH, marking an all-time record. This is a roughly 17% increase over January, when the figure stood at 972,924.
As governments around the world are pouring out money to stabilize the economy shaken by COVID-19 and as low interest rates are persisting, cryptocurrency is also receiving attention from institutions and other investors searching for a destination to invest their ample capital. Data published on the 17th by Bitcoin Treasuries shows that a total of 23 listed and private companies worldwide, including NASDAQ-listed MicroStrategy and Square, held a total of $17.1bn worth of Bitcoin. This represents 4.47% of the total Bitcoin volume in circulation.
The number of Bitcoin fund participants is increasing
According to a report by Reuters published on the 7th, the assets under management (AuM) of British cryptocurrency asset management firm CoinShares reached a record high driven by institutional investors. Institutional investors invested $429m, the second-highest figure ever, raising the total AuM to $15bn. This represents an over six-fold increase over the $2.57bn recorded at the end of 2019.
The total AuM of US cryptocurrency asset management firm Grayscale, fueled by an influx of institutional investors and rising cryptocurrency prices, surpassed $15bn on the 17th. Grayscale Capital’s flagship cryptocurrency fund Bitcoin Trust (GBTC) surged by 40% over the previous month, trading at $28.25.
2020 will certainly go down as the year that the Grinch used covid-19 as the means to bring ample aggravation to the global Whoville residents, but Santa would have none of it and brought ample Christmas cheer to all the good little boys and girls HODLing cryptocurrencies!