Recently he had to Bitcoin to participate. While it reached an all – time high of $ 67,000 in November 2021, it did Great start in 2022: At the start of the Ukraine war in February, the unexpected price remained stable at around USD 44,000.
From April he went downhill steadily: At the beginning of the second quarter, the Fed, the US central bank, changed its interest rate policy to curb rising inflation. In June, the ECB followed suit. As a result, many investors have switched from high-yield investments to low-risk investments. The crypto markets responded sensitively, the Bitcoin another 9% fell first up to $ 40,000.
Once the price stabilized, it continued in May Game Terra crash – by 50% to 70% most cryptocurrencies lost their value almost overnight. Bitcoin also continued to fall to USD 30,000. Since then there has been no recovery of sight – in June, the base fell even below the 20,000 mark for the first time since 2020.
evil languages now predict the end of cryptocurrencies, even declared Bitcoin dead. But is that really it? What’s next and can bitcoin be recovered again? What are the alternative cryptocurrencies that investors can bet on in the meantime?
Bitcoin course and chart
Bitcoin has been fighting the USD 20,000 mark for almost 4 weeks, land gains briefly and then slip again. Also this morning it looked like it could sustainably leave this important mark before there was a downward trend towards USD 19,000 again.
What are the technical chart signals at this point? On a rise above USD 20,800, investors can breathe easy: An interim rally could then take place with the base targeting higher price targets. one longterm The Bitcoin price targets had to be recovered from the beginning $ 22,000 and then $ 23,300 keep an eye on, because this is where the other obstacles lie.
However, if Bitcoin continues to fall below USD 20,000 for a sustained period, there is a risk of another rapid decline: The next major support points are then USD 12,000.
Altcoins offer an alternative to Bitcoin
One thing cannot be denied: Bitcoin has been hit by one painful victory in recent months. However, many crypto fans continue to believe in the future of the most famous coin. In addition, however, they also rely on other, smaller tires.
The so-called altcoins not based on the Bitcoin code and often focusing on completely different functions and application areas. For example, many focus on the possibilities of Smart Contracts and dAppsyet others are working on the problem of energy efficiency. Also coins related to the area online gambling can be assigned, always very popular.
Given the volatility of these small currencies, the Possibility of quick profit. Bitcoin’s performance on the overall market and therefore these coins should not be underestimated.
Polygon (formerly Matic Network) is an easy – to – use platform provided by the Fix Ethereum scaling issues and the interoperability of blockchain to improve wanting.
These are the core components of a Polygon Software Development Equipment (SDK)allowing you to create multiple projects developing sidechains. These can be added to the Ethereum chain as personalized logs recording each transaction. So users can create Probable Rolling Chains, ZK Rollup Chains, and other types of side chains. polygon Ethereum changes therefore effective i multi-chain systemlike systems like Polkadot, Cosmos, Avalanche.
In addition, there is a polygon store of up to 65,000 transactions per second on one sidechain as well as a respectable one Fixed block time less than two seconds. The Plasma framework gives Polygon the ability to host an unlimited number of decentralized applications on its infrastructure without experiencing the usual disadvantages of a work-proof blockchain. So far, Polygon more than 50 DApps won for its PoS – sponsored Ethereum sidechain.
Aave is a decentralized financial protocolwhich enables people borrowing and lending cryptocurrencies. Lenders pay off their digital assets into a liquidity pool, which is then available to the borrowers. even though lender on their deposits gain interestthey must loans their current cryptocurrencies as deposit collateral.
Users can choose between fixed and variable interest rates Choose. While fixed interest rates provide some certainty on costs during times of crypto market volatility, variable interest rates can be useful if the borrower believes that prices will fall in the near future. The platform also determines its size and selection: Overall, Aave is one of the largest decentralized projects in the field of encrypted lending and lends its users in approx 20 currencies ar.
Not only does the base itself act as a sign of governance, but it also offers discounted fees to its owners on the platform.
Cath Infinity (IBAT)
Battle Infinity is a new one Blockchain based gaming platformthe same some current crypto trends picks up. Your vision is Gaming with the Metaverse and integrate with the blockchain and the like decentralized gaming experience offers. At the same time, they want to hand over digital ownership to the creators and create an ecosystem that will have nothing to do with it.
The platform integrates NFT-based fantasy sports, immersive P2E and metaverse multiplayer platform. There will also be an NFT market place and an integrated decentralized exchange.
The IBAT is marked from 11 July available in pre-sale – this allows investors to get it at a very favorable price. It should be emphasized that: There has never been a private sale before, the developers hereby leave the priority entirely to the public. Even if a new project, Battle Infinity, carries some risk definitely worth a second look.
Last updated on July 14, 2022
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